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School Reports in Portland, OR, Beaverton, Or and Vancouver, WA, Oregon
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Real Estate Tips
Financing Your Home >Finicky Financiers

Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.

Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.

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Real Estate Trivia
Q 
In what movie did a cute extra-terrestrial take refuge in a California home on a cul-de-sac with a mountain peak towering behind it?
A 
Steven Spielberg's 1982 classic "E.T." was filmed in a real house on Lonzo Street, Tujunga, northeast of the San Fernando Valley.
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Greg Herson, REALTOR®, real estate agent and broker for Portland, OR, Beaverton, Or and Vancouver, WA, Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Greg Herson
John L. Scott
1205 NE Martin Luther King, Jr Blvd
Portland, Or 97232
Direct : 503-757-1551
Office : 503-757-1551
Fax : 503-230-8650
Email: GregHerson@NUMBER1EXPERT.com

We at Herson Realty Group pride ourselves on exceeding the expectations of every buyer and seller we work for. In the ever-changing real estate industry it is very important to choose the right team to represent you. Herson Realty Group uses the most up to date technology and marketing techniques when serving its clients and our full time staff is always there to make sure every detail of every transaction is reviewed.

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