Tag Archives: houses for sale

What Comes With The House?

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Imagine walking into your new home to find all the light fixtures, doorknobs and cabinetry hardware missing. Though uncommon, some buyers have faced this very scenario. Protect yourself by understanding the difference between permanent fixtures and personal property. 

As a buyer, you’re legally entitled to a home’s fixtures unless they are specifically excluded in the property listing. Realtor.com® describes fixtures as anything “physically affixed to a property.” Personal property, on the other hand, is anything that can be moved, such as area rugs, curtains and some appliances – most often the refrigerator, washer and dryer.

Some items end up in a gray area, which is why it’s important to work with your Realtor® and be very specific about what you’d like to have stay with the home. You can further mitigate any surprises by doing a final walk-through before closing.

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, Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE,CSA-Certified Staging Agent,Oregon First-Principal Broker, Washington First-Managing Broker

Direct 503.380.9634, Email- rachel@rachelsheller.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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5 DIY tips for building a deck

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An outdoor deck on your home provides valuable living and entertaining space. If you’re planning to extend your current deck or to build a new one yourself, here are five points to consider. Avoiding construction mistakes now can save you both time and money.

1.     Follow building codes and obtain permits. DIYers often think they can build whatever they want because it’s on the back of their home, but ignoring decking and railing codes can be a safety hazard. 84 Lumber warns against not filing for a city or county permit: “If your project is flagged by a building inspector, you may have to rebuild significant portions, or maybe even tear the deck down.”

2.     Choose quality building materials. A large selection of woods and treatments are available at most home improvement stores. Ask an associate for suggestions based on your budget. Depending on how long you’ll be living in your current home, maintenance-free composite decking may be worth the investment.

3.     Follow IRC specs for railings and stairs. The International Residential Code (IRC) outlines the safety requirements for railings around elevated decks and handrails on stairs. For example, the IRC says that stairs longer than four steps must have a handrail on at least one side, and it must be graspable for the full run of the stairs.

4.     Use exterior-grade hardware and fasteners. Regular nails tend to pop out as wood expands and contracts in changing weather. Exterior-grade screws, on the other hand, are less likely to come loose, but can still be removed if you need to replace a board in the future. Stainless-steel, polymer-coated and hot-dipped galvanized hardware and fasteners are some of the best options for deck-building materials.

5.     Pay attention to the aesthetic details. Be sure your deck is as attractive as it is safe and sturdy. Your neighbors will appreciate the look of a well-designed deck as will future buyers whenever it’s time to resell your house.

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, 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!

One Main Reason Fall Is The Best Time Of Year To Buy A House!

image from: H Sundholm (henriksundholm.com) on Flickr

What if your home no longer suits your needs, because it’s too big, or too small, or in the wrong part of town, or … well, there are all kinds of reasons you may want to move. Luckily, fall is a great time to buy a new house and make it into your cozy new home.

Motivated Sellers= More negotiating power

People who sell their homes in fall and winter are often in a hurry to make a sale. They want to be settled before the holidays come, or they want to get a tax break* for this year rather than next year, or they have a new job and they need to relocate. These sellers are looking to close the sale as quickly and smoothly as possible. 

When you buy in fall, the combination of motivated sellers and fewer other homebuyers competing with you for available homes means more negotiating power in your hands, which often results in a better deal. This could mean a lower sales price, seller-paid repairs or upgrades, and even seller-paid closing costs. 

Buying a home in the fall gives you the best of all worlds — lower prices and less competition but still enough inventory to find the home you want. 

If you’re serious about buying a home, doing so this fall may save you money or help you afford more than you expect. Contact me today to discuss your options before you miss out on the fall homebuying season! 

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!

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!

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

Image result for flipping houses

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!