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97267 : Real Estate Advice

  • All6
  • Local Info1
  • Home Buying0
  • Home Selling2
  • Market Conditions0

Activity 600
Wed May 30, 2012
Ron Thomas answered:
What you would/should do is; put a contingengy in the Offer for Soil Testing;
You can say that you must have the soil tested, or you can say what you expect the soil test to reveal.
Talk to your Buyer's Agent.

Good luck and may God bless
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0 votes 7 answers Share Flag
Tue Jun 25, 2013
Joyce Zilai answered:
I hate to be the bearer of bad tidings but this article just appeared in one of our local papers detailing the difficulites of renting in Portland. My recommendation would be to consider a purchase. ... more
0 votes 3 answers Share Flag
Tue Jun 5, 2012
Wayne Olson answered:
Hi CH,

Real estate brokers are not permitted by law to make judgments about whether or not particular neighborhoods are safe or unsafe or have lower or higher levels of crime. However, http://portlandmaps.com has all the statistical information regarding crime and safety that you need. All you need to do is simply to enter an address in the neighborhood you are interested in living in, and the information will get pulled right up.

Hope this helps.

Best,

Wayne

--
Wayne Olson
Real Estate Broker - Coldwell Banker Seal
(503) 699-3722
wayneolson@cbseal.com
http://wayneolsonhomes.com
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0 votes 6 answers Share Flag
Wed May 16, 2012
Paige Abu-Nawwas answered:
If your working with an agent I would ask the agents advice but you are not locked into anything with a short sale until both banks have accepted the offer. You can back out but is it worth backing out of? If you don't have an agent I would love to help you. Call 971-244-2202. ... more
0 votes 10 answers Share Flag
Thu Apr 26, 2012
Jewel Stockli answered:
Nice to meet you Elisa,
All types of buyers can offer on short sales. Your lender looks at your credit and down payment to give you a loan. The seller's lender will look at the price and terms on your offer. Short selling owners quite often do not have the means to do repairs. If You are an FHA or conventional buyer, your lender will require the home be in finance-able condition. If you are a cash buyer you have a better chance at homes in dissrepair.
I do have a list of great mortgage brokers on my website.
Where do you look for properties? You can email me through my site, and look at everything listed, including short sales and foreclosures.
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0 votes 8 answers Share Flag
Wed Jun 6, 2012
Marge Bare answered:
where are you seeing that? that would be helpful, but I can tell you that is probably exactly the reason, because there's no way homes will be selling for a $1. I can tell you figured that out, and you're correct. People need to be very cautious about claims made online, just as you suspected, because it can be misleading.
Best to you...
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0 votes 9 answers Share Flag
Wed May 30, 2012
Linda Heinrichs answered:
Fast with multiple bids:) If you are a seller in the 97212 zip, the more show ready your home is the higher the demand will be. If you are a buyer, you will need to be prepared to respond quickly and you might be faced with escalation clauses and other options to make your offer more attractive to the seller wading through a sea of offers. If you would like specific metrics on a segment of this area let me know. www.pdxrelo.com or lindaheinrichs@remax.net ... more
0 votes 10 answers Share Flag
Sun Apr 15, 2012
Brandi Erskine answered:
Sun Aug 19, 2012
Carla Muss-Jacobs, Principal Broker/Owner ~ Exclusive Buyers Agent ~ ABR, CEBA answered:
Have you found anyone yet? It shouldn't be that hard to find, I know some good loan officers. Are you looking for properties on your own, or are you working with a buyer's agent?
0 votes 3 answers Share Flag
Sat Mar 31, 2012
Jon Cohen answered:
Generally speaking, for active condo listings in the downtown area, the average price per square foot is approximately $358. For properties that have sold in the past 3 months, the average price per square foot is $311. The corresponding price per square foot based on the listing price of those units sold is $325. So the units that have actually sold have an average price per square foot that is lower than the average price per foot of the currently active listings. Of course, the downtown area has several different neighborhoods and the price per square foot may be different depending on the area you would like to live. The price per foot also changes depending on the building or complex.

Your second question is more difficult. Only the tax assessor knows for sure about the correlation between the actual market value and the County's market value. Some properties show a County market value that is very close to the actual market value, while others are way off the mark.

I would be happy to talk with you further about the specifics of the property you have in mind.


Jon Cohen
Real Estate Broker, J.D.
The Portland Home Team
Keller Williams Realty Professionals
9755 SW Barnes Rd. Suite 560
Portland, OR 97225
Tel: 503.720.9393
Fax: 503.336.6185
E-mail: Jon@PortlandHomeTeam.com
Web: www.PortlandHomeTeam.com

Combining a lawyer’s experience
with a passion for real estate.
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0 votes 5 answers Share Flag
Fri Mar 23, 2012
James White answered:
Ed,

I'm a Certified Investor Agent Specialist. I personally have flipped homes over the years. I work with investors and in fact one is closing next week where my client will net between $18 and $27k after rehab.

Give me a call and we can discuss. I need further details from you before we start working together.
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0 votes 9 answers Share Flag
Tue Mar 20, 2012
Marvin Von Renchler answered:
You need to elaborate. Are you talking about using a management company to take care of your home-to-be-a-rental or to help you find a place to rent here?
0 votes 10 answers Share Flag
Mon Jun 18, 2012
Jean Silver answered:
Any of the "close-in" areas of Portland will appreciate, and most have not lost much value in the recent downturn. My favorites are Clinton, Beaumont, Momtavilla, and Buckman/Kerns on the east side, and Multnomah Village, Fulton Park, and the Pearl on the west side. Check out my website for stats on many of these. Call me for a tour if you aren't already working with an Agent. ... more
0 votes 5 answers Share Flag
Wed Aug 14, 2013
Gloria Matthews answered:
Homeowners insurane is the same with or without a loan. may i suggest you contact becky wiley american family insurane for a quote. premeims depend on valur, replacement costs, age, location and similar/other criteria. ... more
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Thu Mar 8, 2012
HLR answered:
Call the folks that you have your car insurance with, they most likely cover home insurance as well.

HLR
0 votes 4 answers Share Flag
Fri Apr 6, 2012
Aliz Smith answered:
The ability to represent your client professionally but also in a bull dog manner. Being the kind of agent the client would be if they had a license. Knowing what things to point out to a client when looking for a house, good and bad. Returning phone calls promptly and making sure the contract the client is about to enter in, is iron clad and a protection for their client even if it may not be for the seller. Internet presence & knowledge is very important in today's market.
Below is my professional recommendations from not only clients, but other agents I have worked with and short sale negotiators I have pushed around..
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0 votes 8 answers Share Flag
Wed May 9, 2012
Lana Lavenbarg answered:
Make sure the place is whre you want to stay. Check on who does repairs and how. Time frame for the lease- the cost of getting out of the lease should you decide to move sooner rather than later. Who pays for water, sewer, garbage, etc. those are a few of the basics. ... more
0 votes 4 answers Share Flag
Mon Mar 19, 2012
Tom Inglesby answered:
The process is just like buying a house. Get pre approved and write an offer. YOur agent presents the offer to the seller and if the seller agrees to the terms it is sent to the bank. Now the hard part for most buyers is the waiting and no response from the bank. You don't need any earnest money except a note in most cases or an inspection until the seller and bank agree to the terms. It is getting better with a few banks but in most cases you will have to wait at least 2-3 months for a reply and most buyers cannot wait or do not wish to wait that long because you have nothing that says even if the bank agrees that the seller in the end will sign the papers since sometimes the bank will go after the seller if they have a second and want to seller to agree that the bank can come after them in the future. Then seller decides to wait it out and let it go to foreclosure and live in the house for free until they get evicted so the buyer waited many months for nothing. If you have the time you can get a great deal many times because a short sale will sell for less because of the time issues. Work with a CDPE (Certified Distressed Property Expert) short sale specialist they understand the buying process. I would still keep looking because you can with draw your offer at any time and many buyers end up doing this if another house comes along. Right now buyers will be looking to get a loan lock and close with FHA since the loan rates will go up April 1st witn all FHA loans so they are looking to get a lock on the loan now to save money every month in the future. Good Luck.

Tom Inglesby, Broker
CDPE, ABR,CRS
RE/MAX Equity Group
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0 votes 5 answers Share Flag
Mon Mar 19, 2012
Dave Sutton answered:
Hi Just Looking from SF (I left Walnut Creek for Portland 18 months ago and love it here)

You're smart to ask, and believe it or not, your friendly Realtor is not your first stop on the road to home ownership. Check my blog post at http://www.davesuttonhomes.com/blog/2012/01/29/whats-the-first-thing-to-consider-when-home-shopping/ for all the details. ... more
0 votes 10 answers Share Flag
Sat Mar 3, 2012
Melina Tomson answered:
Negotiable with whom? The lender, the seller?
0 votes 8 answers Share Flag
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