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About Me
Real Estate Online Realtors is the Northwest’s premier Investment Real Estate Firm. Jeremy personally works with investors to thoroughly analyze investment real estate. Whether it's Single Family Fixers, Complete Rehab Projects, Multi-Family Income Properties, Condo Conversions to New Construction, Jeremy Bruce has the resources and experience to help you make a solid investment.
A Few Things About Jeremy: Jeremy has grown up here locally in the Great Northwest and has learned a lot through the years from the owner and founder of Real Estate Online Realtors who also happens to Jeremy’s father. In fact, Jeremy has been attending real estate negotiations, sales meetings and practically all phases of the real estate transaction since early childhood.
Jeremy has a strong background working with some of the largest and most successful corporations in the world including, Verizon Wireless, Washington Mutual, Wells Fargo, Lockheed Martin and Affiliated Computer Services. He also has an extensive background in Lending, Property Management, Investment Property Purchasing (Multi-family units, etc.), Negotiation, Corporate Experience, General Business Matters and General Real Estate Matters. In the various positions Jeremy’s held, one of the most important fundamentals he’s learned is to "Think like a winner" and his customers will tell you that he applies that to everything he does. Come be a part of a winning team.
Jeremy is also a proud member of the following associations, the Portland Metroplitan Association of Realtors®, the Oregon Association of Realtors® and the National Association of Realtors®.
Jeremy currently owns a home and has helped others make great purchases and Investment decisions. When you work with Jeremy Bruce, you will experience a higher standard of service, guaranteed!
A Few Things About Jeremy: Jeremy has grown up here locally in the Great Northwest and has learned a lot through the years from the owner and founder of Real Estate Online Realtors who also happens to Jeremy’s father. In fact, Jeremy has been attending real estate negotiations, sales meetings and practically all phases of the real estate transaction since early childhood.
Jeremy has a strong background working with some of the largest and most successful corporations in the world including, Verizon Wireless, Washington Mutual, Wells Fargo, Lockheed Martin and Affiliated Computer Services. He also has an extensive background in Lending, Property Management, Investment Property Purchasing (Multi-family units, etc.), Negotiation, Corporate Experience, General Business Matters and General Real Estate Matters. In the various positions Jeremy’s held, one of the most important fundamentals he’s learned is to "Think like a winner" and his customers will tell you that he applies that to everything he does. Come be a part of a winning team.
Jeremy is also a proud member of the following associations, the Portland Metroplitan Association of Realtors®, the Oregon Association of Realtors® and the National Association of Realtors®.
Jeremy currently owns a home and has helped others make great purchases and Investment decisions. When you work with Jeremy Bruce, you will experience a higher standard of service, guaranteed!
My Q&A
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Jeremy Bruce's Questions (0)
Jeremy Bruce's Answers (9)
Jeremy Bruce answered:
Wow, lots of responses on this topic and most are very interesting. Market value is defined as what a buyer is willing to pay and what a seller is willing to accept. Stop and think about that for a minute. It rolls off the tongue quite easily but is critical to understand.
Now, there is no shortage of buyer’s willing to write “extremely” low-ball offers. On the other hand, I ask you, what are your goals and are the homes you’re looking at over-priced? The later question is something your real estate practitioner should be able to answer for you because the mechanics of determining a home’s value is simple, regardless of whether you’re on the buying or the selling side.
As market conditions have changed, I’ve see a lot of home values “step-ladder” downward in front of what buyer’s are willing to pay. As a seller, it only takes one buyer to make you the right offer and therefore every buyer is extremely critical to you – especially in this [buyers] market. That mostly has to do with supply and demand principals.
In short and as-is with most products (housing is no exception) there is margin and price can and should be negotiated.
Jeremy Bruce
Real Estate Broker
Now, there is no shortage of buyer’s willing to write “extremely” low-ball offers. On the other hand, I ask you, what are your goals and are the homes you’re looking at over-priced? The later question is something your real estate practitioner should be able to answer for you because the mechanics of determining a home’s value is simple, regardless of whether you’re on the buying or the selling side.
As market conditions have changed, I’ve see a lot of home values “step-ladder” downward in front of what buyer’s are willing to pay. As a seller, it only takes one buyer to make you the right offer and therefore every buyer is extremely critical to you – especially in this [buyers] market. That mostly has to do with supply and demand principals.
In short and as-is with most products (housing is no exception) there is margin and price can and should be negotiated.
Jeremy Bruce
Real Estate Broker
Jeremy Bruce answered:
Take it from someone like me who has owned and managed rental property for my own personal investment – renting is primarily a long term investment. Others may disagree but the value of any rental is closely tied to it’s rental rate. Rental rates tend to increase slowly depending on many market indicators. Typically when housing inventories are glutinous and interest rates are high we see demand for rental unit’s increase and therefore prices for renting increase. You typically reap the most gains in the long run. However, if you buy low enough by purchasing an undervalued property at the right price, you may come into equity, in this case it may be wise to place a well qualified renter in the unit and sell for faster profit rather than hold. Ultimately your goals will dictate the success of your rental. Give it some thought and spend more time eliminating the down side and less time focusing on the up and you’ll no doubt make a good investment. Good luck to you.
Jeremy Bruce
Real Estate Broker
Jeremy Bruce
Real Estate Broker
Jeremy Bruce answered:
Wow, simple - Buy! As a soon to be MBA you've no doubt learned about economic measures. The real estate market can and has, always been, cyclical. Right now we're in a down cycle. Unfortunately a lot of buyer's tend to 'go with he herd' and do the opposite of what may better benefit them. In other words, the name of the game is buy low and sell high. We will likely see continued depreciation in the Portland market through a good portion of 2009. Once we bottom, the only direction from there is up. Given that the down cycle will not be around forever, I strongly recommend that you buy low and reap all of the rewards as the market improves. Good luck to you and congratulations on your recent accomplishment.
Jeremy Bruce
Real Estate Broker
Jeremy Bruce
Real Estate Broker
Jeremy Bruce answered:
Hi Dan,
Try the title companies, such as Stewart title, First American and Ticor. They'll probably give you one for free and or include you on their list of brokers, investors and contractors that they email weekly. In fact I just received mine today. If you'd like a copy, just let me know.
Please let me know if you have any questions for need anything else.
Thank you,
Jeremy
Try the title companies, such as Stewart title, First American and Ticor. They'll probably give you one for free and or include you on their list of brokers, investors and contractors that they email weekly. In fact I just received mine today. If you'd like a copy, just let me know.
Please let me know if you have any questions for need anything else.
Thank you,
Jeremy
Jeremy Bruce answered:
Hi Steve,
The answer is yes and no. If you’re thinking about selling, is that pure speculation, do you need to get out from under mortgage payments or perhaps the time it takes to manage a tenant and or rental property? In short, I’m trying to determine your motivation for selling to best answer your question. Perhaps you have equity in your rental and want to free it up for another purchase, retirement, etc.?
While considering selling your home, please consider inventory competition. Specifically, you will face competition from the many others who need to sell their homes as well as the bank foreclosures which tend to be discount priced. It’s fair to mention that bank owned properties are typically less appealing and don’t always attract retail prices.
If you list your home for sale it sounds like it has some attractive qualities, such as 2 full baths plus one half. Most retail buyers want at least 2 full bathrooms in addition to many other qualities which your home may or may not have.
It’s also important to understand that, while you face inventory competition and therefore ultimately might end up selling your home for less, you should also be able to purchase a new home for a discount as well.
Please let me know if you have any question and or need anything else.
Jeremy
The answer is yes and no. If you’re thinking about selling, is that pure speculation, do you need to get out from under mortgage payments or perhaps the time it takes to manage a tenant and or rental property? In short, I’m trying to determine your motivation for selling to best answer your question. Perhaps you have equity in your rental and want to free it up for another purchase, retirement, etc.?
While considering selling your home, please consider inventory competition. Specifically, you will face competition from the many others who need to sell their homes as well as the bank foreclosures which tend to be discount priced. It’s fair to mention that bank owned properties are typically less appealing and don’t always attract retail prices.
If you list your home for sale it sounds like it has some attractive qualities, such as 2 full baths plus one half. Most retail buyers want at least 2 full bathrooms in addition to many other qualities which your home may or may not have.
It’s also important to understand that, while you face inventory competition and therefore ultimately might end up selling your home for less, you should also be able to purchase a new home for a discount as well.
Please let me know if you have any question and or need anything else.
Jeremy
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