Our Oregon Hard Money Loan Team Knows the Market
The real estate scene has held strong in the past year, favoring sellers as we’ve come out of the pandemic.
Predictions are that the housing market will remain robust and prices will continue to rise. And real estate will always be a solid longterm investment strategy.
But if you’re thinking of selling or buying, you may want to plan ahead a bit.
Real Estate Trends: How to Prepare for a Softer Market
Buyers: Know your limitations and budget. Talk to a loan officer about how much home you can afford and manage your expectations accordingly. If you’re in a good financial spot and ready to go, start looking. Inventory will likely rise – but so will interest rates. You may not have to compete with as many buyers thanks to a greater number of listings. But higher interest rates and increasing purchase prices will see your buying power decrease.
Sellers: If you’re planning on selling, you will probably get a good price. But time may be of the essence if you want to see the maximum ROI. As inventory begins to level out and buyers have greater selection, multiple offers and bidding wars will be less of a sure thing. It will be more important to get repairs in order and prepare your house for listing. Do a walk through of your property with an agent to determine the best things to do to get your asking price.
Whether you’re buying or selling, keep a close watch on the real estate market. Have a plan, know what your end goals are – and be flexible. Good luck!
We’re Here to Help with an Easy Qualify Oregon Private Money Loan
As you prepare for the market to soften, consider your real estate investment strategy. The most successful investors have financing in order. If you need funding and traditional lenders have said no or can’t move fast enough, a hard money loan could be a great option. Gregory M. Russell is a respected Oregon private money lender with over three decades of experience. We loan based on your available equity. Your credit and employment history are secondary. And our approval process is streamlined, so you can have cash in hand quickly and without hassle. Questions? Give us a call at 1-888-477-0444. Or fill out our simple online loan request form. Apply today!