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Current Marketing update for Arch Cape Or
In Arch Cape Oregon our market has of course felt the downturn based upon what is/has happened locally and the Real Estate Market in general. Interestingly enough, we were the one of the last areas in the Country to feel the effects of the market downturn. I think there are two reasons for this. 1. Our market is largely a second home community being located in Clatsop County right by the beautiful North Oregon Coast. 2. We are basically built out. The first thing I learned in Real Estate was the concept of supply and demand. That was over 35 years ago and the rule hasn't changed. More supply with less demand makes it a Buyers market. More demand with less supply makes it a sellers market. So, how do you get the best deal in today's market at the Coast?
1. This is obvious and the news has been full of this information adnausium ,but a Foreclosure or Short Sale or Bank property owned is sometimes a great place to start. I have recently put offers in on 2 short sales and both of them had multiple offers. Reminds me of the height of the market when we used the old trick of going in $1,000 over the asking price of ... more

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