Portland Real Estate Agent Offers Tips For Buyers To Close Fast on Bank Owned Property

Portland, OR - Portland REALTOR® David Somerville has published a list of Tips For Buyers To Close Fast on Bank Owned Portland Real Estate. He says that while many agents don't take the time to educate their clients, following a few simple guidelines leads to a much more satisfying buying experience.

In a market that sees a lot of Portland real estate transactions needlessly falling out of escrow, Somerville says that it is possible to not only close on time, but early, if a few simple steps are taken in advance.

"Number one on the list of ways to ensure a fast closing is to make an all cash offer. Of course, not everyone can do that, so I've put together some tips that many buyers will be able to take advantage of to expedite their closing."

The tips include:

1. Make an all cash offer
2. Sell your current home before making an offer on another one
3. Get preapproved with a mortgage broker, not just prequalified
4. If possible, get your loan from the bank that is selling the property
5. Tighten inspection timelines to 3 business days instead of the standard 10
6. Have mortgage broker order appraisal 2 business days after offer acceptance
7. Have certified funds to escrow prior to signing closing documents
8. Don't make any last minute credit purchases

For more detailed information on these tips, go to http://bit.ly/ojjgqb. For Portland real estate listings including The Pearl District and other Portland neighborhoods, go to http://www.maxwellsinclair.com.

For more information, please contact:

David Somerville
Prudential Northwest Properties
5 Centerpointe Dr. Suite 150
Lake Oswego, OR 97035
503-789-7633
http://www.maxwellsinclair.com

Oregon Real Estate Agent Releases Top Five Portland Metro Areas in Home Appreciation Report

Portland, Oregon - Portland Oregon real estate agent David Somerville, a REALTOR® who is an expert in area home values, has released the top five Portland metro areas in his Portland Home Appreciation Report to help those following the market understand trends in market activity.

Somerville says the report, which is designed to be helpful to Portland real estate professionals but accessible to the average homebuyer, gives a broad overview of market health broken down by regions.

"I cover the twelve major Portland metro areas, including NW Portland and Washington County, Milwaukie and Clackamas, Lake Oswego and West Linn, NE Portland, Tigard and Wilsonville, Oregon City and Canby, North Portland, Beaverton and Aloha, West Portland, Hillsboro and Forest Grove, SE Portland."

He says that the report is a very objective presentation of market information designed to help potential Portland home buyers make informed decisions about where and when to buy real estate in Portland neighborhoods.

"I just look at the facts of the market and report to my readers what the trends look like for the price of Portland real estate. Many home buyers have come to appreciate the actionable information in these reports."

Top Five Metro Portland Areas

1. NW Portland / Washington County
2. Milwaukie / Clackamas
3. Lake Oswego / West Linn
4. NE Portland
5. Tigard / Wilsonville

The areas are ranked according to the amount of appreciation Portland homes experienced for each region during the previous year. NW Portland and Washington County experienced an 8.70% decrease in property values from a year ago, while Milwaukie and Clackamas experiencing a 9.50% decline. Lake Oswego and West Linn fell 9.8%, NE Portland fell 10.2%, and Tigard and Wilsonville fell 10.3%.

The full report can be viewed at http://www.maxwellsinclair.com/blog/tag/home-appreciation-report/