about portland Archives - Living Room Realty

Want to get pre-qualified during the times of Covid-19..?

Posted on April 22, 2020 by Living Room Realty

There are a few tips I would like to leave current Portland, Oregon residents who are ready to buy or sell their homes, during the times of Covid-19.

Best 7 Questions to ask your Lender :

Are you a direct lender ?

2. Are you a correspondent lender or broker?

*Please note, in my opinion, direct lender is usually best.

3. Are you a local lender?

4. Is the loan going to be fully underwritten?

5. What are the current interest rates and can I lock in my rate?

6. If my parter is affected by COVID-19, could I still qualify?

7. Be honest, disclose your current working / employment situation with lender. Ask if it is better for you to pre-qualify for the loan individually?

**The lenders are the experts who will give you the most realistic feedback regarding your ability to pre-qualify.

This video is created by Steph Noble, an amazing local lender here in Portland.

There are some mind- shift changes occurring within the current Real Estate Market during the time of Covid-19.

See link below for the full Video from Steph Noble, Local Portland Lender, Guild Mortgage.

Stability of interest rates, April 2020

The Feds interest right now is to solely stabilize the mortgage baked securities for interest rates.

The Feds will increase and decrease their buying based off what is needed to keep the interest rates stable.

Their commitment is to keep rates stable.

The buying of mortgage backed securities is so powerful right now , it is out impacting any other economic factors.

Typically, when we have good or bad economic news, there is an impact to interest rates, the Feds buying mortgage backed securities is out-weighting any of those other economic factories regarding interest rates.

–You may have heard that the Feds are pulling back on what they are buying ?

Even with them pulling back as needed, to keep rates stable, currently, the feds are buying back double what is being produced.

If you have any more questions or comments please reach out to me or Steph Noble directly!

https://www.livingroomre.com/agents/meline-khachatourian/

Pantone’s Color of the Year-2020

Posted on December 6, 2019 by Aryne + Dulcinea

It’s that time! We think forward to the year to come, and nothing directs us more than color. Take a look at what PANTONE has in store for us this year!

“A timeless and enduring blue hue, PANTONE 19-4052 Classic Blue is elegant in its simplicity. Suggestive of the sky at dusk, the reassuring qualities of the thought-provoking PANTONE 19-4052 Classic Blue highlight our desire for a dependable and stable foundation on which to build as we cross the threshold into a new era.

Imprinted in our psyches as a restful color, PANTONE 19-4052 Classic Blue brings a sense of peace and tranquility to the human spirit, offering refuge. Aiding concentration and bringing laser like clarity, PANTONE 19-4052 Classic Blue re-centers our thoughts. A reflective blue tone, Classic Blue fosters resilience.”

About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne + Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.

Contingent Sale Sucess

Posted on December 14, 2018January 6, 2023 by Living Room Realty

Our beautiful friends Carla and Andy told Jason and I that their cousins were needing to move to Oregon. They swung by both open houses that Jason and I were separately holding to introduce us to the wonderful Lorenzo, Teresa, and their beautiful children.

I received a text 3 weeks later with the great news that Lorenzo had a new job assignment in Portland, and they needed to quickly make the jump to settle in in Oregon. They were in the process of selling their home back in California so it would have to be a contingent sale. We prepped them for the potential hurdles we would have to face with a contingent offer so they were armed with knowledge before diving head first.

They flew in a week later and we lined up 5 homes that we felt fit their criteria. I warned them that it might all feel like a blur at the end of the tour; so we needed to keep detailed notes on each home. Home #2 stuck out from the very minute Lorenzo and Teresa stepped foot in it. By home #4, Teresa had a feeling that we needed to revisit #2 to solidify her gut reaction that this was home. We gave the listing agent the good news that we wanted a second viewing in the same day. After our second viewing Lorenzo started to see the draw of why Teresa felt like home #2 was home.

After Lorenzo and Teresa thought everything over, they gave us the go ahead, and we put together a strong case for why the sellers should accept their contingent offer. For extra support their lender, Dion Mancia with Caliber Home Loans, was amazing and called the listing agent to vouch for them as solid buyers. By the end of the day we were giving Lorenzo and Teresa the good news that we had mutual acceptance!

This transaction stood out to us particularly because of the excellent teamwork and communication of all those representing Teresa and Lorenzo. Their agent back in California, Naz Fontilea w/ Century 21, was fantastic and kept us up to date on the sale of their home so that we could organize our closing in Oregon. The escrow officers from Old Republic in California helped facilitate wiring funds from their sale to ours in Oregon. Jennifer Fahner with Old Republic Title and her team were amazing and worked together to sign Lorenzo and Teresa as soon as they received loan documents.

Our collective goal was to alleviate as much stress from Teresa and Lorenzo as possible so that they could focus on their end prize of moving to Oregon. Working on 2 closings simultaneously is no easy task, and Teresa and Lorenzo handled it like champions.

In a little over one month Lorenzo and Teresa moved their lives from California to Oregon, and we are so excited to have them here. We look forward to all the memories that they will create in their beautiful new home.

Cheers to Teresa, Lorenzo and the whole family! Welcome home!