Mobile Full Width Tablet Small Desktop
  • Company
    • About Eleete
    • Our Team
    • Resources
      • News
      • Title & Escrow
      • Home Loans
      • Our Moving Truck
      • Preferred Vendors
    • Join Our Team
  • Properties
    • Our Listings
    • Map Search
    • Advanced Search
    • Listing Email Alerts
    • Sign In
  • Services
    • Buyers
    • Sellers
    • Relocation
  • Neighborhoods
  • News
    • Lee Knows Blog
    • All News
  • Contact
  • Company
    • About Eleete
    • Our Team
    • Resources
      • Title & Escrow
      • Home Loans
      • Our Moving Truck
      • Preferred Vendors
    • Careers
  • Properties
    • Our Listings
    • Map Search
    • Advanced Search
    • Listing Email Alerts
    • Create Account
    • Sign In
  • Services
    • Buyers
    • Sellers
    • Relocation
  • Neighborhoods
  • News
    • All News
    • Succession Program
    • Open House Spotlight
  • Contact

Real Estate, It’s a Whole New World . . .

Real Estate, It’s a Whole New World . . .

January 26, 2021 2:54 pm

Gone are the days when you head out to  look at homes over the weekend and buy one. You can certainly still look at the less than two to four homes that meet your parameters, but if you are fortunate enough to feel that one of them is the right match, you must be more than ready to understand all the complexities involved with writing a winning offer in this market. On the other hand, if you are ready to sell, heck, you could post your home on Instagram and sell it “by owner” in about an hour. Finding a buyer for your home is currently not the challenge. The challenge is first determining whether you should sell, and then second, ensuring you have maximized the value of your home knowing that there may be that one buyer who is willing to pay you well over the appraised value. The only way to find that buyer is to have great representation and professionally merchandise your home. 

Bidding wars and shrinking inventory are not a new phenomenon. However, in the past, bidding wars typically happened only on the best homes, in the best areas, and buyers could still “shop” other communities and price ranges over time. There was inventory coming and going and not every new listing would create a frenzy. Today, every time a new listing hits the market, there is excitement and anxiety, if not a bit of depression, caused by the reality that if it looks like a winner and you want to buy the home, you likely have a less than 50% chance of winning the home even with an amazing offer.  

With the lack of inventory, it may seem that there is not a lot of preliminary work to be done. However, we advise all our buyers to be fully prepared.  Shop, see every home, even if it is not a match. Get your money in a liquid account. Don’t simply get pre-qualified, get pre-approved. Don’t pick a mortgage lender no one has heard of, but rather, connect with a local provider who is respected and known for performance. You cannot be over prepared to submit a winning offer when the right property for you hits the market. 

For sellers, it is easy to sell right now, but the real question is where will you go? What is your replacement investment? Will the market continue to appreciate? Are you leaving money on the table? This is an important life strategy decision. Home ownership, for most, is not only a roof over our heads, but a major investment and part of our long-term financial security. Today, our role is quite different than in previous markets. We at ELEETE Real Estate want to make sure you have an “end game” for where you are going before you sell. It is our mission to provide our clients with the data needed to make good decisions and then to ensure that we capture the maximum value for your property. While market indicators can clearly illustrate what your logical home value is, we are out to find that one buyer who is willing to pay you a premium as your home fulfills their dream. 

In the past we had to figure out how to sell your home and then could shop from hundreds of homes for sale for your next investment. Today, it is all about education, preparation, and making sure you have a great plan.  

Resources

  • News
  • Title & Escrow
  • Home Loans
  • Our Moving Truck
  • Contact Eleete

“

I highly recommend Eleete Real Estate. I have done two transactions with Lee and his team and the experience was outstanding. The team has great knowledge of the area, but most important, they really listen to your needs and concerns. Everything was handled with the utmost professionalism, zero pressure and response was immediate to our requests. Whether you are buying or selling a home, Eleete Real Estate is the best choice for the NW Portland area, no question.

Benjamin T. - Portland, OR

“

We enjoyed working with Lee and his staff. We listed the house in December, in a tough market. The house was priced correctly, the marketing was done professionally and the house sold within weeks. We had a closed transaction in January. We were pleased with the sales price and the efficiency of the process. The staff at Eleete were friendly, communicative and very professional. Thank you again Lee for a positive experience.

Bill T. - Beaverton, OR

“

The team at Eleete have helped me on several transactions…both personal and business related (I’m a local builder/developer). You won’t find a more professional and knowledgeable staff that will work tirelessly for you and your best interests.

Eric T. - Portland, OR

Contact Us

Office

9200 SW Barnes Rd.
Portland, OR 97225

Phone

503-292-1500

Email

info@eleetere.com

 

SOCIAL

Site Links

  • Listings
  • About
  • Home Buyers
  • Sell With Eleete
  • Neighborhoods
  • Broker Resource Links
  • Contact
  • Privacy Policy
© 2021 Copyright Eleete Real Estate. Site by Deep Root Design