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Home Buying in 97211 : Real Estate Advice

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  • Local Info1
  • Home Buying8
  • Home Selling0
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Activity 7
Tue Jun 21, 2016
Scott Godzyk answered:
FIRST the listing agent looks out for the seller. You would need a buyer agent who is not the listing agent to look out for your best interests. The listing agent can be a dual agent and therefore would not be looking out for either of your interests. ... more
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Mon Sep 23, 2013
Heather Wright answered:
It really depends upon what your looking for. Their is a lot to consider. Lifestyle is a biggie. Kids and school districts. I think that a great low priced area in Portland is the SE neighborhood. Like a lot of neighborhood, their are not so wonderful pockets, but as a whole its pretty great! If your more outdoorsey and want to walk everywhere, the NW area is fantastic. Great access to public transportation too. I hope you find your answers! ... more
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Wed Sep 18, 2013
Tom Inglesby answered:
The City of Portland the taxes are about $23 per $1,000 assessed value homes are never assessed at full value usually 75%. If a house has not been sold in since about 1990 taxes will be extremely lower than normal since sellers had taxes rolled back and they can only increase 3% a year and that can not be stopped plus any assesements that voters added like schools this past year another $2 or so per $1,000. So it is hard to say what the taxes will be but I would guess that the house is small so I would say $1100 to $1300 a year. good luck you can see a homes taxes by address at

Tom Inglesby, Broker
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Wed Sep 18, 2013
Adriana Focke answered:
My suggestion would be SW Portland, either Hillsdale or Multnomah village neighborhoods. SW Portland is more affordable right now, so you can find larger homes for that price range. Otherwise you will be looking at homes under 2000 sq ft. I lived in Hillsdale for 7 years before moving to Multnomah Village, so I know the areas quite well. I would be happy to answer any questions you may have. Feel free to contact me, and good luck! ... more
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Wed Jun 1, 2011
Manisha Jain answered:
Property taxes are set by county based on value assessed. Property taxes are set for 1 year so it doesn't make lots of sense for these taxes to jump at closing.

You can always check with County assessment and taxation department. I would assume you want to check on zip code 97211 which is in Multnomah county (refer to You can check on past years tax records. If you find discrepancy in not advertised according to tax records, you can always have your realtor discuss the matters with listing realtor.

If you find that taxes actually went up, you should review the breakdown of taxes and you will be able to root cause the reason of jump in taxes.

Best of luck!
Manisha Jain
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1 vote 25 answers Share Flag
Wed Aug 18, 2010
Steve Sanz answered:
Hi Kevin, right now we are in a buyers market. You can get great properties at prices comparable to 2003 or earlier and rates will never be better. But the investment question is a really good one. How do you make it work with safety? All investments have risks, so you must do your homework.

Buying right is the first place you make your money in real estate, the second place is cosmetic improvements that cost less than 10% of the purchase price, so 200 thousand dollar property you would try to limit the improvements to 20 thousand or less. The third place you make you money is killing the debt....amortization or the reduction of principle over time. And lastly you make money with appreciation.

Here is the rub, most people look at appreciation as the main way to make money but that is the last way you make money and that's the bonus money.

I manage lots of propertes in the greater Portland area and I see investors working very hard to buy right and they are buying. So the next question is do you have a substantial down payment to invest and is it enough to make your investment cash flow. One thing I see people have success with is buying a duplex and living in one side and renting the other for the first 2 years and then renting the second side. They have someone else paying down the mortgage to reduce the principle on the loan. To do this you might consider building a team from Realtor to lender to service providers like CPAs and contractors. Good luck in your future investment.
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Fri Aug 21, 2009
Wa Macdonald answered:
If it appears that the closing costs will not come to the total seller concession, ask the lender to "buy the rate down" with a point or so, to eat up the "lost" closing costs. ... more
1 vote 7 answers Share Flag
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