Optimism Leads to Achievement!

Congratulations to Chris and Hannah!

Part of what I love about my job is the opportunity to meet all kinds of people and help them through the shared goal of homeownership. It’s fascinating what comes up for people, what ideas they arrive with and how those ideas affect their journey. Hannah and Chris brought optimism with them to the home buying process and it made for a very smooth and very fun experience! They were open to ideas and trusted our input. They were a blast to check out houses with!

Hannah and Chris found a gorgeous remodeled home in St. Johns and sailed through the transaction like champs. We ended up running into a very uncommon snag along the way and they were open to creative solutions and ready to roll with the punches. Everything worked out great and I really appreciate their optimism along the way. Cheers!!

 

Under asking!

In this market it is hard to negotiate an under asking offer whether it is warranted or not.  Getting past the sellers expectations that every home receives multiple offers and sells well above the asking price is one of the largest challenges.  We toured this home and could not figure out why the home was not going crazy?  The finishes were great, the floor plan was ideal, the area lovely, so why?  There was no glaring reason except market timing.  The summer surge winding down, people going out of town for their end of summer vacations, and families preparing for in-person school to start were the only plausible reasons.  Entering the market with perfect timing and finding value without compromise is Mackenzie and Cory’s story.  Inspections were very clean, appraisal came in above the sales price… everything lined up and they are now the proud owners of their new home. Congratulations!!

Just Sold: Mid-Century, Cedar Hills Stunner

Travis and Lucy were past clients of mine, looking for a new home for their family. They wanted to purchase something, before selling their home, so we had some early conversations about how to structure their financing and be able to make competitive offers on any properties they found interesting.

They needed a layout that worked a bit better for their current needs which includes working from home and homeschooling their son. They desired for it to be situated in a neighborhood that had sidewalks, not directly on a busy road, had a lower maintenance yard AND most importantly, fit their style and aesthetic of an older home, without the deferred maintenance that many came associated with.

We looked at many different neighborhoods situated on the West Side, and when this Cedar Hills Home popped up, just a few minutes away from their current home, they knew they had to compete for this one. As is the norm in this market, this one came up with multiple offers to compete against, but thanks to our earlier conversations and the legwork Travis and Lucy had already done before even starting their search, we were able to craft a compelling offer that beat out the others!

Thanks to Ken Kondziela at NW Premier Mortgage, Inc. for his work on the financing side of things. He was able to get Travis and Lucy qualified with no-hiccups, was great as ever with communication, and we closed right on time.

Cheers Travis, Lucy and Atlas! I hope you are able to create many great memories in your new home!


JUST SOLD

1380 SW Hilldale Ave

Portland, Oregon 97225


SOLD AT: $690,000

3 BEDROOM | 2.1 BATH | 2,133 SQFT
MLS#
21650519 

photo courtesy of Michael Elton with The Hasson Company

15+ months

Adrienne and Spencer set out to find a parcel of land to farm and raise their two sons.  They started the search 15 months before they needed to be settled for their oldest to enroll in school.  We definitely felt that was plenty of time, but it was barely enough.  Limited inventory, preferred school restrictions, commute times, and trying to find quality land for them to farm proved to make this journey feel almost impossible, to say the least.  They were open to all ideas and angles to make this happen, but settling on those major points was not one of them.  Many properties we considered had some major concessions, and the ones that worked were fiercely competitive.  Time had run out and hope was almost lost until they found an interim school that their son could attend to give them more time – I was so happy for them to have found an option to take the pressure off, but it is funny how things work out because once the school pressure was solved another home hit the market.  The land was perfect and the house would work.  They fought hard for it and came out victorious – now they are about to get the keys and finally put this chapter behind them and move into a new chapter for their family.  Every second of helping them has been a joy!

New Orleans to Portland

Now that retirement was on the horizon, the time had come to consider living closer to their daughter and leaving behind the hurricanes and destruction they had dealt with over the decades.  After a few exploratory trips and counsel, the idea of building a home transitioned into finding a beautiful condo.  The amazing views, easy-care, and walkability became very seductive, so when they came to town again with the goal of finding their next home, we visited many great options, but the first unit we toured was breathtaking and no other home we saw came close – the decision was clear.  We are so excited to have been a part of this journey with Stephen and Janice – Congratulations!

Milwaukie’s Best

Nope.. I didn’t spell it wrong, we’re talking about Milwaukie, Oregon, a suburb of Portland. I’ll save my opinion on the quality of the beer that shares a similar sounding name.

Milwaukie has the feel of a small town, but is just minutes away from all that Portland has to offer. This was exactly what drew my recent clients to this community. It’s really the best of both worlds for them, they found a feeling of quiet and calm without having to commit to actually living in a small town or leaving the city they love.

There are a ton of community events in Milwaukie that are great for residents and visitors alike. The Milwaukie farmers market is an absolute gem! Every Sunday, May through October, you can find a huge variety of local food items including produce, nuts, bread, snacks, wine and spirits. Additionally there is an impressive array of local crafts and often live music. It’s definitely worth checking out! The city also hosts Fun in the Park and Carefree Sunday events that are great for all ages! As the weather cools you might be interested in their Winter Solstice event at Milwaukie Bay Park where you can watch the Christmas Ships go by while you enjoy the bonfire and some tasty treats. If bonfires aren’t your preferred method of getting warm you might consider warming yourself from the inside at the beer garden – I’ve never checked, but my guess is they don’t serve Milwaukee’s Best.

Pearl District Condo for a First Time Homebuyer

If there is one part of the Portland market that’s not hot right now, it’s condos downtown and in the Pearl District. The Covid buying frenzy really focused on detached single family homes with yards. Communal living where you have to walk into an enclosed building and then take an elevator to your front door was the exact opposite of what the majority of buyers have wanted over the last year and a half. So for those folks who DO want to own a condo in the Pearl, the neighborhood is a pool full of fat oysters where buyers can take a while to look around be picky about what type of unit they want.

My buyer Gene moved up to Portland from southern California and had been renting an apartment in the Pearl. He loved  the neighborhood and how convenient it was to walk to anything and everything, and decided he wanted to purchase a Pearl condo for his first home. Gene loves to get out of town so having a dedicated parking spot was important, as was having as much of an unobstructed view out the window as possible. He was really attracted to the Edge Lofts at NW 14th and Kearney, and the higher the floor the better. We were able to score a fabulous 1 bedroom condo with views for days on the 10th floor. The previous owner spent a fortune upgrading the original blah kitchen into a masterpiece full of counter space and cupboards, all while leaving plenty of space in the living room/dining room/kitchen area. Interest rates are so dirt cheap right now that if you can afford the monthly payment, financially you are better off long term borrowing as much as 95% to get a conventional loan and investing whatever else you planned to use towards a down payment in so many other investments that on average pay greater than 3% annual return. For every $5,000 a buyer borrows, it’s about $21 a month, or equivalent to giving up one coffee a week at a coffee spot. The condo had been sitting on the market for 6 months and had a couple of price reductions. Holding onto as much cash as possible after closing made the most sense to Gene, so instead of asking for another price reduction, we asked for seller paid closing costs, which the sellers were happy to do. Inspection went great, appraisal came in at value and less then a month after we put in the offer, Gene got keys to his very own slice of Pearl paradise.

First Time’s a Charm!

When our lovely client Lynda called us about purchasing a house in Portland, we gave her the usual “speech” about steadying and pacing herself for a brutal market for buyers.  We warned her that it was not uncommon for a buyer to make offers on up to 5 different homes before “landing” one.  When we found this lovely home in Lents, she was tickled:  it was just the right size, in wonderful condition and MOST importantly, super close to her grandchildren!  She asked us how she could get her first offer accepted, and then she did everything we advised.  She made concessions on price, appraisal, and inspections AND it worked out!  Now — in the next few weeks ,she will be reunited with her family after shockingly little real estate drama.  This is the result of a perfect combination of beginner’s luck and buyer savvy for sure!!

Congratulations Linda — we can’t wait to watch you make this house your home!

Flipped and Fabulous in Cully!

 

Our lovely buyers, Mary and Mikel, just closed on this lovely remodeled home last week.  Sometimes “flipped” homes get a bad rap, but this dialed home in Cully was restored with care and attention to detail.  A great combination of mid-century charm with modern updates.  Check out the beautiful finishes and awesome oversized back yard!

 

Congratulations Mikel and Mary — we know you will be very happy in your new home!

 

 

 

 

Congratulations Dovina and Leonard!

It was just meant to be!

If you know me, you know that I love helping people make a move. I love my peeps and I’m super committed to getting my clients into the home of their dreams. I will negotiate until my face turns blue and call every contractor in town to get information for my clients. I am committed to making this a great experience but unfortunately, you can’t always control how things go? For instance, I can’t make a seller accept an offer. I just can’t.

So here’s the short version of one of my all-time favorite stories 🙂

Leonard and Dovina really wanted to live in Newberg to be close to their daughter and grandchildren. Last spring and summer, we looked at just about everything that Newberg had to offer. It’s not unusual for the search to take a little longer when you’re looking in a small and popular town, like Newberg. After months of looking, they found a gem, a darling house that is close to downtown with a cute yard and great character! It quickly became competitive and we pulled out all of the stops. Long story short, Len & Dovina’s offer was the highest with exceptional terms, but in the end still beat out by a lower cash offer because they totally waived the inspection period. I just can’t ever recommend that a buyer waive all inspections.

It just wasn’t meant to be is what we told ourselves. That’s what we have to say sometimes to make sense of things when it doesn’t go the direction we would like. But this one kept nagging at us! We continued to look in Newberg for another year and kept comparing every house to the ‘one that got away’.  …And then it came back! Almost exactly a year later it popped back up and wouldn’t you know it, we put it in an offer and got it this time!

Cheers to my lovely friends, Leonard and Dovina! I wish them all the best in their home that was definitely meant to be!

 

Just Sold: West Portland Park Traditional

4110 SW Huber St
Portland, OR 97219


     Lovely 1940s traditional charmer boasts original character with tasteful upgrades throughout. This 3bd 2ba features a classic floor plan with plenty of natural light for private and specialized spaces, perfect for hosting Zoom calls. New skylights and carpet, two fireplaces (gas and wood) sustainably sourced bamboo and cork flooring, ample parking with extra RV/boat storage and attached garage. Convenient location, minutes to downtown PDX, Multnomah Village, OHSU and multiple parks.


3 BEDROOM | 2 BATH | 1579 SQFT

Sold 8/19/2021      $480,000

The Bluest Blue House in Portsmouth

Congratulations to my clients Rachael and Zak who just closed on  closed on this blue mod skinny in Portsmouth! From the outside it appears to have a similar interior layout as the other 1,000 skinnies, but what sets this one apart is the nearly 20 foot tall ceilings in the living room. The design on this house has the 3 bedrooms upstairs, but the living room is opened up so that the upstairs hallway overlooks the living room. Because of this design, the light in this house is incredible. Rachael and Zak knew they wanted a house that didn’t need any work and had at least a small private yard, and this house is all that and more.

These two were so easy and fun to work with, and our house hunting search consisted of seeing 2 houses, one of which was a definite nope, and the other this blue house. With the slowing market, they only had to compete with one other offer on the blue house. With a nearly perfect inspection, this house is everything they had hoped for.  We even closed a day early.  My only regret is that I didn’t get to spend too much time with Rachael and Zak because everything went so quickly and smoothly.

 

Family Ties

What an honor to help this family once again! When Nicky and Noah reached out and mentioned the family they were a part of I was once again honored and super excited at another opportunity to help. Every person in their family radiates kindness, grace, and excitement to become a homeowner and it has been such a pleasure to help each and every time.  Nicky and Noah were no exception, my only selfish regret is the search was so short because an amazing home had a price reduction in the first week of their search and became an option for them.  We toured the home and could not believe that it satisfied every one of their needs and wants.  Amazing things happen to amazing people, period!

The Family Connection

We are always so honored to have a client refer one of their family members! After helping these clients both sell and buy this year,  we were excited to get a call from a sister and brother in law moving in from out of state.  We love seeing family move closer to each other and we were delighted to be able to use the limited time they had in town to find them a wonderful home in West Beaverton, just a hop, skip and jump from family.  More time for the cousins to play!
Have family or friends moving to the Portland area?  I would love to be of service, give me a call!

Creativity is intelligence having fun!! – Albert Einstein

Congratulations to Justin!!

Sometimes I meet clients who have a unique vision searching for a special property. This was definitely the case with Justin! He is an artist and psychologist who strives to bring people together and build community around him. What a gem! 

Once we met up and started looking I quickly realized how unique of a property he was looking for and I knew this would take some serious searching and diligence. I was ready to be patient and do whatever it took to make it happen for Justin. 

But then wouldn’t you know it, Justin must be connected to the stars because he made it appear! He found a darling house that fits his needs perfectly! It had been on the market for quite a while waiting for the perfect buyer. We were able to get a great offer accepted for Justin and we were off to the races!

I am so happy for Justin and I wish him all the best in his sweet new home!

Being a Citizen of Portland

Being a citizen of Portland is not a matter of where you are from, it is a mindset you bring with you.
I’m here to give you one man’s opinion:
Everyone wants to close the gate once they’re in, but more and more fine folks are moving to Portland. I, for one, am a transplant from Seattle. I moved here following my heart and have made it my home.
Whatever your reason for coming to Portland, I want to make you feel welcome. I, of course, work with a whole bunch of people moving to our area. Some have stayed because it felt right, some have left because the perception was different than the reality. Some leave again for work, some leave because of the long grey winters.  I do want to say that Portland is not just one thing. There are many little cities hidden within the whole and I hope that people, families, friends, humans, dogs, cats and pet fish all are welcomed and can find their perfect niche to call home.
I’ve heard it said that our  transplants from the south (ie: California) often try to get rid of the license plate as quickly as they can. But in reality, this is a city of transplants, just don’t be a jerk 😉

Just Sold – Charbonneau Split Level 32145 SW Armitage

 


Gorgeous home in Charbonneau! Split level with spacious floorplan. Vaulted ceilings and floor to ceiling windows send light pouring into the rooms! Many updates! Brand new gutters, new deck & kitchen appliances 2020, tigerwood floors, windows, freshly paved driveway, gas fireplace in living room, tile in primary shower, and much more! Tranquil and private, low maintenance yard with fruiting trees. Endless amenities! Golf course, saltwater pool, walking trails!


32145 SW ARMITAGE RD Wilsonville, OR 97070
Sold  8/13/2021      $560,000

Look at that view

Wow, when entering this amazing home it was hard to look past the amazing view, but once our eyes peeled away from the windows the house wowed Danish as well.  He knew this house was meant to be his.  In a very competitive scenario, Danish showed up and came out victorious on his first offer.  Today he gets the keys to a great home with secondary living quarters for family and friends to stay in when they come to visit him in his new home!  Congratulations Danish, we are very excited for you!

When your “New Normal” is…. freaking awesome!!

Congratulations to Jake and Nicole!

I think you can all relate when I say- what a year!!  The pandemic really threw a wrench in things (to put it very mildly) and we are seeing a lot of folks making changes in the aftermath. My clients, Jake and Nicole, exemplify this and are making a big change! They own a darling home in Overlook and loved it when they bought it. Working from home, through the pandemic, they realized that owning an older home (no matter how cute it is) can be a lot of work! They were feeling overwhelmed with the tasks required of them and realized that yard work was not for them. They felt inspired to look for a low-maintenance place with modern conveniences and a modern design. What they found was perfect! A lovely newer townhome in Hillsdale with clear grain cedar exterior, floor to ceiling triple glazed European windows & doors, white oak hardwood floors, wool carpet, quartz countertops, marble master bathroom, stainless steel appliances. I’m so happy for them! Congratulations!

 

 

 

Modern & Chic Abode with ADU

JUST LISTED – 412 N ALBERTA ST

Offered at $640,000

3 Bed | 3.5 Bath | 1860 SF | MLS# 21483637 | Taxes: $7403

VIDEO TOUR

Step into this immaculate, modern attached home with a fantastic layout! Perched high off the street, the first level of the home is easy living. You’re going to love the kitchen: stainless steel appliances, gas range, quartz countertops and breakfast bar. The flow between the kitchen and living room in this open concept layout provides convenient space for entertaining and cozy evenings alike. 

 

Plenty of comfort on the third level with a generous primary en suite and a second large bedroom with full bathroom. You’ll find bright natural light in the bedrooms with the primary suite offering a generous walk-in closet and bathroom with extensive tile work.

 

The lower level is a spacious ADU for guests, family, or additional earning potential! ADU features a large open living space, a darling kitchen with stainless steel appliances, a full bathroom and a large bedroom. As a short-term rental, this space has generated between $2300-$2500 a month.

The home has an Earth Advantage Platinum rating with central air conditioning, gas forced air heating and double pane windows.

Fantastic location close to shops, parks, cafés and restaurants! Great for walking plus a bike score of 93! Fall in love with this modern, move-in-ready, townhome. It’s waiting for you!

Condo with a View

Transitions, changes, moves….that’s what this condo purchase was about. My client was leaving Nashville and heading to Portland so she could be near her son and his brother in Seattle. Having lost her husband several years earlier, she wanted to be close to them and start fresh. This was her first purchase on her own. 100% her decision! We were looking for the right neighborhood where she felt safe walking her pups at night. Where she could walk to coffee shops and restaurants, and where she could get to know the landscape of her new city, Portland! We checked out neighborhoods, looked at condos and townhouses and landed on this beautiful NW condo with panoramic views of Portland. And, now the journey of discovery begins!

Barb and Tom find their fresh start!

Congratulations to Barb and Tom!

Everyone loves a fresh start! My lovely clients, Barb and Tom just made the leap from Florida to Portland and scored a wonderful condo on the SW Waterfront. You wouldn’t believe the gorgeous views of the river and the west hills (swoon!). What a wonderful spot to land.

I met Barb and Tom a few years back when I helped their son buy a home in SE Portland. We hit it off immediately, they are so fun and lively! And as you probably know, moving to be close to family has been a trend with the pandemic. Plus they are retiring and were ready to downsize. We looked at a few lovely homes but in end, a condo made the most sense because of the low-maintenance lifestyle. I’m so excited for them to move in and have fun around the city with their family!

Just that easy

Elaine and Greg were ready to jump into Portland’s competitive market and had heard all of the intimidating tales of multiple offer scenarios and long term buyers spinning their wheels for months unable to successfully purchase a home. We believe that even in a seller’s market, buyers can and should feel empowered in their decision to purchase. One of the ways we arm buyers with the reclamation of their power in a competitive landscape is building a foundation of information, a strong understanding of each home’s value and shortcomings (there is no perfect home), and being a living reminder of the values buyers entered the market with so we can help uphold those values when challenging decisions emerge. For Elaine and Greg, starting the search with clear needs and a thorough understanding of where it made sense to compromise led them to an ideal home and neighborhood immediately upon entering the market. The introspection that foregrounded their search made things deceptively easy! We are thrilled that things aligned so elegantly and can’t wait to celebrate.

The joy of no concessions

Mallary and James entered the market excited to find their new home, but after listening to a lot of their friends’ stories they were also realistic about the possibility of it taking a while. To their surprise that was not their experience. Their clarity on what was most important and their commitment to make time to look at possibilities brought them to the finish line quicker than the average buyer in this limited inventory, competitive market. The most exciting part is they did not need to concede on anything.  Today they received the keys to their lovely three-bedroom home, with amazing natural light, and an oasis of yard to enjoy. Congratulations Mallary and James, it was such a pleasure helping you!

Easy peasy… here’s the key-z!

Congratulations to Kari & Trina!!

I love referrals!! I think I’ve said that before, but it’s just so true! Every dang time.

Here’s the story, Kari and Trina found the dream-house before they found the dream-agent. We happen to have mutual friends who referred them to me and what a great match we are! They are fun, smart and know what they want. Perfection!

Here is what is so cool about referrals. When a past client or close friend refers me to someone I’ve never met, it’s far more likely that we will build trust quickly and be able to hit the ground running because the new client already expects to have an awesome experience. That was certainly the case in this situation. This was a competitive sale and we needed to hit the ground running. From the minute I met Kari and Trina I knew that we had trust and that we could do what needed to happen to get them into their dream house. And it was an awesome experience! Now they have the keys to their forever home and I hope they refer me to their friends as well.

If you or anyone you know wants to talk about buying or selling a home, I would love the opportunity to connect with them!

There comes a time when all the pieces fall into place!!

Congratulations to the Voelkers!!

 

I’m so thrilled for the Voelkers and their new home!! They exemplify patience and stick-to-itiveness! And now they have keys to a sweet 50’s ranch in a great neighborhood close to their friends. 

Everyone knows that things don’t always happen on your timeline. Sometimes you’re rolling with the punches and pivoting more than expected. The Voelkers were always game to try things out and walk away when it wasn’t right. That’s especially hard to do in a seller’s market and there’s no guarantee the next one will be any easier for a buyer. But, again, patience and persistence run deep in this family, and I admire that! Buying a home is no small thing and you should only buy the house that is right for you. This is surely the home that is right for the Voelkers! Cheers!

 

 

Second Offer is the Charm in Kenton

My buyer Clayton was referred to me by some of my favorite past clients ever, so I knew he was going to be great to work with. His ideal home would be in North Portland where he has lived for a long time as a renter, and would have the space and bedroom count to be able to comfortably rent out a room or two to roommates. He lost out on 2 houses, but they were not the best houses for him anyway. And when a great 4 bedroom house (2 beds on the main floor and 2 beds upstairs) came on the market he went to the open house and met the listing agent who was super impressed by how kind Clayton is and how through of a job he did looking at the house (he even went into the crawl space!). He loved the house and we wrote up an offer, and thanks to his letter and the listing agent explaining to her seller how awesome Clayton is, the seller wanted to sell to Clayton, but with another offer on the table that was over $100,000 over list price, the seller went with the crazy high offer.

Within a few days though, that buyer came back through with her mom and came to the realization that she was paying way too much for the house. That buyer tried to renegotiate with the seller to a lower price, but the seller wasn’t pleased at all so the listing agent came back to me to ask if Clayton was willing to add $30k to his initial offer amount, and Clayton was not willing to do that. So back on the market they went, and Clayton went back to another open house there and still loved it. We wrote up another offer which was higher than his first offer, but not as high as the seller had wanted to keep the house from going on the market.  We waited for the weekend to be over to see if any more offers came in, and of course on the last day another offer did come in. Thankfully the listing agent was still rooting for Clayton, so they came back to us and asked Clayton if he would revise his offer amount higher by $15k to match the other offer. That seemed entirely reasonable so we upped his offer and the seller accepted.

The inspection went really well, and with the exception of a really bad appraisal that came in slightly low, the transaction was otherwise smooth as could be! When I met Clayton at the house to hand over the keys, he seemed slightly bewildered and in awe that he pulled off buying such a great house, but most importantly, he was super excited.

Clear Eyes, Full Hearts

Today is special. Today I will give M & A keys to their first home. Their first home! It’s just so exciting. I’ve known M for about 15 years, we worked together, we commiserated together, and now when we see one another we can just chill together. It makes me so happy to be the person they chose to lead them through this process.

If you and I have ever had a conversation about real estate you already know that I find true joy in working with first time homebuyers.  There is just so much potential that comes with owning a home. In the big picture it’s a way to gain longitudinal wealth, an investment that may be used to propel you into something new, or simply the security of never having your rent raised again. In the day to day there is the feeling of safety, of having a place to grow and evolve, and knowing there is a place that offers comfort the moment you walk through the door. Lastly, we can’t forget the ever present improvements and projects. Sometimes fun and sometimes challenging, home projects almost always come through with an opportunity for growth. You’re going to learn things on YouTube that you never thought you’d need to know!

 

Sophisticated Cape Cod with Updates Galore

Just Listed: 9029 N Van Houten Ave

Offered at $565,000

9029 N Van Houten Ave, Portland OR 97203

3 Bed | 2 Bath | 2698 SF | MLS# 21229005 | Taxes: $4,594

OPEN HOUSE:  Saturday  7/17 1pm-3pm 

TAKE THE VIDEO TOUR HERE


Come see for yourself just how much space, charm and value this house has to offer! With updates galore and a spacious yard, you’re going to fall in love with this sophisticated home!

As you enter, you are greeted by an inviting living room featuring hardwood floors and a big picture window to let the sunshine in.  

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Flowing nicely from the living room into a completely remodeled kitchen, you’ll find stainless steel appliances, gas range, quartz counters, classic subway tile and plenty of storage/counter space for the home chef. The open dining area is perfectly situated providing a lovely view of the backyard. Convenient access to backyard off kitchen and dining room.

As you make your way around, you’re going to love the versatility and spaciousness this home offers! The layout of the home is ideal, offering 2 bedrooms and one full bathroom on the main level.

Winding your way upstairs you’ll find the third sizable bedroom with vaulted ceilings. From there, a separate staircase takes you even further up to the unfinished attic room which is ready for the final details! It has great ceiling height, fresh insulation and a new egress window. This special space is just waiting to become whatever you dream it to be!

Making your way to the basement, you’ll find a clean and spacious partially finished, full basement with great ceiling height!  3 bonus rooms plus one more full bath and a big laundry room! These bonus spaces could easily be imagined as a media room, home office, home school room, art room or even another bedroom… really, the possibilities are endless!

The backyard is a dream! Offering beautiful flowering shrubs, established landscaping, a fuji apple tree, strawberries and marionberries. The yard is fully fenced for privacy which makes this a delightful private space for entertaining or enjoying on your own. Also included in the backyard is a walk-in shed with shelving, window, recently replaced roof and a high ceiling.

Features include:  Recently replaced roof and exterior paint plus updated double pane windows, electrical panel, water heater, plumbing in home & sewer line.

Located on a quiet, tree lined street in an ideal Portsmouth location close to New Seasons, restaurants and parks!

Schools, Neighborhood, Family

This amazing family of four set out to make their dream come true of settling into the neighborhood they had come to love. In a fierce market with limited inventory the hope of making dreams come true can feel impossible and at times it did. They adjusted expectations, sought council, and put trust in their real estate team, which all led to an amazing outcome and a beautiful home to raise their family and make roots. Congratulations Abra and Jeff, it was an honor to help you!

First time home ownership joy!

Congratulations to Rana!!

 

There are so many things to love about helping folks buy a home! I meet so many different people with many stories about why they want what they do and how they plan to achieve their real estate dreams and goals. But seriously, nothing is more gratifying than helping someone become a homeowner for the very first time! The joy!

It was so wonderful working with Rana to help make that dream a reality. She is a focused and intentional person who powered through the process like a champ. And every time we thought there might be a bump in the road we were able to negotiate on her behalf and smooth everything out. She is the first woman in her family to buy her own home!! Her Grandmother is so proud! This was definitely meant to be and I couldn’t be happier for Rana!!

 

Finding Perfection in Parkrose

Sarah and Craig were referred to me by a dear longtime client. They just had a baby and were ready to buy a house to settle into and raise their kid in. When we first spoke this past spring, they had not yet spoken with a lender and didn’t really have an idea of how much they could qualify for. I gave them some names of great lenders I work with including the Portland Housing Center. After meeting with Portland Housing Center’s loan officer, they found out they qualified for a $15k grant if they bought something in the City of Portland, so that sealed the deal for them on which lender to use.

Once they had their pre-approval in place, they headed into the stinky soup that was the Spring 2021 Portland Housing Market on a quest to find a home that was big enough for their growing family, had character, was near a freeway for Sarah’s job commute to Hillsboro and had a yard big enough that met Craig’s criteria for having as much outdoor space as possible. They picked the most difficult time ever to buy a home, which meant getting caught up in the offer after offer and rejection after rejection loop. I kept reminding them that their house would come along and it would be the best of the bunch, and as frustrating as it all was, they kept their eyes on the prize.

After a couple of months of being in the Twilight Zone of offer, rejection, offer, rejection, a super sweet mid-century in Parkrose came on the market. On paper it hit every mark they were looking for- including not needing any major repairs or work done. Before we went to see it, Sarah had a feeling that it was going to be their house. It was priced really low for what it was- a 3 bedroom, 2 bath home with a formal living room and a giant family room with a garage that had been converted into bonus space, hardwood floors, a mid-century vibe, and a backyard that was as lovely as could be. After checking it out, we all felt the vibe that this really was their house. Because it was priced so low, they came in super strong on price, and offered to buy it as-is, barring any major repairs the house may have needed and had a small appraisal gap included in case it didn’t appraise. With eight offers on the table, the sellers decided to accept Sarah and Craig’s offer.

The home had been well maintained and the inspection didn’t turn up anything major and the appraisal came in at value! Everything went smoothly and we were able to close a week early. And I’m pleased as punch that yet again, despite the long and bumpy road to get there, in the end Sarah and Craig came out of their house buying adventure at the top!

You can’t rush something you want to last forever

Congratulations to Jason & Tonia!!

Jason and Tonia are two of the sweetest repeat clients I have! We have bought and sold and bought again and each time we work together I am reminded what smart and kind-hearted people they are.

Jason and Tonia worked hard to turn their little bungalow into a little gem and enjoyed a smooth sale. After selling their house, they made the really smart decision to rent until they found their next dream home. I know this isn’t an option for everyone for various reasons, but it really helps if it’s possible. Jason and Tonia could take their time and didn’t feel as much pressure to over-bid or succumb to some of the craziness buyers are feeling in this market. They lost out on a few houses but in the end, being able to wait for this perfect house was totally worth it! They sailed through inspections and are so excited for their next chapter!

A Ladd’s Addition Neighborhood Affair

I have the best neighbors ever in Ladd’s Addition. We moved into our home 17 years ago, and had our first kid 11 years ago. Within 5 years of us moving in, most of our block turned over from old and aging folks to younger families with small kids. At one point, there were seven families with kids all within a five year range from youngest to oldest on our block. Our kids have grown up together, played together, laughed together, had block parties together, cried together and all the in-betweens. When they were younger, in the ages 4-8ish range, they would spend summer days moving back and forth between houses as a roving gang. Us parents never worried because we knew the kids were at someone’s house on the block. Only 2 families have moved over the last 10 years, and one didn’t move far. Throughout this whole time, the adults on our block have spent countless hours over the years doing impromptu happy hours, block parties and backyard hang outs.

Daniela is one of my longtime neighbors and her parents are getting older and have lived in North Portland for almost 15 years. Daniela’s family is very close, and for several years Daniela and her husband Alex have talked about buying a house near them for her parents to move into. This past spring, Daniela and her parents decided the time was right to make the move. I was thrilled and honored when they asked me to represent them on both listing the North Portland house and representing them for the house purchase. The plan was to sell her parents home and buy a new home for them within 5 minutes walking distance our houses.  Daniela was so sure this was going to happen- even the within 5 minutes walking distance part, that I never questioned if we could pull this off.

In late April, Daniela’s parents North Portland house was just about ready to list, and one month later in late May, we put that house on the market. Right before we listed that house, Daniela’s parents flew to Florida to stay with their other daughter for a few months while we worked on selling their longtime North Portland house and finding them a new house within 5 minutes walking distance from Daniela. Meanwhile, just days before her parents house went live, one of our other neighbors shared that a neighbor across the back alley from us was going to be putting their house on the market within the next couple of weeks. It sounded too good to be true, so the next evening Daniela, Alex and I marched over to the across the alley neighbors house and knocked on the front door. These other neighbors opened the door and first words out of my mouth were, “Daniela wants to buy your house.” It took a few minutes for the seller to get what we were saying, but once we explained it, he loved the idea. He said they had already signed a listing contract with an agent and the house was scheduled to go on the market in a couple of weeks, but I could contact his agent for more information. A couple of days after that visit I spoke with the sellers listing agent and the gist of it was the house was going on the market in a couple of weeks, and once it was on the market, we could submit an offer.

Back in North Portland, her parents house received a couple of fantastic over asking offers with great terms, and that house went pending with a great buyer. As it happened, the neighbors listed their house while I was on vacation in Mexico City, so one of my colleagues brought Daniela and her husband to see the house and it really was perfect for her parents. Because it was a cute true 3-bedroom house in Ladd’s Addition, it received multiple offers. We came in strong on price and terms, and because the sellers loved the idea of keeping the house in the Ladd’s Family, they accepted Daniela’s offer. The home inspection turned up some unfortunate issues and thankfully the sellers were understanding and agreed to a price reduction and a significant closing cost credit so Daniela and Alex could get work done on the house after closing. A couple of weeks ago Daniela’s parents house closed right on time, and then a couple of days ago, Daniela closed on the house behind her. The sellers are staying in the house through July, and in early August Daniela and Alex will have work done on the house so by mid-May when Daniela’s parents return to Portland, they can glide right into their new home.

Since Daniela won’t get the keys to the new  house for a few weeks, to celebrate, I did what we always do, I threw a little back yard party for Daniela which she hosted in her own yard and most of our neighbors joined in for a toast. Thinking back on it, the plan was so precise, that had I questioned whether or not it would work, I would have lost so much sleep worrying over whether a house would come on the market that met the criteria to make the plan happen. Thankfully I never questioned any of it and just as Daniela predicted, it all worked out just dandy.

Charming Alberta Bungalow

This 1909 Alberta Arts bungalow has been lovingly maintained and thoughtfully updated. With high ceilings, large windows and fresh interior paint, this space is full of light! The beautiful, original, fir floors in the formal living and dining room are still in place. Details include original moulding, new lighting, and an updated kitchen and bath. The outdoor areas do not disappoint with sweet covered front and back porches, a backyard patio, established apple and fig trees, grapes, blueberries and strawberries. The home offers off street parking, and is on a designated bike route with a walk score of 91!

Update: This house spent 4 days on the market and sold for $70K over asking!

Darling Grant Park Bungalow

Just Listed: 1809 NE 32nd Ave

Offered at $565,000

1809 NE 32nd Ave, Portland OR 97212

2 Bed | 2 Bath | 1880 SF | MLS# 21250324  | Taxes: $4,589

OPEN HOUSE: Saturday 7/10 2pm-4pm

Welcome to this dreamy Bungalow with character galore, perched perfectly on a corner lot! Located in one of Portland’s most sought-after neighborhoods, you’ll be immediately drawn to the classic front porch, gorgeous landscaping and timeless features.

As you enter the home, you are greeted by an expansive living room and dining room which feature hardwood floors, fireplace and classic millwork. This space is perfect for entertaining or just spending an evening in front of the fire. The large dining area situated at the south end of the living room features a stunning bay window overlooking greenery.

Flowing nicely from the dining area into kitchen you’ll find a gas range, stainless steel appliances, fun & colorful tile and an ample amount of storage. The cute breakfast nook off the kitchen is a wonderful spot for morning coffee!

The layout of the home is ideal, offering 2 bedrooms plus one full bathroom on the main level.

And making your way downstairs you’ll find a clean and spacious finished basement with 2 bonus rooms and one more full bath! So many possibilities with the bonus spaces, one of which includes built-in shelving. Either room could easily be imagined as a media room, home office, schoolroom, art room… really, the possibilities are endless!

Exiting through the south side or through one of the bedrooms on the north, you’ll find a beautiful garden oasis waits for you outside! The backyard is fully fenced providing the perfect blend of privacy and space. Gorgeous, established landscaping surrounds a darling patio and deck- great for entertaining!

A short walk to so many amenities: Grant Park, New Seasons, restaurants, drug store, etc… plus Hollywood shopping district is nearby. Enjoy all this wonderful neighborhood has to offer! So much to love in this well-maintained and inviting Grant Park Bungalow!

Delayed Gratification is a Pain

Congratulations to Emily, Patrick and Elliott!

Key Day is always a big deal, but these keys in particular were a big hit with little Elliott. With the keys to their new home in her hot little hands she was ready to unlock every door in sight!

Unfortunately, this little family won’t be moving in for a few weeks. One of the terms that helped get their offer accepted was an agreement to allow the seller to occupy the home after the closing date.

That delayed possession can be a little frustrating for excited new homeowners. But in this competitive market a willingness to provide sellers with that flexibility can help get your offer accepted.

I’ll be celebrating with with these happy homeowners again in a few weeks when they take possession of their home and finally get to use those keys on the front door.

– – – – – – – – – – – – – – – – – – –

Interested in making Portland your home?

Call Cheri Harney, at 503-319-4858.

Some things were just meant to be!

Congratulations to Brittany, Ryan & Marcia!!

 

I had such a lovely time working with Marcia, Brittany & Ryan! They were so very put together and focused throughout the process. We looked at a good number of homes although it wasn’t long before Brittany knew ‘This is the ONE’!

As you know, we are in a Seller’s market and it’s not likely that all issues will be addressed in a home purchase these days. Luckily we were matched up with great Sellers and we were able to negotiate a sizable credit to repair some important issues. Nothing makes me happier than knowing my clients will have a smooth transition into their new home and not have to worry about major repairs.

It’s so important to me that my clients have a great experience and are happy with the whole process and know that I’m there for them every step of the way!

Cheers to Brittany, Ryan and Marcia!

That Time My Buyers Found Their Dream Home In the Perfect Location

I couldn’t be more excited for my very dear longtime clients Emily and Ben. They outgrew their vintage cream puff bungalow in Foster Powell that I helped them purchase 7 years ago, and despite the horrors of the current market, they were able to sell their very much loved home and get under contract and close on an even better and bigger house that hit nearly every single one of their check-list items before they have to be out of their bungalow.

When we started looking, they knew they wanted to stay in SE, preferably south of Powell and their ideal home would be a south facing mid-century home with all the space they needed with a minimum of 3 bedrooms, a separate space for Emily who works from home, a space for Ben’s music studio and a dedicated area for arts, crafts and sewing. And plenty of room for growing Emily’s beloved flowers. They love mid-centuries and the more original, the better. We looked at a bunch of houses that were of course not quite right, and then we went to go see a super cool mid-century right off Mt. Tabor. We spent quite a bit of time in the house, and they were absolutely in love with it. The house had all the spaces they wanted and a fantastic layout, the yard was perfect, it had a detached studio space and rumpus room in the basement. While it was not south of Powell, at the time we left the house, they felt like they could work with the location because they loved the house so much. There were a couple of things they weren’t crazy about though- mainly that hardwood floors had been replaced with engineered wood floors, and a lot of the mid-century charm had been made a little too slick for their taste- but it was done so well that they were ok with how fancy it felt. The house was at the top of their price range, but they always felt that for the right house, they would be willing to stretch.

A day later, after sleeping on it, with tears in their eyes and hearts, they decided to go with their gut feelings and not put an offer on the house because of the 2 things that weren’t perfect- the location felt too far north for them and they would prefer a less updated and more original mid-century. It took a few days to get over that house, but they did. And then about a week later, a house came on the market south of Woodstock in Eastmoreland Heights and from the photos, it looked really similar to the mid-century house they decided not to write on. We went and saw it and realized that  not only did it look like that other house, it was literally the SAME house! Same exact size, same layout on the main floor, a similar but better layout in the basement, same location of closets, and very similar yard. The Mt. Tabor house had the garage in the basement, and this house had a detached double garage which meant more living space in the basement, and with the large garage, a perfect space to turn into a music studio. And even better- this house was still much more original in terms of mid-century charm. One of the things they loved about the Mt. Tabor house was that the sellers on that house took down the wall between the dining room and kitchen for an open layout, and while this new house still had the wall intact, Emily and Ben felt like this was a house where they could take one of the things they loved about that Mt. Tabor house and do the same thing in this house- only they would get to do the kitchen exactly how they wanted.

Before we left the house after seeing it, we knew without a doubt that this was their home- no ifs, ands or buts. We went home, wrote up a fantastic offer and then waited for the weekend to run through it’s course. In the end, there were 6 offers, but we had written up such a good offer in terms of price and terms, and we were the first offer in and I shared the listing on Mt. Tabor with the listing agent to show him how much my buyers wanted this house, that the sellers accepted Emily and Ben’s offer. And to top it all off, the house had a brand new roof, new sewer line, brand spankin’ new central air conditioner, new water line, and a decommissioned oil tank with paperwork so the house is totally move-in ready. Meanwhile, the Mt. Tabor house closed and it turned out that they are spending $170,000 LESS then what Mt. Tabor version of the house sold for. This was the ultimate in finding the right house, in the right spot, at the right price.

Buckman Neighborhood 1900 Craftsman Duplex

Portland’s new Residential Infill Project ( RIP ) regulations are opening up fabulous investment opportunities throughout the city.

I am so happy that I was able to help Alex purchase this fabulous 1900 Portland Classic Craftsman duplex in the historic Buckman neighborhood close in on the SE side of Portland.  It features side by side 3 bedroom units with a potential for 2 additional units in the basement.

An ideal investment property for an owner occupant, it has one unit that is fully renovated and ready to move in.

The historic Buckman neighborhood is a fantastic location, close to The Matador, Screen Door, Laurelhurst Park, downtown, + more!

Sweet Kenton Cottage

Just Listed: 1816 N Watts St

Offered at $419,000

2 Bed | 2 Bath | 1135 SF | MLS# 21620220| Taxes: $2619 

OPEN HOUSE: Saturday 6/26 10AM-12PM

Video Tour


Check out this cutie pie in the heart of Kenton! Filled with charm and character plus a huge yard, just steps from downtown Kenton!

 

A sweet front porch and lush landscaping will catch your eye upon arrival. As you enter you’ll find a lovely living and dining room- perfect for entertaining or just spending an evening in front of the gas fireplace. Tons of natural light, classic woodwork, hardwood floors.

So much original character and the darling kitchen is very efficient and bright. Enjoy the dedicated dining area with a large picture window and hardwood floors.

The layout is perfect for a home of this size, there are 2 light-filled bedrooms on the main level and a large bonus room in the basement with 2 large egress windows and full bathroom.  This could be a 3rd bedroom, office, media room, home school room, yoga room… really, the possibilities are endless!

Backyard oasis feels very private and is brimming with beauty!

Well maintained with so many updates including triple pane vinyl windows, blown-in insulation in the floor, walls and ceiling, tankless gas hot water heater, earthquake straps, updated electrical panel and 95+ furnace. This house received a 10 on the Home Energy Assessment!

This location is absolutely ideal! Situated on a quiet street with light traffic flow just steps to downtown Kenton, the farmers market, restaurants, shops and the MAX yellow line. Convenient access to I-5 and a bike score 96!

Badass moves north

Shadiin is the kind of person whose vibrancy is contagious. It was simply a joy to be a part of her process as she transitions to this next phase of her life. With her kids moving away for college, Shadiin was able to focus on her own values and needs in her home search and made the decision to leave Eugene for an amazing job opportunity in Portland. She wanted a place where she could host large family gatherings, have a space for her kids to stay when they visit from school, and if possible, have enough room to entertain the possibility of an AirBnB and income potential. We are beyond thrilled to see her close on a home today that HAS IT ALL. It’s such a privilege to advocate for our amazing clients.

Holding out for happy

Jen and Donny were past clients that we had the joy of helping find their first home – a home that has served their growing family for many years. But in anticipation of the kids getting older and all of life’s expanding elements, having a flexible space with room to stretch felt like a crucial next step. It’s true that in some sense the farther outside of inner Portland you travel, the more house you will get for the money. But in ever changing Portland, the allure of this has not been lost on the general public and peripheral Portland areas are no exception to the competition. Jen and Donny had a few hard losses, but in the end their resilient attitude and pragmatic approach landed them a home in their ideal neighborhood in Happy Valley.

Clarity

Starting their search immediately felt daunting and led to a lot of soul-searching to determine what would be the best path for them.  A home further out with the potential to grow into, or a smaller home closer in.  Both of these options had their appeal, but every time they came home after touring they felt the condo they were renting suited their needs more than anything we had toured. This was overwhelming and ultimately led to taking a break on the entire search until options started popping up in their complex.  The excitement and clarity that came with exploring condos for sale in a place they already called home sealed the deal.  We became laser-focused and found the one to call home!  There is no better joy than to help such wonderful people navigate options and arrive at such a clear path to success and happiness.
Jessica
Patient, Helpful, Cheerleader

Gorgeous Green Hills Property

 

Congratulations to Sophie & Patrick!

I’m not sure if many of you know this about me, but my first love was actually Architecture. I studied at Iowa State University and worked as an Architect for over 6 years before making the switch to Real Estate in 2004. It really comes in handy to understand engineering and materials when I’m helping just about all of my clients. Although in this in this situation it really came in handy that I have a degree in Architecture because Sophie and Patrick were interested in finding as much land as possible, as close in as possible to build their dream home. They found a gorgeous acre in the Green Hills neighborhood! And we were able to talk shop and confirm it’s a great spot for their next big chapter. 

I’m so thrilled to be able to help them and I’d love to work with anyone you know who might need my expertise. 

 

Now the Whole Family Lives in Portland!

One of my favorite parts of my job is helping families come together to live in the same town. About 7 years ago I helped one of my very favorite clients R & P buy their home in the Woodstock neighborhood. Then last summer R’s sister and brother-in-law moved to Portland from the Bay Area and I helped R’s sister D and her husband G buy their first Portland home in Irvington. The plan all along is for the whole family to live in Portland, so a couple of months ago R and D’s parents sold their long-time home in Ohio to join their daughters here in Portland, and I was lucky enough to get to work with them and help them buy a home in Bethany. Now the whole family is here!

Bernadette, wishing you lots of love and happiness in your new home!

Congratulations to Bernadette!

I’m so happy to give keys to my best friend, Bernadette! We found her a great house in a wonderful location. I just know that she’s going love living there! It’s a cute 3 bedroom with a great yard and tons of light! I wish her all the best! -Cheers!

Finding the Perfect House in Richmond

Congratulations to my buyer Brooke on beating out 10 other offers to snag this perfect home in the Richmond neighborhood. Brooke found me because her sister’s kids attend the same school as my kids in SE Portland, and they were looking for an agent familiar with the area. Brooke is from Seattle and recently went through a divorce and sold her longtime home in Seattle with the intention of moving to Portland to be closer to her sister. Brooke has a daughter that has some disabilities and is mobility challenged, so the home she knew she wanted to purchase would ideally be near her sister, and have the right set-up for her daughter to be able to get around on the ground floor, and have a flat backyard. We spent a good 2+ months on the hunt, which meant nearly every weekend for 2 months Brooke drove down to Portland from Seattle to check out houses. She wrote offers on 3 homes and while it was brutal to go through rejection after rejection, in the end it was all good because like most buyers, the best house was the last house we saw and she wrote on.

The Richmond house is only 7 blocks from her sister, has the perfect layout on the main floor for her daughter to get around in, has a gorgeous bedroom suite upstairs that feels like a sanctuary with light and views of trees for days and bookshelves to fill. The whole house also has the kind of charm that Brooke was looking for. When we toured it, Brooke just kept saying, “this is my house!” And at one point she found the laundry shoot in the downstairs bathroom and squealed with joy. Like a lot of great homes, the home was clearly listed far too low, and while it was hard to stomach writing an offer for 30% over list price, Brooke was ok with it because this was clearly her house. Because the house was listed so far under value, it received 11 offers- with most of those offers well over 20% over list. But this was Brooke’s house and thankfully the seller understood and accepted Brooke’s offer. We did a quick close, no repairs and while the process of finding the right house and getting under contract felt like it took forever, once her offer was accepted on the Richmond house, it was a lightning fast process to close.

Staying grounded amidst market frenzy

A home is often the largest purchase a person will make in their lifetime. It can feel counterintuitive to spend such a large amount of money as a means of saving and investment, particularly when you are a first time home buyer. It can be a great choice for the future, but it is not necessarily the right choice for everyone. We want our buyers to feel informed and empowered within the home buying process, relieved of the frenzy of the market enough that when it comes time to decide on a home, it can be a decision made with calm and eyes wide open.

Central priorities

An avid biker and walker, Ellen knew she wanted to stay close-in to limit her time in the car as much as possible. She was willing to sacrifice size for proximity, so when an inner SE bungalow, with functional living spaces and the bonus of a livable basement came on the market, it was easy to envision making this her longer term home.

Focus on the dream

After dipping their toes in the market for months, it was time to get serious about their search. Home prices were rising and an already challenging market was becoming even more difficult to compete within. Kristen and Matt bumped up against some roadblocks and withstood heartbreak during the offer writing process, but weathered the setbacks and have found an amazing home for their family. It is always so rewarding to see such diligence and long term commitment pay off. We are thrilled for them.

Here’s the Start to a Wonderful Adventure!!

Congratulations to Shannon & Cesar!

Yaaaaay!!!

We just helped some very special people buy a very special house! Cesar and Shannon were amazing clients. They did everything necessary to jump into a crazy housing market and succeed! We looked at quite a few houses and only lost out on one along the way. It turns out that Cesar and Shannon are quick learners. So after losing that one, we were soon back on the saddle!  With their feet now wet they were ready to put together a sharp offer on the next property. And they got it! 

I wish them all the best in their new house! It has a lovely yard in the front and the back. Plus a really cute updated kitchen. Cesar loves to cook, so I know they’ll have a great time in that kitchen!

Cheers!!

 

A Five Year Journey to Becoming a Homeowner

My super special buyer Ta’ Neshia contacted me in early April to see if I could help her complete her long journey of buying her first home. This single mom had spent the past five years working with the Portland Housing Center to build up her credit, save for a downpayment, and get educated about the home buying process. She finally reached mortgage ready status, and as a veteran, qualified for a VA loan. Once she started the process with getting pre-approved, she found out she qualified for a $90,000 N/NE Housing Strategy  Preference Policygrant as well as a $15,000 down payment grant through the local land trust non-profit Proud Ground because she is a veteran. So between her N/NE preference policy grant, her Proud Ground grant, her matched savings from Portland Housing Center, and her VA loan, she was able to string all of it together to be able to have the funds to finally buy a home.

Even with the Preference Policy Grant, her budget was on the very low end for Portland- under $400,000, and making matters more difficult, she had to buy a home within the Interstate Urban Renewal Area- which over the last 10 years homes have easily doubled or tripled in some cases in value. Ta’ Neshia said from the first time I met her that she was going to trust in the universe and felt strongly that despite her challenges on paper, it was going to all work out. Her kids are in middle school and really needed their own rooms, so finding a 3 bedroom home was a must. We looked at one townhouse that she could afford and she was willing to go for it, until she started thinking about actually living in the less then ideal space. A week later, a townhouse in the Bridgeton neighborhood right off Marine Drive and the Columbia River came on the market. We went to see it and I could tell she was in love. It had a great layout- 3 bedrooms plus a bonus space upstairs and a great kitchen, dining room, living room and garage that could easily be turned into living space on the ground level. The seller had purchased the unit from a contractor who had re-done the builder basic kitchen into a beautifully functional kitchen, and the seller added her own chic touches everywhere.

It was the second home we saw together and we both felt that this was meant to be her house after we spent time there. We wrote up an offer that same evening and crossed our fingers. Thankfully, my wonderful Living Room Realty colleague Virginia Barden was the listing agent, and I was able to convey to her that while Ta’ Neshia’s offer on paper probably didn’t look as “good” as an offer from another buyer between her down payment assistance grants, VA loan and the need for a 45 day minimum closing, that we could at least offer over asking, no repairs and a small cushion for an appraisal gap. The seller received three compelling offers and Virginia was able to give her seller the full picture on Ta’ Neshia and how hard she had worked to get to this point and how committed she was to this purchase. Thankfully the seller was moved by Ta’ Neshia’s story and  decided to put her money where her mouth was and accepted Ta’ Neshia’s offer.

It was such a pleasure and honor to be able to help Ta’ Neshia round out all her hard work and hand over keys. When it was all finished, Ta’ Neshia said one of the best things any buyer has ever said to me-  Thank you for being the best advocate I didn’t even know I needed.

 

Multnomah Village Meticulous Townhome

Meticulous Multnomah Village Townhouse

Just Listed: 7438 SW Capitol Hwy

Offered at $525,000

3 Bed | 3.5 Bath | 2091 SF | MLS# 21616366 | Taxes: $7836 | HOA $305 Monthly

OPEN HOUSE: Saturday 6/5 1PM-3PM

 

This well-maintained townhome in the heart of Multnomah Village has a great layout and wonderful updates!

Upon arrival, a lush garden invites you in. Entering the main floor, you’re greeted by high ceilings, hardwood floors and a flood of natural light. The spacious living room and dining room offer a wonderful place to relax and entertain. Rounding out the room is an oversized bay window and a lovely gas fireplace.

The main level layout is ideal with a kitchen, family room and a nice half bath on the main level. You’ll love all the kitchen has to offer: stainless steel appliances, ample countertops, a gas range, plenty of storage and a breakfast bar. Just off the kitchen is a large balcony deck overlooking the treetops. A lovely spot to sip your morning coffee or relax in the evening with friends.

The upper level has an ideal layout with two primary suites. They both offer big windows, vaulted ceilings and closet organizers. Plus, the home has a convenient central vacuum system for ease of use.

Carve out a place for yourself on the lower level with a full bathroom and third bedroom. This flexible space has many options beyond a bedroom: private home office, guest quarters, media room etc.

Just down the hall on the lower level is a large 2 car tandem garage with very high ceilings. A great space for storage with room for bikes, kayaks or more. Plus, extra storage in the stairwell closets as well.

This is a meticulously maintained home with newer: A/C 2019, furnace 2018 and exterior paint 2020.

You’ll love the fantastic location in the heart of Multnomah Village! Just steps to shops, restaurants, parks and all the neighborhood has to offer! Plus, convenient I-5 access.

Fall in love with this captivating, move-in-ready, townhome. It’s waiting for you!

What does it mean to Waive the Appraisal?

If you know anyone who has bought or sold property in Portland within the last year, you have likely heard stories about needing to “waive the appraisal” to be the winning bid on a home. While this strategy has been in play for a number of years, it now seems to have become a staple of nearly every winning offer in competitive multiple-offer-situations. But, what exactly does it mean to waive the appraisal? 

To understand this concept better, let’s start by looking at the normal process for an appraisal during a real estate transaction. 

When a Buyer finances the purchase of a home, the Lender requires a third-party Appraiser to inspect the property, and provide an opinion of value for the home. In order for the home to qualify for financing, the appraisal has to come in at or above the agreed upon purchase price, and also be free of any conditions or required repairs (more on that later). If the appraisal comes in below the agreed upon purchase price, then the home does not qualify for financing at that price, and the Lender will only provide financing that is based on the appraised value. 

For example, if you are under contract to purchase a property for $600,000 with 10% down, your Loan-to-Value ratio would be 90%, meaning the Lender is financing 90% of the purchase, or in this example, $540,000. If the appraisal came back with an opinion of value of $575,000 for the home, the Lender would then only agree to provide financing for 90% of that amount. In this case, $517,500. 

In this event, neither party (Buyer or Seller) is obligated to move forward with the transaction. However, if both parties would like the transaction to move forward, the appraisal shortfall is then typically negotiated between both Buyer and Seller. Either the Seller lowers the price to the appraised value, the Buyer brings more cash to the table to cover the difference, or they split the difference in some agreed-upon fashion.

In today’s market, however, many Buyers are pre-negotiating a potential appraisal shortfall, and either guaranteeing to make up the entire difference in cash, or, offering to bring a predetermined amount of additional cash to closing — on top of whatever the appraised value is. While this is certainly an aggressive strategy (requiring additional cash reserves on hand), it is also effective, as it makes the offer far more attractive to a Seller, who now has more of an upfront guarantee on what their final selling price will be. 

One of the obvious concerns with this strategy as a Buyer, is that you will overpay for a home, and give up some of the immediate equity that you might expect to have in the property upon purchasing it. While this is certainly a valid concern, in the Portland Market it has become a question, in many cases, of whether you would rather leverage some of your immediate equity, or perhaps not get into a new home at all. As a prospective Buyer, it’s important to make your offer as attractive as possible, when the Seller is selecting from a pool of 10-15 offers, so in most cases at least one of those offers will include this type of term. If you are not willing or able to, I totally get it. But, it may make for an uphill battle in terms of purchasing a home in the current market. 

It’s also important to understand that with prices trending upwards as quickly as they are, the data available for appraisers to use in their valuations is not necessarily completely up-to-date. With the typical escrow period being around 30-days, the most recent data for sold homes that appraisers are able to use, is typically already close to a month old by the time your transaction closes. So, there is some lag time between the value that can be statistically supported by an appraisal, in comparison to what the market will actually bear. As prices continue to rise in Portland, the most relevant data is what is happening in real time, rather than what happened 3-6 months ago, or even last month. So appraisals aren’t always able to keep up with the market. 

Enter: Appraisal gap coverage with cash. 

As a potential Buyer in this market, I feel it is important to understand this concept upfront, because it changes the amount of cash that may be needed to successfully purchase a property. While the vast majority of transactions I have closed with appraisal gap guarantees ended up actually appraising at the agreed-upon purchase price (meaning no additional cash was required from the Buyer), it is important for Buyers to understand that the risk is always there. So, they should feel comfortable with bringing the additional cash to closing, in the event the appraisal does come in low.

So, how do you know how much cash over the appraisal to offer, or whether it makes sense to include this in an offer at all? Well, I can’t give away all the secrets, but whenever my clients are planning to submit an offer, the first thing I do is research the recently closed comparable homes in the neighborhood to get a sense for the value I feel an appraisal would come in at. From there, we strategize on the offer amount, appraisal gap coverage amount to offer and overall terms. This is also where we ensure that the verbiage used to address how an appraisal shortfall will be handled is specific, and doesn’t leave the Buyer on the hook for any of those potential conditions or repairs that may be required by the Appraiser. 

If you’re thinking of buying a home, or have questions about covering a shortfall on an appraisal, please feel free to call or email me anytime! I love discussing Real Estate, and look forward to catching up with you all soon.

 

Feeling “Whelmed”

You know you’re doing something right in your career when a former realtor who no longer works in the industry trusts you to help her and her family find their first home to purchase. Munir used to work for the same company as my brother, who is a commercial broker here in Portland. So when it came time for she and her wife Lori to purchase their first home, she reached out to me to help them.

The journey wasn’t all roses and butterflies as we submitted offers on and didn’t get several homes that they thought were “the one.” Lucky for me these buyers remained patient, optimistic and good humored. At one point Lori told me she was feeling “whelmed.” Not overwhelmed or underwhelmed – just “whelmed.” 🙂

In the end, they are soooo happy with how it all turned out. They got a great house for themselves and their teenage daughter. It’s an adorable bungalow with a fantastic back yard with a fire pit for many fun nights with friends to come.

If you or anyone you know is looking to buy or sell a home in the Portland area, please contact Amanda Haworth at 503-453-7698.

The Start of a Beautiful Compound With Friends in Foster Powell

My buyer Alison got in touch with me over 3 years ago after she was referred to me by her close friends, who are old clients of mine. Alison thought she wanted to purchase a condo at a complex in the Brooklyn neighborhood because she had a friend who lived there, and the idea of easy maintenance seemed appealing to her at the time. For what turned out to be a blessing in disguise, none of those units came on the market while she was looking. She then decided to go to grad school and put her house hunt on hold while she went through school and figured out the next phase of her life.

We kept in touch as she made her way through grad school, and then last month, she called me because the house directly behind her best friends house- the same friends who referred her to me, who she had been podding with throughout Covid, had just come on the market. They were able to see it and Alison called me from the house to let me know about it, and that she was interested in purchasing it. She just finished grad school and was about to start a new job at the same organization she had been working at for years, and was finally in a more stable situation where buying a house made sense. I made an appointment and met her the next day at the house- and it was cute as could be. A granny ranch with the vintage pink bathroom and the vintage kitchen complete with pink stove still intact. The house had an almost identical layout to her friends house behind this one, so walking into it felt very familiar. The house was an estate and a little rough around the edges, but we could tell it wouldn’t take much to get it cleaned up and ready to go by getting the wood floors refinished, painting the rooms, removing or painting over some unfortunate 1970’s fake wood paneling and deep cleaning  the kitchen, basement and bathroom.

Alison had been on the path to becoming a home owner for over 3 years and now that she was finally ready, and the perfect house presented itself to her, the reality of actually writing an offer on a house was an internal hump she needed to process. The seller had a couple of offers and the deadline was approaching. Alison decided to jump in and we wrote up a great offer 10% over list. Thankfully the sellers accepted her offer and off to inspections we went. Her friends behind this house had already planned where the gate between their backyards was going to go and thankfully her friends are super handy and could help out with minor repairs. The inspection went much better then I thought it would, with the exception of a complicated sewer situation involving a blockage near where the sewer line for the house met the City lateral and it involved a ton of pooling in the line. I was able to negotiate a credit for that repair- though it took almost the entire transaction to sort it all out. And less then five weeks after she called me, I had the distinct pleasure of handing her keys!

 

I Love It When A Plan Comes Together

Back in November of 2018, Kelley and Satomi were referred to my by one of the lenders I work with. They had just been given notice that they needed to be out of their rental home soon, and they were in a bit of a pickle. I met them for coffee and I think within 48 hours later they had an offer accepted on a skinny house over in Mill Park. When they bought that house, they were using the Oregon Bond, and they were literally the last buyers to lock in a low rate- within an hour or two of the lender locking them, the Oregon Bond rate went up enough so they would not have been able to afford to purchase the home. They loved their home, but when their daughter was accepted into a magnet school in Portland Public Schools, they decided they needed to move to a house within PPS district, so we started planning to get their home ready to list.

Meanwhile, some good friends of theirs who owned a home in Madison South got word that the house directly behind them was going to be hitting the market soon. That home was a more contemporary version of the skinny house Kelley and Satomi already owned, but this home had a much larger yard and far more upgraded finishes. We tried to see if Kelley and Satomi could buy it off market, but the seller really wanted to put it on the open market. In the meantime, we listed Kelley and Satomi’s house in Mill Park, and 4 days later they had an accepted offer on their home and were free to look for a home without writing a contingent offer. As luck would have it, one day after Kelley and Satomi’s house went under contract, the Madison South contemporary came on the market. We went to look at it immediately and it was perfect. We wrote up an over asking offer that evening hoping the seller would accept right away. The seller decided to keep it on the market at least through the weekend, and at the end of the weekend, we were the only offer.

The seller accepted Kelley and Satomi’s offer, and thirty days later it was key day!

 

The Power of Positivity

As a prospective home buyer, navigating the roller coaster of emotions that is the Portland real estate market these days can be exhausting. It’s easy to get down on yourself after falling in love with a home and writing an amazing offer, only to find out that 17 other people also wrote amazing offers, and yours just wasn’t quite amazing enough. 

When that happens 5-6 times, it starts feeling like maybe you’ll never find a home.

My clients who recently closed on a home though, are a perfect example of how a thick skin and positive attitude can play a vital role in helping to accomplish the goal of buying a home in this market. 

With a max budget of $400k, the options available for my clients were already very slim. Not to mention, everything selling in this price point would have at least 10 offers within a day or two of hitting the market. 

We looked at properties every week for a few months, and nearly every week we submitted an offer on a home. Time and time again, I would have to deliver the bad news that someone else had written an offer higher than ours, or someone else had put more money down, or someone else waived inspections. 

Each time, the Buyers shook it off, and said “ok, thanks for your work, Kevin. On to the next.” 

We must have written 8-10 offers on homes they didn’t get. And each time, they responded with the same positivity and good natured attitude. Until finally, with a little bit of magic, they had their offer accepted! 

They closed today, and I couldn’t be happier to see such positive people realize their goal in such a challenging and competitive environment. Where many people might give up or lose hope, they stayed positive and persisted, until it paid off. Huge congratulations to you!!

 

A place for everyone!

Mary and Phil simply deserve the best — they are an amazing couple centered on family connection and were seeking a place to not only age in place, but to provide spaces for all their beloved family. They knew this was going to be hard based on some of their needs, but when buyers are crystal clear on what they need and ready to act when the right one hits, only good things happen!  Their house hit the market and they jumped, beating out 5 other super strong offers on their first try.  Helping this family was such an honor — we are so excited that they found a home to host large family events and have all their sisters and grandchildren visit!

Can you really get it all?

Julia and Scott entered the market with hopes to secure a great home in their current neighborhood.  They had been warned about the “crazy” market and were honestly a bit scared.  Those fears were answered with strong counsel, realistic expectations, and an advocate that helps empower buyers to navigate through safe realistic concessions.  As we ventured out into the market to find their home we never thought that not only would they find a home with little to no concessions, but that they would be successful with their first offer! We are so excited for them to get keys today to their dream home!

Jessica LeDoux
Honest Advisor

Is this our opportunity?

Finding a home in one of the most sought-after NE neighborhoods is a huge accomplishment and to make it happen they had to decide if taking on a large fixer offered by their landlord was a good opportunity for them.  After a lot of counsel, weighing of options, and consideration of how competitive the market is, all arrows pointed to YES!  Congratulations on securing an amazing home with an ADU!!
Jessica LeDoux
Honest Advisor

Durham Dream

Landing a property in this market means thinking outside of the box.  That was our strategy for these amazing buyers (after competing with 30 other offers on our last try) and it worked!!!

Bonus was the amazing private patio, perfect for relaxing morning coffees (and evening Pinot) all Summer long.

If you need some help landing a property, I’d be happy to discuss strategies with you .

Veronica Powell

503.936.3475

Veronica@LivingRoomRE.com

Sometimes Everything Changes

My clients loved their California home for decades, they made a lifetime of memories there. They enjoyed amazing friends and neighbors, being close to the beach, and weather that many people just dream about. Their kids were grown, living in Portland, which gave them  every opportunity to visit their second favorite city often. There had been talk of a small vacation home in Portland, but they never imagined they would leave their home. Fourteen months ago everything changed. The pandemic caused a lot of people to reevaluate their priorities and for my clients the importance of being geographically close to their kids was clear.

We spent a lot of time touring homes in search of just the right place. When moving to a new city it can take some time to figure out the right neighborhoods and architectural styles to suit you – so we explored. After narrowing down their ideal neighborhoods and really solidifying what they needed in a home we started making offers. It took a couple of times in this fierce market, but when we found their new home we got competitive and it felt like the stars had aligned. Their son and daughter in-law had lived near this home when they first moved to Portland and affectionately called this “the banjo lady house,” because one of the owners was often out front playing her banjo on the porch when they would walk by.

As we moved through our transaction we learned that the sellers and my buyers had a very similar story. Both were leaving their long time homes to be closer to family. Both were artistic and musical, “old hippies,” as they described themselves. Everything about this transition felt right. Soon this home will be the, “flute guy house,” and I just can’t wait to hear the music float through the neighborhood!

 

 

 

Classic Vernon Bungalow with Backyard Oasis

Just Listed: 5936 NE 17th Ave

Offered at $515,000
3 Bed | 1 Bath | 2236 SF | MLS# 21259073  | Taxes: $2,893

OPEN HOUSE SAT 5/15 12:30PM-2:30PM

TAKE THE VIDEO TOUR

Come for the location, stay for the updates and charm! This classic Vernon Bungalow sits proud with timeless architectural features, formal dining room with vintage built-ins, light-filled rooms and a detached bonus space with vaulted ceiling.

A sweet front porch and fresh exterior paint will catch your eye upon arrival. Entering into the living room, you’ll feel the love: with gleaming hardwood floors, classic woodwork and a charming wood-burning fireplace.

While this home retains much of its original character, the updated kitchen boasts updates including gorgeous quartz countertops, stylish hardware, tile backsplash and plenty of extra storage in the pantry. The kitchen flows into the formal dining room. It’s just perfect for big dinner parties and intimate dinners alike.

The layout of the home is ideal, with 2 bedrooms and a bathroom on the main level. The second floor offers a lovely third bedroom with wonderful natural light and room for a spacious home office.

Moving through the kitchen you’ll find your backyard oasis! This fully fenced sanctuary feels very private and is brimming with beauty. You’re going to love this converted garage! A clean and spacious room with raw wood beams, this could be an office, detached living space, home school room, yoga room… really, the possibilities are endless!

The full, unfinished basement with an exterior entrance is clean and ready for projects and lots of storage. Complete with newer 96% efficiency furnace! Plus a great shed in the backyard for bike storage.

This location is absolutely ideal! Situated on a quiet street, easy walking distance to Alberta Park, the Alberta Arts district and so many restaurants & shops on Killingsworth!

So much to love in this well-maintained and inviting classic Vernon Bungalow!

Home Ownership Dream…

The Portland market is a hard place to make this dream come true especially when looking under $375,000.  This dream is almost unattainable especially inside 82nd but Olivia and Zac hit the market with realistic expectations and the ability to leverage what made them unique as buyers so when a cute little house with a huge shop hit the market within their budget they were ready to take on some of the quirks! Many people feel it is impossible, but these guys were focused and realistic so they won on the first offer they submitted and now are homeowners in a walkable up-and-coming area well within the 82nd border. Congratulations!
Jessica LeDoux
Negotiator, Counselor, Advocate

Alameda Neighborhood Beautifully Updated Bungalow

I am so happy to have served Abby and Serge as seller’s agent.   They did such an awesome job getting this home ready for the market.

This charming 4 bedroom, 2 bath bungalow just off the Alameda Ridge in the highly sought after Alameda neighborhood sold in 4 days with 4 offers.

The entry greets you as you enter a light filled living room with fireplace, gleaming wood floors and built-ins. Wonderful kitchen with concrete countertops, gas range and stainless steel appliances. Large master suite with automated skylights, walk-in closet, sitting area, beautiful shower and soaking tub. Partially finished basement with 4th bedroom/office.  Beautiful backyard. A/C, newer siding.

Tricky Plan to Buy a Mid-Century in South Tabor Worked!

My clients Jake and Greg purchased a blah mid-century rancher in St. Johns in 2017. Over the last four years they worked tirelessly to turn the bland into beautiful. While they loved their home, they really wanted a larger mid-century with a basement and in their dream world, they would be able to move in inner-SE Portland. The first time I visited their St. Johns home I was totally wowed by their home and what they had done to it. Like a lot of would be sellers who want to buy a move-up home in Portland, their biggest obstacle was the uncertainty that goes along with putting a house on the market without knowing where you are going to move. They ran all the numbers with their lender, and to get the kind of house they wanted, they realized that they would have to sell their home first before they could buy. In years past, this would have been the type of situation where getting a contingent offer accepted would have been the path. But it’s 2021 and contingent offers are just not a thing with the incredible demand. We looked at a couple of houses that came on the market, but those homes were receiving multiple offers and with the need to write a continent offer, they knew they had no chance.

In mid-February a mid-century home in South Tabor came on the market. The location was ideal, and on paper, it seemed like it might work size wise and it was built in 1951, so as long as it had some original mid-century features, it could be a winner . But there were no interior photos- only 2 exterior photos. It was also tenant occupied and subject to interior inspection, which meant we couldn’t see the house until we had an accepted offer. After seeing the house on RMLS, I had a crazy idea that maybe they could write a contingent offer on the house, then see it, and if they liked it, move forward, and if they didn’t, no big deal, they would just terminate. I shared this idea with my clients and lo and behold it actually got them excited. They drove by the house that night, and did some sleuthing online and found interior photos from when the sellers had listed it as a rental. They let me know that night that they wanted to write on offer on it.

It took us a few days to pull together the offer because we had to work through their financing, figure out what to do about the tenants, and pull some other pieces together including figuring out how much they could sell their house for and when they could get it ready to hit the market. After spending a couple of days getting the offer all prepared, I sent it over to the listing agent. Unfortunately, all the work felt for naught because the sellers wound up accepting an offer from a buyer who said they would take on the tenants, whereas our offer specified that the sellers needed to give the tenants a 90-day notice upon my buyer’s acceptance after the walk-through. The sellers put us in back-up, and on the same day they allowed the first position buyers to walk through, they let us have 20 minutes to walk through the house as well so my buyers could decide if they wanted to stay in back-up. We went over to the house to do the walk-through, and both Jake and Greg LOVED the house- it was even better then they expected and from that moment, they were determined to make it all work. Fortunately the first position buyers backed out, which moved my clients out of back-up and into first position. Once they were under contract, we thought we were looking at a 90-day close, so my clients got to work furiously getting their house ready to go on the  market.

We put their house on the market about 10 days after they moved into first position, and they received 5 offers- all well over asking and all offered sufficient rent back.  The offer they accepted was $105k OVER what we listed their St. Johns house at. As soon as they accepted the offer on their house, we sent over a notice to the sellers on the South Tabor house removing the contingency. During the 2 simultaneous transactions we had a few big bumps- the house they were buying needed a new roof and other bigger repairs and the sellers refused to give them any credit, let alone do repairs, and the appraisal on their house in St. Johns received a pretty low appraisal- more then $40k below the sales price. Both of these blows hit hard because in order to feel like they could afford to do the repairs needed on the South Tabor house, they really needed the sales price on the St. Johns house to stick. Thankfully the buyers on their St. Johns home switched lenders, and within a week we had a new appraisal at value. Meanwhile, the tenants in the South Tabor home purchased a home, and gave their notice to vacate 30 days prior to the 90 day notice they had, so Jake and Greg were able to close on the South Tabor house only 5 days after they closed on their St. Johns house. And since they did receive rent-back, they get to spend the next month having floors refinished, the roof replaced and doing other repairs on the new house before they need to be out of their St. Johns house.

Throughout what turned into an almost 90 day start to finish process, Jake and Greg persevered with their eyes on the prize. When it all was said and done and I handed them their keys, they were still in shock that it all actually worked out. This is the nuttiest market to be a buyer in ever, but if you are willing to be creative, take some risks to take the plunge- opportunities are out there!

Last Tango in Mt Tabor

I first met Galen through his partner, Kyra, who I’ve known for years through my old college roommates and Oregon Country Fair friends. He contacted me to say he was ready to buy a home and asked if I could help him. Naturally, I said yes because he’s a great guy and I like helping people purchase homes.

After about a month of searching and some stressful pressure to move quickly on the homes he liked, we finally found this fantastic Mt Tabor home. This house has one of the best entertaining kitchens I’ve ever seen. It is open concept AND has double French doors that open onto the large deck and back yard. I have major kitchen envy. 🙂

Now, the market being what it is, we naturally had to compete to get the home. Luckily, Galen wrote a heartfelt letter about how he loves to dance and entertain, and along with our stellar terms that sealed the deal.

I can’t wait to come fete your new home with you at some point, Galen!

If you or anyone you know is looking to buy or sell a home in the Portland area, please contact Amanda Haworth at 503-453-7698 or amanda@livingroomre.com.

Building a Portfolio

Congratulations to my clients, D&Y, for purchasing their 4th property in 2 years! I truly enjoy being a part of helping my clients build up a real estate portfolio, and helping them utilize real estate as part of their wealth building strategy. It’s something that I believe in personally, so it’s great to connect with friends and clients who feel the same way.

It Takes A Village to Buy A House

Back in 2015 I helped one of my very favorite people Tiana purchase a home in Cully on a large lot with her then wife. Back then, the market was competitive, but not so competitive that a buyer with only a small down payment couldn’t get a house on the first offer they wrote. Two and a half years ago life circumstances changed and Tiana and her ex-wife broke up and I helped them sell the house. At that time in late 2019, the market had pretty much flat-lined, and when we sold that house, it did take a few weeks to go pending. Ever since then, Tiana has talked about getting back in the market to buy another home.

And then in January of this year, Tiana and her now partner Mallory hit the “go” button and were ready to start shopping. Which is pretty much exactly the same time everyone else in Portland decided they needed to buy a house. Within only 5% down and not having the ability to make up a gap in case the appraised value came in lower then the purchase price, Tiana got caught in theloop of writing offer after offer after offer. Each offer she wrote was easily $25k-$60k over asking, and every single time, she was either outbid or someone else had better terms. And then on the 7th try, we found a home in Brentwood Darlington that was perfect in just about every way. It was super cute, mid-century ranch  with 3 bedrooms, a large kitchen, sunny windows and a huge yard. And like every other house she wrote on, this one also had multiple offers. But this time, Tiana’s lender, the one and only Jennifer Leon at Umpqua Bank who I work with all the time, happened to also be chummy with the listing agent. Jennifer called the listing agent and expounded on just how wonderful a person Tiana is, and how much both Jennifer and myself have invested in seeing Tiana become a homeowner. And it worked!!! The sellers decided to sell to Tiana even though there was a couple of offers that were higher and presumably had better terms.

The inspection turned up a few issues that need addressing, and because of the multiple offers the sellers were understandably not willing to give my buyer a credit or do any repairs, but all of the issues are fixable. And then the piece we had all been dreading came to pass. The house appraised for $27k under purchase price. Big ouch. Tiana did have some funds to make up a tiny portion of the difference, but not enough to even get close to the purchase price. We submitted a reconsideration of value and the appraiser did come up a bit, so between what the appraiser came up with and the small amount of additional down payment Tiana was able to bring in, the sellers agreed to sell to Tiana at a price still under the agreed upon purchase price.

When the listing agent let Tiana, myself and Jennifer know that the sellers were ok moving forward at the lower price, all three of us were in tears. Happy tears. And all was well in the world at that moment.

Dolph Park Colonial-SOLD!!!

This one is SOLD!!!

…..but if you’re shopping in the area or live in this lovely little pocket of a neighborhood and are thinking of selling,  I would be happy to offer some insight into the current market conditions.

This one received multiple offers and Closed at: $1,078,000, $128K over asking.  If you’re thinking of selling, now is the time! Offers are compelling. Terms are strong. Sales are smooth.

 

Give me a call if you’d like to chat!

 

Veronica Powell

503.936.3475

Veronica@LivingRoomRE.com

 

Schools, community, safety

These were the items of focus! Pat and Greg were searching to find a community they could invest in to raise their son and enjoy walks in their neighborhood. The search was challenging, as it is for most buyers in this competitive/scarce inventory market, but we didn’t lose faith or compromise! This is a hard thing to accomplish – but we did! I am proud to say they didn’t settle and found an amazing home in Happy Valley… CONGRATULATIONS!
Jessica
Partner, advocate, real estate life coach

Spring Dreams

Sometimes a house just calls to you and with everything in bloom that’s exactly what’s happening here in Portsmouth.
This light and bright 1940’s Cape Cod Bungalow maintains original charm with hardwoods, woodwork, hardware, and a retro kitchen. Updates include vinyl windows, new furnace and AC, new electrical panel, and custom carriage doors on the garage. Those carriage doors are 🤩!! The main living area has an open floor plan with the bedrooms at the back of the house for privacy. This little gem sits on a corner lot with two yard areas including a large fenced yard with deck for your summer gatherings. Close to food carts, New Seasons, Starbucks and more. 
If you haven’t explored North Portland now may be the time.

Gorgeous Mississippi Bungalow

Just Listed: 4520 N CONGRESS AVE

2 BED | 1.5 BATH | 1848 SF | MLS# 21414082

OFFERED AT $539,000

TAKE THE VIDEO TOUR

This beautiful Mississippi Bungalow is packed with sophisticated updates while holding strong to the original character. Sitting high above the street you’ll love the gorgeous landscaping and darling deck above the garage, the perfect place to relax and with your morning coffee or chat with friends and neighbors.

As you enter into a lovely foyer you will find classic architectural features, efficient and expansive spaces and light-filled rooms. Make your way into the living room which features gorgeous millwork, original hardwood floors, a stylishly updated mantle with a gas fireplace and an elegant flow into the formal dining room. The dining room itself is quite large and acts as a nice axis point to the living room and kitchen, the perfect layout for entertaining!

A half-wall opens to a recently remodeled chef’s kitchen featuring beautiful quartz countertops, stainless steel appliances, gas range with hood, original fir floors, beautiful tile to the ceiling, sink disposal and an integrated dishwasher. 

Making your way upstairs, you’ll find 2 light-filled bedrooms with full closets. The layout is perfect with a stylishly updated, full bathroom with refinished clawfoot tub and skylights.

On the lower level, a large partially finished basement offers a great flex space! Easily imagined as a home office, yoga room, homeschool room, media room, ect.! Plus, it offers an exterior entrance and plenty of dedicated storage space.

Step outside into your back garden deck oasis! A petite and powerful garden that requires limited maintenance is brimming with beauty. Exterior storage with access at the rear of the house.

So many upgrades including 90+ furnace, AC, gas fireplace, upgraded foundation & seismic, upgraded electrical panel, pex plumbing, skylights and recently added half bath on the first floor.

Desirable, convenient location with a street designed for light traffic flow and ample street parking. Walk score 89 & Bike score 99!

Welcome home!

Why is Housing Inventory So Low

The Portland Real Estate Market has strongly favored Sellers for the greater part of 7 years now, and this has largely been driven by a shortage of supply, coupled with low mortgage interest rates. There are many motivated Buyers, looking to lock in a home purchase at a great rate, but just not enough supply to meet the demand, which has caused the high level of competition we are seeing for Buyers. 

But why is that? What is causing this seemingly never-ending cycle of low inventory in our region? Below are my thoughts on some of the main contributing factors.  

1. Lack of New Construction:

According to Portland Alliance, despite historic economic expansion, our region has produced the fewest housing units over any 10-year period since World War II. 

With the number of new households in the area exceeding the number of new homes being built, we have a situation where demand for housing cannot be met at current building rates. In order to balance the market, there needs to be a larger supply of new construction to keep up with the growth in our region. 

This is a particularly complex issue, which dates back to the Recession in 2008-2012. Residential new construction hit all time lows during that time period, and it simply hasn’t ever fully recovered. 

Additionally, the cost to build is significantly higher now, and I am sure many of us are aware that the price of lumber has skyrocketed during the pandemic — nearly quadrupling in price.

2. Hesitation to Enter the Market

Another issue that contributes to the lack of inventory, is a hesitancy from current homeowners to trade-up or downsize in the current market climate. I have spoken with a number of clients in the last year, and discussed the pros and cons of making a move in this market. There are many people who would love to take advantage of this opportunity to sell their current home, but the prospect of then entering the market as a buyer, is not all that appealing. 

Buying and selling a home in the same market will always favor one side of this coin, but in the current climate, it so strongly favors sellers, that it intimidates some from even attempting to make the transition. 

3. Duration of Homeownership

Another interesting factor contributing to the lack of housing supply, is that people are staying in their homes for longer periods of time. According to the US Census Bureau, the average tenure for homeownership in the United States is just over 8 years. In comparison, the average tenure was only 4 years between 2000-2007. 

We can certainly speculate as to why this might be, but there doesn’t seem to be any overwhelmingly compelling evidence that points to exactly why people are staying put longer. 

 

In any event, the solution to the lack of housing inventory is massively complex, and it will likely be a slow moving process to reach a point where there is enough housing supply in our region to meet the demand.

In the meantime, there are definitely still ways to make a transition in this market (see my previous blog post), and there are also ways to be strategic with your offer structure to help ensure you win in multiple offer scenarios. As always, I am more than happy to set up a time to meet, and discuss market conditions in further detail, so you can see how all of these moving parts affect your own personal sutuiaton.

 

The Little Buyers Who Could

When I say this market is tough on buyers, that may be an understatement for what Andrea and Amar (and sweet 1-year-old daughter Maeve) have been through. When we first met they were coming out of the process of getting bids for their current home to expand it to fit their growing family. They decided it would be easier to just purchase something else instead. Little did they know the challenges that lay ahead.

After a few weeks of searching, we finally found their “dream home.” We put in a stellar offer, and although the listing agent told us ours was the strongest, the sellers picked another offer based on the buyer letter. Crushing. And, frankly, unethical. So Andrea and Amar took a little time off from the hunt and regrouped.

A few weeks of looking later, a home popped up that looked promising. It had the big yard they had dreamed of, it was a “granny ranch” with great bones and a ton of potential to make it into exactly what they want. The problem was, we would have to fight for it. There was a ton of competition for this home, including a cash offer that was very appealing to the sellers.

Insert super lender Jen Bell into the mix. She said she could get us a 10 day closing to compete with the cash buyer. So we put our best foot forward and I had a lot of heart-to-hearts with the listing agent. When she finally called to tell us we got it, she said, “I feel like we’re old friends at this point!” 🙂

Needless to say, Andrea and Amar are THRILLED with how things panned out. And so am I! I can’t wait to see how their amazing remodel will turn out. They have a great eye for design and I just know they are going to have the coolest house when this is all done! So happy for them!

If you, or anyone you know, are looking to buy or sell a home in the greater Portland area, please contact Amanda Haworth at 503-453-7698 or amanda@livingroomre.com.

 

St. John’s Boomerang

Sarah and Dan were renting in the St.John’s neighborhood when we began their search. While we set the search up to stretch the boundaries of this neighborhood, as we toured in different areas of town it became clear that St. John’s was where their hearts lived and so we continually returned to the possibilities there. Sarah and Dan came into the market clear-eyed about the fact that there are no signs of it slowing and weighed their options with graceful and grounded perspectives. They ended up striking a balance between wanting a home with built-in charm and knowing that opting for more of a “blank slate” increased their chances of success. They landed a home with a perfect combination of the two – room to add character, but with enough mid-century flair that they felt they were not settling for something that lacked charm. But most importantly, they are moving within the neighborhood they are committed to and love.

Third Time’s a Charm!

Try and try again.

Home-buying is competitive lately, but newlyweds, Eamon and Pam were successful with the 3rd offer they submitted. We went in strong with an offer at 5% over the listing price and they included a commitment to move forward with the purchase as long as the home appraised for at least the listing price. That did the trick. Inspections took place during the chaos of the February ice and snow. Despite the crazy weather we got the job done and negotiated seller credit to cover some important repairs for the home.

The South Tabor home has been owned by the same family for 90+ years, since it was built in 1930. There’s a nice big yard that overlooks another neighbor’s even larger yard. The setting almost feels like it backs up to a park. Rarely do we find a small home with grand house features like this one. The living room has charming leaded glass windows and a fabulous fireplace. Built-in cabinets add old-world charm. The bathroom is spacious with cool vintage tile and hardwood floors run throughout the main floor. Clearly the house has been lovingly cared for by it’s original owners, but there’s great potential for the buyers to invest some sweat equity and polish things up a bit. Maybe someday they’ll finish off the basement. But for now they are picking out paint colors, planning a garden and settling in nicely to the South Tabor neighborhood. Congratulations to my favorite pandemic newlyweds!

– – – – – – – – – – – – – – – – – – –

Interested in making Portland your home?

Call Cheri Harney, at 503-319-4858.

Congratulations to Eddie & Family

Congratulations to Eddie and Family

I helped Eddie buy a house about 5 years ago and was so happy to work with him again. If you know me, you know that I love homes and helping my clients make life transitions. I love being a real estate agent for so many reasons! And, I’ve got to tell you, there was a little sparkle in this story for me because Eddie purchased this condo so his parents could live closer to him and his daughter, Viv!  It really is so fun to help families to be closer to one another. 

The single-family home market is definitely experiencing a very competitive seller’s market and a lack of inventory.  However, on the condo side of things, there are a lot more units available so if you are considering a condo, it’s a great time to buy. Eddie and his Mom found a sweet 2 bedroom condo with a view in the Lloyd Center neighborhood for a very reasonable price!

And one more thing! Speaking of lovely people to work with people- a big shout out to Uli Sommers, my favorite home inspector. I know that everyone who works with her is going to get the best service at the best price and she did a great job for Eddie and his parents as well.

Uli Sommers Website

Lloyd Neighborhood Portland

EAGLE EYE

Suzanne and Charles were like a pair of eagles flying over Hillsdale waiting to swoop down on a great option near their daughter’s house!  We had passively watched the market for over 2 years as they prepared to sell their home — moving 40+ years of life was a daunting task, but a successful one indeed.  Their house sold and they were ready to swoop into the Portland market and claim a new homestead. Shortly after their arrival, the perfect house with amazing views and gardening space hit the market. They set their eyes on catching this outstanding mid-century home on a lovely 1/3 acre parcel and were successful!  Congratulations, we are thrilled for you both.

Who said this couldn’t be fun?

Shasta and Joe flirted with the idea of upgrading their current pad last year, but after some initial research decided to hunker back down and do more preparing with plans to start the official hunt in the spring of 2021. Despite the rapid growth in the market and scarcity of options Shasta and Joe were still positioned well.  Once the house search ramps up, staying organized is crucial, and with so many forms of communication, this can be difficult, especially around text messages. We have found a simple group thread that avoids text messages getting lost and multiple threads getting started – genius, you say – Nah, but kinda feels that way :).  This thread is critical for quick questions, property sharing, and updates, BUT with Shasta and Joe, it also was full of witty banter, hilarious references, and spot-on GIF sends.  Their light-hearted attitude was so much fun and will be missed — Congratulations on scoring such a beautiful house.

Elbow Room

Meghan, Luke, and their son were living in a cute as a button home of approximately 700 sq. ft. before they started the house hunt. It takes a particular kind of innovation to thrive in an environment that small, which they certainly did! (As a business owner specializing in quilting, Meghan spent a good deal of time producing beautiful quilts from her kitchen table.) As much as they loved their cozy space, they were ready for a little more elbow room and the search began. With a strong love for vintage homes, Meghan and Luke sought a home with some charm that they could pour their love into and one that would have enough bonus spaces to complement their busy lives. Next week we will hand them the keys to a home triple the size! We can’t wait to see the difference this makes in their lives.

Climbing Mount Everest

Finding a home that would not eat them alive, provide spaces for a family, and allow Ayala to work from home felt like climbing Mount Everest.  We put on our gear, and I was their sherpa. Our climb began in August of 2020, we headed out with hopes of getting to the top safely and quickly, but this mountain grew as we traveled and the journey threw roadblocks we could not see coming in our way. We made adjustments and detours along the way, experienced many disappointments and failed attempts, but we kept putting one foot in front of the other, learning and adjusting with each step.  The cold hard truth was that without extra tools, it was looking like they could not compete against uncontrollable forces.  This journey was hard but was full of growth, education, and most of all, their AMAZING spirits to make it to the end.  I have been a sherpa (aka REALTOR) for 16 years and used every bit of knowledge I have to help them make it and loved being of service to them.  On March 3rd they started the descent off this mountain and have arrived back at base camp. Today is a day of celebration for them and me because the home they are getting keys to is AMAZING and will provide many years full of enjoyment instead of years of projects.

Welcome home to your lovely new home, a place to nest and get ready for your first child and maybe someday a puppy too!

Jessica LeDoux

Realtor, Sherpa, Advocate

THE ONE!

Searching for a home when your priorities are so clear and focused still requires a lot of patience and trust.  Marilyn and Don knew what mattered — 1) Distance to their daughter and the grandbaby on the way! 2) One level – move-in ready condition.  This narrowed our search to a very small radius in an area with a lot of fixers.  They knew they would be giving up a lot, but only the basic amenities mattered because achieving the main goal was what was motivating their move.  With limited inventory and prices on the rise, this felt like an almost impossible task, but they patiently waited and trusted the home would come, and it did!  A home in better condition and with better amenities than they had hoped for —  Love and Family was their driving force and trusting that led them to the optimal outcome!

Grit & Persistence Get Amanda and Iain Where They Want To Be

Congratulations to Amanda and Iain!


 

This transaction was a great example of sticking with it until you get what you want! Amanda and Iain are whip-smart and tenacious, which are the best qualities a buyer could have in this current market.

Jasmine and I love working with first-time home buyers and homeownership is something we want to see for everyone who is interested. We pride ourselves on our initial buyer’s meeting setting up reasonable expectations to empower our clients. By breaking the process into manageable pieces the whole thing makes sense, flows nicely and clients know they will get the home they want. 

I appreciate so much how Iain and Amanda kept their eyes on the prize, they didn’t let disappointments slow their roll and, in the end, they made their dream come true! They bought a gorgeous home!

And, as we all know, in real estate, there is truly nothing better than a GREAT referral and I am thrilled that Jasmine was referred to Amanda and Iain by their mutual friends! They are fun and wonderful people and I’m so happy to have worked with them.

 

 

Education is always KEY!

Marissa and Danny entered the market with determination, but not a lot of knowledge on what is needed to buy a home, so education was so important. They had financing in place, closing costs saved, but did not know 100% what other costs they would incur and the actual dollars needed.  Clarifying this piece was critical and they went back to saving. Once ready to re-enter the market the loan product once available to them was gone due to the pandemic, but the months of saving bridged that gap.  I am proud to say NO time was lost, every valuable minute of their life was preserved and focused on real efforts to make their dream of homeownership come true.  Nearly a year later the hunt was on and it was not an easy path, but every turn added to their knowledge base, empowering them to find an amazing home with more space than they ever thought possible.  Congratulations Danny and Marissa, you both are simply the best!

I Sold My House! Now Where Do I Go?

One of the biggest challenges for would-be Sellers in the Portland real estate market, is what to do after you have sold your home. With this quite possibly being the hottest Seller’s Market we have ever seen, it often feels like selling your home is a forgone conclusion — it’s just a matter of how many offers you will get, and how high over your asking price those offers will be. While this isn’t always the case, it certainly stands true that if you price your home appropriately, and you have a solid product to offer, there will be a line of Buyers ready and willing to offer you the moon for your home. But, what do you do next? 

Knowing that the market is extremely competitive and challenging for Buyers, many people are nervous about the prospect of selling their current home, simply because they don’t know where they will live once it’s sold. They would love to take advantage of the current market on the selling side, but don’t relish the prospect of having a ticking clock on when they need to find their next home. So, here are three tips for how to make that transition, without feeling the stress of needing to make a major life decision, with a finite amount of time to make it. 

  1. Negotiate a rent-back on your current property — Oftentimes in this market, Buyers are willing to offer any and all terms the Seller is looking for. A question we often get when listing property is, “what do the Sellers need out of the offer?” Negotiating a rent-back would allow you to stay in your current home for an additional 30-60 days after closing on the sale. In some cases, we can negotiate for this period of time to be free of charge. In others, you simply cover the cost of the new owner’s mortgage payment each month. If the Buyer of your home is financing the purchase, their Lender will always have a maximum number of days you are allowed rent the property back from the new owner, so this certainly isn’t a long-term solution. However, it can be an attractive option to at least buy some additional time to begin looking for your next place!
  2. Find a furnished short-term rental home — While you will likely end up paying more per month than you were paying for your mortgage, a furnished short-term rental property is a great way to buy yourself more time to shop for a home. This allows you to sell your current home, get a pre-approval for your next purchase, and have a comfortable place to live for an extended period of time. By renting a furnished home, you can also avoid the dreaded prospect of moving twice — just store your furniture in a storage unit or Pod, and then have it all delivered to your new home once you find it!
  3. Purchase your next home before you sell — this option requires you to be somewhat risk-tolerant, along with also being able to qualify for carrying both mortgages simultaneously (for both your current home and your new home). While the amount of time you carry both mortgages will likely be short in most cases, you will still need to be approved by your Lender for both payments. This is by far the most ideal way to make your transition, but is not an available option for everyone. If you are interested in making a move in this market, I would recommend talking with your Lender first, so you can understand whether this is an option for you. Then, we can discuss what the go-to-market strategy would look like for your current home, to ensure you feel comfortable with that process as well!

Whichever route you end up choosing, there will be a certain level of discomfort involved, so it’s wise to spend some time strategizing and preparing, prior to embarking on the journey of selling and buying in this market. This will allow you to feel well-prepared and open to making short-term sacrifices, which will ultimately help you accomplish your goal of finding your next home!  

Three’s Company!!

 

You may see one happy new homeowner in this photo, but there are two more to come!  2020 dealt our  lovely clients, Chris and Jamie, and their mother, Shari, some tough blows.  Needing a reset and reconnection with family, they decided to move to Portland from Los Angeles together.  They called us and, almost immediately, we found this darling home in the Overlook neighborhood, which is a perfect fit for the three of them.  In this fast real estate market, the great houses don’t last long, so thankfully, Chris and Jamie were quick learners and took our advice on the various ways they could make their offer most attractive to the sellers.  They ended up beating out 12 other buyers to land the house.  Cut to 30 days later and their swift and decisive efforts paid off.  Shari pulled up with her moving van to collect the keys to their new house.  Chris and Jamie will follow soon and this family will get the fresh start it deserves!!

Congratulations Chris, Jamie and Shari – we know you will enjoy your beautiful new home and Portland life!!

Doesn’t hurt to try!

We had the pleasure of helping Jenny and Will purchase a great home in Alameda when they moved to Portland. While they’ve loved a lot about this home, the characteristically small living spaces of their bungalow were not quite working when their home became the hub for ALL aspects of work, life, and education. They explored ways of expanding their spaces, but that option was not ideal and the idea of moving was hard because they absolutely LOVE their neighbors. On walks, Jenny and Will admired a more expansive craftsman style home on their street that was for sale, but at that time not obtainable. The home was taken off of the market, but when the possibility of moving became a viable option they called us, hoping to learn more about the home and see if it would become available again. This spurred our team into action and we reached out to the former listing agent to see if the seller was still planning to sell and would consider an off market offer. At first this did not look hopeful, but with patience and persistence the conversation started to advance! Immediately after touring this home they knew it was exactly what they wanted and on the same street… this home would be a dream come true for their family! Immediately we presented an off market offer and it was accepted! It was such a delight to hand over the keys to such an awesome family and it was truly an honor to work with these fantastic people again!

Don’t chase the market

Being frugal or conservative are both very sound ways of analyzing huge financial decisions. These characteristics are critical when entering the real estate market, but they also can cause you to chase a growing market. It is important to balance this nature with a broader perspective by not simply analyzing each home fiscally.  Home ownership is more than an investment, it is shelter and security. If one can shift their conservative thinking to focus on longevity, the unchangeable elements of a home, and future options within their means, this will inherently protect one’s investment no matter what direction the market goes. This balanced perspective is what our team works diligently to help buyers see because if you purchase a home wisely, that home will provide you with many years and will prevent the feeling of having to move. Instead it will allow you to time your sale in the most optimal market for a return on your investment when the time comes to sell.

Patience is key

Ali and Matt were in the market for quite some time before they succeeded at getting into contract on their new home. As strategic buyers, one of their strengths was being able to walk away from homes that became overly competitive and shot above and beyond their comfort zone. They remained true to themselves. But during their search, the market took a swing upward and they worried they would not be able to compete in any of the locations they sought. So when a home with some rough edges, but all the potential they were looking for popped up in their favorite part of town, they moved confidently and were victorious. Their position was truly strengthened by the expanded knowledge that formed during the searching process and broadened their ability to see potential in the less than shiny. This process is different for everyone and it is wonderful to see buyers in a hyper competitive price range emerge empowered.

Quintessential Grant Park Bungalow

Quintessential Grant Park Bungalow

3328 NE Schuyler ST  | Portland, OR 97212

Offered at $799,900 | ML #21072650

5 Bedrooms | 4 Baths | 3,106 sf

Quintessential Grant Park bungalow completely remodeled to the studs in 2018. Open floor plan with marvelous kitchen that will delight your guests. Practical main level living and separate living quarters in the basement with independent exterior entrance, a second master and bonus area in the attic. Lovely covered patio and easy maintenance yard ready to enjoy this spring. Convenient location close to New Seasons, restaurants, Grant Park amenities, library and BCS/Grant schools.

Seller Who Collects Rocks Finds Buyers Who Love Rocks

My buyers Alexandra and Ray are first time home buyers and just scored on a great ranch house in Fo-Wo section of Woodstock- between Foster and Woodstock. They were fantastic to work with because they knew what they wanted and they were prepared to jump head first into this nutball of our early 2021 market where there is 1 house for every 20 buyers. After walking into what would become their house, the first thing they said was- we could be friends with this seller. The seller had quite the display of rocks, gems and minerals and before we got very far into the house, my buyers were ooohhhing and ahhhhing over the sellers collection- admiring and even naming some of the rocks. Once we got past the rocks we explored the house,  a mid-century 900 sf with 3 bedrooms and 1 bathroom on an oversized lot graced by a front yard tree with a trunk the size of a truck. I could tel as we walked around that this was “the one” for them. They are also woodworkers and one of their strong wants was a home that had a great space to build stuff in, and this house has a newer oversized garage/ shop that is perfect for woodworking.

We had talked extensively about the state of the market, and how every house was getting multiple offers with buyers offering appraisal make-up gaps in case the house does not appraise for purchase price, buyers taking on homes as-is with few if any repairs made by sellers, and with home prices up between 15-20% over January of 2020. The house was priced at what would have been the top of the price-range only a few months ago for a house like this and in this location, which made it really difficult to decide what to offer without going to crazy. But Alexandra and Ray were prepared to go over asking, and with interest rates as low as they are, their monthly payment was still in a comfortable range for them. It takes some true hardiness as a buyer to be able to succeed in getting their offer accepted, and after I spelled out all the potential bells, whistles and deal sweeteners they could use in an offer, Alexandra and Ray put their trust in me and offered well over list, stated in the offer that they would limit repair requests to only bigger issues, offered the seller free rent-back after closing and wrote a letter to the seller mentioning how much they loved his rock collection.  They were also able to offer what has become the number one denominator in winning offers- the ability to make up an appraisal gap if the appraised value came in less then purchase price.  Prices are rising faster then appraisals can keep up with them, and to mitigate the real threat of a low appraisal, buyers who can state in writing that they can bring in a higher downpayment to cover that gap are who are having offers accepted. Alexandra and Ray’s offer was not the highest, but the seller and the listing agent loved their terms and letter enough to come back to me and give them the opportunity to come up just a hair to match the highest offer, which they did. Fortunately the house inspected like a dream- one of the best houses my inspector has seen to date this year. We did run into a slight appraisal issue when the house did not appraise at the purchase price, but Alexandra and Ray were prepared so that was an easy enough hoop for them to crawl through. The seller is holding onto the house for a few weeks after closing while he prepares to move, and I am looking forward to handing the keys to my buyers at the end of the month.

Dad, please come to Portland!

Brian sat in the co-seat of his sons’ purchases and got to watch their aspirations of homeownership come true. We got to watch a great family, rooted in service, help each other.  What we did not acknowledge is Brian was also watching how our team works, and our commitment to the people we serve.  So when his boys sent him a badass North Portland condo in an attempt to get him closer, he took the bait and when they asked him what he wanted to do next, he replied, “call Jessica”.  When he shared this with me I felt joy and appreciation at another chance to help this family. What an honor that we are so pleased to have earned from such amazing people.  Welcome to Portland, Brian!

What’s Meant To Be Will Be

Reilly and Jaime were referred to me by a local lender and I have to be honest, from the first conversation we had I was thrilled to be working with them. They’re both in their 20s, out of college, and finding their paths in the world. The task ahead of us: find their first home.

Side Note. I have to nerd out for just a minute. I love working with first time homebuyers. I love it because I believe in home ownership as the jumping point for people to start building longitudinal and generational wealth. Homeownership is something I want to see for everyone at some point in their life. It especially excites me for young people to start owning as soon as possible, it opens up so many opportunities in the future. I have many friends who have started businesses, confidently changed careers, and/or retired early as a result of early home ownership.

Back to Reilly and Jaime. We knew they wanted to be in Vancouver and we quickly distilled their wants and needs to figure out exactly what we were looking for. We talked about the challenges in the current market and the strategies I like to employ to be competitive (we are in a heavy seller’s market right now). Some things will always be standard, but sometimes coloring outside of the lines is exactly what you need to do.

We looked at several houses and it didn’t take long until we found the house they were looking for. It checked the most important boxes. We made our offer. So did a dozen other people. We got beat out, barely, but we were in the #2 position, something I was more excited about than they were – because I knew it meant we still had a chance. We kept moving forward and looking at other properties, that’s how it goes. A couple of days later, just as we were getting ready to write an offer on a house that was great, but not quite as great as the first one, I got the call. The first position buyers had backed out due to cold feet and we were now in first position for them to buy the house they really wanted. Calling Jaime and Reilly to tell them the news was my favorite phone call that day.

We are blessed!

We are blessed to help such amazing people like Juno and Nick. Juno has been a friend since we first picked up weights together at the Refinery. I was a new gym rat, exploring the early morning scene, and instantly felt she would be a great workout buddy. My instincts were right! I have long left the Refinery, and miss working out sidebyside with Juno, but luckily we have stayed in contact, and Juno has followed her instincts to trust the entire team! It has been such a joy to help them navigate the difficult and stressful process of buying and selling a home. If she were writing this, she would say something to the effect that they were needy — as she often expressed this out of concern, but that couldn’t be farther from the truth! We pride ourselves on breaking this process into bite-sized pieces to help focus efforts where progress can be made and worries can be answered. Being of service is what makes this career fulfilling; we would not have it any other way. Education, exploration, and preparation was an enjoyable 1-2 year process with life and covid delaying the start, leading us to concrete plans to enter the market in the spring of 2021 and start touring options as they hit in the New Year. Juno and Nick were prepared, knew what they wanted, and relied on us to make it happen, and this was the perfect balance to deliver success on their first very competitive offer they made. Celebrations are underway as their new house closes, and they head out of town for the debut of their current home hitting the market!

Possum Queen and Brewmaster Find Their Home

It is tough out there for our buyers but these two stellar humans did what it takes and made it happen.

Here it is in Stephanie’s own words:
“WE ARE HOMEOWNERS NOW WTF. What kind of millennial curse did we break and how? I’m in disbelief. Shoutout to Sean Patrick O’Feery and Carly Van Aart for being the best realtors we could have ever hoped for (if any of you need one, we highly recommend). But one detail he (the owner) left out that is of the very most importance:
OUR NEW NEIGHBORS SAID WE HAVE ALL THE TRASH CATS. Raccoons, skunks 😬 (maybe less than excited about that but they’re still cute), and HOLY JEEZ POSSUMS Y’ALL. I’ve got the possum sweats y’all. I’m ready to be their queen in my castle AND CREATE A KINGDOM. Bring it.”
There is some serious possum love here.
Congratulations Jake and Stephanie, well deserved.

If you’re looking for your own home with or without possums, give me a call!

Thirty-Two Days From Start to Finish on a Brooklyn House

Dave used to live across the street from me until about 2 or 3 years ago (who can keep track of time these days?) when he and his partner divorced and he moved into an apartment a few blocks away. His oldest kid and my oldest kid have been besties since before they could walk or talk, and it was Dave and his 2 kids who we had our last out of our family bubble non-socially distanced get together with on March 14th, 2020 at my older son’s 10th birthday party. When we parted ways that day, we didn’t know when we would be able to get together again in such a carefree  way because the following day we all went under lockdown. And nearly a whole entire year later, we are still waiting for that day.

Dave’s plan was to eventually buy another house, and on January 15th of 2021, he texted me to let me know he was ready to start shopping. He had a very narrow list of needs that were absolute musts- including a location within a mile of his kids mom’s place, at least 3 bedrooms, 2 bathrooms, a yard and some sort of studio or garage to tinker around on bikes and he had a maximum price that he would be willing to pay and was expecting to pay. He had his pre-approval on hand and so I went through RMLS to send him a list of all of the properties that sort of kind of matched his needs. And there were only 2 properties. And neither was really a decent option. On January 19th, a sweet bungalow in Brooklyn came on the market. As the crow flies, it was less then 8 blocks from his apartment. From what we could tell from the listing,it could not have been more perfect location wise, size wise, bedroom/bathroom count, the detached huge garage and great back yard. We went to see it in person on January 20th and it was as perfect in person as it seemed like it would be from the listing. It took Dave all of 5 minutes to decide this was going to be his house.

The house was listed at what last year would have been a very reasonable price, but since the floodgates opened and the buyers came spilling out, the supply of houses on the market shriveled to next to nothing, we knew it was going to go way over. The house was listed about 15% under what Dave’s maximum was, so he did have room to go up. Dave approached his offer price from a very practical and logical lens. As long as his monthly payment was within his comfort zone, how much he paid for the house wasn’t all that relevant. With interest rates well under 3%, money is cheaper then it’s ever been (a huge reason for the flood of buyers on the market) so a monthly payment on a house priced at $550k today, is about what it would be on a house priced at $600k a year ago. Savvy buyers know that it’s much more about the monthly payment then it is the sales price. Once interest rates start rising well over 3%, then it’s possible we might see prices stabilize, but for now, home prices are out of control. For this Brooklyn house, even though it was well priced, with 12 offers on the table, Dave’s offer won out between a combination of writing 15% over asking, offering a 3 weeks to close, being able to make up an appraisal gap if the appraisal came in lower then the purchase price (which didn’t happen, it appraised fine!), and stating in his offer that he would not ask for repairs under $4,000. This meant that if a larger issue was found during the inspection, my buyer could expect to negotiate it, but for the smaller stuff, Dave was basically saying he would take the house as-is. Thankfully the house breezed through the inspection and nothing needs to be done to the house anytime soon.

Dave’s story is highly unusual in this market because not that many buyers have the ability to and willingness to do what it takes to rise to the top in a heap of offers. As long as a buyer understands the current market and is willing to and has the means to write up an offer with all the deal sweeteners on the table along with the ability to offer well over asking, as Dave was, then it isn’t rocket science to snag a house even with multiple offers. And on February 16th, 32 days after Dave texted me to let me know he was ready to start the home buying process, he got the keys to his perfect house.