Buyers Agent Portland - YOUR Exclusive Buyers Agent

Credit Suisse Monthly Survey of Real Estate Agents April 2012 Results

This just in!  And for the first time in months and months (and months) I'm seeing some THUMBS UP!! across the board

As many of you know, I love this report because it's an overview of the current, local markets.  It's not that detailed and I scroll through looking at the "thumbs up," "thumbs down," or the sideways.

It seems as though, in many markets, there are some good upticks now.

The overview of the Portland Oregon Market is on Page 37.  Buyer Traffic is reported as up, with home prices and incentives staying neutral.

 

Credit Suisse Monthly Survey of Real Estate Agents April 2012

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

3 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 15 2012 01:33PM

Portland Real Estate Questions: What is an "AS IS" Provision?

Portland Real Estate Questions: What is an "AS IS" Provision?

The AS IS provision (or clause) is typically found in most real estate purchase contracts.

" 'As Is' denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item "with all faults", whether or not immediately apparent. This is the classic buyer beware situation, where the careful buyer should take the time to examine the item before accepting it, or obtain expert advice." ~~ Wikipedia

With our local standards of practice*, the AS IS provision is clearly written in the Sales Agreement we prepare on behalf of our buyer clients.

It reads:

"AS-IS": Except for Sellers' express written agreement and written representations contained herein, and seller's Property disclosures, if any, Buyer is purchasing the Property "AS-IS," in its present condition and with all defects apparent or not apparent."

The AS IS provision DOES NOT negate the rights of the buyers to have the property inspected.  Repair requests can be negotiated with the sellers, even with an AS IS clause --  but that's another topic for another post.

The AS IS provision DOES negate the buyers from making claims of them not knowing they are buying a property AS IS.

The AS IS topic came up recently when a buyer emailed me the following:  "This seems to be a bad faith negotiation, in my opinion, constituting an "as is" stipulation without making that clear at the onset."

Hmmmmmmm . . . it was.

When the offer (Sales Agreement) is written, it takes over an hour for me to discuss the contents of the contract with buyers.  I go over each important topic and what each provision means. 

The AS IS clause is always discussed in detail. 

Please pay attention.

 

*Please consult with a Realtor® in your area for local standards of practice. 

This post is an entry in the FAQ Break Into Summer Organized challenge.

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

7 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 14 2012 12:35PM

Researching the Market . . . Putting My Thinking Cap On Saved The Deal

Researching the Market . . . Putting My Thinking Cap On Saved The Deal

Background:  My clients were first time buyers.  Very, very skittish first time buyers.  Not sure if I can explain it, but I was their second agent, if that says anything.

The buyers wanted to be in a very specific location.  The area is lovely and the current market heated up to a boiling point in a matter of a month.  From sluggish sales to pending offers in less then two weeks' time, properties were flying off the shelf.

Within a reasonable amount of time, the buyers found a home they wanted to pursue.  We wrote an offer which was accepted.

The Problem:  During negotiations, there was a $2,000 "sticking point" with the offer.  What the buyers wanted to offer and what the sellers wanted to accept = $2,000

Neither side would budge, so the offer was not mutually accepted.

The buyers wanted to continue house-hunting. Unfortunately there was . . .  

NO INVENTORY 

We had exhausted the current market.  We had already previewed what they liked and ruled out what they didn't.  Nothing new was hitting the market.

The buyers were FIXATED on the PRICE and they were going to BLOW IT over $2,000

My Concerns:  As much as I tried to tell the buyers that the inventory was slim to none, the $2,000 sticking point wouldn't be the least of their concerns if the market continued. 

With low inventory in a high-demand area with active buyers, list prices concerned me.  Home prices were prone to rise.

It would be easy for these buyers to see $5,000 or more in future list prices, less seller concessions, multiple-bids . . . should anything suitable come up on the market.  They were cutting their nose to spite their face over $2,000 . . . or, literally less then $20 a month based on their PITI.

The Solution: 

I began to think like the buyer.  She wasn't a good negotiator. . . but she was analytical.  She even suffered with that dreaded first-time buyer malady:  Analysis Paralysis.

What I did was research the market.  I documented for her, in a very thorough market report, what she needed to be focusing on . . . buying that home!  I talked to her over 2 days, sending her the PENDING sales -- there were 27 properties that went pending quickly.  I showed her what to look for in the listing sheet -- the DOMs (days on the market), and asked her if she wanted to WAIT 30 days to see what the properties were closing out at, she'd be running the risk of higher list prices, I showed her the mortgage calculator I have on my WP Blog and told her to play around with it.  $2,000 over a 30 year amortized mortgage would equate to less the $20 for them per month . . . as clear as the nose on her face, which she seemed to be spiting.

Was she willing to wait?  Was she willing to lose the house she really wanted to buy?  Thinking like my client and showing her a very, very analytical detail of that very small market -- even more thorough then a CMA / comp -- I got her to see that she might be spending even more money if . . . IF . . . a suitable property hit that very, very limited market.

The Outcome:  A second offer was written, submitted, negotiated and CLOSED. 

First time buyers are now homeowners and very happy with their purchase.  Not only do they love their new home, but they realize it was purchased at a fair price.

 

This post was written as an entry for the ActiveRain Contest: Creative Solutions That Saved The Deal

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

10 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 13 2012 05:25PM

A call gone bad

I have had my "three strikes you're out" callers too.  I'm not sure why people think the information found on the Internet would make them any more knowledgeable, savvy, and/or experienced with all things real estate.

 

Via Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Long and Foster® Real Estate, Inc.):

AngrySometimes, an initial contact with a new customer doesn’t go quite well and I have to decide quickly whether it can be saved, or whether it’s best to just move on. Like most of you, I don’t celebrate losing a possible client. There are many reasons not to be able to work with a new customer. Their lack of financing is usually at the top of the list, but lack of respect for me, or what I do is right up there too.

Mr. X called while I was on the phone Friday and left a message to call him back. He was interested in seeing a rental that was on my IDX feed on my website. I suspect that he thought I was the listing agent, even though the IDX feed is absolutely compliant in identifying the listing company.

The first thing he said was, “it took you 15 minutes to call back, I’m not used to waiting.” Huh, what was that all about. In my book, 15 minutes is pretty darn good service. I filed that one away and didn’t even respond. He then went on to say that he wanted to see a rental at 10:45 on Saturday. I mentioned that I’ll make an appointment for between 10:30 - 11:30. Strike two for him came when he then said, “if you don’t show up at 10:45, you’re not getting paid.” I didn’t even know what the heck that meant but strike three was just a sentence away. “I’ve got my whole day planned out and all I need you Realtors to do is open the doors. Everything is on the internet, so the only thing I need from you is your Realtor key.”

This Realtor is not just a “door opener,” and this Realtor can only put up with so much abuse before he moves on. Mr. X actually seemed taken aback when I told him that I would not be showing him the rental. I do feel kind of bad for the other agents he’s duped into “opening doors though.”

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 Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).

SKYPE ME: RichSellsHomes

 
©2011 - RichSellsHomes.com - All Rights Reserved
 
All information is deemed reliable but should be independently verified. Property information is subject to change without notice.

 

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

4 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 13 2012 12:37PM

One Sensie and Three Grasshoppers

One of the nicest things about being a part of the ActiveRain community is the ability to get /seek help and the ability to give / offer help.

I can't count the number of times I've gotten help -- either directly or indirectly -- from ActiveRain.  I'll read a post and learn something new, or I'll see something I want to know more about (how'd they embed that YouTube into their post?) and asked!

Thanks to Dick Greenberg's challenge, Sensei/Grasshopper -- An April Challenge which is coming to a finale (sorry, if you missed that boat).

The challenge allowed me to offer help to other members in our ActiveRain community.

I was contacted by three people who wanted to know about something or the other . . . and I couldn't say NO. 

My Sweet Grasshoppers:

GrasshopperNancy Lamb with RE/MAX Sun Properties

Nancy is a newer member of ActiveRain, joining in August 2011.  Nancy wanted help with localism posts.  She posts her listings but wanted to round out localism.  I helped her with some basic SEO tips and tricks for localism posts.  I also suggested she make use of her localism post and dove-tail it with another ActiveRain Challenge: The Pet Project, which she did.  This is Nancy's localism post Lost Our Pet Foundation in Phoenix AZ Grand Opening. 

If you Google the search terms "lost our home pet foundation phoenix" you will notice that Nancy's ActiveRain post is first page Google!!

 

Evelyn Kennedy with Gallagher & Lindsey

Evelyn is a very active blogger, and is closing in on 330,000 points.  Evelyn and I started out chatting about her localism posts, but she has such a good handle on them we moved on.  Our conversation headed in the direction of her website.  Evelyn is thinking about getting a WP blog going.  We talked about that and I showed her all about Google Ad Words.  She was very interested in developing her presence utiliziing her SRES designation and wanted to find words that would boost her SEO.  I showed her how Ad Words helps to find search terms and she was thrilled to learn that. 

My memory is shot, apparantly, because I forget what we found in Google Ad Words which seemed to be available as a GREAT domain name for her WP site.  We both couldn't believe the find. 

Debi McKamie Connective Realty, LLC

 

Debi McKamie with Connective Realty, LLC

Debi McKamie is, also, a relatively new member to ActiveRain.  I love talking with folks from the South . . . they say 'ya'll' and have a wonderful accent.  Debi's was so pleasant to talk with and she wanted to know more about SEO, the how to's.

I showed Debi how to add Google maps to her posts, how to embed video and add pictures, a lttle formatting and linking.  We went over a few of her posts and I was able to show her how to link, blog with content, add the maps, the links to open in other windows, and how to beef up a blog post with content.

In all three mentoring sessons I used www.Join.me a wonderful screen sharing program.  VERY easy to use and a great tool for showing, sharing and mentoring!

THANK YOU SO MUCH for the opporunity. 

I LOVE Grasshoppers!!

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

11 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 12 2012 02:51PM

A Physician Loan: PERFECT for a Medical Doctor Buying in Portland

Physician Loan Portland Medical DoctorMedical Doctors Looking for a Physician Loan

We all know that becoming a medical doctor took a lot of time and hard work and cha'ching . . . money!  Most mortgage lenders will look at those . . . oh, gosh . . . I hate to say the dirty word -- student loans -- when qualifying a borrower.

If you're a medical doctor looking to purchase a home in the Portland Metro area the best option is a Physician Loan.

What is a Physician Loan and How Does it Help a Medical Doctor?

A Physician Loan is designed specifically to allow medical doctors to apply for a home loan but more importantly -- obtain pre-approval.

Do All Lenders Underwrite a Physician Loan?

In a word: NO

But not to worry. If you're a medical doctor in the Portland area I've got a wonderful diagnosis recommendation to cure any mortgage loan symptom. Not only will your Physician Loan be the best cure, the folks at KeyBank have the perfect prescription for your Physician Loan.

Key Private Bank and KeyBank Mortgage® have designed a loan program using specialized mortgage underwriting guidelines tailored to the financial needs of medical doctors.

  • Loans up to $1 Million
  • No PMI (private mortgage insurance)
  • Maximum 90% L-T-V (loan to value)

There are other options designed to assist medical doctors with a Physician Loan of up to $3.5 Million through KeyBank's GoldKey program.

Take Two Loan Apps . . . and Call Me in the Morning

If you're a medical doctor in the Portland area and are interested in buying a home, the first step is to get your Physician Loan in place.

No better person to talk to about that then: Cristina B. Stanek, Relationship Manager with KeyBank.

For more information, give Cristina Stanek a call at: 503.243.3677

"When a medical doctor is fresh out of school with loan debt, they may want to know what they can afford to purchase based on their new income. Conventional lending may have them into high interest rates and they may hit brick walls where they're unable to qualify for a loan to purchase a home they deserve. That's where our Physician Loan program comes in . . . for that 'grey area.' " ~~ Cristina Stanek, KeyBank Relationship Manager

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

20 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 12 2012 01:09PM

The 3 Constants in Real Estate: Condition, Location and Price

This post was inspired by Richard Weisser's recent feature "That's Exactly the House I Want At the Price I Want But ..."

In Richard's article, the buyers found a home with the price they want to pay.  Only thing is, it's not in the right location, location, location for them.  Richard explains WHY the home is priced as such: it's only got location (maybe . . .  location, location).

And now for the flip side of that coin -- Buyers find a home in a PRISTINE NEIGHBORHOOD . . . but the condition of the property is not. 

In both situations, the common denominator is:  PRICE

  • When  the property has the location, location, location but condition is an issue. . . the price should reflect this!

Location - Condition = A good deal

Why?

Because, as any intelligent person will know . . . you CAN NOT do a thing about where the property is located.   But, a Buyer CAN do something about condition.

If the property is PRICED correctly for the condition AND it has location, location, location . . . buy it!

When Buyers have a toss up: 

  • A property in pristine condition but a location that feels like compromise to them

OR . . .

  • A great area but the house has some maintenance needs and/or updates

. . . buyers should consider buying location.  Location is a key factor in real estate because location DOES have value 

When Buying realistically and with long-term plans . . . you buy location!

You can FIX conditions.  You can NOT FIX location! 

 

 

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

24 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 10 2012 10:04AM

2012 Real Estate Market Trends Portland Metro 1st Quarter

Portland Real Estate Market Trends - 1st Quarter Market Report

The graph to the right shows the entire Portland Metro Real Estate Market in review.

This 2012 Portland real estate report shows the 1st quarter Portland real estate market with New Listings and Sales in the following categories:

  • Non-Distressed
  • Short Sales
  • Bank Owned

What is a Non-Distressed Listing / Sale?

The term "non-distressed" typically means that a home for sale in the Portland area real estate market has owners who are not in a position that would require they list / sell their property in a short sale and the property is not bank owned, i.e., a foreclosed property.

1st Quarter Portland Real Estate Market : Listings

With the majority of new listings in the Portland real estate market over 71% are non-distressed properties. This would indicate that many owners are looking at the current Portland real estate market as a time to sell. With short sale listing comprised of 15% of the Portland Metro 1st Quarter real estate market, this is a good thing!

The total number of real estate listings in the Portland real estate market in 1st Quarter 2012 is 14,564. This equates to the following numbers:

  • Non-Distressed - 10,370 properties listed
  • Short Sales - 2,185 properties listed
  • Bank Owned - 2,024 properties listed

1st Quarter Portland Real Estate Market : Sales

The total number of real estate sold in the Portland real estate market in 1st Quarter 2012 is 7,621. This equates to the following numbers:

  • Non-Distressed - 4,656 properties sold
  • Short Sales - 990 properties sold
  • Bank Owned - 1,974 properties sold

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

3 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 09 2012 05:19PM

A LISTING AGENT'S $$$$ DOLLAR MISTAKE

This post is by ActiveRain colleague Paula McDonald.  An interesting read.

Our Buyer's Repair Addendum is a little more tighter then what they must use . . . or, not use . . . in many areas. 

When I first started practicing real estate, there was no Buyer's Repair Addendum available.  I remember preparing them on behalf of my clients including the provisions that all work requiring a licensed contractor (HVAC, Plumber, Electrician . . . ) must be done by a licensed contractor (licensed, bonded and insured in the State of Oegon). 

This re-blog has two points:

1)  As en Exclusive Buyers Agent, I would never EVER allow the listing agent to make and/or pay for repairs on behalf of their client . . . unless they actually want to be liable, as the listing agent in Paula's story was!

2)  Sometimes my clients wonder why I do not -- repeat DO NOT -- get involved in some matters.  For example, if there is something that is OUTSIDE of my representation, I will suggest that my clients call/contact themselves. 

I will communicate with:  the listing agent. the lender. the escrow officer, the home inspector, sometimes the appraiser . . .

But, I am not going to hire folks on behalf of my clients.  I will refer them to: lenders, home inspectors, other vendors as needed.  But, I'm not going hire anyone on behalf of my clients.  I won't even make the call to the inspector to set it up.  The buyers need to do that, based not only on their schedule (hopefully setting up a time convenient to them), but because they are hiring the inspector, I am not.

 

Via Paula McDonald, The Woodlands, TX ~ 936-203-0279 (Chevaux Group, PLLC):

A LISTING AGENT'S $$$$ DOLLAR MISTAKE

A few months ago I posted about a transaction that I was working on called "An Expensive Mistake".  The listing agent on the home my buyer purchased took care of the home repairs for the Sellers.  This agent hired the contractors personally and paid them out of their own pocket.  The invoices were made to this agent.

A long story short, the listing agent useWiresd non-licensed handy men to repair several electrical issues.  The Buyers were not pleased.  The buyers insisted that these electrical issues be repaired by a licensed contractor of which was arranged.  Shortly after moving in and commencing to use the range and vent hood (one of the items repaired), an electrical fire broke out.  Luckily they were able to put the fire out. 

The fire department discovered that hidden behind the vent hood were several EXPOSED wires which caused the fire!  Their comment was that someone tried to splice them together.  Because this botched job was hidden, it would not have been discovered until disaster struck!

The email threads were copied, the invoices copied and off I went to visit the Listing Agent's Broker.  I was very pleased with the way the listing broker handled this.  Once they saw the emails, the invoices made out to the agent, they knew who was at fault and assured me that this agent would be paying to correct this issue and pay for any damages.

The vent hood now must be completely replaced and is one of those high-end vent hoods.  The entire ordeal will cost this agent thousands of dollars which could have been completely avoided by the listing agent doing things very differently.  Always have the Seller's arrange and pay the sub-contractors. 

 

Buyer's, you should INSIST on licensed contractors to do repairs such as electrical, plumbing or other mechanical or structural repairs!  This incident could have ended in disaster!  It is never worth it to skimp on quality!

An expensive lesson learned! 

Paula McDonald

Paula L. McDonald ~ REALTOR®

Broker ~ Managing Principal

Chevaux Group

        9595 Six Pines Drive, Suite 8210 ~ The Woodlands, TX  77380 ~ 936-203-0279

Selling The Woodlands real estate and surrounding areas!

Paula@ChevauxGroup.com

South Montgomery County Chamber

 

Copyright 2011 Paula Hamilton~McDonald

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

All rights reserved ©

5 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 08 2012 11:36AM

Beaverton Real Estate Market . . . What's Trending in Beaverton

What's Going on Beaverton -- 4 Month Real Estate Market Report

The new year stated out with an adsorption rate for Beaverton real estate of 7.0 months of inventory. In just four months it decreased substantially and dramatically.

Beaverton Real Estate Market Report

April 2012

Market Report

BEAVERTON

 

April

2012

 

March

2012

 

Feb

2012

 

Jan

2012

 

Y-T-D
           

New Listings

172

160

132

169

633

Pending Sales

158

144

96

116

514

Closed Sales

100

120

100

82

402

Average DOM

85

79

50

79

--

Average Sales Price

$249,668

$227,304

$227,542

$243,558

--

Months of Inventory*

4,0

5.0

6.5

7.0

--

* Entire Portand Metro Area

        

The above chart shows the average price of Beaverton real estate for the four months. The Beaverton real estate used for this market report is based on "DETACHED" properties -- excluding condos/attached homes/townhomes. I used short sales and foreclosed properties in Beaverton.

 

My Advice To Buyer Looking at Beaverton Real Estate

With interest rates still low it's not the end of the world. If you are looking to buy a home just now that at this point in time the inventory is low and buyers are out looking at Beaverton Real Estate. If you're serious about buying Beaverton real estateyou will need to be prepared:

  • Find a great, hardworking real estate agent
  • Have your pre-approval in place, current and know what you can comfortable afford to purchase
  • Be diligent
  • Listen to your buyers agent's advice and counsel
  • Don't go it alone
  • Get an agent who represent buyers and understand they bring knowledge, experience and dedication to the table

Beaverton Real Estate for Sale

Here are a few nice Beaverton real estate properties:

 

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com		          

BuyersAgentPortland.com

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7 comments • Carla Muss-Jacobs - Exclusive Buyers Agent Portland | Portland Real Estate | • May 05 2012 02:03PM