5126 NE 15th Ave, Portland OR - 03/27/09 06:36 PM
… (7 comments)

Stats From A Friend At Umpqua Bank - 03/25/09 12:15 PM
House Still Buyable The economic climate has been a bit stormy lately, but that doesn’t mean your dream of buying a cozy cottage by the seaside has to go by the wayside.  Learn more about what’s still possible when it comes to home buying.
  PERCEPTION   REALITY      Banks Have no money for mortgage Loans   Umpqua Bank has plenty of money to lend, and we’re ready to use it to help you get settled into your new home      No one can get a home loan right now   We’re closing nearly $60 million in new mortgage loans every month; our customer … (3 comments)

New Rules Could Cost Oregon Sellers - 03/18/09 06:45 PM
According to this article, when a home's soil is test to see if the oil tank is leaking they are testing for a carcinogen call benzene.  If too much benzene is found the oil tank has to be decommissioned.  This just means making sure that chemicals are not leaking to the home or groundwater.  Most of the time this does not require much soil removal to comply with guidelines but two new chemicals have been deemed carcinogenic by the Environmental Protection Agency. 
Naphthalene and ethylbenzene are now considered carcinogens and are a part of the updated screening test for leaky oil … (6 comments)

15535 SW Beverly Beach Ct, Beaverton OR - 03/16/09 05:19 PM
… (1 comments)

February Market Report - 03/13/09 01:45 PM
 
February Residential Highlights
 
The Portland metro area market improved in February compared to a record low January, but remains slow compared with February 2008. Comparing February 2009 with the same month in 2008, closed sales dropped 38.1%. Pending sales also fell 30.5%. New listings decreased 19.7%. On the other hand, when comparing February 2009 with January 2009, closed sales grew 17.1% (857 v. 732) and pending sales were up 3.3% (1,276 v. 1,235). New listings, on the other hand, dropped 17.3% (3,471 v. 4,196). At the month’s rate of sales, the 14,188 active residential listings would last approximately 16.6 … (1 comments)

Score A Deal! - 03/10/09 04:33 PM
Before recently most people had never even heard of a short sale, now buyers are out looking for them to make sure they are getting a deal. 
A short sale is when the bank agrees to discount the loan balance for a seller who owes more on his mortgage than the home is currently worth.  And since nowadays these are everywhere, you are going to find one on your house hunting trip whether you want to or not. 
So there is a down side to these things, you have to work for them.  There is the extra step of getting approval … (25 comments)

Choosing Foreclosure - 03/06/09 05:52 PM
It is said that 20% of home owners are "underwater" on their mortgages and more and more homes are going into foreclosure every day.  For many the best financial option is to let their home go into foreclosure instead of throw away thousands of dollars that the home has lost in value. 
The prediction is that most of these home owners will do just that but some think that people aren't always so rational. 
One reason is that people tend to over value their own home.  That makes it to valuable for them to just walk away from. 
Secondly, people tend … (2 comments)

3905 NE 65th Ave, Portland OR - 03/06/09 01:12 PM
… (0 comments)

 
Clipping_path_pic_professional Rainmaker_large

Tony and Libby Kelly, CRS, ABR, ePro, SRES, CLHMS, CDPE

Lake Oswego, OR

More about me…

Keller Williams Realty Portland Premiere

Office Phone: (503) 924-3520

Cell Phone: (503) 753-7300

Email Me

In this forum we will offer discussions on a wide variety of subjects, but focus on Portland Metro and real estate. Hopefully our insights and experiences will inform, educate, challenge and entertain our readers week after week.


Listings

Links

Archives

RSS 2.0 Feed for this blog