Agent Profile
Tony and Libby Kelly, MBA, M.Ed. are ranked in the top 1% of REALTORS in Portland Metro. They have been featured on HGTV's "House Hunters" 3 Episodes & "My House is Worth What?" 4 Episodes.
Why we LOVE Portland!
Things Are Looking Up
Pending home sales haven’t looked this good in two years and actual closed sales are looking good too. The stock market is coming back and the countries exports are rising faster than our imports.
Things can still trip up our recovery. The inventory is finally ready to go down but some home owners and banks with foreclosures may have been waiting for things to turn around to put their homes on the market. There is also the possibility that the deficit could mean higher mortgage rates. Not to mention job losses are not over and will keep the foreclosures coming.
There is still reason to be positive with inventories currently going down and prices stabilizing, it might just be the turn around we are all waiting for. Then, the jobs will come back.
http://www.realtor.org/rmonews_and_commentary/economy/0910_economy_salesup
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Dealing With REOs
Q. Recently I have had a couple sale agreements come across my desk for bank properties. In both cases none of the contracts were signed and the deals were sent to escrow with only buyer’s signatures. What is the proper procedure with files like this when an asset manager refuses or is not willing to sign any documents yet replies with a counter offer and their terms but no signatures?
A. Banks and their asset managers often have no interest in complying with real estate licensing rules or even normal residential real estate practices. Such rules and practices don’t apply to buyers and sellers personally because they are not licensed. Binding contracts for sale signed by both parties are a great way to get to a deed, but there is nothing in the law that requires people to have binding contracts if they don’t for some reason want one. Real estate licensees have a duty to advise their clients about the potential business (not legal) consequences of the deals they (the principals) enter into and keep copies of the actual documents the parties use in those transactions. Most REOs require the buyer to sign the REO’s forms when the buyer makes an offer. Because the REO forms come after the buyer’s offer, they are often thought of as (and sometimes even called) “counter offers.” They often are not really “counter offers” because they are not signed by the seller. It’s more like getting a buyer to sign a purchase order where the buyer agrees to purchase if and when the seller actually agrees to sell. That isn’t illegal. Nor does it prevent opening escrow. It just puts the seller in the driver’s seat all the way to closing. Buyers need to understand that without the seller’s signature, it may be hard to enforce the contract. In this regard, a follow-up email or letter to the seller through the listing agent saying “we understand we have a transaction and will rely on the terms of that transaction to make expenditures and forego other purchase opportunities” will help clarify the buyer’s position. You will want to log onto the Oregon Association’s webpage at www.OregonRealtors.org and visit the Risk Management Toolkit to look at the new section entitled: “Dealing with REOs.”
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Real Estate in Portland
Portland is also known as the Portland Metropolitan Area and is also referred to at times as Greater Portland. It is a city located in close proximity to the states of Washington and Oregon. The Portland Metropolitan area comprises of Washington County, Clark County, Clackamas County, Columbia County and many more. According to available statistics, Portland is the most populated urban area in the state. It has recently been conferred with the title of the “Most Sustainable City in the U.S”. So if you are interested to buy a property in any of the Portland neighborhoods, do not deliberate much on this. Just go ahead and grab the best deal from some of the leading realtors in Portland.
Now you may be wondering why you should go for homes in Beaverton or settle for homes for sale Washington County, Portland. The answer to this is pretty simple. The Portland metropolitan area boasts of a flourishing economy. This has prompted people from other parts of the country to come and settle here. Real estate in Portland has benefited a lot from this influx. No matter whether you buy a property in the center of the metropolitan area or the suburbs, facilities like shopping centers, restaurants and schools are located within an easy reach.
Beaverton Real Estate
Beaverton is a city in the Washington county of United States. It is the second largest city in this county.
Historically Beaverton Real Estate was set in pace when in 1915 Ford Motor Company stared their dealerships here and the employees of that dealership started the local community. Later on, Premium Picture Production Company came to work there and the associates of the company also contributed in some extent in forming a part of the local community of Beaverton, sharing a small portion of contemporary Beaverton Real Estate. These are however just two instances. Beaverton history details settlers who cam from various walks of life to find peace and prosperity here.
However, the nature of Beaverton Real Estate market has gone under a sea change, at least from economic perspective, but the tune of the city has remained unchanged. Still the nature of market has maintained its practical modality and booming prospect for the realtors, as well as investors and residents.
If you are an interested buyer, looking for a new home in Northeast Pacific, then Beaverton real estate is a good choice for you. Beaverton is a first-rated town, which has direct, and multiple accesses toward varied economic opportunity and great commuting facilities to the nearby towns.
While opting for Beaverton real estate, don’t just fall for the spectacular and convenient locations, which make this a great place to live. Make sure your go the right legal way by hiring a local reputed and enlisted realtor to help you in finalizing the deal.
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Keller Williams Realty Portland Premiere
17700 SW Upper Boones Ferry Rd
Portland, OR 97224
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