portland buyers: Tips on How to Get Your Finances Ready to Buy a Home - 04/19/11 11:19 AM
Get Your Finances in Order: To-Do List
1. Develop a household budget. Instead of creating a budget of what you’d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as car repairs, as well as predictable costs such as rent, utility bills, and groceries.2. Reduce your debt. Lenders generally look for a total debt load of no more than 36 percent of income. This figure includes your mortgage, which typically ranges between 25 and 28 percent of your net household income. … (1 comments)

portland buyers: Buyers Who Wait May Lose a Lot - 03/05/10 10:09 AM
Buyers Who Wait May Lose a Lot
Potential home buyers who delay have a lot to lose. First-time home buyer and move-up tax credits worth $8,000 and $6,500, respectively, expire April 30. Buyers who qualify get a dollar-for-dollar reduction in taxes or a cash payment if they don’t pay enough taxes to cover the credit. Other factors that should spur buyers: Low mortgage rates. If the Federal Reserve stops buying mortgage-backed securities at the end of March, 30-year rates will almost certainly rise to more than 6 percent. Rising prices. About 30 percent of markets are already experiencing price increases. Prices … (1 comments)

portland buyers: Portland Style Cottage - 03/04/10 07:33 AM
What a Deal!! Portland Style CottageLocation: Portland, ORFront Porch living with features of a bygone era. Built-ins, arches, nooks and crannies create a warming atmosphere. Large kitchen waiting for your final updates. Seller updated bath, installed 90+ furnace, hot water heater and new electric panel. Just add your decorator touches to this charming cottage!InformationContact InformationCynthia Leeparcorp@yahoo.com503-256-9723Contact Reply FormForward to a FriendView Other FlyersPricingPrice: $169,000Property Location7627 N MISSISSIPPI AVEPortland, OR 97217View MapLinksVisual TourFeaturesBedrooms: 2Bathrooms: 1Year Built: 1912School District: GrantSquare Footage: 1440Agent Name: Cynthia LeeBroker: Pete Anderson RealtyMLS #: 10017739AttributesAppliancesRange/OvenFull RefrigeratorSink DisposalMicrowaveInterior AmenitiesBasementPhoto GalleryView as SlideshowView Photo Gallery (4 Photos)Powered by vFlyer.com EQUAL … (0 comments)

portland buyers: 10 Cities Where It's Smarter to Buy! Portland is #8! - 01/22/10 04:10 PM
10 Cities Where It's Smarter to Buy For people who want to own a home, the premium to buy—the spread between what they’d spend to rent and what they’d pay for a mortgage—is much lower than the 15-year average in many cities. To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years. Here are the top 10 cities the magazine chose as the best places to buy right now.
Boston-Cambridge-Quincy, Mass. Charlotte-Gastonia-Concord, N.C.-S.C. Chicago-Naperville-Joliet, Ill.-Ind.-Wis. Cincinnati-Middletown, Ohio-Ky.-Ind. Denver-Aurora-Broomfield, Colo Minneapolis-St. … (4 comments)