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Market Conditions in Hillsboro : Real Estate Advice

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  • Local Info9
  • Home Buying20
  • Home Selling6
  • Market Conditions5

Activity 6
Tue Oct 29, 2013
Jennifer Peterson answered:
My guess would be they will be higher than they are currently, however, probably only 1-3%. I believe prices will start to increase more slowly than we have been seeing as inventory levels rise a little. ... more
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Wed Apr 4, 2012
Waffles answered:
Helpful postings everyone. Thank you.
1) Our goals for the property are primarily as a view... but that doesn't dictate what it's market value is. How do I determine that?
2) We confirmed that the lot is designated as buildable, but has NO water rights whatsoever. How would I go about determining market value?
3) The lot is on a critical water area and has no water rights.
4) Anyone know a good RURAL LAND APPRAISER (or agent that specializes in rural land deals) in Washington County?
Thanks again everyone!
... more
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Sun Dec 11, 2011
Dave Sutton answered:
I agree with Belinda (first to answer). Unless you must sell for some reason, just sit tight and you should be alright before too long - surely before your retirement target.
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Wed Nov 18, 2009
Hank Paterson answered:
Hello Heather,
It costs a lender tens of thousands in some cases to foreclose on a home and get it ready to sell. So it is a simple math equation really for them. If they have an offer on a short sale for 250K and the payoff is 300K then the bank will lose 50K if they agree to let the owner sell it short. However if the BPO (broker price opinion) they obtain says the home should sell for 300K then they will probably foreclose on it and spend 10K to be able to sell it for 300K. This nets them 40K more than allowing it to sell short.

This why you see so many short sales never get bank sign off and then come back on the market for 20-40K more than it was listed as a short sale. There can be many more factors than I called out here but this should help understand a bit better.

Hank Paterson
503-803-7204
HankPaterson@gmail.com
... more
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Sun Nov 23, 2008
Maria Morton answered:
0.18 is just shy of 2 tenths of an acre. Your lot is probably around 8000 square feet. The county recorders office should have more details, if they have been recorded. To find the going price of lots in your area, please contact a local realtor. ... more
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Market Conditions in Hillsboro Zip Codes

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