Tagged : Real Estate

Found 5 blog entries tagged as "Real Estate".

ladders leaning against house in front of trees

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Did you know that a builder in the state of Oregon is required by law to supply a buyer with a home warranty? The new home warranty under Oregon law is covered under (ORS 701.320).

The warranty can either be supplied by the builder or by a third-party warranty. The warranty is put in place to repair or replace faulty work or workmanship. This doesn’t include repairs from the home owners neglect.

What are included in the 1-3 year major systems of the home warranty?

  • plumbing
  • electrical
  • heating
  • air-conditioning

What is included under the structural defects?

  • Foundation
  • studs beams
  • Joists
  • This may not be limited to just these items

 

When you are going to be and or under

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2013 was a year of significant improvements for the Portland real estate market. The number of distressed sales, otherwise known as bank owned or short sales, has significantly dropped over the past year, resulting in fewer “underwater” homes being placed on the market. RMLS reported this month that distressed sales dropped from 28.6% to 15.1%.

Prices in 2013 were also significantly improved in the Portland Metro. RMLS reported a 12.8% increase in the median home price last year for the Portland area. Typically, as the market goes up, the number of distressed homes for sale goes down. This is good news for both sellers and buyers.

We at JMA are thrilled that the market is getting so much healthier. This improvement allows for buyer to search for

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Cash is king or is it really? The majority of my buyers have been all cash lately. Do they really have the advantage over an offer that is financed?  Not necessarily. Many sellers have been more inclined to accept a higher offer that is financed over a lower offer that is all cash. Sellers now are deciding that it might be worth the risk in taking a higher financed offer because it comes to them all cash in the end anyways.. I know many cash buyers would tend to disagree with this, but I have found this to be true in many circumstances.

Buyers that are pre-approved with a lender prior to writing an offer have already gone through the hoops of what the under writers are needing to get final bank approval. Meaning they are already well qualified and

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Many of my clients ask me for referrals for qualified home inspectors that I have used in the past. I always give my clients a choice of three different home inspectors that my previous clients have had success with. If they decide to find their own, this is the advice I like to give them when looking for a qualified home inspector. This is a crucial decision; there are some many aspects of the home that need to be fully inspected to insure that they are purchasing a sound property.

What are the inspector’s qualifications?

The National Association of Home Inspectors is a great resource to find out the background of the inspector and other involvement within the industry.

What is their experience? Do they specialize in residential inspections?

It’s

26,093 Views, 2 Comments

Many people come through my website searching for real estate all over the Portland area. I received a lead one morning and I promptly responded to their questions and started helping them with their new home search.  They are a husband and wife and they have two small girls. Since they were relocating from Syracuse New York, they wanted to find a home in the 400-500k range near Intel in Hillsboro.  So I began my search and after months of sending them properties they contacted me to go visit a listing in the Century High School District. This particular property had all the wonderful interior features that they wanted but the backyard was extremely small. In the Syracuse area where they lived prior to moving here, they have much larger plots of land.

I

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