About Us
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.
14874 SW Cochran St, Sherwood OR 97140
LEASE OPTION & SELLER FINANCING AVAILABLE. Striking Sherwood Remodel! Beautifully renovated one level featuring a large great room, stunning gourmet kitchen w/SS appls, modern interior colors & light fixtures, elegant tile flooring,cent.air, & light filled floorplan w/tons of windows. Master suite bath w/granite dbl sinks & tile shower, and views of Mt. Hood & Mt. St. Helens.
10155 SW Murdock St, Tigard OR 97224
Fantastic remodeled Tigard colonial on rare fully fenced 1/2 Acre Lot! The privacy of a huge lot and the convenience of quick access to shopping, dining, and schools. Completely renovated from Granite counters & maple cabinets in kitchen to new vinyl windows & carriage style garage doors. The home is a must see! LEASE TO OWN & SELLER FINANCING AVAILABLE. Call for details.
5126 NE 15th Ave, Portland OR 97211
Location, location, location! Fantastic Portland bungalow in the heart of the Alberta Arts District. This clean, neat and spacious home features extensive hardwoods, all new windows, remodeled kitchen and bathrooms, high ceilings, period built-ins and touches, and tons of room in the light filled basement. Just yards away from Alberta St and shopping & dining.
February Market Report
February Residential Highlights
The Portland metro area market improved in February compared to a record low January, but remains slow compared with February 2008. Comparing February 2009 with the same month in 2008, closed sales dropped 38.1%. Pending sales also fell 30.5%. New listings decreased 19.7%. On the other hand, when comparing February 2009 with January 2009, closed sales grew 17.1% (857 v. 732) and pending sales were up 3.3% (1,276 v. 1,235). New listings, on the other hand, dropped 17.3% (3,471 v. 4,196). At the month’s rate of sales, the 14,188 active residential listings would last approximately 16.6 months, down from a record 19.2 months in January.
Sale Prices
The average sale price for February 2009 was down 12.9% compared to February 2008, while the median sale price dropped 7.5%. Month-to-month, the average sale price and median sale price are both up when compared with January levels; the average sale price increased a slight 0.4% ($298,500 v. $297,200) and the median sale price was up 3.6% ($259,000 v. $250,000).
Year-to-Date
Comparing January-February 2009 with the same period in 2008, closed sales dropped 35.8%. Pending sales also fell 29.1%. New listings decreased 17.2%.
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
Portland Inventory Report
Watch for our real-time updates on the Portland Area Real Estate Market!
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
Score A Deal!
Before recently most people had never even heard of a short sale, now buyers are out looking for them to make sure they are getting a deal.
A short sale is when the bank agrees to discount the loan balance for a seller who owes more on his mortgage than the home is currently worth. And since nowadays these are everywhere, you are going to find one on your house hunting trip whether you want to or not.
So there is a down side to these things, you have to work for them. There is the extra step of getting approval from the bank and this one step can add months and months to the process. Especially now because they are so backed up with all the short sales being processed.
First of all, you want to be aware of what your are getting into, patience and persistence are going to be key. Do not think your transaction will be different and be easy and short, because it won’t. So do not plan on a particular move in date, have a place to stay till it is all finalized.
Second, you definitely need a realtor who has done these before. You need someone advising you properly and calling the lender daily on your behalf.
Thirdly, try to avoid short sales with extra liens on them. The more banks you include the longer it will take. If you can help it, you also want to avoid homes that already have other offers. This too will extend the process and decrease your chances of getting the home.
Fourthly, you want to price right so have your agent research the comparables, do not just go off the list price. The bank may be low-balling to attract multiple offers. You will also want to get pre-approved or the bank my not even look at your offer.
Fifthly, try to get the lender to pick up the closing costs. You also want to let them know that you won’t be paying for appraisals and inspections until you have an approved offer. No reason to be throwing money away on every house you MAY get. While you are at it, try not to put in earnest money over 3K in case you want to pursue more than one home at a time.
Finally, be willing to be annoying. You should be calling your agent at least once a week so that you know they are calling the lender constantly. The processor dealing with your loan will not be putting your off because they want the phone calls to stop. But if you are willing to put in the effort, you can score a major deal!
http://money.cnn.com/2009/01/27/real_estate/short_sale.moneymag/index.htm?postversion=2009012806
PLEASE CHECK OUT OUR NEW PODCAST ON THE HOMEPAGE OF OUR WEBSITE http//:www.TonyandLibby.com
Recent Blog Posts
May is National Moving Month
Friday, May 4th, 2012
May marks the official beginning of the moving season, and is known as "National Moving Month". 10 Tips To Prepare Your Home to List
Tuesday, April 17th, 2012
Ten tips to prepare your home to list. Agency Info
Keller Williams Realty Portland Premiere
17700 SW Upper Boones Ferry Rd
Portland, OR 97224