S. Oregon Real Estate Forum, August 1, 2018

Hello Friends…….

STEPS FOR A SUCCESSFUL ESTATE SALE
At some point in your life, whether it’s a parent or yourself, an Estate Sale looms sometime in your future.  On this week’s Real Estate Show, Saturday, 10 am KCMX AM 880.  Lance  and Tara Landers, owners of Ionic Estate Sales, joins us and share what it takes to holdLance Landers, Ionic Estate Sales. Contact him: 541 9414830

a successful estate sale. They also share with us what sells and what doesn’t sell well any longer as tastes have change.   Bottom line here, do not try this yourself. Professionals make this a much easier experience for everyone.

AUGUST REAL ESTATE ACTIVITY
for the week ending July 25 thru July 31, 2018
Look!  What’s goin on in Shady Cove.
NEW LISTINGS – 78   Range $119,000 on Dion Ct. Shady Cove.
to $1,390M on Crowfoot Rd, Shady Cove.

PENDING SALES – 86  $67,600 on Flower St. Shady Cove.
to $1,7M at 7326 Dark Hallow, Phoenix

CLOSED SALES – 76   $139,000 on Pleasant Creek, Wimer
to $2,735M at 2770 Siskiyou Blvd. this 8 ac estate
had been on the market for two years. A very large
sale and the highest of the money for sure.  We will be able to report the latest MLS stats next week for the period (May-June-July)

FOR SALE BY OWNER AT ALL TIME LOW
According to the NAR, For Sale by Owner homes hit an all time low of 8% of all sales last year.  Most interest part of this….FSBO also sell for less than agent-sold homes.

ESTATE PLANNING.
We talk a lot about planning for the future.  For example, do you have an updated will?  Have your created Living Trust and named an executor? How do you want your estate divided? These are just a few questions we try to answer when attorney Kan Tharp joined us on a recent real estate show with JLS Agent Alice Lema.  Watch this show if you need some advice on planning ahead.  It’s well worth it.  Tharp is a local attorney in Medford who specializes in estate planning.
Pictured above Ken Tharp and Alice Lema at KCMX Studio.

HOW MANY OF US USE AIR CONDITIONING?
We take it for granted during a heat wave like we’re under this Summer. Jackson County residents use air conditioning on a regular basis. But what about the rest of the USA.  Seattle, only one third have air conditioning, temperature yesterday there — 95.

WHAT HAPPENED TO FHA AND USDA LOANS?
During last week’s Real Estate Show we discussed with Guy Giles of Bank 34 Mortgage, and Phil Aust from Washington Federal why people are not using government loans like FHA and USDA Rural Development Loans. Giles said he hasn’t done one in months.  Aust says Washington Federal issues their own loans and doesn’t see much change.  Why?  A few years ago, these loans were the choice of buyers across our region.  Today, conventional loans are now the loan of choice.  Biggest reason, FHA and USDA charge mortgage insurance for the life of the loan.  So when inquiring about loans from any lender, ask about government FHA and possibly USDA loans, but don’t be surprised when the answer is NO. Its time  to get FHA and USDA back into the game and change mortgage insurance policies.

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