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What is a 1031 Exchange?

A basic primer of a complex tax rule for investment property purchases

While the term “1031 exchange” is common among real estate brokers, it may be less common outside the real estate industry. So, what is a 1031 exchange, and how does it work? The name “1031 exchange” comes from U.S. Internal Revenue Code Section 1031. This code allows property owners to avoid paying capital gains taxes […]

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Is The Real Estate Market Finally Stabilizing?

What today’s indicators mean for buyers

By now, you’ve likely seen headlines indicating a change is taking place in the real estate market, both nationally and locally. It’s true. A shift is happening. But the sky is not falling. In actuality, the market appears to be stabilizing, or correcting, and that means buyers have a window of opportunity after experiencing two […]

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Appraisals in Today’s Market

Adjusting for shifts in the market

This week I wanted to discuss some changes we are starting to see in our local real estate market with regards to appraisals. Quickly, an appraisal is an unbiased professional opinion on a home’s value, used whenever financing is involved. The lender just wants to do their own bit of due diligence on a property […]

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Pricing Your Home to Sell

How to get it right in a challenging market

Deciding to sell your home can be exciting, stressful and confusing, especially when it comes to the list price. You might be cashing out on equity for retirement, downsizing, upsizing or looking for land. Whatever your situation, you want to be sure you are getting the best return on your biggest investment: your home. There […]

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How to Choose the Right Broker in Today’s Market

With all the complexities and changes, an experienced professional should be on your team

Today’s real estate market has many complexities, timelines and constant changes. It’s hard to stay on top of it all. If you don’t have a trusted, experienced broker on your side you are potentially putting yourself in a compromising position. So how do you choose the right real estate broker for your needs? A good […]

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Doing Your Due Diligence

Taking some simple steps

When moving into a “new” home there are many uncertainties, many of which cannot be realized until paperwork has been signed and the move is complete. Nobody knows you and your preferences better than you do. It is imperative that each buyer takes the time to do their own due diligence. How does one do […]

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The Possible Return to a Normal Market

No need to panic; things are still hot in this recently magma-hot market

The elephant in the room in real estate right now is and has been for a few weeks: interest rates! Yes, the rates have gone up recently, so what is going on in the market? Lots of things are changing and evolving, but right now demand is still high and inventory is low, so most […]

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Let’s Talk About Contingencies

Changes in 2022 on waiving inspections, appraisals

I wanted to take a moment to talk about some of the more popular contingencies that exist in most residential real estate sale agreements. A contingency clause “is a provision requiring a specific event or action to occur in order for the contract to be considered valid.” After a buyer and seller agree and have a […]

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Buying or Selling Tenant-Occupied Homes

Oregon’s renter protections can make the process more complicated

Despite climbing interest rates, supply and demand in the housing market remains significantly unbalanced. There are still many more buyers looking for homes than units available. As a result, it remains a sellers’ market, with prices up more than 20% from just one year ago. Some investors who own and rent out homes or other […]

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