PDX Renovations

Tag: PDX Buys Houses

  • Cash House Buyers in Portland

     

     Cash House Buyers in Portland

     

    When you have an opportunity to sell your house for cash in today’s market, it is best to give it serious consideration. There are plenty of options, including cash house buyers in Portland.

     

    A number of factors are adding up to “Sell my house for cash now.” We’ve listed them in this blog, so that you can find the right alternative that will allow you to unload your property at its peak value and profit now before it is too late.

     

    A Tight Lending Environment

    Lenders have done a complete about face since the mortgage market blew up with the subprime lending scandals. What was once seemingly free money is now all but impossible to acquire through a mortgage application. Mortgage banks are still reeling from the fallout over the housing crisis. Those that are still in business are very reluctant to loan money to anyone. Without the ability to qualify for a mortgage, the supply of buyers in drying up.

     

    Low-Ball Appraisals

    If banks are leery, appraisers are downright paranoid. Appraisers, who took a lot of heat for their part in the subprime crisis by overvaluing homes are now undervaluing homes. As a result, if you want to sell your house to a buyer with a bank loan, you’re going to have to sell it for less than it is really worth.

     

    New Regulations

    The government backlash in regulations following the subprime lending disaster have gone into effect for 2014 and they bring new rules that make it harder for buyers to qualify for a loan. Income-to-loan ratios, employment history requirements and higher down payment requirements are pushing many would-be buyers out of the market. First time buyers, people who have experienced time unemployed and retirees on a limited income all face new hurdles when attempting to qualify for a mortgage loan.

     

    Cash House Buyers in Portland are Becoming Hard to Find

    Remember when, not too long ago, most of the home purchases were all cash deals? Well, that number is down dramatically. With housing prices returning to normal, the big spenders have turned to other investment opportunities.

     

    All of the above factors point to one big problem if you want to sell your house—it’s going to be difficult. Reluctant banks, low-ball appraisals, a lack of interest from real estate investors and tight government regulations add up to a diminishing pool of buyers, decreased demand and downward pressure on the price at which you can sell your home.

     

    The good news is that we buy homes for cash. We’re not fickle investors who have turned to other markets now that real estate has become less lucrative. We specialize in real estate and are in the game for the long term. Individuals seeking to sell a house can turn to us for a fast sell without the headaches associated with bank qualifications, iffy appraisals and government scrutiny.

     

    But beware, all cash house buyers in Portland are not the same. When trying to differentiate between the good and the bad, check their testimonials and reviews online. Google them and see what you can find. Also a good tip when dealing with a cash buyer in Portland is verifying they have the funds to close.  This means at the time of contract negotiation, request fund verification. If they are the real deal, it shouldn’t be a problem.

     

     

     

  • Security and Safety for your home

    Extra Security and Safety during the holidays

     

         Holiday Season Security and Safety. Break-ins, vandalism and fires: It’s all over the news this time of year and it’s something that can easily be avoided by taking extra precautions this year with your home and your personal security. During a time of joy and peace among men, its sad but true that the holidays bring out the worst in some people. Whether it’s greed or desperation, home break-ins skyrocket during the holidays. People are traveling more, buying valuable presents and storing them in their homes. Predators are just waiting to break into your home and steal whatever they can find, sometimes even presents under the tree.

        Vacant homes this time of year also suffer vandalism, break-ins and the all so troubling squatter problem we see in the Portland metro area year round. Vacant homes are just too tempting. Sometimes they are boarded up, lights and water have been shut off, but that won’t deter someone who is desperate for a roof over their head or a “warmer” place to sleep other than in an alley or a downtown park. Same can go for your occupied home if you are gone for long periods of time. You’d be surprised at how bold and unwavering a desperate criminal can be when they have nothing left to lose. Vacant homes are also more susceptible to fires because of these vandals who will sometimes stop at nothing to get warm.

          Of course, selling your vacant home would be a solution to a lot of your problems, and if you are contemplating that choice please give us a call (or fill out our sell fast form:  https://patient-liger-dev.10web.site/how-we-buy/ and see what we can do for you, but if it’s not the right time, please make sure you take these extra precautions this holiday season not only for your security, but for the safety of your family.

    • Be extra cautious about locking doors and windows when you leave the house, even for a few minutes.
    • When leaving home for an extended time, have a neighbor or family member watch your house and pick up your newspapers and mail.
    • Indoor and outdoor lights should be on an automatic timer.
    • Leave a radio or television on so the house looks and sounds occupied.
    • Large displays of holiday gifts should not be visible through the windows and doors of your home.
    • When setting up a Christmas tree or other holiday display, make sure doors and passageways are clear inside your home.
    • Be sure your Christmas tree is mounted on a sturdy base so children, elderly persons or family pets cannot pull it over on themselves.
    • If you use lights on your Christmas tree ensure the wiring is not damaged or frayed. Frayed or damaged wiring can cause a fire.
    • Place your Christmas tree in water or wet sand to keep it green.

     

  • The Ugly Truth About Renters…Rental Property headaches.

    Renters. The good, the bad, the ugly. You just never know what or who you are going to get. No possible report out there will tell you their entire history. Their personalities. Their impatience. Their deep cleaning habits or lack there of.  Their lack of respect for your house: The house you spent hundreds of thousands of dollars on and probably a lot of hard work as well.

    Let’s face it, the real estate market in the past ten years has taken us all for a ride. Up, down, up, down, like a roller coaster, it’s made millions of Americans nauseous and extremely cautious about what to do in the future. Many people think renting out their house while they contemplate their next move is the best solution.

    A few things to think about that go beyond the “normal” credit and background checks.

    • Kids. We love them, most of us have them, a few of them sometimes, but let’s  face it they reap havoc on walls, paint, trim, doors, yards, appliances  etc.
    • Pets.  One in three households owns a cat or a dog. That means one in three  potential renters is going to want to bring Fido or Whiskers into your  home, which even with an “pet deposit” to cover damages there can be scratching, accidents, fur and a lingering odor even after they move out.
    • Your  Sanity: Late night phone calls and texts, emails, tweets about what broke  and what they can’t live without. What needs fixing? NOW! When in reality,  we know as homeowners that the budget just doesn’t always work that way.      Sometimes it takes a month or two to get things repaired or replaced. Renters sometimes don’t understand this.
    • Yardwork:  Most rental agreements call for the  renter to keep up the yard, but really, how many renters really spend time  sprucing up a yard and planting trees, shrubs, etc in a home that they don’t  intend to live in forever. It just doesn’t happen, so yards suffer. Weeds take  over lawns and flower beds, shrubs become unruly.

    What’s considered normal wear and tear for an owner occupied home can be quadrupled in a rental just because most renters don’t care enough to treat a rental property with respect.

     

    Before renting and taking on a huge headache, look into all of the alternatives, which can include selling your home for cash, with zero out of pocket expenses, no repairs, we’ll even take care of the garbage!

     

    Fill out our sell fast form today and see what we can do for you!! https://patient-liger-dev.10web.site/how-we-buy/