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Manisha.realtor's Blog

By Manisha Jain, Broker, Realtor | Broker in 97229
  • Why Use a REALTOR®?

    Posted Under: Market Conditions in Portland, Home Buying in Portland, Home Selling in Portland  |  June 8, 2012 7:46 AM  |  2,337 views  |  No comments

    Why Use a REALTOR®?

    The buying of real estate is the largest financial investment many people make. Whether buying for the first time or selling a family estate, Realtors take a complicated maze of requirements and, with knowledge of the local real estate market, simplify the process. They also maximize the profit.

    Realtors uniquely understand legal issues that affect real estate transactions, and they’re trained to negotiate the best possible prices and terms in the contract. Perhaps more importantly, they offer professional advice and objective insight into a process that, for many, is very emotional.

    On the nuts-and-bolts level, Realtors have a complete list of area homes for sale, as well as all the data buyers need to know; they stay abreast of changing market conditions that can affect local real estate prices. Realtors can also recommend reliable local lenders, real estate evaluators and insurers to help the transaction process proceed smoothly.

     

    Why a Realtor?

    Realtors adhere to a strict code of ethics approved by the National Board of Realtors (NAR). The code assumes that people conducting a real estate transaction must adhere to a higher set of standards that those people working in other business arenas. Realtors are, according to the Realtor Code of Ethics and Standards of Practice, "zealous to maintain and improve the standards of their calling."

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com
    http://facebook.com/PDXLivingInStyle
    Elite Realtor Serving Buyers & Sellers in Portland, Beaverton, Hillsboro.
  • Home prices Rise in April & May across the Nation ... mostly

    Posted Under: General Area in Portland, Home Buying in Portland, Home Selling in Portland  |  June 8, 2012 5:54 AM  |  2,292 views  |  No comments


    Home prices across the nation rose in April, and a further increase is expected for May’s index, according to CoreLogic’s April Home Price Index (HPI) report.

    The report, released Tuesday, showed that home prices in the United States (including distressed sales-short sales and REO transactions) increased on a year-over-year basis by 1.1 percent in April. This was the second consecutive year-over-year increase in 2012 and the first time two consecutive increases have occurred since June 2010. On a month-over-month basis, home prices increased by 2.2 percent in April, marking the second consecutive month-over-month increase this year.
    Taking out distressed sales, prices increased year-over-year by 1.9 percent. They rose month-over-month by 2.6 percent, the third month-over-month increase in a row in 2012.

    The April 2012 HPI report also launched a new metric from the company: the CoreLogic Pending HPI, which uses Multiple Listing Service (MLS) data that measures price changes in the most recent month to provide an indication of trends. According to the April 2012 Pending HPI, house prices are expected to rise at least another 2 percent from April to May.


    CoreLogic president and CEO Anand Nallathambi said the projected increase is based on low home inventory levels.

    “We see the consistent month-over-month increases within our HPI and Pending HPI as one sign that the housing market is stabilizing,” said Nallathambi. “Home prices are responding to a restricted supply that will likely exist for some time to come-an optimistic sign for the future of our industry.”
    “Excluding distressed sales, home prices in March and April are improving at a rate not seen since late 2006 and appreciating at a faster rate than during the tax-credit boomlet in 2012,” said Mark Fleming, chief economist at CoreLogic. “Nationally, the supply of homes in current inventory is down to 6.5 months, a level not seen in more than five years, in part driven by the ‘locked in’ position of so many homeowners in negative equity.”

    Including distressed transactions, the peak-to-current change in the national HPI from April 2006 to April 2012 was negative 31.7 percent. Excluding distressed transactions, the peak-to-current change was negative 23.3 percent.

    Despite the overall increase in CoreLogic’s national HPI, some states saw major drops in home prices in April. Delaware’s 12-month HPI for single-family sales decreased by 11.9 percent. It was followed by Illinois and Alabama, which experienced HPI drops of 6.8 percent and 6.6 percent, respectively.
    As far as Core Based Statistical Areas (CBSAs) go, the Phoenix-Mesa-Glendale area saw a 12-month HPI increase of 11.3 percent. Chicago-Joliet-Naperville sat on the other end of the spectrum with a decrease of 7.3 percent.


    States with the highest appreciation (including distressed sales)
    1. Arizona (8.8 percent)
    2. Washington, D.C. (6.4 percent)
    3. Florida (5.5 percent)
    4. Montana (5.4 percent)
    5. Utah (5.4 percent)
    States with the highest appreciation (excluding distressed sales)
    1. Utah (5.3 percent)
    2. Idaho (5.1 percent)
    3. Mississippi (4.7 percent)
    4. Louisiana (4.6 percent)
    5. Arizona (4.6 percent)
    CBSAs with the highest 12-month appreciation (including distressed sales)
    1. Phoenix-Mesa-Glendale (11.3 percent)
    2. Dallas-Plano-Irving (3.5 percent)
    3. Washington-Arlington-Alexandria (2.8 percent)
    4. Houston-Sugar Land-Baytown (2.0 percent)
    5. Philadelphia (1.7 percent)
    Source: Web

    Best Regards,

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com
    http://facebook.com/PDXLivingInStyle
    Elite Realtor Serving Buyers & Sellers in Portland, Beaverton, Hillsboro.
  • Hypnotic Home Staging - Tips to watch out for buyers

    Posted Under: Home Buying in Portland, Home Selling in Portland  |  December 10, 2011 7:50 AM  |  2,832 views  |  2 comments

    Hypnotic Home Staging - Tips to watch out for buyers

    We all know how important home staging is if you’re trying to sell a home. It’s equally important when you’re buying real estate for exactly the same reasons.  Staging is all about highlighting assets and deflecting your attention from any flaws. As a buyer, you have to learn to look past the staging and see what lies underneath.

    That’s not as easy as it sounds because clever staging can be hypnotic. Understanding hypnotic staging techniques will help you break their spells. Here are five of the most common, along with corresponding tips that will help snap you back to reality so that you can really see what you’re buying.

    Hypnotic Staging See-Through #1:  Tiny Furniture.  By placing very small furniture, rooms can be made to appear much larger than they really are. I’m not recommending you turn away from a potential home just because it won’t fit your furniture but should you fall in love with a place that's heavily staged with tiny furniture, bring measurements of standard furniture and a tape measure to make sure they’ll fit.

    Hypnotic Staging See-Through #2: Camouflage and Cover-Ups. Just like baked cookies can make a house smell homey, gauzy wall and window coverings and soft music can make it seem positively dreamy. Downside: they can also camouflage a whole lot of nastiness. Don’t be fooled: investigate. Open the drapes and look outside the various windows to see what’s out there, make sure to open all the cupboards and closets.

    Hypnotic Staging See-Through #3: Activity Props You’ll Never Use. Don’t you just feel all warm and fuzzy when you walk into a room with a lovely crib and a baby mobile?  Unless you have—or plan to have—a baby or already do crafts or meditate, you need a home that will fit your lifestyle and your needs. So when you feel yourself being swayed, just make a list of the activities you actually do in your current home and want to do in your new one, and pay attention to whether a given prospective property actually has space for those items.

    Hypnotic Staging See-Through #4: Any item that seems to be there strictly for appearances. Décor can often hide or diminish the appearance of flaws which can actually prove expensive to change. So check for items that seem like they might have been put in just for looks—including curtains, rugs, paintings etc.  Water stains and wall cracks can be covered up  by area rugs and wall hangings, and wonky floor plans can be staged as more open by taking the doors off their hinges.

    Hypnotic Staging See-Through #5:  Neighborhood staging. Before you get off investigative mode, you’ll also want to check out the neighborhood. Not the staged neighborhood -- the real thing, warts and cars on the lawn and screaming school-kids and all. To get the real scoop, make sure to visit the house at different times of day and on different days of the week in order to determine what the noise levels are like at evenings and weekend.

    Buyers, please feel free to write me. I'd be happy to answer any of your questions about home buying process.

     

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    Best Regards,

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com * Equal housing opportunity
  • How to sell home in 5 days or under! Bethany Neighborhood

    Posted Under: Home Selling in Portland  |  December 10, 2011 6:46 AM  |  2,765 views  |  2 comments

    Just Sold!!

    NW Blakely Lane       Just Sold in 5 days at asking price!!

    As Bethany neighborhood expert, I had a privilege to serve your neighbors in selling their home quickly at the asking price. I worked very hard to help stage, market the home, and contact my networks to get the home sold fast.

     

    Here are my top 3 selling tips that helped me sell the home fast:
    1) Sellers cooperation - I had wonderful clients who worked with me to get home prepared and listed. This was my number 1 reason of selling fast.
    2) Marketing Plan - I create unique marketing plans customized for homes and seller needs. My marketing plan for BethanyCrest created huge traffic in slow market and helped find the buyer quickly.
    3) Hard work - I worked extremely hard, round the clock to prepare the home, prepare advertisements, get home staged and ready for listing.

    Are you curious to know more about your own home? Call me TODAY for a market analysis.

    I’d be very thrilled to help you or someone you know who could benefit from my real estate expertise.

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    Best Regards,

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com * Equal housing opportunity
  • Split Level House Plans, Advantages & Disadvantages

    Posted Under: Home Buying in Portland, Home Selling in Portland, Property Q&A in Portland  |  October 19, 2011 12:34 PM  |  5,108 views  |  No comments

    Split level homes offer living space on multiple levels separated by short flights of stairs up or down. Frequently on main floor you will find a family room, living room, dining room, and kitchen.


    There are typically two small sets of stairs that attach the one story section of the house to the two story section. One set leads up, typically to bedrooms and a bathroom. The other set leads down to a large family room and basement area. Often, the basement level also includes the garage and is level with the driveway. The first floor is built halfway between the basement and second floor, with the second floor being above the basement. Alternatively, both halves of the house may be two stories tall, with a basement beneath the "first story" section described above. Additions to the house are possible by adding a third floor above the first or expanding outward from any side. 

     

    Advantages

    The split-level home offers a convenient way to accommodate a very efficient use of space. Split level homes also offer privacy to family living on different levels is also ideal for families with young adults, middle or high-school kids needing space or families with live in parents/ in-laws.

    Families that like urban living style with windows on main floor would love split level homes.

    Moving throughout this type of home can be easier for people with disabilities, since fewer steps are required to go from the bedrooms to the rest of the house when compared with a traditional two-story house.

    In an area where the number of floors is limited by a local ordinance, split-level homes can sometimes offer an additional livable level while still remaining legally compliant.

    Disadvantages

    Since the first floor and driveway are at different levels, porch steps are required between the front entrance and the driveway. Though the interior stairways are divided, there are as many steps in this type of house as in any other that has one floor above another (given equal ceiling heights). Though split level homes offer easy access to basement bedrooms (often through garage), access to living rooms require taking stairs.

     

    Overall, I love split level homes as they offer very spacious look to a house. These homes are ideal for growing families that need privacy at differnt floors in home.

    Please checkout my listing if you are interested in Portland Area:

    http://ManishaJain.com

     

     

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    Best Regards,

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com * Equal housing opportunity

     

  • 5 Insider Secrets for Coming Up With Cash for Down Payment!

    Posted Under: Home Buying in Portland, Home Selling in Portland, Financing in Portland  |  October 19, 2011 11:40 AM  |  1,188 views  |  No comments

    5 Insider Secrets for Coming Up With Cash for Down Payment!

    Most home buyers’ biggest hurdle coming up with a down payment for a home is a challenge because it’s not chump change we're talking about, here. The down payment on a $200,000 house, for example, will run you anywhere from $7,000 (on an FHA loan) to $40,000!

    Many buyers will simply save up their own cash, even if it takes many, many moons. The good news is that if you still need some help to boost your down-payment savings, there are resources you can harness to power your home-buying pursuit:

    ·          Your Employer.  Some companies offer assistance programs to employees. Most are government, university, large company and financial industry employers. Check with your Human Resources department to see if any such program is available to you.

    ·          Family gifts.  Most lenders will allow home buyers to apply gift money from family members toward their down payment - within guidelines, that is. The reasoning here is that a friend will most likely expect you to repay the money, whereas a relative won’t! Before you accept a gift toward your down payment, be sure to check with your mortgage broker or loan rep to be sure that you’re dotting all the right I's and crossing all the right T's.

    ·          The FHA Bridal Registry.  Yes - you read that right! The FHA Bridal Registry Program enables wanna-be home buyers to apply their families’ wedding gifts toward their down payments. And although it’s named a “bridal registry” program, you don’t have to be a prenuptial couple to use it. You could also use this program to collect gifts for graduation, the arrival of a baby or some other major life event in which people want to give you gifts. The FHA Bridal Registry works like a traditional registry, but is more flexible.

    ·          City/County/State Programs.  Some states, counties and cities still offer programs that lend or give home buyers some assistance for down payments. These programs vary widely in scope - for instance, many target buyers with low and moderate incomes, while some seek to help the buyers of foreclosed or fixer-upper type homes. To learn more, visit your city, county and state websites to learn about programs that might be able to help you.

    ·          Your Retirement Funds.  Iif you have a 401K or IRA account and some years to go before retirement, you might be able to tap into or even borrow against your own funds for your down payment. The rules get a little tricky for IRAs (Traditional & Roth) for withdrawls, so definitely check in with your tax and financial advisors.  And while you can’t similarly draw from your 401K, many retirement and pension plans will allow you to borrow the money against your funds, then repay it to yourself – at interest. So the choice there comes down to paying your lender back with interest or paying yourself with interest. That choice should be you!

    --

    Best Regards,

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com * Equal housing opportunity
  • Obama’s latest steps to put >$2K in owners pocket, stuck with bad mortgages

    Posted Under: Home Buying in Portland, Home Selling in Portland, Financing in Portland  |  October 19, 2011 11:25 AM  |  1,211 views  |  1 comment

    Obama’s latest steps to put >$2K in owners pocket, stuck with bad mortgages

    President Obama addressed the nation recently, and he set goals to help homeowners with underwater mortgage, where the owner owes more on their home than it’s worth.

    In concert with the president’s announcement, the Federal Housing Finance Agency (FHFA), the government body acting as conservator to Freddie Mac and Fannie Mae, said that it would review its polices to see if a wider base of homeowners may qualify in some way for the Home Affordable Refinance Program.

    The idea is effectively to help out responsible homeowners who simply got stuck with a bad mortgage during the housing boom. With current rates on the 30-year fixed mortgage close to 4%, a refinance could bring significant relief, over $2,000 per year in fact, to homeowners who have stayed current on their mortgages despite the difficult times.

    To date, those eligible for the Home Affordable Refinance Program are homeowners current on their mortgage payments who hold a loan good for 80-125% of their property’s market value. As the FHFA reviews their policies and standards, expect an announcement in the coming weeks.

    With such measures, housing industry is finding stable grounds & nearing the bottom. It can’t be better time to move up in your dream homes or purchase 2nd home or investment property.  I’d love to help you address your real estate questions.


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    Best Regards,

    Manisha Jain, MA
    Broker, REALTOR (R)*
    "A Name Friends Recommend"
    Summa Real Estate Group
    1975 NW 167th pl, Beaverton, OR 97006
    http://ManishaJain.com * Equal housing opportunity


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