Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Nov. 14, 2019

Options When it Comes to Selling

Options When it Comes to Selling

 

 As we all know, the Real Estate Market tends to slow down during Fall and Winter months, therefore it can be more challenging for property owners to sell their homes. If you are struggling to sell at this time, we can help! For those who must sell, but the market is just not in their favor, an excellent option to take into consideration is renting their property. A few reasons why renting out your home may be the best option at this time.

 

Renting out your home can diversify investments and income streams, enabling one to reduce their financial risk. The goal is to generate a steady cash flow that can cover mortgage, taxes and insurance costs. Putting a little extra money in their pockets each month.

If any maintenance emergencies arise (especially during winter), it can be handled more efficiently with tenants occupying the property. Not to mention tenants usually pay most if not all utilities, thus keeping the home warm and the waterlines less susceptible to freezing.

Occupied homes will attract less crime. Drug users frequently seek out abandoned homes to squat in and with drug use often comes other more violent crimes. In addition to crime, other dangers that put entire neighborhoods at risk also result in people living in abandoned houses.

 

Of course we want to see you succeed in the sale of your home, therefore the goal is that they keep your property to sell in a more competitive market and at a better price! In the event you decide to sell in the future, we will gladly help with that also!

 

 

Because your investment is your future, we make it our focus!

Oct. 30, 2019

5 Tips For Cleaning Your Gutters

5 Tips For Cleaning Your Gutters

It’s a dirty job, but someone’s gotta do it! We’re talking about cleaning your gutters, which may seem like a thankless job, but a necessary one. If you haven’t ventured onto your roof this year to do the deed, now is definitely the time, as the leaves are falling (and surely clogging your gutters as we speak!). Here are five tips for making the whole process safer AND easier:

1. Keep it steady: Using a sturdy ladder is key to ensuring your personal safety and making the task as easy as possible. Make sure the ladder is placed on a flat, solid surface, maintain a 3-point contact (two hands and a foot, or two feet and a hand) while climbing, and never stand on the top two rungs, as it becomes more difficult to maintain your balance.

2. Dress the part: Thick, heavy gloves are a must when cleaning gutters! Sharp or jagged metal pieces along with screws or nails can pose a danger to your hands, along with debris that has accumulated in the gutters themselves. Don’t forget about non-slip shoes, long sleeves, and safety glasses for extra protection.

3. Time to clean: Once you’re ready to clean, follow a simple three-step process: scoop out any leaves and debris (keep a tarp or wheelbarrow underneath where you’re working to easily gather the gunk and keep your yard tidy), flush the gutters and downspouts clean with a hose, and repair any leaks as you go.

4. Cover it up: Investing in gutter covers can be a fairly inexpensive way to reduce clogging and the amount of work needed for next season. They are quick to install and come in a variety of forms, including porous foam, mesh screens, or clip-on grates.

5. Stay on schedule: Ideally you should clean your gutters twice a year. It may be a bit of a hassle, but maintaining your gutters can pay off in the long run, helping you avoid drainage issues that could potentially lead to more costly repairs.

Photo credits:

Posted in Home Maintenance
Oct. 30, 2019

6 Tips to Buying in a Seller's Market

Summer is in full swing, and again this means many buyers (especially first time buyers) in our marketplace are faced with low inventory, multiple offers, and firm competition. We are years into a sellers’ market, and the pendulum doesn’t look like it will swing for the foreseeable future. The graphic above provides wonderful examples of how buyers can separate themselves from the pack. Some other ways to differentiate yourself as a buyer are.
1. Write a personal letter while presenting your offer. While the bottom line is often the determining factor for many sellers, a personal touch can also move the needle when competing with other offers. Let the sellers know a bit about you, and what type of stewards your would be to their home. 
2. Offer flexibility at closing! Rarely has your seller charted a seamless transition into the next phase of their lives be that another home, condo, etc. Offer the seller a week’s rent back after closing, at no cost. While this could costs a buyer a few hundred dollars, it could mean the world to sellers dealing with the business of everyday life.
We are here to walk you through the home buying process with little stress on your shoulders. Thinking of buying? Contact us today! (541) 505-9907 Email us!
Posted in Market Updates
Oct. 30, 2019

Heating and Cooling System Maintenance

Heating and Cooling System Maintenance

It's that time of year again! Summer is just around the corner and with that means longer days and warmer weather. With that it also means you're home mechanics may need servicing or maintenance. You're heating and cooling system can be very expensive to repair and/or replace, but annual maintenance is far less costly. Here are some maintenance tips. 
Swap Your Filters
A typical cause of heat pump problems is a lack of airflow within your system. Without unrestricted air flow, your heat pump cannot function at its optimal level. If you notice a lack of heating efficiency, an easy heating pump tune-up tip is to change out your filters. Swapping your old, clogged filters for new ones will increase your home’s airflow and allow your heat pump to run unencumbered.
Follow Manufacturer’s Instructions
If you’re looking for hints for maintaining your heat pump, or looking to solve problems like your heat pump only blowing cold air, then one of your best sources for guidance is your heat pump’s manufacturer. Check your owner’s manual to learn the best ways to care for your heat pump so that your Carefree Arizona home is always at the right temperature.
Deep Clean The Unit
Heating pump repair involves several important tasks, but the one that can be very effective at fixing your unit is deep cleaning your heat pump. Many heat pump problems are caused by blockages that keep its parts from functioning normally. By giving your heat pump a deep clean, you should be able to ensure optimal functioning at all times.
Clear the Area
As mentioned in the previous section, it’s possible for your heat pump to build-up obstructions that interfere with its operation. Because cleaning your heat pump can be difficult, it’s best to prevent these blockages by clearing the area surrounding your heat pump. Remove dirt, debris and other potential hazards to preserve your heat pump and keep it clean.
Feel Around the Unit
Making sure that your heat pump runs the way you need and deserve is a matter of constant vigilance, which means you need to regularly check that your pump is working correctly. When your heat pump is on, feel around the unit to see if the right level of hot air is coming from your heat pump.
Examine the Thermostat
Some problems with your heat pump may stem from an issue with your thermostat, especially if the wiring has gone bad or become disconnected. If your heat pump does not respond to your thermostat, check your connections to make sure your system is communicating properly.
Posted in Home Maintenance
Oct. 30, 2019

Do You Know the Cost of Waiting?

DON'T WAIT TO BUY!
Taking advantage of today’s near record low interest rates could potentially save you thousands of dollars initially and tens of thousands over the life of your loan! For example, using a 4% interest rate, a $300,000 home, $4,000 a year in property taxes, and a 20% down payment your payments (PITI) would be roughly $1,550/month. If interest rates increased to 5% (with all other factors remaining the same), and you wanted to keep your payments around $1,550/month you would now be looking at a $270,000 home. Depending on your local market a $30,000 swing in purchase price can mean an additional bathroom, RV parking, a bonus room, etc.
Tyler Demers
R&R Properties of Eugene
Principal Broker
C (541) 912-1112
O (541) 505-9907
Posted in Market Updates
Oct. 30, 2019

Eugene Real Estate Market Data (Nov. 2018)

Eugene Real Estate Market Data (Nov. 2018)
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It's time for another Real Estate market data update! Here you will find current market data (including pricing, inventory, and more) for Eugene.
Price: The market is hovering right around this plateau, although the median list price is up from a couple of months ago.
Inventory: Inventory has been decreasing in all quartiles, with the number of new listings less than the number of pending homes ("absorbed").
Supply and Demand: It's still a seller's market, and if the upward trend in sales relative to inventory continue, expect prices to resume an upward climb.
Posted in Market Updates
Oct. 30, 2019

How Does the Real Estate Market Look for 2019!

How Does the Real Estate Market Look for 2019!

Information taken from Market Watch
National prediction for the 2019 Real Estate year shows signs that the housing market will not slow. Millions of Americans continue to wait in the sidelines as the housing inventory remains incredibly tight. This makes it more challenging for buyers as home prices continue to rise due to supply and demand. At the same time, expensive rents and low wages have constrained people’s ability to save up for a down payment. 
Nationally 2019 looks to remain a seller's market with home prices continuing on the rise while the job market remains much the same. 
I do not anticipate 2019 experiencing the rapid appreciation we have seen in Lane Co. over the last few year, however I still expect a healthy appreciation number of 3-4%.
I expect there to be continued significant competition in the mid to lower priced homes (under 350k). However, there will likely be more opportunities to find good deals in the mid to upper levels. Interest rates have come back down which gives the buyer more affordability as well.  
Overall Lane Co. is still a strong market, however each price point and neighborhood varies. Please fee free to reach out if we can assist with the buying or selling process.
Tyler Demers
R&R Properties of Eugene
Licensed Oregon Principal Broker
Cell: 541-912-1112
Are you tired of the rain and cold weather? Thought about buying a vacation home? The Real Estate market in Scottsdale/Phoenix Arizona area is doing very well. Home prices continue to rise with no indication of slowing down. Now is a good time to buy an investment property or vacation home. 
We have several clients who bought condo’s and are able to rent them out as vacation rentals with my help as their onsite agent. This allows them to vacation when they are tired of the rain, but still generate income while they are not using the property. 
If you have any questions about buying Real Estate in Arizona give me a call. I would be happy to show you what the sunny state of Arizona has to offer. 
Bill Nelson
Realtor
HomeSmart Elite
Cell: 602-653-0995
Posted in Market Updates
Oct. 30, 2019

2018 Real Estate Stats and Figures for R&R!

2018 Real Estate Stats and Figures for R&R!
It's hard to believe that it's already 2019 as we look back on the year end Real Estate stats for R&R Properties of Eugene. We want to thank each and every one of you for your friendship and business, and for helping make 2018 one of our best years yet!
(All data reported for Jan. 1, 2018 to Dec. 31, 2018)
Real Estate Team
  • Number of successfully closed transactions: 66
  • Finished 27 out of 350 offices (top 8%) in Lane County for total volume sold in dollars
  • Average price of properties that we listed or sold: $338,000 (12% higher than Lane County’s overall average)
Property Management Team
  • Had a growth of 22%
  • Currently managing: Residential, Commercial, Apartment Complexes, & Vacation Rentals
Posted in Market Updates
Oct. 30, 2019

2017 Real Estate Stats and Figures for R&R!


2017 Real Estate Stats and Figures for R&R!
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It's hard to believe that it's already 2018 as we look back on the year end Real Estate stats for R&R Properties of Eugene. We want to thank each and every one of you for your friendship and business, and for helping make 2017 one of our best years yet!
(All data reported for Jan. 1, 2017 - Dec. 31, 2017)
  • Number of successfully closed transactions: 83
  • Finished 20 out of 335 offices (top 6%) in Lane County for total volume sold in dollars
  • Average price of properties that we listed or sold: $324,041 (11.8% higher than Lane County’s overall average)
  • Average days on market: 22 (77.8% fewer than Lane County's overall average)
Posted in Market Updates
Oct. 30, 2019

Increase Your Home's Curb Appeal!

Increase Your Home's Curb Appeal!

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First impressions matter, and that even applies to your home! That’s why curb appeal is so important. What will people think when they see your home’s exterior for the first time? Here are some ideas to easily (and affordably) improve your home’s curb appeal.
Welcome them in: The front door is often the focal point of the home, so it’s important that it looks presentable. If installing a new door is a little out of your budget, try painting your existing one an eye-catching accent color and while you’re at it, polish or even replace any dingy fixtures. A tasteful wreath or welcome mat can also help dress up the entry without costing an arm and a leg.
Light it up: Landscape lighting not only looks great, but offers the added perks of safety and security. Use fixtures to illuminate the path up to your front door, or accentuate trees, bushes, or outdoor art pieces in your front yard. Solar fixtures are an easy option when looking to avoid working with wires.
Get artsy: There are countless options when it comes to outdoor art, making the only limit your imagination! Look for weather resistant pieces that complement the colors and style of your home’s exterior. Hang wind chimes (bamboo or metal) from your porch, place a sculpture near your walkway, or add a birdbath or small fountain to your yard.
Under pressure: A quick pressure-washing can make a world of different to your porch, siding, or driveway. It’s the quickest way to remove years of dirt, moss, oil, and other eyesores that have accumulated. If you don’t own a pressure washer (or aren’t able to borrow one), check with your local home improvement store to rent one for an afternoon.
Photo credit: Rinsing Off Dirt by Decorative Concrete Kingdom is licensed under CC BY 2.0
 
Posted in Home Maintenance