First time home buyer 
Buying your first home
There are currently 5 blog entries related to this category.
Difference Between a Short Sale and Foreclosure
Friday, July 31st, 2009 at 3:53pm. 169 Views, 0 Comments.
If you are wondering what the difference is between Short Sale and Bank Owned, it is this:
A Short Sale means that the bank has to take a Short- in other words, cannot get back all the money it lent to the seller, because the house is worth less than the seller owes. There are lots of Short Sales going on right now because banks were not very careful in their lending practices and appraisals- so they lent out way more money than many houses were worth. Now they have to take a loss. Sometimes the house really was worth more, sometimes it wasn't. Just because it is a Short Sale, doesn't necessarily mean you are going to get a good deal. You have to know the market and know what the comps are to be sure. That's why having a good Realtor helping you is so…
June 2009 Portland -Metro Market Action Report
Friday, July 31st, 2009 at 3:49pm. 171 Views, 0 Comments.
Portland-Metro Market Action Report June 2009
According to the most recent RMLS Market action report, the region's median home price has leveled off this summer and hovered in June around $250,000, down 17 percent from its peak. The inventory of unsold homes -- the key measure of supply and demand -- improved more than usual in June. Thanks to an uptick from record-low sales this winter, the inventory dropped from 19 months in January to eight months in June.
One doesn’t have to be a Realtor to know that home sales are cyclical. Winter is a slower season and summer being the hottest. During that cycle, the number of homes listed typically expands steadily from January to July. In 2008, listings grew from January to June by 28 percent. In 2007, it was…
Smooth Move -7 tips to help your kids adjust to a move
Wednesday, May 27th, 2009 at 5:19pm. 210 Views, 0 Comments.
How is the Real Estate Market?
Saturday, April 18th, 2009 at 2:22am. 91 Views, 0 Comments.
As a Realtor I’m always getting the question – How is the Real Estate Market? And since the big ‘bubble” popped, I’m getting it more than ever. Is now a good time to buy? Should we wait? What should we do?
Honestly, it’s really up to you and your family to decide but here are a few points to consider: Falling Mortgage Rates. Mortgage rates are already at their lowest level in 50 years and banks are willing to lock these rates for the next 30 years! Home Prices are Down. Right now I’m seeing homes that were selling for $600K+, a year or two ago, now selling in the $400K+ range. I saw a house recently advertised in the Beaverton area that was around 3400 sqft, granite countertops, cherry cabinets, nice neighborhood etc. for around $280K. In 2005 you…
Happy Valley: A Happy Place to Live
Tuesday, April 7th, 2009 at 5:51pm. 88 Views, 3 Comments.
According to CLR Choice, a real estate information company, Happy Valley, Oregon is categorized in the lifestyle segment -“Kids and Cul-de-Sac” Colorado Springs, CO is ranked # 1 in this category. Happy Valley is a growing community as it has seen a population growth of 154% since 1990. With a total crime index of 67 (100 = National Average) it is no wonder the city is growing. On May 30th there will be a City-wide Open House. I encourage everyone to check out www.HappyValleyCityofDreams.com to get more info.
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