Buffett’s ‘Real Estate Man’ Ron Peltier Sees Housing Hope

It’s always nice to hear encouraging news about the housing recovery. This morning HomeServices of America CEO Ron Peltier shared some positive signs for the future. Click here to watch the video: Buffett’s ‘Real Estate Man’ Sees Housing Hope.

Ron Peltier on CNBC

At Prudential Northwest Properties, we’re confident brighter days are ahead, and we’re excited to be a member of HomeServices, a Berkshire Hathaway company.


Buying Now Makes A Lot of Sense

The Portland Business Journal reports today that the average Portland apartment rents for $927 per month, according to Real Facts. In downtown Portland, the average rent for an apartment is $1.68 per square foot, or about $1,344 for an 800 square foot unit.

Makes Sense to Buy Now

With today’s low interest rates, it may be wise to consider buying and building equity, especially if you think you’ll stay put for a few years.

Check out our Open Houses this weekend at www.pru-nw.com.

If you’d like to see what your financing options are and learn how much you can afford, visit our mortgage partner HomeServices Lending of Oregon.


Portland Metro Real Estate Market Stats – September 2012

The latest RMLS Action Report for the greater Portland Metro area indicates the market recovery is solidifying. With the exception of new listings, all reported measures of real estate activity show improvement when comparing September 2012 with September of 2011.

When comparing last month to September of last year, closed sales were up 19.4% and pending sales increased 10.6%. Prices continue to inch up. The average sales price year-to-date of $272,200 is 2.9% higher than the average price at this time in 2011. Homes are moving quickly — over 20% faster than they were last year — and inventory stands at 4.6 months, with 6 months considered a balanced market.

Portland Oregon real estate stats September 2012

To keep an eye on trends in your area, sign up for our exclusive Market Tracker report and you will receive a monthly recap by email, or contact a Prudential Northwest Properties real estate professional today.


Southwest Washington Market Stats – September 2012

The latest RMLS Market Action report shows real estate activity in Clark County has reached a new low of 2,402 active residential listings, a drop of 21.4% from September of last year. Prices continue to show modest improvement.

The $218,700 average sales price for the first three quarters of 2012 of  is 2.1% higher than the average price in the same period last year. Inventory stands at 5.6 months, which is a slight uptick from the last new months. Six months of inventory is considered a balanced market, favoring both buyers and sellers.

Clark County real estate highlights Sept 2012

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate professional today.

Prudential Northwest Properties Supports Lake Oswego Buddy Walk

Over 1,000 people turned out in support of the Down Syndrome Network Oregon’s 10th Annual Buddy Walk yesterday. The Buddy Walk is one of the popular community events our Lake Oswego branch supports each year, offering hot chocolate and coffee to participants and spectators alike.

Prudential NW at Lake Oswego Buddy Walk

Lori Norstrom, Gayleen Weiler, Holly Siebenthall and Ryan Krause offer complimentary hot chocolate and coffee at the 2012 Buddy Walk

Special thanks to Janet and David Dalton of Dalton’s Northwest Catering for their generous contribution of time and beverages. And big thanks to all of the Prudential Northwest Properties agents, employees, and family friends that helped support this wonderful cause.

The Down Syndrome Network Oregon provides comfort and acceptance for families, friends and individuals with Down Syndrome. Funds raised at the Buddy Walk will allow the organization to fund many important programs throughout the next year. For more information, please email info@dsnor.org or visit www.dsnor.org.


Homeowners Advice: Get Ready for Fall

Fall treeFall is just around the corner in the Pacific Northwest, and it’s a great time to think about home maintenance. To retain your home’s best value, it’s important to stay on top of projects and repairs, both large and small. At Prudential Northwest Properties, we believe seasonal maintenance is a great way to stay aware of issues that need to be addressed.

Small repairs may seem insignificant, but letting them add up over time can lead to an overwhelming list down the road.

Take a personal inventory of repairs that need to be addressed. These could range from paver stones that need to be repositioned in a patio to a large-scale roof replacement. Walk your home inside and out, from top to bottom, and make a list of issues.

Look for paint that could use some retouching, tiles that need to be grouted, loose or scuffed baseboards, broken screens, squeaky doors, and everything in-between.

Budget and prioritize what can be addressed now, what needs a professional to fix, and what needs to wait for available funds.

Fall is also the time of year to prepare your home for the coming winter months. It is much easier to install storm windows during temperate weather than during a blizzard!

Be sure to address each of these issues each fall:

  • Call the HVAC guy:  Your unit has been working hard all summer during our hot weather. Now is a great time to service your unit before the chill of winter sets in.
  • Check and clean chimney:  Dirty chimneys cause hundreds of home fires every year. Be sure to have a professional clean and inspect your fireplace and chimney each fall.
  • Clean the gutters:  It’s not just about appearances, though clean gutters do look better. A clogged gutter system can back-up water on your roof and cause leaks.
  • Check your attic and roof:  Inspect the metal flashing around chimneys, pipes and vents. Look for loose shingles or tiles. Some observations can be made from the ground with binoculars or from a ladder, but think safety first and call in a professional if you need assistance.
  • Yard maintenance:  Be sure to rake leaves and pick up downed limbs during Fall. Empty and put away flower pots. Address flower beds and put down new mulch for a clean appearance.
  • Check your windows and doors:  Are there seals that need attention? If you have storm windows, now is a good time to install them.
  • Prepare winter equipment:  Put away your lawn mower (yay!) and service your chainsaw. Check to be sure your snow shovel is in working order in case you need it. It’s better to know now that a tool isn’t working than to discover this on a day you need it! 

Fall is a great time to address the needs of your property, while the weather is still warm and the sun still shines. Take an inventory of your home’s needs and be sure to follow through with proper home maintenance. When it comes to your home’s value, you’ll be glad you took care of things early.

If you need professional assistance, our HomeServices program is the place to turn. Their vendors have all been carefully screened to meet the highest standards of customer service. Visit www.HomeservicesNW.com today for details.

Prudential Northwest Properties Is Proud To Be Named a Top Workplace By The Oregonian!

Top Workplaces 2012

We’re very proud to announce that Prudential Northwest Properties has been selected as one of The Oregonian’s Top Workplaces! Companies receiving this honor have been determined solely on the basis of anonymous employee feedback to a survey conducted by Workplace Dynamics, a leading independent research firm on organizational health and employee engagement.

Jason Waugh, our President & CEO had this to say: “Being named a Top Workplace based on responses to a blind survey of our Brokers and employees makes me extremely proud. We have a wonderful culture here at Prudential Northwest Properties that has grown over the past sixty years under my father’s leadership, and it’s a tribute to him and to everyone in the company who work so hard every day toward a common goal of providing exceptional service.”

Chairman Bert Waugh, Jr., adds, “It’s wonderful to know that people feel proud to be associated with this company. I’m honored to have the support of such a terrific group of hard working and dedicated employees and real estate professionals behind us. That’s what makes our company so great, and why I love coming to work every day.”

The following quotes, shared anonymously on returned surveys, pretty well sum up why the company was deemed a Top Workplace:

“What impresses me most? Too many things to list … it starts with the best software and with the attitude of the leadership, starting at the top. Pru trains agents well and expects the best, and they are the best.”

“We have a team of professionals handling every area of our business.”

“The senior managers at the firm, including the Chairman and President, are excellent and are dedicated to the success of all of the firm’s staff and Brokers, to high integrity and values, and to achieving the highest possible quality in delivering service to our real estate clients. They are genuinely great people to be around and work with. I am absolutely delighted to work here!”

“My manager cares about me, and is open to new ideas and ways to improve our department. I feel appreciated and valued every day.”

“The company looks to the future with a respect and sensitivity to the agents and employees.”

“They have the agent’s best interest in mind always. We are given wonderful tools to work with. I wouldn’t work for another company because the management at Prudential Northwest Properties is wonderful and they work hard at making the company the best it can be.”

Sincere thanks to everyone at Prudential Northwest Properties for responding to the survey and sharing why you love this company so much. We’re thankful for each and every one of you and appreciate your dedication to creating a great real estate experience for your clients!

A Few Things to Consider Before You Sell

Deciding to put your home on the market can bring on a wide range of emotions. You may feel excitement at the prospect of moving on or moving up. Some sellers feel anticipation about what the future holds and about what kind of deals buyers may bring to the table.

On the other end of the spectrum, you may be feeling sadness or even regret. That’s because selling your house can feel a lot more like selling your home. Any and all of these emotional responses are normal! In order to stick to your guns and to keep on the sunnier side of the selling process it’s important to do five key things before you sell. Feeling prepared and in control of a situation is paramount to feeling good about your decision.

Before You Sell

Here are the five pre-selling tips:

  • Organize Paperwork: You most likely have papers regarding any home warranties. Prospective buyers are going to want to have these. Having them ready for viewing is a great selling point. You might also consider putting together a list of your current contacts for pool maintenance, lawn care, and even repair work companies.
  • Get an Inspection: Even “almost new” homes can have hidden damage. Most every buyer in today’s market will be getting an inspection. Beat them to the punch and have your own inspection performed so that you are not surprised come negotiation time.
  • Perform Repairs/Get Estimates: Having your own inspection gives you the time to identify problem areas and either repair them or get estimates to have ready for prospective buyers. They’ll appreciate how organized and up-front you are!
  • Get Organized: Start packing as soon as you decide to list your home. Removing or packing away some of your personal belongings has two great benefits. First, it allows some breathing room for your home to be staged and cleaned for showings (see below). Buyers want to be able to see the house, not your stuff. Second, it starts the process of moving on. As you pack up your things you’ll find that the house will feel less and less familiar, which can be great for letting go.
  • Stage: This means it’s time to amp up your curb appeal for starters. Trim trees and shrubs and pick up any debris from your yard. Keep your lawn in showing ready state all year around. You should also consider staging outdoor areas with freshly potted flowers, comfy chairs, and even outdoor accessories, such as lanterns, throws, and dinnerware. You may wonder what these very practical tasks have to do with emotions, but the truth is, they are so inextricably linked! Our experiences dictate our emotions. So, take the time to prepare for the selling process. Dot all your i’s and cross all your t’s and then sit back and enjoy your journey into a new stage of life!

If you’re thinking of selling and would like to talk it over with a real estate professional first, please contact one of our trusted brokers at Prudential Northwest Properties. We would be happy to answer your questions to help you make the best decision possible.

Looking Out for Others Brings Rewards

Thomas Guitar is relatively new to the real estate business, but he’s got more than enough experience in the practice of helping others to ensure his success as a real estate professional. One of his good deeds was recently brought to our attention by a letter we received from an appreciative client.

Thomas Guitar

Thomas Guitar, Prudential Northwest Properties real estate Broker

The letter came about because Thomas lives across the street from a property that had been For Sale By Owner for a very long time. The home was vacant and in need of a little TLC. Over the course of several months, Thomas, like scores of other area real estate brokers, contacted the owner to offer his professional services to help sell the property and, like the other brokers, was not contracted to do so because the owner typically managed his own transactions.

So, with no motivation other than to help the owner try and sell his home and to be a good neighbor, Thomas took it upon himself to cut the grass on the property across the street.  It was a simple gesture, yet it made a large impact on the homeowner and ultimately resulted in an opportunity for Thomas to sell the home and earn a very happy client.

Here is an excerpt from the letter we received from Thomas’ client:

“I don’t usually hire a real estate broker for my transactions, but this time I decided to do so. All I can say is that I am extremely glad I did. The sale of our property had some special difficult circumstances and the buyer brought additional issues and demands which complicated matters immensely. Without Mr. Guitar’s efforts, there is no way this deal would have transpired at all. His professionalism and attentiveness made my wife and I feel that we had chosen well and were in very capable hands throughout the entire process. Though he did all of the work and handled everything for me, I felt involved. I felt that Thomas advised and represented us exactly correctly and I will enthusiastically recommend him and Prudential Northwest Properties to everyone I know, without reservation.”

Thomas reached out to help someone without expectation of anything in return and it resulted in earning a listing, selling a home, and gaining a client for life. This is the kind of service that sets our people apart, and we are very proud of Thomas and all of the many Prudential Northwest Properties real estate professionals who consistently go above and beyond what’s expected to help others.

Thanks for your efforts, Thomas … you make us proud!

Tee It Up in Support of Transitional Youth

Join us as we support the 21st Annual Transitional Youth Golf Tournament at Stone Creek Golf Club on Monday, August 27th. Net proceeds from this tournament will help support local at-risk and homeless youth as they transition from life on the streets to stable household environments.

Click here to download registration information. To learn how Transitional Youth is helping local homeless youth, visit www.TransitionalYouth.org.

2012 Transitional Youth Golf Tournament



















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