More Random Tips:

Disclose, Disclose, Disclose!

Once upon a time there was a transaction wherein the Realtor representing the Buyer noticed some abnormalities in the Seller’s answers to questions on the Disclosures.  FYI, when you are selling a home, the best and only rule is “Disclose, disclose, disclose!”.  In this situation, the Seller, who had lived in the house for some time, seemed to have excellent knowledge of some things and no knowledge at all of things such as whether the roof had leaked while he/she lived there, whether there were any drainage problems on the property, and whether the main systems of the house were in good working order.  A quick call to the Seller’s agent resulted in answers forthcoming that the Seller had not experienced any leaking from the roof, nor noticed any drainage problems, and that the systems were all working just fine.  I think Seller’s get nervous when filling out these disclosures as they can seem like being asked to air your dirty laundry.  Disclosures, however, are really important to the Seller and the Buyer alike.  Basically, you just want to look at each question and answer to the best of your ability and knowledge.  Sometimes an “N/A” is in order.  Sometimes a “Yes” or a “No” is really called for, and sometimes an “Unknown” is absolutely fine.  If you are a  Seller and fail to disclose something about the property, and it becomes apparent after closing, you could possibly be liable for misrepresenting on your Disclosures… even if it was just a slip of the pen or a spat of bad memory.  It’s much better to just let it all hang out, and your Buyers will appreciate your obvious candor.  A Buyer feels much more comfortable seeing a few dings on the disclosures than they do wondering at odd answers or obvious misstatements… such as that all work was done with permits when the naked eye can tell that some was not.  Again, sometimes you have to take a moment to remember… especially if you’ve lived in a home for a long time.   So anyhoo, better just to lay it all out there.  Calms everyone right down, protects you as the Seller & sets the tone for a good transaction.

Oil Tanks & the DEQ

Speaking of instructional situations…  Make sure that when you are purchasing or selling a home whose heating system has been updated at some point, you check to find out if there was ever an underground oil tank on the property.  Dianne and I have written posts on this in the past and you can find them in the archives here, but it is very important to find out 1) If one was/is on the property, 2) If so, was it decommissioned?, and 3) If it was decommissioned, was a DEQ Certificate obtained?  (You can call DEQ, give them your address, and find out pretty quickly.) This last question is the kicker, and I find that people are confused about it.  If you are a Seller and bought your home with the understanding that it had an oil tank that was decommissioned, but you did not find out if there was a DEQ Certificate and there is NOT one… You will most certainly be required to provide one before closing (Your Buyer does not want to inherit this situation for themselves for when they sell in the future).  This involves calling a DEQ-licensed Environmental Services provider.  The process includes locating the underground tank, taking soil samples, checking the decommission job if one was done, and verifying that it was done to DEQ standards.  If all this checks out, you can get yourself a DEQ Certificate to pass on to your Buyer.  So… better to check this out before putting your property on the market rather than getting surprised during a transaction.  And Buyers… remember to ask your Realtor about this for more clarification.

Feel free to call Dianne or myself any time for more information on any of the tidbits we provide.  We love to help our Property Blotter readers and clients!  Hope this was helpful to you today.

Very Best,

Linda

Lake Oswego Market Activity ~ August 17 – 23, 2009

Last week Lake Oswego saw 12 New properties hit the market, while 10 went Pending and 15 Sold.

All over we are seeing the typical house-buying frenzy that usually occurs before the start of a new school year.  Notably, we are also seeing an uptick in sales over last year as pointed out in the lastest RMLS Market Action Report (see my report from last Wednesday). Feel free to give Dianne or myself a call if you’re out there a part of it, and need some help.

Gotta go! Dianne and I are touring LO Houses today. Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (August 17—August 23, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
12 POLONIUS ST $262,300 4 2.1 3,066 DETACHD 8/20/2009
16573 BONAIRE AVE $284,900 4 2 1,560 DETACHD 8/20/2009
113 KINGSGATE RD $309,000 3 2 1,538 DETACHD 8/21/2009
5077 W SUNSET DR $349,900 2 2.1 1,720 ATTACHD 8/23/2009
4505 WILDWOOD ST $369,900 3 2 1,720 DETACHD 8/17/2009
18238 TERRY AVE $415,000 3 2.1 1,604 DETACHD 8/23/2009
31 BECKET ST $429,800 3 2.1 2,365 DETACHD 8/21/2009
3560 TEMPEST DR $449,900 3 2.1 2,847 DETACHD 8/21/2009
1820 KILKENNY DR $588,000 4 3 3,040 DETACHD 8/23/2009
18125 WESTMINSTER DR $759,000 4 3.1 3,969 DETACHD 8/18/2009
4190 CHAD DR $929,000 4 3.1 3,876 DETACHD 8/19/2009
18143 SIENA DR $1,197,000 5 4.1 4,152 DETACHD 8/17/2009

PENDING SALES (August 17 -August 23, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type List Date CDOM
188 OSWEGO SMT $187,500 2 2 1,383 CONDO 7/23/2009 62
4749 FIRWOOD RD $229,900 3 1.1 1,440 DETACHD 8/4/2009 13
6137 CHILDS RD $240,000 3 1 946 DETACHD 8/7/2009 10
10 CONDOLEA DR $250,000 2 2 1,312 ATTACHD 6/25/2009 371
17100 BRYANT RD $287,900 3 3 2,032 DETACHD 7/31/2009 18
4722 HASTINGS PL $489,900 4 2.1 2,151 DETACHD 8/14/2009 505
6110 CHILDS RD $499,000 4 3 3,258 DETACHD 4/1/2009 138
301 IRON MOUNTAIN BLVD $999,000 4 3.2 3,004 DETACHD 4/14/2009 125
100 GARIBALDI ST $999,900 5 3.2 4,669 DETACHD 7/1/2009 334
128 NORTHSHORE CIR $1,479,000 3 3.1 3,550 DETACHD 5/16/2009 764

SOLD (August 17-August 23, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Sale Price # Beds # Baths Total SF Prop Type CDOM
4 TOUCHSTONE DR $141,750 $133,500 3 2.1 1,351 CONDO 170
86 KINGSGATE RD $149,900 $135,000 2 2 849 CONDO 64
4 TOUCHSTONE DR $153,900 $155,900 3 2.1 1,350 CONDO 121
276 CERVANTES $183,000 $174,000 3 2 1,209 CONDO 27
12822 BOONES FERRY RD $234,900 $217,500 2 2.1 1,136 CONDO 25
1140 HALLINAN CT $339,895 $329,950 3 2 1,875 DETACHD 127
11 CELLINI CT $599,950 $565,000 5 3 3,392 DETACHD 76
5709 CHARLES CIR $593,500 $587,500 4 2.1 3,060 DETACHD 9
706 MCVEY AVE $949,000 $780,000 3 2 2,000 DETACHD 391
17251 CEDAR RD $899,900 $850,000 3 3.1 3,175 DETACHD 637
17814 MARYLCREEK DR $985,000 $850,000 4 3.1 4,307 DETACHD 56
950 OAK TER $1,220,000 $947,500 4 2.1 3,714 DETACHD 595
2625 SUMMIT DR $1,337,500 $1,079,975 4 3.1 4,212 DETACHD 72
17334 BERGIS FARM DR $1,737,000 $1,200,000 5 4.1 5,654 DETACHD 335
2500 GLEN EAGLES RD $2,275,000 $2,025,000 5 4.1 5,565 DETACHD 431

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Lake Oswego Open Houses ~ Sunday, August 23, 2009

There are 22 great properties being held Open on Sunday according to RMLS. Enjoy your tour of homes & feel free to call Dianne or myself if you need a little help! Here you go:

Address L/Price Bdrms Total Bath Total SF Open
343 5TH ST $279,999 2 1 910 1-3 PM
16573 BONAIRE AVE $284,900 4 2 1560 1-4 PM
16443 LAKE FOREST BLVD $345,000 3 2 1474 1-3 PM
2161 CREST DR $417,500 4 2.1 2648 11:45-2:30 PM
17221 ROBB PL $427,500 3 2 1812 1-4 PM
138 KINGSGATE RD $435,000 3 2.1 1600 12 -2 PM
5644 WINDFIELD LOOP $450,000 3 3 1800 1-3 PM
3254 DUNCAN DR $509,900 4 3.1 3997 2-4 PM
4908 MULHOLLAND DR $549,900 3 2.1 2498 1-3 PM
4691 CHELSEA LN $564,900 4 2.1 3102 1-3 PM
3030 WESTVIEW CT $849,000 4 2.1 3415 1:30-3:30 PM
2300 SW CHILDS RD $899,000 4 2 3183 1-3 PM
14480 KRUSE OAKS BLVD $995,000 4 3.1 4661 2-4 PM
1225 LAKE GARDEN CT $995,000 4 3.2 3558 1-3 PM
18246 BELLA TERRA DR $1,294,000 4 3.1 4052 1-4 PM
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 2-4 PM
622 OAK MEADOW DR $1,325,000 4 3.1 4171 2-4 PM
664 OAK MEADOW DR $1,355,000 4 3.1 4198 2-4 PM
18110 Siena DR $1,394,000 4 3.1 4311 1-4 PM
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 2-4 PM
17364 RIDGEVIEW CT $1,425,000 4 3.1 4436 2-4 PM
17433 RIDGEVIEW LN $1,495,000 4 4.1 4704 2-4 PM

Summer Real Estate Tidbits

  • DucksAccording to the latest Market Action Report for the Portland area “Closed sales in the Portland metro area for July 2009 eclipsed last July’s total by 8.6%, marking the first time same-month closed sales have increased since April 2007.  Pending sales also grew 8.3%.  New listings dropped 25.4% .  Comparing July 2009 with June 2009, closed sales increased 11.9% (1,988 v. 1,776) and pending sales were up a slight 0.3% (2,170 v. 2,164). New listings fell 8.2% (3,907 v. 4,257).”
  • RMLS now offers a “Short Sale” search field for Agents to search using this criteria.  It seems as though Agents are slow to be updating their listings to reflect this, but once all records are updated, this should be a helpful tool.
  • Amtrak may soon be cruising through Lake Oswego if feasibility and other studies yield positive results. The opportunity has come about as a direct result of avaiable funds from the 2009 American Recovery and Reinvestment Act, which has earmarked $8 billion for high-speed rail.  It appears that going this route would be less expensive than repairing the line AMTRAK is currently using, which takes it through Oregon City.  The benefits also reportedly include projected increased ridership, increased timliness, and reduced carbon emissions. This change would replace the Oregon City stop with one in Tualatin.  ODOT has decided to apply for the funds to do a 2-year Environmental Impact Study.
  • The NW Natural 2009 Street of Dreams is underway, running from August 1 – 30.  This year is a little different than most in that it showcases four premier condo home developments in Portland’s “Pearl District”, including nine incredible penthouses ranging in price ffrom $1 to $2.5 million.  This year also focuses on LEED standard and eco-friendly building.  Check it out and buy your tickets at: http://www.streetofdreamspdx.com/home/home.php
  • Lake Oswego is in the middle of discussions with citizens regarding proposed “Sensitive Lands” changes.  To learn more about sensitive lands & view an FAQ page on this subject, visit: http://www.ci.oswego.or.us/plan/Nature/FAQ_Handout_080609.pdf Opinions run the gamut and there is currently lively debate on all sides.

Lake Oswego Market Activity ~ August 3 – 9, 2009

Last week Lake Oswego saw 15 New properties hit the market, while 12 went Pending and 9 Sold.

Of the 9 that sold, 7 were under $500,000. 7 of the 12 Pending sales were also priced under $500,000. While, of the 15 coming on the market fresh, 5 are priced under $500,000.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (August 3—August 9, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
4749 FIRWOOD RD $229,900 3 1.1 1,440 DETACHD 8/4/2009
6137 CHILDS RD $240,000 3 1 946 DETACHD 8/7/2009
5424 WASHINGTON CT $299,900 2 1 1,296 DETACHD 8/6/2009
3290 WEMBLEY PARK RD $309,900 5 3 2,614 DETACHD 8/5/2009
8 BUCKINGHAM TER $465,000 4 2.1 3,186 DETACHD 8/7/2009
676 9TH ST $525,000 2 1 1,850 DETACHD 8/6/2009
644 7TH ST $530,000 3 2.1 1,658 DETACHD 8/7/2009
1570 WOODLAND TER $569,500 3 2.1 2,212 DETACHD 8/3/2009
17479 BROOKHURST DR $699,000 4 2.1 3,551 DETACHD 8/6/2009
4380 UPPER DR $784,900 4 4.1 4,071 DETACHD 8/5/2009
16705 GLENWOOD CT $799,000 4 3 4,243 DETACHD 8/9/2009
5459 WESTFIELD CT $875,000 5 3.1 3,670 DETACHD 8/3/2009
1920 GLENMORRIE DR $995,000 3 3.1 4,284 DETACHD 8/7/2009
3136 DOUGLAS CIR $1,125,000 4 3.1 4,022 DETACHD 8/5/2009
1101 Crestline CT $3,995,000 4 4.3 7,226 DETACHD 8/7/2009

PENDING SALES (August 3-August 9, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type CDOM
45 EAGLE CREST DR $139,900 1 1 768 CONDO 78
23 MOUNTAIN CIR $285,000 2 2 1,300 DETACHD 17
4090 WESTBAY RD $299,900 2 1 917 DETACHD 34
17860 Sundown CT $310,000 4 3.1 3,480 DETACHD 136
13024 ROGERS RD $369,900 4 1 1,826 DETACHD 83
802 SUNNY HILL DR $429,000 4 2.1 2,508 DETACHD 16
5807 RIDGETOP CT $479,900 4 2.1 2,650 DETACHD 15
6 NORTHVIEW CT $500,000 4 3.1 3,188 ATTACHD 115
745 4TH ST $500,000 3 2 2,662 DETACHD 206
20 DA VINCI ST $599,900 5 3 3,089 DETACHD 25
4305 UPPER DR $749,000 4 2.1 3,474 DETACHD 78
16359 CHAPIN WAY $1,289,000 4 3.1 4,158 DETACHD 404

SOLD (August 3-August 9, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
82 GREENRIDGE CT $249,900 $218,000 3 2.1 2,868 CONDO 79
2071 BONNIEBRAE DR $295,000 $279,900 3 2 1,611 CONDO 392
15265 BOONES WAY $349,900 $338,500 2 2.1 1,560 ATTACHD 46
108 RIDGEWAY RD $499,000 $379,000 3 1 1,468 DETACHD 112
16919 LAKERIDGE DR $425,000 $400,000 4 3 2,710 DETACHD 295
2802 GREENTREE RD $449,500 $449,500 3 2.1 2,280 DETACHD 3
15195 LILY BAY CT $524,900 $730,000 4 2.1 4,099 DETACHD 163
320 CHANDLER PL $1,900,000 $1,800,000 5 3.1 4,675 DETACHD 38
2793 POPLAR WAY $2,395,000 $1,825,000 5 5.1 6,300 DETACHD 1290

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Lake Oswego Open Houses ~ Sunday, August 9, 2009

We’ve got 36 properties to see in Lake Oswego on Sunday.

Here are those that will be held open according to RMLS:

Address L/Price # Beds # Baths Total SF Open
45 OSWEGO Summit $129,900 1 1 764 1-4 PM
65 OSWEGO SMT $169,900 2 2 1140 1-4 PM
141 OSWEGO SMT $169,900 2 2 1140 1-4 PM
11 OSWEGO SMT $179,900 2 2 1212 1-4 PM
109 OSWEGO SMT $179,900 2 2 1212 1-4 PM
3433 MCNARY PKWY #401 $199,950 2 2.1 1208 12 – 4 PM
166 OSWEGO SMT $229,900 2 2 1506 1-4 PM
4465 GOLDEN LN $249,000 2 2.1 1980 1-4 PM
150 KINGSGATE RD $324,900 3 2 1502 11-1 PM
5 ORIOLE LN $387,000 3 2.5 2024 1-3 PM
1531 WOODLAND TER $429,000 3 2.1 1895 1-4 PM
3745 TEMPEST DR $479,500 4 3 2573 12-2PM
2405 Dellwood DR $505,000 5 3 2336 11-2 PM
14371 SHERBROOK PL $509,900 3 2.1 2550 3-5 PM
340 8TH ST $535,000 3 2 1992 12-2 PM
11 MORNINGVIEW CIR $547,000 3 2.1 2921 1-3 PM
24 INDEPENDENCE AVE $549,950 6 3.1 3561 1-3 PM
475 10TH ST $593,950 4 2.1 2932 1-3 PM
38 DA VINCI ST $649,000 4 2.1 2932 12 – 4 PM
4380 UPPER DR $784,900 4 4.1 4071 11-2 PM
1836 PALISADES LAKE CT $795,000 5 3 4251 2-4 PM
2886 UPPER DR $797,000 3 2 2674 1-3 PM
18132 WESTVIEW RD $849,000 4 3.1 3871 11-2 PM
3030 WESTVIEW CT $874,000 4 2.1 3415 1:30-3:30 PM
1785 PALISADES TERRACE DR $879,000 5 4.1 5052 2-4 PM
17878 HILLSIDE DR $895,000 5 3 3462 1-3 PM
16461 CHAPIN WAY $947,500 4 2.1 4271 1-3 PM
1839 PALISADES LAKE CT $985,000 4 3.1 4570 2-4 PM
17464 RIDGEVIEW LN $1,298,950 4 3.1 4407 2-4 PM
622 OAK MEADOW DR $1,325,000 4 3.1 4171 2-4 PM
664 OAK MEADOW DR $1,355,000 4 3.1 4198 2-4 PM
18110 Siena DR $1,394,000 4 3.1 4311 2-4 PM
657 OAK MEADOW DR. $1,395,000 4 3.1 4371 2-4 PM
17433 RIDGEVIEW LN $1,495,000 4 4.1 4704 2-4 PM
18024 SKYLAND CIR $1,699,000 4 3.2 4131 2-4 PM
1835 PALISADES TERRACE DR $1,899,500 4 3 3380 2:30-4:30 PM

Insulation Anyone?

Insulation 1-1So…. you’re moving, or getting ready to sell, or in the middle of a home inspection on either end of the transaction.  One of the myriad things that may cross your path is the issue of insulation.  Some homes have it, some don’t.  Some have it in the walls but nowhere else, some have it in the floors and ceilings.  A lot depends on the era of the home and whether and how much updating has been done.   If you are selling your home and your home has insulation, say underneath, that has been damaged (squirrels, etc), you may be asked to repair or replace it.  If you have an older home with blown-in insulation in the attic, you may want to know what the material consists of.  If you are buying a home without insulation in the walls, you may be wanting to add some after the purchase is complete.   Here are some hopefully helpful tidbits on insulation:

  • Insulation is one of the lowest-cost options for improving energy efficiency (saving money : )  You can reduce your heating and cooling needs by up to 30% just by investing a few hundred dollars in insulation and weatherization products.
  • Should you insulate your home? Well, only 20% of homes built before 1980 are said to be well insulated, so you may want to investigate whether yours fits into this category.
  • How does insulation work?  Heat moves naturally from a warmer to a cooler space. So, in winter, it is trying to move to the outdoors through walls, ceilings, floors etc.  In the summer, the hot air outside is trying to make it indoors.
  • Insulation comes in a variety of forms:  in blankets, in batts, bagged & pour-ready, and “blown-in” material.
  • An important consideration when choosing a form of insulation is flammability. Keep insulation at least 3 inches from light fixture wiring and other heat-producing equipment unless it is marked “IC” allowing for direct insulation contact.
  • Insulation is made of either:
  1. “Mineral Wool” (which includes rock & fibrous glass).  These can be blown-in or purchased in blankets or batts with foil or paper vapor barrier.  Rock Wool can also be purchased in bagged form.  *This material is inherently non-flammable, but the products that have paper vapor barrier attached may be flammable.
  2. “Plastic Foam Resin” (made of polystyrene, polyurethane, or urea formaldehyde).  It can be purchased in sheets or bolts, or a contractor may spray the foam in place. *These products are generally not ‘Fire-Proof”, but check to find out whether the product you are using is “Flame Retardant”, “Flame Resistant” or neither.  Also ask about the ignition temperature… depending on the area in which you live, and other factors, some products, when approaching high ignition temperatures, can emit toxic gases.  Additionally, polystyrene and polyurethane cannot be used safely unless enclosed in a flame and heat-resistant material such as gypsum board.
  3. “Cellulose Insulation” (made of finely ground cellulose such as recycled newspaper).  This can be blown in place. *Flame-retardant chemicals are usually added to reduce flammability. One thing to ask about is the type of chemical that may be part of this product as the use, for instance, of too much sulfate can cause potential corrosion of pipes and other metal material.

(NOTE: Bottom line, talk to your contractor or supplier to discuss which type of insulation is right for your home in whatever location and for whatever use you are employing it.  This is ONLY meant as a primer to give you a better understanding of your options.)

  • The US Dept of Energy (DOE) measures insulation in R-Values, which are different for different areas of the country, and dependent on weather & temperature variations etc.  Here is a link that will take you to a map allowing you to find your particular area & check the recommended R-Values:        http://www.naima.org/pages/resources/library/pdf/BI487.PDF
  • When using fiberglass insulation remember that “looser is better”. Tightly packed fiberglass reduces the R-Value.
  • Do not block vents with insulation.
  • Use high density insulation such as rigid foam boards on areas such as cathedral ceilings and exterior walls.
  • Contrary to popular belief, when installing fiberglass insulation under the flooring in a crawlspace, you attach the paper or foil vapor barrier toward the heated area, not YOU.  Secure with rope or wire. Also, remember to insulate piping and ducting if you are opting for insulating under the floor. (NOTE: Consult your contractor or supplier as there are different ways of insulating a crawlspace depending on whether it is vented or un-vented.)
  • When installing this fiberglass insulation w/backing in walls under construction you will again face the backing material toward the heated space… so this time it will be facing YOU.
  • When insulating walls in already-built homes lacking it, you will again want to consult with a contractor as there are varying opinions about whether to blow in insulation or not.  Should you decide to do this, it is generally done through holes punched in the walls from the exterior of the home, and obviously is the material is blowin-in insulation of the kind you and your contractor have agreed-upon.
  • It is amazing how much energy can be saved by insulating around doors and windows (Having energy-efficient doors and windows also obviously helps too).  Usually you are using a foam insulation here that can be applied directly into any cracks & openings.
  • There is a lot of talk about the environmental pluses and minuses of insulating.  Obviously saving energy use is good for the planet, AND it can be argued that insulating too much creates an environment where a house cannot breathe, and the potential for toxic buildup inside the home of various substances can exist. Here are several links to more information on this issue so that you can decide for yourself : http://www.utilitybillbusters.com/articles/do-it-yourself-projects/hidden-dangers-of-home-repairs-over-insulating-and-weatherproofing/ ,   http://www.greenhomebuilding.com/QandA/natural/insulation.htmhttp://www.greenfootsteps.com/best-insulation-for-homes.html , http://www.ehow.com/how_5197129_install-fiber-insulation-attic-walls.html
  • Here is a link to the DOE’s fact sheet and other helpful information regarding insulation and energy-efficiency: http://www.ornl.gov/sci/roofs+walls/insulation/ins_01.html

I hope this information has proven helpful to you in your individual situation.  Obviously this is a large subject, and so maybe we’ll cover some specific issues in the future.  Feel free to comment and add your own information, and/or request information directly relating to your needs.

Market Activity Report ~ July 20 – 26 2009

Now we’re cookin’… in more ways than one!  Last week Lake Oswego saw 25 New properties hit the market, while 15 went Pending and 15 Sold.

Here is the latest market activity for Lake Oswego (see below the tables for additional notes):

NEWLY LISTED (July 20—July 26, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
LIST DATE
Address List Price # Beds # Baths Total SF Prop Type List Date
7202 SW MONTAUK CIR $99,900 2 1 968 CONDO 7/23/2009
45 EAGLE CREST DR $199,000 3 2 1,348 CONDO 7/20/2009
1889 BOCA RATAN DR $229,900 3 2 1,393 ATTACHD 7/20/2009
4610 LAMONT WAY $299,900 3 2 1,750 DETACHD 7/20/2009
595 6TH ST $349,900 3 2 893 DETACHD 7/23/2009
18407 DEER OAK CIR $365,000 4 2 1,812 DETACHD 7/23/2009
17501 HILL WAY $369,900 3 2 1,694 DETACHD 7/23/2009
1520 LABURNUM WAY $419,000 4 2 1,724 DETACHD 7/23/2009
36 NOVA CT $425,000 4 2.1 2,256 DETACHD 7/25/2009
802 SUNNY HILL DR $429,000 4 2.1 2,508 DETACHD 7/20/2009
5 FALSTAFF ST $430,650 4 2.1 2,433 DETACHD 7/23/2009
14 MONTICELLO DR $434,500 4 2 2,766 DETACHD 7/20/2009
5044 GREENSBOROUGH CT $449,000 4 2.1 2,124 DETACHD 7/25/2009
566 5TH ST $459,000 3 2 2,177 DETACHD 7/20/2009
3355 UPPER DR $470,000 4 2 3,205 DETACHD 7/22/2009
5587 CARMAN DR $519,000 4 3.1 2,617 DETACHD 7/24/2009
24 INDEPENDENCE AVE $549,950 6 3.1 3,561 DETACHD 7/23/2009
14867 TWIN FIR CT $579,000 6 3.1 3,641 DETACHD 7/25/2009
14175 TAYLORS CREST LN $649,900 3 3 3,250 DETACHD 7/23/2009
13504 STREAMSIDE DR $679,000 4 2.1 3,467 DETACHD 7/21/2009
12748 SW 22ND AVE $699,000 3 2.1 3,052 DETACHD 7/22/2009
363 Sixth ST $699,900 3 3.1 2,258 ATTACHD 7/22/2009
135 FURNACE ST $709,900 2 2.1 1,927 CONDO 7/22/2009
1876 PALISADES LAKE CT $779,900 3 2.1 3,178 DETACHD 7/20/2009
5587 CARMAN DR $850,000 4 3.1 2,617 DETACHD 7/24/2009

PENDING SALES (July 20-July 26, 2009)

ADDRESS
LIST PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address List Price # Beds # Baths Total SF Prop Type CDOM
86 KINGSGATE RD $139,900 2 2 849 CONDO 419
668 MCVEY AVE $249,850 3 1.1 985 CONDO 982
17570 MARDEE AVE $264,900 3 1 1,050 DETACHD 47
805 SW COUNTRY CLUB RD $279,900 3 2 1,981 DETACHD 10
5318 RED LEAF ST $309,950 3 2 1,460 DETACHD 4
705 ELLIS AVE $374,500 3 2.1 1,872 DETACHD 366
20 HOTSPUR ST $425,000 4 2.1 2,456 DETACHD 5
11 CELLINI CT $569,950 5 3 3,392 DETACHD 76
2130 HILLSIDE CT $675,000 5 2.2 3,954 DETACHD 8
17386 BLUE HERON RD $679,000 4 3.1 4,063 DETACHD 796
799 COUNTRY CLUB RD $700,000 6 2.1 4,410 DETACHD 742
645 COUNTRY CLUB RD $769,000 4 2.1 3,262 DETACHD 175
950 OAK TER $999,950 4 2.1 3,714 DETACHD 595
17178 CEDAR RD $1,095,000 5 3.1 4,209 DETACHD 92
2625 SUMMIT DR $1,289,900 4 3.1 4,212 DETACHD 72

SOLD (July 20-July 26, 2009)

ADDRESS ORIG. PRICE SALE PRICE
TOT. BEDS
TOT. BATHS
TOT. SQ FT
PROP TYPE
DOM
Address O/Price Close Price # Beds # Baths Total SF Prop Type CDOM
44 EAGLE CREST DR $165,000 $162,000 3 2 1,085 CONDO 20
3876 BOTTICELLI ST $169,900 $165,000 2 2 1,275 ATTACHD 202
4705 LAKEVIEW BLVD $425,000 $200,000 3 0.1 1,208 DETACHD 143
1897 BOCA RATAN DR $249,480 $221,500 3 2.1 1,739 ATTACHD 77
6025 SW CARMAN DR $299,900 $238,900 3 1.1 1,346 DETACHD 86
4325 COUNTRY WOODS CT $334,900 $285,000 3 2 1,346 DETACHD 40
907 BULLOCK ST $369,950 $313,800 4 2 2,020 DETACHD 125
1695 MEADOWS DR $407,500 $320,000 4 3 2,185 DETACHD 396
15 MASARYK ST $349,900 $349,900 3 3 3,680 DETACHD 131
131 WILBUR ST $450,000 $350,000 2 2 1,312 DETACHD 106
14371 HOLLY SPRINGS RD $414,900 $385,500 4 2.1 1,939 DETACHD 354
762 LAKE FOREST DR $412,125 $412,000 4 3 1,970 DETACHD 9
14232 MEADOW GRASS ST $530,000 $495,000 4 3 2,965 DETACHD 298
17090 FERNWOOD DR $949,900 $730,000 4 3.1 3,998 DETACHD 302
1340 CHERRY LN $1,950,000 $1,200,000 4 4.1 5,795 DETACHD 445

Criteria: Homes in the 97034 and 97035 zip code, listed, pending or sold between the dates listed above as reported by the Regional Multiple Listing Service (RMLS). DETACHD refers to Single Family Detached Residence, MFG refers to manufactured housing, and ATTACHD refers to single-family residences with some portion of the structure attached to another property, but not constituting CONDO ownership. DOM stands for days on market, or the number of days from when the listing became active and when it received an acceptable offer, with CDOM standing for “cumulative days on market” accounting for “refreshed” listings.

Lake Oswego Open Houses ~ Sunday, July 26, 2009

We’ve got 23 properties to see in Lake Oswego on Sunday.  This time out we are nearly half & half under & at/over a million.

Get out there and enjoy this glorious Sunday in Lake Oswego!  Dianne and I are here to help if you need assistance & are not already working with a Realtor.

Here are those that will be held open according to RMLS:

4000 Carman Dr #47   $181,900  2 Bd, 2  Ba Open 1-3

4433 Thunder Vista Ln $275,000  2 Bd, 2  1/2  Ba Open 12-2

5318 Red Leaf  St  $309,950 3 Bd, 2  Ba Open 1-3

655 Hemlock St  $314,900 3 Bd, 1  1/2 Ba Open 3-5

17501 Hill Way  $369,900 3 Bd, 2 Ba Open 1-4

1023 Lund St  $399,000 4 Bd,  2  1/2 Ba Open 1-4

3 Cellini Ct  $429,000 4 Bd, 2  1/2 Ba Open 1-4

1565 Bedford Ct $429,000 2 Bd, 2  Ba Open 1-4

2802 Greentree Rd $449,500  3 Bd 2  1/2 Ba Open 12-3

566 5th St  $459,000 3 Bd, 2 Ba Open 1-4

13342 Auburn Ct  $489,900 3 Bd, 2  1/2 Ba Open 2-4

5830 Sunbrook Dr. $549,000 5 Bd, 2 1/2 Ba Open 12-2

220 Greenwood Rd $749,900 3 Bd, 4 Ba   Open 1-3

17537 Cardinal Dr  $995,000 5 Bd, 4 Ba Open 1-3

3270 Lakeview Blvd  $1,275,000 3 Bd, 3 Ba Open 1-3

17464 Ridgeview Ln $1,298,950 4 Bd, 3  1/2 Ba Open 2-4

622 Oak Meadow Dr  $1,325,000 4 Bd, 3 1/2Ba Open 2-4

664 Oak Meadow Dr  $1,355,000 4 Bd, 3  1/2 Ba Open 2-4

18110 Siena Dr  $1,394,000 4 Bd, 3  1/2 Ba Open 1-3

657 Oak Meadow Dr $1,395,000 4 Bd, 3 1/2 Ba Open 2-4

17364 Ridgeview Ct  $1,425,000 4 Bd, 3 1/2 Ba Open 2-4

17433 Ridgeview Ln  $1,495,000 4 Bd, 4  1/2 Ba Open 2-4

1835 Palisasdes Terrace Dr  $1,899,500 4 Bd, 3 Ba Open 1-3

Running, Running, and….. Running Jokes : )

Free Clipart Picture of a Happy StarI was going to write this spectacular post on insulation today… but I am too busy with, well… Real Estate!  Nose to the grindstone & all that… but that made me think, Hey! We all need a little time out for laughter, so please accept my modest “jokes” post today.  Happy House Adventures to you all!  (I’ll tell you all about insulation next time : )

Communication styles

How do mathematicians communicate?
Sine language.

How do chiropractors communicate?
Spine language.

How do astrologers communicate?
Star Sign language.

How do naval cadets communicate?
Ensign language.

How do shoe repairmen communicate?
Shine language.

How do real estate closers communicate?
Sign Here and Sign Here and Sign Here and Sign Here and sign… language.

The trouble with owning a home is that no matter where you sit, you’re looking at something you should be doing.

Two women were walking through the woods when a frog called out to them and said: “Help me, ladies! I am a real estate agent who, through a curse, has been transformed into a frog. If one of you will kiss me, I’ll be returned to my former state!”

One woman took out her purse, grabbed the frog, and stuffed it inside her handbag. The other woman said, “Didn’t you hear him? If you kiss him, he’ll turn into a real estate agent!”

The second woman replied, “Sure, but I’m taking him home first… I want to make sure I get my Free Market Analysis!”

A real estate agent was driving around with a new trainee when she spotted a charming little farmhouse with a hand-lettered “For Sale” sign out front.

After politely introducing herself and her associate to the occupant, the agent proceeded from room to room, opening closets and cupboards, testing faucets, and pointing out where a “new light fixture here and a little paint there” would help. Pleased with her demonstration for her new trainee’s benefit, the woman was hopeful that the owner would offer her the listing.

“Ma’am,” the man said, “I appreciate the home-improvement tips and all, but I think you read my sign wrong. It says,  ‘HORSE for sale.’’

Hope you’re smiling!