PDX Renovations

Tag: #renovations

  • Successful Cash House Buying

    Successful Cash House buying

     

    PDX Renovations has been buying houses, lots, and land in the Portland metro area for over 18 years.

    With this experience and staying power, it’s no wonder most people come to us first.

    Not only can we help with questions, but we can also lead you in the right direction that is best for you. Not every house we come across is a good fit for us to buy, but we are committed to being the best.

    Our reviews are stellar, and our success comes not just from the homes we buy but the people we help along the way.

    We have a great team of professionals that can help you find a good realtor, make contracting and home improvement decisions, or give you the “real” truth about how much you could sell your house for.

    We don’t just BUY houses for Cash. We consult with our clients and find out what’s best for them, and our reviews and repeat business reflect that.

    Whether you are tired of dealing with the headaches of renters or you’re just not in a situation to put money into your home to try to sell it on the market, we can be there for you.

    A few of the clients are elderly who need to get out from the high maintenance of the house they live in for health reasons, finances, or just because they want to live with less stress.

    There are hundreds of reasons people contact us every day, so even if you aren’t ready to sell today, give us a call and see what we can do for you.

  • Renovation Estimates

    Renovation Estimates

     

    Just like anything else in life, unless you are educated and knowledgeable in specific areas, you truly don’t know everything. And subsequently, sometimes you don’t know the true cost of things. For example, getting your car’s brakes done. Do you know how much the markup on pads and rotors is? Or when ordering wine at a restaurant, do you know it’s a 200-300% markup on your favorite wines and spirits?

    It’s the cost of doing business. Everyone does it.  Now, imagine the big picture. Big dollars…maybe you need new drywall in your living room because a pipe bursts or your roof leaks. Your electricity goes haywire. Until you get a few different estimates, you truly don’t know how much it will cost you and how different each bid can be.

    For example. Getting a concrete bid. Sure, each company will probably tell you a set amount that is very similar to the next guy’s as far as how much the concrete will be, but the contractor will then add in delivery fees, labor, mileage, etc. And each estimate you get can vary by hundreds of dollars.

    It’s always a wise idea to get 3 to 5 bids whenever doing any kind of home repair job.

    Don’t feel bad for having them come out and give you an estimate. It’s their way of marketing themselves and keeping prices down for the public. Besides, if they want your business, they will work for it. It’s not a monopoly by any means. Getting estimates is also a good way to get comfortable with someone in your space with your family and belongings.

    Now, you’ve got your estimates and compare costs, labor, timing, etc. You can go even further and use the internet for reviews, Better Business Bureau ratings, and anything else you might need to know. When you pick the right contractor, the real work begins.

    Make sure you are prepared for the unexpected. We all joke about the famous “two weeks” Sure, it could take two weeks, but more times than not, something will come up, and it will take a bit longer. Is the hired contractor going to bump up your bill and inflate it for the extra time they put in?

    What if something happens beyond their control? Who pays for mistakes or do-overs? Do they offer a warranty on their product and services? These are important things to think of as well.

    Of course, your network of friends and family can always give great reviews and referrals, so don’t just pick up the phone and hire the first company you talk to.

    You’ll save money and headaches down the road by doing it right and getting a few different estimates first!

    PDX Renovations – Portland Oregon

     

  • 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.