Portland Real Estate Blog

This is a top 100 real estate blog in the world according to Feedspot.com. In particular, this is a local real estate blog written by a top 1% real estate agent in the U.S., Stephen FitzMaurice, Realtor. Stephen regularly reports on the greater Portland metro area’s real estate market including annual housing forecasts and best time to sell or buy a home reports. He gives home selling and home buying professional advice. He also writes informative articles on Portland neighborhoods and suburbs as they relate to the real estate market. Finally, he writes to inform the general public about real estate agents, such as annual average real estate agent commission reports and more.

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picking a mortgage lender

How to Pick a Mortgage Lender in Portland Oregon.

February 22, 2012

How do I pick a Mortgage Lender in Portland? There are three basic choices when you are ready to find a lender for your Portland home. 1. Brick and Mortar bank: This refers to a Wells Fargo, US Bank, Chase, etc. that has a local presence and services the public’s checking and savings and well as many of their loan options. 2. Credit Union: Similar to a brick and mortar bank, these banks provide all encompassing financial services, but they are non-profit institutions and tend to provide a higher rate of return for their members (instead of their stockholders). 3. Direct Lending Mortgage Company: These companies focus exclusively on real estate lending. They often have a physical location, but not necessarily (like...


loan modifcation

Portland Short Sale or Try for a Home Loan Modification?

February 8, 2012

This is a serious question for many Portland Oregon home owners who are underwater in their mortgages: Should I Short Sale my Home or Try for a Home Loan Modification? For your consideration, I will tell you a common and very sad experience I have regarding folks who try for Portland home loan modifications. Too many times, the bank has suggested that the Portland home owner stop making payments while proceeding with the modification. The modification then takes 6 months to over a year to process. At the end of that time the bank rejects their modification attempt and all of the sudden they get a notice that the bank is going to foreclose in a week or two! These...


portland market statistics

What sells in PDX: Short Sales, REOs, or Traditional Home Sales?

January 20, 2012

2011 Portland MLS market statistics. Foreclosures in Portland: In rough terms, nearly 100% of foreclosure properties in Portland, also known as REOs, sell in a 6 month period. If you are looking to buy or make an offer on a Portland foreclosure, know this: it won’t stick around for long. Banks do not take low ball offers, in general they sell the property site unseen. I have found banks will typically lower the sales price in Portland by 3% every 60 days or so. This means that they will eventually bring the foreclosure to a price that demands the market’s attention and gets the home sold in short order. It is common for a Portland foreclosure to sit for a...


Portland Home Staging Works

Home Staging in Portland. Does it work?

January 6, 2012

I often find people assume spending money on Portland home staging and professional photography is a waste of time and money. It is not for at least four reasons. First, the Portland market is completely online-driven these days. 94% of buyers find the home they are going to buy online. The number one reason homes sell online is good pictures. Staging sets the scene for just the right picture to peak the buyer’s interest and convince them to schedule an appointment to see the home. Second, unless the home is owned by someone with amazing artistic abilities, chances are a home staging professional is going to be able to improve the look of your home. Third, after homes are viewed online and...


zestimate accuracy

Zillow Zestimates, are they accurate?

December 26, 2011

These days many folks check out their home online, or a property they are looking to purchase, to find an estimate of value. Zillow provides these national in a format they copyrighted and call Zestimates. If you read the Zillow forums on Zestimates you’ll find a lot of angry home owners disputing the value. Recently I went to a seminar held by Zillow themselves to try to get an answer. Zestimates were the very first topic of discussion at the seminar, and from a Zillow representative I heard these words, “Zillow Zestimates are wrong by more than $30,000 dollars 30% of the time.” Now, most people will agree this is not an accurate enough figure to make any kind of...


Earth Advantage Broker

Earth Advantage Broker

December 19, 2011

Also called Sustainability Training for Accredited Real Estate Professionals (S.T.A.R) this designation comes straight from additional education earned from Earth Advantage Institute. The training focuses on green materials for new construction and remodeled homes accenting the lifestyle benefits, costs, and rewards. I earned this real estate agent designation in 2011. Let me use my experience as an Earth Advantage Broker in Portland to help you find your new home! See all of my twelve designations here. Stephen FitzMaurice, Realtor


Trulia Pro in Portland

Trulia Pro

December 19, 2011

Trulia gives out its PRO status to those agents who pay to feature their listings on Trulia.com. Currently the second most visited real estate website, it is crucial to feature your listings on Trulia. See my entire listing package here. In my opinion, Trulia is one of the friendliest websites to use, but I prefer my own Portland home search site to theirs (it is more accurate and even easier to use). I have a reviews on Trulia and Zillow.com and all of them on my website. Stephen FitzMaurice, Realtor See all of my twelve designations here.


zillow 5 star agents

Zillow 5 Star Agent, Premier Agent, & All-Star

December 19, 2011

Zillow loves to give out awards and I think I have them all! Zillow gives out rewards for helping out visitors to their site who ask questions (they used to, this feature has since disappeared) and also for contributing to their site – recording a lot of sales (they used to, this is also gone). Zillow gives out awards to agents who feature their listings on Zillow (Premier Zillow Agent), an important thing to do considering Zillow is currently the number one visited real estate website (again, they used to do it this way, but things have changed, keep reading). We are still able to get way more views on our client’s listings on Zillow than most of our competitors...


Certified Foreclosure Agent

Certified Foreclosure Agent

December 19, 2011

I’ve been successfully selling foreclosures in the Portland Metro area for years now. This designation represents additional education and certification, rewarding experience and professionalism in the foreclosure marketplace. Foreclosures are often the best deals you can find in Portland, Oregon. Let me help you find one today! Stephen FitzMaurice, Realtor See all of my twelve designations here.


Energy Trust of Oregon

Trade Ally of Energy Trust of Oregon

December 19, 2011

I recently received by Trade Ally designation from Energy Trust. Energy Trust is an independent nonprofit that helps people throughout Oregon save energy by providing cash incentives and creative solutions to home energy needs. I’m proud to be a partner with them! As a trade ally of Energy Trust of Oregon, I can tell you about energyefficient features and improvements for your home. It is possible to make any home “greener” and Energy Trust will give you money to help you make that happen!  Save up to 30% on energy costs with Energy Trust of Oregon cash incentives. Stephen FitzMaurice is Proud to be a: Energy Trust Trade Ally. See all of my twelve designations here.