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November Newsletter

Is Your Investment Property Part of Your Plan?
You already know the Garcia Group as your community based property management company.
We are now pleased to announce our Real Estate Sales Division that can provide more access to homes and resources to all of our owners.

Matt Williams and his Bison Properties Team have joined the Garcia Group Real Estate Services as our dedicated specialists to assist our clients in positioning their real estate to be profitable, starting today! Whether you own one single-family home by "accident" or have several multi-family units it's important to look at your real estate owned as a part of your long-term strategy.
Working with a team who knows both the property management side of the business as well as acquisition is a tremendous benefit for our clients. Our access to properties throughout the Portland-Metro area give us insight on profitability and strategies for reaching your next goal. Money is made on the purchase, sale and management of real estate and we can analyze all of those aspects to offer insight so you can make the best decision for your next move.
Whether you are looking to buy a new investment property, sell the one you have or do a 1031 exchange into a larger property we can help. We'll be sending out our newsletter regularly to provide information on the market, investment opportunities and general information. We hope you find value in this information and we know you will think of us first to help you move on to the next level. Don't hesitate to contact us.
Contact Us
Most people considering an investment property feel overwhelmed by all of the moving parts of the process. We've found that the best way to simplify it is to narrow it down to a few key pieces of the process and take it one step at a time. Having access to professionals that handle the details is the most important part. True professionals of their trade such as Realtors, Lenders, Property Managers and Financial Planners are all involved in your investment purchase to provide options and direction. As you think about next steps remember that hindsight is 20/20 and most people say, "I wish I would have bought properties back then" when these days are past.

Depend on Your Professionals: Yes, you will need to communicate and follow through on anything that only YOU as the investor can do. But there are a lot of items on the list which can be checked off by your professionals. Your Realtor can provide access to investments, information on market statistics and an analysis on the value of any property you are interested in. As your Realtor, we have both industry expertise and access to other trusted professionals so feel free to lean on us to help point you in the right direction. One of the things that sets us apart is our knowledge of the management side of your investment. We know what to look for and can properly evaluate the cost of repairs, rental rates and know the general environment of the Portland area.

Know Why You Are Investing: Every investor has a different strategy. Many of our clients are owners of properties they inherited or lived in a home which they converted into a rental due to market conditions at the time they found their next home. While waiting for the market to rebound, they found that the property produced cash-flow, provided a write-off and appreciated in value. Each investor has to decide what their strategy is and how actively they want to pursue each option. Several of our clients are using real estate as a tangible investment strategy to pay for college for their children or their retirement. It is important to set goals and be diligent about maintaining your strategy so you continue to be in the right strategy for you based on your comfort level.

Plan To Win: Yes, investing in real estate takes a bit of work but it takes A LOT of planning. And the more planning you do, the easier it is to succeed. Saving up for a down payment is only the first step in the process which allows you to purchase the right property. You should consider cash-flow on a monthly basis, repairs and maintenance needed, appreciation over time as well as the tax benefits of an investment property. Avoiding taxes is also a very important strategy and a 1031 Exchange allows you to upgrade from one property to another while using the equity to keep those investments profitable. Like any other strategy, you have to plan your exit strategy to maximize your return. Treat each property like a business.

Take The Leap: Consider your next investment as a part of your retirement, school savings account or just being in control of your own monthly cash-flow. The cost of housing and interest rates keep going up which increases the cost of investing. With real estate being one of the most solid investment strategies available, it may be worth conisdering another move in real estate. If now is the time to increase your portfolio, let's begin the process. If you have any questions about how to get there or need any resources in real estate, please reach out to us directly at 503-208-2991 or [email protected]
Contact Us Today!
Rumors of a bubble, a softening market and low inventory have all been on the tongues of investors, buyers and sellers over the past few months. Though there is no way to project what will happen in the future, we can certainly take a look at what is happening with our own clients' homes, mix that with the statistics put out by the MLS and trust a combination of opinions from economists across Oregon.

We are seeing the market soften a bit as the time that homes remain on the market increases across the board to an average of 44 days on the market. Portland specifically, however, is at an average of 84 days on market. The overall inventory decreased slightly from 2.3 months to 2.1 months but that is still higher than our 2017 low of 1.3 months. This creates a bit more breathing room for buyers looking for a home but it is still a seller's market in general.

The October numbers show an increase in new listings by about 2% over last year but a decrease in pending sales by 4.8% and 3.6% in closed sales respectively compared to last October. An important indicator to acknowledge is that 52% of the active homes on the market in Portland have reduced their price since listing their home. This shows us that they either listed too aggressively or that buyers are not seeing value.

Still, the market seems strong with an overall increase in the average sales price of 9% since last October. The median sales price is up 10.1% which shows us a good growth in the past year. What this means for us is that as we invest in real estate for the long-term, we are seeing growth in the area of appreciation. Take a look at the two graphs below. One shows where the values of homes have gone in Portland since 2009 and the other shows the affordability of those homes. I see this showing an increasing value in our investments while remaining affordable to those wanting to purchase in the Portland-Metro area. We are still the cheapest major metropolitan area on the West Coast.
Though we're softening a bit, we see this as a healthy correction in a market that is constantly in ebb and flow. With low interest rates and affordable homes in an appreciating market, it still looks like a good time to invest. Please don't hesitate to reach out to us for additional information or statistics and opinions on your area in particular. [email protected] and 503-208-2991
Great corner lot with potential for an ADU as an investment. Renters in place currently paying $2200/month.
This is a 3 bedroom, 2 and 1/2 bath. Renters in place currently paying $1795/month.
$379,000 in Gresham
Current rent estimate is set at $2300 for this Gresham home.
View this home on our Website
$639,000 in Lake Oswego
Stunning territorial views with walls of windows and master on main.
View this home on our Website
$584,900 in SW Portland
1/2 acre lot with stunning views of SW Portland.
View this home on our Website
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© 2017 Bison Properties

Oct. 20, 2017

Curious About Local Real Estate?


Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
Oct. 20, 2017

Newsletter Archive

Check out the latest from Bison Properties

October 2017 Newsletter

November Newsletter

Posted in Market Updates