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Real Estate News from the Ground Up™ January 2013
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TO: Friends of Total Property Resources (TPR) and
Total Property Management Services (TPMS)
Despite the cold temperatures we have been experiencing, the housing market is heating up! We look forward to assisting you with your real estate needs in 2013.
Total Property Resources, LLC
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Timing the Sale
By: William Smith, Zimbalist Smith Investments LLC
William Smith is co-owner of Zimbalist Smith Investments LLC founded in 1982. Bill is also a licensed Realtor with Total Property Resources. Because Bill and his partner Linda Zimbalist Smith have an extensive background in investments, we are pleased to present Bill's response to a question that our Realtors are receiving regarding the recent recovery in real estate values. We hope you find it helpful, too.
Question: My husband and I have reached retirement age and with the kids on their own (well mostly) we are considering selling our family home for a smaller, less expensive property.
We know that it's both an emotional and financial decision, but could you offer any insights into helping us time that decision. Our main concern is that we're hearing that real estate values are going higher and we're afraid that we won't achieve maximum value. Thank you.
Click here for the ANSWER.
William M Smith
Zimbalist Smith Investments LLC.
Disclaimer: This column does not constitute the giving of advice to sell but rather is discussing the importance of liquidity in timing if a decision to sell has already been made.
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Residential forecast favors sellers
By Portland Business Journal
Low inventories continue to plague Portland's residential market, with one broker forecasting a "severe seller's" market continuing into spring. For the full article, click here.
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The Fine Print - January 2013 Issue
 
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Underwater Loan Modifications: Just Kicking the Mortgage/Housing Crisis Can Down The Road?
Question: I have one loan against my home which has a balance substantially greater that the current market value. I am in default on the loan, in danger of foreclosure, and have received an unsolicited long term loan modification, which does not include any principal reduction term. Should I accept it?
Click here for the ANSWER.
DISCLAIMER: this column does not constitute the giving of legal advice, and your reading this column does not create an attorney/client relationship. You are encouraged to consult a lawyer or accountant should you have questions about how this information may be applicable to your particular situation.
David R. Ambrose
Principal, Chief Executive Officer
Ambrose Law Group LLC
Direct Dial: 503.467.7217
drambrose@ambroselaw.com
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