By Robin Hakeman, July 1, 2022
As we head into a shifting market the conversations I’m having with my clients are taking on a new tone once again. Interest rates are up, buying power is down and some homes are staying on the market longer than 5 days (gasp!). Last summer the brokerage asked us if we could tell Buyers & Sellers one thing, what would it be?
My answer: be PREPARED, PATIENT & PERSEVERANT.
be PREPARED:
It’s important to work with an agent who is keeping up with the changing market. Have a plan before you start shopping for homes or listing your home on the market. Get an pre-approval with current rates to fully understand your buying power. If you are gearing up to sell this summer, spend extra time discussing pricing strategy with your agent. Past sales data is a great starting place but understanding the nuances of the changing market is also extremely important right now. Take your agent’s advice on how to get your home ready for the market – buyers are soon going to have more choices & will not feel as rushed into selecting a home. Make sure your home stands out!
be PATIENT:
Make sure to go over expectations with your agent before listing your home. In 2022, market time has decreased by 21% compared to 2021 however that is expected to change. Especially as we head into the summer months where things typically slow down a bit. If you are heading out to start home shopping, know that fewer listings may be coming on the market in July & August. Take your time if you can!
be PERSEVERANT:
These next few months (maybe years) are going to look a lot different than what we are used to. If you find yourself with a home staying on the market longer than a weekend, it’s going to be ok. Have a plan and communicate with your agent regularly. Buyers who have been fighting the good fight, writing offer after offer may start to find some relief with less competition. If increased rates have lowered your buying power, talk to a lender about creative options that may work for you. Don’t give up!
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Robin Hakeman
Broker | Earth Advantage | OR
She/Her
LOVE WHERE YOU LIVE ♥One of the things I love most about my work in real estate is that it never feels like "work" to me. I love it. I love guiding my clients through the process & celebrating all of the wins along the way. Are you a first time buyer who needs the 101 on all things real estate? We'll sit down and go through it all. Or are you a seasoned-pro looking for top notch service & strategy? We will work closely to put together a plan that ensures your home stands out above the competition. I am passionate about understanding the needs of each client and will be your advocate every step of the way. I truly value the relationship that we will create and my goal is to make this a fun & successful experience for everyone. Why real estate? My background as a Merchandise Manager for top retail brands prepared me well. I am that rare combination of business smarts meets creativity and this works well for real estate. I have the analytical background necessary to help both buyers and sellers with numbers and negotiation, as well as the creative vision to help clients prepare their homes for sale. As a native Oregonian, I have a deep understanding of all things Portland & beyond. I spent my childhood living in Tigard and when I was old enough, I realized a dream of living on NW 23rd Ave. The first home I owned was in NE Portland and now I live back in the burbs! When I'm not at the office or out with clients you can find me playing tennis, taking a barre3 class, enjoying family time, volunteering at a school and enjoying local theater arts. My super power is open & honest communication - and it works! Let's chat. Specialties Include:
- First Time Buyers
- Upsizers/Downsizers
- Relocation
- Condo Purchase/Sale
- New Construction
- Top 5 Broker, Q2 2022, Living Room Realty
- Earth Advantage Certified
- Real Producers "Rising Star" feature, Feb 2021
- Five Star Professionals Rising Star award, 2019
- Fiver Star Professionals Winner, 2023
- T: 503-680-0404
- robin@livingroomre.com
