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.
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!
The warmer days mean more fun in the sun! In the Willamette Valley, we have so many wonderful outdoor activities to choose from. It could be experiencing the old-growth forest at Silver Falls State Park or a park for your kiddos to play. Keizer has some great play areas for families to join. One playground that’s a bit off the beaten path near Keizer Rapids is called Spong’s Landing County Park. There, you’ll find some nice picnic areas as well as a nature-themed play structure for the kids. Finding fun activities nearby is just one part of the home search puzzle. And, at BST Realty LLC, we have offices in Keizer and Silverton to better serve you.
Gems of the Willamette Valley
In the Willamette Valley, there are so many hidden gems. Our agents are here to help you find the gem you and your family are dreaming about! While you’re searching for a home, it’s also good to get the lay of the land. This means, exploring what’s nearby. Luckily, there are so many things to choose from. There are watersports for when it gets even sunnier out and you’d like to take the family out on a boat. Or, how about visiting a lovely vineyard like Cristom Vineyards that is known for being #1 when it comes to an Oregon pinot noir many years in a row. Whether you are into the outdoors or tasting a fine wine, the Willamette Valley has so many fun activities nearby.
Our experienced agents have got you covered. At BST Realty LLC, we listen to our clients and find the best way of getting to where they want to be. Whether you’re a first-time home buyer or a seller, we are here to provide the best service. We believe in being a resource for our clients and are here to help you at every point in the journey. So, give us a call, and let’s begin exploring what possibilities are out there for you and your family!
Spring is knocking at our door, so some of you may be thinking about getting outdoors with the weather warming up. Keizer has many wonderful places for fun activities, and this includes Keizer Station that has so many shopping options. One of which includes REI for much of your outdoor needs. At BST Realty LLC, we have an office in Keizer to also best serve you. If you’re shopping around for simply the best in real estate, we’re your go-to local business. Please stop on by, so we can help you in the buying or selling of your home.
REI is just one of the many places to explore at Keizer Station. If you’re looking for a great pair of hiking shoes, the sweet paddleboard for summer, or just simply updating your tent gear in prep for some family vacations…REI is a great place to start. Keizer Station has a nice outdoor mall feel. It has a wide range of stores like Old Navy and Michael’s for crafting. That means you can also update your wardrobe while getting your knit on! And, if you are looking for some good eats, there are so many great restaurants to choose from. This includes Chipotle for a quick bite or Hops’n’Drops for enjoying a cold brew.
At BST Realty LLC, we are experts at knowing the area. This means, if our clients are looking for specific city amenities that are close by, then we’ll pay close attention to that and make sure they get all the boxes checked on their dream home. Whether you’re buying or selling, at BST Realty LLC, we listen. We make sure we take care of all the details so that the real estate process is not only smooth but as enjoyable as possible for our clients. Give us a call, and let’s get you to where you and your family want to be.
Meet Michael Kemry, one of our awesome agents, and who has an entrepreneurial style and demonstrates versatility and care for his clients. Michael is also the Manager at the Keizer Office and likes being able to grow a new office and cultivate his business. He also enjoys helping new agents learn the ropes to be successful in real estate. Michael has a wonderful family. His spouse, Johanna, works on the front lines in the COVID unit at Salem Hospital. That means Michael understands not only how to navigate the world of real estate, but also take the right safety precautions, and what it truly means to be an essential worker. We thank you, Johanna, for the incredible work you are doing. And, Michael, we are thankful to have you around to offer your leadership with our growing team!
Leadership and Community
Michael grew up in a family that had investment properties. He is was aware of how real estate can help benefit families first-hand. This is where he received some of his entrepreneurial spirit. Later on, Michael managed Petsmart in Salem, and learned some of the other leadership skills that he uses today. However, while managing the Petsmart, he began to realize with a growing family that he’d like to have more flexibility to be with them. That’s where the idea of real estate became more clear. The mix of being able to grow his own business while also being present for family seemed like a wonderful pairing. So, he got his license and began his career in real estate.
This flexibility also allowed Michael to pursue other things being on the board at Shangri-La, of which he now the Vice President. Shangri-La is a non-profit organization specializing in, “helping individuals with disabilities and families with disadvantages recognize and achieve their potential.” He grew up with people who had mental disabilities. He finds this community-based volunteer work rewarding.
Serving Client Needs
Since spring, Michael has become more adept at meeting with his clients virtually as well as utilizing technology to both showcase listings and provide more valuable information to his buyers about homes on the market. He has adjusted his business well and takes important safety precautions. For example, Michael has made it a priority to limit the amount of in-person meetings while still being personable with his clients. He also does 3D or video tours for his listings in order to fully show all the home has to offer to increase buyer interest.
We are proud to have Michael as a part of our team, and we are also an affiliate with the Homes for Heroes program, which may help provide savings to essential workers just like his wife, Johanna. At Bledsoe Santana Team Realty LLC, we are a community of people who care about our clients and bring the utmost experience to the table. If you are interested in buying or selling real estate, we are here help serve you and your unique needs. As Michael puts it, “One of the most rewarding things is helping people through a stressful time. It’s my job to worry about things. I’m here to shoulder the stress of the situation.” We couldn’t agree more. Let’s take that journey together in real estate and make some amazing things happen!
Real Estate Will Lead the Economic Recovery. With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process.
“Mortgage demand from home buyers shows unexpectedly strong and quick recovery…The quick recovery has surprised most forecasters.”
Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy of the National Association of Home Builders (NAHB) says:
“Overall, the data lend evidence to the NAHB forecast that housing will be a leading sector in an eventual economic recovery.”
One of the big reasons why housing has the potential to be such a driving force is the significant impact it has on the local economy. This impact is particularly strong when a newly constructed home is built and sold. According to a recent study by the National Association of Realtors (NAR), the average new home sale has a total economic impact of $88,416. As outlined in the graphic below, this is a combination of income generated from real estate industries, expenditures, and new home construction.With so many unknowns today, especially in the wake of a worldwide pandemic, one known factor is the bright spark the housing market can play in local and national recovery. Buying and selling a home goes well beyond personal growth and satisfaction – it supports our economy as a whole.
According to experts, the economy will begin to recover in the second half of this year. With real estate as a driver, that recovery may start sooner than we think.
Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey
When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough for buyers to land their dream homes – unless they stand out from the crowd. Here are three reasons why pre-approval should be your first step in the homebuying process.
1. Gain a Competitive Advantage
Low inventory, like we have today, means homebuyers need every advantage they can get to make a strong impression and close the deal. One of the best ways to get one step ahead of other buyers is to get pre-approved for a mortgage before you make an offer. For one, it shows the sellers you’re serious about buying a home, which is always a plus in your corner.
2. Accelerate the Homebuying Process
Pre-approval can also speed up the homebuying process, so you can move faster when you’re ready to make an offer. In a competitive arena like we have today, being ready to put your best foot forward when the time comes may be the leg-up you need to cross the finish line first and land the home of your dreams.
3. Know What You Can Borrow and Afford
Here’s the other thing: if you’re pre-approved, you also have a better sense of your budget, what you can afford, and ultimately how much you’re eligible to borrow for your mortgage. This way, you’re less apt to fall in love with a home that may be out of your reach.
Freddie Mac sets out the advantages of pre-approval in the My Home section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”
Local real estate professionals also have relationships with lenders who can help you through this process, so partnering with a trusted advisor will be key for that introduction. Once you select a lender, you’ll need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”
Freddie Mac also describes the ‘4 Cs’ that help determine the amount you’ll be qualified to borrow:
Capacity: Your current and future ability to make your payments
Capital or Cash Reserves: The money, savings, and investments you have that can be sold quickly for cash
Collateral: The home, or type of home, that you would like to purchase
Credit: Your history of paying bills and other debts on time
While there are still many additional steps you’ll need to take in the homebuying process, it’s clear why pre-approval is always the best place to begin. It’s your chance to gain the competitive edge you may need if you’re serious about owning a home.
In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 2019.
“Millennials are the most likely generation to be making plans to purchase a home within a year (19%), followed by Gen Z (13%) and Gen X (12%)…Prospective buyers in the youngest two generations are primarily first-time buyers: 88% of Gen Z buyers and 78% of Millennial buyers are reaching out to homeownership for the first time in their lives.”
With a high demand from first-time homebuyers and a shortage of inventory in the current market, selling your existing home this year might be your best move. Why? Because when homebuyers begin their search, they’re not all looking for new construction. Many are eager to find a little charm and character in a place to call home – possibly yours.
In fact, according to the same study, there is a significant demand for existing homes:
“In terms of the type of home these prospective home buyers are interested in, 40% are looking to buy an existing home and 19% a newly-built home. The remaining 41% would buy either a new or existing home.”
With showing activity up among buyers and more new construction coming to market, as a homeowner, you have the opportunity to sell your existing house now and move up into a new one, or downsize into a home that better fits your current and ever-changing needs.
Not all buyers are looking for a newly built house. If you’re ready to take advantage of low mortgage rates and a high demand for your existing home, let’s get together to determine how we will market the charming details of your current house to potential buyers.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
The housing market will be defined by three things…
This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There aren’t enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.
Based on what is forecasted, we know that interest rates are projected to remain low
Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020. Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing market. The challenge will be understanding what is actually happening and how you can best position yourself if you are thinking of buying or selling your home.
Here are several perspectives to consider on the inventory issue facing housing next year:
“Despite increases in new construction, next year will once again fail to bring a solution to the inventory shortage that has plagued the housing market since 2015. Inventory could reach a historic low as a steady flow of demand, especially for entry level homes, and declining seller sentiment combine to keep a lid on sales transactions.”
“Inventory has been falling annually for five straight months, after it recovered slightly toward the end of last year, due to a spike in mortgage rates. Rates began falling again by spring of this year. Homebuilders have been increasing production slowly, but it’s not enough to meet the increasingly strong demand.”
“As millennials — the largest cohort of buyers in U.S. history — embrace homeownership and take advantage of this year’s unexpectedly low mortgage rates, demand is outstripping supply, causing inventory to vanish. The housing shortage is felt acutely at the entry-level of the market, where most millennials are looking to break into the market for their first home.”
The most important thing you can do is understand what is happening in your local market. You may not be able to avoid some of the issues brought on by low inventory, but you can be educated and prepared. Let’s connect and discuss the options that make the most sense for you and your family.
Having a real estate broker is like having an opinion – virtually everybody has one. And like a good tenant for owners of investment properties, good real estate brokers are gold.
How do you select a good one? Ask your friends, family, co-workers, your title company friend, your mortgage broker, and the person next to you at Denny’s. Ask the Chamber of Commerce. Look at the signs around town – who is listing the most homes? Usually there is a reason for that. Ask around on Social Media but keep a wary eye on the responses. It is a bit funny when someone asks for a local broker with a great reputation, and a respondent gives a name from a city 40 miles away. See the first line – “virtually everybody has one.” That doesn’t necessarily mean they are putting forth the best agent for you in that local area. It might mean they are recommending their daughter, their golf partner, or someone who sends them a lot of home loan candidates.
Our best advice? Interview a few, perhaps three. Who is on time? Who understands technology? Who listens after asking you what is important to you? Who lets you get a word in edgewise, and encourages you to wax philosophical about your real estate dreams? With which one do you feel most comfortable? Who is most candid, telling you that your $300,000 home is not actually worth $400,000 like your mom said? Which real estate broker will tell you to see a lender and give it several months of following their sage advice to get your 540 credit score up by paying all your bills on time and reducing your use of credit to 30% or less of your credit line? Which one has the most impressive, user-friendly webpage and doesn’t dabble in silly stuff on Facebook? Which one has a contemporary view of the current market, and can move easily between data and pleasantries?
Most importantly, which one does what they say they are going to do in the timeframe they said they would do it, and with the quality they promised? Are their presentation materials professional? Did they ask you how you would like to receive the information as to the estimated value of your property in today’s market? If you asked for a one-page summary did, they give you 50 pages of glitz? If you asked for all the bells and whistles with 50 pages of glitz, did they call you and give you a verbal estimate?
“…In the world of real estate brokers, what sets the best from the rest is relatively simple – service that at least meets if not exceeds your expectations….”
Testimonials are a good way to help you decide which real estate broker is the best fit for you. Most agents will have several on their web page, and if you are lucky, you may know those who “testify”!
The ideal brokerage is one that has someone there for you. Our belief is that anyone walking into one of our three offices is going to find someone that fits them like a warm glove on a cold winter day. Maybe it is the millennial who lives and breathes technology. Maybe it is the Boomer who has been successful for years and is only now discovering the power of Tweets. Maybe it is the person who genuinely enjoys working with seniors who wish to downsize or the veteran who knows what it takes to help those who serve (or served) get their homeowner dreams fulfilled.
In the world of real estate brokers, what sets the best from the rest is relatively simple – service that at least meets if not exceeds your expectations. Candor. Someone who believes community service is a privilege and giving back to their community is simply the right thing to do. A real estate broker with knowledge of the market and what is happening in it and to it. Ethics. To us, ethics matter, and our customers deserve at least our best, every day. And a real estate broker who puts you above their commission. The good ones know that if they do these things, the money will follow but more importantly, so will the referrals and lifetime friendships.
When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale:
1. Make Buyers Feel at Home
Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”
Not only will your house spend less time on the market, but the same report mentioned that, “One-quarter of buyers’ agents said that staging a home increased the dollar value offered between 1 – 5%, compared to other similar homes on the market that were not staged.”
2. Keep It Organized
Since you took the time to declutter, keep it organized. Before buyers arrive, pick up toys, make the bed, and put away clean dishes. According to the same report, the kitchen is one of the most important rooms to stage in order to attract more buyers. Put out a scented candle or some cookies fresh from the oven. Buyers will remember the smell of your home.
3. Price It Right
More inventory coming into the market guarantees there will be some competition. You want to make sure your home is noticed. A key to selling your house is ensuring it is Priced to Sell Immediately (PTSI). This means you’ll be driving more traffic to your property, and ultimately creating more interest in your home.
4. Give Buyers Full Access
One of the top four elements when selling your home is access. If your home is available anytime, that opens up more opportunity to find a buyer right away. Some buyers, especially those relocating, don’t have much time available. If they cannot get into the house, they will move on to the next one.
If you want to sell your home in the least amount of time at the best price with as little hassle as possible, a local real estate professional is a useful guide. Let’s connect today to determine what you need to do to sell your home as quickly as possible.
Bledsoe Santana Team Realty LLC, your local real estate experts with 3 offices ready to serve you for all your real estate needs. “At Bledsoe Santana Team Realty LLC, we want to be a warm fire on a cold winter day and are here to serve you throughout the Willamette Valley. We are “Simply the BEST! “Contact Us