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.

Darling Grant Park Bungalow

Just Listed: 1809 NE 32nd Ave

Offered at $565,000

1809 NE 32nd Ave, Portland OR 97212

2 Bed | 2 Bath | 1880 SF | MLS# 21250324  | Taxes: $4,589

OPEN HOUSE: Saturday 7/10 2pm-4pm

Welcome to this dreamy Bungalow with character galore, perched perfectly on a corner lot! Located in one of Portland’s most sought-after neighborhoods, you’ll be immediately drawn to the classic front porch, gorgeous landscaping and timeless features.

As you enter the home, you are greeted by an expansive living room and dining room which feature hardwood floors, fireplace and classic millwork. This space is perfect for entertaining or just spending an evening in front of the fire. The large dining area situated at the south end of the living room features a stunning bay window overlooking greenery.

Flowing nicely from the dining area into kitchen you’ll find a gas range, stainless steel appliances, fun & colorful tile and an ample amount of storage. The cute breakfast nook off the kitchen is a wonderful spot for morning coffee!

The layout of the home is ideal, offering 2 bedrooms plus one full bathroom on the main level.

And making your way downstairs you’ll find a clean and spacious finished basement with 2 bonus rooms and one more full bath! So many possibilities with the bonus spaces, one of which includes built-in shelving. Either room could easily be imagined as a media room, home office, schoolroom, art room… really, the possibilities are endless!

Exiting through the south side or through one of the bedrooms on the north, you’ll find a beautiful garden oasis waits for you outside! The backyard is fully fenced providing the perfect blend of privacy and space. Gorgeous, established landscaping surrounds a darling patio and deck- great for entertaining!

A short walk to so many amenities: Grant Park, New Seasons, restaurants, drug store, etc… plus Hollywood shopping district is nearby. Enjoy all this wonderful neighborhood has to offer! So much to love in this well-maintained and inviting Grant Park Bungalow!

Some things were just meant to be!

Congratulations to Brittany, Ryan & Marcia!!

 

I had such a lovely time working with Marcia, Brittany & Ryan! They were so very put together and focused throughout the process. We looked at a good number of homes although it wasn’t long before Brittany knew ‘This is the ONE’!

As you know, we are in a Seller’s market and it’s not likely that all issues will be addressed in a home purchase these days. Luckily we were matched up with great Sellers and we were able to negotiate a sizable credit to repair some important issues. Nothing makes me happier than knowing my clients will have a smooth transition into their new home and not have to worry about major repairs.

It’s so important to me that my clients have a great experience and are happy with the whole process and know that I’m there for them every step of the way!

Cheers to Brittany, Ryan and Marcia!

Striking a Balance on Mt. Scott!

Congratulations to my clients, Ty and Morgan, on the purchase of their new home on Mt. Scott!

Ty and Morgan were introduced to me by a mutual friend. They were open-minded about where they wanted to put down roots. Huge music lovers, they loved living in a city with so much good live music passing through, but were also open to having more space a bit further out.

Our search took us from North Portland to SE to Gresham, Happy Valley, and even Molalla! With each visit, their vision became a little clearer. Space, but not acreage. Updated, but with vintage charm in tact. Open to sweat equity, but not in a home untouched for 30+ years.

Our first offer could not compete with the 13 others that were submitted. It was a useful experience, however, helping Ty and Morgan recalibrate their expectations and sharpen their focus.

A few weeks later, we honed in on a nearby property that was a little rougher around the edges than the first, but move-in ready with lot of project opportunities. The house was on 0.4 acres, perched on Mt. Scott with a view of the city, and with a detached mother-in-law unit!

Our creative offer beat out 4 others, and during our due diligence period we were able to negotiate a $5000 credit to put toward some electrical and other minor repairs. Ty and Morgan are already lining up out-of-state visitors for the next few months, one of whom is their contractor best friend. Cheers to Ty and Morgan – let the summer BBQs and passion projects commence!

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.

Sweet Kenton Cottage

Just Listed: 1816 N Watts St

Offered at $419,000

2 Bed | 2 Bath | 1135 SF | MLS# 21620220| Taxes: $2619 

OPEN HOUSE: Saturday 6/26 10AM-12PM

Video Tour


Check out this cutie pie in the heart of Kenton! Filled with charm and character plus a huge yard, just steps from downtown Kenton!

 

A sweet front porch and lush landscaping will catch your eye upon arrival. As you enter you’ll find a lovely living and dining room- perfect for entertaining or just spending an evening in front of the gas fireplace. Tons of natural light, classic woodwork, hardwood floors.

So much original character and the darling kitchen is very efficient and bright. Enjoy the dedicated dining area with a large picture window and hardwood floors.

The layout is perfect for a home of this size, there are 2 light-filled bedrooms on the main level and a large bonus room in the basement with 2 large egress windows and full bathroom.  This could be a 3rd bedroom, office, media room, home school room, yoga room… really, the possibilities are endless!

Backyard oasis feels very private and is brimming with beauty!

Well maintained with so many updates including triple pane vinyl windows, blown-in insulation in the floor, walls and ceiling, tankless gas hot water heater, earthquake straps, updated electrical panel and 95+ furnace. This house received a 10 on the Home Energy Assessment!

This location is absolutely ideal! Situated on a quiet street with light traffic flow just steps to downtown Kenton, the farmers market, restaurants, shops and the MAX yellow line. Convenient access to I-5 and a bike score 96!

JUST LISTED! Colorful Cozy Casita in NE!

This charming home has large bedrooms, tons of closet space & newly redone bathroom with new floors, vanity & sink. The kitchen has new flooring, range, countertops, sink & brand new Olympia 5 stage water filtration/reverse osmosis system. Nest thermostat, gas furnace and AC! Gorgeous, fully fenced yard boasts color year long & comes with, 2 sheds & raised garden beds. A fully roofed & screened patio makes a great catio or the perfect place to set your hot tub!

260 NE 190th Portland, Ore. 97230 ~ Listed at $369,000

2 bed | 1 bath | 1008 sq. ft. 
MLS# 21612375 | Taxes: $2525 | Lot Size: .16 Acre
*DO NOT DISTURB OCCUPANTS. SEE RMLS FOR OFFER/VIEWING INSTRUCTIONS*

Badass moves north

Shadiin is the kind of person whose vibrancy is contagious. It was simply a joy to be a part of her process as she transitions to this next phase of her life. With her kids moving away for college, Shadiin was able to focus on her own values and needs in her home search and made the decision to leave Eugene for an amazing job opportunity in Portland. She wanted a place where she could host large family gatherings, have a space for her kids to stay when they visit from school, and if possible, have enough room to entertain the possibility of an AirBnB and income potential. We are beyond thrilled to see her close on a home today that HAS IT ALL. It’s such a privilege to advocate for our amazing clients.

Holding out for happy

Jen and Donny were past clients that we had the joy of helping find their first home – a home that has served their growing family for many years. But in anticipation of the kids getting older and all of life’s expanding elements, having a flexible space with room to stretch felt like a crucial next step. It’s true that in some sense the farther outside of inner Portland you travel, the more house you will get for the money. But in ever changing Portland, the allure of this has not been lost on the general public and peripheral Portland areas are no exception to the competition. Jen and Donny had a few hard losses, but in the end their resilient attitude and pragmatic approach landed them a home in their ideal neighborhood in Happy Valley.

Clarity

Starting their search immediately felt daunting and led to a lot of soul-searching to determine what would be the best path for them.  A home further out with the potential to grow into, or a smaller home closer in.  Both of these options had their appeal, but every time they came home after touring they felt the condo they were renting suited their needs more than anything we had toured. This was overwhelming and ultimately led to taking a break on the entire search until options started popping up in their complex.  The excitement and clarity that came with exploring condos for sale in a place they already called home sealed the deal.  We became laser-focused and found the one to call home!  There is no better joy than to help such wonderful people navigate options and arrive at such a clear path to success and happiness.
Jessica
Patient, Helpful, Cheerleader

Gorgeous Green Hills Property

 

Congratulations to Sophie & Patrick!

I’m not sure if many of you know this about me, but my first love was actually Architecture. I studied at Iowa State University and worked as an Architect for over 6 years before making the switch to Real Estate in 2004. It really comes in handy to understand engineering and materials when I’m helping just about all of my clients. Although in this in this situation it really came in handy that I have a degree in Architecture because Sophie and Patrick were interested in finding as much land as possible, as close in as possible to build their dream home. They found a gorgeous acre in the Green Hills neighborhood! And we were able to talk shop and confirm it’s a great spot for their next big chapter. 

I’m so thrilled to be able to help them and I’d love to work with anyone you know who might need my expertise. 

 

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!

Bernadette, wishing you lots of love and happiness in your new home!

Congratulations to Bernadette!

I’m so happy to give keys to my best friend, Bernadette! We found her a great house in a wonderful location. I just know that she’s going love living there! It’s a cute 3 bedroom with a great yard and tons of light! I wish her all the best! -Cheers!

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.

Staying grounded amidst market frenzy

A home is often the largest purchase a person will make in their lifetime. It can feel counterintuitive to spend such a large amount of money as a means of saving and investment, particularly when you are a first time home buyer. It can be a great choice for the future, but it is not necessarily the right choice for everyone. We want our buyers to feel informed and empowered within the home buying process, relieved of the frenzy of the market enough that when it comes time to decide on a home, it can be a decision made with calm and eyes wide open.

Central priorities

An avid biker and walker, Ellen knew she wanted to stay close-in to limit her time in the car as much as possible. She was willing to sacrifice size for proximity, so when an inner SE bungalow, with functional living spaces and the bonus of a livable basement came on the market, it was easy to envision making this her longer term home.

Focus on the dream

After dipping their toes in the market for months, it was time to get serious about their search. Home prices were rising and an already challenging market was becoming even more difficult to compete within. Kristen and Matt bumped up against some roadblocks and withstood heartbreak during the offer writing process, but weathered the setbacks and have found an amazing home for their family. It is always so rewarding to see such diligence and long term commitment pay off. We are thrilled for them.

Here’s the Start to a Wonderful Adventure!!

Congratulations to Shannon & Cesar!

Yaaaaay!!!

We just helped some very special people buy a very special house! Cesar and Shannon were amazing clients. They did everything necessary to jump into a crazy housing market and succeed! We looked at quite a few houses and only lost out on one along the way. It turns out that Cesar and Shannon are quick learners. So after losing that one, we were soon back on the saddle!  With their feet now wet they were ready to put together a sharp offer on the next property. And they got it! 

I wish them all the best in their new house! It has a lovely yard in the front and the back. Plus a really cute updated kitchen. Cesar loves to cook, so I know they’ll have a great time in that kitchen!

Cheers!!

 

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.

 

Backup for the Win in Woodstock!

Congratulations to Jewelie, Andy, and their sweet pup Odessa on the purchase of their new home in Woodstock!

Jewelie and Andy had been having a rough go of it in this Sellers’ market. Last summer, they sold their NE home of 30 years with a different agent. They were tired of living on a busy street, and were ready for their next house project. Purchasing a home proved to be a more difficult task than selling.

Jewelie and Andy worked with two realtors prior to reaching out to Living Room Realty. They had put offers on eight homes with no success, and felt that their agents were not advocating for them. When we were connected, I explained the realities of this market, but swore to them that I would do everything in my power to help them secure their next home.

Since they had sold their home last summer, Jewelie and Andy had been living in a rudimentary cabin out by Mt. Hood. Therefore, we had to be strategic about timing their trips into town to coordinate when most new inventory was hitting the market.

After seeing the first few homes with Jewelie, her love of older, classic Portland homes became apparent. She would gush about the details and in-tact finishes of historic homes. We saw several homes that would be considered “updated” or “turnkey,” but it was the rougher-around-the-edges homes needing a little love that really excited her.

Wary of more heartbreak, Jewelie and Andy held off on making any offers the first few times we toured. That is, until we toured the worn-down-but-well-loved bungalow on a quarter acre in Woodstock. Jewelie loved it so much that we toured it twice, and even brought Odessa to get her advice on the yard and neighborhood!

Revising our offer multiple times, Jewelie and Andy put forth their very highest and best. Unfortunately, out of six offers, there was one other buyer who was able to offer more attractive pricing and terms. With heads hung, we signed backup offer paperwork, but knew this ship had sailed. Who backs out of a transaction in this market?

Turns out, the first position buyer! After inspections, she was overwhelmed by the amount of work needed and bailed. Jewelie and Andy, having fixed up many older homes, were not afraid of the work, and we began gathering bids for the various repairs needed. The list was quite long, and in the end our concession ask totaled above $55,000. An insane amount, but also, necessary to make the repairs to bring the house to livable standards.

We held our breath as we sent over our ask. Lo and behold, with less than 24 hours left in our due diligence period, the Seller sent back a signed acceptance! Two weeks later, and not without some last minute closing- and wire- related snafus, I was able to finally hand Jewelie and Andy the keys to their new Portland home!

I am so proud of these two for their tenacity and creativity, and can’t wait to see the magic they work there. (I’ve already seen about a hundred wallpaper and tile samples, and let me tell you, this house is NOT going to be like every other white-walled home out there!) The work has just begun, but for Jewelie and Andy, it’s all downhill from here. Cheers to the new homeowners!

 

Multnomah Village Meticulous Townhome

Meticulous Multnomah Village Townhouse

Just Listed: 7438 SW Capitol Hwy

Offered at $525,000

3 Bed | 3.5 Bath | 2091 SF | MLS# 21616366 | Taxes: $7836 | HOA $305 Monthly

OPEN HOUSE: Saturday 6/5 1PM-3PM

 

This well-maintained townhome in the heart of Multnomah Village has a great layout and wonderful updates!

Upon arrival, a lush garden invites you in. Entering the main floor, you’re greeted by high ceilings, hardwood floors and a flood of natural light. The spacious living room and dining room offer a wonderful place to relax and entertain. Rounding out the room is an oversized bay window and a lovely gas fireplace.

The main level layout is ideal with a kitchen, family room and a nice half bath on the main level. You’ll love all the kitchen has to offer: stainless steel appliances, ample countertops, a gas range, plenty of storage and a breakfast bar. Just off the kitchen is a large balcony deck overlooking the treetops. A lovely spot to sip your morning coffee or relax in the evening with friends.

The upper level has an ideal layout with two primary suites. They both offer big windows, vaulted ceilings and closet organizers. Plus, the home has a convenient central vacuum system for ease of use.

Carve out a place for yourself on the lower level with a full bathroom and third bedroom. This flexible space has many options beyond a bedroom: private home office, guest quarters, media room etc.

Just down the hall on the lower level is a large 2 car tandem garage with very high ceilings. A great space for storage with room for bikes, kayaks or more. Plus, extra storage in the stairwell closets as well.

This is a meticulously maintained home with newer: A/C 2019, furnace 2018 and exterior paint 2020.

You’ll love the fantastic location in the heart of Multnomah Village! Just steps to shops, restaurants, parks and all the neighborhood has to offer! Plus, convenient I-5 access.

Fall in love with this captivating, move-in-ready, townhome. It’s waiting for you!

What does it mean to Waive the Appraisal?

If you know anyone who has bought or sold property in Portland within the last year, you have likely heard stories about needing to “waive the appraisal” to be the winning bid on a home. While this strategy has been in play for a number of years, it now seems to have become a staple of nearly every winning offer in competitive multiple-offer-situations. But, what exactly does it mean to waive the appraisal? 

To understand this concept better, let’s start by looking at the normal process for an appraisal during a real estate transaction. 

When a Buyer finances the purchase of a home, the Lender requires a third-party Appraiser to inspect the property, and provide an opinion of value for the home. In order for the home to qualify for financing, the appraisal has to come in at or above the agreed upon purchase price, and also be free of any conditions or required repairs (more on that later). If the appraisal comes in below the agreed upon purchase price, then the home does not qualify for financing at that price, and the Lender will only provide financing that is based on the appraised value. 

For example, if you are under contract to purchase a property for $600,000 with 10% down, your Loan-to-Value ratio would be 90%, meaning the Lender is financing 90% of the purchase, or in this example, $540,000. If the appraisal came back with an opinion of value of $575,000 for the home, the Lender would then only agree to provide financing for 90% of that amount. In this case, $517,500. 

In this event, neither party (Buyer or Seller) is obligated to move forward with the transaction. However, if both parties would like the transaction to move forward, the appraisal shortfall is then typically negotiated between both Buyer and Seller. Either the Seller lowers the price to the appraised value, the Buyer brings more cash to the table to cover the difference, or they split the difference in some agreed-upon fashion.

In today’s market, however, many Buyers are pre-negotiating a potential appraisal shortfall, and either guaranteeing to make up the entire difference in cash, or, offering to bring a predetermined amount of additional cash to closing — on top of whatever the appraised value is. While this is certainly an aggressive strategy (requiring additional cash reserves on hand), it is also effective, as it makes the offer far more attractive to a Seller, who now has more of an upfront guarantee on what their final selling price will be. 

One of the obvious concerns with this strategy as a Buyer, is that you will overpay for a home, and give up some of the immediate equity that you might expect to have in the property upon purchasing it. While this is certainly a valid concern, in the Portland Market it has become a question, in many cases, of whether you would rather leverage some of your immediate equity, or perhaps not get into a new home at all. As a prospective Buyer, it’s important to make your offer as attractive as possible, when the Seller is selecting from a pool of 10-15 offers, so in most cases at least one of those offers will include this type of term. If you are not willing or able to, I totally get it. But, it may make for an uphill battle in terms of purchasing a home in the current market. 

It’s also important to understand that with prices trending upwards as quickly as they are, the data available for appraisers to use in their valuations is not necessarily completely up-to-date. With the typical escrow period being around 30-days, the most recent data for sold homes that appraisers are able to use, is typically already close to a month old by the time your transaction closes. So, there is some lag time between the value that can be statistically supported by an appraisal, in comparison to what the market will actually bear. As prices continue to rise in Portland, the most relevant data is what is happening in real time, rather than what happened 3-6 months ago, or even last month. So appraisals aren’t always able to keep up with the market. 

Enter: Appraisal gap coverage with cash. 

As a potential Buyer in this market, I feel it is important to understand this concept upfront, because it changes the amount of cash that may be needed to successfully purchase a property. While the vast majority of transactions I have closed with appraisal gap guarantees ended up actually appraising at the agreed-upon purchase price (meaning no additional cash was required from the Buyer), it is important for Buyers to understand that the risk is always there. So, they should feel comfortable with bringing the additional cash to closing, in the event the appraisal does come in low.

So, how do you know how much cash over the appraisal to offer, or whether it makes sense to include this in an offer at all? Well, I can’t give away all the secrets, but whenever my clients are planning to submit an offer, the first thing I do is research the recently closed comparable homes in the neighborhood to get a sense for the value I feel an appraisal would come in at. From there, we strategize on the offer amount, appraisal gap coverage amount to offer and overall terms. This is also where we ensure that the verbiage used to address how an appraisal shortfall will be handled is specific, and doesn’t leave the Buyer on the hook for any of those potential conditions or repairs that may be required by the Appraiser. 

If you’re thinking of buying a home, or have questions about covering a shortfall on an appraisal, please feel free to call or email me anytime! I love discussing Real Estate, and look forward to catching up with you all soon.

 

Feeling “Whelmed”

You know you’re doing something right in your career when a former realtor who no longer works in the industry trusts you to help her and her family find their first home to purchase. Munir used to work for the same company as my brother, who is a commercial broker here in Portland. So when it came time for she and her wife Lori to purchase their first home, she reached out to me to help them.

The journey wasn’t all roses and butterflies as we submitted offers on and didn’t get several homes that they thought were “the one.” Lucky for me these buyers remained patient, optimistic and good humored. At one point Lori told me she was feeling “whelmed.” Not overwhelmed or underwhelmed – just “whelmed.” 🙂

In the end, they are soooo happy with how it all turned out. They got a great house for themselves and their teenage daughter. It’s an adorable bungalow with a fantastic back yard with a fire pit for many fun nights with friends to come.

If you or anyone you know is looking to buy or sell a home in the Portland area, please contact Amanda Haworth at 503-453-7698.

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!

 

It’s time to GET EXCITED!

Congratulations to our Buyers, Don & Jarred!!

No matter what you think of Tony Robbins, I think we can all agree that he’s got some really great quotes and this is the one that made me think of my clients Don & Jerrad, “Stop worrying about what can go wrong and start getting excited about what can go right.” 
 
Now, that is sound advice for anyone these days! But it made me think of Don and Jerrad because they stuck with it through an especially tricky transaction and they kept their eyes on the prize the whole way. And in the end, their stick-with-it attitude truly paid off because they are now the proud owners of a very cute, brand new townhouse! It’s a great 3 bedroom 2.5 bathroom with tons of natural light and a lovely open floor plan on the main level. I’m so happy for them!
 
Lately, in this crazy market, being a Real Estate Agent has felt even more gratifying and impactful! Things are crazy out there and folks need clear guidance as the market shifts. I know I’m making a difference in people’s lives by helping them become homeowners. I am very invested in all of my clients and nothing makes me happier and feel more fulfilled than giving clients like Don and Jerrad the keys to their new home!

 

I Love It When A Plan Comes Together

Back in November of 2018, Kelley and Satomi were referred to my by one of the lenders I work with. They had just been given notice that they needed to be out of their rental home soon, and they were in a bit of a pickle. I met them for coffee and I think within 48 hours later they had an offer accepted on a skinny house over in Mill Park. When they bought that house, they were using the Oregon Bond, and they were literally the last buyers to lock in a low rate- within an hour or two of the lender locking them, the Oregon Bond rate went up enough so they would not have been able to afford to purchase the home. They loved their home, but when their daughter was accepted into a magnet school in Portland Public Schools, they decided they needed to move to a house within PPS district, so we started planning to get their home ready to list.

Meanwhile, some good friends of theirs who owned a home in Madison South got word that the house directly behind them was going to be hitting the market soon. That home was a more contemporary version of the skinny house Kelley and Satomi already owned, but this home had a much larger yard and far more upgraded finishes. We tried to see if Kelley and Satomi could buy it off market, but the seller really wanted to put it on the open market. In the meantime, we listed Kelley and Satomi’s house in Mill Park, and 4 days later they had an accepted offer on their home and were free to look for a home without writing a contingent offer. As luck would have it, one day after Kelley and Satomi’s house went under contract, the Madison South contemporary came on the market. We went to look at it immediately and it was perfect. We wrote up an over asking offer that evening hoping the seller would accept right away. The seller decided to keep it on the market at least through the weekend, and at the end of the weekend, we were the only offer.

The seller accepted Kelley and Satomi’s offer, and thirty days later it was key day!

 

The Power of Positivity

As a prospective home buyer, navigating the roller coaster of emotions that is the Portland real estate market these days can be exhausting. It’s easy to get down on yourself after falling in love with a home and writing an amazing offer, only to find out that 17 other people also wrote amazing offers, and yours just wasn’t quite amazing enough. 

When that happens 5-6 times, it starts feeling like maybe you’ll never find a home.

My clients who recently closed on a home though, are a perfect example of how a thick skin and positive attitude can play a vital role in helping to accomplish the goal of buying a home in this market. 

With a max budget of $400k, the options available for my clients were already very slim. Not to mention, everything selling in this price point would have at least 10 offers within a day or two of hitting the market. 

We looked at properties every week for a few months, and nearly every week we submitted an offer on a home. Time and time again, I would have to deliver the bad news that someone else had written an offer higher than ours, or someone else had put more money down, or someone else waived inspections. 

Each time, the Buyers shook it off, and said “ok, thanks for your work, Kevin. On to the next.” 

We must have written 8-10 offers on homes they didn’t get. And each time, they responded with the same positivity and good natured attitude. Until finally, with a little bit of magic, they had their offer accepted! 

They closed today, and I couldn’t be happier to see such positive people realize their goal in such a challenging and competitive environment. Where many people might give up or lose hope, they stayed positive and persisted, until it paid off. Huge congratulations to you!!

 

A place for everyone!

Mary and Phil simply deserve the best — they are an amazing couple centered on family connection and were seeking a place to not only age in place, but to provide spaces for all their beloved family. They knew this was going to be hard based on some of their needs, but when buyers are crystal clear on what they need and ready to act when the right one hits, only good things happen!  Their house hit the market and they jumped, beating out 5 other super strong offers on their first try.  Helping this family was such an honor — we are so excited that they found a home to host large family events and have all their sisters and grandchildren visit!

Can you really get it all?

Julia and Scott entered the market with hopes to secure a great home in their current neighborhood.  They had been warned about the “crazy” market and were honestly a bit scared.  Those fears were answered with strong counsel, realistic expectations, and an advocate that helps empower buyers to navigate through safe realistic concessions.  As we ventured out into the market to find their home we never thought that not only would they find a home with little to no concessions, but that they would be successful with their first offer! We are so excited for them to get keys today to their dream home!

Jessica LeDoux
Honest Advisor

Is this our opportunity?

Finding a home in one of the most sought-after NE neighborhoods is a huge accomplishment and to make it happen they had to decide if taking on a large fixer offered by their landlord was a good opportunity for them.  After a lot of counsel, weighing of options, and consideration of how competitive the market is, all arrows pointed to YES!  Congratulations on securing an amazing home with an ADU!!
Jessica LeDoux
Honest Advisor

Durham Dream

Landing a property in this market means thinking outside of the box.  That was our strategy for these amazing buyers (after competing with 30 other offers on our last try) and it worked!!!

Bonus was the amazing private patio, perfect for relaxing morning coffees (and evening Pinot) all Summer long.

If you need some help landing a property, I’d be happy to discuss strategies with you .

Veronica Powell

503.936.3475

Veronica@LivingRoomRE.com

Classic Vernon Bungalow with Backyard Oasis

Just Listed: 5936 NE 17th Ave

Offered at $515,000
3 Bed | 1 Bath | 2236 SF | MLS# 21259073  | Taxes: $2,893

OPEN HOUSE SAT 5/15 12:30PM-2:30PM

TAKE THE VIDEO TOUR

Come for the location, stay for the updates and charm! This classic Vernon Bungalow sits proud with timeless architectural features, formal dining room with vintage built-ins, light-filled rooms and a detached bonus space with vaulted ceiling.

A sweet front porch and fresh exterior paint will catch your eye upon arrival. Entering into the living room, you’ll feel the love: with gleaming hardwood floors, classic woodwork and a charming wood-burning fireplace.

While this home retains much of its original character, the updated kitchen boasts updates including gorgeous quartz countertops, stylish hardware, tile backsplash and plenty of extra storage in the pantry. The kitchen flows into the formal dining room. It’s just perfect for big dinner parties and intimate dinners alike.

The layout of the home is ideal, with 2 bedrooms and a bathroom on the main level. The second floor offers a lovely third bedroom with wonderful natural light and room for a spacious home office.

Moving through the kitchen you’ll find your backyard oasis! This fully fenced sanctuary feels very private and is brimming with beauty. You’re going to love this converted garage! A clean and spacious room with raw wood beams, this could be an office, detached living space, home school room, yoga room… really, the possibilities are endless!

The full, unfinished basement with an exterior entrance is clean and ready for projects and lots of storage. Complete with newer 96% efficiency furnace! Plus a great shed in the backyard for bike storage.

This location is absolutely ideal! Situated on a quiet street, easy walking distance to Alberta Park, the Alberta Arts district and so many restaurants & shops on Killingsworth!

So much to love in this well-maintained and inviting classic Vernon Bungalow!

Home Ownership Dream…

The Portland market is a hard place to make this dream come true especially when looking under $375,000.  This dream is almost unattainable especially inside 82nd but Olivia and Zac hit the market with realistic expectations and the ability to leverage what made them unique as buyers so when a cute little house with a huge shop hit the market within their budget they were ready to take on some of the quirks! Many people feel it is impossible, but these guys were focused and realistic so they won on the first offer they submitted and now are homeowners in a walkable up-and-coming area well within the 82nd border. Congratulations!
Jessica LeDoux
Negotiator, Counselor, Advocate

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!

Last Tango in Mt Tabor

I first met Galen through his partner, Kyra, who I’ve known for years through my old college roommates and Oregon Country Fair friends. He contacted me to say he was ready to buy a home and asked if I could help him. Naturally, I said yes because he’s a great guy and I like helping people purchase homes.

After about a month of searching and some stressful pressure to move quickly on the homes he liked, we finally found this fantastic Mt Tabor home. This house has one of the best entertaining kitchens I’ve ever seen. It is open concept AND has double French doors that open onto the large deck and back yard. I have major kitchen envy. 🙂

Now, the market being what it is, we naturally had to compete to get the home. Luckily, Galen wrote a heartfelt letter about how he loves to dance and entertain, and along with our stellar terms that sealed the deal.

I can’t wait to come fete your new home with you at some point, Galen!

If you or anyone you know is looking to buy or sell a home in the Portland area, please contact Amanda Haworth at 503-453-7698 or amanda@livingroomre.com.

Building a Portfolio

Congratulations to my clients, D&Y, for purchasing their 4th property in 2 years! I truly enjoy being a part of helping my clients build up a real estate portfolio, and helping them utilize real estate as part of their wealth building strategy. It’s something that I believe in personally, so it’s great to connect with friends and clients who feel the same way.

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.

Dolph Park Colonial-SOLD!!!

This one is SOLD!!!

…..but if you’re shopping in the area or live in this lovely little pocket of a neighborhood and are thinking of selling,  I would be happy to offer some insight into the current market conditions.

This one received multiple offers and Closed at: $1,078,000, $128K over asking.  If you’re thinking of selling, now is the time! Offers are compelling. Terms are strong. Sales are smooth.

 

Give me a call if you’d like to chat!

 

Veronica Powell

503.936.3475

Veronica@LivingRoomRE.com

 

Schools, community, safety

These were the items of focus! Pat and Greg were searching to find a community they could invest in to raise their son and enjoy walks in their neighborhood. The search was challenging, as it is for most buyers in this competitive/scarce inventory market, but we didn’t lose faith or compromise! This is a hard thing to accomplish – but we did! I am proud to say they didn’t settle and found an amazing home in Happy Valley… CONGRATULATIONS!
Jessica
Partner, advocate, real estate life coach

Gorgeous Mississippi Bungalow

Just Listed: 4520 N CONGRESS AVE

2 BED | 1.5 BATH | 1848 SF | MLS# 21414082

OFFERED AT $539,000

TAKE THE VIDEO TOUR

This beautiful Mississippi Bungalow is packed with sophisticated updates while holding strong to the original character. Sitting high above the street you’ll love the gorgeous landscaping and darling deck above the garage, the perfect place to relax and with your morning coffee or chat with friends and neighbors.

As you enter into a lovely foyer you will find classic architectural features, efficient and expansive spaces and light-filled rooms. Make your way into the living room which features gorgeous millwork, original hardwood floors, a stylishly updated mantle with a gas fireplace and an elegant flow into the formal dining room. The dining room itself is quite large and acts as a nice axis point to the living room and kitchen, the perfect layout for entertaining!

A half-wall opens to a recently remodeled chef’s kitchen featuring beautiful quartz countertops, stainless steel appliances, gas range with hood, original fir floors, beautiful tile to the ceiling, sink disposal and an integrated dishwasher. 

Making your way upstairs, you’ll find 2 light-filled bedrooms with full closets. The layout is perfect with a stylishly updated, full bathroom with refinished clawfoot tub and skylights.

On the lower level, a large partially finished basement offers a great flex space! Easily imagined as a home office, yoga room, homeschool room, media room, ect.! Plus, it offers an exterior entrance and plenty of dedicated storage space.

Step outside into your back garden deck oasis! A petite and powerful garden that requires limited maintenance is brimming with beauty. Exterior storage with access at the rear of the house.

So many upgrades including 90+ furnace, AC, gas fireplace, upgraded foundation & seismic, upgraded electrical panel, pex plumbing, skylights and recently added half bath on the first floor.

Desirable, convenient location with a street designed for light traffic flow and ample street parking. Walk score 89 & Bike score 99!

Welcome home!

Why is Housing Inventory So Low

The Portland Real Estate Market has strongly favored Sellers for the greater part of 7 years now, and this has largely been driven by a shortage of supply, coupled with low mortgage interest rates. There are many motivated Buyers, looking to lock in a home purchase at a great rate, but just not enough supply to meet the demand, which has caused the high level of competition we are seeing for Buyers. 

But why is that? What is causing this seemingly never-ending cycle of low inventory in our region? Below are my thoughts on some of the main contributing factors.  

1. Lack of New Construction:

According to Portland Alliance, despite historic economic expansion, our region has produced the fewest housing units over any 10-year period since World War II. 

With the number of new households in the area exceeding the number of new homes being built, we have a situation where demand for housing cannot be met at current building rates. In order to balance the market, there needs to be a larger supply of new construction to keep up with the growth in our region. 

This is a particularly complex issue, which dates back to the Recession in 2008-2012. Residential new construction hit all time lows during that time period, and it simply hasn’t ever fully recovered. 

Additionally, the cost to build is significantly higher now, and I am sure many of us are aware that the price of lumber has skyrocketed during the pandemic — nearly quadrupling in price.

2. Hesitation to Enter the Market

Another issue that contributes to the lack of inventory, is a hesitancy from current homeowners to trade-up or downsize in the current market climate. I have spoken with a number of clients in the last year, and discussed the pros and cons of making a move in this market. There are many people who would love to take advantage of this opportunity to sell their current home, but the prospect of then entering the market as a buyer, is not all that appealing. 

Buying and selling a home in the same market will always favor one side of this coin, but in the current climate, it so strongly favors sellers, that it intimidates some from even attempting to make the transition. 

3. Duration of Homeownership

Another interesting factor contributing to the lack of housing supply, is that people are staying in their homes for longer periods of time. According to the US Census Bureau, the average tenure for homeownership in the United States is just over 8 years. In comparison, the average tenure was only 4 years between 2000-2007. 

We can certainly speculate as to why this might be, but there doesn’t seem to be any overwhelmingly compelling evidence that points to exactly why people are staying put longer. 

 

In any event, the solution to the lack of housing inventory is massively complex, and it will likely be a slow moving process to reach a point where there is enough housing supply in our region to meet the demand.

In the meantime, there are definitely still ways to make a transition in this market (see my previous blog post), and there are also ways to be strategic with your offer structure to help ensure you win in multiple offer scenarios. As always, I am more than happy to set up a time to meet, and discuss market conditions in further detail, so you can see how all of these moving parts affect your own personal sutuiaton.

 

The Little Buyers Who Could

When I say this market is tough on buyers, that may be an understatement for what Andrea and Amar (and sweet 1-year-old daughter Maeve) have been through. When we first met they were coming out of the process of getting bids for their current home to expand it to fit their growing family. They decided it would be easier to just purchase something else instead. Little did they know the challenges that lay ahead.

After a few weeks of searching, we finally found their “dream home.” We put in a stellar offer, and although the listing agent told us ours was the strongest, the sellers picked another offer based on the buyer letter. Crushing. And, frankly, unethical. So Andrea and Amar took a little time off from the hunt and regrouped.

A few weeks of looking later, a home popped up that looked promising. It had the big yard they had dreamed of, it was a “granny ranch” with great bones and a ton of potential to make it into exactly what they want. The problem was, we would have to fight for it. There was a ton of competition for this home, including a cash offer that was very appealing to the sellers.

Insert super lender Jen Bell into the mix. She said she could get us a 10 day closing to compete with the cash buyer. So we put our best foot forward and I had a lot of heart-to-hearts with the listing agent. When she finally called to tell us we got it, she said, “I feel like we’re old friends at this point!” 🙂

Needless to say, Andrea and Amar are THRILLED with how things panned out. And so am I! I can’t wait to see how their amazing remodel will turn out. They have a great eye for design and I just know they are going to have the coolest house when this is all done! So happy for them!

If you, or anyone you know, are looking to buy or sell a home in the greater Portland area, please contact Amanda Haworth at 503-453-7698 or amanda@livingroomre.com.

 

St. John’s Boomerang

Sarah and Dan were renting in the St.John’s neighborhood when we began their search. While we set the search up to stretch the boundaries of this neighborhood, as we toured in different areas of town it became clear that St. John’s was where their hearts lived and so we continually returned to the possibilities there. Sarah and Dan came into the market clear-eyed about the fact that there are no signs of it slowing and weighed their options with graceful and grounded perspectives. They ended up striking a balance between wanting a home with built-in charm and knowing that opting for more of a “blank slate” increased their chances of success. They landed a home with a perfect combination of the two – room to add character, but with enough mid-century flair that they felt they were not settling for something that lacked charm. But most importantly, they are moving within the neighborhood they are committed to and love.

Serene and Stylish Mid-Century Ranch

JUST LISTED: 633 NE 151st Ave, Portland OR


Offered at $459,000

4 Bed | 2 Bath | 1784 SF | MLS# 21538388  | Taxes: $4,837

TAKE THE VIDEO TOUR

This is the Mid-Century Ranch you’ve been looking for! Picture perfect, this 1950’s classic is located on a peaceful, quiet street in a mature neighborhood, and is surrounded by gorgeous landscaping, majestic fir trees, and graceful Japanese maples.  A lovely entrance with a generous foyer draws you into the heart of the home–  a warm and inviting living room with rich wood paneling, classic brick fireplace, and a huge picture window with a view out to the park-like backyard.  Hardwood floors, beautiful millwork, and modern lighting create a warm and inviting atmosphere, perfect for cozying up with a good book or playing a rousing board game by the fire.

The dining room is open to both the living room and kitchen and has period built-ins.  A large, floor-to-ceiling window opens to the backyard and patio, creating a year-round experience of “outdoor dining.”  A convenient breakfast bar separates the eating area and the kitchen, providing space for informal meals or laying a spread when it’s your turn to host.  This is a wonderful space for entertaining and also perfect for intimate dinners.

The remodeled kitchen has a great layout plus many updates, including quartz countertops, stainless steel appliances, newer dishwasher, custom tile work, classic Marmoleum flooring, and ample, well-lit counter space.  Just off the kitchen is a large master bedroom with a full bathroom.  This space has great potential for a home office, family room, or home gym.

Away from the kitchen toward the other end of the home, you’ll find three quiet, light-filled bedrooms with beautiful millwork, warm wood floors, and ample closets.  A roomy modern bathroom with double sinks and stylish updates accommodates everyone during the morning rush, or in the evening allows a relaxing soak in the tub before bed.

The fully fenced backyard is gorgeously landscaped.  Ample patio space ringed by mature Japanese maples and a stand of large fir trees creates a private northwest retreat, perfect for entertaining on a warm summer evening, or for relaxing with a hot cup of coffee and a crossword on a sunny morning.  The charming garden shed enhances the park-like atmosphere and keeps all your tools and toys tastefully out of sight.  A large mudroom complete with laundry and storage allows entry from the backyard and provides a convenient spot to slip off muddy boots after gardening or playing.

Lovingly cared for this home has professionally landscaped yards with built-in watering systems, newer double pane windows, updated plumbing, a recent water main replacement, and newer central A/C.

Located away from the hustle and bustle but with easy access to shopping and hwys I-84 & I-205.  Close proximity to Glendoveer Golf Course and walking trails, and a short walk to the MAX line serving the greater metro area, including downtown and PDX airport.  Enjoy your own private park and quiet, one-level living while still experiencing all the benefits of city life.

A Family Affair!

Congratulations and cheers to my newest favorite family, the Brewsters! Our real estate journey has spanned nearly a year and truly come full circle. At this point, it feels like we’re family – I am wholeheartedly offering to shift my role from realtor to quirky, fun auntie figure!

Chris, Holly, and their kids Lucy and Simon were referred to me by a fellow agent in Austin, TX. The Brewsters had visited Portland and the surrounding PNW for years. They knew wanted to make the move to align with Lucy entering high school and Simon entering middle school.

We began working together last summer. The Brewsters traveled to Oregon and we toured several homes on the east side. This trip was purely for research, as bike-ability was a top priority. We drove around SE/NE Portland and saw around 10 homes. One of the homes was a newly listed foreclosure in Laurelhurst. Great bones, but had seen better days. I remember Holly remarking that if they were in the market currently, they’d make an offer on this one!

In October, the home was still on the market, receiving teensy tiny price reductions on a nearly weekly basis. Holly and Chris had me go back to video the house, scheming about how they could make it work, but the timing was still off. In January, we kicked off their official search, knowing we’d want to start looking early in this low-inventory market to hit their close-date goal of June.

I virtually toured several homes for the Brewsters, and we wrote a handful of offers. We were offered backup position three weekends in a row – 2nd place never felt so agonizing! And still, the Laurelhurst home lingered. When it received a larger than usual price drop, we finally threw our hat in the ring, only to be beat out last minute by another offer. Sheesh.

But…sometimes it all works out. The first buyer terminated, and we finally got an acceptance! The entire family flew up for a long weekend of inspections and contractor visits. Chris and Holly included Lucy and Simon in the decision making at every step of the way. (As a former teacher, I am in awe of their parenting techniques). Entering negations, we were armed with a mountain of bids and inspections that enabled us to negotiate a massive price reduction.

We closed earlier this week, and the Brewsters flew up Friday. They spent the first night in their home in sleeping bags and on sleeping pads. Phase 2 begins now: making this historical beauty shine once again!

Congratulations to Eddie & Family

Congratulations to Eddie and Family

I helped Eddie buy a house about 5 years ago and was so happy to work with him again. If you know me, you know that I love homes and helping my clients make life transitions. I love being a real estate agent for so many reasons! And, I’ve got to tell you, there was a little sparkle in this story for me because Eddie purchased this condo so his parents could live closer to him and his daughter, Viv!  It really is so fun to help families to be closer to one another. 

The single-family home market is definitely experiencing a very competitive seller’s market and a lack of inventory.  However, on the condo side of things, there are a lot more units available so if you are considering a condo, it’s a great time to buy. Eddie and his Mom found a sweet 2 bedroom condo with a view in the Lloyd Center neighborhood for a very reasonable price!

And one more thing! Speaking of lovely people to work with people- a big shout out to Uli Sommers, my favorite home inspector. I know that everyone who works with her is going to get the best service at the best price and she did a great job for Eddie and his parents as well.

Uli Sommers Website

Lloyd Neighborhood Portland

EAGLE EYE

Suzanne and Charles were like a pair of eagles flying over Hillsdale waiting to swoop down on a great option near their daughter’s house!  We had passively watched the market for over 2 years as they prepared to sell their home — moving 40+ years of life was a daunting task, but a successful one indeed.  Their house sold and they were ready to swoop into the Portland market and claim a new homestead. Shortly after their arrival, the perfect house with amazing views and gardening space hit the market. They set their eyes on catching this outstanding mid-century home on a lovely 1/3 acre parcel and were successful!  Congratulations, we are thrilled for you both.

Who said this couldn’t be fun?

Shasta and Joe flirted with the idea of upgrading their current pad last year, but after some initial research decided to hunker back down and do more preparing with plans to start the official hunt in the spring of 2021. Despite the rapid growth in the market and scarcity of options Shasta and Joe were still positioned well.  Once the house search ramps up, staying organized is crucial, and with so many forms of communication, this can be difficult, especially around text messages. We have found a simple group thread that avoids text messages getting lost and multiple threads getting started – genius, you say – Nah, but kinda feels that way :).  This thread is critical for quick questions, property sharing, and updates, BUT with Shasta and Joe, it also was full of witty banter, hilarious references, and spot-on GIF sends.  Their light-hearted attitude was so much fun and will be missed — Congratulations on scoring such a beautiful house.

Elbow Room

Meghan, Luke, and their son were living in a cute as a button home of approximately 700 sq. ft. before they started the house hunt. It takes a particular kind of innovation to thrive in an environment that small, which they certainly did! (As a business owner specializing in quilting, Meghan spent a good deal of time producing beautiful quilts from her kitchen table.) As much as they loved their cozy space, they were ready for a little more elbow room and the search began. With a strong love for vintage homes, Meghan and Luke sought a home with some charm that they could pour their love into and one that would have enough bonus spaces to complement their busy lives. Next week we will hand them the keys to a home triple the size! We can’t wait to see the difference this makes in their lives.

Climbing Mount Everest

Finding a home that would not eat them alive, provide spaces for a family, and allow Ayala to work from home felt like climbing Mount Everest.  We put on our gear, and I was their sherpa. Our climb began in August of 2020, we headed out with hopes of getting to the top safely and quickly, but this mountain grew as we traveled and the journey threw roadblocks we could not see coming in our way. We made adjustments and detours along the way, experienced many disappointments and failed attempts, but we kept putting one foot in front of the other, learning and adjusting with each step.  The cold hard truth was that without extra tools, it was looking like they could not compete against uncontrollable forces.  This journey was hard but was full of growth, education, and most of all, their AMAZING spirits to make it to the end.  I have been a sherpa (aka REALTOR) for 16 years and used every bit of knowledge I have to help them make it and loved being of service to them.  On March 3rd they started the descent off this mountain and have arrived back at base camp. Today is a day of celebration for them and me because the home they are getting keys to is AMAZING and will provide many years full of enjoyment instead of years of projects.

Welcome home to your lovely new home, a place to nest and get ready for your first child and maybe someday a puppy too!

Jessica LeDoux

Realtor, Sherpa, Advocate

THE ONE!

Searching for a home when your priorities are so clear and focused still requires a lot of patience and trust.  Marilyn and Don knew what mattered — 1) Distance to their daughter and the grandbaby on the way! 2) One level – move-in ready condition.  This narrowed our search to a very small radius in an area with a lot of fixers.  They knew they would be giving up a lot, but only the basic amenities mattered because achieving the main goal was what was motivating their move.  With limited inventory and prices on the rise, this felt like an almost impossible task, but they patiently waited and trusted the home would come, and it did!  A home in better condition and with better amenities than they had hoped for —  Love and Family was their driving force and trusting that led them to the optimal outcome!

Grit & Persistence Get Amanda and Iain Where They Want To Be

Congratulations to Amanda and Iain!


 

This transaction was a great example of sticking with it until you get what you want! Amanda and Iain are whip-smart and tenacious, which are the best qualities a buyer could have in this current market.

Jasmine and I love working with first-time home buyers and homeownership is something we want to see for everyone who is interested. We pride ourselves on our initial buyer’s meeting setting up reasonable expectations to empower our clients. By breaking the process into manageable pieces the whole thing makes sense, flows nicely and clients know they will get the home they want. 

I appreciate so much how Iain and Amanda kept their eyes on the prize, they didn’t let disappointments slow their roll and, in the end, they made their dream come true! They bought a gorgeous home!

And, as we all know, in real estate, there is truly nothing better than a GREAT referral and I am thrilled that Jasmine was referred to Amanda and Iain by their mutual friends! They are fun and wonderful people and I’m so happy to have worked with them.

 

 

Education is always KEY!

Marissa and Danny entered the market with determination, but not a lot of knowledge on what is needed to buy a home, so education was so important. They had financing in place, closing costs saved, but did not know 100% what other costs they would incur and the actual dollars needed.  Clarifying this piece was critical and they went back to saving. Once ready to re-enter the market the loan product once available to them was gone due to the pandemic, but the months of saving bridged that gap.  I am proud to say NO time was lost, every valuable minute of their life was preserved and focused on real efforts to make their dream of homeownership come true.  Nearly a year later the hunt was on and it was not an easy path, but every turn added to their knowledge base, empowering them to find an amazing home with more space than they ever thought possible.  Congratulations Danny and Marissa, you both are simply the best!

I Sold My House! Now Where Do I Go?

One of the biggest challenges for would-be Sellers in the Portland real estate market, is what to do after you have sold your home. With this quite possibly being the hottest Seller’s Market we have ever seen, it often feels like selling your home is a forgone conclusion — it’s just a matter of how many offers you will get, and how high over your asking price those offers will be. While this isn’t always the case, it certainly stands true that if you price your home appropriately, and you have a solid product to offer, there will be a line of Buyers ready and willing to offer you the moon for your home. But, what do you do next? 

Knowing that the market is extremely competitive and challenging for Buyers, many people are nervous about the prospect of selling their current home, simply because they don’t know where they will live once it’s sold. They would love to take advantage of the current market on the selling side, but don’t relish the prospect of having a ticking clock on when they need to find their next home. So, here are three tips for how to make that transition, without feeling the stress of needing to make a major life decision, with a finite amount of time to make it. 

  1. Negotiate a rent-back on your current property — Oftentimes in this market, Buyers are willing to offer any and all terms the Seller is looking for. A question we often get when listing property is, “what do the Sellers need out of the offer?” Negotiating a rent-back would allow you to stay in your current home for an additional 30-60 days after closing on the sale. In some cases, we can negotiate for this period of time to be free of charge. In others, you simply cover the cost of the new owner’s mortgage payment each month. If the Buyer of your home is financing the purchase, their Lender will always have a maximum number of days you are allowed rent the property back from the new owner, so this certainly isn’t a long-term solution. However, it can be an attractive option to at least buy some additional time to begin looking for your next place!
  2. Find a furnished short-term rental home — While you will likely end up paying more per month than you were paying for your mortgage, a furnished short-term rental property is a great way to buy yourself more time to shop for a home. This allows you to sell your current home, get a pre-approval for your next purchase, and have a comfortable place to live for an extended period of time. By renting a furnished home, you can also avoid the dreaded prospect of moving twice — just store your furniture in a storage unit or Pod, and then have it all delivered to your new home once you find it!
  3. Purchase your next home before you sell — this option requires you to be somewhat risk-tolerant, along with also being able to qualify for carrying both mortgages simultaneously (for both your current home and your new home). While the amount of time you carry both mortgages will likely be short in most cases, you will still need to be approved by your Lender for both payments. This is by far the most ideal way to make your transition, but is not an available option for everyone. If you are interested in making a move in this market, I would recommend talking with your Lender first, so you can understand whether this is an option for you. Then, we can discuss what the go-to-market strategy would look like for your current home, to ensure you feel comfortable with that process as well!

Whichever route you end up choosing, there will be a certain level of discomfort involved, so it’s wise to spend some time strategizing and preparing, prior to embarking on the journey of selling and buying in this market. This will allow you to feel well-prepared and open to making short-term sacrifices, which will ultimately help you accomplish your goal of finding your next home!  

Three’s Company!!

 

You may see one happy new homeowner in this photo, but there are two more to come!  2020 dealt our  lovely clients, Chris and Jamie, and their mother, Shari, some tough blows.  Needing a reset and reconnection with family, they decided to move to Portland from Los Angeles together.  They called us and, almost immediately, we found this darling home in the Overlook neighborhood, which is a perfect fit for the three of them.  In this fast real estate market, the great houses don’t last long, so thankfully, Chris and Jamie were quick learners and took our advice on the various ways they could make their offer most attractive to the sellers.  They ended up beating out 12 other buyers to land the house.  Cut to 30 days later and their swift and decisive efforts paid off.  Shari pulled up with her moving van to collect the keys to their new house.  Chris and Jamie will follow soon and this family will get the fresh start it deserves!!

Congratulations Chris, Jamie and Shari – we know you will enjoy your beautiful new home and Portland life!!

Doesn’t hurt to try!

We had the pleasure of helping Jenny and Will purchase a great home in Alameda when they moved to Portland. While they’ve loved a lot about this home, the characteristically small living spaces of their bungalow were not quite working when their home became the hub for ALL aspects of work, life, and education. They explored ways of expanding their spaces, but that option was not ideal and the idea of moving was hard because they absolutely LOVE their neighbors. On walks, Jenny and Will admired a more expansive craftsman style home on their street that was for sale, but at that time not obtainable. The home was taken off of the market, but when the possibility of moving became a viable option they called us, hoping to learn more about the home and see if it would become available again. This spurred our team into action and we reached out to the former listing agent to see if the seller was still planning to sell and would consider an off market offer. At first this did not look hopeful, but with patience and persistence the conversation started to advance! Immediately after touring this home they knew it was exactly what they wanted and on the same street… this home would be a dream come true for their family! Immediately we presented an off market offer and it was accepted! It was such a delight to hand over the keys to such an awesome family and it was truly an honor to work with these fantastic people again!

Don’t chase the market

Being frugal or conservative are both very sound ways of analyzing huge financial decisions. These characteristics are critical when entering the real estate market, but they also can cause you to chase a growing market. It is important to balance this nature with a broader perspective by not simply analyzing each home fiscally.  Home ownership is more than an investment, it is shelter and security. If one can shift their conservative thinking to focus on longevity, the unchangeable elements of a home, and future options within their means, this will inherently protect one’s investment no matter what direction the market goes. This balanced perspective is what our team works diligently to help buyers see because if you purchase a home wisely, that home will provide you with many years and will prevent the feeling of having to move. Instead it will allow you to time your sale in the most optimal market for a return on your investment when the time comes to sell.

Patience is key

Ali and Matt were in the market for quite some time before they succeeded at getting into contract on their new home. As strategic buyers, one of their strengths was being able to walk away from homes that became overly competitive and shot above and beyond their comfort zone. They remained true to themselves. But during their search, the market took a swing upward and they worried they would not be able to compete in any of the locations they sought. So when a home with some rough edges, but all the potential they were looking for popped up in their favorite part of town, they moved confidently and were victorious. Their position was truly strengthened by the expanded knowledge that formed during the searching process and broadened their ability to see potential in the less than shiny. This process is different for everyone and it is wonderful to see buyers in a hyper competitive price range emerge empowered.

Buyers, Are You Ready? Get Pre-approved before you shop!

It has always been a good idea to get pre-approved for financing by your lender before you step foot into the housing market, but today it is even more important.

Two reasons:

1. Covid-19 safety guidelines require pre-approval before you go into a listing. While not every listing agent upholds this, many do.

2. This market is HOT right now, and you want to be ready to pounce when you see the house. Even if you are just getting started, don’t get held up on the lending side and lose out on a home.

 

 

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

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.

Dad, please come to Portland!

Brian sat in the co-seat of his sons’ purchases and got to watch their aspirations of homeownership come true. We got to watch a great family, rooted in service, help each other.  What we did not acknowledge is Brian was also watching how our team works, and our commitment to the people we serve.  So when his boys sent him a badass North Portland condo in an attempt to get him closer, he took the bait and when they asked him what he wanted to do next, he replied, “call Jessica”.  When he shared this with me I felt joy and appreciation at another chance to help this family. What an honor that we are so pleased to have earned from such amazing people.  Welcome to Portland, Brian!

We are blessed!

We are blessed to help such amazing people like Juno and Nick. Juno has been a friend since we first picked up weights together at the Refinery. I was a new gym rat, exploring the early morning scene, and instantly felt she would be a great workout buddy. My instincts were right! I have long left the Refinery, and miss working out sidebyside with Juno, but luckily we have stayed in contact, and Juno has followed her instincts to trust the entire team! It has been such a joy to help them navigate the difficult and stressful process of buying and selling a home. If she were writing this, she would say something to the effect that they were needy — as she often expressed this out of concern, but that couldn’t be farther from the truth! We pride ourselves on breaking this process into bite-sized pieces to help focus efforts where progress can be made and worries can be answered. Being of service is what makes this career fulfilling; we would not have it any other way. Education, exploration, and preparation was an enjoyable 1-2 year process with life and covid delaying the start, leading us to concrete plans to enter the market in the spring of 2021 and start touring options as they hit in the New Year. Juno and Nick were prepared, knew what they wanted, and relied on us to make it happen, and this was the perfect balance to deliver success on their first very competitive offer they made. Celebrations are underway as their new house closes, and they head out of town for the debut of their current home hitting the market!

Possum Queen and Brewmaster Find Their Home

It is tough out there for our buyers but these two stellar humans did what it takes and made it happen.

Here it is in Stephanie’s own words:
“WE ARE HOMEOWNERS NOW WTF. What kind of millennial curse did we break and how? I’m in disbelief. Shoutout to Sean Patrick O’Feery and Carly Van Aart for being the best realtors we could have ever hoped for (if any of you need one, we highly recommend). But one detail he (the owner) left out that is of the very most importance:
OUR NEW NEIGHBORS SAID WE HAVE ALL THE TRASH CATS. Raccoons, skunks 😬 (maybe less than excited about that but they’re still cute), and HOLY JEEZ POSSUMS Y’ALL. I’ve got the possum sweats y’all. I’m ready to be their queen in my castle AND CREATE A KINGDOM. Bring it.”
There is some serious possum love here.
Congratulations Jake and Stephanie, well deserved.

If you’re looking for your own home with or without possums, give me a call!

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.

 

Struck Gold!

Grace and Mike began their search with open minds. Though they loved the part of town they were in, they did not want to limit their search to only nearby neighborhoods. They hit the ground running in a highly competitive market, with record low inventory, and explored new areas of town. But when an amazing home (with room to grow!) hit, in the area of town they know and love, they jumped at the opportunity. They had found their dream home, in their dream neighborhood, and with friends close by, instant community. All with plenty of space to start a family someday. Congratulations!

Room to grow

Meggie and Jamie started the hunt right before COVID hit. Like so many, the uncertainty surrounding 2020 made them take a step back to evaluate their next move. Disengaging from the market for several months helped clarify what they were looking for – space to grow into, to garden. Simply put, they were after their long-term dream home. Meggie and Jamie are savvy buyers, with a keen eye for investment potential. This flair for recognizing possibilities and their love for mid-century design led them to an outstanding mid-century home that just needed a little elbow grease to shine. We can’t wait to see the transformations as they make it their own for years to come.

Stars align

Emily and Matt had been touring for some time and were smitten with a sweet home that hit the market in the Roseway neighborhood. The home went pending with another buyer and they continued their search, believing they had missed their opportunity at this dream home. A few weeks into the transaction, the buyer of the home backed away from the sale and Emily and Matt jumped at the opportunity to submit their best offer quickly, before the home was released into the open market once more. Their surety about the home was clear and their offer was accepted. We just had the great pleasure of handing them the keys to their new home! Their story is proof that sometimes staying hopeful about a long shot pays off.

Quaint Quarters in Rose City Park

I’m so honored that Brandon and Sean trusted us with their first home purchase. I know Brandon from years of working in the Portland theatre world. One of my favorite memories is that he called me in to audition to be the guitarist at Portland Center Stage for one of my all-time favorite life experiences, performing in “It Ain’t Nothin But the Blues”. I actually can’t remember doing less in a show, personally. I’m thrilled to have helped Brandon with something unforgettable in his life too. Sitting on an oversized lot right at the base of Rocky Butte, this lovely home is an exquisite blend of style and warmth. From oversized picture windows in the living and kitchen areas to the luxurious bedrooms, things just keep getting better. The home was given all new hardwood floors in December 2020. The backyard is wonderfully spacious and comes with raised beds, vegetable garden, and even a chicken coop–perfect for the urban gardener in all of us. I know Brandon and Sean will make this quite an amazing home for themselves indeed. Congratulations!

Same House Different Clients Four Years Later

Who doesn’t love getting an email from new buyers letting you know they want to work with you because you could be their dream agent. And that’s exactly what my buyers Liz and Alex wrote to me when they first got in touch. After we had a Zoom meeting, I could tell they were going to be dream buyers. Liz and Alex were looking for a home where they could start a family, live as close-in as possible on the east side, and wanted vintage charm out the wazoo.

We started off by seeing a few homes that at least on paper looked like they checked the boxes, but when we went to see them in person, I pointed out all sorts of flaws with foundations, layouts, and other not so fun stuff. After our first foray into seeing what was on the market- which wasn’t much, it really helped them hone in on what was important to so they put together a needs and wants list that was super helpful for both of us in narrowing down their search.

A few days after they put together their magic lists, Liz sent me a listing that had just popped up on the market in NE in the Rose City Park/Laurelhurst neighborhood. This house hit all the marks.  The address sounded familiar, and after looking at the photos, I realized that I had listed this very same house back in the summer of 2016! It had belonged to some dear friends of mine that I met when our kids were born around the same time back in 2010, and it was a house that I had spent many hours in. When I sold it in 2016, the buyers had a great agent, and thankfully that same agent was now representing the same folks, this time as sellers. Because I had a really good idea of what Liz and Alex wanted, I was able to tell them with confidence that I thought this might be the perfect house for them. I even let my past sellers know that I now had buyers interested in their old house, which tickled them to no end.

As I had predicted, Liz and Alex loved the house. The worst part about the house when my sellers sold it was the very dated kitchen. The current owners had re-done the kitchen so it was super efficient and stylish. I shared with Liz and Alex all the good times and warm memories that I had in this house and what my sellers had done to the house, along with what was new since I sold it. I called the listing agent to let her know my buyers were really interested. We both remarked how strange but exciting it would be to work together again, on the same house. Liz and Alex wrote up an offer a hair over asking, and that was enough to get the sellers to joyfully accept our offer. Right after we finished up repair negotiations, a tree in the backyard fell over. Alex is an arborist and the sellers asked us for a recommendation for who they should call to have the tree removed, and Alex volunteered to do it himself on the next Saturday, his day off, which the sellers greatly appreciated. Good vibes all around.

When my sellers sold the house in 2016, the roof was nearing the end of it’s life, but still had a good 3-5 years left. This g0-around, our inspector noted that the roof was past due for replacing. The sellers were on it and with only a couple days to spare, the sellers had the roof replaced and we closed on time. I’ve been selling homes since 2007, and this was the first time I’ve sold the same exact home twice- once on each end. The sellers are remaining in the home for 30 days after closing, but I can’t wait to meet Liz and Alex next month to hand them keys!

 

 

 

The Best Part of Second Place? Back-Up!

First- What is “Back-Up?”
Back-up is the term, often used by Realtors, to describe a second position buyer. If there is more than one offer on a home, a seller may choose to offer the people in second position “the back-up position” so that seller does not need to go back to the market if the first position offer does not work out.   Sellers often like to avoid the process of going back to market; making space for new people to see the home and a the paperwork associated with a second round of offers can be inconvenient and time consuming.
As a buyer, it is hard to hear that your offer was not accepted. Most of us move into a home in our minds before our offer is accepted. Coming in second place in a multiple offer situation can have a real silver lining though. The back-up agreement is basically like having a first right of refusal if the buyer in first position chooses to back out.
It seems counter intuitive that in this strong sellers market, buyers are backing out of sales more than ever, but it is happening. It may be because of the high level of competition required to just get your offer accepted and have the opportunity to take a further look at a home. Once a buyer has an offer accepted, there can be a moment after the competition is over and you look a little further, that gives pause. There isn’t a lot of time to think things through thoroughly in this competitive market.  This is making the back up position more valuable than ever.
My wonderful, experienced client Kate, who just got the keys to her new home yesterday, is a perfect example.  We had made, and been turned down on, two offers and were prepping for a third when we got a call back from the agent from the second home.  The buyers had backed out and we were being called up from the “Back-Up position.” Because the seller had one buyer back out, they seemed to be appreciative of our offer. We had some very reasonable negotiations around inspections and the sellers repaired an expensive sewer line. Now, because we were willing to take “back-up,” Kate is moving in to her new home!
Hang in there buyers and don’t hesitate to accept that second place prize of “Back-Up.” It is more valuable than ever before!
If you are looking for a buyers agent that is always looking out for you, give me a call!

Quick to the Draw wins SW Mid-Century Stunner!

Congratulations to Tom and Kari for closing on this beautifully updated midcentury house in Vermont Hills.

Tom and Kari have been looking to move “back” to Portland for some time to be closer to family and to take advantage of the natural beauty of the Northwest. This home fit the bill on all fronts with an option for one-level living, amazing mid-century elements (two corner fireplaces), great neighborhood trails and streets for daily strolls, and serene forest-like views from almost every window.

 

Tom and Kari recognized that this was a special house right away and didn’t mess around when they realized it was going to be competitive to land this house. They were the first offer that the seller received, and they made their terms so compelling that the seller was motivated to act quickly on it. For that reason, while there was some competition from other buyers, it didn’t feel like the “feeding frenzy” that can be so disheartening for buyers. Kudos to Tom and Kari for quickly recognizing that the home was a winner AND for being willing to quickly take action to make it their reality!

Kari and Erika have many tips and strategies to make this sellers’ market work for our buyers. Please call us if you are looking to make a move!

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!

Livability and income potential

Molly was on the hunt for a home she could thrive in with her kids, within a certain driving distance to the primary locations of their lives. Some thoughtful strategy around her desired commute time radius left open the possibility of moving to different neighborhoods in Portland. Molly was also interested in a home with long term investment potential. Sometimes the second you jump into the market the right one hits, and such was the case when Molly recognized the potential in a 1911 Craftsman with an oversized garage, seemingly MADE for an ADU conversion. This home was too good to let slip away, so she played her strongest cards in a highly competitive scenario and it paid off!

Just Listed: Light & Bright Hillsboro Ranch

JUST LISTED: 2457 NE GRANT ST


Offered at $399,900
3 Bed | 2 Bath |  SF 1414 | MLS# 20106662  | Taxes: $2860
2457 NE Grant St, Hillsboro OR 97124

This well-maintained and inviting one level Ranch is the one! You’re going to love the fantastic layout, comfortable features and wonderful location!

Entering the foyer and into the living room, you are immediately greeted with vaulted ceilings and wonderful natural light. Open to the living room is a large dining room with plenty of room for relaxation and gatherings alike!

Make your way through the heart of the home and you’ll find an open concept kitchen with an eating bar that flows nicely into a family room. Big windows overlooking the backyard and a wood fireplace make this space feel both spacious and inviting.

The layout and flow throughout the home is easy to navigate and absolutely ideal for a home of this size. Through the hall, you’ll find a full bathroom and 2 bedrooms filled with great natural light. A lovely primary suite with two large closets and a lovely mirrored barn door to the bathroom.

This home has been carefully maintained with a newer furnace, A/C and double pane vinyl windows! Rounding out the home is a nice sized laundry room and 2-car garage with plenty of storage.

Step outside into a beautiful, oversized backyard! Established landscaping and greenery surround a patio ready for entertaining or lounging on hot summer days. Plus, you’ll love what bounty the warmer weather brings including roses, lilacs & mature fruit trees: apple, Asian pear, plums and grapevines. The yard is fully fenced for privacy which makes this a delightful space for entertaining and Fido-friendly too! Located in a quiet neighborhood walking distance to MAX, Shopping Center and Shadywood Park with trails and a playground. Easy commute to Intel, Nike and HWY 26. This is a wonderful place to call home!

More Information

I Love My Clients!

These fine folks, Abby and Andy, contacted me after our mutual friends
 Aaron and Mallory (and their Hillbilly Hilton as seen below)
talked me up to Abby and Andy when they said they were thinking about buying their own home. Turns out I love the friends of our friends. Andy and Abby are great people and wonderful clients.
It’s a short story-
We found them their dream house in SW Hills.
We had to compete but got the house.
We had fun doing it!
And tonight, we drink champagne together at their new home!
Let me know if you’ve got goals to buy a home for the first time or the tenth, I’m happy to help and fun to work with.

Dancing Into Homeownership

I met Dianne and Luke through our mutual friend, Angie. The three of them are part of the Lindy Hop community, and met when they were all living on the east coast. Lindy Hop is a form of dance that became popular in Black communities in the 1920s. The dance has continued to rise in popularity in no small part because of the uplifting and fun form. According to one website, “The spirit of Lindy Hop today is about inclusivity, creativity, and improvisation.”

This beautiful couple decided to transplant to the west coast and we started their search over a year ago, but due to issues with the sale of their home back east, they ended up waiting to purchase until the end of 2020. Though not without some challenges, we finally found them a beautiful bungalow sandwiched between the Mississippi and Vancouver/Williams corridor neighborhoods. This home is spectacular! Original details and updates where needed.

I hope Dianne and Luke are happy in this home for many years to come.

If you or someone you know is looking to buy or sell a home, please contact Amanda Haworth at 503-453-7698 or amanda@livingroomre.com.

Tips for Buying a Multi-Family Home

Purchasing a multi-family home offers a unique set of challenges, when compared to buying a single family residence — especially if you plan on occupying one or more of the units in the multiplex. Given the impact of the global pandemic, there are some additional challenges that buyers will face as well. Outlined below is a (non-exhaustive) list of things to consider and prepare for, if you would like to buy a multi-family home:

 

  1. You will likely have to write an offer before seeing the interior If the multiplex is currently leased, there is a strong chance that all offers will need to be written “subject to interior inspection.” Meaning, you have to submit an offer (and have it accepted) prior to setting foot inside any of the units. This isn’t quite as scary as it sounds, though. If you walk through the units, and are not satisfied with what you see, you can attempt to renegotiate the terms of the offer, or simply terminate the agreement altogether. This type of requirement is usually in place to protect the tenants from having to vacate the premises over and over again for showings. Requiring all prospective buyers to submit an offer (and have it accepted) prior to viewing the interior, helps ensure that only the most serious buyers are being shown the property.
  2. Occupancy may have some challenges — If the current tenants are signed to long-term leases, any new owner of the property will be required to let those leases run their course. If you plan on occupying one or more of the units, this can provide some significant challenges, as most Lenders will require that you move into at least one of the units within 60-90 days of closing — otherwise they will consider it a purchase of an investment property. If the tenants are on month-to-month leases, they will still have to be given 90-days notice for a move-out date, so it’s important to negotiate all of these terms as part of the initial offer for the property.
  3. Inspection and Repair Considerations — When it comes time to inspect a multi-family property, there are a few additional things to consider. a) The inspection will likely take much longer than an inspection of a single-family home, and will also cost more. Both of these will of course depend on the number of units in the multiplex. b) The tenants are not required to move their furniture or personal belongings (nor can we make them) for the inspection. This might mean certain areas are not able to be inspected as thoroughly as we might like. c) The tenants are not required to leave for the inspection (nor can we make them), so there is always a chance that they are present for the duration of inspections. d) If repairs are needed, it may be easiest for all parties if these are handled through a credit or price reduction. Coordinating repairs, providing proper notice to tenants and working out access for contractors — that also fits with the tenants’ schedules — can prove quite difficult, so handling these items monetarily is often the most effective method.
  4. Seek guidance from a Real Estate Attorney — As a Realtor, I specialize in helping my clients buy and sell property. And while I have a loose grasp on a number of the laws regarding tenant’s rights, I am simply not qualified to provide legal advice on those matters. I strongly encourage my clients to speak with a Real Estate Attorney early on in the process, so as to ensure all rules and regulations are properly followed — especially when it comes to taking responsibility for vacating a tenant. It’s 100% worth the financial and time investment to do so. Trying to navigate these topics on your own is just not worth the risk in my opinion.
  5. The Pandemic Effect — Throughout the last year, there have been a number of eviction moratoriums and temporary rule changes when it comes to tenant’s rights. Having an understanding of which laws apply to the property you are interested in will prove critical for a successful purchase. Again, here is where I would defer to an Attorney to provide the proper guidance, which only underscores the importance of having a solid Real Estate Attorney on your team for this venture.

 While this list is certainly not exhaustive of all the things to consider when buying a multi-family home in the Portland area, it’s a good start towards preparing yourself for this type of investment!

 

Next Stage

The Wandschneider family just grew to a family of 4, so it was time to think about moving from their cute little bungalow to a home to grow into. They knew this would be their forever home, so finding a wonderful home and community was very important.  We set out on our first tour and saw a handful of homes not expecting to find “the one,” but as soon as we entered the last home on the tour it was clear this home stood in a league of its own and was very close to their current neighborhood, which they love.  It was fate and we are so very excited to deliver keys to this wonderful home and family!

Keep the Faith People: A Success Story of a Zero Down Payment, First Time Home Buyer Experience

A Zero Downpayment in this market?- Yes!
Under $400k?- Yes!
Cute house in SE?- Yes!
The loan is ‘Just for Starters’ from OnPoint Community Credit Union
Our Rock Star loan officer is Adam Rousse @ Adam.Rousse@onpointcu.com
 
Keep the faith people-
It took four offers on four homes in four consecutive weeks but my wonderful first time home buyers with an eye for ‘cute’ and attention to detail found a wonderful home to call their own. They took possession of their new home two days before Christmas and it was a joy to play a part in helping these two find their first home.
 
My buyers contacted me this fall out of the blue. 98% of my clients come to me by referral, whether it is from past clients, friends, an office referral or a lender referral, but there is almost always some kind of context. When the buyer called me and said that they had chosen to interview with me based on information they had found online, I was really surprised, but thrilled. 
 
Thank you to all of you who have left a review! Your kind words are finding their way!
 
These buyers agreed to a meeting in which we go through the process of a purchasing and I take notes on their goals. This conversation usually ends with the ‘with what?’ question, which is one way to say; what is your budget and what is the down payment? 
When these buyers let me know we’d be under $400k, ideally closer to $350k with a zero down payment loan… I took a deep breath. I know this market and I know very well that there are more buyers than there are sellers. We had ourselves a bit of a challenge, challenge accepted!
 
Right away we got out and started to tour homes. We saw some great ones, terrible ones, underpriced ones and some clearly overpriced. We made three great offers and got beat out very clearly on two. The third we landed a back up offer and the fourth we got acceptance!
 
The inspections went well overall but there were a few items that any buyer would ask for so we made a good case for needed repairs, requests were presented with bids from trusted contractors. The sellers signed off on all requested repairs in the form of $4500 credit to the buyers closing costs!
 
When the appraisal came back $4000 over the negotiated sales price we were clear for landing. These really wonderful buyers had been able to leverage a great loan option to their advantage and scored a great home for their first home together.
 
It’s my honor to work hard and get great results for my clients. I work with both buyers and sellers and love the work that I do.  I, of course, couldn’t do it without my team.  Thank you Nieka and Carly! 
 

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.

3 Key Tips for Relocating to Portland

If you are relocating to the Portland area, and looking to buy a home, here are 3 key things worth considering, which will help prepare yourself for success in this current real estate market. 

 

  1. Find a place to rent first — the timeline for finding the right home to buy might take longer than expected. Extremely low inventory means there will be less homes to choose from, and the multiple offer scenarios we see regularly might mean you miss on a couple homes before ultimately having an offer accepted. Having a stable, open-ended housing situation in the meantime will take a lot of stress out of the process, and help ensure that you don’t have external pressures that force you to settle on a home that you might not otherwise want to buy.
  2. Choose a local Lender — Having a Lender with local market knowledge is crucial for your success in this market. Many Lenders are licensed in multiple states, so it might be tempting to work with your Lender from California, or your big bank that you have an established relationship with. While this may seem like the path of least resistance, I have seen too many scenarios in which this type of Lender selection has worked against a Buyer; particularly during a multiple offer situation. Listing Agents and Sellers want to know that the Buyer’s Lender is in-tune with the local market and local appraiser timelines, which will help ensure the deal closes on time.
  3. Be Open Minded with Location — There are so many great neighborhoods and micro-markets here in the Portland area, and if you are relocating here, you may not be aware of all of them. Oftentimes, it’s helpful to consider the characteristics that you are looking for in the neighborhood that you want to live in. If you have a list of what those things are, I can help identify which neighborhoods might be a great fit! Then, I always recommend spending time exploring those neighborhoods — even spending a weekend doing normal “weekend activities” in the different areas you want to consider. Being open minded is key in this market, as some neighborhoods only have a handful of homes sell in a given month. Eliminating certain areas without giving them proper consideration could mean missing on a great home!

 

While this list is certainly not exhaustive of all the things to consider when relocating to Portland, it’s a good start towards preparing yourself for a move here!

 

2020 wasn’t only full of crap! 

2020 wasn’t only full of crap!

It goes without saying that 2020 has been a messed up year. Politics, COVID, and social unrest aside, I still find myself in a place of gratitude.  It is in times like this we see what really matters… Helping people! I am thankful for the amazing clients I get to help navigate this competitive market and come out on the other side victorious. Today Carson gets the keys to his new house, a place for him and his daughter to make home!

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.

 

 

Dream Team Finds it near Alberta Arts!

I’ve had the pleasure of knowing this family for 2 years through our mutual friends. We first met up in pre-Covid times at Case Study Coffee, across the street from Living Room Realty’s NE Alberta office. From that first meeting, I was impressed by their thoughtful questions and approach to home buying.
We searched for months for the perfect home for their family, and we found it this fall! It’s in a great location and had loads of character, but needed some updates. Luckily, a few well-timed October rains revealed some things during inspection. Plot twist: mushrooms growing in the rafters does not a perfect home make. BUT, just a week later, an even better home (complete with an impressive seismic retrofit) hit the market. Amazing location, great schools. We put together a compelling offer and it was a slam dunk! (Which is fitting, as the three of us, along with their lender, called ourselves the Dream Team.)
I’m going to miss working with these two, but I’m so excited for them as they settle into their new home and explore their fabulous new neighborhood.

How to get it done!

In a market of record-low inventory, increasing prices, and fierce competition, Stefan had the right formula to find a home quickly.  He put less emphasis on the charm and more emphasis on functionality.  The home Stefan found is solid, practical, and on a huge lot.  It will provide him with space for roommates, low maintenance, a quarter acre of yard, and an awesome outbuilding.  The home truly has it all and Stefan saw that so he dove in, threw down, and scored a fabulous home in a growing NE neighborhood well within budget!  Finding a quality home under $450,000 with good spaces and condition in Portland is hard to say the least and Stefan came out victorious!

Another WIN for First Time Homebuyers!

Congratulations to David and Mireille who closed on their first home on Monday. This is the ninth time (insert Ferris Bueller joke here!) we have helped first time homebuyers purchase a home in the last 4 months! Yes — low inventory and low interest rates makes this a sellers’ market, BUT the low interest rates work in our buyers’ favor too — they can afford to pay more for a house while keeping payments at a comfortable level. Moreover, first time homebuyers usually have an edge over competition as they don’t have a home to sell. They have good flexibility when it come to when they can close and take possession.

David and Mireille were flexible when it came to location, which is another hallmark of many of our successful first time homebuyers. Because they chose to consider homes in a broad swath of Southeast Portland, they found a cute and well maintained home in Brentwood Darlington that checked most of their boxes: three bedrooms, open concept living and dining, updated systems, and lovely outdoor spaces. It even has a a fun dining room peninsula from which their beloved cats can slink, play and pounce!

We know David and Mireille (and their kitties!) will have many happy years in their new home. Are you considering purchasing a home for the first time? Now is a great time to explore your options — Call us!

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.

Awesome House, Awesome People.

Hannah and Sasha are just plain awesome and therefore it makes sense that we got them into a truly awesome house. They gave me fair warning at the onset that they weren’t in a hurry and anticipated being very patient in their efforts to find the one. Lucky for them, that the awesome house they wanted showed up more quickly than anyone could have hoped.  Congratulations Hannah and Sasha!  I couldn’t be happier for you!

 

Family first

Nathan was looking for a home in Sellwood that would be close to family and a great spot for his girls. At Nathan’s price point, homes in Sellwood came with a bit of fixing, but Nathan was motivated and clear on his priorities. He is embracing the idea of future projects, knowing the tradeoff is remaining connected to his community and staying in the best location for his kids. Congratulations Nathan!

The long haul…

Sarah and Charles had been in the market for about two years. At a tough price point in a competitive market and with clear location parameters, their search was about the waiting game. To top it off, they were touring homes exclusively virtually, so being their eyes and ears was our goal. Like many buyers, vintage charm (or the potential for the restoration of charm) was something that was important to them. But, charm at this price point can often mean cramped spaces, awkward layouts, or other hurdles. So, when an older St. John’s home with the open spaces they were missing in so many of the others popped on the market, they jumped. They were not the highest offer, but they wrote competitive terms that created a strong case for them as buyers and they won! It was amazing to tour the home with them in person after so much distance and to see their patience pay off!

Cross Country Move…

Amber and Jared were selling their home out of state and had a limited timeline to purchase their new Portland home, so they were motivated buyers with their eyes on the goal! Amber grew up in Oregon, but Portland has changed so dramatically since her time here that their search was in part about becoming reacquainted with the city and finding neighborhoods that would be compatible with their lifestyle. They were moving from a community they LOVED, so finding a neighborhood that fosters connection was important to them. Luckily, they still have close friends and family in town, and those that know them best pointed them toward the Maywood neighborhood. When they drove down Maywood’s tree-lined streets, busy with neighbors walking and socializing, it simply felt like home.

Masquerade Ball…

Or at least that’s how it felt… Duplex, Triplex, and ADU were the costume themes for this ball, but what lay underneath was non-confirming units, no permits, and much much more.  The process involved a lot of researching and educating our client on the risk he would be taking on and the impact this has on value.  We do not take this process lightly and our client saw that. As an agent who prides herself on education and helping a client see potential pitfalls, constantly poo-pooing options felt daunting… The search felt like a game of line them up and knock them down UNTIL we came across an amazing property with historic character intact and permits!  This home was as it seemed… a place for our client to settle into, that would also provide income.  Way to be patient!

Fresh Energy!

The stress and anxiety leading up to the election this year was like none other before it. It felt like so much of our future hinged on this election, and I was nervous about whether Americans would vote to restore a sense of competency in the White House. As a Realtor and business-owner, it was such a huge relief to see Joe Biden elected as President; knowing that someone who actually cared about the American people and small business would be running the show. There are so many challenges we will all face as we try to dig our way out of the devastating effects of the pandemic, but for the first time in 2020, it feels like there is light at the end of the tunnel. Congratulations to President-elect, Joe Biden, and Vice President-elect, Kamala Harris!

Moving On Up to Mt. Tabor

A little over 4 years ago a most fabulous lady named Claire contacted me to help her purchase her first home. At the time, she was working for a non-profit and while she didn’t have a lot of funds or a high paying job, she did have fierce determination to buy a home. It took a while, and included several grants and first time home buyer programs, but she wound up purchasing the most adorable condo ever that I was listing. My seller on the condo had purchased the condo a couple of years before, and then met the love of her life and they sold the condo to buy a bigger home. Claire wound up buying the condo after a break-up with a former partner. Fast forward 3 years and Claire contacted me again because she had met the love of her life Timothy. Claire had moved out of the condo into a larger apartment with Timothy, and she was ready to sell the condo. I listed the condo and within a couple of weeks got a great offer and a month later she closed on the condo and that chapter of her life. Timothy is a veteran and eligible for a VA loan. I hooked them up with Jennifer Leon over at Umpqua who is fabulous with VA loans and they got pre-approved for a nice sized loan. Off we went to go look at good sized detached houses with 3 and 4 bedrooms in great parts of town.

We spent a solid weekend looking at 10+ houses, and as often happens, they fell in love with the first house we saw. It’s a brand new 4 bedroom home with a legal ADU that sits on the edge of Mt Tabor and has a lovely west facing view. With both of them working from home, this house has plenty of space for a home office and future bedrooms for their hopefully expanded family. And with the ADU on the bottom floor, it provides a great space for a renter or as a space for family to come stay for longer visits once a baby comes on board. After they decided that this was the house they wanted to buy, they got back in touch with Jennifer for a pre-approval letter to go along with their offer, and found at that the interest rate was only 2.5%. TWO POINT FIVE PERCENT! Whut?!?  Claire and Timothy had a monthly budget and at that low of a rate, it meant that they could do 100% financing and still pay several hundred less a month then what they had budgeted for. We all had to slap ourselves silly when we found out how low their monthly payments would be- even with zero down.

We wrote up the offer, had it accepted, went through inspections and with the exception of a very unexpected find of an abandoned oil tank on a property with new construction, (that thankfully had not leaked) sailed through the transaction. A little more then 3 years after I handed Claire her first set of keys to her very first home, I had the privilege of handing over the second set of keys to an even bigger and better home.

Get Out Your Favorite Pens Folks Because We Are About To Check ALL THE BOXES

Congratulations to Nathan & Isabelle!!

My clients are some of my favorite people! I’m proud to say my business is entirely referral-based which means there is a high level of trust naturally built-in to our relationship from the beginning.  Nathan and Isabelle were no exception. They were referred to me by Nathans’s sister, Jenn, who has been a client for years. As expected from already knowing Jenn, Nathan and Isabelle are some of the sweetest people on the planet. They were looking for a cute house with a yard and an oversized, clean garage. Nathan’s hobby is car racing so he needs a nice space to work on cars.

Nathan and Isabelle saw a good number of homes that didn’t quite hit the mark, but they were troopers and stuck with it. They knew exactly what they wanted and they were not willing to compromise. So, when this cutie popped up they knew it was the ONE and they were ready to jump on it!

The market is very competitive right now and Nathan and Isabelle were on board to put together a very competitive offer that was accepted without hesitation! I think it really helped that they had seen a lot of houses already, so they knew a gem when they saw it and were ready to fight for it. This house couldn’t be a better fit for Nathan and Isabelle! Seriously, it almost seems as if they manifested it, that’s what a great fit it is. They did the right thing by waiting for something that checked all the boxes!

Here’s to their new home!

MID-CENTURY LOVE

Jenna and Jeff loved their mid-century home, but needed more space and wanted to improve their school district.  We explored older homes, but nothing gave them the comfort of solid mid-century construction.  They were patient, realistic, and open-minded, all of which led us to the perfect storybook home and sale. The sellers were a couple that cared for their amazing mid-century for the past 55 years and were ready to move to a smaller place. Jenna and Jeff were ready to take on the stewardship of this well-loved home and yard (Jeff’s an avid gardener).  This experience has been more than they ever expected, both because of the house and the rare opportunity to truly meet the owners.

To Be Young Again

It was so much fun helping Alex and Jessica find their first home and start their life together.  They have been married for 2 years, living with roommates as they saved for this.  All their hard work and patience to make their dream come true was supported by appreciation, eagerness, and excitement, which I simply found so refreshing and a privilege to be a part of.  Now they have a space for their big couch (a couch they bought together and love) and a yard for a new puppy!

A New Perspective

As we approach the end of the year, I always spend time reflecting back on the market for that year — where my business came from, whether I was able to improve my level of service and expertise, and the motivations that inspired buying and selling decisions. This year was markedly different from any previous year for many obvious reasons. As Realtors, we all had to adapt to changes in the way we conduct business — Zoom calls instead of face-to-face meetings, no-contact showings and never-ending supplies of hand sanitizer.

In many ways, the vast reduction in face-to-face interaction was the hardest part to cope with. Building and maintaining solid connections with my friends and clients is one of the most rewarding parts about my career, and being able to spend time together in-person has always been my favorite way to do so.

With that said, the intrinsic gratification of helping a client accomplish their goals seemed to be at an all-time high this year. Many people’s motivation for buying or selling a home this year was predicated on the idea of finding more space. Whether that be for multiple offices to work-from-home, more yard space for spending time outdoors or more space to spread out at home and stay sane, it seemed that everyone was looking for ways to develop a new appreciation for being at home, since all of us were spending so much more time there. And with the heightened sense of anxiety that so many of us have been feeling, there were additional layers of stress added to each real estate transaction.

All of this made things just that much more exciting though, when a client was able to successfully accomplish what they set out to do. And, it helped add some sparks of joy to both mine and my client’s year. I am always so grateful for all my friends and clients who choose to work with me, but this year has been extra special. Thank you all for your continued trust and support!