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.
#1 Best City to Visit This Summer
When you break down our U.S. cities by weather, parks, family fun and farmer’s markets then Portland Oregon ranks #1 in cities to visit this summer!!!
http://travel.yahoo.com/p-interests-34887215
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Bogus Tax Credits
There are actually some home buyers out there who are trying to get $8,000 from the government (taxpayers) even though they didn’t meet the deadline for an accepted offer.
The requirements clearly state that an offer had to be accepted by April 30th and close before June 30th. Is seems that some buyers out there are demanding they close by June 30 even though they just got the deal together.
Apparently the IRS paperwork requires proof of the close date but not the acceptance date.
The forms specifically ask the buyer if they were under contract before April 30th but does not ask for documentation. The settlement statement they are required to supply has the close date on it.
If the IRS decides to look into it though, it’s not hard to find proof of when the offer was actually accepted. Unless, of course, you got everyone involved to falsify the documents. But there would still be faxed and emails and such pointing to another date.
The IRS has decided not to make a statement about this issue except to say that they have ways of checking for false claims and risks include civil or criminal penalties.
http://money.cnn.com/2010/06/25/real_estate/fudging_the_tax_credit/index.htm
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Portland Oregon Market Report
May Residential Highlights
When comparing sales activity in the Portland metro area in May 2010 to the same time last year, May 2009, closed sales increased 43.7%. Pending sales and new listings both decreased by 24.1% and 10.2%, respectively. On a month-to-month basis, when comparing May 2010 to April 2010, closed sales grew 5.6% (2,050 v. 1,941) while pending sales fell 50.1% (1,493 v. 2,991). New listings also dropped 26.2% (3,482 v. 4,713). At the month’s rate of sales, the 14,372 active residential listings would last approximately 7 months, the lowest inventory has been since August of 2007.
Sale Prices
The average sale price for May 2010 decreased 5.5% compared to May 2009, while the median sale price also went down 4.4%. When comparing May 2010 to the month prior, April 2010, the average sale price fell 2.3% ($275,500 v. $282,100) and the median sale price decreased slightly by 0.4% ($239,000 v. $240,000).
Year-to-Date
Comparing January-May 2010 with the same period in 2009, closed sales increased 42.7%. Pending sales also rose by 28.3% and new listings went up 10.4%.
Avoid Foreclosure Scams
Here are some Red Flags to help you avoid foreclosure scams.
1) No one should be asking you for a fee in advance. Do not pay anyone up front, you will never hear from them again!
2) They should not guarantee you anything. If someone makes promises, especially without hearing your specifics first, run!
3) If they tell you to start paying them instead of your mortgage. Definitely do not do this!
http://money.cnn.com/2010/06/04/real_estate/avoid_mortgage_modification_scams/index.htm
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com
Agency Info
Keller Williams Realty Portland Premiere
17700 SW Upper Boones Ferry Rd
Portland, OR 97224