Portland Realtors

Portland Real Estate
As Agents with Oregon Realty Company (Brokers Licensed in the State of OR) we offer our clients the finest service backed by our Company's 63 year legacy of excellence in serving clients. We've made short sales a specialty service by using the latest in in technology to ensure that our clients' needs are met and that transactions proceed smoothly. In order to conserve paper and improve efficiency we use digital faxes and offer our clients the convenient option of PDF copies of important documents. When applicable, we also offer the option of digitally signing documents through our DocuSign system. What this means to our clients is an easy transaction where documents and updates to listings happen quickly and conveniently. When Experience Matters As experienced Agents serving Portland, Oregon we offer…
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Housing Market Lake Oswego

Portland Home Values
For this week home Values in Lake Oswego, Oregon remained steady at a median list price of $549,900. Showing early albeit tentative signs of a stabilizing local market, asking price per square foot remained stable at $201. Lake Oswego Realtors also note that average days on market seems relatively stable at 182 days. Some Real Estate Agents go further and cite improvements in short sales and foreclosures / REO processing as being partly responsible for home values. Whatever the true market-drivers, the only substantial change for this first week of August is the uptick in market action from strong, well-qualified buyers. Home Values Lake Oswego The accompanying graph shows home values for Lake Oswego over the last few years. Certainly, even the most casual observer will note the greatly increased…
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REO Definition

Oregon Foreclosures
REO Definition REO stands for Real Estate Owned and refers to Bank Owned Properties / Foreclosures. Banks use this term internally to describe the real estate properties they have foreclosed upon and now "own" and often refer to their foreclosure departments as "REO Departments". REO is either pronounced "R-E-O" or pronounced "Rio" ... like you would pronounce "Rio De Janeiro". Occasionally, you may hear the term "REO" used by banking professionals Realtors who specialize in short sales and foreclosures when referring to foreclosed properties. When speaking of a specific property, I may ask a colleague if the house "went REO" as a way of inquiring as to whether the home is a foreclosure. As a member of the general public, you might see REO on advertisements from bank asset managers…
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