Shortsale...

With the market being like it is and more and more people at risk of losing their homes in foreclosure, I think it is beneficial for agents/Brokers to learn about short sales.  So this post in more for information on the short-sale. So what is a short-sale? Simply put...A short-sale is when the homeowner get the bank to take less than the amount owed on the note. Many sellers do not realize this may be an option for them. It does not matter ( in most cases) what type of financing your are carrying, FHA, VA, CONV...if you have missed a payment or know you are having financial hardship and could be missing a payment in the future, short-sale may be an option for you verses the alternatives of foreclosure or bankruptcy.  Look at it in a time line format...

30 days past due... you are accruing late fees, maybe some phone calls

60 days past due... you are getting a letter, and maybe some not so nice phone calls...borderline harassment

90 days past due... The bank will file a notice of default with the court house

90-180 past due ...  Redemtion period

So thats about 6 months to sell your home and with todays current market, where homes are declining in value and sitting on the market longer, banks realize that to accept a short-sale could be in their best interest. It can cost up to $80,000 to foreclose. Not to mention the risk of having a a vacant home sit can lead to vandalism, further reducing the value. The banks are seeing more and short-sales offers and you could say they are overwhelmed with the amount of files they are faced with. Having a clean file is important. They are not looking at them on a first come first serve basis. They are looking for the cleanest easiest file.

As the home owner you will have a pro active roll in making sure we have all the info to prepair an organized presentation.

The banks decisions are based on

* What are your monthly expenses

* What is your monthly income

* Do you have any assets, such as other properties

So in conclusion, If you are anywhere on the time line, you may be able to do a short-sale. Make sure you contact some one who understands the short-sale process.   Thank you for reading, I hope I have informed you and if you have any questions please don't hesitate to ask! 

4584 Daisy St, Springfield, OR 97478 | 3BR/2BA 1300 Sq Ft| 2006 Construction|

Dawn Aquino | Oregon Real Estate Properties | 541-606-2517 4584 Daisy St, Springfield, OR 2006 Construction! LIKE NEW, Turn Key Move in Ready............. 3 Bdrm Single Family House offered at $224,900 Year Built 2006 Sq Footage 1,300 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 4,791 sqft HOA/Maint $0 per month DESCRIPTION Beautiful Newer home, located in quiet neighborhood. Close to shopping and freeways. Built in 2006, open layout w/ great separation of space. Vaulted ceilings, recessed lighting, FA-Heat, Central Air/HT-pump, Immaculate hickory cabinets in kitchen. Dishwahser, Built-in microwave, lots of storage! Walk in Closet in Master Suite with double sinks in bath and stall shower. see additional photos below PROPERTY FEATURES Central A/C Central heat High/Vaulted ceiling Walk-in closet Living room Office/Den Dining room Breakfast nook Dishwasher Stove/Oven Microwave Laundry area - inside Balcony, Deck, or Patio Yard COMMUNITY FEATURES Garage parking OTHER SPECIAL FEATURES Close To Freeways Lazy Susan Cabinetry in Kitchen Home Warranty Included 1 owner New Fence New Blinds No Pets ever in home ADDITIONAL PHOTOS Seller contact info: Dawn Aquino Oregon Real Estate Properties 541-606-2517 For sale by agent/broker Equal Opportunity Housing Posted: Apr 8, 2008, 6:42am PDT

32340 Lynx Hollow Rd, Creswell Oregon Real Estate 97426

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97426-Creswell (Creswell)

FOR SALE $684,900Spectacular Property

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	Address: 32340 Lynx Hollow Rd Type: Residential Style: 2 Story Bedrooms: 3 Bathrooms: 2 Suite: Yes Living Area: 2,666 square feet Year Built: 1973 More Details

	Description
	FRESHLY PRICED! Stunning park like setting on 2.24 acres, impeccable attention to detail throughout home and property. True pride of ownership! Spacious layout with vaulted ceilings, lots of skylights that brighten the great room, lots of built in shelving for books in the study area, wet-bar, modern convenience in kitchen (MICRO/DISHWH/DISPSL), fireplace in dining room, and a large Guest House (812 Sq Ft, 1BR 1 BA). The amazing landscape affords priceless views from every angle. Home sits on a hill away from the road, very quiet and peaceful.This home comes with a First American Home Buyers Protection Plan. 1 year warranty. More Description

10 Deadly Mistakes Buyer's Make

	10 Deadly Mistakes Buyers Make
	Making An Offer on a Home Without Being Prequalified Prequalification will make your life easier - so take the time to speak with a lender and decipher your purchasing power. A smart agent is going to ask for your prequalification letter prior to writing any offers on your behalf
	Not Having a Home Inspection By a Certified Inspector Trying to save money in this market by not doing an inspection can cost you thousands. A good Realtor will strongl discourage ywaiving your right to inspection, going so far as to get you to sign an acknowledgment that they encouraged you to perform inspections.
	Limiting your searh to Open Houses, Print ads or the internet When you are looking for you next home in a print publication or on the internet, the information you are looking at is out dated. If you want to stay on top of the market it is necessary to get your Realtor to send you the properties as they become available. Even in this market, the hot deals do go fast! Buyer Brokerage does not cost the buyer anything, and puts many liabilities on the Realtor. The Selling agent will pay your Buyer's Agent's commission!
	Choosing a Real Estate agent who is not committed to forming a strong relationship with you. Making a connection with the right Realtor is crucial. Sometimes going with the biggest Realtor at the biggest company is not the best decision. If you want a more personal approach try an experienced broker at a smaller, local brokerage.Choose a broker who cares about your needs!
	Thinking there is only one perfect home out there. Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your Realtor for a Comparitive Market Analysis. This compares similar homes that have recently sold, or are still for sale.
	Not Considering long-term needs. It is important to look ahead. Will this home suit your needs 3-5 years from now. Is this home a short term investment? Does your financing reflect your intention with the home? A Realtor can help you ask yourself these important questions and make sure your decision reflects your best interests.
	Not Examining Insurance Issues Purchase adequate insurance. Advice from an insurance agent can provide you with answers to the questions you ma have. It is important to get a clear idea of what your insurance will run you and that it is taken into account in your home purchase budget.
	Not Buying a home protection plan This is essentially a mini insurance policy that picks up where your home owner's insurance will leave off. Typically sold in 1 year increments, there are discounts available for more than 1 year, or new construction coverage, or duplex coverage etc. Talk to your Realtor to help you decide what coverage is best for you. *Oregon Real Estate Properties puts a Home Warranty on every listing, and will negotiate a warranty into every home purchase.
	Not Researching Total Costs Involved Early in the buying process, ask your Realtor or lender for an estimate of closing costs. Title company and attorney fees should also be considered. Pre-pay responsibilites suc as Homeowner's Association feesand insurance must also be taken into account. Rememberto examine your settlement statement prior to closing.
	Not Following Through On Due Dilligence. Buyers should make a list of any concerns they have relating to isses such as; Crime Rates Schools Power Lines Neighbors Environmental Conditions Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase decision.
Oh By The Way, whenever you come across peop who are thinkng about buying or selling a home, I'd love to help them. So as these peole come to mind, just give me a call with their name and phone number. I'd be happy to follow up and take care of them.

Growing Inventory Attributable to Troubled Homes

The signs were are clearer in February that the Lane County real estate market is leveling out. While the median price for a Lane County home fell 6 %, compared to a year ago, to $220,000, according to the Regional Multiple Listing Service,the number of pending sales was flat in every neighborhood across Eugene and Springfield, compared to a year ago. This after nearly every month for the past 12 months we have seen declines in pending sales. With a estimated nine month inventory at 1,925 homes on the market — even some of the most optimistic real estate professionals don’t expect the prices now being fetched by existing homes to hold forever. A lot has changed since June 2007 when Lane County witnessed its pinnacle median price of $243,300 — or 10 percent more than today’s median. While the market has declined from the boom of '05-'07, what appears to many as a huge decline in the market, is actually just a leveling off of the market with values correcting themselves based on the local economy. While our economy is not charging ahead like a bull, we are not seeing job rates decrease, with Lane County jobs growing at an annual rate of 0.5 percent, according to the Employment Department. The region’s population growth grew at 1 percent last year.

Since home prices in California took a tumble over the past year, the stream of transplants coming to Oregon to enjoy our lower cost of living slowed as Seller's are still sitting on their homes in declining markets. It’s much harder for troubled borrowers to get a loan now. The lending industry has tightened up standards for lending to elimintate the slide of foreclosures due to subprime lending practices targeting those troubled borrowers. The local media has presented the facts in a negative light, but what we see happening in Lane County is a return to normalcy after unusualy high market appreciaton for ou area in the pst couple years. Other regions of the country have seen double-digit deflation over the past year at the same time Lane County prices were rising. So relax, don't go defaulting on your loan, People still need to move, buyers still have to buy. You just have competition where there was little in the past. When competing against other homes you just have to have a good game plan; If you are priced higher than your competition homes, you have to get real and realize that PRICE IS KING in this market! Pricing your home competitively in the beginning will get you a higher sales price in the long run. Do the upgrades that raise your curb appeal. Don't spend money doing upgrades that are no longer bringing returns! Your home's first impression is the most important thing to focus on. You don't want prospective buyer's ruling you out prior to entering the home. Make Sure you have an agressive internet marketing plan. If you aren't sure what your Realtor is doing to sell your home, ASK THEM. Statistics show that nearly 80% of buyers are starting their search on the internet, if your broker is waiting for sign calls and ignoring the internet, tell them to get in their time machine and go back to a time when that worked! Internet presence is necessary to get your home seen by buyers. IT IS NOT ENOUGHT TO BE IN THE LOCAL MLS.

HOME SALES - February 2008 Home Sales - February 2008 Report Agent Name: Dawn Aquino 541-741-9977 541-606-2517 Date: 3/10/2008 Time: 6:20:52 PM Sales Active Listings Type Price Class 2 or fewer 3 Bdrms 4 or more Condo Units Total Units Residential Units Condo Units UNDER 29,999 3 0 0 0 3 15 0 30,000 - 39,999 1 4 0 0 5 11 0 40,000 - 49,999 1 1 0 0 2 8 0 50,000 - 59,999 0 1 0 0 1 9 0 60,000 - 69,999 0 0 0 0 0 9 0 70,000 - 79,999 1 1 1 0 3 8 1 80,000 - 89,999 2 0 0 0 2 5 0 90,000 - 99,999 0 0 0 0 0 4 5 100,000 - 119,999 2 0 0 3 5 20 26 120,000 - 139,999 4 4 0 0 8 50 10 140,000 - 159,999 4 7 1 2 14 85 12 160,000 - 179,999 3 9 1 1 14 130 16 180,000 - 199,999 3 23 3 1 30 178 24 200,000 - 249,999 2 54 6 1 63 401 20 250,000 - 299,999 1 25 6 0 32 347 32 300,000 - 399,999 2 15 10 0 27 376 10 400,000 - 499,999 0 3 1 0 4 213 8 Over 500,000 0 5 6 0 11 320 3 Total 29 152 35 8 224 2,189 167 Median Price 140,000 224,000 287,500 157,450 220,000 275,000 195,000 Average Price 146,807 237,542 334,907 154,475 238,042 343,402 214,383 Total Dollar Volume Residential Total Dollar Volume Condo Total Home Sales Dollar Value 52,085,523 1,235,801 53,321,324 Time on Market of Units Sold Days # Residential # Condo 0 - 30 56 1 31 - 60 36 1 61 - 90 36 1 91 - 120 31 2 121+ 57 3 Type of Financing of Units Sold Financing # Residential # Condo ASSMP 0 0 CASH 45 0 CONV 149 7 FHA 3 1 OTHER 10 0 VA 9 0

32340 Lynx Hollow Rd, Creswell, OR - 3 Bedroom 2 Bath, Guest Home............

Dawn Aquino | Oregon Real Estate Properties | dawn_aquino@yahoo.com | 541-606-2517 32340 Lynx Hollow Rd, Creswell, OR Price just reduced~ Stunning Park like setting, Vaulted ceilings, skylights through out, 1200 Sq ft deck, guest house. 3 Bdrm Single Family House offered at $684,900 Year Built 1973 Sq Footage 2,666 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 98,010 sqft HOA/Maint $0 per month DESCRIPTION Main house has large Great room, built in library, tile entry way, Berber carpet through out, Large mater with his and her closets, slider out to deck, Great views from every room in the house. Large utility room with tons of storage and attached 2 car garage. The guest house has 812 Sq ft, 1 bed room 1 bath, and two car garage/ shop (Attached) see additional photos below PROPERTY FEATURES Tile floor Family room Living room Bonus/Rec room Office/Den Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Laundry area - inside Balcony, Deck, or Patio Yard COMMUNITY FEATURES Garage parking Guest parking Storage space(s) OTHER SPECIAL FEATURES Has been used to host weddings and receptions Shows Great Pride of ownership Separate Guest House 1BR/1BA ADDITIONAL PHOTOS Seller contact info: Dawn Aquino Oregon Real Estate Properties dawn_aquino@yahoo.com 541-606-2517 For sale by agent/broker Equal Opportunity Housing Posted: Mar 18, 2008, 2:25pm PDT

Today's Real Estate Market

So many say the Market is down right now. I have qualified buyer's, that are buying, deals are closing. Yet I have a dozen listings that are sitting. We have reduced prices, we have offered closing cost, I have spend time and money to maximize exposure, still nothing. Sorta contradicting. I watch T.V. and I hear what They say about the market. One day its improving the next day its crashing. I wonder what would happen to the market if the so called experts ( media) would just shut up about it. Personally I don't think it's that bad, Who would have thought that you have to have a job and decent credit and a suitable debt to income ratio to get qualified, there really are people out their to fit that profile. And oh no the homes are not gaining $100,000 in value every year, that does not mean if someone buys a home in todays market they will lose money. That is the silliest thing I 3ever heard. In the norm it takes home 3-7 years to gain a decent profitable value. Some Jerk goes on national T.V. and tells people " DO NOT BUY NOW,YOU WILL LOSE MONEY" then says its a buyers market. Confused?? I would be if I didn't know so first handedly what is really going on. Yes the market is slower that last year, and that year slower than the last, will it pick up? Is the media stirring our clients and prospects? I wonder if they said the market is showing signs of improvement buy now while you can if people whould get out there and start buying. I am hopeful the market will turn around. My goal now is to get as many listings as I can cause as soon as it gets going again I will a ton of inventory! Good luck to all you agents out there, if you are struggling just ride it out, if your doing well congrats and keep up the good work!

My Real Estate Career

 OK, so this is just a venting blog! I have been in the business for about 5 years now. I love my career, it's easy to be a workaholic when you are doing something you love to do. When I first got into the business, my main goal was to become an investor. I wanted to learn the business so I would be knowledgeable and earn quick capitol. Well I was sure in for a reality check when I activated my license and did not sell a house or know what I was doing for a year and a half. I was doubting myself and my ability to do what I thought I wanted. I was about to give up when something inside me told me to keep going. I switched companies and my career took off. I was one on the top selling brokers in my office, I got an award for commissions earned and I was most importantly gaining knowledge and experience with each transaction. My confidence and my area of expertise is growing and I am having more fun in my career as time goes by.  My dream of investing turned into a dream of owning my own company. Still wanting to invest; just not the top priority right now. This year I made my dream come true, I left RE/MAX and opened my own company. So far its doing great, and growing! I have sold many homes, but non above $700,000. My next goal was to get a million dollar listing and sell it. Not only for the commission, but for the knowledge and experience of it. I am half way there. I listed a 30 acre horse ranch, and its just under a million. I have had so many calls the seller is overwhelmed. I am confident it will be in escrow soon!! I am learning more from this transaction than I have in the past. The more you know the better you can represent; And I want to be the best I can be. I can say the most inspiring lesson I have learned is if you really want something you can do it. What I have learned about myself is I am strong. Strong willed, strong mined and passionate about what I do. I understand there can be obstacles, and I believe in myself to come through it to a very satisfying outcome.  One of my future goals would be to motivate and inspire others to set goals and believe they can and will reach them. Well that is all for now. I will post again when I sell the horse ranch...