Oregon property taxes can by confusing. Especially due dates and how they are prorated when you buy or sell. Click Here for a simple chart from our friends at Ticor Title
"That house down the street has 3-foot tall weeds all over the front yard"
"That car has been parked there for weeks"
"The business on the corner is so noisy I can't sleep"
"The neighbor's dog barks all day and night"
"I don't think that apartment being built over their garage complies with code"
In the City of Portland, there is a place to file a complaint for all these issues and more.
Click Here for a list of the right phone numbers for each of these issues, and many others. You can also file a complaint on line for almost all.
Personally, I've only filed one complaint like these. It was for a home under construction that had stopped the building process and let the weeds get 3-4 feet high. I filed an on line report and in two weeks they had been mowed.
Beyond removing an irritation to living, some of these things actually affect the value of all the homes in your neighborhood. So among other things, you're protecting your home's value when you file a legitimate complaint.
ALL lenders have the right to do a second credit check (and confirm employment, etc) just before funding. If you buy the new car after approval (or run up your credit card balance, or anything else that raises your monthly payments) you have changed your debt to income ratio. An acceptable ratio was one of the factors in the approval for your mortgage and if you change it by adding debt you may put yourself above the lender's limit and nullify your mortgage approval.
The safest course is to NOT take on ANY new debt after approval but before closing. Don't buy a car, a timeshare or anything that would affect your debt to income ratio. You've waited this long, stifle the urge buy whatever it is for another few days. After closing, you're on your own, but don't risk your purchase by buying something now.
Any good lender will tell you the same (but you may not have been listening). If you'd like an introduction to a top-drawer lender who's been delighting my clients for years, let me know.
At a Windermere meeting last week we heard Windermere's Chief Economist.
Here's the takeaway in plain English: http://www.bizjournals.com/portland/blog/real-estate-daily/2016/02/is-the-economy-going-to-be-better-this-year-brian.html
I just answered a question on a popular real estate site asking about the average amount of seller concessions for closing costs and repairs. Here's what I wrote:
You've mixed two different things when you include repairs with closing costs. A buyer's closing costs typically include some escrow & title fees, property taxes, and insurance. Repair costs are the price of repairing something significant that's defective or problematic. For example, if the sewer inspection finds a problem or if there's radon above actionable minimums. The Portland area is very much a seller's market today. The inventory of detached homes for sale in the entire 3-county metro area is down 28.1% from January 2015. We have only 1.8 months of inventory, which means if we continued to sell at the same rate and no new listings were added, in less than two months we would have sold everything. When inventory is about six months, it's considered an even buyer-seller market. What that means in terms of costs paid by the seller today is "not much", because any decent home has multiple offers, usually all over list price. In December 2015 I had a buyer write a $335,000 all-cash offer on a 2-BR 1100 SqFt home in NE Portland that was listed for $319,900. The seller received 21 offers and sold for $400,000 all cash with no inspection contingency . That's unusual but not unheard of. So if you're a buyer, and the house is decent (not a fixer, or in a bad neighborhood, or wierd floor plan), expect to offer at least list, don't expect any seller credits for closing costs and repairs are certainly negotiable.
It's the time of year when there's an even greater need for coats and blankets. Windermere's Share the Warmth Coat & Blanket Drive is under way and my office (825 NE Multnomah St. on the ground floor) is a drop off point, BUT if it's better for you, contact me and I'll come and pick up your donation.
Thanks to our friends at Penrith Mortgage:
PROPERTY TAX BILLS ARE COMING, PLEASE REMEMBER:
If the statement is green, the county thinks you are paying the bill.
If the statement is yellow, the county thinks your lender is paying the bill and they have sent the bill to them; no further action is needed.
Did you get a green statement when you should have gotten a yellow statement?
Not to worry… simply call your Mortgage Consultant or Lender and they will walk you through what to do.
If you got the green statement, notice that if you pay in full by November 15th, you will sa
Come see this bargain in person
8627 N. Seward Ave., Portland, Or
While the chart shows Oregon as less than 30 days, the reality is that any decent Portland home that's fairly priced will be gone in a week. My last listing went live on MLS at 8:00 PM on a Saturday night. We received 10 offers by Wednesday and accepted $56,000 over the list price.
Besides the fact that the market is hot, this seller had wisely decided to have a home inspection before it went on the market, and fixed everything the inspection report turned up. I recommend the pre-listing home inspection to all my sellers. Even if you don't want to fix everything, you get the time to generate multiple estimates for the work, instead of being presented with the buyer's bid late in the standard 10-day inspection period when you can't realistically get a contractor to show up in time to get any competing estimates. It's almost like agreeing to the highest repair estimate before you even see it. Much better to have the time to get your own and either do the repairs or credit the buyer the amount of the lowest estimate.
If you'd like to directly help families suffering from the current wildfire epidemic in the Northwest, this link to the Windermere Foundation will send 100% of your donation to local organizations in the area you designate or to your billing zip code: http://www.windermere.com/blogs/windermere/posts/the-windermere-foundation-wildfire-fund