What an honor to help this family once again! When Nicky and Noah reached out and mentioned the family they were a part of I was once again honored and super excited at another opportunity to help. Every person in their family radiates kindness, grace, and excitement to become a homeowner and it has been such a pleasure to help each and every time. Nicky and Noah were no exception, my only selfish regret is the search was so short because an amazing home had a price reduction in the first week of their search and became an option for them. We toured the home and could not believe that it satisfied every one of their needs and wants. Amazing things happen to amazing people, period!
Tag: integrity
Look at that view
Wow, when entering this amazing home it was hard to look past the amazing view, but once our eyes peeled away from the windows the house wowed Danish as well. He knew this house was meant to be his. In a very competitive scenario, Danish showed up and came out victorious on his first offer. Today he gets the keys to a great home with secondary living quarters for family and friends to stay in when they come to visit him in his new home! Congratulations Danish, we are very excited for you!
Sabin Contemporary
Sabin Contemporary
806 NE Failing St | Portland, OR 97212
Offered at $549,900 | ML #21038516
3 Bedrooms + Loft | 1 + 1/2 Baths | 1,120 SF
Stellar layout – modern amenities. Three bedrooms upstairs w/bonus loft, updated bath and garden views. Bright, open main floor; chef’s kitchen w/quartz countertop, sunny dining room & quality appliances. Hi-Eff heat pump system with ERV, tankless H2O, gas fireplace & hardwoods throughout. Backyard deck set in private yard w/established natives, fruit trees, raised beds. Modern systems, detached garage/studio/workshop & ample storage. Central Sabin location; blocks to grocery, cafes, bike routes, parks.
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Just that easy
Elaine and Greg were ready to jump into Portland’s competitive market and had heard all of the intimidating tales of multiple offer scenarios and long term buyers spinning their wheels for months unable to successfully purchase a home. We believe that even in a seller’s market, buyers can and should feel empowered in their decision to purchase. One of the ways we arm buyers with the reclamation of their power in a competitive landscape is building a foundation of information, a strong understanding of each home’s value and shortcomings (there is no perfect home), and being a living reminder of the values buyers entered the market with so we can help uphold those values when challenging decisions emerge. For Elaine and Greg, starting the search with clear needs and a thorough understanding of where it made sense to compromise led them to an ideal home and neighborhood immediately upon entering the market. The introspection that foregrounded their search made things deceptively easy! We are thrilled that things aligned so elegantly and can’t wait to celebrate.
The joy of no concessions
Mallary and James entered the market excited to find their new home, but after listening to a lot of their friends’ stories they were also realistic about the possibility of it taking a while. To their surprise that was not their experience. Their clarity on what was most important and their commitment to make time to look at possibilities brought them to the finish line quicker than the average buyer in this limited inventory, competitive market. The most exciting part is they did not need to concede on anything. Today they received the keys to their lovely three-bedroom home, with amazing natural light, and an oasis of yard to enjoy. Congratulations Mallary and James, it was such a pleasure helping you!
Dreamy Alberta Oasis
Dreamy Alberta Oasis
4524 NE 12th Ave | Portland, OR 97211
Offered at $575,000 | ML # 21565798
3 Bedrooms | 1 Bath | 1,964 SF | 5,000 SF Lot
Dreamy Alberta Oasis. 3 bedroom with tuck-under garage & two bedrooms upstairs. Modern bathroom & kitchen, vintage millwork, tile & finish details and ample storage throughout. Updated systems and unfinished basement space. Formal dining room & sunny breakfast nook, covered front & back porches, master-tended gardens with natives, edibles, entertainment spaces and established goodies. Blocks from parks, grocery, bike routes & Alberta Arts amenities.
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Laurelhurst Traditional
Laurelhurst Traditional
305 SE 45th Ave | Portland, Ore 97215
Offered at $850,000 | ML # 21601953
4 Bedrooms | 2 Baths | 3,256 SF | 8,432 SF Lot
Laurelhurst Traditional. Generations of meticulous care. Generous floor plan with 4 bedrooms, 2 baths, bonus/sun room & expansive family room. Woodfloors, coved ceilings, built-ins, fireplace, renovated bathrooms, kitchen & formal dining. Incredible 8,432 SF lot with established natives, garden beds, entertainment patio & hidden secrets. Updated systems; seismic, plumbing & sewer, wiring & panel, hi-eff water heater, furnace & ducting, gas lines & appliances. Detached oversized garage with loft storage. Blocks from Laurelhurst Park.
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Vermont Hills MidCentury
Vermont Hills MidCentury
3622 SW Iowa St | Portland, Ore 97221
Offered at $699,900 | ML # 21140679
4 Bedrooms | 2 1/2 Baths | 2,972 SF | 8,800 SF Lot
Vermont Hills Midcentury with classic ’60s details in architect-designed floorplan. Mount Hood views, original Oak flooring, Mahogany trims & abundant built-ins. Updated kitchen with dining nook, tile, cork flooring, access to sunroom/patio & multi-level backyard with established natives & edibles. 4 bedrooms & 2 baths on main level. Basement family room with 2nd fireplace & 3rd bath. Double garage, laundry room & additional basement storage. A mile to Gabriel Park, community center & local amenities.
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Schools, Neighborhood, Family
This amazing family of four set out to make their dream come true of settling into the neighborhood they had come to love. In a fierce market with limited inventory the hope of making dreams come true can feel impossible and at times it did. They adjusted expectations, sought council, and put trust in their real estate team, which all led to an amazing outcome and a beautiful home to raise their family and make roots. Congratulations Abra and Jeff, it was an honor to help you!
Contemporary 4 Bedroom
Contemporary 4 Bedroom
4625 N Hunt St | Portland, OR 97203
Offered at $539,900 | ML # 21678490
4 Bedrooms | 2 1/2 Baths | 1,758 SF | 5,000 SF Lot
Contemporary 4 bedroom on a fantastic, sunny lot. 3 beds upstairs with 2 baths, laundry room and master suite with tiled shower & soaking tub. Main floor features a stellar open layout, modern kitchen with island, breakfast bar, pantry & outdoor dining access. Hardwoods, woodwork, fireplace, 4th bedroom/office and amazing light throughout. Fully fenced backyard with garden beds, covered entertainment patio, detached garage. Blocks from grocery, coffee, parks, transit, bike routes.
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Dreamy Woodstock Cottage
Dreamy Woodstock Cottage
4537 SE Mitchell St | Portland, OR 97206
Offered at $399,900 | ML # 21519729
1 Bedroom | 1 Bath | 776 SF + Exterior Studio
Dreamy Woodstock cottage on an oversized lot. One bedroom house with separate Studio building. Super charmer in the heart of Woodstock; blocks from cafes, dining, grocery, transit & Woodstock Park. Remodeled and move-in ready. Beautiful details; built-ins, wood floors, renovated kitchen and bathroom. Updated windows, siding & systems; plumbing. electrical, A/C. Flexible use exterior Studio, Workspace, Sanctuary. Charming, adorable, lovely.
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MidCentury Marquam Hill Condo
MidCentury Marquam Hill Condo
908 SW Gaines St #1 | Portland, Ore 97239
Offered at $199,900 | ML # 21025716
1 Bedroom | 1 Bath | 562 SF
Midcentury Marquam Hill Condo. 1 bedroom unit with separate storage & deeded parking space. Updated kitchen & bathroom with stone counters, modern cabs, stainless appliances, tile and ample storage. Oak hardwoods and vintage details, modern finishes and great windows with garden views. Move in ready, all appliances included. Classic ’60s building with brickwork, basement spaces and a courtyard setting. Blocks from OHSU, Tram, Marquam Nature Park and trail system.
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Vermont Hills
Vermont Hills 3 Bedroom
6146 SW 46th Ave | Portland, OR 97221
Offered at $450,000 | ML #21004540
3 Bedrooms | 1 Bath | 1,089 SF
Vermont Hills 3 bedroom set on a gorgeous 7,035 SF lot. 1950s charm; wood floors, picture paned windows. Stellar layout with lofted 3rd bedroom/work space. Indoor/outdoor living abounds; large sliding doors, covered entertainer’s deck and BBQ patio. Renovated kitchen with quartz countertops & new appliances. Ample storage, attached garage, PV solar panel array. Fully fenced yard w/established landscaping, mature natives, garden beds and trees. Blocks from Gabriel Park and local amenities.
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Badass moves north
Shadiin is the kind of person whose vibrancy is contagious. It was simply a joy to be a part of her process as she transitions to this next phase of her life. With her kids moving away for college, Shadiin was able to focus on her own values and needs in her home search and made the decision to leave Eugene for an amazing job opportunity in Portland. She wanted a place where she could host large family gatherings, have a space for her kids to stay when they visit from school, and if possible, have enough room to entertain the possibility of an AirBnB and income potential. We are beyond thrilled to see her close on a home today that HAS IT ALL. It’s such a privilege to advocate for our amazing clients.
Holding out for happy
Jen and Donny were past clients that we had the joy of helping find their first home – a home that has served their growing family for many years. But in anticipation of the kids getting older and all of life’s expanding elements, having a flexible space with room to stretch felt like a crucial next step. It’s true that in some sense the farther outside of inner Portland you travel, the more house you will get for the money. But in ever changing Portland, the allure of this has not been lost on the general public and peripheral Portland areas are no exception to the competition. Jen and Donny had a few hard losses, but in the end their resilient attitude and pragmatic approach landed them a home in their ideal neighborhood in Happy Valley.
Gorgeous Foursquare
Gorgeous Foursquare
4425 NE Cleveland Ave | Portland, Ore 97211
Offered at $725,000 | ML #21171781
3 Bedrooms + Sunroom | 2 Baths | 1,992 SF
Gorgeous Foursquare w/Craftsman details; high ceilings, stunning woodwork, built-ins & bench seats. 3 bedrooms upstairs with renovated bathroom, laundry & bonus sunroom. Designer kitchen w/pantry, bountiful storage, custom tilework, quartz counters & Viking range. Exterior-access basement w/office/guest room, full bath & add’l storage. Updates; windows, A/C, tankless H2O, seismic retrofit. Fenced yard features stone patio, South facing garden beds, bamboo screening. Blocks to dining, cafes & shops.
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Sellwood Farmhouse
Sellwood Farmhouse
1566 SE Linn St | Portland, Ore 97202
Offered at $575,000 | ML #21699311
3 Bedrooms | 1.1 Baths | 1,428 SF + Bonus Studio
Sellwood Farmhouse. Vintage details – modern amenities. Blocks from grocery, coffee, shops, parks, bike routes. Updates to most systems, hardwoods and new carpets, tile work and charming moudlings. Kitchen with pantry, dining nook and backyard access. Gardens, entertainment spaces, established flora and bonus exterior office/studio. Three bedrooms upstairs – creates spacious main floor; formal dining room, broad living room, entry and storage.
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Clarity
Staying grounded amidst market frenzy
A home is often the largest purchase a person will make in their lifetime. It can feel counterintuitive to spend such a large amount of money as a means of saving and investment, particularly when you are a first time home buyer. It can be a great choice for the future, but it is not necessarily the right choice for everyone. We want our buyers to feel informed and empowered within the home buying process, relieved of the frenzy of the market enough that when it comes time to decide on a home, it can be a decision made with calm and eyes wide open.
Central priorities
An avid biker and walker, Ellen knew she wanted to stay close-in to limit her time in the car as much as possible. She was willing to sacrifice size for proximity, so when an inner SE bungalow, with functional living spaces and the bonus of a livable basement came on the market, it was easy to envision making this her longer term home.
Focus on the dream
After dipping their toes in the market for months, it was time to get serious about their search. Home prices were rising and an already challenging market was becoming even more difficult to compete within. Kristen and Matt bumped up against some roadblocks and withstood heartbreak during the offer writing process, but weathered the setbacks and have found an amazing home for their family. It is always so rewarding to see such diligence and long term commitment pay off. We are thrilled for them.
What does it mean to Waive the Appraisal?
If you know anyone who has bought or sold property in Portland within the last year, you have likely heard stories about needing to “waive the appraisal” to be the winning bid on a home. While this strategy has been in play for a number of years, it now seems to have become a staple of nearly every winning offer in competitive multiple-offer-situations. But, what exactly does it mean to waive the appraisal?
To understand this concept better, let’s start by looking at the normal process for an appraisal during a real estate transaction.
When a Buyer finances the purchase of a home, the Lender requires a third-party Appraiser to inspect the property, and provide an opinion of value for the home. In order for the home to qualify for financing, the appraisal has to come in at or above the agreed upon purchase price, and also be free of any conditions or required repairs (more on that later). If the appraisal comes in below the agreed upon purchase price, then the home does not qualify for financing at that price, and the Lender will only provide financing that is based on the appraised value.
For example, if you are under contract to purchase a property for $600,000 with 10% down, your Loan-to-Value ratio would be 90%, meaning the Lender is financing 90% of the purchase, or in this example, $540,000. If the appraisal came back with an opinion of value of $575,000 for the home, the Lender would then only agree to provide financing for 90% of that amount. In this case, $517,500.
In this event, neither party (Buyer or Seller) is obligated to move forward with the transaction. However, if both parties would like the transaction to move forward, the appraisal shortfall is then typically negotiated between both Buyer and Seller. Either the Seller lowers the price to the appraised value, the Buyer brings more cash to the table to cover the difference, or they split the difference in some agreed-upon fashion.
In today’s market, however, many Buyers are pre-negotiating a potential appraisal shortfall, and either guaranteeing to make up the entire difference in cash, or, offering to bring a predetermined amount of additional cash to closing — on top of whatever the appraised value is. While this is certainly an aggressive strategy (requiring additional cash reserves on hand), it is also effective, as it makes the offer far more attractive to a Seller, who now has more of an upfront guarantee on what their final selling price will be.
One of the obvious concerns with this strategy as a Buyer, is that you will overpay for a home, and give up some of the immediate equity that you might expect to have in the property upon purchasing it. While this is certainly a valid concern, in the Portland Market it has become a question, in many cases, of whether you would rather leverage some of your immediate equity, or perhaps not get into a new home at all. As a prospective Buyer, it’s important to make your offer as attractive as possible, when the Seller is selecting from a pool of 10-15 offers, so in most cases at least one of those offers will include this type of term. If you are not willing or able to, I totally get it. But, it may make for an uphill battle in terms of purchasing a home in the current market.
It’s also important to understand that with prices trending upwards as quickly as they are, the data available for appraisers to use in their valuations is not necessarily completely up-to-date. With the typical escrow period being around 30-days, the most recent data for sold homes that appraisers are able to use, is typically already close to a month old by the time your transaction closes. So, there is some lag time between the value that can be statistically supported by an appraisal, in comparison to what the market will actually bear. As prices continue to rise in Portland, the most relevant data is what is happening in real time, rather than what happened 3-6 months ago, or even last month. So appraisals aren’t always able to keep up with the market.
Enter: Appraisal gap coverage with cash.
As a potential Buyer in this market, I feel it is important to understand this concept upfront, because it changes the amount of cash that may be needed to successfully purchase a property. While the vast majority of transactions I have closed with appraisal gap guarantees ended up actually appraising at the agreed-upon purchase price (meaning no additional cash was required from the Buyer), it is important for Buyers to understand that the risk is always there. So, they should feel comfortable with bringing the additional cash to closing, in the event the appraisal does come in low.
So, how do you know how much cash over the appraisal to offer, or whether it makes sense to include this in an offer at all? Well, I can’t give away all the secrets, but whenever my clients are planning to submit an offer, the first thing I do is research the recently closed comparable homes in the neighborhood to get a sense for the value I feel an appraisal would come in at. From there, we strategize on the offer amount, appraisal gap coverage amount to offer and overall terms. This is also where we ensure that the verbiage used to address how an appraisal shortfall will be handled is specific, and doesn’t leave the Buyer on the hook for any of those potential conditions or repairs that may be required by the Appraiser.
If you’re thinking of buying a home, or have questions about covering a shortfall on an appraisal, please feel free to call or email me anytime! I love discussing Real Estate, and look forward to catching up with you all soon.
The Power of Positivity
As a prospective home buyer, navigating the roller coaster of emotions that is the Portland real estate market these days can be exhausting. It’s easy to get down on yourself after falling in love with a home and writing an amazing offer, only to find out that 17 other people also wrote amazing offers, and yours just wasn’t quite amazing enough.
When that happens 5-6 times, it starts feeling like maybe you’ll never find a home.
My clients who recently closed on a home though, are a perfect example of how a thick skin and positive attitude can play a vital role in helping to accomplish the goal of buying a home in this market.
With a max budget of $400k, the options available for my clients were already very slim. Not to mention, everything selling in this price point would have at least 10 offers within a day or two of hitting the market.
We looked at properties every week for a few months, and nearly every week we submitted an offer on a home. Time and time again, I would have to deliver the bad news that someone else had written an offer higher than ours, or someone else had put more money down, or someone else waived inspections.
Each time, the Buyers shook it off, and said “ok, thanks for your work, Kevin. On to the next.”
We must have written 8-10 offers on homes they didn’t get. And each time, they responded with the same positivity and good natured attitude. Until finally, with a little bit of magic, they had their offer accepted!
They closed today, and I couldn’t be happier to see such positive people realize their goal in such a challenging and competitive environment. Where many people might give up or lose hope, they stayed positive and persisted, until it paid off. Huge congratulations to you!!
A place for everyone!
Mary and Phil simply deserve the best — they are an amazing couple centered on family connection and were seeking a place to not only age in place, but to provide spaces for all their beloved family. They knew this was going to be hard based on some of their needs, but when buyers are crystal clear on what they need and ready to act when the right one hits, only good things happen! Their house hit the market and they jumped, beating out 5 other super strong offers on their first try. Helping this family was such an honor — we are so excited that they found a home to host large family events and have all their sisters and grandchildren visit!
Can you really get it all?
Julia and Scott entered the market with hopes to secure a great home in their current neighborhood. They had been warned about the “crazy” market and were honestly a bit scared. Those fears were answered with strong counsel, realistic expectations, and an advocate that helps empower buyers to navigate through safe realistic concessions. As we ventured out into the market to find their home we never thought that not only would they find a home with little to no concessions, but that they would be successful with their first offer! We are so excited for them to get keys today to their dream home!
Is this our opportunity?
Home Ownership Dream…
Building a Portfolio
Congratulations to my clients, D&Y, for purchasing their 4th property in 2 years! I truly enjoy being a part of helping my clients build up a real estate portfolio, and helping them utilize real estate as part of their wealth building strategy. It’s something that I believe in personally, so it’s great to connect with friends and clients who feel the same way.
Schools, community, safety
Gorgeous Craftsman Bungalow
Gorgeous Craftsman Bungalow
6624 N Missouri Ave | Portland, Ore 97217
Offered at $549,900 | ML #21644075
4 Bedrooms | 3 Baths | 2,180 SF
Gorgeous Craftsman Bungalow, perched up from the street w/awesome yard & improvements throughout. Airy master suite w/skylights. Open concept kitchen/dining w/stone counters, stainless appliances, mud porch & backyard access. Finished basement features 3rd bath, 4th bed, storage & family rooms. Bungalow charm & modern updates on every floor; hardwoods, fireplace, woodwork, tile. Private, fenced yard w/party deck & patio, open lawn for games, gardens & beds all around. Blocks from Peninsula Park.
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Gorgeous Sunnyside Bungalow
Gorgeous Sunnyside Bungalow
718 SE 32nd Ave | Portland, Ore 97214
Offered at $599,900 | ML #21012755
3+ Bedrooms | 1 Bath | 2,607 SF
Gorgeous Sunnyside Bungalow, perched above the street, flooded with light and layered with love. Decades of stewardship from generations of artists. Airy, spacious 1400+ SF main floor with formal entry, dining, stellar kitchen w/breakfast bar, nook and walkout to private backyard deck and patio. Upstairs 3rd bedroom & office/flex space. Unfinished basement with tall ceilings and updated systems. Vintage details throughout; built-ins, lighting, flooring and millwork, hardware and fireplace. Blocks from Laurelhurst Park and Belmont goodies.
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Why is Housing Inventory So Low
The Portland Real Estate Market has strongly favored Sellers for the greater part of 7 years now, and this has largely been driven by a shortage of supply, coupled with low mortgage interest rates. There are many motivated Buyers, looking to lock in a home purchase at a great rate, but just not enough supply to meet the demand, which has caused the high level of competition we are seeing for Buyers.
But why is that? What is causing this seemingly never-ending cycle of low inventory in our region? Below are my thoughts on some of the main contributing factors.
1. Lack of New Construction:
According to Portland Alliance, despite historic economic expansion, our region has produced the fewest housing units over any 10-year period since World War II.
With the number of new households in the area exceeding the number of new homes being built, we have a situation where demand for housing cannot be met at current building rates. In order to balance the market, there needs to be a larger supply of new construction to keep up with the growth in our region.
This is a particularly complex issue, which dates back to the Recession in 2008-2012. Residential new construction hit all time lows during that time period, and it simply hasn’t ever fully recovered.
Additionally, the cost to build is significantly higher now, and I am sure many of us are aware that the price of lumber has skyrocketed during the pandemic — nearly quadrupling in price.
2. Hesitation to Enter the Market
Another issue that contributes to the lack of inventory, is a hesitancy from current homeowners to trade-up or downsize in the current market climate. I have spoken with a number of clients in the last year, and discussed the pros and cons of making a move in this market. There are many people who would love to take advantage of this opportunity to sell their current home, but the prospect of then entering the market as a buyer, is not all that appealing.
Buying and selling a home in the same market will always favor one side of this coin, but in the current climate, it so strongly favors sellers, that it intimidates some from even attempting to make the transition.
3. Duration of Homeownership
Another interesting factor contributing to the lack of housing supply, is that people are staying in their homes for longer periods of time. According to the US Census Bureau, the average tenure for homeownership in the United States is just over 8 years. In comparison, the average tenure was only 4 years between 2000-2007.
We can certainly speculate as to why this might be, but there doesn’t seem to be any overwhelmingly compelling evidence that points to exactly why people are staying put longer.
In any event, the solution to the lack of housing inventory is massively complex, and it will likely be a slow moving process to reach a point where there is enough housing supply in our region to meet the demand.
In the meantime, there are definitely still ways to make a transition in this market (see my previous blog post), and there are also ways to be strategic with your offer structure to help ensure you win in multiple offer scenarios. As always, I am more than happy to set up a time to meet, and discuss market conditions in further detail, so you can see how all of these moving parts affect your own personal sutuiaton.
Craftsman Renovation
Craftsman Renovation
2956 NE 59th Ave | Portland, Ore 97213
Offered at $849,900 | ML #21053015
4 Bedrooms | 2 1/2 Baths | 3,404 SF
Gorgeous Craftsman renovation; incredible layout on 3 levels. Bright, spacious main floor features indoor/outdoor living, formal dining, office, chef’s kitchen w/island, breakfast bar, pantry & open flow family room. Upstairs 4 beds & laundry, lovely neighborhood views throughout. Basement family/flex room. Private yard with hardscaping, entertainment spaces, established plants, beds & gardens. Modern systems & finishes, built-ins & fireplace, hardwoods & marble. Quality craftsmanship, loving stewardship.
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St. John’s Boomerang
Sarah and Dan were renting in the St.John’s neighborhood when we began their search. While we set the search up to stretch the boundaries of this neighborhood, as we toured in different areas of town it became clear that St. John’s was where their hearts lived and so we continually returned to the possibilities there. Sarah and Dan came into the market clear-eyed about the fact that there are no signs of it slowing and weighed their options with graceful and grounded perspectives. They ended up striking a balance between wanting a home with built-in charm and knowing that opting for more of a “blank slate” increased their chances of success. They landed a home with a perfect combination of the two – room to add character, but with enough mid-century flair that they felt they were not settling for something that lacked charm. But most importantly, they are moving within the neighborhood they are committed to and love.
Totes Adorbs
Totes Adorbs
11243 NE Shaver St | Portland, Ore 97220
Offered at $325,000 | ML # 21379827
2 Bedrooms | 1 Bath | 793 SF
Totes Adorbs! Super cute charmer on an incredible corner lot. Stellar layout features dining room, convenient laundry, indoor/outdoor living and two bedrooms all on one level. Incredible light and garden views throughout. Sweet character; built-ins, gas fireplace, vintage floors. Light, airy park-like setting on a large lot with established beds, garage and storage shed, summer dining patio and fenced yard. Blocks to parks, transit, schools. Welcome home.
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Columbia River Retreat
Columbia River Retreat
330 NE Bridgeton Rd | Portland, Ore 97211
Offered at $439,900 | ML #21628205
3 Bedrooms | 3 1/2 Baths | 2,144 SF
Enchanting retreat on the Columbia River. Views of Mt St Helens, wildlife, seasonal parades & fireworks. Proximity to local cafes & dining, golf course & yacht club. Open concept main floor flows from expansive kitchen w/island & dining room, through vaulted living room w/fireplace and vaulted ceilings. 3 bedrooms, each with a full bathroom. 2 bedrooms & laundry upstairs. 2 private river-view balconies. Oversized garage and ample storage throughout. Wonderful, well maintained community in paradise.
Video Tour
Alberta Arts
Alberta Arts Farmhouse
4624 NE 15th Ave | Portland, Ore 97211
Offered at $475,000 | ML # 21545557
3 Bedrooms | 1 Bath | 1,559 SF
Alberta Arts. Vintage charm throughout; high ceilings, built-ins, woodfloors. Renovated kitchen features new cabs, quartz countertops & sunny nook with breakfast/coffee bar. 2 bedrooms up, 1 on the main. Set off street w/a wonderful backyard; southern exposure, detached garage w/bonus room, parking & gardening spaces. Updated electrical, plumbing, windows, appliances, lighting. Just a few blocks from coffee, noodles, biscuits & mojitos. Nearby parks & transit lines, bike routes & grocery.
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EAGLE EYE
Suzanne and Charles were like a pair of eagles flying over Hillsdale waiting to swoop down on a great option near their daughter’s house! We had passively watched the market for over 2 years as they prepared to sell their home — moving 40+ years of life was a daunting task, but a successful one indeed. Their house sold and they were ready to swoop into the Portland market and claim a new homestead. Shortly after their arrival, the perfect house with amazing views and gardening space hit the market. They set their eyes on catching this outstanding mid-century home on a lovely 1/3 acre parcel and were successful! Congratulations, we are thrilled for you both.
Who said this couldn’t be fun?
Shasta and Joe flirted with the idea of upgrading their current pad last year, but after some initial research decided to hunker back down and do more preparing with plans to start the official hunt in the spring of 2021. Despite the rapid growth in the market and scarcity of options Shasta and Joe were still positioned well. Once the house search ramps up, staying organized is crucial, and with so many forms of communication, this can be difficult, especially around text messages. We have found a simple group thread that avoids text messages getting lost and multiple threads getting started – genius, you say – Nah, but kinda feels that way :). This thread is critical for quick questions, property sharing, and updates, BUT with Shasta and Joe, it also was full of witty banter, hilarious references, and spot-on GIF sends. Their light-hearted attitude was so much fun and will be missed — Congratulations on scoring such a beautiful house.
Elbow Room
Meghan, Luke, and their son were living in a cute as a button home of approximately 700 sq. ft. before they started the house hunt. It takes a particular kind of innovation to thrive in an environment that small, which they certainly did! (As a business owner specializing in quilting, Meghan spent a good deal of time producing beautiful quilts from her kitchen table.) As much as they loved their cozy space, they were ready for a little more elbow room and the search began. With a strong love for vintage homes, Meghan and Luke sought a home with some charm that they could pour their love into and one that would have enough bonus spaces to complement their busy lives. Next week we will hand them the keys to a home triple the size! We can’t wait to see the difference this makes in their lives.
Reed 3-Bedroom Mid-Century
Reed 3-Bedroom Mid Century
4511 SE 34th Ave | Portland, OR 97202
Offered at $449,900 | ML # 21683601
3 Bedrooms | 1 Bath | 1,108 SF
Charming Southeast Mid Century set on a beautiful lot near Reed college campus. Classic layout features upstairs 3rd bedroom, Oak hardwoods, attached garage, dining room & kitchen nook. Updated central A/C, exterior paint, electrical panel, sewer line, and more. Enjoy the generous, private backyard year-round under a spacious covered patio. Blocks from elementary school, groceries, parks, Reed Canyon, local restaurants, transit & bike routes.
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Alameda English
Alameda English
2913 NE 29th Ave | Portland, Ore 97212
Offered at $825,000 | ML #21572072
4 Bedrooms | 2 Baths | 2,660 SF
Gorgeous Alameda English with stellar floorplan. Chef’s kitchen w/sunny breakfast nook, formal dining room, entertainment patio set in private, established yard & garden. Vintage lighting & mouldings, hardwoods & built-ins, updated bathrooms feature tilework, modern fixtures and original charm. Basement family room, office/bonus room, laundry room & storage. Systems updates include Heat Pump, A/C, insulation, radon mitigation, plumbing, electrical & EV charging.
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Climbing Mount Everest
Finding a home that would not eat them alive, provide spaces for a family, and allow Ayala to work from home felt like climbing Mount Everest. We put on our gear, and I was their sherpa. Our climb began in August of 2020, we headed out with hopes of getting to the top safely and quickly, but this mountain grew as we traveled and the journey threw roadblocks we could not see coming in our way. We made adjustments and detours along the way, experienced many disappointments and failed attempts, but we kept putting one foot in front of the other, learning and adjusting with each step. The cold hard truth was that without extra tools, it was looking like they could not compete against uncontrollable forces. This journey was hard but was full of growth, education, and most of all, their AMAZING spirits to make it to the end. I have been a sherpa (aka REALTOR) for 16 years and used every bit of knowledge I have to help them make it and loved being of service to them. On March 3rd they started the descent off this mountain and have arrived back at base camp. Today is a day of celebration for them and me because the home they are getting keys to is AMAZING and will provide many years full of enjoyment instead of years of projects.
Welcome home to your lovely new home, a place to nest and get ready for your first child and maybe someday a puppy too!
Jessica LeDoux
Realtor, Sherpa, Advocate
THE ONE!
Searching for a home when your priorities are so clear and focused still requires a lot of patience and trust. Marilyn and Don knew what mattered — 1) Distance to their daughter and the grandbaby on the way! 2) One level – move-in ready condition. This narrowed our search to a very small radius in an area with a lot of fixers. They knew they would be giving up a lot, but only the basic amenities mattered because achieving the main goal was what was motivating their move. With limited inventory and prices on the rise, this felt like an almost impossible task, but they patiently waited and trusted the home would come, and it did! A home in better condition and with better amenities than they had hoped for — Love and Family was their driving force and trusting that led them to the optimal outcome!
Grit & Persistence Get Amanda and Iain Where They Want To Be
Congratulations to Amanda and Iain!
This transaction was a great example of sticking with it until you get what you want! Amanda and Iain are whip-smart and tenacious, which are the best qualities a buyer could have in this current market.
Jasmine and I love working with first-time home buyers and homeownership is something we want to see for everyone who is interested. We pride ourselves on our initial buyer’s meeting setting up reasonable expectations to empower our clients. By breaking the process into manageable pieces the whole thing makes sense, flows nicely and clients know they will get the home they want.
I appreciate so much how Iain and Amanda kept their eyes on the prize, they didn’t let disappointments slow their roll and, in the end, they made their dream come true! They bought a gorgeous home!
And, as we all know, in real estate, there is truly nothing better than a GREAT referral and I am thrilled that Jasmine was referred to Amanda and Iain by their mutual friends! They are fun and wonderful people and I’m so happy to have worked with them.
Woodstock Victorian
Woodstock Victorian
6824 SE Knight St | Portland, Ore 97206
Offered at $425,000 | ML #21343852
2 Bedrooms | 1 Bath | 1,096 SF | Garage
Lovely Woodstock Victorian featuring vintage character throughout; millwork, woodfloors, high ceilings & covered front porch. 2 bedrooms, formal dining room & generous family room, all on one level. Private yard; fully fenced with re-built detached garage, dinner-party deck, established beds & outdoor shower. Systems updates: Roof, Electrical Panel, Sewer Line, Renovated Windows & Storms, Bathroom Fixtures. Mt Scott Community Center, Portland Mercado, bike routes, restaurants, cafes; all within 10 blocks.
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Classic Richmond Bungalow
Classic Richmond Bungalow
3228 SE 23rd Ave | Portland, Ore 97202
Offered at $550,000 | ML #21662512
3 Bedrooms | 1 Bath | 2,171 SF | Garage
Classic Richmond Bungalow. Gorgeous chef’s kitchen with stone countertops, built-in breakfast nook & tons of storage. Generous bedrooms & sunny open landing upstairs with 3rd bedroom on the main. Vintage details throughout; abundant built-ins, millwork, wood floors & fireplace. Unfinished basement has great potential. Updated systems include; windows, electrical, plumbing, furnace, water heater, seismic retrofit. Fenced garden full of natives & entertainment spaces. Blocks from People’s Food Co-op, New Seasons, coffee shops and dining.
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Education is always KEY!
Marissa and Danny entered the market with determination, but not a lot of knowledge on what is needed to buy a home, so education was so important. They had financing in place, closing costs saved, but did not know 100% what other costs they would incur and the actual dollars needed. Clarifying this piece was critical and they went back to saving. Once ready to re-enter the market the loan product once available to them was gone due to the pandemic, but the months of saving bridged that gap. I am proud to say NO time was lost, every valuable minute of their life was preserved and focused on real efforts to make their dream of homeownership come true. Nearly a year later the hunt was on and it was not an easy path, but every turn added to their knowledge base, empowering them to find an amazing home with more space than they ever thought possible. Congratulations Danny and Marissa, you both are simply the best!
I Sold My House! Now Where Do I Go?
One of the biggest challenges for would-be Sellers in the Portland real estate market, is what to do after you have sold your home. With this quite possibly being the hottest Seller’s Market we have ever seen, it often feels like selling your home is a forgone conclusion — it’s just a matter of how many offers you will get, and how high over your asking price those offers will be. While this isn’t always the case, it certainly stands true that if you price your home appropriately, and you have a solid product to offer, there will be a line of Buyers ready and willing to offer you the moon for your home. But, what do you do next?
Knowing that the market is extremely competitive and challenging for Buyers, many people are nervous about the prospect of selling their current home, simply because they don’t know where they will live once it’s sold. They would love to take advantage of the current market on the selling side, but don’t relish the prospect of having a ticking clock on when they need to find their next home. So, here are three tips for how to make that transition, without feeling the stress of needing to make a major life decision, with a finite amount of time to make it.
- Negotiate a rent-back on your current property — Oftentimes in this market, Buyers are willing to offer any and all terms the Seller is looking for. A question we often get when listing property is, “what do the Sellers need out of the offer?” Negotiating a rent-back would allow you to stay in your current home for an additional 30-60 days after closing on the sale. In some cases, we can negotiate for this period of time to be free of charge. In others, you simply cover the cost of the new owner’s mortgage payment each month. If the Buyer of your home is financing the purchase, their Lender will always have a maximum number of days you are allowed rent the property back from the new owner, so this certainly isn’t a long-term solution. However, it can be an attractive option to at least buy some additional time to begin looking for your next place!
- Find a furnished short-term rental home — While you will likely end up paying more per month than you were paying for your mortgage, a furnished short-term rental property is a great way to buy yourself more time to shop for a home. This allows you to sell your current home, get a pre-approval for your next purchase, and have a comfortable place to live for an extended period of time. By renting a furnished home, you can also avoid the dreaded prospect of moving twice — just store your furniture in a storage unit or Pod, and then have it all delivered to your new home once you find it!
- Purchase your next home before you sell — this option requires you to be somewhat risk-tolerant, along with also being able to qualify for carrying both mortgages simultaneously (for both your current home and your new home). While the amount of time you carry both mortgages will likely be short in most cases, you will still need to be approved by your Lender for both payments. This is by far the most ideal way to make your transition, but is not an available option for everyone. If you are interested in making a move in this market, I would recommend talking with your Lender first, so you can understand whether this is an option for you. Then, we can discuss what the go-to-market strategy would look like for your current home, to ensure you feel comfortable with that process as well!
Whichever route you end up choosing, there will be a certain level of discomfort involved, so it’s wise to spend some time strategizing and preparing, prior to embarking on the journey of selling and buying in this market. This will allow you to feel well-prepared and open to making short-term sacrifices, which will ultimately help you accomplish your goal of finding your next home!
Doesn’t hurt to try!
We had the pleasure of helping Jenny and Will purchase a great home in Alameda when they moved to Portland. While they’ve loved a lot about this home, the characteristically small living spaces of their bungalow were not quite working when their home became the hub for ALL aspects of work, life, and education. They explored ways of expanding their spaces, but that option was not ideal and the idea of moving was hard because they absolutely LOVE their neighbors. On walks, Jenny and Will admired a more expansive craftsman style home on their street that was for sale, but at that time not obtainable. The home was taken off of the market, but when the possibility of moving became a viable option they called us, hoping to learn more about the home and see if it would become available again. This spurred our team into action and we reached out to the former listing agent to see if the seller was still planning to sell and would consider an off market offer. At first this did not look hopeful, but with patience and persistence the conversation started to advance! Immediately after touring this home they knew it was exactly what they wanted and on the same street… this home would be a dream come true for their family! Immediately we presented an off market offer and it was accepted! It was such a delight to hand over the keys to such an awesome family and it was truly an honor to work with these fantastic people again!
Don’t chase the market
Being frugal or conservative are both very sound ways of analyzing huge financial decisions. These characteristics are critical when entering the real estate market, but they also can cause you to chase a growing market. It is important to balance this nature with a broader perspective by not simply analyzing each home fiscally. Home ownership is more than an investment, it is shelter and security. If one can shift their conservative thinking to focus on longevity, the unchangeable elements of a home, and future options within their means, this will inherently protect one’s investment no matter what direction the market goes. This balanced perspective is what our team works diligently to help buyers see because if you purchase a home wisely, that home will provide you with many years and will prevent the feeling of having to move. Instead it will allow you to time your sale in the most optimal market for a return on your investment when the time comes to sell.
Patience is key
Ali and Matt were in the market for quite some time before they succeeded at getting into contract on their new home. As strategic buyers, one of their strengths was being able to walk away from homes that became overly competitive and shot above and beyond their comfort zone. They remained true to themselves. But during their search, the market took a swing upward and they worried they would not be able to compete in any of the locations they sought. So when a home with some rough edges, but all the potential they were looking for popped up in their favorite part of town, they moved confidently and were victorious. Their position was truly strengthened by the expanded knowledge that formed during the searching process and broadened their ability to see potential in the less than shiny. This process is different for everyone and it is wonderful to see buyers in a hyper competitive price range emerge empowered.
The Civic Modern 1-Bedroom
Modern 1-Bedroom Condo at The Civic
1926 W Burnside St #303 | Portland, OR 97209
Offered at $285,000 | ML #21036668
HOA Dues: $297/mo | 694 sf | Deeded parking + Storage
Modern 1-Bedroom at The Civic; a LEED Gold Certified building. Gorgeous unit with East/City views from Juliette balcony. Open floorplan offers cook’s kitchen w/island seating, wood floors, custom lighting and finishes. Unit features; separate laundry closet w/full size washer/dryer, deeded storage unit & parking, 24-HR concierge. Blocks from shops, parks, grocery, cafes. Impeccably maintained unit in the heart of the city.
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Quintessential Grant Park Bungalow
Quintessential Grant Park Bungalow
3328 NE Schuyler ST | Portland, OR 97212
Offered at $799,900 | ML #21072650
5 Bedrooms | 4 Baths | 3,106 sf
Quintessential Grant Park bungalow completely remodeled to the studs in 2018. Open floor plan with marvelous kitchen that will delight your guests. Practical main level living and separate living quarters in the basement with independent exterior entrance, a second master and bonus area in the attic. Lovely covered patio and easy maintenance yard ready to enjoy this spring. Convenient location close to New Seasons, restaurants, Grant Park amenities, library and BCS/Grant schools.
Belmont Townhome
Belmont Townhome
923 SE 34th Ave | Portland, OR 97214
Offered at $459,900 | ML #21198688
2 Bedrooms | 2 Baths | 1,275 SF
Sunnyside-Belmont Townhome; Two-level modern layout features vaulted ceilings, open kitchen with stone countertops, breakfast bar seating, stainless appliances, wood cabinets & tilework. Bamboo flooring, new carpeting, gas fireplace & balcony overlooking the park. Lower level covered patio and fenced yard with pavers, beds & seating areas. Attached garage & off-street parking, ample storage and a full bathroom & bedroom on each floor. Parks, grocery, cafes, shopping, transit, bike routes… in the heart of it all.
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Dad, please come to Portland!
Brian sat in the co-seat of his sons’ purchases and got to watch their aspirations of homeownership come true. We got to watch a great family, rooted in service, help each other. What we did not acknowledge is Brian was also watching how our team works, and our commitment to the people we serve. So when his boys sent him a badass North Portland condo in an attempt to get him closer, he took the bait and when they asked him what he wanted to do next, he replied, “call Jessica”. When he shared this with me I felt joy and appreciation at another chance to help this family. What an honor that we are so pleased to have earned from such amazing people. Welcome to Portland, Brian!
Rose City Bungalow
Rose City Bungalow
3336 NE 63rd Ave | Portland, Ore 97213
Offered at $459,900 | ML #21027412
2 Bedrooms | 2 Baths | 1,915 SF | 5,000 SF Lot
Rose City Bungalow. Expansive layout features open kitchen w/access to fenced yard, high ceilings & covered front porch. Vintage charm throughout; built-ins, millwork, leaded glass, hardwoods & fireplace. 2 bathrooms; one on each floor, large basement family room/office/future. Updates include new insulation, sewer line, furnace, fresh exterior & interior paint. Good yard spaces w/great space for gardening, shed storage, deck for entertaining. Just a mile to Beaumont cafes, shops, amenities.
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We are blessed!
We are blessed to help such amazing people like Juno and Nick. Juno has been a friend since we first picked up weights together at the Refinery. I was a new gym rat, exploring the early morning scene, and instantly felt she would be a great workout buddy. My instincts were right! I have long left the Refinery, and miss working out side–by–side with Juno, but luckily we have stayed in contact, and Juno has followed her instincts to trust the entire team! It has been such a joy to help them navigate the difficult and stressful process of buying and selling a home. If she were writing this, she would say something to the effect that they were needy — as she often expressed this out of concern, but that couldn’t be farther from the truth! We pride ourselves on breaking this process into bite-sized pieces to help focus efforts where progress can be made and worries can be answered. Being of service is what makes this career fulfilling; we would not have it any other way. Education, exploration, and preparation was an enjoyable 1-2 year process with life and covid delaying the start, leading us to concrete plans to enter the market in the spring of 2021 and start touring options as they hit in the New Year. Juno and Nick were prepared, knew what they wanted, and relied on us to make it happen, and this was the perfect balance to deliver success on their first very competitive offer they made. Celebrations are underway as their new house closes, and they head out of town for the debut of their current home hitting the market!
Stellar SE Condo
Stellar Southeast Condo
2301 SE Caruthers St #3 | Portland, OR 97214
Offered at $299,900 | ML #21225969
HOA Dues: $237/mo | 642 sf | Deeded Parking
Stellar southeast condo. Smart layout features generous bedroom with petite patio. Modern finishes; bamboo flooring, tile work, stainless kitchen w/solid stone countertops. Deeded parking, in-home laundry, good storage. In the heart of it all, between Ladd’s Addition & Richmond neighborhoods. Walkscore: 94; cafes, grocery, dining, transit, bike routes, parks.
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Struck Gold!
Grace and Mike began their search with open minds. Though they loved the part of town they were in, they did not want to limit their search to only nearby neighborhoods. They hit the ground running in a highly competitive market, with record low inventory, and explored new areas of town. But when an amazing home (with room to grow!) hit, in the area of town they know and love, they jumped at the opportunity. They had found their dream home, in their dream neighborhood, and with friends close by, instant community. All with plenty of space to start a family someday. Congratulations!
Room to grow
Meggie and Jamie started the hunt right before COVID hit. Like so many, the uncertainty surrounding 2020 made them take a step back to evaluate their next move. Disengaging from the market for several months helped clarify what they were looking for – space to grow into, to garden. Simply put, they were after their long-term dream home. Meggie and Jamie are savvy buyers, with a keen eye for investment potential. This flair for recognizing possibilities and their love for mid-century design led them to an outstanding mid-century home that just needed a little elbow grease to shine. We can’t wait to see the transformations as they make it their own for years to come.
Stars align
Emily and Matt had been touring for some time and were smitten with a sweet home that hit the market in the Roseway neighborhood. The home went pending with another buyer and they continued their search, believing they had missed their opportunity at this dream home. A few weeks into the transaction, the buyer of the home backed away from the sale and Emily and Matt jumped at the opportunity to submit their best offer quickly, before the home was released into the open market once more. Their surety about the home was clear and their offer was accepted. We just had the great pleasure of handing them the keys to their new home! Their story is proof that sometimes staying hopeful about a long shot pays off.
Livability and income potential
Molly was on the hunt for a home she could thrive in with her kids, within a certain driving distance to the primary locations of their lives. Some thoughtful strategy around her desired commute time radius left open the possibility of moving to different neighborhoods in Portland. Molly was also interested in a home with long term investment potential. Sometimes the second you jump into the market the right one hits, and such was the case when Molly recognized the potential in a 1911 Craftsman with an oversized garage, seemingly MADE for an ADU conversion. This home was too good to let slip away, so she played her strongest cards in a highly competitive scenario and it paid off!
Tips for Buying a Multi-Family Home
Purchasing a multi-family home offers a unique set of challenges, when compared to buying a single family residence — especially if you plan on occupying one or more of the units in the multiplex. Given the impact of the global pandemic, there are some additional challenges that buyers will face as well. Outlined below is a (non-exhaustive) list of things to consider and prepare for, if you would like to buy a multi-family home:
- You will likely have to write an offer before seeing the interior — If the multiplex is currently leased, there is a strong chance that all offers will need to be written “subject to interior inspection.” Meaning, you have to submit an offer (and have it accepted) prior to setting foot inside any of the units. This isn’t quite as scary as it sounds, though. If you walk through the units, and are not satisfied with what you see, you can attempt to renegotiate the terms of the offer, or simply terminate the agreement altogether. This type of requirement is usually in place to protect the tenants from having to vacate the premises over and over again for showings. Requiring all prospective buyers to submit an offer (and have it accepted) prior to viewing the interior, helps ensure that only the most serious buyers are being shown the property.
- Occupancy may have some challenges — If the current tenants are signed to long-term leases, any new owner of the property will be required to let those leases run their course. If you plan on occupying one or more of the units, this can provide some significant challenges, as most Lenders will require that you move into at least one of the units within 60-90 days of closing — otherwise they will consider it a purchase of an investment property. If the tenants are on month-to-month leases, they will still have to be given 90-days notice for a move-out date, so it’s important to negotiate all of these terms as part of the initial offer for the property.
- Inspection and Repair Considerations — When it comes time to inspect a multi-family property, there are a few additional things to consider. a) The inspection will likely take much longer than an inspection of a single-family home, and will also cost more. Both of these will of course depend on the number of units in the multiplex. b) The tenants are not required to move their furniture or personal belongings (nor can we make them) for the inspection. This might mean certain areas are not able to be inspected as thoroughly as we might like. c) The tenants are not required to leave for the inspection (nor can we make them), so there is always a chance that they are present for the duration of inspections. d) If repairs are needed, it may be easiest for all parties if these are handled through a credit or price reduction. Coordinating repairs, providing proper notice to tenants and working out access for contractors — that also fits with the tenants’ schedules — can prove quite difficult, so handling these items monetarily is often the most effective method.
- Seek guidance from a Real Estate Attorney — As a Realtor, I specialize in helping my clients buy and sell property. And while I have a loose grasp on a number of the laws regarding tenant’s rights, I am simply not qualified to provide legal advice on those matters. I strongly encourage my clients to speak with a Real Estate Attorney early on in the process, so as to ensure all rules and regulations are properly followed — especially when it comes to taking responsibility for vacating a tenant. It’s 100% worth the financial and time investment to do so. Trying to navigate these topics on your own is just not worth the risk in my opinion.
- The Pandemic Effect — Throughout the last year, there have been a number of eviction moratoriums and temporary rule changes when it comes to tenant’s rights. Having an understanding of which laws apply to the property you are interested in will prove critical for a successful purchase. Again, here is where I would defer to an Attorney to provide the proper guidance, which only underscores the importance of having a solid Real Estate Attorney on your team for this venture.
While this list is certainly not exhaustive of all the things to consider when buying a multi-family home in the Portland area, it’s a good start towards preparing yourself for this type of investment!
Next Stage
3 Key Tips for Relocating to Portland
If you are relocating to the Portland area, and looking to buy a home, here are 3 key things worth considering, which will help prepare yourself for success in this current real estate market.
- Find a place to rent first — the timeline for finding the right home to buy might take longer than expected. Extremely low inventory means there will be less homes to choose from, and the multiple offer scenarios we see regularly might mean you miss on a couple homes before ultimately having an offer accepted. Having a stable, open-ended housing situation in the meantime will take a lot of stress out of the process, and help ensure that you don’t have external pressures that force you to settle on a home that you might not otherwise want to buy.
- Choose a local Lender — Having a Lender with local market knowledge is crucial for your success in this market. Many Lenders are licensed in multiple states, so it might be tempting to work with your Lender from California, or your big bank that you have an established relationship with. While this may seem like the path of least resistance, I have seen too many scenarios in which this type of Lender selection has worked against a Buyer; particularly during a multiple offer situation. Listing Agents and Sellers want to know that the Buyer’s Lender is in-tune with the local market and local appraiser timelines, which will help ensure the deal closes on time.
- Be Open Minded with Location — There are so many great neighborhoods and micro-markets here in the Portland area, and if you are relocating here, you may not be aware of all of them. Oftentimes, it’s helpful to consider the characteristics that you are looking for in the neighborhood that you want to live in. If you have a list of what those things are, I can help identify which neighborhoods might be a great fit! Then, I always recommend spending time exploring those neighborhoods — even spending a weekend doing normal “weekend activities” in the different areas you want to consider. Being open minded is key in this market, as some neighborhoods only have a handful of homes sell in a given month. Eliminating certain areas without giving them proper consideration could mean missing on a great home!
While this list is certainly not exhaustive of all the things to consider when relocating to Portland, it’s a good start towards preparing yourself for a move here!
2020 wasn’t only full of crap!
2020 wasn’t only full of crap!
How to get it done!
In a market of record-low inventory, increasing prices, and fierce competition, Stefan had the right formula to find a home quickly. He put less emphasis on the charm and more emphasis on functionality. The home Stefan found is solid, practical, and on a huge lot. It will provide him with space for roommates, low maintenance, a quarter acre of yard, and an awesome outbuilding. The home truly has it all and Stefan saw that so he dove in, threw down, and scored a fabulous home in a growing NE neighborhood well within budget! Finding a quality home under $450,000 with good spaces and condition in Portland is hard to say the least and Stefan came out victorious!
Family first
Nathan was looking for a home in Sellwood that would be close to family and a great spot for his girls. At Nathan’s price point, homes in Sellwood came with a bit of fixing, but Nathan was motivated and clear on his priorities. He is embracing the idea of future projects, knowing the tradeoff is remaining connected to his community and staying in the best location for his kids. Congratulations Nathan!
The long haul…
Sarah and Charles had been in the market for about two years. At a tough price point in a competitive market and with clear location parameters, their search was about the waiting game. To top it off, they were touring homes exclusively virtually, so being their eyes and ears was our goal. Like many buyers, vintage charm (or the potential for the restoration of charm) was something that was important to them. But, charm at this price point can often mean cramped spaces, awkward layouts, or other hurdles. So, when an older St. John’s home with the open spaces they were missing in so many of the others popped on the market, they jumped. They were not the highest offer, but they wrote competitive terms that created a strong case for them as buyers and they won! It was amazing to tour the home with them in person after so much distance and to see their patience pay off!
Cross Country Move…
Amber and Jared were selling their home out of state and had a limited timeline to purchase their new Portland home, so they were motivated buyers with their eyes on the goal! Amber grew up in Oregon, but Portland has changed so dramatically since her time here that their search was in part about becoming reacquainted with the city and finding neighborhoods that would be compatible with their lifestyle. They were moving from a community they LOVED, so finding a neighborhood that fosters connection was important to them. Luckily, they still have close friends and family in town, and those that know them best pointed them toward the Maywood neighborhood. When they drove down Maywood’s tree-lined streets, busy with neighbors walking and socializing, it simply felt like home.
Masquerade Ball…
Or at least that’s how it felt… Duplex, Triplex, and ADU were the costume themes for this ball, but what lay underneath was non-confirming units, no permits, and much much more. The process involved a lot of researching and educating our client on the risk he would be taking on and the impact this has on value. We do not take this process lightly and our client saw that. As an agent who prides herself on education and helping a client see potential pitfalls, constantly poo-pooing options felt daunting… The search felt like a game of line them up and knock them down UNTIL we came across an amazing property with historic character intact and permits! This home was as it seemed… a place for our client to settle into, that would also provide income. Way to be patient!
Sweet Opportunity ~ SW Palatine Street Lots
SW Palatine Street Lots
Arnold Creek Neighborhood
2 Lots: R164923 & R164924
Asking: $175,000 | MLS# 20196259
Total .97 Acres | Taxes: $1,325
Sweet Opportunity on nearly 1 Acre. Arnold Creek Neighborhood Beautiful Buildable Site a few miles from Lewis & Clark, PCC, the Willamette River and Lake Oswego. Incredible setting near Tryon Creek, Maricara, Loll Wildwood & Kerr Natural Areas. SW Palatine Street Lots back up to undeveloped land. Zoned R20c (conservation overlay)
Fresh Energy!
The stress and anxiety leading up to the election this year was like none other before it. It felt like so much of our future hinged on this election, and I was nervous about whether Americans would vote to restore a sense of competency in the White House. As a Realtor and business-owner, it was such a huge relief to see Joe Biden elected as President; knowing that someone who actually cared about the American people and small business would be running the show. There are so many challenges we will all face as we try to dig our way out of the devastating effects of the pandemic, but for the first time in 2020, it feels like there is light at the end of the tunnel. Congratulations to President-elect, Joe Biden, and Vice President-elect, Kamala Harris!
MID-CENTURY LOVE
Jenna and Jeff loved their mid-century home, but needed more space and wanted to improve their school district. We explored older homes, but nothing gave them the comfort of solid mid-century construction. They were patient, realistic, and open-minded, all of which led us to the perfect storybook home and sale. The sellers were a couple that cared for their amazing mid-century for the past 55 years and were ready to move to a smaller place. Jenna and Jeff were ready to take on the stewardship of this well-loved home and yard (Jeff’s an avid gardener). This experience has been more than they ever expected, both because of the house and the rare opportunity to truly meet the owners.
To Be Young Again
It was so much fun helping Alex and Jessica find their first home and start their life together. They have been married for 2 years, living with roommates as they saved for this. All their hard work and patience to make their dream come true was supported by appreciation, eagerness, and excitement, which I simply found so refreshing and a privilege to be a part of. Now they have a space for their big couch (a couch they bought together and love) and a yard for a new puppy!
A New Perspective
As we approach the end of the year, I always spend time reflecting back on the market for that year — where my business came from, whether I was able to improve my level of service and expertise, and the motivations that inspired buying and selling decisions. This year was markedly different from any previous year for many obvious reasons. As Realtors, we all had to adapt to changes in the way we conduct business — Zoom calls instead of face-to-face meetings, no-contact showings and never-ending supplies of hand sanitizer.
In many ways, the vast reduction in face-to-face interaction was the hardest part to cope with. Building and maintaining solid connections with my friends and clients is one of the most rewarding parts about my career, and being able to spend time together in-person has always been my favorite way to do so.
With that said, the intrinsic gratification of helping a client accomplish their goals seemed to be at an all-time high this year. Many people’s motivation for buying or selling a home this year was predicated on the idea of finding more space. Whether that be for multiple offices to work-from-home, more yard space for spending time outdoors or more space to spread out at home and stay sane, it seemed that everyone was looking for ways to develop a new appreciation for being at home, since all of us were spending so much more time there. And with the heightened sense of anxiety that so many of us have been feeling, there were additional layers of stress added to each real estate transaction.
All of this made things just that much more exciting though, when a client was able to successfully accomplish what they set out to do. And, it helped add some sparks of joy to both mine and my client’s year. I am always so grateful for all my friends and clients who choose to work with me, but this year has been extra special. Thank you all for your continued trust and support!
University Park Craftsman
University Park Craftsman
7311 N Jordan Ave | Portland, Ore 97203
Offered at $559,900 | ML #20094658
4 Bedrooms | 2 1/2 Bathrooms | 1,930 SF
Gorgeous 2019 University Park Craftsman. 4 bedrooms in a stellar layout. Bright, open main floor with office/guest room, chef’s kitchen with island/breakfast bar. Large covered patio & front porch. Amazing master suite with soaking tub & walk-in closet. Hickory flooring, quartz counters, built-ins, fireplace. Laundry up, detached garage, ample storage. Updates: A/C, custom blinds, smart thermostat & doorbell. Blocks from grocery, parks, cafes/dining.
PHOTO SLIDESHOW
Pride of Ownership
A couple of years ago, Paul and Jana started dreaming of finding a more spacious “forever” home. As long time occupants of one of Portland’s historic Craftsmans, they value preservation and knew they were seeking a home with vintage attributes that they could be stewards of for years to come. Part of finding the right place was finding a seller who aligned with these values and took pride in upholding a home’s original character. When they walked into the meticulously maintained Irvington Craftsman that would become their home, it was clear the seller had a kindred perspective and they jumped at the opportunity. Congratulations Jana and Paul! Here’s to safeguarding a piece of Portland’s history.
Beautiful Overlook Bungalow
Beautiful Overlook Bungalow
2125 N Humboldt St | Portland, Ore 97217
Offered at $575,000 | ML #20509684
3 Bedrooms | 2 Bathrooms | 2,234 SF
Beautiful Overlook Bungalow. Covered front porch, brick patio and spacious yard w/natives, trees & garden beds. Open plan layout features family room, dining room & kitchen w/breakfast bar. Upstairs; 3 bedrooms & tiled 2nd bathroom. Bungalow charm; wood floors, french doors, Morso woodstove and basement w/wine cellar & passage to tuck-under garage. Updates include windows, electrical, plumbing… blocks from cafes, dining, grocery, transit, park.
PHOTO SLIDESHOW
Renovated Sunnyside Craftsman
Renovated Sunnyside Craftsman
2212 SE Main St | Portland, Ore 97214
Offered at $675,000 | ML #20545733
3 Bedrooms | 2 1/2 Bathrooms | 2,376 sf | Oversized Garage
Renovated Sunnyside Craftsman. Open foursquare layout with formal entry, chef’s kitchen with custom cabinetry, breakfast bar & french doors to deck, gardens, hot tub. Three bedrooms up with retreat-like bathroom; tilework, skylight, sauna! Vintage details everywhere; millwork & flooring, hardware, high ceilings, covered front porch. Basement family room with bar, bathroom, storage & laundry. Updated systems, oversized shop/garage.
PHOTO SLIDESHOW
New Construction Offers Opportunity
Buying a home in the Portland Real Estate Market can be extremely challenging right now. With the average sale price up 9% from where it was this time last year, and with inventory levels at record lows, the competitive frenzy that is the Portland Market is full of challenges for would-be buyers to overcome. With multiple offers on seemingly every property, buyers have to be aggressive, take risks and be ready to make major decisions within a matter of hours after seeing a home. For some, this can be exhausting and overwhelming, and even cause a sense of burnout when it comes to searching for a home.
For some of my clients, it has caused them to reframe their goals for purchasing a home, and some have begun to look for new construction in the various new communities that are popping up outside of Portland. New construction communities can oftentimes offer an opportunity to purchase a home without having to compete with other buyers; meaning less stress, more time to make decisions and more options to choose from. In many cases, you are able to make upgrades or add customizations as well. Not to mention, all the systems of the home are brand new, so maintenance costs and repairs are kept to a minimum!
Many of these new construction communities are still selling out quickly though, so it definitely pays to know about these communities early. As your resource in the industry, I am constantly keeping a pulse on new construction communities that are in the works, so my clients can be the first to know about them and have an opportunity to see the available inventory!
An Eastside Dream Realized
Buying a home anywhere west of SE 82nd is a tall order these days. Being able to buy a home without any competing offers, is nearly impossible. Congratulations to R&C for being able to find the diamond in the rough, and landing a home in their target neighborhood, without having to compete with any other offers. There are definitely a few projects to get started on right away, but I look forward to seeing how they transform their new home!
The Ultimate Project
Buying a project home is never easy, and it takes a lot of guts to really give something like this a go. To take this step while buying your first home… now that’s a major power move! I am so excited for my wonderful client, Lia, who just closed on the ultimate project house! Lia has all the vision required for a major overhaul, and I can’t wait to see the before and after photos. I just know she will make the most of this, and really maximize the potential of the space! Congratulations, Lia!
Taking the Long Way Home
Congratulations to Dustin, who is closing on his third real estate purchase in the last year! It’s been so great to reconnect with Dustin, who was a long-lost friend from High School. After trying unsuccessfully to buy a property – unrepresented – last year, Dustin gave me a call and asked, “are you still in real estate?” A month later, we closed on the investment property he had been trying to buy. 3 months later, he and his wife bought another investment property! Fast forward to this summer, and they just purchased a new primary residence, while finding a tenant to begin renting their current home. This most recent transaction wasn’t an easy one, and even involved a lender change during the middle of the transaction! But, with some creativity and brainstorming, we were able to pull it all together and make it happen. The extra hoops we had to jump through just make it that much sweeter to finally close! I’m so thankful for your trust, and am grateful to be a part of building your real estate empire! Looking forward to the next one!
Navigating with integrity
A Smooth & Successful Downsize
Congratulations to CJ on successfully downsizing, and finding a nice compact home, with a HUGE backyard for the doggos to run around in! I was thrilled to have the opportunity to work with you, and am happy for you to make this transition! Thank you for trusting me to guide you through the process, and for being willing to really “go for it” to get this great house! Being aggressive with your offer terms can certainly be scary, but in this market, it’s often the only way you will come out the “winner” in multiple offer scenarios.
It takes a village…
When Michele set out to find her new home, it was clear one of her top priorities was community. Having moved to Portland five years ago with her sister and Mom, her sense of familial connection was strong. She had been living with her sister and wanted a home that would support this daily support system and allow her to stay integrated in her nephew Bruno’s life. Moving into her own space separate from this cherished family dynamic was a bitter sweet prospect, until we came across a condo mere blocks from her family! Michele was able to embrace the excitement of having her own space, all within walking distance to those she loves. The village will remain intact! We have such admiration for their powerful family unit and couldn’t be happier for them.
It Only Takes One!
Big congratulations to S&V for purchasing their first home together! This was one of those rare moments, where the first house they saw ended up being the one! Props to the both of them for being decisive, and taking action — in this market, decisiveness is key, and it really paid off.
In my experience, it’s hard for many buyers to get over the idea of there being “something better” out there that hasn’t hit the market yet — especially for first time buyers. I have also learned that often times there isn’t’ something better, and many clients have missed out on great homes, because they aren’t able to be decisive.
Many of my clients have heard me remind them to look for that 85% perfect home, and when it comes along, be ready to take action! In some cases, it’s the first house you see, like this one was for S&V. Congrats to you both again, it was a pleasure working with you!
Second chance Bungalow
Patrick and Quang were out-of-state buyers who jumped into the market initially via a real estate app. In our quick market, the allure of convenience that these apps offer can be enticing. However, big business brokerages with alternative service models are often juggling overwhelming volume and are not always able to provide personalized service to their buyers. Such was the experience of Patrick and Quang and when they toured the perfect Irvington bungalow and made an offer, they were not armed with the leverage of information and strategy in presenting their terms and lost out to the competition. Some Portland friends sent them our way and we were grateful for the opportunity to offer them more engaged representation. As luck would have it, the bungalow they had been after came back on the market and we were able to present an informed, competitive offer that was just what the seller was looking for. We are so glad Patrick and Quang got a second chance at the home they loved!
They Finally Got One!
Congratulations to D&A on finding a great home in Thompson Woods! After a couple of tries in competitive situations, I am so happy to see you find such a great home for you and your boys! The home was built just 2 years ago in 2018, and features an open floor plan with beautiful high-end finishes, 4 bedrooms, 3 baths and tons of natural light! The Thompson Woods neighborhood features newer construction homes built by Arbor Homes, West Hills Homes and Toll Brothers. This particular home was built by Arbor Homes, and features all of the upgrades and detail that Buyers have come to expect from this builder — large open kitchen, beautiful built-ins, high-end finishes and spacious bedrooms. It even has a Smart Refrigerator with a huge touch screen! I am excited to see you settle into your new place, and look forward to seeing your little ones grow up in a beautiful home!
Dream street
When first coming to Portland years ago, Jacq drove down a beautiful NW Portland street, lined with historic homes, and imagined living there one day. As we began touring with Jacq and Charles, there were many homes that seemed like potential options for their family, but when they walked into the gorgeously restored 1906 home on this very street, their excitement jumped to a whole new level. They anticipated finding a place that would work well for them, but the real possibility of inhabiting a house they were ecstatic about was eye-opening and they moved with surety on what is now their new home. Helping Jacq and Charles live their dream was a true honor and pleasure. They are warm, generous hearted people and we couldn’t be happier for them.
Classic One-Level Mid Century
Classic One-Level Mid Century
9930 SW Marjorie Ln | Beaverton, OR 97008
Offered at $349,900 | ML #20434852
3 Bedrooms | 1.5 Bathrooms | 1,236 SF
Classic single level mid-century on nearly 1/3 acre lot, just blocks from park, pool & Progress area amenities; dining, shopping, cafes. 3 bedrooms, 1.5 bathrooms, attached garage, ample storage. Vintage 1950s features; woodfloors, Roman brick corner fireplace & vaulted living room that leads to huge, fenced backyard & covered deck. Entertainer’s layout, gardener’s dream.
See Photo Slideshow
Classic SE Craftsman
Classic Southeast Craftsman
4016 SE Harrison St | Portland, OR 97214
Offered at $625,000 | ML #20434852
4+ Bedrooms | 2.1 Bathrooms | 2,540 SF
Classic Southeast Craftsman with all the razzle dazzle. Fantastic layout, stellar neighborhood, vintage style, solid bones. Original character: millwork, mouldings, woodfloors, built-ins. 4 bedrooms plus office & 2 bathrooms above grade. Finished basement w/high ceilings, family room & 1/2 bath. Full covered porch & back garden deck. Blocks from Hawthorne & Division goodies.
SEE Photo Slideshow
JUST LISTED: Darling Lents Ranch
JUST LISTED: 6134 SE 102ND AVE
6134 SE 102ND AVE, Portland OR 97266
Offered at $319,000
3 Bed | 1 Bath | 943 SF | MLS# 20344559 | Taxes: $3319
OPEN HOUSE: Saturday 8/15 11am-1pm
VIDEO TOUR
Wow! This well-maintained and inviting one level Ranch is cute as a button and lives large! Situated on an oversized lot with a large front and back yard you’ll notice the open feel right away. This home has been carefully maintained with the added bonus of a newer roof, furnace, hot water heater, and double pane vinyl windows!
Entering into the heart of the home is an airy living room with classic hardwood floors, plenty of natural light and a wood-burning fireplace for cozy evenings. Nestled between the living room and kitchen is an excellent dining area, perfect for entertaining and intimate dinners at home.
Flowing easily into a freshly updated kitchen touting new countertops, eating bar, stainless steel appliances, ample counter space, vinyl flooring, new light fixtures, fresh paint, and a lovely garden window.
The layout and flow throughout the home is absolutely ideal for a home of this size. Through the hall, you’ll find three bedrooms filled with natural light and ample closets. Also, a roomy bathroom with double sinks and stylish updates.
There are a generous laundry room and mudroom in the garage for your convenience.
Rounding out the home is a huge, fully fenced backyard with plenty of room to roam and tons of potential! A great space for gardening and outdoor entertaining. And, Fido-friendly too!
The garage offers room for storage and with two full driveways, you’ll have the extra space you need for RV or boat.
This home sits on a quiet street close to multiple parks and offers easy access to HWY 205 and all the shopping the heart of Lents offers.
We get to pick this time!
First Time
After nearly 15 years as a REALTOR®, I still love helping first time home buyers. John and Shannon’s excitement and eagerness to understand the current market was awesome. They took on this competitive market with realistic expectations and an attitude of gratefulness. It’s not easy entering the Portland Market, but it is a privilege, and one they never lost sight of. Way to go!
Jessica
Educator, Advocate, REALTOR®
Empty Nester Plans
Bullseye
One thing Sahar and Tim were certain about from the start was location. We identified their favorite area of town, the “bullseye,” and built the search with this in mind. Because they were in a highly competitive price point, the houses that met the criteria and lived up to their location dreams were few and far between. As the search continued, they began to stretch their initial neighborhood goals. So, when a home they loved (and did not have to compromise on location for!) hit the market, they jumped and beat out some hefty competition. As we dug into inspections on this home, it became clear that the foundation issues were too great to take on. So, they bravely plunged into the market again. Finally, after many bumps along the way, we truly did find “the one” and in their bullseye no less! They kept a level perspective all the way through, which was such a testament to how wonderful they are as individuals and as a couple. It was a privilege to help them find their home
Alberta Arts Bungalow
Alberta Arts Bungalow
4702 NE 20th Ave | Portland, OR 97211
Offered at $499,900 | ML #20421329
3+ Bedrooms | 1 Bathroom | 3,206 SF
Alberta Arts Bungalow. Gorgeous layout with front porch & sunny entry, formal dining room & large kitchen with island & breakfast nook. Vintage mouldings, wood floors, lighting & fireplace. 2 bedrooms & bonus room upstairs. Office, bedroom & renovated bathroom on the main. Private backyard w/patio & natives. Detached garage, updated windows, systems & significant efficiency upgrades. Blocks from Alberta amenities, parks, transit, bike routes.