Selling your house in Southern Oregon
3 Best Practices for Selling Your House Quickly and Profitably This Year
If you plan on Selling your house in Southern Oregon and Rogue Valley, taking the necessary steps to ensure you get the best possible price is essential. From staging your home to providing all the paperwork is in order, having a plan in place can make the process much smoother. Here are three tips for selling your house quickly and profitably in Southern Oregon and Rogue Valley.
Price It Right
The first and most crucial step to selling your house is pricing it correctly. If you overprice your property, it could sit on the market for a long time without attracting any interest. If you underprice it, you could take advantage of the potential profit from the sale. A comparative market analysis is the best way to determine what your house is worth. This will show you what similar homes in your neighborhood have sold for recently, allowing you to set a competitive price in the current market. Remember that pricing your house at what you think it's worth and at what it's worth are two different things.
Keep Emotions Out
While it might be your dream house, keeping emotions out of the decision to sell your home is essential. Look at the facts and figures to see what you could get from the sale. This will help you make the best decision for your situation. Be realistic about how long it might take to sell your house, as many factors could affect how long it stays on the market. Suppose there were significant upgrades or renovations recently. In that case, it could take slightly longer to sell than a typical house on the market. Suppose you're working with buyers using a mortgage lender. In that case, they will need a certain amount of time to complete the approval process. If your house isn't ready to close on time because of renovations, it could slow down the whole process and keep your house on the market longer. If a lender has to re-approve the buyers, it could cause even more delay.
Stage It Well
Staging your home for sale is a great way to boost your sales and make your house more appealing to potential buyers. Adding a few stylish touches and rearranging furniture can instantly make the house feel more modern and updated. Some simple changes can make a big difference. For example, adding fresh flowers or a vase of plants will instantly make your house feel more welcoming. Brightening dark corners or rearranging furniture to open a room will make the house feel more spacious. You can also consider removing anything that could be a turnoff for a potential buyer, such as hobby items or children's toys. You don't want potential buyers to think they need to clean up after you before they can move in, so remove any obvious clutter.
Challenges of Selling A House in a Changing Market
One challenge you might face when selling a house in a changing market is that buyers may need to be more relaxed about making a purchase. Suppose you're selling your house during an economic uncertainty (such as now, in the early 2020s). In that case, buyers may be more risk-averse and less likely to buy a house. They may be more focused on protecting their money and less likely to make a big purchase like a house. Another challenge you might face is that buyers may be less potential to go the traditional route of buying a house. There has been a rise in the number of people renting instead of buying. This means there are fewer potential buyers on the market right now.
Conclusion
Consider the challenges of selling in a changing market, such as economic uncertainty or increased competition. Consider working with a real estate agent to sell your house. They will have access to an extensive network of potential buyers and experience selling houses, making the process easier. They can help you price your house correctly, stage it to look its best, and make any necessary repairs or updates to maximize its appeal. They can also help you manage the paperwork involved in the sales process.
A Few Helpful Links
Affordability in the Housing Market Improves in November
Affordability in the Housing Market Improves in November
My role as a broker at Windermere Van Vleet involves keeping a close eye on the housing market to provide my clients with the best possible advice and guidance. During the past few months, home buyers have had some slight relief regarding affordability. Due to declining home values and lower mortgage rates in November, the average mortgage payment cost dropped by about $100.
However, it’s important to note that monthly mortgage costs are still up $720 or 66.1% year-over-year. According to Zillow’s latest Market Report, the typical home is now worth $357,733, which is 0.2% less than in October and 0.5% less than the market peak in June 2022. The Federal Reserve’s increases in the nominal interest rate are primarily to blame for the currently cooling market.
But there is some good news. The recent pullback in mortgage rates has brought costs down for the first time since July, marking the second time in the past 19 months. While large-scale affordability concerns are expected to be around for a while, this news gives hope that affordability will at least stabilize going into 2023.
In the meantime, it’s worth noting that the housing market entered a “deep freeze” in November as buyers have paused their purchasing plans until after the new year in many cases. According to Zillow’s Senior Economist, Jeff Tucker, the two big questions now are whether mortgage rates will continue to decline and whether that will be enough to bring buyers back in time for the spring selling season.
While the slight drop in rates may not completely invigorate the market, affordability will continue to weigh on it, particularly during the traditionally slower winter months. In November, the number of pending listings fell by 16.5% from October and is down 38% compared to last November. Additionally, new listings, or the flow of existing homes onto the market from sellers, are also down 25.4% compared to the previous year. Many homeowners who may want to sell their homes are being deterred by the higher borrowing costs they’d need to pay on their next home’s mortgage.
The median time on the market is now 22 days, up from a low of six days in March 2022 and double from a year ago. On the other hand, inventory is up 7% year-over-year, the most significant increase since 2018. As a result, those looking for a new home may benefit from motivated sellers, unusual bargains, and less competition.
Despite some challenges in the housing market, it’s essential to keep in mind that there are still opportunities for those looking to buy or sell a home. The recent drop in mortgage rates and the hope for stability in affordability going into 2023 is positive news for those looking to move into the real estate market.
Now is a great time to take advantage of the current market conditions and make your move in the real estate world. Whether you’re looking to buy your dream home or sell your existing property, working with a knowledgeable and experienced real estate professional can make all the difference. As a broker at Windermere Van Vleet, I have the expertise and resources to help you succeed in your real estate endeavors. Don’t hesitate to contact me to discuss your needs and how I can assist you in making your real estate goals a reality.
Click here to see Zillow’s research in its entirety.
Living In Ashland Oregon
Living In Ashland Oregon
It's wonderful to live in Ashland, Oregon, where you can experience nature, culture, and high quality of life in one place. Please come visit us someday!
The picturesque town of Ashland, Oregon, is located in the Pacific Northwest region. It has a rich cultural heritage thanks to its scenic mountain views, vibrant arts scene, and friendly residents. In Ashland, Oregon, an arts community thrives, surrounded by beautiful scenery.
History Lesson
The Donation Land Act and the gold rush in Jacksonville in 1852 negatively affected Ashland, Oregon, and other Rogue Valley towns. Early settlers of Ashland used Mill Creek, which later became Ashland Creek, to see lumber for settlers. An immigrant named M. B. Morris and partners Helman and Emery founded Ashland Flouring Mills in 1854 to grind local wheat into flour. As a result, Ashland Mills became known as the town. Helman became postmaster at the Ashland Mills post office in 1855.
Ashland expanded in the 1860s and 1870s, with schools, churches, businesses, and Ashland Woolen Mills manufacturing clothing and blankets from local wool. Because the Post Office dropped "Mills" from the name in 1871, Ashland's name was changed. In 1872, Reverend J. H. Skidmore founded Ashland Academy, the precursor of Southern Oregon University.
In 1908, the Women's Civic Improvement Club petitioned for a park named Lithia Springs Park in Ashland. It was designed by John McLaren, the landscape architect of Golden Gate Park in San Francisco. The town commissioned McLaren to design Lithia Springs Park. The mineral spa at Emigrant Lake was proposed to draw lithia water from the lake and pipe it to Ashland. Mineral water was sold from the area's springs, even though local taxpayers could not afford the mineral spa. As a result, the plans were abandoned in 1916.
The Oregon Shakespeare Festival has become an internationally-renowned regional theatre since the 20th century, thanks to Angus L. Bowmer's efforts in 1935 to hold performances during the Fourth of July celebration.
Ashland is a densely populated suburb that has become a suburb with a population of 21,138. Restaurants, coffee shops, and parks are among Ashland's many bars and restaurants. The population leans conservatively and provides a highly esteemed school system, and retirees and young professionals live there. In Jackson County, Ashland is continually voted as one of Oregon's best places to live.
DO YOU THINK ASHLAND IS RIGHT FOR YOU? HERE'S WHAT YOU NEED TO KNOW.
WELCOME TO SOUTHERN OREGON'S CULTURAL CAPITAL
Located in Oregon's scenic Rogue Valley, Ashland is Southern Oregon's cultural capital, just 15 miles from the California border. Living in Ashland, Oregon, is simple. It has a friendly, relaxed feel, and locking your doors is more of a personal preference than a must. Because the sun shines 200 days a year, Ashland is a good place to live if you want a mild climate and four seasons.
Oregon's Ashland has cultural amenities to rival the country's biggest metropolises, and its rich art, theatre, and music history keep things exciting. In Ashland, Oregon, you can find dozens of art galleries, the world-renowned Oregon Shakespeare Institute has its campus on the town square, and music is played live all year long.
There are over 20,000 people living in Ashland, so you'll feel right at home. Despite its small-town atmosphere, Southern Oregon University contributes to the town's parks and tourist attractions as a result of its college town character.
Everything from outdoor recreation to arts and culture to fine dining, Ashland has it all and is known for its high quality of life. This city attracts major musicians, independent films, and numerous festivals because art and expression are valued. Everyone can enjoy Ashland's sophisticated amenities as a result of the synergy created by its culture, student population, and tourism.
The Oregon Shakespeare Festival (OSF) is one of the country's finest theatre groups, reinventing Shakespeare and other renowned playwrights, both ancient and modern, in elaborate plays.
Foodies will love Ashland's food scene. The city's quality restaurants and fresh ingredients help establish it as a culinary destination. More than 100 restaurants are found here (unusual for a town of this size), and the climate is perfect for growing crops. Wineries and breweries are also found in Rogue Valley.
A LIFE IN ASHLAND, OREGON, MEANS LIVING IN NATURE
There are lots of parks and open spaces to explore in the City of Ashland, which boasts a well-developed park system. Siskiyou and Cascade mountain ranges border the town, which is surrounded by forests, creeks, and a large lake. More than 41 miles of trails and nearly 1,000 acres of parkland are available.
The park, which surrounds OSF's campus and plaza, covers 93 acres. You can find a magical wooded park here, featuring a clear stream, lush meadows, beautiful landscaping, walking trails, tennis courts, playgrounds, duck ponds, a swimming pool, a Japanese garden, and picnic areas. The park is a wonderful place to shop, dine, see art, and have fun in Ashland's downtown area.
The city of Ashland, Oregon, prides itself on its health and wellness, and outdoor activities are a popular pastime. The majority of its residents enjoy trail running, hiking, mountain biking, skiing (the Mt. Ashland Ski Area is 25 minutes away), water sports, and many other outdoor activities. Year-round outdoor activities and adventures that require significant travel to other areas of the U.S. are accessible to locals.
It is a smart decision to begin a family in Ashland, Oregon, because of its thriving culinary and arts scene and outdoor pursuits. According to Niche, which ranks cities based on housing, education, family friendliness, and diversity, Ashland is 9th in Oregon for education. According to U.S. News and World Report, Ashland High School is usually listed among the country's top ten percent of high schools.
ASHLAND, OREGON, HAS SO MUCH TO OFFER! COME AND SEE FOR YOURSELF!
There may be no better place to live for nature, culture, and quality of life than in Ashland, Oregon. I hope you'll come to visit us someday!
5 Reasons Why You Should Move to Southern Oregon
5 Reasons Why You Should Consider Moving to Southern Oregon
Now may be the perfect time to consider moving to southern Oregon if you’re planning on moving soon. Portland and Eugene are familiar places, but not everyone knows there’s a lot more to the Pacific Northwest. In fact, there are quite a few picturesque small towns in Southern Oregon that are worth exploring. Consider these 5 reasons why you should move to Southern Oregon if you’re looking for some great new living options.
The Environment
South Oregon is green and lush like many other parts of the state. It’s mild and warm, with cool evenings. There are also different microclimates depending on what part of the region you live in, so it’s possible to find a place with the right weather. Furthermore, this is a low-risk area for natural disasters, so you don’t have to worry about earthquakes or floods. Fresh fruits and vegetables are not a rarity here since the climate is conducive to growing a wide variety of crops.
Outdoor Activities for All Seasons
In the Pacific Northwest, Southern Oregon offers endless outdoor opportunities year-round. Hiking, camping, kayaking, fishing, and skiing are available all year round in this region if you love the great outdoors. A number of national parks are also nearby and are great places to visit with family and friends. Crater Lake National Park is just one of many you will fall in love with. There’s also a wealth of smaller water-related activities you can enjoy, like swimming, boating, and fishing.
Food Culture
The Southern Oregon region is home to many amazing artisanal food producers. There is no shortage of delicacies to sample and savor, from cheese to bread to wine. A number of restaurants and cafes serve high-quality cuisine, making eating out a special occasion. You’ll also find that there are a variety of farmers’ markets in this region, where you can buy fresh, locally-grown fruits and veggies year-round. Southern Oregon also has a number of great seafood restaurants, making it easy to enjoy seafood that is both fresh and delicious.
Centrally Located to Major Metros
A great place to live if you like to travel and explore new places but don’t want to live too far away from family and friends. Despite its remoteness, this area is centrally located, making it easy to travel to major cities like Portland, Bend, San Francisco, and Reno. The major cities are within a five-hour drive, making trips convenient and easy. Additionally, this region is close to the beautiful redwood forests of the Northern California coastline.
Small Town Life
Although you may imagine quaint, rural towns with nothing to do, Southern Oregon actually has a number of very small but well-developed and vibrant communities. Towns like these offer everything you’d find in a larger place but are much more manageable. There are great schools, modern healthcare facilities, and opportunities to get involved. The small-town lifestyle is often quieter and calmer than life in a larger city, making it easier for some people to settle in.
Conclusion
Southern Oregon has a lot to offer and is a great place to live. If you’re thinking of moving, this is a region that is definitely worth considering. With a mild climate, endless outdoor activities for all seasons, a thriving food culture, a centrally located proximity to major metros, and a small town lifestyle, there are many reasons why this is one of the best places to live in the U.S. – Does Southern Oregon sound like the change of pace you’ve been looking for? Call OCoyne Properties today to find a home in this PNW wonderland!
Get in touch with me today 541-218-7762 or send an email to mocoyne.realtor@gmail.com .