What's New at Riverside Homes

 There is only one home left at Fern Hollow in Tigard. Make it yours by acting quickly. Call Violet today to arrange an appointment!

Violet
Crandall Group, John L. Scott
(503) 318-9351

If you're looking for an inexpensive way to furnish your home, please join us Saturday, March 23rd from 8am - 11am. We'll be selling the furniture and accessories used to decorate our model homes.

Items include:

- Knick Knacks
- Candles
- Art work
- Bath Towels
- Children's Furniture
- Bedding
- Sofa
- Tables
- Chairs
- Patio Furniture

Keep your eye out for the grand opening of two new neighborhoods in Hillsboro and Beaverton. They will feature new plans and affordable prices. Click a logo to learn more about each neighborhood.

You may be hearing alot about short sales these days. A short sale is a real estate purchase whose proceeds fall "short" of the balance remaining on the home's loan. This is often the case when a bank has foreclosed on a home, preferring to sell it at a loss than pressing the owner for continued payments. While it may seem like there is an opportunity to save on a foreclosed home, there are some potential negatives to this kind of purchase that make buying a new home more favorable. Consider the advantages of buying a new Riverside Home versus a short sale:

You hear a lot about interest rates these days. To help you understand how interest rates affect buying power, we've put together the table below.

For example, say you qualify for a $300,000 loan with an interest rate of 4.5%. If interest rates rise to 5.5% you'd now only be qualified for a loan of $267,705. That one percent change in interest rates equals a $32,295 reduction in buying power. In other words, if prices drop by $10,000 and interest rates rise 1%, you've lost $20,000 by waiting.

While home prices are a very important consideration, interests rates have a large say in how much you can afford. If you're waiting for home prices to drop while interest rates are rising, you may end up paying more.