Tag: first-time homebuyers

Irvington Four Square: SOLD!!!

Posted on by Veronica Powell

We gave this beauty a little love before coming on the market (i.e. interior paint, gorgeous floor refinishing, updated lighting, etc.) and our efforts paid off with 6 very strong offers all over asking price!  If you’d like to see similar results on the sale of your home, reach out and me and my team of professionals can get to work!

If you’re looking for a house like this, I can help with that too.   Four Square’s are a very desirable architectural style that boast high ceilings and a true second floor (no awkward finished attic spaces!).  These don’t come on the market often, in this price point, and when they do (if marketed properly) are usually in high demand.  I can help you navigate competing offers and get you into your next home sweet home.

More Photos

Veronica Powell

503.936.3575

Veronica@LivingRoomRE.com

 

The Value Of An Agent – Guiding Clients

Posted on by Jessica LeDoux



The Value of Local Expertise

Expert real estate guidance is essential when you’re learning a new city. You may get to know the city and even understand it well, but it takes time to gain the deep-seated context that a lifetime resident has. The perspective and understanding of a long-time local often come from a broader and deeper well of experience. The same applies to real estate. While we work with people who have varying levels of real estate knowledge, even the most informed clients will encounter unknowns—questions you may not even think to ask unless you’re immersed in the daily flow of research and conversation that comes from being in this business for a long time. In short, there are always things you don’t know that you don’t know.

We want to lead the charge and help you ask the right questions. We want to elevate your questions, dig deeper so you are empowered to make the best decision for you and from a foundation of considering all angles and arriving at a place of clarity and understanding.

Creating a Lasting Connection with Your Home

This is more than a transaction, more than a piece of property, more than an investment. In many cases, this is where you are going to live and create memories. It’s the roof over your head. It’s security. We want to help you protect your investment, but also appreciate how momentous a decision this is and how impacting the right home can be through all the different phases of life. Needs change, but we can help you think through possible trajectories so you can optimize your relationship to your home in the long run.

Celebrating Your Real Estate Journey

Perhaps most importantly, this is FUN. You are approaching a change, a transition, crossing a milestone. We see how huge this is and know it is cause for celebration along the way.

Navigating Home Inspections in Portland: Your Ultimate Guide

Posted on by Will Sing

Buying a home is exciting, but inspections can be nerve-wracking. To make sure your investment is sound, understanding the inspection process is essential. This guide breaks down what an inspector does, how to read inspection reports, and how to tell major issues from minor ones. Let’s explore what you need to know to approach your home inspection confidently.

Home Inspections: What to Expect

A home inspection is like a comprehensive health check-up for a property. Most inspections are performed by general inspectors who identify red flags in a home’s structure and systems. If needed, they will suggest that you consult a specialist for further evaluation, such as an electrician or plumber.

Think of your inspector as a general practitioner. They look at everything broadly and point out areas that need more attention. For example, they might notice an issue with plumbing, but only a licensed plumber can evaluate the severity and cost.

Common Types of Inspections and Costs

In the Portland area, buyers often encounter several types of inspections. Here’s what you should know:

  1. General Home Inspection
    • Cost: $400–$600 (depends on property size)
    • Details: This inspection covers the home’s major systems and overall structure.
  2. Sewer Scope
    • Cost: $140–$175
    • Details: A camera inspects the sewer line for proper connection and damage. This test helps prevent surprises with sewer repairs down the line.
  3. Radon Testing
    • Cost: Often included in general inspections or available as an add-on
    • Details: Radon is a naturally occurring gas. It can accumulate, especially in basements. Proper ventilation helps keep radon levels safe.
  4. Oil Tank Inspection
    • Cost: $125–$150
    • Details: Older homes may have underground oil tanks. These need decommissioning to prevent environmental risks.
  5. Septic Inspection
    • Cost: Varies; the seller may cover pumping costs for inspection
    • Details: If a home isn’t connected to city sewage, a septic inspection checks that the system works properly.

Common Issues Found During Inspections

Inspections often reveal issues. Understanding what’s critical versus cosmetic helps you navigate this stage smoothly. Here are common findings:

  1. Mold
    • Mold is typical in the Pacific Northwest due to the wet climate. Professional mold remediation can fix the issue, provided the moisture source is corrected.
  2. Water in the Crawl Space
    • This issue can be resolved with French drains and sump pumps. Water damage is serious, so addressing it promptly is key.
  3. Dry Rot
    • Dry rot weakens wood. Small areas can be managed with targeted repairs. However, extensive dry rot requires immediate attention.
  4. Rodent Infestations
    • Rodent problems are fixable. Sealing entry points and setting traps usually solve the issue. The cost can range from $800 to $1,000 over several months.
  5. Structural Concerns
    • Vertical foundation cracks usually mean normal settling. However, horizontal cracks or diagonal ones around windows and doors may indicate a more serious issue.

Key Systems to Evaluate

During your inspection, certain systems deserve special attention:

  • Plumbing: Inspectors will check copper, PEX, galvanized, and PVC pipes. Galvanized pipes, for example, corrode from the inside out and may need replacement.
  • Electrical: Watch for outdated wiring like knob-and-tube, which poses fire risks. Also, check the electrical panel. Older panels, such as those from Federal Pacific, can have a higher chance of failure.
  • Roof: The most common types are asphalt shingles, metal, and clay tiles. Asphalt roofs last 20–30 years, while metal can last up to 100 years.
  • HVAC System: Make sure to check the age and efficiency of the system. A new HVAC system is a plus, especially during Portland’s hotter months.

Negotiating After the Inspection

Inspections often open the door for negotiations. Major issues, like a damaged roof or significant plumbing problems, can become points for discussion. However, don’t expect sellers to cover cosmetic upgrades or major remodels. Those responsibilities typically fall to the buyer.

Final Takeaways

A home inspection report can be overwhelming, but it’s an invaluable resource for understanding your investment. Prioritize issues based on their urgency and importance. Remember, every home, whether new or old, requires maintenance. Setting aside part of your budget for repairs and upkeep can help you manage these expenses smoothly.

Have questions or need help navigating the home-buying process in Portland? Reach out anytime. I’m here to ensure everything goes as smoothly as possible.

For more insights, watch the video: Navigating Your Home Inspection: Key Areas to Focus On

Meowdy! Congratulations to Woodstock Portland’s newest neighbors!

Posted on by Nicole Chavira

Story time about this dynamic duo Jason and Tamara! They began their home search with me in early 2021. They pulled out on a potential purchase that just wasn’t quite right for them that year. They took a break from the home search (this happens on occasion and for good reason). We stayed in touch over the next few years and I was thrilled when they came back around the end of 2023 to update their home search and peek at what the current market had to offer!

We got an offer accepted on a condo that turned out to need more repairs than the HOA had budgeted for, so they terminated. Thank goodness for the many contingencies during the home purchasing process that protected my clients to uncover all they needed to make the educated decision to move on from that one. Although it was a huge disappointment for them, they did not get discouraged or give up on their dreams of home ownership. They jumped right back on the saddle and asked to tour new homes! I was so proud of their trust in my guidance and faith in themselves to get to the finish line.

They found a gorgeous new construction home that offered what is called an SDC exemption (System Development Charge). This is a program that assists developers by reducing their development costs when building affordable residential housing. T & J diligently worked on getting that application in after our offer was accepted, and they were approved for $30k off the sales price AND over $9k in closing costs covered by the seller!

They are now MOTHER F*CKING HOME OWNERS!

Special shoutout to our trusted lender Cat Jerger with Guild Mortgage for her excellent service!

Way to go my friends! It’s been a true pleasure. Wishing you many beloved memories of game nights, play time with your fur baby Ophy and new neighborly friendships in your new home.

Shakira’s new digs in NE Portland!

Posted on by Nicole Chavira

Our journey began when we first met at one of my open houses where I got the pleasure of meeting Natalie and her pup Shakira! We hit it off and I knew I wanted to become her trusted real estate professional and answer more of her home buying questions.

We kept in touch and she introduced me to her husband Steve when they attended one of my “First Time Home Buyer” classes, co-hosted with Cat Jerger at Guild Mortgage. We gave them education and confidence to take the next steps and applied for a mortgage loan.

Soon after they were pre-approved, we had our one-on-one buyer consult over zoom, set them up on a personalized home search and hit the pavement on a very enjoyable home search!

We even had some time to bring in a few of my trusted contractors to give them remodeling tips and bids to assist them in their decision making.

They found an amazing home to put an offer in on and we got it for $10k under the listing price AND got the seller to agree to pay the full $24k HOA special assessment that was due! The cherry on top is when their appraisal came back above their purchase price!

When I tell you that I continuously hit the jackpot when it comes to having the best clients that turn into friends, they are a prime example!

I have even had the joy of receiving remodeling updates from them since their closing day. I can’t wait for the invite when they are ready to showcase their hard work.

Steve and Natalie, I know you will turn the house into a home with the love you have for one another, the love you are putting into your new pad and the love you give to others.

Thank you for trusting me on your successful path to homeownership!

Also a special shout out to Jessie Hammons at WFG National Title for all her hard work!

The Art & Science of Pricing A Home

Posted on by Kat Gilpatrick

Determining what the market will pay for your home

Coming up with the right price to list your home is daunting.

 

  • It’s not a fixed number, or what we might expect to get for it – it’s not the number we need to make to break even on renovations or to what you need to buy our next home.
  • It’s not what a neighbor got for hers last week or last year, it’s not what one of the property listing sites estimates you could fetch.
  • It’s not the appraisal value of your home, either, which is a doozy to digest – and why wouldn’t it be?

 

If our homes are so unique — and we’ve put so much great care, time and investment into improvements, etc. why can’t we ask for the number that represents that?

I mean, you CAN — you can end up pricing your home however you like, at the end of the day. It is the homeowner’s choice —  but, if the end goal is to sell your home, with the expectation that someone will pay X amount for it, and in a reasonable amount of time — this often falls into the strategy philosophy camp I like to refer to art and science.

The science is data – what’s for sale right now that compares to your property? What similar homes have sold in the last 3, 6, 12 months in your area? What is that average price per square foot? And then comes the delicate science — and math of finessing the numbers to reflect the more unique or bespoke characteristics of the home. Sauna? Tennis court? Flag lot? Oh, the considerations and calculations!

The art bit is understanding people – the buyer — where the market is at, and what is the tolerance for price range where you are, at this exact moment? Where are the interest rates? What are people buying? Is it a condo? How many days on the market in that zip code have similar properties taken to sell? Is your style of home super popular right now? That neighborhood is so hot homes sell in less than a week? That’s data, too, of course, but it’s truly understanding that mindset, that appetite that is the real finish work when it comes to determining the price at which to sell your home. The additional artistry is understanding your priorities when selling? Have to have it sold quickly? Don’t care how long it takes you want the right buyer who’s willing to pay your price?

Of course all of these things factor in. It’s touches on the emotional, the financial, the very core of our fears and that which is most important to us. That’s why it’s so incredibly nerve-racking thinking you’ve either left money on the table or you’ve aimed too high and over-reached, possibly having to consider a price adjustment or pulling it from the market until a different time or after having done some value-add improvements.

 

It’s a tough conversation at times. Often, I’ve found, through the art & science method, you can determine a range: factoring all of these elements in, that provides something that everyone can tolerate — and possibly, very possibly, find very satisfying on closing day.

 

Portland’s Real Estate Tapestry: Quirky, Green, and Welcoming

Posted on by Jessica LeDoux

Welcome to Portland, where the real estate market is as eclectic as the city itself. In 2024, navigating Portland’s housing scene feels like embarking on a treasure hunt through a maze of coffee shops, food trucks, and indie bookstores. Buckle up – we’re diving deep into the weird and wonderful world of Portland real estate!

Neighborhood Chronicles: Where the Streets Have a Story to Tell

Let’s start our journey in Southeast Portland, where each neighborhood has its own distinct personality. From the bohemian charm of Belmont to the artisanal vibes of Division, every street corner whispers tales of local lore and community spirit. Imagine strolling down Hawthorne Boulevard, where vintage shops rub elbows with craft breweries, and front porches are adorned with succulent gardens that rival the botanical gardens downtown.

Hipster Havens and Hidden Gems

Portland’s real estate scene isn’t just about homes; it’s about lifestyle choices. Want to live in a converted warehouse-turned-loft in the Pearl District? Or perhaps you’re drawn to the tiny house movement flourishing in Kenton? Every corner of Portland offers something unique, whether you’re craving a cozy bungalow in Laurelhurst or a sleek condo overlooking the Willamette River.

The Art of the Deal: Portland Style

In Portland, navigating real estate deals can feel like balancing on a unicycle at a street fair. Bidding wars are still a reality, especially for those charming, well-marketed homes that everyone loves. While some properties linger on the market, politely waiting for a price drop might mean missing out. The key? Partner with a savvy agent who can spot the hidden gems and negotiate before a new price tag sparks a frenzy. It’s not just about making an offer; it’s about crafting a strategy, staying ahead of the curve, and sometimes, acting faster than you can say “locally roasted coffee.”

Sustainability Meets Style

Speaking of sustainability, Portlanders take green living seriously. Homes with solar panels, rainwater collection systems, and edible gardens aren’t just trendy; they’re a testament to Portland’s commitment to eco-friendly living. Want to reduce your carbon footprint? There’s a passive house for that. Prefer to grow your own kale? Welcome to the urban farm movement.

The Portland Promise: Where Community Comes Home

Beyond the quirky cafes and food carts, Portland’s real estate market is a reflection of its vibrant community spirit. Neighborhood associations thrive, fostering a sense of belonging that goes beyond property lines. Whether you’re attending a block party in Sellwood or joining a community garden in Woodstock, buying a home in Portland isn’t just about four walls; it’s about becoming part of a larger narrative.

Finding Your Place in Portland’s Patchwork

As we wrap up our tour of Portland’s real estate scene in 2024, one thing is clear: this city isn’t just a place to live; it’s a place to belong. Whether you’re drawn to its quirky charm, its commitment to sustainability, or its thriving community spirit, Portland offers a home for every dreamer and doer. So, grab your bike, sip on some locally brewed kombucha, and let’s explore what makes Portland the city where weird meets wonderful – and where every house tells a story.

When Should You Bounce on a Pending Home Purchase?

Posted on by Lydia Hallay

Buying a home is one of the most significant decisions you’ll ever make, and the stakes are high. In today’s market, competition for desirable homes can be intense- and once your offer is accepted, it’s easy to become emotionally attached to the idea of a new life in your new home. However, sometimes, despite the excitement and effort put into a winning offer, walking away from a pending purchase is the best decision. Here are key scenarios where it might make sense to reconsider your decision.

1. Unresolvable Issues in the Home Inspection

A thorough home inspection is a critical step in the home buying process. If your inspection uncovers significant issues such as structural damage, outdated electrical systems, plumbing problems, or mold infestation, these can lead to substantial repair costs and potential safety concerns. While most issues can be resolved (either through seller repairs or concessions from the seller that make repairs possible after closing), major problems may not be worth the risk or expense. Key questions to consider are, “is the seller willing to negotiate?” and “are these issues ones I can address over time?” Your realtor will be your best guide on sussing out what’s possible- and, making sure that you are able to protect your earnest money if you decide to walk.

2. Appraisal Comes in Lower Than the Purchase Price

In Portland’s competitive market, bidding wars can drive prices up. However, if the home appraises for less than the agreed-upon purchase price, your lender may not approve the full loan amount. This means you’ll need to come up with the difference out-of-pocket, which may not be feasible. If the seller is unwilling to lower the price- or, you’re unable to bring extra cash to the table to bridge the gap- it might be wise to walk away. If you suspect a home you’re writing an offer on won’t appraise at value, work with your realtor on crafting an offer that offers protection against appraisal gaps. While most homes out there appraise “at value,” a low appraisal doesn’t always mean you need to walk. Your realtor can often gather additional information to help you appeal an appraisal and hold things together.

3. Title Issues

A clear title is essential for a smooth home purchase. If the title search reveals unresolved liens, disputes, or legal issues, these could become your responsibility after the purchase. Title insurance can provide some protection, but unresolved title issues can be a deal-breaker. Your realtor can help you determine whether a title issue is resolvable, or whether it makes more sense to bounce.

4. Financing Falls Through

Even with pre-approval, changes in your financial situation or the lender’s policies can cause your mortgage to fall through. Losing your job, acquiring new debt, or significant changes in interest rates can impact your loan approval. Without secure financing, proceeding with the purchase isn’t possible without an alternative plan. Be sure to keep your realtor (and your lender) abreast of any potential changes- that way, there’s time to try and pivot.

5. Neighborhood Concerns

After making an offer, you might discover issues with the neighborhood that weren’t apparent initially. This could include plans for undesirable developments or zoning changes that change livability or future property values. If the community doesn’t meet your expectations for safety, amenities, or future growth, reconsidering the purchase is prudent. Working with a realtor who is well-versed in the neighborhoods you’re shopping in is a great way to avoid problems from the start.

6. HOA Restrictions

If the home is part of a Homeowners Association (HOA), it’s crucial to review their rules and regulations. Excessive restrictions, high fees, or poorly managed HOAs can lead to ongoing frustrations and financial burdens. If the HOA terms don’t align with your lifestyle or budget, it’s a valid reason to walk away. Your realtor may suggest that you consult with an attorney as you are reviewing HOA documents.

7. Seller’s Non-Disclosure

If you discover that the seller has intentionally withheld important information about the property, such as past damage, renovations without permits, or neighborhood disputes, this breach of trust is a significant red flag. Full disclosure is essential for making an informed decision, and lack of it can justify backing out of the deal. It’s important to note that most sellers don’t know *everything* about the property they’re selling- so consult with your realtor if you have concerns about what’s been disclosed. Sometimes, it’s just an ordinary oversight on the part of a seller- and can be remedied with simple clarification paperwork. Other times, it’s more serious. Your realtor can help you sort the difference.

8. Personal Circumstances Change

Life is unpredictable. Job relocations, changes in family dynamics, or health issues can arise, making the purchase impractical. Personal well-being and stability should always come first, and sometimes that means delaying a home purchase. If you’re thinking of making a home purchase- let your realtor know of any potential life events that are on your radar. They can help you make informed decisions about how best to pivot, if pivoting is needed.

The Takeaway

Walking away from a pending home purchase isn’t a decision to be taken lightly. Sometimes, there are big financial consequences to bailing- including losing your earnest money or legal action from the seller for breach of contract. But sometimes- walking is the best course of action to protect your financial and personal well-being. Your realtor can help you evaluate options and guide you though the proper way to exit a transaction.

Buying a home is a big deal. Your realtor can help you conduct thorough due diligence, seek additional professional advice, and make decisions that protect your interests. The right home, free of significant issues and in a suitable neighborhood, will eventually come along. Remember, it’s better to wait for the right opportunity than to regret a rushed decision.

Have questions about the home buying process? Thinking of making a move? Reach out! I’d love to help you find your next Living Room.

Step-by-Step Guide to Making an Offer on a House in Portland, Oregon

Posted on by Yomari Cruz-DeWeese

Want to buy a house in Portland, Oregon? Here is your step-by-step guide to making an offer on a house! 

In home buying as in everything else, knowledge is power. The following list of steps is intended as a step-by-step guide to what YOU can do to best prepare yourself for making an offer on a house and making one of the most important purchases for your family and your life.

  1. These first two steps are fun, and you can start doing them and continue as you’re answering the harder questions which follow:
    1. Start perusing online real estate listings as soon as you can, but with the idea that you are not necessarily looking for the house you want to buy, but rather just educating yourself about what’s out there. Look at lots and lots of houses and decide what excites you and what doesn’t. Do you like older houses? New construction? One or two (or more) floors? A finished basement? How important is a yard to you, and what do you want to do in the yard? How many bedrooms and bathrooms? You can also go to open houses. 
    2. Also, start frequenting the neighborhoods you’re interested in. If you want to buy a house in the neighborhood where you already live, you’ll do this naturally, but if, for example, you live on the west side of Portland and are interested in moving to the east, start walking around the eastside and getting to know the various districts, so you can get a feeling for where you might like to put down roots.
  2. Identify the reason you want to buy a house. Is it because you want a place to live and raise a family over the long term? Is it because you want an investment? Do some soul searching, figure out your true objectives in buying a house and let that objective guide you in all the next steps. For example, if you’re looking for a place to raise a family, whether or not a particular house will rapidly appreciate in value (or even appreciate at all) may not be as much of a concern as if you are looking for a house as an investment. 
  3. Identify whether you have any time pressures. Is your lease ending soon? Do you have a good opportunity to sell your current house? What are the current mortgage rates, and how might that affect your ability to get into the house you want? For most people, buying a house is one of the most significant investments of their lives. You should look at tons of houses, all kinds of houses, and really figure out what kind of house you like, so you can make the best of this very important decision.
  4. Identify whether this is the right time to buy a house for you. Answering this question really depends on your particular situation. In a market where interest rates are high, buyers who need to rely on financing for most of their purchase price may want to take a hard look at whether it is really the best time for them. At the same time, since so many people will be thinking the same thing, there may be less competition in a high-rate environment, so it may be easier to compete for the home you really want. And in a high-rate environment, cash buyers sometimes have great opportunities, for the same reason.
  5. Identify whether you need a house that’s in perfect condition and needs no improvements, or whether you have appetite for somewhat of a fixer. If you’re handy, being open to a house that needs some work may open up some possibilities that you might otherwise not have.
  6. Now make a list of wants and needs. Figure out what items are negotiable, and which are not. These may change over time, but it’s helpful to write this stuff down to organize your search. Be sure to share this list with your buyer’s agent!
  7. Now it’s time to talk to a mortgage broker. While some people like to stick with the banking relationship they may have developed over a long period of time and get a mortgage directly from their bank, I generally recommend that people at least talk to a mortgage broker. Banks have the mortgage products they have, and bank employees don’t have much choice but to offer you those products, whatever they may be. In contrast, because mortgage brokers get paid by connecting people with lenders, mortgage brokers have a huge incentive to ferret out the best deals, and the best brokers will really spend some time with you to understand your particular financial situation and real estate objectives and find the best mortgage product for you.
  8. Once you have talked to a mortgage broker, you will understand how much house you can afford, and what your range of purchase prices may be. Keep in mind that the purchase price of a house is only the starting point of how much the house will cost you – there may also be:
    1. Mortgage insurance (usually applicable if you put less than 20% down);
    2. Homeowners insurance;
    3. Property tax; and
    4. Utilities (water, sewer, garbage, gas, electric, etc).
  9. Additional potential expenses: 
    1. Repairs and Maintenance. As you figure out how much house you can afford, keep in mind that you may need to budget for more than just monthly expenses. You should understand how much of a short term budget you have for both routine maintenance and necessary major repairs. What if you end up buying a house that will need a new roof in the next five years? What if the furnace breaks down? Thinking about these potential expenses, and understanding what cash you’ll have available to pay them, will help a lot when you find a house you want to make an offer on.
    2. Other. Some houses have features that are great but cost money. Be aware.
      1. Homeowners Association Fees (can be a major cost);
      2. Pool and hot tub maintenance;
      3. Fireplaces and chimney cleaning;
      4. Etc.
  10. Now it’s time to look at houses FOR YOU, but it’s also time decide whether you want to work with a real estate agent. Buyer’s agents are a dime a dozen on the internet; the trick is to pick the right one. There are many factors to consider, and I will write about this in another post, but, in a nutshell, you should first try to get referrals from friends you respect and who seem to “have it together.” If someone you trust had a great experience with an agent and got a house they love, you probably want to talk to that agent. Remember, this is one of the most significant purchases you may ever make, and you want to find someone who respects that and brings that perspective and sense of importance to helping you. That may not be the person who has spent the most money on making sure they appear first in Google searches. Then you should interview at least three or four agents before deciding. And once you pick one, remember, you’re not locked in to your buyer’s agent. If you hire someone and they’re not working out or you are losing confidence in them, you can almost always terminate the relationship and find someone else. Don’t worry about hurt feelings – we are professionals, and what we want (or should want) is for you to have confidence in the services you’re getting from us. If you don’t have that confidence, you should find someone who you click with better. This is our job, but it’s your life.
  11. Look at houses. Lots of houses! In the beginning, try to cast as wide a net as possible, and look at a ton of different houses in a ton of different neighborhoods. You may think, going into the search, that you know what you want in a house and where you want to live, but you may change your mind after seeing what’s out there. 
  12. DO NOT FALL IN LOVE WITH A HOUSE (it’s easy to do!). This process is going to be full of emotional ups and downs. If you’re in a competitive market (and Portland is very competitive), it’s likely that you will be facing competing offers for the house you decide on. You may lose that competition, and it may happen multiple times. It is so easy to look at a bunch of beautiful house pictures on real estate websites and imagine yourself so happy living in one, and then be so disappointed when it doesn’t happen. But even more importantly, see if you can put some emotional distance between you and your house search process. Now that you’ve done the work of answering questions about what kind of house you want, why you want to buy, why it’s the right time for you to buy, and how much you can afford, you should be somewhat dispassionate about evaluating houses objectively to determine whether they fit your criteria. Honestly, this is a big reason people hire professionals to represent them – the professionals represent YOUR INTERESTS. Lawyers have a saying: “a person who is their own lawyer has a fool for a client” – meaning that it’s extremely helpful to rely on a professional who can bring their expertise to bear for your benefit, without any emotional entanglement or personal interest. The same thing is true for real estate agents.
  13. When you’re looking at houses, remember to find out how much the expenses of that house truly are. What are the monthly taxes and approximate cost of  utilities? Look at the condition of the roof and the basement. Determine whether any major repairs will be due, or if you’re going to have to do some remodeling to have the house you want. A good agent should be able to help you get accurate answers to these types of questions.
  14. When you find a house that you want to buy, figure out what offer you can afford to make that will make the seller choose to accept your offer. Trusting your agent to gauge potential competition, tell you if the home is well priced, and to communicate with the listing agent to help you assess what a strong offer would be, is crucial. Knowing you can listen to your agent’s recommendations to put your best foot forward is how you get the house. Understand that after your offer is accepted, you will have an opportunity to get a professional home inspection done of the house, and if you don’t like what it reveals, you can terminate the transaction and move on, no harm no foul. In fact there are many protections for buyers in the standard Oregon sale agreements I will write about in a future post!
  15. Before you make the offer and do a formal home inspection, there are a few things you can do to “kick the tires,” such as:
    1. Does the house have a basement? Check it out in rainy weather to see if it’s leaking. Also check out the yard to see how it’s draining.
    2. How is the water pressure in the house? How is the water pressure with all of the taps open and the toilet flushing?
    3. Are there trees near the house? I love trees! Trees are great! However! If they are deciduous trees, you could be paying someone each year to clean your gutters. The roots could damage the foundation. And if you currently live in Portland, you’ve seen the damage falling trees can cause in ice storms. Tl/dr: trees = good, but be aware.
    4. Look for squeaky floors; make sure the floors are level.
    5. Look for signs of leaks around water fixtures, sinks, toilets, tubs and showers.
    6. Check out how old and how clean the appliances are. Would you be happy using them for the foreseeable future, or will you want to buy new ones? If so, make sure you understand the cost of what you want to put in.

If you’ve done everything listed above and are satisfied that you would be comfortable assuming ownership of the house, and understand the costs involved, go ahead and make an offer! A great real estate agent can help you get through these steps, will guide you through the transaction once your offer is accepted, and will help you get to the finish line and into your new Living Room. 

Portland Oregon Real Estate Market Update for March 2024

Posted on by Lily Ray Wyss

What we discuss:

How we are seeing higher real estate market activity across the board.

The benefits of this market for sellers.

How competition is high for buyers even though rates are still high.

The NAR settlement.

The Spring real estate market is in full swing and it shows in the numbers:

New listings were up 7% last month with 2,085 homes hitting the market.

Pending sales were up 16% with 1,742 homes going under contract.

Sold home activity was up 16% with 1,284 homes going to new homeowners.

Inventory of homes went back below 3.0 months down to 2.8 months.

The average sales price also did not move much with an average of $609,000.

Overall we have been trending back to a hot sellers market and that market is here.

Even with high interest rates (which unfortunately are predicted to stay at current levels through the summer) buyers are finding new motivation and are out there and ready to buy.

If you are a potential home seller this is great news.

When we take the proper steps to prep your home, stage it, market it and most importantly price it right (this is especially important with rates still being high) we have a higher likelihood of entering into a multiple offer situation than we have seen in the last year or so.

We should see buyer activity remain high through the rest of the Spring and early Summer but it will likely tapper off as we head further into the year. So time is of the essence to some degree if you are looking to take advantage of the current market.

If you are a home buyer or someone thinking of buying a home this year, competition certainly is back.

When we find a home you love, you can expect that you will likely be competing with at least one other buyer.

But don’t fret, we have a bunch of high level negotiation strategies we can use to help you compete and win.

Also, if you have seen the news lately, you have probably heard of the NAR (National Association of Realtors) Settlement regarding agent compensation and transparency. I talk a bit about it in the video above (I believe around minute 5) but if you have any questions and or want to talk about it in more detail I am here.

And as always, if you are wanting to talk more about your Spring home buying or selling plans I am here for you. While this market is seeing higher activity overall, different areas/price points/style of homes have their own unique micro markets, so its important that we talk one on one about what you can expect based on your own needs. You can find my contact information below.

Celebrating Single Women Homeowners in Oregon

Posted on by Erin Middleton

Did you know more single women than men own homes in Oregon? Yep! According to census data by Axios, 12.2% of homeowners in Oregon are single women compared to 9.4% of homeowners who are single men. So if these women can do it, so can you! Where to start?

Embarking on the journey to purchase a home as a single woman can be an incredibly daunting experience. Where do you begin? How much money should you spend/pay/save? Who should you work with? Where should you buy? Where should you NOT buy? Etc. etc. From financial planning to navigating the real estate market, I’m here to help you overcome these unique challenges. Here are five tips to help you get started.

1. Know Your Budget
Before diving into the house-hunting process, it’s crucial to have a clear understanding of your budget. Take the time to evaluate your financial situation, including your income, expenses, and savings. Consider consulting a financial advisor to determine how much you can comfortably afford to spend on a home, taking into account factors such as mortgage payments, property taxes, insurance, needed repairs, and cosmetic upgrades.

2. Research Your Desired Location
Educate yourself about the hyper-local real estate market to gain insights into current trends and property values. Pay attention to factors like proximity to amenities, safety, and future development plans. Drive your commute route and see if it makes you happy. Commute time can weigh heavily on overall happiness, so while you might be living close to restaurants & shops, it’s important to consider how far away you are from your place of work.

3. Establish Your Priorities
As a single woman homebuyer, it’s essential to prioritize your needs and preferences when searching for a home. Consider factors such as location, size, layout, and amenities that align with your lifestyle and goals. Create a list of “must-haves” and “nice-to-haves” to guide your search and help you focus on properties that meet your criteria. Share this list with your real estate agent.

4. Lean on Your Support Network
While purchasing a home solo can feel daunting at times, remember that you’re not alone. Lean on your support network; whether it’s family or friends, your chosen real estate partner, or lender, guidance & advice is just a phone call or text away. Building your “real estate team” will not only help provide you with a sounding board for ideas but it will further cement the ultimate decisions you make as the right ones.

5. Trust Your Instincts
Finally, trust your instincts and intuition when making decisions about purchasing a home. Pay attention to how you feel when visiting properties and envisioning yourself living there. Don’t rush into a decision out of fear or pressure; take your time to find the right home that feels like the perfect fit for you. This also applies to the people you choose to work with: find a real estate agent and lender that feel like friends and who are professionals you trust. Your gut is rarely wrong; so if you don’t like talking to these people or sharing your hopes & dreams, chances are you won’t like working with them.

Navigating the real estate market as a single woman may present its challenges, but it’s also an opportunity for growth, independence, and empowerment. By taking proactive steps to educate yourself, establish your priorities, and trust your instincts, you can approach the homebuying process with confidence and achieve your homeownership goals. Remember, you have the strength and resilience to take on this challenge, change your life, and start building wealth today.

Contact me today for a free consultation!

March Magic: Attracting and Feeding Wild Birds in Your Portland Backyard

Posted on by Lydia Hallay

Welcome to March Magic for Bird Lovers in Portland! As the city gears up for spring, it’s the perfect time to transform your backyard into a haven for wild birds. Whether you’re a seasoned birder or just starting out, here’s your ultimate guide to attracting and feeding wild birds in Portland during March.

1. Choose the Best Bird Feeders

Selecting the right feeders is key to attracting diverse bird species to your backyard. Tube feeders cater to smaller birds like finches and chickadees, while platform feeders are ideal for ground-feeding species such as sparrows and juncos. Don’t forget suet feeders for woodpeckers and nuthatches!

2. Opt for Nutritious Bird Food Blends

Offer a diverse menu to entice various bird species. Invest in high-quality birdseed blends containing sunflower seeds, millet, and cracked corn. Black oil sunflower seeds are a favorite among many backyard birds, while nyjer seed attracts finches like goldfinches and pine siskins. Backyard Bird Shop is one of my favorite local resources for all things bird-related.

3. Provide Fresh Water Daily

Even in chilly March, wild birds need access to clean water for drinking and bathing. Invest in a birdbath or shallow dish and ensure it’s filled with fresh water daily. Consider adding a heating element to prevent freezing during cold spells, ensuring year-round water access.

4. Create Shelter with Native Plants

Native plants provide essential shelter and habitat for wild birds. Plant native shrubs and trees like Oregon grape, serviceberry, and Pacific wax myrtle to offer protection from predators and additional food sources.

5. Maintain Cleanliness for Bird Health

Regular maintenance is crucial for the health of your avian visitors. Clean feeders and water sources regularly to prevent disease spread. Remove moldy or spoiled food promptly, and keep the feeding area clean by raking up fallen seed hulls and debris.

6. Be Patient and Observant

Attracting wild birds requires patience and observation. Spend time observing bird behavior from a distance to avoid disturbance. Keep a journal to record species encounters and track their visits over time.

Conclusion

As March brings longer days and warmer weather to Portland, it’s the perfect time to welcome back our feathered friends. By following these tips for attracting and feeding wild birds in your backyard, you can create a sanctuary that brings joy and wonder to your life. Get ready to embark on a birding adventure right in your own backyard!

The Portland Market Update: January 2024 – Navigating New Real Estate Currents

Posted on by Will Sing

The dawn of 2024 brings fresh opportunities in Portland’s real estate realm. I’m Will, ready to guide you through the ebb and flow of our local market. Let’s cut through the noise and hone in on the essentials affecting your home buying and selling decisions this year.

Interest Rates’ Ripple Effect Cast your mind back to the 8% interest peak last October—a tremor that dampened demand. Fast forward to today, and we’re witnessing interest rates gently retreat to the high sixes, a move that’s reinvigorating the market pulse. This along with our normal seasonal changes is bringing back demand quickly.

Days on Market and Inventory Portland’s property scene is diverse; quick sales for some listings contrast starkly with others that sit longer, awaiting the right match. The days on market now stretch up to 60-75 days in certain submarkets, painting a vivid picture of buyer selectivity and market stratification. Thus, there are two markets with houses going quickly and the others sitting on the market for a longer time.

To Buy or Sell? Strategic Timing is Key

In this market, foresight is king. Buying a home? It’s a long-term play. Consider not just the immediate gratification but the potential for equity growth over 5 to 7 years. This horizon often marks the break-even point, positioning you to leverage your investment for future property pursuits.

Selling? The current climate offers a unique window. With less competition and a market still warm from buyer interest, listing now could place you at an advantage. Preparing your property early ensures you’re market-ready, poised to act when the season hits its stride.

Your first home purchase is a foundational step, one that paves the way to that dream house down the line. And while timing the market to perfection is a myth akin to capturing lightning in a bottle, understanding these cycles and preparing accordingly can place you leagues ahead.

Embark on Your Real Estate Voyage For an in-depth journey through Portland’s market, set sail with my full video here.

Whether charting a course for purchase or plotting the perfect sale, I’m on deck to help you navigate these waters. Reach out, and together, we’ll find your true north in Portland’s real estate landscape.

Real Estate Market Forecast for 2024

Posted on by Lily Ray Wyss

No one knows for certain what 2024 has in store in the world of real estate. But in the video above we discuss a few widely predicted trends.

Here are a few highlights:

Interest rates are already trending downwards (whoohoo).

With this we are already showing higher motivation from home buyers which will continue to increase.

Hopefully, this means we will also see higher motivation from home sellers (as sellers notice the higher demand from buyers). Leading to more homes and more options to the market.

Meaning we can predict an active Portland Oregon Real Estate Market for most of 2024. We could potentially see the market slow down in the second half of the year, if we follow trends from past election years.

Want to discuss your potential home buying or home selling needs for 2024? I would love to connect. Reach out and we can set up a time.

You can contact me below or reach me at lily@lilyrayres.com.

Just Listed! Cozy Condo in a Park-Like Setting!

Posted on by The Twin Team

10090 SW Beaverton Hillsdale Highway #20

Beaverton, Oregon, 97005

OFFERED AT $215,000

1 BED| 1 BATH | 696 SQ. FT.  

MLS# 23666243 | TAXES: $1,595

How To Buy a Home in a Hot Real Estate Market

Posted on by Lily Ray Wyss

All signs are pointing to a hot real estate market in 2024.

With lowering interest rates we are going to see a lot of buyers enter the real estate market. If you are someone who is looking to buy yourself, you will want to be prepared that you may have to compete when it comes to writing an offer on a home.

However, if you are someone who doesn’t have a ton of extra cash, know that you are not SOL. There are many strategies we can employ and tools you can utilize.

In the video above we discuss strategies you can use to have a competitive offer and ideally a winning offer to purchase a home.

Watch the video and then when you are ready, reach out and we can come up with your custom home buying strategy together.

You can contact me below or reach me at lily@lilyrayres.com.

New Year, New To Do! ~January Home Maintenance

Posted on by Kiersten Frey

New Year, Fresh Checklist!

Winter is in full swing, and we know home maintenance can feel daunting, but fear not! Here to
make it easy on your time and wallet, let’s dive into the tasks that need your attention:

 

Holiday Cleanup:

  • Take down those festive lights and prevent tangles by wrapping them around a hanger.
  • Self-clean the oven and wipe the interior with a vinegar-soaked cloth.
  • Dispose of your Christmas tree wisely – compost or use it for midwinter mulching.
    Pro Tip: Consider a one-time cleaning crew, costing around $200-$250.
    Ask your Realtor to recommend a reliable cleaning contact or two.

 

Protect the Pipes:

  • Prevent frozen pipes by wrapping them with heat tape, controllable with a thermostat.
  • If you’re off for a winter vacation, turn off water to outdoor spigots, shut off water valves,
    and drain existing water.
    Pro Tip: Thaw frozen pipes with a heating pad or hairdryer. In case of a burst pipe, shut off the
    main water valve and call a plumber or a water restoration company for cleanup.

 

Check for Storm Damage:

  • Post-winter storms, inspect your roof, siding, gutters, and yard for potential damage.
  • Use binoculars or invest in a drone to spot damage without climbing on the roof.
    Pro Tip: Immediate repairs are crucial. A handyman can handle minor fixes, and
    roofing experts can tackle more serious issues.

 

Remove Hidden Dirt:

  • Clean those often-neglected spots like range hoods, refrigerator coils, and HVAC vents.
  • Let your dishwasher handle metal parts, and toss dirty sponges and dishrags in for a quick clean.

 

Tighten Hardware:

  • Shine and tighten doorknobs, hinges, cabinet pulls, and nobs.
  • Level those cabinet doors for a quick facelift.
    Pro Tip: Clean metal hardware with soapy water and shine with a microfiber
    cloth dipped in vinegar or lemon juice. Brass polish works wonders on solid brass.

 

Deep Dive & Declutter:

  • Channel your inner Marie Kondo and declutter rooms, closets, and drawers.
  • Take it in small steps – tackle one room or corner each day.

 

Think Green:

  • Combat January gloom by planning for spring. Grab seed catalogs and start planning your gardens.
    Pro Tip: Opt for raised-bed or container gardens for low-maintenance greenery. Create weed-free soil with vermiculite, peat moss, and compost.

 

There you go! Your efficient guide to a well-maintained home. Happy New Year!

Debunking Holiday Real Estate Myths

Posted on by Shannon Ilas
Today we’re debunking winter real estate myths…
And what you should keep in mind if you want to buy or sell soon!
🏠 Myth 1: “No one buys or sells homes during the holidays.”
Reality: While the market might be less active, there are always situations, such as job or life changes? Or just a desire for change, that lead to serious buyers or sellers, even this time of year.
🏠 Myth 2: “It’s better to wait until spring to sell.”
Reality: While spring is a popular time, there might be less competition during the holidays, allowing your property to stand out to the serious buyers that are out there now.
🏠 Myth 3: “Buyers are too busy with the holidays to house hunt.”
Reality: Serious buyers often use their time off during the holidays to search for homes. Additionally, corporate relocations can happen at the end of the year, bringing in potential buyers.
🏠 Myth 4: “Homes don’t show well in winter months.”
Reality: Winter weather can actually help showcase a home’s coziness and highlight noteworthy features, such as fireplaces. Plus, holiday decorations can offer additional warmth and charm.
So if you’re thinking of making a move, now might be the perfect time to get started! Give me a call  at 971-220-8165 or email shannon@shannonilashomes.com

Congrats to Nichole on your first home!

Posted on by Greg Washington

I’m so thrilled to congratulate my buyer Nichole, a single mom, on the purchase of her first home! We were able to work through the challenge of higher interest rates to find a two bedroom townhome, the perfect place for mom and son to call their own. I wish them many happy years in their new home and neighborhood!

 

The 12 Steps to Buying a Home

Posted on by Kelsey Burkett

Buying a home is an exciting milestone that can represent a step towards stability, investment, and creating a space that truly feels like your own. However, navigating the intricate process of home buying can often feel like a daunting task, filled with complex procedures, paperwork, and unfamiliar terms. Knowing where to begin, and how the process is going to unfold, can feel overwhelming.

Whether you’re a first-time homebuyer, looking to upgrade or downsize your current home, or you’re ready to invest – refreshing your understanding of the steps involved can make all the difference. The same is true in working with someone you trust to guide you through the process. A Realtor’s job is to provide you with the knowledge and confidence to make informed decisions throughout each stage of the journey, and most importantly, to negotiate on your behalf to ensure you reach your goals and vision.

Below is a simplified view of the home buying process. It details what you can expect along the way to a smooth and enjoyable experience.

 

Ready to explore buying or selling a home? I’d love to hear more. You can reach me at kelsey@livingroomre.com, @kcb_portland or 971.371.0203.

 

 

How to get what you want with a tight budget and a bit of know-how!

Posted on by Living Room Realty

Here are my thoughts on how to get what you want with a tight budget. Let’s get creative and be informed.

 

Look at Cosmetic Fixers:

Look past the paint and the details. Is the house filled with junk? Are the photos just bad? See everything on the market. You’ll be surprised! And, I love the hunt for a great diamond in the rough.

 

Fix your credit:

Some lenders are better than others at this. I can help you find a lender who will give you a clear idea of what you need to do to fix your credit and better qualify for a loan.

 

Talk to multiple lenders:

They are not all the same and it’s important you like the lender you work with. Look into first-time homebuyer programs, FHA or VA or Oregon Bond. I can help guide you to lenders who have the loan packages best for you. And, it’s important you feel comfortable talking with them about money and finances. This can feel very personal so you want to work with a lender who is a good fit for you.

 

Look into rate buydowns:

Because interest rates have been high this year, rate buydowns have become pretty common. Sometimes you can even negotiate this with the seller so they pay to buy down your rate. You can also buy down the rate on your own and your lender can walk you through that.

 

Always get an inspection:

This will save money in the long run. No one likes surprises in real estate so I highly recommend every single client has a home inspection done to avoid an expensive surprise after you get the keys. Home inspections cost money but they are worth it! I typically recommend these basic inspections- general home inspection, sewer scope, radon test and an underground storage tank scan.

 

Look for solid big-ticket items already in place:

This one is easy because most sellers are eager to let you know what has been updated recently. But it’s very important when we are crunching the numbers and deciding if the value is there for you.

 

Focus on location and layout:

These are two things you can’t easily change about a house so they are very important to focus on when you’re buying.

 

Be realistic about the renovation lifestyle:

This is a big one because no one wants to spend every single weekend and evening working on their home projects, no matter how much money it saves.  I have a lot of clients who begin their house hunt very certain they can easily renovate a house. Then, they learn more and realize it’s not as simple as it seems. Especially on a budget. I will help you get bids for major renovations or big updates during your inspection period. That way you can make an informed decision about what works for you. This is case by case so I’ll advise according to each buyer’s situation.

 

Research the Market:

I am here to help you understand the local real estate market conditions. Are prices trending up or down? Are there any neighborhoods where prices are more favorable? Knowledge of the market will help you make informed decisions.

 

Look for Motivated Sellers:

Sellers who are motivated to sell quickly may be more willing to negotiate on price. These motivations can include job relocations, divorces, financial difficulties, or properties that have been on the market for an extended period. A big part of my job is to build rapport with other agents to get as much information as possible and find the win-win for everyone!

 

Don’t Lowball:

It’s better to look at the data and make informed offers. Sometimes buyers purchase below the list price but throwing a very low offer price out there just to see what happens is not productive. While you want a good deal, making an unrealistically low offer can turn off sellers and waste time. I work with clients to determine a fair and competitive offer based on market comparables.

 

Be Patient:

This is a big one. The timeline a buyer thinks they need is usually the first thing out the window. Don’t rush into a purchase. Sometimes, waiting for the right opportunity can lead to a better deal. Keep an eye on the market and be prepared to act when the time is right.

 

Backup Offers:

This dovetails with being patient. If a deal falls through for another buyer, having a backup offer ready can put you in a strong position to negotiate with a motivated seller. You’d be surprised how often this happens.

 

Flexibility:

Be open to compromise on non-essential features or repairs. Being flexible can help bridge gaps in negotiations. A lot of times these non-essential repairs feel like a big deal in the moment but they don’t need to be deal breakers.

 

Reach out if you’re interested in talking more about buying or selling a home. I’m here for you! If you’re a first-time home buyer I can set up a new-buyer meeting and go over everything step by step. If you already own a home and you’re ready to sell that one and get the next one, let’s make a plan that works for you.

Bringing authenticity into real estate is my calling- I love to engage with new people and listen carefully to their needs and goals, then throw all my energy into helping to achieve them! I am known for my knowledge of the market and my ability to educate and listen carefully, although my secret superpower is that I remember every house I’ve seen (which is a lot).

Jasmine Deatherage

503-320-0039

Jasminedeatherage@gmail.com

REAL ESTATE NEWS: IS NOW A TERRIBLE TIME TO BUY A HOUSE?

Posted on by Aryne + Dulcinea

Then it’s a great time to come to this class!

Serving delicious dinner and a great convo about buying in this market!

CLICK HERE TO RSVP
Continue reading “REAL ESTATE NEWS: IS NOW A TERRIBLE TIME TO BUY A HOUSE?”

What Makes the St. Johns Neighborhood Special -Part 2- Coffee Shops

Posted on by Living Room Realty

Coffee shops are community!

Every time I head to a new city or even just a new part of town, I make finding a great coffee shop the first order of business because there’s no better starting point for understanding the local community, no matter where you are. When you visit the St. Johns neighborhood, you’ll notice life moves a tad bid slower and that’s a good thing. The coffee shops are alive and bustling with folks working, unwinding, socializing and connecting.

And with the University of Portland just down the street, you’ll find University students regularly taking advantage of these great study spots.

Coffee shops are special because they reflect the atmosphere of the neighborhood and St. Johns is fortunate to have many unique and vibrant coffee shops which makes choosing just one very hard! A good problem to have :)!

Here are a few of my favorites:

Great North Coffee

This café feels like the heart of St. Johns. A popular meet-up spot as well as a great place to work or unwind with a snack. They roast great coffee and have other nice choices like kombucha and teas. The room has high ceilings and plenty of seating which gives it such a lovely and classic café feel. Locally famous for their next-level breakfast sandwich made with chimichurri or romanesco, and can be made vegan. Delicious and addictive! Also, you’ll find the classic pastries, cookies and bagels you expect from a great café. Don’t miss the local art on the walls!

 

Two Stroke Coffee Co.

Two Strokes Coffee is a moto-inspired coffee shop on the main drag of St. Johns, conveniently located next to a cool motorcycle & scooter shop called Sabatino Moto. This is a really fun cafe to visit and a great place to hang out. They serve wonderful coffee, pastries and have great baristas. There are a few motorcycles in the café and some stylish merchandise as well.

 

Sparrow Bakery

Sparrow Bakery is well known for incredible baked goods. They have 2 locations (the other is in Bend Oregon) and do wholesale baking for many other cafés. We are so lucky to have them in St. Johns! Sparrow makes great coffee and fabulous baked goods- I feel like it is a full-time job trying not to eat their pastries every day :). They are perfection! Plus there’s a large food menu making it a great spot for breakfast or lunch.

 

Cathedral Coffee

This one isn’t technically in St. Johns but I just had to add it! It’s officially in the Cathedral Park neighborhood (hence the name), but it’s verrry close to downtown St. Johns. Cathedral Coffee is an eclectic cafe that is always busy but never feels crowded. A beautiful large space with big windows, natural light, tall wood bookshelves & large tables. They roast their own coffee and bake their own sweets & savories, which are fabulous!

I highly recommend the foldovers they make with veggies and cheese (some have meat). They are fantastic and always fresh! And the cinnamon rolls are incredible. Many wonderful baked goods to choose from.

They also have plenty of great outdoor seating!

 

 

What about St. Johns Real Estate?

One more note regarding this current real estate market. St. Johns has seen a steady increase in property values and demand over the past few years with the average home price this August landing at $470,000 (source RMLS). To put that in perspective, the average home price for all of Portland Metro was much higher by the end of this August at $608,300 (source RMLS). 

If you’re considering the St. Johns neighborhood, I’m here to guide you.

I know the ins and outs of this neighborhood having lived here for more than 11 years. And, if you’re interested in other neighborhoods, that works too! I help people buy and sell homes all over Portland. I am known for my knowledge of the market and my ability to educate and listen carefully. You will benefit from my coaching heart and guidance that reduces stress and creates positive outcomes. I want to see you happy and satisfied with your real estate journey.

Read my reviews and bio for a good sense of what to expect from me.

I look forward to helping to make your home purchase pleasant, painless and hopefully even a little fun!

Before you go, here’s a fun fact: Did you know that St. Johns was once its own independent city before it was annexed into the city of Portland? In 1915, St. Johns voted to become part of the city, primarily to access the city’s services and infrastructure. The annexation was officially completed in 1915, and since then, St. Johns has been a neighborhood within the larger city of Portland.

Saddle Up: Your Guide to Homeownership

Posted on by Living Room Realty

 

PSA: My buyer guides are officially HOT off the iron! While it may be slightly intimidating or even difficult to gauge where exactly to start on your homebuying journey, my homebuyer guides are here to lay out a general timeline of what you can expect when purchasing a home in the Portland metro area. My goal is to ensure you have a great understanding of this exciting yet huge new chapter of your life! What better than to have a guide to refer to plus having the consistent communication from using me as your realtor every step of the way? Representation during your home purchase is vital and I’ll be sure to advocate for you to the best of my ability!

Interested on getting your hands on a guide of your very own? I’d love to give ya one! Either in person, snail mail, or carrier pigeon: email me for more info and let’s get started on your homebuying journey today!

Just Sold near Peninsula Park! Yay for my first-time home buyers!

Posted on by Living Room Realty

Congratulations to my clients!

As you may already know, my business is referral based and I love meeting new people. So you can imagine how happy I was when a past client recommended Jane and their partner to me. It was such a joy getting to know them on their house hunt!

Here’s a little rundown of how it went.

We started with a buyer consultation and spent an hour going over the process in general. That’s the best way to get started, going over the current market and setting expectations for everyone. That’s when I ask the most questions about what my clients are looking for and we set the pace for the house hunt.

 

We saw multiple houses every week in various neighborhoods for many weeks until we narrowed it down and found the area that felt like home. The house they chose checked a lot of boxes, it was the perfect size in a great location and it had more than one bathroom plus a garage (bonus!). We saw the house 3 times just to be sure and then successfully got the offer accepted! They did a great job of getting financially ready, approved by a reputable lender, and had all their ducks in a row in that arena. (That truly is the first step!)

 

As we went through the inspection contingency period, I really liked that Jane and her partner asked a lot of questions along the way. One thing that people don’t always lean into when buying a house is making time to dive into research and ask all of the questions, even the dumb ones (and there are no dumb ones). Carving out time for this is so helpful because it’s the meat and potatoes of the whole deal. I’m here to advise and guide you along, but there is a lot to digest and having the time for those conversations and follow-up questions will always feel good.

Here is a general overview of the inspection contingency period. I will advise you while you look over the permit history, have the sewer scoped, the home tested for radon, the property searched for underground storage tanks, plus have a whole property general inspection as well. And that’s not always all, there are more investigations sometimes. It’s a lot and it’s awesome! Because after all of that, clients have a much better understanding of the home with all of its pros and cons.

 

So in this case, some things did come up in the investigations and we negotiated a credit and a price reduction. A couple of weeks later we had fun at the signing and a few days later we wrapped it all in a bow and I gave them keys.

 

Please reach out if you’re interested in talking about buying or selling a home. I’m always here for a check-in about the current market, lender recommendations or anything I can do to help advocate for your homeownership.

 

 

Getting to Know: NE Alberta & Killingsworth Neighborhoods

Posted on by Kat Gilpatrick

 

There are so many wonderful neighborhoods to get to know in Portland, and I wanted to highlight some of the most vibrant; the ones where the community is so passionate, the businesses packing loyal customers in, and sought after homes sell quickly.

In this edition, I’m covering NE Alberta, famous as the Alberta Arts District, with so much culture and history woven throughout, and the adjacent NE Killingsworth blocks. Both stretch across neighborhoods officially called Vernon and Concordia, and are colorful, parks-adjacent and full of fun. Minutes away from Alameda Ridge, Beaumont Wilshire and Cully neighborhoods, you’re right in the middle of the action. To the West you’ve got Mississippi and lots of nightlife and live music.

 

 

I put together a Best-Of-List I made to share with folks I’ve helped get into homes here as well as for those visiting my listings recently sold in this NE gem of a location. Good homes here for first time home buyers? For investment properties? Check. For families? Check. For walkability and sweet livability? CHECK. Read on, and bookmark this to share with friends coming to visit. Ping me with additions you feel might be worthy, and I’ll update.

Alberta/Killingsworth Top Picks & Resources 

General:

Neighborhood park – Fernhill Park

 

Community/Event:

  • Last Thursday – Alberta Art walk/community – 15-block community event on NE Alberta Street between 15th and 30th Avenue from 6 -9 p.m.. In 2023, the event will take place on June 29, July 27, and August 31.

 

  • Kennedy School – Food, fun, drinks, movies, events, soaking tubs, places to stay for folks visiting, your all around local McMenamins hang – 33rd & Ainsworth
  • Farmers Markets – King (NE Wygant St &, NE 7th Ave, Portland, OR 97211 – Sunday) or Cully {5011 NE 42nd Ave – Thurs)

Restaurants:

  • Amazing stones-throw restaurant – Wilder. Wonderful food, great community place – walkable – no reservations – just off of Killingsworth at 30th
  • Bakery/Cafe – Flour Market – just off of Killingsworth at 30th
  • Toyshop Ramen – Excellent new Ramen place walkable to you 
  •  Bae’s Chicken – Super fantastic fried/hot chicken place – new NE location
  • Bar Cala – Wonderfully picturesque restaurant/bar on Alberta – a visual and literal feast 
  • Burgers/Bar/Fun – Tulip Shop Bar
  • Radio Room – Restaurant/bar/DJ/great outdoor space on Alberta
  • Extracto Coffee – Your closest and possibly hippest coffee place
  • Expatriate – Fantastic close by cocktail bar
  • Brooks Wine/Chocolate pairings – Ok, it’s Irvington, but still super close!
  • Banh Mi Up Kitchen – Viet Namese/sandwiches, noodles, etc. on NE Alberta
  • Pasture PDX – Great butcher, sandwich shop 

Stores:

  • Grocery – New Seasons 
  • Hardware – Hankins Hardware – MLK
  • Garden Store/Landscaping Services – Portland Bloem 42nd & Alberta 
  • Zig Zag Vintage – Great selection of vintage stuff – good mens collection
  • EcoVibe – Plants, home, decor – on Alberta 
  • Psychic Sister – Art, Vintage, Crystals, Tarot

Entertainment/Wellness/Sport:

  • Yoga – People’s Yoga Killingsworth & 30th
  • North Portland Bikeworks – Fantastic local Bike store 
  • Gladys – Bike store on Alberta
  • Common Ground Wellness – Massage, soaking tubs, sauna – beautiful relaxing urban oasis 33rd/Alberta-ish
  • Rose City Book Pub – Also Irvington but a great place to hang
  • Alberta Rose Theater – Productions, small concerts, etc.  

And if you’d like your own run-down and adventure tour of this fantastic spot – or any others – just say the word, I’d love to show you around.

Next up in my neighborhoods feature? Beaumont-Wilshire & Rose City Park!

Portland Real Estate: What we’ve seen and what’s to come.

Posted on by Jessica LeDoux
2023 MARKET UPDATE VIDEO
Our team lead and data aficionado Karim Alaeddine has this insight to share about the Portland market: 
 

Hey I’m Karim Alaeddine, Principal Broker at Living Room Realty… here to tell you what you need to know about the market for mid May/early June 2023. 

Let’s take a peek under the hood of the Portland market, look for trends and try our hat in prophecy… forecasting. 

Pricing is going up. It’s been headed north since the very first day of the year. 

Fun fact – the rolling average for median home sales price in Portland is only $50 lower than the absolute high water mark in Spring 2021, when inventory was non-existent and buyer competition was fierce, like… super competitive. We are at that absolute sales price average again today. 

Days on market – a measure of how quickly the current pool of buyers is burning through the current pool of listed homes. This metric has been dropping for 2 or 3 months… as it nearly always does in the spring. To give some perspective, this data (measuring the rate of homes being sold) was last at this level in the spring of 2020. So for most of 2020, all of 2021 & all of 2022, the average days a home spent on market was lower than this week. At its absolute low point in June of 2022, the # of days on market were half of today.

If you’re visual like me, you might imagine a roller coaster going up and down each year (as inventory increases, then gets bought up.) 2023 is a softer, easier ride. Not so dramatic and the downhill fun part (when a lot of homes are getting sold) is less steep… more of a family-friendly ride this year. It’s steady… or it’s a slog, depending on who we are talking with. Not overly volatile though.

That means homes are taking longer to sell… and we’re creeping into the spring/summer season more slowly. 

Let’s look at an interesting data point about pricing, that sort of answers the questions; 

“Should I wait?”

“Will I get buyers?” 

“Are prices going to go up?” 

“Are prices going to go down?” 

A statistic that sheds light on these kinds of questions… the questions we ask when we have begun to think about a move, and are looking into the market crystal ball… is the rate of price reductions in listed homes. 

“How many listings took a price reduction?” To frame the numbers for us, between MARCH of 2020 and AUGUST of 2022, at any given time 20% to 40% of the homes on the market had price reductions, and this was in the MIDDLE of the hot AF market. In SEPTEMBER 2022 that number was headed upward (as a direct result of rising interest rates and lower buyer activity.) It went as high as 55%. Yeah – more than 1/2 of homes on the market had taken price reductions. 

However, in May 2023 we were in the 33% range (middle range of even the smokin’ market) and that stat was trending downhill. We’ll see what Summer brings. Low inventory (the major issue in our market) should keep reductions down – prices up. But demand remaining low will stall things. We’ll see.

Homes are selling, mostly without reductions. Price drops are – of course – used to stimulate buyer activity, but less downward pricing pressure is required to move property when buyers are interested in making a move, in earnest. Lifestyle drives home purchases. Purchases drive market trends. It takes a lot of pressure to turn off the natural incentives of people to move, purchase, sell as these things are life-and-times driven.

Lastly, competition is increasing amongst buyers. (We could do a whole hour on the ins and outs of niche sectors of the market that outpace the averages for metro area – within which competition is still super fierce.) Interest rates were looking to be leveled – with small dips and rises each week of course, but relatively stable. Pricing is actually quite strong meaning the sentiment amongst the market actors (mostly buyers) is that Portland is a good buy for long term housing & investment. Rates may slow things further but the inventory and demand balance does seem to have some natural strength to it… steady or sloggy though this year.

So… with sales strengthening and inventory as low as it is, current supply and demand levels show no sign of prices changing course too dramatically. 

In closing… 

Spring is here. 

Homes are selling.

Not as crazy as last year. 

… Still Portland though. 

Realtors are advocates who help buyers & sellers ask the very best questions, in order to guide clients through the market and into secure, positive transactions that align with their goals and dreams. Hashtag honored.

We’d love to help you find your next home.

JUST LISTED–CUTIE IN CANBY!

Posted on by Shannon Ilas

925 S Elm Ct

Canby, Oregon, 97013

OFFERED AT $525,000

4 BEDROOMS | 2 BATHROOMS | 1716 SQ. FT. 

MLS# 23333665 

 

 

Click Here For More Details

Real Estate Hack: Buying with Buds

Posted on by Lydia Hallay

Home ownership is often assumed to come with the trappings of “traditional” household formation (heterosexual coupledom, kids, and a white picket fence). The truth is, not all of us are building that kind of life. According to the Brookings Institute, “the so-called ‘nuclear’ family is no longer the dominant household structure.”

As household demographics continue to shift, so too can our ideas about how to achieve home ownership. If you’re just starting your real estate journey- the idea of coming up with a down payment, qualifying for a mortgage, and keeping cash on hand for repairs or renovations might feel like distant dream.

The good news is- you don’t have to go it alone! Buying with friends (or lovers, family members, co-investors, etc.) enables you to pool resources and gain a toehold in the real estate market – often sooner than you thought you could.

Here are some things to consider as you explore co-ownership:

  • Discuss your goals and financial situation with your potential co-buyers. Before committing to a shared investment, have a candid conversation about your long-term goals, financial stability, and expectations. This will help you determine if you’re on the same page and avoid conflicts down the road.
  • Consider your financing options. There are lots of ways to finance a joint purchase. Work with a lender who understands the financial nuances involved and respects alternative household configurations.
  • Create a legal agreement. While a chore wheel might work for ironing out the details of who’s on dish duty- you’ll want something more official for your co-purchase. Before buying with buds, it’s essential you have a legally binding agreement in place that outlines everyone’s responsibilities and rights. For example, how will the mortgage payments be split? Who will be responsible for repairs and maintenance? What happens if someone wants to sell their share of the property?
  • Work with a real estate agent who understands and is supportive of alternative household configurations. I support my clients in creating whatever kind of household works best for them.
  • Be flexible and patient. Co-buying a property can be a complicated process, and it may take longer than expected to find the right property and reach an agreement. Spend time spelling out the details and finding a property that meets everyones needs – it will be worth it!

Ultimately, good communication, compassion, and flexibility are the most critical factors in achieving a harmonious and successful co-purchase. With a like-minded realtor/lender team behind you- nothing can stop you!

Thinking of buying with friends, family members, or members of your polycule? Need help connecting to friendly lenders? Give me a holler!

Love Where You Live: A Portrait Series

Posted on by Living Room Realty

As a photographer, realtor and extrovert and I love finding the intersections of work and play. I am using color film to photograph people in front of their home. For many, home is more than just a photograph. It brings a sense of belonging, growth, family stories and secrets, laughter, tears and more. Knowing why someone calls a place “Home” is the root of this project and how it was born.

Your home doesn’t have to be the fanciest on the block, you don’t need to dress up and have perfect smiles, or tilt your head every so slightly to the left. My aim is to take a couple semi candid shots with color film of you, your family, and/or your pets out in front of your home. What do you love about where you live? Is it the architecture, the yard, the community and neighbors, the memories, or is it that indescribable feeling you got when you walked in the door for the first time? Whatever it may be, I would love to hear about it.

All participants will receive a digital copy of the photograph via email. I will be featuring the photos and blurb on social media and on the Living Room blog. For privacy, I will not include last names or full addresses. For more information or questions about the project, please reach out to me.

 

Hooray to these FIRST TIME HOMEBUYERS!

Posted on by Nicole Chavira

It has been a joy since our very first introduction that was thanks to a lovely past client 2 years ago. (Btw referrals are the biggest compliment and vital to my business so many thanks for all who recommend me🙏🏽) At the time, the housing market was a little coo-coo with those historic interest rates and an extremely competitive market. We got to know each other spending time seeing homes and then they decided to take a pause. A pause that turned out to be a blessing! As V excelled in her career with a promotion and a new little man was added to the mix, they reached back out and they were ready to make moves!

Literally and figuratively 😉

It was our first weekend checking out homes and they quickly found THE ONE! The right school district, space and location! It just felt right!

With 264 days on the market and 90k price reduction, over that span of time, we made an offer that was up against one other at the time. I was able to negotiate a 10k credit to my buyer’s towards their closing costs (this means less cash out of pocket at closing) a BRAND NEW ROOF and some other minor repairs!

When I say that I share the excitement of each and every one of my clients, I mean it! Their gratitude and trust in me as their Real Estate Professional created such a wonderful experience all around.

Thank you so very much for choosing me to go on this journey with you! Even on key day where the oldest boys ran from room to room seeing the home for the first time and leaping for joy, truly warmed my heart. Moments like those are exactly why I passionately advocate and love on my people.

Wishing you all the most beautiful of memories together as you make your new house a home!

You are an inspiration to so many other hard working individuals that the time to buy is when it’s right for YOU! Congratulations my friends 🥂🏡

First Time Homebuyers, from Handshakes to Hugs.

Posted on by Living Room Realty

I had the pleasure of meeting Jon in early Autumn of 2022 at a wee condo in SW Portland while hosting an open house. It was a lovely condo: very modern, floor to ceiling windows, two levels, 700 square feet. The downside being the many pet restrictions, and a high HOA. The $360,000 price tag looked good; however it didn’t quite work for Jon. Fast forward about six months later, and they were ready to begin in earnest as first-time homebuyers. Off to a coffee date we went where I had the pleasure of meeting Kevin, talked shop, made a plan, and we began. After talking to a lender and exploring neighborhoods around the city, they were seeing just how much home they could buy.

And then…we found THE one.

With Jon and Kevin, it was discovering that by doing their research, planning ahead, and getting all of their dogs in a row, (only because they have four of them, it couldn’t be ducks, and I couldn’t resist.), they landed this gem of a house. Instead of a 700sqft condo with the teeniest patio, they closed on their first, nearly 2,000sqft two-story house in the Montavilla neighborhood, 1940’s floor to ceiling windows included! It also has an enormous and private backyard for all their doggos.

This happened it seemed in a blink of an eye. (Another reason why it’s SO, SO important to prepare). When I got the call that they were ready to go, we immediately began to plan our house tour. It was so much fun! Only one day of touring several houses before we found THE house. Newly price reduced and it was within their reach. Of course, they weren’t the only ones who loved this house, and we competed with multiple offers. That’s often how it goes with price reductions, or corrections as we say. They drum up buyers to act. And act and win we did!

Prepare, my friends, prepare! The preparation for owning your first home takes time, patience, and sometimes a strong constitution. With every client I meet, I advise them to do the research, while I help guide them along the way. Get your advocates together, whomever that may be, whether it’s your bandmate, therapist, barista, pal, family, your people! Talk about it. Get excited about it! You’re about to take the plunge into homeownership, on to the adventure of building equity. Then find your cheerleaders/master negotiators – your LENDER and your AGENT. Once all of that is in order, the house hunting begins in earnest, and life changes completely. It’s an exciting ride first-timers!

Janelle Freeman, Realtor (@janelleisrealestate) • Instagram photos and videos

 

The First Time Homebuyers 💕
THE House!
1940’s Floor to Ceiling Windows!

5 Myths About Real Estate You Should Stop Believing

Posted on by Jessica LeDoux

If you’re thinking about buying a home or have already started the process, it’s likely you’ve come across mixed messaging or confusing advice. With so many “experts” out there, it can be hard to know who to listen to and who to ignore. To help clear things up, we’re busting 5 of the most common myths we hear about in real estate.

Myth #1 – You need a high down payment to buy a home

One of the most common myths we hear is that you need a large down payment, usually 20% of the purchase price, to buy a home. While it’s true that putting down 20% allows you to avoid private mortgage insurance (PMI), there are plenty of loan programs available that allow for lower down payments. In fact, many first-time homebuyers are able to put down as little as 3% with some programs. So if you don’t have a ton of cash saved up, don’t worry! There are still options available to you.

Myth #2 – Interest rates are historically high

While interest rates are currently rising after hitting all-time lows in recent years, they’re still inline with the historical average. The current rates have created opportunities for buyers that could not compete in the aggressive market Portland experienced in 2020-2022 due to the unprecedented low interest rates. In other words, now is still a great time to buy despite higher rates. Please reach out if you would like to chat in more depth about important factors to also consider when deciding if now is the right time for you to buy a new home.

Myth #3 – It’s better to buy a home without representation 

When you purchase a home with representation, you have an experienced real estate agent by your side who can help to guide you through the entire process and answer any questions that you may have. From helping you find properties that fit within your budget to negotiating price and inspection items on your behalf—an experienced representative will always have your best interests at heart throughout every step of finding and purchasing your home. They can also provide invaluable advice when it comes to making decisions about inspections, title work, and other important steps in purchasing a home. Having someone on your side is essential for achieving success when buying a house.

Myth #4 – You Must Sell Your Current Home Before Buying a New One

If you own a home and are looking to upgrade or downsize, there’s no rule saying you have to sell your current home before buying a new one. In fact, many people choose to buy their new home first and then list their old one afterward. This gives them more time to find the right buyer and get top dollar for their old home instead of rushing through the process and leaving money on the table. However, this strategy isn’t without its risks since it requires being able to carry two mortgages at once, which can be tough on your budget. If you go this route, make sure you speak with a trusted lender and real estate professional beforehand so they can help ensure you’re making the best decision for your unique situation.

Myth #5 – Offer less than you’re willing to pay, so you have room to negotiate

This myth is perpetuated by TV shows and movies where buyers lowball sellers with an initial offer way below the asking price in an effort to leave room for negotiation. But in reality, this strategy rarely works since many Portland homes are still receiving multiple offers and when they do not there are still many factors to consider when determining what your best offer is.  If you really want the home, start with your best offer right from the get-go because you may not be given an opportunity to amend.

Now that we’ve busted some of the most common real estate myths out there, we hope you feel more confident in your journey toward homeownership! When in doubt, always consult a professional who can provide guidance specific to your situation. Our team has over 30 years of experience and is focused on serving our community with integrity, empowering and educating future homeowners. If you have questions please reach out, we would love the opportunity to connect.

 

New Proud Ground Homeowner!

Posted on by Nicole Chavira

🌟 CONGRATULATIONS NEW HOMEOWNER 🌟
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I have to give a big shoutout to my friend and client Earle for achieving his long time goal of home ownership! The cherry on top is this was a Habitat of Humanity condo with Proud Ground. Proud Ground is a non profit providing homes that are permanently affordable for first-time homebuyers.
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Earle went through a lot of hurdles and extended closing with a great attitude and stayed committed to his goals.
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I am so grateful when I get the opportunity to support people through the journey. Thank you for giving me the opportunity to get the job done for you!

Sticking With it Pays Off and My Clients are SO Happy!

Posted on by Living Room Realty

Congratulations to my sweet clients! 

What a dream working with these dear humans (and their cute kitty)! 

These two began their search just before the pandemic. Back when the market was vastly different and right before the pandemic and low-interest rates had their big effect on the market. I loved working with them, getting to know them and seeing homes together. We looked at a lot of homes over the years, wrote some offers and took a couple of breaks from searching while the market went nuts. Luckily these two had a strong sense of what they wanted and even though they lost out on a few homes along the way, the one they bought in the end, is definitely the BEST one with the best quality for the price! I’m so happy for them!

If you have questions about neighborhoods, the real estate market, buying or selling a house etc, let’s sit down and talk. My aim is to establish trust and serve you with warmth and attentive communication. I love to engage with new people and listen carefully to their needs and goals, then throw all my energy into helping to achieve them!

First-Time Homebuyer Tips

Posted on by Living Room Realty

Howdy y’all! Queer realtor Río Palomares here with some tips on how to get into the real estate market as first-time homebuyers. First-time homebuyers make up for the majority of my clientele (fellow queer community as well, hello!). Go ahead and take a gander, will ya?

 

Hot Tips for Homebuying

 

  • Find a realtor

Working with a realtor who will dedicate their time by advocating for you is key. Not all relationships are a good match; the same applies to working with a realtor. Take your time in finding someone that will help guide you in one of the biggest steps of your life! It’s never too early to get the ball rolling; creating a housing plan with your realtor will only prepare you that much more.

  • Saving money for a down payment and other expenses

Savings? Who is she? Saving any money you can towards a down payment will help substantially in the long run. Beyond a down payment, you can expect to pay closing costs (a percentage of what you are financing) and for any inspections conducted in your housing process (such as a general home inspector). So, how can you save? This is a personal big one for me; I know how hard it is to not order takeout or delivery but try to cut down on any excess spending and you will be amazed at how much you can save in just a matter of weeks.

  • Find a lender to get pre-approved

Chat with a few lenders to shop for the best rate. While you’re doing this, it is great to ask any questions you may have in regards to the financial aspects of this journey (they are the experts after all!). If you’re looking for lender recommendations, your realtor will typically have a few local lenders to refer you to.

  • Credit score

Yeah, that one number that just won’t seem to go away is indeed a key factor in this process as well. If you suspect you have any credit score issues or need to raise your score, working with a lender sooner than later is vital. A lender can help advise you towards the right path for success.

  • Ask all the questions. Seriously.

Please, ask away! Whether it’s your realtor, lender or vendor, we would much rather you ask any questions to ensure you have a complete grasp of this process. It is your potential new home and we want you to feel good about this moving forward! Makes sense, right?

These are just some base steps to take as you gear up for getting into the homebuying journey. Homebuying is much more thorough and dialed in to your specific needs once you’re fully invested in it. If you’re feeling ready to dive in, connect with a realtor (like me!) sooner than later. Best of luck y’all, you’ve GOT this!

2022 Was a Very Good Year

Posted on by Alyssa Isenstein Krueger

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

A Pad in Parkrose for First Time Homebuyers, Tia and Ryan!

Posted on by Living Room Realty

Buying your first home is no easy task, but you wouldn’t know it with Tia and Ryan, truly ideal buyers from beginning to end of the buying process. They knew what they wanted and trusted our team to guide them to the finish line on securing a sweet townhouse in pretty Parkrose! It had been sitting on the market within that sweet spot of just enough time – but not too long – and wrote an offer that put them in position to not have to put every last penny into their down payment. Not only were we able to get them a significant seller credit upfront (to save them on paying closing costs) but we also worked closely with their lender, Tristen Hunt of The Tristen Hunt Team to get them a rate buydown that keeps their mortgage payment affordable!

The cherry on top was successfully negotiating an additional credit towards siding repair and a BRAND NEW ROOF as we head into the rainy season in Portland.

This is what taking advantage of this market is all about!

Congratulations, Tia and Ryan (and Shelby and Ollie!), we are so ecstatic for you and we hope you enjoy your new home!

With interest rates rising, is now still a good time to buy?

Posted on by Jessica LeDoux
This is the big question on many buyer minds right now. While interest rates have risen considerably, this does not equate directly to it being a bad time to buy. It all depends on your circumstances and perspective. 
 
If you are deciding to buy vs. rent, buying a home may still be a great option. Purchasing a home can have the advantage of providing security/stability and if financing your home, it will allow you to spend your monthly payment toward an investment you can see a return on in the future. You will also be creating an opportunity for building equity as home values increase over time. Markets will eternally fluctuate. If you buy smart (prioritizing your needs around the unchangeables of a home – location, layout, etc.) and intend to hold your investment for some time (5+ years), riding the waves of the market is much more feasible and most importantly, you can enjoy the home you love in the meantime. 
 
Rates are high, that’s undeniable, but it’s also important to keep in mind that current rates are in keeping with historical averages. (Interest rates since 1971 average in the mid 7’s.) 
 
The climbing interest rates have put downward pressure on pricing, which we see evidence of in increased opportunities at all price points. This can look like: more room to negotiate, an opportunity to come in closer to or below list, less aggressive terms, and with a decreased number of buyers in the market, less competition. However, there are still a good deal of motivated buyers in the market and we are still seeing competition for highly desirable homes.
 
Most homeowners refinance their home in the first 3-7 years. The rates today are not something you have to view as a marriage, but the home you buy is. Higher interest rates are just one factor in the process of deciding whether now is the right time to buy for you. 
 
As Real Estate professionals, we aim to help each client elevate all questions by providing more perspective and information on the options available to them. The result is a more informed decision no matter the outcome and this team excels at supporting people in that process.  We are here to help.

Understanding today’s market environment.

Posted on by Living Room Realty

What is going on in today’s market?          Is now a good time to buy or sell?

Most real estate brokers are getting these types of questions on the daily these days.

As we move into Fall with mortgage rates bouncing around 6.5%, over twice what the average rate was 12 months ago, most folks think the days of over list multiple offers and 1 or 2 days before going pending are gone.

Not so fast my friend. Quality homes that are priced more on the conservative side are still seeing brisk movement and good sale prices. Case in point, a single story renovated ranch in Tigard recently went on the market on a Monday morning, had two offers over list in 24 hours and was pending by Tuesday evening.

This transaction went pending about 3 weeks ago and given all the market uncertainty currently the seller was very pleased with the result. Over list by about 10%, pending in less then 48 hours, no repairs and the appraisal came in on target.

In today’s market be sure and take a conservative approach when it comes to pricing, comps from over 8 months ago should be reviewed with a skeptical eye as they likely will give sellers a false sense of value when it comes to a reasonable list price.

The moral of the story is simple, be sure your agent is not being overly aggressive with your list price.

Charming Troutdale: Gateway to the Gorge

Posted on by Veronica Powell

With so many people now working from home, on a more permanent basis, escaping the city to live a little closer to nature becomes a more viable option.

Troutdale is a charming town that can make that dream a reality. Located  just 30 minutes from downtown Portland, with easy access to shopping, nature , arts and entertainment, this “Gateway to the Gorge” may just be the charming town you’ve been looking for.  Your favorite  weekend hikes may not be just for weekends anymore!

If you’d like to know a little more about escaping the city life for a quieter option, I’d be happy to explore your options with you.

Veronica Powell

Veronica@LivingRoomRE.com

503.936.3475

 

 

Let’s talk RESOURCES!

Posted on by Jessica Ward

Let’s talk RESOURCES!

Being a self proclaimed “Resource Queen” is one of the many badges I wear with THE UTMOST honor. I firmly believe that for every problem there is a solution/resource out there. I also believe that everyone is deserving of home ownership regardless of their socioeconomic circumstances. However, as the ancient adage goes, ‘with great power comes great responsibility’.

This couldn’t have rang more true with the amazing buyers of this lovely listing. My clients being hard working, dedicated to the process and trusting me the whole way through made turning their dreams into reality a fulfilling challenge. After some failed attempts at home ownership with past realtors/programs they were able to find success with me! I knew from the very beginning that this was a responsibility bestowed upon me that I could accept with confidence. I constantly reassured my buyers that they were in fact worthy of their goal, home ownership.

Being well versed in first time home buyers programs, down payment assistance programs and negotiation techniques such as seller paid closing costs I was able to guide my client to the path of home ownership with the help of one of my INCREDIBLE preferred lenders.

Thanks for trusting me and never giving up, Deskin Family!

You all are a testament to what can happen when you have a bit of faith, a lot of patience and the right team working for you.

It was a pleasure & a privilege.

 

 

 

Interested in learning more?

Ask me about: 

-First Time Home Buyer Resources

-Nonprofits such as AAAH, PCRI, NAYA

-Lending programs such as The Chenoa Program 

-DPAL, IDA Accounts, etc.

 

https://www.instagram.com/jessica_thehomegirl/

Preventing Buyer Remorse in a Competitive Market

Posted on by Jessica LeDoux
In a competitive market, having frenzy take hold and light fire under a buyer’s decision making is a true risk. Not only does a low inventory market promote a sense of “there’s not enough” that can create a survival mode mentality, but it fosters an environment of uncertainty that can lead buyers down a “don’t want to, but feel like we have to” path. If buyers succumb to the frenzy or are not partnered with wise and stable counsel, this can manifest as buyers offering over what they can comfortably pay for a home, settling on areas of a home that don’t line up with their core values, and investing in inspections unnecessarily on a home that ultimately will not be the right fit. We try to instill a sense of empowerment and stability in the midst of uncertainty. The reality is that nothing is certain, but what we can control is how we respond. 
 
Here are a few simple tips: 
 
1. MAKE A LIST of the top three things you do not want to compromise on. There is no perfect house, but if you are able to hone in on the areas you are willing to compromise on and take the time to get in touch with your non-negotiables, this will make for a more empowered search and you will feel clearer on when to walk away. If you are buying a home with someone else, make these lists separately, then discuss where your lists overlaps and make a new list together. 
 
2. THE FINANCIAL GUT CHECK. This can be difficult because the reality of the market, your needs in a home, and your financial comfort all need to be considered and valued collectively. Taking the time to see if what you want in a home lines up with the reality of the market is step number one. There is nothing worse than chasing a unicorn to the point of disappointment months later. We will provide support as you test the waters and get a sense of what homes are within reach so you can make an educated decision for your life and financial future. If what you are seeing in the market at your price point lines up with your needs, we can move forward with realistic expectations and healthy boundaries around when (if ever) it makes sense to stretch your price point goals.
 
3. BUY LOCATION AND LAYOUT. Remodeling a kitchen is easier than moving a house. When we say “buy location,” we mean buy a home in a location you will be happy living in. Even if walkability is not one of your priorities, liking your neighborhood is important. This may seem obvious, but many people have fallen in love with homes in otherwise undesirable locations only to find themselves wanting to move a few years later. If you like where you live, you are buying longevity in the home. Simple as that. Of course, we need to balance this against your tolerance for home improvement, but the bottom line is paint can always come later. Likewise, it is much easier to change the cosmetics of a home than it is to change the layout. Look past the aesthetics to the fundamentals of a home’s layout to see whether it has the potential to meet your housing needs for years to come. 
 
There is a lot of news right now about the instability of the housing market. While the market will always fluctuate, if you buy a home that can adapt to your life long-term if needed (regardless of your short-term plans), your satisfaction with your home and investment has a greater chance of outliving any market volatility. 

Just Right in FoPo!

Posted on by Olivia Rush

Step aside bears…this Goldilocks has found his house! Last year, Devin told me he would be in touch with me soon about buying a house. His epic rental in NE had been the home of countless gatherings and parties, but he felt it was time to make the move to SE, where the majority of his community lived.

Having grown up helping his parents fix up homes, Devin wasn’t afraid of a fixer. He also was a sucker for classic charm and vintage details, so we found ourself looking at a wide variety of homes.

House 1 was a beautifully remodeled farmhouse with a cute backyard in Lents. Devin loved it and went back for a second viewing, bringing friends with him to share in his excitement. This was at the very beginning of the spring selling season, and about 20 other buyers also loved this turnkey home…so his first offer was beat out.

Next up, another Lents home, but make it major fixer on a huge lot. We had to fight and claw our way to this one as second backup, but we finally got our offer accepted. After inspections, however, it became clear why the other two buyers had terminated. In addition to some bigger known repairs, there were also too many unknowns that made taking on this project too risky. Sadly and a little deflated, Devin had to terminate.

For a minute, Devin took a break from the search. Riding the real estate roller coaster can be an emotionally exhausting process. But he kept one eye peeled, and when the *just right* cosmetic fixer in FOPO (his secret dream neighborhood) hit the market, we were ready.

Just 1 block away from some of his besties, this structurally-sound, plain-jane home was the perfect amount of project. This time Devin was determined, and We just barely beat out 4 other offers with some key strategic terms.

Fast forward to closing day. Devin has a list of to-dos and a neighborhood full of friends (including me!) welcoming to his new home. I couldn’t be happier for him and excited to see him work his magic to make this house a home.

Cheers Devin! Welcome to homeownership and to the neighborhood.

KEEPING THE ALBERTA ARTS ARTISTIC

Posted on by Living Room Realty

Keeping The Alberta Arts Artistic

Chaz wearing the most fabulous outfit accompanied by a fancy champagne bottle in front of his new house on Keys Day™️
Now this is how you show up to keys day!

I knew this home was special when I laid eyes on her; a stunning red Craftsman beauty whose walls have more stories to tell than I ever possibly could — eager and waiting to be lovingly restored. I am so glad this home landed into the illustrative and loving hands of the very talented tattoo artist, Chaz Vitale. If there is anyone with the proper eye and admiration of architectural design, it is Chaz. The amount of queer magic and love being poured into this home is absolutely immeasurable and I am beyond ecstatic to have had any part of it. We connected in more ways than one, coming from the same marginalized communities of being queer and trans people. I deeply believe this made our experience feel more bonded and emotional at that. Chaz, thank you for bringing your necessary artistic flair to the Alberta Arts District. You are needed here and I am so dang proud of you!

I can only aspire to continue to build connections with more BIPOC, queer, non-binary, trans, etc. clients in the future. Curating connections in our communities is vital to both my business and, well…my soul. My role in real estate is to advocate for all of my clients but especially those that come from similar backgrounds and share familiar life experiences. I am so grateful to have the trust of my clients in an industry that hasn’t always held our best interests; rest assured, I, Río Palomares will advocate to the best of my ability and ensure you get the representation you not only seek but deserve.

 

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Just Listed: Turnkey + Room to Grow in Lents!

Posted on by Olivia Rush

This cheerful, well-maintained home is 100% move-in ready as is. It also offers plenty of space for all your hobbies and opportunities to expand and grow your equity!

This entertainer’s dream features a massive open living room that flows into the kitchen and dining space, with treetop views and ample natural light pouring through the windows. Tons of storage and a large island make this kitchen a functional dream for the chef in your life. Enjoy your morning coffee or an after-work brewski on the covered back deck, directly through the sliding door off the dining area.

The large primary bedroom features a dreamy walk-in closet and en-suite bathroom, with two more large bedrooms, full bathroom, and dedicated laundry space rounding out the upstairs. Below, an oversized 4-car garage + 400 sq ft space with electrical, drywall, and dirt floor = unlimited potential. Build an ADU or massive workshop or expand the main house downstairs?

A sliding door from the kitchen to a private back deck increases your living space even more. Down the back steps, relax and enjoy the sunshine in this peaceful gardener’s backyard. Brand new roof in April 2022! Minutes to transit, highways, and the best of Lents + SE.

3 bed | 2 bath | 1402 sqft | 4 car garage + 690 sf unfinished space | 0.11 acres

10328 SE Ramona St, Portland, OR 97266

Offered at $439,000

They Geared Up for Battle, And Won Twice.

Posted on by Living Room Realty

Andrew + Alice are a dream team. They contacted us over 3 years ago in regards to purchasing their next home. They wanted it to be a good investment and so they started dreaming, planning, saving, and angling themselves so that they would be in a great position when the time came to buy their home.

Initially, how could we use our position to our advantage? A fixer-upper? Most of the homes we saw were in pretty bad condition and would take a lot of energy and effort to be livable. This would end up being cost-prohibitive. So, we changed tactics. They still wanted a fixer-upper but it had to be livable. One day they sent me a home they thought could possibly work. The minute we saw it and read through the specifics we knew this house would fit them like a glove. We had to get to work. The type of competition out there could discourage some buyers, but Andrew and Alice knew we could compete. So we fought. Multiple offers were sent in on this house. Some higher than ours. But, Andrew and Alice understood the importance of strong terms and that the terms you put forth as a Buyer could be even more attractive to the Seller than a larger purchase price. Andrew and Alice were clear in their communication. Their positioning was so attractive to the Seller that they ended up getting in contract!

 

When finding a fixer-upper, inspections can be a nail-biter. Unfortunately, the inspections showed us that this house needed more repairs than we initially thought. Andrew and Alice did not quit. We geared up for our next battle and got a great team behind us. One of the best parts, with help of quick estimates from our incredible contractors, was that we were able to negotiate an amazing buyer’s credit! They won both battles and got the home they dreamed and planned for. And to you three, we raise our glasses! You fought hard, persevered, and kept the optimism of your dream alive during the process.

 

Congratulations Andrew and Alice! Opal now has a beautiful home to grow in. We are thrilled for your family! Thank you for allowing us to join you on this journey!

Darling condo with lake views!

Posted on by Tracey Henkels

JUST LISTED

224 Ridgeway Road, Lake Oswego, Oregon 97034

Offered at $325,000

1 Bed | 1 Bath | 756 SF | MLS# 22698273 | Taxes: $3,455

VIDEO TOUR

Welcome home to your peaceful perch overlooking the lake! This darling Lake Oswego condo is full of classic charm and beautiful views amid a tranquil setting.

Located on an upper floor, the unit has a lakeside, covered balcony that will make your heart beat faster. It’s the perfect spot to have your morning coffee and take in the gorgeous lake and forest views. As you enter, you’ll notice the beautiful hardwood floors throughout the living and dining areas. The cozy dining room has a large window that looks out on the park-like grounds and the living room is spacious enough for both leisure and work-from-home purposes.

Large double-pane windows let in plenty of natural light throughout the unit and a recently installed          mini-split is the perfect enhancement to the heating and cooling for this sweet sanctuary.

 

The galley kitchen has electric appliances plus substantial storage & counter space. You will find the washer and dryer tucked away here, too.

 

 

The bedroom boasts hardwood floors, as well as a ceiling fan and a full-length mirrored closet door. Bonus, there is a good-sized storage unit included! Close to parks and downtown Lake Oswego, you’re just a quick drive from all the area has to offer!

 

 

 

 

Great location for car-free living! A pleasant five-minute walk takes you to the grocery store, bank, restaurants, movie theater, gym, Lakewood Center for the Performing Arts and other amenities. The Willamette River and Old River Road walk/bikeway are 10 minutes away on foot, less by bike. Safe neighborhood for biking, close to Tryon Creek Park trail and a 10-mile bike ride into downtown mostly on car-free trails.

Don’t miss this one – it’s the spot you’ve been looking for on a budget!

A Vintage Beauty for Autumn and Dylan

Posted on by Tracey Henkels

 

Autumn and Dylan were ready to trade apartment living for their own special place. They were looking for the perfect setup with a large garage and space to skateboard. When this classic beauty in Mt. Scott popped up, they couldn’t resist its vintage charms. Their excellent offer was accepted, and they began their process of due diligence with an inspection by our great go-to inspector Uli Sommers.

They are so excited to move into their great new spot, right by the park and with many projects to tackle. Congratulations Autumn and Dylan, we loved working with you and making your home ownership dream come true. And thank you to Team Henkels for making it happen!

Brooklyn Blue Bungalow

Posted on by Alyssa Isenstein Krueger

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

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

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

Just Sold: Woodburn New Construction for First Time Homebuyers

Posted on by Living Room Realty

JUST SOLD

1070 Kennedy St, Woodburn, OR 97071

LISTED AT: $399,000 | SOLD AT: $400,000

3 BEDROOM | 2 BATH | 1,302 SQFT
MLS# 21573099 

Persistence pays off! I first met Marcus when he choose to intern at my previous brokerage. He had recently graduated college and wanted to explore some career paths for himself. He was an incredibly bright young man at the time with the world in front of him. He opted not to go into real estate, and decided to pursue a career with a finance company.

Fast forward to the fall of 2020, in the midst of the pandemic,  when he approached me about finding a home for himself and his family. He was now married, and the father of a young daughter. They wanted to find a place for their family to grow and call their own, but desired to keep their budget to under $400k. We began their search in the Portland Metro area, but ran into limited inventory, questionably habitable homes, or Townhomes which had HOA amounts or special assessments that made their price point lower in order to keep they monthly payments the same as a detached home. We wrote offer after after, only to lose out over and over.

Still Marcus and his wife, Maddeighy, remained undaunted. We keep looking, slowly expanding our search out to Hillsboro and Beyond, Newberg, deep East Portland, and finally South towards Woodburn. What you got as you went out was not much better, but at least there were more options. We keep searching through the Winter, Spring, and into the Summer, when they informed me that they were expecting their 2nd child and really did need space for 4. They were due in November, so we hoped to be in contract on something before their new daughter came. They hunt progressed.

We finally came across some new homes that were under construction in the Woodburn area. Marcus works in Wilsonville, so the commute was not that bad in comparison to some of the deeper east and west areas we had looked at. There were 3 properties all under construction, all for sale, with 1 of them pending. They pounced and we wrote an offer, in the hopes that the home would be as envisioned when they were all complete. This was a leap they had to take, as there was no flooring, countertops, appliances, concrete outside, or landscaping done when we viewed it. They decided it was better than most other things they had seen, and after a few negotiations with the listing brokers on the minutiae of the sale, we were in contract.

New construction is an exercise in patience, and despite writing our closing for 45 days (we were told they thought they would be done in 30 days), nothing is ever as planned. At 45 days, we were told the final building inspection by the county still needed to be completed, and no Certificate of Occupancy would be ready, so we pushed out a week. 1 week lead to 2. 2 weeks turned into 3. We hoped no more delays would occur, and thankfully, the day before  Thanksgiving we were given word that the Final Inspection had occurred, the building permit had been signed off on, and Certificate of Occupancy had been issued. The day had arrived, and despite the hope that they would have a home ready to move into before their 2nd daughter arrived, they would be now have a home for her and her sister to grow up in and call their own.

Cheers Marcus, Maddeighy and Family, I hope that you make many lovely and wonderful memories in your new home!

 

When you know what you want, the rest just falls into place!

Posted on by Tracey Henkels

Congratulations to David and Clara!!

Some folks just know what they want and it happens fast! This is definitely true in David and Clara’s case. This fun couple came to our team via my teammate, Jasmine Deatherage. They reached out, ready to start the process. We chatted briefly and I knew we were going to not only help them purchase a home but also have fun in the process! We scheduled our Buyer’s Meeting- a meeting we have with all buyers before we get started. We go over the buying process, what to expect in the current real estate market and how our team works. It’s pretty much a requirement for all of our buyers. 

But hey… that meeting didn’t even happen!! Right after we scheduled our Buyer’s meeting, a fantastic home in a fantastic location popped up and they wanted to jumped on the opportunity! Things started rolling along and we just filled in the blanks as we went. David has bought a few homes in his life so he was familiar with the process. 

And now, they own this darling home! The home has so many great updates, a fantastic layout and solid bones! Congratulations, David and Clara!! We are so excited to see how the kitchen remodel turns out.

Congrats to David and Clara!

How to Get An Offer Accepted Before An Open House

Posted on by Alyssa Isenstein Krueger

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

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

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

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

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

 

Mid-Century Delight for Delightful Buyers In Kenton!

Posted on by Alyssa Isenstein Krueger

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

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

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

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

 

What a cute house!

Posted on by Tracey Henkels

Congratulations to Janice and Mic!

I had the pleasure of helping two very kind people buy a lovely home in SW! Janice and Mic were referred to me by a past client, they were looking forward to retiring soon and hoping to find a well-maintained home in a peaceful neighborhood. We found just the place! A lovely home in the Cedar Mill area, perfect for relaxing, close to everything and plenty of space for their cats. So many updates along with an added wing with vaulted ceilings. They couldn’t be happier! 

Cheers to Janice and Mic!!

JUST LISTED: Classy Sylvan Daylight Ranch

Posted on by Tracey Henkels

JUST LISTED

710 SW VIEWMONT DR Portland, OR 97225

Offered at $720,000

5 Bed | 2 Bath | 2896 SF | MLS# 21169366  | Taxes: $7,179

OPEN HOUSES: Sat 10/9 10AM-12PM & Sun 10/10 11AM-1PM

VIDEO TOUR

This well-maintained daylight ranch is perched high off the street in the gorgeous West Haven-Sylvan neighborhood! Lovely terraced, mature landscaping and a convenient half circle driveway give this home so much curb appeal.

Entering the foyer, you’re going to love the vaulted entry and abundance of natural light. An open staircase leads you up to the main level with a wonderful open floor plan, hardwood floors throughout and updated double-pane windows all around. The spacious living room has a cozy gas fireplace for those chilly months of the year. In the adjacent formal dining room, French doors deliver you onto an oversized, covered patio terrace overlooking the lush out of doors. This private exterior terrace is an extension of the home and has ample space for both outdoor dining and lounging: a truly wonderful space for entertaining! The formal dining room is conveniently located next to the warm and inviting remodeled kitchen touting stainless steel appliances, plenty of storage, granite countertops and a gas range.

The layout of this 5-bedroom house is an absolute dream with 3 bedrooms on the main with a full bathroom and 2 more bedrooms on the lower level with a full bathroom. Both bathrooms are large & clean, perhaps they could be waiting for your personal touch. Stay comfortable all year with central air conditioning and 2 fireplaces.

Head on down to the stairs and you’ll find charm around every corner! The lower level is a cleverly designed space with optimum livability, featuring a family room with a wood-burning fireplace. This space is easily imagined as a media room, guest quarters, really the possibilities are endless! You’ll appreciate how much storage this home will bring you, with a large utility/storage room, ample closets throughout and an oversized 2-car garage with large hanging shelves to maximize storage.

JUST LISTED: Awesome Ardenwald Bungalow

Posted on by Tracey Henkels

JUST LISTED

8706 SE 28TH AVE Milwaukie, OR 97222 

Offered at $525,000

4 Bed | 1 Bath | 2872 SF | MLS# 21231882  | Taxes: $3,976

OPEN HOUSE: Saturday 10/2 12PM-2PM

VIDEO TOUR

Check out this charming Ardenwald bungalow in a truly special pocket of Milwaukie. The home shines with classic detailing and character galore! Perched above the street, you’ll love the charming front porch and lovely front door with sidelights. It’s the perfect place to relax with your morning coffee or just watch the beauty that surrounds you.

An inviting and oversized living room greets you with hardwood floors and 2 beautiful picture windows. The entire home is bathed in bright natural light and cozy vibes. The living room flows seamlessly into the formal dining room which acts as a nice axis point to the kitchen and spacious backyard. The perfect layout for entertaining both inside and out!

Moving through to the kitchen, you’ll notice how large & spacious this space feels. This kitchen features lots of storage, counter space and cabinets as well as dishwasher & breakfast bar.

The layout of this 4 bedroom house is an absolute dream with 2 bedrooms up and 2 on the main level.  The full bathroom on the main level is nicely remodeled and centrally located to all bedrooms!!

The low-maintenance backyard is lovely and perfect for outdoor living and entertaining. The yard is fully fenced and includes a large shed for additional, convenient storage for your lawnmower, outdoor furniture, gardening tools, etc… Walk only one block to connect to the Spring Water Corridor! Also, a short walk over the pedestrian bridge brings you swiftly to the MAX SE Tacoma/Johnson Creek park and ride for easy commutes and City fun!

Plus, loads of storage space and laundry in the unfinished basement!

This home has so much character, convenience and appeal that you might just fall head over heels!

Distinctive University Park With A View

Posted on by Tracey Henkels

Just Listed!

VIDEO TOUR

4717 N WILLAMETTE BLVD Portland, OR 97203

Offered at $625,000

3 Bed | 3 Bath | 2799 SF | MLS# 21344545 | Taxes: $8,235

TWILIGHT OPEN HOUSE: Thursday 9/30 5:30 PM-7:30 PM

What a knockout! Gorgeous, wonderfully preserved classic home with a classic Willamette Boulevard view.

Upon entry, you’ll notice the high level of care shown to this home with gorgeous wood floors, bright sunny spaces, remodeled kitchen, 2 remodeled bathrooms and a wonderful floor plan. The living room is perfect for entertaining with a classic wood fireplace, lovely mantle and large bay windows overlooking the city and river.

The open floorplan flows easily through the formal dining room and updated kitchen featuring plenty of counterspace, stainless steel appliances and classic tile backsplash. The formal dining room is bright and spacious with French doors opening onto the patio.

Moving through to the kitchen toward the back, you’ll find a fantastic informal dining room/sunroom. The space could be a wonderful spot for lounging, the perfect place for all of your house plants or a breakfast nook! This room opens to the very private backyard with breezeway to the oversized 2-car garage.

The layout of the home is ideal, with 2 large bedrooms and a full bathroom on the main level. The second floor offers a lovely primary suite with wood floors, a full bathroom, walk in closet and storage galore on one whole side room.

Winding downstairs to the basement you’ll find a clean basement with great ceiling height. A third bathroom just waiting for a remodel is conveniently located on the lower level. This is a very large space easily imagined as a media room, family room, yoga room… really, the possibilities are endless!

The location is ideal: Great for walking and biking. Check out this gorgeous and inviting home, you might just want it to be yours!

Chasselton Charm for these First Time Homebuyers

Posted on by Living Room Realty

JUST SOLD

The Chasselton Condominiums
701 NE 28th Ave #31
Portland, Oregon 97232

SOLD AT: $427,500

2 BEDROOM | 2 BATH | 1,344 SQFT
MLS# 21427447 

Today I am reminded of why I truly get fulfillment in my career. Yesterday I had the pleasure of handing over keys to two of the most genuine and deserving people on the close of their very first home. Jen and Matt were referred to my by their lender, and I am so glad he did. Real Estate is a journey, and many times we as agents are as much along for the ride just as our client’s are. We walk each home with them, talk about the pros and cons, envision what a home could be like in the future, savor it when we win the bid, and take the sting when we get beat out on offers. So when you and your client’s get along so well together and seem to be on the same page with the good and the bad of each home they see for themselves, you are exultant when they find the one just right for them.

We started our search seeing 10+ properties a day, weekend after weekend, and threw in some weekdays for fun as well. To say we saw a lot of homes is an understatement. Jen and Matt took it upon themselves to really educate themselves about the market, what seemed like a good deal and what clearly was not. We started looking at condos, but after seeing some of the HOA dues that came with them, we diverted to detached homes and townhouses without HOA’s. We saw so much in their price range, wrote a couple of offers, only to be beat out, and finally ended up in contract on a home in Milwaukie that they felt would right for them. It was flipped prior to the current owners purchasing it, and it had all the trappings of a charming home, with the old bones of a a turn of the century property. We had our inspection, and things started out bad (no sewer cleanup) and ended up worse (inspector pulling me aside to have a very candid conversation about the condition of the crawlspace). After a laundry list of major red flags, Jen and Matt decided to terminate. I remember my words to them: “Sometimes, it is okay to walk away and start again. We will find you the one.”

I headed out of town for a last bit of summer vacation, and we talked about one of the condos they had seen early on in our search. It had just had a major price reduction, and they felt it was finally at a price they could feel comfortable with making an offer on. As soon as I got back into town, we made the offer and after some great dialogue between the listing agent, we were able to craft a deal between both parties that seemed to be a win-win. The condo was located in the Chasselton Condominiums, a converted apartment building in NE Portland originally built in the 1920’s, but recently converted to Condominiums in 2007. This unit was unique in the building, as it is the only one that was 2 units that were combined over different floors. This space would allow Jen and Matt enough space to have a several bedrooms and a bonus room, to have an art studio and game room for their hobbies and more importantly, allowed AC in the space, which their previous apartment did not allow and the major reason why they started their search! So here is a photo of the two East Coast transplants, outside their very first home purchase, after being Renter’s in Portland for over 20 years!

Thanks to Michael Larson at Principal Mortgage Group for his wonderful referral and his excellent work on the financing side for Jen and Matt.

Many thanks to the List Agent, Victoria Jayne of Jayne Realty, LLC for her exceptional work on the other side of this transaction. She was on top of everything on the Seller’s side and her communication and ability to put a deal together was second to none. I truly do hope to cross her path again and work together on another transaction.

Cheers to all parties involved and Congrats Jen and Matt!

JUST LISTED: Sweet Bungalow Near Reed College

Posted on by Tracey Henkels

Just Listed!

Sweet Bungalow Near Reed  

4015 SE 28TH Place, Portland, OR 97202

Offered at $599,000

2 Bed | 2 Bath | 1549 SF | MLS# 21646526  | Taxes: $4,447

OPEN HOUSE: Saturday 9/25 1PM-3PM & Sunday 9/26 12PM-2PM

VIDEO TOUR

Sweet, darling bungalow with updates galore, perfectly situated in the charming Creston-Kenilworth neighborhood. As you approach the home, you’ll first notice the gorgeous landscaping and flagstone patio perfect for an inviting outdoor living area, all under the shade of a lovely maple tree.

The front porch welcomes you into the foyer and a spacious living room. The home glows with new hardwood floors and newer, double-pane wood windows for an abundance of natural light. The living room is gorgeous, with a charming gas fireplace for cozy evenings. The open floorplan flows easily through to the formal dining room, breakfast nook and stylishly remodeled kitchen with stainless steel appliances, classic tile flooring, custom cabinetry, granite countertops, and lots of counter space. The breakfast nook could easily flex for a sunny home office, homework area, reading nook, or lounge area off the kitchen.

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The circular layout of this home is ideal, with two bedrooms on the main level. One of the bedrooms has a built-in closet organizer and sliding glass door that leads to the back deck and patio. The large bathroom has a double-headed shower for two, custom porcelain tile, vessel sink, and pocket door. The laundry/storage closet is located on the main level for convenience. Plus, enjoy central air conditioning on those hot summer days!

You’re going to love the bonus basement space with an exterior entry and lovely full bathroom! The lower level is clean and spacious with a kitchenette, and is being sold furnished for a turnkey experience or ready to operate as an income suite. Plus, you’ll find loads of extra storage space in the basement along with a 92%-efficient gas furnace!

The generous yard is fully-fenced with a lovely deck, firepit and patio. There is a long driveway for great off-street parking, with a single-car garage at the end. And a bonus tool shed behind the garage for even more storage options. Also available with an accepted offer is a ready-to-build design for a 2 bd/1.5 bth ADU to replace the garage.

This location of this warm and lovely home is ideal! Situated on a quiet street, and easy walking distance to parks and many shops and restaurants in the neighborhood! There is so much to love in this well-maintained and cheery Creston-Kenilworth Bungalow!

 

JUST LISTED: Immaculate & Energy Efficient Craftsman

Posted on by Tracey Henkels

JUST LISTED!

6027 NE 27TH AVE Portland, OR 97211

Offered at $589,000

3 Bed | 2.5 Bath | 1606 SF | MLS# 21095348 | Taxes: $7,459

OPEN HOUSE: Saturday 9/25 1PM-3PM

VIDEO TOUR

Gorgeous, newer Craftsman home built for both efficiency and classic beauty with charming open spaces, gorgeous kitchen and hardwood floors throughout!

Located on a lovely street with mature landscaping, mature trees, large front porch and convenient alley access. A cheery dining room and foyer greet you with tasteful built-ins, high ceilings, and big double pane windows to let the sunshine in. It’s possible it will be love at first sight!

Continuing into the heart of the home, you’ll love the fantastic gourmet kitchen with stainless steel appliances, wood cabinetry, gas range, and abundance of counter space with eat bar. The open layout flows nicely through the kitchen into the living room which glows with natural light and a stylish gas fireplace. A sliding glass door leads you to the lush backyard complete with newer shed and custom storage bench with seating.

Wind your way upstairs and you’ll find charm around every corner. The upper level is a cleverly designed space with optimum livability, featuring a picture-perfect primary suite, 2 additional bedrooms and 1 more full bathroom. Also, check out the upgraded wide plank, hardwood flooring and newly carpeted stairs! Enjoy the added convenience of an upper-level laundry room.

The low-maintenance, landscaped backyard is very private and perfect for outdoor living and entertaining. The yard is fully fenced and fido friendly.

This Energy Star Certified home features a high-efficiency furnace, A/C and tankless hot water heater. The home energy score is a 10! Enjoy a lovely walk to McMenamins Kennedy School, New Seasons, Alberta and Fernhill park! Plus, for those who travel, this location offers a swift and convenient commute to the airport. Welcome home!

Just Listed – North Gresham Ranch – $364,900

Posted on by Alyssa Starelli

Darling North Gresham 3 bed, 1 bath ranch. This home has been beautifully updated with a newer kitchen and bath (knotty pine cabinets, quartz counters), vinyl windows, laminate floors, new hardy-plank siding, exterior paint & covered patio with sky lights!! It boasts a new electrical panel, new water heater, heat pump, and even AC.  It has been updated with a NEST thermostat and Nest cameras. Seller will be leaving wired speakers in living room with hidden closet for sound system. Sitting on a  large .17 acre lot, it  has RV parking, a dog run, a fire pit with patio, lawn & several fruit trees. This is a fantastic buy for under $400K!

It’s situated in a quiet neighborhood, on a lesser used non-thoroughfare road (people driving it are neighbors) and is located just blocks from Mt.Hood Community College, so this home would be perfect for an adult student, new professor, or even a TA!  Great starter home or downsizer home with a few min drive to hiking, the river, dog parks and shopping. Troutdale and WoodVillage amenities are very close by.

1340 NE La Mesa Ave. Gresham, OR

3 beds, 1 bath, 838sq ft. 2 car garage
.17 acre lot, taxes: $3040.80

Just Listed: Bull Mountain Beauty

Posted on by Tracey Henkels

Just Listed

16117 SW 146TH Ave Tigard, OR 97224

Offered at $699,900

4 Bed | 2.5 Bath | 2893 SF | MLS# 21562518  | Taxes: $6,942

OPEN HOUSE: Sunday 9/19 11AM-1PM

VIDEO TOUR

Welcome home! This stylish contemporary home brilliantly balances modern and traditional elements and is certainly on par with the best that Bull Mountain has to offer.
Mature landscaping and a lovely walkway bring you to the front entry. Once in the foyer, you’ll love the vaulted entry and the wonderful circular floor plan.


Adjacent to the foyer is a voluminous formal living room & dining room with vaulted ceilings, certainly designed with entertaining in mind. To the other side is a spacious den/home office with loads of built-in bookcases.


Making your way from the living room you’ll find yourself in a gorgeous, remodeled kitchen touting polished concrete countertops, Viking professional 6 burner cooktop with downdraft ventilation, double convection ovens, custom walnut cabinets with birch interior and cabinet lighting, extra-large Blanko stainless steel sink, filtered water, and instant hot water. Just off to the side is a darling rounded dining nook with windows overlooking the stunning, landscaped backyard. The kitchen conveniently opens to a family room with lovely wood burning fireplace. A wonderful space for gathering with friends and family. All through the home, double pane windows abound to let the sunshine in.

Moving past the family room, you’ll find a large laundry/mud room with a sink, conveniently connecting to the 2 oversized car garage. The garage has built-in shelving and plenty of extra room for storage.
Making your way up the grand staircase, you’re going to love this layout with all 4 bedrooms upstairs plus an oversized landing. Each bedroom is large with ample closet space. The primary suite is spacious and touts an expansive bathroom with tons of natural light, soaking tub and walk in shower. Continuing through the bathroom you’ll find a generous walk in closet with skylight.

The 4th bedroom is a huge bonus room with wood floors and a coved ceiling- a great flex space!


Let’s talk about the backyard! Beautiful outdoor spaces and garden vignettes throughout this spacious property. Gorgeous, grand deck overlooks the lush landscaping and trees. Fully fenced with a generous hardscaped outdoor dining area and gravel firepit area. Convenient, newer shed for your garden tools and more.

This home is meticulously maintained. Just a few of the most recent elements replaced are the roof, furnace and A/C. Extra clean and dry storage space under the home, currently used as a wine cellar. Plenty of space for RV or boat parking with water and electric hook-up. Welcome home!

A perfect 10!

Posted on by Living Room Realty

I met Bryan and Kathe at an open house. They had moved to Portland three years ago from northern California because the wildfires had limited their options for finding a home. Being this would be their first home, I made it my mission to have fun finding the right house while making the process as smooth as possible. 

Making a purchase this big for the first time can be overwhelming with everything you have to take into consideration like the current market atmosphere to the unpermitted half bath in the basement but they were cool, collected and asking the right questions to make an informed decision. Just  a few blocks from Kenton Park, Bryan and Kathe closed on a home with a perfect energy score of 10 that checked off much of what they wanted. Congratulations and a big thank you for being awesome clients, I love helping people find the right house while having a great experience! 

Optimism Leads to Achievement!

Posted on by Tracey Henkels

Congratulations to Chris and Hannah!

Part of what I love about my job is the opportunity to meet all kinds of people and help them through the shared goal of homeownership. It’s fascinating what comes up for people, what ideas they arrive with and how those ideas affect their journey. Hannah and Chris brought optimism with them to the home buying process and it made for a very smooth and very fun experience! They were open to ideas and trusted our input. They were a blast to check out houses with!

Hannah and Chris found a gorgeous remodeled home in St. Johns and sailed through the transaction like champs. We ended up running into a very uncommon snag along the way and they were open to creative solutions and ready to roll with the punches. Everything worked out great and I really appreciate their optimism along the way. Cheers!!

 

Pearl District Condo for a First Time Homebuyer

Posted on by Alyssa Isenstein Krueger

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

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

The Family Connection

Posted on by Sean Patrick O'Feery
We are always so honored to have a client refer one of their family members! After helping these clients both sell and buy this year,  we were excited to get a call from a sister and brother in law moving in from out of state.  We love seeing family move closer to each other and we were delighted to be able to use the limited time they had in town to find them a wonderful home in West Beaverton, just a hop, skip and jump from family.  More time for the cousins to play!
Have family or friends moving to the Portland area?  I would love to be of service, give me a call!

Creativity is intelligence having fun!! – Albert Einstein

Posted on by Tracey Henkels

Congratulations to Justin!!

Sometimes I meet clients who have a unique vision searching for a special property. This was definitely the case with Justin! He is an artist and psychologist who strives to bring people together and build community around him. What a gem! 

Once we met up and started looking I quickly realized how unique of a property he was looking for and I knew this would take some serious searching and diligence. I was ready to be patient and do whatever it took to make it happen for Justin. 

But then wouldn’t you know it, Justin must be connected to the stars because he made it appear! He found a darling house that fits his needs perfectly! It had been on the market for quite a while waiting for the perfect buyer. We were able to get a great offer accepted for Justin and we were off to the races!

I am so happy for Justin and I wish him all the best in his sweet new home!

Being a Citizen of Portland

Posted on by Sean Patrick O'Feery
Being a citizen of Portland is not a matter of where you are from, it is a mindset you bring with you.
I’m here to give you one man’s opinion:
Everyone wants to close the gate once they’re in, but more and more fine folks are moving to Portland. I, for one, am a transplant from Seattle. I moved here following my heart and have made it my home.
Whatever your reason for coming to Portland, I want to make you feel welcome. I, of course, work with a whole bunch of people moving to our area. Some have stayed because it felt right, some have left because the perception was different than the reality. Some leave again for work, some leave because of the long grey winters.  I do want to say that Portland is not just one thing. There are many little cities hidden within the whole and I hope that people, families, friends, humans, dogs, cats and pet fish all are welcomed and can find their perfect niche to call home.
I’ve heard it said that our  transplants from the south (ie: California) often try to get rid of the license plate as quickly as they can. But in reality, this is a city of transplants, just don’t be a jerk 😉

When your “New Normal” is…. freaking awesome!!

Posted on by Tracey Henkels

Congratulations to Jake and Nicole!

I think you can all relate when I say- what a year!!  The pandemic really threw a wrench in things (to put it very mildly) and we are seeing a lot of folks making changes in the aftermath. My clients, Jake and Nicole, exemplify this and are making a big change! They own a darling home in Overlook and loved it when they bought it. Working from home, through the pandemic, they realized that owning an older home (no matter how cute it is) can be a lot of work! They were feeling overwhelmed with the tasks required of them and realized that yard work was not for them. They felt inspired to look for a low-maintenance place with modern conveniences and a modern design. What they found was perfect! A lovely newer townhome in Hillsdale with clear grain cedar exterior, floor to ceiling triple glazed European windows & doors, white oak hardwood floors, wool carpet, quartz countertops, marble master bathroom, stainless steel appliances. I’m so happy for them! Congratulations!

 

 

 

Walkable on the Westside – Multnomah Village

Posted on by Veronica Powell

This one is SOLD!  But if living in The Village sounds like what you’re looking for, I’m happy to help you find “the one”.  This great close in neighborhood has the charm and character you’re looking for and it’s just minutes to downtown.

If you’re already in the neighborhood and looking to sell, I’d be happy to share my knowledge of today’s market (different that 3 months ago) and how to maximize the return on your investment.

Veronica Powell

503.936.3475

Veronica@LivingRoomRE.com

 

Parkrose Proud

Posted on by Alyssa Starelli

To say this market has been a bit of a challenge would be an understatement, but this guy stuck it out, rolled with the punches and ended up with a better-than-expected, larger home for less money and worth more than we initially thought possible. It’s even in his preferred neighborhood. It even has a second bathroom!  Justin is now the proud owner of a pristine blank slate, with a perfect kitchen, ready for his personal taste in cozy Parkrose.

Justin, thank you for choosing me to be your Realtor. Thank you for all the lattes and I’ll miss spending my weekend mornings with you, but I’m so glad to have closed this home with you and can’t wait to see what you do with it!  Sincerely, Alyssa

 

Easy peasy… here’s the key-z!

Posted on by Tracey Henkels

Congratulations to Kari & Trina!!

I love referrals!! I think I’ve said that before, but it’s just so true! Every dang time.

Here’s the story, Kari and Trina found the dream-house before they found the dream-agent. We happen to have mutual friends who referred them to me and what a great match we are! They are fun, smart and know what they want. Perfection!

Here is what is so cool about referrals. When a past client or close friend refers me to someone I’ve never met, it’s far more likely that we will build trust quickly and be able to hit the ground running because the new client already expects to have an awesome experience. That was certainly the case in this situation. This was a competitive sale and we needed to hit the ground running. From the minute I met Kari and Trina I knew that we had trust and that we could do what needed to happen to get them into their dream house. And it was an awesome experience! Now they have the keys to their forever home and I hope they refer me to their friends as well.

If you or anyone you know wants to talk about buying or selling a home, I would love the opportunity to connect with them!

There comes a time when all the pieces fall into place!!

Posted on by Tracey Henkels

Congratulations to the Voelkers!!

 

I’m so thrilled for the Voelkers and their new home!! They exemplify patience and stick-to-itiveness! And now they have keys to a sweet 50’s ranch in a great neighborhood close to their friends. 

Everyone knows that things don’t always happen on your timeline. Sometimes you’re rolling with the punches and pivoting more than expected. The Voelkers were always game to try things out and walk away when it wasn’t right. That’s especially hard to do in a seller’s market and there’s no guarantee the next one will be any easier for a buyer. But, again, patience and persistence run deep in this family, and I admire that! Buying a home is no small thing and you should only buy the house that is right for you. This is surely the home that is right for the Voelkers! Cheers!

 

 

Second Offer is the Charm in Kenton

Posted on by Alyssa Isenstein Krueger

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

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

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

Clear Eyes, Full Hearts

Posted on by Living Room Realty

Today is special. Today I will give M & A keys to their first home. Their first home! It’s just so exciting. I’ve known M for about 15 years, we worked together, we commiserated together, and now when we see one another we can just chill together. It makes me so happy to be the person they chose to lead them through this process.

If you and I have ever had a conversation about real estate you already know that I find true joy in working with first time homebuyers.  There is just so much potential that comes with owning a home. In the big picture it’s a way to gain longitudinal wealth, an investment that may be used to propel you into something new, or simply the security of never having your rent raised again. In the day to day there is the feeling of safety, of having a place to grow and evolve, and knowing there is a place that offers comfort the moment you walk through the door. Lastly, we can’t forget the ever present improvements and projects. Sometimes fun and sometimes challenging, home projects almost always come through with an opportunity for growth. You’re going to learn things on YouTube that you never thought you’d need to know!

 

Finding Perfection in Parkrose

Posted on by Alyssa Isenstein Krueger

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

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

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

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

Darling Grant Park Bungalow

Posted on by Tracey Henkels

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!

Sweet Kenton Cottage

Posted on by Tracey Henkels

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!

Posted on by Martin Cross

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*

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

Posted on by Tracey Henkels

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!

From the mountains to Fairview

Posted on by Living Room Realty

All photos courtesy of Rebekah Pierce and Catherine McDonald.

My former co-workers from when I was an Emergency Department nurse called me and asked if I could help them find a home.  They are not a couple but they are best friends that have bonded after meeting at a hospital in southern Illinois as well as a love for everything outdoors.  They rock climb, hike, bike, and mountaineer as well as travel all over the country and world for adventure.  They like spending time together so much that they wanted to move into a home where they can be close to each other but still have their own separate living spaces.

We started out with looking for land on Mt. Hood in Welches.  We started the process of how to verify buildable lots vs subdividable land.  Getting lenders friendly to this process and seeing if they could weather the process.  While doing this we looked at homes with potential for basement conversions into an apartment in Rhododendron to Brightwood.  We then started looking at duplexes in Gresham and beyond and that’s when we came upon this lovely duplex in Fairview with 2 fully finished units, parking, room for a garden, central to both of their places of employment, and close to all of their outdoor adventures.

I want to publicly say ‘congratulations’ and ‘thank you’ to Rebekah and Cathy for also reminding me to keep an eye on my goals and finding ways to achieve them.

 

Here’s the Start to a Wonderful Adventure!!

Posted on by Tracey Henkels

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!!

 

Shopping with Sally

Posted on by Alyssa Starelli

It was the middle of Covid 19, Year 2021 — both our faces covered by masks — I had only her smiling eyes to tell me if she really liked a place. A referral from a past-client/friend, Sally lamented not being able to have the ‘real’ Realtor experience (where you hop in a single car together and shop until you’re slap happy and speaking in code that both wholly understand) like her friend Corrinna had. But we made the absolute best of it.

Our first meeting we sat outside at the farthest ends of the longest picnic table, and over a beer I jabbered on about how the process would likely go with the current and ever changing constraints. We would drive separately “convoy style”, mask up, sani-up, and sometimes wait outside in the driving wind to get our turn at an open house. We’d be sure to cover our shoes and carry wet wipes to touch any surface — my germ phobia stronger than ever.

Vaccinated Sally holds her breath for a photo opp in the swankiest 1970’s time-capsule bar.

Via this method, we plodded along for  months and saw heart-breakingly fabulous houses, moderately boring houses, definitely-too-hideous houses, and even a house that saw a good amount of adult-partying in the 1970’s and stayed that way! Despite the Covid modifications, we did shop to exhaustion and definitely found that special coded language that told me in a few words, maybe just a sigh, all I needed to know…

We wrote on a few houses and were painfully out-bid despite our best effort. It was a marathon-like challenge, but then there was one: a 1960’s Tri-Level nestled in the tall swaying pine trees, not far from Sally’s all-time favorite Grocery Outlet location, and a hop and skip commute from work.  It had more rooms than she’d even dreamt of. It was really cute and it felt right. We wrote a healthy offer and it stuck!  Weeks later Sally was picking up her keys and getting a 3 hr tour from the previous owners. That felt right too.

My promise to Sally is that when one day she decides to change homes, we’ll hop in that car and shop until we literally drop.

Congrats to you on your new purchase, Sally, and thank you so much for choosing me to be your Realtor.  Moreover, thank you to Corrinna for referring me to her long time best friend, who will now be my friend. I’m lucky to know gals like you!

Sincerely,

Alyssa

 

Multnomah Village Meticulous Townhome

Posted on by Tracey Henkels

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!

Feeling “Whelmed”

Posted on by Living Room Realty

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

Posted on by Alyssa Isenstein Krueger

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!

Posted on by Tracey Henkels

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!

 

Last Tango in Mt Tabor

Posted on by Living Room Realty

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.

The Little Buyers Who Could

Posted on by Living Room Realty

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.

 

Third Time’s a Charm!

Posted on by Living Room Realty

Try and try again.

Home-buying is competitive lately, but newlyweds, Eamon and Pam were successful with the 3rd offer they submitted. We went in strong with an offer at 5% over the listing price and they included a commitment to move forward with the purchase as long as the home appraised for at least the listing price. That did the trick. Inspections took place during the chaos of the February ice and snow. Despite the crazy weather we got the job done and negotiated seller credit to cover some important repairs for the home.

The South Tabor home has been owned by the same family for 90+ years, since it was built in 1930. There’s a nice big yard that overlooks another neighbor’s even larger yard. The setting almost feels like it backs up to a park. Rarely do we find a small home with grand house features like this one. The living room has charming leaded glass windows and a fabulous fireplace. Built-in cabinets add old-world charm. The bathroom is spacious with cool vintage tile and hardwood floors run throughout the main floor. Clearly the house has been lovingly cared for by it’s original owners, but there’s great potential for the buyers to invest some sweat equity and polish things up a bit. Maybe someday they’ll finish off the basement. But for now they are picking out paint colors, planning a garden and settling in nicely to the South Tabor neighborhood. Congratulations to my favorite pandemic newlyweds!

– – – – – – – – – – – – – – – – – – –

Interested in making Portland your home?

Call Cheri Harney, at 503-319-4858.

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

Posted on by Tracey Henkels

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.

 

 

Three’s Company!!

Posted on by Erika George & Kari McGee

 

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!!

Seller Who Collects Rocks Finds Buyers Who Love Rocks

Posted on by Alyssa Isenstein Krueger

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.

The Complexities of Marketing Access To Capital

Posted on by Jamis Minnis

It’s been really interesting to think about how to market myself.

Currently, I’m lucky to have so many clients that the need is not immediately there.
Though, I imagine when covid subsides and the higher interest rates return I’ll be up in folks’ dms begging for a chance.
I’m trying to learn this Insta & FB Boost business, but I’m not a true internetter y’all.
I’m an introvert in an extrovert dominated field.
I have challenged myself to start posting soon so send me a tweet or something?
But how do I show the public proof/receipts of a job well done without images?
Oh yeah, that brings me to my point.
I’ll be the first to say that representation matters. Yes!
But have you ever thought about what it means for folks to represent themselves as a person with access to capital?
Not following? Here me out…..
My clients tend to run the gamut. Many have marginalized identities, some poc, some lgbtqia2+, some disabled, some are none of the above. Yes, most of them drive subarus, but that’s beside the point.  We, as individuals, are taught to traditionally display our accomplishments publically for others to celebrate. You did it. Job well done.
But, many of my clients aren’t here for the photos and hooplah. And I get it.
Many of  them have access to some generational wealth or privilege by being able to afford Homeownership. An opportunity that many of their surrounding community members do not have. Don’t get me wrong, there’s many proud moments of homeownership for my clients. Absolutely! But often coupled with complexity. One that feels overwhelmingly lucky, with a tug of guilt. Oftentimes, my clients want to remain anonymous.
Homeownership is very different from big milestones like graduating school and or getting a good job, or having a kiddo. There’s no immediate association with wealth to do these things.
Homeownership however, more often means you have access to minimally 10k to make it happen. And we all know that realistically 10k is chump change in Portland. Most often it’s plenty more than that. Some have absolutely worked hard and saved and overcome obstacles. Others have simply waited on standby for big money to arrive in their account from mom and pops. Both options are very real and very valid.
There is an old song that goes “it aint no fun if my homies can’t have none.”
And while I think that’s extreme, I know some of the sentiment is there.
I reassure my clients that guilt or shame is not a feeling to sit in.
But action is.
There are many ways to offset wealth.
Donating, renting an ADU at a lower cost to someone in need, supporting businesses (not  just food and art ya’ll, that goes for professional businesses as well) of folks with marginalized identities. You name it, there’s an opportunity.
So, how do I market my success without photographing it?
I’ll be able to get creative, no worries on that front.
I just find it a very interesting position to be in given so many of my clients have a complex relationship to homeownership.
And then there’s the ones that want a Full Photo Shoot.
And I’m here for that too. Haha.
I’ll conclude by setting an intention here:
May housing accessibility be so plentiful in the future that smiling marginalized faces won’t be an anomaly to see and celebrate. Therefore errybody can get in the photo and not think twice about whether they are deserving of a home.

This is why I love Real Estate!

Posted on by Living Room Realty

My Gladstone clients bought their first home 5 years ago and slowly set out to update/upgrade the house. No surface was left untouched, including the landscape! Every year, they took on a different project and in the 5th year of ownership, tackled a complete kitchen renovation. The works: new custom backsplash, converting the range to gas, beautiful quartz counters. When I put their house on the market, we knew it would garner tons of attention. After lots of showings and multiple offers, we found the perfect match….another first-time home buyer. As my clients lovingly said goodbye to their sweet house, I reminded them that their memories in that house will last a lifetime! And the 60% profit will help them get into house #2.

What a Knockout! Classy St. Johns Craftsman

Posted on by Tracey Henkels

Just Listed: 9525 N Kellogg St, Portland OR 97203

Offered at $579,000

MLS #20176058 |  Taxes $5,398 |  SF 2551 | 3Bed | 2 Bath

VIDEO TOUR

What a knockout! Gorgeous, wonderfully preserved Craftsman Bungalow with hard-to-find classic woodwork details, an impressive list of updates and character galore. Situated perfectly on a quiet street you’ll notice the lovely architectural details that include deep soffits, cedar lap siding and an inviting, pillared front porch.

Entering into the home, you will find a sought-after layout with over 1000 square feet on the main floor containing multiple flex spaces for a home office, homeschooling, media, or extra family space, plus 3 bedrooms and 1 full bath upstairs!

The living room is open and inviting with original hardwood floors and a beautiful picture window. This home has great natural lighting with so many windows and custom blinds from Smith & Noble!

The formal dining area is lovely with classic built-ins and ample room for hosting large dinner parties. Around the corner, you’ll find a darling dining nook with a barrel-vault ceiling, a big picture window and leaded glass built-ins!

Moving through to the kitchen you’ll see the fantastic updates including a newer gas range, dishwasher and refrigerator plus storage, counter space and cabinets.

Just off the kitchen, you’ll also find an office with high ceilings and a deep storage closet. And on the other side of the living room is a lovely bright den, easily imagined as a media room, home school room, office or flex space.

An exceptionally wide and beautiful staircase leads you to a perfectly laid out upper level with 3 bedrooms plus a full bathroom and large closets. The primary bedroom is very spacious with closets on one side and a dressing room with closets on the other. Again, gorgeous custom blinds are a perfect touch to these spaces as windows abound.

Winding downstairs to the basement you’ll find a clean unfinished space with great ceiling height. It’s great as-is or has so much potential for being finished out.

To the side of the home, next to the driveway, is a perfectly placed mudroom with ample space, convenient for daily use and storage.

Back patio has flagstone tile and a firepit ready for outdoor entertaining. The driveway offers lots of off-street parking and leads you towards the back of the property to the oversized garage.

This home touts a newer roof, furnace, air conditioner, water heater, gas range, dishwasher and refrigerator. Not to mention, so many wonderful built-in closets and nooks, you’ll have fun finding them all!

Convenient walk to Downtown St. Johns shops and restaurants, Pier Park, disc golf course, outdoor public pool, and Cathedral Park.

Check out this gorgeous and inviting home, you will want it to be yours!

Oh My God, We Bought The Farm! ~ Chickens & Goats & Horses Oh My!

Posted on by Martin Cross

Oh my God we bought the farm!  Chickens & goats & horses oh my!

 

When Kelly first approached me about looking for some property in the country she had several items on her “needs and wants” list. I don’t think she ever thought she would get it all AND MORE!!

She wanted a place in the country with at least an acre, preferably two or three, it needed to be move in ready-ish and preferably have a barn or outbuilding and space for a garden, chicken coop and possibly a greenhouse.

So off we went, over the hills, up the valleys and along the rivers. We went north, we went south, we went northeast and Southwest. Finally, she sent me a cute, tight looking 50s house on 6 acres north of Longview.

Not only was it more acreage then she dreamed of, it was already set up for horses, came with a barn, small greenhouse AND chicken coop, complete with chickens!

This was it! It felt like we had to act fast! The seller already had two offers in and more showings scheduled the next day. But, have no fear I said! We can do this!

Through careful discussion with the seller’s agent I was able to find out the list of terms and conditions that were important to the seller and we were able to negotiate a fantastic offer with a super fast closing date if the seller agreed to pull the house from the market and cancel any upcoming showings.

Even in this insane sellers market, through my knowledge of the market, great communication with the other agent, and the use of some clever terms and conditions I was able to get their offer accepted and Kelly and her family were able to say, oh my God we bought the farm!

 

Same House Different Clients Four Years Later

Posted on by Alyssa Isenstein Krueger

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!

 

 

 

Just Listed: Light & Bright Hillsboro Ranch

Posted on by Tracey Henkels

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!

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