Agent Profile
My job is service...service to you and your real estate transactions! How can you benefit from my 25 years of experience and expertise? What can I offer to make the process more productive?
* Current information on available housing...comparative and competitive market pricing and analysis
* Daily involvement in the local real estate marketplace.
* Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business.
* Extensive network of professional resources to make the process as smooth as possible.
My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!
JANEESE JACKSON: 503-709-0802 or jj@janeesejackson.com
I’m Singing the “Gettin’ a Mortgage Blues”..Purchasing Investment Property in Portland Oregon!
Clapton and Knopfler “Same Old Blues”.
So, I have been writing about the important components of selling a home in the current Portland Oregon real estate market: pricing, special offers, mistakes to avoid, staging and other ways to get your home sold. But, what if you want to purchase a home? Okay, you may remember my tales of woe as I was first to offer on a duplex in the “hot and spicy” Mississippi neighborhood but then ended up almost over-analyzing myself right out of a great investment. And, eventually I ended up in a multiple offer situation. Often people applaud how I must always get “such a great deal on my real estate” because I’m a long-time real estate broker. Well, I do get a “good deal” because I usually get what I want. However, I have paid full price or OVER sales price for every piece of real estate I’ve ever owned (and, thus far, have made at least SOME money on every re-sale)!!! So, let that sink in for a minute. If you’ve done your homework and know what you want, don’t be afraid to “step up to the bat”. There is a moment in every offer situation where I feel like I’m going to “throw up”. Somehow, I’ve learned to have faith in my gut (and my endless “running of the numbers”).
Again, I digress. I’m talking about the mortgage process these days. If I didn’t know that banks were in the business of “lending money” I’d wonder if they really wanted to lend money any more. Thus far in my mortgage process, they’ve asked for everything but a note from my great-great-great grandmother!! I’m also fascinated by the appraisal process. On my last investment duplex purchase, the numbers were great and very much in my favor. However, the appraisal came in VERYlow. We (the listing Realtor and myself) managed to bring in supplemental comparable data and get the appraised value raised a bit, but still had to make up the difference in the appraised value and the downpayment (which for investors these days is 25-30% down if you want to get the good interest rates). On this new investment property, the numbers are not quite as favorable (albeit, I still believe its a good value) and the appraised value comes in higher than our “over sales price offer”???? Go figure! I know appraisers are under a lot of scrutiny right now (as part of the pendulum swing away from “drive-by” appraisals where they never even entered the property). All the same, the reactionary current appraisal practices are way “above and beyond” the call of duty. So, back to my mortgage process….my loan has not gotten to underwriting yet. You’ll know when it has because you will hear the unmistakable loud “wailing and gnashing of teeth” as they require the note from my great-great-great grandfather…….stay tuned!
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