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Fighting Multiple Offers on a House? Here's How to Win

by Mary Gilbert

Fighting multiple offers on a house can be a nightmare for buyers: It basically means that you've found your dream home, but everyone else also wants it. Unless you go to the mat and really play your cards right, this place could easily slip through your fingers. That's why it's critical to put your best offer forward from the start. Here's a guide on how to stand out amid multiple offers to increase the odds that you'll end up on top.

Offer More Money

It's that simple: Money talks! Many agents even suggest including an escalation clause in which you agree to offer above the asking price (up to a limit, of course), if other bidders come into the picture.

However, the sale price isn't the only place where you can make a strong financial showing. Consider increasing the amount of money that you'll put into the escrow deposit. Committing more money will show the sellers that you're serious about buying the property.

To buyers who might balk at the cost, Kathryn Bishop with Keller Williams in Los Angeles, asks this: "If you find out that you lost this home by one dollar, how will you feel?"

Write a Letter

Beyond the basic agreement of sale paperwork, including a letter explaining why you're so passionate about buying the home can help you stand out from the crowd.

Emile L'Eplattenier, a real estate writer and a member of the Real Estate Board of New York, suggests, "a quick biographical sketch of your buyers—what made them fall in love with the home, the neighborhood, or any other personal details that might help build empathy with the seller."

Letters are especially effective in situations where the sellers have an emotional connection to the property. For example,  an elderly couple looking to downsize might be more inclined to choose a young couple who are looking to start a family.

Keep Financing Clean

Where financing is concerned, buying a property with cash is always attractive to sellers, if you can afford it. Since a mortgage lender won't have to get involved, the sale process becomes much easier and there won't be any worry that a loan won't get approved at the last minute. That being said, cash certainly isn't an option for every buyer. If a mortgage is a must, make sure that you provide a pre-approval, so that the sellers know a lender has already vetted your finances.

Andrew Sandholm of Bond Real Estate in New York City reminds buyers that providing either a pre-approval or proof of funds for a cash deal is a must. "Whether you are planning to take out a mortgage or pay all cash, you can stand out from other offers if you show you are a serious buyer by proving you have the funds to buy the home," he explains.

Buy the Home 'as is'

Agreeing to buy the home as is essentially means that you are agreeing to purchase the home in its current condition and releasing the sellers from the responsibility of making any repairs. It's a very attractive option from the sellers' point of view because it increases their net profit.

Keep in mind that buying a home as is doesn't mean that you have to forgo inspections entirely. It simply means that they will be for informational purposes only. You'd be entitled to elect any inspections you wish—and to walk away if major problems are uncovered. However, regardless of what the reports show, any repairs will be your responsibility.

Have Your Agent Make a Call

Your real estate agent's job is to make sure that your interests are communicated to the sellers throughout the negotiation process.

In a scenario where you're competing against multiple offers, Rebecca Chambliss, an associate partner with Partners Trust Real Estate Brokerage & Acquisitions in Los Angeles, suggests having agents make two calls: one before submitting the offer to ask what the sellers would like to see, and the other after the fact to reiterate your interest. Agents can also ask to be informed if the property goes back on the market after a deal falls through.

 

Let Roseburg Properties Group help you write the winning offer and get the home of your dreams! 541.371.5500 or [email protected]

 

By and photo credit: Realtor.com,  

Roseburg OR Real Estate For Sale
687 SE Garden Way Drive, Winston, OR  97496

Lovely location and a super buy on this gorgeous new home in an area of newer homes! Situated on a corner lot, this airy and open one level ranch offers easy care wood laminate and tile flooring, soaring high ceilings, a split bedroom plan, neutral colors, modern fixtures and lighting, an attached 2 car garage, RV parking, plus fully landscaped!  The vaulted great room is the perfect space for entertaining with easy access to the rear patio.  The connecting kitchen is a feast for the eyes offering granite counters, bar seating, stainless steel appliances and an abundance of beautiful cabinetry. Enjoy gatherings in the formal dining room or use as a den/office – whatever works best for your family’s needs. The spacious master suite is a relaxing oasis with vaulted ceilings, a walk in closet and private full bathroom. Two generously sized secondary bedrooms on the opposite side of the house provide privacy, plush carpeting and lots of closet space. Be the first to enjoy all this brand new Garden Way home has to offer!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

#1 Reason to List Your House for Sale, NOW!

by Mary Gilbert

#1 Reason to List Your House for Sale, NOW! | Keeping Current Matters

If you are debating listing your house for sale this year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes for Sale 

The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:

Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent, and new and existing inventory is not keeping up with the fast pace homes are coming off the market.

Demand is easily outstripping supply in most of the country and it’s stymieing many prospective buyers from finding a home to purchase”.

The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.

The chart below details the year-over-year inventory shortages experienced over the last 12 months:

#1 Reason to List Your House for Sale, NOW! | Keeping Current Matters

Anything less than a six-month supply is considered a “seller’s market.”

Bottom Line

Meet with Roseburg Properties Group - we can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy now! 541-371-5500 or [email protected]

 

Honoring All Who Served - Happy Memorial Day!

by Mary Gilbert

Three years after the Civil War ended, on May 5, 1868, the head of an organization of Union veterans — the Grand Army of the Republic (GAR) — established Decoration Day as a time for the nation to decorate the graves of the war dead with flowers.Maj. Gen. John A. Logan declared that Decoration Day should be observed on May 30. It is believed that date was chosen because flowers would be in bloom all over the country.

Memorial Day is an American holiday, observed on the last Monday of May, honoring the men and women who died while serving in the U.S. military. Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in parades. Unofficially, it marks the beginning of the summer season.

National Moment of Remembrance

To ensure the sacrifices of America ’s fallen heroes are never forgotten, in December 2000, the U.S. Congress passed and the president signed into law “The National Moment of Remembrance Act,” P.L. 106-579, creating the White House Commission on the National Moment of Remembrance. The commission’s charter is to “encourage the people of the United States to give something back to their country, which provides them so much freedom and opportunity” by encouraging and coordinating commemorations in the United States of Memorial Day and the National Moment of Remembrance.

The National Moment of Remembrance encourages all Americans to pause wherever they are at 3 p.m. local time on Memorial Day for a minute of silence to remember and honor those who have died in service to the nation. As Moment of Remembrance founder Carmella LaSpada states: “It’s a way we can all help put the memorial back in Memorial Day.”

Courtesy of Mary Gilbert, Roseburg Properties Group

Visit Umpqua Valley Wineries for a Special Memorial Day Weekend Wine Tasting! 

May 27 - May 29

Delfino Vineyards
Open 11am-5pm Saturday-Monday. On Saturday, social hour is 4:30 pm; live music with Dawn Day Blues Project at 5-8 pm; free wine tasting and door prizes.  Food for purchase.  For tickets call (541) 673-7575

Paul O’Brien
Open 11am-5pm. (541) 673-2280

Reustle-Prayer Rock
They will have an acoustic blend of music on the 26th & 27th. Special releases with sliders. (541) 459-6060

Giradet Vineyards
11am to 5pm.  Sample new releases and limited-production wines, like the 2011 Pinot Noir Row #17.  Enjoy wine & food pairings, and specials discounts on wine.  General admission includes a logo wine glass.  Free for drivers & children.

Address: 895 Reston Road, Roseburg.
Phone: (541) 679-7252

Those are just a few of the more than 25 Roseburg area wineries, discover more wineries here.

Courtesy of Mary Gilbert, Roseburg Properties Group

Roseburg OR Real Estate For Sale
1573 NE Hollis Street, Roseburg, OR  97470

Welcome home to 1573 NE Hollis Street, a charming ranch conveniently close to shopping and schools! Appreciate the original hardwood flooring, updated electrical and a brand new roof in May 2017! Two bedrooms, one full bath and an additional bonus room with sliding doors to the rear patio. Enjoy tons of room to run and play, plus the opportunity for a large garden in the spacious backyard. This property has great rental potential or could make a lovely starter home! Schedule your appointment today!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

More Americans Chose to Own a Home Than Rent in Q1

by Mary Gilbert

More Americans Chose to Own a Home Than Rent in Q1 | Keeping Current Matters

According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households.

Of the 1.22 million new households that were formed in the first quarter, 854,000 were new-owner households making the jump straight to homeownership rather than renting first.

That means that the homeownership rate amongst new households was 70%!

This is huge news as the national homeownership rate is currently 63.6% and has only ever come close to this figure in the second quarter of 2004 when the homeownership rate reached an all-time high of 69.2%.

A recent Wall Street Journal article pointed to the uptick in first-time homebuyers coming to market as a reason for the jump:

“The return of first-time buyers is accelerating. In all they have accounted for 42% of buyers this year, up from 38% in 2015 and 31% at the lowest point during the recent housing cycle in 2011, according to Fannie Mae, which defines first-time buyers as anyone who hasn’t owned a home in the past three years.”

Ralph McLaughlin, Trulia’s Chief Economist, had this to say about what a bump in new homeowner households could mean for the housing market:

“Strong renter household formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of. We look forward to future releases of these data to determine whether this is a statistical blip or a trend.”

Bottom Line

As more and more potential first-time buyers realize their ability to buy a home without having to rent first, not only will the homeownership rate benefit, but so will the overall economy.

Start your home search with Roseburg Properties Group! 541.371.5500 or [email protected] 

 

Roseburg OR Real Estate For Sale
1232
Southridge Way, Roseburg, OR  97470

Luxury awaits you at 1232 Southridge Way, located in prestigious Winchester Ridge, the finest up and coming luxury gated community in the Umpqua Valley. Spectacular views of the valley, city, and mountains from the secluded estate lots with opportunities to build your custom or semi-custom luxury dream. Near the wineries of the Umpqua Valley, golf courses, rivers, lakes and recreational opportunities. Build packages available! Few places can match the lifestyle available in Roseburg and Southern Oregon. Learn more about Winchester Ridge Estates

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty
Umpqua Valley will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

5 Reasons to Hire a Real Estate Professional When Buying or Selling! | Keeping Current Matters

Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you achieve your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $185,000 compared to $245,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively, and correctly, price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

Let the real estate professionals at Roseburg Properties Group help you with all your home buying and home selling needs! 541.371.5500 or [email protected]

by 

Roseburg OR Real Estate For Sale

1120 Southridge Way, Roseburg, OR  97470


Luxury awaits you at 1120 Southridge Way, located in prestigious Winchester Ridge, the finest up and coming luxury gated community in the Umpqua Valley. Spectacular views of the valley, city, and mountains from the secluded estate lots with opportunities to build your custom or semi-custom luxury dream. Near the wineries of the Umpqua Valley, golf courses, rivers, lakes and recreational opportunities. Build packages available! Few places can match the lifestyle available in Roseburg and Southern Oregon. Learn more about Winchester Ridge Estates

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty
Umpqua Valley will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

 

Displaying blog entries 1-10 of 34

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Contact Information

Photo of Mary Gilbert Real Estate
Mary Gilbert
Keller Williams Realty Umpqua Valley
2365 NW Kline Street, Suite 201
Roseburg OR 97471
541-371-5500
Fax: 541-371-5501

© Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. Keller Williams Realty, Inc. is an Equal Opportunity Employer and supports the Fair Housing Act.