About: Portland native who grew up right where I sell and list homes. I have been a licensed Broker since 1984. What I love to do is match people to properties with their desired life styles. For that perfect fit. I love to design and remodel homes. I am a trade ally of Energy Trust and I also have an ...
About: Portland native who grew up right where I sell and list homes. I have been a licensed Broker since 1984. What I love to do is match people to properties with their desired life styles. For that perfect fit. I love to design and remodel homes. I am a trade ally of Energy Trust and I also have an ADU designation. I have taken the Sustainable Homes Professional course which only architects or contractors take, but I wanted to understand how to build a highly energy efficient home.
Displaying: 2 Most Recent Endorsements
Tom Inglesby gives so much added value to the home buying experience. He's not only patient, hard-working and knowledgeable about local real estate markets, he's got the eye of a visionary remodeler who has thoroughly researched the latest green and energy-saving practices. He knows what he's talking about. His advice is reliable, to-the-point and up to date.Diane AngeloI met Tom through my Uncle back in 2012. I live in San Francisco and have always thought about owning an investment property in Beaverton 97006 area. Tom has been helping me with finding the right investment property ever since we first spoke. Finally in August of 2014, we closed on a property in 97006 where my tenants are happily residing for two months by now. I trust Tom with many things during the process especially his takes on the neighborhood(I live in SF so I'm not too familiar with the area), potential repairs I may end up doing, rent estimate and potential for future gain in price due to upcoming developments in the area. Honest man who puts his clients first priority such as Tom should be endorsed by all of his clients. My friendship with Tom will continue on.Htin Aung
Answers (152)Displaying: 50 Most Recent AnswersAnswered: Sep 29, 2017In answer to: list my rental homeWhat city is your rental house in?Answered: Sep 29, 2017You cannot read a persons mind. what they tell you and what they do you don't control them. The seller has the option to sell to anyone they want for any reason and price. Good LuckAnswered: Jan 22, 2017In answer to: Can an oregon realtor sell washington propertiesVictoria is correct in that you need a Washington RE license to sell homes in Washington unless you are a dual agent in Washington and some other state. Many agents in my office are dual agents let me know and I can refer you. TomAnswered: Oct 7, 2016This Web site has rentals and in the rental site you can enter pets and only get homes that will allow animals. Good luck.Answered: Oct 7, 2016I'm a real estate broker in portland. I have clients buy homes all the time out of state and rent them before they move here. You will need to speak to a mortgage broker to fund out what you can do. You credit score is great. I if your husband is not going to be on the loan then you will have to qualify for the house yourself. Email me and I will give you a name of a great mortgage broker. Good luck.Answered: Oct 7, 2016A home needs one tub but a master bath can just have a shower and I would try and make it 36 wide if possible and 4-5 long. If you could put in curb less that would be a plus. Good luck to you.Answered: Aug 23, 2016Yes you must live in it the past 2 out of 5 years. Good luck.Answered: Jun 29, 2016In answer to: Rent Lake Oswego, Portland, OregonThere is a new company in town thru out many cities in the US that you can get a lease option on after one year in the house and it is called Home Partners of America. This works great for transfer buyers that cannot find a house to buy and they are qualified to buy today. The company gets you pre approved for a loan and then they will buy you the house you want that is pre approved by them and you rent the house for 1 year at the going rental rate and you can buy the house 1 year up to 5 years later with a 4% fee over what the company bought the house for. This is a cash transaction and closes quick. You are not locked into a lease and you can walk away after a year of renting the house you want to buy. The have purchased over 2,000 homes this way.Answered: Feb 19, 2016lily I can help you send me an email and I will get you a list of current homes that are up to date tonight that still show for sale . I can follow up in am if you would like to see any of them. thanksAnswered: Feb 19, 2016I can check for you but I need more information. if you are pre proved you should be able to find a home if you are working with an agent closely so they know your wants and desires in a home. if you have good credit you could get a loan with 5% down with seller helping you with closing costs. are you just saying you have been looking and can't find anything right now? our market is the tightest it has been since 1992. I have been in only one sale in past 14 months that did not have more than one bid. most are 3-8 offers on any home with offers up to $50,000 over. i can find you a house once you are educated on values in the market out there. good luck.Answered: Jan 26, 2016In answer to: Can i sell my house if its in forcloser?yes just make sure you have enough money above what you owe to cover some extra costs you have incured. good luck to youAnswered: Jan 26, 2016our new earnest money agreements adresses lease options and it directs you to a real estate attorney. let me share with you the rules of lease options. back in the day sellers would credit your rent towards your down payment. that is not allowed today. the only amount the seller can credit you is any money you pay above normal rent. also there is usually non refundable option money that is given up front when you sign the agreement. since you cannot qualify for a home today would you want to sign up to buy a house three years from now and if you don't qualify you will lose your option money and the monthly amount over normal rent. do you want to set yourself up for this? try and get your finances reduced and you might try to get a smaller place to save on rent or maybe get a second job for a short time to make some more money and pay down your debt. good luck to you both. you are hard working and we'll educated and you will before you know it be in a position to buy a homeAnswered: Jan 25, 2016I am not a lender but fha has the highest ratios at about 42% or so so I am not sure where you can get financing. one thing I would not do is get yourself trapped in a lease option. let me explain what might or could happen. to as lending rules are quite different in a lease to own compared the years ago and many sellers don't know either. today you must pay fair rent and any amount above fair rent can be applied towards your down payment. in the past a seller would raise the house price and credit you the full amount of rent. there is a deadline on the purchase so let's say 3 years and no lender will give you a loan you are out the extra rent. also you usually have to put up option money and that is non refundable if you do not buy on the closing day. so after what I just shared with you are you going to go out a get involved with a lease option. I would highly recommend not doing it. Iour new earnest money forms direct a buyer to getting an attorney so there are no surprises. good luck to you both.Answered: Jan 14, 2016We as agents see this all the time in short sales. The banks drag their feet and maybe if you go away they can sell the house for more money. As we get away from the short sales of a few years ago we are seeing short sales sit for months and then there is an offer and after a few months the bank looks at the value and the old listed price and comes back with a counter $30,000 higher than the original price and then they say buyer to pay an extra settlement fee. In most areas of Portland short sales are not around but there are a few but the homes are priced closer to retail now and not at a 20% off retail as in the past 4 years. Hang in there and you will see you probably will be getting a good deal in the end if you can put up with the banks slow to respond attitude. Good mLuckAnswered: Jan 7, 2016When you as a buyer think you have all these agents working for you in most cases the agents figure this out by how you ask questions or you will not sign a buyer agreement? I ask why not? I say work with me for 3 days and I will see if I want to work with you. In our market the homes come on the market and have multiple offers so if a buyer is making 3 offers at the same time he is breaking the law and as an agent and you know that he cannot afford all of the homes the agent is breaking the law by submitting all the offers at the same. I explain to the buyers that I work very hard and if you went to 3 attorneys would you be able to pick which one you wanted to work with and decide to pay for their time because they gave you the best answers. You would probably be required to pay for your time with each of the professionals to get professional advise, and that is the same with real estate brokers. We are professionals and deserved to get paid for our time. If I am getting the feeling that the buyer shopping I ask for a professional fee to work with them. This is just question to see if they are serious. Treat everyone as you would like to be treated that is my motto.Answered: Jan 7, 2016there is a difference between building on the ground and a 24 inch crawl space and a full stand up crawl space that you can finish later and live in. this needs to be defined either way it gets insulated but one is probably 4 times larger. good luckAnswered: Jan 7, 2016In answer to: unfinished basement value?basements have about 60% value compared to above ground level per Sq ft and the value is better if you can walk outside and has windows that open and are large. if a room is in an underground basement and it has small windows that are higher than 36-42 inches off the floor then in most cases you cannot make these into bedroom living areas because of emergency access in case of a fire. and you could not rent them out either. My areas RMLS listing service we are required to list all sq footage under the roof even if it is not finished and many agents say unfinished basment in the lower level. There is a ceiling height of 6 ft 8 inches I believe if you are getting permits to rent it. if you have further questions call me. good luck.Answered: Jan 7, 2016I am not an attorney but the selling agent and the listing agent might be able to sue the seller. the buyer could sue for not doing what the seller agreed to do. get parties together and try to work this out. the seller might have a large bill if he decides not to sell.Answered: Jan 6, 2016In answer to: Rent Lake Oswego, Portland, OregonNancy, with portland/ lake Oswego being only 7 miles apart and our rent city wide has gone up 40% in past 5 years and this year almost 11% if you can buy I would not rent. you can sell your house for about 6% total costs so if the market here were to go up more than 3% a year you would be covered. Portland areas went up 6-19% this past year I worked the LO market for 30 years. I can get you lenders that have 5% down loans and even some with less down if you qualify. send me an email and we can talk further. Portland born and raised. I'm listing a house that the,sellers lived in 2 years for 28% more than they paid 2 years ago. not a bad profit.Answered: Oct 22, 2015I am sorry to hear your situation but with rentals are at a 2% vacancy so it it easy to set requirements of no dogs. When land loads due accept dogs the new fee is $1000 plus $40-50 @ month. It is sad with so many renters with dogs having to pay this amount. To buy is really going to be cheaper than renting and prices are moving up about 7% this year so if you rent for a year and buy 1 year from now you will have paid rent plus added 7% to your sales price. If you need further information feel free to contact me. Good luckAnswered: Oct 12, 2015Check your lease. It was probably put in owners name and your lease says you will pay the utilities and we're supposed to switch it. Good luck. TomAnswered: Sep 27, 2015I understand your situation. If you can produce a dog companion ship letter land loads will waive the pet fee which in portland is now $40 a month with a $1000 fee to have a pet. If you want to buy a house there are some 100% no down loans. Give me a call. Good luck.Answered: Sep 16, 2015That's great it takes a while for your credit to bounce back. You can explain to the manager of apt that you want to rent what the problem is. If you write a letter to the three credit bureaus and ask them how long it will take for you to get your credit score up Good luck TomAnswered: Aug 5, 2015In answer to: Any lease to own or seller carries contract homes?You should not consider a lease to own here is why. The old days you could get credit for the rent you paid, today you cannot do that per the new lending rules. If you decided to go into a lease option you need to pay rent and then give the seller some option money over and above rent maybe $200 and this money could be applied towards your down payment. You have a set time that you must buy the house or you lose the money. When do you think you will have your credit up to 690? I would not bet $4000-6000 that you would know when a lender would give me a loan? Oh and another thing the seller locks the price for you today and then sells you the house in three years. I really dont see that happening. Your credit score is low and you will need to get at least up to 690. I am not a mortgage broker but that is what they tell me is the starting point for getting a loan. Good luck to you and the best thing to do is try and pay down your debt the best you can. TomAnswered: Aug 5, 2015Who ever posted the ad needs to remove it. TomAnswered: May 13, 2015Did the mortgage broker give you pre approval to buy the home with out selling your existing home? They might have just given you a pre qualified approval which means they really did not look at all your credit information. That's to bad because you spent money on inspections and now you will lose the house unless you can talk the owner in to waiting for you to sell your house. Good luck to you. TomAnswered: May 2, 2015You signed a contract with your listing agent. They cannot split a commission with a person that is not a broker. Good luck to you.Answered: May 1, 2015You should Not be paying for a credit check from a lender. USDA lending ratios are tighter than FHA so that probably is you only choice. You should be able to possibly get a loan with that score. Since no one has responded to you I would call a local real Real estate company and ask the broker for a referral of an agent that deals with FHA and start over. Don't chase that lender or agent any more. Good luck to you.Answered: May 1, 2015The way the market is $50,000 will not buy land today. Good luck to you.Answered: May 1, 2015In answer to: How do I up-date my home # of bedrooms?You don't say where you want to update the number of bedrooms? On this site on your tax statement? Could you be more specific? ThanksAnswered: Apr 16, 2015In answer to: Any lease to own around Portland, Oregon?Lenders change the lending rules all the time So never go b into a rent to own. Work with a lender that can help you increase your credit score. I have a lender that can help you for free here in Portland . Call me.Answered: Apr 16, 2015In answer to: Any lease to own around Portland, Oregon?Don t even consider a lease to own. If you cannot qualify today what makes you think you will qualify in 1 or 2 years. The mortgage companies could change the rules agaim.work with a lender in getting your credit score up. I jVe a lender that will help you for free. Email me in portland. Good luckAnswered: Apr 6, 2015Very active area out there. What I would suggest is start looking now. I just sold a 1000 sq ft house in Cornelius for $203,000 on market 2 days. Get yourself pre approved so you know exactly what your price range is and line up the financing. Sellers will not look at offers with out a preapprove letter. This price of home moves very quick. Values are going up $1500 a month with rates below 4% homes are very affordable and first time buyers and investors are very active. Let me know if I can help you.Answered: Mar 26, 2015Every bank is different depending on the process but figure 30-45 days on average. Cash might speed it up but not always. Cash many times is the only way to buy the property so thinking you will steal it is not really true when the only way to buy is cash. We are seeing 30-40% of buyers paying cash depending on property location and price. Good luck to you.Answered: Mar 26, 2015The banks are getting into your pockets with auctions/ foreclosed homes in that they have a 5 or 7% fee on top of price or a flat fee of $10,000 on top of sales price so you need the extra cash since most lenders will not finance that. Cash is the way almost all are sold since you cannot inspect the house or get in if there are renters and if there are liens or HOA fees owed you get to pay for those even if you do not know about them to clear title. These are not for the buyer looking to finance the property. It is hard to get into many of these so Good Luck.Answered: Mar 26, 2015look at craig's list but do not send in any deposits, drive by homes to see if they are for sale and many are. there are many scammers out there since rentals are so hard to find. Our office gets many calls a day looking to rent homes. good luck to you.Answered: Mar 26, 2015The banks are getting into your pockets with auctions in that they have a 5 or 7% fee on top of price or a flat fee of $10,000 on top of sales price so you need the extra cash since most lenders will not finance that. Cash is the way almost all are sold since you cannot inspect the house or get in if there are renters and if there are liens or HOA fees owed you get to pay for those even if you do not know about them to clear title. These are not for the buyer looking to finance the property. Good LuckAnswered: Mar 24, 2015You listed your house with an agent to sell it and signed an agreement to pay a commission to the selling agent. What do you know about selling a house and are you going to represent the buyer? You are required to pay the listing agent for selling it unless the listing has a provision that you can sell the house. Most agents will not go into a listing like this. No agent can split their fee with a non licensed agent. Good luck to you.Answered: Mar 24, 2015See below there are many questions that need to be answered to get going in the right direction. Normally an earnest money is the first place to start. Then if a short sale and no offers pending it needs to go through the process of 2-4 months and if it has been foreclosed on and is bank owned then it is a normal sale. Have your agent check with the listing agent to see where the seller is at in the loan process now? thanks, good luckAnswered: Mar 24, 2015It will be probably a manufactured home and total closing costs under $1,000 on top of the $10,000 purchase price. This will be hard to find and then expect to pay $650 a month in rent payments for water and sewer and up keep in park. Tom InglesbyAnswered: Mar 6, 2015I don't think there are any homes available at under $50,000 unless they are manufactured homes since land is now $50,000 or more for a lot just about anywhere. TomAnswered: Mar 6, 2015You need to talk to a lender as your first step in wanting to buy property. email me and I will give you a lender that will explain what it takes to buy a property. thanks tomAnswered: Mar 6, 2015Yes they have to be closed. Those open lines of credit are not like they used to be, the banks can stop them at any time so it is hard to plan on them in the future. good luck to you, TomAnswered: Mar 6, 2015All you have to do is qualify for the loan. If does not matter who is selling or buying. FHA has easier qualifying ratios but the fees are really high and if you could qualify for a 10% or 5% conventional loan you would be bettor off since the mortgage insurance now on a FHA loan never goes away like it used to once you had 20 % equity. Good luck and talk to a lender. I know a good one in Seattle. TomAnswered: Mar 6, 2015As Tom Marks stated, do not look to buy a house at auction. Many times there are 30 day closings no inspections and you lose your earnest money if you do not close. I have one going right now where the buyer has to pay $7000 reserve fee on top of the sales price and it is really a cash deal since you cannot get a rehab loan in less than 45-60 days. Some programs make you pay to turn the water and heat on and then you have the property in your name last and, you get the over due water bill sent to you. Cash talks in the Portland market with some times 10-25 offers on a house but no one like the buyer reserves we are seeing that more now buy the banks. Good Luck to you. the other TomAnswered: Mar 6, 2015Lisa you mentioned your credit is bad. The worst thing you can do is get yourself into a lease option to own. If you do not have good credit today who is to say the lenders 2 years from now will not have tougher guidelines and you want to put your self in that position. Let me give you some back ground information in the 80's. Lenders could give you rent credit towards your down payment. Today you need to put up option money and if you cannot buy the house by the specified date you lose that money. Worse yet, you are paying rent and then also a kicker on top of rent that will go towards your down payment but if you do not close you lose that money also. Does this look like a good deal to set your self up in? Back 10 years ago you could buy a house with 625 credit score now I think it is about 660 but it is hard if you have some dings on your credit. I know a lender that has a person on staff that will help you free of charge to get you going in the right direction so maybe in a year or two you can buy there are some low down payment loans available. Email me and I will get you the information. I help a lot of first time buyers or people with credit problems I have a short sale CDPE license. Good luck to you. TomAnswered: Feb 16, 2015I can help you with that. What price is your final total package for land and house. Call me. Tom InglesbyAnswered: Feb 16, 2015A contract is required in real estate and you signed one. You need to talk to agents broker, in Oregon we can exclude buyers for 10 days in situations like this, you don't mention the time line. Good Luck to you. TomAnswered: Feb 16, 2015Once information is on the internet it is posted so many places you will never get it off and so much of the time it is wrong. Not sure where you live but in Portland Or the city of Portland employees are checking sold homes and web sites that show improvements and going back and charging you for back taxes. The permit center and tax center are two different areas so they don't mix information so the three counties in Portland filed 6000 tax increases with a minimum of $4000 and it is due in 30 days. I would watch what you post and brag about your new remodel on line and on websites that want you to show off your new improvements. Good luck, Tom InglesbyAnswered: Jan 28, 2015Give me a call, I might be able to help you with some ideas. Thanks
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