Not a great area. Never has been.
Perfect locattion but High Crime. I have witnessed a lot of Tar Heroin trade and we have been hassled there quite a lot. In a big City like Portland with a growing homeless population it is pretty clear the problem is going to get worse and the politics in Portland dictate that they will continue to tolerate this.
If the loft is 30% less maybe. That and carry protection after Dark.
For me I would weigh and balance things. The facts are there so go to the Police Department and ask them for the data on that area.
I say Go Pearl or University area.
To start with a sale with financing is always subject to a finial loan approval, as this offers all parties a protection should a loan not be approved. So before addressing what happens it is more important to learn why a loan is not approved.
If it is something that can be overcome by making the lenders UW with providing new or different documents to make the loan, then you move forward with the sale. If it is an issue of the home being purchased not being appraised for sales price then you can go back to seller and see if will take the lesser or pay something in between and you the buyer pay the difference.
If there is no way to get your loan approved, or seller will not accept a lesser value then you have an out for your purchase. This will cancel the transaction and any funds you have paid to the escrow company would be refunded to you.
To help you out I would start by sitting down with a mortgage banker like me to go over your options and do a pre-approved mortgage prior to making an offer. This way we can together go over any type of issues that may come up. Let me know if I can help.... more
This question totally depends on your budget and long term goals. The Pearl is a great location for Urban living, but it does tend to run a little higher than other locations. If you know this is your lifestyle, then lock in the great prices and low interest rates now. If you are unsure or see changes in the next few years, then you might be better suited renting. There are calculators on Bankrate.com that can also help to guide your decisions from the financial point of view. Good luck.... more
There will never be affordable housing in the Pearl. Portland looks all politically correct on the surface but the Pearl fetaured the "rich getting richer" and tons of tax breaks to boot and it will always be that way. There will be a lot of short sales in the Pearl and some foreclosures but in the greater scheme of things it is almost built out and the neighborhood is pretty stable.
Should pretty much stay that way.
Thanks and good question;
If you are serious about buying a Riverscape townhome, have a Realtor do a market analysis for you. See what is available, sold, pending and those that did not sell, Look at a 3 month history of the market in the area and it will give you a better picture. If you really like the area, and the townhome, and plan to spend several years in the location, rates are great and it is a time when most sellers are negotiating on the listed price. Let me know if I can help you.... more
I can assist you.
We need a unit number and an address and I cna make an inquiry to my title rep and than I will send you via email a packet with owner info, approximate loan balance, a copy of the last deed, and a map.
Easy Peezy Lemon Squeezy.....
I work in 97006 Linda so I can help for sure and may have some old mls info on the place as well.
Let me know what I can do to help.
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The Pearl District already a pretty great urban environment, but just as you thought it couldn't get better...
The Deschutes Brewery opened last week and seems to be the busiest place in town lately. I've tried the food and its pretty good (I recommend the fish and chips). The space is really great and represents the warehouse feel that we all have come to enjoy here. Plus its a pub you can go with a group of friends from any side of town or city and everyone will have a good time (its on Davis and NW 11th)
Of Course there is plenty of new housing options including The Metropolitan, The Casey, The 937 (which is looking pretty cool as they just unveiled the red glass on the decks today) and The Wyatt apartments.
The Pearl District Design Center is opening new studios each month on the north end of the district. Take a walk down 14th Ave, not many Pearlites go down that far, but its a pretty cool area. The entire area is for architecture, furniture, interior design and Art.
There is a new service in town that we have fallen in love with called Doston James Concierge Service.
For a totally reasonable price you can get a personal assistant to help with errands, fresh cut flowers in your house weekly, someone to drive you to the airport (or pretty much anywhere), a chef that comes to the house and makes a perfect after work feast and I have to admit they have the best personal trainer/nutritionist in town. I just checked www.dostonjames.com, its just one page but has a phone number.
Not to mention the Farmers Market, First Thursday, and you could always ride the train in fareless square all you want.
Best of Luck,
Realty Trust Group Inc
Principal Broker... more