How does real estate work?

At its core, real estate in Lane County involves the buying, selling, and leasing of property – land and any permanent structures on it. Here’s a simplified breakdown, often facilitated by experts at Better Homes and Gardens Real Estate Equinox:

• Listing: Sellers typically engage a real estate agent (like one from our team) to market their property on the Multiple Listing Service (MLS), exposing it to a wide network of buyers.
• Searching & Showing: Buyers, often with their own agent, search for properties that match their criteria and tour homes.
• Offers & Negotiation: Buyers submit offers, and negotiations commence on price, terms, and contingencies, guided by their agents.
• Under Contract: Once an offer is accepted, the property goes “under contract,” initiating due diligence like inspections and appraisals.
• Financing: Most buyers secure a mortgage, a process we can help streamline by connecting you with trusted local lenders.

Closing: Upon fulfilling all conditions, the transaction closes, ownership is transferred, and funds are disbursed, including agent commissions. This entire process is governed by Oregon state laws and contracts, which our team expertly navigates to ensure a smooth experience for you.