For Buyers & Sellers
Oregon First, Realtors® & Washington First Properties
There are numerous online resources for determining the value of a house — and they can be a good starting point. However, keep in mind that each home is unique, even if it sits in a neighborhood of similar properties. An impersonal algorithm can offer only a very general picture of its true market value.
Get the most recent numbers from the Regional Multiple Listing Service’s “Market Action” report that comes out mid-monthly and is e-mailed to all member Realtors®. This is data specific to our market, and drills down into particular cities and neighborhoods so it’s much more accurate than the national and regional reports you find in most media reports.
The average rate on the popular 30-year fixed mortgage is currently 5.33%. This is a fairly significant increase from when rates fell as far as 5.13% last Friday, but still much lower than last Wednesday's 5.54%. Last week's initial slide in mortgage rates came after a negative GDP report and the Fed's latest interest rate hike, leading investors in mortgage-backed securities to have more faith that inflation will be tamed. To put current rates in perspective, the 30 year fixed rate in 2010 was 4.69% and ten years before that, it was 8.05%. If we go all the way back to 1981, the rate was a whopping 16.63%!
When considering serious remodeling projects, make sure you understand the limits of the return on your investment. Most projects aren’t going to pay for themselves unless you’re bringing the property up to buyer expectations or doing repairs the buyer’s lender is likely to require. We can help you decide which projects are likely to be demanded by the market given the price you’re seeking.
Obtaining a professional home inspection is the single most important thing a buyer can do for their protection. A professional home inspection report will provide the buyer with detailed information about the home’s physical condition, its systems and fixtures and usually note any potential future problems.
Every Oregon First listing includes a link to detailed information on schools in that area, including test scores and ratings by parents and educators. In addition, the Oregon Department of Education produces yearly report cards for all schools and districts.
Every Oregon First listing also includes a link to the property’s Walk Score, which can be a great way to learn more about the property’s neighborhood. We even have a Map function which allows you to walk the neighborhood without leaving your computer!
Useful sites and information about veterans loan programs, first time buyer classes, credit score information, how to protect yourself from loan fraud, and more.
Homes come in all shapes and sizes. Traditional homes are still the norm throughout North America, but as technologies get better, and more and more buyers look for alternative options and more sustainable materials, unconventional homes grow in popularity with new and seasoned buyers alike. Check out some popular unconventional homes below!