Listed and Sold in one night
Filed Under Blog, Portland · Tagged: buying a home, Portland Realtor, Real estate, Real estate broker/agent, Relocation, sold, Vancouver Realtor, Vancouver Washington Homes
We listed a house last night and sold it last night. Not even enough time for a sign!
Vancouver Home Purchase tips
Filed Under Vancouver · Tagged: buying a home, Relocation, Vancouver Realtor, Vancouver Washington Homes
1. What is up for negotiation?
2. If repairs are needed what will be the costs?
3. What will be the closing costs?
4. Are there other offers?
5. How long has the property been on the market? (Comparing other comparable properties in the same neighborhood) .
Inspections
Filed Under Blog · Tagged: buying a home, Portland Homes, Portland Realtor, Relocation, Vancouver Realtor
I am often asked what a lender inspection is. It means that the company providing the mortgage (Bank, or lender) will send someone to look at the property you are going to purchase or refinance. They do this to be sure that the property is worth the amount of the proposed loan. There are many factors involved in determining the value. This is called an appraisal.
House or Condo: Which is a better Investment
Filed Under Blog · Tagged: buying a home, Portland Homes, Portland Realtor, Relocation, Vancouver Realtor, Vancouver Washington Homes
Get the question as to whether a house or a condo would be a better investment.
The answer depends on what is meant by ‘investment’. Do you mean a place that you will live in while it appreciates in value? If so, a house in a decent neighborhood, that is properly maintained, will appreciate better than a condo. But if you mean a place that you will rent out to a tenant, then the answer is not quite so clear.
Much depends upon the location. There are plenty of tenants who want to be close to public transportation, or schools, or a certain college, etc., so if you could find a resale condo for the right price, that would leave you with a positive cash flow after all the costs are considered, then this would be the best choice. Real estate appreciates because of improvements, neighborhood conditions, supply and demand. These things will all affect all types of residential real estate. The best thing is to work with a Vancouver/Portland Realtor in the area you are interested in because that real estate professional knows the area better than anyone.
Small Home Financing
Filed Under Blog · Tagged: buying a home, Portland Homes, Relocation
Many people do not know where to go to find out about FHA Home Financing and if they can qualify for an FHA loan.
The best thing to do is to call banks in your area and ask for the mortgage officer. Ask that person if they handle FHA – most banks do, but some don’t. In this case you might have to do some homework. FHA loans have the advantage of requiring only 3.5% as a down payment, which means less cash out of your pocket (a conventional non-FHA loan would require 20% or so down. The disadvantage is that you have to pay FHA an insurance premium for the loan guarantee, which means that .your closing costs are higher, but usually not enough to offset the much lower down payment.
