We would be honored if you clicked through to nominate us for BEST OF PORTLAND Realtors! ADD IN: ARYNE + DULCINEA, LIVING ROOM REALTY
Continue reading “REAL ESTATE NEWS: WE WOULD LOVE YOUR NOMINATION!”
Midterm rentals are properties rented for more than 30 days but less than a year. They are gaining attention as a smart investment strategy for homeowners and investors. These rentals have become more popular in recent years because they can bring in good money, even in today’s challenging housing market.
Midterm rentals fall between short-term rentals (like Airbnb) and long-term rentals (leases for a year or more). These properties are rented for months at a time, often to people who need a temporary place to stay but not for just a few days. Midterm rentals became even more popular during the pandemic when many cities put rules on short-term rentals.
Midterm rentals work well for:
Midterm rentals can make more money than long-term rentals. This is because people staying for a few months often pay more than those who sign a year-long lease. Plus, midterm renters are usually professionals or families, so they tend to take better care of the home.
Unlike short-term rentals, midterm rentals don’t come with as many rules and regulations. This makes them easier to manage. Since people are staying longer, there are also fewer cleanings and turnovers, which saves time and money.
Homes with 1-2 bedrooms are often the best fit for midterm rentals. This is because most midterm renters are single travelers, couples, or small families. A two-bedroom home where one room can be used as an office is also popular. Midterm renters look for places that are comfortable and well-kept, but the home doesn’t need to be fancy.
The best places for midterm rentals are cities or towns with:
Examples of Good Markets: Cities like Seattle and Nashville are popular, but smaller towns and rural areas with business hubs can be great options too. Check if there’s demand by looking at how many hotels or other rental options are in the area.
Yes! The midterm rental market is still growing and not as crowded as short-term rentals like Airbnb. Experts say it’s like how short-term rentals were in 2012, which was a great time to get started. By investing in midterm rentals now, you can build experience and get ahead as more people find out about this type of rental.
Tips for Starting:
If you’re interested in exploring midterm rental opportunities in Portland, I’d love to help! Whether you’re looking to invest or simply learn more, I can guide you through the process. Schedule a time to chat with me using my link, and let’s discuss your goals and options.
This is hands-down the most common question I get as a realtor:
“So… how’s the market?”
It usually comes up during small talk at a backyard BBQ, in the checkout line, or really anytime someone finds out I’m in real estate. It’s almost always the second question after “What do you do for a living?” And honestly—I get it. It’s such a fair question.
But the real answer? It’s never as simple as “it’s hot” or “it’s slow.”
(Warning: if someone gives you a one-liner answer, you might want to pause and dig deeper…)
So, I thought I’d take a moment to share what I actually think when you ask me how the market is. Because the truth is—it depends. The market shifts based on who you are, what your goals are, and where you are in life.
Remember the 2020–2021 market frenzy? Buyers were submitting offer after offer, competing against 15+ others. It wasn’t uncommon to see inspections waived, offers coming in $100K over asking, and buyers covering $25K+ appraisal gaps.
Sure—buyers who locked in at those low interest rates are sitting on gold when it comes to financing. But I’ve also worked with some who’ve had to sell just a year or two later due to life changes. And they’ve definitely felt the sting of what it took to get their foot in the door back then.
Think of the market like a farmer’s market (stick with me here):
Some people are shopping for produce.
Some are selling candles.
Others are just strolling to see what’s out there.
So if you ask someone, “How’s the market?” at a farmer’s market, the answer depends—are you buying? Selling? Browsing?
It’s the same in real estate. The market feels totally different depending on your role. That’s why we hear terms like “buyer’s market” or “seller’s market”—because no market is inherently good or bad. It just depends on the opportunities available and who’s stepping into them.
Even within the same category, experiences can vary widely. A first-time buyer using their savings for a down payment is playing a very different game than an empty-nester selling their long-time home and downsizing. Same market, totally different approach.
When someone asks me how the market is, here’s what I really look at:
Inventory – How many homes are actually available that fit your needs?
Days on Market – Are homes flying off the shelf or sitting for weeks?
Buyer Demand – Are people showing up to open houses? Making offers?
Interest Rates – What impact are they having on affordability and decision-making?
But more than numbers, I think about the real conversations I’m having every day.
Like the couple who didn’t think they could buy this year—until we got creative and made it happen. Or the seller who was nervous their home wasn’t competitive, but with the right prep and pricing, it sold quickly and for a strong price.
Here’s what I’ll say:
As of early 2025, the market in Portland (and surrounding areas) is shifting—but not stalling.
Well-priced, turn-key homes in desirable locations are still moving quickly—often with multiple offers.
Buyers are more intentional and strategic now. (No more wild, FOMO-fueled offers.)
Homes that are sitting? Usually those priced with 2021 expectations, where sellers haven’t yet adjusted to today’s more balanced market.
Sellers who are prepared, willing to put in a little work to present their home well, and patient with the process—are still winning.
There’s real opportunity right now, especially if you’re willing to think creatively about homes that have been sitting a little longer.
But again—it all depends. On your timing. Your budget. Your risk tolerance. Your goals. And what’s happening in your life.
When someone asks, “How’s the market?”
I’ll usually respond with: “It depends—what’s got you curious?”
Because I don’t just want to toss out stats and blanket statements. I want to help you understand what the market means for you. And give you real information that actually supports your decision-making.
If you’re even thinking about a move this year—or just curious what your options might look like—let’s talk. No pressure. I’m always happy to be a sounding board, a resource, or a second opinion.
Let’s make the market make sense for you.
Your friend & Realtor,
Sofi
Hey Portland home enthusiasts! I’m here to demystify the world of septic tanks for you. Let’s dive right in!
A septic tank is essentially a personal waste management system, a great alternative to the public sewer. It’s a passive strategy to separate floatable matter and solids from the wastewater that exits your home. The system comprises the tank itself and a drainage field. The tanks come in various sizes, accommodating different occupancy levels based on their storage capacity.
A well-maintained septic tank can last a long time, requiring cleaning every 5-7 years and annual filter maintenance. It’s not just about longevity; it’s about fostering an environmentally friendly and cost-effective waste management solution.
While septic systems are eco-friendly and generally more affordable than sewer lines, they come with responsibilities. You need to be mindful of what goes down the drain to avoid system clogs and ensure regular maintenance to prevent drainage issues.
During a home transaction involving a septic system, it’s vital to locate, clean, and inspect the tank. This process, which can involve various costs, ensures the system is functioning correctly and helps identify potential issues that might affect the transaction.
If issues arise, they generally involve the tank or the drainage field. Solutions might include installing a new tank or drainage field, or hydro-jetting to improve drainage. These repairs can be substantial, ranging from $10-20+k, emphasizing the importance of a thorough inspection during the home buying process.
If fixing the septic system isn’t feasible, connecting to the public sewer is an alternative, albeit a potentially costly one, depending on the proximity to the public sewer line.
Understanding the state of a home’s septic system is crucial when buying a home. It’s a significant aspect that can affect your home buying experience, and being well-informed can aid in making the best decision for you.
Dive into the video for a deeper dive into this topic!
Got questions or need advice on septic systems in your home buying journey in Portland? Feel free to reach out at 
503-303-0822 or 
hello@agentlivinginpdx.com. Let’s ensure your new home’s septic system is not a drain on your resources!
Oh Hello! — Thinking about buying your first home in the Portland Metro? I’m so glad you’re here!
I know this process can feel overwhelming (hello, endless housing market updates and what even is escrow?!), but it really doesn’t have to be. As a Portland real estate pro (6 years, hard time), I’m here to help you navigate it all—without losing your mind or your chill.
The Portland housing market is doing its thing—it’s Spring and it can be competitive, a bit spendy, but not totally out of reach. Median prices for Single Family Homes are hovering around $535K, and new listings are selling anywhere from 5 – 25+ days. Not as wild as it was a few years ago, but you’ll still want to be ready to move when the right place pops up.
Here’s the stuff you’ll want to square away:
Portland has some solid programs to help first-time buyers. One to check out: the Down Payment Assistance Loan (DPAL). It’s basically a second mortgage with terms that can help you buy within city limits. There are also homebuyer education classes that can make the whole process feel a lot less overwhelming.
Pro tip: These programs sometimes have income caps or waitlists, so the sooner you look into them, the better.
Spoiler: right now isn’t a bad time. Spring is when the market starts heating up with new listings, and the earlier you’re pre-approved and prepped, the better positioned you’ll be when your dream home shows up.
We’ll make a plan based on your timeline, your must-haves, and your budget—no pressure, just smart strategy.
That’s where I come in. Whether you’re just starting to explore or you’re ready to book showings, I’m here to guide you through the entire process—from getting pre-approved to getting those keys in hand.
I’ll help you:
Buying your first home is a big deal—but it doesn’t have to be a meltdown moment. With the right plan, a little guidance (hi, that’s me), and maybe a coffee or two to fuel your house-hunting weekends, you’ll find your cozy corner of Portland and a home that fits your lifestyle and your budget.
If you’re thinking about making a move this year, let’s talk. I’m here to answer questions, brainstorm next steps, or just be your calm in the real estate storm.
No panic. No pressure. Just progress.
Send me a message when you’re ready—I’ve got you.
An HOA, or Homeowners Association, is an organization in a subdivision, planned community, or condominium building that makes and enforces rules for the properties and residents. When you purchase a property within an HOA’s jurisdiction, you automatically become a member and are required to pay dues, commonly known as HOA fees. These fees contribute to the upkeep and maintenance of common areas and sometimes cover utilities like water, sewer, and trash.
HOAs typically cover the maintenance of common areas, which can include landscaping, pools, and recreational centers. They may also cover certain utilities, though this can vary. For example, in the Mountain Park area, there are separate HOAs for specific building complexes and an overarching HOA for the entire area, providing amenities like a pool and a rec center.
Special assessments are additional fees that can arise when the HOA’s reserve funds are insufficient to cover major repairs or improvements. These assessments are usually paid on top of your regular HOA fees and can significantly impact your budget. It’s crucial to be aware of potential special assessments, especially if the property is older and may require more extensive maintenance.
When purchasing a property with an HOA, be prepared for an HOA transfer fee, typically ranging from $200 to $1,000. This fee can vary widely depending on the specific HOA.
In Oregon, there isn’t a large governing body overseeing HOAs, so it’s essential to thoroughly review all HOA documents. Here are the five key documents you need to examine:
While reviewing these documents, consider hiring a company like CID Analytics. They offer a service similar to a home inspection but for HOAs, providing a detailed report on the HOA’s health and potential issues. This service costs around $600 and takes about five business days to complete.
Understanding the role and impact of an HOA is crucial when buying a home. By reviewing the necessary documents and considering both the benefits and drawbacks, you can make an informed decision that suits your needs and lifestyle.
For personalized advice, you can schedule a free strategy session here. Also, check out my Free Buyer’s Guide to help you navigate the home buying process.
Watch the full video on Understanding HOAs: What Every Homebuyer Needs to Know.
Meet Sofia Gallamore
Spring is a time for embracing fresh change and planting seeds. In the world of our team, this has meant a bright new addition, the wonderful Sofi!
Sofi will be our buyer specialist. She is patient and data-driven. Her low pressure guidance, groundedness, and passion for community align perfectly with our team ethos and we know she will add even more strength and insight to the buying process for our clients. We couldn’t be more thrilled to be working with her and can’t wait for you to meet her!
Our Team: A Collective Force
“Synergy” is a word that gets thrown around a lot in business, and for us, this truly has been one of our wholehearted intentions in building a team that can serve clients at the highest level. We elevate each other and together provide well-rounded and powerful advocacy for our clients.
Clients come first—always. We are more dedicated than ever to empowering people throughout their home buying and selling journeys. Thank you to our wonderful clients for inspiring us and reminding us why we do what we do. Whatever you need, we’ve got you.
|
|
|
What we discuss:
We may be having “fake Spring,” weather-wise, but the Portland Metro Spring Real Estate Market seems to already be in full swing.
While we saw multiple offer situations continue to happen throughout the fall and winter on the most sought-after homes, we now are seeing the average home get at least one offer in the first weekend and a higher probability of multiple offers.
A whole lot more opportunity than you have seen in years. We were already predicting a strong market this Spring due to pent-up demand from buyers and historical trends (Spring is always busy). But this year, we are already starting to see those predictions come to fruition, and it’s not even March.
If your home is well-prepped, priced strategically, and marketed well (I take care of this aspect), you can likely expect great results.
However, keep in mind that while buyer demand is higher, buyers are still dealing with high interest rates, so they will have big expectations when it comes to the quality and upkeep of a home.
But with the right plan in place (which I can help you create), the possibility of getting you multiple strong offers on your home is there.
If what I have said above freaks you out at all, take a deep breath. While the market has become more competitive again, with the right plan and expectations, we can find you an amazing home, and the process can be quite seamless.
In this market, it is just going to be ever important to be super clear on your budget and comfort level when viewing properties and writing offers.
We will also want to keep a close eye on the data of properties similar to the ones you are interested in. If we see a home that was listed in your budget, sell for outside of your budget we will know to avoid homes like this as to not waste your time and cause heartache.
It will also be helpful to collect this data as it can help us know where we can compete when it comes to offers. In a market like we have now, I often recommend looking at homes well below your budget ($10-50,000 under, depending on some factors). That way, you have room to offer up and are in an empowered position.
Buying a home in a hot market is not always simple, but it doesn’t have to be complicated or stressful.
Hey future homeowners!
Ever find yourself stuck in a loop, analyzing every little detail while hunting for your dream home? Well, I’ve got a golden rule to share with you that might just be your game-changer: The 85% Rule. Let’s dive into it!
In the home-buying journey, it’s easy to get caught up in the whirlpool of options and details, leading to what we call ‘analysis paralysis’. This is where the 85% rule comes into play. It’s a simple yet fantastic rule to guide you in making decisive actions.
The rule is pretty straightforward. When you’re looking at potential homes, aim for one that meets about 85% of your criteria. Yes, it doesn’t have to tick every single box on your list.
Here’s the thing, finding a home that has 100% of what you’re looking for is like finding a unicorn – it’s a beautiful thought but nearly impossible. Even those who have had their homes custom-built find themselves wishing for changes five or ten years down the line.
Remember, it’s absolutely okay for a home not to be perfect. What matters is that it’s perfect for you at this moment in your life. The small imperfections? They are opportunities for you to add your personal touch down the line.
So, the next time you find yourself stuck in the home-buying process, remember the 85% rule. It’s not about settling for less; it’s about embracing a home that meets most of your needs and holds the potential for you to make it truly yours over time.
Reach out to talk further now!
Call Me – (503) 303-0822
Email Me – hello@agentlivinginpdx.com
Much of my value as a real estate professional is delivered through coaching and educating my clients. It brings me joy to witness my clients’ confidence blossom as they gain the tools and knowledge to navigate the intricacies of real estate. Below, I’ve outlined and defined the basic elements of understanding real estate market activity and its patterns.
I hope you gained some insight from these points and have a clearer understanding of the nuances of real estate market data. If you have any questions about Portland’s current market and what opportunities are out there, please reach out! I’m happy to have a zero-pressure exploratory conversation to see what makes sense for you (even if that means staying exactly where you are!).
Your friend & realtor,
Sofi
Are you considering houseboat living in Portland, Oregon? If you love the water and crave a unique living experience, houseboat living might be the perfect fit. In this guide, we’ll explore what houseboat living entails, the pros and cons, and help you decide if it’s the right choice for you. Let’s dive in!
A houseboat is a boat designed or modified to serve as a home. While many houseboats are stationary, some are mobile, allowing for the freedom to move to different docks as desired.
Only you can decide if houseboat living is the right fit. Here are some factors to consider:
Houseboat living offers a unique and flexible lifestyle, but it’s essential to weigh the pros and cons carefully. If you value mobility and waterfront living, it might be a great option. However, if you’re looking for a traditional home that appreciates over time, you might want to explore other options like condos or townhouses.
If you currently live on a houseboat or have experience with this lifestyle, I’d love to hear your feedback!
Watch the Full Video: Houseboat Living in Portland, Oregon | Real Estate Guide
If you have any questions about buying a home or need more personalized advice, feel free to reach out to me. Connect with me on YouTube, Instagram, or Facebook.
For a more detailed consultation or to get started on your home buying journey, schedule a free strategy session here. You can also access my Free Buyer’s Guide to help you through every step of the process here.
When I first started my real estate journey here in Portland, I knew I wanted to do things differently. The idea of cold calls and hard sales never sat right with me—what excites me most is connection. I didn’t just want to help people buy and sell homes; I wanted to create a space where folks feel seen, heard, and supported in one of the biggest decisions of their lives. And for me, that meant focusing on relationships over transactions.
Instead of chasing leads, I put my energy into bringing people together. Whether it’s a casual coffee meetup, a homebuying Q&A, or a backyard BBQ, I’ve found that meaningful connections grow when there’s no pressure—just good conversation and a shared love for community. Real estate can be overwhelming, especially for first-time buyers or those who’ve had less-than-great experiences in the past. My goal is to make the process feel approachable, empowering, and (dare I say) even fun.
One of the most rewarding parts of this journey has been seeing my business grow through word-of-mouth. When past clients, friends, and neighbors recommend me to their people, it’s the ultimate compliment. It tells me I’m doing something right—not just in helping people buy and sell homes, but in making them feel comfortable, informed, and supported along the way. Portland’s real estate market can be intense, but having a trusted guide who genuinely cares makes all the difference.
As a queer real estate agent, I know firsthand how important it is to work with someone who understands your lived experience. Whether it’s navigating financial institutions, dealing with outdated assumptions about what a “typical” homebuyer looks like, or simply wanting a safe, welcoming space to ask questions, I strive to be that person. Everyone deserves to feel confident and respected in their home-buying journey.
If you’re thinking about buying or selling (or just want to nerd out about cool old houses over coffee), I’d love to connect. No pressure, no sales pitch—just a conversation about what home means to you. And if you know someone looking for a home in Portland who would vibe with my approach, send them my way. My business grows through community, and I’m so grateful for every introduction that allows me to help more amazing folks find their place in this city.
Looking forward to meeting you—at an event, over a drink, or just out in the world. Let’s build something together. 
Photos from our Valentines day event.
Thinking of putting your house on the market this spring? Getting a head start is key! Here are the top four things you should be doing now to prepare to list your home and make the most of your investment.
This is more than just a quick tidy-up or donation drop-off. Go through your belongings and seriously consider donating, selling, or tossing anything you don’t plan on taking with you to your new home. Walls, closets, drawers, shelves, declutter everywhere. Pack away collections, personal photos, knick-knacks, books, and out-of-season clothes. Remember to declutter outside your home too!
If you have a lot of stuff, a self-storage unit or moving pod might be the way to store your things. Otherwise, neatly stacked bins and boxes in the garage, closet, basement, or shed are acceptable.
Ideally, moving out and having your home professionally staged will command the highest price. If that’s not feasible, minimizing visual clutter and the sheer amount of stuff in your home is the next best thing.
Whether you hire professional cleaners or roll up your sleeves and do it yourself, a deep clean is essential. A sparkling clean home sends a message to buyers that the home has been well-maintained, even if it lacks trendy updates or professional staging. A clean home sells faster and for more money – and it only takes elbow grease and time.
Now’s the time to finish those halfway-done home projects! Fill holes in the walls, touch up chipped paint, clean the gutters, service the furnace and AC, fix that wobbly doorknob, replace burnt-out light bulbs, repair the fence, pull weeds, and generally tidy up the yard. You can hand over a punch list to a handyman or tackle these tasks yourself.
But Wait! Before doing any big, expensive projects like painting the entire house, refinishing floors, or replacing the roof, deck, garage doors, or windows, talk to your real estate agent. They can save you money! Sometimes these projects aren’t necessary, don’t need to be done before listing, or can be accomplished more affordably.
Your agent is your best resource. A full-service agent, like yours truly, will help you plan and prepare your home for sale. Many sellers think they need to do more or spend more than they actually do. Meeting with your agent early allows them to create a customized “to-do” list specific to your home. They can also advise you on whether staying in the home while it’s listed, or selling, buying, or moving out first is the right strategy for you.
Real-World Savings Example:
I recently helped clients save over $20,000 preparing their home for sale. They initially thought they needed a new roof, but after getting bids, I advised them to wait and see if it came up during the inspections – they did and the buyer only requested a small repair, not a full 10K replacement! They also had bids of $10,000-$15,000 for repairs and exterior painting. My recommended contractor did the work for just $4,000 and even allowed them to pay through escrow at closing. I also arranged a cleaner and stager and coordinated the repairs while they were out of town to make it less stressful for them. They initially thought they had to sell before buying and stay in the home while it was listed. I connected them with a special cash loan program that allowed them to buy first, move, and then sell. I sold their vacant and staged home in just six days for $10,000 more than they would have otherwise received.
If you’re thinking about moving this spring, start working on this list now! Call me today to begin planning your move!
Mel Marzahl, Oregon Broker
503-443-5382
mel@livingroomre.com
Buying a home is exciting, but inspections can be nerve-wracking. To make sure your investment is sound, understanding the inspection process is essential. This guide breaks down what an inspector does, how to read inspection reports, and how to tell major issues from minor ones. Let’s explore what you need to know to approach your home inspection confidently.
A home inspection is like a comprehensive health check-up for a property. Most inspections are performed by general inspectors who identify red flags in a home’s structure and systems. If needed, they will suggest that you consult a specialist for further evaluation, such as an electrician or plumber.
Think of your inspector as a general practitioner. They look at everything broadly and point out areas that need more attention. For example, they might notice an issue with plumbing, but only a licensed plumber can evaluate the severity and cost.
In the Portland area, buyers often encounter several types of inspections. Here’s what you should know:
Inspections often reveal issues. Understanding what’s critical versus cosmetic helps you navigate this stage smoothly. Here are common findings:
During your inspection, certain systems deserve special attention:
Inspections often open the door for negotiations. Major issues, like a damaged roof or significant plumbing problems, can become points for discussion. However, don’t expect sellers to cover cosmetic upgrades or major remodels. Those responsibilities typically fall to the buyer.
A home inspection report can be overwhelming, but it’s an invaluable resource for understanding your investment. Prioritize issues based on their urgency and importance. Remember, every home, whether new or old, requires maintenance. Setting aside part of your budget for repairs and upkeep can help you manage these expenses smoothly.
Have questions or need help navigating the home-buying process in Portland? Reach out anytime. I’m here to ensure everything goes as smoothly as possible.
For more insights, watch the video: Navigating Your Home Inspection: Key Areas to Focus On
Relocating to Portland is an exciting but complex process. The housing market in Portland is competitive, and navigating it from another afar requires a solid strategy and a supportive team. Here are four essential tips to help you successfully buy a home in Portland from out of state.
1. Hire with a Portland Realtor Who Specializes in Relocations
Your first step to relocation success is to find a realtor partner who is experienced in helping out of state buyers transition to Portland can make a huge difference. Look for a real estate agent who:
You will need to have a Buyer Broker Agreement in place prior to touring properties. The Buyer Broker Agreement (or BBA) is your tool to hire a realtor; it outlines your working relationship and allows your realtor to get to work on your behalf.
Portland’s real estate market can be fast-paced and competitive; preparation is key:
If at all possible, schedule a trip to tour homes in person. Photos and videos often don’t do properties justice. Your realtor can only convey so much about the “je ne sais quoi” of a property.
To make the most of your visit:
When relocating to Portland from out of state, it’s important that you and your realtor are aligned on your wants & needs. If your search parameters are too broad, it can be difficult to know when you’ve found “the one.” Your agent can tour on your behalf, answer questions you have about the property/neighborhood… but only you know whether a home is truly right for you.
If your search criteria is scattered and you find yourself drawn to properties across the entire metro area, in a wide range of styles or price points, or in all kinds of conditions (fixer, new, renovated, etc.)- it might be a sign that you need to visit in person to narrow your wants & needs.
In Portland’s highly competitive market, homes often go pending days. Decisive action might mean submitting an offer sight unseen, or getting on a flight so you can see a property in person.
Relocating to Portland requires careful planning and the right real estate team. By working with an experienced relocation realtor, understanding the market, strategically exploring homes, and acting quickly and decisively, you can make a confident and successful purchase.
Ready to start your home-buying journey? As a 20-year resident of Portland, I love helping out of state buyers find their perfect place to land. I work with lots of relocation clients, and would love to hear more about your home hopes & dreams. Reach out today!
Buying a home involves several key players, each with a unique role. In this blog post, I’ll walk you through the major roles in a real estate transaction, what they do, and how they help ensure a smooth process. Whether you’re a first-time buyer or an experienced investor, understanding these roles will give you the confidence to navigate your home buying journey.
First and foremost is your real estate agent. Think of your agent as the project manager of your home buying process. Their job is to guide you from start to finish. Here’s what you can expect from your real estate agent:
Next is the lender, who plays a crucial role in securing the financing for your home. They will:
It’s essential to work with a lender who communicates effectively and who you can trust. Poor communication can jeopardize your transaction.
The escrow officer or title company acts as a neutral third party in the transaction. Their responsibilities include:
Home inspectors are like the primary care doctors for your new home. They meticulously examine the property to identify any potential issues. Key tasks include:
Appraisers assess the value of the home to ensure the lender is not over-lending. They are a neutral third party and you won’t have much direct contact with them. Their role is crucial for:
Home insurance is mandatory when buying a home. An insurance agent will:
Additional roles that may come into play include:
Understanding the roles of these key players in a real estate transaction can help you navigate the process with confidence. If you have any questions about buying a home or need more personalized advice, feel free to reach out to me. Connect with me on YouTube, Instagram, or Facebook.
For a more detailed consultation or to get started on your home buying journey, schedule a free strategy session here. You can also access my Free Buyer’s Guide to help you through every step of the process here.
Continue reading “REAL ESTATE NEWS: LIVING ROOM WINTER NEWSLETTER 2025”
2024 was a doozy of a year for real estate and 2025 doesn’t seem like it will be any different. This coming year will have many unpredictable factors, a new administration, possible tariffs, interest rate fluctuations, etc.. But let’s recap the year we had and do a little bit of forecasting for 2025 so you can go into the year prepped with the context of the past year and an inkling of what is to come.
This is the worst year in real estate we have had in decades when it comes to the number of sales.
In 2024 we saw half of the sales we had in 2008 during the great recession.
If you were attempting or successfully bought or sold a home in 2024 and felt it was hard, your feelings were valid and you were not alone. Both locally and nationally it was a tough time for the world of real estate.
At a talk with a local economist, Noah Blanton, he noted that we have been in this down cycle for almost 3 years at this point so we are likely nearing the end and should see growth in the new year.
Based on the numbers he noted that locally we have been at the bottom of the growth cycle so likely we can only go up from here.
Some good news from this past year: All Oregon Counties saw positive migration growth including Multnomah County in 2024. Inbound migrations’ ability to match or surpass outbound migration has suffered the last few years due to pandemic-era trends. It is a great sign of what is to come that we are now seeing positive growth locally as this will stimulate demand.
There are many variables that will come into play as we talk about what to expect in 2025 but here are some things we can predict:
Originally it was said that we would see 4 interest rate drops next year, now it is said we should see 2 moderate interest rate drops in 2025. Keyword moderate. Likely we will not see any drastic drops in rates, but should see some stable fluctuation and some slight relief.
In the talk with Noah Blanton, he said “Interest rates will not be a straight up or down. We have a bumpy road ahead of us for the next 6 months”.
No matter what happens with rates we should likely see a more robust market this year relative to 2024.
There has been a lot of pent-up demand and as folks get more comfortable with 6-7% rates becoming the reality we will likely see activity return to our market.
We often see a fresh spurt in activity here in January as everyone returns from the holidays and gets serious about their goals and we should see activity stabilize as we head toward the Spring.
Spring is predicted to be busy.
If you don’t find your dream home this winter you will see a lot of new homes come to market as the flowers start to bloom.
Just know this will also bring a lot of competition from other buyers. Many buyers think Spring is the only time to buy so getting ahead of the busy market can be a good call and is a conversation I am having with a lot of clients.
Many of my clients are choosing to actively search now to avoid competition on homes and to get a good deal. And for many, we are getting them incredible deals. Closing costs credits to buy down their interest rates, competitive terms on repairs, and solid prices. This will be less available come Spring when you may have 3+ other buyers vying for the same house.
This is your time to prep. If you are planning to sell your home come Spring your time to start listing preparation is now. The more time you have the better.
Some tasks you can start now while you are stuck in your home this winter anyway:
Declutter your home.
Pack away any items that are not used frequently.
Take care of small repairs.
Coordinate bids and schedule work with contractors while their schedules are less busy.
Start getting educated on the local real estate market and the micro-market you are selling in.
If this all sounds overwhelming no worries I will be here to help you every step of the way. When it comes to selling your home it’s never possible for us to meet too early.
If you are wanting to sell sooner than the Spring that is totally possible too. You will have less buyers available but the ones out there are serious. With the right prep we can get you amazing results. The winter market can be slow, but the homes that are prepped well and have the right marketing are still getting getting under contract quickly and in some cases are getting multiple offers.
Looking to make a move in 2025? I am here for you. Reach out HERE and we can set up a time to chat.
For buyers open to both detached condos and single-family residential homes, here is the nitty-gritty on the differences to weigh.
DETACHED CONDOMINIUM
Key Differences Between Single-Family Residential Plats and Detached Condominiums
| Feature | Single-Family Residential Plat | Detached Condominium |
|---|---|---|
| Ownership | Includes both the land and the house | Includes only the house; land is shared in common |
| Legal Plat Type | Platted lot with unique boundaries and legal description | Condominium Plat with defined units and shared areas |
| Control Over Property | Owners can modify both the house and land (within zoning) | Limited by HOA or condominium rules |
| Common Areas | Typically none, unless in HOA subdivision | Often includes roads, green spaces, and amenities |
| Maintenance Responsibility | Owner maintains their lot and home | HOA maintains shared areas; may include some exterior upkeep of units |
| Flexibility | Greater freedom for modifications and landscaping | Restrictions on changes due to shared ownership and HOA rules |
| Examples | A house with a fenced yard in a subdivision | A house in a condominium-style community with shared landscaping and sometimes a private yard which is designated as a limited common space. |
When buying a home, one of the considerations you might encounter is whether to invest in a home warranty. In this blog post, we’ll dive into what home warranties are, their benefits, potential drawbacks, and why you might need one.
As a local real estate agent in Portland, Oregon, I often get questions about home warranties. If you have more questions or need specific advice, feel free to reach out. My contact information is below.
A home warranty is essentially an additional insurance policy for your home. It provides an extra layer of protection on top of your homeowner’s insurance. Typically, a home warranty covers things like the water heater, HVAC system, and major appliances.
When buying a home, you can ask for a home warranty as part of the deal. Either the buyer or the seller can pay for it, depending on the negotiation. Usually, a home warranty lasts for about a year, but it can be renewed annually.
The cost of a home warranty varies, but it usually ranges from $400 to $650 per year. This cost can sometimes be financed by the seller for the first year, and after that, it’s up to you to renew it.
One thing to note is the service fee. When you call for a repair, you’ll pay a fee for the service technician to come out and assess the issue. This fee typically ranges from $80 to $100.
Deciding whether to get a home warranty depends on your risk tolerance and financial situation.
It’s essential to do your due diligence when considering a home warranty. Review example plans and understand what each warranty covers. Make sure you know where your homeowner’s insurance overlaps with the home warranty to get the best value for your needs.
Home warranties can provide peace of mind and financial protection for homeowners, especially those without significant cash reserves. However, they may not be necessary for everyone. Ultimately, the decision to get a home warranty depends on your financial situation and risk tolerance.
For more personalized advice, feel free to connect with me on YouTube, Instagram, or Facebook. If you’re looking for more in-depth assistance, you can schedule a free strategy session with me here.
Also, check out my Free Buyer’s Guide to navigate the home buying process with confidence.
Thank you for reading, and I look forward to helping you on your real estate journey!
Thinking of buying or selling a home in 2025? Setting clear resolutions can help you navigate this transformative journey with confidence.
Here are three resolutions to guide your real estate success in 2025.
Embarking on a home-buying journey without a clear idea of what you want can be overwhelming. Take time to define what “home” means to you. Consider factors like location, size, design, and key features that match your lifestyle and future plans. Are you drawn to a contemporary townhouse or a craftsman bungalow? The more specific your vision, the easier it will be to find the right fit.
Dreaming & scheming is fun! It’s never too soon to consult with a realtor re: what’s possible and reasonable in the current market.
Financial planning is essential for any real estate transaction. Whether saving for a down payment or budgeting for moving expenses, preparation is key. Start by evaluating your finances and creating a realistic budget that includes costs like closing fees, inspections, and renovations. Sellers should work with professionals to set a competitive listing price and forecast potential outcomes.
Consult financial advisors or lenders for expert guidance to reduce stress and gain confidence in your financial readiness. Need recs? Happy to send some.
Navigating real estate complexities is easier with the right expert by your side. Connect with a seasoned agent who understands the local market and can offer valuable insights. A skilled professional can simplify negotiations, paperwork, and market analysis, making the process smoother for first-time and experienced buyers or sellers alike.
The new year is a chance to embrace growth and transformation. By clarifying your vision, preparing financially, and building the right support team, you’ll set yourself up for real estate success in 2025.
No matter if you’re still in brainstorm mode- or already packing boxes… I’d love to help you develop a plan & get to the finish line. Ready to get to work? Reach out!
You probably have heard the word “ADU” thrown around but not entirely sure what the heck it is. Let’s start by clarifying what this arbitrary acronym is first.
An Accessory Dwelling Unit, or ADU, is a secondary housing unit located on the same property as a primary residence. These units can take various forms—a converted basement, a detached structure in the backyard, or even an above-garage apartment. To qualify as a true ADU, the unit must meet specific criteria: it should have its own separate entrance, kitchen, and bathroom, making it a fully functional living space.
However, not every additional living space qualifies as an ADU. For example, a finished basement with a couch and a TV isn’t enough to meet the definition unless it also includes a kitchen and bathroom. Similarly, unpermitted structures or makeshift conversions, such as a garage half bath and a portable heater, do not meet the requirements and can actually harm a property’s value.
In recent years, ADUs have gained significant traction in the housing market. Portland is no exception to this! I truly believe that ADUs are a key representation of Portlanders and our ability to get creative, problem-solve, and combat challenges in our community. This lady in the Boise-Eliot neighborhood even converted a Tuff Shed into an ADU (when I saw the headline I was very skeptical, but it’s actually pretty rad). This rise in popularity can largely be attributed to affordability challenges in the housing market. As home prices continue to climb, buyers and homeowners alike are seeking creative solutions to offset their mortgage costs. ADUs provide a fantastic opportunity to do just that by renting out the secondary unit, either to long-term tenants or as a short-term rental.
For buyers, the idea of purchasing a property with an existing ADU or ADU potential is incredibly appealing. Not only can it generate extra income, but it also offers flexibility for multi-generational living or even a private workspace. I’ve personally worked with many buyers who prioritize finding properties with ADUs or room to add one, and I’ve seen firsthand how competitive these properties can be. In many cases, homes with ADUs come on the market and disappear just as quickly due to high demand (and often sell for a premium.)
The growing demand for ADUs has also created a niche market for contractors who specialize in ADU plans and construction. Many credible contractors in the Portland and Vancouver areas now offer streamlined processes to help homeowners bring their ADU vision to life. From pre-designed plans to full customization, these professionals simplify the process, making it more accessible for homeowners. This specialized market ensures that homeowners can navigate zoning regulations, permitting, and design with greater ease, ultimately resulting in higher-quality ADUs that add substantial value to their properties.
While ADUs can significantly enhance a property’s value, this only holds true when they are executed correctly. Poorly constructed or unpermitted ADUs often create more problems than benefits. Adding a heater and sheetrock to a garage may look like a cheap way to create additional living space, but without following the necessary steps this setup becomes a liability rather than an asset.
Portland, like most cities, requires permitting for ADUs. This process ensures that the unit meets safety and building codes, as well as zoning regulations. Permits are mandatory not only for the construction of an ADU but also for many home renovations, additions, or structural changes. If you’re curious, here is Portland’s full explanation of their requirements in regards to permitting and ADU’s. Skipping the permitting process can lead to fines, legal issues, and expensive retrofitting down the road. Furthermore, significant unpermitted work for an ADU may impact the marketability of your home in the future when you go to sell. Homeowners who try to cut corners often find that their efforts backfire, as this work diminishes the property’s value and deters future buyers.
Nonconforming ADUs can deter potential buyers who recognize the time and cost involved in bringing the space up to code. Most buyers would rather avoid the headache of removing and redoing work to meet legal and safety standards. As a result, these subpar ADUs can actually harm the marketability of a property, making it less appealing to prospective buyers.
At the end of the day, when ADUs are thoughtfully designed and fully permitted, they can be a major selling point. Buyers appreciate knowing that an ADU was built to code and with long-term functionality in mind. Properly executed ADUs not only increase the property’s value but also provide peace of mind to both the current homeowner and future buyers.
Helping my clients explore creative ways to offset their housing costs is one of the most rewarding aspects of my job. ADUs are a fantastic opportunity for homeowners interested in becoming landlords and dipping their toes into real estate investing. I’ve seen how a well-designed and permitted ADU can transform a property, providing not only financial relief but also a sense of empowerment for homeowners.
I’m passionate about ADU’s because they align with my belief in making real estate work smarter, not harder. Exploring the possibilities these spaces can open doors to increased financial freedom, creative property use, and even stronger connections with the community through thoughtful rentals.
If you have any questions about this topic or the nuances of Portland’s housing market in general, I’m your gal (and always down to talk real estate).
Your friend & realtor,
Sofi
Early sunsets are here and so is the Winter Real Estate Market.
Overall the last few weeks have been slow. However, this could be due more to the election than the typical slowdown we start to see this time of year. By the way, we will be discussing both what to expect from the winter market and the post-election market in today’s update.
For home buyers, you can expect fewer listings to come to market but to see a lot of home inventory sitting. This means a good deal of opportunity to snag a great home that is sitting due to other buyers being distracted by holiday plans.
For home sellers, you may choose to wait to sell your home until the Spring when the market should pick up. But know if you plan to buy as well that it could be a good opportunity to buy now, utilizing tools like a HELOC or a Bridge Loan, making the most of this market as a buyer, and then sell in the Spring when the market should be more in your favor as a seller.
While we cannot fully predict what will happen, especially given the administration taking office, here is what we can glean from past elections.
After 7 out of the 8 last elections, we saw a rise in both home sales and home prices. (2008 was the only exception for obvious reasons).
So if you are a home buyer, it is good to note that we could see a rise in home prices in the next year. This is especially true if we see a lowering in interest rates, which the next administration has said they plan to do. Though it is good to note that the president does not have direct control over interest rates (and the current Fed Chair publicly expressed that he will not play to the whims of the new president).
Realistically there does seem to be a lot of pent-up demand, so whether rates shift or not (many experts say we should see them stick in the high 6’s most of the year 
) we will likely see a competitive seller’s market return come Spring. This does align with typical historic market trends year to year as well.
This is great news for home sellers. If you are considering selling your house in the Spring and want to make the most of the market, you should start preparing now.
Well really, whether you are planning on buying, selling (or both) starting your prep now will be key to your success. But no worries about figuring out what that plan will look like, I am here to help with all of it. You can contact me HERE.
Here’s a hard truth:
Not all realtors are the same.
And I don’t just mean when it comes to level experience it’s also the specific experience a realtor must have to meet your specific needs.
Here are some questions you can ask next time you meet with a realtor to decipher whether they are the right fit to help you take your goals to the finish line:
Every city, neighborhood, and area is performing drastically differently in The Portland Metro area right now. It is important that you work with a realtor who has the pulse on the micro-market you are looking to make a move in.
A townhome selling for $450,000 in Lake Oswego will follow drastically different trends than a single-family home selling for $850,000 in Lake Oswego.
When working with an experienced realtor who goes above and beyond to make your home goals a reality, we do a lot more than just open doors for you or put a sign in the ground.
With that for many of us, we cap how many active clients we work with at one time so we can best support our people and give them the best results.
Asking this question will help ensure that whoever you choose follows similar practices.
Every home purchase is vastly different and that is partly due to the fact that every style, age, and type of home comes with its own particular nuances and due diligence needs.
If your goal is to buy a midcentury modern it would be extremely helpful to work with a realtor who has knowledge of the water intrusion risks that come with Rummer homes and the like.
If your goal is to buy a condo or another property that comes with an HOA it is critical that you work with a realtor who has a grasp on HOA common practices, and pitfalls and can guide you through the HOA review process.
Does this all sound overwhelming to you? No worries. If you are in The Portland area I would love to meet with you and will answer all of these questions before you even ask in our consult and see if I could be a good fit to be your realtor.
Buying or selling a home elsewhere? I have a solid list of vetted realtors across the country with whom I can connect you. This is a group of people that I have personal relationships with and will personally vet further to make sure that they will meet your needs.
Reach out and let’s connect.
Also, you can find me on Instagram HERE.
In the Pacific NW, we are always battling water when it comes to keeping our homes from intrusion, rot, and mold. As soon as water hits our roof, it has to go somewhere. Keeping your gutters clean to allow water to easily flow into the downspout is crucial. Ensure water either goes into the sewer drain or is whisked 6 feet away from the building. Overflowing gutters can lead to water pooling up around the base of your home.
Check the your grade of your yard. It should slope away from the house, and consider a dry well or bioswale. In the meantime, do you need your gutters cleaned? Here are a few companies that have worked well for our clients.
If you came here for an easy answer, I’m sorry to disappoint you right off the bat. However, there really is no “right” choice between a new construction home and an older one. The best option depends on your lifestyle, needs, and current situation. For our purposes today, we’ll define “older” homes as those built before 1980. This was around the time when homebuilding practices changed with regulations on materials like lead-based paint and asbestos. Now, let’s dive into the pros and cons of each!
Turnkey
With new construction, you don’t have to worry about replacing stained carpet or refinishing the wood floors before moving in. If you’re not one for taking on home projects, the luxury of not having to do any renovations upon move-in is huge!
Energy Efficiency & Up-to-Date Codes
Builders design new homes with energy efficiency in mind, often equipping them with the latest tech, like high-efficiency windows and insulation. They also follow current building codes, reducing the need for short-term upgrades and helping to keep energy bills lower over time.
Builder Incentives
New construction homes sometimes come with financial incentives. Since builders have sales quotas, they often offer things like rate buydowns or closing cost assistance in order to meet them. This can provide you with some welcome savings, especially if you’re buying when rates are high.
Customization Options
While they’re often built on spec, new homes sometimes allow for some customizations, like choosing finishes or exterior upgrades. Want a chef’s kitchen or that perfect bathroom tile? You might get to make those choices if you buy at the right stage.
New Home Warranties
With a new build, you typically get a warranty from the builder, giving you coverage for certain defects or repairs during the initial years. This can give you peace of mind, especially with larger systems like plumbing or electrical.
Not All Builders Are Equal
Quality can vary significantly depending on the builder. It’s essential to research the builder’s reputation, ask for reviews from previous buyers, and consult with your agent. Many people assume a new construction home won’t need a home inspection, but that’s a myth. According to a 2022 study by the National Association of Realtors, nearly 1 in 4 home inspections on new construction revealed major issues, most often related to HVAC systems or safety. With tight deadlines and fully booked contractors, some details can slip through the cracks.
Potentially Higher Price Tag
New construction can be priced higher than resale homes. However, this isn’t always the case, as some builders adjust their pricing depending on market conditions. With rising interest rates, some builders are pricing competitively to attract buyers.
Less Character and Charm
Builders often design new homes to appeal to a broad range of buyers, which can mean they lack the unique features of older homes, like intricate woodwork or custom-built shelving. If you’re someone who loves character, this is really something to keep in mind (and something you may already understand about yourself already!)
Flexible Timeline Needed
If you’re buying a new build that’s still under construction, you’ll need to be flexible with your moving date, as construction delays can happen. This is especially something to keep in mind if you’re navigating this purchase while also selling your current home.
Established Neighborhoods with Character
Older homes are often found in neighborhoods with a more mature, established feel. You might find tree-lined streets, unique architecture, and a tight-knit community vibe that new developments may not offer.
Great for DIY Projects
Many older homes have the potential for DIY renovations, letting you add your own flair. If you’re handy or enjoy home improvement (or are looking to grow your skills), an older property may be a perfect fit.
Room for Negotiation
Older homes typically offer more room for negotiation, since the majority of the time you’re working with a private seller and not a company. If the home needs repairs or updates, sellers are often willing to work with you on price or closing costs.
Unique Architecture and Materials
There’s a reason people say, “They don’t build them like they used to.” Older homes often used old-growth wood, which is lumber from trees that grew for longer, making it denser (more rings!!). This old-growth wood is more resistant to warping, rot, mold, and even has insect-repelling properties. If you’ve toured an older home with me, you’ve more than likely already heard me nerd out about this, lol!
Larger Lots
Many older homes are built on larger lots, a big bonus for those with pets, or if you just prefer a spacious yard, garden, or outdoor entertainment area.
More Maintenance and Repairs
It’s no secret that older homes often need more upkeep. You might be looking at replacing or repairing larger systems like roofing, plumbing, or electrical. These homes have had years of use, so more significant wear and tear is expected.
Unknowns in Property History
While a thorough inspection can identify most issues, some problems—like past neglect—may only be uncovered over time. This adds a layer of uncertainty, especially if the home has been through multiple owners.
Outdated Codes and Systems
Many older homes weren’t built with today’s building codes in mind. Common issues include outdated wiring or galvanized steel plumbing. In addition, we often see repairs done over the years that were done incorrectly (someone decided they could watch one youtube video and be an electrician). These issues can require costly corrections or upgrades, which can add to your overall investment.
Possibly Unfavorable Floor Plans
Older homes sometimes have floor plans that feel a bit cramped or don’t suit a modern lifestyle. Tiny kitchens, small bathrooms, or a lack of open-concept spaces can be a challenge. While remodeling can address this, it’s something to consider if you’re looking for a home that’s already optimized for today’s living standards.
—
Choosing between a new construction home and an older one ultimately depends on your lifestyle, preferences, and budget. Both options have their unique appeal and drawbacks, but whichever path you choose, it should suit you and your family’s needs.
If you’re curious about which may work best for you, I’d love to sit down and chat about my experiences with both. Buying a home is a big decision, and there’s a lot to consider, so feel free to reach out with any questions or for a personalized consultation.
Let’s find the home for you!
—
How the current market is full of opportunities for homebuyers.
How timing is everything for sellers right now in the real estate market.
What we can expect from the Real Estate Market this winter.
Welp. Interest rates did not see the drop we were hoping for.
We saw a temporary decrease as news hit about a rate drop but then saw rates increase just a week later and continue to fluctuate.
Due to this news, we saw a brief increase in buyer and seller activity.
In general, we are seeing a lot of opportunities for homebuyers active in the market right now.
While rate fluctuation is making affordability tough, for those buyers willing to act, we are getting some pretty great deals.
Just last week we got some first-time homebuyers under contract on a home in the ideal SE Portland location everyone seemingly wants and we only had to compete with one other offer to secure our client this really cool home with an awesome backyard for well under $600k.
This market has also been volatile for those looking to sell their home. We actually saw a pretty significant decrease in sold home activity last month, down 13% with just 1,702 homes closing. And inventory of homes shot up to 3.5 months. Meaning homes just are not getting the demand they have had in previous markets.
For future home sellers, the biggest topic we will be discussing right now is timing. Deciding WHEN to list your home will be a big conversation. With the election less than a week away and the holidays fast approaching many are going to choose to pause the sale of their property unless they have an urgent need to sell.
Homebuyers you should take note of this as well. If you see a drastic decrease in new listings this week you can blame the election. And know that while we will see things hopefully pick up again, we will see activity trickle the closer we get to Christmas.
BUT it’s important to note for everyone, whether you are buying or selling, that the market will typically re-energize come January.
Many folks will have selling and or buying a home on their 2025 vision board and often won’t wait till Spring to make those dreams a reality.
And if you are someone who is looking to make a move sooner than later know that the market does not completely shut down this time of year. For home sellers, there are still home buyers out there looking for homes right now, and often they are the most serious. And for home buyers, this market can give you a bunch of advantages while other buyers are distracted by being festive.
Want to discuss your options to make a move before the year is over? Or want to talk about your 2025 home buying and or selling goals? I am here for it all. Reach out and let’s chat.
Let’s connect further, follow me on Instagram HERE.
We gave this beauty a little love before coming on the market (i.e. interior paint, gorgeous floor refinishing, updated lighting, etc.) and our efforts paid off with 6 very strong offers all over asking price! If you’d like to see similar results on the sale of your home, reach out and me and my team of professionals can get to work!
If you’re looking for a house like this, I can help with that too. Four Square’s are a very desirable architectural style that boast high ceilings and a true second floor (no awkward finished attic spaces!). These don’t come on the market often, in this price point, and when they do (if marketed properly) are usually in high demand. I can help you navigate competing offers and get you into your next home sweet home.
Veronica Powell
503.936.3575
Veronica@LivingRoomRE.com
OPEN SAT 10/26 & SUN 10/27
11AM-1PM
This charming farmhouse will steal your heart! Perched on a quiet cul-de-sac, its unique floor plan features a spacious, open-concept kitchen, perfect for holiday entertaining and summer BBQs. The family room on this level features a cozy gas stove, perfect for rainy nights. The charming “flex room” adjacent to the kitchen could be: a playroom? craft room? mud room? home office? You decide! The perfect spot for homework or game nights. A convenient full bath completes this lower level. On the main level, the formal entry leads to a farmhouse-style living room w/shiplap walls and a coffered ceiling. An additional sitting room features a gas fireplace and charming bay window — the perfect spot for a cozy evening or a lazy Sunday morning. Finishing off this level are two bedrooms with adjacent, updated, Jack & Jill bath with new dual vanity and freshly refinished classic clawfoot tub. The upper level features a generous primary suite with full bath and loads of closet space, including built-in shelving and four attic storage spaces, perfect for stowing seasonal items. A charming nook on this upper level could be a home office or a quiet yoga retreat. Pristine hardwood floors, new carpet, new interior & exterior paint … too many updates to list here! See features list. Don’t miss the very rare large flat side yard, ready for your vision: privacy hedge, playground or fire pit. Conveniently located close to downtown, OHSU, shopping and restaurants on NW 23rd, the Pearl, and Multnomah Village. Easy access to Tech Corridor & Nike. Walk to several parks & trails. Top rated schools too!
Expert real estate guidance is essential when you’re learning a new city. You may get to know the city and even understand it well, but it takes time to gain the deep-seated context that a lifetime resident has. The perspective and understanding of a long-time local often come from a broader and deeper well of experience. The same applies to real estate. While we work with people who have varying levels of real estate knowledge, even the most informed clients will encounter unknowns—questions you may not even think to ask unless you’re immersed in the daily flow of research and conversation that comes from being in this business for a long time. In short, there are always things you don’t know that you don’t know.
We want to lead the charge and help you ask the right questions. We want to elevate your questions, dig deeper so you are empowered to make the best decision for you and from a foundation of considering all angles and arriving at a place of clarity and understanding.
This is more than a transaction, more than a piece of property, more than an investment. In many cases, this is where you are going to live and create memories. It’s the roof over your head. It’s security. We want to help you protect your investment, but also appreciate how momentous a decision this is and how impacting the right home can be through all the different phases of life. Needs change, but we can help you think through possible trajectories so you can optimize your relationship to your home in the long run.
Perhaps most importantly, this is FUN. You are approaching a change, a transition, crossing a milestone. We see how huge this is and know it is cause for celebration along the way.
It hasn’t been the easiest time to be a buyer. Buyers have been facing high rates, low inventory, new commission structures, and houses that need lots of repairs. In the end, it all adds up to $$$! What buyers need is a bit of relief. And when a brave buyer takes the plunge with a house, the hardest day of the transaction is often the home inspection day. This is often the day when the $$$ needed to move forward on a home seems insurmountable. Having a great buyer’s agent on your side to walk you through negotiating with the Seller is critical. Agents can end up saving you thousands of dollars in the end with great professionalism and negotiation strategies. And really what is it that a Buyer wants? A new place to call home. If you are ready to take the plunge and buy a house, contact us today.
I have a primary reason for homeownership. Whether cultivating my garden, decorating a room, or filling my closets with whatever equipment and clothing my life seems to require, I can do so because I have this fancy box, and the land it sits on..
In case you ever wonder why I got into real estate, it wasn’t an HDTV style love of houses! Nope, it wasn’t money either, (although I appreciate and need income in exchange for my services). I began my work in real estate because I enjoy transactions and advocating for my clients. I am skilled at teaching, negotiating, and setting expectations. But underneath it all, I love having my own house, and I love the ‘bundle of rights’ that come with it. I believe everyone should have access to this, if they want it.
One of the fundamental reasons people created the concept of property ownership, boundaries, and borders is the need to feel safe and at ease. We need a home base where no one is going to bother you or bug you. Like needing food, humans also need a safe spot to sleep, and live.
In real estate, the “bundle of rights” represents legal rights that are yours along with owning property. These include: The right of possession (you get to live in it), the right of exclusion (people can’t come in unless you invite them), the right of disposition (you could sell it, you could rent it, transfer your rights to someone), and my favorite: the right of quiet enjoyment. This last one means that each of us has a right to enjoy our property undisturbed by others.
The right of quiet enjoyment obligates us to negotiate with neighbors, so that each of our versions of ‘enjoying our property’ don’t infringe on the others’ rights.
Listen to this: when I first owned a home, Portland summers were cooler and I didn’t have air conditioning- I kept windows open at night. One early evening, I was laying on my bed reading, hearing the faint sound of breeze in the trees, and maybe a distant cricket, when I heard a noise like an air compressor. I thought, “WHO is using an air compressor at this time of night?” and went to my window to look out. There, between my house and the neighbors was a newly installed central air conditioning unit. The horror. It was directly below my bedroom window, next to the neighbor’s house which was only about 10 feet from my house. My right to quiet enjoyment was suddenly feeling uncertain.
I stared at it in dismay for a minute, and soon I was talking to the neighbor about it. The neighbor at that time wasn’t very sympathetic. They said “I want to be cool” and I said “I want to sleep without that noise going on and off!” I offered to bring them up to my bedroom so that they could hear how loud it was. Eventually, after various discussions, my neighbor agreed to turn their A/C off after 10pm. About 5 years later, they moved the whole air conditioning unit to another side of the house so that I wouldn’t hear it. (I was just as surprised when I looked out the window and saw a bare patch of dirt where the A/C unit had been, as I had been when it appeared in the first place). Years later the neighbor and I laughed about this. I said, “I’m sorry, I was less flexible in my youth” and she said “I didn’t always see things from others’ perspectives” and we agreed to put it all behind us.
Although this took some time, it was a great outcome. It took a little negotiation and understanding, and a common goal (we both want to live in peace), but we eventually arrived at a solution that satisfied both of us.
A recent episode from the Life Kit podcast focused on neighbors and how to resolve disagreements between them (interestingly, the majority of neighbor complaints in a 2023 study of 11,000 reports in the Seattle area were about weeds). Key points from this podcast included:
Living in an urban area, near other people is a great opportunity for community, friendship, and shared experiences. It can also include some compromises to protect everyone’s rights to enjoy their property and live harmoniously. If you’re interested in listening to the entire (20 minute) podcast on Neighbor Drama, click HERE or find it in your podcast App at Life Kit.
Best wishes for harmonious and enjoyable living this fall and beyond!
It’s a sticky topic but let’s talk about it 
There have been too many times when I am out in the world talking with someone or I overhear someone saying they regret buying a home.
But it’s often not that they dislike homeownership itself but the home they bought.
These are the main reasons I see people dislike their homes:
⁃ They didn’t fully understand the costs of maintaining the style of home they purchased. Many types of homes (like older properties) take a lot of work.
⁃ They stretched their budget more than they intended. Often if not counseled properly by a local lender, home buyers will focus on the price of the home but not the overall cost of their purchase and what their monthly payment will be.
⁃ They don’t research the neighborhood they bought in thoroughly enough and or didn’t test their commute.
⁃ They got distracted by unimportant things like the home’s staging and the marketed appeal but didn’t see past it to see the actual functionality and condition of the home.
If this all sounds overwhelming no worries this is where our job as a realtor comes in.
As a full-service realtor prior to even seeing homes, we will meet for a consultation and educational meeting and will have high-level in-depth conversations as you prepare for your home search.
During the consultation phase, we discuss what your capacity is to take on home and yard care when it comes to your energy, time, and finances.
On the education piece when it comes to seeing homes I’ll detail for you the realities of older homes and other styles that require a higher level of maintenance, and what it takes to care for a yard, or what it takes to pay someone else to do these things.
That way you can make informed decisions on what type of home is right for you.
I’ll share with you my Portland Neighborhood Guide full of Portland’s best-known neighborhoods, some less common ones, and the outer cities. Detailed in the guide you will find the best restaurants, bars, shops, parks, etc. So you can explore areas of interest before committing to living there.
I’ll connect you with amazing local lenders who will make sure you are empowered with the information you need to make informed decisions.
And throughout the home shopping process, I’ll counsel you to look past flashy home staging and will point out possible pitfalls in homes. And I will also help you see the potential in homes that may not look cute initially but could be a gem in disguise.
Basically, finding the right home for you is easy when you have the right support.
Want to discuss your options and co create your winning home buying strategy? Let’s talk. You can find my contact information below.
603 NE Webster St
4 Bedroom 3.1 Bathroom | 2640 Sq feet
MLS# 24264982 | Taxes: $10,300.05 | Lot Size: .07 acres
Modern construction, craftsman details and green features all in one house? It doesn’t get any better than this! This special home has many great features that make living here a dream. Main floor has open concept living with a living and family room. Upstairs there is a primary suite with private deck, two additional bedrooms, bathroom and laundry room. Lower level has a guest suite or office with its own bathroom and a tuck under garage with car charger. In addition, you’ll find character uncommon in newer construction with reclaimed fir floors, craftsman millwork and built ins, timeless black and white kitchen and Rejuvenation fixtures. Get outside with three decks and a low maintenance, fully fenced yard. Easy on your pocket book and mother earth, this house is equipped with Earth Advantage and Energy Star rated appliances, rainwater collection, recycled content roof and countertops, dual flush toilets, tankless hot water heater and two 95% efficiency furnaces. This dynamite house has a walk score of 94 and a bike score at a perfect 100. Come see the perfect NE house in the perfect NE location with all the best features. Buyer’s agent compensation is negotiable.
Okay, let’s get into it.
INTEREST RATES. Yes, they are still predicted to lower next month. But nothing is promised and not many people are predicting them to lower drastically.
But we have seen them lower some already. I have seen some clients get interest rates below 6% already which is really promising.
And we are already seeing the effects of this in the current market.
While last month was fairly slow, new listings (2,905), pending sales (2,191), and sold homes (2,075) were all down slightly, we are seeing a good boost in market activity already this month. And August is typically slower.
With rates already seeing some relief it has motivated a lot of buyers.
We will see what happens in the rate market but either way it looks like we are going to have an active fall.
What does this mean for you?
As a future home seller, if your home is properly prepped (I will give you a detailed list of what to do don’t worry), priced right (I will give you coaching on this too), and properly marketed (I handle this entirely) you should expect great results.
Buyer motivation is already high but will only increase if we do see an improvement in rates. Which means more buyers through your front door and a higher possibility of multiple offers in the first weekend.
As a future home buyer, know that lower rates will mean higher affordability for you which is amazing, but it will also mean the same for other buyers. So we could see higher competition from other buyers (multiple offer situations, leading to higher prices and more competitive terms being needed on offers).
Due to this, I have actually had some buyers get motivated to buy NOW while the competition is lower, and these clients have had success getting really great deals on amazing homes.
But don’t stress if you have not found your right home yet, or are not ready just yet to get started on your home search, even if things do get a bit wild in the market, we have the right strategies and tools that you can use to still be successful in any market.
Want to discuss your plans to sell and/or buy this fall or beyond? I would love to chat.
Just have a question? I am here for that too. Reply to this email or you can find my contact information below.
If you are considering adding a separate living space to our property, The Portland ADU TOUR is for you! Come see several ways to add an ADU to your property whether attached, detached, custom, pre-fab, big, or small. Stop by and say hi to our favorite realtors and ADU specialists from team Aryne + Dulcinea, a.k.a the Property Mavens!
And if you can’t make it, reach out to us for more great ADU information. Continue reading “REAL ESTATE NEWS: THE PORTLAND ADU TOUR”
Story time about this dynamic duo Jason and Tamara! They began their home search with me in early 2021. They pulled out on a potential purchase that just wasn’t quite right for them that year. They took a break from the home search (this happens on occasion and for good reason). We stayed in touch over the next few years and I was thrilled when they came back around the end of 2023 to update their home search and peek at what the current market had to offer!
We got an offer accepted on a condo that turned out to need more repairs than the HOA had budgeted for, so they terminated. Thank goodness for the many contingencies during the home purchasing process that protected my clients to uncover all they needed to make the educated decision to move on from that one. Although it was a huge disappointment for them, they did not get discouraged or give up on their dreams of home ownership. They jumped right back on the saddle and asked to tour new homes! I was so proud of their trust in my guidance and faith in themselves to get to the finish line.
They found a gorgeous new construction home that offered what is called an SDC exemption (System Development Charge). This is a program that assists developers by reducing their development costs when building affordable residential housing. T & J diligently worked on getting that application in after our offer was accepted, and they were approved for $30k off the sales price AND over $9k in closing costs covered by the seller!
They are now MOTHER F*CKING HOME OWNERS!
Special shoutout to our trusted lender Cat Jerger with Guild Mortgage for her excellent service!
Way to go my friends! It’s been a true pleasure. Wishing you many beloved memories of game nights, play time with your fur baby Ophy and new neighborly friendships in your new home.
A Sentrilock lockbox is typically installed (with your permission) on your property by your listing agent for the duration of your home sale. This provides access to contractors/photographer (if needed, with your permission) prior to going on the market, to agents while on the market, as well as while your home is pending sale, after you’ve accepted an offer. These lockboxes are integrated with the MLS, which means the lockbox is specifically assigned to your home. They are also connected to an app which allows licensed agents to access keys via these boxes. They were a new innovation about 20 years ago, and are now ubiquitous in the industry.
There are some features of these lockboxes that make them especially secure and useful for real estate!
With the popularity of walk in showers, people ask me: can I remove the only bathtub in my home? Will it hurt resale value?
It depends! Is this your forever home? (if so, you may have fewer concerns about resale value but may want to consider what your needs will be as you age). Do you live in a one bedroom condo or house? (tubs are less of a priority in homes with one bedroom, since they are less often chosen by families with kids. Plus, a spacious walk in shower can be more practical than a cramped bathtub in a smaller home).
If you are fortunate enough to have multiple bathrooms, the most current trend is a large walk-in shower for daily use in the primary bath, with bathtub in a secondary bathroom. OR, a smaller soaking tub plus a separate shower, if your space allows.
One important consideration is whether you need/want a tub. Maybe you never use a bathtub, but will you or guests like one in the future? If you do intend to sell your home at some point, it’s worth considering the versatility a bathtub offers for small children, dogs, or anyone who’d like to have a soak. Maybe you’d simply like to replace your tub with a more appealing model, or find a way to fit a shorter, deeper tub (try searching ‘small soaking bathtub’) beside a walk-in shower.
While generally showers are considered more energy efficient and eco-friendly (as long as your showers are not epic in length and you have a water-saving shower head), there are eco friendly options for bathtubs. A shorter/deeper tub (I’ve linked an article about fitting one into a smaller bathroom) can make your water usage more efficient. As far as materials, newer stone aggregate tubs are more earth-friendly options. At the higher end, designers like Wetstyle in Canada produce beautiful tubs out of this kind of sustainable material. Traditional porcelain enameled cast iron (a technology invented in the late 19th century) is also sustainable: these tubs are possible to restore for a second use, recyclable and long lasting. While lighter, more inexpensive fiberglass and acrylic tubs gained popularity from the 1960s-2000s, these materials can include toxins and not be recyclable.
I wouldn’t typically recommend remodeling a bathroom with the specific goal of increasing home value prior to selling. Remodeling your bathroom for your own enjoyment is one thing, however the time, expense, and inconvenience of a bathroom remodel is considerable, and the most ROI will come when you get to enjoy it yourself. Likewise, there is no guarantee that the sales price of your home would increase enough to justify the project. That said, each situation and home is unique, so this is certainly something we can discuss in the context of your long-term plans for your home.
If you’re looking for a trusted contractor referral, someone to brainstorm with, or to discuss your plan for your home, I’m here for you! It can’t hurt to get a few perspectives before embarking on a remodeling project!
“Is it a good time to buy a house?”
People always wonder when is the best time to buy a house. Many considerations go into answering this question – for example:
All of these questions are important, and you can find many discussions of each of these questions with a quick Google search. I’ve put some thoughts below from my perspective as a real estate agent in Portland.
Where are mortgage rates likely to go?
Mortgage rates have improved since last year’s high of 7.9% (October 2023), and many people seem to think that they will continue falling slowly. Mortgage rates are generally influenced by the Federal Reserve, but also by rates of economic growth and inflation. Beginning in early 2022, with inflation concerns high, the Fed raised the benchmark federal funds rate (basically, the rate at which banks can borrow from each other), partially in an effort to curb inflation. This has contributed to rising mortgage rates. It’s hard for anyone to say exactly where mortgage rates will go in the future, because it depends both on how the economy in general does, and how the Federal Reserve reacts to concerns about inflation.
It’s helpful to remember that the extremely low mortgage rates we’ve seen since the Great Recession are somewhat of a historical anomaly. In the mid 1990’s, the federal funds rate was around the same level as it is now. Beginning in mid-2000, and continuing after the 9/11 attacks, the Federal Reserve lowered the federal funds rate drastically, culminating in a low of 1% in March 2004, in an effort to boost the economy. As the economy sped back up after that point, partially due to rampant subprime mortgage lending, the Federal Reserve increased the federal funds rate back up to around where it is now, and then after the subprime mortgage bubble collapsed in late 2007, resulting in the “Great Recession,” the Federal Reserve took the unprecedented step of lowering the federal funds rate almost to zero, where it stayed until it gradually began to increase in 2015.
When COVID hit, the Federal Reserve lowered the rate back down to zero, where it stayed until the Federal Reserve started increasing it in March 2022 in response to inflation concerns. This increase has leveled off at the current rate of 5.33%, and it is unknown where the Federal Reserve will go from here. All of this is really to say that where mortgage rates are going to go is difficult to predict even for financial geniuses. What’s less difficult to predict is the fact that we all need a roof over our heads. Also helpful in thinking about mortgage rates is that, if you get a mortgage, it’s going to stay the same unless you re-finance. So if mortgage rates go lower, you may have the option of taking advantage of those lower rates and re-financing later, and if they go higher, you are insulated from that increase because you already have a mortgage.
What about home prices?
Home prices are influenced not only by what mortgage rates are doing, but also by the housing inventory levels in your area. It’s a supply and demand thing. Stated simply, if mortgage rates are high and inventory is high, prices may decrease; but prices trend higher when demand increases and supply decreases. The housing inventory in the Portland metropolitan area has recently increased slightly from historically low levels, but is still low. More inventory can mean less competition for houses resulting in a market is more neutral or buyer-friendly, but because people who already have mortgages locked in at the historically low rates of 2020-21 may not yet be incentivized to make a move unless we see further decreases, the inventory has remained low, and prices haven’t seen much decline.
Is the Portland area real estate market cyclical?
The short answer is yes. Like everything else, the real estate market tends to lull during the holidays, then begin to ramp back up heading into February. This is especially true in Portland, because people generally don’t like to move here in the rainy season. The Portland market generally reaches its peak around April to June, and stays at a higher volume until August, when it gradually tapers down over the next few months. In the summer, you’ll potentially have more competition but more options. In the winter, you will likely have less competition but fewer home options. I would like to note here that while having more choice and looking at pretty gardens is fun, inspecting basements during the rainy season in Portland is an advantage not many consider, and they should.
So when should I buy?
While everything I explained above is important, at the end of the day the most important questions are very personal: why do YOU want to buy a house, and when does it make sense for YOU? If you currently have a great mortgage and would like to have a bigger house, maybe it’s not the best time financially, but maybe you have a growing family and you need the space. In that case, you need to decide how much it’s worth to you to get the right house for your family. If you are a cash buyer, now might be a great time to buy a house, because you won’t have so much competition, and you might get a great price on a very desirable house. If you’re looking to move out of a rental and into home ownership, and are financially flexible, it also might make sense to buy now. Because so much of it depends on each individual’s situation, consulting a buyer’s agent is key.
A buyer’s agent can help educate you so you can make the best decision for you and your family. After speaking with a great agent, you should feel more empowered, because you will understand all of these factors better. If the first thing an agent tells you when you speak to them is that it’s a great time to buy a house, without knowing anything about you, you might want to ask them why it’s a great time for you to buy a house, or find another agent.
If you are thinking about buying a house sometime in the future and are not sure whether to act now or wait for a little while, you can always take steps so you can make sure you’re ready when you feel the time is right. Check out my post about all the steps you can take now to be ready to put an offer on a house when it’s time!
What we discuss:
Some normalcy and balance returning to the market.
An update on interest rates.
What both home buyers and home sellers can expect from the summer market.
Home prices during an election year.
Is the frenzy of the early Spring market over? It seems so.
The hottest of hot homes are still selling for over asking, but it seems that data and comparables have caught up to the epic price jumps we were seeing a few months ago.
Balancing the market some.
Though the data does show that we are still seeing activity increase across the board:
New listings are up 12% with 3,508 homes hitting the market.
Pending sales are marginally up by just 2% with 2,363 homes going under contract.
Sold homes are up 13% with 2,140 homes going to new homeowners.
Inventory of homes has stayed steady at 2.3 months (from 2.4 months in April).
What does this “new” market mean?
For home buyers, this means that while you will still deal with a seller’s market, especially if you are shopping in a hot area, there will be more homes sitting on the market and with those homes, the opportunity returns to ask for price reductions and credit asks.
And on the hot homes, while you may still deal with competition, it’s likely not the 10+ offers of the Spring market but a normal 3-4.
For home sellers, this means that demand for your home will typically still be great, it is just more important than ever that you price your home well.
Interest rates are still high and buyers are not just as frenzied as they were in the Spring. So your likelihood of sitting on the market and not getting multiple offers is higher if you don’t price accordingly and prep your home correctly.
On the note of interest rates, it is still predicted that we will only see one significant decrease in rates this year.
In terms of what you can expect for the summer, we should see activity remain high throughout July and then slow down as it historically does in August.
But no worries if you are someone who is thinking of selling around that time or plan to buy in August, those who are serious in the market will still be making real estate moves, and things do always pick up in September.
Speaking of August, August 17th is now the new date that changes will be implemented across the real estate industry for those who belong to the National Association of Realtors (which all Portland area agents do). The main changes are that buyers will need to enter into a contract with their agent prior to seeing homes, and buyers’ agent commissions can no longer be displayed on the MLS, but counter to what has been stated in some places, as of now, sellers are still able to offer compensation to the buyer’s agent.
This will certainly still bring changes to our industry, as an experienced realtor of 7 years, I believe many of them will be positive but if you have any questions or concerns and would like to discuss them I would be happy to talk.
Have questions or want to discuss your next move? I would love to chat. You can find my contact informatin below.
You’ll just love this beautiful 1938, 4 bedroom 3 bath home is loaded with charming, vintage details, many of which are newer, but crafted to match the era of the home. On the main level you have a large, light filled living room with gorgeous period fireplace with gas insert, updated kitchen and bath that were both redone to uphold the wonderful vintage styling of the home and two bedrooms, both with access to the backyard deck and delightful backyard.
The upper level features the fantastic primary suite with hardwood floors, vaulted ceilings, built ins, skylights and bathroom.
The lower level has access from the main floor or outside which lends to the potential for a lower level ADU. Warm and inviting family or media room, 4th bedroom with egress, laundry facilities and lots of storage.
The home sits on an oversized 75 x 100 lot which may offer room to build. Comes with an enormous three-car garage with attached garden shed, a lovely fenced backyard with both deck and patio, a rose garden and mature trees.
Recent updates include, new south side Marvin infinity double hung, lowE2 efficient windows with transferable warranty, new electrical service and panels for both the home (200 amp) and garage (100 amp), attic insulation and new backyard fencing.
The sweet neighborhood is quiet and full of lovely neighbors. It’s situated between the Albert Arts district and up and coming 42nd Ave. And just a short distance from Fremont St and all that has to offer. Plus it’s just short walk to the infamous Kennedy School, Common Grounds and New Seasons grocery.
Welcome to Portland, where the real estate market is as eclectic as the city itself. In 2024, navigating Portland’s housing scene feels like embarking on a treasure hunt through a maze of coffee shops, food trucks, and indie bookstores. Buckle up – we’re diving deep into the weird and wonderful world of Portland real estate!
Neighborhood Chronicles: Where the Streets Have a Story to Tell
Let’s start our journey in Southeast Portland, where each neighborhood has its own distinct personality. From the bohemian charm of Belmont to the artisanal vibes of Division, every street corner whispers tales of local lore and community spirit. Imagine strolling down Hawthorne Boulevard, where vintage shops rub elbows with craft breweries, and front porches are adorned with succulent gardens that rival the botanical gardens downtown.
Hipster Havens and Hidden Gems
Portland’s real estate scene isn’t just about homes; it’s about lifestyle choices. Want to live in a converted warehouse-turned-loft in the Pearl District? Or perhaps you’re drawn to the tiny house movement flourishing in Kenton? Every corner of Portland offers something unique, whether you’re craving a cozy bungalow in Laurelhurst or a sleek condo overlooking the Willamette River.
The Art of the Deal: Portland Style
In Portland, navigating real estate deals can feel like balancing on a unicycle at a street fair. Bidding wars are still a reality, especially for those charming, well-marketed homes that everyone loves. While some properties linger on the market, politely waiting for a price drop might mean missing out. The key? Partner with a savvy agent who can spot the hidden gems and negotiate before a new price tag sparks a frenzy. It’s not just about making an offer; it’s about crafting a strategy, staying ahead of the curve, and sometimes, acting faster than you can say “locally roasted coffee.”
Sustainability Meets Style
Speaking of sustainability, Portlanders take green living seriously. Homes with solar panels, rainwater collection systems, and edible gardens aren’t just trendy; they’re a testament to Portland’s commitment to eco-friendly living. Want to reduce your carbon footprint? There’s a passive house for that. Prefer to grow your own kale? Welcome to the urban farm movement.
The Portland Promise: Where Community Comes Home
Beyond the quirky cafes and food carts, Portland’s real estate market is a reflection of its vibrant community spirit. Neighborhood associations thrive, fostering a sense of belonging that goes beyond property lines. Whether you’re attending a block party in Sellwood or joining a community garden in Woodstock, buying a home in Portland isn’t just about four walls; it’s about becoming part of a larger narrative.
Finding Your Place in Portland’s Patchwork
As we wrap up our tour of Portland’s real estate scene in 2024, one thing is clear: this city isn’t just a place to live; it’s a place to belong. Whether you’re drawn to its quirky charm, its commitment to sustainability, or its thriving community spirit, Portland offers a home for every dreamer and doer. So, grab your bike, sip on some locally brewed kombucha, and let’s explore what makes Portland the city where weird meets wonderful – and where every house tells a story.
Buying a home is one of the most significant decisions you’ll ever make, and the stakes are high. In today’s market, competition for desirable homes can be intense- and once your offer is accepted, it’s easy to become emotionally attached to the idea of a new life in your new home. However, sometimes, despite the excitement and effort put into a winning offer, walking away from a pending purchase is the best decision. Here are key scenarios where it might make sense to reconsider your decision.
A thorough home inspection is a critical step in the home buying process. If your inspection uncovers significant issues such as structural damage, outdated electrical systems, plumbing problems, or mold infestation, these can lead to substantial repair costs and potential safety concerns. While most issues can be resolved (either through seller repairs or concessions from the seller that make repairs possible after closing), major problems may not be worth the risk or expense. Key questions to consider are, “is the seller willing to negotiate?” and “are these issues ones I can address over time?” Your realtor will be your best guide on sussing out what’s possible- and, making sure that you are able to protect your earnest money if you decide to walk.
In Portland’s competitive market, bidding wars can drive prices up. However, if the home appraises for less than the agreed-upon purchase price, your lender may not approve the full loan amount. This means you’ll need to come up with the difference out-of-pocket, which may not be feasible. If the seller is unwilling to lower the price- or, you’re unable to bring extra cash to the table to bridge the gap- it might be wise to walk away. If you suspect a home you’re writing an offer on won’t appraise at value, work with your realtor on crafting an offer that offers protection against appraisal gaps. While most homes out there appraise “at value,” a low appraisal doesn’t always mean you need to walk. Your realtor can often gather additional information to help you appeal an appraisal and hold things together.
A clear title is essential for a smooth home purchase. If the title search reveals unresolved liens, disputes, or legal issues, these could become your responsibility after the purchase. Title insurance can provide some protection, but unresolved title issues can be a deal-breaker. Your realtor can help you determine whether a title issue is resolvable, or whether it makes more sense to bounce.
Even with pre-approval, changes in your financial situation or the lender’s policies can cause your mortgage to fall through. Losing your job, acquiring new debt, or significant changes in interest rates can impact your loan approval. Without secure financing, proceeding with the purchase isn’t possible without an alternative plan. Be sure to keep your realtor (and your lender) abreast of any potential changes- that way, there’s time to try and pivot.
After making an offer, you might discover issues with the neighborhood that weren’t apparent initially. This could include plans for undesirable developments or zoning changes that change livability or future property values. If the community doesn’t meet your expectations for safety, amenities, or future growth, reconsidering the purchase is prudent. Working with a realtor who is well-versed in the neighborhoods you’re shopping in is a great way to avoid problems from the start.
If the home is part of a Homeowners Association (HOA), it’s crucial to review their rules and regulations. Excessive restrictions, high fees, or poorly managed HOAs can lead to ongoing frustrations and financial burdens. If the HOA terms don’t align with your lifestyle or budget, it’s a valid reason to walk away. Your realtor may suggest that you consult with an attorney as you are reviewing HOA documents.
If you discover that the seller has intentionally withheld important information about the property, such as past damage, renovations without permits, or neighborhood disputes, this breach of trust is a significant red flag. Full disclosure is essential for making an informed decision, and lack of it can justify backing out of the deal. It’s important to note that most sellers don’t know *everything* about the property they’re selling- so consult with your realtor if you have concerns about what’s been disclosed. Sometimes, it’s just an ordinary oversight on the part of a seller- and can be remedied with simple clarification paperwork. Other times, it’s more serious. Your realtor can help you sort the difference.
Life is unpredictable. Job relocations, changes in family dynamics, or health issues can arise, making the purchase impractical. Personal well-being and stability should always come first, and sometimes that means delaying a home purchase. If you’re thinking of making a home purchase- let your realtor know of any potential life events that are on your radar. They can help you make informed decisions about how best to pivot, if pivoting is needed.
Walking away from a pending home purchase isn’t a decision to be taken lightly. Sometimes, there are big financial consequences to bailing- including losing your earnest money or legal action from the seller for breach of contract. But sometimes- walking is the best course of action to protect your financial and personal well-being. Your realtor can help you evaluate options and guide you though the proper way to exit a transaction.
Buying a home is a big deal. Your realtor can help you conduct thorough due diligence, seek additional professional advice, and make decisions that protect your interests. The right home, free of significant issues and in a suitable neighborhood, will eventually come along. Remember, it’s better to wait for the right opportunity than to regret a rushed decision.
Have questions about the home buying process? Thinking of making a move? Reach out! I’d love to help you find your next Living Room.
Here is how you can potentially save your self thousands of dollars:
Buying a home is a significant milestone and financial commitment in anyone’s life. Whether you’re a first-time homebuyer or seasoned investor, one of the crucial steps in the process is the home inspection. In the Portland Oregon Real Estate Market, it’s typical for buyers to arrange and pay for their own inspections. However, there are scenarios where sellers might provide pre-listing inspections or share reports from previous transactions. While this might seem convenient, it’s not always in the buyer’s best interest to skip their own inspections.
Here Is Why You Should Perform Your Own Inspections:
Quality Varies Among Inspectors
I have a list of amazing inspectors I recommend to my client. However, not all inspectors are created equal, and there can be significant differences in the quality of inspection reports. A report from a trusted inspector can provide invaluable insights into the condition of the property, and potentially uncovering issues that might not be immediately apparent.
Human Error is Possible
Even the best inspectors are human and can miss things. By conducting your own inspection, you increase the likelihood of catching any overlooked issues. Multiple sets of eyes on a property can reveal different perspectives and insights that contribute to a more comprehensive understanding of the homes condition.
Financial and Peace of Mind Benefits
Investing in a home inspection typically costs between $800 to $1,000, depending on the size of the home and type of property. While this might seem like an additional expense, it is a crucial investment that can save you thousands of dollars in potential repair costs down the line. Knowing the true condition of the property also provides peace of mind, allowing you to make informed decisions about your purchase.
The Importance of Due Diligence
Buying a home involves substantial financial commitment, and skipping or relying solely on seller-provided inspections can be risky. Sellers may not disclose all issues, and even well-intentioned pre-listing inspections might not capture everything. Conducting your own inspections ensures that you have a thorough understanding of the property’s condition and empowers you during negotiations.
Conclusion
To summarize, while there might be occasional circumstances where sellers provide comprehensive inspections, or the rare case where you may need to “waive” inspections to secure a home that has already been pre-inspected. In general, performing your own inspections will always be your best bet. Remember, buying a home is a significant milestone, and investing in professional inspections is a small price to pay for the long-term security and peace of mind it provides.
If you’re considering buying a home in Portland or want to learn more about the home buying process, I’m here to help. Let’s connect and discuss how I can assist you in navigating through the complexities of real estate transactions. Together, we can ensure that you are motivated, educated, and empowered to make the best decisions for your future home purchase. Contact me to schedule a consultation and take the first step towards owning your dream home.
What we discuss:
The importance of an expert buyers agent in this new real estate market landscape.
The opportunities in the Portland Real Estate Market for home sellers.
New predictions for interest rates.
The heat of this market seems to continue as we head into the summer!!
Activity in the Portland Metro market continues its upward trend with heightened activity across the board.
And it shows in the numbers:
New listings were up 28% with 3,120 homes hitting the market. (Whoohoo more options for home buyers!)
Pending sales were up 8% with 2,313 homes going under contract.
And sold homes were up 19% with 1,883 going to new homeowners.
Inventory of homes actually saw a slight increase from 2.3 months to 2.4 months. Meaning if no new homes were to hit the market, based on demand, we would run out of homes in about 2 and a half months.
The average sales price has remained steady at $604,000, showing that with demand remaining so high for housing in the Portland market, even with high interest rates, prices have remained stable.
Speaking of interest rates, we have seen them fluctuate slightly in the last few weeks, both up and down, and as discussed last month, it is projected that rates will not see any drastic decrease anytime soon. The most we can likely hope for is one to maaaybe two decreases by the end of the year. Womp womp.
While activity is up and energy is high in our market it’s important to note, especially for you home sellers, that not every home is performing the same in this market, the average days on market in the Portland Metro Area is 83 days (I will just brag quickly that the average days on market for a Living Room Realty listing is 5 days. Our high-level marketing strategies, level of experience, and industry-wide reputation really pay off for our clients). So while we are seeing a lot of homes go pending in a weekend (like the ones we list at Living Room) not all homes are getting those results. With that in mind, it is important that you do everything necessary to prep your home well and work with the right listing team to present your home in the best light.
Speaking of days on market, for home buyers, it is good to note that days on market are not a great determinant of whether a home will have competition or not. Yesterday I handed keys over to some buyers who wrote an offer on a home that got 4 offers even though the home was listed for 24 days and had a failed transaction prior. Luckily we employed high-level strategies to win them the home and as of yesterday they are now homeowners for the first time!
Also yesterday I wrote an offer for a family on a home that had been sitting for over a 100 days and suddenly two other offers came in.
So while this doesn’t happen in every case, just keep in mind that sometimes, just because a home is sitting does not mean you won’t have to compete against other home buyers.
If you are curious to learn more about the current market and hear some more anecdotes, watch the video above!
Looking to make a move in 2024? I am here for you. While this market is seeing heightened activity overall, different areas/price points/types of homes have their own unique market conditions, so its essential that we talk one-on-one about what you can expect based on your own needs.
You can find my contact info in my bio below. I look forward to talking with you and co-creating your custom strategy to achieve your dreams.
Want to buy a house in Portland, Oregon? Here is your step-by-step guide to making an offer on a house!
In home buying as in everything else, knowledge is power. The following list of steps is intended as a step-by-step guide to what YOU can do to best prepare yourself for making an offer on a house and making one of the most important purchases for your family and your life.
If you’ve done everything listed above and are satisfied that you would be comfortable assuming ownership of the house, and understand the costs involved, go ahead and make an offer! A great real estate agent can help you get through these steps, will guide you through the transaction once your offer is accepted, and will help you get to the finish line and into your new Living Room.
The home inspection is one of, if not, the most important part of your home purchase.
It is where you will learn the most about the home you are buying, where you will have the most negotiating power, and honestly it is usually the most stressful part of the transaction.
But the more eduction you have up front and the more expectation setting we do the easier it will be and the calmer you will be.
Here are some things to know about the home inspection process:
The cost:
The general home inspection: $500-700*
Radon test: $120*
Sewer scope: $100 – $150*
Oil tank sweep: $100 – $120*
*Cost can vary by location and provider but this is the average I see.
*Which inspections you perform will depend on the type of home, location and other factors but these are the main inspections I recommend.
A home inspection is an overview of the homes condition:
A home inspector will be able to give you a great idea of the overall condition of the home, and will be able to pin point key problems, (but keep in mind there are some limitations as inspectors are human after all and don’t have X Ray vision).
Its a negotiation tool and a future to-do list:
After you receive your inspection report you can use it as a tool to negotiate with the seller and it will also be helpful in determining the future work you will need to do and want to do to the home.
As, and this is an important point, the seller will not correct every single item that comes up on your inspection report (unless you buy a new build home). Because on average there will be 40-70 items on that report, with a varying level of urgency and concern.
When you negotiate repairs with a seller you will want to focus on the top 1-4 health and safety concerns.
The rest of the items will typically be repairs you can do yourself (yay weekend hardware store trips) or ones you will hire out to contractors (which I will give you recommendations for).
Inspections can be an overwhelming part of the process, but that is why I am here as your buyers agent to help you through it all. If you want to meet and talk more about the home buying process reach out via my contact information below.
|
|
|
|
|
|
|
|
Spacious Montavilla Craftsman with historical charm! Spend peaceful mornings or sunny afternoons on the classic porch swing perch watching the neighborhood awaken or the sun set over Portland. Step through the formal entry to the inviting living room with show stopper fireplace, inlaid hard-wood floors, and picturesque windows. The formal dining room features box beam ceilings, more beautiful windows, hardwood floors, and a darling office nook. The kitchen is well appointed with ample counter-space, storage, an eat-in peninsula, and sliding doors to the back yard. The second floor boasts four bedrooms, including a primary suite with a bathroom and walk-in closet. A large family room with a cozy fireplace, a full laundry room, and a full bath are found on the lower level. Choose your own adventure with the extra finished bonus space over the garage: workspace? game room? craft space? music studio? or potential ADU!
The backyard is fully fenced with a sunny deck, patio, and handy shed. And bonus points for the wide driveway that leads to a rare two-car garage!
This ideal location is very close to Mt. Tabor Park, and mere blocks to Montavilla shops, coffee, restaurants, and a fantastic Farmer’s Market. You’ll love the easy freeway access, proximity to public transportation, and equal distance (15-minute drive) to downtown and the airport!
What we discuss:
Multiple offer situations returning to the market.
Seller motivation returning to the Portland Real Estate Market.
New predictions for interest rates.
If you are wanting to talk more about your 2024 home selling or home buying plans I am here for you. While this market is seeing higher activity overall, different areas/price points/types of homes have their own unique micro markets, so it’s critical that we talk one on one about what you can expect based on your own needs.
You can find my contact information below. I look forward to talking with you!
3 bed | 2.5 bath | 1529 sq. ft.
MLS# 24349587 | Taxes: $5706.46 | HOA dues: $83/mo
Open Houses | Saturday, April 27th 11-1 | Sunday, April 28th from 12-2
Immaculately maintained, almost new home! High-end COMPLETELY DETACHED, single-family style condo built in 2021! This 3 bedroom, 2.5 bathroom home is the perfect spot for you and your plant friends to soak up the Portland sun.
Special Features
Welcome!
The perfectly laid out living room has a gas fireplace flanked by a large window and slider that allows light to flood into the space.
The open floor plan has a great flow between kitchen, dining and living room.
The sleek, high-end kitchen has a powered island prep space, stainless steel appliances, quartz countertops and plenty of storage.
The main floor is complete with a tucked away powder room.
Through the slider, you have easy flow between the house and the private, fully fenced patio.
The wide plank oak laminate floors also flow upstairs where you’ll find a luxurious primary suite with coved ceiling, walk in closet, soaking tub and shower.
Primary en suite bathroom has a shower and soaking tub.
You’ll also find double sinks and a separate toilet room in the en suite bathroom.
Down the hall are two nicely sized bedrooms, a well-appointed hall bathroom and a laundry room.
The attached, extra deep garage is right off the kitchen for easy access and gives space for storage or a workshop.
Quiet, tucked away neighborhood with great access to services, the freeway, PDX airport and public transport at Gateway transit.
Income-producing, multi-generational, updated systems, oh my! This Woodstock ranch understood the assignment. Enjoy the full extent of all this home has to offer OR score a huge house hack win by renting out one level and living in the other.
The upstairs will make every purist’s heart go pitter patter with its original hardwoods, doors, and formica accents. It features 2 sizable bedrooms (think king beds) with ample closet space, bright living room with wood-burning fireplace, a spacious dining room, kitchen w/ nook and SS appliances, plus a full bathroom with dual vanity. And while she’s retro radical as-is, there’s still opportunity for value-add upstairs…we all love us some sweat equity!
Downstairs is a whole new world, equal parts stunning and functional. Accessed from inside or separately from the exterior, your renters or guests will enjoy high ceilings, a spacious living area, tasteful kitchenette fit for a chef, bedroom with egress, stunning full bath, and washer/dryer! *The downstairs unit most recently rented furnished for $2500/month!*
Large fully fenced backyard, covered patio, firepit. The detached garage features a second stackable washer/dryer and utility sink, and could double as the perfect workshop. So many updates: HVAC, plumbing, sewer, radon mitigation…the list goes on. Just minutes to Woodstock Park, Toast, New Seasons, Heart Coffee, Proper Pint, Cloud City Ice Cream, and everything else that Woodstock has to offer. DREAMY. Bikescore 99, Walkscore 81.
OPEN HOUSES: Sat 4/20 + Sun 4/21, 11-1pm
3 bed | 2 bath | 2212 sq ft | 0.11 acres | built 1949
$649,000
Visit the property website for more info, photos, and video!
Looking to live the Portland dream? Quintessential craftsman, tight-knit neighborhood pride, lovingly updated but not stripped of its charm, with hardwoods and porches and location to boot? Meet Massachusetts!
Everything about this home feels right. Soft earthy colors, big picture windows, and open but defined spaces give “home sweet home” vibes. Sunny and spacious living and dining spaces spill into each other through original pocket doors. The updated kitchen features stainless steel appliances, reclaimed butcher block counters, and a breakfast nook that could offer extra pantry space or a homework spot. Two ample bedrooms w/ high ceilings and a darling bathroom with penny tile round out the main level.
The primary bedroom upstairs feels like a retreat from the rest of the house and offers privacy, tons of storage space, and a nook for potential work from home office. The spacious partially finished basement with exterior entry features a second full bath (with sauna!) and roomy 4th bed/flex space, begging the question – what else could you do down here?! An exciting opportunity for its next owners.
Private backyard with mature landscaping, Asian pears and blueberries to pick, plus a Trex deck perfect for entertaining and dining al fresco. Detached garage for your gear. EV charger. High-eff furnace, newer water heater, electrical panel, and light fixtures. So many cozy spaces to curl up with a good book in this one.
All this in the charming Overlook Triangle, half a block to the nature patch and park with expansive views of the river, bridges, and Forest Park. Minutes to transit, Mississippi, and downtown. Bike score 93!
OPEN HOUSES: Sat 4/20 + Sun 4/21, 11-1pm
3 bed | 2 bath | 2790 sq ft | 0.11 acres | built 1910
|
|
|
|
|
|
|
|
Buying a home in a competitive sellers market can seem intimidating. But with a good deal of preparation, education and the right real estate team to support you, you can be highly successful.
Here are 4 things you should do prior to shopping for homes:
Meet with a lender ASAP.
Having an initial conversation with a lender about where you are financially, where you need to go and how to get there will save you so much time and headaches.
If you don’t have a go to lender, your realtor (aka me 
) can send you a few recommendations.
Get really clear on your home wants and communicate them to who ever you may be buying with and with your real estate team.
This will also save you so much time as there is no sense in us looking at homes without a fireplace if a fireplace is a necessity to you.
If you are starting the home buying process but don’t plan to buy for a while, look into opening a high yield savings account and put your downpayment funds and other expenses for the purchase in it.
That way you will have a specific place for saving up for your home purchase AND you will make great interest on the money adding to your funds to purchase.
Connect with a realtor as soon as possible.
Even if you don’t plan to purchase a home for some time, the earlier you meet with a realtor the more time they have to educate you on the process.
I just met with a couple last week who don’t plan to buy till 2025 this had me excited as we have so much time to talk about the ins and outs of the home buying process, research the types of homes that could best meet there needs, and we can watch the market trends so they are clued into how homes in their area of interest are performing in the market.
If you are wanting to co-create your winning home buying strategy I am here for you. You can find my contact info below. I look forward to talking with you!
Introducing the Sabin Solution: the answer to your real estate equation. Dream location + quintessential charm + flexible layout = one smart move.
Open living on the main, with gas fireplace, custom shelving, and newly refinished hardwoods. The functional kitchen with quartz counters, custom wood cabinets, SS appliances & 5-burner gas range was designed by a chef and featured in cookbooks! Two beds + full bath up, with ample closets + new combo ceiling fan/lights with dimmable and color temp options.
Downstairs is freshly painted and accessible from inside but could be a whole separate living space with its exterior entry. Options for multigenerational living or income potential? Chill out in the large family room with gas fireplace and built-in speakers, or set up your workspace or studio. Put up guests in style with the bedroom, en-suite bath with jetted tub and dual head walk-in shower, plus laundry and wet bar.
Your own private oasis awaits you out back. Extensive landscaping, paver patio, hot tub, gas hookup, raised garden beds, and sleek, spacious toolshed, all under a gorgeous magnolia canopy.
Other recent updates include exterior paint, gutters, radon mitigation, central AC, custom glass awning, and recessed lighting. Plus newer windows throughout and a Home Energy Score of 9!
All of this in idyllic Sabin, minutes to Whole Foods, Starbucks, the best of Alberta, Irving Park, and public transit. Bike Score 100, Walk Score 85!
OPEN HOUSES: Sat 4/6 + Sun 4/7, 11-1pm
3 bed | 2 bath | 1612 sq ft | 0.12 acres | built 1947
Visit the Sabin Solution’s PROPERTY WEBSITE to see more photos, video, and a 3D tour!
What we discuss:
How we are seeing higher real estate market activity across the board.
The benefits of this market for sellers.
How competition is high for buyers even though rates are still high.
The NAR settlement.
The Spring real estate market is in full swing and it shows in the numbers:
New listings were up 7% last month with 2,085 homes hitting the market.
Pending sales were up 16% with 1,742 homes going under contract.
Sold home activity was up 16% with 1,284 homes going to new homeowners.
Inventory of homes went back below 3.0 months down to 2.8 months.
The average sales price also did not move much with an average of $609,000.
Overall we have been trending back to a hot sellers market and that market is here.
Even with high interest rates (which unfortunately are predicted to stay at current levels through the summer) buyers are finding new motivation and are out there and ready to buy.
If you are a potential home seller this is great news.
When we take the proper steps to prep your home, stage it, market it and most importantly price it right (this is especially important with rates still being high) we have a higher likelihood of entering into a multiple offer situation than we have seen in the last year or so.
We should see buyer activity remain high through the rest of the Spring and early Summer but it will likely tapper off as we head further into the year. So time is of the essence to some degree if you are looking to take advantage of the current market.
If you are a home buyer or someone thinking of buying a home this year, competition certainly is back.
When we find a home you love, you can expect that you will likely be competing with at least one other buyer.
But don’t fret, we have a bunch of high level negotiation strategies we can use to help you compete and win.
Also, if you have seen the news lately, you have probably heard of the NAR (National Association of Realtors) Settlement regarding agent compensation and transparency. I talk a bit about it in the video above (I believe around minute 5) but if you have any questions and or want to talk about it in more detail I am here.
And as always, if you are wanting to talk more about your Spring home buying or selling plans I am here for you. While this market is seeing higher activity overall, different areas/price points/style of homes have their own unique micro markets, so its important that we talk one on one about what you can expect based on your own needs. You can find my contact information below.
Milwaukie, OR was founded in 1847 and in 1962 was dubbed “The Dogwood City of the West,” a nickname proudly and officially pronounced by the City Council alongside the dogwood blossom, which was simultaneously declared the city flower. At the time it was said that Milwaukie was home to the oldest and largest Dogwood tree in the world. Though that particular tree no longer stands today, the city continues to celebrate its affiliation with this iconic tree and in 1985 even declared May 21st to be a city holiday—Dogwood Day. The city has an instagram account and encourages residents to celebrate their beloved neighborhood dogwoods (#milwaukiedogwood).
Milwaukie, Oregon is rich with a variety of parks and green spaces that cater to the outdoor enthusiast, families, and individuals looking to connect with nature. Here are some notable parks in Milwaukie:
1. Milwaukie Riverfront Park: This scenic park sits along the banks of the Willamette River, offering stunning views and a tranquil atmosphere. It features walking paths, picnic areas, and a boat ramp, making it an ideal spot for leisurely strolls, picnics, and water activities.
2. Spring Park: Known for its lush greenery and picturesque setting, Spring Park is a popular destination for outdoor recreation. It has playgrounds, sports courts, walking trails, and a disc golf course (a popular Oregon pastime).
3. Dogwood Park: Nestled in a residential neighborhood, Dogwood Park is a charming community park with amenities for all ages. Visitors can enjoy playground equipment, sports fields, picnic areas, and a dog park, making it a favorite spot for families and pet owners alike.
4. North Clackamas Park: This expansive park offers something for everyone, from sports enthusiasts to nature lovers. It features athletic fields, tennis courts, a skate park, and walking trails, as well as a disc golf course and a BMX track. With its diverse range of amenities, North Clackamas Park is a hub of recreational activity year-round.
5. Century Park: Situated near downtown Milwaukie, Century Park provides a peaceful retreat from the hustle and bustle of city life. It features open green spaces, walking paths, and a playground, making it a serene oasis for relaxation and play.
6. Trolley Trail: While not a traditional park, the Trolley Trail deserves a mention for its significance in Milwaukie’s outdoor landscape. This scenic trail follows the path of the historic Portland Traction Company railway line, offering walkers, joggers, and cyclists a picturesque route through the city’s neighborhoods and natural surroundings.
In 2021, my life took an exciting turn as my husband accepted a position at Clackamas Fire, leading us to make the pivotal decision to relocate to Milwaukie, Oregon. Little did I know then that this quaint town nestled in the heart of the Pacific Northwest would capture my heart.
A multitude of factors drove our decision to move to Milwaukie. One of the primary draws was the promise of expansive lots, offering ample space for our family to thrive and grow. Coming from a bustling city, the prospect of a quieter community was incredibly appealing, providing a welcome respite from the hustle and bustle of Portland.
Accessibility was another key consideration in our relocation. Situated just south of Portland, Milwaukie boasts excellent connectivity, making it easy to commute to neighboring areas while still enjoying the tranquility of suburban living. Despite its proximity to the city, Milwaukie maintains its distinct identity, offering a unique blend of urban amenities and small-town charm.
One of the greatest joys of living in Milwaukie is its proximity to nature. The city is full of amazing green spaces and easy access to outdoor adventures like paddle boarding along the Willamette or floating the Sandy River.
For us, Milwaukie has become home and has offered the perfect blend of nature, space, and community.
MILWAUKIE, a city just outside of Portland in Clackamas County (with the exception of a small portion of the city in Multnomah County), is a suburb known for its larger lots, smaller town demeanor, and affordability as compared to surrounding neighborhoods. For a long time Milwaukie has had “up and coming” written all over it, a fate recently confirmed by the addition of the Milwaukie New Seasons, the development of which has long been viewed as a major indicator of increased investment in a community.
Spring is here and whether you are laying low or taking a small road trip or grand vacation, it’s a great time to enjoy the great outdoors. For the last few months, we’ve been cozying up indoors with our loved ones, and now it feels good to get out! Take a look below at some fun ways to take a break this spring.
. 
#portlandrealestate #toprealestateagentspdx #realestateportland #livingroomrealty #ADUexperts #ADUspecialists #ADUconsultation #realestateagent #topagents #bestportlandrealtor #buyingahouse #sellingyourhome #buyingandsellingrealestate #investmentproperty #firsttimehomebuyer #paringdown #emptynesters #excellentclientcare #bestexperience #propertymavens #dulcineamyersnewcomb #aryneblumklotz #buying #selling #wheresyourlivingroom #movingtoportland #relocation #lovewhereyoulive #buyyourdreamhome
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped hundreds of clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
SUNNYSIDE – A relatively small geographic area in Southeast Portland, surrounding Sunnyside Environmental School. Dense with character, color, flavors, vibes and great people, Sunnyside is an old-school neighborhood where the streets fill up when it’s sunny, gatherings pop up in the parks, 100 person bike rides cruise our streets. I really love it. My family has called this neighborhood home since 2009. Our kids grew up in the school classrooms, on the playgrounds.
Hawthorne to Stark, from the 20s to the 40s… There are only about 200 square blocks that can celebrate themselves as Sunnyside.
Sunnyside Environmental School – As a Sunnyside parent, I have endless gratitude for the teachers and staff at SES. They are advocates, friends, guidance counselors and some of the most inspired and committed people I’ve known.
Powell’s Books and the other Hawthorne shops have been on our weekly circuit for 15 years.
Restaurants: Indian & Lebanese bites, killer pizza & fried egg sandos, Turkish coffee & acai bowls. All the goodies…
SEE…
Since 2009, our family of four has been digging into delicious meals all over Sunnyside, Portland – we’ve tallied up around 640,000 of them! From cozy cafes to mom-and-pop joints, we’ve found our favorite spots for every occasion. Whether it’s a laid-back lunch or a special dinner out, these restaurants aren’t just places to eat – they’re where we’ve shared laughs, caught up with neighbors, and enjoyed some seriously tasty grub. Here are just a few of my family’s favorite places to eat in Portland’s Sunnyside neighborhood.
Located at the corner of SE Belmont and 34th, Hoda’s is more than just a restaurant; it’s a slice of home for those seeking comforting Middle Eastern flavors. From the first bite of their falafel to the last taste of their lamb shawarma, each dish feels like a warm embrace. But it’s not just the food that keeps drawing us back – it’s the hospitality and sense of community that radiates from every corner of Hoda’s. In a city known for its culinary scene, Hoda’s stands out as a place where you’re not just a customer, but a cherished guest welcomed with open arms.
Opening in early 2022 and located at the corner of SE Belmont and Se 29th, Bluto’s brings the vibrant flavors of Greece to the Pacific Northwest. With an eclectic menu showcasing traditional Greek dishes with a modern twist, every bite at Bluto’s is a delightful journey through Mediterranean cuisine. But it’s not just about the food – Bluto’s warm and inviting atmosphere creates a dining experience that’s both comforting and unforgettable.
Pad Thai Kitchen serves up authentic Thai cuisine that’s as flavorful as it is comforting. With traditional dishes like Pad Thai and Green Curry, ensuring each bite is exceptional. Beyond the food, its cozy atmosphere and consistently friendly service make it the ideal spot for a taste of Thailand in Portland. Whether you’re a Thai food enthusiast or simply seeking a satisfying meal, Pad Thai Kitchen provides an unforgettable dining experience that keeps patrons returning for more.
Waffle Window is a family-friendly spot, perfect for breakfast enthusiasts and sweet-toothed patrons. Since its inception, it has served up creative waffle creations, from classic Belgian waffles to indulgent savory options. With its cozy atmosphere, friendly service, and grab-and-go options, Waffle Window offers a memorable dining experience for families to enjoy together.
The Hazel Room isn’t just a restaurant; it’s a cozy spot for tea lovers and those seeking meaningful conversations. With its welcoming atmosphere and comfortable surroundings, The Hazel Room is the perfect place to unwind with a cup of tea and engage in unhurried chats. Offering a diverse selection of teas, from classic blends to unique herbal varieties, there’s something to suit every taste. Whether you’re catching up with friends or enjoying a quiet moment of reflection, The Hazel Room provides the ideal setting.
Harlow serves delicious plant-based cuisine, catering to health-conscious foodies. Since its inception, the restaurant has been dedicated to crafting vibrant, nourishing dishes using locally-sourced, organic ingredients. From hearty grain bowls to refreshing smoothies, each menu item is carefully crafted for a satisfying dining experience. Whether you’re a devoted vegan or simply looking to add more plant-based meals to your diet, Harlow offers a diverse menu to suit all tastes. With its cozy atmosphere and commitment to sustainability, Harlow invites diners to enjoy the flavors of the Pacific Northwest while nourishing both body and soul.
Straight From New York Pizza (SFNY) is a local favorite for those craving a taste of authentic New York-style pizza. Whether you’re looking for a whole pie to share with friends or a quick slice on the go, SFNY offers both options to satisfy your cravings. With a deep menu boasting a variety of toppings and specialty pizzas, there’s something for everyone. With its commitment to supporting local businesses and neighborhoods, SFNY not only offers delicious pizza but also contributes to the vibrant community spirit of Portland.
Looking To Learn More About Sunnyside?
As a Sunnyside parent, I have endless gratitude for the teachers and staff at SES. They were advocates, friends, guidance counselors and some of the most inspired and committed people I’ve known.
From the early days, SES was built with focus; children are pushed to develop the academic and social-emotional skills that lead them to be critically conscious, curious members of the larger community. Interconnectedness and environmental justice are core to the school’s philosophy. Read more about their mission HERE.
SEE…
Multiple vintage theaters flank the Sunnyside neighborhood. And there’s no way you don’t run into others from the ‘hood at the Baghdad, Laurelhurst or Cinemagic while you’re there. McMenamins has spent decades preserving old Portland buildings with theaters and legacy bars like Greater Trumps. Old Portlanders will complain about the fries (or the price of the tots), but the spaces are as much a part of Portland as the White Stag/Old Town sign.
From the days of Hawthorne Street cars:
SEE…
At the heart of the Alberta Arts District, there is access to some of Portland’s most exciting establishments. Concordia and Vernon, the two neighborhoods that make up the majority of the Alberta Arts District, are the perfect neighborhoods for the active urbanite. Concordia ranks 34th and Vernon 15th most walkable neighborhood in Portland and has an average Walk Score of 83. Residents can walk to more than 25 restaurants, bars, and coffee shops within five minutes.
Currently, with 34 total properties on the market, Concordia/Vernon is Northeast Portland’s hottest neighborhood. This aligns with recent real estate trends, as the market continues to heat up during the transition into spring. The average prices for Concordia/Vernon have a median list price of $499,900 and 15 days on the market.
Dinner: Gabbiano’s
Brunch: Petite Provence, Tin Shed Garden Cafe
Coffee & Tea: Proud Mary Cafe, Bardo Tea
Nightlife: Bar Cala , Radio Room
Arts and Culture: Alberta Rose Theatre, Last Thursday
Parks: Alberta Park, Fernhill Park
Click to learn more about the Alberta Arts District businesses
Average Home: $740,000
Average Home: $630,000
Average Home: $798,000
Average Home: $897,500
Average Home: $799,500
#portlandrealestate #toprealestateagentspdx #realestateportland #livingroomrealty #ADUexperts #ADUspecialists #ADUconsultation #realestateagent #topagents #bestportlandrealtor #buyingahouse #sellingyourhome #buyingandsellingrealestate #investmentproperty #firsttimehomebuyer #paringdown #emptynesters #excellentclientcare #bestexperience #propertymavens #dulcineamyersnewcomb #aryneblumklotz #buying #selling #wheresyourlivingroom #movingtoportland #relocation #lovewhereyoulive #buyyourdreamhome
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped hundreds of clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Welcome to March Magic for Bird Lovers in Portland! As the city gears up for spring, it’s the perfect time to transform your backyard into a haven for wild birds. Whether you’re a seasoned birder or just starting out, here’s your ultimate guide to attracting and feeding wild birds in Portland during March.
Selecting the right feeders is key to attracting diverse bird species to your backyard. Tube feeders cater to smaller birds like finches and chickadees, while platform feeders are ideal for ground-feeding species such as sparrows and juncos. Don’t forget suet feeders for woodpeckers and nuthatches!
Offer a diverse menu to entice various bird species. Invest in high-quality birdseed blends containing sunflower seeds, millet, and cracked corn. Black oil sunflower seeds are a favorite among many backyard birds, while nyjer seed attracts finches like goldfinches and pine siskins. Backyard Bird Shop is one of my favorite local resources for all things bird-related.
Even in chilly March, wild birds need access to clean water for drinking and bathing. Invest in a birdbath or shallow dish and ensure it’s filled with fresh water daily. Consider adding a heating element to prevent freezing during cold spells, ensuring year-round water access.
Native plants provide essential shelter and habitat for wild birds. Plant native shrubs and trees like Oregon grape, serviceberry, and Pacific wax myrtle to offer protection from predators and additional food sources.
Regular maintenance is crucial for the health of your avian visitors. Clean feeders and water sources regularly to prevent disease spread. Remove moldy or spoiled food promptly, and keep the feeding area clean by raking up fallen seed hulls and debris.
Attracting wild birds requires patience and observation. Spend time observing bird behavior from a distance to avoid disturbance. Keep a journal to record species encounters and track their visits over time.
As March brings longer days and warmer weather to Portland, it’s the perfect time to welcome back our feathered friends. By following these tips for attracting and feeding wild birds in your backyard, you can create a sanctuary that brings joy and wonder to your life. Get ready to embark on a birding adventure right in your own backyard!
Spring isn’t on its way… it is fully here. At least within the world of real estate.
New listings went up by a whopping 89% last month.
With pending sales trailing behind with an increase of 14%.
Sold home activity decreased by 15%. Though that is more exemplarily of the market we are coming out of as sold home data, by its nature, always lags.
We did see home inventory go up to 3.2 months which is great news for home buyers who have been waiting to see more options hit the market!
Here is what I am seeing in the market and hearing from other realtors:
It’s HOT out here.
One realtor in my office mentioned a listing her clients wrote an offer on that got 7 offers and she estimates that the home went pending at at least $50,000 over asking.
Another realtor mentioned 30+ parties coming through her listing.
Not every listing is getting this level of activity but it does show that we are heading in the right direction towards a hot market.
Here’s how you can make the most out of this new market as a future home seller:
Price is going to be key.
As the market heats up, it will be tempting to list your home at your ideal dream price. But while things are getting competitive on the buyer side, not every listing is getting intense action.
It is really key that we price your home at a price that works for you, but also entice buyers and gets the most amount of people through your door.
We want your house to be the one that gets 30+ showings.
We will also implement a high-level strategy for marketing (this is where I come in) and a strategy to properly prep your home so it shines.
Here is how you can be successful as a buyer in this new market:
Preparation, education, and strategy will be key.
If you are reading this email you are already doing great when it comes to the preparation and education portion.
Having a high level of knowledge about market trends will be extremely helpful.
And the same thing goes when it comes to preparation. Getting your finances in order with a lender before shopping will be needed in this fast-paced market.
And then strategy. As we enter a market where you may write an offer on multiple homes before getting an accepted offer, it’s important that we set expectations of this new market reality and that we are being super strategic about what homes we look at and how we write our offers.
If you want to talk more about your 2024 home buying or selling plans I am here for you. While this market is seeing higher activity overall, different areas/price points/style of homes have their own unique submarkets, so it’s important that we talk one-on-one about what you can expect based on your own needs.
Contact me below and let’s co-create your custom home buying and or selling strategy.
This delightful, updated Craftsman could be yours in one of Portland’s most popular neighborhoods: Sellwood!
Offered at: $892,000
4 beds | 2.1 baths | 2507 sf (2250 above ground!)
5000 sf lot
Light-filled living room with charming leaded glass accents opens to a lovely formal dining room. Chef’s kitchen with quartz counters, butler’s pantry, breakfast nook, and induction range. A bedroom/den/office and sweet updated powder room (with room to expand!) round out the main floor.
The full-height, second level features a spacious primary suite, laundry closet, a second full bath, two additional bedrooms, and a fun bonus space for hobbies, lounging, exercising, or general rumpus room activities! Warm fir floors on the main, and cherry hardwood floors upstairs.
Many great updates including paint (interior and exterior), plumbing and electrical updates, new kitchen windows, new interior doors, new A/C, and a new 50 gal water heater. Peaceful backyard with grape arbor, mature asparagus, raised beds, patio, and a new fence.
Blocks to New Seasons, shops, restaurants, waterfront, and all the cuteness Sellwood has to offer! Walk Score = 94, Bike Score = 99
Want to see it? Call us – we’ll hook you up!
Erika George & Kari McGee
In Portland, Oregon, where creativity thrives and individuality is celebrated, the journey of a homebuyer can mirror that of the humble hermit crab, hunting for a shell along the rugged Oregon coast. As Portlanders embark on their house-hunting adventures, they can draw inspiration from the coastal creatures that navigate their surroundings in search of the ideal shell. Here’s what Portland home buyers can glean from the wisdom of hermit crabs:
Much like the eclectic spirit of Portland’s neighborhoods, hermit crabs are known for their ability to thrive in unconventional spaces. They’re not bound by traditional norms and are willing to explore hidden gems tucked away in unexpected corners. Portland home buyers, too, can embrace the city’s diverse architectural landscape, considering everything from cozy bungalows in Alberta Arts District to mid-century gems at the base of Mt. Tabor, each offering its own unique charm and character.
In a city where individuality reigns supreme, Portlanders understand that size isn’t everything when it comes to finding the perfect home. Just as hermit crabs prioritize shells with character and charm over sheer size, Portland home buyers appreciate the quirks and nuances of older homes with history and personality. From craftsman cottages adorned with lush gardens to modern masterpieces nestled in the hills, it’s the character that truly makes a house feel like a home in Portland.
Portland’s neighborhoods are as diverse as they come, each with its own distinct vibe and personality. Whether it’s the bustling energy of Southeast Division Street or the laid-back atmosphere of Laurelhurst, Portland neighborhoods reflect the unique interests and lifestyles of the people who live there. Like hermit crabs scouring the coastline for shells in prime locations, home buyers in Portland seek neighborhoods that offer a perfect blend of convenience, community, and, of course, a dash of quirkiness.
Portland has long been recognized as a pioneer in sustainability and green living practices. Just as hermit crabs instinctively understand the importance of protecting their environment, Portland home buyers are drawn to eco-friendly homes that minimize environmental impact and promote sustainable living. Whether it’s a LEED-certified home in the Hawthorne District, or craftsman with a 10/10 energy score in Sellwood, Portlanders are committed to reducing their carbon footprint and preserving the natural beauty of the Pacific Northwest.
In a city where local expertise and community connections are highly valued, Portland home buyers can benefit from leaning on the knowledge and guidance of a local real estate professional who knows the ins and outs of Portland’s diverse neighborhoods. Whether you’re new to town or just new to the neighborhood, it can be helpful to work with a Realtor who’s familiar with all parts of the metro area, and sees the big picture of the competitive market.
In the end, just as hermit crabs find sanctuary in the perfect shell, Portland home buyers can find solace and belonging in a place they can truly call their own. With a spirit of adventure, a dash of quirkiness, and a deep appreciation for all things unique, Portlanders can embark on their house-hunting journey with excitement and optimism, knowing that the perfect home is waiting to be discovered in the heart of the Rose City.
Looking for Portland homes for sale? Whether you’re in search of Portland real estate tips, lender connections, or a Realtor who can be your expert guide to the city, I’d love to help. Reach out today!
What we discuss:
The Spring Real Estate Market already coming to town.
How home buyers can be set up for success in a hot market.
And what opportunities this new market will have for home sellers.
Want to co create your winning home buying and or home selling strategy together? Let’s chat. Reach out at the contact information below.
No one knows for certain what 2024 has in store in the world of real estate. But in the video above we discuss a few widely predicted trends.
Here are a few highlights:
Interest rates are already trending downwards (whoohoo).
With this we are already showing higher motivation from home buyers which will continue to increase.
Hopefully, this means we will also see higher motivation from home sellers (as sellers notice the higher demand from buyers). Leading to more homes and more options to the market.
Meaning we can predict an active Portland Oregon Real Estate Market for most of 2024. We could potentially see the market slow down in the second half of the year, if we follow trends from past election years.
Want to discuss your potential home buying or home selling needs for 2024? I would love to connect. Reach out and we can set up a time.
You can contact me below or reach me at lily@lilyrayres.com.
As we bid farewell to 2023 and embrace the opportunities that lie ahead, many are considering significant life changes. For some, this includes buying or selling a home. Whether you’re a prospective buyer or seller, setting New Year’s resolutions can help guide you toward a successful real estate journey in 2024. Here are three resolutions that can pave the way for your real estate dreams to become a reality.
Embarking on a real estate journey without a clear vision of your dream home can be overwhelming. This year, make it a priority to define your criteria. Consider factors such as location, size, style, and amenities that matter most to you and your family.
Reflect on your lifestyle, future plans, and any specific needs or preferences. Are you looking for a midcentury ranch with space for entertaining? A charming bungalow with coffee shops nearby? By identifying your priorities, you’ll streamline your search, making the entire process more efficient and enjoyable.
Research neighborhoods, visit open houses, and explore different property types to gain insights into what resonates with you. As you refine your vision, you’ll be better equipped to communicate your preferences and narrow down options that align with your dream home.
Financial planning is a key aspect of any real estate endeavor. Whether you’re saving for a down payment, assessing your affordability, or planning for home improvement projects, setting clear financial goals should be a top priority.
Start by creating a realistic budget that considers not only the property’s purchase price but also additional costs such as closing fees, moving expenses, and potential renovation costs. If you’re selling, determine your ideal selling price and calculate potential profits or losses. Being financially prepared will not only streamline the process but also alleviate stress during the buying or selling journey.
If you’re not sure where to begin, talking with a financial planner and a lender is a great first step. I’m always happy to recommend resources. Don’t hesitate to send me a message.
Having a knowledgeable and experienced professional by your side can make a world of difference. Make it a resolution to find and collaborate with a reputable broker who understands the local market intricacies, has a proven track record, and can guide you through the complexities of a transaction.
A skilled agent can help you navigate negotiations, provide valuable market insights, and ensure a smooth process from start to finish. Their expertise can be particularly beneficial for first-time buyers or sellers, making your real estate journey more efficient and less stressful.
Interested in chatting more? Whether virtually or over a cup of coffee/tea, I’d love to talk more about how I can best serve your needs as a buyer/seller.
Embarking on a real estate journey in the new year is an exciting opportunity for growth and change. By setting these three New Year’s resolutions—defining your dream home criteria, setting clear financial goals, and working with a professional real estate agent—you’ll position yourself for success in achieving your homeownership or selling goals in 2024.
Here’s to a year filled with exciting real estate opportunities and the fulfillment of your housing dreams!
This h
oliday season I promised myself that despite the typical holiday chaos, I would try to take some time for myself and do something fun that I’d been putting off. Binge watching the Great British Bake Off inspired me to finally attempt some Peppermint Meringues I’ve always wanted to try making. They ended up being super easy and delicious! I’m looking forward to taking this newly acquired meringue expertise to the next level by attempting a Boccone Dolce made of meringues, fruit and whipped cream. Yum! If I can master this in time for a birthday party I’m hosting, it would be such a win!
If you have bigger projects on your resolution list, like buying or selling a house, I’d be happy to help you accomplish that goal by breaking that down into manageable steps. As with any project, baby steps (i.e. Peppermint Meringues) can be stepping stones to achieving the bigger goal (Boccone Dolce for that upcoming birthday party!).
Buying a home is an exciting milestone that can represent a step towards stability, investment, and creating a space that truly feels like your own. However, navigating the intricate process of home buying can often feel like a daunting task, filled with complex procedures, paperwork, and unfamiliar terms. Knowing where to begin, and how the process is going to unfold, can feel overwhelming.
Whether you’re a first-time homebuyer, looking to upgrade or downsize your current home, or you’re ready to invest – refreshing your understanding of the steps involved can make all the difference. The same is true in working with someone you trust to guide you through the process. A Realtor’s job is to provide you with the knowledge and confidence to make informed decisions throughout each stage of the journey, and most importantly, to negotiate on your behalf to ensure you reach your goals and vision.
Below is a simplified view of the home buying process. It details what you can expect along the way to a smooth and enjoyable experience.
Ready to explore buying or selling a home? I’d love to hear more. You can reach me at kelsey@livingroomre.com, @kcb_portland or 971.371.0203.
I am so excited to welcome my clients Patrick & JoAnne home to their beautiful new house in SW Portland!
These clients began with a clear vision, searching for the perfect Westside house that they could call home. The initial excitement led us to some incredible houses, & after a promising start with a house that caught their hearts, reality hit hard when our first offer wasn’t accepted. Undeterred, we continued our search, evolving our criteria & areas of interest to focus on move-in ready one-level homes.
We saw some more great properties & wrote a couple of additional offers but nothing quite compared to that first house. Through it all, these two kept their spirits high & never gave up on the dream of their perfect forever home.
And then, finally, WE FOUND IT! We stumbled upon a property that checked nearly every box on their original list. The excitement was palpable & we knew that we had to act fast to beat the strong competition for a coveted one-level home. While the property had been sitting on the market for a while, it had just had a significant price reduction, so we knew it was an opportunity we couldn’t ignore.
Negotiations began & my team & I worked tirelessly to secure the deal. The outcome was worth every moment of anticipation. Not only did my clients get more home for their investment compared to previous contenders, but they also gained an incredible backyard space with a pool! This home was well worth the wait & Patrick & JoAnne are ready to settle in.
This transaction was a testament to the power of resilience, strategic planning, & teamwork. Consistent communication with the listing agent was crucial, from initial negotiations to repair discussions & wrapping up the final details. We also made sure that we were timely in scheduling showings to ensure that we were some of the first through the door. And when we found the one, we acted fast, gathering info & building our strategy as a team.
I am so honored to be a part of this incredible chapter in Patrick & JoAnne’s lives. Now they just have to wait patiently for summer to come so that they can host their first pool party! Congrats to this amazing couple!
Current real estate market conditions have made home affordability tough.
But with it always being my goal to provide well-rounded information about current real estate conditions so you can make empowered decisions, let’s talk about the opportunities in today’s market.
Home prices are generally lower:
Just yesterday I got a first-time home buyer under contract on a townhome. Looking at comparable properties, back in May a home with the exact same specs in the same community sold for over 30k more.
Oh, and we also got the buyer a closing credit paid by the seller to temporarily lower his interest rate.
Speaking of which…
Seller-paid closing credits:
On the majority of transactions I have helped buyers with this year, we have been successful in negotiating a large credit paid by the seller to cover a portion of the buyer’s closing costs and or temporarily buy down the buyer’s interest rate.
Contractor response time:
Right now booking inspections and contractor appointments in a timely manner has been highly dependable. With the market being generally slower, inspectors and other contractors have way better availability than super hot markets. This week we got two sets of buyers under contract and I was able to get their inspections scheduled for the next day in both cases.
This might seem like a small benefit, but getting to know the condition of the home you are buying the next day vs waiting a week is a huge stress reliever and allows us more time for fact-finding and negotiating.
Better negotiating power:
With homes sitting on the market for longer periods of time it’s made home sellers more willing to negotiate with home buyers on things like contract terms and repair needs.
You can hold on to your contingencies: In past real estate markets when things got super competitive for home buyers they became pressured to give up certain contingencies in order to win the home.
Look the best time for you to buy a home is when you are ready.
But if you are waiting to buy until interest rates drop, just know that so are 66% of other home buyers according to a US News Survey. So it could be worth us having a conversation about the opportunities in today’s market.
Either way, I am here for you. If you would like to discuss what it would look like to buy a home this winter or in 2024 I am here for you.
Sunny Sabin Ranch
$485,000
4231 NE 11th Ave
Portland, OR 97211
Come see this charming ranch with the perfect open layout. Large east facing windows flood the living space and kitchen with light in the mornings. Cozy eat in kitchen nook for morning coffee and taking in the neighborhood activity. This home has fresh exterior paint, new heat pump for heating AND cooling, and a new roof. Beautifully renovated kitchen and bath with an eye toward retaining its period charm. Sweet vintage range in excellent condition and countertops made from reclaimed wood from the house. So much has been done on this home and there are a few projects left for you to add your personality. Fully fenced side yard, partial basement with access through garage. Large attached one car garage off kitchen has potential for future expansion. Corner lot has possibilities for adding on or ADU, buyer to do their own due diligence. Excellent location close to Alberta, Mississippi, Williams and Fremont business districts.
2 bed | 1 bath | 1238 sq. ft.
MLS# 23431614 | Taxes: $2,389.85 | Lot Size: .10 Acre
I love helping clients achieve their dreams of home ownership. But the land I practice real estate on has a painful history. It was stolen from Indigenous communities through colonization and displacement. The history of real estate is riddled with systemic racism that has resulted in housing disparities in our communities. Acknowledging past (and current) oppression on the land we realtors work on is important. So is using our power and influence to actively contribute to just society and a more inclusive and equitable future.
Have you incorporated a land acknowledgment statement into your realtor profile or website? Land acknowledgements aren’t just symbolic. They’re a powerful step towards reconciliation and change. As realtors, we make a living helping folks buy and sell property. Thus, it’s important to recognize the history of racism (and sexism, homophobia, and transphobia) in this industry and pay tribute to the Indigenous peoples who have cared for this land for centuries.
The Portland Metro area rests on the ancestral lands of the Cowlitz, Multnomah, Kathlamet, Clackamas, Tumwater, Tualatin Kalapuya, Wasco, Molalla, Watlala, Bands of the Chinook, and so many other nations who made this area their home. In addition to the federally recognized tribes mentioned, there are numerous “unrecognized” tribes and Indigenous groups whose stories are also important.
Acknowledging our failures and flaws (collectively and individually) opens the door for us to do better.
As realtors, we advocate for our clients all the time. We can also advocate for policies and initiatives that address housing disparities and promote equitable access to housing for all. Whether marching in the streets, engaging in conversation with our clients/peers, or in lobbying elected decision-makers- even small actions turn the wheels of justice ’round.
Providing direct support to organizations that serve and uplift historically marginalized/oppressed communities is one way we as Realtors can address injustice. In Portland, we’re fortunate to have organizations like Native American Youth and Family Center (NAYA) and Q Center (among many others) doing critical work to build more inclusive and equitable communities. I give a portion of every paycheck to Taking Ownership PDX and donate to organizations and mutual aid efforts in my community. I’m proud to hang my license at Living Room Realty, a Certified B-corp. The brokerage gives 5 percent of annual profits to local charities.
No one gets it right all the time. That’s okay. We can all try to do better- as professionals in our industry, as members of our communities, and as human beings trying not to be assholes in our short stint here. Self-reflection is essential- as is being willing to show up authentically (and politically) in our professional lives.
As a broker body, we have a responsibility to understand the racist history of our industry, including redlining policies, discriminatory lending practices, and the displacement of communities of color. There are lots of resources to learn from- like this great podcast about the history of racism and housing discrimination in Portland. We should know whose land we’re on. Here’s a great resource, if you’re not quite sure.
It can feel scary to advocate for progressive change in our communities, our cities, and our industry. Even though I’ve spent most of my adult life engaged in justice work, I still feel anxious putting posts like this out into the world. What if I get called out for not being radical enough? What if my words aren’t perfect? What if clients decide not to work with me? What if I lose followers on social media? What if my peers think I’m a joke?
As professionals in an industry very much rooted in exploitative capitalism, white supremacy, & colonialism, we as realtors can and should use our voices and privilege to support a more inclusive and equitable future. If a potential client doesn’t want to work with me because I’m vocal about those things- well, that’s okay. I’m not for everyone (and, they’re probably not for me).
Interested in talking more? I’d love to connect with other folks who are working towards positive change in our community. Reach out!
Exploring Multnomah Village: A Culinary Journey through Portland’s Charming Neighborhood
When it comes to Portland, Oregon, neighborhoods known for their unique charm, Multnomah
Village stands out as a gem. Nestled in the southwest part of the city, Multnomah Village offers
a delightful blend of small-town atmosphere and urban conveniences. One of its standout
features is the vibrant restaurant scene, making it a haven for foodies and a testament to the
neighborhood’s remarkable walkability.
**Multnomah Village: A Snapshot**
Multnomah Village, often referred to simply as “the Village,” is a tight-knit community known for
its tree-lined streets, independently owned shops, and a warm, welcoming vibe. But it’s the
dining options and walkability that truly make this neighborhood shine.
**A Food Lover’s Paradise**
Multnomah Village boasts a diverse array of restaurants and eateries that cater to a wide range
of palates. Whether you’re in the mood for international cuisine, comfort food, or farm-to-table
fare, there’s something to satisfy every craving.
1. The Ship Tavern: Start your culinary journey with a visit to The Ship Tavern, a beloved local
pub that exudes old-school charm. Their classic pub menu includes everything from hearty
burgers to delicious fish and chips, all best enjoyed with a local craft beer.
2. Thai Bloom: For those seeking a taste of Thailand, Thai Bloom offers a menu bursting with
authentic flavors and fresh ingredients. Their curries, stir-fries, and signature cocktails are not to
be missed.
3. Otto & Anita’s European Restaurant: Transport yourself to Europe with a visit to Otto &
Anita’s, where you can savor delectable German and Austrian dishes. From schnitzels to
strudels, it’s a culinary journey across the continent.
4. Nectar Coffee House: Start your day at Nectar Coffee House, where you can enjoy a
delicious cup of coffee and freshly baked pastries. It’s the perfect spot to meet friends or get
some work done.
5. The Renata: For a fine dining experience, The Renata offers an upscale Italian menu
featuring handmade pasta, wood-fired pizzas, and an extensive wine list. The elegant ambiance
makes it a great choice for special occasions.
**Exploring on Foot**
One of the most enchanting aspects of Multnomah Village is its walkability. The neighborhood’s
layout is designed to encourage strolling, and you’ll find charming boutiques, art galleries, and parks along the way. After a satisfying meal, take a leisurely walk through the Village and explore its hidden treasures.
Gabriel Park, adjacent to the neighborhood, offers a beautiful natural escape with walking trails,
a playground, and open spaces for picnics. It’s an excellent spot for a post-meal walk or some
outdoor relaxation.
The sense of community in Multnomah Village is palpable as you encounter friendly faces and
engage in casual conversations with neighbors and business owners. It’s a place where people
know each other’s names, making every visit feel like a warm welcome.
In conclusion, Multnomah Village in Portland, Oregon, is a neighborhood that combines the best
of both worlds: a lively culinary scene and a walkable community. Whether you’re a local
resident or a visitor, exploring this charming area will leave you with a taste of its unique
character and a strong desire to return for more culinary adventures and leisurely strolls. So, put
on your walking shoes and get ready to savor the flavors of Multnomah Village.
#MultnomahVillage #Portlandneighborhoods #Realtor #PortlandRealEstate #PortlandOregon
Finding the perfect house is a dream and people need space to explore what this looks like for them. The reality is there is no perfect house, but gaining clarity about what you want by visualizing your ideal place is an essential part of the home buying process. I pride myself on helping clients create space for this inquiry because when we dream, we can act in service to our deepest values.
Prioritizing the features in a home that matter most and are unchangeable helps us create a roadmap to finding the right house within the budget, instead of chasing a unicorn. Plans and needs change and so can your house. When you select your home with your core needs in mind, there is a greater likelihood that your home can adapt alongside you.
I have inhabited many different eras of homes in my own house journey, which started in north Portland with a 1920s Piedmont bungalow. I was in my early 20s with my husband and a newborn. We spent 4 years on renovations and moved on right after they were complete. From there, we enjoyed the ease of new construction in Scappoose with our two kiddos until we returned to Portland to renovate a 1940s home. This time, we had more experience and renovated in an order that allowed us to enjoy the paradise we were creating in Roseway, but life changed and we picked up and moved to a quieter pace in the land of mid-century homes on large lots — Milwaukie. We knew this was the house we planned to stay in long term and we thought our years of renovating were over, so we bought a nicely remodeled 1960s ranch in the Oakridge Neighborhood. But renovation is in our blood; turning that off is very hard. When I tour homes, I instantly see the roadblocks and the possibilities and start looking at how to solve or improve them.
We found the house knowing we would need to recreate the backyard oasis we had created in Roseway, but this desire blossomed into so much more. This project quickly became one we knew would be too large for my husband and I to take on ourselves. My husband Greg has remodeled every one of our projects – man, did he deserve a break – time, bandwidth, and willingness were depleted. This project was the first one that involved an addition to the house, so for the first time, we looked into hiring a designer and having the work professionally done. I learned so much along the way, adding one more layer of knowledge to help clients. The project kept growing, and we endured delays and surprises as you do in any project, but the stress was low because we trusted our contractor at the highest level and knew we were in great hands. This project was so different from past ones because we knew this was the home we planned to grow old in and pass on to the kids. Knowing this, I allowed myself to dream and made design choices with more self-expression than in past homes where we knew we would eventually move on. Searching for the right products and tweaking options to create the best space we felt was possible became an obsession. I reactivated a more creative side of myself lost through the years. This creative side I allowed myself to have, combined with my knowledge of homes and design, was a perfect recipe to create our dream space.
Delightful Victorian with hardwood floors and original molding. Features include three upstairs bedrooms, formal entry with open staircase, spacious kitchen, cozy living room with Waterford gas heating stove, dining room with breakfast bar. Picture window in main floor bonus room looks out onto the lush backyard and with mature landscaping, deck and studio. Full baths on main and upper floors. New carpet, high efficiency forced air gas furnace, new sewer and water lines. Full basement offers ample storage. Sunny south-facing front porch. Backyard habitat certified. Located in a walking and biking paradise with restaurants, coffee shops, grocery stores, parks, and more. Walk score of 91! Don’t miss out on this gem!
3215 SE Taylor St., Portland / 3 bedrooms, 2 bathrooms / 2,000 total sq. ft.
$674,500
I am thrilled to share a success story. It’s the story of Amanda and Shiv, a determined couple who embarked on a house hacking journey with dreams and a clear vision in their minds. Let’s dive into their journey!
Amanda and Shiv had been on the lookout for a golden house hacking opportunity for over a year. For those new to the term, house hacking involves buying a multi-unit property, living in one unit, and renting out the others to offset your mortgage. It was a dream they nurtured, and I had the privilege to guide them in this journey, equipped with my custom deal calculator to run the numbers meticulously.
Our persistent search led us to a promising duplex in North Portland. A place that whispered potential and promised a positive cash flow in just the second year! Yes, it required a bit of a nudge to enhance the rents, but nothing too daunting.
In the competitive Portland market, we found ourselves up against another eager offer. But Amanda and Shiv had a winning spirit, and guess what? We won, securing a place that was more than a house; it was a canvas of opportunities.
Entering the inspection period, we rolled up our sleeves, ready to delve deep into every nook and cranny. We scrutinized the property’s financials, keeping an eagle eye on the major issues. Our diligence paid off, securing a substantial $7,500 towards a new roof and a comforting home warranty to boot.
As we neared the closing, the joy was palpable. Not only did we secure the home, but we also managed to get a generous $9k in closing costs. Amanda and Shiv were all set to move into their new abode, ready to infuse it with their personal touch, one improvement at a time.
Today, Amanda and Shiv are happily settled in their unit, gradually transforming their space while enjoying the benefits of house hacking. Their story is a testimony to what determination, the right guidance, and a bit of house hacking savvy can achieve. Here is what they had to say:
Will was super helpful throughout the entire home buying process. He has a lot of knowledge about different types of housing options and knows the Portland area really well. He wants his clients to feel good about their purchase and we definitely do.
Inspired by Amanda and Shiv’s story and keen to start your own house hacking journey in Portland? Reach out to me at 503-303-0822 or hello@agentlivinginpdx.com and let’s turn your home buying dream into reality!
|
|
|
|
|
|
|
|
Every time I head to a new city or even just a new part of town, I make finding a great coffee shop the first order of business because there’s no better starting point for understanding the local community, no matter where you are. When you visit the St. Johns neighborhood, you’ll notice life moves a tad bid slower and that’s a good thing. The coffee shops are alive and bustling with folks working, unwinding, socializing and connecting.
And with the University of Portland just down the street, you’ll find University students regularly taking advantage of these great study spots.
Coffee shops are special because they reflect the atmosphere of the neighborhood and St. Johns is fortunate to have many unique and vibrant coffee shops which makes choosing just one very hard! A good problem to have :)!
Here are a few of my favorites:
This café feels like the heart of St. Johns. A popular meet-up spot as well as a great place to work or unwind with a snack. They roast great coffee and have other nice choices like kombucha and teas. The room has high ceilings and plenty of seating which gives it such a lovely and classic café feel. Locally famous for their next-level breakfast sandwich made with chimichurri or romanesco, and can be made vegan. Delicious and addictive! Also, you’ll find the classic pastries, cookies and bagels you expect from a great café. Don’t miss the local art on the walls!
Two Strokes Coffee is a moto-inspired coffee shop on the main drag of St. Johns, conveniently located next to a cool motorcycle & scooter shop called Sabatino Moto. This is a really fun cafe to visit and a great place to hang out. They serve wonderful coffee, pastries and have great baristas. There are a few motorcycles in the café and some stylish merchandise as well.
Sparrow Bakery is well known for incredible baked goods. They have 2 locations (the other is in Bend Oregon) and do wholesale baking for many other cafés. We are so lucky to have them in St. Johns! Sparrow makes great coffee and fabulous baked goods- I feel like it is a full-time job trying not to eat their pastries every day :). They are perfection! Plus there’s a large food menu making it a great spot for breakfast or lunch.
This one isn’t technically in St. Johns but I just had to add it! It’s officially in the Cathedral Park neighborhood (hence the name), but it’s verrry close to downtown St. Johns. Cathedral Coffee is an eclectic cafe that is always busy but never feels crowded. A beautiful large space with big windows, natural light, tall wood bookshelves & large tables. They roast their own coffee and bake their own sweets & savories, which are fabulous!
I highly recommend the foldovers they make with veggies and cheese (some have meat). They are fantastic and always fresh! And the cinnamon rolls are incredible. Many wonderful baked goods to choose from.
They also have plenty of great outdoor seating!
One more note regarding this current real estate market. St. Johns has seen a steady increase in property values and demand over the past few years with the average home price this August landing at $470,000 (source RMLS). To put that in perspective, the average home price for all of Portland Metro was much higher by the end of this August at $608,300 (source RMLS).
I know the ins and outs of this neighborhood having lived here for more than 11 years. And, if you’re interested in other neighborhoods, that works too! I help people buy and sell homes all over Portland. I am known for my knowledge of the market and my ability to educate and listen carefully. You will benefit from my coaching heart and guidance that reduces stress and creates positive outcomes. I want to see you happy and satisfied with your real estate journey.
Read my reviews and bio for a good sense of what to expect from me.
I look forward to helping to make your home purchase pleasant, painless and hopefully even a little fun!
Before you go, here’s a fun fact: Did you know that St. Johns was once its own independent city before it was annexed into the city of Portland? In 1915, St. Johns voted to become part of the city, primarily to access the city’s services and infrastructure. The annexation was officially completed in 1915, and since then, St. Johns has been a neighborhood within the larger city of Portland.
Let me share with you a heartwarming story from my recent adventure as a buyer agent, helping out my client, Jason, in the vibrant and competitive Portland real estate market.
Jason had a clear vision: find an investment property under $400k where he could not only live but also house hack. Now, you might be wondering, what is house hacking? It’s a savvy strategy where you live in one of the multiple units of your property and rent out the others, effectively reducing or even eliminating your housing costs. In Jason’s case, we were finding a single-family home for him to rent out multiple rooms.
In the bustling Portland market, finding a home in this price range meant facing stiff competition. But Jason had a secret weapon – his background in construction. He was ready and willing to roll up his sleeves and turn a fixer-upper into a dream home.
Our journey took us all around Portland, putting in several offers, and keeping our spirits high. Jason’s patience and determination paid off when we found “the one” in North Portland. Despite competing against four other offers, we came out on top, a testament to Jason’s vision and our strategic approach.
Entering the transaction phase, we discovered a few hiccups — issues with the home that needed addressing. But guess what? They were manageable, and we tackled them head-on. From getting the seller to decommission an oil tank found during inspections to negotiating a sweet deal where the seller covered a whopping 11k in closing costs, plus adding a home warranty for that extra peace of mind.
Fast forward to a month later, and we were at the closing table, all smiles and ready for Jason to start his new chapter. Now, with keys in hand, he’s busy adding not one but potentially two additional bedrooms, a move that could skyrocket the home’s value by over $50k.
Here is what Jason had to say about the Experience:
Will went above and beyond to help me find the right home for my budget. The home search, buying, and closing process was executed perfectly. I am confident that Will’s personality, local knowledge, and understanding of the client’s needs would be a perfect fit for anyone looking to purchase property. He went above and beyond gathering repair quotes from multiple contractors, negotiating closing credit, and handling the coordination between my lender, escrow, and my self. I will defiantly be reaching out to Will in the future for my next property purchase.
Ready to take the next step in your home-buying journey?
Feel free to reach out to me for personalized guidance and expertise. Whether you have questions or are ready to find your dream home in Portland, I am here to assist you every step of the way.
Email Me – hello@agentlivinginpdx.com
Hello, fellow Portlandians and prospective home buyers and sellers! It’s Will here, bringing you the latest scoop on the Portland real estate market as we step into September 2023. Buckle up as we dive deep into the current trends, predictions, and some golden advice for both buyers and sellers in the vibrant Portland market. Don’t forget to hit that like and subscribe button for more real estate insights!
First things first, let’s talk numbers. The interest rates have been hovering around the mid to low-sevens, and while core inflation has ticked down slightly, the overall inflation has seen an uptick. The median sales price has decreased by about 2.7% compared to last year, and we are witnessing a competitive market in the $300,000 to $700,000 price range.
As we venture further into 2023, there are a few scenarios we might see unfolding in the Portland market:
If you are a first-time homebuyer eyeing properties in the $300,000 to $600,000 range, brace yourself for some competition. But hey, don’t lose heart; you might just snag some cool concessions from the sellers, including a 2-1 rate buy down or additional closing costs assistance.
Sellers, it’s time to put on your aggressive hats when it comes to pricing. With fewer buyers in the market, you might want to keep a close eye on comparable listings to price your property competitively. And if you are selling a condo, patience is key as the days on the market have increased.
Got questions or need personalized advice? Feel free to reach out; I am here to guide you in your real estate journey in Portland. And before you go, do hit that like and subscribe button to stay updated with the latest in the Portland real estate world.
When moving into a new home, it’s important to not only focus on the physical aspects of your space, but also the energy within it. Cleansing the energy in your new home can help you create a positive atmosphere and intention for your new life there.
Before you begin any cleansing rituals, it’s important to set positive intentions for your new space. Whether saying a meditation or creating a vision board- focus on what you want to bring into your space. Focus on what matters to you (love, happiness, success, etc.) to create a positive energy flow in your new home.
Smoke cleansing (burning herbs or incense) has been used for centuries by various cultures to clear spaces. In fact- incense burners dating back 4,500 years ago have been found in Egypt. There’s lots to love about burning herbs such as rosemary, lavender, or palo santo- and allowing the smoke to fill your space. It smells nice- and as the smoke rises, it’s said to clear negative energy and replace it with positive energy. To try it in your home, simply light the herb bundle and walk around your space, allowing the smoke to reach every corner and room. Ahhhhhhhhhh.
A note on sage, which is often referenced in smoke clearing practices. Wild sage (also known as white sage) suffers from severe over-harvesting. If you plan to use this fragrant plant in your intention-setting, I recommend growing it yourself (it’s easy to do!). Or, ask a friend to snip from their plant!
Salt has been used for centuries as a natural purifier and cleanser. Wanna try it? Just sprinkle salt around the perimeter of your space or in the corners of each room. As you distribute the salt, visualize it absorbing any negative energy and replacing it with positive energy. After a few hours, you can sweep up the salt and discard it.
If you’re looking for an extra boost in cleansing the energy of your new home, consider crystals! Some popular options include clear quartz, amethyst, and black tourmaline. You can place them in different areas of your home or carry them with you throughout the cleansing process to amplify the positive energy flow.
Feeling overwhelmed by the task of cleansing the energy in your new home? Consider enlisting the help of a professional! Portland is rich with energy practitioners who can help you create a positive and harmonious space. They’ll offer guidance on how to arrange your furniture, what colors to use, and which objects to incorporate into your space to promote positive energy flow.
If you’re not comfortable with smoke or salt cleansing, there are other methods you can use to cleanse the energy in your new home. Playing calming music, burning candles, or diffusing essential oils can also help create a positive atmosphere. Experiment with different methods and find what works best for you and your new space.
Remember: trust your instincts and do what feels good to you. If something doesn’t feel right, don’t be afraid to rearrange or remove it! Your home should be a sanctuary that supports your well-being and happiness.
Two of my favorite Portland shops for space-clearing supplies are Roots & Crowns and Seagrape Apothecary.
It’s important to continue to maintain a positive energy flow by regularly decluttering, opening windows to let fresh air in, and incorporating plants and natural elements into your space. By doing so, you’ll be able to create a peaceful and uplifting environment that supports your well-being and happiness.
However you decide to do it, creating a positive atmosphere in your new home is an ongoing process and there’s no right or wrong way to do it. Trust your instincts, experiment with different methods, and enjoy the process of creating a space that supports your well-being and happiness.
Not a homeowner yet? All of these intention-setting rituals are also useful in manifesting a home of your own! Light some lavender, put on some tunes, and create a wishlist of what kind of space you envision for your future self. Is it a home with big windows and lots of natural light for all of your plant friends? A big yard with space for a veggie or flower garden? If you can dream it, you can do it!
Are you interested in learning more about the home buying process? Ready to look into your future? Work with a realtor who takes time to understand your goals and will help you chart a path towards making them real. Whether you’re thinking of making a purchase soon- or months/years from now… I’m here to help!
Want to know more? CONTACT US today – we are your ADU experts!
