Is your Zestimate Accurate?

Let’s be honest thanks to the internet there are so many different ways for sellers and buyers to get information about their own homes, as well as homes in their community it can make your head spin.  You fill out price calculators, pre-qualifying certifications, mortgage estimates, and value tracking….all online.  That’s a whole lot of information to be sharing, and it probably looks great when you are looking at it.  It feels empowering to have all of those numbers sitting in front of you, but you need to ask yourself are they actually correct?  And should you trust them?

The reality is that many of the big box website calculators have been known to be off – sometimes by as much as $100,000 or more, and that’s a huge amount when you’re trying to decide if you should sell your house right?  You’re probably asking yourself why are they off by so much?  Well here’s the truth:

  1.  They use your WHOLE county’s data – not just your neighborhood.  They’re looking at the whole pie, not just your piece of it.
  2. They don’t perform a Comparative Market Analysis which can only be done by a Realtor® to come up with the value.  Instead they use AI.
  3. They don’t take renovations or improvements into consideration.
  4. They weight their results heavily on the prices of homes that have recently been listed at, not the price that the homes actually sold for which skews the data.

So yes, an automated estimate can be a great starting point, it’s safe to say that it does best paired with a real estate agent who can gather more personal data about your neighborhood, street and any improvements or repairs that are needed in the home.  As a Realtor® I’ able to do the research need to know where your home stands in the current market, and what kid of market conditions you’re going to be dealing with. That alone can be a major difference in the listing price that is going to bring you top dollar and still allow for a quick sale.

If you’re reading this thinking that you may need some guidance around the area of automatic home evaluations, and feel like you have no place to start please reach out to me.  I am happy to help you through the process with no pressure, no sales tactics, just the help and guidance that you need.  Please feel free to email me at maryann@nexthomepdx.com

Time To Get Your Scare On!!!

Halloween is Saturday and one of the big Halloween events is Haunted Houses.  I know they’ll look different this year but here is a list of some amazing Portland area Haunted Houses that you can check out and get your scare on:

The Fear PDX

ScareGrounds PDX

13th Door Haunted PDX

Creatures of the Night

Sauvie Island Haunted Corn Maze

Please note that many of these haunted houses do require tickets to get in because of COVID and some of them are close to selling out for this weekend.  Hopefully you’ll be able to find somewhere to get your scare on at.

Welcome to Cornelius, Oregon!

This city of Cornelius is full of a rich history.  It’s history begins long before it was incorporated into a city thanks to the arrival of the railroad.  It should be noted that the railroad played a big part in the beginnings of several other cities on the Westside of the Portland Metro area as well, North Plains, Forest Grove and Banks to name a few.   While the railroad helped to bring folks to the west many of the settlers to the area faced the hardships that came with traveling along the Oregon Trail.

The City of Cornelius is named after one of those successful settlers, T.R. Cornelius.   He settled in to the Tualatin Valley and upon hearing about the Whitman massacre joined the Washington County Volunteers where he fought with them in five battles.  As the need for volunteers decreased Mr. Cornelius moved to California to follow the gold rush.

As a Sgt. he returned to Oregon and was was promoted to Captain, eventually becoming a Colonel of the Washington County Company D after the retirement of Colonel Nesmith.  At the conclusion of the Indian War Col. Cornelius spent 20 years working in the Territorial Legislature.  At the end of his time with the Territorial Legislature in 1871 he returned to the 1,300 acre farm that he had built over the years.  His farm housed a grain warehouse, two sawmills, a grocery store, creamery as well as several homes and barns that stretched across the 1,300 acres.

During this time Ben Holladay was building a railroad depot that was going to house the post office and telegraph office in an area known as Free Orchards.  Farmers in the area began to enjoy the railroad depot and Cornelius’ warehouse.  Farmers would line their wagons up all throughout the day to unload the grain into the warehouse as it waited to be shipped.  In later years everyone in the town agreed that the town should be named in honor of T.R. Cornelius to recognize the many contributions he made that allowed the community to develop.

The City of Cornelius was incorporated in the spring of 1893 and the first Council meeting was held on May 5, 1893.  Folks today enjoy living in Cornelius for it’s close proximity to Forest Grove and Hillsboro in addition to the average price of homes in Cornelius being in.  It allows for small town living close to it all.

Let’s Talk About Forest Grove

cosmic-timetraveler-zh_ofCt2r9c-unsplashForest Grove is a beautiful small town located 45 minutes from Downtown Portland, and honestly it feels like you’ve traveled to a whole nother part of Oregon when you’re there.  Here are a few things to consider if you are looking to move to Forest Grove.

The market is different because while it started out as a small farming town it has become primarily a commuter town with the added charm of being a college town thanks to Pacific University.

        • Community contains acreage property
        • Community has access to wine country
        • Community contains single family homes
        • Community has new construction
        • Community is a great for first time homeowners
        • Community offers beautiful scenery
        • Community great location for those who love to get outdoors
        • Community has historic homes that Friends of Historic Forest Grove is working to help save
        • Some homes in Forest Grove qualify for a USDA Home Loan

There are a few challenges:

 

 

      • The average price range is $389,000.  Homes priced under $400,000 are very popular 
      • Understand that when it comes to resale some buyers will rule Forest Grove out because it is a college town.
      • Forest Grove does have quite a few amenities however if you are someone who thrives on the hustle and bustle of the city you may not enjoy the quiet peaceful environment of this beautiful small town.
      • They currently have a low inventory which means you may find yourself in a bidding war with other buyer

So what are some of the pitfalls that can occur if your Realtor® doesn’t have an understanding of the Forest Grove market?  Well you could have……..

      • Lost revenue on the sale of their home
      • Higher costs on the purchase of their home
      • Wasting precious time
      • Increased liability
      • Increased anxiety and worry
      • Wind up with a longer commute than you would like

One of the reasons I love helping clients who are looking to move to Forest Grove is the fact that I grew up and have lived in a small town for most of my life.  I understand the benefits and drawbacks of living in a small town.  I love how the community pulls together in times of need, and that they often have some of the most amazing local restaurants.  Two of my favorites in Forest Grove are Bites and Pac Thai.    In addition I have a student at Pacific University so I find myself in Forest Grove often and love keeping up with what is going on.

I know that when it comes to choosing someone to help you with the sell or purchase of your home there are many choices out there.  As a Native Oregonian I have a love for what our state has to offer from the people to nature.  I love helping people find not just a home but a community that they can put down roots.

If you have questions about real estate in Forest Grove, please feel free to comment on this blog post or send me a message through email.  I would love to help you find your next home.