Did You Know – Building Your Home Buying Team

 

Hey there, I’m Karim Alaeddine, Principal Broker at Living Room Realty.

Today, we’re discussing your home buying team, which consists of your lender of choice and your trusted realtor. So, what makes these two players so crucial in your quest for that unique home, that Living Room of your own?

Pre-Approval

Let’s first talk about the lender and the importance of the somewhat magical pre-approval letter. This document is your golden ticket in a competitive housing market. It establishes your commitment, and potential, to become a homeowner. It shows sellers that you’re not just serious, but financially capable of buying a home.

If you’re not familiar with who you’d like to use as your lender, talk with your agent. Most agents have a roster of trusted lenders they can recommend.

With a pre-approval letter in hand, you can confidently make offers, knowing your own boundaries and budget. And this helps your realtor tailor your home search to real and achievable options for you, saving time and energy. And critically, this self awareness builds the foundation for strong negotiations when making offers.

Finding The Right Agent For You

Now, let’s talk about your real estate agent. Beyond just finding & showing you homes, your realtor is your strategic partner on this journey. They’re your advocate and a knowledgeable touring partner who helps evaluate properties, potential, risks, and opportunities.

When that fateful day arrives and it’s time to write an offer on the home of your dreams, your realtor’s fiduciary duty and experience in the market will be the backbone for negotiating on your behalf.

Beginning with educating you on the nuances of purchase contracts and contingencies, guiding you through the complexities of crafting a winning offer strategy tailored to current market conditions, and seamlessly managing the transactional flow – including inspections, appraisals, timelines, and necessary documentation – your realtor remains an unwavering presence at every stage of the process.

So, whether you’re just starting to explore the market or you’re ready to make that leap into homeownership, remember to assemble your dream team: a trusted lender armed with a pre-approval letter and a savvy realtor by your side. Together, we’ll turn your homeownership dreams into reality.

Make A Move

Ready to make a move? Call your agent today. We would love to help you find your next Living Room.

 

Did You Know?

Ready to level up your home buying knowledge? Delve into our “Did You Know?” series where we unpack essentials of the real estate process. From decoding home inspections to demystifying mortgages, we’re here to make your journey seamless. Explore more insightful tips tailored for your home buying adventure. Let’s make your real estate dreams a reality!

HGTV, A Cup of Coffee, and a House Flipping Venture

In 2016, Ian Curtis, asked if I’d meet him for a cup of coffee. While we share the same last name, it turns out the only relation we have is through real estate and our interest in restoring 100 year old houses. We met at Case Study on Alberta St in NE Portland to talk about house flipping. Ian had just gotten his real estate license. He shared with me he wanted to buy and restore houses. I had been house flipping in Portland for about five years by then, so I certainly had some experience to share. And tips.

I’ve always been open to talking with people about my real estate ventures. But also what has had them go well and the pitfalls along the way. By the time I met Ian, I had had many cups of coffee with many people who had even a twinkle in their eye when watching their favorite house flipping show on HGTV. And I love that, actually.  That’s usually where dreams begin in this line of work. Whether or not people go on to actually do the work and restore houses, doesn’t really matter. It’s exciting imagining, and then taking a few steps to see if its right for you.

I don’t remember everything Ian and I talked about that day, but I remember him asking thoughtful questions. I saw him as a serious, very professional, and talented, young guy. And I think I recognized an old soul, which really made me like him from the beginning. Also not bad qualities to have in this line of work.

N Cecelia Kitchen Renovation

From then, Ian and his business partner, Matt Clark, went on to flip a house. I remember that first one well. It was an old farm house in North Portland on N Cecelia St. It was such a thoughtful renovation, a ton of work, and people loved the traditional farmhouse remodel style they created. When we listed it for sale, it sold within the first three days.

Now, several years later, Ian and Matt have a dynamic real estate development business, Milk & Honey Restoration.  They take on complex home renovations, new construction and rentals. While I wish I could take some credit for it, they’ve really gone beyond what I’ve done. Though I do appreciate they still ask my opinion from time to time. 😀 They have their own ideas, style, and team. And I’ve been inspired not just of the work they’ve done, but the integrity they have in their work.

Their most recent remodel is at 2606 SE 16th Ave, Portland, an old Foursquare home with large garage they converted to a second living space. I asked Ian some questions about the house, and here’s what he shared

 

What was the inspiration for the remodel and design you chose?

Sometimes a renovation project feels like a blank slate where the original design and style is ambiguous or has been convoluted over time. Other times, such as this one, a house has such marvelous original style that staying true to that design feels like the best thing you can do for the home. Working with Pip Stevens, our local interior designer, we restored the many original archways, replicated original trimwork, and made design decisions that stayed true to the original architectural style of the home while bringing in fresh ideas and modern upgrades.

SE 16th Living Room Renovation

What was the most unexpected thing that popped up if anything?

One of the unexpectedly pleasant things that happened was, after opening up the walls, discovering how well built and well kept-up the home was. Some of the best “bones” we have seen in a home of this age. Probably the most unpleasant (though maybe not so unexpected) thing that happened was the delay in manufacturing times.  The pandemic supply chain issues are still affecting all sorts of products and it is hard to keep track of what products will have delays. For the last project, garage doors were extremely delayed. For this project, our windows took at least two months longer than usual to get back from the manufacturer, causing a pretty big delay in the project.

Did this turn out how you expected, or did you make any big changes along the way?

When we started the project we hadn’t decided how to finish the garage. The extra large garage with a kitchen sink and upstairs loft was once apparently used by one of the early owners, an Italian vegetable farmer or merchant, to wash his vegetables before selling them at a market. After some due diligence and deliberation we decided the best use of the space was to create a 1 bedroom / 1 bathroom legal ADU while retaining a single car garage space. The ADU can be used as a short or long term rental. The close-in, desirable location surely lends itself to, or however the next owner sees fit.

Ian and Matt provide an exceptional level of detail in their work. When you walk through this house, you want to sit down and stay for a while.  But it doesn’t just look pretty. When you discover the new guts of the house: energy efficient casement windows, roof, extensive electrical, plumbing and efficient heating and cooling updates, you want to move right in.

I had the opportunity to share this house and and before and after photos of the house on KATU’s Afternoon Live.  To see the short interview and photos, check it out here 

Bobby Curtis on Afternoon Live with Kara Mack, House Flipping & Portland Real Estate

For those with that twinkle in their eye after watching their favorite HGTV show, check out my house flipping tips.  Now let’s get some coffee.

Bikable, in Need of TLC

Josh and Kevin closed on this quaint Victorian in need of some TLC just before Thanksgiving. When they originally reached out, they came prepared. They had a list of questions and expectations. I like that. While they had a broad list of houses they were willing to consider, a close-in Portland location was not something they would compromise on. I also like that. It’s important to know what you need, compared to what you want. And quite honestly, sometimes that changes in the course of looking for the right one. It didn’t for them, and it actually helped us narrow in on this one in Northeast Portland.

This Victorian had all the right elements for them, and just the right amount of work for them to make it their own.

Moving from out of state? These guys left their jobs and lives back in Chicago, and did that too. Read more here

Moving from Out of State

2020 flipped most of us upside-down, and in doing that, we got a different perspective. That was the case for Dylan and Steven. Like many of us over this past year, they took the new perspective and used it as opportunity to reassess where they want to live. That brought them to Portland.

Admittedly, when they first reached out to talk about moving here, they were unsure if they would make that move. Not to mention, the idea of buying a house across the country in a busy real estate market was a tad overwhelming. We talked through the ins and outs of the Portland real estate market, the neighborhoods that might be a good fit for them, and what the process would be like looking at houses from 2000 miles away.

Not surprising to me, it didn’t take long for them to become confident in their decision to move to Portland. After that, working together to find a great house was actually pretty easy. I work with many people who move to Portland from out of state. I did that at one point too, so I know what it’s like. And once we start talking about considerations, and why the move here, it seems to become clear. I don’t talk people into moving to Portland. I let them decide that on their own. But I do talk with them about what it has to offer, and what they can expect. If they decide against the move, I at least feel helpful in giving them some additional information to make a great decision for themselves. These guys just arrived, and are off on a new adventure.

Hip Restored Roseway Bungalow #2

Hip Roseway bungalow with restored original charm, and well appointed modern updates. Experience the great vibes on the light-filled main level with picture windows, craftsman millwork.

The great open layout and new custom kitchen will likely draw you in.

The finished lower level has a bedroom, full bath, laundry, bonus room, and a separate entrance, Great for Airbnb or a future accessory dwelling unit within the house.

The large fenced and private yard with mature plants make it inviting. There’s also a covered porch and two-car garage. Fresh paint, new fence, newer roof, furnace, and water heater.

3 bed | 2 bath | 1792 sq. ft.
MLS# 19317951 | Taxes: $4575 | Lot Size: 5500 sq. ft.
Bobby Curtis
Principle Broker
Licensed in Oregon
Licensed Contractor
CCB# 215071
503-502-3066

 

 

Stunning Concordia Tudor

Stunning Concordia Tudor

3231 NE Ainsworth St | Portland, Ore 97211

Offered at $799,900 | MLS # 19498887

4+ Bedrooms | 2.1 Baths | 2,925 SF

This Stunning Concordia Tudor is set on a beautifully designed 1/4 acre lot, full of native flora, entertainment spaces & garden secrets. Inside find winding staircases, incredible woodwork, cathedral windows that grace this home. Love the generous room sizes, loft en suite for guests &  bonus tucked away den or music room. A true chef’s kitchen, elevated and artful, opens to private patio for after dinner firepit or Sunday morning coffee ritual. Magical spaces, classic architecture, a Concordia treasure.

For a slideshow to the property photos click HERE

Affordable Remodeled Lents Farmhouse

Check out this sweet, professionally remodeled light and bright farmhouse.  It’s a just down the road from the all of the new development in Lents Town Center.

Character abounds with high bead-board ceilings and five-panel doors. The new kitchen cabinets, butcher block counters, double farm sink and beveled tile backsplash create a clean, inviting farmhouse kitchen.  And the master bedroom with double closets and slider to new deck give you more than you’d expect for a master at this price point. Double pane windows, high efficient furnace and laundry on main are nice added bonuses.

Plus, there’s an unfinished 300 SF attic ready for expansion when you are. Near the Springwater Corridor Trail, Max Green Line, and freeway checks all of the boxes for your commuting needs.

Are remodeled farmhouses your thing? I can’t take credit for the great work my clients did on this one in Lents, but family and I remodeled one in the Portland neighborhood of Montavilla in 2018. You can check out some before and after shots here

Bobby Curtis
Principle Broker
Licensed in Oregon
Licensed Contractor
CCB# 215071
503-502-3066

3 Referrals is a Sign …

Referred to us by 3 past clients, we knew it was destiny to serve these new buyers. They had the means to buy more house than they needed so it became clear our job was to find the right flow and connection to a house to call home, without buying a mansion. It didn’t take long for Robin & Elliot to find an awesome home that uniquely fits their needs. Congratulations!

Jessica + Karim ~ REALTORS® + Flow Connectors

To Flip or NOT to Flip

That IS the question. It’s always a pleasure to join Tra’Renee on Afternoon Live to chat about real estate.

I have been flipping houses, both large and small, since 2010 and have extensive first-hand experience with house restoration. You can find more of my interviews and tips on buying, selling, and flipping a house here.

This week I answered common questions about flipping houses. You’ve seen the TV shows that make flipping seem easy but there’s a lot to consider. If you’re thinking this may be for you, check out my tips and then watch this clip to arm yourself with all the facts before you dive into your next home restoration project.

Before you quit your job and start flipping houses, here are my Top Four tips:

1. Know your strengths and weaknesses.

2. Lower your risks by becoming or hiring a professional.

3. Have a budget and stick to it.

4. Be flexible because you never know what might come up once you’re in contract to sell that house.

Check out Afternoon Live, where I’m on once a month for more advice and guidance on Portland real estate. And click here to learn about 5 mistakes to avoid before flipping your first house.

Bobby Curtis
Principle Broker
Licensed in Oregon
Licensed Contractor
CCB# 215071
503-502-3066[/caption]