Tag Archives: oregon city

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!

Advertisements

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

Image result for home staging

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!

Is There A “One-Size-Fits-All” Checklist For First-Time Buyers?

Image result for checklist confused

Unfortunately, there isn’t one checklist to follow that meets all home buyers’ needs. However, here are some tips to help first-time buyers avoid making these five common mistakes.

1.     Choosing a home that’s too small. You may not be planning to have children when you buy your first house, but those plans could change in the next 3-5 years. A cozy two-bedroom bungalow tends to get very crowded after the second child arrives.

2.     Choosing a home that’s too large. A five-bedroom Victorian may feel luxurious, but owning such a spacious house before your family has grown into it can be costly. In addition, your tastes in housing styles may change over the years.

3.     Buying an underpriced property. You may stumble on a house that’s a great bargain: priced to sell fast. It may be because the owners need to move quickly and have priced their house below market value. However, there may be other reasons that the house is underpriced, which means you’ll have to deal with those issues whenever you sell.

4.     Investing in a fixer-upper. It’s tempting to buy a house with great potential and plan to rehab it yourself. Unless you really enjoy carpentry, plumbing and painting – and have lots of free time and cash on hand – you may find your dream home has morphed into a nightmarish money pit.

5.     Falling for the amenities. Maintaining lush landscaping, a huge vegetable garden, massive trees, a pool, and an oversized lot can easily steal all of your leisure time. As a new buyer, you may want to minimize the number of amenities you have to care for this time around.

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!

Consumers Call For Sustainable Home Construction

Related image

Sustainability is the key word in new home construction. Rising energy costs, poor air quality and wasteful water usage are driving the consumer demand for greener houses, according to the National Association of Home Builders.

Energy-efficiency measures: Buyers of new homes have come to expect high levels of insulation, efficient HVAC systems, high-performance windows, and energy-saving appliances and lighting.

Water conservation practices: Water-efficient fixtures and appliances, whole-house filtration systems, and low-maintenance landscaping are three ways to conserve this precious natural resource.

Material selections: Durable products that are as long-lasting as they are eco-friendly include high-performance engineered wood, wood alternatives, recycled building materials, and sustainably harvested lumber.

Air-quality considerations: The home’s indoor environment is enhanced by the choice of high-quality HVAC equipment, formaldehyde-free finishes and consumer products with low volatile organic compounds.

Site design measures: Incorporating green spaces and preserving healthy trees are positive ways to minimize disruption to the existing land.

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?

Image result for baby with a thinking face

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!

Why Some People Want To “unlawn” America

Image result for no grass lawn

Lush, green and freshly mowed, well-maintained lawns may be as American as democracy itself. Many homeowners view managing pristine yards as a way to respect their property and neighbors. However, due to droughts in recent years plus a growing interest in sustainable living, more people are looking to “unlawn” America. Here are a few reasons why:

1.     Lawns use large amounts of resources and chemicals. There are 40 million acres of manicured turf in the U.S. (more than any irrigated farm crop), and upkeep requires massive amounts of water, fertilizers, pesticides, and gasoline.

2.     Lawns alter natural landscapes and ecosystems. Most lawn grasses aren’t native to American soil, and yard maintenance requires killing off existing plants and limiting habitats for wildlife.

3.     Lawns can represent a decades-old tradition. According to BusinessInsider.com, Americans spend about $30 billion on lawn care each year. TheAtlantic.com puts it this way, “We spend our money and our resources and our time cultivating our carpets of green not just because we want to, but because we are expected to.”

Unlawning advocates promote non-traditional yards that are as attractive as they are eco-friendly. Some commercial and residential landscaping now features native plants, cultivated gardens or mowed paths through wild grasses, hoping to maintain properties that respect both nature and the neighbors.

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

Licensed in the State of Oregon and Washington

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

Do You Need A New Place To Escape?

Everyone needs a place to escape and unwind from the daily routine. If you or someone you know has any questions about the real estate market, or would like to discuss an upcoming move, feel free to give me a call anytime! I am here for you and your real estate needs.

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

Licensed in the State of Oregon and Washington

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