NE Portland: Where PBR and Pinot Noir Share the Fridge

Ah, Northeast Portland. Land of artisanal everything (cheese, pickles, tacos, and beer!), vintage clothing stores to get your planet-friendly recycled clothing fix, and enough beards to make a Viking jealous. But beneath the surface of all things ‘Portlandia’, lies a neighborhood teaming with creativity, a burgeoning food scene, and a surprising amount of affordability.

NE PDX is the juxtaposition of the inconic “Portland Four Square” as the backdrop for a fixie bike with a basket overflowing with local farmer’s market produce. Here, you’ll find dive bars serving PBR alongside trendy gastropubs boasting Pinot Noir pairings. Don’t worry, though, there’s plenty of good old-fashioned fun in places like the Alberta Street Pub,  happy hour dinners at Dekum Triangle’s neighborhood gathering spot Breakside Brewery, or getting your spin on at the new disco roller skating rink in the old Lloyd Center Marshall’s Department store (yes, the ice skating rink is still there too!).

And speaking of the Lloyd District.  There are big plans for a revamp of this southernmost pocket of inner NE Portland that include an exciting reimagining of the old Lloyd Center Mall Space and surrounding neighborhood.  Field Operations, the firm that designed the High Line, the wildly popular park built on an old elevated train line in Manhattan, will design the open spaces at the new Lloyd Center. About 20% of the site is designated as greenspace which will remove the “go-around” necessity created by the concrete barrier of the old mall structure.  Instead of focusing ‘in’ as the old mall did, the new plan creates an outward-facing and interactive neighborhood space.  Maybe the best news yet is that Portland baseball fans still might have a chance at realizing the dream of a Major League Baseball team and stadium in Portland.  While the Lloyd District master plan doesn’t currently include a baseball stadium, it doesn’t rule it out either (If you build it, they will come…).

And Did we mention the food? From Alberta Street’s long-standing favorite La Bonita serving up some damn fine Tacos al Pastor, to Cason’s Fine Meats where you can bring home something delicious to grill for your summer backyard BBQ hang, to Bamboo Sushi & Zilla Sake for some of the best sushi in town, and inspired local restaurants with menus that change seasonally (DameExpatriate & OX  are some notable standouts), there’s something to tantalize every taste bud.

So, if you’re looking for a place with a pulse, where you can catch a live band playing in a neighborhood hangout one night and spend the next morning choosing from more brunch spots than a human has the right to walk to (and run into 12 of your favorite friends and neighbors on the way), then Northeast Portland might just be your perfect match. Just be warned – you might develop an uncontrollable urge to lose your car, make a lot of art, and (of course) become mildly surprised by nothing, not even that guy in a kilt on a double-decker, 2-story bicycle.

Sellwood Cuteness Alert!

This delightful, updated Craftsman could be yours in one of Portland’s most popular neighborhoods: Sellwood!

Offered at:  $892,000

4 beds | 2.1 baths | 2507 sf  (2250 above ground!)

5000 sf lot

Light-filled living room with charming leaded glass accents opens to a lovely formal dining room.  Chef’s kitchen with quartz counters, butler’s pantry, breakfast nook, and induction range.  A bedroom/den/office and sweet updated powder room (with room to expand!) round out the main floor.

The full-height, second level features a spacious primary suite, laundry closet, a second full bath, two additional bedrooms, and a fun bonus space for hobbies, lounging, exercising, or general rumpus room activities!  Warm fir floors on the main, and cherry hardwood floors upstairs.

Many great updates including paint (interior and exterior), plumbing and electrical updates, new kitchen windows, new interior doors, new A/C, and a new 50 gal water heater. Peaceful backyard with grape arbor, mature asparagus, raised beds, patio, and a new fence.

Blocks to New Seasons, shops, restaurants, waterfront, and all the cuteness Sellwood has to offer! Walk Score = 94, Bike Score = 99

Want to see it?  Call us – we’ll hook you up!

 

Erika George & Kari McGee

 

 

Why We Love Villebois!

Jim and Leslie have finally made the move from the Seattle area (bub-bye horrible big city traffic) to the lovely Villebois neighborhood in Wilsonville, OR!

Villebois, French for “village near the woods,” is a Wilsonville community inspired by traditional European, pedestrian-oriented villages. Initial development began in 2004 and continues with a new phase that is adding a trio of mixed-use buildings in the Village Center at the heart of the community.  The Villebois Village Master Plan envisions a vibrant mixed-use Village Center comprised of residential, office, or retail spaces.

With its numerous parks, green spaces, community centers, and outdoor pool, Jim and Leslie knew they had found their new neighborhood almost instantly.

After losing out on their first offer in this development, Jim and Leslie were ready to pounce when the next home with a primary suite on the main floor, hit the market. Given all the inventory they toured in the meantime, they were super educated about home values in the neighborhood and came in strong for this wonderfully maintained and updated corner lot property.

We’re seeing lots of competition for homes with strong age-in-place attributes all over the greater Portland area and this property was no exception. Here’s to Leslie and Jim who are now the proud owners of a sought-after Montclair floor plan home, in lovely Villebois.

Looking for your very own age-in-place home in a cute-as-a-button area?  Call us.  Whether you are searching Forest Heights, the Pearl District, SE PDX, or Wilsonville, we can help you find a great match for your needs.


Kari McGee & Erika George

The HouseLove PDX team at Living Room Realty

503.349.544

team@houselovepdx.com

 

2nd Time’s A Charm for Fallon (aka: We Got Married Because of Rising Interest Rates)!

Fallon decided last summer that selling her house (and then trying to purchase another) in a quickly changing real estate market wasn’t going to meet her needs. She just felt like she was taking a hit on both her sale and her purchase.  But Fallon had the luxury of flexibility (something we think is one of the most important aspects to have in order to make good real estate decisions). So, Fallon moved in with her then boyfriend, now husband Clyde (HURRAY – wedding present to be delivered soon!), rented out her cute NoPo home for a little under a year, and made some extra income on top of her mortgage for a while.

Fallon then put her home back on the market a year later when she and Clyde, had a much better sense of what their next steps would be after selling, ie: price point, location (they would have ended up in Wilsonville last year but now are concentrating on SE & SW PDX!), and ahem, exactly how they would be legally holding title together (married folks have automatic Rights of Survivorship in Oregon).

While Fallon accepted a lower offer on this property than she was expecting last summer, the benefits of this market for Fallon and Clyde as Buyers now are so much clearer. Prices are down in general so the lower offer she accepted on her home sale is a wash, they have a lot more inventory from which to choose in their price point, and a lot less competition. The whole picture just made so much more sense this year. It all just fell into place.

It’s clear to us that the keys to Fallon’s real estate success are definitely patience, flexibility & (surprise) love!  Come to think of it, those same ingredients are probably a pretty good recipe for a happy life in general…

Congratulations to our wonderful client Fallon for selling her adorable NoPo “Tall-Skinny” and for getting hitched to one of the sweetest guys we’ve met!

Kari & Erika

Rub-a-Dub-Dub, It’s all about the Tub…

It’s our job to figure out what truly excites you when you embark upon a real estate purchase with our team.  We want to know what makes your heart sing and once we find that out, it makes it a whole lot easier to help you find your perfect property!

Rachel and Joe were not only looking for a new Portland home from across states lines from us, they also were looking across states lines from each other!  This definitely was a long-distance real estate purchase times two.  But in spite of some long-distance communication constraints, three things became clear very early on in Joe and Rachel’s search:  1.  Bathtubs were important.  We’re not talking some mamby-pamby, low-to-the-ground, skinny, hemmed-in tub.  We’re talking a big-ass soaking tub with a view and light and privacy all at the same time!

So thank you 1990s for installing some of the biggest, most luxurious soaking tubs out there for that at-home spa experience.  A little dated didn’t matter, it was all about the size and the view.   Which brings us to #2…

2.  Rachel and Joe wanted a lot with a woodsy, private, oasis feel but it couldn’t be dark.  Some sun was a definite must for Rachel and Joe.  Ok, a little trickier for wooded, wet SW Portland but no big deal, we managed to find that too.

Rachel and Joe’s house backs to wooded green-space but the trees head down the hill from their lot so their main-floor view is almost all fluffy green tree canopy and sky.  Their extensive decks plunge into the trees right before the ground slopes gently away from the house, creating a fantastic sense of light, green and breath around the home.  It is truly magical.

And 3.  A spacious garage with room for some serious tinkering.  Again, thank you 1990s for the oversized 2 and 3-car garages, right up front for easy access, that allowed Joe to cross off his one “must-have” for this home purchase!

And given the timing of this purchase and some savvy negotiating, Joe and Rachel were able to take advantage of our transitioning market and negotiate $35,000 off the advertised sales price!

Welcome to Portland Joe and Rachel.  We are so happy to have you here and we can’t wait to see how your life blooms in SW Portland!

 

Just Listed — Sweet Alameda Cottage

 

Sweet 2 bedroom/1 bathroom English Cottage perched above one of NE Portland’s loveliest streets! Strong one-level living option with entry; large living room with gas fireplace and built-ins; dining room; remodeled kitchen with custom maple cabinets and stainless appliances; and two generous bedrooms on the main floor.

Gorgeous wood windows, wood floors and period details throughout. Full basement has great ceiling height and is ready for finishing. Fenced outdoor spaces framed by dazzling spring Cherry trees!

 

 

Just blocks to the shops and restaurants in fun Beaumont Village. Central A/C!

Offered at $695,000

 

Chic 2-Story Downtown Loft w Views!

Urban Chic Downtown Loft 

1410 SW 11th Ave. #602, Portland, OR 97201

Offered at $400,000

 1 BEDROOM |  2 BATH | 959 Sq Ft
MLS #22377056 | HOA: $588/mo

Urban chic, 2-story loft with gorgeous city views and custom owner improvements! Soaring floor-to-ceiling SW-facing windows create drama & light. Remodeled gourmet kitchen with large island opens to elegant living and dining areas. Spacious lower-level bedroom suite has great nook for office, large walk-through closet with ample storage, and laundry. Full bath and wall A/C unit on both floors.  Rented parking provided by Seller for 1 year!

Great downtown location on trolley line, close to cultural district, PSU, Park Blocks greenspace, the Pearl District & more.  Near perfect Walkscore of 99!

HOA dues include hot water, sewer, trash and water

 

Just Listed: Remodeled Dolph Park Gem

 

Thoughtfully renovated bungalow with modern floor plan and high-end finishes and fixtures.  Light filled entry and living room opens to dining room and gourmet chef’s kitchen. Main floor also includes a family room, a bedroom/bathroom combo and laundry to accommodate one level living. Spacious primary suite on second floor with deluxe bathroom and beautiful built-in storage. Fully finished lower-level studio offers great flexibility for bedroom suite or media/guest room combo and boasts storage galore — ideal for inter-generational living!  Fully fenced private back yard with sweet patio.  New windows, paint, HVAC, plumbing, electrical, insulation, seismic and sewer. Perfect Dolph Park street —close to schools, shops, restaurants and parks!

Offered at $880,000

Portland’s Fixer Audience is Alive and Kicking!

The surprise news of late 2021 and early 2022 is that Portland’s fixer audience is indeed alive and well.

One of the dominant messages of the real estate market for the last few years has been that most Buyers are hesitant to take on properties that need work.   So when we listed this lovely but “untouched” home for sale in December, we were expecting a somewhat limited audience.

13 offers and $75,000 over asking later, we are here to tell you that the holy trinity of real estate: “Location, location, location” still has the power to encourage Buyer HouseLove for just about anything as long as the location is strong!

In this case, there truly is a lot to love about this charming Laurelhurst Bungalow.  So it hadn’t really been updated since 1968 but the Sellers put a new roof on prior to listing the property to help protect the home during our wet winter season, and get us through an appraisal.  The floor plan lends itself perfectly to expansion and/or improvement, and you just can’t go wrong with the high-quality ‘bones’ you get with this charming bungalow. 

And the gorgeous block – considered by many to be one of the best in the neighborhood, really was the star of our show.

As realtors, there’s something so deeply satisfying about helping a beloved neighborhood home, that’s had a full and wonderful life, transition to its next owners.  We know that exciting and wonderful things are in store for 822 NE Hazelfern Pl.

  • Listed:  $525,000
  • Sold:  $600,000
  • 13 Offers
  • 4 Days on Market

If you have a Portland Fixer to sell we would be honored to help you!  Feel free to call, text or email.

Kari & Erika

www.houselovepdx.com

 

 

 

 

 

Forget the view — this home has a root cellar and solar panels!

CONGRATULATIONS to Thea and Angel who just closed on their first home together as a couple!

Thea and Angel are lovely souls with many interests and talents! Among them are 3D printing, beekeeping, historic car restoration and soap making! We were tasked to find them a house that was just right for their varied hobbies and skills. When we found this darling Tudor in Gresham, we all pinched ourselves, as it was truly “just right.” It has a great floor plan with an option for one-level living and ample space for entertaining and all of their varied hobbies. It has a modern open kitchen, a basement with a root cellar, a large garage for shop work, an orchard for bees, and raised beds with an irrigation system for gardening. AND, best of all, it boasts a wonderful back deck that Thea and Angel can use at the end of the day to relax and take stock of their handiwork.  Did we mention that there are solar panels on the home and garage which allows them to sell back to the grid during most months?  What a jewel!

Congratulations Thea and Angel — we are so happy for you and can’t wait to experience the products of your talents! Do you have some very specific needs when it comes to your next house?  We can help you find the perfect one — Call us!

What’s Going on in the Portland Condo Market?

Harrison West Building in Downtown Portland

You may have heard that the Portland condo market is a bit slow these days. While this may be true for the big picture of Portland Condominium real estate, there are some interesting developments in today’s market.  We’re actually finding that the current condo market is nuanced and that the above statement doesn’t really reflect what many Condo Sellers and Buyers are experiencing in Portland right now.

The bright spots can be found at the extremes of the price range.

Let’s start with the low end of the market in south and west Portland (the areas where most of Portland’s traditional condos are located).  In the $350,000 and under price point 225 units sold in the last six months and 35 units are currently in pending status.  The median number (the median takes out the outliers compared to the average) of days on market for sold units was 36 days.  In the six-month period from May 2021 through October 2021, 90% of the listed condo units were sold.  In our recent experience, many of these condo Sellers are even experiencing multiple offers and escalating sales prices – elements not typically seen in Portland’s more recent condo market.

Compare this to the $350,000-$650,000 price point where 31 units are currently pending and 291 units sold in the same May through October 2021 six-month period.  The median number of days on market was 53 and while more units sold in this price range, only 80% of the total listed inventory was sold in this timeframe.  Buyers definitely have a lot to choose from in this price range.

In the upper end of the price point above $1,000,000, the last six months have seen the largest year-over-year gains in the condo market.  We’re seeing a 10% gain over the same 6 months (May to October) in 2020.   While this noticeable increase likely just makes up some lost ground that occurred in 2020 during Covid, not all price points have had nearly the same upswing.  With 5.1 months of inventory to choose from – more than double the inventory in other price points,  there is a lot of competition for sellers.  It seems, however, that there there is an active and hungry Buyer audience that is driving the 48 strong, closed sales in this timeframe (just over 50% of the listed properties sold in this timeframe).  Additionally, the median days on the market of 51-days isn’t too shabby for this traditionally slower-selling high-end inventory.

Given a large amount of competition in all price ranges, Buyers can be picky and wait to “cherry-pick” the best properties.  Condos with spectacular views, balconies, deeded parking, recent cosmetic upgrades, storage spaces, and nearby popular neighborhood amenities such as restaurants, are all important features for today’s condo buyers.

As a result, it’s important that motivated Condo Sellers realistically consider the strengths and weaknesses of their unit compared to the competing active inventory and price it right!

Effectively marketing the strengths of your unit also is imperative in this competitive condo market.  Hiring a savvy real estate broker who is experienced in highlighting a property in its best light, will be an important factor in a Seller’s success.

If you are a condo seller and are trying to decide if the time is right to sell your property, give us a call.  We are happy to review your situation and provide you with the information you need to make smart decisions about selling your property.

 

 

Just Listed: Sweet SE One-level with Backyard Sanctuary

3805 SE 28th Pl, Portland OR 97202

Offered at $462,000

Adorable mid-century one-level ranch on a large, level lot. This professionally landscaped, sunny backyard (complete with 3 steel, raised garden beds) will be your SE sanctuary! Updated kitchen, newer plumbing (2018), and new interior paint. Blocks to Powell and Kenilworth Parks, Hopworks Brewery, or head south to Ship Ahoy & C Bar on Gladstone.  Clinton eateries, People’s Food Coop, Target, and year-round Clinton Farmers’ Market are all less than a mile away.

This property location has a Bikescore of 84 and a Walkscore of 78. You will love this terrific Creston-Kenilworth location!

Check out our Property Website for more details!

OPEN SUNDAY,  11/7/21, from 1 – 3 p.m.

2 Beds | 1 Bath | 912 sf

Lot Size:  5000 sf | Taxes:  $3996.64 | ML #21571809

 

OPEN THE DOOR TO MT TABOR!

Open the Door to this sweet Mt. Tabor Bungalow  

The entry hall and formal living and dining rooms will delight both seasoned and burgeoning entertainers.

Walk through the pretty butler’s pantry to an updated kitchen and family room which opens to a large back deck.

Two bedrooms and a hall bath round out the main floor.  Bathroom with custom barrel vaulted ceiling is a sure conversation starter!  New paint and carpet throughout.

The large unfinished basement has storage galore, with high ceilings and an outside entrance.

The private sprawling back yard is full of potential:  It is fully fenced with a welcoming patio area a long driveway for RV Parking.

Top Notch Location!  Mt. Tabor Park and the revered Coquine are just blocks away, as are the charming shops and restaurants of Montavilla.  Stroll down to the Farmers’ Market on Sundays.  Hop over to PDX when you need to get away.  Only minutes to downtown/easy freeway access.

First Time’s a Charm!

When our lovely client Lynda called us about purchasing a house in Portland, we gave her the usual “speech” about steadying and pacing herself for a brutal market for buyers.  We warned her that it was not uncommon for a buyer to make offers on up to 5 different homes before “landing” one.  When we found this lovely home in Lents, she was tickled:  it was just the right size, in wonderful condition and MOST importantly, super close to her grandchildren!  She asked us how she could get her first offer accepted, and then she did everything we advised.  She made concessions on price, appraisal, and inspections AND it worked out!  Now — in the next few weeks ,she will be reunited with her family after shockingly little real estate drama.  This is the result of a perfect combination of beginner’s luck and buyer savvy for sure!!

Congratulations Linda — we can’t wait to watch you make this house your home!

Flipped and Fabulous in Cully!

 

Our lovely buyers, Mary and Mikel, just closed on this lovely remodeled home last week.  Sometimes “flipped” homes get a bad rap, but this dialed home in Cully was restored with care and attention to detail.  A great combination of mid-century charm with modern updates.  Check out the beautiful finishes and awesome oversized back yard!

 

Congratulations Mikel and Mary — we know you will be very happy in your new home!

 

 

 

 

Just Listed: Chic Alberta Arts NW Contemporary with ADU!

4857 NE 13th Ave.  Portland OR 97211

Offered at $945,000

Detached, spacious NW Contemporary home with permitted ADU for multi-generational needs, home office, or for renting! Open gourmet kitchen with quartz island, pantry storage & butler’s pantry. Windows galore for all-season natural light, high ceilings, custom cabinets, and built-ins. Private exterior side entrance and an interior staircase to the lower level allow for flexible use of the ADU space.  The fun Alberta Arts neighborhood is the perfect location for this live-in income-producing property. King Farmers Market, Alberta Co-op, Gumba, Proud Mary, Zilla Sake, Bye & Bye, and Salt & Straw are all right here!

Check out our 3D Self Guided Tour and Property Website for more details!

OPEN SATURDAY, August 21, from 1 – 3 p.m.

4 beds | 3.1 baths | 3067 sf

Lot Size:  .09 acre | Taxes:  $9591.71 | ML #21204670

 

 

 

 

 

Just Listed: Mid-Century Modern in Woodstock

Adorable one-level mid-century in the fun Woodstock neighborhood. Warm wood trim and wood floors, period kitchen with eating area and half bath. The enclosed patio allows multi-season use (not included in SF). Oversized one-car garage with built-in storage. Mature oak and maple trees adorn the spacious yard, which is fully fenced with locking gates. Less than a mile to Cloud City Ice Cream, Keeper Coffee, Trader Joes and more! Check out our 3D Self Guided Tour and Property Website for more details!

OPEN SUNDAY July 25, from 12 – 2 p.m.

Living Room

kitchen

dining area

yard

Sale Fails Can Be a Buyer’s Best Friend!

If you are a buyer or a buyer’s agent in 2021, you just may come to love the words SALE FAIL.  Buyers are being put through the wringer this year but we’ve got a few tricks up our sleeves in this competitive market and one of them is to hawk the multiple listing service for properties that have gone back on the market after a sale fail!

Properties that have had a sale fail can be easy prey for a smart Buyer because these frustrated Sellers usually are very motivated to just get it done!  Plus, Sellers often have copies of the previous Buyer’s home inspection reports and while all that property information can be a bit daunting right out of the gate, it also allows Buyers and their agents to quickly access the major issues of a property, make a plan, and hit the ground running.

Enter Mike and Beverly.  Like most first-time home buyers, Mike and Beverly had taken it on the chin for more than a few offers. Mike and Beverly just wanted a house.  Mike and Beverly honestly would have been happy with pretty much any house with four walls at one point!  Mike and Beverly are handy and were willing to do work; a lot of work.  How could it be so hard?

And then we saw those gorgeous words ‘back on the market’, followed closely by the holy grail:  ‘sale fail’ for 15215 SE Harrison St.  We knew we had a shot if we moved quickly.  We requested the inspection reports which Mike and Beverly reviewed with a contractor.  That gave them the confidence to be able to waive the inspection contingency in full and bam, Mike and Beverly were under contract on a house that not only had four walls-  It was lovely!  15215 SE Harrison had a big sunny yard, a spacious, hip mid-century floor plan, and warm hardwood floors.  There is definitely room in the spacious, level lot to build that ADU for Mom, and to create community in a way that only homeownership affords.

We are so happy for Mike and Beverly who never lost hope, never gave up, and patiently waited for the right home to appear.  We are so in awe of the privilege that we were given to help these two wonderful folks find their first home.

To learn more about how to use sale fails to your advantage, and other Buyer tricks we have up our sleeves, give us a call!

Kari & Erika:  HouseLovePDX

971.322.6612

 

 

 

Just Listed: Sweet English Tudor in the Heart of Colonial Heights

Charming floor plan with large main floor bath. Brand new 96% High-Efficiency gas furnace and gas fireplace insert, new interior painting, recent PEX plumbing, many newer windows, and recently-restored stucco and exterior paint. Wonderful one-level living option with primary bedroom on the main floor. Full second floor with potential to expand 1/2 bath. Large unfinished basement full of potential. Peaceful neighborhood yet near all the shops, restaurants and parks of vibrant inner SE Portland!

OPEN SATURDAY July 10, from 1 – 3 p.m.

Living Room

Living Room

Yard

Just Listed: Modern Elegance in the Heart of the Pearl

This beautiful one bedroom/one bath condominium unit is located in the desirable Riverstone building. Quality built with solid wood doors and trim, and energy-efficient Pella double-pane wood window. It features an open floor plan with high ceilings. The kitchen and bath have been recently updated with Quartz counters, new fixtures and high-end appliances. Like-new refinished floors, carpet and paint. The recently resurfaced private balcony has view of trees and city buildings, and more importantly, plenty of room for a bistro table and chairs. Check out our 3D Self Guided Tour and property website for more details.

 

The spacious Master Bedroom is a true separate room and features large windows and a walk-in closet.  There is storage galore in the bathroom and hall, including a laundry closet with a washer and dryer.  There is also deeded and secure storage and parking in the attached garage.

 

The buildings’ center courtyard is lush and peaceful, and provides easy access to the streetcar (on the other side of the building). The Riverstone HOA is expertly managed and the buildings are well maintained.
AND Location, Location Location! This property is smack dab in the middle of all the Pearl has to offer: the best shops, restaurants, parks and Portland’s beautiful riverfront!

“Blue Steel” in SW Portland!

Congratulations to Michelle and Thomas who just closed on their first home!  They called us more than a year ago to help them find their starter home.   As it turns out, they weren’t quite ready, financially, to take the plunge.  We were able to put them in contact with a great lender, who helped them develop a “one year plan” in order to save up for closing costs and a down payment.  They were diligent and stuck to their plan.

 

One year later, they contacted us and let us know they were ready to buy.  We were able to narrow down on the homes and neighborhoods that made the most sense for them and were able to pounce when we spotted this create SW Portland condominium.   Great location and Great layout and it came with it’s own AWSOME fire place art, which we quickly dubbed “Blue Steel!”

 

Your path to ownership may not be instantaneous.  It make take some preparation and diligence.  If you are thinking about buying a home, we highly recommend that you reach out to us early so we can connect you with the right people and start giving you an idea of what to expect.  We promise it will be worth the wait!

Don’t Fence Me In…

“Oh, give me land, lots of land under starry skies above
Don’t fence me in
Let me ride through the wide open country that I love
Don’t fence me in
Let me be by myself in the evenin’ breeze
And listen to the murmur of the cottonwood trees
Send me off forever, but I ask you please
Don’t fence me in…”
See all those big, gorgeous trees?  They are now the beloved property of Chris and Adrianne;  all 5.83 acres of them.  5 ACRES, people!  After living smack dab in the heart of urban bustle on NE 81st and Fremont St in NE Portland for 14 years, Chris and Adrianne were ready for a change.  Chris and Adrianne were ready for a  big change.  They both had grown up in rural areas and were ready to get back to those roots.  Chris wanted land to work, and plant, and manage.  Adrianne wanted peace and tranquility with private space for a hot tub to enjoy not just a nice view, but a panorama.  And after living with 1418 adorable but quirky square feet spread out over three floors, they (and their two pups) wanted some space to spread out in their new home.  They loved the historic charm of their 1924 home for a decade and a half, but it was time for a more modern floor plan.  An open kitchen, great-room floor plan seemed almost too good to be true!
But Adrianne and Chris also wanted to buy and sell at the same time, which meant getting a contingent offer accepted in one of the hottest seller’s markets we’ve ever seen.  We definitely put some miles in looking at properties anywhere between Salem and Vernonia and then Chris and Adrianne saw this Amity property and we knew we were done.
Well, except the part where Adrianne and Chris needed to have their contingent offer accepted by the sellers, and then the part where they needed to get their current NE 81st house on the market within 6 days, and then receive an acceptable offer on NE 81st within another 6 days or all bets were off…
This Amity property had not just 1 acre, but almost 6!  This property had over 3000 square feet, all on one level.  And yes, this property had an open kitchen-dining room greatroom floorplan.  Chris and Adrianne were willing to move mountains to get this home.
So did they do it?  Did it all work out, you ask?  Why yes, it did.  With a ton of work on Adrianne and Chris’ parts, and with the help of their very experienced real estate team who came up with a good plan, and presented that plan in detail to the Sellers. We also analyzed the niche market details right down to the minutes before listing their NE 81st home and adjusted the listing price to ensure a quick sale and multiple offers.  Even with some unexpected hurdles, it all worked out like a beautiful fairy tale happy ending (because what Fairy Tale doesn’t have some serious roadblocks?).
If this all sounds daunting to you, well, it kind of is.  It takes some gumption and serious stamina to buy and sell a house all at the same time, but Chris and Adrianne just plugged away.  They took one step at a time and on the days where they had to take 7 steps at a time, they dug deep and got ‘er done.
Was it all worth it?

What’s Up Doc?

One of our favorite real estate “niches” is helping new doctors purchase homes when they move to Portland to start their residency.  We usually get a call around March 16th which is the day after “matching day” when fourth year med students learn where they will serve their residency.  After the initial “woo hoos” and high-fives, their attention quickly turns to figuring out how to pack up their life and report to a new town and new job by June 1st.  For the especially savvy, this includes purchasing a home, and that’s where we come in!

 

When Carley and Cory called us to tell us they were moving to Portland for Carley’s residency and wanted to buy house, we got to work right away.  We referred them to several lenders that specialized in home loans for physicians.  We spend time via Zoom discussing the Portland housing market and the home buyer process in general. Then, Cory and Carley came to Portland for an epic weekend tour of homes!   We had done enough preparation in advance that when they found “the one,” they were able to make their offer sweet enough to seal the deal!

 

Tuesday was move in day and it was joyous — hard to believe that it was less than three months from start to finish.  We are so happy for Cory and Carley.  We know their Portland years are going to be special, and Portland will be a better place because they are here!

 

Are you a physician looking to purchase a home in the Portland area?  We can help you even if you’re not physically in Portland.  Call us!

 

Just Listed: All the West Linn Bells & Whistles!

Gorgeous updated home tucked away on a private lane that backs to the Tanner Creek Greenbelt.  Soaring great room ceilings, owner’s suite options on both the main and upper levels; updated kitchen with quartz “waterfall” counters, wine fridge, oversized refrigerator with obsidian interior, and large pantry; bright and spacious rumpus room; home office with built-ins; hot tub; and new covered, outdoor kitchen. Rare, level lot and driveway allow for easy garage and home access, and create extra space for fun and games! 1.5 miles to the Willamette Commercial District hotspots, or zip over Arch Bridge to adorable Oregon City!

Offered at:  $1,150,000

ML #21613119

4 Beds + Office | 4.1 Baths | 4208 Square Feet | Attached 3-Car Garage

Check out our 3D Self Guided Tour or Property Website for more details.

Front of house

Leap of Faith!

 

KUDOS to Bill and Sara for closing on this property with HUGE potential.  Bill was on his way to pick up his son from golf lessons when he stumbled across three adjoining properties for sale.  Bill immediately saw the potential and called his wife Sara.  Well, actually first he called us, and then he called his wife, Sara, but he sounds like a much better husband the first way.  We were able to help him get an offer accepted right away (despite multiple offers from other buyers — beginners’ luck!).

 

Bill is “two thumbs up” excited!  Sara?  Maybe a tepid one thumbs up, but she is taking a leap of faith and believes in Bill’s vision.  We know that this property will shine when they have completed their vision.  We are looking forward to seeing the end results.  Does this all sound a little vague and mysterious?  Well, that’s because the first rule of rehab club is . . . . Well, you know!

 

Are you looking for inspiration?  Have dared to let yourself dream about investment opportunities?  We want to help make your most daring dreams come true.  Call us!

Three’s Company!!

 

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

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

Finding Success in a Tough Market

There are lots of tough, “school of hard knocks” buyer stories out there right now, given the very strong Sellers’ Market we’ve been experiencing since the dawn of 2021.  But even in this seller-oriented market, we’ve been able to find success for many of our buyer clients.

Jim and Beth had been pondering a few different options for some changing family housing needs in their extended family.  They spent the better part of 2020 exploring and evaluating the market in and around Portland but nothing seemed quite right.  Then a house hit the market in January, just blocks from their current Sellwood home and it. was. perfect.  Clarity achieved!

Don’t get us wrong!  Of course, there were multiple offers and of course, Jim and Beth had to offer well above the asking price in order to win the home.  But all that evaluation time in 2020 helped Jim and Beth quickly understand the realities of the market.  They acted fast and were able to make informed decisions. 

On top of that, we were able to negotiate some rare pre-closing repairs at the sellers’ expense, and effective communication with the listing agent made for a smooth transaction… (well, except maybe for that small part about literally running for their cashier’s check, the day before closing!).  These were all good things for Jim and Beth who are working full time with small children at home, 24-hours, every single day.  Yup, whispered nap-time real estate conversations have become our specialty  (actually, we think whispered real estate conversations are super fun and calming so don’t be surprised if we start whispering if things start to get intense)!

Helping our clients evaluate and explore real estate options is an important part of our job.  We know that some time to thoughtfully explore and consider, spent in advance of your deadlines, can prove invaluable in the long or short run!

We’d be happy to help you explore your options and discover what makes the most sense for you.

Kari & Erika:  HouseLovePDX
971.322.6612 | 503.349.5449
www.houselovepdx.com

 

How to Make a Move in a Low Inventory Market

As we write this on February 18, 2021 there are 465 detached homes for sale in all of Portland. 465 detached homes total! If you look at condos and attached homes, that adds another 520 properties for sale if you are willing to consider this type of home ownership. In a rare twist, inventory levels in the suburbs are even lower than the city of Portland!

So how in the world can you think of selling your home before you’ve found something to buy in this low inventory market?

Well, we’ve got some suggestions because we’re having success even in this tight inventory market. First of all, keep in mind that if you are considering a move, it’s because something in your current living situation isn’t working for you. While there is no perfect home out there, in our experience, we’ve seen great satisfaction from our clients who have moved and improved upon their top 3 5 needs or wants.

Additionally, interest rates are so low that while there aren’t a lot of homes to choose from, your buying power is really strong right now. And we bet you’ll be thrilled by the amount you net from your sale!  

Here are some options that have worked well for our clients even in this tight market:

 

1. Buy Before You Sell

This one is the obvious preference if you can swing it financially, and have a tolerance for some risk. This means you will need to qualify for paying both your current and future mortgage at the same time (if you are financing your purchase). We have yet to have clients actually pay for two mortgages at one time (who weren’t planning to do so), but it is a potential in this scenario. Having said that, we are more confident about you selling your current home quickly and effectively now, compared to any other market in the 16 years that Kari and Erika have been in real estate!

Pros: You can move out of your current home before you sell, directly into your new home. This avoids the difficulties of staging and living in your home, while prospective buyers are viewing it. The house you need to sell will be deep cleaned, professionally staged and will show incredibly well, thus increasing your final sales price, and reducing your time on the market.

Cons: Besides the risk of carrying two mortgages for a bit, you may need a Bridge Loan to provide funds for a down payment on your new home. We have two great lenders who can talk to you about bridge loans and “recasting” your loan after you close on the sale of your current home, so you can reduce your monthly mortgage payment on your new home. Contact us for more details or to hear how Erika managed this process when she purchased her own home with a Bridge Loan.

 

2. Sell First, Rent Short-Term, Then Buy

 

For those who don’t qualify for a purchase before they sell (called a contingent buyer), or for those who want to be certain of how much they have to spend before they purchase, a short term rental can reduce a lot of the stress involved in a buy-sell situation.  

Pros: Renting for a while in a new neighborhood you are considering can ease the stress of committing to a purchase in a new part of town. It also allows you to know exactly how much you have to spend, and provides you the purchase leverage that time and liquid funds can afford. You can take the time to really find something you love and not be rushed into a decision that you may regret later. This also allows you to capitalize on the incredible sellers’ market we’re seeing right now, but bide some time and potentially buy in a better buyers’ market.

Cons: Yes, you have to move twice. Sort of. In Kari’s personal home buying experience, it’s more like moving 1.5 times!  60% 70% of the stuff you pack can go into long-term storage (not to be unpacked until you arrive at your final destination). Additionally, there will be unknowns in your life for a while. How long it will take you to find your new home and where your new home will be located, will all be up in the air. And pets (especially multiple pets) are tricky when it comes to finding short term housing.

 

 

3. Long Rent-Back Periods or ‘Sale Contingent on Finding Suitable Replacement Housing’ Options

 

Given the huge amount of seller leverage right now, this option is definitely doable! You list and accept an offer on your current home with a long rent-back period (up to 60 days maximum for financed offers, or the sky’s the limit for cash offers) that allows you to stay in the home after closing. It’s even possible these days to make the sale of your home contingent on finding suitable replacement housing. Once you accept an offer, you bust a move to find your new dream home.

Pros: This option combines the best of both worlds. You get a sense of what the net will be on your sale before you start shopping for your new home, but (if all goes as planned), the timing allows you to move directly from your current home into your new home.  

Cons: The pressure on timing in this scenario is high, and this can be stressful for some people. Additionally, your needs around timing may have the effect of reducing your negotiating leverage in both transactions. If you need the funds from the sale of your current home in order to purchase, this can have the effect of making your offer less desirable in a competitive situation. Generally, you will need to be through the inspection period on your current home, before you can be successful in a competitive offer situation for your purchase.

Which of these options is the most common? It’s actually number three! While it seems like a lot of moving pieces, we’ve been really successful at working out the details of the “Sell, Buy, Move Once” option for our clients. And in this market sellers can pretty much negotiate what they want in terms of timing and offer terms so, in spite of the challenges that may arise on your purchase, we’re seeing so much seller leverage that the transition details tend to fall into place.  

If you would like a market analysis of your current home, or advice on how best to approach your particular situation, we’d be happy to arrange a Zoom meeting with you to see what makes the most sense for you!

Crawl Space: A Healthy Home Starts From the Ground Up!

Crawl spaces are out of sight and out of mind, making them easy to neglect. Crawl space issues OFTEN rear their ugly heads during a real estate transaction, so it’s important for homeowners to learn to maintain this area. A crawl space inspection is typically included in a standard home inspection when buying or selling a house. This is an area where issues tend to arise and can throw a wrench in the home sale. Both home sellers and buyers should be aware of the state of the crawl space in order to mitigate any potential problems prior to the sale.

Prior to listing their property, sellers should make sure they have adequate access to their home’s crawl space and consider having it inspected by a crawl space contractor. Buyers should make sure that their inspector fully inspects the crawl space. If access is not adequate for inspection, the buyer should not release the inspection contingency until it is provided.

 

Purpose of a Crawl Space

A crawl space, as its name implies, is a basement variation in which one crawls around. It may be only a foot tall, and the surface is often bare earth. Traditionally, crawl spaces are built within homes lacking a basement or homes that are built on the ground instead of a slab. The primary purpose of a crawl space is to promote air circulation through the home and allow easy access to plumbing, electrical work and other maintenance, repair and installation needs.

HouseLovePDX_Crawl_Space

 

Moisture

Signs of excessive moisture throughout the home are often noticeable, but signs of moisture in your crawl space may be harder to detect. Unfortunately, moisture in a crawl space can be just as problematic, causing complications such as mildew, dust mites, mold and wood rot. When there is nowhere left for moisture to go within a crawl space, it can travel into your insulation, flooring and walls to create even larger problems. Crawl spaces with exposed dirt most commonly have trouble with excess moisture. A vapor barrier is one of the best ways to protect your home against the encroachment of moisture. A vapor barrier is essentially a large plastic sheet placed over the base of a crawl space to fully cover any exposed dirt.

 

Energy Loss

A crawl space isn’t a livable part of the home, but insulation is still important to keep in the heat. Crawl spaces can be a major source of energy loss. If you find yourself running your furnace all winter long and driving up high energy bills, yet still feel cold on the ground floor of your home, your crawl space could be the issue. Insulating your crawl space depends on the general climate in the area. In warm or dry areas, insulation can be limited to just the area between the floor joists.

 

Pests

Crawl spaces can easily become a dwelling for pests if they are not properly secured and maintained. Since most homeowners don’t spend much time in their crawl space, it may be harder to determine if there is a pest problem. Pests such as mice, rats, termites, carpenter ants, spiders and more have the ability to damage insulation, crawl through vapor barriers, dig into wood, and even tunnel into your main living spaces. Proper crawl space maintenance can help prevent pests.

 

Structural Issues

Crawl spaces can experience structural sinking or sagging due to a variety of reasons:

  • Support columns spaced too far apart.
  • Joists, girders and posts have been weakened by rot.
  • Weak soil and poor footings cause columns to settle.

If these issues are identified, contractors with an expertise in crawl spaces and foundational supports should be called in to strengthen the weak points.

 

How to Identify & Avoid Crawl Space Water Issues

Issues relating to moisture in crawl spaces (and basements, for that matter) are becoming increasingly prevalent in real estate transactions as the Northwest’s rainy season is longer and wetter than it used to be. Home inspectors need to pay extra attention to evidence of water in subterranean spaces, especially during the dry season. 

According to Chris Nelson, of Blue Roof Home Inspections LLC, “Since most of the water entering crawlspaces and basements come from two sources: (1) Improper sloped hardscapes and soil and (2) Roof drainage issues, inspectors should be able to catch drainage problems in the dry seasons as well as the wet.”

Nelson reports that homeowners and future homeowners try to identify sources of moisture by looking around the home’s exterior. “Look at the site to ensure the soil, yard and hard surfaces are sloped away from the structure. Roof drainage issues are easier to see, simply by checking the slopes of the gutters, the joint connections, cleanliness of the gutters and checking that the downspouts are properly diverting the water far enough from the foundation.”

There can also be clues on the inside of the home. “Other clues in the crawlspaces and basements are visible during dry times that can help determine if there is a drainage issue that should be corrected.  Looking for efflorescence and moisture stains on the interior concrete walls, past and repetitive moisture stains on the bottoms of the support posts and pools of dry soil on top of the vapor barrier give additional evidence that a moisture/drainage problem exists.”

While we know that crawl space repairs are not sexy or the least bit fun, you can see why it’s not a good idea to space on your crawl space!

Quick to the Draw wins SW Mid-Century Stunner!

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

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

 

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

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

Another WIN for First Time Homebuyers!

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

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

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

The 2020 Portland Area Surprise Market Takeaway!

Many of the surprises in 2020 have not been fun, to say the least. However, one surprise has delighted us: the success that our first-time homebuyer clients have found in spite of the strongest sellers’ market we’ve seen in our 15 years of real estate! We had multiple-offer success after success for these intrepid, can-do buyers as a result of several important factors:
  1. The big, national cash investor companies halted operations in our area due to Covid-19 and related real estate market concerns. That meant our buyers didn’t have to compete against cash buyers with deep pockets. The absence of these cash investors finally leveled the playing field for first-time homebuyers who generally had only to compete with other financed buyers for the first time since 2013.
  2. Historically low interest rates allowed for more buying power overall, and helped financially “young” buyers overcome hurdles to qualify for a home loan.
  3. Our first-time homebuyers have benefited from our extensive experience in writing offers in a multiple-offer scenario. The sales price is just one of a handful of very important concessions a buyer can make when writing an offer: appraisal support, limitations on repair requests, and other secret-sauce tactics have proved to be very powerful for sellers who are comparing numerous offers.
There are many things we love about our job, but helping people purchase their first home will always be at the top of our list. It gives us so much joy to help folks put down roots, build community, and start to build financial stability for their lives. Our heartfelt congratulations go out to Neil & Caitlin, Sarah & Travis, Flo, Celise (and Kirk!), Hali & Lucas, Kath, Shannon, Jody & Kevin, and David & Mireille, all of whom purchased their first homes in crazy, stressful pandemic-ridden 2020!

Thinking about purchasing your first home?  We’d be honored to help you beat the odds too!

Kari & Erika:  HouseLovePDX

971-322-6612

www.houselovepdx.com

 

Top 4 Things to Consider When Buying a New Construction Home

Yes…  Strong, the pull of new construction is.

We see this trend over and over again in all kinds of markets. Buyers are willing to spend more money on brand new homes, compared to what the market generally seems to bear, for very similar re-sale homes. The force is undeniably strong for homes that are cosmetically on-trend, sparkly new and touched only by the skilled hands of a construction worker!

But, there are many factors to take into consideration when considering the purchase of a new home.

 

Top 4 Things to Consider When Purchasing New Construction

  1. Builder contracts are not the same as general, state-approved real estate contracts and offer few protections for the buyer.
  2. If you are financing your purchase, your lender will most likely require an appraisal.
  3. Depending on the real estate market in your area, you may be responsible for purchasing many items that traditionally are included in homes that have been previously owned.
  4. You often can find older, re-sale homes in excellent condition with more square footage or larger lot sizes for the same price or even less money.

Builder Contracts

Builder contracts are meant to protect the builders’ interests. This is understandable, especially if the property has yet to be built and the builder is taking on most of the risk and upfront costs for building. Buyers don’t pay the builder for the home until it is ready to occupy and the sale has legally closed. That means a builder is on the hook for paying for the property even if a buyer terminates the transaction.

Having said all that, in most new construction sales contracts, buyers do not have the traditional protections (called Contingencies) for their earnest money deposit, that are included in a standard state-approved real estate contract. These contingencies generally include the ability to terminate (and receive a refund of your earnest money deposit) for reasons such as: repair issues that come up in the inspection period, or from a property disclosure statement provided by the seller, or for financing issues that are outside of the buyers’ control, including a low appraisal. Putting a deposit down on a new construction home generally means that money will go to the builder, regardless of what may occur in the sales transaction.  No take-backs allowed! 

Lender Appraisals

If you are financing your purchase it is likely that your lender will require an appraisal that proves to the bank the price you have agreed to pay for the home is supported by current market data for the area. In many cases, new construction will be in areas with a lot of empty space and not a lot of similar housing stock. Additionally, if you are purchasing one of the “best” homes in the development, such as a corner unit townhouse, or a unique home that backs to green space instead of other homes, there will be little support in the data given the unique, yet immensely valuable qualities of the property.

If an appraiser can’t find data in recently sold, comparable properties to support your sales price, then you may end up with a low opinion of value from the appraiser. Given the lack of a financing contingency in most builder contracts, that means you could be responsible for the difference between the low appraisal and the sales price you agreed to pay if the seller/builder will not negotiate. If that isn’t possible, you may need to terminate your sales agreement and lose your earnest money. Needless to say, this is not a fun situation for any buyer.

Unexpected Expenses

The most common negative we’ve heard repeatedly from our new construction buyers has to do with all the unexpected expenses they had neglected to factor into the purchase of their home.  This includes kitchen appliances, a washer and dryer, air conditioning, shades, curtains or blinds for all of those gorgeous new windows, and landscaping expenses. Buyers can be blinded by the bling of quartz counters, custom cabinetry, and pretty bathroom tile but miss the empty spaces where appliances and storage cabinets or shelving should be. Take stock of what is not included in the property and work hard to get those things included by the builder before you sign that contract.

Alternatives to Brand New Construction

Just like a new car, a new house loses some of its sexy appeal, the minute someone moves in. You’ve likely heard about the smart savings a car buyer can access by purchasing a car that’s two years old. The same goes for houses! You can get a lot for your money by purchasing a home built two to five years ago. It’s likely that the previous owner has worked out many of the new construction kinks. You’ll probably end up with all appliances, blinds and landscaping included in the purchase price, and you’ll have a stronger sense overall of how the development has fared in terms of perception and value in the neighborhood. Additionally, there will be less risk of “vacant land” development surprises next door or behind you, or months and months of construction to survive.

We know that there will always be folks who prefer to purchase new construction homes.  The low maintenance benefits and convenience of a house that is everything you want from day one is a beautiful thing! Given the housing inventory shortage in the metropolitan Portland area (and many other parts of our state), we need builders to create new housing for our expanding population. We really understand the need for new, affordable neighborhoods near job creation areas that are outside of the urban centers. We just want you to be educated about what it is you will be signing when you get swept up in the flush of new construction bliss and are given a pen by the very friendly builder’s representative sitting across the desk from you.

Want to know what to expect with a new construction purchase? We’d be happy to guide you through the process! Give us a call.

Erika & Kari

503.349.5449

www.houselovepdx.com

Southeastern Views and a Hot Tub to View ‘Em

Lots of buyers say to us: “We’re going to be so hard.  You are going to hate us!  We are really picky.”.  Now most of the time, buyers aren’t nearly as hard as they think they are going to be.  We think we’re pretty good listeners and find that we can quickly zoom in on what our clients are looking for.  But every now and then we have a search that can take many months, or in Jen and Brett’s case, even years!

You know what?  That’s ok!  We just happen to love looking at houses and it makes us so happy to help folks find their dream home.

Brett and Jen came up with a little “move to Portland” plan a few years ago.  Skyrocketing real estate prices in their CA city had definitely gotten them down.  Jen and Brett also have family in the Portland area and have long wanted to be nearer to their clan.  So a few years ago we started looking at houses with Brett and Jen.  After exploring various neighborhoods in the Portland metro area, they zoomed in on Happy Valley.  Jen’s mantra was to find a house with at least a hot tub (if not a pool or better yet, both) AND a view of Mt Hood.

Jen and Brett’s plan stopped and started a few times, and every time they came back with more money saved for their Happy Valley purchase, the sales prices had increased.  In fact, while prices weren’t nearly as high as their current location, they weren’t seeing the savings they hoped to find in our area, and we definitely weren’t finding that quintessential Happy Valley view-home with a hot tub.

Then Covid hit and all bets seemed off, but once the dust cleared and job security seemed like it might actually be a thing again, guess what came on the market at just the right price?  You guessed it, a lovely home with spectacular Southeastern views and a hot tub in which to soak ’em up!

Of course there were multiple offers but no sweat.  Brett and Jen were ready to pounce and wrote a killer offer that could not be refused.

As we look back at our clients who have had long, start-and-stop searches, we can say with all certainty, that our folks eventually got the home they were meant to have.  Sometimes life just needs to let the dust settle a bit before you are ready to see the one…

Welcome to life in Oregon Jen and Brett.  You have definitely earned this move!

Kari & Erika

 

First Time Home Buyer Appraisal Lessons

We’ve had the most wonderful good fortune to be able to help get an amazing handful of first time home buyers into home ownership these past few months.  While the market has been incredibly competitive, we have had great luck helping our clients get accepted offers in multiple offer scenarios, or on the rare 2020 sleeper property before it gets noticed!

Our latest success story is first time home buyer Flo.  Flo had a bit of a set back when the lender’s appraisal for her loan approval on a new construction home in Hillsboro, came back at a lower value than what she had agreed to pay for the property.  As a result, Florence had to terminate her sales contract on that property.  While the pull of sexy new construction is strong, we helped Flo understand that there likely would be something else out there for her in great condition, but without the tippy-top of the market sticker price one generally finds in new construction.

Sure enough, Flo found a wonderful 2015-built, townhouse style condo in Happy Valley near restaurants, grocery stores and other services that she can walk to.  The property is bigger than the new construction home she had originally decided to purchase and she now has a sweet patch of actual yard out back, another feature that was lacking in her original property.  Like the new construction community in Hillsboro, this resale home also has access to an outdoor neighborhood pool.  Most importantly, the home is in terrific, like-new condition!

We are so happy for you Florence.  We happen to think that Happy Valley is the perfect place for our energetic, gift-giving, eternally cheerful (except after low appraisals perhaps), eternally HAPPY Flo!

 

 

 

Leap of Faith = Sweet Laurelhurst Homecoming!

We just helped Matt and Shannon purchase this GORGEOUS Laurelhurst home.  It is fully updated with a modern, open floor-plan, a stunning kitchen with an island that goes on and and on, and a private owners’ suite that will be the perfect sanctuary for these two busy working parents!

It is truly a homecoming for them, as Shannon grew up around the corner and Matt’s sister (also a HouseLovePDX client) lives only blocks away.  We first met Matt and Shannon last December, when they were here visiting family.  They were living in the Bay Area and were excited at the thought of leaving California behind for the quality of life that living in Portland, surrounded by family, might bring.  Then the global pandemic hit. Thud. Fast forward to July, when two things became clear:  (1)  Covid was here to stay (at least for the foreseeable future)  and (2) they still wanted to move.  They noticed this beautifully updated Laurelhurst home as soon as it hit the market and called us.  We provided them with many virtual and online resources so they could learn as much as possible about the house.  We provided them with an in-depth video tour so they could investigate every closet, nook and cranny.  We gave them our honest assessment of the location, quality of construction and price.  They made an offer, sight unseen.  It was a true LEAP OF FAITH!

That “leap” was the reason Matt and Shannon’s PDX dreams came true.  We were able to celebrate with them in person last week (outside, of course), and it was so sweet to be able to see their smiles in person.

The global pandemic has altered the way people buy and sell homes — it is hard to see us “going back” to the way things were pre-Covid.  One byproduct of this is that it has never been easier to purchase a home from afar.  We have so many virtual tools and we have developed great systems to help our out-of-town buyers comfortably purchase homes here in the greater Portland area! If you, or someone you love, wants to re-locate to the Portland area, give us a call — we’d love to help!

Sleeper Properties in a Hot Market?

If you’ve been reading our blogs from years past, you may recall us saying that September and October are some of the best months of the year to purchase home.  Buyers often have leverage at this time of  year when over-priced summer inventory can be found at great prices as sellers become more and more nervous about failing to sell.  September & October tend to be awesome months to find sleeper properties!

Fall 2020

This year however, is a whole other ball game!  While our spring selling season got off to a slow start due to Covid, Portland area buyers are definitely making up for lost time.  It’s been a HOT summer real estate market and that trend is showing no signs of stopping as we settle in to fall.  Buyers continue to value the home buying power of incredibly low interest rates, inventory remains painfully almost non-existent, and our September home buying stats are breaking records!   So are there any buyer leverage opportunities out there right now?  Yes, yes there are if you 1. pay attention and 2. get lucky!

Buyer  Trends

Our very savvy first time home buyers Sarah and Travis definitely got lucky, but also were smart enough to know where to look.  They had zoned in on the Hyland Hills neighborhood of Beaverton as their first choice neighborhood  but given the high volume of traffic we experienced when touring the area homes for sale, it was clear that many other buyers had made the same decision!   Thankfully, Sarah and Travis got lucky in that four new listings hit the market at the same time.  Three of the homes were in remodeled, turn-key condition.  This type of home has a huge buyer audience at the moment and we are in a strong trend of a lack of buyer interest in properties that need work – even cosmetic work.

It was clear to us that showing traffic for the pretty, remodeled homes was off the charts, but the fourth property was sitting quietly, patiently waiting for its new owners.  It was the rare and elusive 2020 sleeper property!

The home was being sold as an estate sale: slightly frumpy, needing cosmetic updates, not professionally staged, and so easy to over look… But oh the exceptional quality of this home!

The park-like back yard, the third full bathroom (so rare for the price point), and the fabulous floor plan all contributed to a property that felt less like a “first time home buyer home” and more of an “almost forever home buyer home”!  Sarah and Travis instinctively knew not to waste time in a bidding war for one of the remodeled properties and quickly wrote a strong offer on what is now their first home.

Nice work Sarah and Travis on snagging one of the elusive 2020 sleeper properties, with no competition!

 

If you’d like some guidance on how to look for those rare 2020 sleeper properties, we’d be happy to assist you!  Give us a call.

Kari & Erika

971.322.6612

It’s all about the VIEW!

Last summer, our client, Rick, decided to leave the city behind in search for more land and beautiful views!  Within weeks he found the perfect Corbett home, with stunning views of the Columbia Gorge.

Of course, there was a slight catch — he had to sell his house first.  We weren’t sure the sellers were going to accept his contingent offer given that they had other non-contingent offers in hand.  However, good communication and flexibility won the day and the sellers accepted his offer.  Luckily, his darling Rose City Park house sold in a flash, and, last week, during the most heinous smoky air conditions the greater Portland area has ever experienced, he closed on the Corbett house.

Normally, handing clients the keys to their new house is the best part of our day.  Well, in this case, it was still exciting but there was a little “Wah Wah” about it, as this is the view to which we were greeted.

Luckily, Rick’s spirits were not dampened, and he reported last weekend that, once the smoke cleared, he was treated to the most wonderful view sipping his coffee on Sunday morning.

Congratulations Rick for taking action to make your Corbett dreams come true!  We know you are going love you new home and will undoubtably enjoy many more cups of coffee enjoying the natural beauty of the Columbia Gorge!

First Time in Their New Home, Mask-Free

Hali & Lucas Keys
Hali & Lucas Get their Keys

We don’t mean to be controversial!  Wearing masks during Covid is allowing us to do business during a very strange and difficult time.  As a result, we and our clients spend a lot of time in masks these days.  So much so, that as I (sanitized and then) handed over the keys to Hali and Lucas, I realized that they were about to enter their first home, mask-free, for the first time ever!  We had only seen Hali and Lucas, mask-free via Zoom and it was truly such a joy to see their lovely faces in this moment…

There’s  lots to be emotional about these days, but it definitely struck me how much has changed in our world and how we humans have the power to innovate, adapt, and overcome.

As first-time home buyers in an insanely competitive buyers’ market, with no childcare, and the pressures of balancing work life at home, and home life at home, Hali and Lucas gracefully handled one of the most challenging and stressful situations we can dream up.  Now Hali and Lucas get to say goodbye to renting small spaces with ever changing monthly rents, and to that feeling of rent money going down the drain.  Hali and Lucas can now put down some roots and start the process of building equity in real estate, which will contribute to the overall financial stability of their lives.  They also now have a pretty nice place to weather a pandemic (and other life challenges and joys)!

From our point of view, the hardest thing about Lucas and Hali’s home search was not being able to hold that friggen adorable baby!!  Truly, what has the world come to when Erika and Kari can’t hold our client’s cute babies?

If you are a first time home buyer and are daunted by this market, give us a shout.   We have been successful for six of our first time home buyer clients this last month alone, and have some great strategies that we can share with you as well.  We would love to help you find your own; your first, HouseLove!

Kari & Erika

971.322.6612

www.houselovepdx.com

 

 

In their own words!

Normally we use this blog to tell our clients’ stories.  Our buyer clients Jody and Kevin just closed on their SE Portland home.  Just before closing, they emailed us a thank you note, recapping their story in their own words.  Simply put, it is so touching and authentic, there is no way Kari and I could tell their story any better than they already have.  So here is Jody and Kevin’s story, in their own words:


“Kevin and I are incredibly lucky to be able to work with both of you. Thank you very much for all that you do for us to make this dream come true. This means the world to not only us, but also our families, friends, and the many doctors in Washington D.C.
Four years ago, we moved to Washington D.C. for Kevin to attend The George Washington University School of Nursing. After nursing school we decided to stay in D.C. to get work experiences (Kevin in healthcare and mine in teaching). We bought a small house (similar to this Reedway property). Things were going amazingly but sadly my health declined. I was on life support for 10 days and remained in the hospital in D.C. for 2 months.
Ever since December 2018, I have been in various recovery programs in D.C. working with 9 different teams of specialists at the hospital. The progress that I have made so far is incredible. We thought I would need to be on oxygen for the rest of my life. Thankful I got to return the oxygen supplies back in April (perfect timing with COVID).   
Somehow we were able to continue to do work on the house while I recovered. Surprisingly we were able to complete many major projects by the time we sold it. 
Often people move because of kids or jobs. In our case it was my health. While making decisions to return to Oregon, COVID arrived. With my health dealing with respiratory issues and Kevin working in the ER, we knew that we had to live in separate homes. At the same time we sold our house while having to live apart. We continue to do this while closing on this Reedway house.
The situation at OHSU hospital is much better than the hospital in Washington D.C. Buying this Reedway home will mean that we will finally be able to live in the same home again. We are super excited! Everyone has been counting down the days with us. We plan to live in this house for a very long time. It is going to be surrounded by families and friends. Hopefully things will be safe to celebrate with many people who have been waiting for this moment with us. 
It is not yet the final day but we would like to give many thanks to the two of you for making this dream possible. Being alive and able to continue to share a life with Kevin is more than I could possibly ask for. But being able to have a house in Portland will be beyond our world. Although the teams of doctors in D.C. no longer work with me, they continue to check on weekly bases. They know about this Reedway house. This is beyond what they could have imagined. They truly believed that we made the right decision to return to Portland. 
Thanks a million for all your hard work and for sharing this journey with us. The two of you are an amazing team!

Thank you Jody and Kevin for sharing your story — it means the world to us and is an inspiration to all!  Stay safe and healthy — we know you can expect years of happiness and good fortune in your new home!!
Kari & Erika

Just Listed: Rose City Park English Tudor

English charm in the heart of Rose City Park. Light-filled living room with gorgeous woodwork and fireplace; formal dining room; darling vintage kitchen with fir floors and cheerful nook with built-ins; plus three spacious bedrooms with great closet space. Main floor bed and bath provide option for one-level living. Hardwood floors throughout. Backyard is private, sunny and lush. Large basement with high ceilings and great potential to finish. Only Blocks to bustling Hollywood district for great shopping, restaurants and farmer’s market! Check out our 3D Self-Guided Virtual Tour or Property Website.

The cheery, cherry themed nook is the perfect place to have the perfect cup of tea:

Please follow COVID-19 Best Practices: wear masks, use gloves (provided), practice social distancing and please make use of our self-guided tour before showing!

Just Listed: Ultra Chic Buckman TownHouse!

Ultra chic townhouse-style condo located at the intersection of the vibrant and centrally located Buckman, Belmont, Laurelhurst and Hawthorne neighborhoods of east Portland! Open great-room floor plan with walls of glass, soaring 13′ ceilings, gourmet chef’s kitchen, in-unit laundry and large covered balcony with gas hookup to get your grill on! Check out our 3D Self-Guided Virtual Tour or Property Website.

Gated Exterior Courtyard Entrance:

Off Morrison St, or accessible from the secure parking garage. Light-filled bonus room at unit entry for your office, art studio, exercise or hip bike storage needs!

Spacious Gourmet Kitchen:

With stainless steel appliances, work island and plenty of pantry storage.

Open Floor Plan:

Flows to the dining area, living area and covered balcony.

Second Floor Boasts:

Dual bright and spacious bedroom suites with soaring ceilings and walk-in closets.

Two Parking Spaces:

In the secured parking garage, and huge 170 SF storage room!

Centrally Located:

Eight-minute car or bike commute to downtown. Laurelhurst Park is less than a mile away, and all the restaurants, stores, and coffee shops you could want are all right here!

Please follow COVID-19 Best Practices: wear masks, use gloves (provided), practice social distancing and please make use of our self-guided tour before showing!

Amazing in July!

Derek and Michelle first laid eyes on their lovely Lake Oswego home back in March; March 13th to be exact.  They saw this great house online and given that they lived out of state, wondered if we could “video” it for them.  Property videos are one of our most important tools for our out of area buyers, so with the back drop of school closure announcements due to spreading Covid-19 in our area, I headed down to Lake Oswego to take some fun property videos armed with with tons of hand sanitizer (hard to believe but masks weren’t a thing back then), my phone and my Gimble!  OH, no big deal but it also was just about to start snowing… on March 13th.

As I walked around the incredible 1 acre lot, I recall saying on the video, “well, it’s freezing and gloomy and wet right now, but boy, I bet this place is AMAZING in July”.

Well, it is truly amazing in July.  And while yes, it took a few attempts to get an offer accepted, and yes, Covid-19 made everything harder than it should have been, and yes March 13th seems like a lifetime ago, Derek and Michelle and their three kiddos are moving to Lake Oswego to experience the amazing of Lake Oswego July, in person. 

We truly couldn’t be happier for them.  Not everyone has the grit to make an out of state move during a pandemic but if you are up for it like Derek and Michelle, just let us know!  All you need to get started are some fun, HouseLovePDX property videos (and definitely some gloves, masks and lots of hand sanitizer)!

 

Erika George & Kari McGee,  The HouseLovePDX Team at Living Room Realty

Just Listed: S. Albina Grand Dame with ADU!

Stunning and historic foursquare craftsman home with permitted, leased basement ADU. Four floors of gorgeous living space with unpainted woodwork, custom built-ins, remodeled gourmet kitchen (circa 2011), formal entryway, third floor bonus space, lower level guest suite, and modern and bright 1-bed, 850 SF ADU with separate entrance. Check out our 3D Self-Guided Virtual Tour, Floor Plan Sketch or Property Website.

Upstairs:

The second floor houses the primary bedroom suite (with lovely city and bridge views), plus two additional large bedrooms and a second full bathroom.

Downstairs:

In the finished basement you will find a guest suite for use by the residents of the main home, plus a one-bedroom ADU (accessory dwelling unit) with separate exterior entrance, providing both income and flexibility! This Guest Suite rents on Air BnB for $75/night.

The ADU:

This modern and bright one-bedroom ADU rents for $1,400/mo. It has a separate exterior entrance and shares a laundry room with the guest suite next door.

Add to all this:

A finished room above the detached garage for all of your workshop, hobby, studio or storage needs.

Centrally Located:

In the South Albina neighborhood at the base of the lively Williams Corridor, this property is less than a mile walk to the Pearl District, half a mile to the Moda Center, or hop on the streetcar to jet where you need to get! PDX foodie favorites Pine Street Biscuits, Ex Novo and Sizzle Pie are just blocks away, and don’t miss the new food cart pod, Cartside PDX, two blocks south on N. Williams Ave!

Main house and guest suite are vacant and easy to show. ADU is tenant occupied (please do not disturb). Please text us for showing appointments!

Please follow COVID-19 Best Practices: wear masks, use gloves (provided), practice social distancing and please make use of our self-guided tour before showing!

Forbearance Versus Loan Modification: Don’t Lose Your Home on a Technicality

With 15 million Americans having lost their jobs since the onset of the coronavirus pandemic, we’re seeing unemployment numbers pushed to their highest levels since the great depression. We are carefully following what options are out there for homeowners who are unable to make their mortgage payments. We want to be sure that if you find yourself struggling to make your mortgage payment, you take the time to really understand what is being offered to you. We would be heartbroken if you lost your property due to fine print and technicalities that weren’t clear to you when making your mortgage “stop-gap” decisions.

First, we have to say that we are not financial lawyers or advisors, so please call an expert in this field before you commit to anything in writing. Having said that, Kari worked the last recession and learned a thing or two that might be of help, and Erika is a lawyer who specializes in contracts (While Erika is not authorized to provide legal advice while serving in her capacity as real estate agent, we can provide you with recommendations for lawyers who can help you!)

How Forbearance Works

There is a big difference between forbearance and a loan modification. In most cases, forbearance only temporarily suspends your obligation to make your mortgage payment. The general term of suspension right now seems to be 90 days but it can be as much as one year, or as little as 30 days. With a forbearance option, you will be expected to pay back the amount you owed, but did not pay. That can mean a big, ugly balloon payment, required by your lender at the end of your forbearance term. This option will likely be very problematic for most people who aren’t able to come up with the funds for the balloon payment.

Do not assume that the amount you owe, will be added to the “back end” of your loan. Some lenders are expecting this payment at the end of your suspension period! Our advice is to ask detailed questions of your lender and make sure you understand the expectations of how and when you repay the amount you owe.

Be sure to ask what happens if you still are unable to pay your mortgage payment, once the forbearance term runs out. Find out what your options will be in advance if possible.

How Loan Modification Works

A loan modification is a negotiation undertaken with your lender to renegotiate the terms of your loan. That can mean a principal reduction, a lower interest rate, or an increase in the length of time the bank will allow you to pay back the loan. This will be the option you need if you are facing long-term financial hardship and can document your long-term hardship. If you can show your lender proof of a lengthy period of hardship, you may be able to change the terms of your loan to reduce your payments in some way, or your overall obligation.

Keep paying any amount you can towards your monthly mortgage payment. Even a small monthly payment sent to your lender, will put you in a better bargaining position, versus just stepping out. Showing your lender that you are responsible and trying to work out a payment plan, is a good negotiating tool.

Many lenders will want you to start with a forbearance option before offering you a loan modification. Keep as much documentation as you can regarding your hardship. Plan to speak with an attorney or a reputable loan modification company to assist you in your negotiations. A little money spent up front for knowledgeable counsel can save you a lot in the long run.

Please call us if you find yourselves in this position. We can help direct you to the appropriate professional to help you make a plan that will get you through these difficult times.

Buyer Protocol for House Showings During Pandemic

House hunting during a pandemic? We get that the timing of your house purchase may not always be convenient.  Here’s our protocol for buyers to keep everyone safe and do our part to help #FlattenTheCurve.

Steps to buying a house in a World Pandemic

  1. Complete a “fully underwritten” pre-approval process with a lender (Call us if you need some recommendations!) or obtain proof of liquid cash funds.
    • Most sellers/listing agents are requiring a pre-approval letter or proof of liquid cash funds prior to scheduling an in-person showing of a home.
  2. View all virtual listing tools such as:
    • 3-D virtual tour.
    • Video.
    • Live stream virtual open house.
    • Photo slideshow.
    • Floor plan sketch.
    • Map.
  3. Do a drive-by of the property, and tour the neighborhood and nearby community amenities.
  4. Now call us to schedule an in-person showing. We will bring:
    • Gloves, hand sanitizer, and booties for you. We are asking that buyer clients please wear masks for in-person showings. We will be wearing masks too. Many people have sewn their own masks, or make an easy mask out of a cotton t-shirt and a paper towel. (See our HouseLovePDX Instagram account for a photo of Kari sporting that snazzy option!)
    • We are following the national mandates of no more than two people in the home at one time, and maintaining the social distance requirements of no less than six feet apart.
  5. Be prepared to write an offer “subject to interior inspection.”
    • That means you write an offer first, then go see the house in person when/if your offer is accepted. This practice has become more common for owner-occupied homes especially with at-risk or medically fragile owners.
  6. Offer accepted? Hurray! Here’s what to expect:
    • Expect your home inspection “wrap-up” to be done via technology. Most home inspectors will only inspect homes alone. They will generally FaceTime with you to discuss the findings of the inspection. We can make arrangements to get you in the home after the inspection so you can do a walk-through of the home with the findings in mind.
    • Expect there to be hurdles and delays. Lending guidelines are changing rapidly, which may mean some bobbing and weaving. Humor, flexibility and empathy all are important in this market to make it to closing!
    • Expect a LOT of Zoom calls with Erika and/or Kari! It really helps to see people’s faces – even on a screen.
  7. Closing!! Watch this video to see how we’re getting keys to buyers these days:

Just Listed: Royal Woodlands Super Split-Level!


Mid-Century Alert!!  Check out our new listing in Beaverton’s popular mid-century neighborhood of Royal Woodlands!

Terrific, mid-century split level with great proximity to Nike, Intel and downtown PDX. Well cared-for by original owner with chic vaulted living room with wrap around balcony, master suite, and two gas fireplaces. Dependable floor plan with L-shaped formal living/dining room, separate bedroom wing, informal eating area off kitchen, basement family room and additional bonus office/den. Bring your mid-century cosmetic design ideas to make this home sparkle!

Offered at $535,000

3 Beds + Bonus Room | 3 Full Baths | 2448 SF

Taxes:  $5821 | Lot Size:  8200 SF

 

8200 sf lot with delightful backyard! Fully Fenced!

Don’t miss this great opportunity to live in an utterly charming mid-century neighborhood complete with egg hunts and 4th of July parades!

Go here for 3-D Virtual tour and more details:

http://www.6050swchestnut.com

Royal Woodlands Super Split Level

New Beaverton Listing!

6050 SW Chestnut Ave., Beaverton OR 97005

Terrific, mid-century split-level in the heart of desirable Royal Woodlands. Well cared for by original owner with chic vaulted living room, wrap around balcony, master suite, and two gas fireplaces. Dependable floor plan with L-shaped formal living/dining room, separate bedroom wing, informal eating area off kitchen, basement family room and additional bonus office/den. 8,200 SF lot with delightful backyard! 2018: New upper windows, exterior paint and slider doors. Great opportunity to live in an utterly charming mid-century neighborhood complete with egg hunts and 4th of July parades!

Don’t miss our 3-D tour!


3 beds + bonus room | 3 baths | 2,448 SF
MLS# 20535627 | Taxes: $5,821 | Garage: attached, two-car


Two full baths on the main floor, one with two sinks and a tub/shower combo to be shared by bedrooms #2 and #3. Ensuite master bath with period tiled shower:

Finished lower level: head downstairs to the large family room, with gas fireplace, full bathroom and bonus office/den. Explore potential to add egress window in bonus room for 4th bedroom and create separate area for guests, roommates or extended family:

Delightful, spacious backyard, fully fenced with charming patio:

 

Just Listed: Sellwood River-Bridge View Condo

New Listing in Sellwood!

196 SE Spokane St #201, Portland OR 97202

Don’t miss one of the best condos in town! NW corner 3-bed, 2-bath unit in an elevator building with real dining room, spacious kitchen and three private balconies by which to enjoy the gorgeous views of the Willamette River, the Sellwood Bridge and the western sun!

Two deeded parking spaces, storage unit, newly painted bldg exterior & unit interior, & new building-wide pipes! All in the heart of adorable Sellwood for your walking or rolling pleasure. You’ll be hard pressed to find this much river/bridge view sf, at this price point, in all of Portland. See the 3-D Tour & more here: www.196SESpokane201.com


OFFERED AT: $515,000

3 beds | 2 baths | 1,550 SF

MLS# 20239694 | Taxes: $6,384 | HOA Dues: $650/mo (Gas, Water, Hot Water, Sewer, Trash, Insurance, Party Room, Commons, Grounds Maintenance, Building Exterior, Management)


Bright, western facing master with ensuite bathroom complete with easy step-in shower and soaking tub:

On the north side you’ll find two more bedrooms (one with small balcony), and a shared bathroom:

Host your own private gathering in this delightful and elegant community party room with outdoor patio, or meet here with your new building friends:

Just a half a block away you will find Sellwood Riverfront Park and its 7.6 acres. The park has paths, picnic tables, a stage, a boat dock on the Willamette River, canoe launch, restrooms, a dog off-leash area and public parking. Or head SE half a mile to New Seasons Market to stock up on your shelter-in-place supplies!

 

Just Listed — Dapper Woodstock Craftsman

This remodeled Woodstock Craftsman will complete you! 

Stunning historic woodwork in formal entry, living and dining rooms.  Gracious wrap-around porch with a view of the west hills. Gourmet kitchen with large cook-top island and high-end appliances opens to a sweet deck and private backyard.  Super flexible floor plan includes an option for a master on the main with adjoining bathroom and a second bedroom which could also be an office, den or nursery. Fully dormered second floor is flooded with light and includes two bedrooms, a bathroom and a bonus “hangout” space.  Huge finished basement with full bathroom, exterior entrance and storage galore is a perfect rec room, media room or potential income producing ADU. New windows and skylights throughout.

Fully fenced back yard has new exterior deck and back patio already wired for a hot tub. Brand new driveway in front for easy off-street parking.  High Home Energy Score of 8 due to new windows, whole house insulation, and high efficiency appliances.

Prime Location — Just blocks to Woodstock Park, Trader Joes and other great shops and restaurants.

And, while social distancing requires us to limit in person viewings, we have SO MANY virtual ways for you to view this beautiful house!  Check out our Video Tour , our 3D Self-Guided Virtual Tour and Property Website.

Tips For Safely Selling Your Property in a Pandemic

It’s March 15th, 2020 and we are at the beginning of a Covid-19 outbreak in the greater Portland area. That might be scary for a lot of reasons but particularly for property owners who need or want to sell their homes this spring, while they are still living in their properties.

Well, stay calm because we have some great tools that will allow us to effectively and safely market your property to a large buyer audience while minimizing the risk of bringing Covid-19 to your personal residence.

Watch our latest video to see how we’re using technology to help buyers decide that they are serious about purchasing your property before they even walk through your front door! And check out an example of our 3-D tour.

How’s The Market? March 2020 Update

This is always our most asked “realtor at a party” question, but boy is there a lot of heat around this question right now. Our high energy spring selling season seems to have started a month early and the buyer audience is clamoring for new listings! Our HouseLovePDX 2020 listings thus far have all had multiple offers resulting in “over asking” sales prices. Colleagues are telling stories of 18, 20 and even 30 offers at a time for that perfect pad. Here’s why:

  • Inventory continues to be low at 2.2% (that means it would take 2.2 months to sell everything that is currently on the market in the greater Portland area, if no new listings were added to the market). In many “close in” Portland area neighborhoods, that number is more like 1.6%.
  • Interest rates are hovering under the 3.5%* mark which means that money is incredibly cheap. (*3-4-2020)
  • Oregon is in a never-before-experienced year 11 of economic growth. We’re going to say that again: 11 straight years of economic growth. Traditionally Oregon has a recession every nine years or so. We are in some seriously uncharted waters, people!

So, what do we think? Well, we think that if you are considering selling in the next few years, you’ll want to seriously consider selling ASAP, or plan to hold for a few years to get through a down turn. Data just can’t help us out here so this is our gut feeling. Heck, data can’t even help us out with appraisals right now because the market data for our sluggish and low energy fourth quarter 2019 in no way reflects the buyer demand (resulting in a large increase in sales prices) for property we are seeing right now.

Our guess is that by late summer the strong seller position that we are experiencing right now will have run out of steam just in time for the election to be taking center stage. Come September 2020, the Portland buyer audience will likely be even more distracted than normal with the election frenzy. Additionally, we think that it’s highly likely that late 2020/early 2021 will bring on some kind of recession or market softening (along with all the economic forecast folks we’ve been following).

The good news? Fourth quarter 2020 could be an awesome time to be a first-time home buyer! The wild card? Interest rates. It’s really hard to pass on a 30-year fixed rate mortgage with interest rates UNDER 3.5% (as of 3-4-2020)! That’s a lot of money saved if interest rates go up, even if prices go down in many cases. (Here’s a good article on buying power and the relationship of interest rates vs sales price.) Unfortunately our gut feeling has opted out of trying to predict 2020 changes in interest rates given the whole never before 11-year economic growth cycle coinciding with the highest ever national debt amount of $23.3 trillion.

If you are a seller and want to explore the idea of selling sooner rather than later, give us a call and we’ll schedule a walk through of your property and develop a custom listing plan that makes the most sense for you and for your property.

If you are a buyer and want to take advantage of the incredible low interest rates, we’re here for you too. We’ve had success for our buyer clients in all kinds of markets and while it can just take some time and a few offer attempts, we have some tricks up our sleeves to strengthen your chances of getting an accepted offer in a multiple-offer situation.

And having said all of the above, real estate sales happen all the time regardless of what the market is or is not doing. If you need or want to make a change, we can help you make informed decisions in all kinds of markets. We’d be happy to review your situation and help you evaluate your options.

Rima Ghandour Meet & Greet Happy Hour

We are excited to introduce you to Rima Ghandour, a candidate for Circuit Court Judge in Multnomah County. Are you perpetually perplexed when it comes to voting for local judges? Then this is the happy hour for you!

Rima Ghandour

Erika George and Rima have been legal colleagues, and more importantly, friends, for over 15 years. We hope you’ll join us for a house party in support of Rima’s candidacy. You’ll get a chance to meet Rima, learn more about her and hear about how you can affect change on a LOCAL LEVEL by supporting her campaign.

Rima Ghandour Meet & Greet Happy Hour

Thursday, March 5
6 – 8 p.m.

Erika George’s House
3319 NE Davis St.
Portland, OR 97232

There will be libations, small bites and stimulating (dare we say invigorating?) conversation. Please RSVP by giving us a call or emailing us at karianderika@livingroomre.com.

Rima Ghandour is smart, thoughtful and organized. She has worked both as a civil defense attorney and a plaintiffs’ attorney. She knows her way around a courtroom as has a depth of litigation and trial experience. She has represented all types of clients: businesses, families, individuals, and even large corporations. She cares deeply about people, families, gender equality, and our immigrant and refugee populations. Learn more at: www.rimaforjudge.com.

Spacious Westside Townhouse

New Listing in Washington County!

418 SW 70th Terrace, Portland OR 97225

Corner townhouse unit in park-like setting with the space of a detached home but the maintenance benefits of a condo! New: hardwoods on main, deck slider, water heater, A/C, gas fireplace apparatus, light fixtures, upper carpet, interior painting, attic fans and wooden shutters. Lots of closet space, and great storage in the attached two-car garage.

Don’t miss our 3-D tour!

OPEN SUNDAY February 16, from 1 to 3 p.m.


OFFERED AT: $430,000

3 beds | 2.1 baths | 1,884 SF

MLS# 20236481 | Taxes: $5,046 | HOA Dues: $350/mo


Neil Kelly Kitchen with stainless steel appliances, built in oven, warmer and cooktop, appliance garage and bar seating. Sweet kitchen bonus space perfect for den, office or family room needs.

Large, bright master suite with 8.5″ x 10″ walk-in closet!

Enjoy your beverage of choice from the peaceful deck overlooking the babbling brook and beautiful landscaping!

Strong HOA with proactive maintenance: Recent HOA projects completed: exterior painting, tile roof and gutter maintenance and cleaning, and deck refinishing.

Ten minute commute to downtown Portland or Nike, and you get to reap the benefits of WA county taxes!

It’s a Win-Win: New Tool for Sellers Provides Kitchen Redesign Plans for Buyers

When someone is considering selling their home, we discuss whether or not the seller has the ability or interest in doing upgrades to increase the value of their home. Sometimes that’s doable and sometimes it just isn’t. One area of the home that gets a lot of attention is the kitchen. That’s why we’re so excited to announce we’re now offering an awesome new tool for sellers to display kitchen redesign options to potential buyers, without investing in costly upgrades. On the flip side, this new tool also helps buyers envision the kitchen of their dreams at a lower cost.

When we talk about limescale buildup in faucets, plumbing, appliances, and sewerage, there is no other solution but to have the best water descalers. But it costs high, and the installation is also not easy. Along with that, people who are allergic to salt and are suffering from heart and kidney diseases can’t have a salt-based water softener. So the only option that remains suitable for these people is to have the best electronic water softener (descaler).

Skipp is an online interior design company that provides gorgeous kitchen design plans tailored to the buyer’s taste and at a more affordable price. Skipp’s kitchen remodel design is included with a 3-D virtual tour. We’re excited to offer this package to our sellers – see it for yourself at one of our latest properties!

Buyers are provided several design options, with scope of work and estimated costs, along with recommended contractors:

Skipp Design Examples

 

Plus design photos to help them envision what the current kitchen could look like:

We love this new tool because it helps both sellers and buyers!

Whether you want to go the traditional route of listing your property or you’re interested in an iBuyer instant offer, we can help sellers get the best price for their properties. Learn more about how we approach the real estate process for sellers, or give us a call for a free consultation:

 

 

 

 

Classic Belmont Bungalow

NEW BELMONT LISTING!

727 SE 48th Ave., Portland, OR 97215

You’ll love this classic PDX bungalow in the heart of SE Belmont! Versatile floor plan with three floors of gracious living space. Delightful front rooms with warm fir floors and unpainted woodwork. Master options on main and second floors, full bath on each floor, and lots of closet space and built-ins. Great ADU/Rental potential in the modern, bright basement; plumbed for kitchen or wet bar, with separate side entrance.

Private side yard perfect for pets and green thumbs. Short distances to Laurelhurst and Mt. Tabor parks, and the restaurants and shops of Belmont!

OPEN SATURDAY February 8, from 1 – 3 p.m.

OFFERED AT: $565,000

3 bed | 3 baths | 2,248 SF

MLS# 19031823 | Taxes: $6,408

Boots on the Ground!

We often tell the heart warming stories of our “beat-up” buyers who, with grit, fortitude and time, finally close on a wonderful new home that was just meant to be. This time, we’re going to talk about the opposite (except for the ‘meant to be’ part)! You’d be surprised by how often this actually happens…

Our out of state clients, Don and Nancy, just closed on a fabulous unit at the Strand Condominiums on SW River Dr. It took a mere 38 days to complete the cycle from their first (and only) viewing of the unit, to picking up those keys! And that was with a few pesky holidays sprinkled in.

We pride ourselves on superior service for our out-of-area “armchair” buyers. With tools like our detailed property videos, computer screen sharing meetings, conference calls, and FaceTime meetings with inspectors, you can do some serious buyer due diligence from the comfort of your current location whether it be Texas or Tajikistan. All you need are our boots on the Portland ground!

Looking for your perfect Portland Pad but need to do it from the comfort of your out-of-area armchair? We’ve got some damn fine boots (and the ground)!

New Price: Live-Work Pearl Loft

Rare Loft-Style Live-Work Condo in the Heart of Portland!

1022 NW Marshall Street, #360 Portland, OR 97209

Large and light-filled loft in the chic Metropolitan building offers hard to find flexibility for your office/commercial space or your personal residence. Open layout with hardwood floors, floor to ceiling windows, modern kitchen and bathroom, laundry hook-ups, deeded secure parking, and storage unit. No rental cap. Fully accessible.

Sleek front lobby with 24-hour concierge & modern elevators, provide ADA accessibility & make a great first impression with your clients. Deluxe building amenities include:

  • spacious conference room
  • adjacent lounge space with wet bar and gas fireplace
  • guest suites
  • walk-in wine storage
  • outdoor patio with fireplace, and rooftop patio – perfect for client events and business entertaining

While the space is currently being used as an office, the loft can easily be utilized as a personal residence or a combo of the two!

Located in Portland’s iconic Pearl District, this property is centrally located in close proximity to the Portland Street Car line, restaurants, shops, main post office and parks.  A WalkScore of 96 makes this a Walker’s Paradise neighborhood.


OFFERED AT $700,000

1 bath | 1,288 SF

MLS# 19533084 | Taxes: $8,241 | HOA dues: $763


Deluxe building amenities:

Front lobby:

Loft space set up as personal residence:

Located in the iconic Pearl District:

To every season turn , turn, turn . . . .

Chris, Nicole and five year-old Alma came to us last Spring with fresh enthusiasm as first-time home buyers. Having rented for many years in a home and neighborhood they loved, they had never been super motivated to buy. They had also been intimated by the stories of the “cut throat” sellers’ market of prior years. But, with the start of elementary school for Alma “right around the bend,” they thought the timing was right to make the plunge into home ownership. Unfortunately, despite all of the talk of a cooling market, they found competition at every turn. Turns out they have GREAT taste in homes — they seemed to like the same houses that everyone else did!

Their Summer disappointments were “not for nothing” however. They learned to evaluate their priorities, readjust their expectations, and became experts at acting quickly when a house peaked their interest. We had a feeling that Fall would be the sweet spot for them in terms of timing. With Alma enrolled in Kindergarten at a K-8 school they loved, they could open up their location parameters to include other adjacent neighborhoods with less desirable schools. Moreover, even though there is usually less inventory in the Fall/Winter months, there are usually less active buyers as well, and sellers who weren’t able to sell in the summer are motivated!

In mid-October, we leaned that this DARLING Rose City Park home was going on the market. It was perfect for Chris, Nicole and Alma in all ways — right layout, lovely yard, excellent condition AND in their dream neighborhood. It was literally around the corner from their rental house. They toured it as soon as it hit the market and made an offer right away. Once again, there were multiple offers, but with their summer experience under their belt, Chris and Nicole decisively made the terms of their offer very attractive and wrote a kick-ass letter to the seller about their connection to the neighborhood and what they loved about the house. They stretched their comfort zone in calculated/low risk ways. Their were tears around (realtors included) when we got the word the house was theirs.

Nicole and Alma received the keys to their new home last week. (Chris was at work!) Alma quickly made the house their “home” by placing her artwork on the refrigerator. It was a joyous day indeed, and, while moving during the holidays is less than ideal, their willingness to wait for the right season earned them the house of their dreams!

Congratulations Nicole, Chris and Alma — it was a pleasure guiding you through the seasons!

Contemporary South Waterfront Loft

NEW PRICE FOR SOUTH WATERFRONT LOFT!

3601 SW River Pkwy. #1404, Portland, OR 97239 

Light and modern one bedroom loft in the desirable John Ross. Wood floors, large floor-to-ceiling windows, stainless steel appliances, washer and dryer, and deeded parking space. Covered balcony with gorgeous river and mountain views. 24/7 concierge, and wonderful indoor and outdoor amenities and common spaces. Fantastic investment/rental opportunity. Minutes to OHSU, streetcar, MAX, fitness studios, restaurants, river, bike paths, parks and downtown!

OPEN SUNDAY November 24, from 1 – 3 p.m.


OFFERED AT $340,000

1 bed | 1 bath | 782 SF

MLS# 19131821 | Taxes: $4059


Portland iBuyers: What Home Sellers Need to Know About Instant Offers

You probably have heard the OpenDoor radio ads, or maybe you’ve seen Zillow’s “make me an offer” button and the resulting property sales in town. These cash offers are often referred to as “instant offers” and there’s a lot of buzz about how the real estate selling process may be changing as a result of these new players in the real estate industry. We break down the pros and cons of this new trend so you can understand what your options really are, and what makes the most sense for you when selling your home.

 

Exactly What is an iBuyer?

An “iBuyer” is a nickname that’s commonly used to describe an internet, or institutional real estate buyer. iBuyers are generally large national companies or pools of investors who have cash for real estate purchases and who offer quick and easy closings that you schedule at your convenience. You can close in 14 days, you can close in 90 days, or more – the choice is yours. If you choose to accept an offer from an iBuyer, generally this is the process to expect:

  • They will schedule a “property evaluation,” which is very similar to a traditional buyer inspection.
  • The iBuyer company may elect to adjust the sales price to reflect repairs they think will need to be made in order to sell the property on the open market, or hold the property as a rental investment.
  • Any requested repairs will be completed by the iBuyer company after closing so there will be no inconvenience to you if you agree to their reduced sale price.
  • You then have the choice to accept their revised offer and move on to closing, or cancel the sale.

 

What’s the Catch?

Sounds great, right? The iBuyer approach offers convenience, control and certainty, which – depending on market conditions – may be in short supply in a traditional real estate sale. So what’s the catch? Well, the catch is their fee structure.

According to research from real estate data firm Collateral Analytics, iBuyer options cost more in fees and result in a lower-priced sale than properties sold by traditional agents. Overall the total direct costs, ignoring repair credits, seem to run in the 13% -15% range depending on the iBuyer, versus the typical 5% to 9% combined seller and buyer costs with a traditional broker .

Of course there are many additional details to consider. Given your needs and your circumstances, paying a bit extra for the convenience of an iBuyer offer may actually save you money in the long run. Or your particular priorities may place a lower weight on your net sales price. The certainty of an upfront, known closing date and price may offer you some new options in terms of selling your existing home and buying your dream home, or even trading one property for another. These scenarios have been difficult to accomplish with a traditional “retail” sale in most real estate markets.

 

How We Can Help You

We are now certified iRep™ real estate agents. We are trained to solicit iBuyer offers for your property on your behalf. We then present you with a side-by-side comparison of the details of the various iBuyer offers you may receive, along with the details of a traditional real estate sale with us. Then you can decide what makes the most sense for you.

Like all buyers, iBuyers will only be interested in certain types of properties. However, our professional skills in property marketing, and our ability to see and highlight potential in most real estate properties, will absolutely yield you a higher offer from an iBuyer than if you were to do this yourself. Additionally, our training in completing an effective iBuyer analysis of your property should yield you a lower repair adjustment, which can be the difference between a successful instant cash offer and a disappointing one.

We would love to share our knowledge with you about these new developments in the Portland area real estate market. More iBuyer companies will be doing business in Portland starting in 2020, and that means more (potentially confusing!) options for sellers. Give us a call, or click here if you are contemplating a sale. We can help you make the most of your very important real estate asset by presenting ALL of the selling options available to you.

Sitting Pretty in SW PDX

New SW Listing!

4652 SW Cullen Blvd., Portland, OR 97219

This cheerful, vaulted cutie artfully combines a soaring sense of space with a cozy, inviting vibe. 2016 updates include new roof, skylights, windows, exterior paint, Brazilian Koa hardwoods, carpet and kitchen/bath cosmetics. Recent owner updates include central A/C, gas fireplace, interior and back deck paint, closet organizers, built-ins and adjustable garage storage rack. Large, sunny corner lot bordered by only one neighboring home; fully fenced with sprinkler system. Huge back deck accessible off dining area and kitchen great room for fun entertaining flow. One mile to Gabriel Park, 1.6 miles to Multnomah Village, two miles to Hillsdale! Hayhurst, Gray, Wilson schools.

OPEN SUNDAY November 17, from 1 3 p.m.


OFFERED AT: $520,000

3 beds | 2.1 baths | 1,680 SF

MLS# 19695340 | Taxes: $7,378


Pints 4 Parks Event

Super Cool Portland Parks Foundation Event

 

Do you love our city’s parks and green spaces? Do you believe everyone should have access to outdoor programs and playgrounds? Do you love trees, flowers and community gardens? We certainly do! That’s why we’re spreading the word about Pints 4 Parks, a fundraising event for The Portland Parks Foundation.

Join us for an evening of like minded folks who cares about making a difference in our neighborhood parks and green spaces. Learn about the impact you can make with the Portland Parks Foundation.

Pints 4 Parks
Tuesday, November 19
5:30 – 7:30 p.m
Widmer Brothers Brewery (929 N Russell St.)
Free and open to the public
$25 suggested donation
21+
Please RSVP

Donations also are accepted at the door, if you prefer. With your donation you will receive two drink tickets redeemable at the bar. Appetizers will be available for all.

We will be attending this event, so please say hello, or introduce yourself!

The Portland Parks Foundation mobilizes financial and popular support to ensure a thriving and accessible parks system for a healthy Portland. It accomplishes this mission through delivering leadership, partnership and funding that advances a commitment to excellence, accessibility and good stewardship of our parks.

Home Winterization Tips

As our Pacific Northwest winter weather approaches, it’s important to take some preventative measures to protect you and your home. Winterizing is a task that can help save you money on energy bills, increase the comfort of your home and can be relatively inexpensive.

Then if you are having radiators fitted it’s also very important to get your electric radiator installation done professionally as that will be much safer and likely give a better performance too.

Here are some helpful tips:

 

Be Prepared

  • Purchase a snow shovel now, so you’re ready before winter weather arrives.
  • Have rock salt/deicing agents on hand.
  • Prepare an emergency kit that includes water, non-perishable food supplies, blankets and a first-aid kit. Don’t forget food for any pets!
  • Double check the operation of smoke detectors, CO detectors and fire extinguishers.

 

Heating System

  • Replace filters in your home’s HVAC system to increase efficiency. You can click to read more to find an efficient HVAC system.
  • Test run your heating system in advance.
  • Hire a certified technician to inspect and maintain your furnace.
  • Reverse ceiling fans so that they force warm air downwards.

 

Gutters and Downspouts

  • Clear gutters and downspouts.
  • Inspect, secure and repair any loose or leaking gutters.
  • Install leaf guards to keep falling leaves and debris out of gutters.
  • Trim back tree branches and shrubs from the home.

 

Plumbing and Faucets

  • Drain and turn off outdoor faucets and irrigation systems.
  • Install insulating covers to exterior faucets.
  • Inspect exposed plumbing (particularly in older homes) in areas like basements or crawl spaces that may not be insulated.
  • Add pipe insulation as needed to prevent them from bursting.
  • Consider adding a sump pump in basements that are prone to moisture.

 

Doors and Windows

  • Inspect doors and windows to ensure there aren’t any gaps.
  • Caulk or apply weatherstripping around problem areas.
  • Install double paned windows or apply plastic film to increase energy efficiency.

 

Roofing, Chimneys and Decks

  • According to Roofing service Lancaster Ca, it’s important to inspect your roof and replace any damaged shingles or flashing.
  • Make sure your chimneys and wood stoves are cleaned early in the season.
  • Give your deck a new coat of sealer to protect it from the winter elements.

 

Thanks Julie Fisher, business development representative at First American Title, for sending us these home winterization tips!

Vaulted Ceilings: Elevate the Atmosphere

The vaulted ceiling is one structural element that can really elevate the sense of space in a home.

Photos courtesy of CTA Design Builders, Inc.

We’ve been working west of the river lately in hot pursuit of the vaulted ceiling found in the plethora of homes in west Portland, Beaverton and Lake Oswego.

Vaulted ceilings are commonly found in homes built in the 1960s through the end of the 20th century.  There’s nothing quite like the architectural interest that you get out of a sexy-cool, mid-century, low slung vaulted ceiling split right down the middle by a gorgeous old growth, cedar beam. 

Or perhaps the soaring, light-filled space you get in all those 1990s cosmetic fixers were seeing in west Portland and Lake Oswego these days is more your cup of tea? What’s not to like about all the extra-tall windows you usually see in these homes that aspire to catch up to those lofty living room ceilings? 

The early NW Contemporary style homes that were built in the 70s and 80s bring the outside in by featuring northwest wood ceilings and give a warm and rustic vibe if left unpainted. And often you’ll find skylights in these ceilings that provide moving paintings of light and clouds and color from above.  

Don’t forget all those spectacular floor-to-vaulted-ceiling river rock or roman brick fireplaces that connect earth to air in these homes adding another gorgeous architectural element of interest.

With the advent of the lighting revolution, vaulted ceilings have become the perfect opportunity to hang that fantastic, unique chandelier you found that would overwhelm any builder’s standard eight foot ceiling. Lighting statements are given room to surprise and fill an otherwise empty space with movement and sparkle in the space created by a vaulted ceiling.

It’s no wonder we’re working hard to fill the requests for this type of home! Do you want a home with a vaulted ceiling, skylight or brick fireplace? Remember, vaulted ceilings can be found in houses all over the greater Portland metro area, from Kenton to Beaverton, and in a range of prices. We’d love to help you find what you’re looking for.

 

New Walking Tour Explores History of Laurelhurst

The Laurelhurst neighborhood is one of the most iconic ‘hoods in Portland. At one point or another, every Portlander has visited a park, restaurant or shop in Laurelhurst. For those of us who call the area home, there is an enormous amount of neighborhood pride for our beautiful corner of the city. We’re thrilled to share with you a new walking tour of the Laurelhurst neighborhood, created by Grant High School student and Girl Scout Amelia Shields. 

The tour is available in both print and audio formats on the Laurelhurst Neighborhood Association website. Transplants and seasoned Portlanders alike will learn something new in this tour.

“I was interested in learning more about the history of the neighborhood, and I wanted other members of the community to be able to experience the rich history of the neighborhood and feel connected to it,” said Amelia.

Be honest – how many of us whiled away our teenage years watching MTV and wandering around a mall? We’re so inspired by teens like Amelia, who are building leadership skills and improving their communities. She created this tour for her Girl Scout Gold Award project, the highest level award a Girl Scout can earn. It requires a minimum of 80 leadership hours on a project to better the community. 

Well done, Amelia!

Zingo: Create a Credit History With Your Rental Payments

It’s the first step most prospective buyers need to take before they even start looking at homes: Call a lender and get pre-approved to purchase a property. You need to know what your monthly payment will look like compared to your income, and your REALTOR® needs to have a strong basis for your price point in order to make sure that your time house hunting is well spent.

 

The Surprising Downside of Frugality

The first thing a lender does when reviewing your financial outlook is check your credit report.  Unfortunately for many of today’s first time home buyers, having a strong credit history is hard to come by. In general young adults, i.e. millennials, tend to be financially conservative. Considering most young adults must take on large student loan debt in order to complete their education, it’s not surprising they tend to visit website and avoid consumer debt and only buy what they can afford, often in cash. They supremely dislike the idea of paying interest into the pockets of large corporations, and truly understand the risks of revolving debt.  

These choices sound healthy, right? Unfortunately, if you haven’t made purchases with credit and paid them off successfully over time, you won’t have much of a credit history to assess. As many millenials have found, it’s very difficult to buy a house or car with a weak or limited credit history.

 

Zingo Improves Your Credit Score

But wait! Most young adults dutifully pay rent and utilities every month. However, credit bureaus rarely track these payments. That’s where Zingo comes in. Zingo helps you automatically report your rent payments (and soon utility payments as well) to credit bureaus.

After evaluating the ins and outs of this financial service, Living Room Realty has teamed up with Zingo to help renters improve their credit score, so they can be in a better position to buy their first home. 

More details about Zingo:

  • You must be at least 18 years old to enter into an agreement with Zingo.
  • There generally is no charge to set up your account and begin reporting your current rental payments to the credit bureaus. If Zingo is unable to validate your rental data through their automated process, they may need to reach out to you for further information. If a manual process is required for verification, there will be a one-time fee of $19.95.
  • Zingo can only report rental payments made to professional property management companies, not to private landlords. You can report previous payments to your current address as far back as 24 months.
  • You can add past rental payments for a different address, for a charge of $29.95 per address.
  • Currently Zingo is only able to report your rental payment data paid through financial institutions (no cash payments). Soon, they will be able to report utilities, insurance and more. When signing up, please enter all recurring payments including utilities and other recurring payments. Once the bureaus give Zingo the go ahead, they will begin reporting these additional payments as well.
  • Zingo currently reports to Equifax and TransUnion and expects to be able to report to Experian soon.
  • Once set up, your payments are automatically reported to the credit bureaus on a monthly basis.
  • Zingo uses bank-strength, 128-bit encryption to keep your data safe. They do not sell your data.

We are so excited about this new service. We want to help renters achieve their dream of home ownership. After all, why shouldn’t your responsible, monthly payments for rent and utilities improve your credit score? For more information and to sign up, go to www.livingroomre.zingocredit.com.

Alberta Arts Centenarian

New NE Alberta Listing!

5243 NE 16th Ave. Portland, OR 97211

Check out the face lift of this lovely Alberta Arts Centenarian! 2016 home remodel features new kitchen, artisan tiled bathrooms, plumbing, electrical, windows, mini-splits and roof. Graceful floor plan boasts open concept living, dining and family rooms on main floor, three bedrooms up and deluxe basement guest suite. Fenced backyard for gardening and entertaining. Attached tandem two-car garage. Just blocks to great schools, parks and some damn fine BBQ!

OPEN SUNDAY September 29, from 1 – 3 p.m.


OFFERED AT $745,000

4 bed | 3.1 bath | 2,806 SF

MLS# 19494160 | 5000 SF Lot | Taxes: $4,396

 


Crazy New Price – NE Townhouse

NEW PRICE FOR PARKROSE LISTING!

4010 NE 125th Place, Portland, OR 97230

Spacious and bright townhouse in a park-like setting. Rare, larger floor plan with great room living/dining room, informal kitchen eating area, master suite and second bedroom up, and large family room off kitchen. Covered patio, double wall of closets in master suite, and 2.1 bathrooms (right where you need them!) complete this gracious layout. New furnace, water heater, heat pump and garage door. Move right in or complete the snazzy cosmetic updates of your choice! Enjoy the community pool, sauna, meeting room and lovely garden walking paths throughout the complex.

OPEN SUNDAY September 15, 1 – 3 p.m.


OFFERED AT $205,000

2 bed | 2.1 baths | 1,836 SF
MLS# 19187947 | Taxes: $3,895


From Lawyer to REALTOR®: Q&A With Erika George

Erika George celebrated six years with Living Room Realty this year. Through Erika’s partnership with her cousin and real estate maven Kari McGee, Erika has been able to create the career she wants for herself – helping people buy and sell houses, a.k.a. find HouseLove. Where did her journey begin?

Before you became a realtor, what did you do for a living? 

Erika Construction Site
Erika at construction site

I was a lawyer specializing in construction and contracts. I worked in private practice for 12 years, and then spent three years working for the City of Portland, representing the construction and contracts bureaus. While I had my fair share of days in the courtroom, I spent even more days on construction sites and building remediation projects all over town!

How does your past experience influence your current role as a realtor? 

My legal skills are invaluable to my real estate clients. I continue to use them on a daily basis: client advocacy, problem solving, contract analysis and negotiation, and excellent client service.

It’s especially helpful to have a working knowledge of contract law. It allows me to pre-identify tricky issues and help explain potential pitfalls and ramifications to clients. 

Why did you decide to pursue a new career as a realtor? 

As much as I love being a lawyer (I really do!), after 15 years I was ready for a change. I could no longer deny the fact that my heart beat faster every time I had the chance to educate friends and acquaintances (and random people in coffee shops and wine bars) about all Portland has to offer when it comes to real estate and life. I believe that a home is more than the four walls you live in, and I love the process of turning a house into a home. 

Do you miss your old job? 

The truth is I still practice law “on the side.” While real estate keeps my schedule pretty darn full, I am still a part-time lawyer associated with a small law firm, and if you are interested to learn about the firm you can learn more at JD Injury Law website. I love being able to keep my skills sharp and my legal relationships intact!

Do your clients value your legal experience?

Kari and I often get really positive feedback from our clients, like this recent Google Review from David Lashen: “We highly recommend using Kari McGee and Erika George for your home buying/selling needs. We can’t thank them enough for finding us the perfect home in Portland. Having two agents is like two for the price of one! They are always available and will provide you with the best service. Kari and Erika’s negotiating skills are also fantastic. We felt like we got more than we thought was possible during the inspection period. Do yourself a favor and hire Kari and Erika!” 

When I read reviews like that, my heart soars! I know I made the right choice to team up with Kari to create HouseLovePDX and join Living Room Realty.

NW Mid-Century Condo

NEW PRICE FOR NW CONDO!

2020 NW 29th Ave. #1, Portland OR 97210

Don’t miss this cheerful mid-century condo in one of NW Portland’s best kept “secret” neighborhoods. You will love living in this vibrant community of home owners! Warm hardwoods, radiant heated floors in kitchen and bath, in-unit laundry closet, and NW territorial views grace this bright two bedroom unit. Recent building updates include: new windows, siding, exterior paint, high efficiency water heaters and more. Nestled at the base of Macleay Park and just blocks to NW district hot spots. Ten private parking spots reserved for owners and guests. Assigned basement storage closet. No rental cap. Chapman, West Sylvan, Lincoln Schools.

OPEN SUNDAY August 18, from 3 – 5 p.m.


OFFERED AT $365,000

2 bed | 1 bath | 771 SF

MLS# 19046499 | Taxes: $4,262 | HOA Dues: $317


Living Off the Grid in an Eco-Friendly “Earthship”

Climate change is on everyone’s mind right now. Many people want to lessen their impact on the environment, whether that entails installing solar panels, cycling instead of driving or eating less meat. Other people pursue a more radical dream – literally living “outside the box” and off the grid. I had the chance to experience an eco-friendly “earthship” first hand and it was amazing!

When I traveled to Jefferson, Colorado to visit one of my best friends from college, I had no idea my real estate (and cardiovascular!) horizons would be so expanded. My friend Kristin lives in an earthship that she and her family built with their own hands – completely off the grid. One side of the house is insulated by 1,000 recycled tires. The other side has an expansive 180 degree view of the beautiful high desert. The floor is “polished mud.” The walls are adobe mud. The house is powered by solar and wind. The construction is solid, the views are breathtaking, and the home is beautiful, cozy and livable – no one’s roughing it. Kudos to Kristin (and family) and all of you out there who are living/thinking “outside of the box/grid.” You are an inspiration to us all!

Although not everyone has the means (or desire) to live in an earthship, everyone has a dream about the kind of home they would like to live in or the kind of life they would like to have – be it a cute condo in a walkable neighborhood or a sprawling mid-century modern in a great suburb, with a big backyard and room for a garden.

Do you want to live life outside the box? Are you considering a radical change when it comes to where you live? We GET it! Call us to talk about your options. We would be honored to help you find HouseLove.

Unique & Wonderful Arleta Bungalow

NEW Mt. SCOTT-ARLETA LISTING!

6015 SE Long St. Portland, OR 97206

This special bungalow will make you so happy! Thoughtfully designed remodel with warm and unique cosmetic details including custom wood work and built-ins, modern stained glass, and new windows. Impeccably executed kitchen complete with fir banquette, looks out to the sweet, private deck and backyard. Large, bright master up, with ample closet and 1/2 bath. Finished basement with guest room and cheerful family room. A rare 10 Home Energy Score is the icing on the cake. Systems include Tesla solar panels, high efficiency heat pump and electric mini-split, and energy efficient appliances throughout!

OPEN SATURDAY, June 22, from 12 – 2 p.m.


OFFERED AT $515,000

3 beds | 2.1 baths | 1,990 SF

MLS #19128255 | 5,000 SF Lot | Taxes: $4,538


MAJOR PRICE IMPROVEMENT: BEAUMONT VILLAGE BEAUTY!

4221 NE Beech St., Portland, OR 97213

Price improved by $35,000! This beautiful 4 bedroom, 3.1 bath home is chock-full of modern amenities. The main floor features gorgeous Acacia hardwood floors, formal entry, open living room, gourmet kitchen with island, light-filled formal dining room, powder room, and den with french doors and custom built-ins. The upstairs master suite is a peaceful retreat with tall coved ceilings, gas fireplace, large walk-in closet and deluxe bathroom. You’ll find two additional bedrooms upstairs next to an ample bathroom with two sinks for easy sharing, and a cheerful laundry room just where you need it! The finished basement boasts a guest suite and great room, which is plumbed for a second kitchen for great ADU potential. This bonus space has uncommonly high ceilings and will accommodate a wide variety of rumpus room needs! The inviting back deck is perfect for outdoor dining, with steps down to the fully fenced and beautifully landscaped yard and pool for outdoor living at its best. Mere blocks to Beaumont Village, Wilshire Park and Alberta Arts District. High home energy score of 7.

OPEN SATURDAY, June 8, from 2 – 4 p.m.


OFFERED AT: $899,900

4 bed | 3.1 bath | 3,434 sf

MLS# 19381740 | 5,280 SF Lot | Garage: 1 attached, oversized | Taxes: $8,111


Darling English in Rose City Park

New Rose City Listing!

4914 NE Clackamas Street, Portland, OR 97213

Classic storybook charm with super flexible floor plan! Light-filled living room with historic fireplace and leaded pane windows. Formal dining room with beautiful built-in cabinetry and bay windows. Option for master bedroom on main OR second floor, which has large bonus space (nursery, office, craft room, dressing room, etc.). Remodeled bedroom in basement with fireplace is perfect for guests, teenagers or as a media room. Private backyard has a sunny deck, patio and is fully fenced. Plenty of storage in basement laundry room and detached garage. Location can’t be beat – walk to Trader Joe’s, Normandale Park and the Hollywood Farmers Market. Schools = Laurelhurst Elementary and newly remodeled Grant High School, which is reopening this fall!

OPEN SUNDAY, June 2, 12 – 2 p.m.

BROKERS TOUR Tuesday, June 4, 11 a.m. – 1 p.m.


OFFERED AT $525,000

4 bed | 1 bath | 2,526 SF

MLS# 19428702 | 0.11 Acre Lot | Taxes: $6,367


Senate Bill 608: New Regulations Are Changing the Game for Landlords

The new state Rent Control Bill – Senate Bill 608 – has caused a flurry of confusion for landlords and those property owners considering renting out a house or unit. Add in the fact that the city of Portland already has its own Tenant Relocation Assistance Ordinance and suddenly there are a lot of new hurdles for landlords to navigate.

After taking classes, doing tons of research, wherein we had to find out more about this accident lawyer in Orlando, FL, and hearing what real estate attorneys have to say about Senate Bill 608, we’ve broken down what these new laws might mean for you. Portland landlords need to understand the requirements and restrictions of both state and city regulations, and how they overlap. Fair warning, in our experience even real estate attorneys disagree as to the application and effects of these new regulations on property ownership in our area!

 

How does Senate Bill 608 Affect Landlords Who Want to Sell?

Oregon Senate Bill 608 is often referred to as the “Rent Control Bill.” The intent of this bill is to prohibit landlords from terminating month-to-month tenancy without cause after 12 months of occupancy, and to put a limit on large increases in rents.

The big news is that property owners who want to sell a tenant occupied property, in which tenants have lived longer than a year, are no longer able to issue No Cause Eviction notices, unless they meet one of these exceptions:

  1. Owner intends to demolish the dwelling unit or convert the dwelling unit to a use other than residential use within a reasonable time;
  2. Owner intends to undertake repairs or renovations to the dwelling unit within a reasonable time, and at least one of these apply:
    1. The premises is unsafe or unfit for occupancy; or
    2. The dwelling unit will be unsafe or unfit for occupancy during the repairs or renovations.
  3. Owner intends for the owner or a member of the owner’s immediate family to occupy the dwelling unit as a primary residence and the owner does not own a comparable unit in the same building that is available for occupancy at the same time that the tenant receives notice to terminate the tenancy; or
  4. Owner has (A) accepted an offer to purchase the dwelling unit separately from any other dwelling unit from a person who intends in good faith to occupy the dwelling unit as the person’s primary residence; and B) Owner has provided this notice and written evidence of the offer to purchase the dwelling unit to Resident not more than 120 days after accepting the offer to purchase.

*Translation:  A landlord may no longer give a no cause 90-day notice to tenants (after one year of tenancy), then fix up the property once they vacate, in order to procure a higher sales price. A landlord may list the property for sale with tenants in place. Only after an offer has been accepted may she give the 90 day notice to vacate, and only for a buyer who plans to live in the property as a primary residence.

SB 608 also requires landlords to pay a relocation assistance of one month’s rent to tenants evicted for Qualifying Landlord Reasons (with some exceptions). The city of Portland, however, already has its own Relocation Assistance Ordinance and this is one of the major areas where  the two laws overlap.

 

Portland’s Tenant Relocation Assistance Ordinance

On March 7, 2018 the city of Portland made the Tenant Relocation Assistance Ordinance permanent. This ordinance mandates payments from the landlord to the tenant when either an End of Tenancy notice is served, or an increase notice of 10 percent or higher is served, and the tenant then elects to move.

The Portland City Council met earlier this year to address some of the issues created by SB 608. These fixes were adopted on March 13, 2019, and include:

  • Reiterating SB 608’s Qualifying Landlord Reason for issuing an End of Tenancy Notice after the first year of occupancy.
  • Removing a shortened 60-day termination timeline regarding federal mortgage financing for the sale of a property (SB 608 did not make that accommodation).
  • Clarifying several statements on how certain affordable housing may be exempted.
  • Limiting the total amount of relocation payment required by state and city laws.

In order to benefit from a reduced relocation payment, the landlord must pay the total relocation payment in full at the time the 90-day End of Tenancy notice is served. The city’s new language allows landlords to deduct the amount of the state relocation from the amount required by the city of Portland.

Portland Relocation Assistance is awarded as follows:

  • $2,900 – Studio or single room occupancy (SRO)
  • $3,300 – One bedroom dwelling unit
  • $4,200 – Two bedroom dwelling unit
  • $4,500 – Three bedroom or larger dwelling unit

Our take on these new regulations is that once the dust settles, professional landlords whose goal it is to rent out their properties long term, and who understand the benefit of long tenancies, will be less impacted by these regulations.

For those of you who are considering a short term rental period or want to have a large amount of flexibility in terms of when and how you sell or improve your property, our advice is to seek legal counsel before you make any decisions to rent out your property. Renting your primary residence for a few years while you make decisions regarding your next real estate steps has gotten a lot more complicated than it used to be.

We advise you to perform serious due diligence on this issue. Don’t hesitate to call us if you need resources to help you make decisions about renting your property!

NEW BEAUMONT VILLAGE LISTING!

4221 NE Beech St., Portland, OR 97213

This beautiful 4 bedroom, 3.1 bath home is chock-full of modern amenities. The main floor features gorgeous Acacia hardwood floors, formal entry, open living room, gourmet kitchen with island, light-filled formal dining room, powder room, and den with french doors and custom built-ins. The upstairs master suite is a peaceful retreat with tall coved ceilings, gas fireplace, large walk-in closet and deluxe bathroom. You’ll find two additional bedrooms upstairs next to an ample bathroom with two sinks for easy sharing, and a cheerful laundry room just where you need it! The finished basement boasts a guest suite and great room, which is plumbed for a second kitchen for great ADU potential. This bonus space has uncommonly high ceilings and will accommodate a wide variety of rumpus room needs! The inviting back deck is perfect for outdoor dining, with steps down to the fully fenced and beautifully landscaped yard and pool for outdoor living at its best. Mere blocks to Beaumont Village, Wilshire Park and Alberta Arts District. High home energy score of 7.

OPEN SATURDAY, May 11, from 1 – 4 p.m.


OFFERED AT: $959,900

4 bed | 3.1 bath | 3,434 sf

MLS# 19381740 | 5,280 SF Lot | Garage: 1 attached, oversized | Taxes: $8,111


New Price & Open House: John’s Landing River View Condo

5250 SW Landing Dr. #210 B1, Portland, OR 97239 

Offered at: $335,000

This is the unit you’ve been waiting for – at an improved price! Two real bedrooms and two full baths in an elevator building. Lovely, partial river view and peaceful grounds with water features and verdant gardens. Living-dining great room flows to spacious balcony for all weather river views. One deeded parking spot. Walk to south waterfront and catch the street car downtown or stay in the neighborhood for fun cafes and Willamette Park. Railroad is used on summer weekends for charming Lake Oswego Trolley. List agent is related to seller.

2 bed | 2 bath | 1,042 sf

Taxes: $4,229 | HOA dues: $610/month 

MLS# 19321523

Open House: Saturday, May 11, 2 – 4 p.m.

Portland Monthly Names Kari McGee a Five Star REALTOR®

Portland Monthly has named Kari McGee, principal broker of the HouseLovePDX Team, a Five Star REALTOR®! Kari has received this award annually for seven years, making her a seven-time winner. Less than five percent of Portland REALTORS® receive this award.

Portland Monthly compiles a list of top REALTORS® each year to help consumers find the best local professionals. Criteria includes client feedback, and surveys of industry peers and professionals. This process helps ensure only the best REALTORS® make the list.

Kari has helped clients successfully navigate the evolving Portland real estate market since 2005. Kari originally hails from Salem, Oregon. After a globetrotting career focused on music and acting, she returned to Oregon in 2004. Her personal experience with relocating galvanized her belief that wherever you go, it’s crucial to connect in meaningful ways to a new home and new community. In 2005 she started her own business as a realtor, with the goal of helping people transition successfully to new neighborhoods and start their next chapter on solid ground.

In 2011 Kari joined the brokerage Living Room Realty and further developed her role as a relocation specialist who helps families get connected to Portland’s community and culture. As Kari’s business grew, she looked to her cousin and attorney, Erika George, to help meet the needs of her clients. Together, Kari and Erika formed HouseLovePDX, a REALTOR® team that draws on Erika’s 20 years of experience as a lawyer and Kari’s expertise in real estate.

To learn more about how Kari and Erika can help your goals become a reality, reach them for a free consultation and market analysis at karianderika@livingroomre.com or 971-322-6612.