Tag Archives: Troutdale homes for sale

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!!

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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Colorful Backyard Decorating Ideas

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A verdant backyard can feel heavy with dark greens and wood tones. Brighten your outdoor entertaining area with a light outdoor rug, white table, and colorful throw pillows. Colorful pots and ceramic side tables boost the patio’s light and bright vibe.

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!

One Main Reason Fall Is The Best Time Of Year To Buy A House!

image from: H Sundholm (henriksundholm.com) on Flickr

What if your home no longer suits your needs, because it’s too big, or too small, or in the wrong part of town, or … well, there are all kinds of reasons you may want to move. Luckily, fall is a great time to buy a new house and make it into your cozy new home.

Motivated Sellers= More negotiating power

People who sell their homes in fall and winter are often in a hurry to make a sale. They want to be settled before the holidays come, or they want to get a tax break* for this year rather than next year, or they have a new job and they need to relocate. These sellers are looking to close the sale as quickly and smoothly as possible. 

When you buy in fall, the combination of motivated sellers and fewer other homebuyers competing with you for available homes means more negotiating power in your hands, which often results in a better deal. This could mean a lower sales price, seller-paid repairs or upgrades, and even seller-paid closing costs. 

Buying a home in the fall gives you the best of all worlds — lower prices and less competition but still enough inventory to find the home you want. 

If you’re serious about buying a home, doing so this fall may save you money or help you afford more than you expect. Contact me today to discuss your options before you miss out on the fall homebuying season! 

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!

Preparing Your Home For Resale

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Does your house have a room that could deter buyers because it desperately needs improvement? If so, this space, also known as the “blooper room,” might be the difference between a speedy sale and a lengthy period on the market, reports ApartmentTherapy.com. 

Consider these common problem areas:

In an otherwise ideal home, a dated kitchen can be a significant buyer turn-off. However, spending thousands of dollars to renovate the entire space may not be necessary. Replacing dingy countertops or repainting dark cabinets in a lighter shade is an economical way to brighten up the decor.

A cramped laundry room is certainly not appealing. Remove all baskets and clothing for home showings. Add attractive open shelving to organize laundry supplies and hang up a laundry-themed poster or plaque.

Few buyers feel comfortable in a gloomy, musty-smelling basement or storage area. Painting the walls white and running a dehumidifier to improve the air quality should do the trick.

An unusually small room that leaves buyers wondering what to do with it can be considered wasted space. Be creative and try staging the room as a reading nook, an oversized storage space or a toy room for the kids. 

No matter how thoughtfully designed, adark bedroom can bring buyers to a standstill. An absence of natural light – especially in a master bedroom – is a depressing sight, and the addition of poor artificial lighting can actually make the situation worse. Instead, try strategically placing mirrors to enhance existing sunlight and make the room feel more spacious.

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!

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!

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!

Update On Interior Surfaces

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The trendy styles for countertops, flooring and walls were revealed at The International Surface Event trade show this year. 

“Geometric designs, increasingly refined faux-hardwood porcelain tile and luxury vinyl-tile floor coverings were prevalent,” reports Houzz.com. 

Whether you’re updating your drab interiors for your own enjoyment or redecorating your home for resale, here are some highlights to consider.

 Patterned tile: Increasingly popular choices for kitchen floors and bathroom walls are graphic encaustic (or inlaid) tile and arabesque mosaic tile.

• Quartzite: “The great thing about quartzite is it comes in so many colors, so a lot of it looks like marble, but it’s much stronger,” according to the National Stone Institute. “It’s good for countertops.”

• Faux wood: Selected for its easy maintenance and lower cost compared with natural hardwood, the wood look is available in materials such as laminate, porcelain and vinyl.

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!