Blog Stories Overcoming distance, timelines, high prices and a full scale pandemic to get our client to the finish line!

Overcoming distance, timelines, high prices and a full scale pandemic to get our client to the finish line!

By Cristen Lincoln, March 30, 2020

Not only was Kara purchasing her investment property from across the world in Spain, she was chasing a timeline due to the 1031 exchange rules. When you sell one investment property to buy another, you can avoid taxes by doing a “tax deferred exchange.” It has a strict set of rules to follow if you want to avoid paying taxes on your sale, and one of them is how quickly you need to identify and close on the next place. So we have a buyer in Spain, on a tight deadline, looking for a needle in a haystack. She wants new construction, either a duplex or house with ADU. Being in Spain, she won’t have the bandwidth to do lots of fix up, so newer was at the top of her list of important boxes to check. We found that her top price of $600, just wasn’t quite enough. There were options,but they were all just a little bit more. Being in Spain, she couldn’t qualify for a loan here, so we got creative. We searched until we found a seller willing to carry back the balance of the purchase price, with a large portion in cash. We found it! Perfect newer construction house with the cutest detached ADU. Both already rented to some awesome folks who love their home. We got it put together just as the pandemic was ramping up. Our buyer had to leave Spain, go through testing and quarantine to get back to the states. She made it just in time to sign documents and close on schedule. We had everything ready and waiting for her, so she only had to worry about getting herself where she needed to be.
What a roller coaster! There were many moving parts to this, and lots of challenges to proactively navigate and problem solve. This is where we shine though. At the end of it all, she said it was “easy” despite everything that was going on. Behind the scenes, I wouldn’t have called it an easy one. But the goal is always to have the client feel it was. So, mission accomplished on several levels with this one. The most important of course is that Kara got everything she wanted, and on schedule!

Cristen Lincoln

Broker in Oregon & Business Development

I’ve been a full time REALTOR® since 1993, and after more than 25 years in the business and thousands of transactions under my belt, I still love it!  At Living Room Realty I facilitate individual agents' business development, am a member of the Broker Advisory Group which provides direction for the company, and lead a Roommates group which allows agents to share ideas for improving their business practices. I feel very fortunate to come to work every day and do what I love. I grew up here in SE Portland, attended our neighborhood schools and live just five minutes from my childhood home. I never even thought about moving away. I love to travel, but Portland is my home. When I’m not working, I enjoy volunteering at my kids’ schools. I’m known for throwing an epic class party! Before I had kids, I never knew I’d also enjoy being a “soccer Mom” as much as I do. When I have a free moment, I love to hop on my bike and ride down to the waterfront from Mt. Tabor where I live. Biking through the neighborhoods is a nice way to stay in touch with the city, and also stay in shape! When I feel like I want more of a challenge, I’ll add the climb up Mt. Tabor. It’s good ride with the reward being the view from the top of the park. Besides Portland, my family’s second home in Central Oregon is my favorite place. We escape there every chance we get, and love to explore the endless hiking trails, lakes, rivers and other natural wonders the high desert has to offer. Snowboarding on Bachelor is at the top of our winter activities list. We just love nature. Our two dogs love it too, and we take them almost everywhere with us! I’m an avid gardener. Meandering through Portland Nursery, even if I don’t buy anything, almost feels like a mini vacation. My Mom taught me a lot about tending a garden, but I also might have gotten my interest in gardening from my ancestors who were among the first settlers of Sauvie Island. My maiden name is Charlton, and a few of us still live and work there. There’s even a road named after my family. The kids think that’s pretty cool. My family has deep roots in Portland. I’m a true Oregon native, local SE girl, Mom and business woman. And, I’m passionate about working in the city and neighborhoods that I love. ADDITIONAL AWARDS & AFFILIATIONS
  • BrokerAgent™ Advisor ‘Top 500" and "Certificate of Excellence"
  • Portland Monthly Five Star Agent for past 7 years
  • 10 Best of 2015: Client Satisfaction – American Institute of Real Estate Professionals
  • Mt Tabor Park Stewardship Fund Committee Member
  • Past PMAR Public Relations Committee Member
  • Former Mt Tabor Middle school PTA and Auction Committee Member
  • Past PTA board member at Atkinson school and Auction Committee Member
  • Franklin High School PTA Member
  • Impact NW Volunteer and Community Liaison
  • Past Member Rose Chapter National Charity League
  • Member 99 Girlfriends Collective Giving For Impact
AT YOUR SERVICE Meet my Team • Owner/Partner: Jenelle Isaacson • Principal Brokers: Cody Thurman and Paul D'Souza • Licensed Broker: Stacey Pongracz-Bartha • Team Coordinator: Deborah Holmes • Client Services and Marketing Department: Whitney Diffenderfer, Blaine Smith, Gen Torelle, Becky Barryte, and Vanessa Rehder References available upon request.
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  • T: 503-260-2414

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