Downtown Portland Real Estate Broker~Herb Hamilton,CDPE

Every body knows someone who has either SOLD their home or BOUGHT there home under a Short Sale circumstance. You may know or have heard the stories about people who have saved tens of thousands of dollars or in some cases even hundreds of thousands of dollars.

Well I am here to tell you those stories are absolutely TRUE!

But how did it happen and just what is this CDPE thing I have been hearing about? If you or someone you know are heading down that path to foreclosure the CDPE is someone you better get to know.

They may be your only hope! Find out Here!

Over the years I have worked my share of Short Sales. I always spent the time to qualify the Seller before moving forward. This just kind of seemed automatic to me.

Yet a couple of months ago a Buyer that I am working with called me about a property that she saw on my web site. Like most first time Buyer's Susie is real enthusiastic. And rightly so with this home.

It is surrounded by homes in the High $300's to upper $500's. Yet its sales price was only $209,000. I checked the listing and no indication of a Short Sale, photo's looked good as well.

Showing instructions are Call agent. I make the call on every number I can find leaving messages every where. Two days pass And I finally get a call back. I set the appointment and call the Buyer.

Just like the photo's this home is stunning at least for the price and area. It is hard to keep Susie from doing cartwheels in the Living Room. Later that evening we write the offer, theorizing that the reason this gem is still on the market was the incompetency of the agent who takes 2 plus days to call back.

To be on the safe side I put a few caveats in the sale to protect the Buyer. Things like Sale is subject to Seller providing documentation of liens and or amounts owed on the property. In the event that the Seller owes more than a negotiated sales price Seller is capable and willing to bring cash in to close.

Got the agents attention on that one. Three days later the agent requests a meeting between the Seller herself and I.

It took 45 minutes to drag it out of them but the reality was the Seller owed almost $300,000 on the home. The listing agent had never asked the question.

To this date that the listing is still on the market. The agent has never had any communication what so ever with the two lenders. She drops the price on a regular basis it is now down around $150,000 or so.

It is absolutely true that the single biggest failure of Short Sales to close is often the Agent.

While out previewing homes for some of my clients the other day I came across a couple who came straight to the point by asking " Just what are REO's, BPO's and Short Sales?

It was a fablous question and one that I think that not many people would truly be able answer. Oh I can imagine that there are quite a few people who could fake the answer but how many truly do know the answer?

To that end I wrote this post on my outside Blog. I followed up that post with a very nice assortment of Portland Oregon Homes offered as Short Sale Listings in a variety of different areas and neighborhoods.

I know what your going to say " SHort Sales , Arggh!" Well I am here to tell you that the Short Sale stigma is not as bad as one would think. In fact in our office I found that 65% of all of our transactions this last month or so have been Short Sales.

In the last few weeks I have also seen a significant increase in Foreclosed properties. That means that REO inventory in and around Portland Oregon will soon take up a major portion of our business as well.

Stop By take a look and let me know what you think. Do you know your REO's, BPO's and Short Sales?

Being in the Business of Real Estate is sometimes frustrating. Not for all the reasons that just may have popped into your head.

It is frustrating to me because I feel that I am to close to the issues. Take for example the issue of Search Engine Optimization or SEO for short. I work hard on a regular basis to push my web sites to the top of the Search Engines via natural organic results.

There is the Rub! I am Not a Buyer nor a Seller of Portland Oregon Property. So I can only take a stab at what might be the keywords that others are typing into their favorite Search Engine.

It might be something a simple as real estate for sale or homes for sale. Or it could be more elaborate and specific like Portland homes for sale, or even more specific such as downtown Portland Oregon Condo's for Sale. Yet how would I know? For all I know the majority of Buyers are Looking for Pickles and somehow stumbled across real estate by accident!

I hope so cause I might have that covered, see The_Pickle . But let's face it I don't have enough money to start buying, creating and maintaining a site for every vegetable.

So perhaps the better way might just be in collaboration? What say you? What search terms do you optimize your site or sites for? Don't have a site you say? Well then what search terms do your friends and relatives use when searching for homes online?

Can you help a brother out? If you share so will I for that is what Activerain was founded on and what causes most of us to continue to SHOW UP AND SHARE !

What are Your Top Terms and With what page Rank?

If you like living in a Bedroom Community such as Beaverton Oregon a scant few minutes away from Portland Oregon but you can't yet afford the prices of a home yet you need the space then perhaps a Condo is for you.

The biggest problem you will encounter is the real lack of 3 bedroom Condos. Typically most Condos were built with a floor plan of 2 bedrooms or less. I suspect the theory was that they would be most often purchased by retirees who wanted less space to keep up.

But in to days real world although many of us do want less up keep we also need extra space for our own needs. Like an office space for him and for her. Yep that's right 3 bedrooms. Here is a little search for that 3 Bedroom Condo in Beaverton that you have been looking for.