West Linn's lower mid level is seeing signs of improvement as well as the trickle up is starting to take shape. It is the next tier of pricing that has seen the slowest recovery; upper mid level step up homes have seen prices slipping and inventory is plentiful. Overall West Linn prices are down 15-25% over the past 2 years. Though Oregon as a whole is moving into the recovery column we do have a way to go. West Linn has its share of Short sales and bank owned (REO) properties that are having an impact on pricing. Days on market are running 160 days. Unfortunately, inexperience has not helped the short sale scenario and agents and sellers are reacting and not pro actively working with lenders.
As a SFR agent (Short Sale and Foreclosure Resource designated by the NAR) I have the tools to assist you, negotiate on your behalf as your 3rd party representative and determine if your short sale has an OPPORTUNITY TO CLOSE.
The last thing you need as a seller or a buyer in a short sale transaction, is inexperience.
Housing is the foundation of all communities. It is in the best interest of all home owners and home buyers to move a short sale to the closed column quickly, before they ever become a foreclosure. It is imperative that Sellers work with an experienced agent that can work with your lender to facilitate the process. Banks do not want your home back.