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Home Buying in Clackamas County : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling1
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Activity 51
Fri Aug 9, 2013
Cassandra M. Bickel answered:
Chris,
The best way to figure this is to ask a few questions.

1. Are you doing the work yourself or hiring someone. (If you are hiring someone, please get a couple quotes from professionals that are licensed/insured/bonded). Getting a quote will give you a good cost of the project.

2. Are you doing this for value reasons or to make your life/living situation better/easier. One of these has got to be the primary reason even if both have a big role.

3. Are you planning on staying in the house long term or just 1-3 more years?

4. What is the difference in houses in your neighborhood with 1 bath versus 2. And what is your average inflation in your market?


By answering these questions you will be able to find out if you should recoup the cost. If homes are not appreciating at a great rate and there is only a $5-10K difference in price, AND you are only planning to stay for a short time, then it probably doesnt make financial sense,

However, if having 1 bath is a huge burden and you need that 2nd one to make your life a little easier, then you might be better off doing the project. Just expect that you might not recoup all the money you spent on the project.

Good luck.

Cassandra Bickel, REALTOR
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0 votes 13 answers Share Flag
Fri May 17, 2013
Linda Heinrichs answered:
I live and work in the Lake Oswego community, which is predominately 97034. The Lake Grove, West Lake, Bryant Woods and some other areas of Lake Oswego fall into the 97035 zip. The price differentials are predominately related to the quality, size and location of home you are purchasing. 97034 sometimes has a higher price point because the homes are in a higher demand location, are larger and have upgraded amenities. Whatever your price point there is something for you in this fantastic community and is just a matter of matching up your expectations and budget. Let me know if you need help. ... more
0 votes 3 answers Share Flag
Fri May 17, 2013
Linda Heinrichs answered:
I agree the first step is to determine how much you want to spend and what kind of home you would like to purchase. Do you see yourself living on the Lake? In the hills with a view of Mt. Hood, on small acreage in town or in the walkable First Addition Grid. There are many, many choices that will be affected by your budget, what size and style of home you would like and often where you work will impact which side of the lake you choose to live. I do know that after living and working in this wonderful community for many, many years you will love all that Lake Oswego has to offer. Please call if you would like some help. ... more
0 votes 4 answers Share Flag
Mon Jan 28, 2013
David Peck answered:
Hi Mark,

A good place to start is by contacting a competent realtor who can take a look at your home and provide you with an opinion of what you could sell it for in today's market. The Oregon City market has been shifting in favor of sellers the over the last few months and has seen some value appreciation.

If you'd like me to provide you with a value, please let me know. I am local to Oregon City and know the area well.

David Peck
Realtor, FACS
Oregon First
Phone: 503-516-2013
davidpeck@oregonfirst.com
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0 votes 11 answers Share Flag
Fri Dec 14, 2012
allan erps,ABR,SFR answered:
In my humble opinion most probably not! This is something that the majority of homes in this area do not have.
0 votes 6 answers Share Flag
Mon Jan 28, 2013
Lana Lavenbarg answered:
A short sale means the seller owes more on the house than he can get and so it does not mean short on time but short on funds. Buying one -as long as you have patience can be one of the best buys you might be able to get out there. Again, you need patience,...but many times you will do very well by buying one! ... more
0 votes 4 answers Share Flag
Fri Dec 14, 2012
Tangelina Grimes answered:
Your decision should be based on what's most important to you. If your a person that can deal with the freeway traffic/noise then I wouldn't worry about it. I would also suggest you investigate into why (usually your agent will do this for you) the house is priced low. If it's because of the freeway/location within the city, then that takes you back to whether or not you can deal with being close to the freeway.

Being in a community that has a top rated school district is an amazing benefit to those who care about the quality of education their children are getting. I myself appreciate being apart of a community that shares the same values as I do when it comes to education, family, and overall quality of life.

In summary, yes you should buy a low priced home in a top rated school district if in fact you place a high value on the schools and the reasons the home is priced low will not affect you being able to finance the home or become a burden to you in the future.
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0 votes 1 answer Share Flag
Wed Oct 17, 2012
Linda Heinrichs answered:
In my opinion probably not if you have other options in your price point. Lake Oswego is a great school district and is the town in which I live and work, but location is one of the single most important aspects of your home purchase that you should consider.

If this is the perfect combination of price, house & schools, then you need to go into the purchase knowing that a home backing to the freeway will always sell in the future for less than neighboring homes across the street and a block or two away in the same neighborhood. If you are working with a good buyers agent, they will help you identify comparable homes or lower your offer to reflect a freeway in the back yard.
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0 votes 4 answers Share Flag
Mon Sep 10, 2012
Melina Tomson answered:
Most require two but Washington Federal holds their own loans and doesn't sell them on the secondary mortgage market so they can make internal decisions rather than being bound by Freddie and Fannie criteria. I'd give them a try. ... more
0 votes 2 answers Share Flag
Thu Aug 23, 2012
Allison James Estates and Homes answered:
Hi Bart - I live in Gladstone myself.....love it here! Chatauqua Festival in early August is always very fun. Many of the homes in the area you are asking about were built as split entry or ranch style homes in the 70's and 80's and aren't likely to have asbestos issues. I've been in quite a few of these homes over the years and sold several - all appear to have been built with fairly good quality construction. What varies between them is how well they have been taken care of by occupants.....and this will be the issue with any home you look at anywhere, Best advice is to make sure you have a great home inspector once you get an offer accepted on a home - they will be able to tell you the answers to all of the questions you've asked...but specific to the home you are buying. My favorite home inspector also lives in Gladstone and would be a good resource for you. If you'd like his name/number, just let me know. My team would be happy to help with anything you need.

Kelly Gebler, Principal Broker/Owner
Cornerstone Group NW @ Keller Williams Realty
www.CornerstoneGroupNW.com
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0 votes 1 answer Share Flag
Mon Sep 19, 2016
Jennifer Peterson answered:
Prices may or may not be negotiable. It depends where the developer is within the project. Early on they cannot lower prices as they become comps for all future sales. However, a Realtor can run analysis for you to determine how much if any you can potentially come off the price. Also, all upgrades can certainly be negotiated, so it is in your best interest to hire a Realtor to work on your behalf (the agents at the open houses are working on behalf of the seller, even if they are not the listing agent, typically). It costs you nothing to hire the Realtor that works for you on the buying end. Feel free to call with any additional questions you may have. 503-522-5803 cell or visit www.PDXRockstars.com. Good luck! ... more
0 votes 9 answers Share Flag
Sun Jul 8, 2012
Julie Fugate and Chris Kish answered:
I do property management and have a couple of homes in the area that i manage. Feel free to contact me.
0 votes 7 answers Share Flag
Tue May 29, 2012
Wayne Olson answered:
Hi Mick,

With so many family friendly amenities like parks, walking trails, shopping and restaurants, Lake Oswego is a wonderful community, especially for a young family. And the Lake Oswego school district is one of the highest ranking districts in the state.

In terms of size, Lake Oswego is 11 square miles with approxately 37,000 residents.

My office is in Lake Oswego, and I know the area well. Please feel free to give me a call at anytime to get more detailed information.

Best,

Wayne Olson
Real Estate Broker - Coldwell Banker Seal
(503) 699-3722
wayneolson@cbseal.com
http://wayneolsonhomes.com
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0 votes 4 answers Share Flag
Thu Nov 1, 2012
Alain Picard answered:
In my opinion the best way to do this is to work with a local real estate agent who should not make you pay them for their service and tell them that this it what you are trying to do. They should be able to find these properties for you. I also recommend that you click on the link below which will take you to my companies Facebook page where there is a link to a two minute video explaining Rent To Own homes. The link was the last thing that was posted on the page so it's at the top of the timeline on the left. And If you think the video was helpful please like our page. Thanks ... more
0 votes 6 answers Share Flag
Thu Dec 13, 2012
Ron Thomas answered:
The word on the grapevine is; two years.
The thing is; this is not a LAW or a directive. It probably has never seen print, particularly in a government office.
I totally expect the Lenders to be flexible with this, particularly when they need to find new clients for their loans.
You can use the two years to save some money and rebuild your credit.

Good luck and may God bless
... more
0 votes 4 answers Share Flag
Tue Mar 6, 2012
Allison James Estates and Homes answered:
In checking the property tax records, it appears this is likely a rental. Tax records give the owners address as being out of State. If you would send me a private email at LetUsGuideYouHome@comcast.net I'll send you the address. I am not comfortable giving out someone's personal info in this format. ... more
0 votes 3 answers Share Flag
Wed Aug 29, 2012
Anthony Cincotti answered:
There are many factors in place here that complicate your answer. Some States, such as NJ carry an exit tax which can increase your tax burden when leaving.

Below is a small piece of information that may help lead you in the right direction. And of course, I would also consult a tax attorney or a CPA.

Q. My seller is a resident alien, does that mean FIRPTA applies?
A. A resident alien, for purposes of FIRPTA, is not a foreign person. FIRPTA defines a foreign seller as a non-resident alien individual, a foreign corporation not treated as a domestic corporation, or a foreign partnership, trust or estate. There are two ways to determine if a person qualifies as a resident alien under FIRPTA:

1. If a person has been issued an alien registration card ("green card") or

2. The substantial presence test that requires a person be physically present in the United States for a certain number of days a year. 183 days (pursuant to IRS Code).
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0 votes 4 answers Share Flag
Thu Dec 13, 2012
Marie Souza Team answered:
Onesis - A builder will tell you what the base price of the house is & the cost of any/all upgrades. If you don't have a buyer's agent on this, you should. Building a house is notorious for going beyond contract dates & actual costs. An agent can help you with the offer price by pulling area comparables & make sure your contract dates are upheld (or extended accordingly). ... more
0 votes 4 answers Share Flag
Mon Jul 11, 2011
Michael Emery answered:
You want someone to just give you a home? Doesn't happen. Even if there were such a thing, you would be liable for income taxes on the 'gift'.
0 votes 2 answers Share Flag
Mon May 12, 2014
Rachel Bradley answered:
Did you purchase a home warranty? If you did, it might cover it depending on the type of warranty purchased. If you don't have a home warranty the best advice is to contact a lawyer who is knowledgeable about real estate. ... more
0 votes 3 answers Share Flag
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