Galand Haas
Displaying blog entries 671-680 of 851
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Here is your weekly list of Foreclosed and Bank Owned properties for sale in the Eugene/Springfield and surrounding areas. If you should want further information on any one of these homes or wish to view any of them, please contact me.
Foreclosed Homes. Click on the following link to download this week's list.
Sincerely,  |
Good Monday Morning!
If you have not been to an Oregon Duck baseball game at the brand new PK Park you need to do so. What a fantastic facility this is and how much fun is it to watch a college baseball game? This is a great addition to the Eugene and Springfield area!
Most of the Real Estate news over the past several years has focused on the residential Real Estate market and it's continual slide both nationally and locally. The situation with the residential market has certainly had an effect on the lives of most. Now coming on the scene is a situation with commercial Real Estate that is going to also have a significant impact on most of us. Loans for commercial Real Estate are typically much shorter in term than those made for residential Real Estate. Most commercial loans have a duration of seven years. What we are seeing in both the local and national commercial Real Estate market is that lease rates are declining sharply. The value for commercial property is determined primarily by what the lease value is. As a result of the lower lease rates, the value of most commercial property has dropped significantly. Over the next 3 years hundreds of thousands of commercial notes are going to be coming due all over the country. As these notes come due the commercial property owners are going to have to find new financing. Due to the lower lease rates, many of these commercial properties values will be less than what is currently owed on them. The problem will come from the fact that the banks will not be able to loan on the buildings for the amount the owners need and historic numbers of commercial Real Estate owners will now go into default. This has the potential for a huge economic disaster as thousands of commercial property investors lose their money. The investor groups are broad as many of the nations largest insurance company's etc. are invested heavily in commercial Real Estate.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
3547 River Pointe Drive
| Price: $445,000 | Beds: 4 | Baths: 2.5 | Sq Ft: 3026 |
Good Monday Morning!
If you have not been to an Oregon Duck baseball game at the brand new PK Park you need to do so. What a fantastic facility this is and how much fun is it to watch a college baseball game? This is a great addition to the Eugene and Springfield area!
Most of the Real Estate news over the past several years has focused on the residential Real Estate market and it's continual slide both nationally and locally. The situation with the residential market has certainly had an effect on the lives of most. Now coming on the scene is a situation with commercial Real Estate that is going to also have a significant impact on most of us. Loans for commercial Real Estate are typically much shorter in term than those made for residential Real Estate. Most commercial loans have a duration of seven years. What we are seeing in both the local and national commercial Real Estate market is that lease rates are declining sharply. The value for commercial property is determined primarily by what the lease value is. As a result of the lower lease rates, the value of most commercial property has dropped significantly. Over the next 3 years hundreds of thousands of commercial notes are going to be coming due all over the country. As these notes come due the commercial property owners are going to have to find new financing. Due to the lower lease rates, many of these commercial properties values will be less than what is currently owed on them. The problem will come from the fact that the banks will not be able to loan on the buildings for the amount the owners need and historic numbers of commercial Real Estate owners will now go into default. This has the potential for a huge economic disaster as thousands of commercial property investors lose their money. The investor groups are broad as many of the nations largest insurance company's etc. are invested heavily in commercial Real Estate.
Have An Awesome Week!
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THIS WEEKS HOT HOME LISTING!
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Here is your weekly Foreclosed home list. If you find any homes that you are interested in, please get in touch and I can furnish you with details or arrange a showing.
Foreclosed Homes. Click on the following link to download this week's list.
Sincerely,
Galand
Good Monday Morning!
Our gorgeous Spring weather continues. It sure beats what the East Coast is having.
Each week I receive a list of the NOD (notice of default) properties in the Eugene and Springfield area. Unfortunately, the size of this list continues to increase week after week. This indicates that more and more people are finding it hard to make their monthly home payment and are falling behind on payments to a point that their lender starts the foreclosure process with this notice. The national and local economy has created an environment where there are just more and more people losing their homes. The latest numbers out indicate that as many as 1 in four home owners could go into default.
A home foreclosure is very damaging. It is hard on people both emotionally and financially. For many people there is a very good alternative to giving their home up through foreclosure. This alternative is called "Short Sale". A "Short Sale" is a process where the home owner sells their home and then they are able to negotiate with their lender to take a deficiency pay off on their mortgage. Not only can a "Short Sale" allow the home owner to remain in their home during the time of negotiation, but a "Short Sale" can also allow the home owner to have a much less devastating impact on their credit. Today, most lenders would prefer that the homeowner goes through a "Short Sale" rather than losing their home to foreclosure.
The process begins by the homeowner first determining whether they qualify for a "Short Sale". The Galand Haas Team helps many homeowners with this process. Once we determine if the homeowner qualifies for a "Short Sale", we then put the home on the market for sale. Once we have a sale then we begin the process of negotiating with the lender on the "Short Sale". There are only a few Real Estate agents in or area with the experience to help homeowners with the "Short Sale" process. We are experts at "Short Sales", so if there is anyone you know who is facing foreclosure, have them contact us. We just may be able to save them from a horrible situation. They can contact us directly or visit our website at www.shortsaleeugene.com
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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3690 RIVER POINTE DR
This beautiful home has a fantastic floor plan. It features wood floors, wall-to-wall carpet, skylights, canned lights, granite counters, stainless steel appliances, surround sound system, security system, vaulted ceilings, large bonus room. The mas...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
Here is your weekly list of Foreclosed and Bank Owned properties for sale in the Eugene/Springfield and surrounding areas. If you should want further information on any one of these homes or wish to view any homes, please contact me.
Foreclosed Homes. Click on the following link to download this week's list.
BRAD WHEELER
Broker Agent
Office: 541-349-2620
Cell: 541-521-8409
E-mail: [email protected]
Here is your weekly list of foreclosed and bank owned properties listed for sale in the Eugene and Springfield area. If you should want further information on any one of these homes or wish to view a particular home, please contact me.
Foreclosed Homes. Click on the following link to download this week's list.
Good Monday Morning!
Happy Presidents Day!!!!!
Over the past several months I have completed several hundred Market Value Analysis reports for residents in the Eugene and Springfield area. The primary reason for these reports is to give someone who has an interest or need in selling a home an approximate idea of what their home value is on the market today. The typical result of this is that not only do the home owners go into sticker shock, but so do I. Home values in most areas have dropped so drastically that even after doing hundreds of these reports and looking at hundreds of other homes currently on the market, the low prices of many homes in this market is shocking. Not only are many prices well below county assessed values, but many of the homes are worth far less than what the owner paid for them. As we watch even more homes in our area go onto the nod (notice of default) list, the pressure on home pricing continues. The more homes that we see go into foreclosure and short sale, the more pressure there will be on home prices. Unfortunately, the nod list is not getting any less lengthy at this time. This certainly could indicate that home value will continue their decline for quite some time in this market area.
If you live int he Eugene and Springfield or surrounding Lane County area you can easily get a good look at what your homes value has done. Just log onto www.forhomesellers-nonSmartZip.com. Here you can enter in the details about your home and quickly receive a complete e-mail report on your homes current market value. The report will then be repeated and sent to you each month by e-mail. It is just a great way to keep on top of what is taking place with your homes value.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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290 25th Street
Very nicely updated home including brand new roof, vinyl windows, 100% Alder cabinets, Hardie plank siding, granite countertops, new appliances, new carpet, fresh paint, gorgeous fixtures on large lot w/ great landscaping in front. With a cute deck,...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
Good Monday Morning!
The statistics are in for December of 2009 homes sales in the Eugene and Springfield area and also for the entire year of 2009. Looking at both December numbers and numbers for the years there was not any huge swings in the market. The one notable item though is that the overall trend remains as a declining housing market for this area. For December 2009 closed sales were up though and by a gain of 38.4% over December of 2008. Pending sales also saw an increase and were up by 24% over December 2008. New listings also saw an increase and were up by 26.9%. The average number of days it took for a home to sell in December was 118 days. The inventory of homes for sale hit 7.1 months, which remains clearly in the category of a buyers market. Remember 6 months of inventory is even betwen a buyers and sellers market, less is a sellers market and more is a buyers market.
For the year of 2009 closed sales were off by 1.3% from 2008 and pending sales were off by 3.3%%.
The market remains extremely divided as the majority of home sales continue to fall in the price ranges of below $250,000. The market above $400,000 is extremely tough and almost non-existent above $500,000. Don't look for any radical change with any of these trends in the next 12 to 18 months.
Have An Awesome Day!
THIS WEEKS HOT HOME LISTING!
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725 MOUNTAINGATE DR
Entry / Living / Dining / Family Mocha Stained Wood Wide-Plank Floors in Dining & Entry Custom Shelving & Cabinets in Den, Family & Living Areas Natural Gas Fireplace with Stone Surround & Custom Mantel Large, Private Den/Library Powder Room Conveni...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
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Good Monday Morning! It looks like an early Spring for the Eugene and Springfield are. February temperatures in the 60's?
One of the most difficult choices to make when thinking about selling a home is, how do I choose the best Real Estate agent? It has always been important to choose a good agent, but in today's rugged Real Estate market, it has never been more crucial to find an agent who has the right experience, work ethic, marketing plan and market savvy to get your home sold at top market value. A common myth is that all agents at a given company are the same! Not only is this not correct, but the fact of the matter is that the company an agent is with really makes little difference. The real truth is that every agent has their own approach to selling Real Estate. They have their own marketing plan and way of doing business that is unique and can be quite different, not only from other agents in the market area, but from other agents in their own company. Individual company's may have some influence on how the agent does business, but it really ends there. Rule #1, "Don't choose and agent based on the company they are with!" When interviewing agents you may also find a difference in the fees that individual agents charge for selling your home. The brokerage fee is negotiable and it certainly may vary from agent to agent. It would seem that you could save a great deal of money by going with an agent who charges a lesser fee. This is a fact that can be very misleading. In fact most times, just the opposite is true. Instead of looking at the brokerage fee up front, look at the agents performance record. Ask them to show you statistics as to how they stack up against the other agents in the market as far as average sales, sales price, average days on the market and percentage of sales price vs listing price. At the end of the day, these are the numbers that will truly influence how much money you receive from your sale. Rule #2, "Never choose an agent based on brokerage fee!" The majority of agents in any market place use the same home marketing techniques that Real Estate professionals have used for years. In today's world this most likely will not give your home the exposure it needs. National statistics show us that last year over 89% of all people who purchased homes in the country used the internet as their primary way of searching for homes. Traditional methods of marketing homes such as open houses, newspaper ads, and Real Estate magazine presence combined account for less than 3% of the total number of sales nationally. So, make sure that the agent you choose is marketing where the buyers are looking and not employing methods that worked 10 to 15 years ago and not today. Few agents really have either the knowledge of the internet or the budget to adequately promote your home. So, be careful here. Be selective with agents and their marketing and go online and pretend you are the buyer. You will be surprised at the difference you discover from agent to agent. Rule #3, "Do not hire an agent who does not have a high profile internet marketing plan!" Just because an agent has been in business for a large number of years does not always indicate that they are the best choice. Some seasoned agents are outstanding while others may fall short of your expectations. Experience is important, but should not always be the sole reason for choosing an agent. Rule #4, "Always get references from an agent you are interviewing and check those references!" Reliable people who have had experience with the agent are the best source for getting a true feel for what the agent can do for you and for what kind of experience you can expect. With so many agents to choose from, finding the right one can be confusing. By following these simple rules, you should be able to find the agent who will do a great job for you and represent you well with the sale of your home. Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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Displaying blog entries 671-680 of 851
