Portland, Oregon (WiredPRNews.com) According to Realty Times, home sales for the greater Portland, Oregon area were up by 13.4% with pending sales at 17.5%. Though most experts consider the current housing climate in Portland as improving, it remains a buyer’s market. What this means for most sellers is that they will not receive the asking price for their home.
In many cases, sellers are in a precarious financial position because of a job lay-off and therefore feel they must sell their homes and move on. For a number of homeowners, this urgency to sell can result in losing money on their overall home sale.
In order to prevent what some would consider a financial catastrophe, many homeowners have discovered some out-of-the-box solutions for their dilemma. One of these that has risen in popularity has been a scenario where the homeowner moves from their home and rents it out. Most of the time, a home can be rented for a term of six months or a year at an amount that will more than cover the current mortgage payment.
For instance, if you currently own a $200,000 home in the Portland area with payments of $900 per month, you can expect to rent your home for approximately $1,300 to $1,500 per month depending upon your neighborhood. This solution allows the homeowner to keep their home while providing substantial financial relief. The family then moves into a lovely apartment home until the housing market can improve. At that time, they can sell, making a profit, hence not losing their home equity.
It’s important to find an available unit that’s pleasing to the eye. NorthwestRents owns six beautiful properties throughout the Portland, Oregon area. Greenbriar Village is a 139-unit property only five minutes from downtown that overlooks Johns Landing. The Julie Ann Apartments are located in the trendy Hawthorne District close to Mt. Tabor shops and restaurants. The Scholls Apartments are just ten minutes from Washington Square in the Raleigh Hills area.
If you’re looking for some room to spread out, Springbrook Apartments is located on five beautifully landscaped acres with playgrounds and four-plex style buildings in the Aloha area. Brookside Village Apartments, located in the Milwaukie area, provides the serenity of Johnson Creek and the fun outdoor vibe of Springwater Trail. If you need to be close to Max Light Rail, then Barberry Village is a great choice. This well-maintained complex in the Rockwood neighborhood offers residents 1, 2, and 3 bedroom Portland apartments at affordable prices.
NorthwestRents proudly offers the property management services of C & R Real Estate Services. C & R Real Estate provides residents in each complex with exceptional on-site services and maintenance. Any of the NorthwestRents properties would make a perfect location for you and your family to call home for a year or a lifetime.
NorthwestRents has been in business since the 1960’s providing attractive, affordable apartment rentals to the residents of the greater Portland, Oregon area. With six well-maintained apartment complexes, NorthwestRents.com eliminates the worry and stress of apartment living or home ownership by giving you a comfortable place to call home.
For more information, visit their website: http://www.northwestrents.com