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I Can't Thank You Enough "Thank you so very much Lois for making our dream happen!" Cecile, Paul and Family, Portland, OR Read Quote > View All Quotes >
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About the Lake Oswego, Oregon Area  |  | | | | |
 
Overview
Picture one of the most beautiful, serene cities in the Pacific Northwest, and you’ve got Lake Oswego, Oregon.
One of Portland’s most affluent suburbs, the city of Lake Oswego shows like a painting: lakes, rivers, and towering evergreens; colorful flower boxes everywhere; chateau architecture, snow-covered Mt. Hood in the distance, and a classic spacious small town feel.
Lake Oswego is a 3-1/2 mile man made lake, with a dock at the east end that allows boaters to disembark and enjoy the city’s fine restaurants and cultural life. With about 38,400 residents, real estate in Lake Oswego is considered some of the most sought-after property in all of Oregon. About 8-1/2 miles southwest of Portland (which was named America’s Best Big City by Money magazine), Lake Oswego has great schools, an appreciation for arts and culture, an exceptionally low crime rate, and NO sales tax. And the location can’t be beat – you can be in Portland’s city center within 15 minutes. Drive west for about 90 minutes and you’re at the ocean. Drive east for 90 minutes and ski on Mt. Hood. The climate is temperate, with averages in the 40s in the winter and 70s in the summer.
Housing types vary from single family dwellings with high pitched gable roofs, to sprawling estates, to condos and townhouses. Average household income is about $110,000, and median home prices are about $350,000. Professions within the area include education, healthcare, and social services. Most Lake Oswegans commute to Portland for work.
Transportation
Three highways surround Lake Oswego – I-5, I-205, and 217. There is also easy public transportation via Trimet our award-winning light rail, bus, and streetcar system.
Amtrak is another popular way to travel, especially for longer distances to Seattle or San Francisco. Otherwise, Portland International Airport is only 30 minutes away via I-205.
History
The whole area around Lake Oswego was originally settled by the Clackamas Indians, for whom the county was named. Later, settlers of German, English, and Irish ancestry established Lake Oswego as a trade route via the Willamette River, exporting ore and lumber to neighboring towns. Remains of boating piers, ferry landings, and covered bridges can still be found from that period of time.  Request my Free Lake Oswego, Portland and West Linn Relocation Package. It's packed full of useful and important information about the Lake Oswego, Portland and West Linn, Oregon area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... It's my job to know EVERYTHING about Lake Oswego, Portland and West Linn! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly... 
Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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| Q |
What are the world's most valuable chairs?
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| A |
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330. |
See More Real Estate Trivia > |
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