Buying a home is a significant investment, and before closing the deal, you’ll need to go through several processes to ensure that the property is worth the money you’re paying for it. Two of these processes are the home inspection and the appraisal. But what exactly are these two things, and what’s the difference between them? Let’s find out!
First things first, a home inspection is a thorough examination of a property’s condition. A professional home inspector will examine the property’s structure, foundation, roof, plumbing, electrical system, and other important components. They will look for any defects, damages, or potential problems that may affect the property’s value or safety. The home inspection report will provide a detailed description of the inspector’s findings, along with recommendations for repairs or further investigation.
On the other hand, an appraisal is an evaluation of a property’s value. An appraiser will assess the property’s location, size, condition, and other factors that may affect its worth. They will compare the property to other similar homes in the area and consider current market trends to determine its value. The appraisal report will provide an estimated value of the property, which the lender will use to determine the amount of the loan they are willing to provide.
So, the main difference between a home inspection and an appraisal is that the inspection focuses on the property’s condition, while the appraisal focuses on its value. The two processes are equally important and serve different purposes.
A home inspection is crucial because it can help you identify any issues with the property that may affect its safety or value. For instance, if the inspection report reveals that the roof is damaged, you can negotiate with the seller to either repair it or reduce the selling price. You can also use the report to make an informed decision about whether or not to buy the property.
An appraisal, on the other hand, is essential because it helps you determine the property’s market value. This information is crucial because it determines the amount of money that the lender is willing to provide you with. If the appraisal report shows that the property is overvalued, you may have to renegotiate with the seller to lower the selling price.
In summary, a home inspection and an appraisal are two different processes that serve different purposes. While a home inspection focuses on the property’s condition, an appraisal evaluates its value. Both are critical steps when you’re buying a home and you don’t need to manage them by yourself. Let’s connect today so you have the expert guidance you need to navigate the entire homebuying process.
Salem, Oregon, and the surrounding Mid-Willamette Valley are known for their natural beauty, historic landmarks, and diverse food and beverage scene. While many of these attractions and eateries are well-known, there are plenty of hidden gems that locals might not know about. Whether you’re a longtime resident or a first-time visitor, here are some unique places to explore in the area.
For those with a sweet tooth, the Willamette Valley Pie Company in Salem is a must-visit. This family-owned bakery uses locally sourced ingredients to create delicious pies, tarts, and other baked goods. Their pies come in a variety of flavors, from classic apple and cherry to more unique offerings like marionberry and chocolate hazelnut. You can also grab a cup of coffee or hot cider to enjoy with your pie.
For a fun and whimsical day out, head to the Enchanted Forest Theme Park in Turner, Oregon. This family-friendly attraction is inspired by fairy tales and nursery rhymes and features rides and attractions like a log flume, roller coaster, and haunted house. There are also plenty of food vendors and gift shops on-site, so you can make a full day of it.
If you’re looking for a peaceful escape from city life, check out Minto-Brown Island Park in Salem. This large nature park offers over 1,200 acres of hiking and biking trails, picnic areas, and scenic views of the Willamette River. You can spend hours exploring the park and soaking up the natural beauty of the area.
Deepwood Estate is a historic home and garden in Salem that dates back to the late 1800s. This beautiful property features Victorian architecture, lush gardens, and walking paths. Visitors can take a guided tour of the house and learn about the history of the property, or simply stroll through the gardens and enjoy the serene atmosphere.
The Historic Reed Opera House in downtown Salem is a must-visit for history buffs, with its rich past as a performance space for famous acts and performers, and now home to a variety of unique shops, restaurants and services.
If you’re in the mood for some retro gaming fun, head to Coin Jam in downtown Salem. This retro arcade and bar features classic arcade games and pinball machines, as well as a full bar with craft beer and cocktails. It’s a great spot for a date night or a night out with friends.
For a taste of authentic Italian cuisine, check out Bari in Salem. This family-owned restaurant serves up classic Italian dishes, including homemade pasta, wood-fired pizzas, and seafood dishes. The cozy atmosphere and friendly service make it a great spot for a romantic dinner or a family gathering.
Honeywood Winery is a local winery in Salem that specializes in fruit wines, including blackberry, raspberry, and cranberry wines. You can visit the winery for a tasting and learn about the wine-making process, or simply pick up a bottle to enjoy at home.
Boon’s Treasury is a historic tavern in Salem that dates back to the 1800s. This cozy spot features a menu of classic pub fare, including burgers, sandwiches, and soups. There’s also a wide selection of beers on tap, making it a great spot for happy hour or a casual dinner.
Located in Riverfront Park in downtown Salem, the Salem Riverfront Carousel is a beloved local attraction that is fun for all ages. This beautifully crafted carousel features 42 hand-carved wooden animals, including horses, dragons, and unicorns, as well as a menagerie of other animals like frogs, cats, and rabbits.
Overall, Salem is full of unique and hidden gems that are just waiting to be discovered. Whether you’re in the mood for nature, history, food, or fun, there’s something for everyone in the beautiful Mid-Willamette Valley region of Oregon. So, get out there and start exploring!
Are you looking to sell your home and wondering how to make it stand out from the rest? When it comes to listing a home for sale, the quality of the photographs can make a big difference. At Lovejoy Real Estate, we understand that stunning visuals are crucial to selling a property quickly and for the best price. In this blog, we’ll explore these different levels and why flash-ambient photography is the best method for getting more eyes on your home.
First off, let’s talk about the different levels of real estate photography, ranging from basic iPhone quality shots to more advanced techniques like HDR and flash-ambient photography.
With the advancements in smartphone camera technology, it’s easy to snap a quick photo of a property with your phone. However, iPhone quality photos usually lack clarity and often have poor lighting. This type of photography is usually not good enough to showcase your property in its best light.
HDR (High Dynamic Range) photography involves taking multiple photos of the same scene at different exposure levels and then combining them into one image. This technique can create more balanced lighting with greater detail in both the brights and shadows. However, HDR photos can sometimes look bland or run the risk of not being color accurate.
Flash-ambient photography is a technique that combines ambient light and artificial light (flash) to create a more balanced and natural-looking image. This technique involves using a flash in different locations to enhance the existing light in a room, resulting in a bright, evenly lit space. The goal is to make the room look as inviting and spacious as possible, while preserving the true colors and textures in the room. This method eliminates any interference from mismatched light fixtures colors (cool vs warm light) and bright exteriors.
Now, why does photography matter so much in real estate?
Well, think about it. Most buyers start their search online, and the first thing they see is the photos of the property. If the pictures are not up to par, the potential buyer may quickly move on to the next listing without even considering your property. That’s why it’s essential to have high-quality photos that showcase your home’s best features and make it stand out from the crowd.
At Lovejoy Real Estate, we take photography seriously, and that’s why we use flambient photography for all our listings. We want to ensure that each property we sell looks its best and is showcased in the best light possible. We understand that selling a home can be a stressful experience, but we are here to make it as easy as possible for you.
In conclusion, if you’re looking to sell your home, don’t underestimate the power of photography. It can make all the difference in getting your property noticed and sold quickly. At Lovejoy Real Estate, we pride ourselves on our attention to detail, and that’s why we use flambient photography for all our listings. Contact us today to learn more about how we can help you sell your home!
May 2023 Events
All Month Long
Multiple Locations
May 5th-7th
Tom McCall Waterfront Park
Miss Oregon & Mrs. Oregon Pageant
May 6th
Salem, Elsinore Theater
A Practically Perfect in Every Way Tea Party with Mary
May 7th
Salem’s Riverfront Carousel
Clackamas County Fairgrounds
May 12th & 13th
May 13th
Downtown Camas
Saturday May 13th
St. Johns
May 13th-14th
Oregon Convention Center (Legos)
May 19th-20th
McMenamins Hotel Oregon
May 19th-21st
Mt. Angel Biergarten
May 20th 9:00am-4:00pm
Heritage Powerland Park | Brooks, OR
May 20-21
Mt. Tabor Neighborhood
Portland Rose Festival/ CityFair
May 26th-June 11th
Waterfront
May 27th-29th
Oaks Amusement Park
Hey there, future PNW homebuyers! Are you feeling like it’s impossible to find your dream home in this low-inventory market? Fear not, because we’ve got some tips and tricks to help you navigate this challenging market with confidence and even a bit of humor!
- Be Prepared
One of the best things you can do as a buyer in a low-inventory market is to be prepared. This means getting pre-approved for a mortgage, having your finances in order, and being ready to act quickly when you find the right home. Don’t worry, we can recommend an amazing lender that will help get you started! So, take a deep breath, organize your finances, and get ready to pounce!
- Be Flexible
When inventory is low, you might not find exactly what you’re looking for right away. But don’t give up hope! Be open to different neighborhoods, home styles, and even fixer-uppers. Who knows? You might end up falling in love with a home you never even considered before.
- Work with a Professional
Navigating a low-inventory market can be tricky, so don’t try to do it alone! Work with a professional real estate agent who knows the ins and outs of the local market. Our agents can help you find homes that haven’t even hit the market yet, and they can help you make a strong offer when you do find the perfect home.
- Stay Positive
Remember, the real estate market is cyclical. Just because inventory is low right now doesn’t mean it will always be that way. Stay positive and keep your eyes peeled for new listings. Your dream home might be just around the corner.
- Embrace the Adventure
Finally, remember that buying a home is an adventure! It’s an exciting time to explore new neighborhoods, meet new people, and create new memories. So, take a deep breath, enjoy the journey, and embrace the adventure!
In conclusion, buying a home in a low-inventory market can be a challenge, but it’s not impossible. By being prepared, flexible, and working with a professional, you can find your dream home in no time. So, don’t let low inventory get you down. Stay positive, embrace the adventure, and give us a call to make your home buying dreams a reality!
Just looking at what’s available? Start your search below:
Ahoy there, adventurous readers! Today, we’re embarking on a journey to the charming town of Tigard, Oregon, where the grass is always greener and the vibes are always welcoming. With a population of over 50,000, Tigard is like a little slice of heaven nestled in the heart of Washington County. Whether you’re a peace-loving suburbanite or an adrenaline-junkie urbanite, Tigard has got you covered with its plethora of exciting options. So buckle up and get ready for a ride, because we’re about to uncover what makes Tigard an amazing place to call home and visit!
First up is Bull Mountain, where the views of Mount Hood will make your jaw drop! This affluent neighborhood on the southern edge of Tigard is just one of the many beautiful and picturesque spots you’ll encounter. Then there’s Metzger, the center of Tigard known for its established homes and tranquil streets. Or how about the newer development of Summerlake, with its mix of single-family homes and townhouses? Click the link below to see what homes are currently available in Tigard!
But hold your horses, because Tigard has way more than just stunning neighborhoods. This town is a nature lover’s paradise, with over 500 acres of parks and 20 miles of trails. Cook Park, one of the most popular parks, features a large playground, multiple sports fields, and a beautiful riverfront trail. Don’t forget Dirksen Nature Park, where you can observe a diverse array of wildlife and plant species, or Bonita Park, a beautiful spot for picnics and serene pond watching.
Shopping and dining? Tigard has got you covered. With over 170 stores at the Washington Square Mall, you’ll find everything from high-end brands to budget-friendly options. Bridgeport Village is another fashion and lifestyle shopping hot spot, with upscale and posh shopping, dining and entertainment options. And when it comes to dining outside the mall, Tigard has it all, from classic American diners, Tap houses and Pubs, to international cuisine. Yum!
Let’s not forget about the annual events that Tigard residents look forward to every year. You don’t want to miss the Tigard Farmers Market, where you can snag fresh produce and handmade crafts from local vendors every Sunday from May to October. The Tigard Festival of Balloons in June is a spectacular sight with hot air balloon rides, carnival rides, and live music. And who can resist the Tigard Art Walk or the Tigard Christmas Tree Lighting?
Last but not least, Tigard has tons of activities and attractions for everyone to enjoy. If you’re feeling sporty, you can check out Infinity Golf or D-Bat Batting Cages. For those who prefer something more laid back, you can visit Senet Game Bar, Stumptown Escape Games, or Tigard Bowl. And if you’re feeling extra adventurous, you can experience indoor skydiving at iFLY Portland!
In conclusion, Tigard, Oregon is a vibrant and diverse community with something to offer for everyone. Whether you’re a young professional, a growing family, or a retiree looking for a peaceful community, Tigard has it all! So pack your bags and come explore this hidden gem of the Pacific Northwest.
Hey there, eco-warriors! Are you ready to level up your sustainability game? As much as we love our cozy homes, they can contribute to our carbon footprint. Fear not, for small changes can make a big impact!
By swapping out some of your everyday products for more eco-friendly alternatives, you can contribute to a cleaner and greener planet. And who doesn’t want that, right? Get ready to become the eco-hero of your household, one switch at a time!
Reusable Beeswax Food Wraps
Compostable Cellulose and Coconut Walnut Scrubbing Sponges
Get a pack with multiple sizes to have on hand!
These natural fabric softeners save drying time while reducing wrinkles on your clothes
Biodegradable and zero waste
Washable & Reusable organic cotton un-paper towels
Cute designs and another great alternative to paper towels
Vinegar wash with 100% natural essential oils
Eco-friendly bamboo toilet paper. Organic, plastic free & compostable.
Skip the disposable wipes and remove your makeup with these soft & reusable cloths.
There are so many options and brands to choose from that are plastic-free and eco-friendly.
Who doesn’t love a water balloon fight?! I can tell you no one loves cleaning up all those little balloon pieces after the fight. We love this option as an alternative PLUS you don’t have to tie all those tiny balloons!
Did we miss one of your favorite items? Let us know in the comments below!
The spring Portland real estate market is officially in bloom. However, with low inventory and more buyers than homes on the market, it can be challenging to get your home noticed among the sea of potential properties. But don’t worry, with a few tips and tricks, you can make your Portland home stand out and maximize your home sale profits.
Price it Right
The first step in getting your home noticed is pricing it right. While buyers may be willing to pay a premium for the right home, they will also quickly lose interest in homes that are overpriced. Working with a trusted agent who knows the Portland market is crucial to determine a competitive price. A knowledgeable agent can help you avoid overpricing and ensure that your home is priced to sell.
Make it Shine
With fewer options on the market, your home needs to stand out. One way to do this is by making sure your home is clean, decluttered, and staged to perfection. This step is essential because buyers often have a hard time imagining themselves in a cluttered space. Highlighting your home’s best features can be achieved through staging, which can help potential buyers envision themselves living in the space.
Be Flexible
In a low inventory market, you’ll have more negotiating power. However, staying flexible on closing dates, repairs, and other factors can make your home even more attractive. If you are willing to work with buyers on these points, you may find that your home sells faster than others in your area.
Create Urgency
Creating a sense of urgency can also help your home get noticed. One way to do this is by setting a deadline for offers or hosting an open house to generate interest. An experienced agent can share what works best in your neighborhood, as every market is different.
In Conclusion
If you’re planning to sell your Portland home in a low inventory market, remember to price it right, make it shine, be flexible, and create urgency. And don’t forget to work with an experienced agent who knows the Portland market well. By following these tips, hiring an experienced agent, and highlighting the unique features of your home and the Portland area, you can help your home stand out and sell quickly.
If you are in need of an experienced agent to help you buy a home in the Portland-Metro to Mid-Willamette Valley area, we are here to help! CLICK HERE for more information.
Hey there, fellow Portlanders! Have you been keeping an eye on the housing market lately? With all the recent shifts, you might be wondering why home prices aren’t crashing like some predicted. Well, let’s dive in and take a closer look.
First off, we all know that mortgage rates rose dramatically last year, making it harder for many people to buy a home. Plus, after several years of rapid price appreciation, home prices finally peaked last summer. But even with these changes, prices have remained relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), believes that will continue:
“Home prices will be steady in most parts of the country with a minor change in the national median home price.”
So, why aren’t sellers lowering their prices to attract buyers in today’s market? Well, it turns out there’s another factor at play: low inventory. Yep, we’ve been at or near record-low inventory levels for a few years now. And according to Yun, that’s limiting just how low prices will go:
“We simply don’t have enough inventory. Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30 percent price decline is highly, highly unlikely.”
In other words, if more homes don’t come to the market, a lack of supply will keep prices from crashing. And, unfortunately, inventory isn’t likely to rise significantly this year, according to industry expert Rick Sharga:
“I believe that we’re likely to see low inventory continue to vex the housing market throughout 2023.”
As you can see in the graph below, we’ve been at or near record-low inventory levels for a few years now.
So, what does that mean for sellers? Well, since they have plenty of equity right now, and with many are locked into low mortgage rates, most homeowners are under no pressure to move. At the same time, there are still a lot of people who will sell this year. Whether they need to downsize to a smaller home, have a growing family and need more space, or are ready for a change of scenery, there will always be people selling.
If you’re in the market for a new home, it’s more important than ever to work with a trusted real estate agent who knows your preferred neighborhood and can navigate the current market to help you find the right home at the right price.
In conclusion, a lot of people were expecting prices to crash this year, but that isn’t happening. Why? There simply aren’t enough homes for sale. So, if you’re thinking about making a move this spring, be prepared for a competitive market. And don’t forget to give your Lovejoy Real Estate agent a call – we’ll be your secret weapon in this crazy market!
More outdoor events are starting to pop up this month in the Willamette Valley. Check out the list below and leave us a comment if we missed anything!
The Great Junk Hunt
April 14th-15th
Oregon State Fairgrounds – Salem, OR
Green Living: Home & EV Expo
Saturday, April 15th
Benton County Fairgrounds – Corvallis, OR
Earth Day
April 22nd
There are so many different Earth Day Clean up events! CLICK HERE to see a complete list of events in Oregon that you and your family can participate in and help bring awareness to your community.
9th Annual Corvallis Tweed Ride
Sunday, April 23rd
Corvallis, OR
