Portland Real Estate Blog

This is a top 100 real estate blog in the world according to Feedspot.com. In particular this is a Portland real estate blog written by a top 1% Portland real estate agent, Stephen FitzMaurice, Realtor. Stephen regularly reports on the Portland real estate market, including short sale and foreclosure news. He gives home selling and home buying tips. He also writes informative articles on Portland neighborhoods. Finally, he writes to inform the general public about real estate agents and the industry.

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real estate pending offers

Record-setting September for Pending Sales in Portland 2014

October 29, 2014

September brought cooler weather to the Portland area but it didn’t cool down the real estate market! Yes, this is a time of seasonal quieting for home buyers and sellers, but the year overall is proving to be a bright one for Portland real estate agents and their clients. A look at the latest RMLS Market Action Report shows why. Pending sales were the highlight of the report this month, rising a whopping 15% over last year’s. A pending sale is just that – pending. So what percentage of those sales make it to closing? When you compare the number of pending sales in September 2014, 2,551, to the number of closed sales that month, 2,378, you find that 93%...


real estate agent commission

Five Little Known Facts About Real Estate Agent Commission

October 16, 2014

Real estate agent commissions – an unavoidable, fixed cost of buying or selling a home, valuable only as incentive to real estate agents. Right? Wrong. Here are five little known facts about real estate agent commissions. 1. Real estate agent commissions typically come out of the proceeds of the sale of the home. Some people think of their real estate agent’s commission as a fee charged on top of the sales price. It’s not. Because most homes in the Portland real estate market and around the world are bought and sold using a real estate agent, market prices reflect the value of the home, real estate agent commission included. It’s not tacked on above and beyond the price the home...


portland home staging

Sell Your Portland Home Fast – Stage it!

October 7, 2014

Maybe you’re just putting your Portland home on the market and can’t wait to get it sold, or maybe your home has been sitting on the Portland real estate market too long. Hopefully, your Portland listing is in the hands of a good real estate agent with a great marketing plan (see ours here). But even then, there are things you can be doing to help move it along into the waiting hands of the right buyer. You might read a lot of things online about how to get your home sold, but they all boil down to two things: Lower the price or improve the value. If your home is priced fairly for your market (and your Portland real...


rmls portland

Portland Real Estate and the RMLS

September 29, 2014

You hear us mention the RMLS every other month on this blog, when we cover the Portland Market Action report. But what is RMLS, and what can they do for you, the Portland area real estate buyer or seller? RMLS stands for Regional Multiple Listing Service. Every region across the US has one, but RMLS is specific to Oregon and Southern Washington – and it’s the largest REALTOR®-owned multiple listing service in the Pacific Northwest. Multiple listing services were created so that real estate agents could quickly look up properties for sale in their area. Before Zillow, Craigslist and even the internet, the MLS was the original source for accurate information on listed homes. Before RMLS in Portland, this information...


portland realtor

REALTOR® – A Title You Can Trust

September 20, 2014

A few weeks ago, this blog covered the often-asked question, “How many real estate agents are there in Portland, Oregon”? The answer came from our local REALTOR® associations, whose memberships total nearly 7,000 – real estate agents as well as affiliates who work for title companies, home inspection agencies, banks, etc. But what is a REALTOR® association, and why is the term capitalized and used with the register symbol? The best definition is that REALTOR® associations create the difference between a licensed real estate agent and a REALTOR®. According to the Oregon Association of REALTORS® (OAR) website, “The Association is the REALTORS®’ real estate business advocate, a force for education, and a legislative advocate for free enterprise and private property...


real estate map

The Best Real Estate Map Search for Portland Homes

September 9, 2014

When you go for a road trip, you always bring a map, whether on paper or on your smartphone. You want a map that’s both easy to use and accurate, so that you arrive at your destination without getting lost or driving into a lake. Setting off on a journey to buy or sell a home in Portland? Maps are becoming a key online tool to not only find homes for sale but also to learn about market trends and neighborhood statistics. They display information visually and in layers, instead of as a list or block of text, so that it’s fast and easy to understand. Good maps make it easy to click-through to learn more information about a given...


Portland Green Home

5 Steps to Get Cash for Making your Portland Home Green

August 29, 2014

Are you putting your home up for sale on the Portland real estate market this fall? You may be looking around for low-cost improvements you can make to boost your home’s value. Or maybe you’re a new Portland home owner who felt the cold air seeping through your single-pane windows last winter and thought “Ouch, this is definitely hurting my heating bill.” You’re not alone. Ninety percent of home buyers these days are looking for energy-efficient homes, with features like good insulation and efficient appliances. Even in Portland’s relatively temperate climate, energy costs can be high.  Unfortunately, measures to reduce the amount of energy it takes to run your home can often be costly. Don’t let that stop you, though....


portland real estate agents

How many real estate agents are there in Portland, Oregon?

August 19, 2014

Ever wondered how many real estate agents there are in the fine city of Portland, Oregon? When you type “real estate agent Portland” into Google, you get over 9 million results. Although it may seem like there are 9 million real estate agents’ faces popping out from Portland’s bus stops, billboards and newspapers, in a metro area of only 2 million, there really can’t be that many. So how many, then? The short answer is – not as interesting as the long answer, so here it goes. One way to figure out how many real estate agents there are in Portland is to figure out how many licenses there are. Real estate license? Yes. To be a real estate agent...


real estate agent reviews

Real Estate Agent Review Sites – Top List

August 14, 2014

There are a number of places you can search for real estate agent and Realtor reviews. Below is a top list of places to check: Zillow.com. This is the number one real estate website in terms of online traffic and so a lot of real estate agents post their reviews on there. What is unusual about Zillow’s list of agent reviews is that the first page is randomly generated. So you can’t filter the search results by “most reviewed” or “highest rated” agents. You can search their real estate agent directory by most listings and by the most sales. However, the most sales category is deceiving, because there are some agents, for instance, in Eugene, OR, posting all their sales...


portland real estate market

Portland Real Estate Market: Economic growth drives home sales

July 31, 2014

Good news from the RMLS across the data fields for the month of June: The number of closed sales in the Portland real estate market is up over 4% from last year, the number of days on market continues to fall, and the average and median sales prices in Portland for June 2014 were both up nearly 9% from June 2013. In terms of pending sales, months of inventory and new listings, things are pretty much the same as last year, says the RMLS report. Nobody’s complaining: Portland’s real estate market is stronger than other metros across the country, and we remain a popular place to relocate to. Meanwhile, locals are moving up to bigger homes or building new. The...