Serving Gresham, Troutdale, Fairview, Portland, Sandy, Boring, Clackamas, Damascus, Wood Village and the entire Portland East Metro Area

No Comments

Homes for sale in Fairview Oregon

by Greg Walczyk & Associates Realty

Homes for Sale in Fairview, Oregon

Fairview is a cute, quaint little city located 15 miles from Portland Oregon and about 180 miles from Seattle Washington.

The city of Fairview sits in Multnomah county and was established in 1908.

The population of Fairview is 9,280 welcoming and engaging people.  They all come together to enjoy the natural and community features that Fairview has to offer.  Fairview holds 127 historical sites and spans 3.1 square miles.

One of the communities’ favorite areas is Blue Lake. (insert link here). Blue Lake sits on the Columbia River valley and has waterfront homes and park areas.   Chinook Landing Marine Park has a boat launch onto the Columbia River which was opened in 1991. The park has play structures, safe swimming, picnic areas and many other family friendly attractions. Having Blue Lake Park between Fairview Lake and the Columbia River creates a harmonious balance of natural features and land that is pristine and undeveloped. The natural flow of the nature and community makes this location very desirable.

Another outstanding and unique Fairview neighborhood is the award-winning Fairview Village.  “The Village” as locals call it is a unique, planned community.  Many compare it to a quaint european-style hamlet.  With a walking score above 75 it sits within 6 blocks to parks, schools, post office, library, walking trails, restaurants, shopping, doctors, coffee bistros, etc.   Many residents leave their car at home and walk to work and play within the Village.  Insert link here.

The average cost for a home in Fairview is around $300,000.

Types of loans available


Types of loans can vary from where you are seeking to live if this is your first time buying a home and or if you’re looking to avoid a down payment.

Here are a few examples of a couple of loans that are available to the public in Fairview Oregon. The Federal Housing Administration also is known as FHA offers loans to low and moderate-income home buyers. FHA Loans can come with a lower down payment and have an easier process for requirements compared to a conventional fixed-rate mortgage.

The FHA mortgage has no income restrictions and is accessible to those with lower credit scores. A great benefit of an FHA mortgage loan is a past bankruptcy may not necessarily disqualify you.

Another common type of loan is The Department of Veterans Affairs also known as the VA which offers a  zero-down mortgage program. To be a part of the VA program you would need to be a veteran or service Personnel in the US Military.

Another popular type of loan is a fixed rate loan better known as a conventional loan. A fixed-rate mortgage is a popular mortgage program that is used in 2016. This loan type offers the borrower a fixed interest rate for the life of the loan, typically 15 to 30 years. A fix rate mortgage will give peace of mind knowing that your monthly payment will not change over time.

A typical fixed rate mortgage has requirements established in the underwriting by Freddie Mac and Fannie Mae and requires certain down payment in debt to Quality ratios to qualify. Fixed-rate loans are especially attractive to buyers who plan to stay in their home for more than a few years.

Next up will be an adjustable-rate loan. With an adjustable-rate mortgage also known as ARM, the interest rate changes periodically, and payments go up or down accordingly. Rates are tied to an index that reflects the cost of money at any given point in time. Lenders charge a lower initial interest rate for the ARM than for the fixed rate mortgage period if you’re expecting interest rates to decrease in the future, or if you are trying to maximize your purchase power today knowing your income will rise in the future, and then this one may be right for you.

Last but not least local home buying program. There are often many state and local programs available. These programs offer down-payment assistance and programs for local home ownership. You can learn more about these local programs, recommended lenders, and other finance options by contacting Greg Walczyk & Associates (insert button for finance) are an excellent team of brokers located in Fairview Oregon.

No Comments

Houses for sale in Gresham, Oregon

One of the greatest things about Gresham, Oregon is the unique history of this community. Gresham was established in the mid-1800’s giving it many decades of rich Northwest history.

Gresham has grown steadily over the past 150 years and is expected to continue growing. It is projected to add at least 40,000 new residents by 2027. This will nearly double the population.
In addition to population growth there are many new opportunities for the working class. The progressive leadership of the city is embracing a unique plan for the future.

Officials predict that public transportation will be at your disposal and is projected to reduce car use up to 20% over the next 30 years.

Gresham also created regulations encouraging more bicycle and pedestrian friendly developments in the city. The ultimate goal is to reduce traffic congestion as the city continues to boom. We embrace our clean Northwest environment!

Job market in Gresham Oregon

The job market in Gresham is strong and robust. Leading the way is Chandler, Arizona-based manufacturer Microchip. This facility employs 360 local workers and is also expected to have more growth.

ON Semiconductor is a factory that brings in more jobs and employs 750 people with upper end pay. That number is a 50% increase since the company arrived. The Arizona Company plans to add 30 more jobs this year (2016-2017); this will be bringing even more work to Gresham area.

Other companies in Gresham that are expanding and hiring:

The City of Gresham


State of Oregon branch in Gresham

AMI Semiconductor

Barlow School District

Brookdale Senior Living

Telecare Corporation

With all this growth the property values in Gresham are rising. We have seen an increase in home prices of nearly 30% appreciation since 2012.

Schools in the Gresham area

Gresham has over 30 primary and secondary schools plus private and semiprivate options.

The 3 main school districts serving the area are Gresham/Barlow, Centennial and Reynolds. There are also Christian and Montessori academies that run through middle school.

In addition to academics the area is served by many club rec and competitive sports leagues. The MLS team Portland Timbers sponsors the Eastside Timbers rec and developmental soccer programs. This system provides training for any skill level soccer player from 5 to 23 years old. Go Timbers!

Historic old town Gresham is filled with small, eclectic mom and pop shops. It is a great place to walk, window shop or people-watch while enjoying some ice cream. Don’t miss the northwest bistros, breweries and night spots!

If you wanted to take a Sunday drive it’s a hop skip and a jump to Mount Hood or the Columbia Gorge which both boast majestic scenery and tons of hiking/skiing/rafting. One of the highest waterfalls in the US, Multnomah Falls is 20 minutes down the road for a day escape. Or point your car west for a beautiful 2 hour drive past downtown Portland and on to the world-famous Oregon coast. There are endless days of fun there. Check our one of the websites for what to do and where.

Houses for sale in Gresham, Oregon

Currently on the market in Gresham, there are around 313 homes for sale in the Gresham area ranging from 75,000 to 2.5 million. If you are a new home buyer and are ready to make the next step in your life, then Gresham would be a great start for you to buy a home.

Steps in buying a home

Typically the recommendation is to look for a home that costs no more than 3 to 5 times your annual household income. Once you have established your budget and are qualified for a mortgage, the fun part begins- shopping!

Let’s see if we can qualify you Loan Analysis to see what loan works best for you.

Pre-determining what numbers you have to work with gives you and your realtor a better idea of the type of home and area that are right for you.

We suggest when doing research on homes make sure to pay attention to the changing local market. Once you have decided your budget, where you were looking to live, and the type of house you are looking for it is time to find the right real estate agent who will work best for you and who will work for you.

Hiring the right agent/broker takes all the guesswork out of the process. Your professional agent will find that perfect dream home that matches your search parameters and will guide you to through the negotiation, paperwork and closing. This will help alleviate stress and make the process more fun and safe.

Other Costs in Buying a home

Some related costs that you may need to budget for are:

The down Payment. Based on qualifications the down payment can be 3.5% to 20% of the purchase price. This money can often be gifted from a family member with proper documentation.
In addition you will need to purchase a home inspection. Those can range from $300-$500 depending on the size of home. Home Inspections can help alert you of any problems existing before purchasing the home. These inspections can help lower the cost of a home or bring issues to your attention that you should be aware of before you own the home.

Often a seller will pay buyers closing costs for them as part of the transaction. If not then the buyer will need to bring an additional 2% and 5% of the purchase price to the closing table.

Last but not least. You will need a reserve in your bank account of at least two-six months of payments. Once the loan goes through your savings reserves can be spent on new furnishings, updates or whatever you want to spend it on.

When you have found the home of your dreams, the process of ownership begins. There is a lot of paperwork involved coordinating between your loan and the buyer and seller paperwork. Fortunately a strong, professional real estate agent like ours at Walczyk & Associates Realty will make this process will seamless and profitable.

The entire process of buying a home takes from 45-120 days. Once that process is completed we deliver the keys to you and it is time to move in and enjoy your new home!

No Comments

Should I Buy a Home Now 2016?

by Greg Walczyk & Associates Realty

I’m often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

While a home is a major investment, it is also the center of your personal life. It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.” To that end, it may be more important to lock in today’s relatively low interest rates while they are still available.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.


Why wait any longer, find out what your loan will be approved for today!