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PORTLAND
OREGON
REAL ESTATE
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| SELLERS
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Learn About Selling Portland HomesPortland has special regulations
Every area has its own building regulations. You need to know how these restrictions will affect the design of your Portland home. Issues to consider include zoning, setbacks, rights of way and easements. Most subdivisions have CC&Rs (Covenants, Codes and Restrictions). Studies of Portland demonstrate that these carefully to make sure they are not too restrictive for your needs or create excessive building costs.
Negotiating the Sale of Your Portland Home.
Some say that the “Devil is in the Details” and these last two steps are full of details as buyers make offers contingent upon certain conditions being met by the seller and sellers make counter offers in the process of closing your Portland home. Once there is agreement, however, many details still remain in order to finalize the sale.
Portland Real Estate Cycles
During a slow economic time, fewer people are buying homes in the Portland market. Even so, some homeowners find themselves in a situation where they must sell. Families grow beyond the capacity of the home, employees get relocated, and some may even find themselves unable to make their mortgage payment - perhaps because of a layoff in the family.
During sellers' markets, Portland real estate sells quickly and sellers have a lot of pricing power. As a result, prices rise more rapidly than at other times. During buyers' markets, Portland real estate may sit on the market for a while before selling, so sellers become more flexible and may even drop their prices.
Portland Real Estate Title Insurance
Buyers in the Portland market can be tempted to save money by foregoing a title search but the risks are heavy because title problems are many and varied. Some typical problems that title searches have uncovered include a second mortgage on a home that does not appear to have been paid off. The sellers borrowed money years ago from a parent who insisted that a second mortgage be recorded. The loan was repaid but the title wasn’t cleared. Another typical Portland problem occurs when an owner had work done on the property but for one reason or another failed to pay the contractor in full. The contractor filed a mechanic’s lien on the property and it has never been removed. These are liens on the property and if you take title to a property without clearing these liens or encumbrances, you may be responsible them.
Green Remodeling Your Portland
If you are planning to remodel your Portland, keep home resale in mind and consider going green. Green remodeling is becoming more popular as homeowners consider health issues, skyrocketing energy costs and Earth’s natural resources. And, when it comes time to sell your home, your energy efficient and Earth saving remodeling may help you sell your Portland quickly and for top dollar.
Portland INVESTMENT
Investing in Portland as a second home or as a rental has many advantages. But before you invest, it is a good idea to acquaint yourself with the actual sales price of similar properties and to get a picture of the Portland market in general. Please contact this office for detailed information on Portland market
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