Real Geeks builds powerful, simple and easy-to-use software to help real estate professionals generate more business. Their mission is to combine innovative solutions and modern technology to improve the lives of Real Estate Professionals.
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◆ Capture more leads with SEO Optimized Sites
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This month’s tip comes from Crystal Spicher, Escrow Officer in our Lake Oswego office.
What is Title Insurance?
The purchase of a home is often the single largest investment people will make in a lifetime; therefore, the importance of fully protecting such an investment cannot be over stressed.
Title insurance is protection which assures that the rights and interests to the property as expected, that the transfer of ownership is smoothly completed and that the new owners receives protection from future claims against the property.
Red flags on a title report may include unresolved liens, undisclosed heirs, property boundary disputes or errors in public records.
It’s crucial to thoroughly review the title report to identify any potential issues that could impact the property ownership or marketability.
Consulting with your title and escrow team can help address and resolve these concerns.
Questions? Our customer service team is here to help. Reach them via email at ticor.resource@ticortitle.com or by phone at 503.219.1000
This month’s webinar is on Thursday, April 18th at 10am. Our topic is Working with Investors Using 1031 Exchange from our speaker Milissa Ormiston with IPX 1031. We hope you can join us!
This month’s webinar is on Thursday, March 21st at 10am. Our topic is Navigating Divorce in Real Estate from our speaker Cristina Stanek with Summit Mortgage and Rose Hubbard, Attorney-at-Law. We hope you can join us!
This month’s tip comes from Kass Wheeler in our Downtown Portland office.
Customer contact information. Having accurate contact information, email and phone number from the start is crucial. It allows us to reach out immediately and introduce ourselves, talk to them about the process and what to expect. This helps reduce the chances of interceptions from a non-affiliated party. Your customer’s experience is the utmost importance to us as well as keeping their information safe as possible. It can also allow us to be aware if they are out of State residents as additional tax documentation will be required from them when selling a property. We like to get that to them well in advance so they can take their time to complete it or consult their tax professional. Also, if they are out of State there are additional charges for a mobile signing. Bottom line is no one wants any surprises at the last minute. Our goal to make their transaction as smooth as possible!
Need assistance? Our customer service team is here to help. Reach them via email at ticor.resource@ticortitle.com or by phone at 503.219.1000
2023 is in the books, so let’s take a look at how it went. Listing activity was down compared to the last 2 years, and pending and sold listings also were below 2022 and 2021 levels. Cancelled listings trended higher than the past 2 years as well, but not as significantly as the deviations from Active, Pending and Sold listings.
The List to Sell ratio, which shows how much above or below asking price homes sell for, on average, was 99.5 percent. Most homes were selling for half a percent below the list price. That is a significant change from 2022, where houses were selling for above asking price on average, at 102.4%.
Market time was significantly higher than the past 2 years when 2023 began, but by the end of the year, things were trending closer to 2022. Homes are sitting on the market for quite a bit longer than they were during the pandemic years, but are not as high as they have been in past decades when the economy was struggling.
New construction saw a boost in 2023 compared to 2022. 11.3% of residential home sales in the Portland Metro area were new construction, compared to just 9.35% in 2022.
Overall, the market has slowed significantly in 2023, but there are still transactions occurring. While homes are selling for slightly below asking price on average, and with higher market time, we aren’t seeing huge swings in the trends, and transactions are still making it to close in a historically appropriate timeframe. As winter wraps up and we head into Spring, we should see the market ramp up into a busy season once again.
This month’s webinar is on Thursday, February 22nd at 10am. Our topic is A New Landscape: How to Navigate a Changing Rental Market and Capture the Opportunities, taught by Dan Hayes with Real Property Management Solutions.
This month’s tip comes from Rochelle Navarro, Escrow Officer and Brand Manager of our Amberglen office.
In recent months, there has been an increase in attempted scams targeting absentee sellers. The scammers pose as the property owner and attempt to sell their property without their knowledge. In order to protect these sellers and their agents, we have implemented a multi-step identity verification process for absentee sellers. Through this process, we require a virtual appointment and government ID verification to make sure they’re really who they say they are. The process is quick and seamless but will aid in preventing potential theft. If you have further questions about this process and how it may impact your future transactions, feel free to reach out directly to your Ticor Title Escrow Officer and they will be able to help.
Need assistance? Our customer service team is here to help. Reach them via email at ticor.resource@ticortitle.com or by phone at 503.219.1000
Updating your Google business profile is paramount for realtors in today’s digital age. It’s a direct gateway for potential clients to discover your services, contact information, and customer reviews. Keeping your profile current with accurate details, high-quality photos, and engaging content not only boosts your online visibility but also instills trust in potential clients. In Real Estate first impressions matter, a well-maintained Google business profile can be the key to attracting and retaining clients, ultimately helping you as a realtor succeed in a competitive market.
