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Be Educated – Be Connected – Be Ready

Be Educated – Be Connected – Be Ready

April 26, 2018 4:12 pm

By Lee Davies

Today’s real estate market is unlike any other that I have experienced in my 32 years as a Real Estate Broker. All of the information is in the public domain and markets can shift in a blink of an eye. With interest rates and prices rising, homes in our area are still receiving multiple offers and seeing bidding wars. Last week in our office, we saw 17 offers, 10 offers, and 6 offers, on three separate properties, all of which were “common homes” – not in the typical areas we see bidding wars.

Playing in this world involves exuberance and sanity to co-exist. Is your bid about winning the home or is it based on logical value? This craziness is commonly what will lead to a bubble, but with Portland becoming an international destination for the foodies, creatives, and outdoorsmen, there appears to be no end in sight. So, here are my thoughts on how one can best be strategic in our ever-changing market:

Be Educated: I would advise everyone to take 5 minutes a month to read up on Portland’s monthly sales, listing inventory, market absorption, average days on the market, appreciation, and interest rates. This can be accomplished in several ways, but we provide this information to you each month in this newsletter.

Be Connected: There are many tools out there to keep you informed. Our favorite way to keep our clients informed is via Real Scout. We can customize this tool to show you only the homes in your target area of interest hit the market all the way through closing. Whether you want to know your own neighborhood trends, or you want to keep an eye on an area you may move to in the future, we can set up an alert system that will notify you hourly, daily, weekly, or monthly. Additionally, I would endorse the idea of having a Realtor you know and trust, no different from your doctor or CPA – who can be your ears on the ground and your ongoing consultant. Great Realtors can provide insight that cannot be obtained by Zillow, Redfin or Real Scout. They know the homes first-hand and in many cases, know the stories behind the negotiations. Statistics and search tools can only take you so far…

Be Ready: Being nimble with the ability to act quickly is tough for all of us. However, nimbleness is truly a necessity if you stumble upon the perfect home to buy, or if you decide you want to sell your home fast without leaving money on the table. When a great home hits the market, you will likely need to act quickly and have your financial plan in place to execute. Ideally, everyone would always have their financials in order, their lender on speed dial, and have an annual evaluation done on their home each year by their Realtor. One never knows what may compel them to sell their home. But keep in mind that the process of selecting a Realtor, determining value, and preparing the home to sell can take several weeks, if not months. Additionally, I always encourage homeowners to keep their homes updated. Most sellers will spend up to two months gathering data and preparing their homes, and once their home is completed and ready to be photographed, they turn and look at me and say, “Dang, I wish we would have done this years ago and had the opportunity to enjoy it. This would have made our life much less stressful and we would have been able to get our home on the market faster!”.

Ultimately, to be educated, connected, and ready, our brokers at ELEETE have the tools and the know-how to keep you up to speed. We are here to serve!

“

We were happy to work with you and your team! And I appreciate all your kindness and patience to make this work, I can’t express how thankful we are! You helped us make us a great memory.

Thank you Lee, Megan, Jennifer, and Harrison!

Kenny & SooHee -

“

Lee, I really admire the way you do business and the joy you bring to everyone around you. My brother and I had great experience working with you and you’re definitely our go to agent when it comes to real estate for us and friends referrals too. We haven’t had any recently but we always keep you in mind! Thanks!

Ayman F. -

“

Nobody knows the Cedar Mill and Bauer Woods home market as well as Lee and his team. In a potentially tricky situation with a home that needed lots of updates and some other uncertainties, Lee and his team delivered a smooth sale in a timely manner. Megan was a tremendous help recommending updates and coordinating the entire home improvement process with multiple contractors. You would never get that level of service with a discount broker.

Lee was thoughtful in pricing and marketing strategy, and we were fortunate to land an attractive offer quickly with the right kind of buyer. Communication was clear and honest throughout the process.

I would gladly recommend Lee and his team.

Bill B. -

“

Megan did a great job on the “updating” and staging.  When the buyers are asking to buy some of the furniture  . . . you know it really made a big difference.

Really appreciate all you have done.

Jim + Deone

Jim & Deone J. -

“

Lee and his team of professionals have been my go to realtor for the past decade. I’ve both sold and bought homes through Eleete and in every occasion I get honest and detailed information, timely communication and most important, results!! The Eleete team know the area, do their homework and are  well respected in the community. Moving is tough enough… the buying and selling part is made easy through Eleete!

Erik S -

“

Eleete was very easy to work with and attentive. They had quite a few open houses which was very helpful to selling our home.  All of Lee’s associates were helpful and knowledgeable. When called they would address any issues that we had.  When the home was sold they were quick to get the inspection and the appraisal scheduled.

Patty D. -

“

We are writing to express our pleasure with Lee Davies, President, Principal Broker of ELEETE Real Estate who represented us in our purchase of a single-family home. Lee and his team of professionals guided us through the entire process, from loan prequalification to searching for houses to making the offer and closing the deal. We credit Lee and his team with a smooth, stress-free home-buying experience. This was our third purchase of property, and never have we had such a pleasurable experience. Lee is savvy, personable and knows the market inside and out. We never could have gotten our dream home without him. To reiterate, we are nothing but pleased with Lee and his expertise and we recommend him to everyone who is interested in buying or selling a home.

Nore B -

“

Lee and his organization are true experts in their geographic areas, They know the little details of the neighborhoods that make a difference when you are buying and selling. Lee’s firm is very well respected and that makes negotiations appropriately professional and swift. Lee is a true real estate icon in the area and that will ultimately be to your advantage as it was to me in both my buying and selling transactions with Lee.

Mel & Teresa -

“

We have had three different transactions with Lee and we would highly recommend his company. Lee was very helpful on both sides of the transactions as buyers and sellers. He is very knowledgeable with market inventory and often has advanced notification of homes coming onto the market before they are listed which is a wonderful advantage for his clients. Additionally, Lee had a moving truck available for his users which was very convenient. From start to finish, our experience was very positive.

Patrice W -

“

We enjoyed working with Lee and his staff. We listed the house with Lee 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 Lee’s office were friendly, communicative and very professional. Thank you again Lee for a positive experience.

Bill T. -

“

Lee and his team recently sold our Northwest Portland home. They were extremely professional, aggressive without being pushy and I never felt like they were focused on anything except the success of our experience. I absolutely feel like Lee and his team know this market better than any other agency and it showed in the guidance they provided. At the same time, when we made decisions in the process, they were able to follow those directions. I would highly recommend them to any potential home seller or buyer as a partner throughout this process.

Troy S. -

“

Our house was on the market for 12 months, with no realistic offers. After handing it over to Lee Davies and his team, it took just 3 weeks to get an offer that met our expectations.

Christof & Victoria -

Contact Lee

Office

9200 SW Barnes Rd.
Portland, OR 97225

Phone

503-292-1500

Email

lee@leedavies.com

 

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