Tag Archives: real estate

A low home appraisal can stall mortgage approval

What happens when a buyer and seller agree on a price, but then the lender’s appraisal comes back lower than the agreed-upon amount? Until the financing is approved, the deal can fall through. This is why you see the words “Contract Pending” on the agent’s yard sign.

Approximately 10 percent of real estate agents report on a monthly basis that a low home appraisal negatively impacted a sale, according to the National Association of Realtors®.

Here are some ways that sellers and buyers can protect themselves from a low appraisal.

Sellers

  • Before you list your property, pay to have an appraisal done. In a seller’s market where some buyers are making offers significantly above the listing price, sellers need to understand how critical the appraisal is to closing the deal.
  • Do your homework and use a qualified appraiser who has a membership designation such as SRA or MAI from the Appraisal Institute.
  • Be sure the appraiser is comparing your home to the latest data about homes just sold or under contract in your area. Also, highlight any improvements to your home or landscaping that may positively affect the selling price.

Buyers

  • Ask your lender to choose one name among 2 or 3 qualified appraisers that you recommend.
  • Meet with the appraiser when the inspection is being done, and ask questions about the process.
  • If you receive a low appraisal, follow up and ask questions. The appraiser or supervisor may have overlooked the newest information.

I anticipate this happening more in the future. For information on pricing your home, or buy strategically to do all possible to prevent appraisal woes, please call, email, or text me to talk more about it.

IT’S A GOOD LIFE!

Five Star award Winner 2011- 2018 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, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

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

 

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5 Tips to add attractive value to your home

add value to your home

Here are five home improvements that can enhance your own enjoyment, as well as increase your property’s value at resale time, according to HouseLogic.com.

  1. Crown molding. Upgrading to crown molding can make a room feel bigger, taller and more elegant. Wood moldings are available in a variety of styles that can be stained, painted or left natural. Some moldings feature indirect LED soft lighting.
  2. Ceiling fans. Replacing old, unattractive ceiling fans can enhance the entire look of a room. Choose a quality fan with the Energy Star label to get the best cooling results and least amount of noise. A “hugger” ceiling fan that’s flush-mounted is ideal for rooms with a low ceiling height.
  3. A mature tree can add between $1,000-$10,000 to the appraised value of a property. Trees growing along the street in front of a house can increase its resale value by an average of more than $8,500, according to numerous studies of appraisal reports.
  4. Deck or patio. If your property doesn’t have an outdoor living space such as a deck or patio, it’s a sound investment to make. Rebuilding a deck or expanding a patio can also offer a good return.
  5. Landscape lighting. A well-lit exterior can highlight the most attractive features of your property as well as help to deter would-be burglars. In addition, many homeowners insurance policies offer lower rates for motion-sensor lighting systems.

For more information on adding value to your home please call,e mail, or text me to talk more about it.

IT’S A GOOD LIFE!

Five Star award Winner 2011- 2018 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, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

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

First-time buyers want your home!

First time homebuyers want your home.

Call or email today. Together we’ll explore the possibilities in our ever-changing real estate market. 

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

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list ALL available Houses on the market on my website.

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

Licensed in the State of Oregon

Selling your home at the peak price

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Here are three tips for selling your home for the best possible price in the shortest amount of time.

Be ready to sell. Prepare your home physically – and yourself mentally – to make the move. Have your home clean and ready for showings to boost the appeal and perceived value. Buyers want to see that a home is well-maintained and cared for. Make sure you’re emotionally ready to part with your home and embrace your move because the sale could happen at any time.

Be flexible. The timing of the sale and scheduling of the closing may not be at the most convenient times. Try to remain flexible and understand that your normal schedule may have to adjust. Be ready to spring into action and move on short notice.

Engage a real estate agent early. The third and most important step is to work with a real estate agent you trust.  To determine the best time to list your home, consult with your local agent. A knowledgeable professional will assist you in every possible way.

For more information on selling your home at the top of the market, please call, email, or text me. I will get you the very top dollar possible for your home!

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

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website!

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

SELLER and BUYER TESTIMONIAL 12-2017

“I always knew if I were ever to sell my home I would have Rachel do it. Her reputation precedes her!

Rachel knows her stuff. She knows who to call and how to get it done. You have questions Rachel gets answers. Dedicated and knowledgeable. And nice!!

She stuck with it and made it all work and was there with a shoulder to cry on if needed. And after all that found a perfect new home and literally made it happen. You won’t go wrong with Rachel. She gets the job done and becomes a friend in the process.

Love ya Rachel!”

-Martha Tidwell

Thank you Martha! It was my honor to work with you. I think your pretty awesome yourself.

Five Star award recipient 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, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent

Oregon First, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

CLIENT TESTIMONIAL FROM AMY!

Thank you Ken & Amy for the opportunity to once again be of service. Being called in to help your Parents is an honor i don’t take lightly. I really appreciate the fine testimonial. Thank you!

I have known Rachel for over 13 years, this is not the first time I have worked with her. Rachel is always very professional, attentive to detail and easy to work with… she never left any questions unanswered and always responded promptly. She works hard for her clients and deserves the highest praise.. I would highly recommend anyone seeking a truly professional realtor to connect with Rachel.

Thank you Rachel for your VERY hard work and dedication.. we truly appreciate it.

Amy Koppler

Five Star award recipient 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, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available Houses on the market on my website

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***

5 Places to use patterns and 2 places to avoid them

https://i.pinimg.com/736x/09/d2/bc/09d2bcc1425daeab01bd343472e24236.jpg

Some people love them, some people hate them. But there’s always room for a little pattern in your home’s interior décor.

Use patterns

Towels and napkins
Small bits of fun prints can add character to a plain kitchen. Dish towels and cloth napkins are easy to switch out, making it simple to change colors in your kitchen. Don’t be afraid to try floral, stripe or geometric designs and rotate them regularly.

Outdoor furniture cushions
While your patio furniture should be sturdy and timeless, the cushions and pillows can be anything you like. Change them with the season or just because chartreuse is your new favorite color. Bold floral prints and bright colors work well outside.

Throw pillows
Throw pillows can take a living area from “blah” to “wow!” Pair pillows touting small prints with solid pillow partners. If you’re feeling extra edgy, a texture like fur or denim can add another dimension to your living room.

Kitchen backsplash
The backsplash can transform a kitchen. Try a bright, hammered copper or glass tiles to bring light and energy into the space. Have fun with this change by choosing a unique material that can be the room’s focal point.

Curtains
Curtains are a prime place to incorporate large, bold prints. Complement busy patterns in curtains with solid-color accessories in the same shades to avoid making the space look too busy.

Avoid patterns

All four walls
Too much of a print can make a room feel cluttered. Try accenting one wall with a bold pattern, because a room full of prints can be hard to look at and even harder to update.

Couches
A patterned couch is usually best left on the showroom floor. As an investment piece, couches should be more neutral than trendy. Most prints go out of style within two to three years, so don’t let the appeal of your couch expire that quickly.

Five Star award recipient 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,            MASTERS CIRCLE, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Earth Advantage Broker, Oregon First, Realtors

Direct 503.380.9634

Email-    homesforyou@frontier.com

View ALL available houses on my website!

Licensed in the State of Oregon

***I’M ALWAYS HAPPY TO HELP YOU AND YOUR REFERRALS***