PacketBuyer’s PropertyAddress: ComplimentsOf: CustomerResource: 503.220.8352 | csor@ltic.com BuyersPacketOnlineResource: bit.ly/utilitylookup
Utilities Services&PortlandGeneralElectric503.228.6322 www.portlandgeneral.com NW Natural Gas503.226.4210 www.nwnatural.com Xfinity Comcast/888.824.8264Cablewww.comcast.net CommunicationsFrontier800.921.8101 www.frontier.com Garbage, ManagementWaste800.808.5901 Water, Sewer City of 503.228.6322Portland
503 266 7861 | boundaries: 503 266 2064 | www.canby.k12.or.us
503 760 7990 | www.centennial.k12.or.us
Lake Oswego
North Clackamas
Gladstone
503 655 2777 | www.gladstone.k12.or.us
503 534 2000 | boundaries: 503 534 2490 | www.loswego.k12.or.us
503 844 1500 | boundaries: 503 648 9123 | www.hsd.k12.or.us
503 653 6000 | boundaries: 503 353 6119 | www.nclack.k12.or.us
503 252 7990 | www.centennial.k12.or.us
Beaverton
Estacada
Forest Grove
School Information
503 357 6171 | boundaries: 503 359 8167 x 221 | www.fgsd.k12.or.us
503 672 3721 | www.beaverton.k12.or.us
Banks
Gresham / Barlow
Canby
Centennial
503 324 8591 | www.banks.k12.or.us
Colton
David Douglas
503 824 3535 | boundaries: 503 824 3534 | www.colton.k12.or.us
503 630 6871 | www.esd108.k12.or.us
503 618 2450 | www.gresham.k12.or.us
Hillsboro
503 829 2359 | boundaries: 503 829 2512 | www.molallariv.k12.or.us
Sherwood
School Information
503 661 7200 | boundaries: 503 492 4921 | www.reynolds.k12.or.us
503 625 8100 | boundaries: 503 625 8107 | www.sherwood.k12.or.us
McMinnville
Woodburn
503 554 5000 | boundaries: 503 538 8365 | www.newberg.k12.or.us
Oregon Trail 503 668 5541 | www.oregonrailschools.k12.or.us
503 408 2100 | www.parkrose.k12.or.us
503 565 4000 | www.msd.k12.or.us
Newberg
503 657 4283 | boundaries: 503 657 2471 | www.orecity.k12.or.us
Parkrose
503 981 9555 | www.woodburn.k12.or.us
Molalla River
Portland 503 916 2000 | boundaries: 503 916 3262 | www.pps.k12.or.us Reynolds
503 673 7000 | boundaries: 503 673 7034 | www.wlwv.k12.or.us
Oregon City
Tigard / Tualatin 503 431 4000 | www.ttsd.k12.or.us
West Linn / Wilsonville
12.
7.
Schools DATA SOURCES
10.
1. Agia AcademySophia PK-5 Montessori $4,700-$8,500 95 26 12 24 20 3 Catlin Gabel School PK-12 Progressive $22,800-$29,640 27 702 18 42 28 68 Edison High School 9-12 DifferencesLearning $22,400 60 96 9 14 27 20 Forest SchoolLutheranHillsChristian PK-8 $2,600-$6,209 95 184 18 17 100 7 German Internatio nal School PK-5 Language Im mersion, BaccalaureateINTL $11,600-$14,900 98 115 12 21 25 16 Horizon Christian School PK-12 College Prep $3,875-$11,000 90 356 15 40 30 20 Islamic School of MET / IslamicOregonAcademy PK-12 College Prep $6,750-$8,250 60 135 15 30 25 8
3.
5.
6.
County G School Type TuitionRange A(%) E(#) C(#) NW(%) F(%) M(#) Washington County (OR)
8.
14.
16.
2.
11.
Private
Private school data is voluntarily self-reported for the 2016-2017 academic year. Schools offering only preschool and/or kindergarten were excluded, as were schools that did not complete
4.
17.
9.
13.
15.
Portland Monthly‘s Survey Grade Range Acceptance RateA 2014-2015 EnrollmentEG
Jesuit High School 9-12 College Prep $13,875 68 23 32 26 83 Life SchoolChristian PK-12 College Prep $2,250-$6,695 90 211 13 43 5 12 Living SchoolWisdom PK-8 Education for Life $2,500-$8,500 80 32 9 20 40 5 Montessori School of Beaverton PK-6 Montessori $8,500-$10,880 180 10 60 30 10 Northwest Chinese Academy PK-5 ImmersionLanguage $6,750-$14,933 100 36 7 85 4 6 Oregon Episcopal School PK-12 College Prep $18,000-$32,200 35 805 16 42 20 5 Pilgrim ChristianLutheranSchool PK-8 $6,520-$7,900 95 157 12 53 20 5 St. CatholicAnthonySchool PK-8 Catholic $4,400-$6,800 323 17 33 35 85 St. Pius X Grade School K-8 Catholic $6,500-$7,750 480 28 0 St. AcademyStephen‘s PK-12 ChristianClassical $2,500-$8,500 96 217 15 30 42 16
2.
5.
8.
6.
9.
11.
3.
Private Schools
Multnomah County (OR)
10.
12.
7.
County G School Type TuitionRange A(%) E(#) C(#) NW(%) F(%) M(#) Washington County (OR) 18. Valley ElementaryCatholicSchool K-5 $7,770 284 28 59 11 13 19. Valley MiddleCatholicSchool 6-8 College Prep $10,590 250 27 51 11 24 20. Valley Catholic High School 9-12 College Prep $13,395 390 17 51 24 32
1. A SchoolRenaissanceofArtsand K-8 ScienceInquiry-based,andArts $12,500$9,375- 90 125 10 20 60 16 Bridges Middle School PK-12 SpecializedEducation $23,000 70 40 10 28 30 5 WaldorfCedarwoodSchool PK-8 Montessori $14,945$2,065- 52 210 26 37 34 10 Central Catholic High School 9-12 CollegeCatholicPrep, $14,025 97 898 21 31 47 50 MontessoriChildpeace School, Metro SchoolMiddle PK-8 Montessori $16,150$9,000- 85 340 27 26 5 23 Columbia Christian School K-12 $5,480-$6,750 90 290 19 28 40 10 De La Salle North Catholic High 9-12 College Prep $2,995-$3,145 91 327 21 80 84 12 MontessoriFranciscan Earth School & St. Francis Academy PK-8 Montessori $12,240$7,200- 90 240 23 26 20 20 French InternationalAmerican PK-8 ImmersionLanguage $13,900-$18,217 72 447 16 39 11 44 Holy CatholicRedeemerSchool PK-8 Parochial $2,100-$7,100 85 230 30 43 30 18 L‘ETOILE ImmersionFrenchSchool PK-5 ImmersionLanguage $12,000$11,000 90 65 18 10 5 14 Northwest Aca demy 6-12 College Prep $4,700-$8,500 95 26 12 24 20 3
4.
Average Class SizeC Students who identify as Non-WhiteNW Faculty with Master’s DegreesM SOURCE www.pdxmonthly.com/schools
16.
Multnomah County (OR) Pacific CommunityCrestSchool 6-12 Independent $13,750 47 95 12 16 15 12
St. John Fisher School K-8 $6,140$8,050- 68 23 32 26 83 St. AcademyMary’s 9 - 12 College Prep $13,750 88 726 21 34 41 51 St. Rose School PK-8 Catholic $5,366$7,042- 99 182 23 36 27 10 St. Thomas More Catholic School K-8 College Prep $6,500 92 187 23 13 11 18
1.
West ChristianHillsSchool K-8 Christian $4,898 92 378 24 15 16 16 West MontessoriHills PK-6 Montessori $7,790 $10,545- 90 50 25 20 13 Clackamas County (OR) Arbor School of Arts and Sciences K-8 Other $13,500 25 169 20 12 12 24
Portland Christian Schools PK-12 College Prep $6,977 $10,689- 97 494 15 37 18 36 Portland AcademyJewish PK-8 Project-basedlearning $18,000 80 170 20 10 50 25
17.
Private Schools Grade Range Acceptance RateA 2014-2015 EnrollmentEG
14.
18.
27.
21.
25.
23.
The MontessoriPortlandSchool PK-6 Montessori $7,360 $10,430- 95 30 20 23 10 10
28
19.
22.
The SchoolMadeleine K-8 $5,515$7,200- 233 30 5 13 10
24.
20.
15.
The SchoolInternational PK-5 ImmersionLanguage $10,460-$17,800 98 449 12 60 15 31
St. Agatha Catholic School PK-8 $2,520$7,160- 95 155 19 28 27 12 St. Clare School K-8 $5,800 - $7,400 99 195 24 13 12 14
MontessoriSunstone School PK-6 ImmersionLanguage $6,750-$14,933 100 36 7 85 4 6
County G School Type TuitionRange A(%) E(#) C(#) NW(%) F(%) M(#)
26.
DATA SOURCES
Private school data is voluntarily self-reported for the 2016-2017 academic year. Schools offering only preschool and/or kindergarten were excluded, as were schools that did not complete Portland Monthly‘s Survey
3.
10.
13.
8.
1. Cedar SchoolClassicalTreeChristian K - 12 ChristianClassical $3,480$6,480- 90 192 18 8 10 10 AcademyAdventistColumbia 9 - 12 College Prep $9,000-$11,500 98 86 18 33 46 11 The SchoolGardnerofArts & Sciences PK - 8 Gardner $4,435 $17,990- 80 76 10 23 20 10
5.
2.
4.
12.
Average Class SizeC Students who identify as Non-WhiteNW Faculty with Master’s DegreesM SOURCE www.pdxmonthly.com/schools Private Schools
County G School Type TuitionRange A(%) E(#) C(#) NW(%) F(%) M(#)
11.
3.
6.
2. Christ the King Catholic School K- 8 Catholic $100 $5,800- 85 235 26 36 36 8 Christa ArtsAcademyMcAuliffeSchoolofandSciences K-12 MasteryPersonalizedBased $3,795 $14,995- 95 350 25 26 7 AcademyColumbia PK-8 IndividualizedPrograms $6,950$8,400- 95 25 9 17 1 La Salle Catholic College Prep 9-12 College Prep $12,990 85 700 25 31 55 40 Micha-el School PK-8 Waldorf $4,750$7,020- 85 119 13 11 10 10 Our Lady of the Lake K-8 Catholic $14,025 97 898 21 31 47 50 Park Academy 3-12 CollegeLanguagePrep,Learning 45 80 8 25 30 12 Portland Waldorf School PK-12 Waldorf $5,320 $18,200- 57 275 20 34 30 30 Spring ChristianMountainAcademy K-12 $3,500$4,500- 90 130 16 10 10 4 St. John the Apostle Catholic School PK-8 $5,735 98 174 20 10 40 13 St. John the Baptist Catholic School PK-8 Progressiveeducation $1,450 $9,000- 75 75 18 15 25 10 The SchoolMarylhurst PK-8 Parochial $2,100-$7,100 85 230 30 43 30 18 ElementaryTouchstone School 2-6 Multi-DisciplineProject-Based $13,900 95 71 16 36 9 5
Clark County (WA)
7.
9.
14.
Download the Houzz App and create ideabooks for each room of your house including front and backyard landscaping/entertaining. (Example search ideas: subway tile kitchen, mid century modern, landscaping, navy blue dining room, library ladders, the possibilities are endless!)
It’sMovingOurnew“feel”FigurenowyourOrganizemovecordsouttheofyourhomeTopTips:easytoforgetaboutthingswhenyou’removing.
forget. Remember.
Don’t
If you are not already in the habit of backing up your data, now is the time to do so. Invest in an external hard drive or sign up for an online data storage service. Consider changing your email passwords if you haven’t in some time. Cybercrime is a dominant threat, particularly during the course of real estate transactions when large sums of money are being wired.
For easier setup later, label each cord with the name of the device it goes to. For devices that have multiple cords, use colored dot stickers to label each cord and the hole it plugs into on the back of the device. This will save you much frustration when you reconfigure after the move.
Start with a virtual
De-clutter before you pack. Now is the opportunity to purge! If you don’t love it or need it, why bring it with you to your new space? Donate the excess to a Goodwill in your community.
Keep your dog on a leash and take it around the key rooms, one at a time, allowing it to sniff and explore, but under your supervision. You wouldn’t expect guests to run all over the house the moment they arrive, so don’t let your dog. Point out where its bed is, and keep upper floors out of bounds at first, so that your dog doesn’t feel overwhelmed by its new territory.
Introduce your dog to the new house:
Rsearch pet regulations in your city for licenses, vaccinations, etc. Order new tags.
Don’t forget about the pets!
Habitat for Humanity ReStore accepts a variety of new and reclaimed building materials, furniture, and appliances in good working condition.
Try to ease the transition of your furry friends. When you arrive at your new home, close the cat in a single room for safety, with water, the litter box, and its bed. Let your cat out at the end of the day to explore, but confine it to a few rooms so it doesn’t feel overwhelmed at first. Cats should be kept inside the house for a week or so to prevent them from trying to return to your old home.
Let go of belongings.excess
Collects food and clothing. Drop items off at 687 Sunshine Division - Portland Police Bureau N Thompson Street, Portland, OR 97227 Monday through Friday (9:30am to 11:00am and 12:30pm to 3:30pm) and Saturday (9:00am to 1:00pm). You can also drop items off in the blue donation barrel at any Portland Police Precinct.
cleanProfessionallyrugs
Tackling all your outdoor gear at the very end of the packing process is exhausting, yet it’s often the last area to be packed up. When your garbage bins are all full, make things easy by giving the outdoor areas of your home a walk-through now, throwing away anything that’s junky or broken.
Plan where you’ll want to place furniture. Upload your new floor plan to your househappytrax account so you have easy reference. You can also utilize this collection of data as a marketing feature should you sell down the www.househappy.org/trax-landingline.
Save documentsimportantObtainnewfloorplan
Like backing up computer files, saving important documents in a lock box is something we all should be doing. Gather and place birth certificates, passports and other vital records and sensitive financial documents in your box. When moving day arrives, this should stay with you.
Create movingabinder
Glamorous? No. But a clever packing idea? Absolutely. Fill with duvets, pillows, stuffed animals, etc. Then use the bags as space fillers and cushioning inside the truck. To keep items clean and protected, double the bags, tie, and shut. Use a permanent marker or sticky labels to note the contents.
No reason not to go old school here with a few paper items: from your moving or truck rental company and to-do lists, to your master packing list. Closer to your move date, tuck those papers into a folder, alongside current bills, stamps, and your checkbook. (Note: a lot of small contractors doing last minute to-dos don’t take cards.) Keep this binder with you at all times during the move.
Rugs and special clothing deserve to have a good clean before being moved over to your new home. Anything wool, jackets, suits, etc. - get professionally cleaned prior to moving, you can also have them wrapped for safety during the move.
Clear outsidethezonesSoftitemsintrashbags
Supplies (trash bags, scissors, lightbulbs, etc.)
Wine opener, or dishtowel to pop champagne
Start a stash of essentials
Set of sheets for each bed
A teakettle and/or French-press coffee maker
Bath towels, shower curtain, bath mat
Flashlight or candle
There is nothing worse than arriving at your new house and having to scramble to find basics. Start a collection of the items you will want to use right away:
One stack of dishes or a set of disposables
Toilet paper & paper towels
Box of bandages and Neosporin
Favorite snacks and your favorite movie on a laptop
Basic tools (screwdrivers, a hammer, etc.)
Pass keys off to new owners
instructionsProvide
Depending on the reason for your move, you may be entitled to a tax deduction.
Dispose flammableof or toxic items
Give a full set of house keys to the new homeowners. Don’t forget the shed, garage, cabinets, screen/ security doors, etc.
Update your social media with your new location. Post picture. Tag your realtor (and any other real estate professional who helped along the way)!
Freshen up and get clean
Collect receiptsyour
Plan now to use up food. Give the freezer a good cleaning and put baking soda inside to keep it fresh.
Open the windows on the first day to air out the rooms and freshen up the whole house. Out with the old and in with the new. Buy houseplants! They clean the air and make you feel at home.
For landscape maintenance, HVAC filter changes, household appliances, warranty manuals, interior specifications, (and if known: paint samples and special care instructions for hardwood and stone).
socialGet
Paint move-inbeforeEmptyandcleanyourfreezer
Drop off old paint cans at your local refuse station. Drain gasoline and oil from gaspowered tools. Movers won’t take them if they are full.
If you plan to give your space a fresh coat of paint, it makes a lot of sense to do this before moving all of your stuff in. You will be so glad you did.
Lawyers TitleOregon oregon.ltic.comLawyers Title of Oregon @ PleaseLawyers_Title_ORgiveusa#shoutout on social!
Home Seller’s www.oregon.ltic.comGuide
Lawyers Title of Oregon, Inc.
Residential Resale &RefinanceLender Services Builder & Developer New Home Sales Home Warranty Commercial Foreclosure Services Home Inspection Exchange1031 Services
We have a long history of providing outstanding title and escrow services to the Oregon real estate industry. Lawyers Title consistently ranks as one of the top title insurance providers in the state of Oregon. At Lawyers Title, we boast a team that is united by our commitment to make your real estate transaction effective and efficient. We offer the most comprehensive and reliable service available by utilizing skilled title and escrow officers combined with the expertise of our sales executives.
Lawyers Title of Oregon Services:
Lawyers Title is a wholly owned subsidiary of Fidelity National Financial, the #1 leader in financial strength. As part of the Fidelity family of companies, your real estate transactions are safe and secure.
Do you have experience with resolving problems and protecting your rights in a real estate transaction?
Do you know how to determine the current market value of your home?
Are you conversant enough with real estate law to write a legal and binding real estate contract?
Do you know how to determine whether or not a buyer can qualify for a home?
Do you know how and where to advertise your home most effectively and what the costs will be?
Did you know that each REALTOR has access to a Multiple Listing Service (MLS), which is a data base of properties listed for sale by REALTORS? Real Estate Agents refer to MLS for information.haveestatelisting.fordeterminingrableandshowpropertiesprospectivetotheirclientsforcompasaleswhenvalueaprospectiveOnlyrealagentsaccesstothis
Have you made arrangements for your home to be available for showing 12 hours a day, 7 days a week? If not, each hour that you do not provide this availability, your home is “off the market.”
Are you concerned about having strangers walking through your home?
Do you understand the steps of an escrow and what is required of you and the buyer to complete the transaction?
Do you know which title company, real estate attorney, termite company, inspection company and lender to hire that will provide the best service and costs to you?
Things Owner”PropertySellingConsidertobeforeYour“By
Preparing a flyer, email blast, or social media post to describe your property for public distribution.
“Open Houses” for the buying public. Conveniently scheduled appointments for house showings.
Posting a “For Sale” sign on your Advertisingproperty. in the media. This includes MLS, flyers, local papers and home buyer magazines.
By:Networking
By:Viewing
By:Promotion
It pays to work with a Realtor.
Work with you By:
Without the professional guidance and expertise of a REALTOR®, selling a home can often entail many unnecessary complications. The following information, as prepared by the National Association of REALTORS®, best describes the many benefits of contacting a professional REALTOR® to handle all your real estate needs. The term REALTOR® is a registered, collective membership mark which identifies real estate professionals who are members of the National Association of REALTORS®. A REALTOR® is bound by a Code of Ethics and pledges to protect and promote the interest of the seller by providing fair treatment for all parties involved in the transaction. Here are some ways a REALTOR® can help you sell your home:
Conferring with you regarding when you want to place your home on the Establishingmarket. a sale price based on the Establishingfollowing: your probable net Advertisingproceeds. your home and making suggestions on what you can do to make your property more sellable. Reviewing the necessary paper work withResearchyou. of comparable properties. Considering the current local market conditions.
Neighborhood mailings. National relocation services. The Real Estate Association. Their personal network of clients.
Selling a home?
Explainingclauses. the legal disclosure
Explainingobligations.contingencies and release
Negotiating the Contract By:
Following closely the progress of the buyer’s loan and coordinating the payoff of your existing loan.
Closely monitoring contingency removal dates and discussing these with Coordinatingyou. the details of the transaction with the escrow officer. Making sure you get your check and settlement documents promptly after closing.
Managing andClosing Escrow By:
Explainingrequirements.the ramifications of pest control offer.theExaminingregardingExplaininginspections/reports.yourresponsibilitiestheconditionoftheproperty.offerscloselyandexplainingreasonsbehindapossiblecounter-
Reviewing the contract and your
Facilitating the appraisal process. Staying in constant communication with the buyer’s agent to ensure a smooth escrow.
Inspect the roof for necessary repairs and any visible broken tiles or shingles. Repair cracks in the driveway and sidewalks. Clean up oil stains.
Mend or paint neighboring fences or walls.
A little refresh goes a long way
Check and repair caulking in showers and bathtubs. Install new shower curtain liners. Keep bathrooms looking and smelling fresh.
Repair the minor flaws that can detract from your home’s value, such as leaky faucets, sticking windows and doors, broken handles and knobs. Remove cobwebs from ceilings and other areas.
Simple, inexpensive redecorating can result in a quicker sale at a higher price. Light neutral paint colors, such as off-whites, permit most every one to “imagine” their furnishings in your home.
Remove excess furniture so rooms don’t look small and cluttered. Have a garage sale or donate unneeded items. It will make your home look better, and there will be less to move later!
First impressions first!
Preparing your house for market:
Squeaky clean bathrooms
Never enough space
Clean carpets if they are heavily soiled. Spot clean stains.
Let the front of your house greet guests with a clean, maintained yard by fertilizing lawns, planting fresh seasonal flowers, and trimming overgrown shrubbery.
Eliminate the distractions
Remove all unnecessary items in your attic, basement, or other storage areas and organize all closets to show ample space.
Make sure your front door is solid, fresh, and welcoming.
Painting can be expensive, but a little touch up goes a long way.
1. Price your home right 15 listinghometips Your agent can research comparable sales in your area and advise you of the appropriate price range for your property. 2. Have your agent explain what financing options are available. Flexibility on financing terms may secure a better selling price. Be flexible on financing terms
Put some items in storage, create more light, play music or otherwise improve the ambience. Your agent can offer helpful advice to create the right first impression.
435
Make your propertyaccessible to buyers
Stage your property correctly
Time it right
1/.
Ask a real estate professional to determine whether the market cycle is poised to net you the most money.
Use the latest marketing technology
Lock boxes are a great way to make your home accessible to agents for showing. Appointment-only showings are the most restrictive. If your lifestyle is not compatible with frequent showings, your agent will help you determine a solution to suit your needs. Remember, the easier a home is to show, the better the odds are of getting the deal you want.
Make sure your agent utilizes the latest technology, such as Internet sites and social media that cater to home-buyers. In some areas, cable advertising is popular. Others use apps or iOS based scheduling systems. A good agent will know where you can get the best exposure.
6
Eighty percent of all buyer activity comes from signs and MLS listings. So, if you are not getting offers and are flexible with showing your home, it may be time to re-evaluate your price, not necessarily your agent.
plantheRe-evaluatemarketing
Re-evaluate your agent’s marketing plan periodically. Make needed adjustments based on the current market and buyers.
Analyze why you gettingaren’toffers
Rememberselling property isn’t seasonal
Do not base selling decisions on the seasons. Property sells year-round.
7. 8. 9.
The top agents in the industry report their sellers are responsible for at least one out of ten sales. You can network with your business and personal friends, hand out flyers, and keep your house in move-in condition. Your agent should be ready to hand you all sorts of assignments to make the team effort successful.
First impressions are golden
Test marketthe
Sales have gone south thanks to unkempt lawns, cluttered closets, unpainted front doors, hard-to-work locks, blown light bulbs, bold color, stains, unlit areas, and foul smells. Spend time on the little things. Double up on your gardening. Keep things cleaner than usual. Take serious control of your pets during this time period. 11.
Homes may take three to six months in any market. Estimate how much time you have before you need to sell and then plan ahead to allow extra time. You don’t want to be forced to accept a disappointing offer.
Never put your property on the market unless you really want a sale! Get ready for a professional sales push when you list. If your plan harbors some indecision, resolve it before you list because success is every great agent’s objective.
Before making improvements, prior to listing, consult a real estate professional. Some upgrades will not yield any real increase in value, while others may increase property value substantially. Ask for low-cost solutions to minor repairs that will yield the best profits.
Believe that you can make a difference
15.Make the right kind of repairs
One of the best reasons for hiring an agent is his or her ability to pre-qualify a prospect financially, so you don’t lose valuable negotiation time. Your agent may discover when a prospect has an ulterior motive for shopping homes.
10.
12. 13.
Screen adequatelyprospects
14.
Give the sales process enough time
Protect your pets. Keep them out of the way in a restricted area or even out of the house.
Remove excess clutter from floor, tables, and counter tops.Keep your valuables safely locked up or out of sight.
Remove excess toys and equipment from the yard. Spray off your driveway and patios.
Fresh flowers in the front yard, on the porch, and in the house can create a welcoming effect.
Clean the bathrooms so they sparkle!
Light refreshments such as tea and cookies are a nice touch. Fresh baked cookies or simmering cinnamon potpourri creates a pleasant aroma (or check with your agent to see if refreshments will be provided).
Don’t forget to make the beds and do the dishes. Dust and vacuum the house thoroughly.
Open all blinds and drapes to make the home light and Turncheerful.onadditional lights and lamps as needed.
Turn off all TVs. Very soft background music may be acceptable in some cases.
Open House Preparation Checklist
If possible, make arrangements to be out of the house to permit the agent to do “their job.” If you are home, don’t force conversation with potential buyers. Be polite, answer questions, and point out highlights. They want to inspect your house, not make new friends.
Receive and review Earnest money Agreement and Broker’s instruc ons.
Gather informa on from buyer and seller.
Send tle report to lender.
Open escrow. Order tle OrReDeterminereport.financing.ceivetlereport.Sendcopiesasrequested.Resolveanytleissuesderanypay-offdemands.Reviewfile.Arecondionssasfied?Conngenciesremoved?Requestfireinsurance.Prepareclosingdocumentsandotherdocuments.Obtainsignaturesandclosingfundsfrombuyer/seller.RecordtransaconwiththecountyClosefile.Preparefinalstatements.Disbursefunds.Forwardfinaldocumentstoallinterestedpares-Buyer,Seller,RealEstateAgents,Lender,Broker,Aorney,etc
NEW LO AN
LoanNew
No fy escrow team wit name of new lender and loan officer.
Recieve no ce of final loan approval. Are ReDelivecompleterepairs?rSeller&BuyerClosingstatementLoandocumentsdeliveredtoescrowturnloandocumentsforrecordingapproval.Orderloanfunds.
ChartFlowEscrow
The home sale
escrowThe
As part of the purchase contract, Seller agrees to purchase a title insurance policy for the Buyer and both agree to close the transaction with a licensed escrow company. In Oregon, most title insurance companies also offer escrow services to facilitate a convenient “onestop” approach to closing real estate transactions.
Property owner (Seller) initiates a contract, or a listing agreement, with a licensed real estate agent.
Property owner (Seller) enters into a purchase contract, typically referred to as an Earnest Money Agreement, with a Buyer.
The agreementlisting
• Disbursing funds as per written instructions and issuing title insurance policies to the proper parties.
• Ordering the title insurance policies. Prior to the issuance of a policy, the title company will issue a preliminary title report which is sent to all interested parties involved in the transaction. The report will detail the current condition of the title to the property.
• Scheduling appointments for all parties to sign the necessary documents to complete the transaction.
Escrow is a neutral third party depository for legal documents and funds necessary to complete a real estate transaction. The escrow agent will disburse funds and record documents for the proper recipients according to their written instructions. As part of the purchase contract in a real estate sale, Seller agrees to purchase a title insurance policy for the Buyer and both agree to close the transaction with a licensed escrow company. Lawyers Title of Oregon offers both title insurance and escrow services to facilitate a convenient “one-stop” approach to closing real estate transactions.
What is escrow?
• Preparing a closing statement for each party showing all credits and debits.
• Prorating taxes, insurance, etc.
3. What services does an escrow officer perform on behalf of the Seller and Buyer?
1.
The fee for escrow services is based on the sales price of the property. This fee is typically split equally between the Buyer and Seller. However, Buyers should check with their lenders if financing is involved because some federally insured lending programs do not allow borrowers to pay this fee. The Seller typically pays for a standard owner’s policy of title insurance which names the Buyer as the insured. Charges for this policy are based on the sales price of the property. The Buyer typically pays for a lender’s policy of title insurance and any required endorsements if s/he is obtaining a new loan to purchase the property. Charges for this policy are based on the loan amount.
2. What title insurance and escrow costs are incurred in a real estate sale?
The escrow officer facilitates the closing procedures. For a typical sales transaction, these services include:
• Clearing any liens and/or encumbrances against the property as per instruction.
• Returning signed loan documents for the lender to review and approve and forwarding all necessary documents to recording.
Generally, when an owner agrees to sell real property or applies for a loan, he/she represents to a Buyer or a lender that the title is clear or will be cleared of particular encumbrances, while other acceptable encumbrances may remain.
Title insurance is designed to protect an owner of real property and/or a lender against actual loss resulting from title deficiencies.
Insurance.TitleHowdoesitwork, and what do I Obtainingreceive?acleartitle.
When a Seller agrees to transfer clear title to a buyer, the parties will turn to a title company. It will examine the title to identify matters that may need to be cleared as a condition of the purchase. To this end, the title company produces a preliminary report showing the status of the title. The report is preliminary to, and becomes the basis for, a policy of title insurance to the Buyer and, if the Buyer is financing the purchase, to the Buyer’s mortgage lender. The title examination is an examination of documents recorded in the county land records, of some local court records and of records of local taxing authorities. The purpose is to verify the Seller’s ownership and to identify liens and encumbrances of record. In general, the monetary liens will be cleared through escrow, such that a buyer usually acquires title free of monetary liens. Other encumbrances will remain, such as planned community or condominium declarations of covenants, conditions and restrictions. Either way, the process is one of identifying matters that need to be cleared through escrow and matters that, by agreement of the parties, will remain in place.
Title insurance will confirm the status of encumbrances that may affect title to the real property. The PRELIMINARY TITLE REPORT states the condition of the title at the time title insurance is ordered. After the sale or loan is closed and the transaction completed, a policy is issued detailing the encumbrances that remain in effect. These encumbrances have been accepted by the Buyer and/or lender involved in the transaction and may include the new financing encumbrances as well as other exceptions like covenants, conditions and restrictions or utility easements.
A Lender’s policy is issued to the new lender for the amount of the new loan and is typically paid by the Buyer or borrower. The Lender’s policy is in effect until the loan is paid in full and the obligation is released.
AN OWNER’S POLICY (ALTA) is issued for the full purchase price and is typically paid for by the Seller. An Owner’s policy is in effect up to the amount of the policy until the property is sold and title is passed to new purchasers.
The Lender has approved the signed documents and released them for recording (note: lenders typically have 24-72 hours to read and approve documents for recording).
Both the Buyer and Seller have signed and fully executed the necessary documents.
The Buyer’s money has been deposited into the escrow account.
The above steps must be accomplished before keys are released to the new Buyer (unless there are written instructions to the contrary) and the Seller’s proceeds check is disbursed.
The Lender has wired or sent loan funds that are deposited and ready to Thedisburse.new
For a real estate transaction placed in escrow, “closing” is the final process necessary to complete the transaction. In a typical sale transaction, “closing” takes place when:
deed and financing documents have been recorded with the county.
What is closing?
Tips for smoothaclosing:
photo ID to the closing appointment. Your escrow officer will need to notarize your signature.
Lawyers Title will go above and beyond to make the closing experience as effortless as possible on your end. As a courtesy, you can sign your documents in any of our five branches conveniently located throughout the tri-county area.
Contact your insurance agent and obtain a binder showing proof of hazard (fire) insurance coverage. Please provide your escrow officer and/or your loan officer with the name and number for your insurance agent.
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Make sure to inform your escrow officer as early as possible if you will need special accommodations for signing, such as requesting a mobile notary to come to your place of business.
The funds you are asked to deposit at the time of closing must be in the form of a cashier’s check, or be wired into the escrow account by your Bringbank.your
one
As you get closer to the contract close date, try and be as flexible with your schedule as possible. With many parties involved in a real estate transaction, even the best laid plans can become last minute fire drills.
The lender will receive a copy of the appraisal a few days after the appraiser has been to your home. You may be told that the appraiser has some repair requirements before the lender can loan the buyer any money on your house. In that case, you must repair these problems and the appraiser will return for a re-inspection at an additional cost.
The appraiser will measure your home, take photographs, and examine your house for its condition, specific improvements, and amenities. You can help the appraiser by preparing a list of recent improvements and remodeling that has been done. Include the approximate amounts spent for each improvement. Some appraisers will appreciate this information while others may not. However, if you had the information prepared for buyers looking at your home, then providing it for the appraiser will be a snap.
When you sell your house and the buyer is securing a new loan in order to purchase the property, the buyer’s lender requires a licensed appraiser to estimate the market value of the property. The appraisal will show the lender that they are making a prudent decision lending the buyer the money to buy your house.
If the buyers of your property are getting an FHA or VA loan, a few special requirements will be placed on your house. You must scrape and paint all chipping or peeling paint on your house or any structures on the property. You should also replace any missing or damaged shingles and missing slats or blocks in your fence.
Once the buyer begins the new loan application process, the lender will order the appraisal. In order to estimate the market value of your house, the appraiser will research the houses recently sold in your subdivision and/or your immediate area. Appraisers prefer to use sales that have occurred within the past 6 months and are similar to yours in regards to square footage, year built, and amenities (i.e. swimming pool, garage, single story).
The ProcessAppraisal
• This inspection can encompass inspection of the roof, plumbing, electrical, heating and any other accessible area of the property.
• The standard Oregon Association of Realtors® purchase contract used by most real estate agents contains a provision that allows the buyer to physically inspect the property being purchased, either by himself or by a professional inspector or inspectors within the first ten days of acceptance of the contract by the seller.
3.1.InspectionsHome 4.2.
InspectionsCommonPestStructuralControl
• It is the seller’s obligation to provide the buyer access to the property during this ten day inspection period for any inspections the buyer requires.
• To determine any active infestation by wood destroying organisms.
• Well and Septic • Hazardous Materials • Chimney • Heating and Cooling • Survey • Zoning and Building Permit Compliance • Structural Engineering
• A detailed report or reports will be written by the inspector or inspectors with recommendations for repairs, and the same will be delivered to the buyer. Subsequently, the buyer will request of the seller any repairs that the buyer wishes the seller to be responsible for. Repairs, would be completed prior to the close of escrow.
InspectionPhysical
• To determine whether there is any earth to wood contact, cellulose debris, or faulty grades on the property.
• In the event that there are wood destroying organisms or secondary issues with regard to the property, generally these issues must be addressed prior to the close of escrow. If the termite company that did the initial report does not do the repairs, then the property must be reinspected by a termite company and a clear report deposited into escrow, prior to the close of escrow.
WarrantiesBenefitsWarrantiesHomeof
Replacement or repair of major or minor plumbing, heating or electrical problems during the policy period at a nominal service fee per incident, a full network of qualified technicians at your service, and protection of your budget against unexpected expenses for repairs or replacements of systems in your home for the first year of ownership (or subsequent years if renewed)
Home Warranties are insurance policies designed to protect a seller during the listing period, (and the buyer for one year after the close of escrow), against repair costs for mechanical systems and major appliances. The cost of a home warranty is a one time fee which either the buyer or the seller can pay at the close of escrow. It is renewable annually. There are a variety of home warranty companies and plans. The plans vary according to the optional coverage chosen by the insured, which might include heating, air conditioning, dishwasher, washer, dryer, refrigerator, garbage disposals, and pool or pool and spa equipment, and more
•
Lender’s title insurance premiums and endorsements
• Property tax proration (from date of transfer to June 30)
• of escrow tax proration (from July 1 to date of transfer)
• Half of the escrow fees 50%
fee 50% • Property
Real
program
Any
• Any
taxes
• Fire insurance premium for first year of ownership
Charges in Oregon Real Estate Sale
forWhoTransactionspayswhat?
Seller typically pays for:
• Interest on new loan (charged from date of funding to 30 days prior to first payment date)
LawyersNote: Title provides this sheet to familiarize customers with typical closing costs for a normal sale transaction. Each transaction is different and may vary from this guideline. Customers are cautioned to check with their lender and escrow officer to get information on actual charges and costs.
• Recording charges for the new deed and loan security documents
• Recording
sales commission • Loan
• All new loan charges (except those required to be charged to the Seller by a lender or loan program)
• liens or judgments levied against the Seller and release charges for any documents used to release liens against the property delinquent property
• estate fees required by Buyer’s lender or loan
the
Buyer typically pays for:
Owner’s title insurance premiums • Half
Q. When do I cancel homeowner’s/fire insurance?
A. On the date of recording, you may request that your escrow officer either cut you a check for your proceeds or wire the funds directly into your bank account.
Q. When do I get a refund from my tax and insurance impound account?
A. After your escrow officer sends your payoff check to your existing lender, you can expect to get impound funds back from your lender within 30-60 days. If you have any questions after that time, we suggest calling your lender.
Q. How do tax prorations work?
A. The fiscal tax year begins July 1 and ends June 30. Taxes are a lien, due but not yet payable until the tax rolls are certified on or before October 15. Property taxes then become a lien due and payable. Property taxes are due on or before November 15. The escrow agent determines what portion of the current year‘s property taxes the Seller and Buyer should pay. Depending on what time of the tax year the transaction closes, the Seller will either be credited with his unused portion if the taxes are already paid or debited for the time he had possession before the taxes were due and payable.
A. Please do not cancel your insurance until you have confirmed that your transaction has closed.
The frequentlySeller’saskedQ.WhendoIgetmyproceedscheck?
Q. Why do I have to pay interest on my loan pay-off past the day of recording?
A. Your loan continues to accrue interest to the date that they post your loan as being paid in full. This could be one or two days from the date your escrow officer sends your pay-off check via overnight mail or wire transfer.
A. Take one of the following: Oregon Drivers License, Oregon ID card, Military ID.
Q. What will I need to take with me to Lawyers Title of Oregon to sign my documents?closing
A. Under guidelines established by the IRS, sellers of real property are required to have their sales price reported and a 1099 form is the form the IRS uses for this.
Q. What is a Statement of information?
eight mostasked
A statement of information provides identifying information to the title company on the Buyer(s) or Seller(s) to distinguish them from similar names. After identifying the true Buyers and Sellers, the title company can disregard any judgments, liens, or other matters against other persons, and issue clear title insurance at closing.
questionsQ.WhydoesmyescrowofficerrequirethatIcompletea1099form?
Leave keys & garage openers
Documents to Obtain
Forward address to post office Credit
Electric (check for refund)
Schools, Licenses, Services
School
Telephonecards(check for refund)
Preparing for the Move
Register children for school
Cable (check for refund)
Bottled water, propane, etc.
Ask postman to hold mail for your arrival
Defrost refrigerator Pet Banktransportationaccounts
Gas (check for refund)
Medical records
New veterinarian
Driver’s License (apply for new address)Newdoctor
Garbage pickup
Address Change
Dental records Veterinarytranscriptsrecords
Medical Services
Water (check for refund)
Utilities
ChecklistMoving
New dentist
Register car
Register to vote
Address Change
New Residence
CableWaterGasUtilitiesTelephoneGarbagepickupBottledwater,propane, etc.
Why
Every property has a history, and over the years things like liens, fraudulent claims, undisclosed heirs, and easements may cause confusion over who has rights to the property. These concerns are evident in every 1 out of 3 properties. That‘s where Lawyers Title steps in. Our title solutions provide proof of a clear title and insure real property ownership, the cornerstone to a safe and successful home purchase. Buying and selling real property is a transactional process and varies nationwide. LAWYERS TITLE‘S LOCAL ESCROW EXPERTS are here to help you move all the way to a successful closing. Our job is to mediate difficult circumstances, disburse funds, and transfer property ownership.
SavedifferentlyWhatTitle?Lawyerschoosewedomoney on your next realestate transaction.
We understand this is not solely a transactional process. This is the changing story of the landscape encompassing big stakes, high emotions, and new lifestyles. Whether you are transitioning from one house to another, adding to your real estate portfolio, or entering the market for the first time, YOUR LIVELIHOOD DEPENDS ON OUR SUCCESS. We will go ABOVE AND BEYOND TO EARN YOUR TRUST and deliver a great closing experience.
Save 25% on your next title insurance premium, should you refinance or sell any Oregon property you own within 3 years of the date you last purchased a title insurance policy for that property. This offer is good, even when the policy was issued by someone else. It’s our pleasure to serve you.
(For your record keeping)
The number of wire fraud scams reported by title companies to the Internet Crime Complaint Center spiked 480% in 2016 according to a warning that was recently issued by the Federal Bureau of Investigation. While our team at Lawyers Title has extensive security measures in place to minimize risk and protect our clients, we are aware that fraudsters are constantly seeking creative ways to scam innocent victims.
toTermsProceedsavoid
Account Escrow Wire Transfer
Utilization of a secure, authenticated email system is one of the most effective ways we protect our clients from wire fraud. We also actively encourage direct, personal confirmation of wire instructions before completing the wire transfer. If you recieve an email, text, or alternate form of communication that highlights the following terms, be aware - the communication might be from fraudsters.
In general, it is wise to avoid subject lines in an email referring to “escrow“ or any financial terms. A few common “trigger“ terms to avoid in particular are listed below.
Payment Funds
to protect yourself from the danger of wire fraud
Common “trigger” terms
For more information about how to protect yourself from the ever-changing threat of wire fraud, please contact your Lawyers Title sales executive or escrow officer today. Also, be sure to request your transaction information sheet for your personal contact directory and remember to... Always inquire before you wire.