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Mt. Hood Real Estate Blog

Liz Warren

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Attention Oregon Vets!

by Liz Warren

Here is a fabulous offer from McCormick & Schmick's Restaurant to Honor VETS on November 11....please read this news release:

McCormick & Schmick’s Seafood Restaurants Honor Active Duty & Veterans


In their annual salute to all veterans McCormick & Schmick's Seafood Restaurants will again provide free meals in honor of Veterans Day. All veterans can receive a free lunch or dinner entrée at McCormick & Schmick's Seafood Restaurants nationwide on Sunday, November 11. Vets should show proper identification (VA card, VFW card, veterans ID,
DD214, discharge papers, etc.) Reservations Are Strongly Encouraged! In a show of thanks to our nation's veterans, Bill McCormick and Doug Schmick offer to serve those who've served at their McCormick & Schmick's Seafood Restaurants. Last year the company served nearly 15,000 vets nationwide. This year's event is taking place on the Sunday before Veterans Day so that families can participate. McCormick & Schmick's annual veterans program began as a small effort in just one
restaurant in 1999. Due to its overwhelming popularity and positive response received from veterans the program has expanded nationwide. A complete list of participating restaurants may be found at
http://www.mccormickandschmicks.com/index.cfm?fuseaction=content.display

&pageID=263.

ZigZag River Cabin

by Liz Warren

Ok, we've got another live one on the Zig Zag River.

$199,500  take a tour here

This is an immaculate two bedroom cabin only SEVEN minutes to the slopes. I really like the stone fireplace with a newer propane insert. One of the best things about this cabin is all the windows and it's so close to the river you can hear it from every room and nearly see it from every room!

BUY vs. RENT? No Brainer for building wealth

by Liz Warren

 

MONDAY MORNING COFFEE----NEW!

by Liz Warren

 

Join me for Monday Morning Coffee! I'll give a brief update on the local market and a little weekly inspiration! (This week, only inspiration) If you would like to receive this every Monday by email, please send me an email at
Place Monday Morning Coffee in the subject line.  Your copy will be on its way every Monday morning!
This week's

Top Five Pricing Considerations In This Market

by Liz Warren

Here are the top five pricing considerations for today's market and selling your property.

1. Increased  Inventory

2,Increased Mortgage Rates

3.Increased Mortgage Restrictions

4. Increased Vacancy Rates

5. Increased foreclosures

(cutesy of  Steve Harney)

 

Mortgage Industry Update

by Liz Warren

The mortgage industry is not in chaos and there is plenty of money available to loan. The industry has changed though. To  summarize some of the changes, and there are a few, here is a bullet list of some items for consideration when searching for a new loan and for understanding what is different since last year.

*161 lenders have closed their doors since 2006

*Underwriting standards are stricter than ever

*Credit scores less than 620 with little money  down are not eligible for subprime loans

*Buyers are turning to FHA and VA loans to get 97%  and 100% loans at reasonable rates

*Non-profit down-payment assistance programs are gone

*It's very tough to do a 1st and 2nd mortgage to finance a 90-95% loan of the sales price

*Jumbo loans (over $417,000) are now quoted at  7.5% or more depending on the borrower and their down-payment

*Jumbo loans often require two appraisals-one by  the lender and one by the investor

*Lenders are very cautious about fraud these days

Lenders are searching for risk reduction. and scrutinizing loans heavily which have low FICO scores (credit scores), stated income borrowers, low down-payments, and high dept to income ratios.

I would highly recommend  you search for an experienced mortgage broker if you're looking for a first mortgage or refinance!

 

Fall Home Maintenance Tips

by Liz Warren

As we head into fall, here are a few tips to keep your property in tip top condition, Courtesy of Amos Home Inspections:

Winterize exterior faucets.

Check caulking around doors and windows. Repair or replace, if necessary.

Check for cracks and openings in exterior siding, fill with caulk, if necessary.

Check exterior siding and trim for peeling paint or exposed wood. Prep and paint, if necessary.

Clean leaves and tree debris from gutters and downspouts.

Trim vegetation away from house and roof.

Drain or maritally drain water heater. Follow manufacturer's recommendation.

Check furnace filters, repair or replace, if necessary.

Pending Sales

by Liz Warren

Despite the doom and gloom of the media drums, the mountain market currently has 21 pending sales! 

Under $200,000    8 pending

$200,000 to $300,000    4 pending

$300,000 to $500,000    9 pending

These numbers include three forest service cabins and two properties in Government Camp. Forest cabin invenotry is down to three properties listed so if you want a cabin for skiing this winter, now is the time to buy.

And for my shameless plug: This forest service cabin is on the market right now at $109,500!

 

Call me today for details! 503-705-3090

Three Upcoming Musical Events and Festivals!!!

by Liz Warren

Three musical events and festivals are heading to the mountain next weekend!

September 14 through 16th

First is the Festival of the Forest held at Wildwood Park right off Hiway 26. This event will be held September 15th and 16th. This event celebrates Mt. Hood’s culture, arts & forest. Over 12 hours of live music, food, beer garden, booth with activities & crafts, art contest and forest activities for the whole family. Don’t miss the 20 year musical reunion of legendary Portland nightclub The Last Hurrah. We are talking some great Portland bands such as Burnside Bombers – Bob Voll & the Too Loose Trio - Cowboy Angels -  Hank Rasco - Hurrman Burrman – Jeff Lorber – Marlon McClain - Jack McMahon - John Bunzow – Jon Koonce (of the Distractions) & One More Mile  - Lone Coyote Club - NuShoozOrchestra -  Thin Man
Trigger's Revenge -  Billy Rancher's Unreal Gods - Wheatfield

Lineup Subject to Change

Hit this link for details: http://www.mthood.info/forestfest/

 

This year is the first annual 3900 Foot Festival event on September 14th and 15th.  The event will take place over Friday and Saturday at Mt. Hood Skibowl East (Multorpor) on two outdoor stages. The goal of the festival is to feature the best of independent music in the West, and make it accessible to everyone--families, kids, teenagers, and others, as well as to celebrate our beautiful natural resources at Mt. Hood. Details are listed at this link. http://theunionrecords.net/index.php

The third event: Spirit on the Mountain Christian music festival on September 15th at the Mt. Hood RV Village. This event features 14 well knows Christian bands and details can be found at this link: www.spiritonthemountain.com

Living the Good Life!

by Liz Warren

Here's a new home on the market that will knock your socks off!

Take a tour of this great home in Timberline Rim: It's only $279,500 and the list of bells and whistles will fill this page http://www.visualtour.com/show.asp?T=1169901

Living the Good Life! This is it! Lots of remodeling and incredible space in this charming home with newer 800 sq. ft. addition! Three bedrooms, 2.5 baths with vaulted ceilings, newer floor coverings throughout, woodstove, new trex decking for the huge outdoor entertainers deck, hot tub, great shop.

Let the light shine in your main living area. There's windows galore and skylights too. A woodstove with hearth warms the kitchen and dining area. An open livingroom/ family room area is perfect for large groups and the french doors to the deck make this an fabuous home for entertaining. The fullly fenced yard is perfect for pets and kids.

I love the open kitchen area and breakfast bar. The new appliances really make the kitchen a delight for cooking.

The new 800 sq. ft  addition has added a knotty pine master bedroom with a custom walk in closet, an open loft, storage closet and full bath.

Amenities in the area include a pool, tennis court, lodge, trails to the Sandy River and picnic areas right on the river. For outdoor enthusiasts, you'll love the 15 minute drive to skiing and a 27 hole resort golf course is nearby. The Mt. Hood National Forest surrounds the area giving access to thousands of miles of hiking and mountain biking trails.

Life is Good!

 

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Liz Warren
Merit Properties Group - Keller Williams Realty PDX Central
Box 131
Welches OR 97067
Direct: 503-705-3090