Agent Profile
I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
4800 Meadows Road, Suite 100
Lake Oswego, OR 97035
Top 5 Buying Blunders
With cheaper home prices, lower mortgage rates and big discounts on foreclosures, buyers will have plenty of incentives to get in the real estate market in 2009!
To help you navigate through an uncertain market, I have compiled a list of “buying blunders” to be aware of:
1. Don’t buy for the short term: Home prices are still declining and most homes purchased in 2009 will lose value in the short term and it remains unclear just when the home market will bounce back.
2. Not understanding your local market: Keep in mind that individual markets are not the national market and home prices in your particular market could be moving opposite of the rest of the country.
3. Not scouring for deals: As home prices continue to go down, look for deals. You are in the driver’s seat . Just be careful not to go too low – it can be insulting to the seller.
4. Purchasing a foreclosure just because it’s cheap: While foreclosures offer tremendous deals, sometimes the homes come with hidden baggage. Do your homework before jumping into the sale.
5. Overly aggressive buyin: Remember that you have a budget and just because your lender gives you a loan, it doesn’t mean that you have to use all of it. In fact, it’s better not to given that today, Oregon was named as having the highest unemployment rate in the nation. Scary!
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