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Should You Remodel Or Sell

by Galand Haas

Good Monday Morning!

With many homeowners still in a position of having either no equity or little equity in their home a frequent question is whether to remodel or to sell and purchase another home.  When trying to come up with the best answer for this it really takes some research on the part of the homeowner.  Remodels can be very expensive and many times the homeowner will not see a return on their remodel investment.  The best way to approach this question is to first get a solid idea of what your home is worth on the market today.  Then you should come up with a solid idea as to what a new home might cost you right now.  Once you have done this then get bids for the cost of doing improvements to your existing home.  You will also want to get an idea of what your existing homes value will be following the remodel.  Now that you have this information you can come up with an idea as to which avenue is going to be the best financial decision.  Sometimes the remodel makes great sense, but I also see many people get buried with an expensive remodel that they will never recapture their money on.

If you live in the Eugene and Springfield market area you can obtain a market value analysis on your home online at www.forhomesellers-nonSmartZip.com.  You can also contact me directly for a no obligation market value analysis. I can also give you an idea on what your home value should be following your remodel.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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4125 Alder St
Price: $299,000 Beds: 3 Baths: 2 Sq Ft: 2627
Nestled in the Hills! Wonderful views of the trees. Light and bright, spacious living areas, well-sized bedrooms with large closets, master bath with two sinks, living room with slider to large 2 level deck, kitchen with eating area, dining room, 2 ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Each Fall and Winter I see the inventory of homes for sale in the Eugene and Springfield market areas hit their lowest levels.  This year is no exception and as we enter into Winter we are experiencing the lowest inventory of available homes that we have seen in years.  Typically, I encourage sellers to keep their homes on the market throughout this time period because the chances of selling increase dramatically with the lower competition levels.  

This year if you are thinking about selling your home I would advise you to get your home on the market now.  Not only are we experiencing low home inventories, but historic low mortgage interest rates have buyers out there ready to buy.  The truth is that for the first time in years we are seeing multiple offers and we have buyers that we actually can't find homes for.  Why not put your home on the market during a time when you actually have the best opportunity to sell.  The odds are that your home will sell faster and for more money than if you wait for Spring.

With the uncertainties of the fiscal cliff and the economy that could send mortgage interests rates spiraling higher, it makes sense to take action now.

If you would like to find out what the market conditions look like for your home, please call me today at 541-349-2621 or e-mail at galand@galandhaas.com.  I promise no pressure to list your home, just the information you need to help you make the best decision.

 

 

 

 

 

October 2012 Numbers are in!

by Galand Haas
VideoVideo

Good Monday Morning!

The statistics are in for October home sales in the Eugene and Springfield market areas.  It appears that October was yet another month of positive numbers for home sales.  Pending sales for October were up 26.4% over September of this year and were up 12.3%  over October of 2011.

Homes sales in October dropped very slightly from September, but were up 19.2% over October of 2011.

New listings hitting the market were down slightly from September and also from October of last year.  

There is currently 5.5 months of active home inventory.  This number is down substantially from the 7.6 months of inventory that was on the market in October of 2011.  

October's average sales price was at $202,500.  This is in comparison with the $197,000 for October of 2011.

The average time that it took for a home to sell in October was at 119 days.  This compares to 130 days for the same time period in October of 2011.  

With record low mortgage interest rates this current trend may continue for a while.  If the overall economy would improve and mortgage interest rates were to continue, the Real Estate market would most likely continue this upward trend. Time will tell, but for right now the news is  great for the Eugene and Springfield Real Estate market.

 

Video Link: http://eugeneoregonhomesforsale.com/video/IMG-0966-2

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2434 Royalann Ln
Price: $295,000 Beds: 4 Baths: 2 Partial Baths: 1 Sq Ft: 2339
Beautiful home in Cherry Hill Estates. Features gorgeous wood floors and great separation of space. Living room with fireplace, large kitchen with granite counters, eating bar & pantry. Large master suite with walk-in closet plus bonus room! Family ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Is November a good month to list your home?

by Galand Haas

Good Monday Morning!

The inventory of homes listed for sale in the Eugene and Springfield area continues to decline.  Part of this decline is due to seasonal trends.  Each year the inventory of available homes for sale hits the lowest points from November through March.  This year with the existing low housing inventories in combination with seasonal trends, the availability of homes for sale in the Eugene and Springfield area could reach some very low levels.  This also means fewer homes for sale for the many buyers currently looking.  With home prices at low levels due to the downturn in the housing market over the past five years and historic low interest rates home buyers are out there in large numbers right now. The combination of low housing invetories and large numbers of available home buyers has created a seller market. This means more demand, fewer days on the market and potentially higher sales prices.

The common thought has been that it is best to wait until Spring and Summer to place your home on the market for sale.  This can often times mean putting your home on the market when housing inventories are increasing and even peaking.  This would mean more competition and potentially longer times on the market and a lower sales price.  

My suggestion for anyone considering the sale of their home would be to get your home on the market soon and don't wait for the Spring and Summer time periods.  Less competition due to low inventories and existing low mortgage interest rates are creating a strong sellers market right now.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING! 

Video Link: http://eugeneoregonhomesforsale.com/video/Eugene-Real-Estate-Update-VRC-2

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1312 Roundup Drive
Price: $350,000 Beds: 5 Baths: 2 Sq Ft: 2854
Huge, updated home with great curb appeal! Large living areas with open floor plan, living room with 2 sets of french doors, additional living room off kitchen and dining area, huge family room with slider to backyard, 5 big bedrooms plus 2 rooms wh...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Opportunities for First Time Home Buyers

by Galand Haas
VideoVideo

Good Monday Morning!

Nothing like some Summer weather in November.  This is a nice experience for the Eugene and Springfield area.  Enjoy it while it is here!

Locally and nationally the first time homebuyer market continues to be the most active part of the Real Estate market.  Homes that are in price ranges that are attractive to first time buyers and that can qualify for the most common types of financing used by first time buyers are clearly the easiest to sell in just about any area.  Both the great affordability of homes at this time and the record setting low mortgage interest rates are driving this market.  A sustained period of heavy demand for homes that qulaify as first time buyer homes will eventually fuel price increases.  If you are a first time buyer and you are sitting on the fence, don't wait.  Opportunities such as we are seeing today don't last forever.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-November-2012

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2160 Wood Duck Way
Price: $525,000 Beds: 4 Baths: 3 Partial Baths: 1 Sq Ft: 4000
Stunning custom home on lake! High ceilings in dining room and living room with fireplace, open family room with fireplace, office, bonus room, laundry with sink and storage. Large master suite with travertine tile and walk-in closet. Gourmet kitche...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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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