Is Lake Oswego bubble proof?

Lake Oswego and West Linn seem to share in the same bubble zone.  I love that word… Bubble. It is a nice fun word that doesn’ sound as harsh as its reality.  Lake Oswego Home Sellers are tuned in to the bubble reality.  Property values appreciated 7.8% in 2007, today’s 2008 reality is down -4.6%.  Numbers don’t seem to drastic. 

Key here is when you bought and at what price.  If you were the eager buyer in 2006 that won a multiple bid war on your dream property and need to sell today, your bubble may be about to burst.  If you bought 10 years ago, your property has probably doubled in value.  Historically, property doubles every 10 years or so. 

Price zone is also a factor.   Here is the challenge, since the average price in Lake Oswego and West Linn is above the conventional ceiling of 417K, our buyers need to not only bring money to the party, and they need outstanding credit for those under 5% rates.  Sellers that may be upside down in their property must know what their lein holders policy is on a short sale.  If your clock is ticking, don’t wait for them to call you.  You take the first step.  Don’t know where to start?  Call Lake Oswego Home Sellers.

Selling your Lake Oswego home…

Homes in Lake Oswego are selling, just not very fast.  Inventory, news press, statistics, interst rates all point to the tech savvy buyer doing their homework.  They determine what your home is worth, so understanding the buyers process is key to selling your home.

Today Lake Oswego home buyers control the market and in December paid just 87% of the average list price.  Just 16 homes did close, leaving 671 housing options still available.

Knowing how your Lake Oswego home compares to the others is critical.  Move in condition means just that.  Many sellers still think that a buyer is going to low ball an offer just to get things rolling, they may need to think again.  That wallpaper that was fabulous in the 80’s or even the 90″s is so out, and a carpet allowance offered at closing because of the hassle to replace the worn, outdated look could be costing you plenty.  These are things that can make a buyer run.  And since there are many Lake Oswego homes for sale, the buyer and their agent may not even take the time to look at your home.

With so many options ranging from a builder willing to on standing inventory, to a not so perfect bank owned property at a fantastic price….where does your home fit in this scenario. 

Pricing and property condition are key to the buyers interest.  Closed home prices in December ranged from $1,150,000 down to a low of $389,000,  showing Lake Oswego has buyers and homes in all price ranges.