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Real Estate Numbers Rise for 2013

Existing Home Sales for the nation rose substantially for 2013 giving us the highest numbers that we’ve seen for 7 years.  This is encouraging to say the least, however, many factors still plague our country and the health of our economic recovery.  The United States needs to see more than the 70,000-200,000 private jobs created each month for us to have a strong economic recovery.  It is understood that the national unemployment rate dipped below 7%, but let’s be honest here.   Many people have left the workforce causing this number to look more attractive than it really is.  Many more people need to get back to work and be able to make attractive wages before our economy is not struggling on life support.

Regardless of how our overall economy is, people still need to find homes to live in.  We have witnessed the largest economic correction that the US has had in decades and people still find ways to buy their own home.  This is the resilience and creativity of the American people, which is what should be celebrated.  People are doing what they can to scratch and crawl their way to lending approval because they know the importance of owning their own home.  Taking advantage of the amazingly low interest rates is a strong motivator as well.  Allowing interest rates to rise before locking in that rate will cost a home buyer thousands of dollars over the term of their loan or the time they own the home.  As interest rates continue to rise through 2014, the buyers who are able to purchase now will be the ones creating more of their own wealth over time.  http://data.bls.gov/timeseries/LNS14000000

6121 Santiam Springs Ct. SE Salem, Oregon

6121 Santiam Springs Ct SE
Salem, OREGON 97317
Price: $539,900

6+ Bedrooms, 4 Bathrooms
5943 Square Ft

Listing # 652659

Enjoy the finer things in life! If you seek the privacy of abundant space & your own 900 SF Shop & 2 greenhouses away from it all, then take a close look at this gorgeous property! 7 full bedrooms & 4 baths along w/bountiful living spaces; Formal Dining, Living Rm, Family/Theatre Rm, Bonus Rm & an amazingly oversized 1200 sf 3 car garage relaxing on over 2 manicured acres with a pond make this home a desireable find. There are too many amenities to list so view this one as soon as possible! See MLS 653006.
For additional information about this 5,943 Square Foot, 6+ Bedroom, 4 Bath property located in Salem, Oregon, please fill out the Request More Information form.

 

 

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1360 Hidden Creek Dr NE Keizer, Oregon

1360 Hidden Creek Dr NE
Keizer, OREGON 97303
Price: $245,000

3 Bedrooms, 2 Bathrooms
2183 Square Ft

Listing # 651232

Beautiful home on a peaceful and quiet street in desirable Gubser School area. Tile entry, over-sized formal dining, tile counters in Kitchen that is flooded in light and features a large center island and is open to family room (Entertainment Center stays minus electronics and speakers, matching shelves can stay too). Nice back yard with garden shed and large patio. Tons of storage! Three car garage. Move in Ready and attractively priced. HOA Fee $70.00 in 2011.
For additional information about this 2,183 Square Foot, 3 Bedroom, 2 Bath property located in Keizer, Oregon, please fill out the Request More Information form.

 

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Listing courtesy of WINDERMERE PACIFIC WEST PROP.

 

1430 Bartlett Hill Ct NW Salem Oregon

STUNNING ELEGANCE! Foyer opens to beautiful circular staircase & tall columns separating the formal dining & living rooms. Spacious kitchen opens to informal dining area & FR for entertaining. Kit w/ large island, gorgeous wood cabs, 5 burner gas range, pantry & blt-in desk. Hardwood floors. Lovely master suite leads to total relaxation in the huge Master Bath w/ tile surround jetted tub, lrg shower & a XL walk-in closet. Office w/ blt-in book shelves & matching desk. Util on main. 3 car garage. Cul de sac.

For additional information about this 3,108 Square Foot, 4 Bedroom, 2.5 Bath property located in Salem, Oregon, please fill out the Request More Information form.

 

Click Here for the full listing detail!

6008 Riverdale Rd S Salem Oregon

Beautiful Acreage Home – 4 bedrooms (dual master suites) 2 large bedrooms, 4 full baths, office on the main floor off of the entry, grand cathedral entry, formal living room, wet bar/entertaining big screen room just off of the kitchen, a huge family room, chefs dream with professional kitchen, sub zero refridgerator, refridgerator drawers, warming oven, large walk in pantry, large laundry with not one but two sets of washer/dryers, studio above the garage, large pole out building. Gated entry

 

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209 SE Ironwood Av Dallas, Oregon

Custom build home offers 3326± sq. ft. of great living space. 4 bedrooms, 3 full baths, office/den, large bonus room and more will open your creative mind. Beautiful hardwood floors throughout. Natural gas features include: Fireplace, kitchen range, hot water heater and furnace…(possible for BBQ). Nice kitchen open dining area. Indoor utility room has a utility sink. Large garage with area for 3rd car, shop, or storage. Retractable awning over deck. Excellent space for outdoor activities.

 

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Search foreclosures & short sales in the Mid Willamette Valley!

 

Serving all of your Real Estate needs with Integrity & Compassion!

Brian & Nina White

Paramount Real Estate Services

503-385-1518

brianandnina@old.paramountoregon.com

Statesman Journal Best Real Estate Agents 2011

Paramount Real Estate Services Salem Oregon

Welcome to Paramount Real Estate Services

FHA Loan Limits Looking to Decrease

HUD is planning another shift in loan limits for FHA loans coming this October.  Currently they are set at $295,000 for  our Marion & Polk Counties within the Mid Willamette Valley in Oregon.  Currently FHA requires a down payment of 3.5% of the sales price leaving a potential sales price to be no more than $280,880.00 come this October.  Hopefully this will not have a huge affect on our home sales in this area.  Many of the FHA buyers in this market are purchasing homes below $200,000.  However, you will see that many move up buyers want to take advantage of the FHA backed mortgages with the minimal 3.5% down payment leaving some sellers with homes priced around the $280,000 price range and above in an ever more difficult position to find a qualified buyer.

Like most markets around the country, ours is also flooded with homes priced above $280,000 and it is a difficult task to find a buyer able to put down 20% during these economic times.  Sellers need to look ahead so they are able to position themselves correctly for the coming changes.

Home Buyers Continue to have their cake and eat it too! But they’re not enjoying it!

Home Buyers continue to have so many options in Real Estate, it is just down right sickening.  Sickening to the point that they are so overwhelmed with options that it is not an exciting process for most home buyers.  Simply put, they are faced with a an array of homes available to purchase.  However; these homeowners that they are negotiating with are down right ticked off!  They’re upset that they are selling in the worst Real Estate market in the past 30 years.   Many of these home sellers bought their home in the past 6 years when values were increasing; although hyper-inflated as they were, they are now having to sell.  Sellers are fighting for every dollar and that just doesn’t jive with home buyers expecting this to be the greatest Buyers Market in recent history.  Home Buyers have become what I am labeling “Entitlement Buyers”.  These home buyers feel entitled to negotiate whatever they want, and get upset when they don’t get what they want.  Many of these home buyers are realizing that in our declining market, the home they are purchasing could potentially be worth much less in a few months.

I can’t say that I blame the buyers’ attitudes that has been established over the past 4 years.  Anyone purchasing a home wants to get the best deal in any market.  This market has just emphasized the need to feel that a good deal has been established.  Buyers want to feel that they won.  It is interesting to see buyers pursue an undervalued home listed in this market.  Even if the home is priced 20% below market value and buyers can be competing with other buyers, but none of them are willing to offer asking price.  They just don’t want to pay full price because they won’t feel that they won.  It is unfortunate because we have seen many buyers miss out on some great homes priced below market value.  It is encouraged to take the “feel” out of the home buying process.  Making an intelligent decision usually doesn’t involve emotions.  Emotions often fail you.  It is this position that often rubs home buyers the wrong way.  Home buyers are usually emotional buyers, and unfortunately these emotions will make a great experience taste bitter if they are not put into perspective.