Is early Spring 2021 the time to list?

For many sellers, a crucial aspect of putting their home on the market is timing. “When is the best time to sell?” is one of the main questions I am asked as a realtor. Understanding demand, market climate, and current lending rates can all be influential factors for when a seller decides to list. While late Spring and Summer historically tend to be the “hot season” for new listings, the early Spring weeks of 2021 might be just the perfect time to put your property up for sale.

As our Living Room Realty community can tell you, we are experiencing record lows of available houses on the market. With interest rates at surprisingly low percentages, new buyers are flooding into the scene hoping to score their first time home. As of this week’s market report, the median price for a home in Portland Oregon is $695,000 with only 535 active listings available. In every Portland neighborhood, prices have increased a significant amount from the start of 2020 to today.

 

So what does all this new data point to? If you are considering making a move this year, these next few weeks might be an exceptional time to bring your home to this hungry buyer community and capitalize on this strong seller’s market. If you are wanting to learn more about your home’s Spring 2021 value, discuss options for listing your house while trying to find the next right place to move into, or want to hear what safety protocols I have developed to prioritize my sellers’ safety during Covid, please reach out to me with an email at jene@livingroomre.com or call me directly at 503-780-6270. I would be delighted to connect and share more details about cultivating a listing strategy that focuses on your best success.

Just Listed | 443 SE 46th Ave | $489,000

Just Listed

Updated Creston-Kenilworth Bungalow

4437 SE 46th Ave Portland OR 97206

 

Updated bungalow with the classic white picket fence. Main floor has a fireplace, dining room with cedar accent walls, bed/bath and updated eat-in kitchen.  Upstairs is a wonderful large bedroom with bonus space for desk/crafts/nursery etc.   Basement has a fully finished living space, bedroom and workshop/laundry room.  Slider in dining room provides great light and easy access to enjoy the hot tub. In summer you will love the mature landscaping and deck. Ample detached garage for cars or projects.

 

3 bed | 1 bath | 2128 sq. ft.
MLS# 21597782 | Taxes: $4166.33 | Lot Size: .11 Acre

 

 

 

 

 

 

 

 

 

 

Here is the yard in summer!

 

The Dark Place of Thievery & Vacant Homes

The Portland Police Bureau has shared that commercial crimes have risen due to the COVID-19 pandemic while residential crimes have stayed the same in comparison to last year. It sure doesn’t feel that way. Last month my daughter’s bike was stolen from our garage in SE Portland. This week, thieves with a truck and a crew of helpers cut the top of our Thule roof box off the top of our car with $10,000 plus in adventure gear. Finally, there is my clients SE listing, that is vacant and beautifully staged and has seen TWO break-in’s over the last week. The first “hit” on the home resulted in the loss of 1/2 of the staging items, including furniture, carpets, lighting, accessories and the removal of a Nest thermostat. Those thieves gained access through a window (that was locked).
After the first round of theft, our sellers installed individual alarms to all doors and windows. If triggered, a mind-numbing sound would be activated and the thief would hopefully run away. My partner and I also began to check on the property daily for our sellers; either a morning or evening trip to the home to make sure all was good. Even with the sound activating alarms, the French doors were pried open at their base to allow a second person to enter and turn off the system. This time, nothing was physically taken. The only signs that someone had used the home was the dampness of the shower curtain and a blackened cigarette butt.

If you are about to have your home staged and will be listing it as vacant, I would consider the hiring the back to base monitoring sydney services:

1.) Check your insurance policy……….Insurance companies are justifiably concerned about the liability a vacant home presents. You’ll want to contact your insurance company to find out how your coverage might change once you’ve left your home. You should also ask if there are specific precautions you must take to secure your home, and how long the policy will cover your vacant home. Some insurance companies specialize in offering “Vandalism and Malicious Mischief Coverage” that protects your unoccupied home. In our case, the sellers home owners insurance is covering the lost staging items.
2.) Use exterior lighting…..Fortify your home against intruders by improving your home’s exterior lighting. A combination of lights on timers and motion activated lights will deter burglars. Be sure that the entrances of your home are well lit, and don’t neglect the sides of your home where intruders are less likely to be noticed. There are home security systems that offer enhanced exterior lights that integrate with security cameras. When the light detects motion, the home security camera is activated and records video. You can view that video on your web enabled device.
3.) Prepare your home….Before you vacate your home, prepare it by doing things like replacing shoddy entry doors with hard wood or steel doors that boast strong locks. You’ll also want to make sure that all windows are closed and locked and it’s a good idea to set up a few lights on timers. A home automation system gives you the convenience of turning lights on and off remotely. If your home has blinds you should check True Value Outdoor Blinds Sydney you can turn them up so nature light is let in, without telling burglars that the house is vacant. Make sure you alert your home security company (if you have one) that your home will be vacant and provide them with the name of the people who can access your home.
4.) Leave a small radio playing at night in an area that a thief can not see. Turn up the volume so that voices can be heard on the radio while someone stands outside of the door. I prefer finding a news channel as opposed to a music station so voices can be heard.
5.) Leave some inside lights ON – Including one in the basement of the home.

Protecting your vacant home while selling it takes a bit of forethought, but it’s easy to do and doesn’t have to break the bank. I hope that you call can use some of these clues to prevent a break-in at your casa. Love and peace