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Green Friendly Upgrades

by Galand Haas

Environmentally conscious home owners can create value in their home by installing new green features. 

While it's a tossup whether or not green upgrades will pay for themselves in terms of increased property or resale value, incentives abound for homeowners who branch out and make eco-friendly choices in home improvement, from special bank loans to incentive programs and rebates.

Energy Trust of Oregon, for example, provides cash incentives for green upgrades such as replacing old appliances or windows with better running or insulated versions.

Good Monday Morning!

The deep freeze in the Eugene and Springfield area has passed.  Now it is back to just plain old normal Winter weather for the Willamette Valley,

Don't look for any huge changes in our local Real Estate market for 2010.  Most likely home prices will continue their steady slow decline over the next year.  Home inventories should remain somewhat scarce in the $250,000 range and below and upper end priced homes will remain quite slow on the market.  Most demand for housing will be in the first time buyer segment.  Look for mortgage interest rates to remain low for most of the year.  Yes, it looks like more of the same.

Home foreclosures could spike in 2010.  Look for heavier numbers of foreclosed homes and short sales to hit the market as ARM loan rollovers pick up steam.  The rollovers of these loans could mean double or even triple the payments amounts for many homeowners with little chnce of getting out from under them.

One thing that I am hearing a great deal as of late from people thinking of selling their home is, "I think that I will just wait until Spring or Summer when the market is better to place my home on the market".  If you are needing to sell your home, don't fall into this costly trap.  Your home very well may be worth less in the Spring than it is right now and even less yet by Summer.  If our market continues to decline in value as predicted then waiting to sell your home could be a very big mistake.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING

 

 

Image Unavailable
39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 1 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Historical Low Mortgage Interest Rates

by Galand Haas

Good Monday Morning!

 

What gorgeous weather we are having here in the Eugene and Springfield area.  The cold is going to continue, but the sunshine is very welcome!

 

With mortgage interest rates continuing to be at historically low levels the chance for homeowners to refinance and reduce their interest rate and their payments has never been better.  I continually speak with homeowners who have mortgage loan rates that are well above todays low rates.  For this reason I asked one of the top Mortgage loan officers in our area to give me some ideas as to when a refinance makes sense.  Here is that information.

 

 

“Interest rates remain historically low.  If your current interest rate is over 6.0%, now would be a great time to consider looking into a refinance loan.  Many homeowners that have seen their home values decline or lack equity in their homes are finding relief under President Obama’s Home Affordability Program which allows lenders to refinance a mortgage, even if the homeowner has little to no equity.  If you have been thinking about a refinance, now is the time to act.  Most experts agree that interest rates will rise as the economy continues to recover.  So what are you waiting for?  To schedule a free consultation, please contact David Doak with OMT Mortgage at 541-913-9362 or email at davidd@omtmortgage.com

 

 

Let me know if this is okay…

I am not the best at stuff like this.  I hope you like it.

 

And again, thank you very much.

 

 

David E. Doak

Certified Mortgage Planner

OMT Mortgage

2644 Suzanne Way, Suite 110

Eugene, OR 97408

Office 541-242-8080

Cell 541-913-9362

Fax 541-242-0855

DavidD@omtmortgage.com

http://www.mortgageupdate.biz/DavidDoaksMondayMortgageUpdate.html

 

*

 

HAVE AN AWESOME WEEK!

 

THIS WEEKS HOT HOME LISTING!

 

 

 

3511 RIVER POINTE DR
Price: $575,000 Beds: 4 Baths: 3 Sq Ft: 3726
Large, goregous home with lots of room & lots of options set in a quiet neighborhood. Featuring a spacious living room, wonderful formal dining rm with French doors that open to patio, large kitchen with island, pantry, breakfast bar & nook. Open fa...View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Market Slow Down Continues

by Galand Haas

Good Monday Morning!

 

The long Thanksgiving Holiday has passed and now it is time to prepare for Christmas. It is coming fast.

 

We have watched a slow down in the number of homes hitting the market for sale as of the past 30 days.  This is a trend that most likely will continue for a while.  Most of the homes hitting the market now are those who are forced to sell.  As we see the numbers of foreclosures and short sales climb, this trend may continue for months or even a year or so before we see significant changes. 

 

The number of people who may be directly effected by the ARM loan rollovers is going to jump significantly over the next 12 to 18 months.  If you or anyone you know is going to have to deal with this and may reach a home payment that you cannot make, there is help.  The last thing you or anyone you know wants to deal with is a foreclosure which can severely cripple your credit for many years.  If you or anyone you know would like information on alternatives to foreclosure, visit the web site www.shortsaleeugene.com.

 

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING!

 

 

 

Image Unavailable
325 MACKIN AVE
Price: $250,000 Beds: 3 Baths: 2 Sq Ft: 2060
Great home with great floor plan in quiet neighborhood featuring lush lawns, relaxing porch, a light & bright entrance, spacious living room with gas fireplace, main-level master suite with walk-in closet & large private bath, a storage-efficient ki...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Home Inventories Decline

by Galand Haas

Good Monday Morning!

 

Congratulations to both the University of Oregon Ducks and the Oregon State University Beavers.  Both teams won their football games on Saturday and will now square off on December 3 to battle each other for the Pac 10 championship and the Rose Bowl game.  It's exciting stuff for the state of Oregon.

The inventory of homes for sale in the sub $250,000 range continues to decline.  This price range is where the buyer activity has been and currently is.  There just are not enough homes in this price range to meet demand at this time.  Many of the homes that are on the market in this price range are also either bank owned properties or with sellers needing to do short sales.  For sellers who have homes in this price range it is good news as the market has changed to being a sellers market in these lower price ranges.

The market remains sluggish over $300,000 and is almost non-existant when you get to the $700,000 range and above.  Don't look for any changes in the upper end housing market soon.  In fact this market will continue to be extremely soft and values may continue to decline for another year or two.  If you are going to need to sell a in the upper end price ranges, you are better off to do it now than to have the false expectation that waiting until Spring may bring a better market and higher sale price for your home.  Just the opposite will most likely be true.  

Remember, if you are interested in knowing your homes current market value you can log onto the web site www.forhomesellers-nonSmartZip.com and get a FREE approximate home value analysis by e-mail.  (Service only good for Lane County, Oregon).

 

Have An Awesome Week!

 

 

THIS WEEKS HOT HOME LISTING!

 

Image Unavailable
39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 1 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Foreclosed Homes List as of 1/20/10

by Galand Haas


 

Here is your weekly list of Foreclosed properties in the Eugene and Springfield area.  If you should see any homes that interest you and you would either like further information on or wish to view, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list. 

Download Here

BRAD WHEELER
Broker Agent
Office: 541-349-2620
Cell: 541-521-8409
E-mail: bwheeler@kw.com

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Photo of Galand Haas Team  Real Estate
Galand Haas Team
Keller Williams Realty Eugene and Springfield
2644 Suzanne Way
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411

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