Blog Buyer A home on the bluff

A home on the bluff

By Carson Mead, May 21, 2019

I recently finished up working on the perfect deal with Chuck. He was looking for a home that had been lovingly restored, as he wasn’t in the market for taking on a big project house. We found a wonderful home in NE Portland near Montavilla that the owner had been rehabbing for the last two years. The house was on the smaller side, and sized appropriately for my client and his sweet dog. As opposed to some flips where the owner only does cosmetics, and sometimes lower quality at that, this house had been remodeled from the studs out. It had new Hardi Plank siding, 30 year comp roof, new high end windows, furnace, water heater, and thoughtfully re-imagined on the interior. I always tell my clients that if they’re buying a house that’s new or remodeled, it’s most ideal to love the finishes, as that’s what you’re paying for. This was just such a case. It was clear that it had been a labor of love for the seller, and the mutual appreciation from Chuck started off a really solid foundation for communication.

The seller had been recently certified as a general contractor, and this was his first time taking on a full renovation. When our home inspector called out a few items that had been ‘overthought’, we used that report to negotiate the corrections on the repair addendum. Everything had been done intentionally, but some things were done in a more complicated fashion than necessary. The seller agreed to take on all of these fixes to the buyers satisfaction. It was well placed faith in the process of the deal that was a win-win for both parties. My buyer loved the house and what was done, and the seller cared about making sure the buyer was happy.

We worked through all phases well with the listing agent the parties involved, and in the end we closed a very smooth transaction. Chuck and the sellers are in touch and planning on having a beer together after closing to meet in person– I love it when we end up at the finish line of a deal with the buyers and sellers feeling so great about the purchase of a home.

Carson Mead

Broker | ADU Specialist

My first introduction to the world of real estate came in 2004, when at the age of 22 I bought my first home in NE Portland with my sister. I still remember what a monumental life transition that was. Buying my own home laid the foundation for a lifelong love of all things related to houses. I enrolled in a year-long Building Construction program to gain more knowledge in housing systems and techniques. I have used those tools to enhance my own home both inside and out. I joke that my favorite part of a house is the basement, as that’s where I can see the health and maintenance of a home’s systems: plumbing, electrical, HVAC, foundation etc. While a home inspector is the professional on helping to understand the story of a home, I like to provide as much due-diligence as possible up front before you spend the money and get into contract. Ultimately my goal is to meet you in any endeavor that you are wanting to undertake. If you are looking to sell, I will develop a strategy that makes sense for you with your goals, timelines and marketing strategy. If you want to invest in your home before going on the market, we’ll look at what you can do to maximize your profit: be it refinishing floors, painting, modifying light fixtures, and getting it staged. If you need to stay in your home while selling, I’ll bring in my stager to help get perspective on how to pare down the feel of your home and have tangible goals to achieve in getting ready to go on the market. If you are looking to invest in Portland real estate, we can talk about the big four in analyzing properties. Rental income, principal reduction, equity growth and tax benefits. I work with spreadsheets to outline these assets so you can see the short and long term performance of your investment. Once last piece of my professional and personal life that I spend a lot of time thinking about are ADU’s (Accessory Dwelling Units). Also known as mother-in-law units and granny flats, these can be detached or attached. When I see a home, I look at the property in detail to see how the home is oriented on the lot and if it is ripe for a detached ADU (new construction), or if it is a good prospect for creating an attached unit (a basement apartment). I also look at the zoning to see what kind of potential this could add. I am in mid-process building my own detached ADU. The structure is going to be modern with clean lines and open concept. I live on a corner lot, which means the ADU can have it’s own street entrance. I also have zoning which will allow me to split the lot if I choose and sell it separately at some point. My plan is to keep it as a rental, but this will create a lot of flexibility both short and long term. I am a cooperatively focused broker, with a passion for helping people achieve their goals and succeed in their endeavors. I am patient, understanding, trustworthy, and truly care about your best interests. I serve on my neighborhood association board and the larger Northeast Coalition of Neighborhoods. Please let me know if you'd like to share a beverage, coffee, tea, beer/wine to talk about what’s important to you and see if it would be a good fit to work together. All the best— yelp
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