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Leslie Jones
Principal Broker
    Years of Experience: 22

    GRI: Graduate, Realtors Institiute
    CDPE: Certified Distressed Property Expert
    Green: NAR Green Designation
    CIAS: Certified Investor Agent Specialist

Direct: 503-312-8038

Office: 503-287-8989



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RE/MAX equity group
237 NE Broadway
Portland, OR
503-287-8989


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Archive for June 2010

Portland Home Prices Rise

Wednesday, June 30th, 2010

This morning’s Oregonian article by Jeff Manning reports a slight  (1.8%) increase in Portland home prices for April, from the previous month.  Manning sites the S&P/Case Schiller home price index.  Keep in mind that closed sales in April were still operating under the federal tax credit for many homebuyers.  It is thought the impending expiration of the tax credit led to brisker than normal activity and may have driven home prices higher.  To qualify for the tax credit, homebuyers had to have a fully executed sales contract by April 30th.  While the House has approved an extension of the tax credit, it would only apply to those buyers already under contract, allowing them more time to actually complete their purchase.

Read the full article here

Limited Home Buyer Tax Credit Extension

Wednesday, June 30th, 2010
The House has passed a bill giving homebuyers an extra three months to complete their purchases and still qualify for a generous tax credit.  This bill applies only to folks who are already in contract on a purchase, but are needing more time to actually close the transaction.  It would give such purchasers until September 30th to get purchases finalized.  This limited extension could allow enough time for those waiting for lender approval on short sales, which would in turn further stabilize housing matkets.

The bill now goes to the Senate, where it is thought to have a good chance to pass.  Read the MSNBC article here:  Home Buyer Tax Credit Extension

Portland Sewer Information for Home Owners

Monday, June 28th, 2010

As a follow-up to my earlier post, here is a nice piece the City of Portland put together for Home Buyers and Home Owners.  I especially like where they enunciate how best to have a sewer line inspected, or scoped.  This can help home buyers get the most value from their home and sewer inspections:

http://www.portlandonline.com/bes/index.cfm?a=91840&c=50367

RE/MAX Balloon visits the Portland Area!

Saturday, June 26th, 2010

Morning balloon ride near Portland, Oregon

My friend Renee sent this over.  She woke up to this view this morning.  The RE/MAX Balloon (actually there are a few of them) really does exist.  It isn’t just a logo, but symbolizes much of what is different about RE/MAX.  RE/MAX is the most recognized name in real estate.  No one in the world sells more real estate that RE/MAX.  As a matter of fact, n the Portland area, RE/MAX also sells more real estate: Portland Market Share

Check out this fun Portland video.

Saturday, June 26th, 2010

YouTube Preview ImageThis video hits lots of my favorites about Portland.  Though I do notice it doesn’t show much or Portland’s rainy weather; those rainy days are some of my favorites.

Buried Oil Tanks in Oregon

Saturday, June 26th, 2010

Beginning January 1, 2009, the Department of Environmental Quality toughened their rules governing acceptable limits for specific heating oil contaminants, requiring soil removal on most sites where heating oil tanks have leaked.  How this differs from previous rules is that since 1999, contaminated soil from leaking heating oil tanks has been left in place around decommissioned tanks, following proper investigation and assessment.

What does this mean to the homeowner with a leaking heating oil tank to decommission?  Contaminated soil removal will be required at most properties with leaking tanks, in order to obtain the necessary DEQ site closure.  As a result, the cost of cleanups will increase for some sites and  disruption to yards and landscaping will increase.

If you buy property knowing that a tank is present and no work has been done to determine if it has leaked, you also become responsible for any leaks discovered in the future.  Contact me for referrals to reputable providers and visit the DEQ website for more information: http://tinyurl.com/oiltanks

Buried oil tanks and their decommissioning needs vary by the extent of the “release” or contamination and the particulars of the site.  Contact me for referrals to reputable providers and visit the DEQ website for more information:

http://tinyurl.com/oiltanks

Portland’s Aging Sewers

Friday, June 25th, 2010

 

In denial about your sewer connection?

Many of Portland’s older neighborhoods have been connected to the public sewer system for decades.  This is a good thing; far better than letting all that yuck seep into the ground water through cesspools and such.  But…those decades old sewer connections are quirky and starting to fail; secretly, underground, so we don’t know.  One of the many quirks is that back in the day, in order to save money and to increase efficiency, sewer lines were not run down every street and in front of every house.  Instead, some houses’ sewer connections were joined together before heading out to the city sewer main in the street.  Some sewer lines even cross a neighboring property to access the nearest sewer main.

Why does this matter?

A sewer connection can fail catastrophically; that is in one day, filling your basement with your know what.  Most often though, we see slower failures; plugged drains, sewer back ups only rarely etc.  And in most real estate transactions, buyers are having the sewer line “scoped” or filmed to see the condition.  Many sewer lines have minor issues and we hope the contractors performing these scopes are reasoned and not alarmist.  A sewer line with a slight crack can be serviceable for years to come.  But often the scopes do show more drastic damage indicating the need for prompt work.  Sewer scopes can also show issues on the city “side if the sewer line, and a good contractor can assist in getting the City of Portland out to do their work.

Here’s the rub

Portland’s Uniform Plumbing Code requires each property to have an independent connection and legal route of access to the public sewer.  The city will not approve new party sewer lines or repair of existing party sewer lines if a separate connection to the public sewer is feasible.  As a matter of fact, Portland City Code 1.33.105 requires that nonconforming sanitary sewer connections be abandoned within 180 days of city notification to affected property owners that individual and direct  sanitary sewer connections are available.

In plain English, once the City of Portland knows about your nonconforming sewer, you have 180 days to get it fixed. Here is one version of how this happens.  Your neighbor puts their house up for sale, and the prospective buyers have the sewer scoped.  The scope shows a party sewer and some reason for repair ( or maybe not, in this buyers’ market many buyers aren’t willing to buy a house with a party sewer as they don’t want the replacement liability down the road).   This means, your sewer will be effected.  The scope (excuse the pun) of the effect will vary with where the party sewer runs and on which property it runs.  So all of a sudden, you are drawn into the sewer project.  Aack!

Exceptions to this include existing party sewer connections that meet certain easement and agreement requirements, and areas where public sewer is not yet available.

What’s to be done?

Not a lot right now.  Existing plans and sewer maps don’t accurately depict the reality.  Sewer failures and sewer scopes provide the most accurate information.  Home sales trigger the bulk of sewer scopes and sewer line replacements, so be sure to chat with your neighbors to say abreast of their plans.

For more information on nonconforming sewer connections visit portlandonline.com.

Not the cheeriest information…

I know this isn’t high on anyone’s list of what to think about or fund with your savings.  And no, you don’t need to run out and replace your sewer today.  But I do think this is important information for homeowners and home buyers.  When you go to buy or sell, you’ll have some sense of the process and consequences.  And most of all, watch out for those neighbors who may be selling!

Why Move to Portland OR You Ask?

Monday, June 21st, 2010

So glad you have decided to move to Portland.  Our city and region are truly jewels in the Pacific Northwest.  Portland is a compact city; easy to navigate, with short driving times.  I get most anywhere in the city in 20 minutes.  Portland is an old city with fabulous established neighborhoods, regional traditions and an active arts community.    Neighborhoods vary greatly; offering a wide choice; quiet treed streets of older homes, vibrant urban core of shops restaurants and condominiums, artsy bungalows in walking distance to locally owned businesses and more.  With “big city” attractions such as the Portland Trail Blazers Basket Ball, Portland Timbers Soccer, The Oregon Zoo, World Forestry Center and multi-national companies such as Nike, Columbia Sportswear, Intel, the Portland area has much to offer.  In addition, the creative class has given rise to many start ups and innovative businesses.  Voodoo Doughnuts, the Church of Elvis,  the local food movement and neighborhood farmer’s markets give Portland its quirky, friendly hometown feel.

Oregon is an outdoors oriented State, and for good reason.  We’ve got it all, or almost; fabulous scenic coastline, dry powder skiing, lush old growth forests, high desert plateaus.  Golf, skiing, mountain biking, hiking, water skiing, cycling, horseback riding, kayaking, canoeing, kite flying, snowboarding, cross country skiing, skijoring, soccer, tennis, croquet, surfing, sea kayaking, bocce ball, lacrosse, basketball, baseball, kick ball, dodge ball, and on and on.  Most all of what is listed here in available within 2-3 hours of Portland.  Oh and don’t forget Mt St Helens, the quite active volcano, the Painted Hills, Columbia Gorge, Ashland Shakespeare Festival, Oregon Country Fair, Pickathon, Pendleton Roundup, Wallowa mountains, Mt Rainier, Mt Hood, Olympic National Park, Crater Lake and are in within a day’s drive.

Let’s get going and get you settled in Portland, so you can get out and have some fun.

Portland, OR is a Great Place to Live

Thursday, June 17th, 2010

Portland, Oregon blends the natural beauty of the Pacific Northwest with a dynamic downtown scene. Its population has been growing in recent years and Portland’s commercial planning has drawn many high-tech companies to the city. Portland is a thriving city and a great place to live, work, and explore.

The largest city in Oregon, Portland is considered to be the greenest city in the United States and perhaps one of the greenest in the world (second only to Reykjavik, Iceland in 2007). Portland’s environmental honors come in part from its solid public transportation system and many parks and open spaces. Of particular note is the Pearl District, a thriving mixed-use community that is internationally recognized as a prime example of urban renewal.

There’s plenty to see and do in Portland. It is home to many exceptional microbreweries and has been called the best city in the United States for breweries and brew pubs. Portland is also home to many excellent coffee shops, perhaps second only to Seattle in its love for good coffee. The downtown area is home to great shopping options and many restaurants. In 2007,the Food Network named Portland their “Delicious Destination of the Year” for its growing food scene.

Portland has also been nicknamed “The City of Roses” for its many gardens, including the International Rose Test Garden. It is home to the Oregon Zoo and many other family-friendly destinations. The Portland Saturday Market is a famous outdoor arts and crafts market that is worth checking out.

Market Recap

  • Avg. Sales Price: $276,800

  • Avg. Days on Market: 165

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