SG29: Qualified Buyer looking for Multi Family Properties. 2, 3 and 4 Unit Properties


Oregon Real Estate Wanted

SG_Logo_150x150

 

Listed on this page is an outline of what a buyer Fred Stewart of Stewart Group Realty is working with is looking for.  If you own or have listed a property you feel will be of interest to this buyer.  Please contact Fred Stewart  and let him know.

Status:   Active

Buyer SG29

Price:    $300,000 or less

Type:     Single  Family Properties , Duplexes, 3 Plexes, and 4 Plexes
Size        N/A
Bed:        N/A
Bath:       N/A
Lot Size:  Will depend on property
Style:       Open

Financing:  Buyer has been Pre-Qualified by Paul Matilla of Cascade Northern Mortgage, Seller Carry Options (Land Sales Contract and Personal Deed of Trust).  

 

Location(s):  

Portland Metro Area.  Prefer close in east and west side of Portland but will consider opportunities in other areas.  Multnomah, Washington, and Clackamas Counties.  Portland, Gresham, Beaverton, Tigard, Troutdale, Oregon City, Milwaukie, Happy Valley, and Estacada, 

Investor is…

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Rates on New Home Loans: Still Rising


Eye on Housing

In September, interest rates on conventional mortgages used to purchase newly built homes increased for the fourth month in a row, according to data released today by the Federal Housing Finance Agency (FHFA).

During the month, the average contract interest rate increased by 10 basis points to 4.30 percent, while initial fees increased to 1.14 percent (from an average of 1.06 percent the previous month).  The combination drove FHFA’s key measure of the average effective interest rate on new home loans (which amortizes the initial fees and incorporates them into the rate) up by 11 basis points to 4.44 percent—the highest it’s been since July of 2011 (the month prior to a substantial 36 basis point drop).

Eff Rate Sep13The FHFA release also includes data on loan size and house prices, and the averages on both for newly built homes declined in September.  The average price of a new home purchased with a conventional…

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Salem, Oregon Metro Home Price Update


Willamette Valley Homes & Real Estate

A new report on greater Salem area home values is now available. Covering much of the mid-Willamette Valley, it shows a dip in prices and an increase in properties for sale.

The above RMLS graph documents the recent downturn in Salem area home prices. This correlates with a roughly 25% increase in housing inventory in the second chart below.

Inventory Jump Explains Latest Price Drop
The easiest explanation for the recent price drop is a jump in home inventory. As a larger number of sellers compete for buyers, downward pressure is placed on home prices. The good news is that even with a recent decline in home values, our market is still up for the year. The average sales price for the first nine months of the year is $188,300, up 10.6% from the same time in 2012.

The new report covers Marion and Polk Counties, with specific information on…

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New Index Shows Housing Markets Back to Normal in 52 Metros


Eye on Housing

Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the new National Association of Home Builders/First American Leading Markets Index (LMI).

The index’s nationwide score of .85 indicates that, based on permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity.

LMI 102013

Baton Rouge, La., tops the list of major metros on the LMI, with a score of 1.41 – or 41 percent better than its last normal market level. Other major metros at the top of the list include Honolulu, Oklahoma City, Austin and Houston, Texas, as well as Harrisburg, Pa. – all of whose LMI scores indicate that their housing markets now exceed previous norms.

Looking at smaller metros, both Odessa and Midland, Texas, boast LMI scores of 2.0 or better, meaning that their housing markets…

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4 Tips On Giving Your Mudroom A Makeover, by Steph Noble, Northwest Mortgage Group


4_Tips_On_Giving_Your_Mudroom_A_Makeover

From crunched-up leaves stuck to bottoms of shoes to bulky coats shed as soon as kids walk through the door, mudrooms are ideal for keeping outdoor dirt, wet clothing and outerwear from being strewn throughout your home.

Mudrooms not only keep the rest of your house clean, but they also designate a spot for those last-minute grabs, such as coats, umbrellas and purses, when you’re running out the door.

These rooms are great catchalls. However, an organized mudroom can make your life and those hectic mornings much less stressful. Below are smart tips for getting your mudroom ready this fall.

1. Put In Seating

After shedding outer layers, the next thing anyone wants to do after coming inside on a cold, wet day is to take off their mucky shoes. So make sure there is a built-in bench or convenient chair for people to sit down and tend to their tootsies. Whether taking off or putting on shoes, it makes life a little more comfortable.

2. Install A Sink

A mudroom is supposed to be the catchall for everything dirty from the outdoors. With this in mind, a sink for washing off the grime and mud makes sense. Then you can clean your clothing in the contained space without having to haul them to the kitchen sink or laundry room.

3. Create Cubbies

Even though this space is designated as a drop-off point before entering the main living space, you don’t want everything just thrown into one big confusing pile. Create individual cubbies for every person in your household. Each cubby should contain a shelf for purses and backpacks, hooks for coats and a low place for shoes.

4. Splurge On A Boot Warmer

While electric boot warmers can be a little expensive, you will definitely think it’s worth the money when it’s freezing outside and your shoes are damp. Electric boot warmers heat your shoes on pegs and dry them out at the same time. They also work well on gloves.

Fall is a mudroom’s busy season; so get it in shape with the tips above. With all the coats hanging on their hooks, shoes in their cubbies and dirt contained to this designated space, your life will be a little more organized and much less stressful!

 

 

 

Steph Noble
Northwest Mortgage Group
(503) 528-9800
http://www.stephnoble.com
http://www.nwmortgagegoup.com

 

 

First Time Homebuyer’s Guide: How Much Do You Need to Save?


Down Payment

When I was young I never gave much thought to living in a house.  Did you?

It was a given.  It was all I’d ever known.  I had always lived in a home and so did everyone else I knew.

My, how perspective changes when suddenly you’re the one thinking about buying a home!  

Here are some of the questions that I had prior to becoming a Realtor and witnessing the process first hand:

1.  What is the first step that I need to take?

2.  How do I know how much money I need to have saved?

3.  How do I figure out what I can afford?

My hope in this series of posts is to provide an overview of the home-buying process for those who are thinking about buying their first home and are slightly confused/overwhelmed with the whole process.  What follows is a step-by-step guide through…

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