Minerva

26 Offers on a North Portland Home

I wrote an offer this past Sunday on this extremely nice skinny home in N Portland (St. Johns) that was priced at just $250k (low for the area). Much to my surprise there were 26 offers submitted by Monday afternoon.  I don’t know what the final accepted price was but I’m… Read More…

City of Portland Rental Agreement Changes

The Portland City Council recently passed an ordinance requiring landlords with rentals within the City limits to provide month-to-month tenants with a 90 day notice for no cause terminations.  They are also requiring a 90 day notice prior to any rent increase greater than 5% in any 12-month period.  (Chapter… Read More…

Portland Earthquake Codes

Portland Earthquake Codes and Upgrades for your home Often times we find old homes in Portland that are not built to withstand even a moderate earthquake. And all we seem to hear about these days is “the big one” is coming  to the Pacific Northwest.  So buyers are concerned… Read More…

Portland Market Conditions

The Portland Metro area (includes suburbs and SW Washington) ended 2015 with an average sales price increase of 6.5%. The median sales price increase was 8.1%. If I calculate only the City of Portland, the average sales price was up 9.35%. North Portland saw the biggest increase with 14.8%. 2015… Read More…

What does it take to get Loan Approval?

Loan Approval and how to get it. According to a survey of the mortgage lenders in the US, a buyer’s credit score is more important than the down payment, employment history or monthly income. The sad thing is that 30% of all americans have an error on their credit report… Read More…