Tag Archives: www.rachelsheller.com

Home-buying affordability rule

home-167734__340

The 36 percent rule is a guideline for consumers to help determine how much money they can comfortably spend on monthly debt payments, according to NerdWallet.com. The rule is based on dividing monthly mortgage payments (principal, interest, taxes, and insurance) and other monthly debt (vehicles, credit cards and student loans) by gross monthly income.

For example, an annual household income of $89,000 divided by 12 months equals a gross monthly income of $7,417. The 36 percent rule means the maximum monthly spending on all household debt should be about $2,670.

While lenders use the 36 percent rule in evaluating mortgage applications, they also consider other factors such as the amount of cash available for the down payment and closing costs, the borrowers’ credit scores and the amount of unsecured debt.

When buying a home, rely on an experienced real estate professional who will ensure that you are making the best purchase for your current need and household budget. To talk more about buying a home, or the steps to get started, please call, email, or text anytime.

 

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 Steps to a bedroom makeover

Image result for bedroom

Ready to refresh a bedroom in your home? Here are five steps to get the process headed in the right direction.

  1. Choose a color scheme. Don’t make this decision harder than it is. If you’re stuck on choosing a color, start with a neutral (such as gray, creamy white or taupe) and decide on one or two accents that can be easily changed as time goes on.
  2. Start sorting. Before you bring in anything new, you must get rid of the old. Donate current bedding, furniture and decorative items that cannot be recycled or refinished to fit the new decorating theme.
  3. Pick timeless pieces. For the big-ticket items like a comforter or dresser, choose pieces that will stand the test of time. Use smaller items like throw pillows to add color, texture and patterns.
  4. Change up the layout. While new furniture and a coat of paint can help change the feel of a room, a new layout can take it one step farther. Rearrange furnishings to give your room a fresh feel.
  5. Switch out light fixtures. If you have a floor lamp, add a chandelier. If you like to read at night, add some soft lighting over your bed. Look for warm lights and avoid fluorescent bulbs that will make your room feel sterile.

 

 

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!

Home-buying affordability rule

The 36 percent rule is a guideline for consumers to help determine how much money they can comfortably spend on monthly debt payments, according to NerdWallet.com. The rule is based on dividing monthly mortgage payments (principal, interest, taxes, and insurance) and other monthly debt (vehicles, credit cards and student loans) by gross monthly income.

For example, an annual household income of $89,000 divided by 12 months equals a gross monthly income of $7,417. The 36 percent rule means the maximum monthly spending on all household debt should be about $2,670.

While lenders use the 36 percent rule in evaluating mortgage applications, they also consider other factors such as the amount of cash available for the down payment and closing costs, the borrowers’ credit scores and the amount of unsecured debt.

When buying a home, rely on an experienced real estate professional who will ensure that you are making the best purchase for your current need and household budget.home-167734__340

To get started on your journey to home ownership please call, email, or text anytime.

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, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available properties 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!

 

WELCOME HOME! Open, bright & open floor plan your gonna LOVE!

Asking $339,999~ 15933 SE Mill Street Portland, OR 97233~ RMLS#18312822

WELCOME HOME! This home is a beauty! Light, bright and move in ready. Tastefully & fully remodeled about 6 years ago. The open floor plan, enormous kitchen,  spacious master w/walk in closet & bath, plus the jumbo family room are sure to please. Three full bedrooms, 3 full bathrooms, with a Family room so huge there is a possibility to make a 4th bedroom in it. Spacious over-sized 2 car garage, central air,  low maintenance vinyl siding, newer windows (about 2011), two cozy fireplaces, fenced back yard, fire-pit area ready for your enjoyment plus so very much more. Just too many amenities to list-see more info on this home on my website.

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!

 

 

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!

 

Home maintenance: your fall to-do list

Regular maintenance on your home gives you peace of mind and keeps your resale value strong. Putting some energy into seasonal and biannual tasks now will set you up well for holiday entertaining.

Here are 9 items to include on your fall to-do list:

Clean the gutters: Clear out any leaves and debris, and ensure your downspouts are draining properly. This will help prevent wood rot, keep away pests and prolong the life of your gutters.

Check smoke/carbon monoxide detectors: It’s recommended to do this each spring and fall, so give them a test and replace batteries if needed.

Inspect and clean the dryer vent: It’s recommended that you have your dryer vent checked once each year. Excessive lint buildup can pose a dangerous threat of fire.

Clean the chimney: Whether you have a wood-burning fireplace or gas logs, hire a professional to inspect and clean your chimney once a year.

Service your HVAC: Call a professional to service your HVAC components to see if everything is running efficiently. Make sure to change your air filter and test your thermostat as well.

Deep clean indoors: Polish wood floors, scrub down cabinets, vacuum hard-to-reach spaces, wipe down the fridge, dust ceiling fans, etc. This will make hosting easier with the busy entertaining season quickly approaching.

Spruce up the yard: Rake leaves, prune back bushes and trim any trees that are getting too close to power lines or the roof. This will promote healthy growth and protect your property from falling branches.

Inspect windows and doors: Check for drafts and re-caulk or add weatherstripping where needed.

Reseed/fertilize the grass: Lawn-and-garden experts recommend fertilizing in the fall and spring, and fall temperatures are ideal for helping cool-season grasses
take root.

I hope this little list helps you prepare for Winter. If you need professional real estate help, please call, email, or text anytime.

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

Direct 503.380.9634, Email-    homesforyou@frontier.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!

To the suburbs and beyond …

portlandoregonmap-rev

While some people prefer to avoid the hustle and bustle of urban living, sometimes suburbs are not rural enough for their lifestyles. They want to live in the “exurbs,” which are farther outside the city than the suburbs.

Some home buyers are seeking several acres of usable land for extensive gardening with room for chickens, goats or horses. The exurbs are often preferred by people who work from home or want a second home or vacation property.

The larger lots in the exurbs allow for more privacy and less crime. However, few exurbs provide sidewalks or jogging trails. And there’s not a Starbucks on every corner. For more information on options for a Suburban move call, email, or test me to start the conversation.

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!