Home & Community Book - 9702 N Alder Street

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Owner Information Owner Name:

REO PARTNER LLC /

Vesting:

IRREVOCABLE LIVING TRUST

Mail Address:

9702 N ALDER ST CAMAS WA 98607

Owner Status: Location Information

Legal Desc:

GREEN MOUNTAIN MIXED USE PRD PH 2H LOT 219 312048 FOR ASSESSOR USE ONLY GREEN MOUNTAIN MIXED USE PRD PH 2H LOT 219 312048

County:

CLARK

Census/Block: 040608 / 1025

Alt Parcel # School District:

Tsp-Rng-Sec:

T02N-R03E-S20

Municipality:

CITY CAMAS

Lot / Block:

Lot: Block:

Parcel #:

986052768

Housing Tract: GREEN MOUNTAIN MIXED USE Last Market Sale Date:

/

Lender:

Sale Price:

Loan:

Document #:

Document #:

Doc Type:

Loan Type:

$ Sqft:

$

Loan Term:

Prior Sale Information Date:

/

Lender:

Price:

Loan:

Document #:

Document #:

Doc Type:

Loan Type:

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Property Characteristics Gross Area:

3235

Garage Area:

Interior Wall

Living Area:

2565

Roof Shape:

Porch Type:

Above Grade: 3,235

Foundation:

Patio Type:

Bedrooms:

4

Roof Material: CEMENT/COMPOSITION Air Cond:

Bath (F/H):

2/1

Construction:

Fireplace:

1 STORY 1 OPENING Heat Type:

Year Built:

2021

Fixtures: HEAT PUMP

Floor:

Cooling Type:

Equipment:

Parking Type: Garage

Exterior Wall:

Stories:

2

Units:

Rooms:

Pool:

No

Basement:

Quality:

AVERAGE

Condition:

AVERAGE

Property Information Land Use:

SFR

County Use:

SFR UNIT NOT SHAR State Use:

Zoning:

MF-10 : CA

Lot Acres:

0.1152

Lot Sqft:

5,020

Len/Wid:

/

Tax and Assessment Information Assd Year:

2021

Assd Value:

$514,283

Taxable Val:

$514,283

Tax Year:

2021

Land Value:

$140,000

Mkt Value:

$514,283

Imp Value:

$374,283

Exemption:

Improved %:

73%

District:

Tax Area: Property Tax:

$1,565.47

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

Exhibit “A”

Lot 219, Green Mountain Mixed Use P.R.D. Phase 2H, according to the plat thereof recorded in Volume 312 of Plats page 48

The real property described above is commonly known as:

9702 N Alder St Camas WA 98682

[__________] [__________] ___________

Buyer Initials

[__________] [__________] __________

Date

Seller Initials

.

Date

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Averages Avg Bedrooms

Avg Bathrooms

Avg Sqft

Avg Price

Avg $Sqft N/A

2016 2017

1.00

2.67

2,358

$6,561,000

$2,782

2018

2.00

3.11

2,543

$448,643

$176 N/A

2019 2.00

2020

2.97

2,514

$455,899

$181

Average Sale Price $6,561,000

$448,643

$0 2016

2017

2018

$0 2019

$455,899 2020

Average $ Per Square Foot $2,782

$176

$0 2016

2017

2018

$0 2019

$181 2020

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Population by Age

32,232

12%

18%

16%

10%

14%

10%

7% 0-9

10-19

8% 20-29

30-39

40-49

50-59

60-69

70+

Household Income

11,294

7.2% $0 - $24K

21.2%

12.7%

14.2%

12.1%

$25K - $49K

$50K - $74K

$75K - $99K

Education

15.2%

$100K - $149K $150K - $199K

17.5%

$200K Plus

Employment

No Diploma: High School:

5.0% 13.6%

Working Age:

Some College:

Median Income:

Bachelor's

28.3%

Employed:

21.5%

72.7%

Labor Force:

31.7%

Graduate's:

22,481

Unemployed:

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

$108,321 96.8% 3.2%

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Evergreen School District (clark) Elementary Schools Harmony Elementary 17404A NE 18TH STREET VANCOUVER WA 98684 Grades: KG to 05 Charter School: U Magnet School: U

360-604-6600 Area Desc: Suburb: Large Distance: 2.09 Miles Title One: N

Illahee Elementary 19401 SE 1ST STREET CAMAS WA 98607 Grades: PK to 05 Charter School: U Magnet School: U Middle Schools Pacific Middle School 2017 NE 172ND AVENUE VANCOUVER WA 98684 Grades: 06 to 08 Charter School: U Magnet School: U

360-604-3350 Area Desc: City: Midsize Distance: 2.19 Miles Title One: N

Shahala Middle School 601 SE 192ND AVENUE VANCOUVER WA 98683 Grades: 06 to 08 Charter School: U Magnet School: U High Schools Union High 6201 NW FRIBERG-STRUNK ST CAMAS WA 98607 Grades: 09 to 12 Charter School: U Magnet School: U

360-604-3800 Area Desc: City: Midsize Distance: 2.41 Miles Title One: N

Evergreen High 14300 NE 18TH STREET VANCOUVER WA 98684 Grades: 09 to 12 Charter School: U Magnet School: U

360-604-3700 Area Desc: City: Midsize Distance: 3.54 Miles Title One: N

360-604-6500 Area Desc: Suburb: Large Distance: 2.10 Miles Title One: N

360-604-6250 Area Desc: City: Midsize Distance: 2.02 Miles Title One: N

Your assigned school should be the first school in each category, but it is recommended you check with the district or school.

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

3 60.

6 0 4.

4 0 00 5 Ever gr eenSchool D i s t r i ct( Cl ar k) 13501NE28THST VANCOUVER,WA986688910

25, 852

53%

14% 52%

42%

72%

26%

9t hGr ader son Tr ackt oGr aduat e

Hav eHi ghEngl i s h LanguageAr t sGr owt h

1, 626 68%

13.

1

42%

31% Hav eHi ghMat h Gr owt h

$10, 565

17 Tos eemor ef r om t heWas hi ngt onSc hoolRepor tCar d, v i s i t Was hi ngt onSt at eRepor t Car d.

OSPI . k 12. wa. us / Repor t Car d/ Vi ewSc hool Or Di s t r i c t / I fy ouhav eques t i onsorc omment s , c ont ac tRepor t Car dRedes i gn@k 12. wa. us . .

$2, 242

Har monyEl ement ar ySchool 17404ANE18t hSt r eet Vancouver ,WA986849770

360.

604.

6600

650

66%

14% 32%

58%

85%

47%

Hav eRegul ar At t endance

Hav eHi ghEngl i s h LanguageAr t sGr owt h

39

72%

13.

4

62%

41% Hav eHi ghMat h Gr owt h

$10, 063

21 Tos eemor ef r om t heWas hi ngt onSc hoolRepor tCar d, v i s i t Was hi ngt onSt at eRepor t Car d.

OSPI . k 12. wa. us / Repor t Car d/ Vi ewSc hool Or Di s t r i c t / I fy ouhav eques t i onsorc omment s , c ont ac tRepor t Car dRedes i gn@k 12. wa. us

$2, 242

Paci f i cMi ddl eSchool 2017NE172ndAv enue Vancouver ,WA986849749

360.

604.

6500

960

7%

53%

41%

48%

83%

21%

Hav eRegul ar At t endance

Hav eHi ghEngl i s h LanguageAr t sGr owt h

61

69%

13.

9

50%

31% Hav eHi ghMat h Gr owt h

$10, 051

19 Tos eemor ef r om t heWas hi ngt onSc hoolRepor tCar d, v i s i t Was hi ngt onSt at eRepor t Car d.

OSPI . k 12. wa. us / Repor t Car d/ Vi ewSc hool Or Di s t r i c t / I fy ouhav eques t i onsorc omment s , c ont ac tRepor t Car dRedes i gn@k 12. wa. us

$2, 242

Uni onHi ghSchool 6201NW Fr i ber gSt r unkSt Camas,WA986070000

360.

604.

6250

1, 984

5%

73%

29%

46%

83%

78%

9t hGr ader son Tr ackt oGr aduat e

TookaDual Cr edi t Cour s e

100

75%

33%

94% Gr aduat ei n4year s

13.

5

16 Tos eemor ef r om t heWas hi ngt onSc hoolRepor tCar d, v i s i t Was hi ngt onSt at eRepor t Car d.

OSPI . k 12. wa. us / Repor t Car d/ Vi ewSc hool Or Di s t r i c t / I fy ouhav eques t i onsorc omment s , c ont ac tRepor t Car dRedes i gn@k 12. wa. us

$9, 145 $2, 242

CITY OF CAMAS

19,355 POPULATION 2010 Census Data

MALE 49.6%

$60,187

36.9

MEDIAN INCOME

MEDIAN AGE

2000 Census Data

Camas

HOUSING 2010 Census Data  

2010 Census Data

Camas is a city located in Clark County. Officially incorporated on June 18, 1906, the city is named after the camas lily, a plant with an onion-like bulb prized by Native Americans. At the west end of downtown Camas is a large Georgia-Pacific paper mill from which the high school teams get their name, "the Papermakers". A paper mill was first established in the city in 1883 with the support of Henry Pittock, a wealthy entrepreneur from England who had settled in Portland, Oregon, where he published The Oregonian.

SCHOOL DISTRICTS 

FEMALE 50.4%

76.84% of homes owner occupied 23.16% of homes rented

AGE DEMOGRAPHIC 2010 Census Data     

31.1% under age 18 6.5% between ages 18 to 24 27.1% between ages 25 to 44 26.8% between ages 45 to 64 8.7% above age 65

CITY QUICK FACTS POPULATION DENSITY 2010 Census Data  

1,434.8 inhabitants per sq. mile 7,072 housing units at an average density of 524.2 per sq. mile

     

20 miles east of Portland Prune Hill is a major geographical feature of the city 15.25 square miles 75 feet elevation Highest Average Temperature 82º Lowest Average Temperature 33º

Pittock's LaCamas Colony bought 2600 acres in 1883, forming the Columbia River Paper Company the following year to begin production in 1885, before merging with Oregon City's Crown Paper Company to form Crown Columbia Paper in 1905. Converting from steam to electricity in 1913, it then merged with Willamette Paper in 1914 and then again in 1928 with Zellerbach Paper to become the largest paper company on the west coast, Crown Zellerbach. Changing from newsprint to toilet tissue in 1930, it temporarily produced shipyard parts during the second world war. In 1950 it was the first factory to produce folded paper napkins.

CLARK COUNTY BASE MAP

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Animal - Services Name

Address

Telephone

Distance

Bachelder, Robyn DVM - Banfie

130 SE 192nd Ave

360-254-0362

2.26 Mi

Evert, Dawn DVM - Claus Paws

6700 NE 162nd Ave, #420

360-896-7449

2.83 Mi

Fritch, Maurine D DVM - Casca

16820 SE McGillivray Blvd

360-892-2122

3.72 Mi

Riverview Animal Hospital

3200 SE 164th Ave, #210

360-256-4147

4.31 Mi

Atwell, Eric B DVM - Orchards

6307 NE 117th Ave

360-256-3878

4.84 Mi

Banks Name

Address

Telephone

Distance

Chase

100 SE 192nd Ave

360-891-6006

2.24 Mi

Riverview Community Bank

320 SE 192nd Ave

360-514-5196

2.34 Mi

Riverview Community Bank - 16

d105, 1901 NE 162nd Ave

360-883-2770

2.56 Mi

Levien- Larry L

1900 NE 162nd Ave

360-944-1150

2.61 Mi

Levien, Larry - Levien Larry

1900 NE 162nd Ave, #d105

360-944-1150

2.61 Mi

Coffee Shops Name

Address

Telephone

Distance

Starbucks: Columbia Tech Cent

530 SE 192nd Ave, #Ave-1

360-896-8784

2.41 Mi

Starbucks: Columbia Tech Cent

530 SE 192nd Ave

360-896-8784

2.41 Mi

Starbucks

530 SE 192nd Ave, #100

360-896-8784

2.49 Mi

Starbucks: 162nd & 18th

1900 NE 162nd Ave

360-604-0972

2.61 Mi

Starbucks

1900 NE 162nd Ave, #A

360-604-0972

2.61 Mi

Credit Unions Name

Address

Telephone

Distance

People's Community CU

16211 SE 12th St

360-695-5121

3.60 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Credit Unions Name

Address

Telephone

Distance

Lacamas Community Credit Unio

640 E St

360-834-3611

6.30 Mi

Columbia Credit Union

401 NW 12th Ave

360-666-8448

10.30 Mi

Peoples Community Credit Unio

121 NW 20th Ave

360-687-3848

10.40 Mi

Onpoint Community Credit Unio

9730 SE Washington St

503-228-7077

10.52 Mi

Eating and Drinking Places Name

Address

Telephone

Distance

Papa Murphy's Take 'n' Bake

104 SE 192nd Ave, #3415

360-896-0833

2.24 Mi

Wendy's

400 SE 192nd Ave

360-882-0552

2.34 Mi

Bellagios Pizza

322 SE 192nd Ave, #104

360-567-1007

2.36 Mi

McDonald's

430 SE 192nd Ave

360-256-3363

2.38 Mi

Wendy's Old Fashioned Hamburg

3801 NE 162nd Ave

360-882-5665

2.44 Mi

Golf Courses Name

Address

Telephone

Distance

Green Mountain Golf Course

2917 NE Ingle Rd

360-833-8463

0.29 Mi

Camas Meadows Golf Club

4105 NW Camas Meadows Dr

360-833-2000

1.59 Mi

Fairway Village Golf Course

15509 SE Fernwood Dr

360-254-9325

4.36 Mi

Hartwood Golf Course

12506 NE 152nd Ave

360-896-6041

5.44 Mi

Royal Oaks Country Club

8917 NE Fourth Plain Rd

360-256-1350

5.84 Mi

Grocers and Supermarkets Name

Address

Telephone

Distance

Safeway Food & Drug - Vancouv

6700 NE 162nd Ave, Ste 500

360-944-2680

2.82 Mi

Fern Prairie Market

1817 NE 267th Ave

360-834-3504

2.96 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Grocers and Supermarkets Name

Address

Telephone

Distance

Green Tea Kitchen Albertsons Supermarkets - Foo

602 SE 157th Ave

360-892-8989

3.53 Mi

2100 SE 164th Ave

360-260-9225

3.86 Mi

Myrns Oriental Market

705 SE Park Crest Ave

360-892-9779

3.96 Mi

Health Clubs and Spas Name

Address

Telephone

Distance

Curves

322 SE 192nd Ave

360-896-5332

2.32 Mi

Challenge Fitness Crossfit

17030 SE 1st St, #101

360-314-6041

2.83 Mi

Lacamas Swim & Sport Club

2950 NW 38th Ave

360-834-8506

3.07 Mi

24 Hour Fitness

800 SE Tech Center Dr

360-514-8381

3.09 Mi

Waterford Health & Fitness Cl

2927 SE Village Loop

360-433-6400

4.27 Mi

Hospitals Name

Address

Telephone

Distance

Woodland Park Hospital

10300 NE Hancock St

503-257-5500

9.33 Mi

Hospitals - Acute Care Name

Address

Telephone

Distance

S W Washington Medical Center

400 NE Mother Joseph Pl

360-256-2000

6.33 Mi

Legacy Mount Hood Medical Cen

24800 SE Stark St

503-674-1122

9.38 Mi

Adventist Medical Center

10123 SE Market St

503-257-2500

10.86 Mi

Nursing Homes Name

Address

Telephone

Distance

Cascade Park Care Center

801 SE Park Crest Ave

360-253-2879

4.00 Mi

Highland Terrace Nursing Ctr

640 NE Everett St

360-834-5055

4.98 Mi

Fort Vancouver Convalescent C

8507 NE 8th Way

360-254-5335

6.48 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Nursing Homes Name

Address

Telephone

Distance

Pacific Specialty & Rehab Car Village Manor

1015 N Garrison Rd

360-694-7501

6.74 Mi

2060 NE 238th Dr

503-491-0553

8.03 Mi

Offices and Clinics of Chiropractors Name

Address

Telephone

Distance

Homer, Lucas Q DC - Cascade P Rial Douglas A DC Lmt

12214 Se Mill Plain Blvd, #101

360-254-4040

4.85 Mi

110 E Columbia River Hwy

503-667-1105

8.26 Mi

Kreger, Ronald W DC - Kreger

9818 E Burnside St

503-254-4252

10.26 Mi

Offices and Clinics of Dentists Name

Address

Telephone

Distance

David K Chan

11600 Se Mill Plain Blvd

360-892-1776

2.50 Mi

Kim, Donald D Dds

1901 Ne 162nd Ave

360-892-4519

2.61 Mi

James Palmer Hogg

D101, 1900 Ne 162nd Ave

360-882-7866

2.67 Mi

Kathryn L Poleson

4640 Nw Valley St

360-254-8300

2.82 Mi

Gillespie Dentistry

6700 Ne 162nd Ave, #ave-425

360-882-1199

2.83 Mi

Telephone

Distance

Offices and Clinics of Medical Doctors Name Address Tanner, Nathan M DDS - Gentle

322 SE 192nd Ave, #100

360-604-5873

2.32 Mi

CTC Vancouver Clinc

501 NE 172nd Ave

360-944-8887

2.61 Mi

Richards, Paul M DDS - Herita

6700 NE 162nd Ave, #425

360-882-1199

2.82 Mi

Claus Paws Animal Hospital

6700 NE 162nd Ave, #420

360-896-7449

2.82 Mi

Adventist Health Adventist Me

1700 NE 257th Ave

509-669-6800

2.83 Mi

Pet Sitting Services Name

Address

Telephone

Distance

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Pet Sitting Services Name

Address

Telephone

Distance

Baker, Michael DVM - St Franc

12010 NE 65th St

360-253-5446

4.77 Mi

Pharmacies Name

Address

Telephone

Distance

Christian Psychological Servi

305 NE 192nd Ave

360-213-0077

2.11 Mi

Wal-mart Supercenter

430 SE 192nd Ave

360-256-0109

2.50 Mi

Binyon's

19171 SE Mill Plain Blvd

360-883-8889

2.56 Mi

Walgreen Co

1900 NE 162nd Ave

360-891-1809

2.67 Mi

Safeway Inc

6700 NE 162nd Ave #50

360-944-2686

2.88 Mi

Places of Religion Name

Address

Telephone

Distance

Westminster Presbyterian Chr

PO Box 820929

N/A

1.40 Mi

Orchards Seventh-Day Adventis

PO Box 820187

N/A

1.40 Mi

Living Hompe Community Church

PO Box 820289

N/A

1.40 Mi

Church Of Jesus Christ Of Lds

18300 NE 18th St

360-892-9551

1.74 Mi

Church of Jesus Christ of Lds

18200 NE 18th St

N/A

1.78 Mi

Retirement Communities Name

Address

Telephone

Distance

A Caring Choice Referral Serv

16414 NE 35th St

360-910-2154

2.26 Mi

Vancouver Realtor

1405 SE 164th Ave

800-897-8670

3.53 Mi

Fishers Landing Assisted Livi

17171 SE 22nd Dr

360-885-1400

3.77 Mi

Clerestorie

1821 SE Solomon Loop

360-260-9002

3.97 Mi

Lexington Park II

2610 Southeast 164th Avenue Of

360-882-0449

4.12 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

9702 N ALDER ST CAMAS WA 98607 986052768 CLARK COUNTY WA

Retirement Communities Name

Address

Telephone

Distance

Veterinary - Emergency Services Name

Address

Telephone

Distance

Hearthwood Dog & Cat Clinic

14516 SE Mill Plain Blvd

360-831-0706

3.98 Mi

Companion Pet Clinics

11516 SE Mill Plain Blvd

360-254-8811

5.19 Mi

VCA

416 NE 112th Ave

360-450-5092

5.27 Mi

Camas Washougal Animal Hospit

401 6th St

360-835-7240

6.35 Mi

Banfield Pet Hospital

7603 NE Vancouver Plaza Dr

360-253-7732

6.79 Mi

Veterinary - Medicine Name

Address

Telephone

Distance

Shaffer Animal Clinic

624 NW Ivy St

360-834-7853

4.90 Mi

Burns Veterinary Supply

3801 NE 109th Ave

360-254-8620

5.13 Mi

Arcpoint Drug, Alcohol & DNA

11800 NE 95th St, Ste 200

360-601-0614

5.43 Mi

Arcpoint Drug Alcohol & Dna T

11800 NE 95th St

971-925-5597

5.43 Mi

Spolek Lynn E Dvm - East Mill

9705 E Mill Plain Blvd

360-892-0032

6.03 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

Your Local Market Report Vancouver, WA 98682 REPORT FOR 9/10/2021 Single-Family Homes

Single-Family Homes

Your Local Market Report

Vancouver, WA 98682 This week the median list price for Vancouver, WA 98682 is $549,000 with the market action index hovering around 83.

This is an increase over last month's market action index of 82. Inventory has decreased to 77.

Real-Time Market Profile Median List Price

$549,000

Market Action Index

Median Price of New Listings

$480,000

This answers “How’s the Market?” by comparing rate of sales versus

Per Square Foot

$279

Average Days on Market

32

Median Days on Market

21

Price Decreased

13%

Price Increased

16%

Relisted

1%

Inventory

77

Median Rent

$1,835

Market Action

83

inventory.

50

40

Buyer's Market

60

Seller's Market

70

100

10 0

on

83

90

M

ay Tod th

Las t

80

20

30

Strong Seller's Market In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Strong Seller's Market

Market Segments Each segment below represents approximately 25% of the market ordered by price.

Median Price

Sq. Ft.

Lot Size

Beds

Bath

Age

New

Absorbed

DOM

$689,950

2,372

6,500 - 8,000 sqft

4

2

5

1

2

35

$575,000

2,175

4,500 - 6,500 sqft

3

2

0

3

2

21

$513,000

1,952

4,500 - 6,500 sqft

3

2

5

7

7

14

$427,500

1,408

6,500 - 8,000 sqft

3

2

28

11

16

7

Fri Sep 10 2021 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2021 Altos Research, Inc.

2 of 6

Single-Family Homes

Your Local Market Report

Vancouver, WA 98682 Median List Price

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels. $600K

$550K

$500K

$450K

$400K

$350K Sep 2018

Jan 2019

May 2019

Sep 2019

Jan 2020

7-Day Average

May 2020

Sep 2020

Jan 2021

May 2021

Sep 2021

90-Day Average

Segments

In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels. $800K

$700K

$600K

$500K

$400K

$300K

$200K Sep 2018

Jan 2019

First/Top 90-Day

May 2019

Sep 2019

Jan 2020

Second/Upper 90-Day

May 2020

Sep 2020

Third/Lower 90-Day

Jan 2021

May 2021

Sep 2021

Fourth/Bottom 90-Day

Fri Sep 10 2021 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2021 Altos Research, Inc.

3 of 6

Single-Family Homes

Your Local Market Report

Vancouver, WA 98682 Price Per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels. $300

$275

$250

$225

$200

$175 Sep 2018

Jan 2019

May 2019

Sep 2019

Jan 2020

7-Day Average

May 2020

Sep 2020

Jan 2021

May 2021

Sep 2021

90-Day Average

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

300

250

200

150

100

50

0 Sep 2018

Jan 2019

May 2019

Sep 2019

Jan 2020

7-Day Average

May 2020

Sep 2020

Jan 2021

May 2021

Sep 2021

90-Day Average

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4 of 6

Single-Family Homes

Your Local Market Report

Vancouver, WA 98682 Market Action Index

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.

However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

125

100

75

50

25

0 Sep 2018

Jan 2019

May 2019

Sep 2019

Jan 2020

7-Day Average

May 2020

Sep 2020

Jan 2021

May 2021

Sep 2021

90-Day Average

Market Action Segments

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.

120

100

80

60

40

20 Sep 2018

Jan 2019

May 2019

First/Top 90-Day

Sep 2019

Jan 2020

Second/Upper 90-Day

May 2020

Sep 2020

Third/Lower 90-Day

Jan 2021

May 2021

Sep 2021

Fourth/Bottom 90-Day

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5 of 6

Single-Family Homes

Your Local Market Report

Vancouver, WA 98682 Median Days on Market (DOM)

The properties have been on the market for an average of 34 days. Half of the listings have come newly on the market in the past 14 or so days. Watch the 90-day DOM trend for signals of a changing market.

125

100

75

50

25

0 Sep 2018

Jan 2019

May 2019

Sep 2019

Jan 2020

7-Day Average

May 2020

Sep 2020

Jan 2021

May 2021

Sep 2021

90-Day Average

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

200

150

100

50

0 Sep 2018

Jan 2019

May 2019

First/Top 90-Day

Sep 2019

Jan 2020

Second/Upper 90-Day

May 2020

Sep 2020

Third/Lower 90-Day

Jan 2021

May 2021

Sep 2021

Fourth/Bottom 90-Day

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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 $1.00 charge to your

credit or debt 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 department of licensing.

Department of Licensing Clark County Auto License Department 1408 Franklin Street (360) 397-2288 BATTLEGROUND 301 W Main Street #101 (360) 687-5115

RIDGEFIELD JUNCTION AUTO LICENSE 2 South 56th Place Suite 103 (360) 887-2345

HAZEL DELL AUTO LICENSE 7904 NE 6th Avenue Suite B (360) 574-0086

CAMAS 3316 NE 3rd Avenue (360) 835-2977

CASCADE PARK AUTO LICENSE SERVICES 1301 NE 136th Avenue (360) 892-1877

HWY 99 AUTO LICENSE True Value Hardware 13009 NE Highway 99 (360) 573-6226

HEIGHTS AUTO LICENSE 221 NE 104th Avenue Suite 104 (360) 695-2122

EASTSIDE AUTO LICENSE 2011 SE 192nd Avenue Suite 103 (360) 833-1717

ORCHARDS 11110 NE Fourth Plain Blvd (360) 254-6226

VOTER REGISTRATION TO REGISTER TO VOTE, YOU MUST BE:



A citizen of the USA



A Legal Resident of Washington State at least 18 years of age on or before the next election.

In the State of Washington, you do not have to register by political party or declare a political party membership to vote in the state’s regular primaries or general election.

HOW TO REGISTER Washington citizens have access to several convenient methods of signing up to vote, including registration by mail and Motor Voter registration.

Mail in registration forms are available from your county auditor or county elections department as well as other government offices, public libraries and schools.

Motor Voter registration is offered when you renew or apply for your driver’s license.

In most instances it takes less than a minute.

REGISTRATION DEADLINE You may register to vote at any time, but you must be registered at least 30 days before an election, if you want to vote on election day.

You may also register between 15 and 30 days before an election, but you must do so at a location designated by the county elections officer, and you will be required to vote by absentee ballot.

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.

Voter Information Hotline: (800) 448-4881 TTY (800) 422-8683 Clark County Voter Registration: (360) 397-2345

MOVING CHECKLIST UTILITIES  Electric  NW Natural Gas  Water District  Sewer District  Garbage Provider  Cable/Satellite  Fuel (Propane)  Phone Services  Internet FINANCIAL INSTITUTIONS  Banks and Credit Unions  Credit Card Companies (including department store credit cards)  Lenders (Mortgage, Home Equity, Auto, Student Loans)  Insurance Companies (Health, Renters, Auto, Home, Medical, Dental, Disability, Life)  Retirement (Pension plans, 401K, Social Security, Veterans Affairs)  Investments (Investment Agencies and Brokers)  Online Bill Payer  Paypal GOVERNMENT OFFICES  US Post Office  Department of Motor Vehicles (Obtain your driver’s license and change vehicle registration)  IRS  Passport Office  Veteran Affairs  Unemployment Office (If you are currently receiving unemployment benefits)

HEALTH  Physician  Pharmacies SERVICE PROVIDERS  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 (Netflix, Blockbuster, etc)  Book or Music Clubs OTHER  Friends and Family  Employers (typically notify the Human Resources Department)

MOVING CHECKLIST 8 WEEKS BEFORE YOUR MOVE  Inventory Sheets: Create an inventory sheet of all your belongings which need to be moved  Research Moving Options: You’ll need to decide if yours is a do-it-yourself move or if you’ll be using a moving company.  Request Moving Quote: Solicit moving quotes from as many moving companies and movers as possible. There can be a large difference between rates and services within moving companies.  Discard Unnecessary Items: Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.  Packing Material: Gather moving boxes and packing material for your move.  Contact Insurance Companies: You’ll need to contact your insurance agent to cancel/transfer your insurance policy.

4 WEEKS BEFORE YOUR MOVE  Start Packing: Begin packing all things destined for your new location.  Obtain Your Medical Records: Contact your doctor, physician, dentist and other medical specialists who may currently be retaining any of your family’s medical records. Obtain these records or make plans for them to be delivered to your new medical facilities if changing. Security is critical of personal records.  Note Food Inventory Levels: Check your cupboards, refrigerator and freezer. Use up as much of your perishable food as possible.  Small Engines: Service small engines for your move by extracting gas and oil from the machines.

This will reduce that chance to catch fire during your move.  Protect Jewelry and Valuables: Transfer your jewelry and valuables to a safety deposit box; you don’t want them to be lost or stolen during your move.  Borrowed and Rented Items: Return items which you may have borrowed or rented. Collect items borrowed to others.

1 WEEK BEFORE YOUR MOVE  Your Change of Address: Change your address with the USPS, DMV, Financial Institutions, Utilities, Government Offices, Health Care Service Providers, Memberships, Subscriptions and Insurance Provisions.  Bank Accounts: Transfer or close bank accounts if changing banks. Make sure to have a money order for paying the moving company.  Service Automobiles: If automobiles are to be driven long distance, you’ll want to have them serviced so you have a trouble-free drive.  Cancel Services: Notify any remaining service providers (newspapers, lawn services, etc.) of your move.  Travel Items: Set aside all items you’ll need while traveling. Make sure these are not packed on the moving truck..  Contact Utility Companies: Set utility turnoff date, seek refunds and deposits and notify them of your new address.

MOVING DAY  Plan Your Itinerary: Make plans to spend the entire day at the house or at least until the movers are on their way. Someone will need to be around to make decisions. Make plans for kids and pets to be at a sitters for the day.  Review the House: Once the house is empty, check the entire house (closets, attic, basement, etc.) to ensure no items are left or no home issues exist.  Double Check With Your Mover: Ensure the mover has the new property address and all of your most recent contact information, should they have any questions during your move.  Vacate Your Home: Make sure utilities are off, doors and windows are locked and notify your real estate agent you’ve vacated the property.  Questions To Ask: Where is the garage door opener? Where are the keys to the house, mailbox and other lockable area? Did you retrieve all keys from neighbors and friends?

MOVING RESOURCES THE HOME DEPOT (800) 466-3337 www.homedepot.com E Vancouver (360) 254-6289 330 SE 192nd Avenue Vancouver, WA 98683 Vancouver (360) 253-3993 8601 NE Andresen Rd Vancouver, WA 98665 Jantzen Beach (503) 289-9200 1728 N Tomahawk Island Dr. Portland 97217 NE Portland (503) 252-0188 11633 NE Glen Widing Dr. Portland 97220

DONATION FACILITIES Goodwill (800) 741-0186 locator.goodwill.org The Salvation Army (800) 958-7825 www.salvationarmyusa.org

MOVING TRUCK RENTALS Budget (800) 462-8343 www.budgettruck.com Penske (888) 996-5415 www.pensketruckrental.com Ryder (800) 297-9337 www.ryder.com

LOWES (800) 466-3337 www.lowes.com

U-Haul (800) 468-4285 www.uhaul.com

E. Vancouver (360) 260-2120 18801 SE Mill Plain Blvd Vancouver, WA 98662

STORAGE COMPANIES

Lacamas Lake (360) 514-9660 11413 NE 76th St Vancouver, WA 98683 Portland -Delta Park (503) 737-3000 1160 N Hayden Meadows Dr. Portland 97217

NW Self Storage www.nwselfstorage Public Storage (800) 906-0879 www.publicstorage.com Pods (888) 309-8967 www.pods.com

TRANSFER STATIONS Garbage/Recycling Central Transfer & Recycling (360) 256-8482 columbiaresourcecompany.com 11034 NE 117th Avenue Vancouver, WA 98686 Washougal Transfer Station (360) 835-2500 columbiaresourcecompany.com 4020 S Grant Street Washougal, WA 98671 West Vancouver (360) 737-1727 columbiaresourcecompany.com 6601 NW Old Lower River Rd Vancouver, WA 98660

RESOURCE GUIDE AIRPORT

CHAMBER OF COMMERCE

CITY CONTACT CONTIUED...

Portland International Airport (877) 793-4690 www.flypdx.com

Battle Ground (360) 687-1510

Yacolt Police Fire City Hall

Clark Co. Sherriff (360) 686-3271 (360) 686-3922

Washougal Police Fire City Hall

(360) 835-8701 (360) 835-2662 (360) 835-8501

CITY CONTACT

Woodland Police Fire City Hall

(360) 225-8981 (360) 225-7462 (360) 225-8281

FOR ALL EMERGENCIES DIAL 911

COUNTY CONTACT

AUTO & DRIVER REGISTRATION Department of Licensing (360) 397-2288 www.dol.wa.gov BUS SERVICE C-Tran (360) 695-0123 www.c-tran.com Blue Star (360) 573-9412 www.bluestarbus.com Greyhound (800) 231-2222 www.greyhound.com Tri-Met (503) 238-7433 www.tri-met.org CABLE / SATELLITE & INTERNET CenturyLink (855) 380-4150 www.centurylink.com Dish (844) 754-6269 www.dish.com Directv (877) 699-7824 www.diretv.com XFINITY (Comcast) (800) 934-6489 www.comcast.com

Camas/Washougal (360) 834-2472 La Center (360) 263-4636 Vancouver (360) 694-2588

Clark County Sheriff (360) 397-2211 Washington State Patrol (360) 449-7999 Battle Ground Police (360) 342-5100 Fire (360) 687-6968 City Hall (360) 342-5000 Camas Police Fire City Hall

(360) 834-4151 (360) 834-2262 (360) 834-6864

La Center Police Fire City Hall

(360) 263-2745 (360) 263-5500 (360) 263-2782

Ridgefield Police Fire City Hall

(360) 887-3556 (360) 887-4609 (360) 887-3557

Vancouver Police Fire City Hall

(360) 487-7355 (360) 487-7305 (360) 696-8121

Clark (360) 397-2000 www.clark.wa.gov Cowlitz (360) 577-3010 www.co.cowlitz.wa.us EDUCATION Education Service District (360) 750-7500 www.esd112.org Battle Ground School District (360) 885-5300 www.battlegroundps.org Camas School District (360) 833-5400 www.camas.wednet.edu Evergreen School District (360) 604-4000 www.evergreenps.org Green Mountain School District (360) 225-7366 www.greenmountainschool.us

RESOURCE GUIDE EDUCATION CONTIUNED...

HOSPITALS CONTIUNED...

RECREATION

Hockinson School District (360) 448-6400 www.hocksd.org

PORTLAND AREA

Bravo!

(360) 906-0441 www.bravoconcerts.com

La Center School District (360) 263-2131 www.lacenterschools.org Mt Pleasant School District (360) 835-3371 www.mtpleasantschool.org Ridgefield School District (360) 619-1300 www.ridge.k12.wa.us Vancouver School District (360) 313-1000 www.vansd.org Washougal School District (360) 954-3000 www.washougal.k12.or.us Woodland School District (360) 841-2700 www.woodlandschools.org COLLEGES / UNIVERSITIES Clark College (360) 699-6398 www.clark.edu Washington State University (360) 546-9788 www.vancouver.wsu.edu HOSPITALS Legacy Health Salmon Creek (360) 487-1000 www.legacyhealth.org PeaceHealth (360) 514-2000 www.peacehealth.org

Adventist Medical (503) 257-2500 www.adventisthealthnw.com Doernbecher Children’s Hospital (503) 494-8311 www.ohsu.edu Legacy Health (503) 335-3500 www.legacyhealth.org Kaiser Permanente (503) 813-2000 www.kaiserpermanente.org OHSU (503) 494-8311 www.ohsu.edu Providence Portland (503) 574-6595 www.providence.org Shriner’s Hospital (503) 241-5090 www.shrinershq.org Tuality (503) 681-1111 www.tuality.org NEWSPAPERS Camas-Washougal Post-Record (360) 834-2141 www.camaspostrecord.com The Columbian (360) 694-3391 www.columbian.com The Reflector (360) 687-5151 www.thereflector.com

Cedar Creek Grist Mill (360) 225-5832 www.cedarcreekgristmill.org Chelatchie Prairie Railroad (360) 686-3559 www.tickets.bycx.org Cinetopia (503) 597-6900 www.cinetopia.com Clark County Historical Museum (360) 882-0936 www.columbiasprings.org Columbia Springs (360) 993-5679 www.cchmuseum.org Convention Center (503) 235-7575 www.oregoncc.org Expo Center (503) 736-5200 www.expocenter.org Fort Vancouver National Historic Site (360) 816-6230 www.nps.gov Hulda Klager Lilac Gardens www.lilacgardens.com Mt. Hood Ski Bowl (503) 272-3206 www.skibowl.com Mountain View Ice Arena (360) 896-8700 www.mtviewice.com

RESOURCE GUIDE RECREATION CONTINUED...

RECREATION CONTINUED…

UTILITIES

NatureScaping Wildlife Botanical Gardens (360) 737-1160 www.naturescaping.org

Vancouver Symphony (360) 735-7278 www.vancouversymphony.org

Battle Ground Water/Sewer (360) 342-5000 Garbage (360) 892-5370

Water Resources Education North Clark Historical Museum Center (360) 247-5800 (360) 487-71111 www.amboywa.com www.cityofvancouver.us

Camas Water/Sewer (360) 817-1567 Garbage (360) 834-2462 Recycling (360) 892-5370

Officers Row (360) 992-1800 www.cityofvancouver.us

Ridgefield Water/Sewer (360) 887-8251 Garbage (360) 592-5370

OMSI (503) 797-4000 www.omsi.edu Oregon Zoo (503) 266-1561 www.oregonzoo.com Pearson Air Museum (360) 816-6232 www.nps.gov Pomeroy Farm (360) 686-3537 www.pomeroyfarm.org Ridgefield National Wildlife Refuge (360) 887-4106 www.fws.gov Regal Cinemas (800) FANDANGO www.regalcinemas.com Sunlight Supply Amphitheater (360) 816-7000 sunlightsupplyampitheater.com Two Rivers Heritage Museum (360) 835-8742 www.2rhm.com Vancouver Landing W of 100 Columbia Street

SHOPPING Cascade Station (503) 643-8389 www.shopcascadestation.com Columbia Crossing (360) 737-6300 www.columbiatechcenter.com Jantzen Beach Center (503) 336-9202 www.jantzenbeachpdx.com Vancouver Mall (360) 256-8122 www.shopvancouvermall.com TRANSFER STATIONS Central Transfer & Recycling (360) 256-8482 columbiaresourcecompany.com 11034 NE 117th Avenue Vancouver, WA 98686 Washougal Transfer Station (360) 835-2500 columbiaresourcecompany.com 4020 S Grant Street Washougal, WA 98671 West Vancouver (360) 737-1727 columbiaresourcecompany.com 6601 NW Old Lower River Rd Vancouver, WA 98660

Washougal Water/Sewer (360) 835-8501 Garbage (360) 892-5370 Clark Public Utilities (360) 992-3000 www.clarkpublicutilities.com Clark County Septic (360) 397-8428 www.clark.wa.gov Clark Regional Wastewater (360) 750-5876 www.crwwd.com NW Natural (800) 422-4012 www.nwnatural.com Waste Connections (360) 892-5370 www.wcnorthwest.com USPS (800) 275-8777 www.usps.com VOTER REGISTRATION Clark County (360) 397-2345

CYBER SECURITY Because of you… we obsess over cyber security!

Cyber fraud and email hacking is on the rise. Fraudsters may access individual email accounts and monitor the life of your transaction. At the time funds are due to the escrow, fraudsters intercept the information for wiring funds and the fraudsters change the information without the knowledge of the sender or recipient, resulting in the funds 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 how you want funds due you sent to you at 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 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://national.wfgnationaltitle.com/2016/04/05/obsess-cyber-security/

WHY IS OWNER’S TITLE INSURANCE IMPORTANT? Financially speaking, the decision to buy a home is one of the biggest decisions a person will likely ever make.

Owner’s title insurance insures that, when the purchase is closed, the buyer is the owner of and has marketable title to the property, has access to the home, and there are no liens, claims, or restrictions on the buyer’s 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 Understanding the Escrow Process An escrow is an arrangement in which a neutral third party (the escrow agent) assembles and processes many of the components of a real estate transaction, records the transaction, and ultimately, disburses and distributes funds according to the buyers’, sellers’ and lenders’ instructions. Your transaction is typically closed by an Escrow Officer. People buying and selling real estate usually open an escrow for their protection and convenience.

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 for 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 FOR WHAT IN WASHINGTON Seller Pays For... 

Real estate commission



Owner’s title insurance premium



Escrow fee, one half1



Real estate excise tax (1.78%2 based on sales price)



Loan costs required under the FHA/VA provisions of contract 4 Payoff of all loans in Seller’s name (or existing loan balance if being assumed by Buyer)



Statement fees, reconveyance fees (including associated recording charges) and any loan prepayment penalties



Buyer Pays For... 

Lender’s title insurance premium (if applicable)



Escrow fee, one half1



Recording charges for all documents in buyer’s name



Inspection Fees1



Tax pro-ration (for any taxes from time of transfer of title to end of the tax payment period)



All new loan charges (except for those required by lender for seller to pay)



Hazard insurance premium for first year



Interest on new loan from date of funding to 30 days prior to first payment



Work orders, such as termite inspection or home repairs1



Home warranty1



Document preparation (if applicable)



Encumbrances (such as judgements and tax liens) against the seller



Home warranty1



Notary fees (if applicable)



Courier fees (if applicable)



Tax pro-ration (for any unpaid taxes up to time of transfer of title)



Delinquent taxes



Unpaid homeowner’s dues



Assessments or bonds1



Notary fees (if applicable)



Courier fees (if applicable)

1

Subject to Purchase and Sale

2

State Excise Tax is 1.28% plus 0.50% for County Tax (May vary by county, consult with your Escrow Officer)

3

Financing Addendum to PSA - $300 maximum for any fees that lender can charge to Buyer

4

Up to $300 FHA/USDA/VA loans and buyer’s share of the escrow fee for a VA loan

This flyer is not intended to be an all-inclusive list of fees and charges on every transaction, but rather a guide to the major costs of buying or selling real property. WFG would be happy to review and explain your closing cost prior to finalizing the transactions.

TITLE VESTING

COMMON WAYS TO HOLD TITLE TO REAL PROPERTY JOINT TENANCY

TENANCY IN COMMON

COMMUNITY PROPERTY

PARTNERSHIP

PARTIES

Any number of persons

Any number of persons

Married persons and domestic partners

Related or unrelated parties

DIVISION

Ownership interests must be equal

Ownership can be divided into any number of interests, equal or unequal

Husband and wife’s or domestic partner’s interest must be equal

Ownership interest is in relation to interest in the partnership

There is only one title to the whole property

Each co-owner has a separate title to his or her undivided interest

Each co-owner’s There is only one interest is owned title to the whole in partnership property for partnership purposes

Purchaser will Purchaser will become a tenant become a tenant in common with in common with the other owners the other owners of the property of the property

Purchaser cannot Purchaser can only acquire the acquire one owner’s interest whole title unless he or she and hold as community becomes a property partner

TITLE

PURCHASER

Individual All owners must co-owners do not on use and need the consent CONVEYANCE agree disposition of of the other to property use or dispose

DEATH

SUCCESSOR’S STATUS

Husband and wife or domestic partners must agree to use and disposition of property

Partnership sets parameters for use and disposition of the property

Property passes to survivors without going through probate

Partnership On spouse’s/ Individual's domestic interest passes to interest passes to partner’s death, designated heirs designated heirs surviving spouse/ who would through probate domestic partner become partners

Last survivor owns property

Surviving spouse or domestic partner owns property

Devisees or heirs become tenants in common

Devisees or heirs have no rights in specific partnership property

WFG OFFICE LOCATIONS

1

2

3

ADMINISTRATIVE

4

LLOYD

7

DOWNTOWN VANCOUVER

CLACKAMAS

5

NW PDX/ COMMERCIAL

8

SALMON CREEK

LAKE OSWEGO

6

SUNSET

9

VANCOUVER MALL

12909 SW 68th Pkwy. Ste. 350 Portland, OR 97223 503-431-8500 9200 SE Sunnybrook Blvd. Ste. 350 Clackamas, OR 97015 503-353-9975 5885 Meadows Rd. Ste. 150 Lake Oswego, OR 97035 503-624-4900

1625 NE Weidler Street Portland, OR 97232 503-230-8488 25 NW 23rd Pl. Ste. 1 Portland, OR 97210 503-219-9088

2430 NW 206th Ave. Ste. 125 Beaverton, OR 97006 503-533-9510

101 E 6th St. Ste. 125 Vancouver, WA 98660 360-314-0300

2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818 5101 NE 82nd Ave. Ste. 102 Vancouver, WA 98662 360-891-5454