THe inner city is still pretty HOT - people love it! It has come down a little, but when there is a house for sale at a good price- it usually goes quickly- sometimes with multiple offers!
Once you get out past the hot areas- there are some good deals to be had! But it's important to know the different areas- some have higher crime, some are laid back and country-like, others are just cute little mid century neighborhoods with hardwood floors and big lots!
There are 47 bank owned single family homes in NE Portland-from $67000 to $650000. There are 125 houses listed as Short Sales- from $100,000 to $650,000. All these are as of August 1. So there are alot of good deals to be had in this area!
If you are wondering what the difference is between Short Sale and Bank Owned, it is this:
A Short Sale means that the bank has to take a Short- in other words, cannot get back all the money it lended to the seller, because the house is worth less than the seller owes. There are lots of Short Sales going on right now because banks were not very careful in their lending practices and appraisals- so they lent out way more money than many houses were worth. Now they have to take a loss. Sometimes the house really was worth more, sometimes it wasn't. Just because it is a Short Sale, doesn't necessarily mean you are going to get a good deal. You have to know the market and know what the comps are to be sure. That's why having a good realtor helping you is so important! They can get the comps for you so you know what the house is really worth before you make an offer.
A Bank Owned home has already gone through foreclosure- and now the bank owns it. The bank has already taken a short...if it had to, and is just trying to get rid of it. Bank owned houses can sometimes be the best deals of all! But again, you have to know what the comps are to be sure!
If you want to learn more about Short Sales, or about NE, SE Portland or any of the other areas in or around Portland- go to my website and you can click on my Portland Neighborhood Guide and read an in-depth all inclusive guide to the whole Portland Metro area- with maps, links, photos, trails, parks, schools and more for each of the little neighborhoods of the inner city- plus the suburbs! www.PortlandCreativeRealtors.com
If you want help learning about Short Sales and how to find them, just email me or call me. I'd love to help you search for your next house- I'll teach you about the different areas of Portland, about Short Sales or Bank owned homes, or anything else you need a professional realtor to help you with! I sell all kinds of houses all over the Portland Metro area- and have for over 10 years!
I am Short Sale Certified, which is important if you are trying to look at Short Sales and Bank Owned homes - because Short Sales are hard to close- you have to know what you are doing- so many of them just time out and foreclose!
I'd love to help you in whatever your real estate needs are! Just contact me, and we can get started!
There are probably more short sales and bank owned homes in Beaverton than almost any of the other areas of Portland Metro. If you can't afford more than $250,000 or $275,000, you can still find a good house here!
As of May 1- there are 220 Short Sales available- from condos at $70,000 up to single family home at $1,500,000! Most of the single family homes average from $275000 to $350000- so it's a good place to find a moderate priced home! There are 152 Short Sales for single family homes right now- starting at $129,000- and going up from there- with the bulk being under $300,000. There are 48 Bank Owned homes from $126,000 up to $900,000! I'm a registered Short Sales Specialist- have done alot of Short Sales and Bank owned homes, so can help you if that is what you are wanting to do!
If you are wondering what the difference is between Short Sale and Bank Owned, it is this:
A Short Sale means that the bank has to take a Short- in other words, cannot get back all the money it lended to the seller, because the house is worth less than the seller owes. There are lots of Short Sales going on right now because banks were not very careful in their lending practices and appraisals- so they lent out way more money than many houses were worth. Now they have to take a loss. Sometimes the house really was worth more, sometimes it wasn't. Just because it is a Short Sale, doesn't necessarily mean you are going to get a good deal. You have to know the market and know what the comps are to be sure. That's why having a good realtor helping you is so important! They can get the comps for you so you know what the house is really worth before you make an offer.
A Bank Owned home has already gone through foreclosure- and now the bank owns it. The bank has already taken a short...if it had to, and is just trying to get rid of it. Bank owned houses can sometimes be the best deals of all! But again, you have to know what the comps are to be sure!
If you want to learn more about Short Sales, or about Beaverton or any of the other areas in Portland- go to my website and you can click on my Portland Neighborhood Guide and read an in-depth all inclusive guide to the whole Portland Metro area- with maps, links, photos, trails, parks, schools and more for each of the little neighborhoods of the inner city- plus the suburbs!
If you want help learning about Short Sales and how to find them, just email me or call me. I'd love to help you search for your next house- I'll teach you about the different areas of Portland, about Short Sales or Bank owned homes, or anything else you need a professional realtor to help you with! I sell all kinds of houses all over the Portland Metro area- and have for over 10 years!
I am Short Sale Certified, which is important if you are trying to look at Short Sales and Bank Owned homes - because Short Sales are hard to close- you have to know what you are doing- so many of them just time out and foreclose!
All in all, if you want to live close in to downtown- there are alot of good solid neighborhoods in Beaverton- with good public transportation and good schools. It's probably the most affordable area on the west side of Portland! Check out my website and shoot me an email or call me. I'd love to help you get to know Beaverton and other Portland areas better! My Portland Neighborhood Guide encompasses the whole Portland Metro area all the way out to the coast!
Keep up with all the latest market conditions in the Portland area by subscibing to my Real Estate Blog- I update it several times a week- and you can learn about different Portland neighborhoods, the job market in Portland, housing market, and all kinds of interesting things. Just go to http://portlandcreativerealtors.featuredblog.com/
Approximate Location Boundaries: West: Willamette River, East: NE 140th, North: The Columbia River, South: Burnside
Location Characteristics: Portland is divided into north and south at Burnside- and east and west at the Willamette River. So NE Portland goes from the Willamette River east all the way to Gresham, and from Winning Way at the Rose Quarter north to Rail tracks just before Columbia Blvd a 1/2 block Section of Williams ave on the Columbia River.
There are lots of diverse areas in NE Portland- The inner city like Boise Elliot, MIssissippi, Concordia, Alameda, Alberta Arts, Irvington, Laurelhurst, Rose City, Hollywood and Sullivan's Gulch- and the outer areas like Roseway, MontaVilla, Vernon, Woodlawn and Sabin. You can learn the specifics of all these neighborhoods in my Portland Neighborhood Guide by going to my website at www.PortlandCreativeRealtors.com and click on the neighborhood guide at the top of the page! There are maps, charts, photos, collages, history, descriptions showing the epersonality and uniqueness of each neighborhood- plus links to trails, schools, parks, and other cool things each neighborhood has to offer.
The inner city is full of Craftsman, English, Tudor, and all kinds of homes full of character and historic detail- most have lots of 50x100 so you have a small yard- each neighborhood has it's own little cafes and shops- and the whole east side is walkable and bikable!
There is alot to discover and learn about the east side of Portland. It took me a long time to understand it well enough to be able to give my clients tours and accurate information on it all- to help them understand and love all the different and diverse neighborhoods like I do! I wrote the Portland Neighborhood Guide so that others could easily get to know Portland -so they would know where they wanted to live! There are so many different communities and lifestyles available! It's awesome if you can find just the right one!
Just give me a call or drop me an email and we can meet for coffee and talk about what you are looking for- or email back and forth- or just get started looking at houses! I'd love to help you find the perfect house in Portland! And I'm willing to show you as many houses as it takes, at whatever price you are needing to buy at!
About Helen Hoyt:
I've been a realtor in the Portland area for 12 years and have had my own company, Portland Creative Realtors, for 4 yrs. My 3 daughters are my partners and my husband is my webguy! I always try to put my client's interests first. I strive to be honest and sincere.... and I really do care about my clients. I am one of those strange people that actually likes and trusts other people! And time and again, this belief in people has proven to be justified! Hopefully, if I continue to live by this rule- I will build a loyal group of clients who will keep coming back when they need help with real estate- and will recommend me to their friends! I'm also a go-getter, very creative in my thinking and business, and willing to work 24-7 if need be! I have raised my daughters to be the same kind of people, and they are! So whichever one of us you choose, you will know that we will always do our very best to help you -either find a house to buy, or sell your house! And the four uf us all work together because we love, trust and respect each other. So if one of us can't help you with something, the rest of us will jump in and get it done!
I really love Portland- it is such a beautiful city with lots of different neighborhoods-each having a flavor and personality of it's own. It's important to understand how Portland is laid out and what each area is like so that you can find a home that has the lifestyle and feel that you will love best. I wrote a Free, Online, all encompassing, in-depth Portland Neighborhood Guide that describes each neighborhood and suburb of Portland-going all the way out to the west countryside- with descriptions, photos, collages, maps, links to parks, schools, shops and other places unique to that specific neighborhood. Just click on Portland Neighborhood Guide at the top of my website.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
