We're bringing you another great interview from our stint at the annual Central Oregon Builders Association Home & Garden Show. This time, Real Estate Revolution is proud to welcome Mike Wilson with Central Oregon Inspection Services.
Mike brings decades of experience to the table as a Central Oregon home inspector, and Kip and him have a longstanding professional relationship. In this interview, he shares his incredible knowledge about all the issues that affect homes in our area, including what's important to worry about - and what isn't important. He also gives advice about choosing an inspector and clues on in on what a high quality inspector brings to the table in a real estate transaction.
The COBA Garden Show took place the weekend of May 6-8, but we recorded a number of interviews live at the show and will continue to post them over the next few weeks.
In this week's episode, Kip interviews two locals whose heads are deep in the dynamics of our broader markets: Bend lender Brad Tawzer of Mortgage Express and Connor McCullough, a certified financial advisor with Northwestern Mutual Wealth Management. Both offer advice for uncertain times and give a go at explaining what's going on in the mortgage industry and in investment markets respectively, and what you can do about it.
On this week's episode, LOHR Real Estate is broadcasting the Revolution LIVE from the annual Central Oregon Builder's Association Home & Garden Show at the Deschutes County Expo Center! This is the first time in several years the event has happened, and it was a lot of fun to have our own booth at the show.
All through the weekend, we interviewed a number of special guests, livestreaming on our Facebook page. We'll be uploading a number of interviews over the next few weeks.
This time, we have Aaron Meyers of Quality Finishers Inc and Diane Belanger of Top Rated Cleaning and Maintenance, another arm of the same company. They talk about their experience as longtime Bend residents, tell us about their business, and give us insights, and offer advice for locals considering a construction project.
Naturally, we also have our weekly market report with the latest numbers.
At Real Estate Revolution, we're all about keeping you up to speed with the latest data on our local markets. Well, with this week's numbers, we're starting to see a definitive shift in Bend and Eugene's markets toward higher inventory and less buyer activity. With that said, prices show no signs for now of going down at all. Kip and Ryan go into detail about the most recent numbers, what the implications are for our local markets, and what it means for you.
The cat is out of the bag - Eugene and Bend are places that people want to be, and an influx of folks moving in from out-of-state is certainly having an impact on our local markets.
Kip and Ryan give an overview of what makes the Eugene/Springfield and Bend/Redmond areas special places to live. They also go into a bit more detail than usual about what's going on in our local markets, and how mortgage rate increases are (or aren't) impacting the dynamic.
We've been talking (and talking, and talking) about how limited housing inventory is in our local markets right now. It's easy to take for granted that this is just the way things are now, but there are members of our communities who are identifying and striving to enact creative solutions to our present housing crisis.
One such person is Dylan Lamar, a local architect and developer focused upon environmentally-sustainable and affordable housing projects. Dylan and Kip talk about Eugene's housing shortage and how the city is planning to address Oregon's SB 2001, a bill that provides new opportunities to construct missing middle housing on formerly single family-zoned lots. Dylan also talks about the projects that he's working on, and how local community members can get involved.
Don't miss it! As usual, we also have a weekly market update for you.
We've already clued buyers in on how to construct a winning offer in our competitive local real estate scene, and we've instructed sellers on the essentials for selling your home and getting the most money possible (and everything else that you want from a sale).
But there's a topic that deserves a more in-depth exploration. Well, several actually, but this week we'll give both buyers and sellers a more in-depth window on the kinds of negotiations that go on behind the scenes leading up to and during real estate transactions.
As agents, we have a duty both to the buyer and the seller to facilitate fair and honest dealings, and we're definitely not talking about dirty tricks. But there -is- room both as a buyer or a seller to try and maximize your leverage. You also need to know when it's better to walk away from a fight that you probably won't win.
So, in this episode, Kip and Ryan give a few real-world examples of negotiation techniques that work. We also have the latest on mortgage rates and an overview of what happened in the Eugene/Springfield and Bend/Redmond markets over the month of March. Oh, and there's also Kip's Tips.
Last week, we interviewed Cat Woodman of Impact Investors about what's going on in investment markets, what individual investors should be doing about it, and her experience as a pioneer in the field of socially-responsible investing. On this episode, we're letting Cat take off her business hat and talking to her about her experience relocating to Eugene from the San Francisco Bay Area toward the beginning of the pandemic. Both her and Kip have some advice for other folks potentially considering relocation. And yes, we've also got our weekly market report, now with updates on mortgage rates as they continue their remarkable ascent.
Over the past few weeks, we've dived into all the nitty-gritty of what buyers and sellers need to know in order to find success in our local markets. It helps to have a sense of the bigger picture, however, which is why we've brought on a very special guest today.
Cat Woodman is a principal advisor and co-owner of Impact Investors, a socially-responsible investment firm, and she gives us the lowdown on how she's helping her clients navigate the uncertain market conditions that we're encountering right now. Kip and her discuss the lessons of the 2008 financial crisis, what it means to be a socially-responsible investor, and - there's more - Cat's experience relocating from the San Francisco Bay Area to Eugene.
Of course, we also have our weekly market update and Kip's Tips. Stay tuned next week for Part 2 of our interview with Cat!
Bend/Redmond and Eugene/Springfield are strong seller's markets right now, with a lot of competition for very, very limited inventory. That means it's going to be easy to sell your home, right? Well, yes and no.
Finding a buyer for your property probably isn't going to be too tricky. But you don't just want to sell your home: you want to get the most money possible. Hopefully, it isn't spoiling too much to say that the number one most important factor in getting the maximum return on your investment is - don't overprice your home. We discuss that and other pitfalls to avoid, both in the process leading up to putting your home on the market and leading up to closing.
Of course, we have our usual weekly market report with all the latest data and another installation of Kip's Tips where he talks about the pitfalls of relying on automated online property values.
In our past couple of episodes, Kip and Ryan talked about what it takes in order to get into contract successfully. There's a lot that goes into the process of making an offer - but there's even more that happens once both parties have signed on the dotted line.
It's easy to take the escrow process for granted, but this is an area where you (and your real estate team) need to be on top of things. We go through the entire process step-by-step with an industry pro, Kelli Bachofner of Western Title and Escrow. You'll learn more than you thought you ever wanted to know, and Kip also has some of his patented Kip's Tips, this time for sellers - "Don't overestimate your worth."
Of course, we start this week's show with our weekly market update, this time with an overview of the market data for all of February.
We know that you know: the market is super tight right now, and even if you're offering well above list price, it's hard to get an accepted offer. Luckily, we've got some tips on how to succeed in today's ultra-competitive real estate scene. Kip and Ryan continue their conversation from the previous week and offer specific guidance on all the ways that you can make your offer stand out above the rest. We've got advice on how to decide the amount you're actually willing to offer, ways that you can sweeten the pot without having to give up too much, how your agent can get the inside scoop on what sellers actually want, and much, much more. Of course, we'll also present our weekly market update as well as Kip's Tips.
We've talked a lot already about how competitive Bend and Eugene's markets are for buyers. Inventory is super low and getting lower, and prices are sky-high and getting higher. Even if you can afford a home here, you're most likely going to be in competition with at least a couple other buyers - and maybe ten, fifteen, twenty or even more.
So, what does it take to make an offer that's appealing to a seller? Offer price is a big part of it (no surprise there) but there are a multitude of other considerations. What process do you need to go through in order to be in a position to make a winning offer? What are the widgets that can push your offer over the top? And what kind of extra footwork can your agent do to help make sure the seller's agent is in your court?
This is a big discussion, so Kip and Ryan will cover all the bases over our next two episodes. When you're in a competitive offer situation, no detail is too small. Don't worry, though - we'll give you an overview of just about everything you need to consider.
Following on the heels of our last episode, we take a look at how the lending environment might change in 2022, interviewing local expert Brad Tawzer of Mortgage Express. How might federal interest rate hikes translate (or not translate) into mortgage rate increases? How will that affect the bottom line for buyers? And while interest rates are an important factor in determining affordability, what are the other puzzle pieces buyers need to put together in determining what they can afford and who they should work with as a lender?
Kip closes the show by outlining good reasons that buyers should strongly consider working with a local lender. Our theme lately has been "competition," and obtaining local financing is becoming an increasingly important part of making a competitive offer. Find out why on this week's Revolution!
Welcome to the inaugural episode of the new Real Estate Revolution! Our host, Kip Lohr, and guest Ryan Neal give the 411 on what's been going on in the Bend/Redmond and Eugene/Springfield markets during the month of January 2022 before pivoting to an analysis of what's in store for the rest of 2022.
Is there a real estate bubble that's due to pop? Are prices going to keep going up, or will they go sideways or even down? Which price points will see the most action in 2022? What do buyers and sellers need to keep in mind?
Kip closes with tips for buyers on submitting a competitive offer in today's crazy market. We'll have more tips, interviews, and insights in the weeks ahead - stay tuned for the next Real Estate Revolution!