PDX Market Action June 2010
Filed Under PDX Market Action · Tagged:
Announcing Solarize SE, Phase II!
Filed Under Uncategorized · Tagged:
SE Portland has a program underway to solarize SE PDX. Phase I is complete and my friend who participated said it was the most rewarding experience she’s had in a while. By pooling resources and purchasing solar PV panels in bulk, homeowners are able to lower the costs of materials and installation.
Even if you don’t live in SE, please forward it on to everyone you know so that we can spread the word.
Also, it may be worth checking in with Tim O’Neal at Southeast Uplift to see if other neighborhoods in the city are doing their own solarizing.
My very best to you all,
Deborah
Client Testimonial
Filed Under Client Feedback · Tagged:
I guess I should call this my “braggin’ wall.” Recently, I represented a great couple who had decided they wanted to make a lifestyle change. So together, we listed and sold their house in the Mt Scott/Arleta neighborhood and they bought a cool condo downtown. My Principal Broker (the boss) received this nice letter and I wanted to share it with you. My goal is to make my clients’ transactions smooth and successful! I can’t help but love getting praise like this!
Dear Eva Sanders,
My wife Mary and I just sold our home on SE 66th St in Portland and bought our new condo at SW 1st St with the help of Deborah Giles.
We met her by chance when we went to an open house in our neighborhood. She kept in touch after that, and we began the process of preparing, then having the house on the market, and looking for what we wanted with her.
Deborah was a warm, involved professional who listened to our dreams and organized a plan which matched who we are. She used active, well-planned advertising, and was a very active communicator through the process. She also was supportive, in an “adult way,” as several tense complications developed.
She certain is an asset to your realty group, and she was marvelously helpful to us.
Sincerely, John and Mary E.”
Rehab Financing Program
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So you’ve found your dream house, but there’s one small problem. It could stand some sprucing up, but you don’t have the cash to buy it and renovate it. That’s where the FHA’s 203k financing program can help. There is no doubt that as homeowners walk away from houses they can’t afford there will be a certain amount of deferred maintenance that new homeowners will face. So the FHA is offering up to $35,000 to take care of those needed improvements whether it’s a home you want to purchase or a home you already own and plan to refinance. Here are the basics:
- May be used for the purchase or refinance of one-to-four (single family) residences including HUD REO (means “real estate owned”) properties.
- The loan can be an adjustable or fixed-rate mortgage.
- The funds to purchase or refinance are combined (and pays off existing liens) with the funds needed to repair or rehabilitate the property. Repairs are completed after closing but you can’t do a “cash-out” refinance.
- Instead of two separate closings for two loans, the rehab funds are lumped into a single escrow.
- The money can be used to update a home, handle safety issues or pay for a big ticket item you need (like a new paint job or a roof).
- Same rules apply in terms of appraisals, property values must be sufficient to make the loans and the buyer must have the means and credit eligibility to get the loans.
- Sorry, but investors are not eligible (including REO sales).

Agent Profile
Houses ARE selling! Buyers ARE motivated! Multiple offers in certain price ranges are not uncommon. If you would like to sell your home, please call me for your complimentary comparative market analysis. Think you would like to buy a home? Meet with me for an hour and I can help you explore your options.
