The signs are all there . . sunshine, chirping birds, blossoms, open house signs on every corner and Realtors are busy, busy, busy. Spring is in the air. Are you ready?
No one knows for sure, if we’ve hit the bottom for home prices, but there are deals to be had for those that have done their homework and are ready to pounce. Multiple offers on Bank Owned properties is becoming common. Well-priced homes in fantastic condition and locations too.
There is pent up demand from buyers and sellers who are tired of placing their plans on hold and reacting to the media crossfire we have all been subject to over the past year. Keep in mind that whether you are a buyer or a seller you will need the skills of an experienced Realtor more than ever to help succeed with your plan in this ever changing market. Once you have contacted a Realtor you can start by asking her for a referral to a couple of Lenders to help you calculate your budget, discuss loan options, determine which mortgage is right for you and preparing a Good Faith Estimate of all the costs associated with purchasing your new home.
Next you need to start thinking about your ideal home – what are the characteristics and location. Think about the neighborhoods where you would like to live and start looking at the homes for sale in these areas. In addition to a great search site at http://www.relocatetopdx.com/ Linda Heinrichs provides a free application that can be downloaded to your phone just text pdxrelo to 87778. There are a number of ways to search, but if you are driving around it will automatically map the homes for sale around your location – very cool when you find an area you would love to live. It will also help you to discern prices for the different neighborhoods. You may love to live there, but your budget does not match up with the selling prices.
Buying a home is a fair amount of work, but the return on investment from a financial and fulfillment standpoint is huge. I have all the tools to smooth the way - call me today. Home is where the heart is . . . Are you ready?
Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts
Sunday, March 14, 2010
Monday, February 22, 2010
What Do You Think About Obscene Bank Profits
I don't know about you, but each time I read about giant bonuses and huge profit margins due to the generosity of our government I seethe as a person and professional. This LA Times article exposes yet another bail out windfall - http://www.latimes.com/business/la-fi-onewest20-2010feb20,0,880625.story
It has been a tough year all the way around. I don't want to begrudge anyone a profit. Even a big profit. But according to one You Tube site the FDIC offered a sweet deal to OneWest Bank which covers investor losses over $2.5 billion. The FDIC adamantly defends their position and the agreement with OneWest. http://budurl.com/p8g6
The real answer is probably somewhere in between, but I do know from my little microcosm of the real estate world here in Portland Oregon, there are real people hurting. Sellers that have lost jobs and are losing their homes. Lenders ignore pleas to modify loans and then sell the loan to another service provider for a fraction of the cost, creating confusion and chaos for the seller to try and redirect their efforts. All without a change in looming foreclosure timelines. The bank doesn’t miss a beat.
And what do you think about the special bailout of 5 states announced by the White House? Again, personally and professionally I look at Arizona, California, Florida and Nevada and think about how many investors and speculators bought rows and rows of homes in these communities that allowed unbridled building. Michigan has its own set of issues so we will leave them alone. Now we are setting up a special fund because they have been so hard hit. How can this be that our government is willing to create and additional $1.5 billion bailout for the people that took higher than normal risks. Many of these same risk takers also received higher than normal rewards before the fallout occurred. Is there anyone out there that thinks this is wrong?
Slowly we are gaining ground by doing the right things. It is a fragile perch that could topple again with the above kinds of actions. Maybe it is time to get involved and demand your representatives be held accountable for their special interest actions. I am not a political person, but I am rapidly approaching the “Mad as Hell” mode with the nonsense going on. It is hard to focus on my true passion of helping people make a move to or from a home to the next phase of their lives with all this extraneous stuff going on.
What’s on your mind? For service with integrity, passion, hard work and client focused services, call Linda Heinrichs today www.portlandmetrohomesforsale.com
It has been a tough year all the way around. I don't want to begrudge anyone a profit. Even a big profit. But according to one You Tube site the FDIC offered a sweet deal to OneWest Bank which covers investor losses over $2.5 billion. The FDIC adamantly defends their position and the agreement with OneWest. http://budurl.com/p8g6
The real answer is probably somewhere in between, but I do know from my little microcosm of the real estate world here in Portland Oregon, there are real people hurting. Sellers that have lost jobs and are losing their homes. Lenders ignore pleas to modify loans and then sell the loan to another service provider for a fraction of the cost, creating confusion and chaos for the seller to try and redirect their efforts. All without a change in looming foreclosure timelines. The bank doesn’t miss a beat.
And what do you think about the special bailout of 5 states announced by the White House? Again, personally and professionally I look at Arizona, California, Florida and Nevada and think about how many investors and speculators bought rows and rows of homes in these communities that allowed unbridled building. Michigan has its own set of issues so we will leave them alone. Now we are setting up a special fund because they have been so hard hit. How can this be that our government is willing to create and additional $1.5 billion bailout for the people that took higher than normal risks. Many of these same risk takers also received higher than normal rewards before the fallout occurred. Is there anyone out there that thinks this is wrong?
Slowly we are gaining ground by doing the right things. It is a fragile perch that could topple again with the above kinds of actions. Maybe it is time to get involved and demand your representatives be held accountable for their special interest actions. I am not a political person, but I am rapidly approaching the “Mad as Hell” mode with the nonsense going on. It is hard to focus on my true passion of helping people make a move to or from a home to the next phase of their lives with all this extraneous stuff going on.
What’s on your mind? For service with integrity, passion, hard work and client focused services, call Linda Heinrichs today www.portlandmetrohomesforsale.com
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