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How's The Real Estate Market?

 

What Houses are Selling?

Investment Opportunities

We still have short sales and bank owned properties. These represent great values if you work with an agent trained and certified in these types of transactions. Short Sales have a close rate of about 25%. I expect to see most of the short sales coming back as bank owned foreclosures in the coming months. Many times sellers are not starting early enough to complete the short sale negotiation process with their lenders before a foreclosure takes place. Sellers should always consult an attorney before engaging in a short sale or when facing foreclosure, making this decision.

Thinking of Selling a Home in Oregon Soon?

You get bank statements right? Statements for your 401K? But how about your largest asset your home? How much is it worth today? When was the last time you looked at that balance? I have a tool that I use to keep my friends, family, and clients up to date on the current value of their homes. Based on your neighborhood and your home's unique features I send you a monthly list of homes near you and like yours that have sold, are for sale, or are sale pending. You will see where the market is going and be able to see an estimate of your homes current value. Plus you can keep up on what others in your area are doing. We call it the Property Investment Profile. Sign up today to find out

How Much Your Home is Worth.


Home buyers are again finding their dreams in Oregon housing market

Buying Foreclosures & Short Sales

Buyer-beware and bring your patience. While there are many foreclosed properties still on the market and new ones appearing every day, the process to purchase them is still anything but "normal". Banks are calling the shots, reducing risk, and asking for contract terms that remove most of the traditional safeguards that buyers enjoy with normal Real Estate transactions. They use their contracts and forms and don't really negotiate terms. Be sure and read the Oregon Real Estate Agency pamphlet on buying distressed properties before making an offer. Email me and I'll drop one in the mail to you today. If you want to purchase a short sale or foreclosure are in a strong position to buy I would be happy to help you through the process. I've taken an advanced level training course and have the "Certified Distressed Property Expert" or CDPE designation.