Tigard 224 Community Advantage Magazine February 2023

Gorgeous Home In Serene Setting

Gorgeous one level home in a serene setting. Enter this single level beauty to formal living/dining rooms before entering an open kitchen and eating nook. Beautifully finished sunroom leads directly into a large,private backyard w/conversation area and tons of room to entertain. Workshop, additional outbuilding landscaping, and garden beds are sure to delight. Large garage w/lots of storage and workspace, as well as newer furnace. This home is move-in ready and just waiting for you!

Tigard Stats Corner

Jaimy Beltran Licensed Oregon Broker / Owner Beltran Properties Group

HAVE YOU RECEIVED A QUOTE ARE NOW SUFFERING FROM I’M THE ONE “THEY” DON’T

BECAUSE I OFFER MORE ENERGY EFFICIENT 60% LESS THAN THE SALE PRICES OF

WITH NO SALESMAN AND LOW OVERHEAD I CAN OFFER YOU THE MORE ENERGY EFFICIENT HEAT BLOCKER EXTREME® TRIPLE PANE WINDOWS FOR UP TO 60% LESS THAN MOST OTHER COMPANIES SALE PRICES FOR DOUBLE PANE!

OWNER: DAVID THOMAS GIVE ME 45 MINUTES AND I COULD SAVE YOU THOUSANDS!

Dave's presentation took 30 minutes and the price was 1/3 the cost of double pane windows and a 4 hour presentation by another company…….. The reduction in street noise with these new windows is amazing…….. JUST 1 OF OVER 300 FIVE STAR REVIEWS!

MY WINDOW MANUFACTURER PROVIDES THE CREWS FOR EXPERT INSTALLATION.

MOST HOMES COMPLETED IN 1-2 DAYS

Charles in Estacada

My husband installed doors and windows for 30 years (retired) and he said the installers were the best he's seen. The windows are great and the price was even greater! Thanks Dave!

ASK ABOUT CASH INCENTIVES

100’s OF 5 REVIEWS!

A SHINING EXAMPLE IN OUR COMMUNITY

By Dennis McNabb, Contributing Writer

Mattress stores seem to be a dime a dozen, with locations on virtually every street corner and dozens of online options as well. And you’d think the buying experience would be the same as the next, right? Wrong. For starters, there’s the personability. Sean has been in the business for over 25 years. He started the parent company Furniture Showcase, Inc. in 1995, and has been serving the community as Mattress World Northwest (MWNW) since 2004. He and his team are dedicated to making your mattress buying experience one of a kind. In talking to Sean, it’s obvious he cares deeply about his employees and his customers.

Sean spoke passionately about MWNW’s three-pronged approach to business success. Firstly, they are dedicated to helping their customers get a better night’s sleep. Thorough training and the largest selection in the NW allow them to assist every person to find the most comfortable mattress for a better night’s sleep.

Secondly, MWNW’s business mission is making sure their employees are happy. This is one of those places you hear about but rarely find – a place young folks start working at and never leave! They legitimately treat their employees like family and empower them to live their best lives.

Most impressive and thirdly, MWNW prioritizes giving to the communities they reside in. Sean and the MWNW team incorporate charitable giving and philanthropy into the corporate culture. Walk into any one of their stores throughout the year, and you’ll see they are promoting some sort of fundraising event, whether it’s in support of Polar Plunge For Special Olympics Oregon, the Cystic Fibrosis Foundation, Susan G. Komen’s Race for the Cure, the Senior Citizens Council of Clackamas County, or one of our local schools.

In the month of March, all MWNW stores will be asking for donations to support Polar Plunge

for Special Olympics Oregon. Their main fundraiser, The Polar Plunge, takes place March 11 at Willamette Park in Portland.

SEAN HATHAWAY Owner

According to Special Olympics Oregon, “Polar Plunge is your chance to step out of your comfort zone by jumping into an unforgettable experience that directly impacts the lives of Special Olympics Oregon Athletes. By participating you provide 5,000+ Special Olympics Oregon Athletes access to sports, activities, and community.”

Here is why Special Olympics Oregon is so important: “Special Olympics Oregon believes in the transformative power and pure joy of athletic competition. Every day across the state, we help children and adults with intellectual disabilities become athletes and grow a strong, supportive community of advocates. Through year-round training and serious competition, Special Olympics participants journey along a proven pathway to better health, essential life skills and lifelong friendships.” Please help us raise funds by donating online or visiting one of our local stores. Family-owned and -operated, dedicated to providing their customers the best products at the best prices, all while donating to and participating in their local communities, Mattress World Northwest exemplifies the best of what retail businesses have to offer. This proves that not all mattress stores are created equal.

Get a better night’s sleep and help support your community at your local Mattress World Northwest, with 22 locations across Portland, Salem, Vancouver, and more. Order online at mattressworldnorthwest.com.

B E B O L D / G E T C O L D March 11th at Willamette Park

Special Olympics Oregon uses sports training and competition to grow acceptance and inclusion of those with intellectual disabilities. Learn more at: soor.org.

Feeling Is Believing.

WHY PRICING IS ESSENTIAL

BELTRAN PROPERTIES GROUP at eXp Realty

By Dennis McNabb, Contributing Writer

* SELLERS TAKE NOTE: APPROPRIATE PRICING IS A KEY FACTOR FOR SELLING YOUR HOME IN TODAY’S MARKET!

The issue a lot of sellers (and some agents) are dealing with right now is that they haven’t accepted the fact that the market has shifted. Six months ago, it was a seller’s market. Enduring low inventory compounded with low interest rates meant sellers were getting over-asking price offers and closing in record time, often without even having to complete any repairs on their homes. The last couple of years have seen genuinely unprecedented conditions in the Northwest real estate market. But that has finally changed.

As forecasted by Jaimy Beltran, our resident real estate expert with the Beltran Properties Group at eXp Realty, that shift towards a more balanced market has arrived. Compared to this same time last year, we have three times the amount of available inventory in the Portland Metro market. And that trend does not appear to be slowing down any time soon.

The inventory remained so low for so long primarily because of the supply chain woes caused by the worldwide pandemic. With new construction slowing to a crawl, demand far outweighed the supply. Now that we are seemingly emerging from the worst of that situation, construction is slowly picking up. In addition, according to Jaimy, he’s seeing a lot of people who are simply having a change of heart. Priorities are being adjusted and people are looking to downsize and simplify their lives. There is also a general sense of people wanting to hurry up and sell to capture the highest potential

equity possible before the market shifts further. These factors and more are contributing to more inventory on the market.

It’s not just a matter of inventory though. All of the factors affecting the market are of course related, but today, buyers are also becoming much more selective. They are making demands on sellers asking for repairs to be done, or for allowances to do the repairs themselves. With more inventory they are afforded more choices, and that “frenzied buyer” of yesterday the one who offered the moon plus interest and their left arm, all while vying against a slew of others doing the same thing for the same property—no longer exists. To compare again to last year, Jaimy stated that in January of 2022, 40% of his listings sold in the first weekend after the home was put on the market. This year, only 9% have sold that quickly.

Interest rates are a factor as well. In January of 2022, average interest rates on a 30 year mortgage were in the 3s. Today, depending on your credit score, rates are at about 6.5%. That’s a significant increase which could considerably cut into any potential buyer’s purchasing power. As a result, buyers are not going to be willing (or able) to pay those higher prices sellers were asking just months ago.

Which all leads us back to the central point of this article: putting your house on the market at a reasonable and appropriate price point is essential in today’s market! Those first two weeks a home is on the market are the most critical. It’s during that

time when the most interest and excitement is generated. If you overprice yourself out of the market, chances are you may never recover. There is a distinct art to the process of pricing, one which has become lost in translation over these past couple of years. But make no mistake, your agent’s level of experience and expertise in this process is of the utmost importance.

Jaimy Beltran and his team at Beltran Properties have been in the business almost 20 years now. He has observed the market from just about every possible perspective and worked with clients in just about every possible scenario. There is very little that he and his team have not experienced. With his stellar reputation in the industry and his proven track record amongst clients, he is exactly the kind of agent you need in your corner right now. As a member of eXp Realty, he is also a member of a vast network of vetted professionals around the country who provide the same level of exceptional service that he and his team do locally. So, if you are looking for assistance with properties here in Oregon as well as out of state, there is no one better equipped to help.

Pricing your home appropriately in the current market is the only way to make the sale. You must acknowledge that the advantage sellers enjoyed 6 months ago is no longer viable. You must also acknowledge that in order to find the right price point, you must employ an experienced agent with a large listing of comparable homes. If you are interested in getting into the market, as a seller or a buyer, call Beltran Properties today!

Jaimy Beltran can be reached at 503-502-3330, or check out their website, beltranproperties.com.

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