A little over 4 years ago a most fabulous lady named Claire contacted me to help her purchase her first home. At the time, she was working for a non-profit and while she didn’t have a lot of funds or a high paying job, she did have fierce determination to buy a home. It took a while, and included several grants and first time home buyer programs, but she wound up purchasing the most adorable condo ever that I was listing. My seller on the condo had purchased the condo a couple of years before, and then met the love of her life and they sold the condo to buy a bigger home. Claire wound up buying the condo after a break-up with a former partner. Fast forward 3 years and Claire contacted me again because she had met the love of her life Timothy. Claire had moved out of the condo into a larger apartment with Timothy, and she was ready to sell the condo. I listed the condo and within a couple of weeks got a great offer and a month later she closed on the condo and that chapter of her life. Timothy is a veteran and eligible for a VA loan. I hooked them up with Jennifer Leon over at Umpqua who is fabulous with VA loans and they got pre-approved for a nice sized loan. Off we went to go look at good sized detached houses with 3 and 4 bedrooms in great parts of town.
We spent a solid weekend looking at 10+ houses, and as often happens, they fell in love with the first house we saw. It’s a brand new 4 bedroom home with a legal ADU that sits on the edge of Mt Tabor and has a lovely west facing view. With both of them working from home, this house has plenty of space for a home office and future bedrooms for their hopefully expanded family. And with the ADU on the bottom floor, it provides a great space for a renter or as a space for family to come stay for longer visits once a baby comes on board. After they decided that this was the house they wanted to buy, they got back in touch with Jennifer for a pre-approval letter to go along with their offer, and found at that the interest rate was only 2.5%. TWO POINT FIVE PERCENT! Whut?!? Claire and Timothy had a monthly budget and at that low of a rate, it meant that they could do 100% financing and still pay several hundred less a month then what they had budgeted for. We all had to slap ourselves silly when we found out how low their monthly payments would be- even with zero down.
We wrote up the offer, had it accepted, went through inspections and with the exception of a very unexpected find of an abandoned oil tank on a property with new construction, (that thankfully had not leaked) sailed through the transaction. A little more then 3 years after I handed Claire her first set of keys to her very first home, I had the privilege of handing over the second set of keys to an even bigger and better home.
Way back in May- just barely into the pandemic, my buyer Elizabeth contacted me to see about working together. She picked me because my profile photo has me holding my Italian Greyhound pup, Pinto, because Elizabeth also has an Italian Greyhound mix pup named Whiskey. She gave me the basics of what she was looking for, but what was really important was to be in her own home by election day. Given it was only May, that seemed like an achievable goal.
Five years ago I helped my clients purchase this great 3-bedroom home in Cully at 6001 NE Milton St.. Earlier this year my clients contacted me because they love the Cully neighborhood and were super intrigued by a new co-housing development being built by Orange Splot, called Cully Green. After doing their research they decided that they wanted to sell their home and buy a new home at Cully Green. And then the pandemic happened. But thankfully by the time they were ready to sell their home, we had figured out all the protocols for handling sales. We listed the home, got a great offer, and they just closed on selling this one. Next week- on to buying the new house in Cully Green!
Houses with the sunburst pattern in the siding over the front porch are special and this Irvington home with the sunniest of siding is no exception. My buyers recently moved up to Portland to be closer to family and after a couple of months of looking for the ONE, they found it here. Because it’s a special house, of course it had 3 great offers. My buyers were the first to write on the house, and when it came time for the sellers to choose which offer they would accept, thankfully being first offer in was a big point in our column. Congratulations to my buyers on getting the first and only house they wrote on!
I helped my buyers Brooke-Lynn and Ivan sell their classic mid-century in Rose City Park back in March. They loved their old 2 bed 1 bath home, but were ready for something bigger and in closer-in NE Portland. When they sold their home they had multiple offers and were able to get a buyer who gave them 2 months of rent-back. Once late May came around, they still had not secured their next dream home, so off they went to stay at friends houses, then AirBnB’s.
Lisa and Matt and their 4 year old son had been renting an apartment in Irvington and were ready to branch out and buy their own home. Their needs were pretty simple- at least 2 bedrooms, cute/vintage, reasonable condition, a yard to play and garden in and relatively close to where they had been renting in inner North/Northeast. And a basement would be the cherry on the top. We looked at a few homes and even a condo that was a condo conversion from a 1960’s complex that was similar to what they had been renting. We found a great home that met all their needs within a few days. A house that had been sitting on the market with no action for nearly 3 weeks. We wrote up a great, full priced offer, and what do you know- someone else decided that day to put in an offer as well. The house seemed to have some condition issues and the other buyers offered a 2-week close, meaning it would be nearly impossible to negotiate repairs, let alone have any repairs done, prior to closing. So when Lisa and Matt’s offer was not accepted, there was a little heartbreak which was quickly dealt with via some condolence vermouth. But then, the very next day, a cuter-then-a-cupcake circa 1940 bungalow came on the market in Piedmont. We went to see it and I could tell my buyers were in love. Given it was cute, well priced, and in a fabulous location, it did receive multiple offers and Lisa and Matt were able to beat the other offers with a super clean offer and a small escalation clause. The inspection revealed a few issues including the need for a new roof, furnace and other old house stuff that was past it’s useful life. Thankfully the sellers were great and we were able to negotiate a fair credit amount and a small price reduction to account for the work needed. And then my favorite day in the whole transaction arrived- closing and key day!
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.
My buyers Shay and Mike contacted me in mid-April, about a month into quarantine, and a couple of weeks after my last pre-covid transaction had closed. They were living in a rental, had a 2 year old and were pregnant with their second child. Shay had just started a new job but due to Covid she had never even been into the office of her new company. They figured with the second kid on the way, now was as good a time as any to find a new home. They had just gotten pre-approved in mid-April one month into quarantine. We had no idea what the Portland market was going to do. Everything had come to a stand still in real estate and we as a collective body of real estate agents did not know how long the pause would last. Would it be for a couple of weeks? A couple of months? Forever?
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.
Josh and Evayn were referred to me by some great past clients of mine. We met for the first time via Zoom and we talked about the current state of the market and what to expect as a home buyer looking to purchase a home in close-in North or Northeast Portland. I explained how despite the pandemic, real estate was as busy as it’s ever been with nearly every good house getting multiple offers and almost always going over asking. Having caught them up to speed on the state of the market they were prepared for the worst, or at least prepared that it might take a while before they found the perfect house and had an offer accepted. We discussed what they were hoping to find, and they mentioned that they had seen a house listed in Overlook that seemed to check all their boxes. It had just gone pending so unfortunately that was off the table as an option. Or was it?
Kat was referred to me in mid-May by a former client of mine, about two months into the pandemic. Like a lot of first time home buyers, being home all the time with roommates while also running a business had lost a lot of appeal after two months into Covid. Kat is an artist and has developed a successful business selling dice for role playing games and was looking for a cozy vintage home that also had a large enough space to move her business operations into. She also wanted to live as close-in as possible. We looked at a few houses to give her a feel for what was on the market, and nothing was close to ringing her bell. And then like magic, the perfect little 1910 bungalow with a nice front porch and porch swing on the back porch popped up in Creston-Kenilworth. It is sweet as a bell in the sunshine with high ceilings, a true to period re-done kitchen and bathroom and vintage charm galore. And the basement set up is perfect for running her business out of with an outside entrance that will allow her sweet pooch to run in and out of all day long. Like a lot of houses listed these days, it was unfortunately listed under market. In this frenzied market, even buyers with great down payments, over asking offer amounts and fantastic terms are having to write offers on multiple homes before one sticks. I had prepped Kat for this, and so we wrote up a really strong offer and then just bit our nails while we waited for the seller to review the 7 offers they received. Thankfully they did select Kat’s offer. A home run on the first hit for Kat. The sellers had done all the hard stuff so the inspection went well and a month after her offer was accepted, I got to meet Kat at the house to hand over keys.
If you are curious about the market in these times, or are looking at buying or selling now or down the road, I am happy to chat over some socially distanced coffee or tea. Let’s connect!