Congratulations to our delightful first time home buyers!
Emmalisa and Zack were great clients- pragmatic, researched, smart cookies and avid cat lovers. I didn’t think anyone loved cats more than I did! Zack even advised Jasmine on the perrrrfect cat for her daughter who has a history of cat allergies. What a dream to work with!
We looked at many houses in the Hillsboro/Beaverton area. There were some great houses that went pending before we could even get in the door and some not so great houses that we walked away from. At last, a 4 bedroom gem-of-a-house pulled at their heartstrings and became ‘the one’. It felt like home right away!
A quick, smooth, and friendly transaction made their dreams come true and I wish them all the best in their new home!
While not my voice, this is my story. The story starts with “We recently had our first child…” and it’s true. Max arrived and all I wanted to be was present for him and Leah while also providing for my family. My business was going well, but real estate can be all-consuming (especially when you’re pre-disposed to workaholism.)
I consider myself to be an early-adopter of tech. I love trying the latest thing and hoping it makes one small aspect of my business more automated, more professional, more lucrative, or easier to manage. Trying what seemed like every CRM out there, I found myself with subscriptions to multiple platforms, using only 10% of each for the features I found most useful.
Then, a lightbulb moment: why can’t I cherry-pick only the exact features I need and build them into one straightforward, user-friendly system? I looped in my friend (now business partner), Hayden Hamilton, a professional in tech development. After many long hours Sphere was born.
We created Sphere to eliminate the inefficiencies of running a real estate business. And at first it was a totally self-centered venture. I wanted more time in my day, more space in my life for the things and people that matter most. With Sphere my workflow was systemized and fine-tuned, and after using the platform for a year my business had grown exponentially without serious growing pains. I felt like I had unlocked something really meaningful, and decided to make it available to the masses.
Real Estate agents aren’t known for their organizational skills. The multitude of “hats” an agent has to wear to run their business is kind of absurd! We are the one (wo)man band of small business.
We are the sales and marketing team, bookkeepers, customer service reps, receptionists, janitors, and more for our business and our clients. Not to mention we are always on the go. With all those moving pieces, contract details and contacts, Sphere was the solution to organize the mayhem.
Sphere not only made managing my business on the go efficient, it’s really created in me a new sense of ownership. I always know what my numbers are, how close I am to my goal for the year, and averages of my business (feeling like a true CEO!). Through this platform I have a workflow that ensures my team and I are always in tune with what’s happening in transactions, I’m more in touch with my clients than ever before, and everything I need is always on my phone, accessible and up-to-date. Leah and I have now celebrated a second baby, Zoe, I’m doing more business than ever, and I couldn’t have managed it all without Sphere.
What is SPHERE?
A mobile-optimized real estate business management platform with a full CRM, lead and transaction tracking, coaching and more, built on the idea that your clients are key to growing your business. Sign up, create your 5-minute business plan, upload your people, and accelerate your business. Sphere gives you the freedom to say goodbye to spreadsheets, and hello to feeling like a real CEO.
If any of this resonates with you, check out UseSphere.com.
Start out with a free trial month, and after that it’s only $49/month.
Use Sphere as the hub of your business, and your business will grow.
Open House Sun 5/5 1pm-3pm & Broker Open Tue 5/7 11:30-1:30pm
A rare find! Beautiful Old PDX style modern home, built both for efficiency and classic beauty. Perched up off the street this home offers light filled open spaces, gourmet kitchen, custom details and so much more.
Open plan living room, dining room and kitchen features soaring ceilings, wide-plank hardwood floors, big bright windows and a lovely gourmet kitchen with stainless steel appliances, gas range and island.
Main level bonus office with timeless built-ins.
Second level features hard to find hardwood floors and 3 bedrooms with treetop views, including a lovely master ensuite with generous bathroom and walk-in closet.
Spacious 3rd floor walk-up with spectacular city views is great for family or media room.
Lower level offers private bedroom and full bathroom. Plenty of storage and extra deep garage with more opportunity for storage and/or shop.
Gorgeous, landscaped yard perfect for gatherings and dinner on the deck. Plus huge, inviting front porch overlooking a quiet street. Walk to Clinton shops, restaurants and parks! This is perfection!
This beautiful 4 bedroom, 3.1 bath home is chock-full of modern amenities. The main floor features gorgeous Acacia hardwood floors, formal entry, open living room, gourmet kitchen with island, light-filled formal dining room, powder room, and den with french doors and custom built-ins. The upstairs master suite is a peaceful retreat with tall coved ceilings, gas fireplace, large walk-in closet and deluxe bathroom. You’ll find two additional bedrooms upstairs next to an ample bathroom with two sinks for easy sharing, and a cheerful laundry room just where you need it! The finished basement boasts a guest suite and great room, which is plumbed for a second kitchen for great ADU potential. This bonus space has uncommonly high ceilings and will accommodate a wide variety of rumpus room needs! The inviting back deck is perfect for outdoor dining, with steps down to the fully fenced and beautifully landscaped yard and pool for outdoor living at its best. Mere blocks to Beaumont Village, Wilshire Park and Alberta Arts District. High home energy score of 7.
OPEN SATURDAY, May 11, from 1 – 4 p.m.
OFFERED AT: $959,900
4 bed | 3.1 bath | 3,434 sf
MLS# 19381740 | 5,280 SF Lot | Garage: 1 attached, oversized | Taxes: $8,111
I’ve shared with my clients over the years that there are three ways to price a home. One, the highest price possible. Two, at market value. Three, just below market value. Every agent has their own pricing strategies. These have worked for me, and I’ve found pricing at a sweet spot below market value can bear a final price higher than both market value or the highest price possible. Once we’ve reviewed the recent sales of the neighborhood, we decide which strategy to use based on the home specifics, most importantly the condition and location. Its important to understand the state of the market and know pricing your home in the “old” real estate market is not the same now in the “new” real estate market. It’s also important to understand how buyers shop in the “new” market. Buyers are smart! Buyers have been researching homes, neighborhoods, and determining the value of your home before they’ve hired an agent to represent them.
I’ve found that many homeowners cannot grasp the idea that pricing their home competitively(slightly below market value) will create more interest and yield a higher sold price. If a homeowner has not sold/purchased a home in many years, their expectation is to receive an offer under their listed price, then to further negotiate. Their idea is that they’ll have to negotiate lower than their listed price to begin with, finally settling on a price below the “highest price possible”. With the examples I’ve copied below, you’ll see that the majority of homes that sold below the listed price, were also on the market for a longer period of time. Time is money. Time is an extra mortgage payment, utility costs, and may also deter a buyer from choosing your home over a hot new listing priced competitvely. Your real estate broker will know when the home is an exception to this situation. When a listing enters the market at a competitive price(with all things considered-price, location, and condition), you open the door for multiple offers, escalating price, and attractive terms for the seller.
If you’re thinking about selling and need some guidance, contact your broker or give me a call. I’d love to review the selling process with you and help you determine what you can list and sell your home for in today’s real estate market. -Julia
Julia Robertson | Broker licensed in Oregon & Washington
This is the unit you’ve been waiting for – at an improved price! Two real bedrooms and two full baths in an elevator building. Lovely, partial river view and peaceful grounds with water features and verdant gardens. Living-dining great room flows to spacious balcony for all weather river views. One deeded parking spot. Walk to south waterfront and catch the street car downtown or stay in the neighborhood for fun cafes and Willamette Park. Railroad is used on summer weekends for charming Lake Oswego Trolley. List agent is related to seller.
Garden Magic abounds at this charming updated Bungalow with vintage features, renovated bathroom and kitchen on a beautiful sunny lot. Established gardens with native flora, entertainment areas and creative space. Hardwoods, tile work, artful dining nook, period lighting, flooring and millwork. Woodstock, natural areas and trails, all within a mile. Home sweet home.
Gorgeous Mt Tabor Tudor on a quiet tree lined street, stylishly updated while retaining its original character and charm.
Featuring new updates: remodeled kitchen with SS appliances, high efficiency furnace, hot water heater, energy efficient double pane windows, fiber cement siding, exterior insulation, new electrical & plumbing throughout and partial finished basement with half bath.
Beautifully refinished, original Red Oak hardwood floors.
Big bright windows the light flood in this elegant home. Walk to stores, cafes and restaurants. This home truly has it all!
Highlights and Updates Completed in 2018
New Roof
New Energy Efficient Windows
New Fiber Cement Siding & Exterior Insulation
New High Efficiency Furnace
New Water Heater
New Plumbing
New Electrical Service and Wiring
New Kitchen w/Stainless Appliances
New Light Fixtures
Gas Service Installed
Refinish Original Red Oak Floors
Original Interior Doors and Glass Knobs
Original Cove Ceilings, Picture Moldings, Classic Arches
The perfect easy fixer in a prime east side location! Real entry way with closet, large public rooms with wood burning fireplace, classic bungalow porch and good sized kitchen just waiting for your chic updates! Rejuvenation light fixtures throughout, one-year-old sewer, and quality home energy improvements performed in 2013. Rare, high Home Energy score of 7 for an older home. Two pear trees grace the lot. Walkscore of 92, Bikescore is 99.
Offered at: $425,000 | 2 bed | 1 bath | 1,920 sf | taxes: $4,107 | 1624 SE 44th Ave., Portland, OR 97215 MLS#19485659
Open House: Saturday and Sunday, April 6 and 7, from 2 – 4 p.m.
Rare affordable bungalow in South Tabor! This cutie features beautiful laminate flooring, newly remodeled bathroom and energy efficient vinyl windows letting in tons of natural light.
Imagine the possibilities in an expansive fenced yard ready for gardening, fun and possible ADU potential. Bike score 97! This incredible inner SE neighborhood offers easy access to many amenities, restaurants, cafes, shops and Mt Tabor park.
Newly proposed zoning changes could make this property a diamond. Buyer to do their own due diligence.
Paloma and Mike are amazing clients and together we achieved something almost beyond belief!
I think everyone can relate to falling in love with a house above your price range. We all have felt that. Here’s the difference: Paloma and Mike were able to hold out, watch and wait until the house was within reach!
This is their dream house, it was on the market for 249 days and now it is their home sweet home!
Check out this sweet, professionally remodeled light and bright farmhouse. It’s a just down the road from the all of the new development in Lents Town Center.
Character abounds with high bead-board ceilings and five-panel doors. The new kitchen cabinets, butcher block counters, double farm sink and beveled tile backsplash create a clean, inviting farmhouse kitchen. And the master bedroom with double closets and slider to new deck give you more than you’d expect for a master at this price point. Double pane windows, high efficient furnace and laundry on main are nice added bonuses.
Plus, there’s an unfinished 300 SF attic ready for expansion when you are. Near the Springwater Corridor Trail, Max Green Line, and freeway checks all of the boxes for your commuting needs.
Are remodeled farmhouses your thing? I can’t take credit for the great work my clients did on this one in Lents, but family and I remodeled one in the Portland neighborhood of Montavilla in 2018. You can check out some before and after shots here
Bobby Curtis Principle Broker Licensed in Oregon Licensed Contractor CCB# 215071 503-502-3066
As an Oregon transplant from Indiana, it isn’t too often that I get to work with someone who has known me for almost my whole life. Sara and I met in 1978 when I was four and she was three. She rang my doorbell and asked if there were any kids her age who lived there, and that is how our friendship began.
As kids, we played together after school and on weekends with our little gaggle of friends from the neighborhood. We collected lightning bugs in jars, rode our bikes to the neighborhood pool, and played Annie and V until dark when our parents would yell through the yards for us to come home.
Our neighborhood HOA discouraged fences so everyone’s backyards were open and our doors were always open, too.
Sara’s family moved away from Indiana to Kansas when Sara was 11 or 12 and we lost touch. Without Facebook I never would have known that my old friend had moved to Portland, too. We reconnected shortly before she and her husband relocated to Hawaii.
I was so excited to hear that she was back in the Portland area this winter, looking to purchase some land outside of Portland. It wasn’t long before we found her property in Tillamook.
Congrats, Sara. Sorry for the old photos, friend. It was the 80s. :
When I think about the story of this purchase, I realize the center of this story is not the charming Montavilla ranch. This story is about my client, Russell. He is a first time home buyer, arborist, future Portland real estate mogul, and all around cool guy to know.
Me and Russell at the signing for his first home!
I met Russell when my neighbor recommended his tree company and was immediately impressed with his knowledge and passion for his work. I hired him for a job at my own home, and for every tree need I’ve had since. He is now my go-to person for all things tree and shrub related and I recommend him to everyone in my area.
I learned about his interest in real estate after he did a few projects at my house. Russell had a very focused idea of what he wanted. He wanted to buy a house he could live in comfortably for a few years. However, his end goal was to eventually turn this house into a rental. He is interested in building wealth through real estate and was ready to start building his portfolio! Russell has an investor’s mindset and an eye for what will make a good rental.
I’m happy to say that after touring lots of homes in southeast Portland, we found one that was perfect! After less than 10 hours on the market, we had toured and submitted an offer on this property. The 2 bedroom, 800 sqft home in Montavilla fits his criteria perfectly. A well maintained, move-in ready home, with easy access to freeways for commuting, within walking distance to shops and restaurants on Stark, an attached garage Russell can convert to a woodworking studio. (One of his talents is making, and teaching others to make, beautiful wooden spoons, butter knives, and serving ware.) The house is also on a spacious lot with room for a garden and, of course, some trees!
Russell in front of his first home!
The sellers accepted Russell’s offer after waiting a few days to review all others that had come in. When writing his offer, he put his best foot forward because he knew this was the home he wanted. He didn’t want to miss out on such a great investment so he offered above asking, knowing the home was worth it. The sellers agreed to a small repair that needed doing, but the rest of the transaction was a breeze. We signed the closing docs on five years to the day he moved to Portland, and I couldn’t be more happy for him!
The internet is a funny thing. Scott and Michele called me to help them in their search for a home in Portland. That is always a welcome phone call, and, of course, I asked them how it is that they had gotten my information. I’m always love to thank the person who refers me. Scott simply let me know that they had found me on the ‘inter-net’. Well, ok then, let’s get to work!
We had a great time, found them a great house and the sellers were exceptional. It was pure joy working together.
After signing I asked more about how they found me on the “inter-net” as I don’t advertise online.
In 2015 a client turned friend had written a client testimonial as follows:
“Sean has the cool-headedness of a zen master. The home buying process can be an emotional roller coaster and problems can spring up without warning much like ninjas during the unrest of the Sengoku period in the Iga Province of Japan. Without Sean’s professional guidance and emotional support, we would have been completely nervous and slack jawed going through the process. When Sean is your real estate agent, you get:
•Help when you have no idea what you are doing
•Someone who stays in contact with you
•An expert who knows ALL areas in Portland (this is a big deal because there are more hot neighborhoods than Voodoo donuts)
•A genuinely nice person (he won’t judge you if you want shag carpeting and a mirror over the bed)
•A complete professional who knows how to do paperwork and submit everything in an orderly fashion (hello DocuSign)
•A person you can trust to meet the inspector and anyone who needs to come over to the house (he met my mother and impressed her socks off, which never happens!)
In summation, Sean’s yoda-like temperament helps you get through the home buying process without you losing your mind. If you don’t know what you’re doing, go see Sean. If you do know what you’re doing, go see Sean anyway. Buddha has been quoted as saying, Peace comes from within. Do not seek it without. The next best thing is to just contact Sean. He can help.”
Scott had entered ‘Real Estate Agent Portland Buddhist’ in a google search and I was the only agent to come up, thanks primarily do to Faith and her review of our time working together.
Good fortune finds a way and it came in the form of Scott and Michele for me.
Thank you both for your trust when you found out I was simply a recovering Catholic. Congratulations on your new home!
If you would like genuine, focused and sincere representation in the sale or purchase of your home please call or email, providing excellent service has been a long-standing source of pride.
This stylish contemporary home brilliantly balances modern and traditional elements and is certainly above par with the best that Arranmore has to offer.
Entering the home, you’ll bathe in natural light as the spacious living room reveals generous, oversized windows with custom plantation shutters, a stunning modern fireplace and stylish mantle. The dining area is part of the open floor plan and provides comfortable space for your gatherings and intimate dinners alike. Continue on to the deck and you’ll find a lovely and relaxing space for outdoor living.
The eat-in kitchen is a cook’s dream with counter space galore. Tastefully updated with stainless steel appliances, hard wood cabinetry, large island, modern tile and ample storage. Plenty of memories to be made here!
The home features a tasteful master suite on the main with an oversized bathroom, soaking tub, dual vanities, separate shower and walk-in closet.
The upstairs balcony overlooks the living room bringing in light to the bonus area next to the two large upstairs bedrooms and tastefully remodeled full bathroom.
Arranmore is a quiet community with many walking paths throughout. The well maintained HOA boasts wonderful amenities including a recreation center with a private pool, hot tub, sauna and minimal care gardens and landscaping. The home has a Portland address and is part of the Beaverton School District.
Bonus space alert: under the house you’ll find a surprisingly expansive work space for your projects or extra storage.
At a bustling open house that was fresh out the oven I had the privileged of meeting Becky who quickly introduced me to her spunky twin Star. Not soon after meeting them we realized that they were our kind of people. They proceeded to let us know that they were looking for the right home for their folks, Frances & Harold, who were moving from out of state for years at this point. After we introduced ourselves over the phone, we knew we were going to be working and getting to know some very classy people. After our call we were stunned that at the amount of trust that Frances & Harold had in their twin daughters to pick out their home.
One weekend we were knee deep in snow and sledding with our daughter at Government Camp, when we got the call from Star & Becky that they found the house! At this point Frances & Harold had their home on the market in Arizona, so the sale would be contingent. We all worked together and put together an offer that would entice the seller to take it off the market after only 4 days on market. We soon found out that this would be a double contingency since the seller was also in contract on another home. Thankfully we were working with fantastic people on the other end (Jen Meyers w/ EXP Realty you are fantastic to work with!) and the deal came together.
Now the whirlwind began to swirl as Frances & Harold had to pack up their life in Arizona in the hopes that the wind would land them safely in their new life with Star, Becky & the rest of the family in Portland.
After inspections & bids ensued for items that were the most important to Frances & Harold to address, we were able to negotiate a substantial credit to help Frances & Harold move forward with the transaction and make this beautiful home their own home sweet home.
Our favorite thing about working with Frances & Harold is the way they expressed so much life and color through their every fiber. Frances & Harold are professional photographers and Frances has recently published her new book Unapologetic Beauty. We can’t wait to read it!
Frances, Harold, Becky & Star you all were such a pleasure to work with, and we’re excited to have many more adventures together! Cheers to your new home sweet home Frances & Harold!
Adorable one-level living bungalow with charming and spacious garden lot. Large, cheerful kitchen, basement laundry area, and tons of outdoor living space. Walk to Berrydale Park and Montavilla shops, restaurants and Farmer’s Market. Easy freeway access gets you out and about in a snap.
1,255 sq. ft. Lot is 3,970 sq. ft.
Offered at: $240,000.
Address: 8524 SE Morrison St, Portland, OR 97216
Open House: Saturday, March 2, 12:30 – 2:30 p.m. and Sunday, March 3, 1 – 3 p.m.
Located on one of Laurelhurst’s prettiest streets, this light-filled, historic home has been meticulously updated. Owner improvements include new kitchen, bathrooms, windows, roof, paint, plumbing, tankless water heater, furnace, AC, panel, water & electric service, refinished hardwoods, and more! Excellent floor plan boasts three bedrooms upstairs and a legal ADU in the basement for additional living space or rental income. Lovely private back yard. Easy walk to schools, parks, coffee shops and Portland’s Restaurant Row.
4 bed, 3 bath.
2,384 sq ft. Lot is 4,792 sq ft.
Offered at: $850,000.
Address: 4200 NE Flanders St, Portland, OR 97213
Open House: Saturday March 2 and Sunday March 3, 2 – 4 p.m.
We at Living Room Realty want to connect with our community and develop meaningful and powerful relationships. One way we do this is by choosing a nonprofit organization and donate a portion of each sale to them. For the next three years, I am proud to say that our local nonprofit is The Hoffman Center for the Arts. The Hoffman Center’s mission is to provide a welcoming place for north Oregon coast residents and visitors to create, explore and enjoy arts and culture. What an incredible mission!
Because of this, I’m so excited to be able to do this giving. At the same time, I’m looking forward to connecting, and learning more about the Hoffman Center. I hope to share what I learn with you.
So to start the sharing, I visited the Hoffman Center and learned that today starts a new show in the Hoffman Center Gallery. It’s called “Inspired By Words”. The show runs through March 31st and features art that includes words, phrases, or language to express emotions and ideas. If you are in town over spring break be sure to stop in and see the show. Here are the details.
Darcey Kline | REALTOR® | Living Room Realty Manzanita
Abraham Lincoln said if you give him six hours to cut down a tree, he would take four hours sharpening his axe. The same idea applies to preparing your house to sell (or a visit from your in-laws!).
Before Marie Kondo made it popular, I always encouraged clients to declutter their home. I think it is an investment of time which will always pay dividends when selling and moving. But it’s also important to spark joy for a buyer when they come to view. Consider the following…
Become the buyer! Depersonalize your home back into a house-
‣ Refresh the air and make sure pet odors are absent.
‣ Repair all those little issues you have been putting off.
‣ Replace clutter with space and fresh touches.
Grab attention from buyers! Be the best dressed house on the block- ‣ Refresh your yard and house paint.
‣ Repair lamps, mailbox and shutters.
‣ Replace the roof if needed, and get the gutters done too!
Welcome buyers! First impressions really count- ‣ Refresh the paint on your front door.
‣ Repair or clean your door hardware, including your bell.
‣ Replace old doormats and add flowers!
Entice the buyer! Clean, clean and then clean some more- ‣ Refresh carpets, rugs, draperies and clean appliances.
‣ Repair and clean vent covers and bathroom fans.
‣ Replace grimy grout and ceiling fans.
Create your buyer’s dreams! Stage your house to attract everyone- ‣ Refresh your viewpoint, or work with a professional Stager to gain clarity.
‣ Repair and showcase the kitchen, the heart of the home.
‣ Replace your color palette with neutrals so buyers can dream too.
Amazing downtown location with PSU, art museum, theater, music, shopping, coffee & food in a 6 block radius. True 1 bedroom condo with super livable layout and no unit below or adjacent. Rare covered balcony with front gate & park views overlooks private courtyard with trees alight at night & relaxing fountain. A walker’s paradise with Portland’s best at your fingertips!
After four long years, the Portland real estate market is now right for those homeowners who want to buy a house, but need to sell their current home as well. In real estate lingo, they’re called “contingent buyers.” If you’re considering how to sell and buy a house, we’ve outlined four options to help you make the move. We’ve helped many Portlanders sell their current home and move into their dream house.
Why is 2019 a great time for contingent buyers? The Portland real estate market has changed, and we’ve entered a balanced market for the first time in four years. That means buyers have more leverage, including contingent buyers. (We do a deep dive into 2019 buyer trends in our post Is 2019 The Right Time to Buy a House?)
Before we outline your four options, remember that the HouseLovePDX Team provides free consultations and market analysis. Don’t hesitate to give us a call and arrange a time to go over your options in person or over the phone!
Option 1: Shop – Buy – Sell
This is a classic contingent offer:
Shop for your new dream home
Make a “contingent offer” to the seller – the offer is contingent on the sale of your current house
Seller accepts the offer
Sell your current house
Move into your new home
Sellers may be wary of contingent offers because there is more risk compared to a traditional offer. (If for whatever reason you don’t sell your current house, then the deal is off.) Some sellers won’t accept a contingent offer. In the past, sellers had more leverage than buyers in the Portland real estate market, and they tended to reject contingent offers. Happily that’s not the case in the current market.
When you’ve made a contingent offer, it’s crucial to sell your house as soon as possible. You don’t want to be sitting on the market for two or three months. Preparing ahead to sell your house will make your contingent offer as appealing as possible to sellers.
How to Prepare Ahead for a Contingent Offer
Preparing ahead for a contingent offer is similar to preparing to sell your house in general.
Free Consultation and Market Analysis
We provide a free consultation, including a professional marketing analysis of your current property. We’ll establish your house’s price point, and how much you can expect to get in terms of your net proceeds. This will give you a price range when you’re house hunting for a new home.
Recommended home improvement projects
We’ll provide a list of prioritized home improvement projects to help increase the value of your home. Not everyone can – or wants to – invest in home improvement projects. That’s not a problem! What’s important is pricing your house right to sell it after you make a contingent offer on a new home.
Create Marketing Plan and Stage Photography
We will create a marketing plan and stage photography that will show your house in the best light.
When you find your new dream home and make a contingent offer, we show the seller your marketing strategy, pricing strategy and beautiful photos. This assures the seller we’re ready to sell you house, and can provide the confidence needed for a seller to accept your contingent offer.
As soon as the seller accepts your offer, we’re ready to get your house on the market within 24 to 48 hours!
Option 2: Sell – Shop – Buy (Or Plan B)
We call this the “Plan B Option” because you must have a plan B arranged in case you don’t sell your house in time:
Sell your house
Shop for your new home
Either buy your new home or move temporarily into your plan B option
Plan B can be an apartment, or living with your parents or in-laws.
You’re already under contract to sell your current house, so you’re in a great position when shopping for your dream home. However, it’s important to do some research and make sure there is enough real estate inventory to choose from, i.e. other houses for sale within your price range and with the characteristics you’re looking for. You will need to shop for a new home relatively quickly.
The risk in this situation is that if you haven’t closed on your new house in time, you have to move into your plan B temporary housing.
Although it’s crucial to have a doable plan B arranged, so far we’ve always managed to get our clients into new homes before they’ve had to move to their plan B. (Moving back in with your parents seems to be a very motivating factor!)
Option 3: Bridge Loan
A bridge loan provides financing for a downpayment on a new house. That means you don’t need to sell your current home in order to purchase a new one. Like all loans, bridge loans are based on several factors, including your income and credit, and loan-to-value ratio. We can put you in touch with excellent loan officers who can provide detailed information on your unique circumstances. (Erika used a bridge loan to buy her last house, so she can speak from personal experience as well.)
If you qualify for a bridge loan you can:
Shop for your new dream home
Make an offer on a new house, financed with the bridge loan
Move into your new house
Prepare your old house for sale
Sell your old house
The major benefit of this option is you can wait to sell your house until after you’ve moved out. You don’t need to worry about moving into temporary housing and then moving again. If moving twice is something you want to avoid (think: children, pets, home businesses, lots and lots of packing) then a bridge loan may be a great option for you.
However, from a financial point of view, you will need to be able to pay two mortgages until your sell your old house. Not everyone has to make double mortgage payments, but you need to be able to afford it for the time it takes to sell your old house. Additionally, the selling price of your old house isn’t set in stone, so there’s some financial uncertainty.
In a best case scenario, you sell your current house quickly and avoid paying double mortgage. On the other hand, you may not be able to sell your house for six months, ten months or more, depending on the market. In our free consultation and market analysis, we talk to prospective clients about what they can realistically expect. If you are considering a bridge loan, you want to be confident that your property will sell quickly.
We understand that no one wants to pay two mortgages, so we will work with you to get your house sold quickly.
Option 4: Sell – Rent – Buy
This is a great option for people who want total financial security and don’t mind moving twice. If you want to make sure you have the money in the bank from your house sale, and you want plenty of time to shop around for your dream home, then this is a great option for you.
This option is straightforward:
Sell your current house
Move into temporary housing
Shop for your new dream home
Buy your new house
Kari went this route when she made her last move. This option gave her time to shop for the right house. There was no rush to buy a new house quickly.
There are pros and cons to each of these options. We’re happy to discuss your specific circumstances in detail. There’s no reason to wait – it’s time to move into the right house for you and your family! Call us for a free consultation at 971-322-6612 or email us at karianderika@livingroomre.com.
I shared the 5 mistakes to avoid before flipping a house with Tra’Renee from Afternoon Live on Friday. Whether you’re a seasoned house flipper or you’re getting ready to restore your first one, you could probably get a good nugget or two from watching my short interview. Check it out here.
Putting in materials and finishes that don’t work
Find out what finishes are being used for houses selling quickly in the area. Use those.
Consider working with a designer or an experience REALTOR® in this area.
Buying a house to flip with no good comparable houses
Flipping a house shouldn’t feel like a guessing game.
Work with a REALTOR® who can show you there are other houses like the one you want to buy that other buyers have bought for the price you need to sell yours for.
Look for evidence of houses selling for a lot more that are in much better condition. Take surrounding houses into consideration
Putting the house up for sale before it’s 100% complete. One chance to make a good first impression.
There are many houses I have walked into with evidence of work not being complete, door knobs falling off. No matter if that is the only doorknob loose in the house, it will BE the representation of that house.
All DIY
Hire professionals to do the professional work.
Taking too long
You had good intentions to flip the house in 2-3 months, and pretty soon that turned into more work than you thought. 9-12 months later you are ready to list.
A market can shift dramatically in 9-12 months. I like to buy a house, restore it, and sell it in the same market
Taking too long also kills personal morale. Keep that moment going.
Interested in more? Learn whether a house makes a good candidate to flip or not to flip here
Bobby Curtis Principle Broker Licensed in Oregon Licensed Contractor CCB# 215071 503-502-3066
Remodeled ranch in the heart of St Johns! This corner lot home lives large with three spacious bedrooms, a floor plan with flow & refinished hardwoods throughout. The modern kitchen features new stainless steel appliances and quartz countertops. The kitchen opens to the inviting living and dining room with plenty of space to entertain. Large renovated full bath with a double sink vanity & new tile surround. The attached extra deep garage on main allows for plenty of storage. Fenced in side yard and large lawn exemplifies space for BBQing, sunbathing, and summer hangs! New updates include gas furnace, h2o heater, roof & gutters, windows, siding, electrical wiring & panel, plumbing, sewer line & more.
St. Johns, a coffee branch of Portland. Mostly within a block of each other, you’ll find at least 5 coffee shops. If you’re looking for coffee and gelato, look no further than Affogato! Their homemade gelato goes hand in hand with their Equator Coffee brew. Stop by Mama San Soul Shack for a twist on Asian soul food. Or for a really authentic experience, walk through the bakery to get to some delicious tacos at Tienda Santa Cruz. Their $1.50 tacos and $4 dollar burritos are very hard to beat. Take your meal to go and walk down to Cathedral Park for a beautiful view of Cathedral Bridge. And don’t forget to stop by the Sunday Farmer’s Market for all your local favorites!
Step into this enchanting home on a quiet street in close-in Creston-Kenilworth. Bright and cheerful, the plentiful windows throughout fill the home with natural light. Enjoy the delightful mid-century details in the comfortable living space including a floor to ceiling stone fireplace and original hardwood floors. The open, classic kitchen is just waiting for your personal touches and the spacious basement is full of potential. Host BBQs and lawn parties all summer long in the large backyard with covered patio. Stroll through the lush greenery of Creston Park and enjoy nearby restaurants, movie theater, and grocery stores in this wonderful neighborhood.
We’ve broken down buyer trends for 2019 to help you decide whether or not it’s a good time to for you to buy a house. From questions about interest rates to concerns about another recession, we cut through the noise and outline a practical approach to decide whether or not it’s the right time for you to buy a home.
2019: An Equal Market for Buyers and Sellers
In Portland we saw a 2.4 increase in home prices from 2017 to 2018. While to many, this felt like a big slowdown in the market after five years of astronomical growth, these rates still show an increase in value on top of the huge growth experienced in previous years. What this means for 2019 is a balanced leverage market for buyers and sellers. As realtors, we’re happy to have a balanced market for the first time in years.
How Do Interest Rates Affect Mortgages?
At the end of December the Federal Reserve raised interest rates for the fourth time in 2018. The Feds are currently in a “wait and see” stance on interest rates, and as of January 10, 2019 say they plan to hold off on interest rate hikes until at least May. Today’s mortgage interest rate for a 30 year fixed mortgage is 4.75%. This is good news for buyers this year because although interest rates have increased from the historical lows of 2016, they are still very low and are likely to stay that way through April.
It’s important to know that Fed hikes in interest rates do not always cause mortgage rates to increase at the same rate. The fed hike at the end of December caused the ten year treasury yield to tumble, which is what mortgage rates follow. One of our amazing loan officers, Jen Bell, reported that this actually caused an improvement in loan rates. She locked a jumbo loan at 4.5% with no points.
What About a Recession?
Some buyers are scared to get into the market right now. They wonder if it’s a risky market where property prices could go down because of a recession. Oregon historically has had a recession about every nine years, which means we are overdue at this point. Having said that, there are many analysts who think that Portland’s population growth will continue on an upward trend and as a result, real estate values will also continue to follow that trend.
The 2008 financial crisis can provide a blueprint for decision making in 2019. For people who bought at the height of the market in 2007 or early 2008, it took five years to recover the value of their homes and start seeing an increase in the value of their property by early 2013.
We understand buyers’ desires to plan for a worst case scenario, so here’s why it still can make sense to purchase a primary residence now.
Is 2019 a Good Time to Jump Into the Market?
In 2019 we recommend buyers plan to remain in their new homes for at least four years. Ask yourself these questions to help determine if 2019 is the right time for you to buy a home:
Financially, will I be able to afford to pay a mortgage for four years?
Is my income stable enough to pay the mortgage for four years in a worst-case scenario recession where my property losses value?
Are there any changes on the horizon in the next four years – retirement, a new job or a reason I will need to move?
Am I going to be both a buyer and seller – selling my current home and buying a new, better home for myself and my family?
If you can afford to pay your mortgage and you are not planning on moving for four years, then there’s absolutely no reason to delay in buying a house in the current market.
A delay in purchasing is just a delay in building equity in your house. Although there are many emotional and lifestyle reasons to buy a new home, financially the end goal is building equity in your home. Eventually you can leverage that equity to build an accessory dwelling unit (ADU), finance college education or even purchase an additional investment property. If you are currently renting, then you are paying money for a roof over your head without building equity in your own property.
If you are considering both buying and selling in 2019, again there’s no reason to delay. When you are buying and selling in the same market, you may have more leverage as a buyer and less leverage as a seller, or vice versa, depending on the market. Either way, your leverage will balance out (remember 2019 is shaping up to be an equal market for buyers and sellers). If your goal is to secure a home that is going to be better for you and your family for the next four years, then now is the time to make that move.
On the other hand, if there is uncertainty on your horizon – a job opportunity elsewhere or other life changes that could impact your income – then it’s probably not a good time for you to purchase a new home.
If you have questions about buying or selling your home, please reach out to us! We are happy to discuss your financial situation and goals in depth. Reach us at 503-349-5449 or karianderika@livingroomre.com.
Have some money saved? Feel like your ready to take the leap and become a first time home owner? You should, its a big and exciting step. But buyer beware its not all rainbows and moonbeams. Working with Karin and Mike to look for their first home was an honor. They looked at about 10 homes and both knew the adorable bungalow with the huge yard in University Park was for them. Lots of light, fireplace, location, yard for Tumbles and room for improvements, checked all the boxes.
Then the home inspection and sewer scope came back with some issues – which is pretty standard in 100 year old PDX homes. Karin and Mike were not deterred however and decided to move forward, although a bit of the shine may have worn off. We had some tough negotiations with the sellers that pushed all of us to the edge, but we wanted this to work. Yes Karin and Mike had highs and lows through this process, each of them came close to tossing in the towel. They stuck with it and both sides had to give up a few things but in the end Karin and Mike have the first home of their dreams. They have some major projects to look forward to as first time buyers and they are ready. Most importantly Tumbles the dog has the yard he deserves and Karin and Mike can finally host Thanksgiving dinner next year!
Being a first time home buyer is an exciting experience, but buyer beware you may have some lows along the way. However with a good team behind you – Broker, Lender, Escrow they will make your journey as smooth as possible. I love working with first time buyers and helping navigate the ups and downs. Looking for your first home, I’d love to help.
This fresh Rocky Butte four bedroom home has a 2-level layout with excellent spaces; 2 bedrooms upstairs & 2 on the main. Remodeled bathroom & kitchen/dining area that opens to an epic, oversized lot with mature landscaping. Great finishes throughout with original hardwoods, mouldings & modern charm. Updates include fresh paint, carpet, electrical & tile work, huge covered patio & fenced back yard.
Click HERE for a photo slideshow of this property.
Time was of the essence when Andrew called, he found his jewel of a house and wanted to submit an offer promptly. I was in route headed home from our family vacation from Costa Rica to Portland, OR with two layovers and having to be in air for 8 hours. I knew I’d have to find the most efficient and focused time to draft a precise offer while floating in the clouds. So, our offer commenced 36,000 ft in the air on United Airlines.
The last time Andrew had called me to submit an offer on the home he and his twin Alex bought 3 years ago, my beautiful wife was in labor with our beautiful daughter Sadé Bloom.It’s always such a fun adventure working with them.
I originally met Andrew with his twin brother Alex 3 years ago during an open house at one of our listings; I had long flowing dreadlocks at the time. Immediately after connecting with them, I recognized what special geniuses they were. Andrew is astute with his numbers and Alex is Carlos Santana when he plays his guitar.
Back in 2016 the market was much different, we were deep into a seller’s market, we competed against multiple offers on several homes before we finally landed the perfect home for them at that time. This time around, Andrew set out this voyage on his own and after careful preparation, when the right home revealed itself we got into contract right away.
I am so excited for your new adventure Andrew & April! Cheers to your new home sweet home.
The C-word is showing up in more real estate conversations lately. Well actually a few c-words: Cooling. Creative. CONTINGENT.
Yes, the hot seller’s market is now cooler. Higher interest rates and feelings of market uncertainty have contributed to a slower real estate market, and it’s time to adjust expectations. Buyers have the luxury of getting a little more creative with their offers, like including contingencies, and sellers may find themselves needing to be just as creative when marketing their properties. Let’s look at this from a couple of perspectives.
Sellers: Time to start getting creative. We’re moving into a more balanced market. There are more houses for sale, which means buyers have more choices and they feel they have more time to find the perfect match. The days of selling your house for cash in 24 hours with 10 offers are gone for now.
Make sure you’re working with an experienced agent who knows your neighborhood, and can offer an educated perspetive on what to expect in the coming months. This will help appropriately price and market your house, and it will sell more quickly. If you get one, consider looking at those contingent offers. Keep in mind many of those buyers are also motivated sellers themselves. Have your agent find out if the buyers want to buy your house as much as you want to sell it, first. If you go this route, have some patience. To get the highest price and best terms in this scenario, you’ll likely need to wait it out a couple of months for them to sell their house first.
Buyers: You can get creative too! Need to sell your house before buying? Include that contingency in your offer or ask for an extended close period. Even ask for what you want, what you really, really want. Maybe after seeing many houses you’ve found your 95% dream home. Consider asking the seller to make some concessions so you can afford to make those improvements right away, or even ask if they’ll make those improvements before it closes. It can’t hurt to ask, especially if your offer is the only one on the table.
This scenario played out on a house I sold last week. The buyers found their almost perfect home that these sellers had just remodeled. But, it was missing a few things (or rooms) to work well for their family. What sealed the deal? The extra bathroom and finished living space the buyers asked to be constructed in the the basement prior to close. Not only did the sellers come through on their wish list, this sale was contingent on the buyers house selling, too. Are you still following? So why would these sellers do that? First, they remodel houses for a living so it was in their wheelhouse. Second, the buyers were willing to hand their earnest money over to the sellers before closing so they could make these personalized updates for them. Cool clients, contingent closings, creative considerations. All c-words on this one.
The market is changing. If you’re actively in it, you know that. Selling right now? Work with your agent to ensure you’re competitive and make sure they’re working creatively to get your house sold. If you’re buying, don’t pass up that 95% dream home. Just ask for what you want. The sellers will be glad you put a thoughtful offer together.
Bobby Curtis Principal Broker Licensed in Oregon Licensed Contractor CCB# 215071 503-502-3066
Our beautiful friends Carla and Andy told Jason and I that their cousins were needing to move to Oregon. They swung by both open houses that Jason and I were separately holding to introduce us to the wonderful Lorenzo, Teresa, and their beautiful children.
I received a text 3 weeks later with the great news that Lorenzo had a new job assignment in Portland, and they needed to quickly make the jump to settle in in Oregon. They were in the process of selling their home back in California so it would have to be a contingent sale. We prepped them for the potential hurdles we would have to face with a contingent offer so they were armed with knowledge before diving head first.
They flew in a week later and we lined up 5 homes that we felt fit their criteria. I warned them that it might all feel like a blur at the end of the tour; so we needed to keep detailed notes on each home. Home #2 stuck out from the very minute Lorenzo and Teresa stepped foot in it. By home #4, Teresa had a feeling that we needed to revisit #2 to solidify her gut reaction that this was home. We gave the listing agent the good news that we wanted a second viewing in the same day. After our second viewing Lorenzo started to see the draw of why Teresa felt like home #2 was home.
After Lorenzo and Teresa thought everything over, they gave us the go ahead, and we put together a strong case for why the sellers should accept their contingent offer. For extra support their lender, Dion Mancia with Caliber Home Loans, was amazing and called the listing agent to vouch for them as solid buyers. By the end of the day we were giving Lorenzo and Teresa the good news that we had mutual acceptance!
This transaction stood out to us particularly because of the excellent teamwork and communication of all those representing Teresa and Lorenzo. Their agent back in California, Naz Fontilea w/ Century 21, was fantastic and kept us up to date on the sale of their home so that we could organize our closing in Oregon. The escrow officers from Old Republic in California helped facilitate wiring funds from their sale to ours in Oregon. Jennifer Fahner with Old Republic Title and her team were amazing and worked together to sign Lorenzo and Teresa as soon as they received loan documents.
Our collective goal was to alleviate as much stress from Teresa and Lorenzo as possible so that they could focus on their end prize of moving to Oregon. Working on 2 closings simultaneously is no easy task, and Teresa and Lorenzo handled it like champions.
In a little over one month Lorenzo and Teresa moved their lives from California to Oregon, and we are so excited to have them here. We look forward to all the memories that they will create in their beautiful new home.
Cheers to Teresa, Lorenzo and the whole family! Welcome home!
Shout Out to All the People in this Blog:
Carla & Andy’s Super Cute Airbnb in St. Johns, Portland:
Take it all in! The amazing view of the West Hills, the outstanding central NW District neighborhood, and an incredible top floor location. Delight in the straightforward layout with an efficient use of space and roomy balcony you’ll enjoy all summer long. Accessible to MAX, street car, and trendy shopping and restaurants on NW 21st, NW 23rd and Pearl District. Attractive wood floors plus a spacious kitchen with breakfast bar and full size stainless steel appliances that make cooking a breeze. The bedroom has ample storage with a large walk-in closet. Lovely extras like bike storage, pets allowed and no rental cap push this enchanting unit over the top.
As far as proverbial phrases go, they say ‘the early bird gets the worm,’ but for this house on Robin Road in Milwaukie, it’s also a bit of ‘the third time’s a charm.’ If we mix these phrases together, well — the third birds get the worm. And those birds in this case are my clients Erik and Samantha – a determined and savvy young couple on the hunt for their first nest.
I met with them in the early fall, in the aftermath of a transaction gone sideways with another home and another agent. They needed a fresh start, and they knew exactly what they were looking for; specifically, a two-car garage, room to park a boat someday, never a split-level home, mid-century through late-90s, somewhere in Milwaukie or Oak Grove, clear communication and transparency from me, and a strong sense of understanding their rights within the overall process. Not a bad wish list, and I was certain we could make it happen.
Erik works as a financial auditor and Samantha as a mortgage industry professional. I couldn’t have asked for two more appropriately skilled clients to have as partners in this transaction. Firm and clear goals, detail-oriented, strong advocates and solid negotiators, but also flexible, kind and understanding, as well. That’s a great combination to possess in a home-buying transaction.
I had seen this sweet house on Robin Road over the summer for some other clients who never ended up touring the home. Even then, I was a little in love with the place – a sun-drenched and large mid-century modern perched on a small hill — with views to the west hills of Portland – and I really wanted to get inside to check it out. It had been under contract twice since April, with nearly $50,000 in price reductions, yet it remained on the market into late October.
Turns out that it was the second-to-last-house Erik, Samantha and I saw on our one day of touring together. I was already feeling good about the place, and for me it was love at first sight. I think Erik and Samantha felt the same, even though it was more house than they were expecting. But it really is the perfect house to grow into, with four beds, three full baths and 2800sf — with a massive, daylit basement kitted out with second kitchen potential. It also has the requisite boat parking, a two-car garage, and it definitely wasn’t a split level.
We returned the next day for a second visit with their parents, and learned the best part of this whole story: Erik’s dad grew up just two blocks away and attended View Acres Elementary just down the street. AND, they even have family friends that used to own this very house! Too many coincidences and good omens…it was a done deal, and we made the offer the following day.
In the end, we were able to negotiate a sales price less than the listing price, as well as obtained a new tear-off roof, a new radon mitigation system, and closing cost credit concessions from the sellers. There are so many things I love about this house, and I’ve enjoyed every visit over the past 30 days. Erik and Samantha are the perfect ones to buy this home, care for it for years to come, and continue the family history in the neighborhood. It’s been so great working with them through the process, and I can’t wait to hand them the keys to their first nest later today!
This charming 1930’s Cottage was a fun to sell and classic Manzanita Real Estate! What was there not to like? You were two blocks from the center of Manzanita Village and a half a block to the Pacific Ocean. The location was fantastic and while it was a 1930’s Cottage, it had great updates to wiring, foundation, kitchen, roof, etc. so it was move in ready. While I love ocean front homes, being back from the beach 4 or 5 houses has it advantages when it comes to wind, rain and home maintenance. At this location you still get to see the ocean, smell and hear the waves crashing, but your shingle siding does not take that ocean front beating from wind and rain. Close enough is my motto here and the one I live by down on Treasure Cove Lane. Dave Leach, Broker, Living Room Realty, Manzanita.
A rare find! Beautiful Old PDX style modern home, built both for efficiency and classic beauty. Perched up off the street this home offers light filled open spaces, gourmet kitchen, custom details and so much more.
Paloma and Mike are amazing clients and together we achieved something almost beyond belief!
I had seen this sweet house on Robin Road over the summer for some other clients who never ended up touring the home. Even then, I was a little in love with the place – a sun-drenched and large mid-century modern perched on a small hill — with views to the west hills of Portland – and I really wanted to get inside to check it out. It had been under contract twice since April, with nearly $50,000 in price reductions, yet it remained on the market into late October.
We returned the next day for a second visit with their parents, 