Tag Archives: oregon real estate

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!

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!

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

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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

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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?

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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!

The Return On Investment Of Home Improvement

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All home improvements are not created equal. The ever-important factor to consider is the “ROI,” return on investment. Here are three projects, according to the National Association of Realtors®, that add significant equity to your property, even if you have to hire a professional to do all or part of the work.

Insulation: While adding or replacing insulation is not a glamorous project, it does pay off at resale time and can save you up to 50 percent on your heating/cooling expenses.

Hardwood flooring: The investment in refinishing existing hardwood or having new hardwood installed will easily pay for itself at resale time. Homeowners love the look and feel of wood floors.

New roof: “How old is the roof?” is one of the first questions potential buyers ask when viewing the outside of a property. Re-roofing your home with the newest, eco-friendly materials can increase your equity position as well as help lower your energy bills.

For more information about the ROI of specific improvements to your property, consult your local real estate professional.

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!