Archive for April 28th, 2009

Our series of free classes will be held at the Lee Davies Real Estate Office, 9200 SW Barnes Rd., Portland. Space is limited so please contact us to reserve your seat.

Preparing Your Home to SELL
Monday, May 4, 2009 at 6:00pm
Where to start? Learn our proven step-by-step plan to prepare your home for sale. Our panel will help you create an individualized house preparation timeline, outline simple steps to eliminate potential problems, give suggestions about decluttering, cleaning, repairing, and staging your home for a successful Open house. We will also offer personal assistance with attendees unique selling problems. Whether you know you will be putting your house up for sale right away or whether you are just beginning to plan for a future date, this course can help you maximize your profit and reduce your stress!
Call 503.292.1500 to Reserve Your Seat or email us at info@leedavies.com

Real Estate Investing
Monday, May 18, 2009 at 6:00pm
For those interested in investing in real estate, this class will help you learn what to look for, how to find it and calculate your potential return, then, determine your best approach. Our panel of speakers for this class will provide you with tax, mortgage and property management information. In addition, the Lee Davies Real Estate Buyer Brokers will share their Investor’s Picks and offer the opportunity to join our Investors’ Club to have access to our weekly Investors’ Top 10 Picks.
Call 503.292.1500 to Reserve Your Seat or email us at info@leedavies.com

On April 23rd, Donald Trump, chairman and president of the Trump Organization, went on CNBC and stated, “It’s one of the best times to buy real estate.  It’s an amazing time to buy, this is the best time I’ve ever seen to buy both real estate and probably other things.  This is one of the great opportunities.”

We agree, with prices falling in some cases over 20% in the past two years and with interest rates now at 4.625% down from 6.5% (Over 28% decline), home buyers and investors now can buy 40% more house today, than they could have in 2007!  What is even more impressive is that the inventory of available homes to choose from has quadrupled from 3,000 homes in the Portland Metropolitan market to 12,000 available homes, giving buyers the ability to carefully shop and locate the ideal property and perhaps negotiate a substantial discount.

But Trump also said that banks are unwilling to lend money to their customers unless they are willing to consider purchasing foreclosed homes. “If you go to a bank and ask for a mortgage because you want to buy a [non-foreclosed] house they won’t give it to you,” he said. “The banks are not lending. Despite what they say, the banks are not lending.”

Wrong!  Why Mr. Trump would make such a statement baffles us at Lee Davies Real Estate.  Perhaps this is the case in his home states of New York and Florida, but it is far from the case here in Portland, Oregon, where Lee Davies Real Estate just celebrated a banner sales month in March.  Our clients are easily obtaining incredible financing and we are closing transactions!
To see the CNBC news clip go to: http://www.cnbc.com/id/30367055/site/14081545

It is truly amazing what buyers have before them today. Financing is readily available and buying power has skyrocketed due to the recent correction in real estate pricing.
Today, if you don’t have a 30 year fixed rate mortgage under 5.5%, you should look into this tremendous time to either re-finance or make the move. While your home’s value is down, so is everything else you would consider buying if you are remaining in the same marketplace.
Lee Davies Real Estate can help you access to these programs, along with many others, through our relationship with Brian Page and Jeanine Roe at Northwest Mortgage Group. Even during these difficult times, they have performed flawlessly providing our clientele with financing at these incredible rates. Call our office today and we will get you scheduled today for a pre-approval appointment.