Our market is constantly changing and one way is short sales. Short sales are when a seller sales for less than the loan balance. Typically these sellers are in distress, but ultimately they could face the real danger of foreclosure. Real Estate Agent all over the country are seeing waves of backwards sellers who need help. Often a Listing agent goes out to a listing appointment with good intents but does not always know the pitfalls that await when an offer is ubmitted to a loan company.

I just audited the Certified Distress Property Expert Designation. CDPE knows its stuff. I highly recommend that you get this designation. Not only will you get step by step information but you will also understand the power we have in our country, economy and housing market by closing short sales rather than foreclosures. Salem Short Sales and salem real estate is not the only market affected. This is a nationwide epidemic that needs healing from CDPE designees.

If you farm a particular area and have seen the devastating effect of a foreclosure to that farms values, you owe it to yourself to not let it happen again. CDPE will teach you.

Salem Short Sale Advisor,

Trevor

 

Who reads more than headlines today? We're inidated everywhere we look. But, what is the news doing for our confidence. The Title of this post is the front page story of the Statesman Journal. People around town have a nicer name more sacrastic name for it. My argument is that while most of us scan the media, the real story is hidden in the fine print.

This story states that while 9.7% is not great we are still below the state level. So why not a Headline like "Salem-area Jobless Rate below State Average".  I know the stories that bleed lead, but sell papers with good stories, not misleading headlines.

While my rant may go unnoticed the housing industry seems to be picking up. There are many indicators including some new construciton starts and an increase in loan applications filed. So were is that in the paper? Where is that on the nightly news. What about the reduction in distressed properties?

Why do we have to beat each other up? While I don't want to me sheltered from the truth I also don't want to be mislead. It is just like looking at the picture below. Old or young! Is Salem Real Estate any different?

 

 

I like Luke Wilson as an actor. I was on netflix and I saw a movie entitled Henry Poole Is Here. Kind of a an indie film that is slow at times and inspirational. I don't want to give the whole thing away but in the first scene Henry is shown a house and he proceeds to buy it no inspection or negotiation. A Real Estate Professional represents him and she is apprihensive about his waiver. The house needs some work so she has a someone paint it and do a little landscape work. The painter messes up on one wall and the "Face of God" appears. Check it out if you want to, but look at what we can do for our clients. The "Face of God" heals many and Henry terminal illness is healed.

So, the is proof that what we do heals people or at least in Hollywood's eyes. Salem homes for sale is not much different. Salem Real Estate is healing.

 

A couple of years ago I came up with this idea for why home prices were inflating. With most of my clients I was seeing concession for closing costs. It often made me wonder if by adding 3% to the full listing price to come up with sales price if that caused the inflation. I thought about it as a domino effect. I soon realized that no matter how it happened a ready and willing buyer was willing to pay for Salem homes for sale. Was it done with ill intent by appraisers? No, the factors involved were to complex and the appraisers were finding comps.

Am I alone in my thinkning on this? Did this encourage the mortgage debacle? Salem Real Estate ?

 

 

Let it be known I am a nice husband. I went with my wife to yet another chickflick. This time is was He's just not that into you. Overall pretty good and fairly clean. The reason for my post is one of the character is Real Estate Broker, I am always interested in seeing how we are portrayed. This time it was pretty good. A little hoaky in some spots like branding on a frisbee and pens, but maybe the best part was the specific advertising to alternative lifestyles. Overall I would say it is worth seeing, it entertains but the Real Estate Broker in the move does not save the day with a deferred exchange or 1031 but he may have secretly set up a couple on a referral basis. Check it out if you love explosionless, gunfireless films.

So if I was portrayed in a movie I would seem pretty boring. Salem homes for sale, while a fast paced action movie could be spiced up with some mindless counteroffers and contigencies. The climax of the film would be a closing table heated with Buyers and Sellers fighting over posession. Please do not steal this idea and pitch it to Hollywood before I do.

 

News travels fast and I opened a can of worms or should I say fish. I got a follow up call and Maria knew about my post here. Salem homes for sale is for sale for a small fee. I told her that I didn't believe in the site. I told her I had not seen in my market or heard about it in my sphere. Looking at it as a tool though it is great. I especially like how going to the next page it brings you back to the top. I also like that there is no search button. It seems to be a great tool, but for the sponsored link I am not sure it is worth the money. Salem Oregon Real Estate was also an option.

I may be alone on this but when I search on google I usually skip over the sponsored links because they are trying to sell you something. I would rather see a link to a blog post or something to that nature. Am I alone on this?

 

Maria from Leapfish called me about buying a spot on the top and bottom of Leapfish. Does anyone have experience or results from this.  

Seems to make sense but who has heard of Leapfish and who uses it? I am thinking about Salem homes for sale or Salem Real Estate . Please advise.

 

Listings are the life blood of our business, but after increased market times and abnormally large inventory taking a listing is a chore. Getting it sold is a job. So, when contacted to list a property the usaual glee is now gloom.

So, how did a house sell in two weeks in this market? Price and Condition. So, we had some showings the first day and that weekend. We had good traffic at the Open House but no offers. Then out of nowhere an offer and pretty good to boot. It can be done. Salem Oregon Real Estate lives!

The media said it was risky and could not be done. There was no bailout and no special congressional hearing.

The buyer will be taking advantage of a tax credit I think. 

 

Many of you know I was recently elected to the Salem Association of REALTORS Board of Directors. That appointment has opened my eyes to the many facets of Real Estate as well as what the association does. Because of this I was excited to attend REALTOR Day at the Capitol.

In past years attendance has been around 200 for the state. Oregon Realtor Membership is around 16,500. This year we represented with 600 REALTORS from all over the state. Amazing numbers and the largest number for any trade orginazation in the state. What kind of impact does that make on our Senators and Representatives? Well, it shows that even though the market is struggling we are pushing for more affordable housing for our clients, we are opposing a transfer tax that would cost buyer and sellers additional funds.

Why do we do this? Because we owe it to Salem Oregon Real Estate. One thing I took away from the day is that with each new bill comes new confusion and often without a constituants voice or a citizen speaking up Representative and Senators don't know the issue. Don't assume they do.

I am proud to say I serve this community. I am proud of my fellow REALTOR members and I have new respect for many of them.

 

You read it right. $8,000 as a tax credit for buying a house. Rules and restrictions apply but what a deal. Read all about it here

http://www.federalhousingtaxcredit.com/

Nation Association of Realtors did a survey in 2007 stating that an average buyer spends about $9,000 after purchasing the home. I know I did, but $8,000 is a good start.

 

 
 
Trevor300 Rainmaker_large

Trevor Elliott

Salem, OR

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RE/MAX Equity Group, Inc.

Address: 1860 Hawthorne Ave NE, Salem, Or, 97301

Office Phone: (503) 371-5132

Cell Phone: (503) 602-1039

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