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Property Q&A in Molalla : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling0
  • Market Conditions1

Activity 5
Sat Jun 4, 2016
Joipoulin answered:
Don't know about recently but i went to high school with the gal who used to live here and her house completely got destroyed by the flood in '96 so I am thinking flood insurance might be necessary. ... more
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Tue Feb 5, 2013
Craig Loughridge answered:
As David said below, the house in Molalla at 644 N. Molalla Ave. was just taken off the market (as of 2/1/2013). However, the owner may still be interested in selling. A broker like David or myself would be glad to make contact to see what the owner's circumstances or intentions are, and to help you get the home, if it's available.

Best of luck... Craig
... more
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Wed Apr 4, 2012
Jennifer Peterson answered:
According to the title records the company that owned it and possibly built it was Kimco Properties, LTD. They do/did construction. Are you searching for a newer home to purchase? Please do not hesitate to contact me if you would like a Realtor to represent you (no cost to you).

Mandy Lewis
(503) 522-5803cell
... more
0 votes 1 answer Share Flag
Mon Mar 16, 2009
Airika Waible answered:
In the last 45 days or so the time between the foreclosure sale/ auction and remarketing the home has drastically reduced. 4 months ago the average time could have been 2-5 months in what I call "Shadow", where the home is bank owned but not on the public market. Now I am finding homes that are foreclosed and on the market in as little as 15 days. There are a few factors that are in play for this. One is spring season always shows a spike in sales. As more sales happen, the banks and agents gain some confidence in their pricing and know homes are selling, thus it is safe to put more homes on. Banks are often careful not to flood a certain area with too many good deals, especially when they could compete with themselves down the street. Geographically tracking these helps. More reasons for the reduction in time is the staffing and systems to handle the volume are being figured out. Basically their departments are getting used to doing business now. Relations with cleaning companies, Brokers are strengthening. The list goes on. If you want to know more, I would be happy to show you how we research bank owned property in Oregon. We track every property, not just in MLS but have designed software to reveal habits/trends and break them down by bank, broker, area in order to spot a pricing pattern. Alot of manual labor goes into the tracking system we use but it is worth it for our buyers and investors. We hold a monthly event at the Portland Home Builders Association to show how we do this if you would like to attend. This coming Saturday May 5 at 9:30 am is our next event. Meet the agents, investors and other buyers learning the market and where to look for the best properties. Check out the site below to see times and register, its free. ... more
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Mon Dec 29, 2008
Kelly Gebler answered:
Hi Jessica - I checked the listing and it's not showing a lease to own as an option. The sellers are doing a short sale so I'm guessing leasing the property is not likely an option for them - the monthly payment they would receive on a lease would probably not cover their mortgage payment.

I can set up a search for properties where they will consider a lease to own contract if you'd like? Just send me an email with the details about what you're looking for and I'll send you over what's available.

Kelly Gebler
Real Estate Broker & Residential/Commercial Loan Officer
Commonwealth Group & Sunset Mortgage Co.
Ph: 503-516-1637
... more
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