$8000 for your downpayment – HUD says yes!

Filed Under Lake Oswego home buyers, Lake Oswego market update, West Linn home buyers, home buyers · Tagged: , , ,  

To sweeten the spring selling season – first time home buyers $8000 credit just turned to cash ~ for your downpayment that is… What are you waiting for?  Choice inventory – incredible rates – and now your downpayment. 

Maybe – not so fast.  HUD is working toward this but as of yet is not able to implement….

Take advantage of this excellent opporturnity – give us a call 503-495-5231. 

HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit

WASHINGTON, May 12, 2009

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the
Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.

Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the Realtors® Midyear Legislative Meetings & Trade Expo here.

 

May 15, 2009 by Roberta ·

Selling your Lake Oswego home…

Filed Under Lake Oswego home buyers, Lake Oswego market update, Lake Owego Home sellers, Uncategorized, home buyers, home sellers · Tagged: , , ,  

Homes in Lake Oswego are selling, just not very fast.  Inventory, news press, statistics, interst rates all point to the tech savvy buyer doing their homework.  They determine what your home is worth, so understanding the buyers process is key to selling your home.

Today Lake Oswego home buyers control the market and in December paid just 87% of the average list price.  Just 16 homes did close, leaving 671 housing options still available.

Knowing how your Lake Oswego home compares to the others is critical.  Move in condition means just that.  Many sellers still think that a buyer is going to low ball an offer just to get things rolling, they may need to think again.  That wallpaper that was fabulous in the 80’s or even the 90″s is so out, and a carpet allowance offered at closing because of the hassle to replace the worn, outdated look could be costing you plenty.  These are things that can make a buyer run.  And since there are many Lake Oswego homes for sale, the buyer and their agent may not even take the time to look at your home.

With so many options ranging from a builder willing to on standing inventory, to a not so perfect bank owned property at a fantastic price….where does your home fit in this scenario. 

Pricing and property condition are key to the buyers interest.  Closed home prices in December ranged from $1,150,000 down to a low of $389,000,  showing Lake Oswego has buyers and homes in all price ranges.

January 17, 2009 by Roberta ·