Getting ready to sell your house or investment property in Oregon? Now is an excellent time!
However, selling your home and buying your next home is a complicated process, and there are several ways to navigate it. So you need an excellent real estate agent to help you figure out which way is best for you, and what will bring the most benefits!
If you are asking yourself how to sell my house Oregon? Let an experienced property expert assist you throughout the exciting but challenging process.
But, here are a few things you must know, so you sell fast and for a fair cash price.
Real Estate Market in Oregon
Home prices in the Pacific Northwest area are rising dramatically, including in Oregon.
The price of an average house is substantially higher today compared to the cost a few years ago. However, Oregon is still a reasonably priced real estate market when you look at the median family earnings data.
Fortunately, you can sell your property and benefit from price appreciation because prices will increase for a while—as long as you act fast! The rate of appreciation is higher than we experienced previously, so entering the market today means you will experience increased home equity from a property you spent less buying.
Homes in Oregon range in price from $300,000 to $500,000.
Average House Listing Price
Oregon’s average house listing price is $502,215, while the average listing price per square foot is $282.
Median Household Income
The median household income in Oregon is $65,667. The median household income in the Portland metro area is $73,159.
Number of Days on Market
The average number of days on the market for homes in Oregon is 32 days. The average number of days on the market for homes in the Pacific Northwest region is 40 days.
WHAT'S YOUR HOME WORTH IN TODAY’S MARKET?
Best Time to Sell a House in Oregon
As you gear up to sell your house, it’s important you know the ideal time to put it on the market.
According to Realtor.com’s 2022 data, the best time is the period running from April 10 through April 16. April lets you capitalize on an optimal real estate market that leads to faster sales at higher prices.
Listing your house in April means you get high buyer interest and less competition from other sellers. The median listing price for homes might be $5,000 higher than the median listing during an average month if the trends hold.
Last year, each listing was getting 29% more views than the average week and the number of sellers was at least 13% fewer. The average days on the market for homes in 2021 were 27 fewer days during the second week of April compared to 2019 data for an average week.
However, the best time to sell a home may vary. Seasonal forces, such as winter, can slow down house-hunting activity.
It’s also critical to mention that market conditions are variable and factors that determine the “best” time to sell your house can change from year to year and location. However, a combination of increased demand for homes and an inventory shortage means the buying market is hot.
How Do You Sell Your Home Fast in Oregon?
Are you willing to sell your Oregon house? We’re keen to provide you with a fair cash offer.
Regardless of the state, let us buy your Oregon home now and save you the frustration of dealing with an undesirable property address.
Selling a home is stressful, but it is even more nerve-wracking if you’re under a serious time crunch. Whether you are selling for a new job, a personal situation, or other financial reasons, there are a few tricks that will help improve the marketability of your property, decrease time on the market, and attract strong offers.
Here is how to sell your home and burdensome houses fast in Oregon.
Clean and Declutter
Hire an Agent
Handle Quick Repairs
Cost of Selling an Oregon Home
You must own the home free and clear to transfer ownership legally. This means clearing any existing mortgage before the property changes hands officially. Oregon homeowners can use the proceeds from the sale to cover the cost of their traditional bank financing loan.
Expect property taxes levied by local governments, but the cost varies. The seller pays the property taxes.
Recording or reconveyance fee
Mortgage companies charge to close out loans and record releasing their claim on properties with the state. These charges are often in a single recording charge. The fees also depend on the county.
Transfer tax for sellers in Washington County
Homeowners in all Oregon counties, apart from Washington, don’t pay any transfer taxes. If you are in Washington County, the transfer fee is 0.1% of the home’s ultimate sale price.
Sellers almost always pay for the title insurance for buyers. The policies help protect buyers from future legal issues related to the title.
Favorable market conditions may shield sellers from paying extra costs. But buyers would request a home warranty in the past. The home warranty protects buyers in case appliances or systems break down because of wear and tear.
You pay the title company for handling critical aspects of the home sale transaction. Some services include escrow account management. Traditionally, the seller and buyer split the fees. You pay for outstanding dues prorated to the day of the sale if you belong to a Homeowners Association (HOA). Prepaid duties mean the buyer will credit you for the days you do not own the home.
Real estate attorney fees
Oregon doesn’t require an attorney to handle real estate transactions, unlike many states. However, you may require expert legal guidance if you run into some tricky circumstances.
Real estate agent commission
The commission is well worth the cost if you hire one of our excellent agents. We can help you net more profit, even with the realtor fees considered!
In the final stages of the sale, you will get a settlement statement that itemizes a list of various costs that require paying to complete the transaction.
Eileen O’Reilly is the go-to realtor in Oregon and the San Francisco Bay Area of California. Eileen is an accomplished, top-producing, and devoted real estate agent with a desire to help make property sales easier. If you are looking for significant answers to difficulties sellers and buyers face, O’Reilly Property Group can help.
For sellers, we can help put your home in front of many potential buyers. Eileen O’Reilly ensures each client receives a fair all-cash offer using an innovative and unique pricing policy and modern marketing tactics. Qualifications in Senior Real Estate Specialization and Luxury Home Marketing make Eileen an elegant and meticulous realtor.
Is an impending deadline or burdensome rental property stressing you?
Eileen O’Reilly can help sell your home fast! Contact us today and get a free cash offer!
Our Happy Clients
What our Customers have to say?
I highly recommend Eileen and her team to anyone looking to sell their house, especially if it’s your first time. Eileen guided me with steady support throughout the process. She is professional topped off with kindness, support, resourcefulness, and attentiveness. I hope she never has another client like me….she went above and beyond helping me manage my tenants through this process for 3 years. I imagine most house sales are routine and Realtors don’t have to cheerlead their clients through the process….I needed a cheerleader and guidance and I am so grateful to Eileen for “wearing so many different hats” so well for so long. Thank you, Eileen
Eileen O’Reilly is a master of real estate. She figured out how to line up her actions with our goals and dreams. After ten minutes with her, you’ll know that she’s one of those people with the fire simmering just below the surface, driving her to get the job done. Combined with her knowledge and ease with the latest technology and her shake-your-hand look-you-in-the-eye honest integrity, sense of humor, street smarts, and kind, generous nature, she stands out, way out, world-class out, in her field. She helped us sell our house and in the process with her recommendations, guidance, and hard work, we set the sales record in the neighborhood. Any real estate transaction is a big deal, but buying or selling the place you’re going to live your life! well that’s different and picking the person to help you with that is probably more important than you realize. You have to be picky about the agent you select. With your limited time, you want an agent who can teach you something you didn’t know. And you want to like the person who’s guiding you through this big deal. You want to enjoy your time together. You want to know they really have your best interests at heart. Like us, when you pick Eileen you’ll feel like she truly cares about helping you. You’ll feel like you’re friends with a world-class professional who is walking by your side, helping with probably the biggest financial decision of your life. Give yourself the best chance at success. Maybe even set your own neighborhood sales record. Get Eileen.
We’ve known & worked with Eileen since 2019 (Yes! we looked & looked & looked for the past two years before we purchased our first single family home & closed in October this year! And Eileen was with us all along on our journey. Patient, Resourceful, Helpful, and above all a Great human is how we’d describe Eileen. So glad that she was there for us throughout. In Eileen’s words – home buying is a very emotional journey & it has to feel right. She truly believes that & always gave us the space. There was never any pressure or a feeling of urgency on her part. She made arrangements to bring us to multiple showings during the pandemic & even accommodated our requests to see places more than once. Eileen is a seasoned realtor & has her knowledge up to date on what are the requirements to sell & what are typical concerns when buying in the market we were looking for – Pacifica. She always offered her honest opinions on every listing we went & saw together, bringing her vigilant approach to each home we saw together. Eileen is a family friend now & We wish Eileen the very best. If you are considering Eileen – rest assured you are in good hands!
Quite simply, in my experience, Eileen is everything a realtor should be. She represented our home with complete integrity and utmost professionalism. I have never encountered a salesperson who works harder or smarter than Eileen O’Reilly. Throughout the process, she picked up our calls, promptly returned our texts, and was savvy, proactive, and completely reliable. Eileen knows the market and shows enviable follow-through. She earned my trust and I do not hesitate to recommend her. I would definitely hire Eileen again. Last but not least, Eileen has a great personality and is a lot of fun to be around. Go for Eileen O’Reilly. You won’t regret it.
I can’t say enough good things about Eileen. She was professional, friendly, responsive, knowledgeable, and a calming presence in helping us sell our home, and all while we were out of state. She made a potentially very stressful process seamless. Maybe most of all, she’s straightforward and a grounded person, unlike some realtors out there!
From the first phone call to the final successful offer (and beyond), Eileen was a stellar realtor. She was clear and direct, asked great questions, and got to know my needs and wants through a long house hunt in a tricky and super competitive market. She was a straight shooter on offers that seemed low or high but I also felt like every decision was mine, if expertly guided. She knew the Bay Area market well and directed me to neighborhoods I hadn’t considered. She walked through every house with a trained eye, pointing out hidden expenses and desirable features. Once I finally found my dream home Eileen was there for me through offer and counter offer, all the way to closing while on vacation. I’d work with her again in a heartbeat, and would (and have) enthusiastically recommended her.
Eileen has been more than helpful all the way from the first meeting to the last (hum, shall it be the last? she is such a nice person!). She knows the local market very well and could tailor our needs so well. We have been really fortunate to work with her and would definitely recommend her to anyone looking for a house. She was recommended by a friend of us, and she has been above expectations. She helped us on every front, and could tell us when to wait, when to rush, when to pay attention to some critical steps. I am sure we would not have had our house today if it was not with Eileen.
Karen Kelley Day
Eileen negotiated a deal where I bought and sold a house simultaneously. It made the moving process much less stressful. Once I owned my new house she was extremely helpful with suggestions of contractors. She even helped me measure my windows for blinds.
Eileen helped my family sell my deceased mother’s home. She was caring, knowledgeable and professional during this difficult time. She took the time to truly understand our situation and our specific concerns. She listened to our ideas and expectations and used her expertise to create a very successful plan to sell our property. She quickly took charge and expedited all repairs, painting and landscaping needed to prepare our home for listing. She strategically scheduled open house tours along with private viewings for prospective buyers which resulted in the quick sale of our home for an optimum price. In fact, we received multiple offers and she sold the house for much more than the asking price. We were very pleased and extremely impressed with the eventual outcome. I would highly recommend Eileen if you are planning to sell or buy a home. She is more than a real estate agent. She is a trustworthy advocate for your needs. Thanks Eileen!
It was A LOT of work – repairs, disposal of property, difficult escrows, utility issues, etc. Eileen not only took charge of these items (which was not her primary responsibility), but she handled it all with grace and total professionalism. Her judgment is excellent and her work ethic unsurpassed. She seems to have an answer for any issue that arises. If she can handle these six sales, she can handle anything.