5 Things Homebuyers Need To Know When Making an Offer

5 Things Homebuyers Need To Know When Making an Offer | MyKCM

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re ready to make an offer.

1. Know Your Numbers

Having a complete understanding of your budget and how much house you can afford is essential. That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. Taking this step shows sellers you’re a serious, qualified buyer and can give you a competitive edge in a bidding war.

2. Brace for a Fast Pace

Today’s market is dynamic and fast-paced. According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for just 17 days – that means from start to finish, a house for sale in today’s climate is active for roughly 2.5 weeks. A skilled agent will do everything they can to help you stay on top of every possible opportunity. And, as soon as you find the right home for your needs, that agent will help you draft and submit your best offer as quickly as possible.

3. Lean on a Real Estate Professional

While homebuying may seem like a whirlwind process to you, local real estate agents do this every day, and we know what works. That expertise can be used to give you a significant leg up on your competition. An agent can help you consider what levers you can pull that might be enticing to a seller, like:

  • Offering flexible rent-back options to give the seller more time to move out
  • Your ability to do a quick close or make an offer that’s not contingent on the sale of your current home

It may seem simple, but catering to what a seller may need can help your offer stand out.

4. Make a Strong, but Fair Offer

Let’s face it – we all love a good deal. In the past, offering at or near the asking price was enough to make your offer appealing to sellers. In today’s market, that’s often not the case. According to Lawrence YunChief Economist at NAR:

“For every listing there are 5.1 offers. Half of the homes are being sold above list price.”

In such a competitive market, emotions and prices can run high. Use an agent as your trusted advisor to make a strong, but fair offer based on market value, recent sales, and demand.

5. Be a Flexible Negotiator

If you followed tip #3, you drafted the offer with the seller’s needs in mind. That said, the seller may still counter with their own changes. Be prepared to amend your offer to include flexible move-in dates, a higher price, or minimal contingencies (conditions you set that the seller must meet for the purchase to be finalized). Just remember, there are certain contingencies you don’t want to forego. Freddie Macexplains:

Resist the temptation to waive the inspection contingency, especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”

Bottom Line

When it’s time to make an offer, it’s important to consider not just what you need, but what the seller may need too. Let’s connect so you have expert advice on this step in the homebuying process to put your best offer on the table.

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Simply the Best Real Estate Company in the Willamette Valley

We are proud to announce that we have been awarded Gold Best Real Estate Company for Best in the Willamette Valley! It is an honor to be represented alongside other businesses and organizations that have demonstrated their excellence in 2021. At BST Realty LLC, we strive to provide simply the best service. We’d like to express great appreciation for our talented team, our wonderful clients, and our community. The buying and selling of a home is a very important life milestone, and it’s a privilege to be there to support the dreams of our clients.

Simply the Best Real Estate Company in the Willamette Valley

Thanks to Our Brilliant Team

It’s because of our amazing team and leadership that we are able to achieve this level of excellence. Our brokerage started out as a small partnership and has grown into a flourishing local business. Lisa Santana, the owner and principal broker of BST Realty LLC serves as a leader and mentor that continually demonstrates greatness and support to her agents. It is with great thanks to our office managers Michael Kemry and Brittney Black, who also provide simply the best service and mentorship to our agents. We also want to thank Uriel Santana and Jenna Robles for providing top-notch service with our growing business in property management. Of course, it’s our entire team of agents that truly shows the strength of our community. We are here for one another, be it to help with questions or to celebrate each other’s successes.

Thanks to Our Amazing Clients

We also celebrate this wonderful success with none other than our clients. You are one of the big reasons why we strive to provide simply the best service. We love to be there at every step of the way for you in your real estate journey. Our community is so important to us, and we love to support it. Because we are stronger together. At BST Realty LLC, we are so excited for what the future holds. If you’re thinking about buying or selling real estate, we’re here to help get to that milestone and then some. We are honored to be simply the Best in the Willamette Valley. And, we are here to serve you to make your dreams a reality!

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Steps Toward Homeownership

At BST Realty LLC, we make sure that our clients understand every step in the real estate process. So, if you’re a first-time home Buyer that’s a bit nervous about making the first steps toward your goal in homeownership, we are right there with you. It’s a bit like a hike. If you’re new to the trail, you may be a bit more cautious with how you approach it. And, that’s perfectly natural.

New to Real Estate?

Being new to real estate, you may have the same kind of feeling. If you have questions about home values, lenders, and inspectors, we’ll help guide you. It’s just part of the job, and we genuinely love helping people. We enjoy connecting our clients to resources that will help them in the long run. The steps toward homeownership can be both a learning experience leads to amazing growth and possibility.

Steps Toward Homeownership

Experienced with Big Goals in Mind?

That also goes for Sellers who may have had more experience with homeownership. We have well-versed and experienced agents to help make sure that you achieve your goal. Our agents are known for being fierce negotiators as well as good at empathizing with tough situations. We get it, a house is a place that many life milestones and memories are made. The more time and energy you spend in a home, the more connected you feel to it. And, we want to be there for you to make sure you get the value you want out of your home.

When it comes to buying or selling, we have expert agents ready to help you. We want to make your life not only easier with the real estate process, but also more enjoyable. If you’re thinking of buying or selling real estate, we are simply the best at providing stellar service to our clients. In fact, you can access those brilliant reviews on our website to see for yourself. Let’s get started on this journey together and make your real estate dreams become a reality.

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Keizer Office Updates

At BST Realty LLC, we are here to help you navigate the real estate process. We understand that a lot has to do with the location, that’s one of the reasons we have this great map painted in our Keizer office. It’s a reminder that location is important, and that we are a part of a wonderful community. In fact, a local artist from Pier Designs painted this mural, because we also love supporting our community, too.

Our beautiful map of Keizer!

You may have also noticed some construction going on with our Keizer Office as well. We finished up making our parking lot even more accessible. We value accessibility and making sure that our clients are able to connect with us easily. Not only that, but it makes for more room, since our local business is growing…in part thanks to you! Whether you’re a Buyer or a Seller, we are here to best serve you and your real estate needs. Our talented agents come from a wide variety of specialties. Perhaps you’re a first-time home Buyer and wanting to learn more about the process. We’ve got you covered. Maybe you’re looking to move out into the countryside with some acreage, we also have agents who specialize in that, too. If you’re looking to invest, we have agents with a vast amount of experience to help you.

It’s a great time to explore buying or selling real estate in this hot market. The Willamette Valley is quite a gem, so we understand why the market has been strong and holding. We are here to support Buyers in this strong Sellers market, and we are also experts at supporting Sellers in their goals of selling their home. We will meet you wherever you may be in the real estate process, and make sure you are getting simply the best service to make your real estate dreams come true. Give us a call, and let’s start this adventure together!

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Willamette Valley

A home is a place where many moments happen. It’s also a launch pad for exploring the neighborhood, and beyond. A home can be so many things all wrapped up into one. At BST Realty LLC, we are here to help guide you at every point in the journey. We invite you to “stop and smell the wildflowers” with all that the Willamette Valley has to offer.

Willamette Valley
What are your favorite places to venture in the Willamette Valley?

At Home in the Willamette Valley

The Willamette Valley is a wondrous place. Situated just east of the coast and west of the high desert. With Portland not far, and more beautiful forests and waterfalls to discover when heading south. The Willamette Valley is known for it’s temperate rain forests, award-winning wineries, and much more. At BST Realty LLC, our agents are experts at knowing this area. And, we work hard to make sure you succeed in whatever goals you have set in real estate.

If you’re a first time home Buyer, we have agents who will gladly take the time to help you better understand the home buying process. Especially with the climate that Buyers experience today. You must be able to seek out the best ways to make your offer shine amongst the others. At BST Realty LLC, we are simply the best at serving you and your needs. If you’re a Seller, we also have agents who are well-versed with making your home have the best first impression. In order to help ensure that the best outcomes to the goals you may have.

We know that the Willamette Valley is such a special place. And, our agents are here to best serve you. Whether you’re a Buyer or a Seller, we’ve got you covered. If you’re thinking about real estate, give us a call! Let’s begin the journey together to make your dreams in real estate become a reality.

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6 Reasons to Celebrate National Homeownership Month

6 Reasons to Celebrate National Homeownership Month | MyKCM

Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home.

Non-Financial Benefits:

1. Civic Participation: Owning a home is owning a part of your neighborhood. Homeowners have a stronger connection to their neighborhoods and are more committed to volunteer work and other ways to get involved.

2. Pride of Ownership: Owning a home is having a space that is uniquely yours. You can customize it to your personal liking and make it reflect your personality and values.

3. A Safe Space: Owning a home gives you a sense of security and privacy – two things that have become even more valuable as we’ve tackled the challenges of the recent health crisis.

Financial Benefits:

1. Forced Savings: Owning a home builds equity. Your equity grows with each payment you make toward your mortgage. This form of forced savings can be used down the road to help you accomplish your biggest financial goals.

2. Appreciation: Owning a home is making an investment that steadily gains value, and experts project home values will continue to rise in the years to come.

3. Stability: Owning a home means having better control over your future housing payments. Over the years, a mortgage stays relatively steady, but rent costs continue to rise.

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Meet Alisha Burk

Meet Alisha Burk! Alisha is one of our fabulous agents at BST Realty LLC, and we are so proud to have her on our team. Alisha was born and raised in Silverton, so she’s an expert of what the Willamette Valley has to offer. Her background in the medical field had a common thread that she applies to real estate now. She genuinely loves helping people thrive and reach their goals.

Meet Alisha Burk
Alisha loves helping her clients reach their real estate goals!

Alisha chose the path in real estate because it checked all the right boxes. First, she wanted work that had flexibility. Another reason is it allowed her to help people with important milestones in their lives. Alisha calls them, “life monuments.” Those times when there are important decisions to be made that can also be life-changing. She enjoys helping her clients understand the entire real estate process. This means providing a foundation from which to start from. From helping first time Home Buyers to navigate new territory, to Sellers envisioning what they want out of there home, Alisha is there to support her clients. And, of course, she loves being there to celebrate their successes!

Alisha with her beautiful family.

In addition to real estate, Alisha likes spending time with family and friends. She loves the outdoors and frequently visits Detroit Lake with her husband and two little girls. Camping and boating is a favorite pastime of hers.

The buying or selling of a home is a huge milestone in one’s life. And, Alisha understands that fully. She will be there for her clients at every point in the real estate journey. Alisha felt like she chose the “perfect place” when choosing to be an agent with us. And, BST Realty LLC, we are so thankful to have her on our team. Whether you’re a Buyer or a Seller, Alisha the agent that will help you succeed in your goals and beyond.

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Don’t Forget to Budget for Closing Costs

Don’t Forget to Budget for Closing Costs | MyKCM

When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important.

What Are Closing Costs?

According to Trulia:

When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insurance, origination fees, underwriting fees, document preparation fees, and more.”

For example, for someone buying a $300,000 home, they could potentially have between $6,000 and $15,000 in closing fees. If you’re in the market for a home above this price range, your closing costs could be greater. As mentioned above, closing costs are typically between 2% and 5% of your purchase price.

Trulia gives more great advice, explaining:

“There will be lots of paperwork in front of you on closing day, and not enough time to read them all. Work closely with your real estate agent, lender, and attorney, if you have one, to get all the documents you need ahead of time.

Budget for Closing Costs

The most important thing to read is the closing disclosure, which shows your loan terms, final closing costs, and any outstanding fees. You’ll get this form about three days before closing since, once you (the borrower) sign it, there’s a three-day waiting period before you can sign the mortgage loan docs. If you have any questions about the numbers or what any of the mortgage terms mean, this is the time to ask—your real estate agent is a great resource for getting you all the answers you need.”

Bottom Line

As home prices are rising and more buyers are finding themselves competing in bidding wars, it’s more important than ever to make sure your plan includes budgeting for closing costs. Let’s connect to be sure you have everything you need to land your dream home.

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Meet Brittney Black

Meet Brittney Black! Brittney is one of our wonderful agents who has been with us since the very beginning. She grew up in the area, so she’s able to provide an in-depth perspective of what the Willamette Valley has to offer. Brittney’s style is laidback, however, she will fiercely negotiate for her clients if the situation presents itself. She also listens carefully to her clients to make sure they are on the home path that’s best for them. Brittney is a person you want to call when you’re thinking about real estate.

Brittney awarded Top Producer!

When the brokerage began, Brittney was right there to help assist in laying its foundation. She was able to observe how the whole system works as an office assistant. She was a licensed massage therapist also at the time, and realized that a career in real estate was the right pathway for her. It combined flexibility and a way to continue helping people. When out with clients, Brittney truly listens to her clients to make sure they are getting what they want. This means presenting multiple options in homes at times, that way her clients get a better idea of what their dream home may be.

Celebrating with her clients in front of their new home!

Giving Back to Community & Family Time

Outside of real estate, Brittney enjoys giving back to her community and spending time with family. She is the Vice President of Silverton Kiwanis, which includes raising funds for the Dolly Parton Imagination Library program, helping out with the Pet Parade, and more. Brittney is also Vice President of the Silverton Chamber of Commerce where she is focused on helping Silverton’s small businesses thrive. Brittney also loves spending time with her baby and husband as well as meeting her grandpa for lunch. Of course, there’s also camping and going out on the dunes. Not only that, but wine tasting is a fun treat that her family partakes in from time to time. Fitness is also a huge part of Brittney’s life, and she won a body-building competition in 2019. Family, nature, wine, and fitness are the perfect balance of enjoying what life has to offer.

Brittney enjoying some family time.

Brittney expertise in the Willamette Valley and her loyalty to her clients make her a must-call. She helps her Buyers find the place that will fit their lifestyle and needs by being a good listener. And, with Sellers, she helps them present their home so it can shine and get the best offers. She will be with you at every step of the real estate journey. We are so happy to have Brittney as an integral part of our team at BST Realty LLC. Give Brittney a call, and start your real estate adventure!

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Just Being Neighborly

Mister Rogers is the type of guy you may like to have in your neighborhood. How do you experience the kindness of neighbors? Is it through a welcoming sign in their yard? It could also be how they’ve planted some gorgeous flowers that may brighten your day. Perhaps it’s the neighbor down the street that’s selling local honey. Or, a neighbor that keeps an eye on your home while you’re on vacation. There are so many ways to experiencing a home. And, one way is your neighbors. Just being neighborly is sometimes just the way to be. It helps cultivate community and grow stronger relationships.

Sometimes a sign in a neighbor’s yard serves as a reminder to be kind to one another.

At BST Realty LLC, we value community. It starts at the root of who we are. From mentoring agents to taking special care of our clients. It expands outward into the greater community as well. We love supporting local businesses because those are the people who live in our community. And, we are stronger when we support one another. We also help support valuable organizations like SACA, Active Heroes, After School Activities Program – Silverton, Shangri-La, and Keizer Community Food Bank. Because we believe that helping others is a duty and privilege. In fact, it’s a bit like Mr. Roger’s neighborhood.

We feel like it’s as simple as just being neighborly in our community. And, giving to others also is a way of giving back to oneself. We are also are a proud affiliate of the Homes for Heroes program, which is designed to help people who give so much to our communities as well.

The Homes for Heroes program helps people like teachers, health care workers, and veterans save a bit of money when it comes to the buying and selling of a home. It makes sense to help support people that have helped educate our little ones and keep us safe. If you’re a Buyer or a Seller, we are here to help you at every point in the journey. Because, quite simply, we care about serving our clients in simply the best way possible.

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