Welcome to Song Real Estate: Your Premier Real Estate Partner in Lane, Linn and Benton County, Oregon

Your Home's Symphony Begins Here with Song Real Estate

At Song Real Estate, we're more than just a real estate company—we're your trusted collaborators in the journey of buying or selling real estate. Focused on the vibrant communities of Lane, Linn, and Benton County, Oregon, our company is dedicated to making your real estate experience as harmonious as a well-composed song.

Your Melodic Exploration Awaits

Discover the Unique Notes of Lane, Linn, and Benton County

Each county has its own distinctive melody, and we're here to help you find the perfect tune for your lifestyle. Whether you're captivated by the scenic beauty of Lane County, the welcoming communities of Linn County, or the charm of Benton County, our expertise spans the entirety of this diverse region.

Committed to Crafting Your Real Estate Harmony

Navigating the real estate market can feel like composing a symphony, and Song Real Estate is here to ensure your experience is a symphony of success. Our team of seasoned real estate professionals are committed to providing personalized and comprehensive service, tailored to your unique needs and goals.

Unlock the Full Potential of Your Property

If you're considering selling, Song Real Estate is your key to unlocking the full potential of your property. Our innovative marketing strategies and deep understanding of the local market ensure your home gets the attention it deserves, reaching the right audience and maximizing its value.

What Sets Song Real Estate Apart?

Local Expertise that Resonates

Our company's local expertise is the driving force that sets us apart. With an intimate knowledge of Lane, Linn, and Benton County, we guide you through the intricacies of each community, helping you make well-informed decisions that resonate with your goals.

A Proven Record of Success

Song Real Estate consistently hits the right notes with a track record of successful transactions and satisfied clients. We take pride in being a reliable and trustworthy partner on your real estate journey.

Community-Centric Approach

As ardent community enthusiasts, we're not just selling homes; we're helping you find your place within the heart of a neighborhood. Our community-centric approach ensures that your home isn't just a property but a cherished part of the vibrant tapestry of Lane, Linn, and Benton County.

Explore Our Melody Blog

Stay attuned to the latest in Lane, Linn, and Benton County real estate with our Melody Blog. From market insights to local events and home improvement tips, our blog is your go-to resource for staying informed and inspired.

Let the Song Begin

Whether you're looking to buy, sell, or simply explore, let Song Real Estate be the conductor of your real estate journey. Your dream home or ideal buyer is waiting to be discovered, and we're here to orchestrate the perfect melody for you.

Commence your harmonious real estate experience with Song Real Estate today. Contact us to embark on your journey to finding or selling your perfect home in Lane, Linn, and Benton County, Oregon.

Call Song Real Estate Today!

541-935-8855

 

Jan. 10, 2024

Green Living in the Beaver State: Unlocking the Advantages of Eco-Friendly Homes in Oregon's Real Estate Market

Nestled in the heart of the Pacific Northwest, Oregon stands as a beacon of green living, and this ethos extends beyond its lush landscapes to redefine the real estate market. In this blog post, we'll explore the myriad advantages of eco-friendly homes in Oregon, highlighting the state's commitment to sustainability and the unique benefits it brings to homeowners and the environment alike.

  1. Environmental Stewardship and Energy Efficiency:

    Oregonians take pride in their commitment to environmental conservation, and this extends to their homes. Eco-friendly homes in the Beaver State are designed with energy efficiency in mind, incorporating features such as solar panels, energy-efficient appliances, and advanced insulation. Homebuyers not only contribute to a greener planet but also enjoy reduced energy costs in the long run.

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  3. Financial Incentives for Sustainable Living:

    The state of Oregon encourages sustainable practices, offering various financial incentives for eco-friendly home upgrades. From tax credits to rebates, homeowners investing in green technologies can benefit from significant savings while contributing to the overall well-being of the environment.

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  5. Healthy Living Spaces:

    Eco-friendly homes prioritize indoor air quality and overall well-being. With sustainable materials and ventilation systems, these homes provide healthier living spaces, reducing the risk of allergies and respiratory issues. The emphasis on non-toxic building materials contributes to a safer and more comfortable environment for Oregon's residents.

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  7. Resilience in the Face of Climate Change:

    As climate change becomes an increasingly pressing concern, eco-friendly homes in Oregon are designed with resilience in mind. Sustainable construction practices, including drought-resistant landscaping and water conservation features, help homeowners adapt to changing environmental conditions and contribute to the overall sustainability of the region.

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  9. Increased Property Value:

    The demand for eco-friendly homes is on the rise, and this trend is reflected in property values. Homes with green features often command higher prices in the real estate market, providing a solid return on investment for homeowners who prioritize sustainability.

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  11. Community Connection and Sustainable Neighborhoods:

    Eco-friendly living goes beyond individual homes; it extends to the creation of sustainable communities. Oregon's real estate market fosters the development of eco-conscious neighborhoods, promoting a sense of community and shared commitment to a greener lifestyle.

In the Beaver State, green living isn't just a trend; it's a way of life deeply embedded in the real estate market. From financial incentives to environmental stewardship and healthy living spaces, the advantages of eco-friendly homes in Oregon are as diverse as the state's breathtaking landscapes. As prospective homeowners explore the market, the choice to embrace sustainable living not only benefits the individual but contributes to the collective effort in preserving Oregon's natural beauty for generations to come.

Jan. 8, 2024

Declutter Like a Pro: Sell Your Home Faster and For More!

Welcome, savvy homeowners and future sellers! Today, we're unraveling the mystery behind a seemingly simple yet profoundly impactful strategy – the art of decluttering. If you've ever wondered how to turn your home into a buyer's haven, keep reading. The keys to a faster, more lucrative home sale might just be hiding in that overflowing closet or behind those crowded countertops.

The Clutter Conundrum:

Imagine you're a prospective buyer walking into a home. What do you see? The space itself or a maze of personal belongings? Clutter can be a silent deal-breaker, diverting attention from the unique features of your home. But fear not! Decluttering is your superhero move to reclaim the spotlight and pave the way for a faster sale.

The Psychological Impact:

Why does decluttering matter so much? Well, it's not just about aesthetics; it's about creating an emotional connection with potential buyers. A clutter-free space allows them to envision their future in your home. It's about providing a canvas for their dreams, not showcasing your past.

Where to Start:

Feeling overwhelmed? Let's break it down. Begin with the high-traffic areas – the living room, kitchen, and entryway. These are the spaces that leave a lasting impression. Tackle one room at a time, deciding what stays, what goes, and what needs a new home. The goal is to present your home as a clean slate, inviting buyers to project their aspirations onto it.

Storage Solutions:

Ah, the magic of storage solutions! Invest in attractive baskets, bins, and organizational tools. Not only do they keep clutter at bay, but they also add a touch of sophistication to your home. Remember, storage isn't just practical; it's a selling point.

The Minimalist Approach:

Less is more, especially in the world of real estate. Embrace a minimalist decor approach. Consider removing excess furniture, pare down accessories, and let your home breathe. A clutter-free space feels larger, more open, and, most importantly, more appealing to potential buyers.

Showcasing Your Home's Potential:

Decluttering isn't about erasing your home's personality; it's about revealing its full potential. A buyer should be able to walk into a room and envision their own story unfolding. By minimizing distractions, you're allowing them to connect with the space on a deeper level.

Conclusion:

As you embark on the exciting journey of selling your home, remember that decluttering is your secret weapon. It's a small investment with a potentially significant return. Ready to transform your space and captivate potential buyers? Dive into the world of decluttering and watch your home become the star of the real estate show!

Stay tuned for more insider tips, and happy decluttering!

 

Jan. 3, 2024

Unleashing a Revolution: How Remote Work is Reshaping the Landscape of Real Estate

The global shift towards remote work has triggered a profound transformation in various aspects of our lives, and one industry that is experiencing a seismic change is real estate. As more professionals embrace the flexibility of working from anywhere, the traditional paradigms of property ownership, location preferences, and housing trends are being redefined. In this blog post, we'll delve into the profound impact of remote work on the real estate market, exploring key trends, challenges, and opportunities that are reshaping the very landscape of this dynamic industry.

  1. The Rise of Decentralized Living:

    Remote work has untethered employees from the traditional necessity of residing in close proximity to their workplaces. As a result, we are witnessing a surge in interest for properties in suburban and rural areas. Homebuyers are now prioritizing spacious homes with home office spaces, embracing the tranquility and lifestyle offered by locations outside crowded urban centers.

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  3. Flexible Spaces and Home Office Demand:

    The demand for homes with dedicated office spaces has skyrocketed. The home office is no longer just a luxury but a necessity, influencing property choices. Real estate developers and agents are adapting to this trend by highlighting properties with versatile spaces that can accommodate remote work needs, thereby capitalizing on the growing demand for flexible living arrangements.

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  5. Impact on Commercial Real Estate:

    The rise of remote work has not only affected residential real estate but also reshaped the dynamics of the commercial sector. With companies adopting hybrid work models, there is a reduced need for extensive office spaces. As a result, commercial real estate is witnessing a shift towards more flexible, collaborative, and tech-equipped workspaces.

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  7. Tech-Driven Real Estate Solutions:

    Technology is playing a pivotal role in shaping the future of real estate in the era of remote work. Virtual property tours, online transactions, and digital collaboration tools are becoming integral components of the real estate process. Real estate professionals are leveraging technology to enhance the buying and selling experience, catering to a more connected and remote-friendly clientele.

  8. Challenges and Opportunities for Real Estate Professionals:

    While remote work presents opportunities, it also brings forth challenges for real estate professionals. Adapting to changing buyer preferences, understanding the importance of virtual presence, and staying updated on technology trends are crucial for success in this evolving landscape.

Conclusion:The remote work revolution is leaving an indelible mark on the real estate industry, influencing where and how we choose to live and work. As the industry navigates this transformative period, those who embrace innovation and adaptability are poised to thrive in the new era of decentralized living and work. The key lies in recognizing and harnessing the opportunities that emerge in this ever-evolving landscape.

 

Jan. 1, 2024

Transform Your Home's First Impression – Curb Appeal Hacks!

When it comes to selling your home, first impressions are everything. The exterior of your house is the first thing potential buyers see, and that initial glance can make or break their interest. In this blog post, we'll delve into the importance of curb appeal and share practical tips to ensure your home stands out from the moment buyers arrive.

Content: Curb appeal goes beyond simple aesthetics; it sets the tone for the entire viewing experience. From maintaining a well-manicured lawn to adding vibrant flowers, every detail contributes to creating a positive first impression. We'll explore how to enhance your home's exterior, discuss landscaping ideas, and highlight the importance of a welcoming front entrance.

Conclusion: Investing time and effort into enhancing your home's curb appeal is a strategic move in the selling process. As potential buyers approach, a well-maintained exterior will capture their attention and create a positive mindset for the entire viewing. Stay tuned for more tips on preparing your home for a successful sale.

Dec. 22, 2023

Eugene, Oregon is Making it Easier to Build an Accessory Dwelling Unit

 

In February of this year I sent out some information regarding accessory dwelling units to a huge list of past clients.  I have attached that flyer below so that you may learn more about what an accessory dwelling unit is.  Since last February, I have had several people ask me questions about how to get started with an ADU (accessory dwelling unit) in Lane County. 

Today I found this information on the www.eugene-or.gov website and felt it worthy of sharing for anyone who might be interested in building an ADU on their Eugene, Oregon property. 

Maybe this will help generate an additional income stream for you as you consider moving to the Eugene area?  Possibly you live in Eugene or the surrounding area and are interested in providing additional housing to a loved one?  I know that Springfield, Oregon and many other cities throughout Oregon are now implementing similar ADU plans to assist with our housing shortage.  In the near future I believe we will see more and more individuals looking at this building option.  Eugene is currently offering seven different pre designed floorpans to choose from and has started a 10 year loan program for SDC (Standard Development Charges) that can deter many owners from moving forward based on costs.

Below is a link to information o approved accessory dwelling unit floorpans and various information regarding building an ADU on your Eugene property.

https://www.eugene-or.gov/4707/Pre-Approved-Accessory-Dwelling-Unit-Pro#:~:text=Facts%20about%20ADUs%20in%20Eugene&text=ADUs%20are%20currently%20allowed%20in%20all%20neighborhoods.&text=ADUs%20can%20be%20a%20maximum,zones%20(whichever%20is%20smaller).




Below please find some general information/ facts about building an ADU (accessory dwelling unit) on your Eugene property.




If you are looking to purchase a home in Eugene, Oregon or need real estate assistance, please feel free to call Song Real Estate today.  We can be reached at 541-935-8855.


 

 

Dec. 5, 2023

October & January are two of the Best Months to Buy Real Estate

Based on the latest findings from ATTOM, October remains a favorable month for U.S. homebuyers, but the single most advantageous day to make a home purchase is in January.

 

In an in-depth analysis of over 47 million single-family home and condo sales spanning the last decade, ATTOM reveals that those closing on a home on January 9th enjoy the smallest premium above the automated valuation model (AVM). While the premium still hovers above market value, it's a modest 3.8 percent, significantly lower than the 14.4 percent premium observed on May 28th.

 

Several other days throughout the year also offer attractive premiums for prospective homebuyers. Notable dates include December 4th (4.4 percent above market value), October 9th (4.4 percent), October 2nd (4.5 percent), October 10th (4.5 percent), and September 7th (4.6 percent).

 

When considering the best months to buy a home nationwide, the study highlights October as the most advantageous, with a 6.2 percent premium above market value. Following closely are September (6.8 percent), November (6.8 percent), December (6.9 percent), and August (7.6 percent).

 

The analysis also breaks down the best months to buy by state, revealing the states where homebuyers can secure the most significant discounts below full market value. Michigan takes the lead with a remarkable -2.6 percent in October, followed by New Hampshire (-2.1 percent in December), Hawaii (-1.8 percent in June), New Jersey (-1.7 percent in February), and Illinois (-1.6 percent in October). These insights provide valuable information for those considering a home purchase, allowing them to strategically plan their buying decisions for optimal financial benefits.

 

Oregon Home Buyers

April 13, 2023

Financial Benefits of Accessory Dwelling Units

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Accessory Dwellings Units can be a great Real Estate Opportunity. Whether they are used for family members or an office space, they add value to your property! Just by adding an ADU, your properties value could increase tremendously, allowing you to get more out of your home if you decide to sell. Song Real Estate is here to help with all of your Real Estate needs. We have many other blogs on our website that can give you lots of information that can be of great use to you. Call our office anytime and connect with a great agent who is ready to help! 

(541)-935-8855.

April 4, 2023

SHOULD I BUY A HOME RIGHT NOW?

Should I Buy a Home Right Now?

Should I Buy a Home Right Now? | MyKCM

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision.

The Future of Home Price Appreciation

Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue appreciating over the next five years (see graph below):

Should I Buy a Home Right Now? | MyKCM

As the graph shows, the rate of appreciation will moderate over the next few years as the market shifts away from the unsustainable pace it saw during the pandemic. After this year, experts project home price appreciation will continue, but at levels that are more typical for the market. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: 

“People should not anticipate another double-digit price appreciation. Those days are over. . . . We may return to more normal price appreciation of 4%, 5% a year.”

For you, that ongoing appreciation should give you peace of mind your investment in homeownership is worthwhile because you’re buying an asset that’s projected to grow in value in the years ahead.

What Does That Mean for You?

To give you an idea of how this could impact your net worth, here’s how a typical home could grow in value over the next few years using the expert price appreciation projections from the Pulsenomics survey mentioned above (see graph below):

Should I Buy a Home Right Now? | MyKCM

As the graph conveys, even at a more typical pace of appreciation, you still stand to make significant equity gains as your home grows in value. That’s what’s at stake if you delay your plans.

Bottom Line

If you’re ready to become a homeowner, know that buying today can set you up for long-term success as your asset’s value (and your own net worth) is projected to grow with the ongoing home price appreciation. Let’s connect to begin your homebuying process today.

March 31, 2023

3 Graphs To Show This Isn’t a Housing Bubble

 

3 Graphs To Show This Isn’t a Housing Bubble

3 Graphs To Show This Isn’t a Housing Bubble | MyKCM

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time.

There’s a Shortage of Homes on the Market Today, Not a Surplus

The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued price appreciation.

For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to tumble. Today, supply is growing, but there’s still a shortage of inventory available.

The graph below uses data from the National Association of Realtors (NAR) to show how this time compares to the crash. Today, unsold inventory sits at just a 3.0-months’ supply at the current sales pace.

3 Graphs To Show This Isn’t a Housing Bubble | MyKCM

One of the reasons inventory is still low is because of sustained underbuilding. When you couple that with ongoing buyer demand as millennials age into their peak homebuying years, it continues to put upward pressure on home prices. That limited supply compared to buyer demand is why experts forecast home prices won’t fall this time.

Mortgage Standards Were Much More Relaxed During the Crash

During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. The graph below showcases data on the Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association (MBA). The higher the number, the easier it is to get a mortgage.

3 Graphs To Show This Isn’t a Housing Bubble | MyKCM

Running up to 2006, banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a home loan or refinance their current home. Back then, lending institutions took on much greater risk in both the person and the mortgage products offered. That led to mass defaults, foreclosures, and falling prices.

Today, things are different, and purchasers face much higher standards from mortgage companies. Mark Fleming, Chief Economist at First Americansays:

Credit standards tightened in recent months due to increasing economic uncertainty and monetary policy tightening.” 

Stricter standards, like there are today, help prevent a risk of a rash of foreclosures like there was last time.

The Foreclosure Volume Is Nothing Like It Was During the Crash

The most obvious difference is the number of homeowners that were facing foreclosure after the housing bubble burst. Foreclosure activity has been on the way down since the crash because buyers today are more qualified and less likely to default on their loans. The graph below uses data from ATTOM Data Solutions to help tell the story:

3 Graphs To Show This Isn’t a Housing Bubble | MyKCM

In addition, homeowners today are equity rich, not tapped out. In the run-up to the housing bubble, some homeowners were using their homes as personal ATMs. Many immediately withdrew their equity once it built up. When home values began to fall, some homeowners found themselves in a negative equity situation where the amount they owed on their mortgage was greater than the value of their home. Some of those households decided to walk away from their homes, and that led to a wave of distressed property listings (foreclosures and short sales), which sold at considerable discounts that lowered the value of other homes in the area.

Today, prices have risen nicely over the last few years, and that’s given homeowners an equity boost. According to Black Knight:

In total, mortgage holders gained $2.8 trillion in tappable equity over the past 12 months – a 34% increase that equates to more than $207,000 in equity available per borrower. . . .”

With the average home equity now standing at $207,000, homeowners are in a completely different position this time.

Bottom Line

If you’re worried we’re making the same mistakes that led to the housing crash, the graphs above should help alleviate your concerns. Concrete data and expert insights clearly show why this is nothing like the last time.

Posted in Market Updates
March 31, 2023

Buying a Home May Make More Financial Sense Than Renting One

Buying a Home May Make More Financial Sense Than Renting One

Buying a Home May Make More Financial Sense Than Renting One | MyKCM

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says:

“The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.”

That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option for you.

If You Need More Space, Buying a Home May Be More Affordable

What you may not realize is that, according to the latest data from realtor.com and the National Association of Realtors (NAR), it may actually be more affordable to buy than rent depending on how many bedrooms you need. The graph below uses the median rental payment and median mortgage payment across the country to show why.

Buying a Home May Make More Financial Sense Than Renting One | MyKCM