Shawn Realty Update – How transactions are done now and what’s happening during self-quarantine time…

shawn realty for pandemic the situation
How showings are done now…

I’m covering some FAQs during this tough time…

Can you still buy house? Can we still see homes? What will happen to home prices…?

Homes that are listed today: https://www.srpdx.com/listing-report/Today-s-Portland-Metro-Area/1137573/

Match Maker and Mortgage Saving Tip

1. Connecting those in need and those who can give
– My job in real estate is really about match making
– I match buyers to sellers, sellers to buyers, buyers to homes, mortgage officers to potential buyers, contractors to homeowners, etc
– I would like to use this ability to connect people
– If you are in need (needing side or part time work)
– If you are healthy and have the capacity to share, let me know
– In short, I can help connect those who are in need of help and those who can give help
– I believe in critical times like this it is important to help each other out so we can do well in the long run
– On that note, I’m thinking about what I can do
– I’m thinking about business opportunities like expanding my business and hiring contractors or maybe order takeout at restaurants to keep them going
– I think helping, even in small ways, really matter
– It’s better to stay at home but I know there are people that don’t have a choice. So stay safe.

2. Real Estate Update, Mortgage Saving Tip
– As of today, buyers are still buying and sellers are still selling. Market is moving.
– Interest rate is still at mid 3, 3.5% for the earlier loan
– I don’t know what’s going to happen in the next few months, but I think it all depends on how fast they’re going to control this pandemic
– If you’re paying about 4.3% or more on your mortgage interest and you’re going to stay in the home for more than three years, this might be a great time to consider refinancing your home
– It’s going to save you hundreds of dollars every month
– There are great programs out there that will give you long term savings

Oregon Home Buying Process and Timeline

I’m going to share the Oregon home buying process, including important due dates. I hope it is helpful and I’d be happy to help if you are purchasing or selling real estate in the Portland Metro Area.

Earnest money deposit: Typically 1% of the purchase price is agreed on as earnest money in an offer. It needs to be deposited within 3 business days after the offer has been accepted. It will be refunded when the transaction is properly terminated within the timeline below. If the transaction proceeds to closing, it will be part of the down payment.

Property Disclosure Timeline: Within 5 business days after receiving the Property Disclosure from the seller’s agent, the buyer has the right to revoke the disclosure and cancel the transaction without doing the home inspection.

Home inspection period: Typically within 10 business days unless agreed upon differently. The buyer needs to perform home inspections (including radon and sewer line, etc) AND negotiate repairs with the seller. It is the buyer’s responsibility to keep track of the timeline, otherwise the inspection contingency period ends and you will be buying it as-is.

The video includes more details of the timelines. I kinda look mad here, but Youtube picked the thumbnail.

Before Searching For A Home in Portland Oregon – Watch this –

How the Portland Metro Area is divided for real estate sales.

NW Portland Houses For Sale (Area 149)
$200,000, $200,000-300,000, $300,000-400,000, $400,000-500,000, $500,000-600,000, $600,000-700,000, $700,000-800,000, $800,000-900,000, $900,000-1,000,000, $1,000,000-1,500,000, $1,500,000-2,000,000, $2,000,000-2,500,000, $2,500,000-3,000,000, $3,000,000-4,000,000, $4,000,0000+
NW Portland Townhome For Sale
NW Portland Condos For Sale
Nw Portland Open House This Week
NW Portland Today’s New Listings
NW Portland New Listings in 7 Days
NW Portland New Construction For Sale

North Portland Houses For Sale (Area 141)
$200,000, $200,000-300,000, $300,000-400,000, $400,000-500,000, $500,000-600,000, $600,000-700,000, $700,000-800,000, $800,000-900,000, $900,000-1,000,000, $1,000,000-2,000,000, $2,000,000+
North Portland Townhome For Sale
North Portland Condos For Sale

Start here
North Portland Open House This Week
North Portland Today’s New Listings
North Portland New Listings in 7 Days
North Portland New Construction For Sale

NE Portland Houses For Sale (Area 142)
NE Portland Townhome For Sale
NE Portland Condos For Sale $300,000
NE Portland Condos For Sale $300,000-600,000
NE Portland Condos For Sale $600,000+

SE Portland Houses For Sale (Area 143)
SE Portland Townhome For Sale
SE Portland Condos For Sale $300,000
SE Portland Condos For Sale $300,000+

SW Portland Houses For Sale (148)
SW Portland Townhome For Sale
SW Portland Condos For Sale $200,000
SW Portland Condos For Sale $200,000-300,000
SW Portland Condos For Sale $300,000-400,000
SW Portland Condos For Sale $400,000-500,000
SW Portland Condos For Sale $500,000-600,000
SW Portland Condos For Sale $600,000-800,000
SW Portland Condos For Sale $800,000-1,500,000
SW Portland Condos For Sale $1,500,000+

Milwaukie/Clackamas/Gladstone/Happy Valley Houses For Sale (Area 145)
Townhome For Sale
Condos For Sale

Oregon City/Canby/Molalla/Beavercreek/Mulino Houses For Sale (Area 146)
Townhome For Sale
Condos For Sale

Lake Oswego West Linn Houses For Sale (Area 147)
Townhome For Sale
Condos For Sale

Tigard/Tualatin/Sherwood/Wilsonville Houses For Sale (Area 151)
Townhome For Sale
Condos For Sale

Beaverton/Aloha Houses For Sale (150)
Townhome For Sale
Condos For Sale $300,000
Condos For Sale $300,000+

Today’s New listings (Portland Metro Area 141-152)
$200,000, $200,000-300,000, $300,000-400,000, $400,000-500,000, $500,000-600,000, $600,000-700,000, $700,000-800,000, $800,000-900,000, $900,000-1,000,000, $1,000,000-2,000,000, $2,000,000+

Open House This Week (Portland Metro Area 141-152 )
$200,000, $200,000-300,000, $300,000-350,000, $350,000-400,000, $400,000-450,000, $450,000-500,000, $500,000-550,000, $550,000-600,000, $600,000-650,000, $650,000-700,000, $700,000-750,000, $750,000-800,000, $800,000-850,000, $850,000-900,000, $900,000-950,000, $950,000-1,000,000, $1,000,000-1,500,000, $1,500,000-2,000,000, $2,000,000-3,000,000, $3,000,0000+


New Construction For Sale (Portland Metro Area 141-152)

$300k, $300-350k, $350-400k, $400-450k, $450-500k, $500-550k, $550-600k, $600-650k, $650-700k, $700-750k, $750-800k, $800-850k, $850-900k, $900-950k, $950-1m, $1-1.5m, $1.5-2m, $2-3m, $3-4m, $4m+

Houses For Sale (Portland Metro Area 141-152)
$150,000, $150,000-200,000, $200,000-250,000, $250,000-275,000, $275,000-300,000, $300,000-325,000, $325,000-350,000, $350,000-375,000, $375,000-400,000, $400,000-425,000, $425,000-450,000, $450,000-475,000, $475,000-500,000, $500,000-525,000, $525,000-550,000, $550,000-575,000, $575,000-600,000, $600,000-625,000, $625,000-650,000, $650,000-700,000, $700,000-750,000, $750,000-800,000, $800,000-850,000, $850,000-900,000, $900,000-950,000, $950,000-1,000,000, $1,000,000-1,250,000, $1,250,000-1,500,000, $1,500,000-1,750,000, $1,750,000-2,000,000, $2,000,000-2,500,000, $2,500,000-3,000,000, $3,000,000-4,000,000, $4,000,000-5,000,000, $5,000,000-10,000,000, $10,000,000+

Condos For Sale (Portland Metro Area 141-151)
$150,000$150,000-200,000$200,000-225,000, $225,000-250,000$250,000-275,000$275,000-300,000$300,000-325,000$325,000-350,000$350,000-375,000$375,000-400,000$400,000-425,000$425,000-450,000$450,000-475,000$475,000-500,000$500,000-525,000$525,000-550,000$550,000-600,000$600,000-650,000$650,000-700,000$700,000-750,000$750,000-800,000$800,000-900,000$900,000-1,000,000$1,000,000-1,250,000$1,250,000-1,500,000$1,500,000-1,750,000$1,750,000-2,000,000$2,000,000-2,500,000$2,500,000-3,000,000$3,000,000-4,000,000$4,000,000-5,000,000$5,000,000-10,000,000$10,000,000+

What To Do With “Hard to sell homes” 팔기 힘든 집들은 어떻게…

How I approach homes that didn’t sell previously

I used to cold call expired listing homeowners and For Sale By Owners. It was one of the toughest parts of a realtor’s job. This cold calling isn’t an easy thing because these homeowners get about a dozen or more calls a day. However, I was somewhat successful at it and met some great families and helped them sell their homes.

예전엔 계약만기된 집주인, 주인이 직접 파는집에 세일즈 전화를 했었어요. 부동산업자가 하는일중에 가장어려웠던 일이었습니다. 어려운 이유는 집주인들이 보편적으로 10-20통씩 하루에 전화를 받거든요. 그래도 그나마 성공적이었어요. 좋은 고객들 많이 만나서 집들을 팔아드렸어요. .

Now, I have been bombarded with unsolicited calls. I really do not enjoy getting those calls. So I decided not to make calls to homeowners either. I thought I shouldn’t send what I don’t want to receive. I feel the same with door-to-door solicitation unless it’s neighborhood kids selling cookies.

요근래엔 세일즈 전화, 스푸핑 전화등 받기 싫은 전화들이 매일 오는게 소비자 입장에서 싫어서, 내가 싫어하는걸 왜 다른사람한테 줘야하는 생각에, 그 세일즈 전화는 그만두기로 했어요. 집방문 세일즈도 똑같은 생각에 안하죠. 동내 애들이 과자 파는 경우가 아니면.

So for now, no listing solicitation calls. But I do have the necessary selling skills and feel that someone could use my help… I have no idea if this blog will reach any of those homeowners who need help to sell their “un-sold, expired, cancelled, FSBO…” homes, but I’ll try this and see what happens.

그래서 세일즈 전화는 안하되, 제가 집파는 기술을 도움이 필요한 분께(계약만기된 안팔린집, 주인 직접파는 집) 소개시키기 위해서, 이 블로그를 이용해 노력하겠지만, 연결이 될지 안될지는 몰라요.

So, if you need help in selling one of those homes, please check out the video above or keep reading on:

만약 못판 부동산 매물이 있으시면, 비디오를 보시고 이 문구도 보세요.

Here’s my approach to selling “un-sold” homes:

  1. Excellent online presentation of the home
  2. Focus on strengths of the property, not weaknesses
  3. Persistent marketing
  4. Constant communication
  5. Make necessary adjustments
  6. “Turn every stone” selling approach
  7. Network with top selling agents
  8. Local knowledge
  9. Negotiation skills
  10. Selling since 2008 “learned business & survived through the market crash.”
  11. Commitment to provide excellent service to clients

Call/text 503-515-4499 to get it sold.

여기에 “문제 해결” 방식의 부동산 판매 방법입니다.

  1. 가장 우수한 온라인 정보물 만들기
  2. 집의 장점만 부각
  3. 지속적인 마케팅
  4. 저속적인 고객 정보 드리기
  5. 매매자 반응에 따른 정보 조정
  6. 세심히 모든 가능성을 점검하는 마케팅
  7. 경험있는 부동산 업자의 인맥
  8. 수준 높은 지역 정보
  9. 협상 기술
  10. 2008년에 시작 “시장이 어려울때 배운 지식과 기술”
  11. 헌신적으로 고객을 모시는 노력

전화/문자 503-515-4499 주세요.

Portland Real Estate Next 7 Years

I was in my 5th year of selling real estate when I predicted the future of the Portland real estate market in 2012, connecting the dots…

Youtube

Soundcloud Audio

I was wrong about two things:

  • How long the flat equity period would last (I bought into the National Association of Realtors’s (NAR) prediction); it was much shorter, which was less than a year.  The flat equity period didn’t really exist and looking back, 2012 was already an upswing market. 
  • I was too conservative with a projection of a 5% annual appreciation; it was 10-15% in some of the years from 2014-2018 (in Portland, Oregon).

I was correct:

  • The best time to sell is coming if sellers can wait 5 years or more.
  • Market prediction.. for sellers, it depends, for buyers, it is the best time to buy!

First of all, thanks to all of your support, I was able to make a new company of my own. I’m very excited for new opportunities and growth. I hope to be a part of your success and growth as well.   I believe that entrepreneurship should be encouraged for everyone – if you own a business and/or want to build a business, talk to me  to bounce off your business ideas.   I love that kind of talk. 

So here’s my market update for the next 7 years!!

  • 3-5% of steady appreciation & no double digit appreciation for a while… So I will try not to use the word, “best to buy or sell”.  Because It depends on your individual situation, so I’ll break it down for everyone.  No one size fits all, like socks.
  • Thinking about buying? Then pay attention to the interest rates.  You can’t really control house price (just like stock price), but If you see close to 4%, it’s time to buy.  Just make sure to pay fair market price on the property. 
  • If you are renting and plan to be in the Portland area for more than 3 years, buy one sooner than later.  The rent is still very high, which can go toward a house payment that will let you own something in a few decades or at least give you some cash when you sell and leave town. 
  • If you are thinking about selling, you will see a small but steady equity building, so assess the property. For example, if you own a home that is valued below $425k right now in the Portland Metro area, consider turning that into an investment property.  If that is not an option, now is a good time to leverage the interest rate to downsize or upsize, depending on your real estate needs.  Be careful about dealing with iBuyer programs out there.  Big companies are reaching out to homeowners very aggressively.  Their main goal is to make a profit.  Shawn Realty’s main goal is to protect our clients best interest and then make a profit, fiduciary or non-fiduciary. If you’d like an assessment of your situation and your property, I’ll be more than happy to help you out with that, so just let me know. 
  • For Investors, Focus on the long term holding strategy, 15-30 years, not so much of short term strategy or cash flow.
    I believe that everyone should have some kind of investment, preferably in real estate, which is one of the most stable investments.

Factors

  • Portland is still a very attractive city with a steady influx of people and businesses.  Both Intel and Nike are literally building and expanding.  That’s a great sign for the real estate market. 
  • Tight Urban Growth Boundaries limit the growth, so a housing shortage will continue which will push the price upward. 
  • The rent control law may have scared away some investors, but still the demand is strong. 

Have a great summer and please let me know how I can help!