Tag Archives: Home

A low home appraisal can stall mortgage approval

What happens when a buyer and seller agree on a price, but then the lender’s appraisal comes back lower than the agreed-upon amount? Until the financing is approved, the deal can fall through. This is why you see the words “Contract Pending” on the agent’s yard sign.

Approximately 10 percent of real estate agents report on a monthly basis that a low home appraisal negatively impacted a sale, according to the National Association of Realtors®.

Here are some ways that sellers and buyers can protect themselves from a low appraisal.

Sellers

  • Before you list your property, pay to have an appraisal done. In a seller’s market where some buyers are making offers significantly above the listing price, sellers need to understand how critical the appraisal is to closing the deal.
  • Do your homework and use a qualified appraiser who has a membership designation such as SRA or MAI from the Appraisal Institute.
  • Be sure the appraiser is comparing your home to the latest data about homes just sold or under contract in your area. Also, highlight any improvements to your home or landscaping that may positively affect the selling price.

Buyers

  • Ask your lender to choose one name among 2 or 3 qualified appraisers that you recommend.
  • Meet with the appraiser when the inspection is being done, and ask questions about the process.
  • If you receive a low appraisal, follow up and ask questions. The appraiser or supervisor may have overlooked the newest information.

I anticipate this happening more in the future. For information on pricing your home, or buy strategically to do all possible to prevent appraisal woes, please call, email, or text me to talk more about it.

IT’S A GOOD LIFE!

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

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 a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

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

 

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5 Tips to add attractive value to your home

add value to your home

Here are five home improvements that can enhance your own enjoyment, as well as increase your property’s value at resale time, according to HouseLogic.com.

  1. Crown molding. Upgrading to crown molding can make a room feel bigger, taller and more elegant. Wood moldings are available in a variety of styles that can be stained, painted or left natural. Some moldings feature indirect LED soft lighting.
  2. Ceiling fans. Replacing old, unattractive ceiling fans can enhance the entire look of a room. Choose a quality fan with the Energy Star label to get the best cooling results and least amount of noise. A “hugger” ceiling fan that’s flush-mounted is ideal for rooms with a low ceiling height.
  3. A mature tree can add between $1,000-$10,000 to the appraised value of a property. Trees growing along the street in front of a house can increase its resale value by an average of more than $8,500, according to numerous studies of appraisal reports.
  4. Deck or patio. If your property doesn’t have an outdoor living space such as a deck or patio, it’s a sound investment to make. Rebuilding a deck or expanding a patio can also offer a good return.
  5. Landscape lighting. A well-lit exterior can highlight the most attractive features of your property as well as help to deter would-be burglars. In addition, many homeowners insurance policies offer lower rates for motion-sensor lighting systems.

For more information on adding value to your home please call,e mail, or text me to talk more about it.

IT’S A GOOD LIFE!

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

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 a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

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

Create a Calming Space in Your Home

Every home needs a space dedicated to relaxing and rejuvenating. Whether it’s a bedroom, a meditation room or just a corner of the basement, here are some ways to make that place your calming space.

Use calming colors. Decorate with cool tones and muted colors to allow your brain to relax. Avoid harsh colors or busy prints. Taupe, gray, lavender, blush pink, or nearly any shade of blue are all colors that calm our senses.

Minimize the noise. Keep technology to a minimum because bright screens strain your eyes and busy your mind. Make the space a phone-free zone so you can avoid interrupting alerts and buzzes. An ambient noise machine is a great noise substitute, allowing you to listen to the sounds of ocean waves or rainfall.

Maximize the comfort level. Make the area comfortable and cozy. Fill it with soft pillows and blankets to make this space luxurious and nap-friendly. (Oversized, faux fur pillows are trending.) Set the mood for relaxation with soft lights that make the room glow.

Soothe your senses. Use a candle warmer or oil diffuser to fill the room with mellow scents. Eucalyptus, lavender, cedar, and mint are all natural, soft smells that leave your space feeling clean and inviting. Candles are great for soft, flickering light and peaceful scents, but be sure to blow them out before leaving your calming space.

Thinking about selling? Call me, i can help! I can also offer more information on staging your home! I’m a CSA! Certified Staging Agent.

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 2011-2017 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***

GORGEOUS GRESHAM HOME! $394,999 4 bed, 3 bath, 3 car garage, RV parking

     Welcome Home! This GORGEOUS traditional style home is in a highly sought after Gresham neighborhood, just steps to a wonderful Greenspace! This beauty features 4 big bedrooms, 3 sparkling clean bathrooms, jumbo 19 X 16 family room with cozy gas fireplace plus under stairs storage (your very own “Harry Potter” closet). Soaring vaulted ceilings throughout, bright and open floor plan. Updated kitchen with timeless granite counters, gas range top, lots of cupboard space, vaulted ceilings,  plus spacious eating bar and eating area. The master suite has a walk in closet, jetted tub, shower, vaulted ceilings, skylight, and double sinks! Soothing air conditioning, large 3 car garage, sizable RV parking, private, fenced low maintenance back yard, tool shed and comfortable covered back deck, AND an additional sitting patio.Powell Valley, Gordon Russell, and Sam Barlow School District.

127 SE Greenway Lane Gresham, OR

RMLS # 17232293 Asking $394,999

Five Star award recipient 2011-2017 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, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email-homesforyou@frontier.com

See this home and ALL available homes on my website!

Licensed in the State of Oregon

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

The pros and cons of city living.

blog-d58The Pros and Cons of City Living

A home is partially what you make of the walls that surround you, but it’s also about the environment that surrounds your home. If you’re thinking about making a move to the city, consider these pros and cons before you start packing.

Pros:

Walkability and public transportation
City living can put you in walking distance to work, school, grocery stores, and other points of interest. What you can’t reach on foot is likely only a subway or bus ticket away. Skip car payments, insurance and gas by purchasing a public transit pass.

Availability of amenities
A new restaurant, theater or museum is always popping up in the city. Cultural experiences abound, and special events come and go frequently. Health and emergency services are also much closer and more readily available.

Professional and personal opportunities
A higher concentration of people naturally means a higher concentration of opportunities. There is likely more demand for your profession in the city, accompanied by a higher paycheck. Networking professionally or expanding your social circle personally are much easier to do in an urban area.

Cons:

Cost of living
Your dollar will not stretch as far in the city. You will pay more for less living space, pay for parking that is free outside the city, and may even experience sticker shock at the grocery store.

Crowds and noise
More people means more traffic, more noise and longer wait times at your favorite restaurant. Even if your home is in a quieter neighborhood, chances are still high you’ll be falling asleep to the sounds of horns honking, sirens blaring and people walking home late at night.

Limited outdoor living space
Private yards, patios and decks are more limited in cities than anywhere else. You may have to share outdoor condominium amenities with neighbors, or go to a public park to host a barbecue. If you have a pet, consider where you will have to walk it in all kinds of weather.

Five Star award recipient 2011-2017 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, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email-homesforyou@frontier.com

See ALL available homes at my website!

Licensed in the State of Oregon

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

Common home-buying pitfalls to avoid!

Ready-to-buy-a-homePurchasing a home can be exciting, challenging, scary, and confusing. There are several common pitfalls that trip up many home buyers. Knowing what they are can set you up for greater success.

Skipping pre-approval. 
Less extensive than prequalifying, your lender will take a deeper dive into your finances to pre-approve you for a loan. Checking the pre-approval box will give you a clear budget and be in your favor in a bidding war.

Making an emotional decision. 
Choosing your future home can be emotional. Remember, you’ve set a budget for a reason, so stick to it. Don’t skip the inspection or back down from reasonable demands just to land the home. Always have a backup plan, and try to keep your emotions in check until the deal is finalized.

Foregoing a Realtor®
The best way to find a home is with professional assistance. Realtors® will work to help you find the best deal on the best home available. It’s their job to know the market inside and out, and they will often have insight that isn’t publicly available. Choose a trusted real estate professional to make sure you avoid these and other common home-buying pitfalls.

Five Star award recipient 2011-2017 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, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email-homesforyou@frontier.com

See ALL available homes at my website!!

Licensed in the State of Oregon

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

Thank you so much for your testimonial, Eric!

“OK where should I begin

Rachel may have had thousands of clients in her career, but I think we could be put in the top 20 for most challenging clients and keeping her on her toes.
She was very patient and understanding when we had pulled offers on three separate homes. We were aware this takes time to prepare offers
and she is putting her reputation of many years on the line with our instant change of decisions.

In the end she really understood we needed to find the right home that felt comfortable for me and more important my wife…which is another story.

Rachel took charge on the small details that need to be covered and demonstrated she always has her clients best interest. One example is on our closing with a seller there were a  number of repairs that were not completed. Rachel took it upon herself and called the contractors to confirm the repairs would be made. she even went a step further and found one of her own contractors to replace a window that the seller told their realtor that it was in the process of being replace. Which was not the case, in my opinion the sellers Realtor should share some of her commission for what Rachel did to help with the repairs.

I have never recommended a realtor to someone, that is the truth but I keep Rachel’s card in my wallet to give to anyone looking for a relator that has a passion to please her clients.

Best Regards”

Five Star award recipient 2011-2017 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, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors

Direct 503.380.9634, Email-homesforyou@frontier.com

See ALL available homes at my website!!

Licensed in the State of Oregon

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