Tag Archives: portland

Are Home Buyers Smart To Follow The Trends?

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Architects and designers love to convince people that the latest trends are the most desirable features for every household. However, a design’s popularity doesn’t necessarily mean that every buyer should want it. Here are some examples, according to Realtor.com®.

1.     Open floor plans: While open floor plans can feel bright and airy, they’re not without some drawbacks. Sound carries in spacious rooms, which can be frustrating for households with young children or adults who work from home. And while it’s convenient to see your living room from your kitchen, remember that open floor plans generally require large rugs, tall pieces of art and strategically placed furniture in order to create a cozy, inviting atmosphere.

2.     Hardwood flooring: Today’s home buyers almost always prefer beautiful hardwoods to carpet or tile. However, without the proper finish, scratches and stains can become a serious issue. In some households, kitchens, bathrooms and other high-traffic areas may be better off with a more durable flooring choice.

3.     Upstairs laundry room: A laundry room near your bedroom may seem like the ultimate convenience, but don’t forget to consider the noise. If you’re concerned the washer and dryer will keep you or the kids awake, doing a little extra legwork to get to a first-floor or basement laundry room may be worth it.

4.     Designer sinks: Bowl sinks are elegant, but they take up valuable counter space. Pedestal sinks look sleek, but they leave you no room to store toiletries or cleaning supplies. Consider reserving these features for a hall or guest bath rather than the bathrooms you use every day.

5.     In-ground pool: A pool in your backyard may be on your wish list, but keep in mind that pools require a lot of maintenance. Make sure you have the time, resources and motivation to take care of an in-ground pool before you take the plunge.

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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Choosing The Right Mortgage For Your Needs!

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Your personal finances, the lender’s requirements and how long you plan to stay in a home all factor in to choosing a mortgage. Compare the four primary types to find the right loan for you.

Fixed-rate mortgages: The most common type, these loans offer a consistent interest rate over the life of the loan. While the stability is helpful, you’ll have to refinance and pay closing costs again if you want a lower rate in the future.

Adjustable-rate mortgages: These mortgages offer lower rates initially, but after a specific amount of time, your rate resets – meaning your payments could rise or fall for the duration of the loan. 

Government-insured loans: For those who qualify, these loans often have more lenient credit requirements and lower down payments than conventional loans. 

Jumbo mortgages: More common in higher cost areas, these mortgages exceed the federal loan limit and require buyers to have excellent credit scores, significant assets and substantial cash for a large down payment.

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!

White Walls? Positive or Negative?

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Fresh, crisp white walls have always been popular, but keep in mind that all whites are not the same. Depending on the natural light that flows into the room as well as the interior lighting used at night, the color white can change from warm and inviting to cold and stark.

Here are three points to consider before painting your walls white.

1.     Avoid that sterile hospital look
White is associated with cleanliness, which is why many kitchen and bathroom walls are painted white. However, white walls paired with white trim and white cabinets can seem boring and sterile. Creating some texture on the walls with paintable beadboard wallpaper can increase the visual appeal of the room.

2.     Classic, formal and refined
The age of your house as well as its architectural style may create the “need” for white walls. For example, houses that are decorated with antiques and more formal furnishings often draw attention to the interior decor by having a neutral white background. Ultramodern houses with dramatic architectural lines and curves also appear more prominent against simple white walls.

3.     White expands spaces
White walls make rooms appear larger and lighter. Small bedrooms, baths and closets can benefit from this optical illusion. It’s also valuable to keep white in mind when you’re getting your house ready to sell and want to make the best impression on potential buyers.

For more information please call, email, or text.

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!