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As many of you know Pohl Real Estate agent, Geoffrey Pohl, was on an episode of the Number #1 Home & Garden Television (HGTV) Show, House Hunters, January 2nd. As many have requested we'll post the video when we get it. Thanks for all your positive feedback. Here is a link to the summary of the episode.
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Bank Owned Real Estate Deal Of The Day |
All homes were built after year 2000 and have at least 1200 sq feet.
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Latest Market Conditions:
Ending December 31, 2011 |
Portland Inventory hits a 4 year low! The Portland market's inventory continued it's decline for the year to 5.3 months remaining. This means that at the current rate of sale the supply of homes will last 5.3 months assuming no new listings hit the market. The supply is one key indicator of overall market performance. The Average Sales Price for the Portland Metropolitan area ended the year at $260,800. When looking at the entire year from January - December 2011 and comparing it to January - December 2010 the average equity lost for the average homeowner for 2011 was -$18,800 or -6.66% ...
Click here to read the rest of the market conditions recap and to go to the archive of market conditions. |
Latest News Article:
Short Sales Are Everywhere
Why Would A Bank Even Do A Short Sale? |
| The simple answer is money. In most cases it's more profitable for a bank to accept a short sale than to allow a property to get foreclosed on. Banks can be very savvy though and if they feel you can come up with the money they might not be inclined to accept a discount on the loan.
Before a bank will consider shorting your loan they will determine if the numbers add up. Items they look at when making a decision is what did the BPO (broker price opinion) come back at? How many months behind is the seller in ...
Click here to read the rest of this article and to head to our real estate news section archived section. |
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