PDX Renovations

Category: Uncategorized

  • 3 “Must Knows” for Buying a House in Portland

    So you’ve decided to move to Portland…

     

    We can help. Recently, Portland’s housing market has shifted in favor of sellers. Buyers are lining up to get their hands on a house in the area. Prices have fallen by close to 30% since their peak in 2007, and mortgage rates are low. Because the prices are stabilizing, buyers aren’t quite so concerned about their new home losing value right away.

     

    As a result, buyers are fighting over a limited supply of homes, and sellers are in a prime position. This article offers some tips when considering buying a house in Portland.

     

    1. Get your finances under control. Determine how much you can afford to spend on a home. Most real estate sales involve bank or credit financing, so you’ll want to research the loan options that are available to you. Once you get approved by a mortgage broker or loan officer, you will have an easier time finding a negotiating advantage.

     

    2. Hire an agent. This is a big decision, so don’t take it lightly. You want someone to be your advocate and negotiate for you. They can inform you of local issues like schools, zoning, neighborhoods, and taxes. Because sellers will almost always pay the buyer’s agent fee, you really can’t go wrong hiring one.

     

    3. Find the home you want. Never underestimate this step in the process. Buying a home is a huge decision, and you definitely don’t want to move to a place in which you don’t actually want to live. Make sure it’s the right neighborhood for you, and be sure that the house meets all your requirements. Consider your storage and living space needs. Will you want a big family? Do you already have a lot of stuff that needs to be stored? How much privacy from your neighbors would you prefer? All of these questions need to be addressed before you commit to a sale.

     

    Once you’ve made your decision to move to Portland, start your search for the perfect home. Hiring a real estate agent can help you every step of the way, and they will act on your behalf to get you the most for your money and keep you protected from scams.

     

    What do you find most attractive about living in Portland, OR?

     

    Do you have a piece of property (house, lot, or land) you’d like to sell fast?  Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property. https://patient-liger-dev.10web.site/

     

  • How to Sell a Home Quickly: Realtor vs. FSBO?

    If you’re looking to sell your home or property, you essentially have two options: Realtor, and FSBO (For Sale By Owner). Both have their advantages and disadvantages, so it’s important to do your research and get to know your options before you decide.

     

    This article will help explain the differences between the two so you can make an informed decision before proceeding with the listing. Here are some things to consider:

     

    1. Paperwork. As you probably already know, there is usually a lot of paperwork involved in any big financial transaction. Real estate is no different. Both you and the buyer can lose time and money if something is done incorrectly. Some people are very detail-oriented and may even have a background in realty or law, so this won’t pose too much of a problem for them should they decide to sell their home on their own. Others, however, could greatly benefit from a real estate agent with the know-how to help them wade through the tedium.

     

    2. Legal issues. The law can often be a confusing maze of jargon and mumbo-jumbo to the uninitiated. If you don’t have a background in real estate law, you will probably be unaware of certain clauses and actions that can be taken by both the seller and the buyer. Real estate agents are handy in this situation because they are specifically trained to deal with those issues, so if you’re planning on selling your home on your own, make sure to do your homework and bone-up on the legal issues.

     

    3. Marketing. As we’ve discussed before, finding the correct price for your home in your housing market can be a difficult task. But pricing is only one aspect of marketing your home for sale. You also need to present your sale to potential buyers. Posting ads and putting up signs help, but it’s not enough. Real estate agents do all of this for a living. They know how to reach buyers and how to sell effectively.

     

    There are pros and cons to each method of selling. Real estate agents sell homes and properties for a living, meaning they are well-equipped and highly prepared to sell your home quickly. FSBO, on the other hand, can end up saving you tens of thousands of dollars in realtor fees. Whatever your decision, make sure you know what you’re getting into before you jump in.

     

    But how about you? Would you rather sell your home on your own, or go through an agent?

     

    Do you have a piece of property (house, lot, or land) you’d like to sell fast?  Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property. https://patient-liger-dev.10web.site/

     

  • Do You Have Land-Buying Know-How?

    There are few things trickier in real estate than becoming a real estate investor by buying land.  When you buy land you can be poised to make a lot of cash, but if you aren’t careful, you can also stand to lose a lot. So how can you know if you have land-buying know-how? Ask yourself these questions:

     

    • Are you 100% committed to buying an empty lot?  Empty lots can be harder to sell in the future, so if you aren’t committed, you should think twice before jumping in.
    • Are you prepared to pay more up front? Empty lots can sometimes cost more up front because lenders are afraid they won’t make their money back.
    • Have you talked to zoning officials?  When you buy land or buy lots that are undeveloped there are different rules and regulations. Make sure you understand them!
    • What about mineral rights? Depending on the type of property this may or may not be an issue, but if a previous owner has mineral rights to your land you could be in trouble in the future.

    Whether you choose to buy land or buy lot space somewhere you can be successful—just as long as you are savvy about the property before the purchase.

    Do you have a piece of property (house, lot, or land) you’d like to sell fast?  Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.