How to spot the next hot neighborhood

next hot neighborhood

Location, location, location
Location is one of the most important elements – if not the most important element – to consider in a home search. While it’s easy to find markets that are already buzzing, how can you spot up-and-coming neighborhoods?

Uptick in businesses
Take note when chic hotels, stylish boutiques and trendy restaurants begin to emerge in the surrounding areas. If a neighborhood is creating a higher demand for new venues, then its property values are likely to soar.

Fixer-upper potential
Neighborhoods that may be considered past their prime but offer unique architecture and structural integrity are prime real estate opportunities. Victorian, Tudor and Spanish-style older homes are popular, especially among millennials and first-time home buyers who are willing to invest in a home that requires a little extra love, attention and elbow grease.

Fast-selling properties
As homes begin to spend less and less time on the market, it’s a good sign that the neighborhood is increasing in popularity. Sometimes, it only takes a few buyers taking an interest in a neighborhood before other buyers take note and begin to see its potential for future growth.

 

Call me to talk more about buying “smart!”

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

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SELLER TESTIMONIAL

“Thank you so much for your expertise and kindness in selling my home. It is often hard to let a home go – and to try to quantify the priceless memories it holds. You were thoughtful and respectful of me and my sweet home. You brought joy and calmness to the process- and always found the right step to take to support the best price for my home.

Thank you thank you thank you for all that you did to sell my home and support me. I always felt like your only and most treasured client. . .

Blessings always to you.

Elizabeth”

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

Home-buying lingo for beginners

Buying a home means entering a new world filled with what may be unfamiliar terms. Here’s a short cheat sheet to help you increase your real estate vocabulary.

Appraisal: Estimated value of a property, conducted by a licensed residential real estate appraiser.

Comparative market analysis: A study of comparable homes to determine a reasonable asking price for a property.

HOA: A homeowners association is an organization that determines the rules and standards of a community.

Due diligence: Actions, such as a title search, that responsible buyers take in order to protect their real estate investment.

Earnest money: A deposit made to a seller that demonstrates the buyer’s good faith and is applied toward the down payment at closing.

Title: A term referring to the ownership rights and possession of a property.

Contingencies: A condition or action, such as a home inspection, that must be met for the real estate contract to become binding.

Escrow account: Where earnest money is held by a third-party, such as a title company or bank, until the closing.

Any other terms tripping you up? Reach out, let’s talk!

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a CURRENT list of ALL available Houses on the market on my website.

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Licensed in the State of Oregon and Washington

Thinking about flipping a house?

BuyRenovateResell

The availability of homes on the market is low while the demand is high, especially for first-time buyers. If you have some cash to invest, you may be considering flipping a house.

Don’t forget, the length of time required to update the home is one of the biggest factors that can turn your flip into a flop. Avoid getting stuck with a fixer-upper that becomes a real money pit by consulting a real estate professional. Realtors® have valuable insights into the local market and can help line up motivated buyers while you complete the renovations.

Know your options.
You may plan to do most of the work yourself, but you may also need the expertise of an electrical or plumbing contractor. Obtain bids from several contractors even if you hit it off with the first contractor you meet. Gather references and look for reviews online where you’ll likely see the most unbiased feedback.

Reduce square footage.
While it may be tempting to maximize profits by building an addition on the house, remodeling as opposed to expanding is one of the simplest ways to save. Appeal to buyers by focusing on features trending in the market, such as an open floor plan or updated kitchen.

Invest sweat equity.
Even if you don’t see yourself as particularly handy, chances are you’re capable of completing a few projects yourself. Consider taking on the finishing touches of landscaping, painting, replacing doors and trim, or installing new appliances to increase your return on investment.

Please call, email, or text Rachel for more information on flipping, or to get started.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a CURRENT list of ALL available Houses on the market on my website.

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Licensed in the State of Oregon and Washington

SELLING YOUR HOME ? How much is it worth?

Selling your home

Call or email today to get started. Together we’ll explore the possibilities in our ever-changing real estate market.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-  homesforyou@frontier.com

View a current list of ALL available Houses on the market on my website.

My business is referral based.
If you’ve enjoyed my service, please refer me!

Licensed in the State of Oregon and Washington

 

Testimonial from a happy client!

“Rachel recently guided us through the process of buying our first home, and her expertise, commitment, and tenacity were invaluable from start to finish. We came into this process with a lot of questions and very little knowledge of what to expect along the way; from our first meeting with Rachel, she provided us with a lot of clarity and communicated to us what each step of our home search and purchase would look like. With each house that we looked at, Rachel helped us not only define our priorities more clearly but also identify areas where we were willing to be more flexible. She was able to do this without ever being pushy or pressuring us into making decisions; she intuitively knows how to advise and guide while respecting buyers’ opinions and feelings.
Throughout our home purchasing experience, I have always felt confident in Rachel’s abilities and trusted her feedback. In addition to being first time homebuyers, we were looking for home with a budget that was at a competitive price point at a time when the housing market was not very favorable to buyers. Before purchasing what is now our home, we began the process of purchasing another house, which we had to back out of at the inspection stage. This was incredibly stressful and disappointing, but Rachel provided us with sound advice along with kind encouragement as we restarted the search process.
After this, Rachel helped us navigate the complexities of purchasing a foreclosure, which wasno small feat. She advocated for us to ensure that we were getting a fair deal and to get repairs done in the house before we moved in, and she communicated with us daily to make sure we were informed of every development. Without her, I truly don’t know how we would have made it to the home buying finish line.
Beyond her extensive knowledge and formidable skills, Rachel is generous, funny, and kind. Her positive spirit and determined attitude make her a pleasure to work with, and I can’t recommend her highly enough.”

~Mary Young and Jaime Vega Gomez

 

Five Star award Winner 2011- 2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- homesforyou@frontier.com

View an accurate list ofALL available Houses on the market on my website.

My business is referral based.
If you’ve enjoyed my service, please refer me!

Licensed in the State of Oregon and Washington

 

Most current RE stats for Portland-Metro

May Market Report Portland 2018

May Residential Highlights
New listings made some gains this May in the Portland metro area. At 4,665, new listings outpaced May 2017 (4,388) by 6.3% and rose 16.9% from last month in April 2018 (3,990). This was the strongest May for new listings since 2008, when 5,182 were offered in the month. Closed sales (2,803) fell 3.2% short of the 2,896 closings recorded last year in May 2017 but showed a 11.1% increase from last month in April 2018 (2,523). Pending sales (3,201) fared similarly, decreasing 6.8% from May 2017 (3,435) but rising 6.4% from April 2018 (3,008). Inventory in the Portland metro area remained unchanged in May. During the same time, total market time decreased by five days to end at 37 days.

Year to Date Summary
Activity so far in 2018 is a little mixed compared to 2017. New listings (17,506) are up 4.9%. Closed sales (11,492) are down 0.2%, and pending sales (13,360) are down 0.8%.

Average and Median Sale Prices
Comparing 2018 to 2017 through May of each year, the average sale price rose 5.9% from $423,800 to $448,600. In the same comparison, the median sale price rose 8.0% from $370,000 to $399,500.May Residential Highlights
New listings made some gains this May in the Portland metro area. At 4,665, new listings outpaced May 2017 (4,388) by 6.3% and rose 16.9% from last month in April 2018 (3,990). This was the strongest May for new listings since 2008, when 5,182 were offered in the month. Closed sales (2,803) fell 3.2% short of the 2,896 closings recorded last year in May 2017 but showed a 11.1% increase from last month in April 2018 (2,523). Pending sales (3,201) fared similarly, decreasing 6.8% from May 2017 (3,435) but rising 6.4% from April 2018 (3,008). Inventory in the Portland metro area remained unchanged in May. During the same time, total market time decreased by five days to end at 37 days.

Year to Date Summary
Activity so far in 2018 is a little mixed compared to 2017. New listings (17,506) are up 4.9%. Closed sales (11,492) are down 0.2%, and pending sales (13,360) are down 0.8%.

Average and Median Sale Prices
Comparing 2018 to 2017 through May of each year, the average sale price rose 5.9% from $423,800 to $448,600. In the same comparison, the median sale price rose 8.0% from $370,000 to $399,500.

If you’ve thought about selling please give Rachel a call for information on your home value, steps it takes to sell and what to expect when you sell and/or buy. She has helped many people successfully sell their home and she can help you too! For more information on the current real estate market and how you fit in it please call, email, or text anytime.

 

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View a current list of ALL available Houses on the market on my website.

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Licensed in the State of Oregon and Washington