Wayne B. Pruner, GRI, Principal Real Estate Broker - 503-891-0795 - Oregon First - Licensed in the State of Oregon
How to buy foreclosures in Tigard Oregon Most people have heard of foreclosures, but don’t know that buying one is relatively easy and usually profitable, if you start out with reasonable expectations. A foreclosure is when the Bank owns the property and the property no longer has a mortgage. Foreclosure, Bank owned property, and REO (real estate owned) basically all mean the same thing; the … [Read more...]
If this is a Buyer’s Market, then where are the Buyers? A Buyer’s market is one that favors the Buyer. In normal times this means that there is more inventory than demand. The current abundance of very affordable homes for sale and the historically low interest rates would make this a buyer’s market of colossal magnitude, but Buyer’s are staying away when they should be crawling out of … [Read more...]
Choosing a Tigard Home When you're in the market for buying a home in Tigard, it's wise to have an idea of what you need in your new home. Buying a Tigard home is pretty much like buying real estate anywhere else. There are many homes for sale in Tigard and the home buying process can soon become overwhelming, but with a little pre-planning you can lessen your fears and doubts and obtain the … [Read more...]
Money, Marriage, and the Housing Crisis According to recent figures from the Census Bureau, couples are postponing marriage until their financial situation improves. The number of new households being formed is at its lowest level since 1947. This phenomenon is helping to keep the supply of unsold homes at record levels. People are worried about losing their job or finding a job and are not … [Read more...]
What has Happened to the American Dream? Owning a home you can call your own is part of the “American Dream”. For many, this dream has turned into a nightmare. The idea that home prices never fall has been shattered. The average American home buyer got caught-up in the hoopla and “herd mentality” of the Great Real Estate Bubble and thought they were doing the right thing. Mostly, through … [Read more...]
Should I have my home inspected before I put it up for sale? Yes. It will show better! Feel better! Sell better! In this difficult real estate market for Sellers, there are several advantages for having your home pre-inspected. It seems very few Sellers seem to want to spend the money, usually about $400.00, to uncover problems in their home. These same problems are still there and they will … [Read more...]
Repair your home before you sell it. Properly handling repairs that come up as the result of the home inspection can be tricky to negotiate. Repairs are probably the second biggest reason why sales fail. Financing issues are generally number one, but you have very little control over this. You can be proactive on repair issues. The Seller wants to do the minimum necessary to sell the house … [Read more...]
Should I get my short sale re-inspected? Should I get my short sale re-inspected? I would say my answer to that is probably yes, depending on how much time has elapsed. I was talking to a new home owner last week. He purchased a short sale and the period between the home inspection and the closing of the short sale was nine months. The Seller continued to live in the house. When he took … [Read more...]
Is your Tigard Realtor telling you the truth? You have probably heard that the economy has reached the bottom and is not going to get much worse. Some Tigard Realtors are taking this news and touting that the real estate market is poised to make a comeback. Realtors so want some optimistic news, that they are willing to take some minor good news and speculate a real estate rebound. I think that … [Read more...]
How do reverse mortgages work? Many Seniors have trouble making ends meet because of depleted retirement savings or unexpected medical bills. A reverse mortgage can supply a homeowner with funds and they do not have to move. The Tigard Public Library is sponsoring a seminar on reverse mortgages, the first in a series of seminars designed to inform seniors on how to maintain their independence. … [Read more...]