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- 141 Answers
- 4 Best Answers
- 11 First Answers
- 143 Useful Answers
Local. Friendly. Professional. Specializing in Urban Portland neighborhoods, where my Real Estate expertise includes an intelligent approach to negotiation, a keen eye for houses and familiarity with the distinct neighborhoods that make up this vibrant city.
Jennifer Buk
's Questions (4)
Jennifer Buk
's Answers (141)
Jennifer Bukaty answered:
Hi Ken,
I'd like to suggest to you that foreclosures are not a terrific deal in Portland right now. Realize that we have a strong market - among the top three in the nation - and those who have to sell due to default have tried to sell first but could not. Why? Most likely because they were into the house for more than it was worth. You can bet the bank is going to want their money when they place it up for sale too. There are rarely deals in this arena. Portland DOES NOT have a wholesale market.
Add to that the many vultures out there calling themselves businesses who try to buy up these properties as soon as the notice is filed. It's just crazy :-) - Wed Apr 2 2008, 12:58
Jennifer Bukaty answered:
Nicole,
I recommend looking for an agent that 'gets' your lifestyle and can help you discover which neighborhood will feel most like home to you. Portland has some very distinct and wonderful neighborhoods and you'll want someone who lives in the city and can distinguish the subtle differences. You will also want to consider the location of your employer as it relates to commuting and transit.
As to the time it takes? I would get started right away. While it typically takes about 4 weeks from offer to closing, you'll want to see as much as possible before making a commitment.
One more thought... since you're relocating for your job, is it possible you may do this again someday? Be certain you buy a condo in an area that has an excellent track record for re-sale, so that down the road when you do decide to move on, you'll have made a wise investment and have little problem selling your condo.
Good luck to you! I LOVE PA!!! - Wed Apr 2 2008, 12:52
Jennifer Bukaty answered:
Hi MissTessi... I'm going to keep it simple and to the point. In your price range, I would strongly recommend the inner SE neighborhoods (no further than SE 82nd Ave), being careful to find properties that are similar in era and design, but that appear well maintained and in mostly owner occupied neighborhoods. These in-demand homes are typically older, well-built, and are attracting first time homebuyers. They are appreciating in value, and we are still seeing bidding wars when priced attractively. A wise investment, in my opinion. - Tue Mar 18 2008, 18:49
Jennifer Bukaty answered:
I am genuinely tired of lenders baiting my clients with products and GFE's that they cannot come through on. This happens all too frequently.
The good stuff? The mortgage brokers I work with have all proven themselves to be honorable, timely in locking, and are an extension of my own high level of customer service. They make me look good to my buyers and that goes a long way. Another positive aspect to my 'most favored mtg brokers' is that they have the ability to shop from hundreds of different lenders and can almost always find something attractive for most buyers. - Tue Oct 9 2007, 22:18
Jennifer Bukaty answered:
Hey Ruth.... I'm answering this without reading the other answers for obvious reasons. But here's my take:
Real estate brokers are supposed to be the experts! That includes financing because if not, we have no way to protect our clients from ugly loans with disastrous results. I don't feel a need to memorize the entire US tax code, so I hire an accountant who knows. It's the same thing. The idea that agents are clueless frustrates me to no end!
And by the way... I appreciate your passion Ruth :) - Fri Sep 21 2007, 19:25
Specializing in Urban Portland Neighborhoods.