There are many ways you can go about finding your perfect home, the Corvallis Oregon Real Estate market has not taken a major hit like many other cities that are comparable.
Here are some stats for Corvallis in the month of July:
The average days on market for homes has gone done from 135 to 133. As far as listings goes, the numbers went up from 536 this time last year to 565 this year.
As far as homes sold this month last year at 77 to this year at 47. And on top of that the time if takes to sell the current inventory nearly doubled from this time last year of 7 months to today’s number of 12 months!
So as you can see the Corvallis Oregon real estate market has slowed down from this time last year. Some professionals say that the summer months are traditionally slow here, but you really can’t judge market conditions on what time of year it is.
So keeping all these stats in mind you have to know how to find a fair deal and still get the home you’ve always wanted.
Here are 5 steps to follow to get you there easily…
First, get yourself fully approved. Regular pre-approvals don’t fly anymore.
Find a local lender who you can sit down in person with you.
You want to deal locally because they understand the Corvallis area and know of loan programs that might be of extreme benefit.
By extreme benefit, I mean, local programs that will help with closing costs or any other expenses relating to your loan. Sometimes you might even be able to find 100% financing options that most lenders and Realtors will say “don’t exist”.
Second, make sure your are 100% set on a specific area to live.
Do this by educating yourself and familiarizing yourself with the school districts, the neighbors and what’s going on in the neighborhood at different times in the day.
Doing so will narrow down your search for homes and keep you from wasting time.
Third, you have to get a real estate agent that specializes in Corvallis specifically.
You will be able to tap into the resources they have for this area. This will allow you to find significant discounts and hidden area’s for you and your family.
Fourth, don’t be afraid of doing some repairs yourself.
A house that just needs some drywall work or a small paint job can sometimes be the perfect home.
Many of the homes in Corvallis don’t have major issues unless you are looking to buy a home in the historic area’s or near OSU.
And if your real estate agent is well connected he can usually refer someone who will do the work for very little.
On top of that sometimes there are local programs that will pay for your repairs, especially in the Benton county area’s. They offer this as a way to improve neighborhood area’s over time.
And finally, be ready to jump!
When a deal seems really good, don’t let it sit to long.
Everybody wants a good deal, but the only person who will actually get it is the person who makes the decision to take action.
I have prepared a report for you on the top costly mistakes people make when looking at Corvallis Oregon Real Estate, and more importantly how you can find the best deals available to you, go check it out.