Category Archives: TIGARD HOMES FOR SALE

The very latest real estate numbers & stats for Portland-Metro as of 2-15-2018

The first month of 2018 is in the books! The real estate numbers look pretty darn good! Take a look at the graphs. there are three that give different , and the most CURRENT information on our Portland-Metro real estate market.

Inventory rose a bit in January, ending at 2.2 months. 2.2 months is still a low number. Ideally, we want months of inventory to be around 5-7. This just means we are in  a sellers market still. Anything under 6 months of inventory is a Seller’s market.  During the same period, total market time increased by five days to end at 60 days. This in conjunction with the low inventory send a signal that possibly we will see more homes on the market soon.

We are seeing, on average, +7.6% appreciation in homes. That is a very good number. Where else can you get +7.6% growth, on average, just by living in your home, having a rental, or holding property? The median appreciation is even higher at +8.6%! I’m a big advocate for home ownership. It’s just a win, win, win all around for YOU!

Finally, take a look at the graph that breaks down the different Portland-Metro locations and their individual stats! Days on the market, appreciation schedule, average sales price, etc.  We are seeing POSITIVE appreciation in all areas. the highest is Mt. Hood at 16.2% and the least is West Portland at 3.2%. Take a look at the areas that you live or are interested in. Each neighbor hood also has different appreciation values.

If you would like more information about selling and/or buying ion today’s market, please call, email, or text anytime. I’d love to go over what your home value is, steps it takes to sell, what to do to get ready to sell, and what to expect when you sell ans/or buy. I’ve helped many people be successful and I can help you too!

Five Star award recipient 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, Realtors, Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon

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

 

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New Real EstateTax Law – 5 Effects to Home ownership and 1 unchanged

Have you heard about the new tax laws? Congress’ recently passed tax reform, has five changes that might effect homeowners.

  1. Mortgage Interest Deduction

The mortgage interest tax deduction is touted as a way to make homeownership more affordable. It cuts the federal income tax that qualifying homeowners pay by reducing their taxable income by the amount of mortgage interest they pay. Beginning in 2018, the deduction is scaled back to interest on debt up to $750,000, instead of $1 million, for people who buy homes on or after Dec. 15, 2017.

  • Tax Law Through 2017: You may deduct the interest you pay on mortgage debt up to $1 million ($500,000 if married filing separately) on your primary home and a second home.
  • Tax Law Beginning in 2018: For homes bought before Dec. 15, 2017, no change. But for homes bought Dec. 15, 2017, or later, you may deduct the interest you pay on mortgage debt up to $750,000($375,000 if married filing separately).

 

2. Property Tax Deduction

The former tax law eased the pain of paying property taxes by allowing qualifying taxpayers to reduce their taxable income by the total amount of property taxes they paid. Beginning in 2018, the deduction is limited to a total of $10,000 for the cost of property taxes, and state and local income taxes or sales taxes.

  • Tax Law Through 2017: You may deduct the property taxes you pay on real estate you own.
  • Tax Law Beginning in 2018: You may deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either state or local income taxes or sales taxes.home-167734__340

3. Home Equity Deduction

On top of the mortgage interest deduction, the former tax law added a deduction for interest paid on home equity debt “for reasons other than to buy, build, or substantially improve your home.” So, for example, if you borrowed from a home equity line of credit to pay tuition, the interest you paid was tax-deductible. Starting in 2018, the deduction is eliminated for interest paid on home equity debt.

  • Tax Law Through 2017: You may deduct interest on up to $100,000 of home equity debt ($50,000 if married filing separately).
  • Tax Law Beginning in 2018: Eliminates the deduction for interest on home equity debt.

4. Mortgage Interest Deduction For Second Homes

You may deduct interest on mortgage debt on your primary home and a second home. The new law keeps this part of the former tax law in place, although it reduces the amount of eligible mortgage debt, as seen in item No. 1 above.

  • Tax Law Through 2017: Deduct the interest you pay on mortgage debt up to $1 million ($500,000 if married filing separately) on your primary home and a second home.
  • Tax Law Beginning in 2018: Deduct the interest you pay on mortgage debt up to $750,000 ($375,000 if married filing separately) on your primary home and a second home.

 

5. Moving Expenses

Under the former tax law, you could deduct some moving expenses when you moved for a new job. You had to meet complex criteria involving distance and timing of the move. Beginning in 2018, only active-duty members of the armed forces will be allowed to deduct moving expenses.

  • Tax Law Through 2017: Deduct some moving expenses if you meet distance and time requirements.
  • Tax Law Beginning in 2018: Only active duty members of the armed forces may deduct moving expenses.

 

Capital Gains rule has NOT changed

Changing the capital gains rule was on the chopping block, but thankfully it has not changed. When you sell a house, the capital gain is the difference between the price you paid for it and the price you sold it for. This capital gain is treated as taxable income. If you owned the house long enough, you’re allowed to exclude up to $500,000 (for married couples) of this capital gain as income so you don’t have to pay federal income tax on it. (The exclusion is capped at $250,000 for taxpayers filing separately.)

  • You must have owned the home, and used it as your primary residence, during at least two of the five years before the date of sale. You cannot have used this exclusion in the two years before the sale of the home.

Would you like to know more? I’m not an accountant, but I can give guidance on home values, market conditions, buying, selling, and a couple great recommendations. For more information the new tax laws contact tour favorite CPA or call me and I’d be happy to refer you.

Five Star award recipient 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, Realtors, Direct 503.380.9634, Email-   homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

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

Thanks you Lewis Holden for the original article sited here.

Lewis, Holden, and Holden Lewis Holden is a personal finance writer for NerdWallet. He previously covered mortgages and real estate at Bankrate. Read more twitterTwitteremailEmail. “Tax Plan Compromise: What Happens to Homeownership?”NerdWallet, 20 Dec. 2017,

 

SELLER and BUYER TESTIMONIAL 12-2017

“I always knew if I were ever to sell my home I would have Rachel do it. Her reputation precedes her!

Rachel knows her stuff. She knows who to call and how to get it done. You have questions Rachel gets answers. Dedicated and knowledgeable. And nice!!

She stuck with it and made it all work and was there with a shoulder to cry on if needed. And after all that found a perfect new home and literally made it happen. You won’t go wrong with Rachel. She gets the job done and becomes a friend in the process.

Love ya Rachel!”

-Martha Tidwell

Thank you Martha! It was my honor to work with you. I think your pretty awesome yourself.

Five Star award recipient 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, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

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

5 Steps To A Bedroom Makeover

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Ready to refresh a bedroom in your home? Here are five steps to get the process headed in the right direction.

  1. Choose a color scheme. Don’t make this decision harder than it is. If you’re stuck on choosing a color, start with a neutral (such as gray, creamy white or taupe) and decide on one or two accents that can be easily changed as time goes on.
  2. Start sorting. Before you bring in anything new, you must get rid of the old. Donate current bedding, furniture and decorative items that cannot be recycled or refinished to fit the new decorating theme.
  3. Pick timeless pieces. For the big-ticket items like a comforter or dresser, choose pieces that will stand the test of time. Use smaller items like throw pillows to add color, texture and patterns.
  4. Change up the layout. While new furniture and a coat of paint can help change the feel of a room, a new layout can take it one step farther. Rearrange furnishings to give your room a fresh feel.
  5. Switch out light fixtures. If you have a floor lamp, add a chandelier. If you like to read at night, add some soft lighting over your bed. Look for warm lights and avoid fluorescent bulbs that will make your room feel sterile.

IT’S A GOOD LIFE!!

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

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

Direct: 503.380.9634, Email: homesforyou@frontier.com

View ALL available houses on the market on my website

Licensed in the State of Oregon

***I’M NEVER TOO BUSY FOR YOU AND YOUR REFERRALS***

CLIENT TESTIMONIAL FROM AMY!

Thank you Ken & Amy for the opportunity to once again be of service. Being called in to help your Parents is an honor i don’t take lightly. I really appreciate the fine testimonial. Thank you!

I have known Rachel for over 13 years, this is not the first time I have worked with her. Rachel is always very professional, attentive to detail and easy to work with… she never left any questions unanswered and always responded promptly. She works hard for her clients and deserves the highest praise.. I would highly recommend anyone seeking a truly professional realtor to connect with Rachel.

Thank you Rachel for your VERY hard work and dedication.. we truly appreciate it.

Amy Koppler

Five Star award recipient 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, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

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

What’s happening in our Market now?

4th quarter info

This is a page from my quarterly newsletter that is chocked full of stats and current real estate numbers. We are looking good!  For information on your area and neighborhood please call, email, or text anytime!

Five Star award recipient 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, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

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

Client Review from Rachel P.

Thank you Rachel for taking the time to write this testimonial! i think your the best!

Rachel is nothing less than amazing. We sold our home during an emotionally difficult situation and she was immediately there to help and reassure us every step of the way. What seemed to start as a pretty cut and dry situation turned very difficult, she was patient with my weekly (probably more) melt downs, and she fought for our best interest. When dealing with people who were anything but professional she always stayed classy. I will definitely be calling Rachel the next time I need a realtor. Her years of experience and passion for people makes her the best around.

Five Star award recipient 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, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

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