Open Houses | Saturday, April 27th 11-1 | Sunday, April 28th from 12-2
Immaculately maintained, almost new home! High-end COMPLETELY DETACHED, single-family style condo built in 2021! This 3 bedroom, 2.5 bathroom home is the perfect spot for you and your plant friends to soak up the Portland sun.
Special Features
Home Energy Score is a 9 out of 10 = low cost utilities
Luxury primary suite with bathroom and walk in closet
Low fee, well run HOA
A/C
Great floor plan with main floor powder room
Oak Laminate throughout
Well appointed kitchen with stainless appliances
Welcome!
The perfectly laid out living room has a gas fireplace flanked by a large window and slider that allows light to flood into the space.
The open floor plan has a great flow between kitchen, dining and living room.
The sleek, high-end kitchen has a powered island prep space, stainless steel appliances, quartz countertops and plenty of storage.
The main floor is complete with a tucked away powder room.
Through the slider, you have easy flow between the house and the private, fully fenced patio.
The wide plank oak laminate floors also flow upstairs where you’ll find a luxurious primary suite with coved ceiling, walk in closet, soaking tub and shower.
Primary en suite bathroom has a shower and soaking tub.
You’ll also find double sinks and a separate toilet room in the en suite bathroom.
Down the hall are two nicely sized bedrooms, a well-appointed hall bathroom and a laundry room.
The attached, extra deep garage is right off the kitchen for easy access and gives space for storage or a workshop.
Quiet, tucked away neighborhood with great access to services, the freeway, PDX airport and public transport at Gateway transit.
Come see this luxurious, affordable home today and make it your own.
Income-producing, multi-generational, updated systems, oh my! This Woodstock ranch understood the assignment. Enjoy the full extent of all this home has to offer OR score a huge house hack win by renting out one level and living in the other.
The upstairs will make every purist’s heart go pitter patter with its original hardwoods, doors, and formica accents. It features 2 sizable bedrooms (think king beds) with ample closet space, bright living room with wood-burning fireplace, a spacious dining room, kitchen w/ nook and SS appliances, plus a full bathroom with dual vanity. And while she’s retro radical as-is, there’s still opportunity for value-add upstairs…we all love us some sweat equity!
Downstairs is a whole new world, equal parts stunning and functional. Accessed from inside or separately from the exterior, your renters or guests will enjoy high ceilings, a spacious living area, tasteful kitchenette fit for a chef, bedroom with egress, stunning full bath, and washer/dryer! *The downstairs unit most recently rented furnished for $2500/month!*
Large fully fenced backyard, covered patio, firepit. The detached garage features a second stackable washer/dryer and utility sink, and could double as the perfect workshop. So many updates: HVAC, plumbing, sewer, radon mitigation…the list goes on. Just minutes to Woodstock Park, Toast, New Seasons, Heart Coffee, Proper Pint, Cloud City Ice Cream, and everything else that Woodstock has to offer. DREAMY. Bikescore 99, Walkscore 81.
OPEN HOUSES: Sat 4/20 + Sun 4/21, 11-1pm
3 bed | 2 bath | 2212 sq ft | 0.11 acres | built 1949
Looking to live the Portland dream? Quintessential craftsman, tight-knit neighborhood pride, lovingly updated but not stripped of its charm, with hardwoods and porches and location to boot? Meet Massachusetts!
Everything about this home feels right. Soft earthy colors, big picture windows, and open but defined spaces give “home sweet home” vibes. Sunny and spacious living and dining spaces spill into each other through original pocket doors. The updated kitchen features stainless steel appliances, reclaimed butcher block counters, and a breakfast nook that could offer extra pantry space or a homework spot. Two ample bedrooms w/ high ceilings and a darling bathroom with penny tile round out the main level.
The primary bedroom upstairs feels like a retreat from the rest of the house and offers privacy, tons of storage space, and a nook for potential work from home office. The spacious partially finished basement with exterior entry features a second full bath (with sauna!) and roomy 4th bed/flex space, begging the question – what else could you do down here?! An exciting opportunity for its next owners.
Private backyard with mature landscaping, Asian pears and blueberries to pick, plus a Trex deck perfect for entertaining and dining al fresco. Detached garage for your gear. EV charger. High-eff furnace, newer water heater, electrical panel, and light fixtures. So many cozy spaces to curl up with a good book in this one.
All this in the charming Overlook Triangle, half a block to the nature patch and park with expansive views of the river, bridges, and Forest Park. Minutes to transit, Mississippi, and downtown. Bike score 93!
OPEN HOUSES: Sat 4/20 + Sun 4/21, 11-1pm
3 bed | 2 bath | 2790 sq ft | 0.11 acres | built 1910
Perched above the street, this four-level Foursquare home in a park-like setting is truly special. Classic character shines with separate entryway, original molding, vintage fixtures and wood floors throughout. Light filled spaces with large windows and total privacy in living and dining rooms. Elegantly remodeled kitchen in period-style with marble countertops and upgraded with an electric range. Eating nook with bar for seating, pantry, and adjacent powder room. The kitchen leads to an inviting and fully private, covered deck made with super durable ipe wood. Plenty of space with three large bedrooms and one bath on second floor plus an office. Private owner’s suite on upper 4th floor has vaulted ceiling, full bath and skylights. Full unfinished basement has an exercise room, shop, and exterior door for potential expansion. The fully fenced yard is zoned R2.5 with a wrap-around hedge, mature plantings, brick patio and potting shed. Off-street parking on flat and wide driveway. Recent updates include new water heater, furnace and A/C. Quiet and friendly spot, only blocks to world-class Laurelhurst Park, school, library, and an abundance of fun eateries and coffee shops.
Private Entry with Wrap-Around Porch
Generous Living Room with Gas Fireplace, Original Oak HardwoodsBay Window in Dining Room with Overlooking Yard has an Abundance of Natural LightUpdated Kitchen in Period-Style has Tile Floor, Marble CountertopsLarge Eating Nook with Breakfast Bar, Powder Bath and PantryPrimary Bedroom Sanctuary on 4th Floor with Vaulted Ceiling and Updated BathroomUltimately Secluded Covered Deck with Tropical Ipe WoodOversized Yard with Shed, Brick Patio, Mature LandscapingFully Fenced Oversized Yard with Wrap-Around Laurel HedgeOff-Street Parking on Wide and Flat Driveway
Ideally Located on Secluded Corner Blocks from Laurelhurst Park, Library and Belmont Amenities
4 bed + office | 2.5 bath | 3,314 sq. ft. MLS# 24257655 Taxes: $9,836.58 | Year Built: 1907 | Lot Size: 0.15 acres
Buying a home in a competitive sellers market can seem intimidating. But with a good deal of preparation, education and the right real estate team to support you, you can be highly successful.
Here are 4 things you should do prior to shopping for homes:
⚫️ Meet with a lender ASAP.
Having an initial conversation with a lender about where you are financially, where you need to go and how to get there will save you so much time and headaches.
If you don’t have a go to lender, your realtor (aka me 🙋🏼♀️) can send you a few recommendations.
⚫️ Get really clear on your home wants and communicate them to who ever you may be buying with and with your real estate team.
This will also save you so much time as there is no sense in us looking at homes without a fireplace if a fireplace is a necessity to you.
⚫️ If you are starting the home buying process but don’t plan to buy for a while, look into opening a high yield savings account and put your downpayment funds and other expenses for the purchase in it.
That way you will have a specific place for saving up for your home purchase AND you will make great interest on the money adding to your funds to purchase.
⚫️ Connect with a realtor as soon as possible.
Even if you don’t plan to purchase a home for some time, the earlier you meet with a realtor the more time they have to educate you on the process.
I just met with a couple last week who don’t plan to buy till 2025 this had me excited as we have so much time to talk about the ins and outs of the home buying process, research the types of homes that could best meet there needs, and we can watch the market trends so they are clued into how homes in their area of interest are performing in the market.
If you are wanting to co-create your winning home buying strategy I am here for you. You can find my contact info below. I look forward to talking with you!
Introducing the Sabin Solution: the answer to your real estate equation. Dream location + quintessential charm + flexible layout = one smart move.
Open living on the main, with gas fireplace, custom shelving, and newly refinished hardwoods. The functional kitchen with quartz counters, custom wood cabinets, SS appliances & 5-burner gas range was designed by a chef and featured in cookbooks! Two beds + full bath up, with ample closets + new combo ceiling fan/lights with dimmable and color temp options.
Downstairs is freshly painted and accessible from inside but could be a whole separate living space with its exterior entry. Options for multigenerational living or income potential? Chill out in the large family room with gas fireplace and built-in speakers, or set up your workspace or studio. Put up guests in style with the bedroom, en-suite bath with jetted tub and dual head walk-in shower, plus laundry and wet bar.
Your own private oasis awaits you out back. Extensive landscaping, paver patio, hot tub, gas hookup, raised garden beds, and sleek, spacious toolshed, all under a gorgeous magnolia canopy.
Other recent updates include exterior paint, gutters, radon mitigation, central AC, custom glass awning, and recessed lighting. Plus newer windows throughout and a Home Energy Score of 9!
All of this in idyllic Sabin, minutes to Whole Foods, Starbucks, the best of Alberta, Irving Park, and public transit. Bike Score 100, Walk Score 85!
OPEN HOUSES: Sat 4/6 + Sun 4/7, 11-1pm
3 bed | 2 bath | 1612 sq ft | 0.12 acres | built 1947
How we are seeing higher real estate market activity across the board.
The benefits of this market for sellers.
How competition is high for buyers even though rates are still high.
The NAR settlement.
The Spring real estate market is in full swing and it shows in the numbers:
New listings were up 7% last month with 2,085 homes hitting the market.
Pending sales were up 16% with 1,742 homes going under contract.
Sold home activity was up 16% with 1,284 homes going to new homeowners.
Inventory of homes went back below 3.0 months down to 2.8 months.
The average sales price also did not move much with an average of $609,000.
Overall we have been trending back to a hot sellers market and that market is here.
Even with high interest rates (which unfortunately are predicted to stay at current levels through the summer) buyers are finding new motivation and are out there and ready to buy.
If you are a potential home seller this is great news.
When we take the proper steps to prep your home, stage it, market it and most importantly price it right (this is especially important with rates still being high) we have a higher likelihood of entering into a multiple offer situation than we have seen in the last year or so.
We should see buyer activity remain high through the rest of the Spring and early Summer but it will likely tapper off as we head further into the year. So time is of the essence to some degree if you are looking to take advantage of the current market.
If you are a home buyer or someone thinking of buying a home this year, competition certainly is back.
When we find a home you love, you can expect that you will likely be competing with at least one other buyer.
But don’t fret, we have a bunch of high level negotiation strategies we can use to help you compete and win.
Also, if you have seen the news lately, you have probably heard of the NAR (National Association of Realtors) Settlement regarding agent compensation and transparency. I talk a bit about it in the video above (I believe around minute 5) but if you have any questions and or want to talk about it in more detail I am here.
And as always, if you are wanting to talk more about your Spring home buying or selling plans I am here for you. While this market is seeing higher activity overall, different areas/price points/style of homes have their own unique micro markets, so its important that we talk one on one about what you can expect based on your own needs. You can find my contact information below.
Milwaukie, OR was founded in 1847 and in 1962 was dubbed “The Dogwood City of the West,” a nickname proudly and officially pronounced by the City Council alongside the dogwood blossom, which was simultaneously declared the city flower. At the time it was said that Milwaukie was home to the oldest and largest Dogwood tree in the world. Though that particular tree no longer stands today, the city continues to celebrate its affiliation with this iconic tree and in 1985 even declared May 21st to be a city holiday—Dogwood Day. The city has an instagram account and encourages residents to celebrate their beloved neighborhood dogwoods (#milwaukiedogwood).
Another fun tidbit—Milwaukie is also the birthplace of the Bing cherry, arguably the most ubiquitous sweet cherry in the U.S.
Milwaukie, Oregon is rich with a variety of parks and green spaces that cater to the outdoor enthusiast, families, and individuals looking to connect with nature. Here are some notable parks in Milwaukie:
1. Milwaukie Riverfront Park: This scenic park sits along the banks of the Willamette River, offering stunning views and a tranquil atmosphere. It features walking paths, picnic areas, and a boat ramp, making it an ideal spot for leisurely strolls, picnics, and water activities.
2. Spring Park: Known for its lush greenery and picturesque setting, Spring Park is a popular destination for outdoor recreation. It has playgrounds, sports courts, walking trails, and a disc golf course (a popular Oregon pastime).
3. Dogwood Park: Nestled in a residential neighborhood, Dogwood Park is a charming community park with amenities for all ages. Visitors can enjoy playground equipment, sports fields, picnic areas, and a dog park, making it a favorite spot for families and pet owners alike.
4. North Clackamas Park: This expansive park offers something for everyone, from sports enthusiasts to nature lovers. It features athletic fields, tennis courts, a skate park, and walking trails, as well as a disc golf course and a BMX track. With its diverse range of amenities, North Clackamas Park is a hub of recreational activity year-round.
5. Century Park: Situated near downtown Milwaukie, Century Park provides a peaceful retreat from the hustle and bustle of city life. It features open green spaces, walking paths, and a playground, making it a serene oasis for relaxation and play.
6. Trolley Trail: While not a traditional park, the Trolley Trail deserves a mention for its significance in Milwaukie’s outdoor landscape. This scenic trail follows the path of the historic Portland Traction Company railway line, offering walkers, joggers, and cyclists a picturesque route through the city’s neighborhoods and natural surroundings.
In 2021, my life took an exciting turn as my husband accepted a position at Clackamas Fire, leading us to make the pivotal decision to relocate to Milwaukie, Oregon. Little did I know then that this quaint town nestled in the heart of the Pacific Northwest would capture my heart.
A multitude of factors drove our decision to move to Milwaukie. One of the primary draws was the promise of expansive lots, offering ample space for our family to thrive and grow. Coming from a bustling city, the prospect of a quieter community was incredibly appealing, providing a welcome respite from the hustle and bustle of Portland.
Accessibility was another key consideration in our relocation. Situated just south of Portland, Milwaukie boasts excellent connectivity, making it easy to commute to neighboring areas while still enjoying the tranquility of suburban living. Despite its proximity to the city, Milwaukie maintains its distinct identity, offering a unique blend of urban amenities and small-town charm.
One of the greatest joys of living in Milwaukie is its proximity to nature. The city is full of amazing green spaces and easy access to outdoor adventures like paddle boarding along the Willamette or floating the Sandy River.
For us, Milwaukie has become home and has offered the perfect blend of nature, space, and community.
MILWAUKIE, a city just outside of Portland in Clackamas County (with the exception of a small portion of the city in Multnomah County), is a suburb known for its larger lots, smaller town demeanor, and affordability as compared to surrounding neighborhoods. For a long time Milwaukie has had “up and coming” written all over it, a fate recently confirmed by the addition of the Milwaukie New Seasons, the development of which has long been viewed as a major indicator of increased investment in a community.
Another upcoming welcome addition to the neighborhood is pFriem Family Brewers, anticipated to open in April of 2025. For buyers looking for close proximity to amenities such as shopping, pubs, and eats, Milwaukie has often not been on the radar. With these two big changes to the city, Milwaukie’s reputation as being at a social remove is evolving alongside its desirability and housing costs.
Spring is here and whether you are laying low or taking a small road trip or grand vacation, it’s a great time to enjoy the great outdoors. For the last few months, we’ve been cozying up indoors with our loved ones, and now it feels good to get out! Take a look below at some fun ways to take a break this spring.
PORTLAND’S NATURAL AMENITIES
Portland proper and Oregon are teeming with amazing sites and sounds, thrills and natural beauty, great food, and fantastic entertainment. Oregon wine country, the mighty Pacific Ocean and majestic Columbia River Gorge, Mt Hood, and the high desert landscapes of central Oregon are just a handful of the wonders our state has to offer! No matter what outdoor adventure you have in mind, Portland is just a hop, skip, and jump away from all of these great destinations!
.
PORTLAND GARDENS
Looking for a fun getaway without actually leaving home?
Visit one of Portland’s gorgeous public gardens!
Trip Advisor has a fantastic list of twelve local gardens that are perfect for strolling,
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped hundreds of clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
SUNNYSIDE – A relatively small geographic area in Southeast Portland, surrounding Sunnyside Environmental School. Dense with character, color, flavors, vibes and great people, Sunnyside is an old-school neighborhood where the streets fill up when it’s sunny, gatherings pop up in the parks, 100 person bike rides cruise our streets. I really love it. My family has called this neighborhood home since 2009. Our kids grew up in the school classrooms, on the playgrounds.
Hawthorne to Stark, from the 20s to the 40s… There are only about 200 square blocks that can celebrate themselves as Sunnyside.
Sunnyside Environmental School – As a Sunnyside parent, I have endless gratitude for the teachers and staff at SES. They are advocates, friends, guidance counselors and some of the most inspired and committed people I’ve known.
Powell’s Books and the other Hawthorne shops have been on our weekly circuit for 15 years.
Restaurants: Indian & Lebanese bites, killer pizza & fried egg sandos, Turkish coffee & acai bowls. All the goodies…
Since 2009, our family of four has been digging into delicious meals all over Sunnyside, Portland – we’ve tallied up around 640,000 of them! From cozy cafes to mom-and-pop joints, we’ve found our favorite spots for every occasion. Whether it’s a laid-back lunch or a special dinner out, these restaurants aren’t just places to eat – they’re where we’ve shared laughs, caught up with neighbors, and enjoyed some seriously tasty grub. Here are just a few of my family’s favorite places to eat in Portland’s Sunnyside neighborhood.
Located at the corner of SE Belmont and 34th, Hoda’s is more than just a restaurant; it’s a slice of home for those seeking comforting Middle Eastern flavors. From the first bite of their falafel to the last taste of their lamb shawarma, each dish feels like a warm embrace. But it’s not just the food that keeps drawing us back – it’s the hospitality and sense of community that radiates from every corner of Hoda’s. In a city known for its culinary scene, Hoda’s stands out as a place where you’re not just a customer, but a cherished guest welcomed with open arms.
Opening in early 2022 and located at the corner of SE Belmont and Se 29th, Bluto’s brings the vibrant flavors of Greece to the Pacific Northwest. With an eclectic menu showcasing traditional Greek dishes with a modern twist, every bite at Bluto’s is a delightful journey through Mediterranean cuisine. But it’s not just about the food – Bluto’s warm and inviting atmosphere creates a dining experience that’s both comforting and unforgettable.
Pad Thai Kitchen serves up authentic Thai cuisine that’s as flavorful as it is comforting. With traditional dishes like Pad Thai and Green Curry, ensuring each bite is exceptional. Beyond the food, its cozy atmosphere and consistently friendly service make it the ideal spot for a taste of Thailand in Portland. Whether you’re a Thai food enthusiast or simply seeking a satisfying meal, Pad Thai Kitchen provides an unforgettable dining experience that keeps patrons returning for more.
Waffle Window is a family-friendly spot, perfect for breakfast enthusiasts and sweet-toothed patrons. Since its inception, it has served up creative waffle creations, from classic Belgian waffles to indulgent savory options. With its cozy atmosphere, friendly service, and grab-and-go options, Waffle Window offers a memorable dining experience for families to enjoy together.
The Hazel Room isn’t just a restaurant; it’s a cozy spot for tea lovers and those seeking meaningful conversations. With its welcoming atmosphere and comfortable surroundings, The Hazel Room is the perfect place to unwind with a cup of tea and engage in unhurried chats. Offering a diverse selection of teas, from classic blends to unique herbal varieties, there’s something to suit every taste. Whether you’re catching up with friends or enjoying a quiet moment of reflection, The Hazel Room provides the ideal setting.
Harlow serves delicious plant-based cuisine, catering to health-conscious foodies. Since its inception, the restaurant has been dedicated to crafting vibrant, nourishing dishes using locally-sourced, organic ingredients. From hearty grain bowls to refreshing smoothies, each menu item is carefully crafted for a satisfying dining experience. Whether you’re a devoted vegan or simply looking to add more plant-based meals to your diet, Harlow offers a diverse menu to suit all tastes. With its cozy atmosphere and commitment to sustainability, Harlow invites diners to enjoy the flavors of the Pacific Northwest while nourishing both body and soul.
Straight From New York Pizza (SFNY) is a local favorite for those craving a taste of authentic New York-style pizza. Whether you’re looking for a whole pie to share with friends or a quick slice on the go, SFNY offers both options to satisfy your cravings. With a deep menu boasting a variety of toppings and specialty pizzas, there’s something for everyone. With its commitment to supporting local businesses and neighborhoods, SFNY not only offers delicious pizza but also contributes to the vibrant community spirit of Portland.
As a Sunnyside parent, I have endless gratitude for the teachers and staff at SES. They were advocates, friends, guidance counselors and some of the most inspired and committed people I’ve known.
From the early days, SES was built with focus; children are pushed to develop the academic and social-emotional skills that lead them to be critically conscious, curious members of the larger community. Interconnectedness and environmental justice are core to the school’s philosophy. Read more about their mission HERE.
Multiple vintage theaters flank the Sunnyside neighborhood. And there’s no way you don’t run into others from the ‘hood at the Baghdad, Laurelhurst or Cinemagic while you’re there. McMenamins has spent decades preserving old Portland buildings with theaters and legacy bars like Greater Trumps. Old Portlanders will complain about the fries (or the price of the tots), but the spaces are as much a part of Portland as the White Stag/Old Town sign.
At the heart of the Alberta Arts District, there is access to some of Portland’s most exciting establishments. Concordia and Vernon, the two neighborhoods that make up the majority of the Alberta Arts District, are the perfect neighborhoods for the active urbanite. Concordia ranks 34th and Vernon 15th most walkable neighborhood in Portland and has an average Walk Score of 83. Residents can walk to more than 25 restaurants, bars, and coffee shops within five minutes.
THE MARKET
Currently, with 34 total properties on the market, Concordia/Vernon is Northeast Portland’s hottest neighborhood. This aligns with recent real estate trends, as the market continues to heat up during the transition into spring. The average prices for Concordia/Vernon have a median list price of $499,900 and 15 days on the market.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped hundreds of clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
Welcome to March Magic for Bird Lovers in Portland! As the city gears up for spring, it’s the perfect time to transform your backyard into a haven for wild birds. Whether you’re a seasoned birder or just starting out, here’s your ultimate guide to attracting and feeding wild birds in Portland during March.
1. Choose the Best Bird Feeders
Selecting the right feeders is key to attracting diverse bird species to your backyard. Tube feeders cater to smaller birds like finches and chickadees, while platform feeders are ideal for ground-feeding species such as sparrows and juncos. Don’t forget suet feeders for woodpeckers and nuthatches!
2. Opt for Nutritious Bird Food Blends
Offer a diverse menu to entice various bird species. Invest in high-quality birdseed blends containing sunflower seeds, millet, and cracked corn. Black oil sunflower seeds are a favorite among many backyard birds, while nyjer seed attracts finches like goldfinches and pine siskins. Backyard Bird Shop is one of my favorite local resources for all things bird-related.
3. Provide Fresh Water Daily
Even in chilly March, wild birds need access to clean water for drinking and bathing. Invest in a birdbath or shallow dish and ensure it’s filled with fresh water daily. Consider adding a heating element to prevent freezing during cold spells, ensuring year-round water access.
4. Create Shelter with Native Plants
Native plants provide essential shelter and habitat for wild birds. Plant native shrubs and trees like Oregon grape, serviceberry, and Pacific wax myrtle to offer protection from predators and additional food sources.
5. Maintain Cleanliness for Bird Health
Regular maintenance is crucial for the health of your avian visitors. Clean feeders and water sources regularly to prevent disease spread. Remove moldy or spoiled food promptly, and keep the feeding area clean by raking up fallen seed hulls and debris.
6. Be Patient and Observant
Attracting wild birds requires patience and observation. Spend time observing bird behavior from a distance to avoid disturbance. Keep a journal to record species encounters and track their visits over time.
Conclusion
As March brings longer days and warmer weather to Portland, it’s the perfect time to welcome back our feathered friends. By following these tips for attracting and feeding wild birds in your backyard, you can create a sanctuary that brings joy and wonder to your life. Get ready to embark on a birding adventure right in your own backyard!
Spring isn’t on its way… it is fully here. At least within the world of real estate.
New listings went up by a whopping 89% last month.
With pending sales trailing behind with an increase of 14%.
Sold home activity decreased by 15%. Though that is more exemplarily of the market we are coming out of as sold home data, by its nature, always lags.
We did see home inventory go up to 3.2 months which is great news for home buyers who have been waiting to see more options hit the market!
Here is what I am seeing in the market and hearing from other realtors:
It’s HOT out here.
One realtor in my office mentioned a listing her clients wrote an offer on that got 7 offers and she estimates that the home went pending at at least $50,000 over asking.
Another realtor mentioned 30+ parties coming through her listing.
Not every listing is getting this level of activity but it does show that we are heading in the right direction towards a hot market.
Here’s how you can make the most out of this new market as a future home seller:
Price is going to be key.
As the market heats up, it will be tempting to list your home at your ideal dream price. But while things are getting competitive on the buyer side, not every listing is getting intense action.
It is really key that we price your home at a price that works for you, but also entice buyers and gets the most amount of people through your door.
We want your house to be the one that gets 30+ showings.
We will also implement a high-level strategy for marketing (this is where I come in) and a strategy to properly prep your home so it shines.
Here is how you can be successful as a buyer in this new market:
Preparation, education, and strategy will be key.
If you are reading this email you are already doing great when it comes to the preparation and education portion.
Having a high level of knowledge about market trends will be extremely helpful.
And the same thing goes when it comes to preparation. Getting your finances in order with a lender before shopping will be needed in this fast-paced market.
And then strategy. As we enter a market where you may write an offer on multiple homes before getting an accepted offer, it’s important that we set expectations of this new market reality and that we are being super strategic about what homes we look at and how we write our offers.
If you want to talk more about your 2024 home buying or selling plans I am here for you. While this market is seeing higher activity overall, different areas/price points/style of homes have their own unique submarkets, so it’s important that we talk one-on-one about what you can expect based on your own needs.
Contact me below and let’s co-create your custom home buying and or selling strategy.
This delightful, updated Craftsman could be yours in one of Portland’s most popular neighborhoods: Sellwood!
Offered at: $892,000
4 beds | 2.1 baths | 2507 sf (2250 above ground!)
5000 sf lot
Light-filled living room with charming leaded glass accents opens to a lovely formal dining room. Chef’s kitchen with quartz counters, butler’s pantry, breakfast nook, and induction range. A bedroom/den/office and sweet updated powder room (with room to expand!) round out the main floor.
The full-height, second level features a spacious primary suite, laundry closet, a second full bath, two additional bedrooms, and a fun bonus space for hobbies, lounging, exercising, or general rumpus room activities! Warm fir floors on the main, and cherry hardwood floors upstairs.
Many great updates including paint (interior and exterior), plumbing and electrical updates, new kitchen windows, new interior doors, new A/C, and a new 50 gal water heater. Peaceful backyard with grape arbor, mature asparagus, raised beds, patio, and a new fence.
Blocks to New Seasons, shops, restaurants, waterfront, and all the cuteness Sellwood has to offer! Walk Score = 94, Bike Score = 99
In Portland, Oregon, where creativity thrives and individuality is celebrated, the journey of a homebuyer can mirror that of the humble hermit crab, hunting for a shell along the rugged Oregon coast. As Portlanders embark on their house-hunting adventures, they can draw inspiration from the coastal creatures that navigate their surroundings in search of the ideal shell. Here’s what Portland home buyers can glean from the wisdom of hermit crabs:
Embrace Unconventional Spaces
Much like the eclectic spirit of Portland’s neighborhoods, hermit crabs are known for their ability to thrive in unconventional spaces. They’re not bound by traditional norms and are willing to explore hidden gems tucked away in unexpected corners. Portland home buyers, too, can embrace the city’s diverse architectural landscape, considering everything from cozy bungalows in Alberta Arts District to mid-century gems at the base of Mt. Tabor, each offering its own unique charm and character.
Size Isn’t Everything; Character Counts
In a city where individuality reigns supreme, Portlanders understand that size isn’t everything when it comes to finding the perfect home. Just as hermit crabs prioritize shells with character and charm over sheer size, Portland home buyers appreciate the quirks and nuances of older homes with history and personality. From craftsman cottages adorned with lush gardens to modern masterpieces nestled in the hills, it’s the character that truly makes a house feel like a home in Portland.
Location with a Dash of Quirkiness
Portland’s neighborhoods are as diverse as they come, each with its own distinct vibe and personality. Whether it’s the bustling energy of Southeast Division Street or the laid-back atmosphere of Laurelhurst, Portland neighborhoods reflect the unique interests and lifestyles of the people who live there. Like hermit crabs scouring the coastline for shells in prime locations, home buyers in Portland seek neighborhoods that offer a perfect blend of convenience, community, and, of course, a dash of quirkiness.
Embrace Sustainability and Green Living
Portland has long been recognized as a pioneer in sustainability and green living practices. Just as hermit crabs instinctively understand the importance of protecting their environment, Portland home buyers are drawn to eco-friendly homes that minimize environmental impact and promote sustainable living. Whether it’s a LEED-certified home in the Hawthorne District, or craftsman with a 10/10 energy score in Sellwood, Portlanders are committed to reducing their carbon footprint and preserving the natural beauty of the Pacific Northwest.
Lean on Local Experts
In a city where local expertise and community connections are highly valued, Portland home buyers can benefit from leaning on the knowledge and guidance of a local real estate professional who knows the ins and outs of Portland’s diverse neighborhoods. Whether you’re new to town or just new to the neighborhood, it can be helpful to work with a Realtor who’s familiar with all parts of the metro area, and sees the big picture of the competitive market.
In the end, just as hermit crabs find sanctuary in the perfect shell, Portland home buyers can find solace and belonging in a place they can truly call their own. With a spirit of adventure, a dash of quirkiness, and a deep appreciation for all things unique, Portlanders can embark on their house-hunting journey with excitement and optimism, knowing that the perfect home is waiting to be discovered in the heart of the Rose City.
Looking for Portland homes for sale? Whether you’re in search of Portland real estate tips, lender connections, or a Realtor who can be your expert guide to the city, I’d love to help. Reach out today!
No one knows for certain what 2024 has in store in the world of real estate. But in the video above we discuss a few widely predicted trends.
Here are a few highlights:
Interest rates are already trending downwards (whoohoo).
With this we are already showing higher motivation from home buyers which will continue to increase.
Hopefully, this means we will also see higher motivation from home sellers (as sellers notice the higher demand from buyers). Leading to more homes and more options to the market.
Meaning we can predict an active Portland Oregon Real Estate Market for most of 2024. We could potentially see the market slow down in the second half of the year, if we follow trends from past election years.
Want to discuss your potential home buying or home selling needs for 2024? I would love to connect. Reach out and we can set up a time.
You can contact me below or reach me at lily@lilyrayres.com.
As we bid farewell to 2023 and embrace the opportunities that lie ahead, many are considering significant life changes. For some, this includes buying or selling a home. Whether you’re a prospective buyer or seller, setting New Year’s resolutions can help guide you toward a successful real estate journey in 2024. Here are three resolutions that can pave the way for your real estate dreams to become a reality.
Resolution 1: Define Your Dream Home Criteria
Embarking on a real estate journey without a clear vision of your dream home can be overwhelming. This year, make it a priority to define your criteria. Consider factors such as location, size, style, and amenities that matter most to you and your family.
Reflect on your lifestyle, future plans, and any specific needs or preferences. Are you looking for a midcentury ranch with space for entertaining? A charming bungalow with coffee shops nearby? By identifying your priorities, you’ll streamline your search, making the entire process more efficient and enjoyable.
Research neighborhoods, visit open houses, and explore different property types to gain insights into what resonates with you. As you refine your vision, you’ll be better equipped to communicate your preferences and narrow down options that align with your dream home.
Resolution 2: Set Clear Financial Goals and Budgets
Financial planning is a key aspect of any real estate endeavor. Whether you’re saving for a down payment, assessing your affordability, or planning for home improvement projects, setting clear financial goals should be a top priority.
Start by creating a realistic budget that considers not only the property’s purchase price but also additional costs such as closing fees, moving expenses, and potential renovation costs. If you’re selling, determine your ideal selling price and calculate potential profits or losses. Being financially prepared will not only streamline the process but also alleviate stress during the buying or selling journey.
If you’re not sure where to begin, talking with a financial planner and a lender is a great first step. I’m always happy to recommend resources. Don’t hesitate to send me a message.
Resolution 3: Connect with a Real Estate Agent
Having a knowledgeable and experienced professional by your side can make a world of difference. Make it a resolution to find and collaborate with a reputable broker who understands the local market intricacies, has a proven track record, and can guide you through the complexities of a transaction.
A skilled agent can help you navigate negotiations, provide valuable market insights, and ensure a smooth process from start to finish. Their expertise can be particularly beneficial for first-time buyers or sellers, making your real estate journey more efficient and less stressful.
Interested in chatting more? Whether virtually or over a cup of coffee/tea, I’d love to talk more about how I can best serve your needs as a buyer/seller.
Embarking on a real estate journey in the new year is an exciting opportunity for growth and change. By setting these three New Year’s resolutions—defining your dream home criteria, setting clear financial goals, and working with a professional real estate agent—you’ll position yourself for success in achieving your homeownership or selling goals in 2024.
Here’s to a year filled with exciting real estate opportunities and the fulfillment of your housing dreams!
This holiday season I promised myself that despite the typical holiday chaos, I would try to take some time for myself and do something fun that I’d been putting off. Binge watching the Great British Bake Off inspired me to finally attempt some Peppermint Meringues I’ve always wanted to try making. They ended up being super easy and delicious! I’m looking forward to taking this newly acquired meringue expertise to the next level by attempting a Boccone Dolce made of meringues, fruit and whipped cream. Yum! If I can master this in time for a birthday party I’m hosting, it would be such a win!
If you’ve been putting off something fun (i.e. baking) or maybe even something not so fun (i.e. changing your furnace filter) getting these little projects done before the 1st of the year can lead to some good momentum as we head towards New Years Resolution time.
If you have bigger projects on your resolution list, like buying or selling a house, I’d be happy to help you accomplish that goal by breaking that down into manageable steps. As with any project, baby steps (i.e. Peppermint Meringues) can be stepping stones to achieving the bigger goal (Boccone Dolce for that upcoming birthday party!).
Wishing you success on whatever is on your New Years Resolution list. May your accomplishments bring you peace and joy in the New Year!
Buying a home is an exciting milestone that can represent a step towards stability, investment, and creating a space that truly feels like your own. However, navigating the intricate process of home buying can often feel like a daunting task, filled with complex procedures, paperwork, and unfamiliar terms. Knowing where to begin, and how the process is going to unfold, can feel overwhelming.
Whether you’re a first-time homebuyer, looking to upgrade or downsize your current home, or you’re ready to invest – refreshing your understanding of the steps involved can make all the difference. The same is true in working with someone you trust to guide you through the process. A Realtor’s job is to provide you with the knowledge and confidence to make informed decisions throughout each stage of the journey, and most importantly, to negotiate on your behalf to ensure you reach your goals and vision.
Below is a simplified view of the home buying process. It details what you can expect along the way to a smooth and enjoyable experience.
Ready to explore buying or selling a home? I’d love to hear more. You can reach me at kelsey@livingroomre.com, @kcb_portland or 971.371.0203.
I am so excited to welcome my clients Patrick & JoAnne home to their beautiful new house in SW Portland!
These clients began with a clear vision, searching for the perfect Westside house that they could call home. The initial excitement led us to some incredible houses, & after a promising start with a house that caught their hearts, reality hit hard when our first offer wasn’t accepted. Undeterred, we continued our search, evolving our criteria & areas of interest to focus on move-in ready one-level homes.
We saw some more great properties & wrote a couple of additional offers but nothing quite compared to that first house. Through it all, these two kept their spirits high & never gave up on the dream of their perfect forever home.
And then, finally, WE FOUND IT! We stumbled upon a property that checked nearly every box on their original list. The excitement was palpable & we knew that we had to act fast to beat the strong competition for a coveted one-level home. While the property had been sitting on the market for a while, it had just had a significant price reduction, so we knew it was an opportunity we couldn’t ignore.
Negotiations began & my team & I worked tirelessly to secure the deal. The outcome was worth every moment of anticipation. Not only did my clients get more home for their investment compared to previous contenders, but they also gained an incredible backyard space with a pool! This home was well worth the wait & Patrick & JoAnne are ready to settle in.
This transaction was a testament to the power of resilience, strategic planning, & teamwork. Consistent communication with the listing agent was crucial, from initial negotiations to repair discussions & wrapping up the final details. We also made sure that we were timely in scheduling showings to ensure that we were some of the first through the door. And when we found the one, we acted fast, gathering info & building our strategy as a team.
I am so honored to be a part of this incredible chapter in Patrick & JoAnne’s lives. Now they just have to wait patiently for summer to come so that they can host their first pool party! Congrats to this amazing couple!
Current real estate market conditions have made home affordability tough.
But with it always being my goal to provide well-rounded information about current real estate conditions so you can make empowered decisions, let’s talk about the opportunities in today’s market.
Home prices are generally lower:
Just yesterday I got a first-time home buyer under contract on a townhome. Looking at comparable properties, back in May a home with the exact same specs in the same community sold for over 30k more.
Oh, and we also got the buyer a closing credit paid by the seller to temporarily lower his interest rate.
Speaking of which…
Seller-paid closing credits:
On the majority of transactions I have helped buyers with this year, we have been successful in negotiating a large credit paid by the seller to cover a portion of the buyer’s closing costs and or temporarily buy down the buyer’s interest rate.
Contractor response time:
Right now booking inspections and contractor appointments in a timely manner has been highly dependable. With the market being generally slower, inspectors and other contractors have way better availability than super hot markets. This week we got two sets of buyers under contract and I was able to get their inspections scheduled for the next day in both cases.
This might seem like a small benefit, but getting to know the condition of the home you are buying the next day vs waiting a week is a huge stress reliever and allows us more time for fact-finding and negotiating.
Better negotiating power:
With homes sitting on the market for longer periods of time it’s made home sellers more willing to negotiate with home buyers on things like contract terms and repair needs.
You can hold on to your contingencies: In past real estate markets when things got super competitive for home buyers they became pressured to give up certain contingencies in order to win the home.
Look the best time for you to buy a home is when you are ready.
But if you are waiting to buy until interest rates drop, just know that so are 66% of other home buyers according to a US News Survey. So it could be worth us having a conversation about the opportunities in today’s market.
Either way, I am here for you. If you would like to discuss what it would look like to buy a home this winter or in 2024 I am here for you.
Come see this charming ranch with the perfect open layout. Large east facing windows flood the living space and kitchen with light in the mornings. Cozy eat in kitchen nook for morning coffee and taking in the neighborhood activity. This home has fresh exterior paint, new heat pump for heating AND cooling, and a new roof. Beautifully renovated kitchen and bath with an eye toward retaining its period charm. Sweet vintage range in excellent condition and countertops made from reclaimed wood from the house. So much has been done on this home and there are a few projects left for you to add your personality. Fully fenced side yard, partial basement with access through garage. Large attached one car garage off kitchen has potential for future expansion. Corner lot has possibilities for adding on or ADU, buyer to do their own due diligence. Excellent location close to Alberta, Mississippi, Williams and Fremont business districts.
2 bed | 1 bath | 1238 sq. ft.
MLS# 23431614 | Taxes: $2,389.85 | Lot Size: .10 Acre
I love helping clients achieve their dreams of home ownership. But the land I practice real estate on has a painful history. It was stolen from Indigenous communities through colonization and displacement. The history of real estate is riddled with systemic racism that has resulted in housing disparities in our communities. Acknowledging past (and current) oppression on the land we realtors work on is important. So is using our power and influence to actively contribute to just society and a more inclusive and equitable future.
Acknowledgment Matters
Have you incorporated a land acknowledgment statement into your realtor profile or website? Land acknowledgements aren’t just symbolic. They’re a powerful step towards reconciliation and change. As realtors, we make a living helping folks buy and sell property. Thus, it’s important to recognize the history of racism (and sexism, homophobia, and transphobia) in this industry and pay tribute to the Indigenous peoples who have cared for this land for centuries.
The Portland Metro area rests on the ancestral lands of the Cowlitz, Multnomah, Kathlamet, Clackamas, Tumwater, Tualatin Kalapuya, Wasco, Molalla, Watlala, Bands of the Chinook, and so many other nations who made this area their home. In addition to the federally recognized tribes mentioned, there are numerous “unrecognized” tribes and Indigenous groups whose stories are also important.
Acknowledging our failures and flaws (collectively and individually) opens the door for us to do better.
Advocate for Change
As realtors, we advocate for our clients all the time. We can also advocate for policies and initiatives that address housing disparities and promote equitable access to housing for all. Whether marching in the streets, engaging in conversation with our clients/peers, or in lobbying elected decision-makers- even small actions turn the wheels of justice ’round.
Providing direct support to organizations that serve and uplift historically marginalized/oppressed communities is one way we as Realtors can address injustice. In Portland, we’re fortunate to have organizations like Native American Youth and Family Center (NAYA) and Q Center (among many others) doing critical work to build more inclusive and equitable communities. I give a portion of every paycheck to Taking Ownership PDX and donate to organizations and mutual aid efforts in my community. I’m proud to hang my license at Living Room Realty, a Certified B-corp. The brokerage gives 5 percent of annual profits to local charities.
Embrace Learning & Growth
No one gets it right all the time. That’s okay. We can all try to do better- as professionals in our industry, as members of our communities, and as human beings trying not to be assholes in our short stint here. Self-reflection is essential- as is being willing to show up authentically (and politically) in our professional lives.
As a broker body, we have a responsibility to understand the racist history of our industry, including redlining policies, discriminatory lending practices, and the displacement of communities of color. There are lots of resources to learn from- like this great podcast about the history of racism and housing discrimination in Portland. We should know whose land we’re on. Here’s a great resource, if you’re not quite sure.
Stronger Together
It can feel scary to advocate for progressive change in our communities, our cities, and our industry. Even though I’ve spent most of my adult life engaged in justice work, I still feel anxious putting posts like this out into the world. What if I get called out for not being radical enough? What if my words aren’t perfect? What if clients decide not to work with me? What if I lose followers on social media? What if my peers think I’m a joke?
As professionals in an industry very much rooted in exploitative capitalism, white supremacy, & colonialism, we as realtors can and should use our voices and privilege to support a more inclusive and equitable future. If a potential client doesn’t want to work with me because I’m vocal about those things- well, that’s okay. I’m not for everyone (and, they’re probably not for me).
Interested in talking more? I’d love to connect with other folks who are working towards positive change in our community. Reach out!
Exploring Multnomah Village: A Culinary Journey through Portland’s Charming Neighborhood
When it comes to Portland, Oregon, neighborhoods known for their unique charm, Multnomah
Village stands out as a gem. Nestled in the southwest part of the city, Multnomah Village offers
a delightful blend of small-town atmosphere and urban conveniences. One of its standout
features is the vibrant restaurant scene, making it a haven for foodies and a testament to the
neighborhood’s remarkable walkability.
**Multnomah Village: A Snapshot**
Multnomah Village, often referred to simply as “the Village,” is a tight-knit community known for
its tree-lined streets, independently owned shops, and a warm, welcoming vibe. But it’s the
dining options and walkability that truly make this neighborhood shine.
**A Food Lover’s Paradise**
Multnomah Village boasts a diverse array of restaurants and eateries that cater to a wide range
of palates. Whether you’re in the mood for international cuisine, comfort food, or farm-to-table
fare, there’s something to satisfy every craving.
1. The Ship Tavern: Start your culinary journey with a visit to The Ship Tavern, a beloved local
pub that exudes old-school charm. Their classic pub menu includes everything from hearty
burgers to delicious fish and chips, all best enjoyed with a local craft beer.
2. Thai Bloom: For those seeking a taste of Thailand, Thai Bloom offers a menu bursting with
authentic flavors and fresh ingredients. Their curries, stir-fries, and signature cocktails are not to
be missed.
3. Otto & Anita’s European Restaurant: Transport yourself to Europe with a visit to Otto &
Anita’s, where you can savor delectable German and Austrian dishes. From schnitzels to
strudels, it’s a culinary journey across the continent.
4. Nectar Coffee House: Start your day at Nectar Coffee House, where you can enjoy a
delicious cup of coffee and freshly baked pastries. It’s the perfect spot to meet friends or get
some work done.
5. The Renata: For a fine dining experience, The Renata offers an upscale Italian menu
featuring handmade pasta, wood-fired pizzas, and an extensive wine list. The elegant ambiance
makes it a great choice for special occasions.
**Exploring on Foot**
One of the most enchanting aspects of Multnomah Village is its walkability. The neighborhood’s
layout is designed to encourage strolling, and you’ll find charming boutiques, art galleries, and parks along the way. After a satisfying meal, take a leisurely walk through the Village and explore its hidden treasures.
Gabriel Park, adjacent to the neighborhood, offers a beautiful natural escape with walking trails,
a playground, and open spaces for picnics. It’s an excellent spot for a post-meal walk or some
outdoor relaxation.
The sense of community in Multnomah Village is palpable as you encounter friendly faces and
engage in casual conversations with neighbors and business owners. It’s a place where people
know each other’s names, making every visit feel like a warm welcome.
In conclusion, Multnomah Village in Portland, Oregon, is a neighborhood that combines the best
of both worlds: a lively culinary scene and a walkable community. Whether you’re a local
resident or a visitor, exploring this charming area will leave you with a taste of its unique
character and a strong desire to return for more culinary adventures and leisurely strolls. So, put
on your walking shoes and get ready to savor the flavors of Multnomah Village.
Hey Portland home enthusiasts! I’m here to demystify the world of septic tanks for you. Let’s dive right in!
What is a Septic Tank?
A septic tank is essentially a personal waste management system, a great alternative to the public sewer. It’s a passive strategy to separate floatable matter and solids from the wastewater that exits your home. The system comprises the tank itself and a drainage field. The tanks come in various sizes, accommodating different occupancy levels based on their storage capacity.
Maintenance: The Key to Longevity
A well-maintained septic tank can last a long time, requiring cleaning every 5-7 years and annual filter maintenance. It’s not just about longevity; it’s about fostering an environmentally friendly and cost-effective waste management solution.
Pros and Cons: What You Need to Know
While septic systems are eco-friendly and generally more affordable than sewer lines, they come with responsibilities. You need to be mindful of what goes down the drain to avoid system clogs and ensure regular maintenance to prevent drainage issues.
Inspection Insights: What to Expect
During a home transaction involving a septic system, it’s vital to locate, clean, and inspect the tank. This process, which can involve various costs, ensures the system is functioning correctly and helps identify potential issues that might affect the transaction.
Facing Issues: Solutions and Costs
If issues arise, they generally involve the tank or the drainage field. Solutions might include installing a new tank or drainage field, or hydro-jetting to improve drainage. These repairs can be substantial, ranging from $10-20+k, emphasizing the importance of a thorough inspection during the home buying process.
Connecting to the Public Sewer: An Alternative
If fixing the septic system isn’t feasible, connecting to the public sewer is an alternative, albeit a potentially costly one, depending on the proximity to the public sewer line.
Conclusion
Understanding the state of a home’s septic system is crucial when buying a home. It’s a significant aspect that can affect your home buying experience, and being well-informed can aid in making the best decision for you.
Dive into the video for a deeper dive into this topic!
Got questions or need advice on septic systems in your home buying journey in Portland? Feel free to reach out at 📞 503-303-0822 or 📧 hello@agentlivinginpdx.com. Let’s ensure your new home’s septic system is not a drain on your resources!
Finding the perfect house is a dream and people need space to explore what this looks like for them. The reality is there is no perfect house, but gaining clarity about what you want by visualizing your ideal place is an essential part of the home buying process. I pride myself on helping clients create space for this inquiry because when we dream, we can act in service to our deepest values.
Prioritizing the features in a home that matter most and are unchangeable helps us create a roadmap to finding the right house within the budget, instead of chasing a unicorn. Plans and needs change and so can your house. When you select your home with your core needs in mind, there is a greater likelihood that your home can adapt alongside you.
I have inhabited many different eras of homes in my own house journey, which started in north Portland with a 1920s Piedmont bungalow. I was in my early 20s with my husband and a newborn. We spent 4 years on renovations and moved on right after they were complete. From there, we enjoyed the ease of new construction in Scappoose with our two kiddosuntil we returned to Portland to renovate a 1940s home. This time, we had more experience and renovated in an order that allowed us to enjoy the paradise we were creating in Roseway, but life changed and we picked up and moved to a quieter pace in the land of mid-century homes on large lots — Milwaukie. We knew this was the house we planned to stay in long term and we thought our years of renovating were over, so we bought a nicely remodeled 1960s ranch in the Oakridge Neighborhood. But renovation is in our blood; turning that off is very hard. When I tour homes, I instantly see the roadblocks and the possibilities and start looking at how to solve or improve them.
We found the house knowing we would need to recreate the backyard oasis we had created in Roseway, but this desire blossomed into so much more. This project quickly became one we knew would be too large for my husband and I to take on ourselves. My husband Greg has remodeled every one of our projects – man, did he deserve a break – time, bandwidth, and willingness were depleted. This project was the first one that involved an addition to the house, so for the first time, we looked into hiring a designer and having the work professionally done. I learned so much along the way, adding one more layer of knowledge to help clients. The project kept growing, and we endured delays and surprises as you do in any project, but the stress was low because we trusted our contractor at the highest level and knew we were in great hands. This project was so different from past ones because we knew this was the home we planned to grow old in and pass on to the kids. Knowing this, I allowed myself to dream and made design choices with more self-expression than in past homes where we knew we would eventually move on. Searching for the right products and tweaking options to create the best space we felt was possible became an obsession. I reactivated a more creative side of myself lost through the years. This creative side I allowed myself to have, combined with my knowledge of homes and design, was a perfect recipe to create our dream space.
Delightful Victorian with hardwood floors and original molding. Features include three upstairs bedrooms, formal entry with open staircase, spacious kitchen, cozy living room with Waterford gas heating stove, dining room with breakfast bar. Picture window in main floor bonus room looks out onto the lush backyard and with mature landscaping, deck and studio. Full baths on main and upper floors. New carpet, high efficiency forced air gas furnace, new sewer and water lines. Full basement offers ample storage. Sunny south-facing front porch. Backyard habitat certified. Located in a walking and biking paradise with restaurants, coffee shops, grocery stores, parks, and more. Walk score of 91! Don’t miss out on this gem!
3215 SE Taylor St., Portland / 3 bedrooms, 2 bathrooms / 2,000 total sq. ft.
I am thrilled to share a success story. It’s the story of Amanda and Shiv, a determined couple who embarked on a house hacking journey with dreams and a clear vision in their minds. Let’s dive into their journey!
The Dream: House Hacking in North Portland
Amanda and Shiv had been on the lookout for a golden house hacking opportunity for over a year. For those new to the term, house hacking involves buying a multi-unit property, living in one unit, and renting out the others to offset your mortgage. It was a dream they nurtured, and I had the privilege to guide them in this journey, equipped with my custom deal calculator to run the numbers meticulously.
The Find: A Duplex with Potential
Our persistent search led us to a promising duplex in North Portland. A place that whispered potential and promised a positive cash flow in just the second year! Yes, it required a bit of a nudge to enhance the rents, but nothing too daunting.
The Victory: Winning Against the Odds
In the competitive Portland market, we found ourselves up against another eager offer. But Amanda and Shiv had a winning spirit, and guess what? We won, securing a place that was more than a house; it was a canvas of opportunities.
The Inspection Period: A Time of Diligence
Entering the inspection period, we rolled up our sleeves, ready to delve deep into every nook and cranny. We scrutinized the property’s financials, keeping an eagle eye on the major issues. Our diligence paid off, securing a substantial $7,500 towards a new roof and a comforting home warranty to boot.
The Closing: A Happy Beginning
As we neared the closing, the joy was palpable. Not only did we secure the home, but we also managed to get a generous $9k in closing costs. Amanda and Shiv were all set to move into their new abode, ready to infuse it with their personal touch, one improvement at a time.
Conclusion
Today, Amanda and Shiv are happily settled in their unit, gradually transforming their space while enjoying the benefits of house hacking. Their story is a testimony to what determination, the right guidance, and a bit of house hacking savvy can achieve. Here is what they had to say:
Will was super helpful throughout the entire home buying process. He has a lot of knowledge about different types of housing options and knows the Portland area really well. He wants his clients to feel good about their purchase and we definitely do.
Inspired by Amanda and Shiv’s story and keen to start your own house hacking journey in Portland? Reach out to me at 📞 503-303-0822 or 📧 hello@agentlivinginpdx.com and let’s turn your home buying dream into reality!
Ever find yourself stuck in a loop, analyzing every little detail while hunting for your dream home? Well, I’ve got a golden rule to share with you that might just be your game-changer: The 85% Rule. Let’s dive into it!
What is the 85% Rule?
In the home-buying journey, it’s easy to get caught up in the whirlpool of options and details, leading to what we call ‘analysis paralysis’. This is where the 85% rule comes into play. It’s a simple yet fantastic rule to guide you in making decisive actions.
How Does it Work?
The rule is pretty straightforward. When you’re looking at potential homes, aim for one that meets about 85% of your criteria. Yes, it doesn’t have to tick every single box on your list.
Why 85% and Not 100%?
Here’s the thing, finding a home that has 100% of what you’re looking for is like finding a unicorn – it’s a beautiful thought but nearly impossible. Even those who have had their homes custom-built find themselves wishing for changes five or ten years down the line.
Embrace the Imperfections
Remember, it’s absolutely okay for a home not to be perfect. What matters is that it’s perfect for you at this moment in your life. The small imperfections? They are opportunities for you to add your personal touch down the line.
Conclusion
So, the next time you find yourself stuck in the home-buying process, remember the 85% rule. It’s not about settling for less; it’s about embracing a home that meets most of your needs and holds the potential for you to make it truly yours over time.
Reach out to talk further now!
📞 Call Me – (503) 303-0822
✉️ Email Me – hello@agentlivinginpdx.com
Drop-dead gorgeous 4-level American Foursquare Craftsman home on idyllic corner of Colonial Heights. A lovely and inviting wrap-around front porch and glass door greets each guest. Once inside, an abundance of natural light brings warmth to the elegant main floor living and dining spaces. Vintage elements, such as pocket doors, leaded glass windows and an open stairwell blend seamlessly with the new hardwood floors and restored central mantle. The gourmet kitchen by Neil Kelly has great flow and features a cook’s island, designer hood, and high-end appliances. The 4th floor, remodeled by Hammer and Hand, has a walk-in closet and views. Brand new roof and sewer line, zoned heat and A/C and added insulation make this home a smart choice. Rare find for star-gazers with an Astro-Shack out back, a must-see. Location simply can’t be beat! In the heart of Colonial Heights, this home is situated ideally in-between Hawthorne and Division along a tree-lined bike boulevard, a short distance to Ladd’s Addition, Sewallcrest Park, shopping, dining, in a quiet yet lively pedestrian and bike friendly area.
Restored Mantle , New Hardwoods, Tons of Natural Light
Original features such as leaded glass windows, pocket doors, open stairwell
Gourmet cook’s kitchen by Neil Kelly with high-end appliances
Primary Suite on 4th floor by Hammer and Hand with ensuite bath and walk-in closet
Primary Bath with Large Walk-in Shower
Wrap-around Porch Overlooks Lush Landscaped Yard
Beautiful patio, garden beds, garden shed, established landscaping, and fountain
Side-by-side off-street parking
Astro-Shack designed for star-gazing, roof opens with a pulley system!
Ideally located in the heart of Colonial Heights, a pedestrian and bike friendly area
4 bed + office | 3.5 bath | 3,148 sq. ft. MLS#23491418 Taxes: $9,339.60 | Year Built: 1906 | Lot Size: 0.12 acres
You’re St Johns homestead dreams have arrived! Custom finishes throughout makes this home anything but basic. Enjoy your morning coffee off either of the cozy balconies or walk down to your garden oasis. Separate downstairs living area provides the perfect opportunity for extended family/friend visits.
Offered at $565,000
4 bed | 2 bath | 2288 sq. ft. MLS# 23027270 | Taxes: $5,282.00 Lot Size: .19 Acre
Every time I head to a new city or even just a new part of town, I make finding a great coffee shop the first order of business because there’s no better starting point for understanding the local community, no matter where you are. When you visit the St. Johns neighborhood, you’ll notice life moves a tad bid slower and that’s a good thing. The coffee shops are alive and bustling with folks working, unwinding, socializing and connecting.
And with the University of Portland just down the street, you’ll find University students regularly taking advantage of these great study spots.
Coffee shops are special because they reflect the atmosphere of the neighborhood and St. Johns is fortunate to have many unique and vibrant coffee shops which makes choosing just one very hard! A good problem to have :)!
This café feels like the heart of St. Johns. A popular meet-up spot as well as a great place to work or unwind with a snack. They roast great coffee and have other nice choices like kombucha and teas. The room has high ceilings and plenty of seating which gives it such a lovely and classic café feel. Locally famous for their next-level breakfast sandwich made with chimichurri or romanesco, and can be made vegan. Delicious and addictive! Also, you’ll find the classic pastries, cookies and bagels you expect from a great café. Don’t miss the local art on the walls!
Two Strokes Coffee is a moto-inspired coffee shop on the main drag of St. Johns, conveniently located next to a cool motorcycle & scooter shop called Sabatino Moto. This is a really fun cafe to visit and a great place to hang out. They serve wonderful coffee, pastries and have great baristas. There are a few motorcycles in the café and some stylish merchandise as well.
Sparrow Bakery is well known for incredible baked goods. They have 2 locations (the other is in Bend Oregon) and do wholesale baking for many other cafés. We are so lucky to have them in St. Johns! Sparrow makes great coffee and fabulous baked goods- I feel like it is a full-time job trying not to eat their pastries every day :). They are perfection! Plus there’s a large food menu making it a great spot for breakfast or lunch.
This one isn’t technically in St. Johns but I just had to add it! It’s officially in the Cathedral Park neighborhood (hence the name), but it’s verrry close to downtown St. Johns. Cathedral Coffee is an eclectic cafe that is always busy but never feels crowded. A beautiful large space with big windows, natural light, tall wood bookshelves & large tables. They roast their own coffee and bake their own sweets & savories, which are fabulous!
I highly recommend the foldovers they make with veggies and cheese (some have meat). They are fantastic and always fresh! And the cinnamon rolls are incredible. Many wonderful baked goods to choose from.
They also have plenty of great outdoor seating!
What about St. Johns Real Estate?
One more note regarding this current real estate market. St. Johns has seen a steady increase in property values and demand over the past few years with the average home price this August landing at $470,000 (source RMLS). To put that in perspective, the average home price for all of Portland Metro was much higher by the end of this August at $608,300 (source RMLS).
If you’re considering the St. Johns neighborhood, I’m here to guide you.
I know the ins and outs of this neighborhood having lived here for more than 11 years. And, if you’re interested in other neighborhoods, that works too! I help people buy and sell homes all over Portland. I am known for my knowledge of the market and my ability to educate and listen carefully. You will benefit from my coaching heart and guidance that reduces stress and creates positive outcomes. I want to see you happy and satisfied with your real estate journey.
I look forward to helping to make your home purchase pleasant, painless and hopefully even a little fun!
Before you go, here’s a fun fact: Did you know that St. Johns was once its own independent city before it was annexed into the city of Portland? In 1915, St. Johns voted to become part of the city, primarily to access the city’s services and infrastructure. The annexation was officially completed in 1915, and since then, St. Johns has been a neighborhood within the larger city of Portland.
Let me share with you a heartwarming story from my recent adventure as a buyer agent, helping out my client, Jason, in the vibrant and competitive Portland real estate market.
The Quest for the Perfect Investment Property
Jason had a clear vision: find an investment property under $400k where he could not only live but also house hack. Now, you might be wondering, what is house hacking? It’s a savvy strategy where you live in one of the multiple units of your property and rent out the others, effectively reducing or even eliminating your housing costs. In Jason’s case, we were finding a single-family home for him to rent out multiple rooms.
In the bustling Portland market, finding a home in this price range meant facing stiff competition. But Jason had a secret weapon – his background in construction. He was ready and willing to roll up his sleeves and turn a fixer-upper into a dream home.
The Hunt and the Happy Find in North Portland
Our journey took us all around Portland, putting in several offers, and keeping our spirits high. Jason’s patience and determination paid off when we found “the one” in North Portland. Despite competing against four other offers, we came out on top, a testament to Jason’s vision and our strategic approach.
Navigating the Transaction with Expertise
Entering the transaction phase, we discovered a few hiccups — issues with the home that needed addressing. But guess what? They were manageable, and we tackled them head-on. From getting the seller to decommission an oil tank found during inspections to negotiating a sweet deal where the seller covered a whopping 11k in closing costs, plus adding a home warranty for that extra peace of mind.
A Happy Ending and a New Beginning
Fast forward to a month later, and we were at the closing table, all smiles and ready for Jason to start his new chapter. Now, with keys in hand, he’s busy adding not one but potentially two additional bedrooms, a move that could skyrocket the home’s value by over $50k.
Here is what Jason had to say about the Experience:
Will went above and beyond to help me find the right home for my budget. The home search, buying, and closing process was executed perfectly. I am confident that Will’s personality, local knowledge, and understanding of the client’s needs would be a perfect fit for anyone looking to purchase property. He went above and beyond gathering repair quotes from multiple contractors, negotiating closing credit, and handling the coordination between my lender, escrow, and my self. I will defiantly be reaching out to Will in the future for my next property purchase.
Ready to take the next step in your home-buying journey?
Feel free to reach out to me for personalized guidance and expertise. Whether you have questions or are ready to find your dream home in Portland, I am here to assist you every step of the way.
Hello, fellow Portlandians and prospective home buyers and sellers! It’s Will here, bringing you the latest scoop on the Portland real estate market as we step into September 2023. Buckle up as we dive deep into the current trends, predictions, and some golden advice for both buyers and sellers in the vibrant Portland market. Don’t forget to hit that like and subscribe button for more real estate insights!
Current Market Dynamics
First things first, let’s talk numbers. The interest rates have been hovering around the mid to low-sevens, and while core inflation has ticked down slightly, the overall inflation has seen an uptick. The median sales price has decreased by about 2.7% compared to last year, and we are witnessing a competitive market in the $300,000 to $700,000 price range.
Predicting the Market’s Path
As we venture further into 2023, there are a few scenarios we might see unfolding in the Portland market:
Interest Rates Decreasing: This would be a boon for buyers, potentially bringing about 5 million new buyers nationally. However, it could spur a demand-supply imbalance, pushing the prices up.
Steady Interest Rates: If the rates remain unchanged, we might be looking at a stable market for the next 12 to 18 months, albeit with a persistent demand in the affordable first-time homebuyer range. This is the most likely scenario of the three.
Interest Rates Increasing: Not the best news for buyers as affordability would take a hit. Sellers might have to get creative with offers to attract buyers. We may also see a slight decrease in pricing but not 20-30% drops.
Golden Advice for Buyers
If you are a first-time homebuyer eyeing properties in the $300,000 to $600,000 range, brace yourself for some competition. But hey, don’t lose heart; you might just snag some cool concessions from the sellers, including a 2-1 rate buy down or additional closing costs assistance.
Seller’s Corner
Sellers, it’s time to put on your aggressive hats when it comes to pricing. With fewer buyers in the market, you might want to keep a close eye on comparable listings to price your property competitively. And if you are selling a condo, patience is key as the days on the market have increased.
Let’s Connect
Got questions or need personalized advice? Feel free to reach out; I am here to guide you in your real estate journey in Portland. And before you go, do hit that like and subscribe button to stay updated with the latest in the Portland real estate world.
As you may already know, my business is referral based and I love meeting new people. So you can imagine how happy I was when a past client recommended Jane and their partner to me. It was such a joy getting to know them on their house hunt!
Here’s a little rundown of how it went.
We started with a buyer consultation and spent an hour going over the process in general. That’s the best way to get started, going over the current market and setting expectations for everyone. That’s when I ask the most questions about what my clients are looking for and we set the pace for the house hunt.
We saw multiple houses every week in various neighborhoods for many weeks until we narrowed it down and found the area that felt like home. The house they chose checked a lot of boxes, it was the perfect size in a great location and it had more than one bathroom plus a garage (bonus!). We saw the house 3 times just to be sure and then successfully got the offer accepted! They did a great job of getting financially ready, approved by a reputable lender, and had all their ducks in a row in that arena. (That truly is the first step!)
As we went through the inspection contingency period, I really liked that Jane and her partner asked a lot of questions along the way. One thing that people don’t always lean into when buying a house is making time to dive into research and ask all of the questions, even the dumb ones (and there are no dumb ones). Carving out time for this is so helpful because it’s the meat and potatoes of the whole deal. I’m here to advise and guide you along, but there is a lot to digest and having the time for those conversations and follow-up questions will always feel good.
Here is a general overview of the inspection contingency period. I will advise you while you look over the permit history, have the sewer scoped, the home tested for radon, the property searched for underground storage tanks, plus have a whole property general inspection as well. And that’s not always all, there are more investigations sometimes. It’s a lot and it’s awesome! Because after all of that, clients have a much better understanding of the home with all of its pros and cons.
So in this case, some things did come up in the investigations and we negotiated a credit and a price reduction. A couple of weeks later we had fun at the signing and a few days later we wrapped it all in a bow and I gave them keys.
Please reach out if you’re interested in talking about buying or selling a home. I’m always here for a check-in about the current market, lender recommendations or anything I can do to help advocate for your homeownership.
When moving into a new home, it’s important to not only focus on the physical aspects of your space, but also the energy within it. Cleansing the energy in your new home can help you create a positive atmosphere and intention for your new life there.
Setting Positive Intentions
Before you begin any cleansing rituals, it’s important to set positive intentions for your new space. Whether saying a meditation or creating a vision board- focus on what you want to bring into your space. Focus on what matters to you (love, happiness, success, etc.) to create a positive energy flow in your new home.
Smoke Cleansing
Smoke cleansing (burning herbs or incense) has been used for centuries by various cultures to clear spaces. In fact- incense burners dating back 4,500 years ago have been found in Egypt. There’s lots to love about burning herbs such as rosemary, lavender, or palo santo- and allowing the smoke to fill your space. It smells nice- and as the smoke rises, it’s said to clear negative energy and replace it with positive energy. To try it in your home, simply light the herb bundle and walk around your space, allowing the smoke to reach every corner and room. Ahhhhhhhhhh.
A note on sage, which is often referenced in smoke clearing practices. Wild sage (also known as white sage) suffers from severe over-harvesting. If you plan to use this fragrant plant in your intention-setting, I recommend growing it yourself (it’s easy to do!). Or, ask a friend to snip from their plant!
Salt Cleansing
Salt has been used for centuries as a natural purifier and cleanser. Wanna try it? Just sprinkle salt around the perimeter of your space or in the corners of each room. As you distribute the salt, visualize it absorbing any negative energy and replacing it with positive energy. After a few hours, you can sweep up the salt and discard it.
Crystals
If you’re looking for an extra boost in cleansing the energy of your new home, consider crystals! Some popular options include clear quartz, amethyst, and black tourmaline. You can place them in different areas of your home or carry them with you throughout the cleansing process to amplify the positive energy flow.
When DIY methods aren’t enough…
Feeling overwhelmed by the task of cleansing the energy in your new home? Consider enlisting the help of a professional! Portland is rich with energy practitioners who can help you create a positive and harmonious space. They’ll offer guidance on how to arrange your furniture, what colors to use, and which objects to incorporate into your space to promote positive energy flow.
Do it your way!
If you’re not comfortable with smoke or salt cleansing, there are other methods you can use to cleanse the energy in your new home. Playing calming music, burning candles, or diffusing essential oils can also help create a positive atmosphere. Experiment with different methods and find what works best for you and your new space.
Remember: trust your instincts and do what feels good to you. If something doesn’t feel right, don’t be afraid to rearrange or remove it! Your home should be a sanctuary that supports your well-being and happiness.
It’s important to continue to maintain a positive energy flow by regularly decluttering, opening windows to let fresh air in, and incorporating plants and natural elements into your space. By doing so, you’ll be able to create a peaceful and uplifting environment that supports your well-being and happiness.
However you decide to do it, creating a positive atmosphere in your new home is an ongoing process and there’s no right or wrong way to do it. Trust your instincts, experiment with different methods, and enjoy the process of creating a space that supports your well-being and happiness.
Look Into Your Future
Not a homeowner yet? All of these intention-setting rituals are also useful in manifesting a home of your own! Light some lavender, put on some tunes, and create a wishlist of what kind of space you envision for your future self. Is it a home with big windows and lots of natural light for all of your plant friends? A big yard with space for a veggie or flower garden? If you can dream it, you can do it!
Have a detached garage and want to convert it into a living or guest space? There are many questions to answer before you proceed, but you may have the makings for a second living space on your property.
For most of us Summer is just getting started. BUT if you’re planning to sell your home this Fall, now is the time to prepare!
1) Start purging, tidying & packing (This always takes longer than you think it will. Start this asap!).
2) Work on/schedule any needed repairs or maintenance.
3) Talk with an Agent about your goals and timeline.
4) If you’re planning to make another purchase, talk with a Lender (Your Agent will likely have some good referrals for you!)
5) Discuss strategies with your Agent regarding how to make your home compelling to Buyers (Fall is a short selling season so proper positioning is key to success).
Prepping your home for market can feel like a daunting task. Your Agent can help you prioritize tasks to stay on schedule and focus your efforts on the projects with the biggest impact and return on investment.
My team of professionals can help you get your home to where it needs to be to attract Buyers. Give me a call for a complimentary consult to get you stated and on the path to “SOLD!”
Portland teems with farmer’s markets! Surrounded by amazing farm country, the Willamette Valley and beyond grows beautiful food, and just as great as beautiful food is supporting the dedicated folks who tend and grow food. Shopping at farmer’s markets, signing up for CSAs, and supporting local coops are great ways to support local farmers. And summertime is the best time to start shopping!
Welcome to your dream home! This stunning 5 bedroom, 3.5 bath residence is a true gem, offering luxurious living spaces and a captivating design. Step into an elegant foyer with a soaring ceiling and natural light. The heart of the home lies in the kitchen; equipped with stainless steel appliances, granite countertops, and ample cabinet space, it’s a chef’s dream come true. The center island offers additional workspace and a breakfast bar, ideal for casual dining or entertaining guests. The adjacent dining area provides an elegant space for hosting dinner parties or enjoying everyday meals with the family.
Retreat to the upstairs, where you’ll find the primary suite, a true sanctuary. Boasting a spacious layout, this bedroom offers a peaceful haven with a private en-suite bath. Pamper yourself in the spa-like oasis, complete with a soaking tub, walk-in shower, and dual vanity. Three additional bedrooms provide ample space for family members or guests. An additional full bath on this level ensure comfort and convenience for everyone.
Step outside onto the deck and take a moment to appreciate the serenity of the private backyard. The deck provides the perfect setting for outdoor entertaining or simply enjoying the beauty of nature. The backyard, which directly backs to greenspace, offers an unmatched sense of privacy, creating a truly enchanting retreat. A trampoline and new hot tub add to the fun!
Located in the desireable neighborhood of Brendon Estates, this home provides easy access to shopping, schools, parks, and the freeway. With its exceptional combination of luxury, comfort, and natural beauty, this property is a rare find in today’s market and is the largest home for sale within 3 miles. A new roof , fence and fresh paint ensure you won’t have much to do except enjoy this gorgeous home.
This recently remodeled split-level home offers the perfect blend of modern updates and classic charm. With 4 bedrooms, 2 baths, and a bonus space downstairs, you’ll have ample space for all your needs. The heart of the home is the beautifully remodeled kitchen. Boasting sleek granite countertops, repainted and updated cabinetry, and new stainless steel appliances, this culinary haven is a dream come true. Step out onto your private deck for relaxation, grilling, gardening–whatever makes your heart sing. Natural light floods the main level living room through large windows, creating a warm and inviting atmosphere. It’s the perfect spot to relax and unwind after a long day.
With two bedrooms and a bath upstairs and down, there’s ample space for your everyone. But that’s not all – this home also offers a versatile bonus space downstairs that can be customized to suit your needs. Whether you envision a home office, a playroom for the kids, or a cozy media room, this bonus area provides endless possibilities.
The two car garage was partially converted to a shop on one side, but can be easily converted back. The kitchen, upstairs flooring, some lighting and siding have recently been updated. You’ll be close to shopping and HWY 99E but feels miles away. Enjoy all that Canby has to offer!
Excellent top-floor condo on the south park blocks! With vaulted ceilings, zero upstairs neighbors, direct access to a community sun deck, the upper floor of this well-managed building offers safe and quiet spaces. Newly upgraded unit has brand-new flooring throughout, new quartz counters and fresh paint. With generous bedrooms, laundry in unit, a sun-drenched balcony, fireplace, central AC, newer Bosch dishwasher, it’s ready to move right in. Deeded parking in secure garage, bike storage, fitness room and large community patio behind a security gate. Steps to PSU, farmers’ market every Saturday, street car & bus access, fine dining and cultural amenities like the art museum and several concert venues within blocks. Rent cap not met!
2 bed | 1 bath | 827 sq. ft. MLS#23462394 Taxes: $6,021.61 | Year Built: 1988 | HOA Dues: $544/month
Pride celebrations are kicking off all over the country. At Living Room, we kicked off Pride with a celebration including rainbow-inspired, plant-based food, a jazz trio, and lots of merriment! And this was all before 9:30 in the morning! We also had an impactful presentation from local lender, Percy Wise about the experiences of LGBTQIA+ buyers, sellers, and homeowners.
PORTLAND PRIDE2023 UPDATE
In case you are wondering when Portland’s big PRIDE festival takes place this year, it’s in JULY! July 15-16 to be exact. Read more about events HERE.
We could not be more excited to get back outside in our yards and gardens and plant, dig, beautify and breathe it all in. If you are interested in installing some new beds, but don’t want them to be ground level or just want to design spaces with garden boxes, CLICK THROUGH the images to see some of our favorite beds + boxes for your new project!
Have you ever wondered, what is the history of this house? Who designed it, why were some choices made, or who once lived here? I discovered just that with this mid-century modern time capsule in St. Johns, Oregon.
I LOVE history and especially love the hunt for house history. When searching for homes with my clients, I do my research to see what fun tib-bits I can find on the ones they love. While lounging on the couch, I’m a house sleuth online discovering what I can about the history of some of Portland’s finest houses. Sometimes there are some nuggets to be found, but most often a history can be lost if the records we’re not kept by previous owners, or the story of the house wasn’t passed down owner to owner.
I had the incredible opportunity to discover details about this mid-century modern time capsule in North Portland recently, as it was once upon a time in my family. Seeing pictures online from a friend in the industry that went to the estate sale recently, I knew I recognized that carpeted firepit. I sent the picture to my cousin to confirm and yes, this was the house! Putting an alert on the address, I knew it would most likely pop onto the market soon, and once it did, in the door we went. Turns out, my cousins Grandma Bunnie helped design this beauty back in 1956. There isn’t another like it out there. Over the weekend, we met at the house to explore, reminisce, and tell stories. As houses have so many of them.
This Mid-Century Modern home saw a family grow through almost four generations. Bunnie designed this to fit all of the needs of a large 1950’s family. There are built-ins with drawers and cupboards in nearly every room and hallway, easier to keep the house clean and organized. A once covered outdoor patio was remodeled early on to become an indoor space with the fire pit still intact. Then they added the spiral staircase to get downstairs to the pool/bar room, three other bedrooms, and an incredibly large workshop. There are electrical plugs everywhere, even on the ceiling in some rooms. No need for extension cords! There are two wet bars, one upstairs, one down. With over 5,000 square feet, this two-level mid-century modern home has it all, and has hardly been changed since it was built. There is still the old shag carpet, wallpaper, all the knobs, (there were hundreds, and they’re all the same!). I learned why there are two separate mailboxes, due to Little Bit, the poodle, that would eat the mail if it came through the slot. Why there is a custom switch alarm to lock the house up from the primary bedroom. How the intercom throughout the house was used. So many memories and stories with this one. A true time capsule.
I have a few memories coming here as a young child, playing with my cousins running up and down the spiral staircase, even though we weren’t supposed to, to even finding a hidden box of 1950’s Playboys in the basement! This house had it all. And well, it still does.
Want to know the history of a house? I love being a house sleuth and discovering the why’s, who’s and all the in-between. Every house has a story to tell, and this mid-century modern home sure struck close to home.
To see more videos of this MCM and many others, go to @janelleisrealestate on Instagram or TikTok.
Home ownership is often assumed to come with the trappings of “traditional” household formation (heterosexual coupledom, kids, and a white picket fence). The truth is, not all of us are building that kind of life. According to the Brookings Institute, “the so-called ‘nuclear’ family is no longer the dominant household structure.”
As household demographics continue to shift, so too can our ideas about how to achieve home ownership. If you’re just starting your real estate journey- the idea of coming up with a down payment, qualifying for a mortgage, and keeping cash on hand for repairs or renovations might feel like distant dream.
The good news is- you don’t have to go it alone! Buying with friends (or lovers, family members, co-investors, etc.) enables you to pool resources and gain a toehold in the real estate market – often sooner than you thought you could.
Here are some things to consider as you explore co-ownership:
Discuss your goals and financial situation with your potential co-buyers. Before committing to a shared investment, have a candid conversation about your long-term goals, financial stability, and expectations. This will help you determine if you’re on the same page and avoid conflicts down the road.
Consider your financing options. There are lots of ways to finance a joint purchase. Work with a lender who understands the financial nuances involved and respects alternative household configurations.
Create a legal agreement. While a chore wheel might work for ironing out the details of who’s on dish duty- you’ll want something more official for your co-purchase. Before buying with buds, it’s essential you have a legally binding agreement in place that outlines everyone’s responsibilities and rights. For example, how will the mortgage payments be split? Who will be responsible for repairs and maintenance? What happens if someone wants to sell their share of the property?
Work with a real estate agent who understands and is supportive of alternative household configurations. I support my clients in creating whatever kind of household works best for them.
Be flexible and patient. Co-buying a property can be a complicated process, and it may take longer than expected to find the right property and reach an agreement. Spend time spelling out the details and finding a property that meets everyones needs – it will be worth it!
Ultimately, good communication, compassion, and flexibility are the most critical factors in achieving a harmonious and successful co-purchase. With a like-minded realtor/lender team behind you- nothing can stop you!
Thinking of buying with friends, family members, or members of your polycule? Need help connecting to friendly lenders? Give me a holler!
Whether buying a house or just doing property research, we all have practical questions around real estate, neighborhoods, and our city and we are sure the answers are out there. But often times, we’ve got no idea where to look!
As a licensed agent in this beautiful city, I hear a lot of questions on repeat. To list some of the most frequent:
Did they pull a permit?
How is this property zoned? And what does R5 mean anyway?
What is crime *really* like around here?
Where’s the closest dog park?
What are the schools like?
The list goes on!
For buyers and sellers, Portland Maps can answer all of these questions and *more*. To begin with, there are also maps of noise complaints, cannabis applications, short-term rental registry, and residential construction permits.
Portland Maps is also one of the greatest resources out there for Portland residents and homeowners. With an incredible virtual tour of the Crystal Springs running from Johnson Creek Park to Reeds College and a map of Portland Hydro-parks, you might be surprised at what you’ll find.
Want to apply as a Green Street Steward (or find out what that even is)? Want to browse a Portland tree inventory? Pop your own address in. See what you can learn about your biggest and best investment and this city we all call home!
What a ride this was! This past January I was referred to Maddie and Derreck by a friend that had just left Portland for the Midwest. At this time interest rates were climbing and my business had changed dramatically. The buyers pool dried up and my soon to be sellers were non-existent as they were looking for homes and all of a sudden they were priced out and would have nowhere to move to if they sold. I then thought “this is what is supposed to happen”. The market needs to slow down and all of my thoughts of “this can’t go on forever” ruminations were coming to fruition.
We started talking in January and when it came to marketing dates we had to be fluid due to the difficulty of them buying a home to move to. After being under contract twice they finally gave me the go ahead to list but with a few major caveats. One was that Derreck works from home during the day and Maddie works from home in the evening. Two was that they have a toddler at home that has nap times and meals and activities. Imagine trying to do showings during the day!
The main feedback I received was that this home was “turnkey” which means you should only have to open the door and move in. There should be no repairs, updates, or major issues to address. [I always recommend an inspection to my clients].
Well we did it! We listed on a Wednesday evening, they left town on a Friday, and we had several showings Thursday and Friday with 3 super strong, well above asking price, offers for them to choose. By the time they returned home on Monday we were under contract with two cancelled open houses and no future showings to plan for.
They’re happy, I’m happy, our mutual friend is happy, and it’s on to enjoying this sunny Portland day!
If you’d like to enjoy the upcoming sunny days here in Portland and are thinking of selling go ahead and reach out to me.
Benedict Samson | Living Room Realty | licensed in Oregon
Living Room Realty exemplifies how a business can be a force for good by giving back. As the founder and owner of Living Room Realty, Jenelle Etzel fosters a culture of giving among agents and staff. In fact, she built her business around it.
When she founded Living Room Realty in 2009 during the recession following the financial crisis, Etzel looked beyond candidates’ sales numbers when building her team, seeking shared values and selecting individuals driven by a sense of purpose.
“I made a big bet that people that have been involved in volunteering and giving back, when we came out of the recession, that they were going to be really successful,” Etzel said. “That bet paid off.”
That long-term view paid dividends. Living Room Realty is now one of the largest real estate companies in Oregon and is recognized for its charitable giving. The firm received a Corporate Philanthropy Award from Portland Business Journal in 2022.
Living Room’s certified B Corp status – and public pledge to donate 5% of profits to charity – demonstrates a commitment to high standards of social and environmental responsibility and transparency.
“When we succeed, that means that we can create even more opportunity to be generous with our community,” Etzel says.
Each fall the company rallies agents, staff and community to collect coat donations to support local charity Impact Northwest. They’ve donated more than 800 coats since this program began.
And the company’s commitment to intentional giving is reflected in the company’s two charitable funds.
The Loving Room Fund receives a percentage of agents’ commissions, and agents collectively decide which nonprofits to fund. Through the fund, agents have donated thousands of dollars to charity.
To establish a separate charitable fund to receive a percentage of Living Room Realty annual profits, Etzel worked with Oregon Community Foundation to create a corporate donor advised fund. Etzel empowers employees to support nonprofits and causes with grants from the fund.
“I have my own things that are near and dear to my heart, but I’m one of 25 people on staff here. I have to step aside and really listen to what’s important to my staff. I have, in effect, turned it over to them,” Etzel said.
“The staff has shown me that they deeply care about the people who live here. They’ve focused on organizations that create more opportunities for children and marginalized communities. They want everybody in our community to feel the same abundance, hope and optimism that we do here.”
Etzel describes the partnership with Oregon Community Foundation as a way to make the company’s giving more effective.
“They have allowed us to give with more educated choices. Knowing the things we care about, they help guide us to make a bigger impact,” Etzel said. “I’ve learned a lot working with Oregon Community Foundation. One thing is how deep the need is here in Oregon, especially for children.”
Etzel said she has often been surprised by the research findings provided by Oregon Community Foundation, such as learning the detrimental effects of poor childhood dental health on academic achievement.
“I don’t feel like I’m guessing, or I’m coming in to feel good or be the hero,” she said. “I feel like I am wisely using my resources to have the greatest impact. Those resources have come from my agents and the community. Oregon Community Foundation makes me feel confident that I’m a good steward of those dollars.”
Through engaged agents and employees, charitable funds and a culture of giving, Living Room Realty shows that business can be a powerful tool for creating a better world. The company’s commitment is a reminder to us all that when we focus on making a difference, communities benefit.
Oregon Community Foundation (OCF) works with donors and volunteers to award grants and scholarships to every county in Oregon. With OCF, individuals, families, businesses and organizations create charitable funds that meet the needs of diverse communities statewide. Since its founding in 1973, OCF has distributed more than $2 billion toward advancing its mission to improve lives for all Oregonians. For more information, please visit oregoncf.org.
You may not know it, but as a homeowner in parts of this city, you may have racist language in your deed and title documents. House Bill 3294 moves to help homeowners remove this language and other restrictions from their titles entirely.
Portland Real Estate Listings and Sales Slump in the First Quarter of 2023
A population decline hasn’t produced a drop in home prices
Activity in the Portland real estate market slumped in the first quarter of 2023, with new listings, pending sales, and closed sales all falling compared with the year-ago period, according to the latest report from the Regional Multiple Listing Service, a firm that tracks sales in the Northwest.
RMLS doesn’t give reasons for market changes, providing just data, but higher interest rates have been weighing on the market for months, and they appeared to suppress activity again in the first quarter. New listings fell 25% to 6,389, pending sales dropped 30% to 5,358, and closed sales tumbled 34% to 4,340, RMLS said.
Prices, meantime, held firmer, with the median sale price falling just 2.8% to $514,900. Inventory in March 2023 rose just 0.9% from March 2022, RMLS said.
Aryne Blumklotz, a broker at Living Room Realty, says the market is in flux because the outlook for interest rates is so murky. Rates on 30-year fixed-rate mortgages have gyrated between 4.72% and 7.08% during the past 12 months, according to Freddie Mac. They stood at 6.28% on April 6.
“There is no rhyme or reason to this market,” Blumklotz says. “If interest rates would just hold, we could all get our heads around it. The changes make people anxious about buying and selling.”
Some houses are sitting on the market, Blumklotz says, while bidders fight over others. A property in a posh eastside neighborhood got four offers, all of them over $1 million, and all in cash, she says.
“We were as aggressive as we could be,” Blumklotz said of her bidder.
Buyers are still coming to Portland from out of state, Blumklotz says. She has represented several from California, one of whom closed this week and another coming later this month.
Those sales are good news for sellers amid the shrinking population in Multnomah County. The county’s population stood at 795,083 on July 1, 2022, down 1.3% from 805,593 a year earlier, the U.S. Census Bureau said on March 30. Multnomah’s population fell by about the same amount in 2021.
Read the full article by Anthony Effinger in the Willamette Week HERE.
As an Oregon native I take the responsibility of being friendly, hospitable and well versed in all things Pacific Northwest very seriously. My mother being from the Midwest (Wisconsin to be exact) and my father being from Washington state (by way of Mississippi) I welcome transplants from everywhere with open arms. I have lived many lives in this place I call home and have a wide array of interest that intersects with a multitude of people, places and things.
So I’m sure you can imagine my delight when an out of state client contacts me about relocating to Oregon. Similar to the class president being tasked with showing the new kids around the school I relish in the opportunity.
My latest relocation was the BUSBY family (buyers) coming from Texas. Welcome to The Great NW!
Thank you for choosing me as your agent & enjoy your beautiful new home.
Known for its great food and arts scene, Portland, Oregon, has become an increasingly popular place to call home for singles and families alike. As such, Jenelle Etzel, founder and CEO of Living Room Realty, isn’t surprised by the fact that demand for homes in Portland is still solid even with mortgage rates being as high as they are today.
But Portland’s housing market is a tricky one to navigate due to extremely low inventory, so if you’re looking to buy in the Portland-Vancouver-Hillsboro area, you’ll need to be prepared. Here’s what you need to know about the market today and looking ahead, based on information from the U.S. News Housing Market Index.
How the Portland Housing Market Changed in 2022
Single-family home construction slowed down in Portland in 2022 compared with 2021. Based on data from the U.S. Census Bureau, permit activity for single-family detached homes dropped from 536 in January 2022 to 375 in January 2023 – a 30% year-over-year decrease. Permit demand peaked in May 2022 at 651, but by the end of the year, it had plummeted to 335, a 48% drop.
A slowdown in single-family housing permits isn’t surprising to Etzel. “Portland has pretty tight urban growth boundaries, so it’s been hard to have new construction,” she explains. “But we need it to happen, and we’re starting to see some building happen.”
Construction for multifamily homes, however, increased in 2022. In January 2023, there were about 698 housing permits issued for buildings housing two or more units, compared to about 569 one year prior. That’s an increase of almost 23%. Permit issuances peaked in February 2022 at 575 units, after dropping since December 2021. Since then, permits were on a downward trend until starting to rise in June. They didn’t regain to the February level until September, but ended the year at 782, a 16% increase.
Portland Housing Supply and Demand
A slowdown in single-family home construction is the last thing the Portland market needed over the past year. That’s because, as Etzel explains, a lack of inventory has long been a problem in Portland.
“Portland supply is super low,” Etzel says. However, there’s a silver lining.
“The market was becoming impossible a year ago,” Etzel says. But “having interest rates rise and forcing some people to have to sit out the market has balanced out the market a little bit.”
As of January 2023, based on data from Redfin, inventory in Portland sat at a 2.6-month supply. That’s actually an increase of 1.73% compared to a year prior. But it can easily take a six-month supply of homes to balance the real estate market and allow for enough inventory to meet buyer demand.
For context, on a national scale, housing supply in January 2023 sat at a 3.2-month supply, representing a 1.71% year-over-year increase.
Meanwhile, the rental vacancy rate for Portland as of January 2023 was 4.8%, representing a decrease of 0.8% from one year prior, based on data from the U.S. Census Bureau. The U.S. rental vacancy rate for the fourth quarter of 2022 was 5.8%, putting Portland’s vacancy rate below the national average.
Because there’s so much demand for homes in Portland, Etzel says, “We are technically still in a seller’s market here. We still see multiple offers on great homes, and I don’t expect that to change.”
However, sellers are making more concessions. “Sellers know they have one or two backup offers, but they don’t have 30 people waiting in line,” Etzel explains.
It’s also worth noting that for the week ending March 17, 2023, mortgage applications increased 3% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. On an unadjusted basis, the Market Composite Index, a measure of mortgage application volume, increased 3% compared with the previous week.
That same week, the average contract interest rate for a 30-year fixed, confirming mortgage decreased to 6.48% from 6.71% the previous week. But even with that decrease, borrowing has clearly gotten expensive.
Still, Etzel doesn’t think mortgage rates are impacting the Portland real estate market all that much.
“The interest rates are making way bigger news than they deserve,” she insists. And while Etzel does think mortgage rates will go down in time, she also thinks that “people are going to get comfortable again with the interest rates we’re seeing today.”
But while higher mortgage rates may not be affecting the Portland real estate market dramatically, it’s hard to overlook the fact that consumer sentiment is down. In January 2023, consumer sentiment sat at 64.9, according to the Survey of Consumers from the University of Michigan. A year prior, it sat at 67.2.
Portland Real Estate Market: Predictions
Etzel doesn’t expect the Portland housing market to change drastically over the next year. However, she thinks mortgage rates have the potential to drop, which could result in an uptick in buyer demand.
“I think the next 12 months are going to look similar to what we’ve been through,” she says. However, if rates drop, “In a market like we have where we don’t have the supply, I think it’s going to force a lot of folks back into a competitive environment.”
Meanwhile, Etzel says recession fears are not really a concern in the context of the Portland housing market. In Portland, wages have increased, she explains, and unemployment is still relatively low.
Because of this, “Owning a home looks like a good tactic to secure some financial stability,” says Etzel. “It doesn’t look like a very big risk.”
Looking to learn more? Reach out directly to get in touch with an expert agent today!
503-719-5588 | welcome@livingroomre.com
Read the full article from US News by Maurie Backman HERE
We’ve been adding color to our front doors, and painting accent walls in our home, but an interior accent door? We LOVE it! A great way to refresh a room, hallway, entryway, or foyer.
It has been a joy since our very first introduction that was thanks to a lovely past client 2 years ago. (Btw referrals are the biggest compliment and vital to my business so many thanks for all who recommend me🙏🏽) At the time, the housing market was a little coo-coo with those historic interest rates and an extremely competitive market. We got to know each other spending time seeing homes and then they decided to take a pause. A pause that turned out to be a blessing! As V excelled in her career with a promotion and a new little man was added to the mix, they reached back out and they were ready to make moves!
Literally and figuratively 😉
It was our first weekend checking out homes and they quickly found THE ONE! The right school district, space and location! It just felt right!
With 264 days on the market and 90k price reduction, over that span of time, we made an offer that was up against one other at the time. I was able to negotiate a 10k credit to my buyer’s towards their closing costs (this means less cash out of pocket at closing) a BRAND NEW ROOF and some other minor repairs!
When I say that I share the excitement of each and every one of my clients, I mean it! Their gratitude and trust in me as their Real Estate Professional created such a wonderful experience all around.
Thank you so very much for choosing me to go on this journey with you! Even on key day where the oldest boys ran from room to room seeing the home for the first time and leaping for joy, truly warmed my heart. Moments like those are exactly why I passionately advocate and love on my people.
Wishing you all the most beautiful of memories together as you make your new house a home!
You are an inspiration to so many other hard working individuals that the time to buy is when it’s right for YOU! Congratulations my friends 🥂🏡
If you find the current Portland real estate market overwhelming, you’re not alone. The good news is, new spring listings are popping up every day! Just not as many homes are available as there are buyers for them. Inventory is low and that creates a lot of organic competition, especially for the “best” properties. Homes that have been freshly remodeled, have a lot of style, and/or are in prime locations command attention, premium prices and aggressive terms. Many buyers feel priced-out after being out-bid in multiple-offer situations. Avoid Buyer’s Burn-out!
It can be hair raising!
Fortunately, we’ve been at this a long time, and have assisted clients through every possible market on the spectrum.
Tips for nabbing your next home using creative shopping strategies:
I am not kidding about this- visit homes with ugly pictures! Beyond all the clutter and poor lighting you may find your treasure, hidden in plain sight and overlooked by most.
Consider properties that are showing a bit of wear and take on the project yourself to make it really shine. Sweat equity is real, but be honest with yourself. What resources will you have available to spruce up your new place. Is watching a how-to YouTube enough to help you handle the fixes, or will you need to hire experts? Skip wonky staircases, wacky floor plans and locations near freeways, bus stops, and busy streets. Buy smart!
Look at homes priced well below your budget to give you room to fight and be the winning bidder!
Shop slightly above your current price range. Consider properties that have been on the market a while (translation: homes that are likely over-priced).
Explore less expensive locations.
Re-evaluate your priorities and consider smaller homes and yards, homes without recent updates, etc.
How we can help!
Bonnie Roseman and Trish Sunderland, Dynamic Real Estate Duo in Portland, OR
There are a few things we are doing behind the scenes for our buyer clients to help get them to the finish line. We scour Coming-Soon listings on the regular. We hustle to get our buyers into homes as soon as they hit the market. Pro tip: It’s not unheard of to persuade a seller to accept a compelling offer on day one on the market, thus avoiding a bidding war. We review old and expired listings and contact off-market homeowners who might consider selling. We leave no stone unturned to help you find your next home!
What can you do?
Get organized and prepare yourself. Consider your financing options and make a decision early in your journey. Where you will obtain your new mortgage? Your lender is your partner, just like your Realtor, in the homebuying process, so make sure you choose trusted advisors! Submit all of the needed documents and ask your lender to run your file through underwriting. Keep in touch with them and make sure you are crunching numbers using current interest rates and realistic estimates for property taxes and homeowner’s insurance. Don’t fall in love with a home only to discover the cash you need to close the deal, or to carry the monthly payments, are beyond your comfort level –OUCH!
If you have the good fortune to be paying with cash, make sure you have proof of funds at the ready!
Financial readiness means your documentation is ready to go!
If you are a cash buyer, or have a large down payment, have proof that the funds required for your purchase are in a checking or savings account in your own name. Believe it or not, mutual funds, ETFs, gifts and the like are NOT considered cash!
Engage a lender early, then obtain an up to date mortgage pre-approval letter that reflects the current interest rate and the property tax amount for each specific property you are considering. Your lender will also help you crunch the numbers so you know you are comfortable with the amount of cash you will need to close your purchase and cover the monthly carrying costs. If you love your lender- wonderful! If you don’t have one picked out yet, have no fear, we can connect you with a personal referral to a top notch local pro.
On your mark
Drive, bike or walk by exciting new listings the first day on the market. Let your Realtor know right away when a place shows possibility and make yourself available ASAP to get inside. After all that hurrying, be prepared to wait patiently. Many of the most desirable properties will have due dates for offers a while out and you will need to bide your time.
Understand pricing
Be prepared for newly-listed homes to sell for significantly more than the asking price, sometimes by a wide margin. If the listing has been on the market for 10-20 days it will probably go for right around asking price, and if it has been sitting for more than a month without a recent price reduction, a bigger discount may be in the cards.
You can stay up-to-date with current market conditions with the weekly Portland report from Altos Research.
Average sales price in Portland, OR
Offer Terms- Price is not the only thing that matters to home sellers. Sometimes having the best terms can keep you in the running, or at least get you the opportunity to modify your offer without it being rejected out of hand, even if your offer isn’t the highest bid. Consider including terms that give the seller confidence in choosing you as their buyer.
When we work with our buyer clients, we discuss many creative ways to strengthen an offer. Two of the key items that can often make a difference are:
Repairs
When it comes to repairs, sellers want to know that they will not be nickel-and-dimed during the inspection process. While most buyers are not in a position to make totally as-is offers, it IS possible to limit the risk to the seller without leaving yourself wide open. One strategy is to commit to accepting responsibility for needed repairs that fall below a certain threshold. This way the seller knows you will only attempt to negotiate if something big comes up.
Appraisals
As prices increase, it can become very challenging for appraisers to find past home sales (AKA “comps”) that keep up with current values. This does not mean the value is not there, but rather that the data is not keeping up with rapid increases in market values. When a home appraises for less than the contract price, this is known as an “appraisal gap” because lenders base financing on the appraised value, not the purchase price.
Sellers want to know that you will close the transaction, even if there is an appraisal gap. You can solve this by adding cash to your down payment. Another approach is to keep your loan amount and down payment as planned, but preparing yourself for an adjustment in the Loan-to-Value ratio. This may have a small impact on your monthly payments in some cases. In others, it may have no impact on you at all!
Here’s an example:
If you are paying $100,000 for a home, putting down $8,000 and borrowing $92,000 (92% Loan-to-Value), but your appraisal comes in at $95,000, you could still borrow $92,000 – it would just be underwritten at a higher Loan-to-Value because the LtV is based on the appraised value.
100,000 sales price x 92% = $92,000 loan amount.
95,000 appraised value x 96.8% loan-to-value = $92,000 loan amount
The down payment is $8,000 either way!
Ready, Set, Go!
We pride ourselves on assisting clients to be selective in their home purchase decisions and writing offers with a high chance of acceptance in order to avoid a roller coaster ride. When you or your peeps are ready to buy – or even just thinking about buying in the future – it is always in your best interest to prepare ahead of time, with a solid team in place for when it’s time to make the leap. Drop us a line us at portland@realtor.com to get on our dance card! Thank you for trusting us. Your new home awaits and we WILL get you to the finish line!
I had the pleasure of meeting Jon in early Autumn of 2022 at a wee condo in SW Portland while hosting an open house. It was a lovely condo: very modern, floor to ceiling windows, two levels, 700 square feet. The downside being the many pet restrictions, and a high HOA. The $360,000 price tag looked good; however it didn’t quite work for Jon. Fast forward about six months later, and they were ready to begin in earnest as first-time homebuyers. Off to a coffee date we went where I had the pleasure of meeting Kevin, talked shop, made a plan, and we began. After talking to a lender and exploring neighborhoods around the city, they were seeing just how much home they could buy.
And then…we found THE one.
With Jon and Kevin, it was discovering that by doing their research, planning ahead, and getting all of their dogs in a row, (only because they have four of them, it couldn’t be ducks, and I couldn’t resist.), they landed this gem of a house. Instead of a 700sqft condo with the teeniest patio, they closed on their first, nearly 2,000sqft two-story house in the Montavilla neighborhood, 1940’s floor to ceiling windows included! It also has an enormous and private backyard for all their doggos.
This happened it seemed in a blink of an eye. (Another reason why it’s SO, SO important to prepare). When I got the call that they were ready to go, we immediately began to plan our house tour. It was so much fun! Only one day of touring several houses before we found THE house. Newly price reduced and it was within their reach. Of course, they weren’t the only ones who loved this house, and we competed with multiple offers. That’s often how it goes with price reductions, or corrections as we say. They drum up buyers to act. And act and win we did!
Prepare, my friends, prepare! The preparation for owning your first home takes time, patience, and sometimes a strong constitution. With every client I meet, I advise them to do the research, while I help guide them along the way. Get your advocates together, whomever that may be, whether it’s your bandmate, therapist, barista, pal, family, your people! Talk about it. Get excited about it! You’re about to take the plunge into homeownership, on to the adventure of building equity. Then find your cheerleaders/master negotiators – your LENDER and your AGENT. Once all of that is in order, the house hunting begins in earnest, and life changes completely. It’s an exciting ride first-timers!
Selling your house and buying a new one at the same time can be a daunting task. It can be especially daunting when interest rates are high or inventory is low. But, with the right agent, planning, and approach, you can successfully navigate the market.
Here are 8 things to know to help you sell your house and buy a new one at the same time:
1. Work with a real estate agent.
Working with a knowledgeable and experienced real estate agent can help you navigate the market and ensure a successful sale and purchase. As your realtor, I will help you price your house appropriately, market it effectively, and negotiate on your behalf. I also help you negotiate a fair price, terms, and repairs or closing credits if needed.
2. Get Pre-Approved for a Mortgage First.
Before listing your home, obtain a mortgage pre-approval to determine your budget for the new home. Shop around for competitive rates. I have a list of trusted lenders I’ve worked with and will provide the information they may need about your current home. If you’re moving to another state, I’ll connect you to an expert agent in that area from my national network.
3. Know the market.
Before listing your home, it is important to know the local real estate market. Knowing the market will help you price your home appropriately. We’ll review a report of comparable properties, market data, and pricing strategy at your listing consultation. We’ll discuss how quickly it is likely to sell as-is, with some repairs, and/or with staging. Pricing appropriately is important to help you sell on your timeline and make the most of your investment.
4. Time your sale and purchase carefully.
Timing is key when it comes to selling your house and buying a new one at the same time. Ideally, you want to sell your house before you buy a new one. However, this is not always possible and comes with the logistical challenges of finding a place to stay between sales. I’ll help with the logistics to make your move as smooth as possible. For example, I can negotiate for you to stay in your home for additional time after your sale closes. This is called a rent-back period and is relatively common and often free. If you need to buy a new home before selling your old one, speak with me and your lender about your options.
5. Have a backup plan.
Even with careful planning, there is always a small chance that something will come up. Sales fall through and other things can happen to cause delays. I strategize your backup plan with you. Having a rental property or temporary housing booked in case you need to bridge the gap between selling your old house and buying a new one is helpful.
6. Consider renovation and staging.
You should always consider renovating or staging your home. This always results in getting you a higher price and quicker sale. A fresh coat of paint, new fixtures, and decluttering can go a long way in making your house more attractive to potential buyers. When you choose to list your home with me, you’ll be given design and repair advice in your budget. I’ll provide a to-do list to prepare your home and references to contractors, stagers, cleaners, and movers.
7. Prepare to negotiate.
In a high-interest rate market, buyers may be more hesitant to make offers. Prepare yourself to negotiate on price and other terms to ensure a successful sale and purchase. Keep in mind that both parties want to make a deal, so be flexible and open to compromise. We’ll review each offer thoroughly. I’ll navigate you through the negotiations to ensure you’re getting a fair price, making reasonable concessions, and meeting your goals for the sale.
8. Make a Strong Offer.
When you’re selling first and then buying, you might have challenges to overcome on the buying side such as finding a home at the right time, making contingent offers, getting your offer accepted, and closing in time to move from one home to the next. Writing a strong offer that will get accepted in a multiple-offer situation is key. I’ll work with you to craft the perfect offer within your budget, on your timeline, and with terms that will stand out to a seller and their agent.
Selling your house and buying a new one at the same time can be challenging, especially in a high-interest rate market. But with the right planning and the help of your realtor and lender, you can successfully navigate the process.
If you’re thinking about making a move, I can help. Give me a call or text to get started or you can read my bio, and testimonials, or find me on Instagram to learn more about what it’s like to work with me.
HOT GINGERY DRINKS TO SIP WHILE WE WAIT FOR SPRING
HOT GINGER APPLE CIDER, HOT LEMON GINGER TODDY, AND GINGER-SPICE HOT COCOA are three amazing drinks to keep you warm while we wait for Spring. These healthy and simple drinks all start with ginger and water… see the directions below:
HOT LEMON-GINGER TODDY:
Slice up a hunk of ginger and cover and simmer in 2 cups water for 20 minutes, strain, add freshly squeezed lemon juice or lemon slices to taste, and add honey for a bit of sweetness – serves two.
GINGER-SPICE HOT COCOA:
Slice up a hunk of ginger and cover and simmer in 2 cups water for 20 minutes, strain, add one cup of plant-based milk, whisk in cocoa powder, and sweeten with maple syrup and cinnamon – serves two.
HOT GINGER-APPLE CIDER:
Slice up a hunk of ginger and cover and simmer in 1 cup of water for 20 minutes, add one or two cups of apple juice and a cinnamon stick to taste, and simmer for another 10 minutes – serves two.
Townhouse style condo in the heart of St. Johns! Corner unit features an open floor plan with great natural light, living and dining areas, breakfast bar, mini split/AC, balcony, newer engineered hickory hardwood floors, master bedroom with bath, walk-in closet and mini-split (A/C), laundry closet upstairs, view of St. Johns bridge, storage under stairs and in garage. Walk score 92, bike score 93! Just move in and enjoy the parks, restaurants and shops that the neighborhood has to offer!
8549 N. Kellogg St., Portland, OR 97203 / 2 bd, 2.5 ba / 1,200 sq ft
If you’re thinking about buying a home or have already started the process, it’s likely you’ve come across mixed messaging or confusing advice. With so many “experts” out there, it can be hard to know who to listen to and who to ignore. To help clear things up, we’re busting 5 of the most common myths we hear about in real estate.
Myth #1 – You need a high down payment to buy a home
One of the most common myths we hear is that you need a large down payment, usually 20% of the purchase price, to buy a home. While it’s true that putting down 20% allows you to avoid private mortgage insurance (PMI), there are plenty of loan programs available that allow for lower down payments. In fact, many first-time homebuyers are able to put down as little as 3% with some programs. So if you don’t have a ton of cash saved up, don’t worry! There are still options available to you.
Myth #2 – Interest rates are historically high
While interest rates are currently rising after hitting all-time lows in recent years, they’re still inline with the historical average. The current rates have created opportunities for buyers that could not compete in the aggressive market Portland experienced in 2020-2022 due to the unprecedented low interest rates. In other words, now is still a great time to buy despite higher rates. Please reach out if you would like to chat in more depth about important factors to also consider when deciding if now is the right time for you to buy a new home.
Myth #3 – It’s better to buy a home without representation
When you purchase a home with representation, you have an experienced real estate agent by your side who can help to guide you through the entire process and answer any questions that you may have. From helping you find properties that fit within your budget to negotiating price and inspection items on your behalf—an experienced representative will always have your best interests at heart throughout every step of finding and purchasing your home. They can also provide invaluable advice when it comes to making decisions about inspections, title work, and other important steps in purchasing a home. Having someone on your side is essential for achieving success when buying a house.
Myth #4 – You Must Sell Your Current Home Before Buying a New One
If you own a home and are looking to upgrade or downsize, there’s no rule saying you have to sell your current home before buying a new one. In fact, many people choose to buy their new home first and then list their old one afterward. This gives them more time to find the right buyer and get top dollar for their old home instead of rushing through the process and leaving money on the table. However, this strategy isn’t without its risks since it requires being able to carry two mortgages at once, which can be tough on your budget. If you go this route, make sure you speak with a trusted lender and real estate professional beforehand so they can help ensure you’re making the best decision for your unique situation.
Myth #5 – Offer less than you’re willing to pay, so you have room to negotiate
This myth is perpetuated by TV shows and movies where buyers lowball sellers with an initial offer way below the asking price in an effort to leave room for negotiation. But in reality, this strategy rarely works since many Portland homes are still receiving multiple offers and when they do not there are still many factors to consider when determining what your best offer is. If you really want the home, start with your best offer right from the get-go because you may not be given an opportunity to amend.
Now that we’ve busted some of the most common real estate myths out there, we hope you feel more confident in your journey toward homeownership! When in doubt, always consult a professional who can provide guidance specific to your situation. Our team has over 30 years of experience and is focused on serving our community with integrity, empowering and educating future homeowners. If you have questions please reach out, we would love the opportunity to connect.
Add a little style and color to your bathroom by adding a colored faucet or showerhead! Take a look at these great options on our BATHROOM OASIS Pinterest board.
🌟 CONGRATULATIONS NEW HOMEOWNER 🌟
.
I have to give a big shoutout to my friend and client Earle for achieving his long time goal of home ownership! The cherry on top is this was a Habitat of Humanity condo with Proud Ground. Proud Ground is a non profit providing homes that are permanently affordable for first-time homebuyers.
.
Earle went through a lot of hurdles and extended closing with a great attitude and stayed committed to his goals.
.
I am so grateful when I get the opportunity to support people through the journey. Thank you for giving me the opportunity to get the job done for you!
HHHMMM… it’s hard to fight back the multitude of questions that come up when you think about AI-generated anything, but because we were curious, we thought… let’s give it a whirrrlll.
We checked out Shutter stock’s AI-generated image program, looking up things like: “retro kitchen,” “baroque living room,” “space-aged bedroom,” and even a simple one – “bathroom,” and here is what we got!
For some more artful inspired AI-generated imagery, check out @planet_fantastique on Instagram!
What a dream working with these dear humans (and their cute kitty)!
These two began their search just before the pandemic. Back when the market was vastly different and right before the pandemic and low-interest rates had their big effect on the market. I loved working with them, getting to know them and seeing homes together. We looked at a lot of homes over the years, wrote some offers and took a couple of breaks from searching while the market went nuts. Luckily these two had a strong sense of what they wanted and even though they lost out on a few homes along the way, the one they bought in the end, is definitely the BEST one with the best quality for the price! I’m so happy for them!
If you have questions about neighborhoods, the real estate market, buying or selling a house etc, let’s sit down and talk. My aim is to establish trust and serve you with warmth and attentive communication. I love to engage with new people and listen carefully to their needs and goals, then throw all my energy into helping to achieve them!
Looking for peace and serenity in 2023? Look no further! This stunning contemporary Tri-Level home will not disappoint!
Located in the tranquil Greentree neighborhood, this home features a large and peaceful lot, surrounded by soaring trees and lush greenery that provides a serene escape from the hustle and bustle of city life.
Inside, you’ll find a light and bright contemporary living room with large windows and a soaring vaulted ceiling.
The home also boasts a remodeled deluxe kitchen that’s sure to impress any home chef. The kitchen is equipped with a six burner gas range, a built-in refrigerator, quartz countertops and a dramatic and stylish tile wall.
The upper level has three bedrooms and two full baths, including a deluxe owner’s suite which features a recently remodeled bathroom with an oversized shower and a walk-in closet with custom organizers.
The daylight lower floor includes a family room with a wet bar and sliding doors to a lovely patio and garden. It also hosts another bedroom and bathroom so guests (or teenagers!) have privacy.
This home has all new windows and doors, which not only provides beautiful light and an added layer of security, but also enhances energy efficiency, saving you money on your utility bills.
The newly landscaped backyard is private, peaceful and lush, with several deck areas to relax and entertain.
The property is located in an excellent neighborhood, where you’ll find friendly neighbors and a welcoming community. You’ll love the peaceful surroundings and the convenience of being just a short distance from parks, the local swim club and downtown Lake Oswego.
Don’t miss your opportunity to own this special property — this one will go fast! Call us to schedule a showing today and experience the tranquility and comfort of this stylish home!
Super charming midcentury on large lot in a prime SW location! This single level home has everything to offer in move-in-ready condition. A statement fireplace spans the large living space opposite a sweeping west-facing valley view. Ideal for sunsets on the deck! A second fireplace awaits you in the dining room next to the wall length custom built-in shelving. A circular floor plan leads you to an updated kitchen, which has been professionally remodeled. The owner’s suite, with ensuite bathroom and garden view, is private and welcoming. The terraced yard invites gardening and is pet-friendly, being fully fenced. Enjoy total privacy on the large 0.24 acre lot and take in the larger view from the deck on the upper terrace perch. Storage galore with large two-car garage and two large sheds. Location is perfect, private and secluded while remaining close to tons of amenities, like Gabriel Park, SW Community Center, Multnomah Village and so much more.
3 bed | 2 bath | 1,351 sq. ft. MLS# 23170271 Taxes: $7,550.46 | Year Built: 1956 | Lot Size: 0.24 acres
Check out the amazing light installations in our city from the Willamette Light Brigade. Now through the 11th you can be dazzled by these artistic light installation. Thank you for shining light on our dark winter days-check it out HERE!
We totally get how scary it can be to make the leap to buy a house, or how much emotional work it takes to be ready to part with your home when you want to sell. We are here to guide you. We don’t just broker deals and research the market daily, we do much more than that, we help you through the biggest transaction of your life. If you or anyone you know is ready to make a move. We are here to help.
About Us: Over the course of their professional partnership, Aryne + Dulcinea have helped hundreds of clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.
I am in the bizzyness of selling houses to good humans in Portland, OR. In 2022 I had the pleasure and privilege of selling 27 magnificent homes to the best buyers and sellers in the world, including a handful of folx who bought and sold, or sold and bought. I work by referral only, and after working as a real estate broker for 15+ years, I have the divine fortune of being able to choose to only work with good people who I adore. For those of you who have worked with me over the past 15 years, and those of you who have referred your friends, family and colleagues, I am thankful beyond belief. Goodness gracious I am one lucky duck.
Buying your first home is no easy task, but you wouldn’t know it with Tia and Ryan, truly ideal buyers from beginning to end of the buying process. They knew what they wanted and trusted our team to guide them to the finish line on securing a sweet townhouse in pretty Parkrose! It had been sitting on the market within that sweet spot of just enough time – but not too long – and wrote an offer that put them in position to not have to put every last penny into their down payment. Not only were we able to get them a significant seller credit upfront (to save them on paying closing costs) but we also worked closely with their lender, Tristen Hunt of The Tristen Hunt Team to get them a rate buydown that keeps their mortgage payment affordable!
The cherry on top was successfully negotiating an additional credit towards siding repair and a BRAND NEW ROOF as we head into the rainy season in Portland.
This is what taking advantage of this market is all about!
Congratulations, Tia and Ryan (and Shelby and Ollie!), we are so ecstatic for you and we hope you enjoy your new home!
A thanksgiving story — not in a traditional, seasonal holiday sense with turkey and stuffing and finding enough matching place settings for all the folks trundling your way, but one of some of the dearest clients: maybe-buyers I had the wonderful good fortune to meet in a lovely home I had held open in September, located smack dab in the neighborhood they’ve been rooted in together for years – they’d lived just a block away from there “close enough to get to Salt & Straw very quickly” being one of the qualifiers on location as it would turn out. Meeting these two immediately warmed my heart and enriched my life, setting us on a journey to find a solution together for the challenge they were facing: repair their current home, or search for something new to close a difficult chapter for them and move on from the loss and heartache brought on by a house fire Christmas eve 2021. They lost their cherished home they’d poured so much time and energy into. While they were originally planning to rebuild, they saw the above mentioned home in their neighborhood, OPEN HOUSE sign out front, and somehow that rekindled the sense that they could find something new to love and grow into.
While they didn’t end up getting that home, it was the jumping off point for a relatively quick adventure where we partnered and listed, we toured and talked, Lauren and Rafe, and their sweet chihuahua Ruby with them at times, at times (most times) on their bikes, and so much faith that the right thing was going to be out there for them, that would meet their requirements and also give them space to do what they love so much: woodworking in a wonderful space for Rafe to continue to practice this craft, and a garden in which they could both tend to the gorgeous yard — and get backyard habitat certified!
Working excitedly together, we found a contender for the perfect home in the Richmond/SE Portland neighborhood location as they wanted most – a home quite a bit bigger than they thought they might need, and older than they were considering — but with so many creative uses for the space, on the perfect street and situation and just such a solid wonderful house – their hearts and minds were won. Built in 1899 and so lovingly maintained by a family that had begun their lives there back in 1966.
Their soon to be new home had a story – history, and a feeling of permanence and stability. The home felt right and conveyed the kind of care and earnestness I’d come to know and love about this incredible couple. And of course, the neighborhood makes this area so meaningful for them to live in because of community as well as familiarity. As Lauren described to me: “The night of our house fire we were surrounded by neighbors providing us food, clothes, and support. This is such a caring community, and we want to stay in this area and reciprocate the kindness our neighbors have shown us.”
These two are getting married next year, and hoping to expand their family beyond them and their small dog. I can’t wait to watch them grow and move and thrive and add so much to our already abundant community. So thrilled for them as we say congratulations on their closing this November, and a very very grateful Thanksgiving.
1451 Greentree Circle, Lake Oswego, Portland OR 97034
Stunning Home In Desirable Lake Oswego, Beckons You Into This Bright, Spacious Home With Plenty Of Space To Entertain. Remodeled In 2018 And Well Maintained, This Expansive One Level Home Features High Quality Finishes With Designer Touches, Form Following Function, An Open Floor Plan, The Skylights Allow Natural Light To Pour In From Every Angle. Move-In Ready, Newly Painted Inside! 4 Bedrooms, 3.5 Bathrooms. The Grand Kitchen Features Quartz Countertops, Stainless Steel Appliances, Built-in Wine Cooler, Deep Set Kitchen Sink, And More. This Large Kitchen Makes This The Ideal Home For Hosting! Primary Ensuite Oasis Has Heated Tiled Floors And Soak Tub. Cozy Up To The Indoor And Outdoor Fireplaces And Hot Tub. Excellent For Entertaining! Peaceful And Private Backyard Includes Large Yard Space, Storage Shed, Extra Parking For Your Boat Or RV. Create Elegant Seating On The Deck To Enjoy The Beauty Of The Pacific Northwest. Option To Join And Walk To The Greentree Community Heated Pool. Easy Access To Downtown Lake Oswego, Lake Oswego Country Club, Lake View Village Shopping Center, Whole Foods, New Seasons, Lake Grove Shopping, Restaurants, And More!
OPEN HOUSE Saturday (11/19) From 10am – 12pm
OFFERED AT $950,000
4 BEDROOM | 3.5 BATH | 2,328 SQFT
2 Attached Garage | Lot Size: 0.26 Acres
MLS# 22197451 | TAXES: $8,133.47 (2021)
Highlights & Features
Freshly Painted
New Landscaping
Brand New Carpets
Gourmet Kitchen
Mud room laundry room
Built-in Wine Fridge
Two Sided Fireplace In The Kitchen
House Is Pre-wired For Cat 5 Wiring
Remote Controlled Window Treatment
Kitchen Faucet With Touch Technology
Heated Tile Floors in Primary Ensuite
Smart Thermostat
Newer Roof 2018
Private Outdoor Space
Shed In Back
RV parking
Exterior Hot and Cold Water Spigot
Fresh Landscaping
Outdoor Fireplace
Hot Tub
Epoxy Finished Floors In Garage
WiFi Enabled Garage Door
6-Setting Shower Head In Primary Suite Under Heated Tile Floors
With Sweeping Panoramic Views Of The City, Four Mountains, Bridges & The River This Home Inspires Awe From Every Angle! Spacious Living Area, Expansive Windows, And Large Decks Make This Home Ideal For Entertaining And Enjoying The Beauty Oregon Offers. Charming & Elegant, This Beautiful Home Exudes Luxury! Upon Entrance, It’s An Entertainer’s Dream With A Spacious Chef’s Kitchen Open to The Living Room, Dining Room, Office, And More! Soaring Ceilings, More Views, A Primary Suite, Two Bedrooms, And A Family Room Make Up The Private Main Level. Custom Features Include: Wine Cellar, A Custom Sound Protected Bedroom, Sauna & More! In-Home Elevator Makes Moving From Floor To Floor A Breeze! Gated Driveway Provides Privacy And Convenience! Walk to NW 23rd, Pearl District, Uptown Shopping, Easy Access to Rose Garden & Forest Park. Check Out The Extensive Update List!
Move-In Ready, Newer Construction with Soaring Ceilings! Built In 2017, This Stunning Contemporary Home Features 4 Bedrooms, 3.5 Bathrooms – including en suite! Bright, Spacious Home With Plenty Of Space To Entertain. Living Room, Kitchen Open Floor Concept To Keep Community Together. Natural Light Spills In With Large Windows, Super High Ceilings and Elegant Wood Floors! Stainless Steel Appliances, Washer, Dryer, Granite Kitchen, And Much More! Large Backyard With Plenty Of Space For Raised Garden Beds And Includes Large Storage Shed. Multiple Walk-In Closets With Plenty Of Storage Space! Newly Painted Exterior & Interior, Freshly Landscaped, Attached Garage with Ample Storage & Bonus Detached Garage or Shop, Easy Access To Mt. Tabor Park, The Academy Theater, Grocery Stores, Restaurants, Coffee Shops, Adventist Health Hospital, PCC SE, And More!
OPEN HOUSE Saturday (10/08) From 10am – 12pm
OFFERED AT $675,000
4 BEDROOM | 3.5 BATH | 2,088 SQFT
1 Attached Garage With Adjoining Wood Shop & Detached Garage | Lot Size: 5,250
MLS# 22625615 | TAXES: $9,324 (2021)
Highlights & Features
Extra Attached Garage Space For Woodshop With 210 Outlet
High-Efficiency Furnace And AC
Newly Painted (Interior + Exterior)
New Landscaping
Detached Garage
Built in 2017
Extra High Ceilings
Tons of Natural Sunlight
Brand New Fence In Backyard!
Seller’s Favorite Things About 7834 SE Taylor St.
We love how we feel close to everything. Tons of eateries, hardware store, parks & more.
We love the natural light and high ceilings and that we have 3.5 baths which makes hosting convenient
I love my wood shop attached to our garage and have the option of the detached shop out back.
This is the big question on many buyer minds right now. While interest rates have risen considerably, this does not equate directly to it being a bad time to buy. It all depends on your circumstances and perspective.
If you are deciding to buy vs. rent, buying a home may still be a great option. Purchasing a home can have the advantage of providing security/stability and if financing your home, it will allow you to spend your monthly payment toward an investment you can see a return on in the future. You will also be creating an opportunity for building equity as home values increase over time. Markets will eternally fluctuate. If you buy smart (prioritizing your needs around the unchangeables of a home – location, layout, etc.) and intend to hold your investment for some time (5+ years), riding the waves of the market is much more feasible and most importantly, you can enjoy the home you love in the meantime.
Rates are high, that’s undeniable, but it’s also important to keep in mind that current rates are in keeping with historical averages. (Interest rates since 1971 average in the mid 7’s.)
The climbing interest rates have put downward pressure on pricing, which we see evidence of in increased opportunities at all price points. This can look like: more room to negotiate, an opportunity to come in closer to or below list, less aggressive terms, and with a decreased number of buyers in the market, less competition. However, there are still a good deal of motivated buyers in the market and we are still seeing competition for highly desirable homes.
Most homeowners refinance their home in the first 3-7 years. The rates today are not something you have to view as a marriage, but the home you buy is. Higher interest rates are just one factor in the process of deciding whether now is the right time to buy for you.
As Real Estate professionals, we aim to help each client elevate all questions by providing more perspective and information on the options available to them. The result is a more informed decision no matter the outcome and this team excels at supporting people in that process. We are here to help.
I am pleased to say, I have had the privilege of helping the most amazing clients this year and I love my time with them. One thing folks don’t always consider when they are getting started, when either buying or selling a home, is how many people it takes to make a great experience in real estate. I am here as the dedicated advisor and through the years I have met many great inspectors and contractors.
I am happy to connect my clients with as many contractors and specialists as needed, along the way.
For example, I love working with a steadfast, smart, and grounded home inspector like Uli Sommers with Sommers Home Inspections. And my go-to Escrow officer, Steve Skare my go-to Escrow officer at First American Title.
Now, here is the eye candy; a few of the cute houses I’ve helped my clients buy and sell this year.
What is going on in today’s market? Is now a good time to buy or sell?
Most real estate brokers are getting these types of questions on the daily these days.
As we move into Fall with mortgage rates bouncing around 6.5%, over twice what the average rate was 12 months ago, most folks think the days of over list multiple offers and 1 or 2 days before going pending are gone.
Not so fast my friend. Quality homes that are priced more on the conservative side are still seeing brisk movement and good sale prices. Case in point, a single story renovated ranch in Tigard recently went on the market on a Monday morning, had two offers over list in 24 hours and was pending by Tuesday evening.
This transaction went pending about 3 weeks ago and given all the market uncertainty currently the seller was very pleased with the result. Over list by about 10%, pending in less then 48 hours, no repairs and the appraisal came in on target.
In today’s market be sure and take a conservative approach when it comes to pricing, comps from over 8 months ago should be reviewed with a skeptical eye as they likely will give sellers a false sense of value when it comes to a reasonable list price.
The moral of the story is simple, be sure your agent is not being overly aggressive with your list price.
This gorgeous Old Portland is gracefully perched above the street in a prime southeast Portland location. The spacious welcoming front porch is the perfect spot to enjoy your morning coffee or an evening glass of wine. A formal entry leads to the sunny and spacious living room and dining room featuring hardwood floors and original built in cabinetry. The generous kitchen includes a nook for dining as well as access to a private, fully fenced, back deck and lush garden. The perfect BBQ spot! Upstairs, three generous bedrooms each have their own walk in closet. The tastefully updated hall bath has double sinks for those busy mornings. The basement is unfinished and ready for your vision with access to an attached tuck under garage that allows for exterior entry. Perfectly located near shopping, restaurants, cafes and shops. An easy walk or bike ride to New Seasons, Clinton shops and cafes, and Division Street “Restaurant Row”. Updates include: Seismic upgrades, vinyl windows, siding, roof and sewer. Newer hot water heater, furnace and electrical panel. Enjoy all that this special house, and great neighborhood, have to offer!
Entertainer’s Delight In Oregon City With Plunge Pool! $680,000
OPEN HOUSE SATURDAY (08/27) FROM 10AM – 12PM
19123 Lot Whitcomb Dr, Oregon City, OR 97045
Move-In Ready, Newly Painted Inside and Out! Cheerful Home In Desirable, Quiet Oregon City Neighborhood. Bright, Spacious Home With Plenty Of Space To Entertain. Open Family Room With Brick Fireplace. Cozy Breakfast Nook To Enjoy. Elegant Granite Counter Tops In Kitchen With Island. Recently Renovated Kitchen. Spacious Primary Bedroom With Walk-In Closet. Extensive Interior And Exterior Amenities Including High Ceilings, Double Oven, Stainless Steel Appliances, Landscaped To Create A Private Backyard Oasis. In-Ground Hot Plunge Pool Can Be Used As A Cool Pool During Summer! Option To Be Part Of Private Neighborhood Pool. Easy Access To Ainsworth House And Gardens, Hillendale Park, Grocery Stores, Restaurants, Coffee Shops, And More!
OPEN HOUSE Saturday (8/27) From 10am – 12pm
OFFERED AT $680,000
4 BEDROOM | 2.5 BATH | 2227 SQFT
MLS# 22459822| TAXES: $6,390.20 (2021)
Optional HOA Fees: $50 Monthly (Includes Access to Community Pool)
Highlights & Features
Move-In Ready!
Easy Access To Ainsworth House & Gardens
Repainted Interior
New Trim In Downstairs (2022)
New Carpets (2022)
Newly Painted Exterior and Doors (2022)
New Vapor Barrier In Crawlspace (2022)
New Furnace (2022)
Newer Water Heater (2016)
In-ground Sprinkler Installed
Plunge Pool! – In Ground Hot Tub Can Be Used As A Cool Pool During Summer
Seller’s Favorite Things About 19123 Lot Whitcomb Dr
Private Backyard Oasis!
Quiet Neighborhood.
Great Community!
The Neighborhood Was Built Around Ainsworth Home & Gardens. Our Neighbors Host An Occasional Get Together At Ainsworth Home & Garden To Help Keep The Community Connected.
Move-In Ready! Lovely, Spacious Bethany Home In A Quiet Neighborhood. Nearby Parks, Trails, And Shopping Combine Convenience And Nature All Around. A Home To Enjoy Every Space From. Great Room With Cozy Gas Fireplace, Wood Laminate Floors. Large Primary Bedroom Features Walk-In Closet And En-Suite Bathroom. Head On Back To Your Level Backyard With Privacy Trees, Concrete Patio Perfect For Summer BBQs And Social Gatherings. Kitchen Flow Includes Granite Countertops, Breakfast Bar, and Stainless Steel Appliances. Newer AC Unit, Water Heater, Carpet, New Interior Paint & More. Easy Access To Highly Rated Schools, Hwy 26, Tanasbourne Towncenter, Kaiser, Claremont Golf Course, & Parks. Close to Intel, Nike & More!
Sweet 2 bedroom/1 bathroom English Cottage perched above one of NE Portland’s loveliest streets! Strong one-level living option with entry; large living room with gas fireplace and built-ins; dining room; remodeled kitchen with custom maple cabinets and stainless appliances; and two generous bedrooms on the main floor.
Gorgeous wood windows, wood floors and period details throughout. Full basement has great ceiling height and is ready for finishing. Fenced outdoor spaces framed by dazzling spring Cherry trees!
Just blocks to the shops and restaurants in fun Beaumont Village. Central A/C!
As we head into a shifting market the conversations I’m having with my clients are taking on a new tone once again. Interest rates are up, buying power is down and some homes are staying on the market longer than 5 days (gasp!). Last summer the brokerage asked us if we could tell Buyers & Sellers one thing, what would it be?
My answer: be PREPARED, PATIENT & PERSEVERANT.
be PREPARED:
It’s important to work with an agent who is keeping up with the changing market. Have a plan before you start shopping for homes or listing your home on the market. Get an pre-approval with current rates to fully understand your buying power. If you are gearing up to sell this summer, spend extra time discussing pricing strategy with your agent. Past sales data is a great starting place but understanding the nuances of the changing market is also extremely important right now. Take your agent’s advice on how to get your home ready for the market – buyers are soon going to have more choices & will not feel as rushed into selecting a home. Make sure your home stands out!
be PATIENT:
Make sure to go over expectations with your agent before listing your home. In 2022, market time has decreased by 21% compared to 2021 however that is expected to change. Especially as we head into the summer months where things typically slow down a bit. If you are heading out to start home shopping, know that fewer listings may be coming on the market in July & August. Take your time if you can!
be PERSEVERANT:
These next few months (maybe years) are going to look a lot different than what we are used to. If you find yourself with a home staying on the market longer than a weekend, it’s going to be ok. Have a plan and communicate with your agent regularly. Buyers who have been fighting the good fight, writing offer after offer may start to find some relief with less competition. If increased rates have lowered your buying power, talk to a lender about creative options that may work for you. Don’t give up!
Between March 1st and June 30th of 2022, the real estate market here in Portland saw appreciation rise at a rate not seen since, well, ever. Over 20% year over year. Despite the challenges of the market, particularly being a buyer, I had 10 buyers and 5 sellers successfully close on homes- all on the east side in the City of Portland. Of those buyers and sellers- 2 sellers were able to buy first and closed in March, and then sold their homes April and May. Another of my sellers was able to sell their home and buy their next one within a couple of weeks in June. Six of my buyers were first time home buyers, and 1 of my sets of buyers purchased the home they had been renting directly from their landlord off-market. Lucky ducks. Of my 10 buyers, 7 got the first home they wrote an offer on, 2 got the second house they wrote on and 1 set got the third and best house they wrote on. The total number of homes I wrote a total of 14 offers. The youngest house I sold was a 1960 rancher in Parkrose Heights, and the oldest was a bungalow in the Richmond neighborhood built in 1912. Three of the houses got new roofs, 2 got new sewer lines, and 2 had leaking oil tanks- all of which were taken care of by the seller.
My 5 sellers did really well. Four of my sellers received multiple offers, and the fifth set of sellers accepted the first offer they received which was well over asking and submitted less than 24 hours after we went on the market. Of the 5 homes I listed, 4 were ones I had originally sold to the sellers. Bringing it full circle. Of my five sellers, 3 bought new and larger homes in Portland, and 2 moved out of state. The youngest house I sold was a condo built in 1972 on Jantzen Beach. All the other homes were built between 1906 and 1953. None of my sellers made any repairs, and only 2 gave closing cost credits/concessions for needed repairs. I sure know and love old houses.
My buyers homes!
Everyone of my clients was either a past client of mine, or a referral from another previous client, a friend or lenders I partner with. Fifteen transactions in 3 months is a lot for little old me who doesn’t have an assistant and doesn’t want one. Those are probably at least half the number of transactions I’ll have the honor of working on for the entire year. So much joy and happiness to be surrounded by.
They say the best time to plant a tree is 10 years ago; the second best time? This-coming fall.
As average summer temperatures continue to rise in the Pacific Northwest, the importance trees and other plants play in cooling our urban landscape cannot be overstated- particularly in areas of the city that do not already benefit from established tree canopies.
Every five years since 2000, the city of Portland has counted the number of trees in the city. The most recent count (2020) found that, for the first time since data collection has begun, the number of trees in our city has declined by nearly 800 acres. That’s a decline approximately equal to the number of trees in Mt. Tabor Park.
The largest area of loss during that five year period was in residential areas, particularly in East Portland neighborhoods that already suffer from a lack of shade. While city code requires a permit for removing street trees (and private property trees beyond a certain size), and replacement of any trees that are taken down, the data indicates that many people are choosing not to replace the trees they remove.
So what difference do trees make for the livability of our neighborhoods- both now and in the future? During the 2021 “heat dome,” scientists from Portland State University (PSU) measured average temperatures in different parts of the city to determine the impact shade trees had in mitigating heat. In the relatively unprotected East Portland neighborhood of Lents, for example (where my partner and I live), the temperature was clocked at 125 degrees; conversely, shady Northwest Portland stayed a relatively cool 99 degrees.
While this information might prompt some to seek out neighborhoods with established canopies already- it’s important to remember that, with some planning and just a few years time, we can greatly improve tree canopies in neighborhoods that currently lack them- and that benefits all of us.
When my partner and I first moved into our Lents home just six years ago, the yard was a barren hellscape of torn up grass and weeds. We’ve since planted more than 15 trees on/around the property- some large, some small- and over 150 species of flowering plants. In just a few years time, our yard feels like a completely different place. While there are many intangible benefits we enjoy as a result of these plantings, one thing is certain: our home and yard stay much cooler during the summer than they used to.
Summer isn’t a good time to plant a tree- but it’s an excellent time to decide where to plant a tree. West and southern-facing areas of your home will often benefit greatly from a deciduous tree that lets sunlight (and warmth) through in winter, but leafs out to provide shade (and cools the air) during the hottest time of year.
While fall is the best time to plant a tree, it’s not always the best time to research options- especially if you’re shopping for a deciduous variety that drops its leaves. The best time to start your search is often in summer, when you’ve got a chance to evaluate your site during the harshest time of year- and you can see for yourself how dense the shade of a particular tree will be over time.
The city of Portland’s Department of Urban Forestry is a wonderful resource for researching trees for your space, as are local nurseries like Cistus, which specializes in species that are well adapted to our changing climate.
Do you have areas of your back or front yard that remain unused during July-September because they’re just too sunny and hot for large parts of the day? Planting tree nearby can provide dappled protection that, in just a short amount of time, can bring an unused space to life. If you’re thinking of listing your home for sale, consider adding trees to the landscape as part of your preparation strategy. Trees add curb appeal, ambiance, and value to properties that lack them.
Want to nerd out on trees? Looking to add a tree that will improve the curb appeal of your home and provide much needed shade to our urban canopy? Give me a holler! I love putting my landscape design background to use for clients.
Classic 1916 built home on a quiet street centrally located within close proximity to all the good stuff in St. Johns and Pier Park (disc golf, skate park, pool…). Features include a tuck-under garage, a covered front porch perched high above street level. Lovely period details grace the inside with additional tasteful upgrades like the spacious kitchen that opens out to a private back deck and gardens leading to an over-the-top art/yoga studio with floor to ceiling roll-up door. Check it out!
Thoughtfully renovated bungalow with modern floor plan and high-end finishes and fixtures. Light filled entry and living room opens to dining room and gourmet chef’s kitchen. Main floor also includes a family room, a bedroom/bathroom combo and laundry to accommodate one level living. Spacious primary suite on second floor with deluxe bathroom and beautiful built-in storage. Fully finished lower-level studio offers great flexibility for bedroom suite or media/guest room combo and boasts storage galore — ideal for inter-generational living! Fully fenced private back yard with sweet patio. New windows, paint, HVAC, plumbing, electrical, insulation, seismic and sewer. Perfect Dolph Park street —close to schools, shops, restaurants and parks!
In a competitive market, having frenzy take hold and light fire under a buyer’s decision making is a true risk. Not only does a low inventory market promote a sense of “there’s not enough” that can create a survival mode mentality, but it fosters an environment of uncertainty that can lead buyers down a “don’t want to, but feel like we have to” path. If buyers succumb to the frenzy or are not partnered with wise and stable counsel, this can manifest as buyers offering over what they can comfortably pay for a home, settling on areas of a home that don’t line up with their core values, and investing in inspections unnecessarily on a home that ultimately will not be the right fit. We try to instill a sense of empowerment and stability in the midst of uncertainty. The reality is that nothing is certain, but what we can control is how we respond.
Here are a few simple tips:
1. MAKE A LIST of the top three things you do not want to compromise on. There is no perfect house, but if you are able to hone in on the areas you are willing to compromise on and take the time to get in touch with your non-negotiables, this will make for a more empowered search and you will feel clearer on when to walk away. If you are buying a home with someone else, make these lists separately, then discuss where your lists overlaps and make a new list together.
2. THE FINANCIAL GUT CHECK. This can be difficult because the reality of the market, your needs in a home, and your financial comfort all need to be considered and valued collectively. Taking the time to see if what you want in a home lines up with the reality of the market is step number one. There is nothing worse than chasing a unicorn to the point of disappointment months later. We will provide support as you test the waters and get a sense of what homes are within reach so you can make an educated decision for your life and financial future. If what you are seeing in the market at your price point lines up with your needs, we can move forward with realistic expectations and healthy boundaries around when (if ever) it makes sense to stretch your price point goals.
3. BUY LOCATION AND LAYOUT. Remodeling a kitchen is easier than moving a house. When we say “buy location,” we mean buy a home in a location you will be happy living in. Even if walkability is not one of your priorities, liking your neighborhood is important. This may seem obvious, but many people have fallen in love with homes in otherwise undesirable locations only to find themselves wanting to move a few years later. If you like where you live, you are buying longevity in the home. Simple as that. Of course, we need to balance this against your tolerance for home improvement, but the bottom line is paint can always come later. Likewise, it is much easier to change the cosmetics of a home than it is to change the layout. Look past the aesthetics to the fundamentals of a home’s layout to see whether it has the potential to meet your housing needs for years to come.
There is a lot of news right now about the instability of the housing market. While the market will always fluctuate, if you buy a home that can adapt to your life long-term if needed (regardless of your short-term plans), your satisfaction with your home and investment has a greater chance of outliving any market volatility.
I knew this home was special when I laid eyes on her; a stunning red Craftsman beauty whose walls have more stories to tell than I ever possibly could — eager and waiting to be lovingly restored. I am so glad this home landed into the illustrative and loving hands of the very talented tattoo artist, Chaz Vitale. If there is anyone with the proper eye and admiration of architectural design, it is Chaz. The amount of queer magic and love being poured into this home is absolutely immeasurable and I am beyond ecstatic to have had any part of it. We connected in more ways than one, coming from the same marginalized communities of being queer and trans people. I deeply believe this made our experience feel more bonded and emotional at that. Chaz, thank you for bringing your necessary artistic flair to the Alberta Arts District. You are needed here and I am so dang proud of you!
I can only aspire to continue to build connections with more BIPOC, queer, non-binary, trans, etc. clients in the future. Curating connections in our communities is vital to both my business and, well…my soul. My role in real estate is to advocate for all of my clients but especially those that come from similar backgrounds and share familiar life experiences. I am so grateful to have the trust of my clients in an industry that hasn’t always held our best interests; rest assured, I, Río Palomares will advocate to the best of my ability and ensure you get the representation you not only seek but deserve.
This cheerful, well-maintained home is 100% move-in ready as is. It also offers plenty of space for all your hobbies and opportunities to expand and grow your equity!
This entertainer’s dream features a massive open living room that flows into the kitchen and dining space, with treetop views and ample natural light pouring through the windows. Tons of storage and a large island make this kitchen a functional dream for the chef in your life. Enjoy your morning coffee or an after-work brewski on the covered back deck, directly through the sliding door off the dining area.
The large primary bedroom features a dreamy walk-in closet and en-suite bathroom, with two more large bedrooms, full bathroom, and dedicated laundry space rounding out the upstairs. Below, an oversized 4-car garage + 400 sq ft space with electrical, drywall, and dirt floor = unlimited potential. Build an ADU or massive workshop or expand the main house downstairs?
A sliding door from the kitchen to a private back deck increases your living space even more. Down the back steps, relax and enjoy the sunshine in this peaceful gardener’s backyard. Brand new roof in April 2022! Minutes to transit, highways, and the best of Lents + SE.
3 bed | 2 bath | 1402 sqft | 4 car garage + 690 sf unfinished space | 0.11 acres
This versatile, charming, and income-generating bungalow offers countless living options! Perched above the Ainsworth park blocks, vintage charm is preserved in the details: the hobbit door, coved and tray ceilings, original hardwoods, and penny tile floors.
The kitchen features a gas stove, large dining space with picture window maximizing natural lighting, wooden cabinets, granite counters, stainless steel appliances, and newer light fixtures. The kitchen and dining space open to an ample living room, the focal point of the home. Curl up with a book or host game night here, enjoying the cozy warmth of the wood-burning fireplace.
Continue on to 2 bedrooms (one accommodating a king size bed and the other with a custom Murphy bed) and darling shared bathroom. The basement features a large flex space with kitchenette, bedroom with egress window, a full bathroom, and separate utility room with laundry. With direct access from the main house and additional exterior entry to the basement, the options are endless. Entertaining, work from home, guest space, or a potential second ADU? You choose!
The large 2-car garage was completed in 2020. Above it is a design-forward 400sqft ADU with all the goodies: custom woodworking, engineered maple hardwoods, quartz counters, Ikea cabinets with semi-handmade faces, Fisher Paykel refrigerator, dish drawer, and gas stove + Bosch washer and dryer, subway tile in shower, instant hot water heater (gas), double paned wood windows, and air-sourced heat pump for heating and cooling for year-round comfort.
The fenced backyard features raised beds and a newer paver patio for summer evenings under the stars. A wide gate provides direct alley access. Oh, and did I mention there’s a sauna? Come fall in love!
3 bed | 3 bath | 2 car garage + ADU | 2298 total sq ft | 0.11 acres | built 1928
. 
oliday season I promised myself that despite the typical holiday chaos, I would try to take some time for myself and do something fun that I’d been putting off. Binge watching the 
Exploring Multnomah Village: A Culinary Journey through Portland’s Charming Neighborhood
A thanksgiving story — not in a traditional, seasonal holiday sense with turkey and stuffing and finding enough matching place settings for all the folks trundling your way, but one of some of the dearest clients: maybe-buyers I had the wonderful good fortune to meet in a lovely home I had held open in September, located smack dab in the neighborhood they’ve been rooted in together for years – they’d lived just a block away from there “close enough to get to Salt & Straw very quickly” being one of the qualifiers on location as it would turn out. Meeting these two immediately warmed my heart and enriched my life, setting us on a journey to find a solution together for the challenge they were facing: repair their current home, or search for something new to close a difficult chapter for them and move on from the loss and heartache brought on by a house fire Christmas eve 2021. They lost their cherished home they’d poured so much time and energy into. While they were originally planning to rebuild, they saw the above mentioned home in their neighborhood, OPEN HOUSE sign out front, and somehow that rekindled the sense that they could find something new to love and grow into.
