Tag Archives: homes for sale

5 Tips On When You Should Buy A Retirement Home!

Have you talked about moving away when you retire? Have you decided on a location? Do you know when you are going to find “the place?”

If you know the “where” part of the equation, have you started taking regular vacations to that place?

If you are planning to retire in the next five to seven years, it’s not too early to start thinking about your retirement residence.

Here are five financial and non-financial reasons why you should consider buying your retirement house before you retire, especially if you are going to have a mortgage:

1. The mortgage

It is easier to qualify for a mortgage if you are still working. For most people your income is higher before you retire so your debt-to-income ratio is more favorable. If you wait until retirement, you may be limited to a smaller mortgage size.

Interest rates are still relatively low are showing signs of moving upward. Locking in a low-interest rate mortgage now could positively impact your retirement budget.

Caution: A mortgage on a second home is more difficult to obtain. In addition to an excellent credit rating, you’ll need a down payment of 20 percent or more. A mortgage for a second home or “vacation” home usually has a better rate than a mortgage that would be used to obtain a rental or “investment” property.

2. DIVERSIFICATION

Any additional real estate could expand and diversify your portfolio. If you can manage an extra mortgage payment, consider buying the house now and possibly renting it out for a few years, or even seasons.

If the house is in a location you can frequently access, consider using a service like vrbo.com(Vacation Rentals By Owner), or Airbnb.com.  If the property is across the country, you might consider a long-term lease, with a local property manager to tend to your renters.

Caution: Carefully read your homeowner’s insurance policy and your mortgage note. Each one of these may have clauses that prevent you from renting the property.

3. CASH FLOW FOR REPAIRS AND UPGRADES

Unless you purchase a brand-new home or one that has been newly remodeled, you’ll probably want to make some upgrades. Your current income combined with the time prior to retirement should give you the opportunity to complete the improvements and repairs. You may be able to rent the house out for a while to accumulated the funds for the upgrades you want.

4. BUDGET PLANNING

Buying the house now will give you very accurate dollar figures for your monthly expenses in retirement.  You will know your monthly housing, utilities, property taxes, and local costs.

5. LOWER STRESS

While you’re working, you might have a nagging item on your to-do list about where you’re going to live in retirement.

If you make your purchase before you quit the workforce, knock one thing off your list for some peace of mind regarding the decision. If after spending vacations at this house you find its’ not the ideal house for retirement, it might be easier for you to sell it and find a replacement while you are still employed.

If retirement means moving to a new location, give some consideration to finding that place before you retire. There is no magic answer, but you need to determine what is important to you.

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 this 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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Metro Areas With Significant Home Appreciation

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For most Americans, the home they own is their largest investment and most valuable asset. These 10 metro areas have some of the highest home appreciation percentages over the past five years, reports Realtor.com®.

1.     Santa Maria, CA – 95 percent

2.     Nashville, TN – 89.4 percent

3.     College Station, TX – 85.3 percent

4.     Charlotte, NC – 82.9 percent

5.     Omaha, NE – 73.5 percent

6.     Grand Rapids, MI – 72.5 percent

7.     Fort Wayne, IN – 67.9 percent

8.     Columbus, OH – 66.4 percent

9.     New Orleans, LA – 62.4 percent

10.  Lexington, KY – 61.7 percent

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 this 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!

Length Of Ownership For Recently Sold Homes Has Increased

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American home sellers who closed their sale during the first quarter of this year had owned their property for an average of 8.05 years, according to the National Association of Realtors®. This is a significant increase compared to the average of 4.21 years for properties sold from 2000 to 2007.

ATTOM Data Solutions reported that the five largest metro areas with the longest average years of ownership prior to selling in 2019 were Hartford, CT – 12.52 years; Boston, MA – 12.36 years; Providence, RI – 11.15 years; San Francisco, CA – 10.40 years; and San Jose, CA – 10.27 years.

On a national average, the most profitable home sales occurred in these four California metros: San Jose, San Francisco, Los Angeles, and Oxnard. Honolulu, HI, was fifth on the list.

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 this 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 Flipping Can Be Highly Profitable

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During the Great Recession (2007-09), many properties lost equity as the housing market began falling. Short-term investors then started buying up properties that had fallen into foreclosure in order to flip them at a profit.

By contrast, flipping houses in today’s seller’s market is all about buying fixer-upper properties, making improvements and then reselling them to millennials and other first-time buyers.

Since the data firm CoreLogic first began tracking quarterly statistics on home flipping in 2002, the highest rate of home flipping as a percentage of all residential properties sold occurred during the first quarter of 2018 at 11.4 percent.

This upward trend continued last year with a higher rate in the fourth quarter than any previous fourth quarter – reaching almost 10.9 percent of all home sales. This marked the culmination of 12 consecutive quarters with residential flipping rates increasing on a year-over-year basis.

While flipping rates as a percentage of all homes sold vary widely across the U.S., the numbers tend to be highest in the Sun Belt. Eight of the top 10 metro areas are located in the southern half of the country: Birmingham, AL; Memphis, TN; Tampa, FL; Las Vegas, NV; Camden, NJ; Phoenix, AZ; Palm Bay, FL; Philadelphia, PA; Lakeland, FL; and Atlanta, GA.

Most of the metros where flipping has the highest rate of return on investment (ROI) are in areas that have a significant number of older homes to flip: Detroit, MI; Philadelphia, PA; Pittsburgh, PA; Cleveland, OH; Akron, OH; Baltimore, MD; Buffalo, NY; Wilmington, DE; Toledo, OH; and Milwaukee, WI.

IT’S A GOOD LIFE!!

Five Star award Winner 2011-2019 honoring the top 7% of
real estate professionals in Oregon. 
 

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

Direct: 503.380.9634, Email- rachel@rachelsheller.com

View this 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!

To Repair Or Replace? That Is The Question.

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A creaking floorboard. A finicky toaster. Are these bothersome quirks serious enough to be replaced or can you get by with a simple repair?

Kitchen appliances Small appliances such as a toaster or coffee pot probably cost more to repair than replace. For dishwashers, ovens and other large appliances, consider replacing older models with energy-efficient new ones.

Exterior door If it’s leaking, drafty or made of poor-quality materials, replace it. You will save money on heating and cooling, which will pay for itself over time. Plus, replacing an older front door with a new one will increase not only the security of your property, but the curb appeal as well.

Old wooden flooring Depending on the condition of your wood floors, repairing and refinishing is more affordable than replacing – especially if you’re willing to do some or all of the work yourself. Keep in mind that it’s not always necessary to sand the floors down to the raw wood. It’s wise to consult a flooring contractor to find out just how much work the job will require.

Drafty windows Replace warped, poorly fitting windows with today’s energy-efficient styles. Your energy bills will shrink and your home’s value will increase with this popular upgrade.

IT’S A GOOD LIFE!!

Five Star award Winner 2011-2019 honoring the top 7% of
real estate professionals in Oregon. 
 

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

Direct: 503.380.9634, Email- rachel@rachelsheller.com

View this 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 Staging: Buyers Want To See Your Home At Its Best

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A 2018 survey from Home Staging Resource found that 85 percent of staged homes sold for 6-25 percent more than homes in the same market that weren’t staged. According to the National Association of Realtors®, the three most commonly staged areas are the living room (83 percent), kitchen (76 percent) and master bedroom (69 percent).

Consider these home-staging tips.

Living room: To eliminate dark shadows and enhance the decor, brighten up the room with chic lamps. Remove oversized furniture and arrange the rest in conversational groupings. When it comes to accessories, go for symmetry, which is most pleasing to the eye.

Kitchen: Clear everything off the countertops except for a pretty bowl of fruit or another decorative item. Pare down the dishes, utensils and appliances in your cabinets and drawers to make these storage areas look bigger. Scrub dirt, grime and stains from walls, cabinets, backsplashes, and floors. Clean and organize the pantry. Store trash cans in the garage.

Master bedroom: Consider replacing a king bed with a queen or full size to increase the available floor space. Pack up more than half of the clothes in the closets and then place remaining items on matching hangers. Store jewelry and other valuables in a safe spot. Be sure an attractive, neutral-colored comforter is the focal point of the room.

Five Star award Winner 2011- 2019 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- rachel@rachelsheller.com

View ALL available Houses on the market on my website rachelsheller . com

Licensed in the State of Oregon and Washington

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

What’s Trending Across The Country?

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Here are nine facts and figures about the national real estate market, recently compiled by RISMedia.com.

New construction: This year, the National Association of Home Builders predicts about a 2 percent increase in the number of single-family houses built over last year, which may not keep up with growing consumer demand.

High-tech spending: According to industry data, North American consumers are expected to spend $63 billion on smart home systems and services by 2022.

Jewel tones: Ruby red, emerald green, sapphire blue, and amethyst purple are gaining popularity among interior designers and decorators.

Foreign investors: For six straight years, Chinese buyers have been the top foreign investors in America, according to the National Association of Realtors®. Traditionally, these purchases are for high-end properties, but a growing number of the Chinese middle class is buying more moderately priced homes.

Smart lawn care: Technology meets Mother Nature with automated lawn mowers, smart sprinkler systems, and apps for gardening tips, watering needs and plant identification.

Moving statistics: United Van Lines reports that the most out-of-state moves in 2018 occurred among the residents of New Jersey, Illinois and Connecticut.

Inventory increase: This past December, the number of homes on the market increased by 5 percent, according to Realtor.com®, which is a good sign for the pent-up buyers market.

Business opportunity: Female entrepreneurs are more likely to start a business in Texas, Ohio or Minnesota, says FitSmallBusiness.com.

Home values: The difference between the appraised value and the home seller’s expected value was less than one-half of 1 percent at the end of last year, according to the Home Price Perception Index.

Five Star award Winner 2011- 2019 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- rachel@rachelsheller.com

View ALL available Houses on the market on my website rachelsheller . com

Licensed in the State of Oregon and Washington

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