Friday, July 28, 2017

Exploring Salem Oregon: Fiesta Mexicana

Friday, August 4 - 6, 2017 - 12:00 PM

Mark your calendar and be sure to join us for delicious food, amazing entertainment, Queen & Court coronation, an endlessly entertaining parade, classic cars, and soccer tournament at the 54th annual McDonald's Woodburn Fiesta Mexicana. Fiesta history dates to its first annual festivities which began in 1964 in the heart of downtown Woodburn in appreciation of the workers and the harvest season ending. The City of Woodburn is honored to continue the tradition by hosting this family friendly celebration of Hispanic culture.

Hours
Friday, August 4: 12:00pm-11:00pm 

Saturday, August 5: 10:00am-11:00pm
Sunday, August 6: 10:00am-10:00pm

Admission
Free all day on Friday. Free until 5:00pm on Saturday and Sunday. After 5:00pm, $5 per person age 11 & older. 10 & under are free.


Map & Directions
From Portland, take I-5 South to exit 271. Turn left onto Newberg Hwy. Proceed 3 miles. Turn right on Park Avenue. Legion Park will be on the right.


From Salem, take I-5 North to exit 271. Turn right onto Newberg Hwy. Proceed 3 miles. Turn right on Park Avenue. Legion Park will be on the right. 

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Thursday, July 27, 2017

A ‘Buyer’ in Hand is Worth Two in the Bush


In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court.
And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make to their house prior to selling.
One thing to remember though, is that there is always a line that shouldn’t be crossed.
Interest rates can change, financing might not go through, the appraisal might not come back at the price that you have agreed to. These are all opportunities to work with your buyer to make sure that the sale still happens.
You may think that, because buyer demand is so high right now, you can choose to make your buyer jump through hoops. But what happens if they reach their limit and need to walk away? You’re starting over… weeks, maybe months later… and other buyers may wonder what’s wrong with the house since the last deal fell through.

The Golden Rule

We were all taught from a young age to “treat others as you would like to be treated.” This shouldn’t change once you have a buyer who seems as though they would do anything to buy your home.
Find out how much your current home is worth! 971.208.5093 or mcleodgroupoffice@gmail.com.
By: KCM Crew

Monday, July 24, 2017

U.S. Housing Inventory Hits a New Low… List Your House TODAY!


Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.
Here is a chart showing the decrease in inventory levels by category:
U.S. Housing Inventory Hits a New Low… List Your House TODAY! | MyKCM

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.
Contact The McLeod Group Network to find out how much your current home is worth! 971.208.5093 or mcleodgroupoffice@gmail.com. 
BY: KCM Crew

Friday, July 21, 2017

Exploring Salem Oregon: Mount Angel Abbey Bach Festival

July 26 - 28, 2017

Classical music festival includes music, picnic buffet, wine and a visit to historic abbey. July 26 features the Quatuor Saguenay; July 27 features Elinor Frey, 5-string cello and Lorenzo Ghielmifortepiano; July 28 features Fr. Sean DugganOSB, piano. 

Tickets: $55/night. $125/season of 3 nights, tickets includes concert and picnic.

Damian Center
Mt. Angel Abbey
1 Abbey Drive
Saint Benedict, OR 97373


503-845-3064 or 800-845-8272

Event Website

Courtesy of Amy McLeod, The McLeod Group Network

Thursday, July 20, 2017

84% of Americans Believe Buying a Home is a Good Financial Decision

84% of Americans Believe Buying a Home is a Good Financial Decision | MyKCM
According to the National Association of Realtors®’ 2017 National Housing Pulse Survey84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:
  1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
  2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
  3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth
  4. Homeownership means a stable and predictable monthly mortgage payment
  5. Homeownership allows for various deductions on federal, state, and local income taxes
The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

Bottom Line

Homeownership has always been and still is a crucial part of the American Dream.
Contact The McLeod Group Network to start searching for your new home! 971.208.5093 or mcleodgroupoffice@gmail.com. 
BY: KCM Crew

Monday, July 17, 2017

3 Questions to Ask Before You Buy Your Dream Home

3 Questions to Ask Before You Buy Your Dream Home | MyKCM
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.
Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.

1. Why am I buying a home in the first place? 

This is truly the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.
For example, a survey by Braun showed that over 75% of parents say, “their child’s education is an important part of the search for a new home.”
This survey supports a study by the Joint Center for Housing Studies at Harvard University which revealed that the top four reasons Americans buy a home have nothing to do with money. They are:
  • A good place to raise children and for them to get a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of that space
What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

According to the latest Existing Home Sales Report from the National Association of Realtors(NAR), the median price of homes sold in May (the latest data available) was $252,800, which is up 5.8% from last year. This increase also marks the 63rd consecutive month with year-over-year gains.
If we look at home prices year over year, CoreLogic is forecasting an increase of 5.3% over the next twelve months. In other words, a home that costs you $250,000 today will cost you an additional $13,250 if you wait until next year to buy it.

What does that mean to you?

Simply put, with prices increasing each month, it might cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher price of the home you wish to buy. 

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long-term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates.
The Mortgage Bankers Association(MBA),NAR, and Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months, as you can see in the chart below:
3 Questions to Ask Before You Buy Your Dream Home | MyKCM

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.
Let The McLeod Group Network help you figure out if your dream home is already within your reach! 971.208.5093 or mcleodgroupoffice@gmail.com. 
By: KCM Crew

Thursday, July 13, 2017

The 5 Greatest Benefits of Homeownership

The 5 Greatest Benefits of Homeownership | MyKCM
Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”
  1. Homeownership can help you build equity over time.
  2. Your monthly payments will remain stable.
  3. You may have some tax benefits.
  4. You can take pride in ownership.
  5. Homeownership improves your community.
Let’s expand on each of Freddie Mac’s points:

Homeownership can help you build equity over time.

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun reported that now the net worth gap is 45 times greater.

Your monthly payments will remain stable.

When you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, rents continue to skyrocket. Your housing expense is much more stable if you own instead of rent.

You may have some tax benefits.

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.
Here are four items from the Briefing Book:
  • Mortgage Interest Deduction
  • Property Tax Deduction
  • Imputed Rent
  • Profits from Home Sale

You can take pride in ownership.

Most surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.

Homeownership improves your community.

The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study explained:
“Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors…Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.”

Bottom Line

There are many benefits to homeownership. That is why it is still a critical piece of the American Dream.
Meet with The McLeod Group Network - we can help you find your dream home. 971.208.5093 or mcleodgroupoffice@gmail.com. 
By: KCM Crew