Welcome To The Alba Group's Blog

On a weekly basis we bring up to date current information about the real estate market in Medford, Eagle Point, Pheonix and the surrounding areas of Jackson County and Josephine County Oregon.!

Sep 15 2013

Deciding To Build Your Own Home

Buy A Used Home Or Build Your Own Home As a Medford OR home buyer, you have a choice to either build your own home or buy a house already built. One of the advantages of building your own home is that you can select your cabinets, counter tops, appliances, carpets and floor plans as they best fit your family’s needs. If you need a master bedroom on the main floor, you can have it! You can build the walk in closets so they are customized to suit your wardrobe. Your new home can reflect your style and not someone else’s. Another concern about buying a used home is that you may find yourself replacing appliances or other systems sooner than you had anticipated. With a new home under warranty you will not have to worry about that. Plus you can have the latest designs and features and have years of enjoyment without replacing them for a long time. New homes also offer a savings because they can be more energy efficient than homes even five years older. This is a huge advantage. The longer you live in your home the more you could save. Building a new home could even save you money in the long run. A great consideration if you have a family is home safety. A new home will have state-of-the-art circuit breakers. The garage doors will have infrared beams to stop when a child or bike is too close. The paint in a new home has less volatile compounds and more environmentally-friendly. Lastly a newly built home has the new home feel. A used home is someone else’s dream. Your new home could reflect your dreams. Your new home could have the newest designs, style and quality and provide you and your family with a carefree lifestyle for years to come. Related articles The Top 3 Reasons to Build Your Own Home Don’t Make These 8 Common Home Building Mistakes Families moving into homes they built themselves as part of collaborative Missoula housing program

Read more

Sep 01 2013

What Features Home Buyers Are Willing to Pay Extra For

Features Buyers Are Willing to Pay Extra For What would you as a home buyer, be willing to pay extra for? Most people would answer new kitchen appliances and the comfort of central heat and air conditioning, according to the 2013 Home Features Survey by the National Association of REALTORS(R). Buyers who purchased a home without new kitchen appliances said they would be willing to pay up to $1,840 extra to home a home with new appliances. Those that purchaeed a home without central heat and airconditioning said they would be willing to pay an average of $2,250 more to have it. This table shows other items buyers are willing to pay more for: Feature Amount Buyers Willing to Pay Extra For Home less than five years old $5,020.00 Waterfront property $5,420.00 Laundry room $1,590.00 Den or study or home office $1,920.00 Basement $3,200.00 In-law suite $2,920.00 Keep in mind that this was a national survey and all real estate local. I would be happy to discuss with you what your local neighbor real estate market would bare in marketing of your home. However, these are things to consider as a home buyer as well as a home seller.  When negotiating your home for sale or in the purchase of a home, consider all the terms and conditions of the agreement, including how much value extra features such as new appliances really do offer.    

Read more

Aug 25 2013

Borrowers Experience More Scrutiny From Lenders

More Scrutiny from Lenders Even borrower’s with stellar credit are experiencing more scrutiny from lenders when buying a home in Medford Oregon.  Real estate transactions are taking a little longer than they use to.  Do not get caught in a “traffic jam of paper work”, and respond to lender requests for information promptly. The questions a lender asks may seem strange or out of sync with a home purchase.  Do not be alarmed.  If you have any questions or concerns you can always ask your Realtor for some clarity. Here is a list of things that may be scrutinized by a lender:  Divorces Gaps in employment Pending lawsuits If your income relies on commissions or a bonus Borrower’s on disability Any large irregular deposit in your bank account Child support or alimony payments or receipts This increase in scrutiny from lenders is aimed at insuring that borrower has the ability to pay. Many borrower’s rare surprised at the intensity of the loan application. Often times the request for more information could mean delays in a real estate transaction. This is why it is important to respond to your lenders request as quickly as possible. If you feel there has been an undue delay in your loan application you can contact a fair housing center to ask them to monitor the situation.  

Read more

Aug 20 2013

How To Buy The Right House

Questions to ask when you want to buy the right house. There are many choices out there.  And you want to buy the right house.  No doubt buying a home is an emotional experience. We want to feel warm and cozy about where we live. Home buyers will visit house after house waiting to “get the right feeling” about the house. Getting good vibes should help make the decision but should not overrule making a logical assessment. Price Your lender may tell you that you can afford $X but the question you have to ask yourself is “Can I afford the monthly payment?” Remember homeownership means you must make any repairs because you are the landlord. It Is advisable to set aside funds in your budget for unexpected repairs. Moving is expensive. Take into account closing costs and all moving expenseces when deciding how much you can afford. Condition Take a close look at the home before you fall in love. Get a home inspection and determine what expenses you will need to bring the home up to your expectations or standards. Size and Configuration How big is the house and how much space do you need? Is there enough closet space. Does the kitchen have enough countertop and cabinet space? Is there enough parking space in the driveway? Is there enough bathrooms for everyone to get ready in the morning? Comfort Decide if you want a one level ranch or if you are comfortable with a two story home. Do you need central heating and cooling systems? In older homes this may need to be upgraded. Style There are many types of architecture designs. From modern to Victorian, determine which style best suits you and your décor preferences. Resale Potential Most people livein a home for seven years before they move again. Keep in mind that you could get an awesome job opportunity and be transferred to another location. You would then need to sell your home. Remember to purchase a home that has a good resale potential. Purchase a home that another home buyer would also want to buy within a reasonable time frame. Features Some people do not realize that buying a home with a pool is expensive. Or how about those beautiful oak trees in the back yard. They may look great in the spring or summer but remember in the fall your back yard will be full of acorns and leaves. Beautifully landscaped homes are easy to look at but remember the maintenance of this landscaping could be time consuming and expensive. Take time to review the items listed here before writing an offer on your home. Ask yourself some serious questions and do your due diligence. Decide what you must have and what you can live without.    

Read more

Aug 06 2013

What Is In Your Refrigerator?

As a Medford Oregon home seller you may not think that your refrigerator could be the deciding factor to a home buyer. However when a home buyer previews your home, if your refrigerator is over-stuffed, has sticky shelves, expired vegetables or worse yet smells to high heaven, it is definitely going to leave a negative impression. While you are decluttering the counter tops, and removing the magnets on the front of the refrigerator, you want to take a close look at the inside. Be sure to remove any potential turn off. Do you need a refrigerator intervention? If the appliances are conveyed with the home sale buyers are going to open the doors and look inside. If the only thing you have in the refrigerator is beer and frozen pizza buyers will pass judgment. However if you strategically places two bottles of champagne and some grapes in the refrigerator, they will get a totally different vibe. What does your refrigerator say about you? When selling your home, don’t forget to clean out your refrigerator. Remove leftovers that may be hiding in the back. Make the shelves sparkle. If you are so inclined to take it to the next level, add a bowl full of fruit. Remember presentation is everything.   Related articles [reorganized] How I Organized My Refrigerator [reorganized] How I Organized My Refrigerator

Read more

Jul 29 2013

First Time Buyers Purchase Short Sale

A Short Sale For First Time Home Buyers When first time home buyers purchase a short sale it can be very challenging.  There is nothing I enjoy more than  helping a client find a home.  Buying a home for the first time can be scary and challenging.  Making a final decision is not easy.  Recently we had an opportunity to help these buyers find their first home in Medford Oregon. Our first home buying experience was a wild ride; luckily we had the right help to get us through this new experience and made it as memorable and fun as we were hoping for.  We ended up putting an offer in on a short sale house shortly after we began looking at homes in the Medford area. Vic started by showing us houses that were in our price range with the features that we were looking for without pressure to jump on any one. Of course once we found the one we wanted it became a little nerve racking making that big decision to buy it. We decided on a two bedroom, one bath house that was built in the 1950’s. It was our perfect starter house. Overall the process was as smooth as we could have hoped for with a short sale and with Vic on our side we ended up coming in under budget and closing earlier than we expected.  Now we are loving everyday in our new home and are very excited to begin adding our own little touches. If you are looking for a home or know someone who is searching for a home in the Medford Oregon tell them about the Alba Group or better yet give us a call and we promise we will follow up and treat your referrals like royalty. Related articles Do you know What exactly is a short sale in real estate? Need to know how to Handle a Short Sale of your home? Want to Buy after Short Sale or Foreclosure?  

Read more

Jul 28 2013

What Sold For $1,000,000 in Ashland Oregon?

 Sold For $1,000,000 The highest sale that sold for $1,000,000 or more in Southern Oregon during June 2013 was 10880 Corp Ranch Road in Ashland Oregon. This amazing estate created of high quality and efficient materials and systems offering an incredible value for those discriminating buyers looking for a home of this magnitude. This 6,000-square-foot home is part of an exquisite estate nestled amidst 13.84 acres of privacy and solitude, complete with sweeping views of the Cascade and Siskiyou Mountains. Exteriors are wrapped with mahogany siding and trim, flowing Klamath River rock belly band and the roofs with concrete tiles.  Energy Saving The energy saving geothermal radiant heated floors consist of bamboo, tile and travertine. The home features high efficiency insulation plus low-voltage Vantage lighting and control systems. Gorgeous Kitchen In the kitchen you will find rare imperial blue quartz granite is used for counter tops, there are mahogany and lacewood cabinets and built-ins. Throughout the house you will find maple doors and windows. Large windows and skylights allow for natural light to pour in, not to mention mesmerizing views when looking out!  Great Room The great room was made for entertaining and comprises approximately 1,000 square feet, and features hand-worked 100-year-old fir beams forming a spoke pattern in the vaulted ceiling, plus massive skylights, top-of-the-line lighting system, gas fireplace and a wood-burning fireplace.  Master Bath The master bathroom features limestone flooring, rain forest marble dual-sink vanity top and back splash, jetted tub with rain forest marble surround and glass enclosed dual shower, toilet and bidet, and radiant heat flooring.  The Garage The detached 3-car radiant heated garage has 1,266 SF of additional living space above, including guest quarters with a full bath and an executive-style office with half-bath.  Outdoor Landscaping The landscape design includes a lagoon style pool, multiple waterfalls, jetted spa and landscaped pond.  Sold For $1,000,000 The property came on the market on August 24, 2012 for $1,790,000 and sold on June 10, 2013 for $1,450,000. Buyer used conventional financing to complete the purchase. Current year’s property taxes are $20,309.  

Read more

Jul 10 2013

Real Estate Market Report June 2013

Real Estate Market Report June 2013

Real Estate Market Report June 2013 Once again it is time to take a look at the numbers.  The chart below indicated that the market highest ratio of sales is the price range between %100,001 and $200,000 with %51 of the homes on the market being sold in Jackson County.  As for Josephine County the highest  ratio of sales  is the price range up to $100,000 selling at a rate of about 35%. This means we still have quite a bit of inventory on the market. Higher Price Range Tougher Sale It is when you get above the $500,000 that you really see a lower percentage of homes on the market being sold.  The ratio drops to 4% in Jackson County and 3.4% in Josephine County.  This is typical in most markets. Thirteen Months of Inventory Looking at the real estate market as a whole in both Jackson County and Josephine County we are experienceing a buyers market with a little over 13 months of inventory on the market.  Keep in mind that real estate is local. Each neighborhood is different, each street is different.  Be sure to analyze your local market with an experienced agent that knows your neighborhood.  Give us a call and we will be able to sit down and review your neighborhood, wherever you live, whether you live in Medford, Ashland or Eagle Point Related articles Jackson County and Josephine County Oregon Real Estate Market Report April 2013 Real Estate Market Report May 2013

Read more

Jul 04 2013

The American Dream of Home Ownership

On this fourth of July, let me take this opportunity to thank our customers and clients who have trusted us through the years and allow us to reach our American dream. I am reminded how privileged we are to live in a country where we can own our own land, our own house and live free. It is the American dream. Owning a home is still a way of life here in the United States of America. Many people are able to gain wealth, through home ownership. Many people find they enjoy the security of owning their own home. Raising a family in the security of your own home is one of the many freedoms we enjoy here in the U.S.A. Some families move across the country throughout their life time and are able to own several homes. Others own the same home their entire life. I know I love selling real estate. One of the reasons I enjoy my job, is because I believe it is patriotic. To be part of so many people reaching and obtaining the American dream is one of the most patriotic things I could imagine doing. Maybe it is not as patriotic and those who actually have gone out on the front lines and fought for our freedoms. I do not mean to compare myself to them. However, some times when bringing a real estate transaction to the closing table it can feel like I have fought in a war. I will always be grateful for those who have served so that we can be free and aspire to reach the American Dream. One of the symbols of promised prosperity of American is owning your own home. Whether it is a little cabin in the mountains or a large ranch in the prairie remember The Alba Group is dedicated to help you and your family reach your American dream.     Related articles The American Dream of Home Ownership Going Strong Buying vs Renting

Read more

Jun 25 2013

Where To Watch July 4th Fireworks

Don’t you just love the July 4th fireworks? Everyone wants to know where the fireworks are. July 4th Fireworks Schedule Location Time Fireworks Display SOU Athletic Field 10 pm Eagle Point 11 a.m. Parade 9:30 pm. fireworks Astoria Robinson Community Park behind City Hall 4 p.m. Parade at 5 p.m. Fireworks at Dusk Medford OR EPHS football stadium 11 a.m. Parade Dusk Fireworks Lewis and Clark National Historical Park Flintlock Volley Firing at 10:30 AM, 1:30 PM and 4:30 PM Warrenton Old Fashioned Parade, Warrenton. Along Main Ave Parade at 3 p.m. Warrenton, Oregon Seaside Fireworks. Massive fireworks display 10 p.m. Seaside, Oregon Fire Dancers. A performance by Flamebuoyant Productions 9-9:30 p.m Cannon Beach Fourth of July Parade 11 a.m.-noon. Downtown Cannon Beach, Oregon Manzanita Pancake Breakfast, Parade and Fireworks Pancake breakfast at the Fire Hall from 8:30-11 a.m. Parade at 1 p.m. Fireworks on the beach at 10 p.m Rockaway Beach Fun Day on the Beach. Parade, Lion’s Club bake sale, and fireworks Rockaway Beach, Oregon Pacific City Fireworks. Dusk. Bob Straub State Park Fireworks at Dusk Lincoln City Fireworks at Dusk Siuslaw River Traditional fireworks on the in Historic Old Town plus car show & fly in at the Florence Municipal Airport featuring hot rods, military vehicles and aircraft of all types Related articles Fireworks Safety Tips CALENDAR: Area Independence Day events Where to Watch Fireworks

Read more