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Home Buying in Lake Oswego : Real Estate Advice

  • All45
  • Local Info3
  • Home Buying12
  • Home Selling6
  • Market Conditions2

Activity 16
Thu Oct 16, 2014
Marcia Pastrana answered:
A good idea might be to place a local ad in the neighborhood or community newspaper stating that you have qualified buyers and their specific needs.
0 votes 5 answers Share Flag
Mon Oct 28, 2013
Barbara Carbone answered:
My prediction is the market is going to stabilize. What I mean is we will be moving out of a "Seller's" market with an increase of inventory. Prices will not sky rocket like last year's 12% gain instead will gain a more normal 5 to 6% value year over year. Homes in Lake Oswego in particular will keep there value as it is one of Portland Metro's most popular areas. I also believe interest rates will continue to rise slowly but banks will loosen lending standards to compete. Hopefully we will see an increase in consumer confidence so the days-on-market decrease especially in Lake Oswego where they can be numerous. ... more
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Mon Oct 28, 2013
Barbara Carbone answered:
I agree with Linda, it depends! Best if you ask me 97034 is better overall. 97034 is the North side and 97035 is the South side of the lake. (Generally speaking)

97034 best ares include: First addition, Old Town, Country Club, Forest Hills, Village on the Lake, North Shore, Chandler. Homes in these areas are priced anywhere from $400 - over $1 Million. On the lake or lake access pulls the most value. Here's a tip - Home's in First Addition and Old Town do not have coveted lake access. Village on the Lake has many modern homes 1980 or newer. First addition has lots of new construction and old charm. Walk to downtown!

97035 best areas include: Palisades, Mountain Park, West Lake, South Shore, Bryant, Lake View, Lake Grove: West Lake is super family friendly with sidewalks and parks. It is the most modern neighborhood in Lake Oswego. Mountain Park comes equipped with a Rec Center. The more affordable neighborhoods are located in Palisades, Lake grove, and homes off of lower Boones Ferry.
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Fri Aug 9, 2013
Jones answered:
That sounds like a awesome ideal. I would advise you to do your home work on the contractor, the cheapest is not always the best and make sure you get a completion date. I think it is a great selling point to have a bath ( full or half ) next to the master bedroom. Thumbs up !!! ... more
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Fri Jul 12, 2013
Priscilla Beggs answered:
Legal recourse is definitely a question for a licensed attorney. Best of luck to you.
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Fri May 17, 2013
jojovalley answered:
If you want a neighborhood then check out Westlake area. Good mix of international heritages. Great park for walking around, children of all ages can play. Excellent access to I5 and 217 for commuting and/or shopping (Costco-Home Depot-Lowes- and the malls). ... more
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Fri May 17, 2013
jojovalley answered:
More condos in 97035 would be my observation. The 034 area is more rural, the 035 area is more central. Both areas are awesome.
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Fri Dec 14, 2012
Tangelina Grimes answered:
Your decision should be based on what's most important to you. If your a person that can deal with the freeway traffic/noise then I wouldn't worry about it. I would also suggest you investigate into why (usually your agent will do this for you) the house is priced low. If it's because of the freeway/location within the city, then that takes you back to whether or not you can deal with being close to the freeway.

Being in a community that has a top rated school district is an amazing benefit to those who care about the quality of education their children are getting. I myself appreciate being apart of a community that shares the same values as I do when it comes to education, family, and overall quality of life.

In summary, yes you should buy a low priced home in a top rated school district if in fact you place a high value on the schools and the reasons the home is priced low will not affect you being able to finance the home or become a burden to you in the future.
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Wed Oct 17, 2012
Terri Vellios answered:
We can not answer this with a yes or no. Location affects value and if you are considering next to freeway this house should be priced low for what it has to offer.

I've lived across the street from a freeway and I did get used to it. The issues are that you will hear motorcycles and sirens in the middle of the night, there is more dirt to dust, and the sound changes in weather. I purchased that house knowing full well that it wasn't the best location, and one of the worse locations, but it got me the size I needed for my family in my children's school district, at a price I could afford. Years later when it was time to sell, location was the one objection, even though we had remodeled extensively. Fortunately timing was on our side and we made money.

Times are different now. Make sure that you are well aware of all your options and other properties available. Discuss this with your buyer's agent and then make the decision which fits you.

Have an amazing day.
... more
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Mon Sep 10, 2012
Jeff Nunley, CMPS answered:
Kevin,

There are some programs that one require a year of self employment in certain circumstances. For example, did you go from W2 to private contractor but work largely with the same company? The best way to know whether or not you meet these criteria is to have a conversation with a Mortgage Professeional that knows, or can at least find, the guidelines that may meet your criteria.

If you need any help or have questions feel free to contact me.
... more
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Sun Jul 8, 2012
Marcelle Abel answered:
I am a licensed Realtor with NW Rental Group, who specializes in leasing out homes in the Portland area. Visit our site at www.nwrg.com and contact me to hear details on our services.

Thanks! Marcelle Abel
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0 votes 7 answers Share Flag
Tue May 29, 2012
Carla Muss-Jacobs, Principal Broker/Owner ~ Exclusive Buyers Agent ~ ABR, CEBA answered:
Hi Mick . . . The City of Lake Oswego is a wonderful city. There are 2 public high schools, 2 public mdidle schools and 9 pubic elementary schools. There are over 7,000 in the student body. Lake Oswego has slightly less them 40,000 residents, last count. The student:teacher ratios are wonderful, some of the best in the Portland Metro Area and the schools are highly rated.

Please read my artticle on Lake Oswego, which includes detailed school information as well as census information: http://www.buyersagentportland.com/metro-portland-area/lake-oswego

If you want more information, let me know.

Carla Muss-Jacobs, Principal Broker/Owner
EBA Portland, LLC
Exclusive Buyers Agency since 1999
... more
0 votes 4 answers Share Flag
Mon Sep 6, 2010
John Biniewski answered:
Hello Richard,
Lake Oswego offers many family friendly neiborhoods. Regarding the I5/217 location is very convenient to the west part of Lake Oswego. Westlake is the area located near the location you are talking about, but the pricing might be a challenge. Excellent schools and parks are walking distance. Some of the neighborhoods do neighborhoods pools as well.

If your daughter would like to work with a broker to find her next home, feel free to contact me.

John Biniewski, CSP
Broker
JohnL. Scott
503-968-3918 direct
503-701-0669 cell
jbiniewski@johnlscott.com
... more
0 votes 13 answers Share Flag
Tue Jan 12, 2010
Kyle answered:
January 2010 and I still see lots of price drops. The problem with the Portland area is lack of jobs, and nothing is happening in Portland right now which will bring jobs. The "bubble" here was almost obscene. I've live my entire life in Portland and have owned several homes here, and would literally laugh when I saw what people were paying for former crack houses, just because the neighborhood had a new cute name! ... more
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Fri Dec 19, 2008
Kelly Gebler answered:
Hello Angie - actually this home was listed in the MLS on June 20, 2007 at $1,600,000, had a sale pending on June 27, 2007 and subsequently closed the sale on July 18, 2007 for $1,583,000 so was not an office exclusive listing at that time. It's not currently in the MLS, however, and is listed on the Windermere site for $1,600,000. I'm guessing that since the seller is going to end up netting less than they paid by the time they pay fees to sell - they are running it as an office exclusive listing in the hopes of being able to pick up a buyer who's not working with a Realtor and maybe not have to pay the extra commission for that Realtor and save their seller some money in an effort to lose as little as possible.

According to the Windermere site - it's a large home, but only has 3 bedrooms and 1 1/2 baths so sounds like it's too small for your needs. When you get back from Europe, I'd be happy to help you find something that does match what you're looking for.

Have a very safe trip!

Kelly Gebler
Real Estate Broker & Residential/Commercial Finance Specialist
Commonwealth Group & Sunset Mortgage Co.
Ph: 503-516-1637
Email: LetUsGuideYouHome@comcast.net
... more
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