Tag Archives: troutdale

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!

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!

Almost 40% of U.S. homeowners are mortgage free!

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More Americans are living mortgage-free. This article by Shelly Hagan will show you how.

About 37% of U.S. households are “free and clear,” meaning they no longer have a home mortgage to pay, according to a Zillow data analysis. This number ticked upward after the Great Recession and over the past 10 years, the share of homeowners paying off their mortgages has risen 5.5 percentage points.

“In general, higher home equity is financially preferable and the rise in mortgage-free ownership is in line with brighter economic conditions, which is why we’ve seen the free-and-clear share increase over the last decade,” said Javier Vivas, director of economic research at Realtor.com.

An aging population and change in owner demographics is another reason for the increase, according to Zillow. Younger Americans are likely to wait longer to a buy a home due in part to rising living costs and student debt. As a result, older Americans comprise a larger share of total homeownership and have had years to pay off a home as well as build wealth. This trend could reverse as younger generations age and enter the real estate market.

Trade-offs associated with paying off a mortgage include abrupt changes to the value of the home and the opportunity cost of other higher investment returns when mortgage rates are low, Vivas said.

Mortgage characteristics vary by state and those with lower housing prices typically have higher rates of fully-paid mortgages. In 2017, the most recent available data, West Virginia had the highest share of “free and clear” ownership at 54%. Maryland and the District of Columbia were on the other end of the spectrum with rates of 27% and 24%, respectively.

Over the last decade, the median price of an existing home in the U.S. has increased by more than 60% — or an addition of more than $100,000 in equity for homeowners without a mortgage.

Zillow analyzed data from the American Community Survey, which occurs annually and includes about 3.5 million responses. The Bureau of the Census also runs the American Housing Survey (AHS), which looks at mortgage characteristics. While the upward trend in “free and clear” homes is evident in both surveys, the AHS suggests the rate is higher — at 40% of total owner-occupied units. The AHS is conducted every other year and covers a smaller sample size of 115,000 units.

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!

The “booming” 55+ residential real estate market

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Baby boomers, born between 1946 and 1964, were the radical hippie generation, known as “flower children.” Think Beatles, Haight-Ashbury, Rolling Stones, and Woodstock. “Don’t trust anyone over 30” was the mantra of this trendsetting generation that continues to leave its mark on society by redefining what it now means to grow old.

Due to a popular marketing twist, newly retired baby boomers are being rebranded as “active adults.” No longer known as senior citizens, they are seeking a fully independent lifestyle community with a wide range of fitness and social opportunities, according to REALTOR® Magazine.

Many active adult communities offer: ranch homes or ground-level condos, fitness centers with dance studios, walking trails, arts and crafts studios, indoor/outdoor pools and spas, dog parks and other pet-friendly amenities, and features that will accommodate physical and mobility issues in the future.


 

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!