The Real Estate Housing market has suddenly created a glut in the market place of Real Estate Experts. Each and every one of them in one venue or another spouting the same rhetoric.
" Now is a Horrible time to buy " or " Buy Now if you want to see your Equity go down the drain ". Or how about this one. " It might not be a bad time to consider buying, that is if you could get a loan ".
If there is anything the general public should have learned by now given the position of our struggling economy is this " The Experts Don't Know Crap ". If they did would we be in the position that we are now ?
This week Dave Liniger International Chairman and Co-Founder of the largest and most successful Real Estate company in the world RE/MAX was in Portland Oregon to present his Be Great In 2008 seminar to several hundred eager RE/MAX Agents and Brokers.
Dave Liniger shared with us his view of the market shaped by his 40 years experience as an active participant in the current market.
According to Dave it appears as if the Market that you are seeing this year will most likely be the same market you see next year for recoveries are normally slow moving evolutions. Yet improvements will come and eventually will go as up and down cylces are part and parcel to our business.
In regards to advice to Buyer's wanting to know if the market has hit bottom yet and should they consider buying or waiting to buy. Dave's advice was the following. The market is as of yet not at the bottom. It is probable that it is close but is still not there.
As far as buying goes, one must ask themselves about there purpose of buying. If indeed you are buying for the short term say 1-3 years tops then it is not a great time to make a purchase. That is unless you were presented with a steal of a deal or that your were paying a fair price and even though you would only be occupying the home for a short time, you intend to keep it for the long haul.
If however you intend to move in and or keep the house for 5 to 7 years then it is definitely a good time to buy. Dave follows that with the history of recessions, up and down markets in the US over his 40 years of experience and notes that the real estate market generally has ten year cycles. Stating that the equity appreciation of properties for the most part have never let people down during that cycle.
I have only been in real estate for 20 years. As I look back and analyze the markets that I have lived through I recognize that what Dave Liniger was driving at was what I could consider similar to my experiences. Indeed those who I had sold homes to when the market had previously been on a still downward trim did go on to see positive equity positions when the held there homes for at least 5 to 7 years. And only those who attempted to sell in the short time of 1 to 3 years put themselves in harms way.
The seminar that Dave gave was a three hour event. This portion only covered a brief 30 minutes or so. The rest was Jam Packed with great information and all who attended could not help coming away feeling confident and encouraged.
Dave recommended a Book to read. I am picking up my copy this week. The book written by Jack Canfield and titled " Success principles " outlines a simple formula [ E + R = O ]. The Event plus your Response equals your Outcome.
If the Event is a down market and your Response is one of despair and hopelessness then your outcome will be the same. However if your response to the down market is to embrace it and to look for opportunities then your outcome will be one of success.
Wishing us all great success in 2008 and Beyond.
Often times I hear people exclaim when they have come to Portland for the first time " Wow I didn't know you had Tall Buildings here".
Standing in Downtown Portland in the Center of Pioneer Court House Square.
On South West Broadway in Downtown Portland.
Looking to the North East from Portland Oregon's West Hills.
From the Water Front in Portland Oregon Looking North towards the twin Towers of the Convention Center.
From the East Bank of the Willamette River at Tight Shot West into Downtown Portland.
A Panorama of Downtown Portland from the East Bank esplinade walk way.
http://www.travelportland.com/visitors/portland_profile.html Travel information
City of Portland Online Link http://www.portlandonline.com/
Portland City Search http://portland.citysearch.com/find/section/portland/yellowpages.html
Are you considering Moving to Downtown Portland? Step into the 21st Century with :
www.househuntportland.com and Let your next home find you !
Portland Oregon the City of Roses! 
Each and every Season has its own special feeling. Fall for me is a glorious time. It is a time for the changing of the guard so to speak. Ushering out Summer and transitioning into the Winter months that lay ahead.
During this transition period it is often easy to overlook the beauty of this season. Yesterday I awoke to feel that bite in the air and a slight frost had accumulated on the windshield of my car. I watched the daylight start to unfold while taking coffee at the University_Park_Coffee_House in North Portland. The east wind breeze was starting to pick up a little and I began to notice that Fall was getting into full swing.
Yes indeed as I have been very busy helping people buy and sell homes here in the Portland area I almost missed this very special season. So yesterday after Coffee and doing some follow up for my current clients I took a moment out and drove through some of Downtown Portland Ore. tree lined streets to capture Falls Beauty.
I hope you enjoy the photo's as much as I enjoyed taking them.
Thanks for taking a ride with me through some of Downtown Portland's tree lined streets.
Ben Kakimoto an Agent and Realtor with John L. Scott's Seattle Centers office in Belltown. Ben specializes in Seattle real estate - condos, lofts and townhomes - in Downtown Seattle, Belltown, Queen Anne, Capitol Hill, First Hill, Pioneer Square, Ballard, Fremont, Green Lake, University District and West Seattle. Though Ben is an urban condo and loft specialist, he has a number of clients in South Snohomish County and have sold homes in Bothell, Mill Creek and Lynnwood.
Ben also writes Two Blogs Seattle_Condos_and_Lofts find out about everything you want to know about Seattle Condo and Lofts. The Seattle_Housing_Buzz providing commentary, market trends, news and Real Estate technology
Ben volunteers and/or contributes to the following organizations:
J.L.Scott_Fndtn Children's_Hospital Seattle_Animal_Shelter Lifelong_Aids_Aln.
Ben's Web Site Living_Northwest Is full of local and regional information. Providing an easy to use interface for Home Buyer's and Seller's alike. Check out the Featured_Homes page here.
If it's Market_Update_Information you are after, be sure to check back often as Ben keeps you up todate on trends and stats in the Seattle Wa. Condo and Loft Market.
Ben Kakimoto Your Seattle Washington Condo and Loft specialist
| Office Phone: | (206) 295-4683 |
|---|---|
| Cell Phone: | (206) 295-4683 |
| Fax Number: | (206) 269-2240 |
| Address: | 2601 4th Avenue, Ste 100 , Seattle, WA, 98121 |
Wikipedia_:_Belltown The free Encyclopedia's entry for Seattle's Belltown Neighborhood
Seattle's_Belltown_Neighborhood Has it all from Hot Jazz, Exciting Nightclubs in Seattles Restaurant Epicenter.
Belltown_Destination_360 an interactive 360 degree video of Belltown and it's many beautifull Condo's.
Ben is someone I consider to be a friend. As a real estate Broker in Portland Oregon I would definetely consider Ben one of the tops in his area of expertise.
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