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Home Buying in Portland : Real Estate Advice

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  • Local Info69
  • Home Buying372
  • Home Selling68
  • Market Conditions37

Activity 521
Fri Aug 18, 2017
Jglosson.cvg answered:
$545 for HOA is ridiculous, if you go by the "50% rule" then over have of your income will be going towards HOA, and the other half will be eaten up by insurance and maintenance. I would look to buy something in a more rural area without an HOA. You may not get as much for rent but you will avoid unnecessary expenses as well. I am currently looking into to doing the same thing I am recommending. I would like to buy a large enough plot of land able to place at least 8-10 mobile homes and rent them as low as $500-$600/ month. ... more
1 vote 18 answers Share Flag
Sat Aug 12, 2017
Kathy Burgreen answered:
Since you are not ready to move for retirement yet, you need to do the following: Disclosure - My husband & I retired 2 years ago.

Visit different neighborhoods and spend time in local grocery stores, take walks, drive thru the side streets, is there activities for you to enjoy, etc. In grocery stores, compare prices on items you currently buy with prices in CA.
What will your retirement income be like - Social Security, savings, profits from sale of your home in Laguna Niguel, retirement accounts? Will you need to work part time? Full time?
What will your tax situation be like? I know Oregon has no sales tax BUT is their income tax higher than CA? How much are property taxes on ranch homes and town homes? How does that compare to where you currently live?
What do you see yourself doing everyday in retirement? Start planning a daily itinerary of what you intend to do. Staying home relaxing is NOT an option! Will you have the income to follow thru OR will you be restricted to staying home and watching TV all day because you don't have enough money saved. One option is to volunteer several days/ week. If volunteering, research what organizations you want to volunteer in.
Research your new location for senior services. Are services for seniors sufficient for your needs.

On a personal note, we live in a suburb of New York City, meaning this area is very expensive and not ideal for retirement. We receive a pension which makes it affordable to live here otherwise we would have to move out. Others have accumulated equity from the sale of their homes + have retirement accounts so they can afford to retire here. Many others have retired in Florida but they have a home up north to escape Florida's steamy hot summers. On a daily basis, we volunteer 3x / week for Meals On Wheels, take walks, travel, errands, occasional entertainment, read, computer, TV, spend time with family, etc. We don't work.

For now you don't need to contact a realtor. They are only interested in owners who are selling today and packed up to move out. Enjoy retirement! I will admit it's a huge change and it requires an adjustment period (you need at least 1 year to adjust). Make sure you keep a daily financial budget - this helps us a lot and record everything you pay cash for. One unexpected change was your co workers / colleagues don't want to keep in touch with you. Several retired people told me this in addition to our experience. You will need to make new friends and acquaintances. Review your finances to allow for price increases, tax increases, healthcare costs, activities that require money (especially if you are not paying for it now), etc. Research Medicare and know what it covers and does not cover. Research the costs of supplemental health insurance plans and what they cover and don't cover.

I know it's a lot to do and research BUT I guarantee you will be so grateful to do this BEFORE you actually retire.
... more
0 votes 1 answer Share Flag
Wed Aug 2, 2017
Alysse Musgrave answered:
Yes, banks want a complete financial picture. They want to know the source of your down payment, your debt load, etc. I have to share my Schedule-K just to buy a car.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
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Sun Jul 23, 2017
Sabbathwench asked:
Sat May 27, 2017
Rthacker asked:
Sun May 21, 2017
Rthacker asked:
Please change the search from San Antonio to Portland, Oregon
0 votes 0 Answers Share Flag
Thu May 11, 2017
Brucebaker509 asked:
I am 67, presently retired from 65. Have an old judgement still lingering. Wife is 58 and still working at good job 4 years. Both have$ 700 credit scores.
0 votes 0 Answers Share Flag
Thu May 11, 2017
Brucebaker509 asked:
I retired 2 years ago at 65 when Medicare began. Wife is 58 and has a stable job at 4 years. Both have @ 700 scores with old judgement on mine. Currently paying @ 1200 per month rent.
0 votes 0 Answers Share Flag
Mon May 8, 2017
Jesse Rivera answered:
This is tough to answer by the info given, there are a lot of factors to consider. I'd be happy to see if we can make it work. Shoot me an email at jesse@masonmacnw.com and we can set up a time to talk. ... more
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Mon May 8, 2017
Jesse Rivera answered:
Hello!

Getting a loan with a student visa is tough, but I may have a solution. I have a program where and investor will buy the home (you can choose from MLS) and you can rent the home for up to 5 years, with an option to buy it during that time. That way, when you get your work visa, and get a little time under your belt with your job, you can purchase the home. email me at jesse@jesserivera.com and I can tell you more about it. ... more
0 votes 1 answer Share Flag
Mon May 8, 2017
Jesse Rivera answered:
I have an investor that does this, we can see if you are a good fit. You can rent for up to 5 years, and if you don't buy you get your deposit back.

Go ahead and email me at jesse@jesserivera.com and we can get the ball rolling. ... more
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Thu Apr 27, 2017
Meiya answered:
Hi: my name is Meiya Luo ,col dwell banker seal broker. love to share Chinese language and love to help,call me 3604489739,
0 votes 13 answers Share Flag
Sun Apr 23, 2017
Aribloms asked:
Hi-
I have been renting a home with my wife in NW Portland (97229 - considered in the Cedar Mill area of Portland Oregon) for 9 years. The owner has decided they want to sell the house…
0 votes 0 Answers Share Flag
Wed Apr 12, 2017
Mary answered:
Hello,

Please follow these instructions to remove a saved searches from your list.

1. Log in to your Trulia account
2. Hover your mouse to your name on the upper right corner of the page
3. Click 'Email Preferences'
4. Under 'Email Alerts' tab, click 'Saved searches' or 'Recent searches'
5. Look for the property you wanted to delete and click the garbage bin icon next to it

Please let me know if you have any questions and I will be happy to assist you.


Thank you for using Trulia!

Mary
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Sat Mar 25, 2017
Kathy Burgreen answered:
Unfortunately the problem is you - not your agent. You should be very thankful your agent is still with you instead of dumping you 3 months ago.

The issue is when you are looking to buy in a hot / rising housing market, buyers need to make decisions quickly AND need to submit offers at or above asking price. This is not the time "to get the best deal possible." Throw that idea out because it doesn't work. Why do you think you were outbid 4 different times? Why do you think it's taking you 6 months looking at condos? Something is wrong with this picture. It should have taken you 2 months to find a condo and you should have been moved in already.

Agents call buyers like you "lookie loos" Do yourself and your agent a huge favor. When you are ready to move now and submit an offer at a fair price (even above their asking price) instead of looking for a deal, then you should start looking at condos. Until you reach this point, you are welcome to visit Open Houses as much as you want.
... more
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Fri Mar 24, 2017
Vikki.streu asked:
Recently I have been getting homes pop up from my hometown. We are trying g to find a place in the Pacific northwest and it keeps showing Michigan homes.
0 votes 0 Answers Share Flag
Sat Mar 18, 2017
Bodiegroup answered:
I live in a Don Morissette home in Bend. The construction quality of our home sucks and we are hearing similar complaints from our neighbors. We are effectively rebuilding it right as we go along. ... more
0 votes 4 answers Share Flag
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