mls: Beaverton Oregon Real Estate and more: When investing, know the numbers before you buy! (Part 1 in a series)
- 08/25/09 08:34 AM
When investing in Beaverton, Oregon, one of the biggest mistakes I see is the investors don’t know the real estate market or the numbers before they try to purchase a property.One of the problems with most investors is the same problem that most entrepreneurs have, we don’t take advice well. We all want to just do it, and because we know what is best for us, so we hire people to help us, yet we don’t hear their advice until after it is too late. One of the things I tell investors is, I can give you the numbers, but I know … (6 comments)
mls: Beaverton Oregon Parks: Sexton Mountain Park
- 06/21/09 05:18 PM
Beaverton is full of many great parks and Sexton Mountain Park would be no exception, with a play structure, some sort of track for parent to exercise on and even a basket ball court. But, there is one thing that Sexton Mountain Park lacks, and that is parking! There is NONE! So unless you live within walking distance of this park, don’t bother even driving to it, because the streets are very narrow and every one of them has a no parking sign. I ended up not even taking my kids to this park because of the parking situation. I had to have my … (8 comments)
mls: Are you using the average days on market to get business? Are you lying?
- 06/17/09 01:34 PM
I keep seeing reports that the average days on market in my area is about 174 days. I went on a listing appointment the other day and the person asked me what my average days on the market was. I asked, “Why do you feelt hat is important?” She said, “Because the last person I interviewed said her average days on the market was only 102.” At this point I thought for a second and then asked a couple questions. The first question I asked was, “So, did she tell you how many short sale listings she has? Did she tell you what … (16 comments)
mls: Beaverton Oregon Real Estate Investing: Landlords and crime prevention
- 06/11/09 06:21 AM
One of the many questions Beaverton, Oregon, landlords have about their property is how can they prevent crimes from happening in their properties. One of the things I tell them is to make sure you screen your tenants very carefully! How can you do this? In my opinion, one of the biggest mistakes landlords make in screening tenants is tocall the potential tenant’s current landlord. If you have a bad tenant and someone calls and says they are thinking about moving into their property, are you going to tell them they are bad or let them move out of your property and … (8 comments)
mls: Finally a site that reviews places for families with kids!
- 06/10/09 07:00 PM
Areyou a family with kids? Do you want to help other families with kids? Then Trekaroo is the site for you! This site is not only a great place to help other families by giving reviews of places you have been with your kids, but it can also give you some great ideas when you are local or on vacation anywhere in the United States. This site is awesome and to help them grow they are offering incentives to families to write reviews. If you write 10 reviews in your first two weeks onthe site, they will give you a $10 gift certificate … (14 comments)
mls: First time buyers moving to Beaverton are finding it harder and harder to find low priced affordable homes
- 06/09/09 07:10 PM
As many first time home buyers, or people relocating to Beaverton, Oregon, are finding out, the inventory for good quality homes in the lower price ranges is small andin high competition. Now, you would think that would mean the prices would start to rise here, but that just isn’t happening yet. But, what is happening is the homes that are in good condition, at a good price, are getting many offers in one day. If you are a first time home buyer about to enter the market or you are someone considering moving to Beaverton, Oregon, I’m sure you have been on the websites … (11 comments)
mls: Beaverton Oregon Real Estate: Why would buying be better than renting? It may not be!
- 06/09/09 06:17 AM
Many first time home buyers contact me when they get the call from their landlord that their lease is up and they are going to increase their rent $50 per month. Out of anger they call me and say, “I’m ready to buy, my landlord is raising my rent again!” I do love to hear these words from a potential buyer, but there are a lot of things I want a potential buyer to do before I think they are really ready to buy. The first of those is to look at a rent vs buy calculator and see if, at this time, … (4 comments)
mls: Is it possible to have a client that is too loyal?
- 01/09/09 09:32 AM
I know sounds like a stupid question, but is it possible that a client can be too loyal to a person they have done business with in the past to the point that they lose the deal? I say sometimes you have to walk away from friends or past business relationships that were once good to you, if their service is now not what you expect. You see this is what has happening to one of my present clients right now! They are in the process of selling their home, through me, and are ready to buy a new one. However, she … (17 comments)
mls: Recently remodeled and hey look we covered up a fire are two different things!
- 10/25/08 12:06 AM
You read the MLS and it says "REMODELED". It has an amazing price and you call your buyers who get excited and head over to meet you before anyone else has a chance to put an offer in. Now, things get exciting. The house looks amazing, so you put in an offer, it gets accepted and then you order the inspection. It turns out that remodel was only cosmetic! As the inspector is climbing in and around the kitchen, and the attic above the kitchen, he finds beams burnt through that weren't replaced, and cabinets that still have water damage from the … (18 comments)
mls: Would I do it again? I seriously doubt it, but you never know!
- 10/15/08 11:49 PM
I met this person that was scammed by someone in to buying a property to lease option to someone else. The person that sold to him convinced him to use his good credit, buy the home, and then sell it for a profit to someone with less than desirable credit that had picked the home they wanted to buy. But, here was the problem, the home had a false appraisal done on it and the appraiser did an appraisal on this home for $15,000 more than he was buying for. The seller gave the $15,000 to the con artist, and told the … (6 comments)
mls: I used to love my 2nd job, but now it is harder than ever
- 10/15/08 02:51 AM
It was April 2005 when I read my first book about owner financing and lease options and I realized how many people needed help to buy a home. I did everything I could to learn how to structure these deals, but I realized then that it wasn't the way to riches and I had to take on a 2nd job if I wanted to stay in real estate. What was that 2nd job? It was helping people repair their credit so they could exercise their option on a lease option, or refinance after a few years in to an owner financing contract, … (7 comments)
I've seen some strange things working with lease options, but a two month lease option has to be the strangest. The sellers and I thought about this long and hard and something just doesn't add up on this one. The seller's agent called me because they know I specialize in lease options. She asked if I have any homes in a certain area, that aren't on the MLS. I do have those from time to time, and this time I happen to have one. You see this is when things started to get strange... when I told her about the house. She said … (8 comments)
mls: Another builder files for bankruptcy, but it isn’t all bad
- 10/13/08 03:48 AM
I was listening to a radio interview with a local home builder the other day and they were talking about having to file for bankruptcy. Renaissance homes built luxury homes in and around the Portland home market for some time now and I do have to say their homes look amazing.
What happened is they had the money from the banks to build the properties, they had the sales contracts, but they made one mistake. You see they built the homes based on pre-build contracts and in a lot of these contracts that would be some times 9 months long, they would … (3 comments)
mls: More and more people are calling me asking how to talk to their banks
- 10/06/08 05:16 PM
As more and more people realize that they may have to go in to default, I'm starting to get more and more calls from people asking me how to talk to their banks about how to avoid losing their homes. The story time after time is that they called their bank and the banks all say, "Sorry, can't help you until you are already in default." Now, I've been able to help a few of these people, but most of the time I have to sit down with them and discuss their options with the HOPE program, talking to a lawyer to … (12 comments)
mls: Short Sale, Short Sale, Everywhere a Short Sale
- 10/05/08 04:49 PM
As we watch the news, all you seem to hear is how many short sales there are in the market right now and how they are destroying the home prices and consumer confidence. I say let's look at the actual numbers and then decide how bad they are affecting the over all market in Washington County, Oregon. Today in area 151 which covers Tigard all the way down to Wilsonville, there are 146 active listings that are short sales. In area 150, the Beaverton/Aloha area of Washington County, there are another 182 short sales actively on the market. So the next question … (14 comments)
mls: Did the bailout bring consumer confidence to the home buying market?
- 10/04/08 05:18 PM
Friday, we all heard the news as it hit the TV, radio, internet, and newspapers that the house had passed the 700 billion dollar bailout. We all sat and wondered if and how it was going to affect the buyers and our house sales. Now, something certainly happened, but did it really have anything to do with the bailout? On Friday night at about 6pm PST, I got my first call asking me about the bailout and what I thought it meant for the nation and the home selling and buying market. After a long conversation, the person on the phone wanted … (9 comments)
mls: Can we bring our kids?
- 10/04/08 04:21 AM
This is a question I got from a buyer yesterday and as a person with 3 kids of my own, ranging from ages 4 to 10, I couldn't believe I was being asked this question. I personally think this is a question that I shouldn't have to be asked. Without kids, we don't have a future and I want them to learn about life and the home buying process. I love kids and I told them I would send some of my past posts about kids on appointments to look at homes and how sometimes the biggest joy I get out … (22 comments)
mls: Renting to people with bad credit can make you big money!
- 09/30/08 05:23 PM
Are you an investor with rental properties, but only seem to be getting people to put in applications that have bad credit? Don't let this keep your investment properties empty! I have some investors who cater to this type of client and don't have problems because they put safeguards in place that not only keep the rent coming on time. They also have rents that are above the market prices for the area, and not by just $25 or $50, we are talking hundreds higher per month. How are my investors able to do this? They advertise a home for rent, but … (18 comments)
mls: Families shouldn’t be forgotten in a short sale
- 09/28/08 05:10 PM
One of the toughest things about working short sales is knowing you are helping a family who is in trouble. For some reason, they can't afford to live there anymore. Many times it's because of life changing situations such as divorce, job loss, death, or many other reasons. But, now they have to sell their home and don't have the equity to pay us or what is owed to the bank. The loss in value in the last two years has made it impossible to sell a house for the same price they bought it for plus 6%-8% to cover our commission … (9 comments)
mls: Investing in real estate at 60% of appraised value can’t hurt your portfolio!
- 09/25/08 04:55 PM
I have a group of investors that have learned that investing in real estate doesn't have to be venture in losing money like so many investors have in the past year. You see, they learned that you can't really lose money if you are buying properties at 60% of the appraised value. Why were they able to do this? Because they found out about homes before they even became part of the MLS, or they worked together with other investors and bought a group of homes (Portfolio) from banks at a discounted price and then they divide the homes among themselves. Why are … (4 comments)
Helping Families Home is a blog set up to help families find that perfect home for them. I have a family and I understand how hard it can be to find a home that everyone is happy with. Let me help you find that home and help your family home.
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