About a month ago I wrote that the slow sales numbers from December and January should start to improve as we move into spring. It certainly feels like the market is improving and demand is increasing, but the stats don't reflect any huge gains at this time. One thing positive is the lower half of the market place is seeing increased demand and the resulting sales, but above $500,000 sales a ...
Septic systems aren't an especially fun topic usually, but they are an important part of everyday life for many of us on the Oregon Coast, particularly those that live outside the city limits of Astoria, Warrenton and Seaside. For those that live inside one of those cities, when they flush they don't have to give it another thought. Those that live outside of those areas must have a on-site d ...
Auction Details
Here
The first mass developer auction I'm aware of on the North Oregon
Coast is set to take place this April, with 20 Seaside, Oregon
condo's due to be sold at auction. The minimum bid starts at
$165,000, and the sales office can help arrange with financing.
This could translate to some pretty good buys judging from the
results I've seen from the other sales put on by Acceler ...
Astoria Home For Sale
903 Clatsop St
Astoria, Oregon
The LA Times is running an interesting series on personal finances and investing, and has this to say about hedging against inflation:
Doug makes a great point about something I've witnessed myself, if you're entering into a lease agreement for any property- be it a home or commercial space- make sure the owner is making the underlying payment or you could be out on your ear. Often a cash strapped owner will stop making payments on the rental property (or properties) before defaulting on their own primary residence.
...While I certainly don't intend to discourage anybody from buying a REO property, a Buyer should take caution and proceed with eyes wide open when pursuing a foreclosed home. Because the Seller (or bank in this case) doesn't have first hand knowledge of the property, a Buyer doesn't receive the Seller's Property Disclosure that outlines any potential defect and gives a little history. Often ti ...
In Part I of the Foreclosure Buyer's Guide I touched briefly on some potential pitfalls of buying foreclosed homes on the coast. Before I dive further in the methods behind my madness I think a little discussion about the process will help bring a little perspective to those thinking of buying a foreclosed home.