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The real estate market in Portland, OR is forcing potential buyers to think creatively.
Many neighborhoods—especially in some of Portland’s more desirable locations: Alameda, Mount Taber, Hawthorne, Rose City Park and Multnomah—remain costly and coveted.
Buyers who are ready to purchase a home [url=http://www.lotogame.fr/hollisterfrance.php]www.lotogame.fr/hollisterfrance.php[/url] but can’t afford the high prices of these neighborhoods are looking to smaller homes as alternatives.
Such was the [url=http://www.tesangay.com/barbour.php]barbour deutschland[/url] case when a young couple from Oregon searched for their first home. They [url=http://www.lotogame.fr/hollisterfrance.php]hollister pas cher[/url] had been renting for years, [url=http://www.batfriendtrust.it]scarpe hogan[/url] had saved money, and knew where they wanted to live. But they couldn’t afford the down payment on a home that had more than two bedrooms. The Oregonian ran an interesting feature [url=http://www.mxitcms.com/abercrombie/]abercrombie milano[/url] article about the couple.
As recently as last summer, former pro baseball player Given Kutz and his wife, Katie, a nurse, weren't in the market to buy a house. Kutz was transitioning to a law enforcement [url=http://www.1855sacramento.it/woolrich.php]woolrich outlet[/url] career, while his wife was preparing to graduate from nursing school.
"We had talked about [url=http://www.mquin.com/pjsdoudoune.php]parajumpers pas cher[/url] an investment, a house we knew would appreciate if we put a little work into it," said Kutz, a former University of Portland baseball pitcher who had played for the Great Lakes Loons, a Class A affiliate of the Los Angeles Dodgers. "We originally thought about buying something larger -- three bedrooms, two baths. We had some savings, but with the market doing what it's [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour pas cher soldes[/url] doing and the money we had, we were forced to look at smaller homes."
Their can do attitude wound up working in their favor. They [url=http://www.muvilav.it]woolrich sito ufficiale[/url] found a two-bedroom home with a space that could be used for anther bedroom in the future.
Eventually, M Realty broker Alicia Selliken found them a prospect: a two-bedroom, 1910-vintage "Sears bungalow," assembled from mail-order parts, on Northeast 66th Avenue. Kutz loved the Rose City [url=http://www.chu-forex.fr/hollister.php]hollister[/url] Park neighborhood, the unique character of the home and the fact that [url=http://www.diecastlinks.co.uk]hollister outlet[/url] it had an unfinished basement. Eventually, the couple offered $213,000: [url=http://www.riad-marrakesh.fr]abercrombie pas cher[/url] $40,000 under its appraised price. The offer was accepted, and they've already finalized plans to add a bedroom, [url=http://www.technick.fr]hollister france[/url] bathroom and laundry room to the basement.
It seems this is becoming a trend. Three bedroom homes are more expensive and there are more of them [url=http://www.1855sacramento.it/peuterey.php]peuterey outlet[/url] on the market. Six times as many three bedrooms were recently listed for sale on the RMLS system in the early part of 2008. The homes tend [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] to stay on the market longer, too. Two-bedroom homes spent an average of 54 days on the market, while three bedroom homes stayed on for 71 days.
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