Author Archive

Sellers Can Help Buyers with Closing Costs on the Purchase of a Home & Investment Property!

April24
"Help" - The Beatles Sellers can help buyers with their closing costs and prepaid expenses.  There are limits set by loan providers for these allowable credits and they range from 2% to 9% of the purchase price of a home, depending on the type of loan program the buyer is using to purchase. These are referred to as "seller paid concessions" and should be written into the sale agreement as "sellers contribution towards the buyer's closing costs and prepaid expenses". Allowable Seller Contributions for CONVENTIONAL FINANCING: Owner occupied & 2nd home: 5% down-payment = 3% … Read More

1031 Exchanges Defer Income and Capital Gains Taxes on Investment Properties!

April22
Mumford & Sons - "I Will Wait" “It’s not how much you make, but how much you keep” applies to almost every aspect of your financial life.  It definitely applies to real estate investors, who face high tax rates when selling their investment properties. Fortunately, IRC Section 1031, a provision in the tax code since 1921, provides tax relief. Reflected below is a summary of the four ways investors will generally be taxed on the sale of an investment property if they DO NOT take advantage of Section 1031: Depreciation Recapture: First, taxpayers will be taxed at a rate of 2… Read More

Sale Pending! Newer Construction with Possible Extra Living Space!! Ideally Located near Kenton/University Park! 4768 N Drew, Portland, OR 97203. $299,900. ML#14194895

April13
  Newer Construction in Popular Kenton/University Park Neighborhood! 4768 N Drew St, Portland, OR 97203 3 bedrooms, 2-full baths, approximately 1530 SF Built in 2010, light & bright! Green building w/bamboo floors, gas fireplace, energy ef… Read More

APRIL 2014 PORTLAND METRO REAL ESTATE UPDATE!!!

April12
Placido Domingo - "Younger than Springtime" Spring has sprung and we are seeing the usual real estate uptick as we head solidly into the spring selling season.  Activity in the Portland metro area is continuing to trend upward for the first quarter of 2014, but we are not quite as robust as the first quarter of 2013! Total average market time fell to 85 days in March and inventory decreased to 3.1 months (inventory in months is calculated by dividing the active residential listings at the end of the month by the number of closed sales for that month).  The average sales price in the fir… Read More