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May 15, 2012

Portland Real Estate Foreclosure Myths

Since mass foreclosures started hitting the Portland real estate market around the time of the real estate downturn, many misconceptions about foreclosures have been floating around.  The myths and rumors were spread and many Portland real estate buyers tried to understand what was real. Many misconceptions have come and gone, we still ...

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May 8, 2012

From the Buyers Side - The Short Sale Process

Just like a traditional or equity real estate transaction, a Portland real estate buyer will make an offer to the seller. And as it is in a traditional sale, the seller may not entertain an offer unless it is written, has earnest monies and pre approval letters included. The seller then ...

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May 5, 2012

Why Renting Out Portland Real Estate Could Cost More Than Listing

In the Portland real estate market, homes for sale are selling for about the same as they were in 2003.  Selling and recouping your investment can be hard.  Some owners who have Portland homes for sale are turning to renting when their home is not selling.  Can doing so actually ...

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May 5, 2012

Portland Real Estate Types of Sales

There are three main types of Portland real estate sales.

  1. Traditional / Fair Market / Equity
  2. Short Sale
  3. Bank Owned / REO (Real Estate Owned)

While there are many other "types" of home sales in the Portland Metro area, I just want to point out the  most common.  Lets take a look at ...

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May 5, 2012

Portland Buyers Agents: Looking Out For the Buyers Best Interest

 

 

Before buyers were able to use their own representation, all agents in the transaction represented the seller. Regardless of what broker the agent worked for, they were a sub-agent for the seller. So, even if you thought you were being represented you were not. Sort of like having ...

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April 13, 2012

Why are you waiting on Portland Real Estate?

Are you a lurker?  Bench warmer? A Watcher?  Fence sitter?

Are you a potential home buyer that watches the Portland real estate market and waits from the sidelines?

Are you someone who does not want to contact an agent, won't ask for more information or  go as far as ...

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March 23, 2012

For Sale By Owner (FSBO) vs. Listing with a Portland Real Estate Broker

Listing with a Portland Realtor vs For Sale By Owner (FSBO)

Lets take a look at trying sell your home as a For Sale By Owner (aka FSBO) vs. hiring a professional Portland Real Estate broker to get your home sold.  While there are some deals that have gone smoothly without the ...
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Nov. 16, 2011

Portland Real Estate – October 2011 Market Update

 

The average sale price of Portland real estate for Ocotber 2011 fell 3.5% from the prior month of September 2011.   The $9500 decrease in average sale price ($268,200 to $257,800) is typical for this time of year.  Portland real estate sales will start to slow ...

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Oct. 17, 2011

Portland Real Estate – September 2011 Market Update

In Portland real estate, for September 2011, the average sale price fell 1.3% from the prior month of August 2011.   The $3600 decrease in average sale price ($271,800 to $268,200) was offset a little by the median sale price rising from from $225,000 to $230,800 ...

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Oct. 6, 2011

Benefits of Using a Buyer's Agent When Buying Portland Real Estate

 

There are some common misconceptions when you are buying Portland real estate.  Two that come to mind are that you can either do a better job yourself in sourcing a home for sale,  or that you are going to get a better deal if you approach the listing agent ...

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