5 Tips Before Buying a Home

BEFORE you buy a home, know these 5 things 👇

#1. How much you’re approved for if you’re financing and how much of your monthly budget do you want to dedicate to your housing costs?

#2. If you’re financing, be sure to talk to at least 2 lenders to compare products and rates.

#3. Find a realtor who is knowledgeable about the neighborhoods you’re looking in and that you connect with. Buying a home can be an intimate process so it’s important to feel aligned with your realtor’s “style”.

#4. How competitive is the market for buyers right now? Having perspective before you start shopping can help make the process smoother.

#5. What are the top things you’re looking for in a home that you AREN’T willing to compromise on?

If you live in the Portland area and need real estate guidance – whether that’s to buy or sell, get in touch with me. I’d love to chat and see how I could help!

Unsure of what to do in a shifting market?

You’ve heard by now how fast interest rates are rising. From the thick of it, I can tell you that, yes, buyer traffic is slowing down because of it. If you’re a buyer, you may feel like the homes within your new budget are all of a sudden less “desirable”. But I must say, even though we still have extremely tight inventory, about a quarter of the homes I’m seeing on the market are going through a price reduction right now. Take heart! For the savvy buyer, there is still a lot to be gained.⁣
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Remember that interest rates fluctuate, and what we experienced in the last two years was anything but normal. This sharp increase in rates may have you reeling, but overall this will contribute to more stability and predictability to the market we all could use.⁣
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I empathize with you — no one likes a feeling of instability. If interest rates have you doubting your decisions, here are a few ways I can support you. I’m always open for a call, but if you’d like something a little more low-key, you can sign up for my newsletter where my lender partner and I keep you updated with everything you need to know about market movements in order to make an informed decision. Email me and I’ll add you to the list.

My friends buy the coolest houses

Congratulations to my sweet friends! All the stars aligned for them to buy an amazing house in one of the craziest markets. From a casual Saturday house tour with our babes and coffee in hand to finding “the one” in a hot Portland second. I look forward to many half a block walks to Wilshire Park together, wonderful vegan dinner soiree’s and basement dance parties in your new home.

Cheers Eleanor, Elias and Vincent!

Moving to Lake Oswego’s First Addition Neighborhood

Congratulations to Deb and Bill who just closed on this extensively remodeled home that backs up to so Tyron Creek! After deciding to make the move up here from Ashland, OR they took a quick road trip to scout out the different neighborhoods and quickly settled on Lake Oswego’s First Addition. The next day we found their house! Now they get to enjoy easy access to both trails and coffee!

Just Listed: Easy Living Ranch in Mt. Scott – Arleta

This small but mighty ranch style home is a great example of easy living. Wood flooring leads you through the functional floor plan with coveted 3 bedrooms and 2 updated bathrooms. New heat pump allows you to enjoy a cool retreat from hot summer days, and cozy warmth during the cool fall mornings, the fireplace welcomes gatherings on a snowy night. Enter the open kitchen, designed to accommodate plenty of storage while offering granite counters and stainless steel appliances. The dining room slider takes you to the fully fenced backyard, offering a covered patio for entertaining in rain or shine and enjoy some social distanced late night fun with the new pĂŠtanque court! The spacious 2 car garage plus attic offers plenty of storage for gear and space for future projects and is equipped with a 220-V electric car charger. In the heart of the Mt Scott-Arleta neighborhood with the walk/bike score of 76/75, this is a prime location to enjoy the shops and dining on Foster, grab your bike to head to Mt Scott Community Center, or take a walk to nearby Laurelwood park, all steps away from your front door!

3 bed | 2 bath | 1104 sq. ft.
MLS# 20389571 | Taxes: $4,278.62 | Lot Size: .10 Acre

 

Just Sold: Eclectic Victorian Farmhouse

Eclectic Victorian Farmhouse tucked into one of Portland’s coolest neighborhoods.

Vintage and modern co-mingle to create a NoPo Victorian that feels both historic and fresh. Antique/reclaimed lighting, crown molding, custom bench seating and refinished original oak floors blend seamlessly with copious gorgeous updates throughout. The kitchen has beautiful new maple butcher block countertops, soft close drawers and doors, ceiling fan and custom-built wooden wine rack. One bedroom on the main floor with refurbished original wood doors and hardware, plus a large closet and built-in shelving. Unwind in the refinished vintage cast iron clawfoot tub in the knockout bathroom that also features premium tiles, custom vanity with gorgeous wood sink and large tri-fold mirror medicine cabinet.

Upstairs, the large landing area would be perfect for a playroom or office. The bright master bedroom has new carpet, ceiling fan, fresh paint and a walk-in closet. A second upstairs bedroom includes premium cork flooring, large closets and new ceiling fan.

 

Escape to the state-of-the-art home theater at the end of the day in the beautiful recently remodeled basement pre-wired for Dolby sound system and projector. Enjoy refreshments in the bar area. The lower level would also make a luxe ADU with its own bedroom with extra large daylight egress window, full bath with stylish modern shower and brand new front load washer and dryer. Plus, a large storage room with custom door and deep freezer perfect for canning the garden’s summer bounty.

Outside, the abundance continues with an extensive edible organic garden of apple, olive, pear, fig, persimmon, raspberry, chokeberry, huckleberry, a strawberry patch and so much more! Previous owners had chickens, ducks, rabbits and a beehive. Potential to create your own thriving urban farm with professional landscape design master plan that comes with the home! All brick for paths and patios were reclaimed from demolished North Portland homes. The fenced yard also includes a shed and plenty of space for off-street parking.

 

Rest easy thanks to extensive system upgrades to the whole house including new plumbing and electrical for future upper level bathroom, new hot water heater, radiant heated flooring in the basement, seismic straps bolted to foundation walls, among many other features.

 

Located between all the best spots on N. Interstate and Mississippi, this home is a perfect combination of timeless vintage design and modern Portland living.

Industrial Irving Street Lofts with a View of the City

Congratulations to Todd who so patiently waited to find the perfect unit in one of my favorite buildings in the Pearl. One day on the market and we got it this sleek top floor unit under contract for under asking price. Sometimes it pays to wait.

Just Sold: Historic Head-turner in NW Portland

2076 NW Kearney St, Unit 3 Portland, OR 97209 

Own a piece of Portland’s history with this Colonial Revival masterpiece. Set proudly above the street, this architectural grande dame is just two blocks from the heart of NW 23rd. Two bedroom unit newly renovated for contemporary living with exquisite attention to detail and historical preservation. Open concept kitchen features new sleek backsplash, quartz countertops, and floating shelves. Gorgeous original details including picture-rail moulding, millwork, fir wood floors, claw foot tub and lovely stained glass window. This unit has fresh paint throughout and brand new stacked washer and dryer. Large communal balconies perfect for balmy summer evenings. Building includes bike and deeded storage, as well as property tax abatement through 2024. 98 walk score and 96 bike score, right around the corner from the streetcar, Salt & Straw, Papa Hayden, Trader Joe’s, and so much more!

2 Beds | 1 Bath | 1042 sqft. | Sold for $479,000

Just Listed: Perfect Portsmouth Bungalow

5254 N Princeton St. Portland, OR 97203  

Beautiful built-to-last bungalow nestled on a large corner lot across from Portsmouth Park. Savor summer with a glass of lemonade on the front porch swing. Inside, this thoughtful Portland classic honors the home’s history with crown molding, large leaded glass windows, vintage light fixtures, and original hardwoods. Sunny kitchen features an island and cheery breakfast nook with gorgeous original built-in. Four bright bedrooms and two full baths. Plus, plenty of ADU potential in the inviting finished basement with its own private exterior entrance, or the oversized two car garage! Expansive fenced yard with lovely landscaping. Excellent location near Lombard dining, shopping, and just up the street from University of Portland.

 4 Beds | 2 Bath | 3210 sqft. | Offered at $650,000

How to Buy a Home Virtually

Brice and Crystal moved to DC for 2 years just so that they could up their salaries and finally afford to buy a house in Portland. Our first conversation took place over the phone as they were finishing packing and preparing for their flight home to Portland. They expressed how excited they were to finally get to tour homes in person after spending the last year scouring listings on the internet, and that there was on in particular that really caught their eye that they wanted to look at once they arrived in Portland. That’s when I had to tell them that everything they thought about how their first home buying experience was going to be would be completely different, because with COVID-19 and the brand new Stay at Home orders our working policies had shifted completely and we couldn’t tour homes like it was any old Saturday.

We did successfully win a multiple offer situation, negotiate repairs and close on an amazing home in Overlook that is a 5 minute bike ride from their best friends house, all without ever meeting in person (which to be honest did feel a little strange). We “walked through” the home using a 3-D tour and did a condensed version of a my unofficial Portland Homes 101 talk, and then talked for hours about the house before they eventually decided it was the one and they wanted to write. By then it had turned in to a multiple offer situation and we had to act quickly, and I spent hours talking to the sellers’ agent convincing her this was there house and the sellers just needed to say, “Yes.” There are times when the race is tight and you really have to hustle and sell yourself as an agent to get the deal done to the co-op agent, as well as sell your buyers as the ones destined to inherit the home. And in a time of uncertainty this was the winning component of their offer. So even though buying a home during a pandemic is a complete new experience for all involved, we are all able to evolve and still make the right move at the end of the day.

 

BUYING A HOME VIRTUALLY

Take a 3-D tour with your agent. There is a lot you can learn about the house on a 3-D walkthrough that does not show up on the photos. An experienced agent will be able to walk you through and help you decipher the house.

Talk it out over coffee (but on the phone). This doesn’t change much, you are still going to want to talk through all the pros and cons with your agent, only you get to do it from the comfort of your own home.

Electronic Signatures. Thank goodness for programs like Docusign.  We’ve been using them for years now, no wet signatures needed and everyone gets a copy of all the documents.

More talking. Most REALTORSÂŽ these days can build report and do multiple transactions together without ever meeting in person. We negotiate and navigate the transaction all through phone and email.

Solo inspections. All inspectors do their work solo, and either email the results or FaceTime with the buyer to review the findings. It doesn’t allow a buyer to take a second look at the property, but they still get to learn all the flaws of the home.

Notary signing. The lenders require a wet signature for loan docs so in this case a notary can come to you for signing.

Keys while social distancing. Your agent can toss you keys on the front lawn, or set them on the porch (perhaps with some Costco size sanitizing wipes, being the latest trend in house warming gifts). Basically there are options.

 

 

Congratulations Brice and Crystal!

Just Listed: Bright Condo Steps From NW 23rd + Forest Park

The Thurman House unit 203

This bright and airy corner unit is the perfect place to unwind as you take in views of the West Hills. Beautiful fir floors lead you through the open floor plan to the sunbathed living room with french doors. The kitchen features contemporary finishes, with stainless steel counters and breakfast bar. Master boasts corner windows, walk-in closet and en-suite jack-n-jill bathroom. This boutique building is perfectly situated between popular NW 23rd Ave and the trails of Forest Park.

 

Offered at $455,000 | 950 sqft. | HOA Dues: $400

Just Sold: Industrial Style Loft in the Pearl

Street Car Lofts Unit 211

Industrial style loft overlooking a lush courtyard garden in the heart of the Pearl District. Bright floor to ceiling windows, polished concrete, walk-in closet, spacious bathroom & in-unit laundry make this the perfect retreat. Building amenities include on-site fitness center with city views, community room with cozy fireplace & courtyard with BBQ. Deeded parking space & storage. Steps to the streetcar, shops & top rated restaurants.

$282,000 | 469 sqft. | HOA Dues: $243/mo