Blog Stories Sold in a snap

Sold in a snap

By Carson Mead, August 13, 2020

A couple of my old and very good friends recently decided to sell. They had started their family in this small home, but had since outgrown it and moved to Eastern Washington to be closer to family. The home had been a rental for a few years as they mulled over how to long to hang on to this little charmer of a house. We were in touch, and as the renters moved out we talked through the implications of having it as a rental long term, versus selling prior to owing capital gains on it.

They decided that selling now makes sense, and so we kicked into high gear . We lined up a bevy of contractors to sequence out getting the home ready from being tenant occupied to staged and market ready. The house had a lot of activity, and we received multiple offers within a few days. I built out a spreadsheet so they could see similar terms side by side, and they selected the offer that was the most competitive and felt right for them.

We worked through the negotiations of the inspection items, and were able to come to mutual agreement on final terms. My clients close next week after 28 days in escrow. This weekend they are coming back to Portland to say their final goodbyes to the house. I’m thrilled we were able to work on such a successful transaction, and they are able to start planning for their next endeavors.

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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