Hard Money Loans Offer Fast Financing in Competitive Oregon Market
Anyone following real estate trends knows that housing markets across the country are experiencing an inventory squeeze. Demand is high, listings are low.
Though the market is healthy, COVID has had something of an effect. Homeowners concerned about the pandemic and its long-term impact on the economy are delaying selling.
The Portland, Oregon metro region is experiencing its tightest inventory in 30 years of reporting by the Regional Multiple Listing Service. In November, the average sale price reached just over $521,000, an increase of 12.7% over November 2019.
How to Increase Your Chances in a Tight Housing Market
If you’re hoping to purchase real estate in the months ahead, there are four key ways you can improve your odds of success in a competitive market.
- Make a strong initial offer. The higher a bid and the stronger a first impression you make, the better your chances will be.
- Have financing ready to go. There is no time to waste when competition is lined up and waiting. Be pre-approved and have funding in hand.
- Broaden your search. Look at second choice locations. You may even be pleasantly surprised at the options that come up.
- Be flexible and open-minded. It’s the rare property that has every feature you’re looking for. Be prepared to compromise on features.
Above all, be ready to move fast. Your search may be disappointing at times. But with patience and perseverance, you’ll find the ideal real estate investment opportunity.
Our Oregon Hard Money Loans are Fast and Hassle Free
Hard money loans are a great option for investors in competitive real estate markets. Our streamlined loans are based on your available equity; your credit and employment history are secondary. Unlike traditional lenders, paperwork in minimal and you can have cash in hand within approximately two weeks. If you’re looking for financing, talk to our Gregory M. Russell experienced private money lending team (call 1-888-477-0444) or complete our simple online loan request form. We make things easy and help set you up for success!