Tag Archives: real estate blog

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!

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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!

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!

Spring Cleaning Season!

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As the weather begins to warm up, now’s the time to let your house breathe and do some spring cleaning. Set aside a day or a weekend to tackle your entire living space so you can freshen up your home without dragging out the process. Use this list to organize your cleaning room by room.

Kitchen:

·         Wipe down cabinets.

·         Clean windows.

·         Deep clean stovetop, oven and microwave.

·         Clean out fridge and pantry. Remove everything from the shelves and wipe down inside. As you return items, throw away any expired food, as well as spices that have been open longer than a year.

·         Remove everything from countertops and thoroughly scrub counters and backsplash.

·         Sweep and mop floors.

Living Room:

·         Clean out fireplace.

·         Dust ceiling fans, furniture and electronics.

·         Wash or vacuum window treatments.

·         Clean windows.

·         Freshen couches and chairs. Vacuum and use upholstery cleaner where needed. Rotate the placement of couch cushions.

·         Wipe down baseboards and crown molding.

·         Vacuum and steam clean carpets.

Bedroom:

·         Remove all bedding and sort into five piles: mattress pads, fitted sheets, flat sheets, blankets, and comforters. Wash in that order so you can make the beds as each load is completed.

·         Wash or vacuum window treatments.

·         Clean mirrors and windows.

·         Dust furniture with microfiber cloths.

·         Wipe down baseboards and crown molding.

·         Vacuum and steam clean carpets.

Bathroom:

·         Spray surfaces of tubs, showers and toilets with a heavy-duty cleaner, then allow to soak while you finish the next three items on the bathroom checklist. Return to rinse surfaces before completing the fifth item.

·         Clean mirrors, windows and sinks.

·         Wipe down walls.

·         Clean baseboards and vacuum or mop floors.

·         Wash towels and throw rugs.

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!

Positive trends for first-time home buyers

first time homebuyers

First-time buyers have had limited opportunities to purchase affordable housing over the past few years, but the inventory of resale properties has slowly been rising in recent months on a year-over-year basis, reports the National Association of Realtors® (NAR). Continued growth in the job market along with rising salaries will also help first-time buyers qualify for affordable home mortgages.

“Rising interest rates coupled with increasing home prices are keeping first-time buyers out of the market, but consistent job gains could allow more Americans to enter the market with a steady and measurable rise in inventory,” says NAR’s chief economist.

The median age of first-time buyers was 32 years old for the third straight year. Not surprisingly, the majority of these buyers were married couples (54 percent), followed by single females (18 percent). The median income was $75,000 and the median purchase price of the home was $203,700.

For the steps to purchasing or more information on buying your first home please call, email, or text me.

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, 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 an accurate list of 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!

 

How to re-energize after the holidays

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How to re-energize after the holidays

When the rush of the holidays comes to an end, fatigue can settle in as you try to adjust to your normal routine again. Here are a few small steps you can take to regain your energy and avoid feeling overwhelmed.

Organize your desk.
It may seem like a small, menial task, but starting your week with a clean desk can do wonders for your productivity. Instead of feeling underwater in a sea of paperwork, having a clear workspace can reduce stress and encourage creativity.

Plan something.
Schedule a vacation, plan a party, or start a new project at work or at home. Having an event or a new challenge to look forward to helps you stay motivated and avoid the post-holiday slump.

Take care of yourself.
The holidays can take their toll on your mind and body, and the added stress often goes unaddressed. Take some time to exercise or do yoga, meditate, take a bath, or go to bed earlier than usual to help yourself reset.

Five Star award Winner 2011- 2018 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!