Lake Oswego Real Estate Distressed Properties 4th Quarter 2015

Our RMLS™ just posted the distressed properties for all the areas in our RMLS™ and for the Portland metro real estate market.  Here are some additional facts about distressed residential properties in the fourth quarter of 2015:

Distressed Residential Properties All Areas In Our RMLS™ 4th Quarter 2015

All areas when comparing percentage share of the market, fourth quarter to third quarter 2015:https://lakeoswegorealestateblog.wordpress.com/LakeOswegoRealEstateDistressedProperties4thQuarter2015

• When comparing fourth quarter to third quarter 2015, distressed sales as a percentage of new listings increased by 3.7% (10.1 v. 6.4%).
• In a comparison of fourth quarter to third quarter 2015, distressed sales as a percentage of closed sales increased by 0.9% (8.5 v. 7.6%).
• Short sales comprised 2.2% of new listings and 1.7% of sales in the fourth quarter, up 0.7% and down 0.2% from the third quarter of 2015, respectively.
• Bank owned/REO properties comprised 7.9% of new listings and 6.8% of sales in the fourth quarter, up 3.0% and 1.1% from the third quarter of 2015, respectively.

Distressed Properties In Portland Metro Real Estate Market 4th Quarter 2015

Portland metro when comparing percentage share of the market, fourth quarter to third quarter 2015:

https://lakeoswegorealestateblog.wordpress.com/LakeOswegoRealEstateDistressedProperties4thQuarter2015• When comparing fourth quarter to third quarter 2015, distressed sales as a percentage of new listings increased by 3.8% (9.2 v. 5.4%).
• In a comparison of fourth quarter to third quarter 2015, distressed sales as a percentage of closed sales increased by 1.3% (7.7 v. 6.4%).
• Short sales comprised 2.1% of new listings and 1.8% of sales in the fourth quarter, up 0.7% and 0.1% from the third quarter of 2015, respectively.
• Bank owned/REO properties comprised 7.1% of new listings and 5.9% of sales in the fourth quarter, up 3.1% and 1.2% from the third quarter of 2015, respectively.

Lake Oswego Real Estate Stats Bank-owned and Short Sales

In the 4th Quarter of 2015, there were only 4 short sales and 5 bank-owned properties that sold and closed in zip codes 97034 and 97035.

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws

 

Lake Oswego Real Estate New Radon “Hot” Spots

January is National Radon Action Month and there is new research that shows radon gas is popping up in some surprising places. You can’t see it, taste it or smell it, but radon exists in roughly one out of every four Portland-area homes. And it can be deadly.

 https://lakeoswegorealestateblog.wordpress.com/2016/01/26/lake-oswego-real…-radon-hot-spots/

What is Radon?

Radon is the number two cause of lung cancer, after smoking, in the United States responsible for approximately 21,000 lung cancer deaths every year. EPA estimates roughly 18,000 of them are smokers, and whose risks are amplified by radon exposure. About 3,000 people who never smoked die annually from radon exposure.

Radon Zip Codes

Here is a summary table of each city, by zip code, in Oregon with their level of radon.

For More Information About Radon: Radon information 

New Radon “Hot Spots” In Portland

New data shows areas previously thought to have low radon levels may actually have dangerously high levels and have been identified as seven new areas as radon “hot” spots.

Those new areas are Boring, Columbia City, Parkdale, Scappoose, Banks, Dundee, North Plains and La Grande.

Testing for Radon

Testing is cheap and easy.  If you do have a high radon problem, it is something that can be taken care of, and you should invest in a system to get rid of it.

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws

 

Lake Oswego Real Estate National Housing Trends

The real estate market is always changing, and the growing reliance on technology in our industry makes it move even faster. Buyers and sellers search for homes and communicate differently than they did just two decades ago. On top of that, they also have more access to data and information than ever before. https://lakeoswegorealestateblog.wordpress.com/national housing trends

What are some trends that will have an impact on real estate in 2016?

  • Buying costs less than renting.

In most areas, it’s cheaper to buy instead of rent. According to Trulia, nationally, it’s 35 percent cheaper to buy instead of rent, and CNN Money reports that for millennials, it’s 23 percent cheaper.

  • The Internet is king.

The Internet continues to be the first stop for buyers and sellers looking for information. In fact, 43 percent of all buyers looked for properties online before contacting an agent or looking for information about the homebuying process. This percentage is even higher for younger buyers or millennials. It only makes sense. After all, younger buyers are more likely to have grown up with computers in their homes and access to the Web from an early age.

  • Agents are still necessary.

According to the National Association of REALTORS® Profile of Home Buyers and Sellers, 88 percent of buyers would use their agent again or refer him or her to others. Despite having incredible access to information, buyers and sellers still rely on agents to guide them through the real estate process. Buyers want their agents to help them find the right home, negotiate a great deal and help them with all the paperwork. Sellers, on the other hand, want their agents to market their home to potential buyers, sell it within a particular period and price it to sell. Technology hasn’t made agents obsolete — it’s made them more valuable.

Source: Inman News

The total value of America’s residential real estate hit $28.5 trillion at the end of 2015 according to analysis by Zillow. The housing market added $1.1 trillion in value, a 4.1 per cent increase on 2014. Although the growth was lower than in 2014 (6 per cent) some markets have outperformed the national average.

“Total home value growth slowed this year, but there was still a significant increase in overall value, and many markets are more valuable than they’ve ever been. At the same time, more renter households and rising rents combined to set new records in rental spending in 2015.

Americans are spending a lot of money on housing, and that will make affordability an important issue next year,” said Dr Svenja Gudell, Zillow’s chief economist. Americans shelled out nearly $20 billion more in rent in 2015 than in 2014 as people around the country set up 1.8 million new renter households and median monthly rents rose at a record pace.

Source: Mortgage Professional America

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws

Lake Oswego Real Estate Using Cash Gift For A Down Payment

Know Your Cash Gift Rules And Protocols

Lake Oswego Real Estate Using Cash Gift For A Down Payment

Photo Credit: Prime Lending

As we wind down the gift-giving season, we think it’s a perfect time to share some information on a gift that isn’t usually wrapped in festive paper or tied with a pretty ribbon – Cash gifts for a down payment on a new home.

Many first-time and even repeat homebuyers use financial gifts to help pay for a down payment on their new home. But to ensure the funds are acceptable to your lender, gift givers and receivers must follow the strict rules and protocols for giving, receiving and using financial gifts for a down payment.

Giving A Cash Gift For A Down Payment

Financial gifts for down payments are widely acceptable when they come from family (parents, grandparents, siblings, spouses, children). Some mortgage programs, like FHA, do allow for individuals outside of family to gift cash for a down payment, such as an employer, government agency or a close family-friend. Gifts from non-family members will require proof of a long-standing relationship.

Current financial gifting limits allow for an individual to gift up to $14,000 to any one person without incurring a gift tax. If married, each individual may gift separately up to $14,000, to the same person, totaling $28,000. If a married couple is gifting to anther married couple, each individual may separately gift up to $14,000 to each of the other two individuals, essentially totaling $56,000.

Giving the cash gifts must be done in a particular manner. If you’re gifting money for a down payment, you can’t just hand someone a box of cash or make a bank transfer without careful tracking and authorization.

First, you must provide a signed Down Payment Gift Letter, stating that the money is intended for the sole purpose of purchasing a home and is not a loan. PrimeLending recommends that you and the homebuyer work directly with your lender to draft an appropriate letter that includes all of the required information.

With the Down Payment Gift Letter finalized and signed, you will write a check for the dollar amount stated in the gift letter. Writing checks may seem archaic, but it’s the preferred method for lenders, and it’s easier to track than a wire transfer. 

Receiving A Cash Gift For A Down Payment

If you’re the lucky receiver of a financial gift for your down payment, you can’t just deposit your check using an ATM machine. You have to physically walk into your bank to make the deposit in person. Make sure you’re using the same bank that you will use for withdrawing all of your money required at closing.

Be mindful not to deposit your gift check along with other gift checks (using multiple cash gifts for a down payment is acceptable), miscellaneous checks or cash. You need to keep each deposit transaction separate and collect a receipt for each deposit.

With the gift secure in your bank account and with copies of all of your required documentation, you will work directly with your lender to appropriately transfer they money to the escrow company handling your home-buying transaction.

Using A Cash Gift For A Down Payment

Cash gifts are acceptable for many loan programs, including conventional loans, jumbo loans, FHA loans, VA loans and USDA loans. How much money you’re eligible to receive and the requirements for using cash gifts for down payments vary with each type of loan.

For example, when using a conventional loan you can use a cash gift for the entire down payment as long you’re putting down 20% or more. If you’re putting down less than 20% on a conventional loan, then you may use only some of the cash gift while paying part of it out of your own pocket.

For FHA or VA loans, you can use a cash gift for your entire down payment, unless your credit score is on the lower side. With a lower credit score, you may be responsible for paying at least 3.5% of the loan amount payment yourself.  Talk with your mortgage lender to find out details and determine which loan program best fits your home-buying circumstances.

PrimeLending understands that buying a home does not come with a one-size-fits-all formula. That’s why we specialize in pairing homebuyers of all demographics and socioeconomic backgrounds with a mortgage program that makes sense for them. If you’re ready to purchase a home using a financial gift as a down payment, contact a PrimeLending loan specialist to learn about your options and requirements. We’ll walk you through every step of the financial gift giving and receiving process!

*PrimeLending is not authorized to give tax advice. Please consult your tax professional for tax advice for your specific situation.

Source: Prime Lending

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws

Lake Oswego Real Estate RMLS™ Stats 1992 to 2015

Now that we are out of the recession, perhaps it is a good time to look back to see where we have been and were we are heading.

In the past, I have written what I call my “state of the union” blog post focusing on the past year and looking forward to the real estate market in the new year.  However, like the economists I don’t have a crystal ball and; they and I, too have been wrong.

In 2014, I wrote a post saying I thought we would be at a normal level of houses for sale (5-6 months of inventory) by the end of 2015.  Of course, like many economists I too was wrong.  In fact, instead of getting an increase in Portland metro houses for sale, our inventory went the opposite direction at only 1.2 months of houses for sale (if there were no other houses listed for sale today, we would only have 1.2 months’ time and every single house for sale today would be sold) by the end of 2015.  We now have our lowest inventory in the Portland metro real estate market since 1999. However, the best barometer is still our RMLS™ Portland metro real estate stats.

Our prices are increasing but our bucket full of houses for sale has a long way to satisfy all the buyer demand. There are still multiple offers (a recent one I heard was 27 offers-last year I heard 64 offers on one house).  However, in spite of the flurry in our Portland real estate market, houses are still being sold, but it is the sellers that are holding back by not listing their houses for sale.

But what is obvious from the RMLS™ market stats below, our average sales price and the number of days on the market are the best we have seen in many, many years.

1992 to 2015 RMLS Portland Metro Real Estate Statistics

https://lakeoswegorealestateblog.wordpress.com/lakeoswegorealestatermlsmarketstats1992to2015

If you are a seller now may be one of the best times to receive your highest and best price for your home.

If you are a buyer in this current metro Portland real estate market, have patience, the right home for you is out there but it will just take some extra time to purchase.

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws

Lake Oswego Neighborhood Associations HOA By-Laws

Are you a resident of Lake Oswego? Wondering if you have a neighborhood association where you live? It is important to know what rules govern your neighborhood.

Here is a list of the 21 neighborhood associations within the City of Lake Oswego.Lake Oswego Real Estate Neighborhood Associations HOA By-Laws

Become Involved in your Lake Oswego Neighborhood

Whether I sell a condo or Lake Oswego house, I always suggest to my clients they become active in their HOA.  At the very least, attend a meeting to learn more about what is happening where you live.  In some cases, I have even suggested to future condo owners, they attend a meeting before they decide to live in a project, if the HOA allows visitors.

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate This Week Stats

The stats for this past week were just published.  The Lake Oswego Real Estate market is still a seller’s market and we are at an all time low with the number of houses for sale in Lake Oswego. Overall, the Portland metro real estate market has an inventory of 1.2 months, the lowest since 1999.

Lake Oswego’s housing market remains stable.  Days on the market, however, have increased to 148 days to sell a Lake Oswego house.  Price per sq. ft. was also down this week at an average price per sq. ft. of $269. The median price for a Lake Oswego house this week is $750,000.

Source:  Ticor Title and Altos Research

Lake Oswego Real Estate Stats This Week

https://lakeoswegorealestateblog.wordpress.com/lakeoswegorealestatethisweekstats https://lakeoswegorealestateblog.wordpress.com/lakeoswegorealestatethisweekstats

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

 

Westlake Monument

Lake Oswego Real Estate Westlake Stats 2015https://lakeoswegorealestateblog.wordpress.com/lakeoswegorealestatewestlakestats2015

It is that time of year once again when the real estate stats are available from the previous year.  Stay tuned as I will focus on a different neighborhood within Lake Oswego every week.

Here is the first in the series, i.e. for the Westlake neighborhood in Lake Oswego where I live and work.

Westlake Stats 2015

There were 43 residential, single family houses sold in all of Westlake in 2015.

  • Average Days on the Market = 36 days
  • Average Sq. Ft. Sold = 2919
  • Average Sq. Ft. $ = $231
  • Average Sold Price = $675,274
  • High Sale = $977,000
  • Low Sale = $212,000
  • % of Sold Price to Original List Price = 97.15%

Next week I will post the 2015 real estate stats for a different Lake Oswego neighborhood.

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

“There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate Watch Out For Those Critters

Over the years I have been selling real estate, I have had different types of critters at houses I have either listed or sold.  When it is cold, they want to withdraw and stay warm just like the rest of us.  Sometimes getting them out of a house can be difficult.  Many times we are unable to identify what type of animal it is or where they are hiding.

They can also be found when doing a full home inspection at the time of a sale.  At that time, we call in the experts to deal with whatever critters are found.

Do you have critters at your Lake Oswego home?

Below is an article from Prime Lending that might help find and/or remove those critters from your Lake Oswego house!

How To Identify House Pests In Your Attic & Walls

https://lakeoswegorealestateblog.wordpress.com/lakeoswegorealesatewatchoutforthosecritters

Once, I was convinced there was a horse in my attic. Ludicrous, I know! But when I hear unexplained noises that go bump in the night, my imagination can get the better of me. After a visit from my local pest control service, I learned that the “horse trotting” noises were likely caused from a raccoon jumping down into my attic from a hole on the edge of my roof. There wasn’t a lot of insulation at that entry point, so when he thumped onto the plywood and ran to his spot, I heard “horse.”

Do you hear strange noises coming from your attic or walls? If so, here’s some information that can help you identify what type of critters are taking up residence within your home.

Popular Pests

Some of the most common pests to invade attics, walls and crawl spaces include raccoons, squirrels, rats, bats, opossums and snakes. Depending on your specific House Pests, you will need to work with either your local pest control company or a professional wildlife animal removal service to evict your pests.

For example, my local pest control team can treat for rats. But because I was hearing a horse, they determined that I was likely harboring a raccoon or other large wildlife animal, and instructed me to work with a specialty wildlife removal service.

The Noises

One way to start identifying your House Pests is to identify the noises you hear. Do you hear scratching? Thumping? Rolling? Hissing? Chewing? Are the noises at night? During the day? Here’s a list of common pests and their noises and habits:

Squirrels — Squirrels make quick, light scampering noises. They are active during the daytime, so they are typically heard early in the morning and before sunset. Squirrels hang out near their entry point, so they are usually heard along the edges of roofs. They can also scurry up and down the walls. You may also hear squirrels rolling their acorns, and scratching at surfaces.

Raccoons — Raccoons are nocturnal, so they are usually heard after sunset and before sunrise. Most attic raccoons are pregnant females looking for a safe place for their pups. Scratching may be heard as they build their nests. Because raccoons are large critters, they make noises often described as heavy walking or thumping. Raccoons are also very vocal, especially the young pups, producing chattering and growling noises.

Rats & Mice — Like squirrels, rats and mice travel quickly, making light scurrying and scampering noises. Depending on the density of walls and attics, these critters can sound bigger or smaller than they actually are. Rats and mice are very destructive pests, and they breed in high numbers. You may hear them at night, pitter-pattering throughout the attic, scurrying up and down the walls, and scratching at pipes, electrical wires and wood surfaces.

Bats — If you can hear bats in your attic, be prepared to discover a large colony. Normally, it’s hard to hear a bat’s high-pitched noise, but hundreds of bats together can turn up the volume quickly. Bats are nocturnal, so they are often associated with nighttime noises of crawling, flying and high-pitch squeaking noises.

Opossums — Opossums are large animals, so they move slowly. They typically seek out the warmth and safety of an attic and claim it as their den. So when an opossum arrives in an attic, it’s typically there to stay. Because opossums are mostly quiet creatures, they are sometimes not discovered until they die and a foul odor fills the home. Opossums are nocturnal, so if heard, they sound like a very heavy, slow-moving animal during the night.

Snakes — Snakes typically end up in attics because they have followed the scent of their prey — rats. Because snakes don’t make a ruckus, they are usually found during removal of other pests. Occasionally some homeowners do hear what they describe as a slithering noise.

Inspecting The Attic

If you’re a bit braver than me, you might want to inspect the attic yourself before calling your pest control company. Me? I didn’t want to take the chance that a wild horse would come blazing down the attic stairs.

When inspecting the attic for possible entry holes and critter damage, there are some telltale signs that can help you determine the species in your attic.  For example:

Droppings — Rats and mice leave droppings all over the place … thousands of tiny droppings. Squirrels typically do their business in one location, and it’s often near the entry point. Larger animals, like raccoons and opossums will leave larger droppings. Bat droppings, or guano, can be highly toxic to humans and usually contain insect parts.

Damage — All pests are destructive to some degree; however, some are more than others. Raccoon damage may include scratched structural wood, shredded roofing material, damaged insulation, damaged vent ducts, chewed pipe insulation, damaged air conditioners, attic ventilation fans and chewed electrical cables. Rats and mice like to hang out near water heaters and furnaces, where they can scratch at pipes and chew through wires. Squirrels tend to leave behind evidence of gnawing, as well as tracking indentions on insulation.

Entry Points — The smaller the entry point into your attic, the smaller the critter you may have living in your attic, such as a bat, snake or rat. On the flip side, while a larger entry point might indicate that a raccoon has made its way in, it’s also the perfect opening for all of the smaller critters to tag along as well. And of course, multiple entry points identified in your attic can lead to multiple species gaining access.

Evicting Your Unwanted Pests

If you suspect you have a pest in your attic, act promptly to remove the animal. The National Pest Management Association reports that rodents consume or contaminate about 20 percent of the world’s food supply. They also carry fleas and ticks that potentially carry diseases. In addition, rodents are responsible for many house fires that are started due to chewed wires and spilled flammables.

It’s important to bring in the appropriate professionals to eliminate pests. Start with your local pest control company for guidance, and then bring in a wildlife removal source if needed.

Source: Prime Lending

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

There is no substitute for experience.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Lake Oswego Real Estate Oregon Financing

Oregon Financinghttps://lakeoswegorealestateblog.wordpress.com/lakeoswegorealestateoregonfinancing update

We saw further weakness in global equities heading into Friday’s session. Adding to the sharper declines in Japan, China, and Europe, WTI crude oil is now trading under $30/barrel. All of this, combined with weaker economic data, has Treasury yields continuing to rally as the ongoing volatility in global equities has markets questioning additional rate hikes this year.

We did see some stronger results from U.S. banks on Friday, but with the global situation casting a larger shadow, equity markets have fallen further into the red and look to finish out the week under 16k on the big board. 10s are on the verge of trading below 2% again, while MBS levels continue to trade to better levels. Technically, any close below 2% on the 10yr now points to a ~1.90% handle at first glance.

Looking the other way, until we see a stronger trade back up through the 2.13-2.16% range, it’s game on for us mortgage goers! As we look to the week ahead, we would expect much of the same trading action to continue as further declines in stocks are expected.

Upcoming Market Data

January 19 – Housing Market Index
January 20 – MBA Mortgage Applications
January 20 – Consumer Price Index
January 20 – Housing Starts
January 21 – Jobless Claims
January 21 – Philadelphia Fed Business Outlook Survey
January 21 – Bloomberg Consumer Comfort Index
January 22 – PMI Manufacturing Index Flash
January 22 – Existing Home Sales

Don_MacKay

Search For Real Estate

You can use this phone app to search for the home of your dreams either on your cell phone or tablet – http://app.summarealty.com/SMAFZ

My new website is also available and you can search for Lake Oswego real estate or any homes for sale in the metro PDX area or surrounding communities – http://www.summalakeoswego.com/realtor-betty-jung

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I hvae ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1975 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs!

There is no substitute for experience.

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

Contact Betty Jung

Betty Jung, Broker
CRS, GRI, ABR, SRES, CNHSS

Summa Real Estate Group
4949 Meadows Rd. #100
Lake Oswego, Oregon 97035

503-804-9685 Cell

or email:bettyjung.rebroker (at) gmail.com

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