What's New at Riverside Homes

Model home furniture sale at Hobbs Farm in Cornelius

If you're looking for an inexpensive way to furnish your home, please join us Friday, April 4th from 11am - 3pm at Hobbs Farm in Cornelius. We'll be selling the furniture and accessories used to decorate our model homes. Items include:

Kitchen accessories
Bath accessories
Kids items
Misc. accessories and decor

Hobbs Farm
2608 North Fremont Street 
Cornelius, OR 97113
Get driving directions.
RSVP on our Facebook page!
Please note:

Must load and pick up all items at time of purchase, we are also unable to hold items—no exceptions
Cash only—no exceptions
No Phone or Email Inquiries — Just bring your friends, family, truck and your cash!

One home left in Cornelius at Hobbs Farm

Hobbs Farm LogoThere's only one home left at Hobbs Farm in Cornelius. Make this 2012 plan yours and enjoy easy access to high-tech emplyers and Highway 26 and 8 for quick travel options. Click to learn more about this neighborhood and home. Contact Kent today to check out Hobbs Farm.

By appointment only
Kent Bounds
Remax Equity Group
(503) 495-3499 office
(503) 784-1065 mobile

Minter Bridge now selling in Hillsboro

Limited home sites are now available at Minter Bridge in Hillsboro. The two extra large home sites will feature the popular 2012 plan. There will be space for your RV or boat! Contact Kent Bounds today to see Minter Bridge for yourself!

By appointment only
Kent Bounds
Remax Equity Group
(503) 495-3499 office
(503) 784-1065 mobile


Minter Bridge map

Are short sales a good deal?

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:


Interest rates and buying power

Interest rates and buying powerYou 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 to buy while interest rates are rising, you may end up paying more.