Happy Holidays and here’s to a spectacular 2015!!! While the Market Action Index showed some strengthening in the last few weeks, prices have not seemed to move from their plateau. The Portland metro
If you are having this issue with fraud, it is definitely a good idea to get a real estate lawyer. I think that if you are experiencing these problems with the roof and you weren't told about it, you should definitely get it taken care of. If you can find a good lawyer and talk to the previous owner, hopefully you can get it repaired. I think that you should definitely continue with this case so that you can get it all taken care of. http://www.harrellandwhetstone.com/Practice-Areas/Real-Estate-Law.shtml... more
There are not many immediate risks associated with asbestos siding. Asbestos is only dangerous when airborne inside the home. In your siding, the asbestos should be encased in cement enough so as not to be toxic. However, for removing asbestos products, you probably need professional help. It becomes dangerous when inhaled.
you as an owner are required to have them for all rentals and I have my renters sign off on them every year that they work. They can not be more than 10 years old even if they have a 10 year new battery in them. Tom Inglesby, Broker RE/MAX... more
Well, let's see. Your answers thus far say that they're "rare." But "There are some new programs on the market." It's "not a good idea." But there's "a new way" to purchase based on the "rent to own philosophy." It's "immoral and predatory" in most cases.
Confused? Honestly, you should be.
With all due respect to the other answers, they're not rare. Yes, some are designed to be predatory. Most aren't. It's true that most never result in a purchase . . . but that's often because the tenant-buyer decides not to buy. I hadn't heard of the Grayreef program. It is very similar to a typical lease-option. There are some elements that I like (up to 6 years to purchase, for instance) and some I don't (no way to protect yourself if the property value declines).
Still confused? That's totally understandable. Lease-options are simple on the surface, but can get fairly complex, especially if the tenant-buyer is interested in protecting him/herself.
Let's answer your specific question: There won't be a comprehensive listing of rent-to-own properties in Portland or anywhere else. The reason is that many deals come up in negotiation between the tenant-buyer and the seller/landlord. I've done plenty of telephone calling--call someone who's been trying to rent a property and make an offer to rent with the option to buy. The property wasn't advertised that way, but the landlord certainly can say "yes."
You can have a Realtor run a search on the MLS for key words: "lease option," "rent to own," "rent or buy," "land contract," "contract for deed," and similar. That'll uncover a few. You can also have a Realtor run a search for properties for sale with long days on market--these are owners who'd like to sell but probably can't right now. Do a similar search for rentals with long days on market.
I've written a blog on how to find these properties: http://bit.ly/findaleaseoption
Finally, never, ever pay for a list of supposed lease-option or rent-to-own properties. It's no secret, really, but an investor makes far, far more money from a single successful lease-option transaction than he/she will make by selling 100 "subscriptions." The money is in putting the deal together (if an investor is involved), not in selling lists. Still, there are plenty of win-win-win lease options. The investor makes money, the seller makes money, and the tenant-buyer ends up with the property he/she wanted.
First the property tax is high in Portland compared to surrounding areas. We just had a large $500 Million bond for schools most homes are seeing 7-10% rise in taxes this year across the area. The broker seals in windows are cosmetic since 1 of 2 pieces of glass are still not broken only the seal that separates them. They look bad. With a short sale it is a hard because banks are playing hard ball now and not wanting to replace anything to get a sale and buyers are letting that go to get the property. Tom Inglesby, Broker RE/MAX... more
Before you start looking further you need to be pre approved for a loan. With many buyers looking in this range since it is below the average market price they go quick when they come on. Many buyers in this range are cash so you compete with them and also builders looking for lots to build on. I just sold one for $199,000 in Hillsdale first day on market. You need to work with an agent closely to get first chance at these. Give me a call and we can talk about area and price range for you. Thanks, Tom Inglesby, Broker RE/MAX... more
Good luck finding anyone at Chase who knows anything about the unit. Having wasted countless hours over the years trying to talk to banks to inquire about properties they have foreclosed on, I came away with my suspicions confirmed that despite their over-inflated opinion of themselves, their stupidity is only surpassed by their arrogance. Not once was I able to ever speak to anyone at any bank who ever had any idea of what I was talking about or even what department they could direct me to. By now it's probably gone to a third party asset manager and at one point in time it's going to come on the market. Even then you're going to be surprised that their offering it a little if any discount to the market and trying to reason with them will be as productive as banging your head against a wall.
I wish it were as simple as it could be, but it's not. If you can find a local Realtor who specializes in working directly with the banks to list REO's you'd be much better off than trying to go directly to the banks which I know to be an utter waste of time.
Good luck, I hope you're able to purchase the property.... more
After you've done the fun stuff (finding the home of your dreams), then comes the work!!! You will want to schedule your home inspections. There are definitely steps for both buyers and sellers to
I have used Houserie.com and love it. It is an online tenant screening service with great customer service and quick results. They have different screening packages. I like the Ultimate package that includes a credit history, SSN verification, National Eviction Search and National Criminal Search. The package is only $29.99!... more
As part of the inspection process after a mutually accepted offer on a home or investment property, there are several common inspections completed. One of the most popular is a sewer scope. The purpose
The public has heard a lot of news about Fannie Mae and Freddie Mac. Most of us know that Fannie & Freddie are somehow involved in mortgages. More specifically, their mission is to provide a secondary
When it comes to buying or selling your home, what you don't know can cost you -- literally. Whether it's not doing your research or getting too emotionally involved, making the wrong choices can wind
Here is another SCAM I received from a rental Inquiry. I wonder if Trulia does any research on these listings? Otherwise, you are no better than Craigslist and a waste of time. This is the third one I had received from inquiring about rental properties. Just wanted to give a heads up to people who are TRULY looking for place and not waste their time on this site.
Thanks for your interest and inquiries about my house. The house is still available for rent and we are looking for a responsible person/family to occupy and maintain the house now that i am not around. I moved to West Africa for a program called HEALTH RESOURCES AND SERVICES ADMINISTRATION( HRSA), the program is taking place in three major countries in Europe, Africa, UK . We will be away for 2 to 3 years or more that is why i decided to put the house for rent to whom ever that will take good care of it.
In case you see any sign board, they are the Realtor in charge of my house before I decided to take over by my self. I am no more working with them and don't bother to contact them because formerly i wanted to sell the house before me and my Lovely Family now decided to rent it out instead of selling it out.
Also how long do you intend to stay? How soon do you intend to move in?
FEATURES OF THE HOME :
AMENITIES OF THE HOME :
Cable TV, Ceiling Fans
24 hours Internet service
Washer / Dryer.
Number of bedrooms:3
Number of bathrooms:2
House Address:2127 N Skidmore Ter, Portland, OR 97217
Month Rent: $800
Refundable Security Deposit: $700
Get back to me if interested so i can forward you the rental application form for you to fill out.
Best is subjective, therefore research schools and areas on your own; don't simply just entertain what other people think or say, another's opinion may not be anywhere near the best thing for you. Perhaps the links below may be of help...
When purchasing a condominium, townhouse or other type of property in a planned unit development (P.U.D.) such as a gated community, leased land property or typical subdivision your obligated to join
The Federal Housing Finance Agency (FHFA) today released the FHFA Strategic Plan: Fiscal Years 2015-2019, which reflects the agency’s priorities as regulator of the Federal Home Loan Banks (FHLBanks)