PROPERTY DETAILS
PROPERTY ADDRESS
14703 NW KILLIN RD BANKS, OR 97106
OWNER INFORMATION
OWNER NAME: Harrison Living Trust
VESTING:
MAILING ADDRESS: 14703 NW Killin Rd Banks OR 97106
OWNER STATUS: Owner occupied
LOCATION DESCRIPTION
COUNTY: Washington
CENSUS / BLOCK: 033500 / 3002
TSP - RNG - SEC: 02N - 04W - 27
LOT / BLOCK: /
HOUSING TRACT:
ALT PARCEL #: R0813383
SCHOOL DISTRICT: Banks
MUNICIPALITY: Banks PARCEL #: R813383
LAST MARKET SALE PRIOR SALE
DATE: DATE:
SALE PRICE:
DOCUMENT #:
SALE PRICE:
DOCUMENT #: DOC TYPE: DOC TYPE:
SQUARE FOOT $:
LENDER:
LENDER: LOAN: LOAN: LOAN TYPE:
LOAN TYPE: LOAN TERM:
PROPERTY DETAILS
PROPERTY ADDRESS
14703 NW KILLIN RD BANKS, OR 97106 2
PROPERTY CHARACTERISTICS
GROSS AREA: 1,913
LIVING AREA:
ABOVE GRADE:
BEDROOMS: 2
BATHROOMS: 2
FIREPLACE: 1
YEAR BUILT: 1939
PARKING TYPE: Carport
UNITS:
BASEMENT:
GARAGE AREA: 816
ROOF SHAPE:
FOUNDATION: 03
ROOF MATERIAL: Other
CONSTRUCTIONS: Wood
HEAT TYPE: Heat Pump
COOLING TYPE:
EXTERIOR WALL: Wood
ROOMS:
QUALITY:
INTERIOR WALL:
PORCH TYPE:
PATIO TYPE: AIR COND: Y
FIXTURES: FLOOR:
EQUIPMENT:
STORIES: POOL:
CONDITION: Good
PROPERTY INFORMATION
LAND USE: Designated Forestland - Impro
ZONING: Exclusive Forest And Conserva
COUNTY USE: Residence Single Family
LOT ACRES: 5
STATE USE: LOT SQ FT: 217,800
LEN / WID:
TAXES AND ASSESSMENT INFORMATION
ASSD YEAR: 2024
ASSD VALUE: $292,350
TAXABLE VAL:
TAX YEAR: 2024
LAND VALUE: $284,830
MKT VALUE: $480,570
TAX AREA: 13.14
IMP VALUE: $195,740
EXEMPTIONS:
PROPERTY TAX: $4,272.85
IMPROVED %: 41 DISTRICT:
PROPERTY DETAILS
PROPERTY ADDRESS
14703 NW KILLIN RD BANKS, OR 97106
OWNER INFORMATION
OWNER NAME: Harrison Living Trust
VESTING:
MAILING ADDRESS: 14703 NW Killin Rd Banks OR 97106
OWNER STATUS: Owner occupied
LOCATION DESCRIPTION
COUNTY: Washington
CENSUS / BLOCK: 033500 / 3002
TSP - RNG - SEC: 02N - 04W - 27
LOT / BLOCK: / HOUSING TRACT:
ALT PARCEL #: R0813374
SCHOOL DISTRICT: Banks
MUNICIPALITY: Banks PARCEL #: R813374
LAST MARKET SALE PRIOR SALE
DATE: DATE:
SALE PRICE:
DOCUMENT #:
SALE PRICE:
DOCUMENT #: DOC TYPE: DOC TYPE:
SQUARE FOOT $:
LENDER:
LENDER: LOAN: LOAN: LOAN TYPE:
LOAN TYPE: LOAN TERM:
PROPERTY DETAILS
ADDRESS
PROPERTY CHARACTERISTICS
GROSS AREA:
LIVING AREA:
ABOVE GRADE:
BEDROOMS:
BATHROOMS (F/H): 0 / 0
FIREPLACE: 0
YEAR BUILT:
PARKING TYPE:
UNITS:
BASEMENT:
GARAGE AREA: ROOF SHAPE:
FOUNDATION: ROOF MATERIAL:
CONSTRUCTIONS:
HEAT TYPE:
COOLING TYPE:
EXTERIOR WALL: ROOMS:
QUALITY:
INTERIOR WALL:
PORCH TYPE:
PATIO TYPE:
AIR COND:
FIXTURES: FLOOR: EQUIPMENT:
STORIES: POOL:
CONDITION:
PROPERTY INFORMATION
LAND USE: Designated Forestland - Impro
ZONING: Exclusive Forest And Conserva
COUNTY USE: LOT ACRES: 9.75
STATE USE: LOT SQ FT: 424,710
LEN / WID:
TAXES AND ASSESSMENT INFORMATION
ASSD YEAR: 2024
ASSD VALUE: $14,830
TAXABLE VAL:
TAX YEAR: 2024
LAND VALUE: $19,310
MKT VALUE: $150,640
TAX AREA: 13.11
IMP VALUE:
EXEMPTIONS:
PROPERTY TAX: $203.64
IMPROVED %: DISTRICT:
AREA HISTORY
DEMOGRAPHICS
ASSESSOR MAP
STREET
AERIAL MAP
CITY BOUNDARY MAP
SCHOOLS
Banks School District
ELEMENTARY SCHOOLS
NAME: Banks Elementary School
ADDRESS: 42350 Nw Trellis Way
CHARTER SCHOOL: No
MAGNET SCHOOL:
CITY, STATE, ZIP: Banks, OR 97106 AREA DESCRIPTION: 41-Rural: Fringe
PHONE: (503)324-2772
GRADES: Kindergarten - 5th Grade
NAME: Harvey Clarke Elementary School
2.69 mile(s)
TITLE ONE: 1-Yes
CHARTER SCHOOL: No
ADDRESS: 2516 N B St MAGNET SCHOOL:
CITY, STATE, ZIP: Forest Grove, OR 97116
PHONE: (503)359-2478
DESCRIPTION: 21-Suburb: Large
7.47 mile(s)
GRADES: Kindergarten - 4th Grade TITLE ONE: 2-No
MIDDLE SCHOOLS
NAME: Banks Middle School
ADDRESS: 12850 Nw Main St
CITY, STATE, ZIP: Banks, OR 97106
CHARTER SCHOOL: No
MAGNET SCHOOL:
AREA DESCRIPTION: 42-Rural: Distant PHONE: (503)324-3111 DISTANCE: 2 60 mile(s)
GRADES: 6th Grade - 8th Grade TITLE ONE: 2-No
NAME: Tom Mccall Upper Elementary
CHARTER SCHOOL: No
ADDRESS: 1341 Pacific Ave MAGNET SCHOOL: CITY, STATE, ZIP: Forest Grove, OR 97116
DESCRIPTION: 21-Suburb: Large PHONE: (503)359-2506
7.68 mile(s)
GRADES: 5th Grade - 6th Grade TITLE ONE: 1-Yes
HIGH SCHOOLS
NAME: Banks High School
ADDRESS: 13050 Nw Main St
CHARTER SCHOOL: No
MAGNET SCHOOL: CITY, STATE, ZIP: Banks, OR 97106 AREA DESCRIPTION: 42-Rural: Distant
PHONE: (503)324-2281 DISTANCE: 2.62 mile(s)
GRADES: 9th Grade - 12th Grade TITLE ONE: 2-No
NAME: Forest Grove High School
CHARTER SCHOOL: No
ADDRESS: 1401 Nichols Ln MAGNET SCHOOL: CITY, STATE, ZIP: Forest Grove, OR 97116
PHONE: (503)359-2432
AREA DESCRIPTION: 21-Suburb: Large
DISTANCE: 6 87 mile(s)
GRADES: 9th Grade - 12th Grade TITLE ONE: 2-No
Students We Serve
OREGON AT-A-GLANCE DISTRICT PROFILE
Banks SD 13
SUPERINTENDENT: Brian Sica | 12950 NW Main, Banks 97106 | 503-324-8591
Students
Grade 3 ENGLISH LANGUAGE ARTS
Students
Grade 8 MATHEMATICS
2023-24
ON-TIME GRADUATION
Students
Students
District Goals
Our district strives to ensure that our efforts produce educational excellence in all of our outcomes. We work to produce a students and staff experience that makes all members of our community happy and proud. We organize our efforts around five key areas: Empowering our Students, Enriching Our Facilities, Energizing our Team, Engaging our Community, and Aligning our Resources. By attending to those key efforts, we know that we will prepare every student for learning and life. Our specific metrics for success and intentional actions can be found on our website.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% on-time graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE DISTRICT PROFILE
Banks SD 13
Outcomes
American
REGULAR ATTENDERS
Grade 3 ENGLISH LANGUAGE ARTS
<10
<10
<10
Grade 8 MATHEMATICS
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable <10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students
ON-TRACK TO GRADUATE
American Indian/Alaska Native <10 students or data unavailable Asian <10 students or data unavailable
Black/African American <10 students or data unavailable
<10 students or data unavailable
students or data unavailable
ON-TIME GRADUATION
<10 students or data unavailable
<10 students or data unavailable <10 students or data unavailable <10 students or data unavailable
students or data unavailable
FIVE-YEAR COMPLETION
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable <10 students or
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable <10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10 students or data unavailable
<10
<10 students or data unavailable
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Banks Elementary School
PRINCIPAL: Marjorie Salter | GRADES: K-5 | 42350 NW Trellis Way, Banks 97106 | 503-324-2772
2023-24
REGULAR ATTENDERS
Students
MATHEMATICS
School
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
Visitors and volunteers are welcome at Banks Elementary and are encouraged to come and support the school. Volunteer background reference checks are done every year for any person over 18 who volunteers under the supervision of a licensed staff member. Lunchtime is a popular time for parents to visit their children mid-day as well as be a part of the school community.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Banks Elementary School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Banks Elementary follows all policies and procedures to protect students and staff from unsafe situations and conditions. BES utilizes the Character Strong curriculum for social and emotional wellness as well as Second Step curriculum for bullying prevention. BES is also a Positive Behavior and Interventions School. As a district we are also members of the SafeOregon.com safety threat reporting network.
EXTRACURRICULAR ACTIVITIES
Banks Elementary is the hub of the community. In an effort to provide positive experiences for students after school, we offered a Robotics club, a choir club, as well as an art class. We will continue to make additions to after school opportunities for our students. Banks Youth Sports is still active and a large part of our community.
PARENT ENGAGEMENT
Volunteers are an important part of our school community. We have many parents who spend hours at the school, providing much appreciated support to students and staff. Parents are encouraged to attend parent-teacher conferences as well as assemblies, evening events, fundraisers and performances at the school.
COMMUNITY ENGAGEMENT
Banks Elementary has a strong ParentTeacher Organization that encourages participation in family events and fundraising opportunities. In the past, the PTO has sponsored an Open House at the start of the school year, concerts during the school year and a STEAM night in May. These events are always very well attended and we look forward to offering these opportunities to our students and families again this year. The school has also partnered with a before/after school daycare group for families needing additional supervision coverage for their children before and after school as well as on non-school days.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Banks Middle School
PRINCIPAL: Caitlin Everett | GRADES: 6-8 | 12850 NW Main St, Banks 97106 | 503-324-3111
CLASS SIZE
REGULAR ATTENDERS
Students
2023-24
ENGLISH LANGUAGE ARTS
MATHEMATICS
School Goals
1.
environment.
3. Engage our community through proactive communication and opportunities to get involved.
4. Enrich our facilities by creating a safe and welcoming environment, inclusive and accessible spaces, and being a source of pride in our community.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
At BMS, we work hard to make sure students and parents feel safe and valued. We begin introducing students to BMS with a visit to our campus while they are still in 5th grade and an orientation night for parents of incoming 6th graders in August. Our small size allows every staff member the opportunity to get to know each student personally, which translates into individualized support for each student and a sense of connection throughout the school community. Our school also utilizes the CharacterStrong program to teach and promote prosocial behaviors.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Banks Middle School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Banks Middle School is committed to cultivating a culture of kindness. We utilize multi-tiered systems of support (MTSS) to identify students in need of support in academic, social, behavioral, and/or emotional areas and implement a system of interventions to support student needs. Bullying and harassment are taken seriously and our administrative team works closely with students and families to address concerns and repair harm. As a district we are also members of the SafeOregon.com safety threat reporting network.
EXTRACURRICULAR ACTIVITIES
At BMS, we offer many opportunities for our students to enrich their middle school experience outside the hours of the regular school day. We support the following activities to enrich our students’ academic, physical, and social well-being: Homework Club, STEAM Sisters, Banks Youth Sports, Oregon Battle of the Books, and Dance Team. We also take our 6th graders to outdoor school.
PARENT ENGAGEMENT
We have a Parent Teacher Organization at BMS, which hosts our school dances, 8th grade promotion, and provides other enriching activities and materials for our program. The PTO also provides the volunteer support that makes possible our annual events like Registration Day, field trips, and Field Day. Parents receive regular newsletters, and can learn about how to support their children at information nights. Additionally, all parents are encouraged to attend student-teacher conferences, assemblies, and music performances.
COMMUNITY ENGAGEMENT
BMS has a strong fine arts program which puts on multiple performances throughout the year, including band and choir concerts. We have an annual science fair,which is open to the community and includes presentations from BMS students. BMS, as the newest facility in the district, regularly provides the space for community sporting events, gatherings, and fundraisers.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Banks High School
PRINCIPAL: Jacob Pence | GRADES: 9-12 | 13050 NW Main St, Banks 97106 | 503-324-2281
REGULAR ATTENDERS
Students
Students
2023-24
Students earning a diploma within four years. Cohort includes students who were first-time ninth graders in 2019-20 graduating in 2022-23
FIVE-YEAR COMPLETION
Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2018-19 finishing in 2022-23
COLLEGE GOING
Students enrolling in a two or four year college within 12 months of completing high school in 202122. Data from the National Student Clearinghouse.
We empower our students by supporting their academic growth, offering enriching and challenging instruction, providing relevant learning experiences, and promoting a positive school culture.
We energize our team by engaging them with high quality professional development, providing the resources they need, and fostering a welcoming and engaging environment.
We engage our community through proactive communication and opportunities to get involved.
We enrich our facilities by creating a safe and welcoming environment, inclusive and accessible spaces, and being a source of pride in our community.
State Goals
The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.
Safe & Welcoming Environment
We have activities to help students transition successfully to high school and graduate in four years. We start each school year with a new student orientation to welcome students. We advertise and use SafeOregon as a resource to report concerns. We have two full time counselors to help meet all students social and emotional health and wellbeing.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Banks High School
Outcomes
REGULAR ATTENDERS
ON-TRACK TO GRADUATE
About Our School
ADVANCED COURSEWORK
Our school offers many dual credit, AP and Honors courses for our students in grades 9-12.
AP courses- Calculus, Biology, Environmental Science, Human Geography, Economics, Government, English Literature, and Psychology Honors- English 9, 10, and 12. Dual Credit- Agricultural Technology, Animal Science, Design Seminar, Film & Video, Graphic Design, Honors English 12, Trigonometry/Pre-Calculus, Welding 2.
We partner with College Board, NWRESD, Portland Community College, Western Oregon University, and Tillamook Bay Community College to offer college credit for high school classes.
CAREER & TECHNICAL EDUCATION
We offer two strands of Career and Technical Education. In each strand students can take several courses for high school and college credit:
-Applied Arts: Intro to Multimedia, Graphic Design, Film & Video, Media Arts, and Design Seminar
-Agriculture/Manufacturing: Intro to Agriculture, Welding, Metal Fabrication, Agricultural Technology, Horticulture, Veterinary Science, Supervised Agricultural Experience, Agricultural Business Management.
EXTRACURRICULAR ACTIVITIES
We offer several clubs, co-curricular, and extracurricular activities. Many of these activities have had a great deal of success. Many of our students participate in one or more of the activities offered.
Clubs and Co-Curricular Teams: National Honor Society, Drama, Robotics, Leadership, Native Club, Fabrication & Design, Future Farmers of America, Trap Club, Choir, Band, and Percussion. Extra-curricular: Cross Country, Soccer, Football, Volleyball, Wrestling, Dance and Drill, Basketball, Baseball, Softball, Track, Golf, Equestrian, and Flag Football.
PARENT & COMMUNITY ENGAGEMENT
We provide several newsletters throughout the year to parents. We maintain a social media presence to keep stakeholders informed about upcoming events and celebrate successes. We offer several events throughout the school year for parents including: parent-teacher conferences, financial aid night, 8th grade parent night, awards night, and mock interviews. We have a Parents' Association who meet monthly to support students and programs.
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
Bowling Alley
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
LOCAL BUSINESSES
Emergency Police/Medical/Fire 911
Poison Control (800) 222-1222 www.aapcc.org
United States Postal Service (800) 275-8777 www.usps.com
Xfinity (800) 266-2278 www.xfinity.com
Ziply Fiber (866) 699-4759 www.ziplyfiber.com
Verizon (800) 483-4100 www.verizon.com
AT&T (800) 288-2020 www.att.com
CenturyLink (866) 963-6665 www.centurylinkcom
Dish Network (800) 318-0572 www.dish.com
DIRECT TV (800) 531-5000 www.directtv.com
The Oregonian (503) 221-8240 www.oregonlive.com
TRI-MET (503) 238-7433 www.trimet.org
Northwest Natural Gas (800) 422-4012 www.nwnatural.com
Portland General Electric (503) 228-6322 www.portlandgeneral.com
City of Banks Water Provider (503) 324-8591 www.cityofbanks.org
City of Banks Sewer Provider (503) 324-8591 www.cityofbanks.org
Swatco Sanitary Service (503) 324-0230 www.swatcosanitaryservice.com
Banks School District (503) 324-8591 www.banks.k12.or.us
CHANGE OF ADDRESS
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $100 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online
AUTO REGISTRATION AND DRIVER LICENSING
Below is the website if you would like to change your address online or you can visit your local DMV office.
Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100
wwworegondmvcom/oregon/indexhtm
General DMV Information Contact: 503-299-9999
VOTERS REGISTRTION
TO REGISTER TO VOTE, YOU MUST BE:
A citizen of the USA
A resident of Oregon
A Legal Resident of Oregon State at least 18 years of age on or before the next election
HOW TO REGISTER
To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV)
If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.
REGISTRATION DEADLINE
A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.
CHANGE OF ADDRESS
If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration
Clackamas County Voter Registration: 503-655-8510
Multnomah County Voter Registration: 503-988-3720
Washington County Voter Registration: 503-846-5800
MOVING CHECKLIST
UTILITIES
Electric
NWNaturalGas
WaterDistrict
SewerDistrict
GarbageProvider
Cable/Satellite
Fuel(Propane)
PhoneServices
Internet
FINANCIAL
BanksandCreditUnions
CreditCardCompanies (includingdepartmentstorecreditcards)
Lenders
(Mortgage,HomeEquity,Auto,StudentLoans)
InsuranceCompanies
(Health,Renters,Auto,Home,Medical,Dental,Disability,Life)
Retirement (Pensionplans,401K,SocialSecurity,VeteransAffairs)
Investments(InvestmentAgenciesandBrokers)
OnlineBillPayer
Paypal
GOVERNMENT
USPostOffice
DepartmentofMotorVehicles
(Obtainyourdriver’slicenseandchangevehicleregistration)
IRS
PassportOffice
VeteranAffairs
UnemploymentOffice
(Ifyouarecurrentlyreceivingunemploymentbenefits)
HEALTH
Physician
Pharmacies
SERVICE PROVIDER
Childcare
Housecleaning Services
Delivery Services
Lawn Care Services
Veterinarian
Pool Service
MEMBERSHIPS
Health Clubs
Membership Clubs(AAA or similar)
Community Groups (PTA, Neighborhood Associations, Civic Clubs)
Children’s Extracurricular
Activities(Dance Classes, Music Lesson, Sports Clubs)
SUBSCRIPTIONS
Newspapers
Magazine(USPS will only forward 2 months)
Movie Subscriptions
Book or Music Clubs
OTHER
Friends and Family
Employers(typically notify the HR Department)
MOVING CHECKLIST 8
8 WEEK BEFORE YOU MOVE
InventorySheets:Createaninventorysheetofallyour belongingswhichneedtobemoved
ResearchMovingOptions:You’llneedtodecideifyoursisa do-it-yourselfmoveorifyou’llbeusingamovingcompany
RequestMovingQuote:Solicitmovingquotesfromasmany movingcompaniesandmoversaspossible Therecanbea largedifferencebetweenratesandserviceswithinmoving companies
DiscardUnnecessaryItems:Movingisagreattimefor riddingyourselfofunnecessaryitems Haveayardsaleor donateunnecessaryitemstocharity
PackingMaterial:Gathermovingboxesandpacking materialforyourmove
ContactInsuranceCompanies:You’llneedtocontactyour insuranceagenttocancel/transferyourinsurancepolicy
1 WEEK BEFORE YOU MOVE
YourChangeofAddress:Changeyouraddresswiththe USPS,DMV,FinancialInstitutions,Utilities,Government Offices,HealthCareServiceProviders,Memberships, SubscriptionsandInsuranceProvisions
BankAccounts:Transferorclosebankaccountsifchanging banks Makesuretohaveamoneyorderforpayingthe movingcompany
ServiceAutomobiles:Ifautomobilesaretobedrivenlong distance,you’llwanttohavethemservicedsoyouhavea trouble-freedrive
CancelServices:Notifyanyremainingserviceproviders (newspapers,lawnservices,etc)ofyourmove
TravelItems:Setasideallitemsyou’llneedwhiletraveling Makesurethesearenotpackedonthemovingtruck
ContactUtilityCompanies:Setutilityturnoffdate,seek refundsanddepositsandnotifythemofyournewaddress
4 WEEK BEFORE YOU MOVE
StartPacking:Beginpackingallthingsdestinedforyournew location
ObtainYourMedicalRecords:Contactyourdoctor,physician, dentistandothermedicalspecialistswhomaycurrentlybe retaininganyofyourfamily’smedicalrecords Obtainthese recordsormakeplansforthemtobedeliveredtoyournew medicalfacilitiesifchanging Securityiscriticalofpersonal records
NoteFoodInventoryLevels:Checkyourcupboards, refrigeratorandfreezer Useupasmuchofyourperishable foodaspossible
SmallEngines:Servicesmallenginesforyourmoveby extractinggasandoilfromthemachines Thiswillreduce thatchancetocatchfireduringyourmove
ProtectJewelryandValuables:Transferyourjewelryand valuablestoasafetydepositbox;youdon’twantthemtobe lostorstolenduringyourmove
BorrowedandRentedItems:Returnitemsthatyoumay haveborrowedorrented Collectitemsborrowedtoothers
MOVING DAY
PlanYourItinerary:Makeplanstospendtheentiredayat thehouseoratleastuntilthemoversareontheirway
Someonewillneedtobearoundtomakedecisions Make plansforkidsandpetstobeatasittersfortheday
ReviewtheHouse:Oncethehouseisempty,checkthe entirehouse(closets,attic,basement,etc)toensureno itemsareleftornohomeissuesexist
DoubleCheckWithYourMover:Ensurethemoverhasthe newpropertyaddressandallofyourmostrecentcontact information,shouldtheyhaveanyquestionsduringyour move
VacateYourHome:Makesureutilitiesareoff,doorsand windowsarelockedandnotifyyourrealestateagentyou’ve vacatedtheproperty
QuestionsToAsk:Whereisthegaragedooropener?Where arethekeystothehouse,mailboxandotherlockablearea? Didyouretrieveallkeysfromneighborsandfriends?
THE HOME DEPOT
(800) 466-3337 wwwhomedepotcom
Beaverton (503) 469-4242 4401 SW 110th Ave Beaverton, OR 97005
S Beaverton (503) 646-1525
13700 NW Science Pk Dr Portland 97229
Clackamas (503) 774-6372
9300 SE 82nd Ave Happy Valley, OR 97086
Hillsboro (503) 693-9090
1950 SE Minter Bridge Rd Hillsboro 97123
Jantzen Beach (503) 289-9200
1728 N Tomahawk Island Dr Portland 97217
Oregon City (503) 723-3181 2002 Washington St Oregon City, OR 97045
E Portland (503) 261-8543
10120 SE Washington St Portland 97216
NE Portland (503) 252-0188
11633 NE Glen Widing Dr Portland 97220
Sherwood (503) 925-8447
20260 SW Pacific Hwy Sherwood, OR 97140
Tigard (503) 639-3500
14800 SW Sequoia Parkway Tigard 97224
MOVING RESOURCES
THE HOME DEPOT CONTINUED
Troutdale (503) 674-3944
25101 SE Stark St Troutdale, OR 97060
LOWES (800) 466-3337 wwwlowescom
Hillsboro (503) 844-6200
1951 SE 24th Ave Hillsboro, OR 97123
Milwaukie (503) 794-2500
13631 SE Johnson Rd. Milwaukie 97222
Portland (503) 737-3000
1160 N Hayden Meadows Dr Portland 97217
Tigard (503) 624-2644
12615 SW 72nd Ave Tigard, OR 97223
Wood Village (503) 667-1005
1000 NE Wood Village Blvd Wood Village, OR 97060
DONATION FACILITIES
Goodwill (800) 741-0186 locatorgoodwillorg
The Salvation Army (800) 958-7825 wwwsalvationarmyusaorg
Value Village (800) 958-7825 wwwvaluevillagecom
MOVING TRUCK RENTALS
Budget (800) 462-8343 wwwbudgettruckcom
Penske (888) 996-5415 wwwpensketruckrentalcom
Ryder (800) 297-9337 wwwrydercom
U-Haul (800) 468-4285 wwwuhaulcom
STORAGE COMPANIES
NW Self Storage wwwnwselfstorage
Public Storage (800) 906-0879 wwwpublicstoragecom
Pods (888) 309-8967 wwwpodscom
TRANSFER STATIONS Garbage/Recycling
Metro Center (503) 234-3000
wwworegonmetrogov 6161 NW 61st Ave Portland, OR 97210
Metro South (503) 234-3000
wwworegonmetrogov
2001 Washington St Oregon City, OR 97045
RESOURCE GUIDE
AIRPORT
Portland International Airport (877) 793-4690 www.flypdx.com
AUTO & DRIVER REGISTRATION
DMV (503) 945-5000 wwwodotstateorus/dmv/
BUS SERVICE
C-Tran (360) 695-0123 wwwc-trancom
Greyhound (800) 231-2222 wwwgreyhoundcom
Tri-Met (503) 238-7433 wwwtri-metorg
CABLE TV & INTERNET
Verizon (888) 881-8161 wwwverizoncom
XFINITY (Comcast) (800) 934-6489 wwwcomcastcom
CITY CONTACT
Banks (503) 324-5112 www.cityofbanks.org
Beaverton (503) 526-2222 wwwcibeavertonorus
Canby (503) 266-4021 wwwcicanbyorus
CITY CONTACT CONTINUED
Cornelius (503) 357-9112 www.ci.cornelius.or.us
Damascus (503) 658-8545
wwwcidamascusorus
Estacada (503) 630-8270 wwwcityofestacadaorg
Fairview (503) 665-7929
wwwcifairvieworus
Forest Grove (503) 359-3200 wwwciforest-groveorus
Gaston (503) 985-3340
Gladstone (503) 656-5225 wwwcigladstoneorus
Gresham (503) 661-3000 wwwcigreshamorus
Happy Valley (503) 760-3325 wwwcihappy-valleyorus
Hillsboro (503) 681-6100 wwwhillsboro-oregongov
King City (503) 639-4082
www.ci.king-city.or.us
Lake Oswego (503) 635-0270 wwwcioswegoorus
Milwaukie (503) 786-7525 wwwcicityofmilwaukieorg
CITY CONTACT CONTINUED
Molalla (503) 829-6855 wwwcityofmolallacom
North Plains (503) 647-5555 wwwnorthplainsorg
Oregon City (503) 657-0891 wwwciorcityorus
Portland (503) 823-4000 wwwportlandonlinecom
River Grove (503) 639-6919
Sandy (503) 668-5533 wwwcisandyorus
Sherwood (503) 625-5522 wwwcisherwoodorus
Tigard (503) 639-4171 wwwcitigardorus
Troutdale (503) 665-5175 wwwcitroutdaleorus
Tualatin (503) 692-2000 www.tualatinoregon.gov
West Linn (503) 657-0331 wwwwestlinnoregongov
Wilsonville (503) 682-1011 wwwciwilsonvilleorus
Wood Village (503) 667-6211 wwwciwood-village-orus
COUNTY CONTACTS
Clackamas (503) 655-8011 www.co.clackamas.or.us Taxation (503) 655-8671
Multnomah (503) 248-3511 wwwcoclackamasorus Taxation (503) 988-3326
Washington (503) 846-8611 wwwcoclackamasorus Taxation (503) 846-8741
ELECTRICITY
Pacific Power (888) 221 7070 wwwpacificpowernet
Portland General (800) 542-8818 wwwportlandgeneralcom
HOSPITALS
Adventist Medical (503) 257-2500 wwwadventisthealthnwcom
Doernbecher Children’s Hospital (503) 494-8311 wwwohsuedu
Legacy Good Samaritan (503) 413-4683 wwwlegacyhealthorg
Legacy Emanuel (503) 413-2200 www.legacyhealth.org
RESOURCE GUIDE
HOSPITALS CONTINUED
Legacy Meridian Park (503) 692-1212 www.legacyhealth.org
Legacy Mt Hood (503) 674-1122 wwwlegacyhealthorg
Kaiser Permanente Sunnyside (503) 813-2000 wwwkaiserpermanenteorg
Kaiser Permanente Westside (503) 813-2000 wwwkaiserpermanenteorg
OHSU (503) 494-8311 wwwohsuedu
Providence Milwaukie (503) 513-8300 wwwprovidenceorg
Providence Portland (503) 215-1111 www.providence.org
Providence St Vincent (503) 216-1234 wwwprovidenceorg
Providence Willamette Falls (503) 656-1631 wwwprovidenceorg
Shriner’s Hospital (503) 241-5090 wwwshrinershqorg
Tuality Community (503) 681-1111 wwwtualityorg
Tuality Forest Grove (503) 357-2173 www.tuality.org
NATURAL GAS
NW Natural (800) 422-4012 www.nwnatural.com
NEWSPAPERS
The Columbian (360) 694-3391 wwwcolumbiancom
The Oregonian (503) 221-8240 wwworegonlivecom
Willamette Weekly (503) 243-2122 wwwwweekcom
RECREATION
Convention Center (503) 235-7575 wwworegonccorg
Expo Center (503) 736-5200 wwwexpocenterorg
Mt Hood Meadows (503) 337-2222 wwwmthoodmeadowscom
OMSI (503) 797-4000 www.omsi.edu
Oregon Zoo (503) 266-1561 wwworegonzoocom
Portland International Raceway (503) 823-7223 wwwportlandracewaycom
Portland Art Museum (503) 266-2811 wwwpamorg
RESOURCE GUIDE
RECREATION CONTINUED
Providence Park (503) 553-5400 www.providenceparkpdx.com
Regal Cinemas (800) FANDANGO wwwregalcinemascom
Moda Center (503) 797-9619 wwwrosequartercom
Willamette Jetboat (503) 231-1532 wwwwillamettejetcom
SHOPPING
Bridgeport Village (503) 968-1704 www.bridgeport-village.com
Cedar Hills Crossing (503) 643-6563 wwwcedarhillscrossingcom
Clackamas Town Center (503) 653-6913 wwwclackamastowncentercom
Columbia Gorge Outlets (503) 669-8060 wwwpremiumoutletscom/ columbiagorge
Lloyd Center (503) 282-2511 wwwlloydcentercom
Mall 205 (503) 255-5805
Pioneer Place (503) 228-5800 wwwpioneerplacecom
SHOPPING CONTINUED
Streets of Tanasbourne (503) 533-0561 www.streetsoftanasbourne.com
Washington Square (503) 369-8860 wwwshopwashingtonsquarecom
Woodburn Outlets (888) 664-SHOP wwwwoodburncompanystorescom
TELEPHONE SERVICE
Verizon (800) 483-4100 wwwverizoncom
AT&T (800) 288-2020 www.att.com
TRANSFER STATIONS
Metro Center (503) 234-3000
wwworegonmetrogov 6161 NW 61st Ave Portland, OR
Metro South (503) 234-3000 wwworegonmetrogov 2001 Washington St Oregon City, OR
Clackamas County (503) 668-8885 wwwwmnorthwestcom 19600 SE Canyon Valley Rd. Sandy, OR
VOTER REGISTRATION
Clackamas (503) 655-8510
Multnomah (503) 248-3720
Washington (503) 846-5800
WATER BUREAU
Beaverton (503) 526-2257
Clackamas (503) 722-9220
Gladstone (503) 656-5223
Gresham (503) 618-2373
Hillsboro (503) 681-6228
Lake Oswego (503) 635-0265
Milwaukie (503) 786-7525
Oregon City (503) 657-8151
Portland (503) 823-7770
Tigard (503) 639-1554
Tualatin (503) 692-2000
West Linn (503) 656-4261
Wilsonville (503) 682-1011
CYBER SECURITY
g p , g being sent to an outside account and never credited to the intended party
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
Incoming Wires from the buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience
http://nationalwfgnationaltitlecom/2016/04/05/obsess-cyber-security/
OWNERS TITLE INSURANCE Why it's important
claims, or restrictions on the buyers property, other than the mortgage the buyer agrees to pay.
If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer
Owner’s title insurance is one of the most affordable insurance policies a person can ever buy Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.
So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.
In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.
WHAT IS ESCROW?
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
Delivers a fully executed Purchase Sale Agreement to the escrow agent.
Executes the paperwork necessary to close the transaction
The Buyer/Agent
Deposits collected funds required to close (in with the escrow agent
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement
Executes the paperwork and loan documents necessary to close the transaction
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds
Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title
Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property
Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf
Prorates insurance, taxes, rents, etc
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction
Forwards deed to the county for recording
Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer
The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE?
About Title Insurance
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy)
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price.
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so The status of taxes for the subject property The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance
In Summary
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination
WHO PAYS WHAT IN OREGON
SELLER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Title Premium - based on fixed statewide fee schedule
Real Estate Commission - based on agreement with Broker
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by principals
Release fees for loan payoff(s)
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with purchaser
Collection Escrow Setup Fee - optional, and is often shared with purchaser
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Any delinquent payments to bring contract or loan current
Prorate share of current month’s interest based on current rate
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval
FHA, VA Loans - check with lender for any applicable seller costs
BUYER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by the principals
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with seller
Collection Escrow Setup Fee - optional, and is sometimes shared with seller
Recording Fee - for contract or memorandum thereof
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Assumption or Assignment
Next monthly payment due, if required by lender
Recording Fee - for Assumption/Assignment of Agreement, if required by lender
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Lenders title insurance policy & endorsements, as required by lender
Loan Fee - as required by lender
Credit Report Fee - as required by lender
Appraisal Fee - as required by lender
Mortgage Insurance Premium - based on fee schedule and endorsements of lender
Prepaid Interest - if required by lender
VA Loans only - funding fee, if required by lender
FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance
TITLE VESTING
Common ways to hold title to real property
ASANINDIVIDUAL
Anindividualmayholdtitleinhisorhernameonly,regardlessofwhetherornotmarried–eg “JaneSmith,an individual” Thatindividualthenownsallrightstotheproperty,whichcanbesoldortransferredtoothersviawill ortrust Whileadivorceispending,however,ifthepropertywasacquiredduringthemarriageitwilllikelybe treatedaspartofthemaritalestateandthusbesubjecttocourtauthority.
ASTENANTSBYTHEENTIRETY
Aconveyancetoahusbandandwifecreatesatenancybytheentirety–eg “JohnSmithandJaneSmith, husbandandwife,astenantsbytheentirety” Thiscreatesasurvivorshipestate,whichmeansthatifonespouse dies,his/herinterestwillautomaticallygotothesurvivingspouse.Ahusbandandwifemayalsotaketitleas tenantsincommon(discussedbelow)iftheintentiontoholdtitleinthatmannerisexpresslystated
ASTENANTSINCOMMON
Unlessaconveyanceexpresslyprovidesthatthepartiesintendtocreateasurvivorshipestate(discussedbelow), aconveyancetotwoormorepersonswhoarenotmarriedcreatesatenancyincommoninwhicheachhas (unlessotherwisestated)anequalundividedinterestintheproperty–eg “JohnSmithandRobertJones,as tenantsincommon,eachastoanundivided50%interest” Eachtenantincommonthenownsanundivided interestintheentireproperty,whichcanbesoldortransferredtoothersviawillortrust
ASASURVIVORSHIPESTATE
Twoormorepersonswhoarenotmarriedmayalsoholdtitleastenantsincommonwitharightofsurvivorship, aslongasthesurvivorshipdeclarationisexpresslycontainedinthedeed–eg “JohnSmithandRobertJones, notastenantsincommon,butwiththerightofsurvivorship” Thiscreatesasurvivorshipestate,whichmeans thatifonepartydies,his/herinterestwillautomaticallygotothesurvivorandcannotbesoldduringthelifetime ofortransferredviawillortrustbythepartywhodiesfirst
ASREGISTEREDDOMESTICPARTNERS
Registereddomesticpartnersmaytaketitleas(i)tenantsincommon–e.g.“JaneSmithandMaryJones, registereddomesticpartners,astenantsincommon,eachastoanundivided50%interest”,or(ii)ina survivorshipestatesimilartothatofatenancybytheentirety–eg “JaneSmithandMaryJones,asregistered domesticpartnerswithrightofsurvivorship”
ASASAMESEXMARRIEDCOUPLE
Samesexmarriedcouplesmaytaketitleas(i)tenantsincommon–eg “JohnSmithandRobertSmith,a marriedcouple,astenantsincommon,eachastoanundivided50%interest”,or(ii)inasurvivorshipestate similartothatofatenancybytheentirety–eg JohnSmithandRobertSmith,amarriedcouplewithrightof survivorship,or(iii)astenantsbytheentirety–eg “JohnSmithandRobertSmith,amarriedcouple,astenants bytheentirety”.
ASANENTITY
Aregisteredentity,suchasacorporation,limitedliabilitycompanyorpartnership,mayholdtitle Titleshouldbe heldexactlyasthenameisregisteredwiththeOregonSecretaryofState–e.g.“Smith&Jones,LLC,anOregon limitedliabilitycompany”
DISCLAIMER–Theforegoingcontainsinformationalexamplesonlyandisnottobeconstruedaslegaladvice Giventhecomplexitiesinvolvedinacquiringandholding legaltitletorealproperty,WFGstronglyrecommendsthatyouseeklegaladvicefromanattorneypriortodoingso
ADMINISTRATIVE
12909 SW 68th Pkwy. Ste. 350 Portland, OR 97223 503-431-8500
CLACKAMAS
9200 SE Sunnybrook Blvd. Ste. 350 Clackamas, OR 97015 503-353-9975
LAKE OSWEGO
5885 Meadows Rd. Ste. 130 Lake Oswego, OR 97035 503-624-4900
LLOYD/COMMERCIAL
NW PORTLAND 25 NW 23rd Pl. Ste. 1 Portland, OR 97210 503-219-9088
BETHANY 1500 NW Bethany Blvd. Ste. 155 Beaverton, OR 97006 503-850-3990
DOWNTOWN VANCOUVER 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300
SALMON CREEK
2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818
VANCOUVER MALL
4400 NE 77th Ave Ste. 250 Vancouver, WA 98662 360-891-5454
EAST VANCOUVER 2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 4 10
700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488
Your Local Market Report
Banks, OR 97106
REPORT FOR 4/18/2025
Single-Family Homes
This week the median list price for Banks, OR 97106 is $775,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41 Inventory has increased to 11
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory
Real-Time Market Profile
Median List Price $775,000
Price of New Listings $1,250,000
Square Foot $302
Slight Seller's Advantage
Market Narrative
In the last few weeks, the market has been at a stasis point in terms of sales to inventory However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable Watch for an up-shift in the MAI before price stability is achieved.
Market Segments
Slight Seller's Advantage
Each segment below represents approximately 25% of the market ordered by price
Median List Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
$2.0M
Segments
In the quartile market segments, we see prices in this zip code generally settled at a plateau, although Quartile 2 is on a bit of an up trend in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.
Price Per Square Foot
The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply
Market Action Index
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.
Median Days on Market (DOM)
The properties have been on the market for an average of 212 days. Half of the listings have come newly on the market in the past 96 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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CONSUMER EXPERIENCE TIMELINE
TRANSACTION CLOSED
GATHER UP
SIGNING SCHEDULED
CLOSE TO SIGNING
TITLE CLEARED
UPDATER INVITATION
TITLE REPORT DELIVERED
TRANSACTION STARTED
MIDPOINT FEEDBACK
EARNEST MONEY