Blog Buyer The evolution of a buyers frame of mind

The evolution of a buyers frame of mind

By Carson Mead, July 16, 2020

My client’s Hieu and Christina just finished up their first home purchase. We met several months ago, and ironed out details of their search while they finalized some of the last items to get their financing in order. Their wishlist included 3 bedrooms, 2 bathrooms, move in ready with a large yard. They wanted to be in the south Tabor area but were flexible on location, 550K max.

We started looking and saw some interesting options, both in older renovated homes and newer construction, but none of the homes really felt like what they were hoping to find. The location really started to adjust as it became clear that the home itself was of paramount importance. They looked south to Milwaukie, east to NE 122nd, and across the river in SW Portland.

They ended up coming across a really unique opportunity in SE Portland in the Lents neighborhood. A really small developer had bought a lot, partitioned it, and custom built two homes on it. The larger lot portion had a really nice layout with 4 bedroom, 2.5 bathrooms and open concept living area. The yard was not what they had initially wanted, but the house was so nice they adjusted their expectations. It wasn’t Mt. Tabor, but two blocks away was a large park with an off leash area.

The home inspection came back crystal clean, and the deal went off without a hitch all in all . They’re moving in Friday, and I’m so excited for them to officially be home owners!

 

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— carsonmeadpdx.com yelp
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  • T: 503-853-5446
  • F: 503-961-8224
  • carson@livingroomre.com

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