Just Listed! Delightfully Charming English Tudor on the Original Street of Dreams!

6104 N Mississippi Ave., Portland, OR 97217

$575,000

  • 4 Bed
  • 1 Bath
  • 2516 sq ft.
  • Built in 1930

 

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6104 N Mississippi Ave

Portland, Oregon 97217

Delightfully charming English Tudor on Portland’s original Street of Dreams in Piedmont. This home in the shire is loaded with original character including gleaming hardwood floors, stucco textured walls, fireplace, coved ceilings, nooks, crannies and an abundance of built-ins. The living room has a cozy built-in window seat, and the home features a formal dining room and smaller dining area in the kitchen, 2 good sized bedrooms on the main floor, and 2 smaller bedrooms upstairs.

Both the kitchen and bathroom have been updated. The hallway has personality and flair with a customized New Yorker magazine covers collage. The full basement has been earthquake retrofitted and with its high ceilings offers plenty of potential for future finishing. Framed by mature landscaping in the front, and a backyard filled with fruit bearing plants including apples, cherries, figs and raspberries.

The long driveway allows for plenty of off-street parking, and the shed offers great storage for bikes and garden tools. Located only a block from the Peninsula Park rose gardens, this home’s central location is one of the best in the city.

OPEN HOUSES: Saturday, November 9th 1pm- 3pm & Sunday, November 10th 12pm-2pm

 

Vintage Kitchens For Life

Let’s talk about vintage/retro kitchens. Personally, I love them and can’t get enough when details like original tile backsplashes, countertops, and cabinets and hardware are still intact 50-100 years later. Very few things make me sadder in the housing world when someone takes a perfectly functional and sweet vintage kitchen and tears it all out. I’m good with re-inventing vintage kitchens or taking vintage kitchens and figuring out ways to work in a dishwasher or modern fridge when a key original feature has been worked into the design. I’m lucky that so many of my buyers and sellers also appreciate mainly intact vintage kitchens, and over the last 16 years I’ve helped folks buy and sell homes with too many to count vintage kitchens. Here’s a smattering of my favorites. Most are from the last few years, but a few are oldies but goodies.

NEW PRICE: ELEGANT AND COZY GOOSE HOLLOW VINTAGE CONDO $220,000

709 SW 16th Ave., #304

Portland, Oregon, 97205

Why buy a downtown condo at the Ritz Carlton for millions of dollars when you can have all the light, charm and spaciousness of this vintage charmer just a short jaunt away in Goose Hollow, for a fraction of the price.

Cozy and elegant, this Goose Hollow condominium is a joy to visit. This corner unit is one of the nicest units in the Hamilton Arms condo community. Walking into the lobby from the street, all the good vibes start flowing and continue through the ride to the 3rd floor on the old fashioned elevator with “ding” sounds worthy of Wes Anderson’s “The Grand Budapest Hotel”.

Exit the elevator and down a hallway. When you reach the end, you’ll be right in front of Unit #304. The entryway to this unit is a private L shaped hallway with coat closet. Step through an arch and into an era of refined vintage sophistication and it’s hard to believe that you are in the middle of a City. Keeping with the vintage vibes, this unit features hardwood floors and picture rail molding everywhere. Topped off by gorgeous natural light and a fireplace, (non functional) and a darling and practical kitchen. Another small hallway sits off the living room where the bedroom and bathroom are, as well as a giant closet that connects from the living room and in the bedroom hallway.  The HOA is healthy and the building has all new plumbing.

The ultimate in urban living, there are MAX stops within a block of this building, plus secured bike parking in the basement.  If you have a car, no problem, you can rent a secure parking space at the Hotel deLuxe across the street. Laundry is shared, but no cost to residents to use. There are even little cubby’s outside the laundry room where laundry detergent and supplies can be stored.

Short-term rentals with a minimum of 30 days are allowed and no rent cap. HOA dues cover heat, hot water, water, laundry, trash, sewer, insurance and upkeep of common areas.

OFFERED AT $220,000

1 BEDROOM | 1 BATH | 679 SQ. FT. 

MLS# 23111752 | TAXES: $4,899 | HOA: $544

2022 Was a Very Good Year

 I am in the bizzyness of selling houses to good humans in Portland, OR. In 2022 I had the pleasure and privilege of selling 27 magnificent homes to the best buyers and sellers in the world, including a handful of folx who bought and sold, or sold and bought. I work by referral only, and after working as a real estate broker for 15+ years, I have the divine fortune of being able to choose to only work with good people who I adore. For those of you who have worked with me over the past 15 years, and those of you who have referred your friends, family and colleagues, I am thankful beyond belief. Goodness gracious I am one lucky duck.

Nice Knowing You Quarter 2 of 2022

My seller’s homes!

Between March 1st and June 30th of 2022, the real estate market here in Portland saw appreciation rise at a rate not seen since, well, ever. Over 20% year over year. Despite the challenges of the market, particularly being a buyer,  I had 10 buyers and 5 sellers successfully close on homes- all on the east side in the City of Portland. Of those buyers and sellers- 2 sellers were able to buy first and closed in March, and then sold their homes April and May. Another of my sellers was able to sell their home and buy their next one within a couple of weeks in June.  Six of my buyers were first time home buyers, and 1 of my sets of buyers purchased the home they had been renting directly from their landlord off-market. Lucky ducks. Of my 10 buyers, 7 got the first home they wrote an offer on, 2 got the second house they wrote on and 1 set got the third and best house they wrote on. The total number of homes I wrote a total of 14 offers. The youngest house I sold was a 1960 rancher in Parkrose Heights, and the oldest was a bungalow in the Richmond neighborhood built in 1912. Three of the houses got new roofs, 2 got new sewer lines, and 2 had leaking oil tanks- all of which were taken care of by the seller.

My 5 sellers did really well. Four of my sellers received multiple offers, and the fifth set of sellers accepted the first offer they received which was well over asking and submitted less than 24 hours after we went on the market. Of the 5 homes I listed, 4 were ones I had originally sold to the sellers. Bringing it full circle. Of my five sellers, 3 bought new and larger homes in Portland, and 2 moved out of state.  The youngest house I sold was a condo built in 1972 on Jantzen Beach. All the other homes were built between 1906 and 1953. None of my sellers made any repairs, and only 2 gave closing cost credits/concessions for needed repairs. I sure know and love old houses.

My buyers homes!

Everyone of my clients was either a past client of mine, or a referral from another previous client, a friend or lenders I partner with.  Fifteen transactions in 3 months is a lot for little old me who doesn’t have an assistant and doesn’t want one. Those are probably at least half the  number of transactions I’ll have the honor of working on for the entire year. So much joy and happiness to be surrounded by.

The Conjuring Of A Mid-Century House With A Pool In Happy Valley

 Back in 2011 I met one of my very favorite buyers ever, Mel.  She worked with the Portland Housing Center and had $9,000 to from a matched savings account through Portland Housing Center. She used that $9,000 for a 5% downpayment on an oh so very vintage 760 sf 1920’s bungalow in Arbor Lodge that she bought for $180,000.

Fast forward to 2021. Mel is now married to Ryan and they are resource parents for kids in need and through the processes, have adopted 2 amazing kids with a third in the works. And all 5 of them plus a pup and a kitty were living in the oh so very vintage 760sf vintage 1920’s bungalow in Arbor Lodge. To say they were busting at the seams goes without saying, and yet they were able to take advantage of every nook and cranny to make the most of their tiny space. They contacted me to formally declare that it was time to move and buy a bigger house. At first they thought they needed to sell first then buy because they didn’t have a lot of cash on hand for a down payment on their next house, but they sure had a heck ton of equity in their little bungalow. I visited the house last fall and after seeing how packed the house was- packed but tidy and clean!- I told them I there was no way they could  think they could sell first then buy. They needed to move out to make the little bungalow shine.  Mel’s little house that she put $9,000 down on had more than doubled in value since she purchased it 11 years ago. Their best option was to get an interest only HELOC (home equity line of credit) on their bungalow and pull out as much cash as possible and use that for the down payment on the next house, then sell the Arbor Lodge bungalow. And because Mel bought the house so long ago for so little, their current mortgage payment was less than rent on most studio apartments in Portland. It took a few months, but by the end of January, the HELOC was funded and they had a pre-approval letter on hand.

After living in North Portland so long, Mel and Ryan longed for a big house with an even bigger yard for their young family to grow and spread and run and live.  They knew that to get what they wanted on their budget, they most likely would need to move to the suburbs. A day or so after all the financing pieces came together, Mel and I met up at a house in Happy Valley to begin the search. From the photos, she wanted to love the house, but after visiting the house, it was clear that this was definitely not the one. After I locked up the front door we stood around on the street in front of the weird house and talked for a quite a while. We talked about their ideal house- which would be a mid-century, room for a hot tub, big enough for bedrooms for everyone plus a separate kid play area from an adult living room and home offices/art studios for both Ryan and Mel. And to really hit the mark, if it had a swimming pool- that would be divine. We decided that we would conjure this house and it would appear. Because that’s the way the universe works when you are Mel.

I got home and lo and behold mere hours after that conversation a house popped up on the market that fit the bill EXACTLY and it had a pool. The conjuring worked full stop. I made an appointment to see it that same evening, and this time Ryan was able to join us. The mid-1970’s split level house had street presence perched up on a hill with a large and tasteful fountain beckoning at the bottom of the stairs up to the house. We went inside and these two were LIT UP with excitement. It was literally perfect for them and had a gorgeous view of the west hills and the all important pool. The sellers weren’t looking at offers for another 5 days, so that gave Mel and Ryan time to think about how badly they wanted the house and how much they would be willing to fight for it. To rule out any other areas, Mel and I went to a couple of houses in Beaverton, but after seeing the Happy Valley pool house, any other house was a disappointment. On  Saturday, 5 days after the pool house came on the market, they went back to the house for the open house and took the kids. After that visit, there was no question in anyone’s mind that this was THEIR house. There was some intense last minute negotiations including bumping up their offer twice to beat out other buyers, their well presented and solid as a rock offer was accepted by the sellers- and it wasn’t the highest of 6 offers on the table.  The house inspected like a dream, closed on time and Mel and Ryan are planning out their future in the dream house with the pool.

Brooklyn Blue Bungalow

My buyer Theo wins the award for the single most expensive repair I have negotiated for a buyer. Theo was a first time buyer who was referred to me by a past client of mine who they work with. We met up on a chilly fall evening to talk about what they were looking for in a house and get the process started. Within a couple of days, Theo had their pre-approval letter in hand and we were ready to go. I sent them all of the available homes within the geographic boundaries, price range and features they were looking for. The list wasn’t very long and out of all of them, only 2 houses piqued their interest. We went to see one in NE, and that was a no-go.  The second house we saw was bright blue 1920’s bungalow in the Brooklyn neighborhood. It had been on the market for about a month and had one sale fail. The home was lovely with a gigantic newly remodeled kitchen and a large upstairs bedroom with room to add a bathroom. The basement was decent enough with lots of windows and good ceiling height- a great candidate for future finishing. Theo slept on it and the next morning let me know they wanted to write on it. We put together a great offer and boom- got it accepted.

Most of the systems had been upgraded so I wasn’t too worried about the inspection. However, during the inspection our inspector did a few pokes at the foundation walls and the foundation just crumbled into sand. In the 1920’s during the huge housing building boom there were two concrete companies operating in Portland and those two companies provided all of the concrete for  house foundations built during that time. One company had a better concrete formula and many of those foundations are still in reasonable shape. But the second company didn’t quite know how to mix concrete very well, and those foundations are showing their age as they reach the end of their useful life as seen in the crumbling foundation walls. This basement had been skim coated on the interior at some point, but in areas like behind a built in workshop and under the stairs, the tell tale signs of a rapidly deteriorating foundation were all there. For most buyers, that would have been the end of that and they would have terminated. But Theo really loved the house and location, so they took the next step and hired a structural engineer to come out to take a look so they could make a decision to either move forward with the transaction or terminate. I had a great conversation with the listing agent about the issue, and thankfully the sellers understood this wasn’t a repair they could put off if they wanted to sell the home.  Thankfully the engineer was able to come out and made the determination that the foundation really was on its last legs. She told us there were 2 ways to approach a new foundation- one way was to lift the house and pour a brand new concrete foundation. This route is prohibitively expensive- costing in the $80k-$100k range. The other option is to have an engineered wood wall built. With this method, an engineer designs a wood wall that is built in the basement up against the old concrete foundation and embedded in a new interior concrete footing and attached to the framing of the house. As long as the engineered wood walls are kept dry, which involves rubber matting between the old concrete foundation and the new wood one and making sure the drainage system around the home is effectively channeling water away from the house, the new wood foundation can last indefinitely. And because it’s wood, it has give so also provides better seismic protection than old concrete foundations. The old concrete foundation stays in place, but it no longer functions as a support for the house. And the new foundation gives the basement an almost finished look.

We wound up doing 5 inspection extensions to get the engineer to have the drawings ready before closing, and to get a firm bid from a contractor to do the work after closing. Closing was delayed by 10 days- but we did it! Due to the whole supply chain, dearth of availability of contractors, etc., the work can’t be done for a while, but that’s ok because the contractor has already been paid and stated that they will complete the repair within the next year for the stated bid amount. The cost for something like this obviously depends on the total linear feet and some other factors, but in general, this type of repair will cost in the $35,000-$60,000 including drainage, which is a whole lot of money, but about half of what it would cost to replace the foundation with concrete.

How to Get An Offer Accepted Before An Open House

Sarah and Tariq contacted me in early August after being referred to me by one of my favorite lenders. They used to live in Portland, and had moved to Los Angeles for work, and were now being transferred back to Portland. They were moving to Portland in mid-November, so they came to Portland in mid-October to find a home. Before they arrived, we had a flurry of emails back and forth narrowing down homes they wanted to see.  They seemed to really hone in on mid-centuries and when we came up with our list of homes to see over the next few days, the majority were mid-centuries.  They arrived on a Thursday evening, and we hit the ground running on Friday morning. We saw around 12 houses together over the next couple of days, and they saw even more homes on their own visiting open houses.

They did write on one home, but when that home received another offer that was higher and waived their inspection, Sarah and Tariq decided they didn’t love it enough to go that far. With 2 days left on their clock, they started leaning towards writing an offer on a house they didn’t love, but felt it met their needs and after buying it, they could fix it up to their liking. They wanted to be under contract before they flew back to LA and I think they were ok with settling for a less than perfect house for the sake of being able to leave Portland having a house under contract.

While they mulled that house over, a house came on the market in North Tabor that seemed like it could be the one. We immediately went and saw it and both Sarah and Tariq just beamed and they knew within 20 steps into the house that this was the one. It had a classic living room with fireplace, formal dining room and vintage kitchen that looked almost brand new. Two bedrooms on the main floor and one up plus a semi-finished basement. The house had a tuck under garage as well as an oversized double car garage behind the house. One of the things that was on their must have list was a garage for their motorcycles, and this house had the perfect set-up for their bikes. They loved it and decided on the spot they would take the home as-is and waive the inspection contingency. The home was an estate and prior to going on the market the seller pro-actively replaced the sewer line, did a radon test and had soil samples taken and the tank decommissioned. The home was a well built 1951 classic with a foundation built like a tank, but I could tell that the roof had at least 3 layers including the original wood shingle roof, it needed plumbing updates, both the furnace and water heater were ancient and the chimney had seen better days. I put together a list for Sarah and Tariq with repair estimates for all the issues based off very recent bids for similar work. After going through those numbers, it all felt pretty manageable budget wise.  They decided they would go the distance to get this house, and the sooner they could get it under contract the better. 99% of the time I would never advise a first time home buyer to waive the home inspection contingency, but in this case it made sense considering the potential big unknowns, sewer and oil tank, were already taken care of and Sarah and Tariq were dying to get the house.

The house was scheduled to have an open house on Sunday, and Sarah and Tariq wanted to get this house under contract before then. We wrote up a great offer that was over asking, waived the right of revocation, ordered the appraisal on day one, did a 26 day close, released the earnest money upon acceptance by the seller and waived the home inspection contingency.  I would never advice a buyer to release their earnest money right away, but they were so sure that this was their house that when they asked what else they could throw in to hopefully get the seller to accept their offer right away, that was the really the only thing left. When we submitted the offer on a Friday night, it was as watertight as could be.

The next day, on Saturday, the listing agent called me and said the seller was so pleased with Sarah and Tariq’s offer, that she decided to accept it  right away and they canceled the open house scheduled for Sunday. Sarah and Tariq flew back to LA on Sunday knowing that when they drove back to Portland in November, they had a house waiting for them. Even though they waived the home inspection contingency, they still had the home inspected so they would be able to prioritize repairs and know what they were getting into. Thankfully the home inspected like a dream, and pretty much everything I said would come up in an inspection as an issue, came up, and overall the house was in terrific shape. The house closed on a Thursday, and on Saturday morning Sarah and Tariq arrived in Portland with their pup a rented mini-van full of plants and the glow that comes with having the satisfaction of getting keys to their dream home.

 

Mid-Century Delight for Delightful Buyers In Kenton!

My buyers Annie and Ben were referred to me by one of the great lenders at Portland Housing Center. They were first time home buyers and during our meeting when we met to discuss their plan and get a feel to see if we would be a good fit to work together, we talked about the ideal house for them. They had a really clear idea of exactly what they were looking for and where they wanted to buy. Ben works in Vancouver and Annie works on the inner east side so their ideal house would be in North Portland in Kenton or near I-5. They also wanted something with vintage charm- preferably mid-century, and in good shape that would be easy to maintain. They also wanted a yard and their budget was $400k tops. They were still interviewing agents when a couple of days after we met, I got an email from my wonderful colleague Martin Cross here at Living Room with info on an open house a great listing of his in Kenton was having the next day.  On paper that house seemed to meet all the criteria that Annie and Ben had, so I forwarded the email along to them. They responded that indeed, the house looked like it was great and they could tell I had a really good sense of what they were looking for, and that sealed the deal for us working together.

Annie and Ben stopped by the open house and let me know right afterwards the house was beautiful and perfect for them. I went back to see it with them the next day, and the following day we wrote up a great offer. The sellers accepted and 6 days after we first met they were under contract. We had the inspection and it was going really well, with the exception of the roof which we all suspected was toast. And then we got the bad news. At some point the tub overflow drain line had been disconnected so water had been getting behind the tub for a long, long time. Everything under there including subfloor and floor joists were toast. The rot had worked its way into the wall behind the tub plumbing and had spread out from just under the tub to most of the bathroom. The only real fix was to remove the tub, vanity and toilet, gut the bathroom, and then rebuild the bathroom from the subfloor up. Ouch.

A lot of buyers would have walked at this point, but after a few days of hard thinking, Annie and Ben decided that they still loved the house and felt that if there was a way to have this all fixed before they take possession, they would stick with it. They knew they wanted it fixed, and the last thing they wanted was to get keys to their new house and then have to find somewhere else to live while the only bathroom got rebuilt. The next move was finding a contractor who could do the job within the next month. Between Martin the listing agent and myself, we hunkered down and found a few contractors who could go out there to take a look. The first  company to get back to us bid the job at nearly 3 times what the sellers wound up paying for the same scope of work and said it would take  4-6 months before the job could be completed. In the end, a contractor who the seller had personally used for other jobs said they could get the entire job done within a couple of weeks including mold remediation, and indeed they did. My buyers even got to pick out new flooring and a new toilet.

Despite such a huge repair, we wound up closing only one week late. The sellers are doing a 3 week occupancy after close, so on the last day of the weekend before Thanksgiving, I will have the honor and pleasure of meeting my buyers at the house to hand over keys.

 

JUST LISTED: Rose City Park Ranch Masterpiece

Rose City Park Ranch Masterpiece

1253 NE 55th Ave | Portland, OR 97213

Offered at $545,000 | ML # 21612307

3 Bedrooms | 2 Baths | 1,118 SF

Fabulously stylish ranch located directly across the street from Normandale Park’s playground. Surrounded by lush yet drought tolerant plantings including fruit trees and berries, this house is dialed and ready to go. With a nod to mid-century style, the kitchen and both bathrooms were updated to the nines with mod tile, cabinets and lighting. The kitchen will lower your jaw to the floor with gorgeous quartz counters, lots of cabinets, and dark bamboo flooring expertly laid out in a herringbone pattern. The primary bedroom has a private bathroom and a slider that opens onto a private deck. From the living room, enjoy people and dog watching in the park. The garage is oversized and a great space for hobbies, storage or parking a car. Schools are Laurelhurst K-8 and Grant High.

Click Here For Full Listing

 

Pearl District Condo for a First Time Homebuyer

If there is one part of the Portland market that’s not hot right now, it’s condos downtown and in the Pearl District. The Covid buying frenzy really focused on detached single family homes with yards. Communal living where you have to walk into an enclosed building and then take an elevator to your front door was the exact opposite of what the majority of buyers have wanted over the last year and a half. So for those folks who DO want to own a condo in the Pearl, the neighborhood is a pool full of fat oysters where buyers can take a while to look around be picky about what type of unit they want.

My buyer Gene moved up to Portland from southern California and had been renting an apartment in the Pearl. He loved  the neighborhood and how convenient it was to walk to anything and everything, and decided he wanted to purchase a Pearl condo for his first home. Gene loves to get out of town so having a dedicated parking spot was important, as was having as much of an unobstructed view out the window as possible. He was really attracted to the Edge Lofts at NW 14th and Kearney, and the higher the floor the better. We were able to score a fabulous 1 bedroom condo with views for days on the 10th floor. The previous owner spent a fortune upgrading the original blah kitchen into a masterpiece full of counter space and cupboards, all while leaving plenty of space in the living room/dining room/kitchen area. Interest rates are so dirt cheap right now that if you can afford the monthly payment, financially you are better off long term borrowing as much as 95% to get a conventional loan and investing whatever else you planned to use towards a down payment in so many other investments that on average pay greater than 3% annual return. For every $5,000 a buyer borrows, it’s about $21 a month, or equivalent to giving up one coffee a week at a coffee spot. The condo had been sitting on the market for 6 months and had a couple of price reductions. Holding onto as much cash as possible after closing made the most sense to Gene, so instead of asking for another price reduction, we asked for seller paid closing costs, which the sellers were happy to do. Inspection went great, appraisal came in at value and less then a month after we put in the offer, Gene got keys to his very own slice of Pearl paradise.

The Bluest Blue House in Portsmouth

Congratulations to my clients Rachael and Zak who just closed on  closed on this blue mod skinny in Portsmouth! From the outside it appears to have a similar interior layout as the other 1,000 skinnies, but what sets this one apart is the nearly 20 foot tall ceilings in the living room. The design on this house has the 3 bedrooms upstairs, but the living room is opened up so that the upstairs hallway overlooks the living room. Because of this design, the light in this house is incredible. Rachael and Zak knew they wanted a house that didn’t need any work and had at least a small private yard, and this house is all that and more.

These two were so easy and fun to work with, and our house hunting search consisted of seeing 2 houses, one of which was a definite nope, and the other this blue house. With the slowing market, they only had to compete with one other offer on the blue house. With a nearly perfect inspection, this house is everything they had hoped for.  We even closed a day early.  My only regret is that I didn’t get to spend too much time with Rachael and Zak because everything went so quickly and smoothly.

 

Second Offer is the Charm in Kenton

My buyer Clayton was referred to me by some of my favorite past clients ever, so I knew he was going to be great to work with. His ideal home would be in North Portland where he has lived for a long time as a renter, and would have the space and bedroom count to be able to comfortably rent out a room or two to roommates. He lost out on 2 houses, but they were not the best houses for him anyway. And when a great 4 bedroom house (2 beds on the main floor and 2 beds upstairs) came on the market he went to the open house and met the listing agent who was super impressed by how kind Clayton is and how through of a job he did looking at the house (he even went into the crawl space!). He loved the house and we wrote up an offer, and thanks to his letter and the listing agent explaining to her seller how awesome Clayton is, the seller wanted to sell to Clayton, but with another offer on the table that was over $100,000 over list price, the seller went with the crazy high offer.

Within a few days though, that buyer came back through with her mom and came to the realization that she was paying way too much for the house. That buyer tried to renegotiate with the seller to a lower price, but the seller wasn’t pleased at all so the listing agent came back to me to ask if Clayton was willing to add $30k to his initial offer amount, and Clayton was not willing to do that. So back on the market they went, and Clayton went back to another open house there and still loved it. We wrote up another offer which was higher than his first offer, but not as high as the seller had wanted to keep the house from going on the market.  We waited for the weekend to be over to see if any more offers came in, and of course on the last day another offer did come in. Thankfully the listing agent was still rooting for Clayton, so they came back to us and asked Clayton if he would revise his offer amount higher by $15k to match the other offer. That seemed entirely reasonable so we upped his offer and the seller accepted.

The inspection went really well, and with the exception of a really bad appraisal that came in slightly low, the transaction was otherwise smooth as could be! When I met Clayton at the house to hand over the keys, he seemed slightly bewildered and in awe that he pulled off buying such a great house, but most importantly, he was super excited.

Finding Perfection in Parkrose

Sarah and Craig were referred to me by a dear longtime client. They just had a baby and were ready to buy a house to settle into and raise their kid in. When we first spoke this past spring, they had not yet spoken with a lender and didn’t really have an idea of how much they could qualify for. I gave them some names of great lenders I work with including the Portland Housing Center. After meeting with Portland Housing Center’s loan officer, they found out they qualified for a $15k grant if they bought something in the City of Portland, so that sealed the deal for them on which lender to use.

Once they had their pre-approval in place, they headed into the stinky soup that was the Spring 2021 Portland Housing Market on a quest to find a home that was big enough for their growing family, had character, was near a freeway for Sarah’s job commute to Hillsboro and had a yard big enough that met Craig’s criteria for having as much outdoor space as possible. They picked the most difficult time ever to buy a home, which meant getting caught up in the offer after offer and rejection after rejection loop. I kept reminding them that their house would come along and it would be the best of the bunch, and as frustrating as it all was, they kept their eyes on the prize.

After a couple of months of being in the Twilight Zone of offer, rejection, offer, rejection, a super sweet mid-century in Parkrose came on the market. On paper it hit every mark they were looking for- including not needing any major repairs or work done. Before we went to see it, Sarah had a feeling that it was going to be their house. It was priced really low for what it was- a 3 bedroom, 2 bath home with a formal living room and a giant family room with a garage that had been converted into bonus space, hardwood floors, a mid-century vibe, and a backyard that was as lovely as could be. After checking it out, we all felt the vibe that this really was their house. Because it was priced so low, they came in super strong on price, and offered to buy it as-is, barring any major repairs the house may have needed and had a small appraisal gap included in case it didn’t appraise. With eight offers on the table, the sellers decided to accept Sarah and Craig’s offer.

The home had been well maintained and the inspection didn’t turn up anything major and the appraisal came in at value! Everything went smoothly and we were able to close a week early. And I’m pleased as punch that yet again, despite the long and bumpy road to get there, in the end Sarah and Craig came out of their house buying adventure at the top!

A Ladd’s Addition Neighborhood Affair

I have the best neighbors ever in Ladd’s Addition. We moved into our home 17 years ago, and had our first kid 11 years ago. Within 5 years of us moving in, most of our block turned over from old and aging folks to younger families with small kids. At one point, there were seven families with kids all within a five year range from youngest to oldest on our block. Our kids have grown up together, played together, laughed together, had block parties together, cried together and all the in-betweens. When they were younger, in the ages 4-8ish range, they would spend summer days moving back and forth between houses as a roving gang. Us parents never worried because we knew the kids were at someone’s house on the block. Only 2 families have moved over the last 10 years, and one didn’t move far. Throughout this whole time, the adults on our block have spent countless hours over the years doing impromptu happy hours, block parties and backyard hang outs.

Daniela is one of my longtime neighbors and her parents are getting older and have lived in North Portland for almost 15 years. Daniela’s family is very close, and for several years Daniela and her husband Alex have talked about buying a house near them for her parents to move into. This past spring, Daniela and her parents decided the time was right to make the move. I was thrilled and honored when they asked me to represent them on both listing the North Portland house and representing them for the house purchase. The plan was to sell her parents home and buy a new home for them within 5 minutes walking distance our houses.  Daniela was so sure this was going to happen- even the within 5 minutes walking distance part, that I never questioned if we could pull this off.

In late April, Daniela’s parents North Portland house was just about ready to list, and one month later in late May, we put that house on the market. Right before we listed that house, Daniela’s parents flew to Florida to stay with their other daughter for a few months while we worked on selling their longtime North Portland house and finding them a new house within 5 minutes walking distance from Daniela. Meanwhile, just days before her parents house went live, one of our other neighbors shared that a neighbor across the back alley from us was going to be putting their house on the market within the next couple of weeks. It sounded too good to be true, so the next evening Daniela, Alex and I marched over to the across the alley neighbors house and knocked on the front door. These other neighbors opened the door and first words out of my mouth were, “Daniela wants to buy your house.” It took a few minutes for the seller to get what we were saying, but once we explained it, he loved the idea. He said they had already signed a listing contract with an agent and the house was scheduled to go on the market in a couple of weeks, but I could contact his agent for more information. A couple of days after that visit I spoke with the sellers listing agent and the gist of it was the house was going on the market in a couple of weeks, and once it was on the market, we could submit an offer.

Back in North Portland, her parents house received a couple of fantastic over asking offers with great terms, and that house went pending with a great buyer. As it happened, the neighbors listed their house while I was on vacation in Mexico City, so one of my colleagues brought Daniela and her husband to see the house and it really was perfect for her parents. Because it was a cute true 3-bedroom house in Ladd’s Addition, it received multiple offers. We came in strong on price and terms, and because the sellers loved the idea of keeping the house in the Ladd’s Family, they accepted Daniela’s offer. The home inspection turned up some unfortunate issues and thankfully the sellers were understanding and agreed to a price reduction and a significant closing cost credit so Daniela and Alex could get work done on the house after closing. A couple of weeks ago Daniela’s parents house closed right on time, and then a couple of days ago, Daniela closed on the house behind her. The sellers are staying in the house through July, and in early August Daniela and Alex will have work done on the house so by mid-May when Daniela’s parents return to Portland, they can glide right into their new home.

Since Daniela won’t get the keys to the new  house for a few weeks, to celebrate, I did what we always do, I threw a little back yard party for Daniela which she hosted in her own yard and most of our neighbors joined in for a toast. Thinking back on it, the plan was so precise, that had I questioned whether or not it would work, I would have lost so much sleep worrying over whether a house would come on the market that met the criteria to make the plan happen. Thankfully I never questioned any of it and just as Daniela predicted, it all worked out just dandy.

That Time My Buyers Found Their Dream Home In the Perfect Location

I couldn’t be more excited for my very dear longtime clients Emily and Ben. They outgrew their vintage cream puff bungalow in Foster Powell that I helped them purchase 7 years ago, and despite the horrors of the current market, they were able to sell their very much loved home and get under contract and close on an even better and bigger house that hit nearly every single one of their check-list items before they have to be out of their bungalow.

When we started looking, they knew they wanted to stay in SE, preferably south of Powell and their ideal home would be a south facing mid-century home with all the space they needed with a minimum of 3 bedrooms, a separate space for Emily who works from home, a space for Ben’s music studio and a dedicated area for arts, crafts and sewing. And plenty of room for growing Emily’s beloved flowers. They love mid-centuries and the more original, the better. We looked at a bunch of houses that were of course not quite right, and then we went to go see a super cool mid-century right off Mt. Tabor. We spent quite a bit of time in the house, and they were absolutely in love with it. The house had all the spaces they wanted and a fantastic layout, the yard was perfect, it had a detached studio space and rumpus room in the basement. While it was not south of Powell, at the time we left the house, they felt like they could work with the location because they loved the house so much. There were a couple of things they weren’t crazy about though- mainly that hardwood floors had been replaced with engineered wood floors, and a lot of the mid-century charm had been made a little too slick for their taste- but it was done so well that they were ok with how fancy it felt. The house was at the top of their price range, but they always felt that for the right house, they would be willing to stretch.

A day later, after sleeping on it, with tears in their eyes and hearts, they decided to go with their gut feelings and not put an offer on the house because of the 2 things that weren’t perfect- the location felt too far north for them and they would prefer a less updated and more original mid-century. It took a few days to get over that house, but they did. And then about a week later, a house came on the market south of Woodstock in Eastmoreland Heights and from the photos, it looked really similar to the mid-century house they decided not to write on. We went and saw it and realized that  not only did it look like that other house, it was literally the SAME house! Same exact size, same layout on the main floor, a similar but better layout in the basement, same location of closets, and very similar yard. The Mt. Tabor house had the garage in the basement, and this house had a detached double garage which meant more living space in the basement, and with the large garage, a perfect space to turn into a music studio. And even better- this house was still much more original in terms of mid-century charm. One of the things they loved about the Mt. Tabor house was that the sellers on that house took down the wall between the dining room and kitchen for an open layout, and while this new house still had the wall intact, Emily and Ben felt like this was a house where they could take one of the things they loved about that Mt. Tabor house and do the same thing in this house- only they would get to do the kitchen exactly how they wanted.

Before we left the house after seeing it, we knew without a doubt that this was their home- no ifs, ands or buts. We went home, wrote up a fantastic offer and then waited for the weekend to run through it’s course. In the end, there were 6 offers, but we had written up such a good offer in terms of price and terms, and we were the first offer in and I shared the listing on Mt. Tabor with the listing agent to show him how much my buyers wanted this house, that the sellers accepted Emily and Ben’s offer. And to top it all off, the house had a brand new roof, new sewer line, brand spankin’ new central air conditioner, new water line, and a decommissioned oil tank with paperwork so the house is totally move-in ready. Meanwhile, the Mt. Tabor house closed and it turned out that they are spending $170,000 LESS then what Mt. Tabor version of the house sold for. This was the ultimate in finding the right house, in the right spot, at the right price.

Now the Whole Family Lives in Portland!

One of my favorite parts of my job is helping families come together to live in the same town. About 7 years ago I helped one of my very favorite clients R & P buy their home in the Woodstock neighborhood. Then last summer R’s sister and brother-in-law moved to Portland from the Bay Area and I helped R’s sister D and her husband G buy their first Portland home in Irvington. The plan all along is for the whole family to live in Portland, so a couple of months ago R and D’s parents sold their long-time home in Ohio to join their daughters here in Portland, and I was lucky enough to get to work with them and help them buy a home in Bethany. Now the whole family is here!

Finding the Perfect House in Richmond

Congratulations to my buyer Brooke on beating out 10 other offers to snag this perfect home in the Richmond neighborhood. Brooke found me because her sister’s kids attend the same school as my kids in SE Portland, and they were looking for an agent familiar with the area. Brooke is from Seattle and recently went through a divorce and sold her longtime home in Seattle with the intention of moving to Portland to be closer to her sister. Brooke has a daughter that has some disabilities and is mobility challenged, so the home she knew she wanted to purchase would ideally be near her sister, and have the right set-up for her daughter to be able to get around on the ground floor, and have a flat backyard. We spent a good 2+ months on the hunt, which meant nearly every weekend for 2 months Brooke drove down to Portland from Seattle to check out houses. She wrote offers on 3 homes and while it was brutal to go through rejection after rejection, in the end it was all good because like most buyers, the best house was the last house we saw and she wrote on.

The Richmond house is only 7 blocks from her sister, has the perfect layout on the main floor for her daughter to get around in, has a gorgeous bedroom suite upstairs that feels like a sanctuary with light and views of trees for days and bookshelves to fill. The whole house also has the kind of charm that Brooke was looking for. When we toured it, Brooke just kept saying, “this is my house!” And at one point she found the laundry shoot in the downstairs bathroom and squealed with joy. Like a lot of great homes, the home was clearly listed far too low, and while it was hard to stomach writing an offer for 30% over list price, Brooke was ok with it because this was clearly her house. Because the house was listed so far under value, it received 11 offers- with most of those offers well over 20% over list. But this was Brooke’s house and thankfully the seller understood and accepted Brooke’s offer. We did a quick close, no repairs and while the process of finding the right house and getting under contract felt like it took forever, once her offer was accepted on the Richmond house, it was a lightning fast process to close.

A Five Year Journey to Becoming a Homeowner

My super special buyer Ta’ Neshia contacted me in early April to see if I could help her complete her long journey of buying her first home. This single mom had spent the past five years working with the Portland Housing Center to build up her credit, save for a downpayment, and get educated about the home buying process. She finally reached mortgage ready status, and as a veteran, qualified for a VA loan. Once she started the process with getting pre-approved, she found out she qualified for a $90,000 N/NE Housing Strategy  Preference Policygrant as well as a $15,000 down payment grant through the local land trust non-profit Proud Ground because she is a veteran. So between her N/NE preference policy grant, her Proud Ground grant, her matched savings from Portland Housing Center, and her VA loan, she was able to string all of it together to be able to have the funds to finally buy a home.

Even with the Preference Policy Grant, her budget was on the very low end for Portland- under $400,000, and making matters more difficult, she had to buy a home within the Interstate Urban Renewal Area- which over the last 10 years homes have easily doubled or tripled in some cases in value. Ta’ Neshia said from the first time I met her that she was going to trust in the universe and felt strongly that despite her challenges on paper, it was going to all work out. Her kids are in middle school and really needed their own rooms, so finding a 3 bedroom home was a must. We looked at one townhouse that she could afford and she was willing to go for it, until she started thinking about actually living in the less then ideal space. A week later, a townhouse in the Bridgeton neighborhood right off Marine Drive and the Columbia River came on the market. We went to see it and I could tell she was in love. It had a great layout- 3 bedrooms plus a bonus space upstairs and a great kitchen, dining room, living room and garage that could easily be turned into living space on the ground level. The seller had purchased the unit from a contractor who had re-done the builder basic kitchen into a beautifully functional kitchen, and the seller added her own chic touches everywhere.

It was the second home we saw together and we both felt that this was meant to be her house after we spent time there. We wrote up an offer that same evening and crossed our fingers. Thankfully, my wonderful Living Room Realty colleague Virginia Barden was the listing agent, and I was able to convey to her that while Ta’ Neshia’s offer on paper probably didn’t look as “good” as an offer from another buyer between her down payment assistance grants, VA loan and the need for a 45 day minimum closing, that we could at least offer over asking, no repairs and a small cushion for an appraisal gap. The seller received three compelling offers and Virginia was able to give her seller the full picture on Ta’ Neshia and how hard she had worked to get to this point and how committed she was to this purchase. Thankfully the seller was moved by Ta’ Neshia’s story and  decided to put her money where her mouth was and accepted Ta’ Neshia’s offer.

It was such a pleasure and honor to be able to help Ta’ Neshia round out all her hard work and hand over keys. When it was all finished, Ta’ Neshia said one of the best things any buyer has ever said to me-  Thank you for being the best advocate I didn’t even know I needed.

 

Vintage Cream Puff Bungalow in Foster Powell – SOLD!!!

Congratulations to my sellers on scoring a great buyer for their swoon-worthy vintage bungalow in Foster Powell!

The home is so sweet and yummy you’ll get a sugar high after experiencing this home. The petite but mighty house has been lovingly cared for over the decades and charming details and character infuse every inch of this homey house. The layout is efficient and thoughtful with a formal living room & dining room and the cutest vintage kitchen you ever did see. For pink bathroom aficionados, it doesn’t get better then this perfectly preserved Mamie Pink specimen.

 

The Start of a Beautiful Compound With Friends in Foster Powell

My buyer Alison got in touch with me over 3 years ago after she was referred to me by her close friends, who are old clients of mine. Alison thought she wanted to purchase a condo at a complex in the Brooklyn neighborhood because she had a friend who lived there, and the idea of easy maintenance seemed appealing to her at the time. For what turned out to be a blessing in disguise, none of those units came on the market while she was looking. She then decided to go to grad school and put her house hunt on hold while she went through school and figured out the next phase of her life.

We kept in touch as she made her way through grad school, and then last month, she called me because the house directly behind her best friends house- the same friends who referred her to me, who she had been podding with throughout Covid, had just come on the market. They were able to see it and Alison called me from the house to let me know about it, and that she was interested in purchasing it. She just finished grad school and was about to start a new job at the same organization she had been working at for years, and was finally in a more stable situation where buying a house made sense. I made an appointment and met her the next day at the house- and it was cute as could be. A granny ranch with the vintage pink bathroom and the vintage kitchen complete with pink stove still intact. The house had an almost identical layout to her friends house behind this one, so walking into it felt very familiar. The house was an estate and a little rough around the edges, but we could tell it wouldn’t take much to get it cleaned up and ready to go by getting the wood floors refinished, painting the rooms, removing or painting over some unfortunate 1970’s fake wood paneling and deep cleaning  the kitchen, basement and bathroom.

Alison had been on the path to becoming a home owner for over 3 years and now that she was finally ready, and the perfect house presented itself to her, the reality of actually writing an offer on a house was an internal hump she needed to process. The seller had a couple of offers and the deadline was approaching. Alison decided to jump in and we wrote up a great offer 10% over list. Thankfully the sellers accepted her offer and off to inspections we went. Her friends behind this house had already planned where the gate between their backyards was going to go and thankfully her friends are super handy and could help out with minor repairs. The inspection went much better then I thought it would, with the exception of a complicated sewer situation involving a blockage near where the sewer line for the house met the City lateral and it involved a ton of pooling in the line. I was able to negotiate a credit for that repair- though it took almost the entire transaction to sort it all out. And less then five weeks after she called me, I had the distinct pleasure of handing her keys!

 

JUST LISTED Contemporary Bungalow In Portsmouth

JUST LISTED

OFFERED AT $400,000
4721 N HOUGHTON ST, PORTLAND OR 97203
2 BED | 2 BATH | 1313 SF | MLS# 21269338 | YEAR BUILT : 2006 | TAXES: $4,211

Neat as a pin contemporary bungalow in Portsmouth. The original owners have lovingly & meticulously maintained this turn-key single level home.  The layout flows like honey and features 9′ ceilings, a formal entry, hardwood floors and graciously sized rooms. Bonus points for accessible features including wide hallways and doorways, and an accessible bathroom in the primary suite. The oversized garage provides great space for hobbies and ample storage. Enjoy the private courtyard off the living room and primary suite or hang out on the private deck in back. The HOA covers front yard landscaping and nearby community parks.

Tricky Plan to Buy a Mid-Century in South Tabor Worked!

My clients Jake and Greg purchased a blah mid-century rancher in St. Johns in 2017. Over the last four years they worked tirelessly to turn the bland into beautiful. While they loved their home, they really wanted a larger mid-century with a basement and in their dream world, they would be able to move in inner-SE Portland. The first time I visited their St. Johns home I was totally wowed by their home and what they had done to it. Like a lot of would be sellers who want to buy a move-up home in Portland, their biggest obstacle was the uncertainty that goes along with putting a house on the market without knowing where you are going to move. They ran all the numbers with their lender, and to get the kind of house they wanted, they realized that they would have to sell their home first before they could buy. In years past, this would have been the type of situation where getting a contingent offer accepted would have been the path. But it’s 2021 and contingent offers are just not a thing with the incredible demand. We looked at a couple of houses that came on the market, but those homes were receiving multiple offers and with the need to write a continent offer, they knew they had no chance.

In mid-February a mid-century home in South Tabor came on the market. The location was ideal, and on paper, it seemed like it might work size wise and it was built in 1951, so as long as it had some original mid-century features, it could be a winner . But there were no interior photos- only 2 exterior photos. It was also tenant occupied and subject to interior inspection, which meant we couldn’t see the house until we had an accepted offer. After seeing the house on RMLS, I had a crazy idea that maybe they could write a contingent offer on the house, then see it, and if they liked it, move forward, and if they didn’t, no big deal, they would just terminate. I shared this idea with my clients and lo and behold it actually got them excited. They drove by the house that night, and did some sleuthing online and found interior photos from when the sellers had listed it as a rental. They let me know that night that they wanted to write on offer on it.

It took us a few days to pull together the offer because we had to work through their financing, figure out what to do about the tenants, and pull some other pieces together including figuring out how much they could sell their house for and when they could get it ready to hit the market. After spending a couple of days getting the offer all prepared, I sent it over to the listing agent. Unfortunately, all the work felt for naught because the sellers wound up accepting an offer from a buyer who said they would take on the tenants, whereas our offer specified that the sellers needed to give the tenants a 90-day notice upon my buyer’s acceptance after the walk-through. The sellers put us in back-up, and on the same day they allowed the first position buyers to walk through, they let us have 20 minutes to walk through the house as well so my buyers could decide if they wanted to stay in back-up. We went over to the house to do the walk-through, and both Jake and Greg LOVED the house- it was even better then they expected and from that moment, they were determined to make it all work. Fortunately the first position buyers backed out, which moved my clients out of back-up and into first position. Once they were under contract, we thought we were looking at a 90-day close, so my clients got to work furiously getting their house ready to go on the  market.

We put their house on the market about 10 days after they moved into first position, and they received 5 offers- all well over asking and all offered sufficient rent back.  The offer they accepted was $105k OVER what we listed their St. Johns house at. As soon as they accepted the offer on their house, we sent over a notice to the sellers on the South Tabor house removing the contingency. During the 2 simultaneous transactions we had a few big bumps- the house they were buying needed a new roof and other bigger repairs and the sellers refused to give them any credit, let alone do repairs, and the appraisal on their house in St. Johns received a pretty low appraisal- more then $40k below the sales price. Both of these blows hit hard because in order to feel like they could afford to do the repairs needed on the South Tabor house, they really needed the sales price on the St. Johns house to stick. Thankfully the buyers on their St. Johns home switched lenders, and within a week we had a new appraisal at value. Meanwhile, the tenants in the South Tabor home purchased a home, and gave their notice to vacate 30 days prior to the 90 day notice they had, so Jake and Greg were able to close on the South Tabor house only 5 days after they closed on their St. Johns house. And since they did receive rent-back, they get to spend the next month having floors refinished, the roof replaced and doing other repairs on the new house before they need to be out of their St. Johns house.

Throughout what turned into an almost 90 day start to finish process, Jake and Greg persevered with their eyes on the prize. When it all was said and done and I handed them their keys, they were still in shock that it all actually worked out. This is the nuttiest market to be a buyer in ever, but if you are willing to be creative, take some risks to take the plunge- opportunities are out there!

It Takes A Village to Buy A House

Back in 2015 I helped one of my very favorite people Tiana purchase a home in Cully on a large lot with her then wife. Back then, the market was competitive, but not so competitive that a buyer with only a small down payment couldn’t get a house on the first offer they wrote. Two and a half years ago life circumstances changed and Tiana and her ex-wife broke up and I helped them sell the house. At that time in late 2019, the market had pretty much flat-lined, and when we sold that house, it did take a few weeks to go pending. Ever since then, Tiana has talked about getting back in the market to buy another home.

And then in January of this year, Tiana and her now partner Mallory hit the “go” button and were ready to start shopping. Which is pretty much exactly the same time everyone else in Portland decided they needed to buy a house. Within only 5% down and not having the ability to make up a gap in case the appraised value came in lower then the purchase price, Tiana got caught in theloop of writing offer after offer after offer. Each offer she wrote was easily $25k-$60k over asking, and every single time, she was either outbid or someone else had better terms. And then on the 7th try, we found a home in Brentwood Darlington that was perfect in just about every way. It was super cute, mid-century ranch  with 3 bedrooms, a large kitchen, sunny windows and a huge yard. And like every other house she wrote on, this one also had multiple offers. But this time, Tiana’s lender, the one and only Jennifer Leon at Umpqua Bank who I work with all the time, happened to also be chummy with the listing agent. Jennifer called the listing agent and expounded on just how wonderful a person Tiana is, and how much both Jennifer and myself have invested in seeing Tiana become a homeowner. And it worked!!! The sellers decided to sell to Tiana even though there was a couple of offers that were higher and presumably had better terms.

The inspection turned up a few issues that need addressing, and because of the multiple offers the sellers were understandably not willing to give my buyer a credit or do any repairs, but all of the issues are fixable. And then the piece we had all been dreading came to pass. The house appraised for $27k under purchase price. Big ouch. Tiana did have some funds to make up a tiny portion of the difference, but not enough to even get close to the purchase price. We submitted a reconsideration of value and the appraiser did come up a bit, so between what the appraiser came up with and the small amount of additional down payment Tiana was able to bring in, the sellers agreed to sell to Tiana at a price still under the agreed upon purchase price.

When the listing agent let Tiana, myself and Jennifer know that the sellers were ok moving forward at the lower price, all three of us were in tears. Happy tears. And all was well in the world at that moment.

Delightfully Mod St. Johns Ranch- SOLD!!!

This cocktail ready 3 bedroom, 2 bathroom mid-century in St. Johns was listed at $470,000. After 4 days on the market my sellers received 5 above asking offers all with great terms, and the home just sold for $575,000.

Selling the Alberta House Off Market

Some friends of mine purchased their first home, a sturdy 1910 bungalow right off Alberta street nearly 20 years ago. Seven years ago and 2 kids later, they outgrew their Alberta house and I helped them purchase a larger home in NE where they still live. They loved their Alberta house, and even though they had moved out,  they weren’t ready to part ways, so they held onto it as a rental. They have had a great run of tenants and their current tenant has been there for over a year.  My sellers have talked about selling the house over the years, but were also quite happy to keep it as a rental. And then almost on a whim, my sellers purchased a dream property on the Washington side of the Gorge as a vacation property. They weren’t sure they really wanted to own 3 homes, and with the market as on fire as it is, now seemed like a great time to consider selling their rental.

The next door neighbors are close with the tenant who lives in the Alberta house, and when the neighbors found out my sellers were considering selling the house, they took the bull by the horns and went for it. The neighbors didn’t want to lose the tenant as a neighbor, so last month they sent my sellers an offer to purchase the home and keep the tenant. My sellers weren’t quite sure they were ready at that moment to sell, but with a tenant in place, the idea of selling it to the neighbors started to become more attractive. We discussed all the pros and cons of putting the house on the market vs selling it off market, and in the end, the pros outweighed the cons. Had their not been a tenant in the home, their decision may have been different, but they really respected their tenant and wanted to do right by him. The offer the neighbors sent over wasn’t quite high enough, so we countered back at a higher price and selling the house as-is with no repairs. The neighbors accepted and we went under contract. The transaction went really smoothly and we just closed. Selling a home off-market is not necessarily the in the best interest of a seller in such a strong sellers market, but with a tenant in place, in this case, selling it off market turned into a win-win-win for my sellers, the neighbors and the tenant.

Contemporary Narrow House In Mill Park

JUST LISTED

OFFERED AT $395,000
11533 SE Main St, PORTLAND OR 97216
3 BED | 2.5 BATH | 1380 SF | MLS# 21234656 | TAXES: $3,616

A fine example of the early 22nd Century ubiquitous contemporary narrow house. Located half-way between Mill Park and Ventura Park on a quiet street, this well built and efficient 3-bedroom 2.5 bathroom house has the open concept kitchen/dining/living room on the main floor. All three bedrooms including a primary suite plus laundry upstairs. Bonus features include a covered back patio and central a/c. A great home at a great price.

 

Seller Who Collects Rocks Finds Buyers Who Love Rocks

My buyers Alexandra and Ray are first time home buyers and just scored on a great ranch house in Fo-Wo section of Woodstock- between Foster and Woodstock. They were fantastic to work with because they knew what they wanted and they were prepared to jump head first into this nutball of our early 2021 market where there is 1 house for every 20 buyers. After walking into what would become their house, the first thing they said was- we could be friends with this seller. The seller had quite the display of rocks, gems and minerals and before we got very far into the house, my buyers were ooohhhing and ahhhhing over the sellers collection- admiring and even naming some of the rocks. Once we got past the rocks we explored the house,  a mid-century 900 sf with 3 bedrooms and 1 bathroom on an oversized lot graced by a front yard tree with a trunk the size of a truck. I could tel as we walked around that this was “the one” for them. They are also woodworkers and one of their strong wants was a home that had a great space to build stuff in, and this house has a newer oversized garage/ shop that is perfect for woodworking.

We had talked extensively about the state of the market, and how every house was getting multiple offers with buyers offering appraisal make-up gaps in case the house does not appraise for purchase price, buyers taking on homes as-is with few if any repairs made by sellers, and with home prices up between 15-20% over January of 2020. The house was priced at what would have been the top of the price-range only a few months ago for a house like this and in this location, which made it really difficult to decide what to offer without going to crazy. But Alexandra and Ray were prepared to go over asking, and with interest rates as low as they are, their monthly payment was still in a comfortable range for them. It takes some true hardiness as a buyer to be able to succeed in getting their offer accepted, and after I spelled out all the potential bells, whistles and deal sweeteners they could use in an offer, Alexandra and Ray put their trust in me and offered well over list, stated in the offer that they would limit repair requests to only bigger issues, offered the seller free rent-back after closing and wrote a letter to the seller mentioning how much they loved his rock collection.  They were also able to offer what has become the number one denominator in winning offers- the ability to make up an appraisal gap if the appraised value came in less then purchase price.  Prices are rising faster then appraisals can keep up with them, and to mitigate the real threat of a low appraisal, buyers who can state in writing that they can bring in a higher downpayment to cover that gap are who are having offers accepted. Alexandra and Ray’s offer was not the highest, but the seller and the listing agent loved their terms and letter enough to come back to me and give them the opportunity to come up just a hair to match the highest offer, which they did. Fortunately the house inspected like a dream- one of the best houses my inspector has seen to date this year. We did run into a slight appraisal issue when the house did not appraise at the purchase price, but Alexandra and Ray were prepared so that was an easy enough hoop for them to crawl through. The seller is holding onto the house for a few weeks after closing while he prepares to move, and I am looking forward to handing the keys to my buyers at the end of the month.

Thirty-Two Days From Start to Finish on a Brooklyn House

Dave used to live across the street from me until about 2 or 3 years ago (who can keep track of time these days?) when he and his partner divorced and he moved into an apartment a few blocks away. His oldest kid and my oldest kid have been besties since before they could walk or talk, and it was Dave and his 2 kids who we had our last out of our family bubble non-socially distanced get together with on March 14th, 2020 at my older son’s 10th birthday party. When we parted ways that day, we didn’t know when we would be able to get together again in such a carefree  way because the following day we all went under lockdown. And nearly a whole entire year later, we are still waiting for that day.

Dave’s plan was to eventually buy another house, and on January 15th of 2021, he texted me to let me know he was ready to start shopping. He had a very narrow list of needs that were absolute musts- including a location within a mile of his kids mom’s place, at least 3 bedrooms, 2 bathrooms, a yard and some sort of studio or garage to tinker around on bikes and he had a maximum price that he would be willing to pay and was expecting to pay. He had his pre-approval on hand and so I went through RMLS to send him a list of all of the properties that sort of kind of matched his needs. And there were only 2 properties. And neither was really a decent option. On January 19th, a sweet bungalow in Brooklyn came on the market. As the crow flies, it was less then 8 blocks from his apartment. From what we could tell from the listing,it could not have been more perfect location wise, size wise, bedroom/bathroom count, the detached huge garage and great back yard. We went to see it in person on January 20th and it was as perfect in person as it seemed like it would be from the listing. It took Dave all of 5 minutes to decide this was going to be his house.

The house was listed at what last year would have been a very reasonable price, but since the floodgates opened and the buyers came spilling out, the supply of houses on the market shriveled to next to nothing, we knew it was going to go way over. The house was listed about 15% under what Dave’s maximum was, so he did have room to go up. Dave approached his offer price from a very practical and logical lens. As long as his monthly payment was within his comfort zone, how much he paid for the house wasn’t all that relevant. With interest rates well under 3%, money is cheaper then it’s ever been (a huge reason for the flood of buyers on the market) so a monthly payment on a house priced at $550k today, is about what it would be on a house priced at $600k a year ago. Savvy buyers know that it’s much more about the monthly payment then it is the sales price. Once interest rates start rising well over 3%, then it’s possible we might see prices stabilize, but for now, home prices are out of control. For this Brooklyn house, even though it was well priced, with 12 offers on the table, Dave’s offer won out between a combination of writing 15% over asking, offering a 3 weeks to close, being able to make up an appraisal gap if the appraisal came in lower then the purchase price (which didn’t happen, it appraised fine!), and stating in his offer that he would not ask for repairs under $4,000. This meant that if a larger issue was found during the inspection, my buyer could expect to negotiate it, but for the smaller stuff, Dave was basically saying he would take the house as-is. Thankfully the house breezed through the inspection and nothing needs to be done to the house anytime soon.

Dave’s story is highly unusual in this market because not that many buyers have the ability to and willingness to do what it takes to rise to the top in a heap of offers. As long as a buyer understands the current market and is willing to and has the means to write up an offer with all the deal sweeteners on the table along with the ability to offer well over asking, as Dave was, then it isn’t rocket science to snag a house even with multiple offers. And on February 16th, 32 days after Dave texted me to let me know he was ready to start the home buying process, he got the keys to his perfect house.

 

Kismet in Ladd’s Addition for My Sister

My sister Jamie moved from our hometown of Portland to New York City to pursue a career in visual arts in 1999, before Y2K, before 9/11, and during the last year of the Clinton era. Along the way she met my now brother-in-law Paul, bought a townhouse in Brooklyn during the height of the recession for a rock bottom price, had my now 8 year old niece and adopted the sweetest little mutt who they named Zucchini- an homage to our childhood dog Squash. For the past 21+ years Jamie, and then Jamie and family, have spent extended amounts of time in Portland, usually at least a couple of months over the summer. They had vague plans of moving to Portland “some day” but no super motivating factor to do the hard work of packing up, figuring out where to live in Portland, and all that goes along with moving across the country. Then 2020 came and like millions of other folks, they re-evaluated where they lived, and the motivation to live closer to family (us) and to get out of the suffocating humdrum of life in New York during the pandemic became stronger with each passing month. We had fantasies of them buying a house in my neighborhood, Ladd’s Addition, and being walking distance from each other so our kids could easily go back and forth between houses.

The market for single family homes in Brooklyn, and especially those with a driveway for off-street parking, a private back-yard and a renovated home like Jamie and Paul’s house, exploded. Just as they timed buying their home at the right time during the bottom of the market, they couldn’t have timed listing their home better. Within a week, they had 8 offers, all over asking. New York real estate sales take at least two to three times as long as Oregon transactions, which take about 30 days, so even though their house was pending, it would still be at least 2-3 months before they made the journey west. Once their house was under contract, my sister started seriously looking at listings in Portland. She sent me a listing of a house in my neighborhood, Ladd’s Addition, that was very intriguing. It was a gorgeous 1905 home with tons of original unpainted woodwork and leaded glass windows everywhere. But the thing that really stuck out for her was that it had an attic that looked like a 1950’s A-frame cabin with floor to ceiling windows facing west and a detached extra large 2 car garage. My brother-in-law is a composer so the 2 things that were most important to them besides price and location, was being able to have 2 studios- one for my sister’s visual art and one that could be turned into a soundproof music studio for my brother-in-law. This house in Ladd’s had both. They were still a couple months off from closing on their New York house, but I told her I would keep an eye on it.

In early December, they found out that their buyers were a sure thing and that their house in NY should close within a month. My sister asked me again about the house in Ladd’s, so the next day I did a 2+ hour FaceTime tour with Jamie and Paul. The house had had a front-porch make-over in the 1950’s, so it looked a little funky in the front, the kitchen is small and dated, and it didn’t have much in the way of upgrades to systems. It had been sitting on the market for 2 months, and despite that, it was reasonably priced. The entire time I toured the home with them on my phone, around every corner was another detail worth oooohhhing and ahhhhhing over. Once I was up on the third floor, in the third floor A-frame space, we were struck that the practically floor to ceiling windows revealed an amazing view of downtown Portland and the west hills. The ceilings peaked at over 12′ and the walls were covered in this beautifully textured mid-century plywood. After spending time up there, we realized that for my sister, there was never going to be another art studio attached to a house that was as inspiring, spacious and convenient as this space. In New York, my sister’s art studio was in a basement with low ceilings and little natural light, so having a studio with such an incredible city view was a dream come true. After we toured the house, we looked at the garage. It was built in 1978 and seemed super sturdy and about 500 sf- a huge garage for inner-city Portland standards. By the time I left, it was clear that they had found their dream home.

We wrote up an offer that evening, and had it accepted the next day. We FaceTimed again for the inspection wrap up, which confirmed that the house had great bones, but was sorely in need of electrical, plumbing, and a couple of small structural corrections- all issues that I could tell by just walking through. The sellers were adamant about selling it as-is, which was pretty disappointing. All of the issues were easily fixable, but really started to add up. After overthinking it and overthinking it, Jamie and Paul couldn’t imagine finding a more perfect house that had the location they wanted, in their price range, and already had both of their ideal studio spaces, so they decided to continue onward with the purchase. Throughout all of the transaction, my sister kept wondering why such a great house had been sitting on the market for so long as 2 months in this market is an eternity. After helping folks buy and sells homes in Portland for 14 years, I truly believe that some houses pick their owners, and this one was just waiting for Jamie and Paul.

 

Tualatin Townhouse for a Terrific Family

Seven years ago I helped some of my favorite buyers ever, Hanna and Kylan, buy their first home in Foster Powell. From the moment I started working with them, I fell in love with them- they are so on it and we spent so much time laughing together. Not long after they bought that home, they had their first kid.  Two and a half years later in the summer of 2016, Hanna was pregnant with their 2nd kiddo and with new adventures out of state awaiting them, I helped them sell their first home. A couple of years ago, they moved back to Portland, and Kylan started working in Tualatin. Not wanting to spend hours in traffic every day commuting, they rented an apartment within walking distance from Kylan’s job in Tualatin. A couple of years of living in an apartment with 2 rambunctious boys and 2 dogs was starting to wear on them, especially as the pandemic raged on and everyone is home all the time.

This past summer Hanna contacted me because they were considering buying another home, this time in Tualatin. We talked for a really long time catching up and talking about what their next move would look like. I gave her the name of a great lender and off they went. I primarily only work in the City of Portland, but I loved working with Hanna and Kylan twice in the past,  so for fantastic clients like these folks, I’ll go just about anywhere I’m licensed for the chance to work with them again. Four months later, Hanna contacted me because they were more ready then ever to make the move. Given how low low low the inventory is everywhere, when it came time to actually look at something in the area they wanted to live in, there was literally one home on the market in their price range in the tight circle of where they wanted to live. I met Hanna the next day while her boys stayed in the car. Kylan was working and wasn’t able to meet us to see the house.  It was a well kept end unit townhouse that backed up to wetlands so the back view was lovely and wooded and the house was the perfect size and location. Offers were being reviewed the next day, so after sleeping on it, they decided they really did want to buy it. When wrote up the offer, they were originally going to just offer list price, but with at least one other offer on the table, I advised them if they just nudged their offer up by just a few thousand, they would have a better chance of having their offer accepted. They took my advice and later that day had their offer accepted. Kylan didn’t see the home until the home inspection, but I knew that Kylan trusted Hanna so it was quite the relief when after seeing the home in person at the home inspection, Kylan was super excited. Thankfully the sellers had the home pre-inspected and made plans to address everything biggish on the inspection report, including replacing the furnace which still worked, but was on the older side. One month and two kids later, for the second time in 7 years, I got to hand over new keys to one of my favorite families!

The Perfect Little House in the Shadow of Mt Tabor

My clients Elizabeth and Tom contacted me in early October. They were getting all their ducks in a row to start the home buying process within the first 6 months of 2021. After we spoke, Elizabeth got in touch with a great lender and it was after she spoke with the lender that they realized they were actually a lot closer to making home ownership a reality then they had anticipated. Once pre-approved, they realized that with rates below 3%, buying a home sooner then later to take advantage of the low low low rates was within their reach. Besides staying within their budget, location was the most important feature, and they knew they wanted to be as close-in as possible, preferably west of 82nd and within walking distance of places you would want to walk to and near transit so once the pandemic ends Elizabeth could easily get downtown to her job at Mercy Corps.

On our first outing to see homes, we saw a few homes and found a couple that they really liked. One in particular, in Madison South just a few spits east of 82nd seemed to check all the boxes. It was a home that has just been flipped, so from what I could see when we saw the house in person, it looked ok. There are always 2 parts of a house that I can’t see during a showing, and it’s those 2 parts that tend to have the most issues. The crawl space and attic. I always warn my clients up front that the crawl space and attic will make or break a house. Armed with the knowledge that the house was a flip and that I could not see the attic or crawl space, they decided to take their chances and write up an offer. For a house listed under $400k that looked to be in decent shape on the interior and had a nice floor plan, surprisingly it only had one offer. This is usually a sign of not great things, but hey- it meant no competition and since it had just been listed, they wrote their offer at just list price and not over asking. Their offer was accepted and we scheduled the inspection to happen within a couple of days. When we arrived at the house to go over the report with the inspector, I could tell by the look on my inspectors face that the house was a dud and all my concerns about it just having been flipped were validated. The crawl space and attic were total wrecks. Rats had chewed through a ton of the wiring, had made nests everywhere, even in the house ductwork. Rodent feces was out the wahoo and all the other terrible things that happen when rats move in were present. It was so bad that our inspector wasn’t able to inspect the whole crawl space or attic. We were all incredulous that the flippers who listed this house didn’t even bother to do any clean up or even try to cover it up. And it just added more fodder for my hesitancy in recommending recently flipped houses to first time buyers. My buyers terminated that very afternoon.

A couple of days later a cupcake little mid-century ranchalow just west of 82nd on the east side of Mt. Tabor in the SE part of Montavilla came on the market. Painted a perfect light blue/teal with scalloped siding frosting the front of the house, the curb appeal was delicious. This one hit all the same boxes as the Montavilla house, and this one felt even more warm and cozy. This house was not a flip and had been well taken care of by the previous owners. After sleeping on it, and before they even had their earnest money back in their pockets after terminating on the first house they had been in transaction with, they decided to go for it. This house did receive multiple offers and Elizabeth and Tom were able to rise to the top with a small escalation clause. For the second time in a week, they had an offer accepted on a great house. This house sailed through the inspection, and with just a couple of needed repairs that we were able to negotiate, the transaction was smooth from start to finish.

Proud Ground and Columbia Ecovillage for the Ultimate Co-housing Opportunity

My clients Laura and Umar contacted me in mid-October because they had just been approved to purchase a home at Columbia Ecovillage through the local community land trust, Proud Ground.  I absolutely love what Proud Ground does and any chance I get to work with a family who has been approved to purchase one of their homes I jump on the opportunity.

Land trusts provides permanently affordable home ownership opportunities for families making at or below 80% of the area median income level. The land trust legally splits the home from the land. The “land” remains in the trust in perpetuity, while the home can be bought and sold as long as the new homeowners make below the 80% median family income at the time of purchase. By taking the land value out of the equation, the price of the home remains affordable. Columbia Ecovillage is a multi-generational co-housing community in Cully made up of 37 condominiums and situated on nearly 4 acres of splendor. The units rarely become available, but earlier this year a unit did come on the market, and a couple of long term Columbia Ecovillage residents decided they wanted to have a family sized unit be part of Proud Ground. This couple purchased the unit and donated it to Proud Ground to sell, and bringing another housing unit into the land trust.

Umar and Laura had moved to China from Portland a couple of years ago when Laura got a job doing mental health work for an English-speaking school there. This past February, they decided to go to Cambodia for a 2-week holiday. While they were there, coronavirus starting surging in China and around the world, and their family wound up getting stuck in Cambodia and were not allowed to return to China. After weeks in SE Asia it became clear they would not be able to return to China to their home for an unknown amount of time- probably months. They decided to go with plan B which involved making their way back to Portland. They left behind most of their belongings in China, including work and personal computers, and someday they hope to return there to recover their stuff. Once they arrived back in Portland, thankfully they found a fully furnished apartment to land in. Laura was able to keep her job in China working remotely from Portland, but it did mean her hours were late given the time zone difference.

Umar is from Uganda and growing up in Uganda, daily life was lived more communally. When they heard about Proud Ground and found out about the unit for sale at Columbia Ecovillage, it seemed like the perfect fit. They stopped by and were welcomed in and given a tour by some fantastic residents there. They fell in love with the idea of moving into this village space with beautiful shared gardens, community spaces, a communal kitchen and large old home that the residents use for gatherings, meetings and socializing and being a part of a close-knit community. They applied with Proud Ground and were accepted into the program and the unit at Columbia Ecovillage was reserved in their names. And that’s when I entered the picture after Laura called me. We wrote up the offer, and of course it was accepted. As we were writing up the offer, Laura and Umar learned who the benevolent sellers were who purchased the unit to bring into the Proud Ground stable, and it turned out the sellers were the very same people who had given Laura and Umar and their 4 year old son a tour and spent time talking with them about the community, and it all made sense. Everything was smooth sailing until it came time for the final employment verification. With Laura’s employer based in China, it did make for some tense moments and caused a slight delay in closing getting that final verification, but in the end, the sale closed and Umar and Laura and their son joined Columbia Ecovillage as the newest residents.

 

 

Winning the Multiple Offer Game in Kenton on the Perfect House

Nowhere in Portland proper on the east side is competition for what few decent homes are on the market fiercest then in N/NE Portland, and in particular Kenton, Overlook and Arbor Lodge and Concordia. Any decent home listed under $500k WILL get multiple offers. Going into the house hunting search, I warned my buyers Josie and Brandon of what to expect if they wanted to buy a house in those parts of town. First weekend we went out looking they found a house that was full of charm and had a great location. After seeing it, they went home, slept on it and decided to put in an offer. It was an a cute house but had an awkward layout, so they were only willing to offer so much. And unsurprisingly, they lost out on that house. And then a couple of weeks later another sweet vintage home in Concordia came on the market that checked most of the boxes. After we saw that one, they went home, slept on it and decided to put in an offer. And same story on this one- they were not willing to pay as high as it was going to go, so they lost out on that one.

We kept looking at houses and then a sweet vintage bungalow in the heart of Kenton came on the market. We went to check it out and the entire time we wandered around Josie kept repeating that this was their house, and they were willing to give it their all to get THIS house, and those other 2 houses were just practice houses. And because it was super cute, in great condition and in a stellar location- the ultimate trifecta- it received 7 offers. We put in an escalation clause and threw in some other carrots and thankfully the seller accepted Josie and Brandon’s offer! Transaction went smoothly and here they are- one month after having their offer accepted!

It’s Easy to Be Seen at Cully Green

About 5 years ago I helped my clients Tim and Elizabeth purchase their first home in the Cully neighborhood. It was an older home on a nice sized lot with a lot of old house quirks. Earlier this year in the year (though it feels like it was 10 years ago) they contacted me because a new co-housing development was about to break ground right in the heart of the Cully neighborhood called Cully Green. Built by Orange Splot, who is well known for their green building, use of whimsical features and lots of real wood in their buildings, Cully Green is a community of 23 homes- 22 newly built townhomes and 1 home from the 1920’s that is original to the space. Tim and Elizabeth heard about this new community and had gone to a couple of meetings to learn more, and realized this was going to be exactly the kind of community that they wanted to be a part of.  Featuring a community building, gardens, and even a sauna- some of the highlights of physical features of living in a co-housing situation along with the opportunity to build a new community from the ground up was super appealing to them.  The buildings in the development are built around several courtyards with large covered front porches designed to invite neighbors to pull up a chair and chat. We wrote up an offer on a yet to be built unit in early March,and at the time we wrote up the offer, the expected completion date was around January/February of 2021.

Then Covid hit, and like everything else in the world, the whole project timeline was thrown for a loop as everyone hunkered down at the beginning of the pandemic. With a month or so, it became clear that because of Covid, a lot of the subcontractors on the job were going to have more time to devote to Cully Green since so many smaller projects stopped, or delayed starting. With all of the contractors and subcontractors going full steam ahead, we were notified in early summer that the homes should be ready for occupancy by late October or early November! In late August we put their home on the market and thankfully got a great offer that accommodated Tim and Elizabeth’s closing on Cully Green. The sale on their home went really well, and they closed right on time. As is often the case with new construction, by the end of October it was pretty clear their new home would not be ready to close the first week in November due to paperwork issues. Since we had already timed the sale of their house to coincide with the closing on Cully Green, the Cully Green folks were gracious enough to let Tim and Elizabeth take early occupancy otherwise they would have had to find someplace to stay for a couple of weeks with their pup. So while they moved into their home about 2 weeks before they officially closed, it was pretty still pretty exciting to meet them at their new home and see the whole project finished.

Just Sold in Cully!

Five years ago I helped my clients purchase this great 3-bedroom home in Cully at 6001 NE Milton St.. Earlier this year my clients contacted me because they love the Cully neighborhood and were super intrigued by a new co-housing development being built by Orange Splot, called Cully Green. After doing their research they decided that they wanted to sell their home and buy a new home at Cully Green. And then the pandemic happened. But thankfully by the time they were ready to sell their home, we had figured out all the protocols for handling sales. We listed the home, got a great offer, and they just closed on selling this one. Next week- on to buying the new house in Cully Green!

The Sunburst House

Houses with the sunburst pattern in the siding over the front porch are special and this Irvington home with the sunniest of siding is no exception. My buyers recently moved up to Portland to be closer to family and after a couple of months of looking for the ONE, they found it here. Because it’s a special house, of course it had 3 great offers. My buyers were the first to write on the house, and when it came time for the sellers to choose which offer they would accept, thankfully being first offer in was a big point in our column.  Congratulations to my buyers on getting the first and only house they wrote on!

Epic Win on Wilshire Park Bricker

I helped my buyers Brooke-Lynn and Ivan sell their classic mid-century in Rose City Park back in March. They loved their old 2 bed 1 bath home, but were ready for something bigger and in closer-in NE Portland. When they sold their home they had multiple offers and were able to get a buyer who gave them 2 months of rent-back. Once late May came around, they still had not secured their next dream home, so off they went to stay at friends houses, then AirBnB’s.

In late July what they thought was their dream home came on the market in Overlook, but after a fierce multiple offer battle, they didn’t feel comfortable going as high as the house ultimately sold for. They were sad, but determined to find the next dream house. And then along came a house that had just had a $70k price reduction which put it within their budget. From the outside, for all appearances it was a classic brick one level sprawling mid-century facing Wilshire Park in NE. We went to take a look and inside it was even bigger than it looks on the outside. All of the rooms were huge and airy and one room in the basement was huge with a fireplace, built-ins and  9′ tall ceilings. The house felt 1950’s all over, but the year built was listed as 1920.

While checking out the house we figured out there had been a little 1920 bungalow, but sometime in the 1950’s, someone  built a huge mid-century around it on 3 sides. The location across from the park is dreamy, so it’s easy to see why someone built out the house. It wasn’t the perfect house, but by removing a wall between the dining room and kitchen, it was clear that this house could be everything they had been looking for.

The house had originally been listed for $125k more than the new list price, and was now being sold as-is. Brooke-Lynn and Ivan loved it enough to put in an offer knowing that the house needed a lot of work on the systems and mechanics which were all well past their prime. We also knew that it had a terrible looking roof that would need to be replaced and an in-use oil furnace from the 1950’s with an underground oil tank. But even at the list price, it was a great opportunity for someone willing to put the money into it to bring it back. And Brooke-Lynn and Ivan decided they were those people. We wrote up an offer and the sellers accepted it right away.

And then came the inspection. And it wasn’t just the roof and furnace. It was everything- plumbing, electrical, rats, foundation, sewer, an oil tank leak, and more. After sleeping on it, they decided that too much work was needed and to get it up to par would cost in the $60k-$70k range- and that was before any cosmetic work. For the house to work for them, the price would need to be another $75k lower- so $200k under the original list price. We were pretty sure that the sellers wouldn’t go for that, so with a lot of sadness, we terminated the transaction. And then, what do you know, the sellers agent came back to us and asked my buyers what they would be willing to pay for the home. The sellers were older and had health problems, and given the state of the house, they really didn’t want to risk going back on the market. After weighing their options, they decided to come back to us. The listing agent and I scrambled to get bids for everything so my buyers would have an idea of the cost of all the needed repairs. My buyers decided that if the sellers would pay for the roof, do a pest control clean-up and abatement with the help from wildlife control in Houston, and get the leaky oil tank cleaned up and registered with DEQ, that they would be willing to pay $45k under what they had been in contract with. We thought there was no way that the seller would go for it, but go for it they did.

So about 2 weeks after we fell out of contract, we went back under contract, and 2 weeks after that, we closed. During the second transaction my buyers were able to line up all the contractors for the plumbing, sewer replacement, furnace replacement, electrical work, and the sellers pre-paid for the new roof and gutters. My buyers had a fantastic lender- Jake Planton with 2 Rivers Mortgage, who was able to get them an appraisal waiver and revive the dead transaction under the original lock and loan terms. I have never had a transaction where my buyers terminated and we were able to get back on track with terms that were acceptable to my buyers. My buyers had been so discouraged after they terminated on the house, that they were literally a few hours away from making the decision to move away from Portland for the time being. Once my buyers get the house back into great condition by dealing with all the systems upgrades and deferred maintenance, they can move on to the fun stuff including taking down a wall and re-doing the kitchen. I can’t wait to see magic they in store for the house!

First Time Buyers and a Piedmont Cutie

Lisa and Matt and their 4 year old son had been renting an apartment in Irvington and were ready to branch out and buy their own home. Their needs were pretty simple- at least 2 bedrooms, cute/vintage, reasonable condition, a yard to play and garden in and relatively close to where they had been renting in inner North/Northeast. And a basement would be the cherry on the top. We looked at a few homes and even a condo that was a condo conversion from a 1960’s complex that was similar to what they had been renting. We found a great home that met all their needs within a few days. A house that had been sitting on the market with no action for nearly 3 weeks. We wrote up a great, full priced offer, and what do you know- someone else decided that day to put in an offer as well. The house seemed to have some condition issues and the other buyers offered a 2-week close, meaning it would be nearly impossible to negotiate repairs, let alone have any repairs done, prior to closing. So when Lisa and Matt’s offer was not accepted, there was a little heartbreak which was quickly dealt with via some condolence vermouth. But then, the very next day, a cuter-then-a-cupcake circa 1940 bungalow came on the market in Piedmont. We went to see it and I could tell my buyers were in love. Given it was cute, well priced, and in a fabulous location, it did receive multiple offers and Lisa and Matt were able to beat the other offers with a super clean offer and a small escalation clause. The inspection revealed a few issues including the need for a new roof, furnace and other old house stuff that was past it’s useful life. Thankfully the sellers were great and we were able to negotiate a fair credit amount and a small price reduction to account for the work needed. And then my favorite day in the whole transaction arrived- closing and key day!

Poster Children for Perseverance Prevail in North Portland

My buyers Shay and Mike contacted me in mid-April, about a month into quarantine, and a couple of weeks after my last pre-covid transaction had closed. They were living in a rental, had a 2 year old and were pregnant with their second child. Shay had just started a new job but due to Covid she had never even been into the office of her new company. They figured with the second kid on the way, now was as good a time as any to find a new home. They had just gotten pre-approved in mid-April one month into quarantine. We had no idea what the Portland market was going to do. Everything had come to a stand still in real estate and we as a collective body of real estate agents did not know how long the pause would last. Would it be for a couple of weeks? A couple of months? Forever?

Their ideal house would be in North Portland- in Arbor Lodge, Overlook or Kenton. Their ideal home would have 3 bedrooms. Their ideal home would have more than 1 toilet. Their ideal home would have plenty of room to garden and a real dining room.  And their ideal home would have lots of light and a space that could work as a home office/studio.

As soon as Shay and Mike were ready to go by the end of April, I finally met them in person at a house we went to look at. It was smaller then they were hoping- a 2 bedroom 1 bath house, but it had a full basement that could be finished and turned into a home that worked for them.  They loved it and decided to write an offer. And that’s when we realized that the market was going bananas. It was a smaller 2 bed 1 bath home over in Concordia, and we knew it was getting multiple offers, so Shay and Mike wrote a little over asking, but didn’t go crazy over. And then we were told it had 7 offers and the sellers accepted an offer for about $25k over list. They got over their heartbreak of losing that house, and we continued on. Over the next 2 months, they wrote on five additional homes, and on all of the homes they wrote for over asking- and some homes they were writing $40k-$50k over asking, offering to make up appraisal differences if the appraisal didn’t come back at sales price, offering rent-back for free to sellers and offering other carrots. But we couldn’t get anything to stick. And this was hard. Really hard for them. And with Shay being pregnant, that just added to the heartbreak that kept compounding with every offer rejection. I kept telling them that every one of my buyers always buys the best house possible in the end, so even though they had been rejected 5 times, it was only because the house they had not yet written on a house meant to be theirs.

About 3 months into the search, several homes came on the market at the same time that seemed like they could work. The first one was a cute little bungalow in the Creston neighborhood in SE. It met most of their needs, and while it wasn’t in a part of town that they had originally wanted to live in, if their offer had been accepted they would have happily moved in and that would have been that. At the same time, another house right in Arbor Lodge came on the market that seemed too good to be true. It was a true 2 story house plus a full partially finished basement with 4 real bedrooms above grade, a large living room, separate dining room and roomy kitchen. It had a full bathroom on the main floor and a half bath in the basement. The basement also had a fantastic room with a fireplace that with a few cosmetic upgrades could be an ideal playroom/family room. And to top it all off, it had a detached garage in great shape. Both the SE home and the N Portland home seemed underpriced, so they felt they had a better chance of getting the SE house given it was priced lower then the No Portland house, and the SE house was looking at offers sooner then the N Portland house. They wrote up a great offer- their 5th- on the SE house and got into back-up position, which felt like progress! In the meantime, that North Portland home beckoned and with a Hail Mary, they threw their all into writing an offer on that house totally not expecting that a house so perfect could be theirs after all they had gone through.

And then I got the best call a buyer’s agent can get- your clients offer was selected! I immediately called Shay and Mike and they just about fell down on the floor. I don’t think they believed me at first. This house where the seller had accepted their offer on was by far and away the best possible house out of all the houses we looked at and they wrote offers on, and now it was going to be theirs. Transaction was smooth and house only needed a couple of repairs which the seller agreed to do, and 30 days later, the transaction closed! Had they not continued to stick with it and keep pounding the pavement, their perfect forever dream house would have eluded them. The seller is spending a week after closing moving out, Shay is due in less than 2 weeks and all is as well as could be in Shay and Mike’s world.

‘Twas Meant to Be in Overlook

Josh and Evayn were referred to me by some great past clients of mine. We met for the first time via Zoom and we talked about the current state of the market and what to expect as a home buyer looking to purchase a home in close-in North or Northeast Portland. I explained how despite the pandemic, real estate was as busy as it’s ever been with nearly every good house getting multiple offers and almost always going over asking. Having caught them up to speed on the state of the market they were prepared for the worst, or at least prepared that it might take a while before they found the perfect house and had an offer accepted. We discussed what they were hoping to find, and they mentioned that they had seen a house listed in Overlook that seemed to check all their boxes. It had just gone pending so unfortunately that was off  the table as an option. Or was it?

We went through the available listings to select a few homes to see, and pickings were as slim as a dry noodle. They did find a few that seemed worthy of seeing, if only to get a sense of the kinds of houses on the market in their price range. We went on our first house seeking adventure, and they found one house that with a lot of imagination and sweat equity might work. As they were considering that house, lo and behold their dream house that they had told me about came back on the market. We zipped over there and saw it that evening to see it and it was as perfect in person for them as it was online. A sweet little 2 bedroom 1 bath mid-century on a dead-end street just a couple blocks from happenings on Interstate with a great fenced and private yard for their mutt Peabody and a stellar garage that is the perfect set-up for one day converting it into an ADU. The interior sported gleaming hardwood floors, fabulous paint colors in every room, a perfectly intact vintage mid-century kitchen and a huge laundry/storage/utility room.

The first time this house came on the market it had multiple offers and went for slightly over asking. This time around the seller was super motivated to get it back under contract and didn’t want to wait around for a pile of offers to maybe appear. We wrote up a great full price offer, submitted it right away and thankfully the seller was super motivated to get the house back under contract and accepted Josh and Evayn’s offer pretty quickly.  The previous buyer had already done the sewer scope, radon test and we had the tank information, so we scheduled the inspection and the house passed with flying colors. Everything else went smooth as butter and six weeks after we first met via Zoom, they had the keys to their new home in hand.

 

 

Perfectly Vintage 1910 Creston-Kenilworth Bungalow

Kat was referred to me in mid-May by a former client of mine, about two months into the pandemic. Like a lot of first time home buyers, being home all the time with roommates while also running a business had lost a lot of appeal after two months into Covid. Kat is an artist and has developed a successful business selling dice for role playing games and was looking for a cozy vintage home that also had a large enough space to move her business operations into. She also wanted to live as close-in as possible. We looked at a few houses to give her a feel for what was on the market, and nothing was close to ringing her bell. And then like magic, the perfect little 1910 bungalow with a nice front porch and porch swing on the back porch popped up in Creston-Kenilworth. It is sweet as a bell in the sunshine with high ceilings, a true to period re-done kitchen and bathroom and vintage charm galore. And the basement set up is perfect for running her business out of with an outside entrance that will allow her sweet pooch to run in and out of all day long. Like a lot of houses listed these days, it was unfortunately listed under market. In this frenzied market, even buyers with great down payments, over asking offer amounts and fantastic terms are having to write offers on multiple homes before one sticks. I had prepped Kat for this, and so we wrote up a really strong offer and then just bit our nails while we waited for the seller to review the 7 offers they received. Thankfully they did select Kat’s offer. A home run on the first hit for Kat. The sellers had done all the hard stuff so the inspection went well and a month after her offer was accepted, I got to meet Kat at the house to hand over keys.

Vintage Courtyard Condo in Piedmont

6500 N Michigan Ave., #4

Portland, OR 97217

Darling 1940’s vintage condo with a dreamy front courtyard. Lives like a small house with a period perfect fireplace with built-ins, a good sized bedroom, intact vintage kitchen and bathroom, and a back door off the kitchen. This unit comes with a detached garage and a deeded parking space, washer/dryer in unit, basement storage and a forced air gas furnace. No rental cap and only 6 units in the complex. Low property taxes and ideally located within a few blocks of Peninsula Park, MAX and New Seasons.

OFFERED AT $259,900

1 BEDROOM | 1 BATH | 544 SQFT

MLS# 20450886 | TAXES: $1,682 | HOA: $225/MO

A Brand New Place to Quarantine in Pleasant Valley

Congratulations to Bea and David on getting the keys to their new to the home in Pleasant Valley. From start to finish their transaction was 32 days, and during this time, the world turned upside down and our planet went to war. The seller was Opendoor, which if you are unfamiliar with is an Ibuyer company that buys homes for cash off market and undervalue, and then slaps some paint and caulk on the house and puts the house back on the market at market value. I was out of town for President’s Day weekend when Bea and David decided to check out a house in Pleasant Valley that piqued their interest. Since it was an Opendoor property, they were able to let themselves in without me and what they found was a home that had parquet wood floors throughout the entire house, a tri-level layout, and decks with views for days on all levels. They were in love, so we wrote up the offer while I was still out of town, and the next day Opendoor accepted their offer. The first time I saw the house was at their inspection, and our inspector warned us that all Opendoor does is slap some lipstick on problems, and she has seen a lot of sale fails because of the poor condition of homes and Opendoor not willing to negotiate credits or repairs. Thankfully the inspection went fairly well- still a lot of work will need to be done to fix some rotted siding, roof and gutter issues and a few plumbing repairs, but overall it was one of the better Opendoor homes our inspector had inspected. Getting Opendoor to offer any credits was like trying to pull teeth out of a live tiger, but I did manage to get them a couple thousand in credit, which was better than a poke in the eye. And then right after we finished that negotiation, poof- the whole world collapsed. Thankfully my buyers were far enough into the transaction that we had everything pretty much nailed down so they were able to sign their closing docs- though I was not allowed to join them. The sale closed, and rather then me meeting them to give them their keys my buyers were able to get the keys from the lockbox at the house themselves. This was the first transaction that I can remember where I didn’t get to hand over keys or go to the signing. And like everything else in this new world, it feels strange and sad. But my buyers are thrilled and really that’s all that matters. They can focus on moving from where they are sheltering in place at their rental, to quarantining themselves in their new home.

Mid-Century Charmer in Rose City Park

1620 NE 65th Ave.

Portland, Oregon, 97213

Dialed in mid-century rancher with an open floor plan and tastefully updated bathroom and kitchen. Featuring a formal entry, gleaming hardwood floors throughout, a cozy woodburning fireplace and a newer gas furnace and central a/c, this home shines. The interior connects well with the private backyard and the attached garage and detached shed provide lots of options for storage. No projects left to do with this house, just unpack your stuff and move right in.

OFFERED AT $420,000

2 BEDROOM | 1 BATH | 996 SQFT

MLS #20507085  | TAXES: $4,428

 

 

  

 

  

 

 

Continue reading “Mid-Century Charmer in Rose City Park”

Petite Perfection In A Newly Built Affordable Home In Kenton

Molly and her son have been renting a below market rate home owned by a non-profit in NE Portland for years. With her rent about to rise, Molly made it her mission to buy a home to provide her and her son much needed stability. Through luck, timing and meeting the right qualifications, Molly qualified for a $90k down payment assistance loan through the Portland Housing Bureau. The loan is actually a silent second, which means there are no payments made on the loan, it accrues no interest and is forgivable after a certain number of years living in the home. Concurrently, Portland Housing Center’s LIFT program was unveiled and Molly was able to snatch up one of their $20k grants. With $110k in down payment assistance, Molly was able to buy a fabulously adorable new construction home on a quiet street in the heart of the Kenton neighborhood. The 2 bed 1.5 bath was built in what was an oversized yard of a house, and though only 800 sf, this home is a great example of how to use a small footprint to create a home that lives much larger than what you would expect with a home with less than 1/2 the square feet than your average new construction home.  And with the smaller footprint, it kept the cost down and created an affordable option for home ownership in the thriving Kenton area.  The transaction itself was smooth as butter with an awesome listing agent, Daniel Silvey with Knipe Realty, who also happened to own the home, a fabulous lender- Jennifer Leon at Umpqua, terrific escrow officer Mariah Yee with Ticor Title and lots of  help and guidance of folks at both the Portland Housing Bureau and the Portland Housing Center.

A Confluence of Factors

Congratulations to Sarah, Scottie and Piggers! Thanks to impeccable timing they were able to get $35k in down payment grants through the LIFT program and University of Portland’s down payment program designed to help full time employees buy their first home near the UofP. Within a week of having the LIFT reservation in hand, we found a great rancher in University Park that checked all the boxes including what we thought would be a difficult to find huge detached garage for Scottie’s blossoming contractor business. This was the week before Christmas, and knowing that the LIFT funds expired in 2 months, and that most likely they were not going to see a house that checked this many boxes in their price range anytime soon, I suggested they offer just a few hairs over asking in hopes that the seller would accept their offer prior to the weekend, and it worked! Three days before Christmas they had their offer accepted, which was just 2 days before I left town on vacation for 2 weeks. Thanks to my excellent colleague Lisa Avena at Living Room who took great care of them and handled their home inspection, I was able to enjoy my vacation knowing Sarah and Scottie were being well taken care of. The inspection turned up a few unexpected surprises in the crawl space, but having a contractor buying a house always makes me feel better when a house is going to need some work. Even though the seller (who was also the listing agent) wasn’t happy, we were able to get him to agree to fix the big stuff. And then the appraiser called out some dry rot on the garage. Grrrr. By this time we were in mid-January and the market had clearly turned a sharp corner. In the 4 weeks from when their offer was accepted to the time the appraisal came back, the market shifted strongly into a sellers market with little inventory and a ton of buyers out shopping. The seller was very aware of this, and reminded me a couple of times that he had someone waiting in the wings who wanted the house badly enough because of it’s huge garage, that this supposed buyer would have taken the property as-is.  So when I told him that the appraiser had called out that the garage needed to be repaired before the lender would loan on the property, he refused to the garage repaired. This would have been the end for most buyers, but Sarah and Scottie were not daunted. Scottie knew he could take care of the issue himself in less than a day’s work, so we got the seller’s permission for Scottie to fix the issue and Scottie got to work. Between the 35k in funds, finding the right property at the exact right time, and having the literal skills and ability to fix a problem, this family of three were able to close on the perfect house for them.

 

 

 

The Highs! The Lows. Then LIFT!

With some buyers the journey towards home ownership takes a few more twists and turns then planned. My buyer Sydney had a few bumps in the road along the way, but through luck and good timing, reaped the reward of the perfect house for her.

Sydney was a Portland Housing Center client and enrolled in their matching savings program, and was in the know about the upcoming LIFT program that gives home buyers under a certain income $20,000 towards a down payment and/or closing costs. Registration for getting a coveted LIFT appointment was planned for the week before Thanksgiving, and on the morning of registration opening, so many home buyers were trying to get a golden ticket that within 90 seconds of the system opening, all reservations were gone. Sydney had really been hoping she would get a reservation, but sadly (or so we thought) she missed out. The second chance to snag a reservation was Dec. 13th, but once Sydney missed out on the first round, she decided she was going to put LIFT out of her mind and start looking for a home right away.

The week after Thanksgiving we went out and saw a few homes in her price range. One of those homes was a large 3 bedroom 2 bathroom mid-century right off Rose City Golf Course that had been sitting on the market for a couple of months. It did retain some basic mid-century charm- lovely hardwood floors, a couple of nice fireplaces, a great layout, and a large unfinished basement with high ceilings.  To Sydney’s benefit, the previous owner didn’t have the greatest taste and had altered a lot of the rooms to suit a very specific taste- one bedroom was painted bright pink and had textured walls reminiscent of a frosted wedding cake, another bedroom had the ugliest wallpaper ever and someone had the brilliant idea of turning it into a true master with ensuite bathroom by blocking off the hallway entrance to the bathroom and cutting out an entry space maybe 18″ wide between the wall of the bedroom and bathroom so one wouldn’t have to walk around to the hallway to get into the bathroom via a proper door. Most buyers can’t see past the projects, but Sydney saw an achievable challenge and an opportunity for true sweat equity.

Sydney is a woman of vision and she was able to see past all of that wackiness and envision a mid-century marvel. For most first time home buyers, I would not necessarily recommend purchasing a house that needs as much work as this one clearly needed, but Sydney’s resources include her own handiness and handy contractor friends. The bones of the house seemed fine, but clearly work beyond just cosmetics were needed, so we wrote an offer for $10k under list price knowing that most likely the repair list was going to be long, and hoped for the best.

The seller was represented by a court appointed conservator, and accepted the offer and we moved onto inspections. I knew stuff would come up in the inspection, but I had no idea the extent of what needed to be done. After the inspection, the repair list included: sewer line needed replacing, oil tank needed to be decommissioned, electric panel and service line needed replacing, roof needed a full replacement, both bathrooms underlayments were so moisture damaged that one of them needs to be completely gutted down to the studs and support structure, and the other bathroom need the drains to work and the toilet to be re-attached to the floor, much of the wiring was dangerous and most of the plumbing was at the end of it’s life. Given the seller was being represented by a court ordered conservator, we had no idea where we would end up. Sydney was more than prepared to take on the cosmetic stuff and a few repairs on her own, but the totality of what else needed to be done was way beyond her scope both financially and logistically. Thankfully the listing agent was a true gem and understood that all of the repairs we were asking for were repairs that any buyer would ask for and was able to convey that to the seller’s representative.

Meanwhile, while we were in the midst of repair negotiations, Sydney found out through her contact at Portland Housing Center that not all of the LIFT funds had been reserved, and Portland Housing Center had a few more grants available they were releasing to their clients who were already under contract. Sydney registered online immediately and actually snagged one of the very last LIFT grants giving her $20k towards her down payment. This significantly changed the stakes because it meant that while we still needed the seller to do most of the repairs, it meant Sydney could use $20k that she had planned on putting towards her downpayment aside so she can get those bathrooms working and stylish. And with the exception of fixing the bathrooms- they gave her a small price concession instead, the sellers representative agreed to have all the necessary repairs done prior to closing.

So with the grant in hand, she was able to accept the seller’s counter on the repairs and we moved forward. Nearly 2 months after her offer was accepted, I handed Sydney the keys to her very own house. We couldn’t have planned it better with Sydney getting into contract before the unleashing of all of the other LIFT buyers, and then actually getting the $20k LIFT grant if we had tried.

When An Attached Home is the Answer

 

First time homebuyers Justin and Steve were pretty clear about what they did want- a 3 bedroom 2 bath home with little to no yard, spacious, something that didn’t need any work and was easy to maintain, located near a bus line in SW that travels downtown regularly and not a condo. In their minds, they were picturing themselves in a detached home, but given their budget, they weren’t sure if what they wanted even existed in their price range.

We sat down to meet in early September to talk about expectations, what they were looking for in a home and what they could reasonably expect. I mentioned that an attached home/ townhouse that’s not part of a condominium association might hit all of their wants and needs. At first they looked at me like I had a third eye, but within a few minutes I could see the wheels and gears churning in their heads.  We talked about it some more and the more we talked about it, I think the more they realized that a townhouse really could be a great option for them.

Once they were ready to start shopping, I sent them a bunch of listings in their price range that at least met most of what they wanted which included a few townhouses. The first place we went to see was blocks from Multnomah Village. It was a townhouse built in 2015 the builder had built to rent out for a few years, then put on the market, so by the time it came on the market, it had been refreshed and was practically brand new. They immediately took a liking to it. It met every single item on their list, but given the higher property taxes, it was slightly over their budget. We then went and saw another town home in the area, and that one didn’t light a single sparkle in their eyes. After that we checked out a 3 bedroom 2 bathroom detached house in their price range, but compared to the first townhouse we saw, the detached one didn’t hold a candle and everything about it needed updating. When we finished our short but sweet tour, I could tell that they had fallen in love with the first place we saw.

The home had been on the market since February with only a fraction of a price reduction that whole time, so of course my buyers want to know what’s wrong with it, or what the issue is. When I spoke with the listing agent he said it came down to a seller who had drawn his line in the sand, and wasn’t going to accept anything below that line, despite what the market was repeatedly telling him. They had received other offers over the 9 months it had been on the market, but since the seller wasn’t moving the needle, it never went pending. Since it had been sitting vacant for so long, the seller was finally motivated to sell. Justin and Steve had their own line in the sand in terms of how much they were willing to pay for a monthly payment, and at it’s list price, it was $25,000 over what they were comfortable spending. We wrote up an offer, went through a couple of counters, and finally arrived at a combination of credits and price reductions that came in just three dollars under Justin and Steve’s bottom line. Thankfully the home was in terrific shape so we asked the seller to only fix a few tiny punch-list/blue tape items, which they agreed to do, and we closed on time. And when we met so I could hand over the keys, they seemed a shell shocked in a delightful way. They couldn’t believe it had been so easy, and for an agent, that’s the best response a buyer, particularly a first time buyer, can have.

 

 

A Real Tiny House For a Cat Lady’s Dream Life

I started in real estate back in the wonder year of 2007 when I got a job at a non-profit home builder HOST Development. My background was in community development and affordable housing, and my new job at HOST was to do community outreach and sell homes built by the non-profit builder to first time buyers who made at or below the area’s median family income. When I started working at HOST, I was eased into my job by our most fabulous office/computer/everything wrangler Holly. Holly had purchased a HOST home herself, and liked the company so much she was hired as our office manager. Fast forward a couple of years and the Great Recession hit, and being the smart and savvy person she is, Holly jumped the HOST ship when the writing was on the wall, and found a job working for the State of Oregon. I rode that ship out until the last lifeboat left in 2009, and while it was sort of traumatic to lose a salaried job in the height of the recession, the biggest gift that job gave me was the realization of how much I love working one on one with buyers and sellers.

It’s been over 10 years since HOST closed their doors, and Holly is now a fancy tech person doing what she loves at a company that aligns with her values and skills. A few years ago Holly sold her old HOST home and rented apartments around town with her 2 cats. But once you’ve owned your own home, it can be hard to make that transition to being a renter in a building with other people who don’t share your wake/sleep  hours, as well as being at the whim of a landlord in terms of what you are going to pay for your housing. So the itch for homeownership grew stronger and a few months ago Holly reached out to me because she had some questions about a few houses that had caught her eye. I gave her the skinny and she decided to pass. And then a sweet little cupcake of a bungalow came on the market that was sadly too underpriced. It was definitely swoon worthy and gave Holly butterflies, but unfortunately for Holly, lots of folks who were willing to pay more for it also had butterflies, so that ship sailed. Holly seemed to feel that was her last chance at a cute house closer-in under $300k, so she declared that she had closed the book on house hunting. I knew she would be back at it, and since Holly is such a fabulous person, even her cat sitter was on the lookout for the perfect Holly house. In late October she texted me a link to a tiny house- only 520 sf in the Roseway neighborhood that her cat sitter had sent her and by the time we tried to go look at it, it had gone pending. But then as luck would have it, that sale failed and it came back on the market.

While it was teeny tiny, the listing photos made it look quite spacious, so we went to see it and lo and behold, it was even lovelier in person. A few years back someone had bought it, gutted it, re-built half the house and created the most efficient, cute and warm 1 bedroom 520 sf house ever. The house had zero inches of wasted space, built-in’s everywhere, decent sized kitchen and bedroom, windows galore, and enough of a yard that Holly can flex her gardening prowess. We wrote up the offer, went through a small counter, and had a smooth transaction. Holly had considered buying a tiny-house on wheels but as cute and efficient as those homes are, they are not that efficient in providing a permanent spot to plant roots as they are considered mobile homes, and it’s hard to find a spot to legally park them where you are guaranteed to stay in one place for the long term. This house in Roseway is only slightly bigger than the tiny homes we all think of, but it sits on it’s own lot on a real foundation and isn’t going anywhere, and for the foreseeable future, neither are Holly and her cats.

Happily Ever After in a Milwaukie Mid-Century

I met Rachel and Rubin this past March. They had a matched savings account, an IDA (individual development account,) from Portland Housing Center and they were ready to buy a house. To say these two are delightful is an understatement- they are DELIGHTFUL and it’s people like these two that make my job so much fun. They are both from Portland and have lots of family in the area and knew they wanted to live near at least some of their family. They honed in on Milwaukie and SE Portland, and we set off looking at houses.

They were definitely attracted to vintage homes- mid-centuries and bungalows and it wasn’t long before we found a house that they really liked- just east of 82nd. A darling bungalow that oozed with charm, and even more importantly to Rubin, with a yard and garden to write home about. There were a couple of things about the house that weren’t perfect for them- the bedrooms were small and the location wasn’t ideal for them, but they loved the house enough to compromise on those issues. They are very budget conscious and knew they didn’t want to spend a dollar more than $400k, so they wrote an offer at a  number they felt comfortable with. Another buyer wrote higher, and Rachel and Rubin got back-up position. At that time, they were disappointed they didn’t get the house, but were certainly not distraught. We picked up from there and kept looking at houses. A couple of weeks after they got back-up, I received a call from the listing agent letting me know that the first position buyers had backed out and did my buyers still want the house? I got in touch with them and gave them the good news, and their answer was an immediate yes. They moved into first position, and timelines were started. The next day we went back to the house just to make sure they still loved it, and while at the house, they felt the love again. But later that evening, the doubts began to creep in. Whenever a buyer expresses doubt about a house, I take that as a strong signal that this probably isn’t the right house for them, and the sooner they can back-out, the better for everyone. Calling listing agents to let them know my buyers are backing out is never pleasant for me, but I knew Rachel and Rubin were making the right decision. Thankfully that cute little house was back in contract within the week.

Right after they backed out of the sweet bungalow, we found another house in SE that was also charming but the biggest wow factor was that the house had a HUGE yard- something that was really important to them. The kitchen wasn’t great, but the yard was so nice that they felt that they could always remodel the kitchen at a later date. They wrote on that house, but so did a bunch of other buyers, and they lost out on that house. Again, they were disappointed, but certainly not crushed. Shortly after that experience, they decided that they wanted to take a break from house shopping for the summer- Rachel was going to take some intense courses towards becoming an accountant, and Rubin was hopefully looking at a job promotion, and they figured after the summer was over, they would be ready to resume the search. Sure enough, on the last day of August, they got in touch with me to let me know they were ready to house hunt again.

They had a short list of houses they wanted to see, so that week we went and saw a few more houses. And that’s when they found the ONE. A mid-century in the Ardenwald neighborhood in Milwaukie with a fireplace, 3 good sized bedrooms, an open kitchen, hard-wood floors and a double lot. And the house was listed nearly $35k below the other houses they had written offers on. And like the other houses they had written on, this house was also a hottie. But this time I could tell that if they didn’t get the house, they would be majorly disappointed- this house was perfect in every way for them. We wrote an offer that night, and within a couple of days, the house received 3 more offers. I had expressed how much Rachel and Rubin loved the house, and let the listing agent know to let me know if other offers came in, because Rachel and Rubin were more than willing to revise their offer upwards to get the house. Thankfully the listing agent was terrific, kept me in the loop, and with her sellers permission, told me they were fine with an escalation clause. We wrote up an addendum revising the offer, included an escalation clause, and boom, that did the trick. Interestingly, the house was listed at $360k, and even with 4 offers including our escalation, it only went for $9,500 over list. Because Rachel and Rubin are so delightful, the whole transaction was smooth with happy buyers and happy sellers in the end. The sellers are taking 2 weeks after closing to move out, and really all Rachel wanted was to be in the house by Halloween, and three days before Halloween I’ll be meeting them at the house to hand over the keys.

The Big Green Brick House on the Corner

My buyers Daniel and Vinci contacted me after being exhorted (their words) by a mutual friend (and client) to contact me. They were living in my neighborhood, Hosford Abernethy, on a smallish house on a busy street and were thinking they were ready for a bigger house on a quieter street. The catch? They only wanted to live within a 15 square block area. They had been spending a large part of the summer visiting family in California, but a fixer located in their search area came on the market and they were intrigued. I had also just listed my neighbor’s house and it was getting a lot of action, so Daniel decided to fly up to Portland for an afternoon to look at these houses. In the meantime, there was another house in the neighborhood they had been keeping their eye on- a large brick house on a corner painted a bright and cheery green. This house had originally been listed nearly a year ago at a pretty far fetched price- nearly $200k more than it was currently listed at. Two weeks prior the house had a dramatic $75k price reduction putting it within reach for Daniel and Vinci. So on a sunny summer Monday three days after contacting me, Daniel flew up to Portland for a few hours. We took a grand tour of the 3 homes- all within a few blocks of each other, including the fixer, my listing and the big green big brick house. The fixer was too fixer-y, and my listing was a little too small, but the green brick house was a match.

The big green brick house has always been one of my neighborhood landmarks- I remember way back when, maybe 9 or 10 years ago, when it used to be white brick. The house happens to abut the SE Living Room office, and I had long admired its presence. Given the green brick house had been on the market for nearly a year, I didn’t know what to expect when we toured the interior. The listing photos were lovely, but it’s always  hard to know if the truth matches the images. And from the exterior, it looked like the house didn’t have much in the way of a yard. Thankfully the house was just as lovely, and felt even more spacious, in person. And the house has a very private backyard retreat complete with a large pond and waterfall. The garage is prominent, but until you go inside, it’s hard to tell from the street how ginormous the garage really is- it’s wide, it’s deep and it has soaring ceilings- all the right features for turning the garage into an ADU, workshop, or both!

The transaction was smooth and after a couple of weeks of occupancy after closing, Daniel and Vinci will move 10 blocks from their current house to the big green brick house on the corner. Their family has a car-free lifestyle and have answered calls to help other folks move by bike, including our mutual friend’s recent move.  Once the green brick house sellers have moved out, expect a grand bike move at the end of the month.

JUST LISTED: CULLY CUTIE ON ENORMOUS LOT

Cully Cutie on Enormous Lot

5430 NE Holman St. | Portland, OR 97218

OFFERED AT $399,000 | MLS 19180030

2 BEDROOMS : 1 BATH : 856 SF : .26 ACRE LOT

For buyers looking for a house with land in the city, look no further than this Cully cottage. Surrounded by trees and hedges on a .26 acre corner lot, the 1937 home is as sweet as can be with a cozy living room with fireplace, open kitchen with eating area and 2 decent sized bedrooms, with one opening onto a covered deck. The full basement has tall ceilings for future expansion. The solidly built garage is huge at 624 sf and could easily fit a boat or be turned into an ADU or studio. The private park-like lot is fenced in and vast with plenty of room for urban farming, raising goats, starting a commune, having a private dog park and more. With R5 zoning and the corner lot location, the property has potential for subdividing into 2 over-sized properties.

Ladd’s Addition Bungalow Wonderland with ADU

Ladd’s Addition Bungalow Wonderland with ADU

2323 SE Tamarack Ave. | Portland, OR 97214

Offered at $730,000 | MLS # 19375333

5 BEDROOMS : 2.5 BATHS: 2616 SF

Whimsical, extremely energy efficient 1924 bungalow in a woodsy setting in Ladd’s Addition. The main home has 3 bedrooms 1.5 baths and features renovated to period style kitchen and bathroom. The finished attic is a serene master bedroom with a spacious sitting area and the attached garage-workshop is finished, plumbed and has a secret sleeping loft. Downstairs is a large permitted income producing ADU with 2 bedrooms that sleeps 5. The sprawling over-sized corner lot features meandering stone paths, a straw-bale shed/studio, chicken coop, solar panels and multiple gathering spots. The location is absolute gold: two blocks to the Division New Seasons and two blocks to Abernethy Elementary, with close-in SE and downtown at your fingertips. HES Score: 9 (out of 10!) Walk Score: 91 Bike Score: 99

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Awesome Ardenwald Farmhouse

The very best call a real estate broker can receive is a call from a buyer where they let you know they were referred to you and want to work with you and they already found a house they want to write an offer on. In real life though, it’s never quite as easy as that sounds. When my buyer Brittney called me in late April she and her family had fallen in love with a house in Brentwood Darlington they just saw at an open house and they wanted to put an offer in, but she didn’t have a broker yet. Thankfully I was available and I high tailed it over to the house to see for myself, and then right afterwards met with Brittney and her partner at a coffee shop to discuss.

Later that evening we wrote up the offer and submitted it. Since nothing is quite this easy, the offer was sadly rejected. But it wasn’t all sad news because just a couple of weeks later, Brittney and her family found a sweet farmhouse in the Ardenwald neighborhood of Milwaukie that was overall a better fit plus it has a gigantic park-like yard. And thankfully this time her offer was accepted. Inspections went smoothly and with a great lender, we closed on time. Congratulations Brittney!

Patience Pays Off for Mother Daughter Dynamic Duo

Back in mid-March my buyer Valerie called me in somewhat of a panic because the new construction condo she had been in contract to purchase was a steaming pile of mess and the lender eventually pulled the plug on getting a loan for it. Turned out that the condo she had been in contract to purchase for months was part of a brand new complex and only 1 other condo out of twenty had sold since they officially went on the market 5 months prior. When there are that few sales on a new condo project, most lenders are going to deny a loan because the risk to the buyer of the whole stack of cards falling down is pretty real. If the rest of the complex winds up turning into rental apartments because the developer could not sell them as condos, it then it makes the units purchased by unfortunate buyers almost impossible to sell down the line- and that’s not a risk worth taking.

Valerie and her daughter April are first time homebuyers and with retirement on the horizon for Valerie, (distant but still definitely there) they were super motivated to find something decent in their price range in a location they liked and would be easy to maintain. They had been working with the Portland Housing Center for two years and had completed the matched savings program (IDA) so they had money in that account to pay for inspections and closing costs, and then they worked with Portland Housing Center and Home Street Bank to do what’s called a MAP 80- which is a loan where you get 20% of the purchase price from Portland Housing Center, and then 80% from Home Street using the below market rate program the Oregon Bond. The benefit to the buyer is low interest rates and no mortgage insurance.

Once Valerie explained the situation to me, I sent her all of the active listings in East Portland that fit their criteria. Included was an attached home (not a condo!) just a couple of blocks from a MAX station that was priced very well and looked great from the photos. We went to see it right away, and the minute we walked in I could feel Valerie and April just relax. The space was perfect for them, in tip top shape and had a nice sized private backyard with a reasonable amount of a well mowed lawn. By the time we left, there was no hesitation at all from Valerie and April that this was the home for them. We wrote an offer, had it accepted, sailed through inspections and closed on time. And yesterday I had the honor of giving Valerie and April the keys to their very own home, with their very own grass. In so many ways this home is better for them than the condo they had planned on buying- this home cost less, no HOA fees, and it’s own private back yard. Since the home didn’t come on the market until after Valerie and April found out that the condo was a no-go, it’s like it was just waiting for them to be ready to meet their home match.

Winning Woodstock Farmhouse

Every now and then I get to work with incredibly easy clients and I have to pinch myself because they seem too good to be true. Hanne and Andrew fall into that category. They were referred to me by a long ago client, and when we met up to talk about working together, the process of buying a home and the kind of house they were looking for for their first home purchase, their needs were simple. They loved old houses, wanted at least a couple of bedrooms and wanted to be within easy biking distance (easy for them at least) from their jobs in inner East Portland and had a realistic budget. Shortly after we met and they got their pre-approval, I sent them all listings west of 82nd that were financeable and seemed to have some potential. I can’t remember how many listings I sent them- maybe 15-20, and by the next day they sent me back their comments and questions about all of them. One in particular looked intriguing to them- an old farmhouse in the Woodstock area. The house hit the market at the end of September, right when the market flat-lined for a few months. It was now mid-February and had been on the market for five months, seemed reasonably priced where it was at, and the photos made it seem like a cute house. Of course, the question arose of- what’s wrong with it?

To answer that question, we went to take a look. Inside the house was indeed cute! It had tall ceilings, a nice layout and a dreamy upstairs bedroom and den. It had carpet everywhere, but carpet is easy enough to change out. The house was built in 1907, back in the time before bathrooms inside the house were considered a home buyers must-have, so at some point, a bathroom was added to the house, right off the kitchen. For a lot of folks, wanting to have more of a separation between food prep and doing your business is a thing, but it didn’t bother Hanne and Andrew. Plus you can’t actually see the toilet from the kitchen. So the question was answered- really nothing was wrong with the house and Hanne and Andrew found themselves really drawn to the house. The next question was how reasonable would the bike commutes feel, so the next day, they rode their bikes there and back after work. The answer to that question was “reasonable!”. So with both burning questions answered- nothing wrong with the house and decent bike commutes, we wrote up an offer and the seller accepted right away. And that was the only house we looked at.

After their offer was accepted, I noticed in the DEQ LUST (leaking underground storage tank for those not in the know) and unfortunately there was an open file from 2012 where soil samples had been taken, and came back dirty. The soil samples were taken as part of the seller’s home inspection period, but unfortunately, and neither the listing agent or I could figure out how this could possibly happen, but having the seller remediate the dirty soil was not negotiated when the seller purchased the home in 2012. This is the number one item on my buyer’s repair addendum if they do soil samples and find evidence of a dirty tank. I won’t let any buyer of mine in good conscience purchase a home without having the leak cleaned up and a certificate issued stating the work was done to DEQ standards. And most agents are the same way, so how in this green earth the seller’s agent didn’t make a bigger deal out of it when she purchased the home will have to remain a mystery. So at the top of our repair addendum was having the seller get that leak taken care of. Unfortunately, when the remediation folks got in there to get the dirty soil out, the leak turned out to be a lot worse than anticipated. So after taking bucket loads of dirt from under the house (where the oil tank had been) they crew had to go back a couple more times to take more bucket loads. They eventually got all the dirty stuff out of there. We closed a couple of days late because of the soil clean-up, but the sellers are doing a 60 day occupancy after close while they go shop for a new home, so closing was pretty anti-climatic. In a couple of months I’ll get to see Andrew and Hanne again and hand them the keys to their new to them old farmhouse.

A Move Back to the Old Neighborhood

Back in 2011 I sold my buyer Erika and her then husband their first home- a glorious mid-century in Laurelhurst. Since then, we’ve kept in touch and about 5 years ago I worked with her parents when they purchased a dream home on the Willamette. But life has a funny way of going a different path than the one you think you are on, and Erika and her first husband had an amicable divorce. Erika has a new partner, Jake, and they have been living in Gladstone, where Jake works as a teacher. Erika’s kids school, her job and her kids Dad’s house were all in her old Laurelhurst neighborhood, and the commute was eating Erika alive. Erika touched base with me about 4 months ago as she and Jake started thinking about moving back to the Laurelhurst area. We looked at a few houses over a few months, but none were quite right.

The weekend of the great snowmageddon of 2019, a grand old sort-of four-square near the Hollywood District and just north of Laurelhurst came on the market on a Saturday that Erika and Jake wanted to see. Thankfully it didn’t actually snow much in that neck of the woods, so I was first able to show Jake, and then later that evening Erika when she got off work.  The stately 1910 house has grand proportions and on the main floor, and the seller opened up the kitchen to the dining room turning the entire first floor into the greatest of great rooms. From the middle of this space, you can see out windows on all four sides of the house. The seller was a woodworker and built the extensive kitchen cabinetry and built-ins. Erika especially was in love with the house, and Jake loved that Erika loved it so much. It checked all her boxes- bedroom count, layout, style, and most importantly location. It’s just a few minutes away from her kids Dad’s house, their school and her work. Later that night they called me to let me know that this was their dream home and they wanted to put in an offer.

With the threat of snow, the listing agent decided not to do an open house, so we were hoping that not that many people would brave the wild weather to see it. Boy were we wrong. I kept in contact with the listing agent, and within a day of listing it, she was already getting questions from multiple agents wanting to put in offers for their clients. I let Erika and Jake know about the expected multiple offers, but they didn’t want to wait- this was their dream house and even though they knew other offers were coming in, they wanted to get theirs in right away. Knowing that multiple offers were expected, they wrote over asking and I submitted their offer a couple days after it was listed. When buyers know there are going to be multiple offers, a lot of agents and their buyers like to wait until the last minute to find out just how many offers are in, and then advising their clients on how high to write their offer. I spoke with the agent about putting in an escalation clause so that if higher offers came in, that my buyers offer would float to the top. In the end there were 7 offers, but we had put in the first offer and escalation and the listing agent gave us a chance to up our escalation at the last minute, which my buyers did, and they got the house. A few bumps popped up during the transaction that felt like nail-biters, but in the end it all came together. Pictured here is Erika, her youngest daughter and her niece. I’m so thrilled they got the house and as much as I love love love working with Erika, I hope this is the last house I sell her.

Powellhurst-Gilbert Gets Two New Dogs & Their Humans

Ali and Jeremy marched into their search for their first home with determination and motivation. They had realistic expectations of where we would find houses in their price range, and after recently getting married after 10 years together, they were eager to start the next phase of their lives. After we met and they got their pre-approval, they set their eyes on the prize. The first step was checking out a few homes at open houses, and then we went and looked at about 5 homes that could nicely be called dregs. While visiting each house, Jeremy would ask Ali what she liked about the house and what she didn’t. Ali is a bright side sider and she was always able to find something about each house that she liked. By the end of our tour, I had a pretty good feeling for what Ali was looking for. The fact that she was even willing to consider a couple of these homes (like the one that had cigarette burns all through the carpeted house, or the one that had two sets of front doors, but no rear or side doors, or that one with the creepy gun room in the basement), told me that her standards were pretty low. After that day I think they felt resigned to the fact that all the homes under $350k with a good sized yard for Moira and Hubble- their shepherd mix pups- and enough bedrooms and space to start a family in, would be less than ideal.

Within a week, a cute up-dated mid-century with beautiful hardwood floors, a roman brick fireplace, a big open kitchen/dining room and 4 bedrooms and 2 baths, plus a giant fenced yard, came on the market in Powellhurst Gilbert. I met Jeremy at the house the evening it was listed. We walked in and after seeing all the duds, Jeremy seemed genuinely shocked that here was a house in their price range that was pretty perfect for them. Having seen and heard Ali’s take on the yuck houses, I knew she would love this house. I called the agent to check to see when the sellers would be reviewing offers, and she said her sellers would be ready to review any and all offers in the next 48 hours. Ali is a nurse and her schedule was such that she was working 12 hour days the next few days and wouldn’t have a chance to see the house before offers were presented to the sellers. So Jeremy made the executive decision to put an offer in on the house because if Ali was willing to settle for any of the other houses we saw, this home would seem like a golden palace to her. We wrote up the offer, and not unsurprisingly the house received 3 offers. Jeremy and Ali’s offer was the first in, and they wrote a few hairs over asking and included a small escalation clause. Thankfully the sellers liked their offer the best, and when their escalation clause kicked in, they only escalated $2k over their original offer price.

Upon arriving at the house for the home inspection and Ali’s first time seeing the house in person,we were greeted with a bashed in garage door off the back of the house, and two dozen egg shells from recent cooked eggs in the kitchen and some scrambled egg crumbs on the floor, a weird mystery solution in a bottle and an ominous knife. It’s always creepy to walk into a home that has been broken into, but thankfully with the exception of the back door, whoever decided to cook eggs (so. many. eggs.) left the house unscathed. I notified the listing agent and she had someone come out to bolt the door shut until it could be replaced, and we left making sure all locks were locked. After the home inspection Ali and I were poking around in the back yard and we found a few storage tubs, one of which was open and practically filled with egg shells, and 2 closed storage tubs. Since Ali is a nurse, nothing phases her, and I’m pretty hard to shock, so we carefully opened up the lids to the bins expecting to find something terrible, but they were just full of fresh food. (and more eggs- uncooked).

The house remained secure for the rest of the transaction, and after 30 days, we closed on time. And now Hubble and Moira have a pretty sweet large fenced in yard to run around in and Ali and Jeremy have a pretty sweet house to start their family in.

Making the Move From Gresham to Lents

My buyer Bev moved to Portland two years ago, and at the time she moved here, she wasn’t that familiar with Portland so when she decided to buy a condo, she bought a sweet space in Gresham tucked alongside the Springwater Trail and some parks. After a year of living in Gresham, she decided that she would rather live in Portland because the drive for work, friends and everything else was getting tiresome. Last summer she contacted me after being referred by a friend. She had found a cute little 1 bedroom house on a flag lot in the Foster Powell neighborhood. She wavered on putting in an offer, and even came into my office where we sat down to write the offer. As we started to go through the paperwork, she hesitated and decided that she wasn’t ready to buy yet. Four months later she contacted me again because she was now ready to buy a house.

In order to buy a new home, she would have to sell her Gresham home. It’s always way less stressful to buy first then sell, and thankfully Bev was in a position where she could manage to swing two mortgages for a little while, so she was able to take the less stressful option of buying first then selling. In January she wrote an offer on a house that was almost too-good to be true, but felt like if she didn’t actually submit an offer, she would kick herself. And when that offer wasn’t accepted, she just shrugged and moved on. She looked at a few houses over the next month, but nothing quite caught her fancy. And then as she was scrolling through listings, she came across a little bungalow in Lents. Based on the photos, it was hard to tell if the house was going to be cute or what the layout was. The seller is an amazing woodworker and most of the listing photos focused on the extensive crown molding and kitchen cabinets- both of which are beautiful, but you couldn’t get any feel for the house and the exterior photos were really blah. The house was just a few blocks south of Eastport Plaza and on a pretty nice block, and it was priced under $300k. We made an appointment to take a look and when we entered, we discovered a sleeper of a house that somehow fell between the cracks. The inside is lovely with lots of windows, beautiful wood work everywhere, a nice flow and a huge backyard. It’s small, but in great shape overall. After spending about a half hour there, it was clear that this was a perfect house for Bev. We wrote an offer, the seller accepted and the transaction went off without a hitch. She moved in and now we await Part 2- selling her condo in Gresham.

Lucky Buyers Purchase First House on the Block to Get Color TV!

I met Jillian and Nick in early November when they began their house hunting adventure. As mid-century enthusiasts, they knew exactly what kind of house they wanted- open floor plan, huge picture windows, fireplace and preferably a vintage style kitchen. The only problem with having a love for that style is they are far from the only buyers out there looking for that perfect little mid-century in East Portland. About a week after we met they found what they thought was their dream home- as much as they tried not to fall in love, they did anyway and all 8 of their combined heart valves collapsed when the sellers selected another higher offer. They felt they would never get over losing that house, yet they managed to find a couple more homes that they liked enough to put offers in on. Considering all of the homes they liked were priced at or  near the very top of their budget, they didn’t have a lot of wiggle room to go up in price when the multiple offer situations would kick in, so after they lost two more houses, they were heartbroken, but only in a 2-valve way each as opposed to the first house which was a 4-valve heartbreak.

Throughout the journey, I kept promising them that the reason they lost out on the other houses was because they hadn’t found the right house yet. I think they sort of believed me, but after losing out on 3 houses to buyers offering more, I could understand their skepticism. And then the perfect little ranchalow in Hazelwood popped up on the market. Built by a master-plasterer in 1951, the home’s gorgeous stucco siding looks as fresh and new today as it probably did when it was built 68 years ago. It’s like it never grew up and occupies a spot in Neverland where houses don’t age.  The layout is classic mid-century with the public spaces- the living room, formal dining room and kitchen spanning the front of the house and the bedrooms and bathroom spanning the rear of the house. With huge windows, original tile in the kitchen and bathroom and a large roman brick fireplace in the living room, the house feels homey and familiar. The home went on the market on a Tuesday, we saw it that night, and Jillian and Nick were head over heels- even more so than the first house that had broken their hearts. We wrote an offer the next day and by Friday there were multiple offers. During that whole time Jillian and Nick held their breaths. We submitted an escalation clause with the offer because we knew that if they liked the house so much, so would others and they really didn’t want this one to fall through their tender grasps. On Friday, the seller reviewed all of the offers and since they knew how much Nick and Jillian wanted the house- and being the first offer in definitely helped, the seller chose their offer, and they only had to escalate up a small amount.

While the home was in escrow, my buyers did some research on the house’s history, and they learned that the original owners who had built it never had kids, but they were the first house on the block to get color tv. And the first movie the neighbors all gathered around together to watch? Peter Pan of course.

JUST LISTED: Spacious and Serene Gresham Condo

Beautiful 2-bedroom 2-bathroom unit in the Linnemann Station Condominiums. With 9’ceilings and large rooms, this rare end unit floods with light from south facing windows that look out onto Jenne Butte Park. Enjoy the well maintained clubhouse, pool, hot tub, work-out room, as well as a private entrance to the Springwater Trail. This upper unit has brand new central A/C, lots of storage, an oversized attached garage and a private balcony.

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So Long Longfellow’s. Hello Books With Pictures and SE’s Newest Food Cart Pod!

Katie is my across the street neighbor, the mama of my older son’s best friend and someone who I feel ridiculously lucky to be able to call her a dear friend. We met nearly 9 years ago when my husband and I were on a walk around our neighborhood, Ladd’s Addition, with our then 2 month old packed tightly into his ergo. Katie was hanging out in her front yard with her rosy cheeked son who at almost 6 months old was sitting up and smiling and playing with dirt and grass, while our son was still a little bean who had just recently started smiling. At the time, Katie lived 2 blocks away from us in a rental house. I liked her from the moment I met her, but at the time, it felt like the age gap and development difference of 4 months between our sons seemed like a distance too far for our young sons to traverse and form a friendship. We waved and said hello as we saw each other from time to time in the neighborhood. About a year after we met her she wound up buying the house across the street from us, and by that time my son and her son had bridged the development gap and started playing together, and have been thick as thieves ever since.

About three years ago Katie combined her impressive business, organization, planning and research talents with her passion for books and comics and opened the much adored Books With Pictures shop on SE Division at 11th. All the while she harbored fantasies of one day being able to buy the triangular shaped Longfellows Book Store building at 1401 SE Division St. and move her shop into that special building. Fast forward a couple of years, and after Katie became a newly single mom, she toyed with the idea of selling her home and moving  to a smaller house, but her location in Ladd’s Addition- across the street from our family, a couple of blocks from New Seasons, 6 blocks from her shop and a couple of blocks from the elementary school where all of our kids go to school made the idea of moving away from the neighborhood complicated.

In January of 2018, the longtime owner of Longfellows, the bookstore at 1401 SE Division passed away. The building is only a few blocks from Katie’s home, across the street from Abernethy Elementary where all of our kids go to school, and three blocks east of her current shop location. A few months later the building owner’s son who worked with his dad at the bookshop, closed the shop and put the building on the market. The main floor of the building is retail along Division, and upstairs is a gorgeous 3 bedroom apartment with gorgeous views of the west hills, downtown and the street below. Over the years Katie had developed a friendly bookstore-owner to bookstore-owner friendly relationship with the son, and when he decided to put the building on the market, his vision of the perfect buyer fit the exact description of Katie and her shop.

He let Katie know that he was putting the building on the market, and suddenly all of those fantasies of buying the building, moving her shop into the downstairs retail space and moving her family to the apartment upstairs coalesced into a cohesive plan to purchase the building. The seller wanted to sell to Katie, as he felt she would be the perfect steward to carry on the legacy of the building as a bookstore. So with willing buyer and seller, the next hurdle was financing. Katie wasn’t in a position to be able to get a loan to purchase the building on her own. After examining and thinking and mulling and  it over and talking to folks in her vast network, she decided that if she could raise enough money from investors and sell her home, plus work out some creative seller financing strategy, she would be able ti potentially have enough money to purchase building. For 99.9% of people, this would have been where the dream ended, but Katie is a force of nature  who occupies the center of a talented social and business network and when she sets her brain to do something, she knows all of the right people to help her get it done.

The current location of Books With Pictures at 1100 SE Division is next to Pine State Biscuits, and a large portion of her first time customers stop by her shop as they are going to or from Pine State. Understanding that the synergy between her shop and a popular dining spot created a steady stream of new customers, she decided that part of the picture would involve creating more spaces for tenants offering food. The unique and iconic triangle shaped building sits at the edge of its lot and has a large asphalt parking area taking up the rest of the lot. Katie figured that if she could turn the parking lot into a food cart pod, she would then be able to collect rent from the food carts, and create a destination for folks to visit who weren’t necessarily planning on stopping by her shop, but since they were there, they might as well go in and buy a comic book. The building’s basement is huge, and she saw potential there for a retail tenant that doesn’t require natural light. By late December, she had a solid business plan, a framework where investors could buy shares in the building, and raised enough money on paper to be able to pull it off, and by Christmas Eve she was in contract to buy the building.

Though I have never done a commercial sale before, Katie put her trust in me and together we embarked on a crazy journey that involved tears, laughter, and in the end, nothing but gratitude for everyone involved in helping her make this happen. As exciting as the part about moving her building into real estate she owns, the equally exciting (and scary) part of what made the purchase of the building so appealing was the upstairs apartment. Not only would this be a giant leap as a business owner, it would also be a dramatic change from living in a house with a big yard in the middle of Ladd’s Addition and solve the problem of not leaving their ideal location. As a broker versed in residential sales, the actual sales process of this commercial transaction wasn’t all that different than what I’ve been doing for more than a decade. We had her inspections, negotiated repairs and credits for future repairs and then spent the next two months moving through the transaction. During this time, Katie juggled the management of at least 4 different aspects of the purchase including setting up the LLC and shares with an attorney, figuring out what needs to be done to the building to get it to the point where she can move both her home and shop into it, navigating the complicated food cart pod permit process and raising money from investors. All the while she is still running her bookshop and parenting 2 elementary age kids. And sometime doing the clean up phase, the seller found an old business card for a business that had been located in the space in the 1970’s. And the name and nature of the business? Serendipity Comics, a woman owned comic book shop.

I am extremely grateful to Katie for putting her trust in me and allowing me the opportunity to help facilitate the transactional side of  going from pipe dream to the owner of a full on mixed use commercial building. Just getting to be a small part of the machine has been a highlight of my real estate career, and I could not be more proud and in awe of what my dear friend has accomplished.

Over the next few months Katie is going to be having work done to renovate the apartment upstairs so she can move in with her kids, while simultaneously getting the shop space below and the parking lot readied for her shops big move and for a small 6 cart food pod. She has found a tenant who will be moving his record store down from Seattle into the building, so between her book shop, the record store and the food carts, she is creating a little pie of paradise for the neighbors and beyond. She hopes to have the food carts open by this summer, and we know that this little slice of SE Portland will serve as a neighborhood gathering place for folks who live and work in the area, as well as those who are just driving through. If you want to support Katie and her next phase of the project, keep your eye and ears out for a Kickstarter campaign starting soon. She will be offering gorgeous prints to folks who pitch in financially to help raise funds to build out the new space, and hopefully by next fall, a new and improved Books with Pictures will land in it’s permanent location in the beautiful triangle building at SE 14th and Division.

Thankful for Bad Listing Photos and a Chain-Smoking Seller

Four years ago I helped my buyers Megan and Christian purchase a home off NE Alberta. At the time they bought that house, it was a 2 bedroom 1 bathroom with an unfinished basement and attic, with the only way to access the attic through a pull down ladder from a hatch in the hallway. Over the last four years they have converted their basement into a lovely apartment and finished their attic with a master suite and added a spiral staircase for access. Christian has a construction and carpentry background and did most of the work. Being perpetual project taker-onners, they decided they were ready to purchase a second property to have as a rental, and since they excel at and enjoy sweat equity, ideally they wanted to purchase a home that had an unfinished basement that was suitable for turning into an ADU.

We looked at a couple of duds, and then Megan sent me a listing to a house in close-in SE that had been on the market for 3 months. While the price was unbeatable at $350k, the house was on a busy street, but it’s in a residential section so on a scale of 1-10 of busy street living with 1 being great and 10 being awful, this one is about a 3. From the photos, the house looked dingy, cluttered and in need of a lot of updates and deferred maintenance issues that needed addressing. Given the price and location, despite some misgivings, we went to go see it with pretty low expectations. Upon just opening the front door of the home, we were greeted with a waft of longtime smokers house odors. A good lot of buyers would have turned around and walked out the door at that point. Being seasoned home remodelers, the smell didn’t dissuade Christian and Megan. Washing the walls with TSP, removing carpet and drapes and then repainting should rid the house of the smokers smell. After all, nearly every old house had a smoker given how prevalent smoking used to be. We stepped all the way into the house and lo and behold the house was a pristine mid-century with original woodwork, an ideal layout, beautiful hardwood floors, a formal dining room and original kitchen cabinets that just needed a good scrub down. The walls were dingy from nicotine and the smoky smell permeated everything but underneath all that was a gem. We made our way to the basement and discovered a beautiful basement. Built in 1955, the foundation was built like a tank and the basement ceilings were close to 8′ tall- perfect for finishing. For toppers, the house was in great condition and the roof was brand spanking new.

I have a lot of buyers looking for that perfect mid-century with the fireplace, hardwood floors, and simple layout, and  after seeing it in person, it was hard to believe that no one had snatched it up in three months. After grooving with the house, we collectively decided that the biggest issues with the house were poor listing photos which most likely put off most buyers who would have been interested and the smokers smell for those who actually made it to the house to see in person. After sleeping on it, Megan and Christian decided to go for it. They wrote an offer, had it accepted, sailed through inspections and after the seller secures his next housing situation, Megan and Christian can begin the process of turning the basement into an apartment. After spending a month falling more in love with the house, they’ve decided that they will probably rent out their home in Alberta and then move into this house for at least a year so they can finish the basement apartment without disturbing tenants. And who knows, maybe after spending a year in the house maybe they’ll decide they like living in SE and stay put.

Vista Pearl North

Last fall I helped out some fantastic buyers, Rachel and GT and their little kiddo buy their first home in Portland after having recently relocated here from New York City. They love living here and Rachel’s mom Carolyn lives in Seattle and has been a frequent visitor. This past summer Carolyn decided to sell her home of 47 years in the Seattle area and buy a house here in Portland so she can see her grandson as often as she likes. Once Carolyn made the decision to move here, Rachel and GT put her in touch with me, and off we went.

Rachel and GT live in a classic 1920’s bungalow in North Portland, and Carolyn initially thought she wanted to live within a 5 block radius of Rachel and GT. Within the first week of looking, we found an absolutely charming to the hilt early 1900’s Victorian cottage 4 blocks away from Rachel and GT. Carolyn put an offer on it, beat out 12 other buyers and looked forward to living so close to her kids. And then came the inspection. For a house nearly 115 years old, it was in great shape, but the house was 115 years old. After some soul searching, Carolyn decided that as much as she loved that house and the idea of being so close to her kids, when rubber met the road, she decided that she didn’t want to deal with old house stuff and she wanted to live surrounded by others in a condominium community.

A few months after that, Carolyn contacted me again because she had read an article in Alaska Airlines magazine of all places about the Pearl District’s newest condo building, the Vista North Pearl.  The building was nearing completion and after reading about it, the idea of it really struck a chord with Carolyn. It really isn’t that far from the Pearl District to Rachel and GT’s North Portland house, and by living in a condo she would be surrounded by people she can build community with as well as being able to walk out the door and be in the middle of all the vibrancy of the Pearl. We made an appointment to tour the building and see a unit she was particularly interested in. Once we saw the unit, it took all of two seconds for Carolyn to decide that buying a condo in the Vista Pearl North was the plan. The condo unit she chose looks out onto the west hills with side views of the Fremont bridge and the Willamette River. Unique to this condo building is that on the units that have outdoor decks, these decks are some of the largest in the Pearl. Carolyn just closed on her unit, and though she won’t officially move into it for a few months while she ready’s her home in Seattle for sale, once she does make the final move I know she is going to love living here.

Turning a No-Cause Eviction Lemon Into Homeownership Lemonade

When my buyers Kelley and Satomi first contacted me in early November the panic in their voices was palpable. A couple of weeks before they had unexpectedly been given a 90 day no-cause eviction notice from the home they had been renting in the Alberta area. Once the initial shock of receiving that notice wore off, they decided to see if they could make the move from being renters at the mercy of landlords to homeowners, despite the fact that they hadn’t planned on buying a home anytime soon and didn’t have a lot in savings to be able to make that  happen. In the couple of weeks since their no-cause eviction notice, they were able to get themselves a pre-approval letter from Umpqua Bank using the Oregon Bond rate advantage loan at 3.65% in combination with a second loan (called a MAP- mortgage assistance program) through the Portland Housing Center. I met them on a Saturday, and along with their 3 year old daughter we looked at a few homes on Sunday including a nice skinny house in Mill Park. By Sunday evening they decided to write an offer on the Mill Park skinny which was at the very tippy top of what they were approved for, but given their family’s needs, the 3 bedroom and 2 1/2 bath the home was listed at a price almost too good to be true for them. On Monday, we wrote up a full priced offer, and by Tuesday, the sellers accepted. Phew.

Once the sellers accepted their offer on Tuesday, I immediately sent over their sales agreement to lender extraordinaire Jennifer Leon at Umpqua, and she contacted Oregon bond to lock in their 3.65% rate. First thing Wednesday morning we received an email from Jennifer letting us know that the rate on the Oregon Bond had gone up 1/2 point over night, but fear not because Kelley and Satomi were locked in at that 3.65% rate. Given that rates have risen nearly a point over the last  year, the days of the below 4% rates are most likely over and won’t go back under that 4% in our lifetime. So not only did my buyers slip in just under the wire, they were the very last buyers to be able to use that rate with Oregon bond. There were so many ways that this whole situation could have transpired so very differently. Had their offer been accepted only a day later, the rise in the interest rate would have put their home out of reach. Had they not found a great home in a great area that was priced incredibly well, they would have been scrambling to find a decent home under $300k. Had the inspection gone south, they would have been thrown back into the mercy of the home price winds. But thankfully, everything went according to the best laid plan.  And when the appraisal came back nearly than 8% higher than the purchase price (I can’t recall ever seeing that happen before) it was yet another sign that the stars had aligned for Kelley and Satomi.