The real estate and mortgage industry is changing almost on a daily basis like we’ve never seen before with the implementation of new rules by the Consumer Financial Protection Bureau (CFPB) and their Qualified Mortgage Rule (QMR) that will take effect on January 10, 2014.
Everyone in the industry is talking about it and how those changes will affect home buyers in the new year! Today’s markets have been stabilizing and growing, prices are rising, inventory is tight, and I’m seeing more and more new construction coming into the market. So….I thought it would be a great idea to have a round table discussion about what’s going on in the Oregon real estate market as an example. My two guests today are experts in the Portland, OR market. Please welcome Kahren Oxner, a sales manager at Academy Mortgage* in Lake Oswego and Shea Steel, from Re/Max Equity Group* in Portland. Kahren, Shea, and I will be discussing obstacles that buyers face in today’s market, how to approach a multiple offer situation, great advise on how to make an offer that’s over list price in a bidding war, asking the seller to pay for repairs, and why buyers should purchase NOW!
It is an information packed show that you won’t want to miss!
* Required compliance disclosure:
Kahren Oxner, Academy Mortgage Corporation, 3 Centerpointe Dr, Suite 290, Lake Oswego, OR 97035, NMLS# 590552 Direct: #503-453-6849
Academy Mortgage is an Equal Housing Lender.
Shea Steel, Re/Max Equity Group, 237 NE Broadway, Ste 100, Portland, OR 97232 Direct: #503-975-7036