"MUST HAVE" Advice On Buying or Selling Real Estate In Oregon
Posted 10-01-2014 at 01:39 AM by Matt Yates
Low "Turn-Key" Inventory + Older Communities + Growing Housing Market = OPPORTUNITY
(if done right)
BUYERS
When was the last time you were shown a home that had ALL your "Must Haves"?
Fact is, Portland and many other Oregon markets are much older communities. Sure the home met 90% of your "Must Haves", but there was most likely either a minor or major remodel project to be had. You might have even already walked away from and lost your "Dream Home" because of not knowing you could, or HOW to Leverage "Remodel/Renovation Financing during your purchase. If you would have, you'd have bought that older home that needed some work. What you can't replace is the LOCATION, the schools, the neighborhood, local parks, restaurants, or the LIFESTYLE, that home could have afforded you.
Are you frustrated and tired of looking at home after home after home, months on end, because you can't find that "Turn-Key" property?
99% of other uneducated buyers are too, but those that work with the right Agent and Lender, will have a success, QUICKER.
Ever seen Property Brothers, or any of the other Remodel shows on HGTV?
If you are open to the idea of Remodeling the "Cosmetic" things the home might be lacking, then the right Agent and Lender can open your eyes to a whole new market of properties. In the location you want, near the schools your kids should be attending, and so forth. The looks of the home, we can fix.
Once you are "Pre-Approved", and know exactly what you qualify for, your Agent can put together a "Customized" list of properties that fit within the Lenders "Remodel/Renovation Guidelines". Most Agents don't have a clue where to even begin looking for these hidden gems. This is where the fun begins!! Now that you have been Pre-Approved, as a Lender I can "Price Out" the home you are serious about writing an offer on quickly, and your Agent can submit your offers with confidence. Win Win Win for everyone.
SELLERS
Many Listing Agents will walk into a home that's "less than perfect", give the home owners a laundry list of "must fix items", then before walking out without the listing, dare ask for the listing once the remodel has been completed. Why you might ask?
Who knows. Mainly lack of education on how to structure such a deal.
1. Many Home Owners can't or won't spend their 'Cash Reserves" on Remodeling and making the proper fixes in order to maximize their "Value" to move quickly once listed on the market. The educated Agent will call his "Lender Partner", and have them attend the Listing Appt with them to help them explain the home sellers options when it comes to marketing their property. Options below:
A) Rate/Term Refinance Remodel/Renovation Loan - Often times home sellers can Refinance their properties, and roll the Remodel costs into one loan. Remodel loans costs are comparable to a traditional mortgage which is often a misconception of most. Upon closing, remodel funds are issued (30-45 days), and Remodel begins immediately. Remodel is completed, and the Agent lists the home for it's "Highest Market Value".
B) Agent and Lender Partner explain to the home sellers how we can market the property to buyers that want to "Customize Their Dream Home". Through "Remodel Financing Available" Yard Signs, Online Syndication Portals, Single Property Mobile Compatible Websites, Classified Ads, Print, Video Marketing, etc. the home will get the maximum exposure to these types of buyers. This is the solution for home owners that can't or won't Remodel the home prior to listing. PLUS working with a Lender like myself, your Agent is only showing the home to "Qualified Buyers".
With 150+ Purchase/Refinance Remodel/Renovation Loans under our belts and one of the NW's Premier "Direct Lenders", we've already put together the best of the best when it comes to "Remodel Dream Teams" (Agents, Contractors, Designers, Architects, etc.) One thing to note. There's multiple lenders out there offering Remodel/Renovation Financing, but only a very few Expert Remodel/Renovation TEAMS (Mortgage Banker, Underwriting, Processing) that know how to "Structure" them properly. (THIS IS CRUCIAL IN YOUR SUCCESS)
Whether you are looking to List your home or Buy, contact me, and I'll fill you in more on the details of how we can leverage "Remodel/Renovation Financing" to your advantage. I will gladly educate you on common misconceptions, and roadblocks, while educating you further on how we can successful execute this transaction seamlessly. Your Agent and I will work very closely, and as a TEAM, we'll show you how to maximize the value of your home for listing, or how you can "Customize Your Dream Home" if buying.
P.S. - Are you a homeowner that needs to "Remodel" to better suite your changing lifestyle needs? Ready for that new kitchen? Finish the basement? Add a bathroom or even sq. footage by adding an addition to the home? I can help you there as well. Rate/Term Refinance Remodel/Renovation Programs are available, rates are amazing right now, and close times are 30-45 days. Project proceeds can be rolled into ONE loan, one easy payment, and Remodel begins right after closing. You'll have your "Dream Home" in no time.
P.S.S. If you are in a distressed situation (relocation, divorce, bk, foreclosure, etc.) I BUY HOUSES CASH. I talk to hundreds of distressed sellers monthly, and although I can sympathize with you, I do know 99% of these problems don't just go away, so I'd rather provide a possible "Solution". I truly enjoy being able to help people if I can, and help them move on with their lives. If selling your "Quickly", for "Cash", and a "Fair Price", then please reach out to me. I have worked hard my entire life, saved a lot of money, and put myself in a fortunate position to lend my help to others in need. I have the ability to buy in different states, so if you feel the above fits what you are looking for, don't hesitate to contact me, and we'll talk about your situation, and hopefully put together a quick solution.
Regards,
Matt Yates
(C) 503.278.6951
(E) myates@npfcnet.com
(W) www.npfcnet.com/mattyates
Feel free to stop by the office:
5000 Meadows Rd. Suite 151
Lake Oswego, OR 97062
(if done right)
BUYERS
When was the last time you were shown a home that had ALL your "Must Haves"?
Fact is, Portland and many other Oregon markets are much older communities. Sure the home met 90% of your "Must Haves", but there was most likely either a minor or major remodel project to be had. You might have even already walked away from and lost your "Dream Home" because of not knowing you could, or HOW to Leverage "Remodel/Renovation Financing during your purchase. If you would have, you'd have bought that older home that needed some work. What you can't replace is the LOCATION, the schools, the neighborhood, local parks, restaurants, or the LIFESTYLE, that home could have afforded you.
Are you frustrated and tired of looking at home after home after home, months on end, because you can't find that "Turn-Key" property?
99% of other uneducated buyers are too, but those that work with the right Agent and Lender, will have a success, QUICKER.
Ever seen Property Brothers, or any of the other Remodel shows on HGTV?
If you are open to the idea of Remodeling the "Cosmetic" things the home might be lacking, then the right Agent and Lender can open your eyes to a whole new market of properties. In the location you want, near the schools your kids should be attending, and so forth. The looks of the home, we can fix.
Once you are "Pre-Approved", and know exactly what you qualify for, your Agent can put together a "Customized" list of properties that fit within the Lenders "Remodel/Renovation Guidelines". Most Agents don't have a clue where to even begin looking for these hidden gems. This is where the fun begins!! Now that you have been Pre-Approved, as a Lender I can "Price Out" the home you are serious about writing an offer on quickly, and your Agent can submit your offers with confidence. Win Win Win for everyone.
SELLERS
Many Listing Agents will walk into a home that's "less than perfect", give the home owners a laundry list of "must fix items", then before walking out without the listing, dare ask for the listing once the remodel has been completed. Why you might ask?
Who knows. Mainly lack of education on how to structure such a deal.
1. Many Home Owners can't or won't spend their 'Cash Reserves" on Remodeling and making the proper fixes in order to maximize their "Value" to move quickly once listed on the market. The educated Agent will call his "Lender Partner", and have them attend the Listing Appt with them to help them explain the home sellers options when it comes to marketing their property. Options below:
A) Rate/Term Refinance Remodel/Renovation Loan - Often times home sellers can Refinance their properties, and roll the Remodel costs into one loan. Remodel loans costs are comparable to a traditional mortgage which is often a misconception of most. Upon closing, remodel funds are issued (30-45 days), and Remodel begins immediately. Remodel is completed, and the Agent lists the home for it's "Highest Market Value".
B) Agent and Lender Partner explain to the home sellers how we can market the property to buyers that want to "Customize Their Dream Home". Through "Remodel Financing Available" Yard Signs, Online Syndication Portals, Single Property Mobile Compatible Websites, Classified Ads, Print, Video Marketing, etc. the home will get the maximum exposure to these types of buyers. This is the solution for home owners that can't or won't Remodel the home prior to listing. PLUS working with a Lender like myself, your Agent is only showing the home to "Qualified Buyers".
With 150+ Purchase/Refinance Remodel/Renovation Loans under our belts and one of the NW's Premier "Direct Lenders", we've already put together the best of the best when it comes to "Remodel Dream Teams" (Agents, Contractors, Designers, Architects, etc.) One thing to note. There's multiple lenders out there offering Remodel/Renovation Financing, but only a very few Expert Remodel/Renovation TEAMS (Mortgage Banker, Underwriting, Processing) that know how to "Structure" them properly. (THIS IS CRUCIAL IN YOUR SUCCESS)
Whether you are looking to List your home or Buy, contact me, and I'll fill you in more on the details of how we can leverage "Remodel/Renovation Financing" to your advantage. I will gladly educate you on common misconceptions, and roadblocks, while educating you further on how we can successful execute this transaction seamlessly. Your Agent and I will work very closely, and as a TEAM, we'll show you how to maximize the value of your home for listing, or how you can "Customize Your Dream Home" if buying.
P.S. - Are you a homeowner that needs to "Remodel" to better suite your changing lifestyle needs? Ready for that new kitchen? Finish the basement? Add a bathroom or even sq. footage by adding an addition to the home? I can help you there as well. Rate/Term Refinance Remodel/Renovation Programs are available, rates are amazing right now, and close times are 30-45 days. Project proceeds can be rolled into ONE loan, one easy payment, and Remodel begins right after closing. You'll have your "Dream Home" in no time.
P.S.S. If you are in a distressed situation (relocation, divorce, bk, foreclosure, etc.) I BUY HOUSES CASH. I talk to hundreds of distressed sellers monthly, and although I can sympathize with you, I do know 99% of these problems don't just go away, so I'd rather provide a possible "Solution". I truly enjoy being able to help people if I can, and help them move on with their lives. If selling your "Quickly", for "Cash", and a "Fair Price", then please reach out to me. I have worked hard my entire life, saved a lot of money, and put myself in a fortunate position to lend my help to others in need. I have the ability to buy in different states, so if you feel the above fits what you are looking for, don't hesitate to contact me, and we'll talk about your situation, and hopefully put together a quick solution.
Regards,
Matt Yates
(C) 503.278.6951
(E) myates@npfcnet.com
(W) www.npfcnet.com/mattyates
Feel free to stop by the office:
5000 Meadows Rd. Suite 151
Lake Oswego, OR 97062
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