The process for buying a short sale is similar to the purchase of a conventional or bank owned property with a few key additions.  The biggest difference is that a short sale adds at least one more decision maker: the bank (there may be loans with multiple banks or multiple loans with the same bank). … Continue reading Short Sale Flow: Chart for Buyers

We’ve updated the flowcharts that we created to explain the short sale process.  There are three perspectives: Short Sales for Buyers, Short Sales for Sellers and an Overview of the Short Sale Process.  Those are the links to the original posts.  These are the revised charts: Every short sale is different and may or may… Continue reading Updated Short Sale Flowcharts

Mr. Thrifty, asks the following regarding Realtors giving legal advice: Charles I have a question that may be a good post. Why do agents fill out purchase agreements for clients when giving legal advice is totally illegal for an agent to do? Do you believe, as I do, that buyers should have to either complete… Continue reading Buyers, Forms, Attorneys, Realtors Oh My!

We’re hearing it more and more: multiple offer situations on properties in Portland.  A tighter real estate market has resulted in inventory that, at least by statistical measure, can be classified as a seller’s market.  Six months of inventory is usually considered market equilibrium and Portland Metro inventory is now 5.0 months and even lower… Continue reading Competing in tight markets