List Your Home Before Spring!
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Snow and ice aren’t the only historic things in Portland’s forecasts this winter! While spring and summer are our typical “busy” buying and selling seasons, there is a unique change happening in Portland real estate RIGHT NOW which can make for a different “perfect storm” —or in this case, the perfect opportunity to sell your home!
Inventory is low, low, low!
The number of homes on the market right now is at an all-time, historic low! This creates a unique opportunity for increased buyer demand in viewing and vying for homes. It’s never been more important to have a strategic professional on your side advocating to help you WIN.
If you’re a seller, stay on your toes because this low inventory market is creating multiple offers above asking price along with other seller-favored offer terms! We’re seeing it happen with our listings and are encouraging other sellers to take advantage of this strong seller’s market!
Less competition for sellers!
With low inventory comes less seller competition. Many sellers are still of the mindset that spring and summer remain the best home-buying seasons, but selling this winter will give you an edge over sellers who are waiting to spruce up and show off their yards in bloom.
Buyers are interested in the here and now – and there are plenty of them looking to get into homes of their own! With internet at the forefront of our lives, buyers are browsing listings from their phones and computers before setting up in-person showings, making it easy for them to shop year-round regardless of the weather. However, As the weather warms, market inventory will increase with new listings, which could mean less desirable prices and terms on your sale and more competition if you wait.
You can’t beat the current mortgage rates!
Another historic happening for our current real estate market is low mortgage rates – as low as the upper 2% range! As a result, potential home buyers are realizing this means they have more buying power and are more motivated than ever to buy. Time is of the essence because these low rates aren’t going to last forever. Sellers are also benefitting from the number of highly motivated buyers in our market!
BUILDING UP BRIDGE CITY BUSINESSES
Here is a local business that we think you should know about!
Vagabond Brewing
2715 SE 8th Ave #175 | Portland, OR 97202
Founded by three longtime friends and Marine Corps combat veterans, Vagabond Brewing is as much about beer as it is about love and family. After serving their country for the better part of a decade, these brothers-in-arms set out to find their path, a journey that took them to all corners of the globe, leading them to discover love, adventure, and the essence of the human experience...oh, and BEER!
Southeast Portland's newest brewpub, Vagabond Brewing has it all - from a full food and drink menu and family-friendly atmosphere to an airplane. (Yes, really!) Learn more about Vagabond Brewing by giving them a follow on Instagram and stopping in for a drink or bite!
