Page 1

a division of CEDAR HOUSE MEDIA

vol ume 4, issue 3

allthingsrealestatepdx.com

OR CCB#1663; WA L&I NEILKCI 18702

503.317.5834

• Revive & Refresh Your Home With Some Easy Seasonal Changes • Shedding Light on Lupus • Appraisals and Transactions with Multiple Offers • Real Estate Investing • 10 Ways to Trim Your Home Improvement Costs • Who You Gonna Call? Real Estate Directory

Getting Even

By Matt Elerding

With The Bankers and The Realtors

Kitchens, Kitchens,

KITCHENS!

>>> Saturday, April 26 from 10am - 4pm

If there is one thing I’ve learned from the media over the past five years, it is that bankers are bad. Very bad. They are mean, elitist, unctuous individuals fraternized together in a brotherhood of badness and they have nearly, and single handedly, collapsed the entire US economy. These ne’er-do-well bankers were not alone in their shenanigans. The Realtors – those licensed buyers and sellers of real estate – were accomplices in this mess; co-conspirators in this house of cards. They’re easy to spot, what with their iPads, multiple cells phones, array of sport jackets in a kaleidoscope of colors, gallivanting about town in their 1997 Lexus armed with a fistful of business cards each of which displaying a Glamour Shots picture circa 1987. It’s time they too got their comeuppance. (cue the ominous music). ®

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PORTLAND'S RANK

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HOT TEST NEIGHBORHOODS

ZIP/AREA

# OF HOMES SOLD 1204

#1

97229:

Forest Heights / Rock Creek

#2

97007:

Beaverton / Aloha

1051

#3

97006:

Beaverton / Aloha

954

#4

97045:

Oregon City

841

#5

97206:

Foster/Powell

804

#6

97223:

Beaverton / Raleigh Hills

751

#7

97219:

Multnomah Village

734

#8 #9

97224: 97123:

Tigard / Tualatin Gaston / Sherwood

701 661

#10

97124:

Hillsboro / Rock Creek

631

#11

97211:

Piedmont / Concordia

626

#12

97217:

Arbor Lodge / Kenton

612

#13 #14

97202: 97068:

Sellwood / Eastmoreland West Linn / Lake Oswego

610 581

#15

97213:

North Tabor / Hollywood

569

#16

97086:

Happy Valley

568

#17

97080:

Gresham

523

#18 #19

97203: 97035:

St. Johns Lake Oswego

514 501

#20

97230:

Hazelwood / Fairview

492

2013 Summary | Source: Portland Business Journal, 2/21/14

With Catholic guilt coursing through my veins, I thought it only fair to dig deep into my soul and offer a short but effective ‘todo’ list for those looking to even the score with those of us who lurk in the shadows of this evil game of real estate. I present to you ten sure-fire tactics that will provide you – the mortgagee, seller, and buyer of real estate – the last laugh. Lock Your Interest Rate on Day One: After locking in your interest rate at the time of application, call every single day afterward and tell your Loan Officer that you “heard rates came down again today.” Loan Officers love clients who are up to speed with the Bond Market and Mortgage Backed Securities. Spend, Spend, Spend: You’re a homeowner now and your new home is going to need some stuff! Now’s the time! You’re just about to spend a wheelbarrow full of money for a new home, what’s the harm in a little thousand dollar shopping spree at the Home Depot and maybe just a quick ‘in and out’ at Ethan Allen’s furniture store? You only live once! Carpe Diem!

allthingsrealestatepdx com

®

Itemized Deductions Ain’t Just a Fancy Accounting Term: Write-off everything. Whittle that Adjusted Gross Income down to single digits. Uncle Sam is just going to spend your hard earned tax dollars on a bunch of things that don’t affect you anyway. Have some fun with your Itemized Deductions. “Miscellaneous Business Expenses” is nothing more than a clarion call to creative action. Anything is deductible if you try hard enough. Divorce and Bankruptcy: Now is the Time! If you’ve been contemplating either a soul-sucking divorce or a long-overdue bankruptcy, now is the time. You’re already neck deep in other financial documentation that will need to be dug up and provided to your lender, you may as well throw a Divorce Decree and Chapter 7 in the mix to complete the trifecta of paperwork to be filed at the county courthouse. Pick the Right Realtor®: Despite the recommendation and referral of your trusted friends, family and co-workers regarding which Realtor you should ultimately use to buy or sell a home, be sure that you interview no less than 25 Realtors just to be safe. ®

Fetching Top Dollar for Your Home: If you are wearing the hat of “Seller,” be sure to dig up and provide your Realtor with a copy of an appraisal from a refinance you did seven years ago – right about the time the Price is Right yodeler finally reached the top of the mountain of this booming real estate market (just before tumbling down the other side into a heap of overpriced microwave ovens and torn lederhosen). The Realtor will probably give you some nonsense about a softening and/or correcting real estate values. Never mind all that. Hold steadfast to the value found on page two of your 84-month-old report. Sure, the market has shifted a bit, but not in your neighborhood. ®

*Continued on page 8

1


northeast ML#

Address

Bdr Bth

SF

Price

HOUSES 14412781 11818 NE HOLLADAY ST

2

1

807

$99,900

14076578 936 NE 192ND AVE

3

1

922

$157,500

14428215 19316 NE COUCH ST

3

1.1 1326

$178,000

14261832 10830 NE WYGANT ST

2

1

1692

$179,900

14466109 18355 NE DAVIS ST

3

1.1 1310

$179,900

14252571 16746 NE HASSALO ST

2

1

1238

$182,900

14266361 12310 NE HOLLADAY PL

2

1

1079

$185,000

14398552 17737 NE COUCH ST

3

2

1562

$187,000

14595926 3810 NE 102ND AVE

3

2

1308

$187,500

14690518 110 NE 157TH AVE

5

2

2124

$198,000

14189545 4701 NE 108TH AVE

3

1

1512

$199,900

14611677 6342 NE HASSALO ST

2

1

780

$209,000

14468307 1231 NE 84TH AVE

3

2.1 1517

$209,900

14106100 18681 NE MULTNOMAH TER

3

2.1 1601

$219,950

14545466 15516 NE HALSEY ST

4

3

1902

$227,000

14002151 3931 NE 78TH AVE

2

1

1070

$229,000

14073159 15238 NE BEECH CT

4

2

1429

$229,900

14533686 18611 NE MULTNOMAH ST

3

2.1 1697

$232,950

14551942 10643 NE SISKIYOU ST

4

2

$242,900

1452

ON THE COVER: Header Photo of "Nestucca Sea Ranch," a 25+ acre sanctuary of exclusivity and elegance.

Cloverdale, OR

4 bdrm • 4.1 bth • 7422 sq ft, 25+ ac • $7,998,000 MLS# 13-2797 • RMLS# 13522170 Contact Dennis M Regan, Prudential Taylor & Taylor Realty Co 2IÀFH‡&HOO‡ZZZGHQQLVUHJHQFRP

From the Editor:

'R\RXHYHUZRQGHULIVRPHRQHUHDG\RXUHPDLORUQRW"" Me too! I met with a lender friend, James Adair at PDX home loans and he told me about something i installed to my Gmail immediately. Have you heard of Boomerang for Gmail? RIght, I hadn't either. Until he told me that it will track whether people have read your email and if they did, when they read it. BUT, you can also set up certain emails to remind you to circle back to an email if you haven't had a response yet. It's like a task master — I love it! BUT WAIT, there's one more cool thing. You can schedule out emails! Don't want your clients to know you work at 11 so they think you should respond to them so late? (did I just say that? No, it wasn't me, lol). You can schedule it for whenever you want it sent. Super cool.

14063181 18616 NE CLACKAMAS ST

3

2.1 1811

$243,950

14201701 641 NE 162ND AVE

2

1

1182

$244,950

14134396 4606 NE 90TH AVE

3

1.1 2249

$245,000

14275171 854 NE 71ST AVE

3

2

2313

$245,000

14306821 601 NE 72ND AVE

3

1

2220

$249,900

14695237 412 NE 134TH PL

3

2

1794

$275,000

14076909 2016 NE 95TH PL

4

3

3000

$279,900

14611966 622 NE 194TH AVE

5

2

3084

$285,000

Boomerang can help you:

14352239 5737 NE CESAR E CHAVEZ

2

1

1316

$289,900

14416745 1247 NE 186TH DR

4

2.1 2068

$299,900

• Remember to pay bills

14094464 13529 NE HANCOCK ST

4

2.1 1700

$309,000

‡6FKHGXOHELUWKGD\KROLGD\QRWHVZKHQ\RXKDYHWLPHWRZULWHWKHP

14354707 2726 NE 137TH AVE

3

2

2088

$319,900

‡0DNHVXUH\RXIROORZXSZLWKDVDOHVOHDG

14524431 4816 NE GOING ST

3

2

1630

$324,900

14456076 5036 NE 14TH PL

2

1

2313

$325,000

14334010 3746 NE ROSELAWN ST

3

2.1 1412

$335,000

14333042 6445 NE 8TH AVE

4

1.1 2107

$340,000

14120413 930 NE EMERSON ST

4

3

1950

$354,900

14528167 1210 NE 152ND AVE

5

2.2 3169

$364,900

14178726 936 NE LIJA LOOP

5

2.1 2136

$370,000

14585357 8723 NE FREMONT ST

7

3

3963

$389,000

14376350 5150 NE JARRETT

3

2.1 2142

$390,000

14652767 6214 NE 16TH AVE

4

1.1 2587

$390,000

14157293 6512 NE PACIFIC ST

3

2.1 1736

$399,950

14383638 126 NE 45TH AVE

3

2

2152

$420,000

14564397 4702 NE 30TH AVE

3

2

2064

$445,000

14356170 2465 NE 58TH AVE

4

3

3047

$460,000

14625964 2230 NE 60TH AVE

3

2

2273

$484,900

14058700 3244 NE GLISAN ST

3

1

2780

$485,000

14206622 6127 NE 27TH AVE

3

2.1 2450

$510,000

14056884 3737 NE WASCO ST

3

2

2725

$529,000

14381808 4222 NE CLEVELAND AVE

4

3.1 2259

$549,900

14007299 3337 NE PACIFIC ST

3

2

2906

$550,000

14523244 89 NE MEIKLE PL

3

2

3150

$574,900

14049249 3831 NE 21ST AVE

4

3

2831

$599,000

14271803 4114 NE 10TH AVE

4

2.1 2413

$624,900

14160459 2844 NE 32ND AVE

4

2.1 2525

$625,000

14620439 2515 NE HIGHLAND

4

3

2902

$630,000

14555488 2216 NE 17TH AVE

4

2

2801

$674,900

14130265 3314 NE 52ND AVE

4

2.1 3392

$699,000

14089990 2317 NE 15TH AVE

5

2

4260

$759,000

14403489 2544 NE 24TH AVE

4

3.1 3491

$759,000

14287730 3514 NE 25TH AVE

4

3

2773

$899,900

14645974 3024 NE 23RD AVE

3

3.1 3676

$939,900

14191715 1501 NE GOLF COURT RD

4

3.1 4239

$1,080,000

14125481 532 NE 41ST AVE

4

2.1 5342

$1,250,000

This is from the website:

‡&RPPXQLFDWHZLWKSHRSOHLQGLIIHUHQWWLPH]RQHV ‡&OHDURXWWUDYHOFRQÀUPDWLRQHPDLOVUHWXUQLQJWKHPRQ  the day of your trip

And lots more! So GET IT — it's awesome! Thanks James for the useful tip :) ZZZERRPHUDQJJPDLOFRP

Tracey

Richard Voss (at Windermere)! He's been very good to PHVLQFH,MRLQHGKLVRIÀFH$QG,FRQVLGHUKLPDEXGG\WRR

-Jennifer Richardson I want to give a shout out to Tracey Hicks. What can I say? Generous, kind, supportive, giving; qualities often not associated with the business world. She has always been there for me when I've needed advice, information, or just a good gut - bucket - laugh - pick - me - up. The real deal. xox

-Jewel Robinson +DYHD6KRXW2XWWR6KDUH" Email tracey@allthingsrealestatepdx.com

CONDOS 14202767 900 NE 81ST AVE #313

0

1

439

$89,900

14357778 280 NE 60TH AVE #24

1

1

629

$155,000

14655923 4318 NE 125TH PL

3

2

1804

$162,000

14043279 4663 NE KILLINGSWORTH ST C 3

1.1 1125

$169,000

14453267 900 NE 81ST AVE #107

1

0.1

658

$169,900

14443228 2153 NE WEIDLER ST

2

1

798

$183,000

14375755 900 NE 81ST AVE #405

0

1

807

$199,900

14317683 4341 NE HALSEY ST #16

2

1

840

$219,000

14489854 1718 NE 11TH AVE #409

1

1

749

$225,000

14289735 331 NE BRYANT ST #1-3

3

2.1 1260

$229,900

14656836 344 NE MORGAN ST 11-2

3

3

1163

$239,000

14358461 1620 NE BROADWAY ST #240 1

1

909

$299,900

13067694 836 NE HOLMAN ST

3

2.1 1500

$360,000

14107087 1621 NE 74TH AVE

3

2.1 1768

$374,950

14322897 1629 NE 74TH AVE

3

2.1 1768

$374,950

14146781 3745 NE MALLORY AVE

4

2.1 2814

$639,000

14409223 923 NE FREMONT ST

4

3.1 2610

$650,000

2

EXECUTIVE EDITOR Tracey Hicks

PUBLISHER Cory Burden

ADVERTISING SALES Jan Karr 971.227.3722 Jan@AllThingsRealEstatePdx.com

EXECUTIVE ASSISTANT Alexa Fountaine 503.444.1717 Alexa.ATRE@gmail.com

All Things Real Estate newspaper is published by Cedar House Media, Beaverton’s home-grown print and graphics shop.

4575 SW Tucker Ave. | Beaverton, OR 97005 | 503.641.3320

allthingsrealestatepdx com

GRAPHIC DESIGN / LAYOUT Audrey Moran


sellers ON LIGHT Invisible Illnesses: "But You Look So Good" SHEDDING

By Karrie Sundbom

Kathleen O’Donnell

H

Have you ever seen someone park in a handicap spot and they look perfectly healthy? You wonder, “They’re not disabled, they can walk just fine!” What most don’t stop to think is that perhaps this individual may have an invisible disease. A disease that causes a brief walk across the parking lot to feel like the equivalent of running the length of a football field five times over while every single joint screams in pain.

O’Donnell Group Realty 503.519.3400 odonnellgrouprealty.com

Specializing in vintage and luxury homes. EXPERIENCE , INTEGRITY , FOCUS

More than 125 million Americans have at least one chronic condition (defined as a condition that lasts 3 months or longer.) Chronic illnesses often share one major characteristic: they are not visible to an onlooker; thus the term “invisible illness.”

Let me & my team help you get into your dream home! Timm Ready MLO-138444 Sr. Mortgage Banker Pacific Residential Mortgage, LLC 4949 Meadows Road, Ste. 150 Lake Oswego, OR 97035 Phone: 503-699-5626, Ext. 4961 team.ready@pacresmortgage.com

Born & raised in NE Portland, I know the ins and outs of NE and the greater Portland area. I am passionate about helping people through the process of buying a home!

Call me to start making your dream home a reality.

www.pacresmortgage.com Credit on approval. Terms subject to change without notice. Not a commitment to lend. Call for details. www.nmlsconsumeraccess.org

Revive and Refresh Your Home With Some Easy Seasonal Changes Spring is right around the corner, It’s time to pack away the sweaters and boots for lighter layers. Homeowners should embrace this same mindset – one where you pack away the heavy textures and colors of winter in favor of breezy fabrics and fun decor that inspire a fresh feeling in your house. Break out of the winter gloom by making some simple changes to your home with bright, fresh decor. Here are some tips to integrate some seasonal flair in your home that capture the feeling of springtime, without having to spend a lot of time or money. Color To uplift your mood and give your home a new personality, color should be the first thing you address. Paint is an easy and affordable way to dramatically change a living space. Feeling adventurous? Dabble in some vibrant shades inspired by the spring time

flowers in Portland. Love the bright red of blooming tulips? How about the rich blue of the sky at the noon hour? Try picking one thing and paint it that bold color – a single wall, a door, or even a piece of furniture. Watch as the entire room suddenly comes to life. Refresh your textiles Making small changes to your home’s decor is a great way to refresh the interior, and you don’t have to spend a ton of money. Changing the textiles in a room is a fast and easy change that will create a whole new feeling in the space. Spring is the perfect time for this, as most retailers are receiving summer collections now, with textiles full of color that can be layered into any room. Look at textiles as a whole in each room, the rugs, curtains and pillows, replace with ones that add a pop of color and maybe that feature botanical designs. Seasonal décor changes are simple and can be swapped out year after year.

Those with invisible disabilities can present with varying symptoms, such as debilitating pain, fatigue, dizziness, weakness, cognitive dysfunctions, mental disorders, as well as hearing and vision impairments that often limit daily activities. Unfortunately, people often judge others by what they see. It may, therefore, be difficult to understand someone who “looks” fine, but acts incapable. Comments are often made as to why they are often absent from work, why they are not available for social activities with friends, why they often seem short tempered, withdrawn or depressed, or why they lay in bed so often. The invisible illness sufferer is often labeled as lazy while disease wreaks havoc inside their body. Sufferers are frequently met with the response, “but you look so good.” This is, perhaps, one of the most frustrating things to hear

Bring some “green” indoors The blooms of spring are a big reason it’s such an inspirational season, and houseplants are a great tool for awakening that sense of nature and bringing the outdoors inside. Houseplants make any room look more luxurious, and they are natural air cleaners, awakening the senses of spring’s fresh air. Interior decor can also reflect the natural feeling that indoor plants provide. Coordinate pieces that feature nature’s elements, such as a leaf motif on a lamp shade or a beach scene on a piece of wall art. These elements, while subtle, will work together to provide a seamless update to any décor. Clear the clutter Of course any home refresh is not complete without some cleaning. Don’t let spring cleaning overwhelm you – start small and go through any clutter, sorting into piles to use, store, give away and throw away. A good dusting goes a long way too, so be sure to hit all the surfaces with a damp cloth. Shine up mirrors and wash windows which will reflect that beautiful spring sunshine and brighten up your home. Changing your home to reflect the seasons is easy with a few basic steps and a little creativity. Remember to embrace the feeling of spring, and the inspiration will come naturally. Ready to Sell PDX operates in the greater Portland/Vancouver area. Read more about Staci’s business here: www.ReadytoSellPDX.com

allthingsrealestatepdx com

for those who suffer with these invisible illnesses. We all get sick once in a while, right? No one judges us for this, and many may even empathize for those few days. But like most of the healthy population, we are back on our feet and moving on with our lives in no time. But what if that cold or flu never went away? Imagine the anxiety and depression you might feel knowing that what you have was chronic, had no cure, and that it could potentially be a part of your life forever. Now, envision trying to explain this new painful reality to your family, friends, and co-workers in a way that they would understand when you look perfectly fine on the outside. Spreading awareness about invisible illnesses, such as lupus, is the only way to create a more accepting, understanding world with medical and social validation for those who suffer.

To read more on this and other lupus topics, please visit mollysfund.org/blogs

What does withdrawn PHDQRQDQ0/6OLVWLQJ" This means the home has been removed from the service and is no longer for sale. It doesn’t mean it has been sold, in which case the MLS listing would read “under contract” or “sold.” If you’re interested in a home that has withdrawn, you don’t have to give up hope to buy it. Homeowners withdraw for several reasons: ‡7KH\ YHGHFLGHGIRUÀQDQFLDOor personal reasons not to sell. Some put their home up for sale to see what kind of offers they can get, WKHQZLWKGUDZLIWKH\·UHXQVDWLVÀHG with the response. Their reason for selling may have also changed due to a job that fell through or family circumstances. • They’ve discovered a problem in WKHKRPHWKDWQHHGVWREHÀ[HG or have decided their home will sell for higher with improvements. ‡7KHKRPHZDVSULFHGWRRKLJK and on the market for too long. Sometimes sellers will take a home off the market and relist later so it doesn’t show up as having been on the market for months. ‡7KHVHOOHUVZDQWDEUHDNIURP VKRZLQJduring the holiday season or for personal reasons, but plan to put it back on the market later. ‡7KHVHOOHUVSODQWRVZLWFK5HDO tors® but want time interview new agents and reevaluate their home and its price. Michele Lerner, realtor.com

3


northwest ML#

Address

Bdr Bth

SF

Price

HOUSES 14126968 2430 NW BURNETT ST

3

2.1 1792

$340,000

14548334 8985 NW OAK ST

3

2

1655

$365,000

14440779 11085 NW MCDANIEL RD

3

2.1 2476

$424,500

14657546 2027 NW LANGLEY CT

5

3.1 3409

$629,000

14612621 2516 NW BIRKENDENE ST

4

3

3501

$649,999

14651280 2069 NW KEARNEY ST

2

2

2468

$650,000

14145017 4403 W BURNSIDE RD

4

2.1 3383

$689,000

14594048 1239 NW MAYFIELD RD

3

2.1 3660

$695,000

14329814 1727 NW 33RD AVE

2

2

2405

$759,000

14421797 9130 NW LEAHY RD

4

3.1 3875

$774,900

14478137 4881 NW BARNES RD

4

3

3443

$777,000

14247712 9504 NW BARTHOLOMEW DR 6

3.1 4891

$795,000

14436367 8612 NW HAZELTINE ST

3

2.1 3856

$799,921

14106312 331 NW KRONAN CT

2

2.1 3534

$819,000

14114730 8408 NW HAWKINS BLVD

5

4.1 4147

$869,500

14449194 2750 NW MONTE VISTA TER

3

2

3028

$875,000

14433437 2536 NW OVERTON ST

3

2.2 4035

$899,000

13316070 8927 NW ROCKWELL LN

5

4.1 4767

$925,000

14589220 2758 NW CALUMET TER

3

2.2 3235

$925,000

14162466 3343 NW CHAPIN DR

4

3.1 4782

$1,050,000

14479072 9225 NW MCKENNA DR

5

5.1 6032

$1,299,000

14057672 465 NW ROYAL BLVD

5

4.1 7626

$2,599,000

14096788 3460 NW 179TH PL

3

1.1 1250

$215,000

14514429 17540 NW PARK VIEW BLVD

3

2

1292

$215,000

14681495 11484 NW MELODY LN

2

1

1130

$220,000

14011516 15151 NW NIGHTSHADE DR

2

2.1 1177

$235,000

14200318 4730 NW SALISHAN DR

3

0.2 1369

$257,000

14178385 16741 NW COUNTRYRIDGE DR4

2.1 2061

$365,000

14535129 5956 NW SICKLE TER

3

1934

$379,900

14348769 5837 NW LARK MEADOW TER 3

2.1 2260

$384,900

14199366 2586 NW PARNELL TER

3

2.1 2190

$389,917

14544754 11310 NW KIMBLE CT

4

2.1 2235

$429,900

14530737 20015 NW NESTUCCA DR

3

2

2492

$430,000

14063779 16286 NW ROSSETTA ST

4

3

2316

$454,100

14227615 21036 NW GALICE LN

4

2.1 3193

$465,000

14387799 6074 NW TROWBRIDGE DR

4

2.1 2448

$474,995

14069422 5025 NW SKYCREST PKWY

3

3

2670

$489,900

14441562 3818 NW 119TH TER

4

3

2606

$498,000

14145384 4865 NW NESKOWIN AVE

5

3.1 3464

$505,000

14285556 13810 NW TREVINO ST

4

2.1 2466

$509,000

14127224 14990 NW DOMINION DR

4

2.1 2746

$575,000

14092981 12980 NW ETHAN DR

5

4

3174

$584,995

14226047 5675 NW 137TH AVE

3

1.1 2804

$599,000

14387548 10007 NW BRADY LN

5

3

3799

$599,900

14294688 12885 NW ETHAN DR

4

3.1 3461

$635,995

14613636 5670 NW 128TH TER

4

3.1 3461

$660,995

14097683 9460 NW LEAHY RD

4

3.1 3486

$689,900

14315606 3285 NW BAUER WOODS DR 4

2.1 3339

$749,900

4

14140408 2056 NW 127TH PL

4

3.1 4077

14231616 12527 NW WOODLAND CT

3

3

5084

$1,050,000

14564878 3840 NW 118TH PL

3

3

4014

$1,085,000

2

1

812

$105,000

• Is the house located in an HOA? • Can a townhome command as much rent as a condo?

W

hen Investors are analyzing the purchase of a Multi Family property, they look at the income and expense of the property to determine if they will have a good return on their money. Then they try to predict what the return will be moving forward into the future. A common mathematical equation to determine this return is called the Capitalization Rate, or Cap Rate for short. But what about investors of single family homes? What do they analyze to determine if the house is going to provide the return on their money that they are hoping for? Brokers and Property Managers can and should help Investors with the many different factors that come into play. So often the answer is not, “Just buy a 3 bedroom, 2 bath home in Beaverton and you’ll be fine!� What if this particularly sophisticated investor from San Francisco asks you, the local Broker and expert in the Portland Residential Real Estate Market (That’s what your website says, after all), about the possibility of buying a condo, or townhouse, or perhaps a duplex instead? What are the advantages or disadvantages or each of those? How would you reply? There are many possibilities to help him spend his money, but if

you can’t easily navigate his questions, he will spend his money with someone who speaks “Investor� a little more fluently.

• How much more can a condo command in rent if it has a reserved parking spot? Storage unit?

Here is a quick list to help you start thinking about factors Investors consider: • Don’t forget about condo dues and move-in fees for condos. Who pays this fee, the tenant or will the Owner contribute?

• Are the Management Fees the same for each property?

• Turn-over costs are more frequent with plexes, but a single

Troy K. Rappold, CPMŽ, MPMŠ Rappold Property Management troy@rappoldpropertymenagement.com  After hearing from many Brokers there was a real need for high quality, residential Property Management in the Greater Portland Metro area, Troy started Rappold Property Management, LLC in March, 2005. He's been working 70 hours a week since...(humor). His team of 10 employees currently manages approximately 425 doors from Gresham to Hillsboro, North Portland to Wilsonville, and all points in between. They are always looking WRJURZWKHLUSRVLWLYHLQà XHQFHZLWKWKHDFTXLVLWLRQRITXDOLW\ properties and great tenants. Troy earned his CPM (CertiÀHG3URSHUW\0DQDJHU IURP,5(0 ,QVWLWXWHRI5HDO(VWDWH Management), and his company has the highest designaWLRQRISURIHVVLRQDOLVPLQWKHLQGXVWU\&HUWLÀHG5HVLGHQWLDO Management Company (CRMC). Troy grew up in Colorado Springs, attended the University of Colorado, and moved to Portland in 1999.

Cudi’s CORNER

$885,000

CONDOS 14339371 12612 NW BARNES RD #1

REAL ESTATE

vacancy at a 4 plex doesn’t hurt as much as when there is a vacancy at a single house.

Cudi

Sadie

14212719 20 NW 16TH AVE #7

1

1

382

$125,000

14235120 1125 NW 9TH AVE #424

0

1

527

$169,900

14522047 2109 NW IRVING ST #204

1

1

511

$184,900

14090515 10228 NW VILLAGE HEIGHTS

2

2

1136

$222,000

14605223 2217 NW CEDAR VIEW LN

2

2.1 1691

$289,800

14139897 2339 NW MILLER RD

2

2.1 1562

$325,000

14327001 9803 NW SILVER RIDGE LOOP 2

2

1424

$335,000

14077999 840 NW NAITO H3 PKWY H3

2

2

1082

$339,900

14582618 1310 NW NAITO PKWY #205

1

1.1 1005

$379,000

14341169 1310 NW NAITO PKWY #106

1

1.1

999

$389,000

Top 10 Toxins in the Kitchen:

14316122 2107 NW VILLAGE CIR #21

2

2.1 2045

$445,000

Chocolate

Onions/garlic/chives

14485854 327 NW PARK AVE PHW

2

2

1481

$529,000

14439912 1255 NW 9TH AVE #210

2

2

1210

$569,900

Xylitol (sugar-free chewing gum)

Macadamia nuts

14084813 937 NW GLISAN ST #536

2

2

1299

$639,900

Grapes/raisins/currants

Unbaked yeast bread dough

14243201 2141 NW DAVIS ST #103

2

1

1391

$695,000

Caffeine (coffee, tea)

Alcohol

14028328 2445 NW WESTOVER RD #203 2

2.1 1977

$699,000

Fatty scraps

Table salt

14365233 1260 NW NAITO PKWY #1003 2

2.2 1327

$749,000

14162377 922 NW 11TH AVE #106

3

2678

$875,000

2

14642618 1310 NW NAITO PKWY 603A

2

2.1 1970

$895,000

14331892 1410 NW KEARNEY ST #1118

2

2

$990,000

4

2059

Sadie belongs to Adam, Karlo, & Breylan

The 50th ry of anniversa vention Poison Pre arch Week is M   

KEEP YOUR HOME FREE OF PET POISONS

During National Poison Prevention Awareness Month

allthingsrealestatepdx com


buyers

Opportunity

Property With Acreage

Investment Property Exchange Services, Inc.

PRICE REDUCED — Amazing turn key opportunity to live, play and work all on your own piece of land. This 36.1 acre property includes several outbuildings, QHZHUED\RYHUVL]HGVKRSEDUQVSDVWXUHVJUHHQKRXVHV*DOHV )LU&UHHNÀUH pit and manicured yard. 1936 built farmhouse was tastefully remodeled in 2003.

3 bdrm • 1.1 bth • 1716 sq ft • 36.1 acres • RMLS# 13660983 &RQWDFW$ODQD:DOWHUV-RKQ/6FRWW0DUNHW&HQWHU

Around

the Country:

Rare Harry Gesner Boathouse For Sale

HOLLYWOOD: Peeking out over the tree line in the Hollywood Hills is

this adventurous little bungalow designed by Harry Gesner. Known for his ZRUNDORQJWKH3DFLĂ€F&RDVW+LJKZD\WKHDUFKLWHFWFUHDWHGKLVSRGV with a “crew of Norwegian ship buildersâ€? to assist in the construction, ultimately creating what have become some of the most iconic and recognizable midcentury homes in Los Angeles. Because of their exclusivity, it’s a rare and celebrated occurrence when a boathouse hits the market. The latest being this 1,204-square-foot variety, which currently asks $649,000. Jimmy Bayan of Keller William Realty has the listing.

By Toija Beutler, Attorney/Manager

re you trying to make a living in real estate? You need to be able to spot the opportunity for a 1031 exchange.

A

primary residence where they have a rental unit or have a business located on the property. Spot that as an opportunity for your Seller to do a 1031 exchange!

+RZGRHVWKHH[FKDQJHEHQHĂ€WD UHDOHVWDWHEURNHU" In every successful exchange there is a relinquished property and a replacement property. The agent who is able to spot the opportunity for an exchange at the time they are listing a property is more likely to be out with the Seller looking for the replacement property and earning a second commission.

The primary benefit of an exchange for the Seller is the ability to defer the payment of capital gain taxes and defer recapture of depreciation deductions.

+RZFDQ\RXUHFRJQL]HWKH RSSRUWXQLW\IRUDQH[FKDQJH" When you are taking the listing of a property that in whole, or in part, is being used as a rental or for business purposes. 1031 is also available for land held for investment (but not land held by builders and developers as inventory). Examples: • You are taking the listing of a rental house or a commercial building. Spot that as an opportunity for your Seller to do a 1031 exchange! • You are taking the listing of someone’s

Don’t be the broker whose client calls after closing yelling, “Why didn’t you tell me I could do an exchange?!� In a listing appointment you are the first person on the scene of a potential sale and every sale is potentially taxable. Spot the opportunity for an exchange at the time of listing – rental, commercial or investment land – and tell your client to call their tax advisor and the exchange company. Toija J. Beutler, Attorney/ NW Regional Manager, Investment Property Exchange Services, Inc., is a member of the Oregon State Bar and joined IPX1031 in 1992. toija.beutler@ipx1031.com

$SSUDLVDOV 7UDQVDFWLRQVZLWK0XOWLSOH2IIHUV Buyer may bring the $10,000 difference in cash:

This may impact the borrower’s reserves, so it is imperative that the lender be aware of the situation and verify that the deal is still viable. In most cases, the $10,000 may be gifted from a relative so that is also important to keep in mind. Buyer and seller, via their Realtors, may renegotiate the contract and do some combination of reduced seller paid closing costs and/or discounting the purchase price.

As we are all aware, the current residential real estate market is highly competitive, with multiple offers above list price becoming commonplace. While this is a bonus for sellers, it may be problematic in terms of financing if the home under contract fails to appraise at the agreed upon price. Lenders, traditionally, view the value of a property as the lesser of the purchase price or appraised value. For example, if the list price is $250,000, accepted offer is $270,000, and the appraised value is $260,000, banks will use the $260,000 in their underwriting calculations. This is the point where a transaction may be in jeopardy and it becomes paramount that RealtorsÂŽ be aware of some common tactics and their potential implications when encountering this issue. $IHZRIWKHVHVWUDWHJLHVDQGKRZ they may impact the loan, include: Seller may reduce the price to match the appraisal valuation:

Generally, the goal is to meet somewhere in the middle. Some critical points to consider from the lending perspective are: do the borrower’s have enough cash to close? Will the negotiated changes affect their qualifying ratios? Are the lender reserve requirements able to be met? 7KHOLVWLQJDQGRUVHOOLQJDJHQWPD\SURYLGHZKDWWKH\FRQVLGHU additional comparable sales to the lender and have the lender request a reconsideration of value from the appraiser.

This is in no way guaranteed, and usually takes a few days. In a transaction with a finite timeline, this may not be feasible and key negotiating time may be lost if the appraiser stands by their original report and makes no value adjustment. When days are lost on a transaction with a locked interest rate, consideration must be placed on the cost and policy of the lender regarding rate lock extensions. Since we are currently in a rising rate environment, a borrower may qualify with their initial locked rate, but not qualify if they have to accept an upward adjustment. Obviously, the aforementioned ideas do not represent all of the options for this situation. However, they do appear to be how the vast majority of successful transactions containing this feature close. Enjoy Spring and be well.

5

Ways to

BATH & LAUNDRY Use a cream cleanser like ROG1 IROORZHGE\52*WRJHWWKHJURVV VWXIIRXWRI\RXUWXEDQGVKRZHU Use bleach and CelluCotton to get mold out of your tub caulk. 7RJHWWKDWZHLUGPROGWKDWJURZV under the rim of your toilet, use vinegar and duct tape. Check out how at blog.homespothq.com; 6FUXE\RXUWXEZLWKSHSSHUPLQW oil, baking soda, and liquid soap to make your bath smell great. &OHDQRXWDWRSORDGLQJZDVKLQJ PDFKLQHZLWKYLQHJDUEDNLQJ soda, and an old toothbrush. buzzfeed.com

This is the ideal solution as it has no impact on the financing.

allthingsrealestatepdx com

5


green homes ML#

Address

Bdr Bth

SF

Price

HOUSES 14142150 8715 N DRUID

3

2.1 1636

$309,000

14671083 3733 N BALDWIN ST

3

2.1 2507

$524,900

14266920 2233 N HOLMAN ST

4

2.1 2248

$549,900

14531227 4427 N GANTENBEIN AVE

3

3

2335

$619,900

14376350 5150 NE JARRETT

3

2.1 2142

$390,000

14271803 4114 NE 10TH AVE

4

2.1 2413

$624,900

14620439 2515 NE HIGHLAND

4

3

2902

$630,000

14114138 6807 SE HOLGATE

3

2.1 2142

$349,900

14560635 6819 SE HOLGATE

3

2.1 2142

$349,900

14235012 5736 SE OGDEN

3

2.1 2142

$358,500

14362119 4442 SE RURAL ST

3

2.1 1543

$374,900

13097264 7320 SE 48TH AVE

3

2.1 1602

$419,900

14351072 3920 SE WOODSTOCK BLVD

4

2.1 2526

$624,900

14117807 6806 SE 45TH AVE

4

3.1 2705

$650,000

13197035 1317 SE SHERRETT ST

3

3.1 2583

$679,950

14053927 7535 SE 18TH AVE

4

3.1 2977

$685,000

14673951 415 SE 67TH AVE

4

2.1 3205

$749,900

14397068 15758 SE JANSIK CT

4

2.1 2010

$279,900

14641784 14641 CATALPA WAY

3

2.1 2116

$314,950

14487045 18844 AUTUMN CREST PL

3

2.1 1972

$329,950

14022820 1830 CLOVERLEAF RD

3

2.1 1857

$598,000

14550734 10820 SW 61ST

3

2.1 2142

$405,000

14246347 10830 SW 61ST AVE

4

2.1 2500

$460,000

14464707 1260 SW DOLPH

4

2.1 2507

$559,900

14238786 681 SW MAPLECREST DR LOT 2 4

3.1 3150

$575,000

14300514 3737 SW SWEETBRIAR DR

3

2.1 3362

$849,000

14535522 4019 SW DOWNS VIEW CT

4

4.2 4280

$1,375,000

14648191 5937 NW 170TH ST

4

2.1 2520

$463,997

14526223 5838 NW 170TH AVE

5

2.1 3310

$539,956

14018939 19548 SW SONIA LN

4

2.1 2613

$449,978

14625763 19520 SW SONIA LN

4

2.1 2613

$466,590

14020240 8058 SW 195TH AVE

5

2.1 3010

$523,823

14602513 8034 SW 195TH AVE

5

2.1 3310

$539,997

14103588 16942 SW 134TH TER L26

3

2.1 1388

$254,990

14294500 16987 SW 133RD TER L2043

3

2.1 1562

$279,990

14573220 16998 SW 134TH TER L22

4

2.1 1725

$279,990

14482752 17431 SW MONTAGUE WAY

3

2.1 1698

$289,900

14451496 16893 SW 134TH TER L15

3

2.1 2030

$334,990

14056170 16857 SW 134TH TER L2013

3

2.1 2030

$339,990

14499928 29150 SW BERGEN LN

4

2.1 1920

$339,990

14263204 13347 SW FITZWILLIAM DR L2007 4

2.1 2345

$344,990

14647047 12747 SW WILLOW POINT LN

3

2.1 3165

$449,963

14211287 13871 SW 90TH AVE

3

2.1 2776

$508,950

14582878 15272 SW GREENRIDGE PL

4

3

3725

$684,900

14146781 3745 NE MALLORY AVE

4

2.1 2814

$639,000

14348516 11 CRESTFIELD CT

1

1

550

$95,000

14447660 1221 SW 10TH AVE #210

1

1

775

$310,000

14411000 1221 SW 10TH AVE #911

1

1

891

$347,500

13503456 0836 SW CURRY ST #1606

1

1

982

$394,500

14686701 2351 NW WESTOVER RD #705 2

2

1165

$499,000

14199868 1025 NW COUCH ST #621

1

1.1 1074

$575,000

14214682 10195 SW MORRISON ST

3

3

2905

$579,900

14084813 937 NW GLISAN ST #536

2

2

1299

$639,900

14296800 3570 SW RIVER PKWY #2405

2

2

1723

$899,000

14030980 1025 NW COUCH ST #1114

2

2

1720

$1,050,000

14593377 1025 NW COUCH ST #1315

2

2

1811

$1,125,000

14463494 3601 SW RIVER PKWY #2803

2

2.1 2699

$1,175,000

14206618 28863 SW COSTA CIR W

3

2.1 1484

$250,000

CONDOS

6

RENAISSANCE’S CATERS to ACTIVE LIFESTYLES

Y

ou can have it all. Looking for a new energy-efficient home in a family-friendly, flat neighborhood? Need extra storage capabilities and desire the finest interior finishes? Like a fenced yard and low monthly utility bills? Welcome home to Stono 93 in Tualatin by Renaissance Homes. Named after the intersection of SW Stono Drive and SW 93rd Terrace, Reniassance is building six exclusive new homes in Tualatin this spring and is pleased to announce the new Avery (2,830 sq. ft.) and Blake (3,058 sq. ft.) floorplans. All six homes will feature main level dens, three car garages, extensive hardwood floors, granite kitchen countertops, large master suites with walk-in closets and soaking tubs, upstairs bonus rooms and upstairs laundry rooms. The Blake features 5 bedrooms; The Avery features 4 bedrooms.

Choose your new home early in the construction process and select your interior finishes at features through the Renaissance Design Studio.

Tualatin Lifestyle Enjoy the award-winning parks, nearby natural areas, community involvement, fantastic school district, dining and shopping destinations and close proximity to freeways.

93

By Nicole DeCosta

Valley — Oregon’s wine country — just 30 minutes away. Live the active life you’ve imaged in Tualatin, where the public library is vibrant, walking trails are in abundance, and the restaurants cater to every palette. Welcome home to Stono 93.

Just 12 miles south of Portland, Tualatin is an active community named after the Tualatin River, which flows across the city’s northern boundary. There are more than 280 acres of parks, trails and natural areas in Tualatin, including Browns Ferry Park and Community Park. Let summer nights linger with dinner on a patio at Tualatin Commons. Catch a movie and shop ’till you drop at Bridgeport Village — an upscale European open market themed shopping destination. Grab some friends and take them to the Willamette

YOUR FULL LIFE DESIGN FORMULA What is your next life chapter? Are you in it now- has it already begun? Or are you right on the cusp? How will your new chapter be defined? What will distinguish it from what has come before? How will your soul shine even more in this phase of your life? These are the sweet, sweet questions to spend some time with this week.

ADD: Permission As you start a new chapter or begin to think about what a new chapter could look like for you, one thing I encourage you to do is take care of you. Take out a piece of paper right now and write "I give myself permission to take care of myself." When you are in the midst of doing something good for yourself, but that little voice creeps in, the one that keeps us fearful and playing small, and starts to say things like- what do you think you're doing taking this time for yourself, there is laundry piling up, work waiting at your desk, your family NEEDS you. Well, I will tell you one thing that is so easy to forget- you NEED you. You, yourself and you have to set the boundaries that give you what you need to feel replenished, rejuvenated, and that give you what you need to go on. It's not enough to look out for everyone else's needs; you must include your own as well. So, the next time that voice shows up, pull out your permission slip and give that voice its walking papers!

SUBTRACT: Walking on a Tightrope

For more information, to view the list of available properties and see photos, visit 5HQDLVVDQFH+RPHVFRP or contact Leslee Lahey at 

it is that steps forward, give some of your time and attention to it, and it will come back to you in all good ways, sevenfold. And it is my bet too, that it will propel your into your next life chapter. Blessed be, so it is and so it shall be.

MULTIPLY: Being Bold The world wants to keep you small, well, I think not. Now is the time to do some big time dreaming and scheming, as we move a little further into this bright and shiny new year. Dreaming is what I call the time when we let our dreams out to play, we let them run wild and free- no holds barred, be as bold and daring as you deserve to be. Do not let anyone stop you or hold you back. Scheming is part 2, it's the real deal, nuts and bolts, the “how do I make this big time amazing dream come true” part, the to do's, the strategy, the supportsALL of it! Look at this as a 2 part process- they go hand in hand. If you want your dreams to come true, you cannot have one without the other. This is the FULL LIFE DESIGN way; it's what I help my clients do. So, do this on your own, or let me know if you want my help. It may just be the key to YOUR next life chapter!

Do you feel stressed, strung out, spread thin, like you're walking on a tightrope and one misstep away from disaster? You don't need to live like this anymore. It is no longer serving you. It is time for you to have your feet planted firmly on the ground. What will do that for you? What is the one area of your life that needs your attention right now? I ask because I trust YOUR wisdom and I know that you know. So, don't worry about the big picture right now, in this moment, what is calling Katie Slack, Business & Life Strategist out to you? Shine a little more light on whatever area of your life FullLifeDesign.com • 503.479.5997

allthingsrealestatepdx com


restore, renovate, remodel

10

Ways to Trim

COSTS

When it comes to home improvement, many of us have champagne tastes and a beer budget. We envision magnum-sized rooms sparkling with natural light and overflowing with the latest materials and fixtures. But when we pore over the cost figures, we opt for Budget Lite. The point is this: You usually can’t do everything you want to do. In most cases, you have to sacrifice square footage, quality, or other features you want. The question becomes, what is the best way to cut corners? Here we look at ten ways to trim the excess from a remodeling budget without compromising your results.

Set priorities. Decide what is critical and what isn’t. You may be willing to settle for vinyl flooring if it means you can get a higher grade of cabinets. But there are probably some things at the top of your wish list. If you’ve always wanted radiant heating beneath the bathroom floor, this is your chance. Budget for the things you really want. Rethink the scale of your improvements. Consider whether cosmetic changes such as replacing fixtures or updating with paint might suffice. For example, changing your home’s lighting is a simple technique that can make a tremendous difference in the way rooms feel. Avoid costly types of construction. If possible, don’t move bearing walls, alter a roofline, restructure a floor, install new windows, or make involved changes to plumbing and electrical. You can usually save money by working within the existing exterior walls and roof. When possible, plan bathrooms and kitchens where they can share major drains, vents, and supply pipes. Doing so can dramatically reduce the cost of plumbing labor and materials. Similarly, you can save by arranging plumbing fixtures against one or two walls. ([SORUHZD\VWRXVHPRGHUDWHO\SULFHGPDWHULDOVFUHDWLYHO\WRDFKLHYH JUHDWORRNLQJ UHVXOWV Toward this end, become familiar with the many options available. Knowing the world of possibilities gives you the ability to choose less expensive materials or fixtures without compromising the results. If, for example, stock cabinets can

&

achieve the same look as custom ones, why pay the premium? Don’t cut corners on highly vis LEOHZRUNIf it will cost a little more to get a high-quality drywall job or crafted trim work, spend the extra. On the other hand, be aware that some highly visible features, such as plumbing fixtures or paint, may be relatively easy to upgrade later. Gather as much cost informa tion as possible. For this, you’ll have to do some homework. You can get a pretty good idea of typical costs of materials and fixtures at a home improvement center. Whether or not you intend to do some or all of your own work, get at least three bids from contractors or other professionals. This will help you determine the savings you will realize if you do it yourself. Protect yourself from cost over UXQV E\ KLULQJ RQO\ TXDOLÀHG reliable professionals, and be sure to detail every aspect of the work to be done in a written agreement. The best way to find good help is through personal recommendations. Alternatively, you can find qualified, pre-screened contractors and professionals here. Don’t pay more than you need WR IRU ÀQDQFLQJ You’ll have to do the math to figure the best option. Refi-

nancing with low fixed interest rates will allow you to pay for your remodel over the life of your mortgage–but setup costs may be higher than for other types of loans. A home equity loan, added as a second to your existing loan, is usually very inexpensive to set up but will have a slightly higher interest rate. Then again, if you have little equity in your property, a more expensive home improvement loan may be your only choice. Be sure to consider the tax consequences of any choice you make. Stretch the value of your future dollars by choosing improve ments that offer a strong return on your investment, particularly if you plan to sell your home within a few years. Consider doing some of your RZQ ZRUN or acting as the contractor if you’re experienced at do-it-yourself work. Because labor often accounts for half (or more) of a major project’s cost, you can often save significantly by reducing the labor factor. Just be aware that this can be a big job, and you can’t always do it cheaper than a pro. Remember that your time has a value, and you may pay more for materials and subcontractors. All of these factors add up. hometips.com

The CARE FEEDING of YOUR HOME: %XON:DWHU+DQGOLQJ³5RRI*XWWHU'RZQVSRXWV Gutters should be checked to make sure: • All debris is removed, • They are tight to the house, • They slope toward the downspout, and

A

s I sit and write this, the weatherman is talking about how much this is like the winter of 1996. For those who may not remember, there was a pretty heavy snow fall, followed by a warming along with a lot of rain. Well, so far he has it right. In fact, he just predicted up to 3� of rain over the next 24 hours. That fits with the ’96 climate picture, too. Usually, our rain comes down in a drizzle throughout the winter and spring, but this year there may be a few good downpours that put the bulk water handling systems on our homes to the test. If you haven’t done it yet this winter, this would be a good time to take a look at the condition of the roof, gutters, downspouts, and rain drains.

The roof should be checked to make sure: • All shingles are intact and laying à DW • Rubber boots on vent pipes are in good condition • Roof vents are not cracked • Flashing along walls and chimneys is in good shape ‡6N\OLJKWVDUHSURSHUO\à DVKHG and sealed • Valleys are clear of needles and leaves • Moss growth is eliminated

• Any drips noticed in the past are corrected If leaves and needles are an ongoing issue, this is a great time to install some sort of gutter protection system, as well. The downspouts should be flushed clear with a hose to make sure water flows freely. Here in Portland, the city wants us to drain the water onto the lawn or into a flower bed, but be careful not to dump the water too close to the foundation or you’ll end up with water in the basement or in a crawl space. If the downspouts empty into a rain drain, now is the time to make sure it flows freely. Simply run a hose at full pressure for a few

allthingsrealestatepdx com

minutes to make sure the water won’t back up. While all of these items can be considered as Do-It-Yourself projects, I strongly encourage using professionals to reduce the risk of personal injury, especially when it comes to working on the roof or tall ladders. Handyman Bob offers home improvement advice on his radio show, Around The House, every Saturday from noon to 2:00 on FM News 101 KXL. He is also a voice-over artist. Getting your business message across may be as simple as having a professional deliver it for you. Let The Strong Voice of Handyman Bob carry it to your desired audience in videos, PowerPoint presentations, radio commercials or telephone messages-on-hold – samples available at:

TheStrongVoice.com

7


southeast ML#

Address

ial

Bdr Bth

SF

Price

HOUSES 14253330 11855 SE OAK ST

2

1

1169

$116,000

14238001 13001 SE HAROLD ST

2

1

1011

$134,900

14551801 7310 SE SCHILLER ST

2

1

1325

$135,000

14687321 6205 SE 93RD AVE

2

1

900

$149,900

14642607 1037 SE 167TH AVE

4

2.1 1515

$152,000

14001884 6607 SE 84TH AVE

2

1

792

$160,000

14428999 1507 SE 139TH AVE

7

2.1 2308

$165,000

14646954 6916 SE 85TH AVE

3

1

963

$169,000

14282880 3806 SE 105TH AVE

3

1

1080

$170,000

14628320 15833 SE TIBBETTS ST

3

1

1341

$172,000

14258592 5420 SE HARNEY DR

1

1

1248

$179,000

14148141 1026 SE 196TH AVE

3

1

888

$179,500

14159079 6467 SE 135TH AVE

3

1

1328

$184,900

14521128 127 SE 136TH AVE

2

1.1 1013

$185,000

14671407 2739 SE 174TH AVE

3

2

1263

$187,500

14481455 2722 SE 176TH PL

3

1.1 1020

$189,900

14512845 7807 SE CRYSTAL SPRINGS

2

1.1 1388

$189,900

14240226 18330 SE YAMHILL ST

3

1.1

836

$199,000

14116651 12640 SE CORA ST

3

1.1 1152

$199,900

14219116 15726 SE FRANKLIN ST

3

1.1 1226

$199,900

14245322 4304 SE 16TH AVE

2

1

1626

$200,000

14158206 2222 SE 152ND AVE

3

2

1600

$214,900

14300027 6315 SE 71ST AVE

2

1

790

$215,000

14699787 11813 SE ANKENY ST

3

1

1584

$218,000

14247173 13739 SE CORA ST

3

2

1333

$225,000

14141137 7029 SE 44TH AVE

3

1.1

936

$249,900

14081089 16047 SE POWELL BLVD

2

1

2624

$250,000

14383958 210 SE 157TH AVE

5

2.1 3175

$254,900

14609617 14105 SE MITCHELL ST

4

2.1 2308

$259,900

14383320 7640 SE 103RD AVE

3

2

1991

$260,000

14305800 4446 SE CENTER ST

2

1

1274

$269,000

14439078 10321 SE SHERMAN ST

4

3

2846

$274,900

14109616 5116 SE KNAPP ST

2

2

1060

$279,000

14422977 4809 SE 66TH AVE

3

2

2168

$289,900

14672168 5827 SE WOODWARD ST

3

2

1196

$307,500

14225763 5823 SE 50TH AVE

3

1

1180

$308,000

14331074 3617 SE 11TH AVE

3

2.1 1456

$325,000

14665793 7930 SE 42ND AVE

2

1

1794

$329,900

14664434 8065 SE HAWTHORNE BLVD

3

2

2529

$330,000

14504182 4214 SE STARK ST

3

2

2102

$335,000

14363521 5005 SE STEELE ST

4

2.1 1678

$350,000

14240407 1910 SE 44TH AVE

4

1

2210

$415,000

14534347 2305 SE 60TH AVE

3

2.1 2784

$419,900

14371840 6506 SE 40TH AVE

4

2

2906

$429,000

14340872 1426 SE RURAL ST

3

2

2345

$459,900

14493952 2834 SE BROOKLYN ST

4

2

2220

$474,900

14310034 1635 SE CLINTON ST

3

1.1 2247

$475,000

14471428 715 SE PEACOCK LN

3

2

2608

$475,000

14553799 7204 SE 32ND AVE

4

2

2891

$475,000

14032454 6905 SE 22ND AVE

4

2

2810

$489,900

14210905 1414 SE LONG ST

6

3

3598

$499,950

14277351 1414 SE LONG ST

6

3

3598

$499,950

14662689 1826 SE 47TH AVE

3

3

2843

$569,000

14249218 3936 SE PINE ST

3

2

2492

$569,900

14258436 7536 SE 31ST AVE

4

2

3124

$599,000

14351072 3920 SE WOODSTOCK BLVD

4

2.1 2526

$624,900

14020848 2846 SE 47TH AVE

3

2.1 2897

$649,000

14679949 7532 SE 30TH AVE

3

2.1 2904

$689,000

14611333 1144 SE MILLER ST

4

3

2402

$749,000

14034745 14963 SE GRANT CT

2

1

956

$71,500

14517343 291 SE 162ND AVE #304

2

1

820

$99,900

14377509 4564 SW COMUS PL #8-G

2

2

1058

$130,000

erc m m o

eC

Us ixed

M

2311 E Burnside $880,000 • 2325 E Burnside $925,000 Charming mixed use commercial buildings. One has a small retail space currently leased as a coffee shop. Rare natural woodwork. 4.5 parking spaces per building. Amazing opportunity to own your piece of Portland! { PortlandHomesGuide.net }

&HOO celiajlyon333@gmail.com Licensed in the State of Oregon

*Getting Even With The Bankers and The Realtors , Continued from page 1 ÂŽ

7KHRO¡6ZLWFKD5RR When buying a new home, get fully approved with a specific lender as recommended by your family, friends or RealtorŽ. Then, ten days before closing, switch lenders in order to save an extra $50 on your Underwriting Fee. Deal of the Century: If you’re a buyer interested in taking advantage of the low prices that are available in today’s market, be sure to have your agent execute ten separate purchase and sales agreements on ten separate short-sale properties. Try to do this in less than ten days (one offer per day). RealtorsŽ love a good challenge. Full Price: If you’re a seller who is worried about getting full market value for your home, be sure to set the listing price artificially high so as to give you and your RealtorŽ plenty of room to negotiate. Then, when you get a somewhat

‘low-ball’ offer, demonstrate an unbridled level of disgust at the obscenely low offer. Buyers and the RealtorsÂŽ representing them love when a Seller plays ‘hard to get’. Bonus Tip: (This One is Used To Even The Score With (VFURZ2IĂ€FHUV  Bring an infant to your closing appointment at the escrow company. Even if you don’t currently have an infant in your possession, borrow one. They’re easy to find; check Craig’s List or maybe swing by the Fred Meyer in Battle Ground. Then, about a half hour before your appointment, feed the baby a healthy dose of Gerber’s version of PF Changs and Taco Bell. Nothing is cuter than

a baby’s bowel movement during the signing of your closing documents. Good luck with your endeavor. I’m rooting for you. (But please don’t mention my name).

m.e.

Matt Elerding grew up in Sitka, Alaska and attended the University of Portland and Notre Dame. He began his mortgage banking career with Chase Manhattan in DQGFXUUHQWO\VHUYHVDV7HDP0DQDJHU/RDQ2IĂ€FHU for The Elerding Team. He lives in Battle Ground with his wife, Heather and his two children, Gage and Abi. Contact Matt at Info@ElerdingTeam.com

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CONDOS

14065296 79 SE 176TH PL

3

2.1 1164

$139,900

14329503 2829 SE BELMONT ST #105

1

1

698

$172,600

14177830 5931 SE MILWAUKIE AVE #3

1

1

529

$174,900

14424054 728 SE 16TH AVE

2

1

712

$209,000

14464561 13496 SE STEELE ST

4

3.1 2032

$213,500

14457965 1507 SE 45TH AVE #305

1

2

1384

$349,900

14502203 2813 SE 16TH AVE

3

2.1 1418

$359,900

8

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Rubbish Works of Portland P: (503) 928-6894 E: portland@rubbishworks.com W: rubbishworks.com/portland

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Security National Mortgage Company P: (503) 964-2900 E: robin.weirich@snmc.com

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What Would a SOLD Sign Do For YOU?

Senior & Placement Referral Michele Fiasca

$GXOW3ODFHPHQW1HWZRUN

P: (503)659-2029 E: michele@adultplacementnetwork.com W: adultplacementnetwork.com

Oil Tank Decommissioning Don Francis, General Manager

Ecotech

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Buying or selling your home is an important choice, let Celia guide you through the process! Kathleen O'Donnell, Principal Broker

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Haulers With a Conscience.

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Portland's Painless Professional Plumber.

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P: (503) 641-3320 E: sales@cedarhousemedia.com W: cedarhousemedia.com

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Your Point of Contact in Clark County WA.

Daniela Sardo P: (503) 310-9127 E: daniela@dwellrealtypdx.com W: dwellrealtypdx.com

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Steve Gemmell

Chris Guinn and Mark Borgeson

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PDX Home Inspections

Windermere Real Estate/ Stellar Group

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Foundation/Seismic

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For Your Buying, Selling, and Property Management Needs.

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Includes your name, company name, two forms of contact information and company logo

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{ TIPS} Uses for Lemons Garbage Disposal Deodorizer Lemon (or orange) peels tossed regularly into the garbage disposal will keep the garbage disposal smelling fresh. Simmering Stove Top Scents Add lemon rinds to simmering water along with cloves, cinnamon sticks, and orange peels to make a delightful aroma AND humidify the air. $QW3URRI<RXU.LWFKHQ Scatter small slices of lemon peel along thresholds, windowsills, around door entrances, and near any cracks or holes where ants or pests may be entering. Ants do not like lemon and will not enter your home. Lemons are also effective against roaches and ÁHDV 0LFURZDYH&OHDQHU Add lemon rinds to a microwaveVDIHERZOÀOOHGKDOIZD\ZLWK water. Cook on high for 5 minutes, allowing the water to boil and the steam to condense inside. Carefully remove the hot bowl and wipe away the mess with a damp towel. Chrome Polish Cut through mineral deposits on chrome faucets and other tarnished chrome by rubbing with a squeezed lemon half, rinsing, DQGOLJKWO\EXIÀQJ with a soft cloth. onegoodthingbyjille.com

9


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HOUSES 14481400 9836 N EXETER AVE

2

1

748

$124,900

14296345 9906 N CLARENDON AVE

3

1

980

$169,900

14600838 9213 N ENDICOTT AVE

3

2.1 1624

$210,000

14672717 8514 N ENDICOTT AVE

2

1

850

$214,900

14005742 4826 N HUNT ST

3

1

1758

$219,900

13115821 6925 N POWERS ST

3

2

932

$220,000

14303615 3105 N WINCHELL ST

3

1

1442

$229,000

14260235 4018 N WILLIS BLVD

3

2.1 1503

$239,000

14376949 7305 N SAINT JOHNS AVE

2

1

800

$239,500

14540875 9432 N VAN HOUTEN AVE

3

2.1 1445

$249,900

14658272 4314 N WILLIS BLVD

3

2.5 1502

$249,900

14512197 7716 N GLOUCESTER AVE

3

1.1 1120

$259,900

14480148 9013 N TRUMBULL AVE

3

3

1926

$270,000

14445436 6815 N SMITH ST

3

2

1732

$285,000

14587498 7906 N FESSENDEN ST

4

1

2156

$285,000

14655640 8107 N VAN HOUTEN AVE

4

2

1776

$288,900

14294281 10015 N IRIS WAY

4

2.1 1899

$292,000

14132996 320 N RUSSET ST

3

2

2234

$299,000

14142150 8715 N DRUID

3

2.1 1636

$309,000

14423349 7233 N MCKENNA AVE

3

2

1600

$309,950

14582103 7665 N KERBY AVE

3

1

1864

$318,000

14390067 912 N WINCHELL ST

3

2.1 1462

$319,900

14408012 866 N FARRAGUT ST

3

2.1 1462

$319,900

14219975 5106 N LOMBARD ST

3

1.1 2188

$324,950

14407746 6345 N DEPAUW ST

4

2.1 2952

$339,000

14175330 9735 N PORTSMOUTH AVE

4

3

1791

$339,950

14541993 9743 N PORTSMOUTH AVE

4

3

1791

$339,950

14305960 7916 N WASHBURNE AVE

3

2

1950

$349,000

14573490 3623 N ALBINA AVE

3

1.1 1292

$349,900

14647711 5617 N DENVER AVE

3

1

2166

$349,950

14260285 2820 N EMERSON CT

4

1

2767

$365,000

14395770 537 N STAFFORD ST

3

1.1 3060

$379,900

14163831 2135 N SKIDMORE TER

3

2

2300

$399,000

14663401 6826 N MONTEITH AVE

3

2.1 1988

$417,000

14523086 7431 N WASHBURNE AVE

6

3

3120

$424,946

14386668 2609 N KILPATRICK ST

3

2.1 2262

$449,900

14601771 7730 N CRAWFORD ST

5

4

4196

$449,900

14331796 7141 N MONTANA AVE

5

3.1 2623

$480,000

14179716 6730 N KERBY AVE

10

5

3915

$524,000

14671083 3733 N BALDWIN ST

3

2.1 2507

$524,900

14677621 3451 N WILLAMETTE BLVD

4

2.1 3469

$535,000

14235833 8716 N SYRACUSE ST

3

3

2671

$549,000

14266920 2233 N HOLMAN ST

4

2.1 2248

$549,900

14531227 4427 N GANTENBEIN AVE

3

3

2335

$619,900

14101159 215 N LOTUS BEACH DR

3

2.1 2881

$699,500

14388288 101 N LOTUS BEACH DR

CONDOS 14519125 6752 N PITTSBURG AVE

1

1

571

$113,100

14468603 453 N HAYDEN BAY DR

1

1

608

$119,900

14343248 7232 N NEW YORK AVE #3

1

1

520

$125,000

14204542 11936 N JANTZEN BEACH AVE 2

1.1 1120

$141,900

14271802 438 N HAYDEN ISLAND DR #112

2

1.1 1184

$149,000

14295404 406 N HAYDEN ISLAND DR

2

1.1 1184

$149,000

14262240 269 N HAYDEN BAY DR

2

2

1023

$189,900

14570604 2525 N KILLINGSWORTH ST #105 2

1

862

$199,900

14054219 707 N HAYDEN ISLAND DR #401 2

2

2130

$379,000

14295308 527 N TOMAHAWK ISLAND DR #5 2

2.1 2027

$535,000

10

Practical Bathroom Storage Ideas

3DLQWHGVWHQFLOÁRRU

WHEN LIFE'S RULES CHANGE

U

ntil landing their dream jobs in San Francisco, Babs and Bob spent many years living and working around the country, able to tuck away a nest egg for their retirement home. As Bob worked the last few years, they vacationed on the Oregon Coast, dreaming of a calmer, more peaceful lifestyle. Their marriage hadn’t given them children, but they had one another and they relished every minute of their free time together. Drives back home from Oregon and the Washington coastline were circuitous spent exploring. Many trips they found themselves driving to the fertile Willamette Valley. The lushness of it all romanced them both. As time passed, the breadth of exploration grew smaller and smaller, finally targeting a lush patch of country 30 miles outside Vancouver Washington. There, the dream of finding the perfect property to build their retirement home took hold. While Bob was away on sales trips Babs researched the area, able to locate just the right spot. The thrill of planning a little homestead on this rural patch of heaven filled their evenings with pleasure. They pored over architect plans and began the happy task of creating their retirement dream home. Almost before the dust had settled from their last meanderings, Babs and Bob were creating their idyllic paradise.

allthingsrealestatepdx com

From under the brim of her sunhat, Babs tucked delicate plants along the driveway. Dripping glasses of iced tea quenched the two while laying out garden plots and building chicken coops. Restoring a classic car they’d admired then bought on a whim delighted them both. Evenings were spent in the living room marveling at animals foraging about the garden and listening to forest sounds. Winter passed as the rains came pelting down on the foliage outside. Bob tinkered away on the die cast cars he’d purchased on eBay while Babs sat beside him in the easy chair, stitching her latest quilt. The sound of the needle in and out of the fabric punctuated the companionable silence. Bob would polish the cars to brilliance, then place them ‘just so’ in the glass cabinets in his ‘man cave’, dusting the shelves every week. He was proud as the collection of miniature cars, boats and aeroplanes accumulated with the years. One spring evening, Babs noticed the shelves and model collection *Continued on page 11


baby boomers *Being Flexible When Life's Rules Change, Continued from page 10 were getting dusty. Not only that, Bob didnâ&#x20AC;&#x2122;t put on his galoshes to tromp into the garden as he always had. As the month deepened, so did her worry. She asked, he answered. The next day she made an appointment with the doctor. They awaited test results with as much grace as they could muster. Suddenly Babs found herself driving to and from the hospital daily to be with Bob as much as she could. Only a few short weeks later she drove herself home for the last time. Sadly Bob had passed away. Spring quietly slipped into summer. The house was still. The dust settled deeper. Babs found herself seeking solace at her small town library. Home seemed to close in on her, reminding her of her recent loss and how lonely she felt. One summer day she put on her sunhat and went to the historical society. Just there for a wander, she found herself at the volunteer desk, registering to volunteer. Overwhelmed by quiet at home, she knew she needed to be with people. A few weeks later she found herself typing â&#x20AC;&#x2DC;housemateâ&#x20AC;&#x2122; into her computer. Newly widowed, Babs attended one Meetup for sharing housing, then another. They were talking about downsizing. Ah hah! A little wisp of hope began to rise. She decided to host a Meetup in her home with the folks from Letâ&#x20AC;&#x2122;s Share Housing.

She talked about who her ideal housemate would be: a woman, age (55+) who enjoyed gardening, living outside a small town, ideally retired. If she was a quilter, all the better. Bookish would be great. Together theyâ&#x20AC;&#x2122;d tuck their feet up under quilts, over cups of steaming tea to discuss their latest read. That night felt like Christmas, thinking of how joy could one again return to her home. Babs went to bed full of hope. Then reality struck her the next day. The downstairs needed tending to. What about the nooks and crannies where life had piled up? The craft room, piled to the ceiling with jeweled fabric for quilting. What about dealing with all the stuff??? Set to purpose, Babs enlisted friends. They went through the house, room by room, creating space, cleaning off deck furniture, consolidating all the living that had spread around the house. The search began in earnest for a companion but evenings were long and responses were slow. â&#x20AC;&#x2DC;Itâ&#x20AC;&#x2122;s too far out for getting to my part-time jobâ&#x20AC;&#x2122;. â&#x20AC;&#x2DC;I donâ&#x20AC;&#x2122;t want to live in small townâ&#x20AC;&#x2122;. â&#x20AC;&#x153;I like dogs but I would be allergic to the cat.â&#x20AC;&#x2122; These were the responses Babs was receiving. Where was that retiree who was willing to sit in companionable silence, sipping tea and turning book pages? She enlisted the advice of the folks from Letâ&#x20AC;&#x2122;s Share Housing. â&#x20AC;&#x153;How about post-

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ing flyers, at places you frequentâ&#x20AC;&#x2122; we said. Within days after distributing them, she had a fistful of contacts and made arrangements to start interviewing. A few months later we checked in with Babs. Sheâ&#x20AC;&#x2122;d decided to share housing with a single mom with two children. The arrangement was for a month, to just see how things worked out. This was not exactly what Babs had had in mind when considering a housemate. A trial run was a good choice while sorting things out. Another month passed before we checked in with Babs again, wondering how things were going and if sheâ&#x20AC;&#x2122;d be interested in being interviewed by a local paper about her shared housing experience. Yes, sheâ&#x20AC;&#x2122;d be happy to be interviewed and confided that the first arrangement wasnâ&#x20AC;&#x2122;t what she had hoped for and they had parted ways. Babs update was, â&#x20AC;&#x153;Currently I have a 32 year old single mother with a 2 year old daughter living with me. She is struggling financially so we have found a creative solution to the rent issue. She has cleaned and painted the downstairs apartment and now she is handling eBay sales for me to help clear out my late husband's things. When she has a more stable job, we'll look into her paying rent. While this is mutually benefi-

cial arrangement, does it fit in with the Letâ&#x20AC;&#x2122;s Share Housingâ&#x20AC;&#x2122;s goals?â&#x20AC;? Our response? â&#x20AC;&#x153;You know what? We think that is brilliant you've found a housemate who fulfills your needs. The real goal is for you to have a situation that is suited to you. It isn't necessarily about the money. Mutually beneficial is good! The purpose is to create a balance that assures none of the participants feel taken advantage of. If this is indeed the case, KUDO's for finding a fit and fulfilling a variety of needs all at the same time. Fluidity and adaptation: You've certainly been a good example of that considering what your initial vision was for a perfect housemate.â&#x20AC;? For the time being, Babs has accomplished part of her goal: having someone in the house. They probably will all tromp around in the garden and the dust will get cleared off the shelves. Babs is engaged in life, finding joy again. Even though the situation isnâ&#x20AC;&#x2122;t exactly what she was hoping for, it seems to be a good match for the three of them. Hereâ&#x20AC;&#x2122;s to creating â&#x20AC;&#x2DC;homeâ&#x20AC;&#x2122; through shared housing!

Want to attend a Meetup? Visit ZZZPHHWXSFRP/HWV6KDUH+RXVLQJ For more information visit ZZZOHWVVKDUHKRXVLQJFRP or contact zoe@letssharehousing.com for upcoming session information.

oregon coast

St

5620 NW Jetty Ave Lincoln City, OR

$489,000

MANZANITA: Beautifully designed by Street of Dreams builder, this four bedroom, 2.5 bath home will welcome you in with the soft tones of natural wood and stone. Large upstairs loft adds to WKHYHUVDWLOLW\RIWKHĂ RRUSODQZKLFK includes a master suite on the main Ă RRU-XVWRQHEORFNWRWKHEHDFK and the heart of Manzanita village.

LINCOLN CITY: Outstanding details in this must see home! Total renovation that has been featured in 3 publications. Charming home located in the desirable NW area, within 1 block of beach access. Gourmet kitchen with stainless appliances and attached 2 car garage on a double lot that offers outdoor entertaining areas.

4 bdrm â&#x20AC;˘ 2.1 bth â&#x20AC;˘ 2661 sq ft RMLS# 13578304 Farzahn Kamali, AIA, JKamali Sotheby's ,QWHUQDWLRQDO5HDOW\

3 bdrm â&#x20AC;˘ 2 bth â&#x20AC;˘ 1980 sq ft Amy Graham Prudential Taylor & Taylor Realty Co. 

OREGON COAST LIGHTHOUSES HECETA HEAD: Because it is so easy to pull over and see the postcard perfect view of Heceta Head with the lighthouse, assistant keepers house, and nearby offshore rocks, this scene has made Heceta Head the most photographed OLJKWKRXVHRQWKH3DFLĂ&#x20AC;F&RDVW

YAQUINA BAY: On the southern end of Newport, just north of the Yaquina Bay Bridge, stands a lighthouse that is unique in several respects to any other Oregon lighthouse. After being built in 1871, it was decommissioned in 1874, giving it the distinction of having the shortest duration of active duty when it was originally built of any lighthouse on the coast. YAQUINA HEAD: This is the second lighthouse built in the Newport area and at 93 feet high, itâ&#x20AC;&#x2122;s the tallest lighthouse on the Oregon Coast. The lighthouse is part of the Yaquina Head Outstanding Natural Area and is managed by the Bureau of Land Management (BLM).

4 bdrm â&#x20AC;˘ 3 bth â&#x20AC;˘ 1778 sq ft VIEW!CH! EA EAN ML# 14425219 19 OC SE TO B CLO

35020 Rueppell Ave 3DFLĂ&#x20AC;F&LW\25

$229,000

2 bdrm â&#x20AC;˘ 2 bth â&#x20AC;˘ 1230 sq ft RONT! CH! EA ERF RIV E TO B ML# 13540733 33 S CLO

7HUUDFH9LHZ5G

34345 Sandpiper Dr

3DFLĂ&#x20AC;F&LW\25

3DFLĂ&#x20AC;F&LW\25

$459,000

4 bdrm â&#x20AC;˘ 3 bth â&#x20AC;˘ 2675 sq ft WS! CH! VIE O BEA ML# 14616909 09 SE T CLO

$345,000

3 bdrm â&#x20AC;˘ 2 bth â&#x20AC;˘ 1422 sq ft PDATESS! ! U CES C ENT ML# 13072422 22 REC CH A BEA

Pollock Ave 3DFLĂ&#x20AC;F&LW\25

$325,000

Janis Holmes, Principal Broker Rob Trost Real Estate, PC .57 acres ML# 11123617 17

NT! FRO EAN RE! OC1/2 AC

 Mobile | Janis@RobTrost.com ZZZ3ODFHV$W7KH%HDFKFRP  ZZZ5RE7URVW3&FRP

Come to the Beach! Now is a Great Time to Buy!

For more information on all lighthouses: coastvisitor.com

allthingsrealestatepdx com

11


southwest ML#

Address

Bdr Bth

SF

Price

HOUSES 14176814 8315 SW TERWILLIGER BLVD

1

1

730

$229,900

14349592 5108 SW VERMONT ST

3

2

1392

$255,000

14503097 10952 SW 61ST AVE

3

2

1200

$255,500

14499924 8547 SW 10TH AVE

2

1

884

$275,000

14585971 10935 SW 63RD AVE

3

2

1610

$289,900

14197474 3624 SW NEVADA ST

3

2

1564

$319,000

14134779 6143 SW 45TH AVE

2

1

1520

$319,900

14520424 12445 SW FAIRCREST ST

3

1

1203

$319,900

14180054 8845 SW WHITE PINE LN

3

2

1774

$324,900

14458690 5601 SW NEBRASKA ST

2

1

1351

$324,900

14272764 6475 SW CAPITOL HWY

6

3

3013

$325,000

14144944 8020 SW 61ST AVE

3

2

1560

$329,000

14145019 10215 SW 37TH AVE

3

2

1700

$339,900

14479173 2509 SW ABIGAIL CT

5

2.1 1988

$350,000

14050345 12721 SW LESSER RD

4

2.1 1818

$354,900

14015138 9942 SW 52ND AVE

4

2

1933

$368,236

14379087 7450 SW 17TH DR

2

2.1 2195

$379,500

14494282 4005 SW VERMONT ST

3

3

$395,000

14639839 6045 SW TAYLORS FERRY RD

4

2.1 2650

$399,900

14038783 2843 SW PLUM CT

3

3.1 3576

$415,000

14477187 0225 SW HAMILTON ST

4

2.1 2102

$425,000

14338328 7836 SW TERWILLIGER BLVD

5

2.3 2685

$427,500

14204836 3906 SW TROY ST

4

2.1 2700

$445,000

14246347 10830 SW 61ST AVE

4

2.1 2500

$460,000

14073365 4812 SW ARNOLD ST

3

2.1 1976

$467,500

2347

14092090 6232 SW BRUGGER ST

3

3

2923

$480,000

14245995 5605 SW 90TH AVE

4

2

2309

$500,800

14568354 5555 SW BOUNDARY ST

6

3

3268

$524,900

14610985 1930 SW PARKWOOD DR

5

3

3054

$524,900

14155122 6100 SW CANBY ST

3

2

1680

$525,000

14038761 3501 SW ILLINOIS ST

5

3.1 3055

$535,000

14061458 12708 SW 60TH CT

4

2.1 3204

$543,950

14508417 9325 SW PANORAMA PL

4

4

4838

$549,000

14608806 3703 SW 91ST AVE

4

2.1 2975

$549,900

14352253 1855 SW WARWICK AVE

5

3

3472

$574,900

14131954 7450 SW CANYON RD

3

2

2724

$599,000

14537682 1233 SW 57TH AVE

3

2.1 2816

$599,900

14481880 8200 SW BROOKRIDGE ST

3

3

2276

$625,000

14574995 3575 SW HILLSIDE DR

4

3

3280

$628,500 $635,000

14699296 2200 SW SCENIC DR

5

2.1 2634

14164853 5734 SW DOWNS VIEW CT

4

3

2982

$637,000

14648056 8267 SW 47TH AVE

4

3

3406

$675,000

14671175 4523 SW 40TH PL

4

2.1 3986

$725,000

14686582 7155 SW WESTGATE WAY

4

2.1 2996

$725,000

14248050 6765 SW PRESLYNN DR

4

3.1 4618

$769,000

14523548 4014 SW PATTON RD

6

3.1 4908

$845,900

14300514 3737 SW SWEETBRIAR DR

3

2.1 3362

$849,000

14042762 6680 SW RALEIGHVIEW CT

4

4

4037

$849,250

14515977 6783 SW SEAN MICHAEL PL

3

3.1 3856

$879,000

14193401 5343 SW BANCROFT ST

5

3.2 4545

$895,000

14367810 3710 SW SCHOLLS FERRY RD

4

4.1 5284

$899,000

14517758 4970 SW HEWETT BLVD

6

5.1 6344

$899,000

14034225 9753 SW MORRISON ST

5

3.1 4265

$945,000

14561740 4632 SW 18TH PL

4

3.1 3912

$949,000

14371661 5420 SW WESTWOOD VW DR 4

3.2 5435

$949,900

13373646 5472 SW CHAMPION PL

3

2.1 3245

$965,000

14679306 4426 SW HAMILTON TER

4

3.1 4386

$975,000

14198819 7260 SW WESTGATE WAY

4

3.1 4401

$999,000

14145625 1208 SW HESSLER DR

3

3.1 3135

$1,050,000

13617533 1733 SW RIVERDALE RD

4

4

4009

$1,068,000

14103907 7375 SW NORTHVALE WAY

5

4

3940

$1,075,000

14324637 721 SW 68TH TER

4

3.2 4226

$1,150,000

14075114 3131 SW FAIRMOUNT BLVD

4

3.1 4543

$1,350,000

14535522 4019 SW DOWNS VIEW CT

4

4.2 4280

$1,375,000

14303287 12525 SW EDGECLIFF RD

4

3.1 3934

$1,575,000

13648664 7045 SW NEWTON PL

4

3.1 5143

$1,695,000

14346706 1520 SW MARY FAILING DR

5

4.2 6814

$1,849,000

14398762 1396 SW MILITARY RD

5

5.1 6768

$2,695,000

2

2

CONDOS 14367322 6566 SW TERRI CT #14

952

$134,999

14241783 3701 SW CONDOR AVE A1

1

1

675

$149,900

14289338 1015 SW BERTHA BLVD

2

1

901

$154,950

14161231 1500 SW SKYLINE BLVD #16

2

2

1150

$159,900

14319433 4926 SW CORBETT AVE #205

2

2

1049

$179,900

14576595 9174 SW WILSHIRE ST

2

2

1318

$215,000

14008708 3601 SW RIVER PKWY #317

1

1

1065

$289,900

14001496 5170 SW LANDING DR #203

2

2

1003

$299,900

13503456 0836 SW CURRY ST #1606

1

1

982

$394,500

14176190 603 SW RUSTICA TER

3

2.1 2117

$450,000

14296800 3570 SW RIVER PKWY #2405

2

2

$899,000

1723

14167357 0839 SW PENNOYER ST

2

3.1 2275

$899,900

14463494 3601 SW RIVER PKWY #2803

2

2.1 2699

$1,175,000

12

Let's Talk Rubbish: A Kickstart Opportunity

Wondering KRZ\RXFDQPDNHWKH PRVWRIWKLVĂ&#x20AC;FNOHZHDWKHU" March Madness and Day Light Savings Time â&#x20AC;&#x201C; two sure signals the end of winter is near and spring are on its way! Here in Oregon we get excited this time of year at the reality that warmer temperatures and dryer weather is around the corner. While we get anxious to tackle spring cleaning and home improvement projects that weâ&#x20AC;&#x2122;ve been putting off until the weather improves, March often reminds us it is a month of seasonal transition. However, even with its "in like a lion, out like a lamb" nature where it starts out with cold, unpleasant weather, but ends mild and pleasant, there are still many activities that can be done indoors to get a jump on spring cleaning and home maintenance. To get off to a great start to the season, gain focus by making a plan, enlisting some help, commit to downsizing and reorganizing,

p plan to de-clutter first, and then clean with purpose!

â&#x20AC;˘ Unsubscribe to junk mail and extra phone books

T Top 10 March Primers tto Kickstart Spring â&#x20AC;˘ Clean out the freezer and refrigerator

Use this month to your advantage! Starting early and spacing out the cleaning and maintenance projects to get your home ready for spring will ensure youâ&#x20AC;&#x2122;ll have the time to enjoy the warmer weather when it arrives.

â&#x20AC;˘ Dispose of expired items i in the medicine cabinet â&#x20AC;˘ Wash inside and outside of windows

Cheers to a great season ahead,

â&#x20AC;˘ Wipe down walls and woodwork

~Betty

â&#x20AC;˘ Dust the tops of tall objects (refrigerators, cupboards, entertainment centers) â&#x20AC;˘ Move interior furniture and do a thorough job vacuuming â&#x20AC;˘ Vacuum walls in the corners where walls meet the ceiling (cobwebs) â&#x20AC;˘ Wipe off lighting Ă&#x20AC;[WXUHVDQGUHSODFH any burned out bulbs â&#x20AC;˘ Change the batteries in smoke detectors, test smoke DODUPVFKHFNĂ&#x20AC;UH extinguishers and replenish emergency kits

Betty Benson, Rubbish Works of Portland

If you need help getting rid of your Donate or Discard items, just let us know! Schedule your pickup at ZZZUXEELVKZRUNVFRPSRUWODQG or call 

â&#x20AC;&#x153;Our Business Is Picking Up!â&#x20AC;? www.rubbishworks.com/portland

PORTLAND

area

FESTIVALS & SPECIAL EVENTS

March 1 - 31 Portland Dining Month Various Locations | Portland downtownportland.org/dining-month

Begins March 1 Portland Saturday Market Season Waterfront Park & Ankeny Plaza Portland portlandsaturdaymarket.com

March 16 Shamrock Run Waterfont Park| Portland shamrockrunportland.com

Through March 21 %UHZYDQD2OG6FKRRO Tours Various Locations | Portland experiencebrewvana.org

allthingsrealestatepdx com

Through March 22 %HKLQGWKH6FHQHV7RXUV at Pittock Mansion Pittock Mansion| Portland pittockmansion.org

Through March 31 Epicurean Excursion Walking Tour The Heathman Hotel| Portland portlandwalkingtours.com

March 28 - May 4 Wooden Shoe Tulip Festival 33814 S Meridian Rd| Woodburn woodenshoe.com/tulip-fest

Through June 30 Amazing Scavenger Hunt Adventure Pioneer Courthouse Square Portland urbanadventurequest.com


know your style The year is 1910. Imagine walking along a picturesque street populated by cozy cottages with welcoming front porches under leafy trees, and youâ&#x20AC;&#x2122;ll have a good idea of Bungalow style. Though sometimes considered interchangeable with Craftsman architecture, a Bungalow actually refers to any modestly sized, one- or one-and-a-half story home with a low-pitched roof consisting of one or more gables. This template may bear the traces of any architectural style from Spanish Colonial to Swiss Chalet, NeoclasVLFDO WR 3UDLULH GHSHQGLQJ RQ UHJLRQDO LQĂ XHQFHV *URXQGHG LQ WKH SKLORVRSK\ RI simple practicality, Bungalow house plans were popularized by mail-order catalogs during a time when affordability was key. %XQJDORZ Ă RRU SODQV RIIHU OLJKWGUHQFKHG LQWHULRUV DQG RSHQ Ă RRU SODQV ZLWK IHZ hallways. The emphasis is on convenience and casual living. Whether youâ&#x20AC;&#x2122;re looking IRUDVWDUWHUKRPHRUDQHPSW\QHVWWRPDNH\RXURZQ\RX¡UHVXUHWRĂ&#x20AC;QGWKHULJKW sized home in our collection of Bungalow home plans.

5N

766

by Ker

Ave

th E 74

Ave

8N

421

E

30 N

108

Distinguishing Features: â&#x20AC;˘ Modestly sized â&#x20AC;˘ 1 to 1.5 stories Â&#x2021;/RZSLWFKHGURRI Â&#x2021;2SHQĂ RRUSODQV

www.dreamhomesource.com

t

nt S

a Wyg

Your Listing Here!

NEW ON MARKET! This North Portland Bungalow offers wood Ă RRUVRQPDLQXSGDWHGZLQGRZV DQGDQHZO\UHPRGHOHGĂ&#x20AC;QLVKHG basement with complete electrical work and permitted for a bathroom. Spacious utility room with sink, new furnace, updated landscaping and new front porch, plus a fenced backyard with covered patio.

Charming 1927 Bungalow has a new beautiful kitchen with granite countertops, custom cabinets, tile Ă RRUDQGVWDLQOHVVVWHHODSSOLDQFHV Remodeled bath, all new paint, new wooden blinds, new roof, and QHZFDUSHWXSVWDLUVSOXVĂ&#x20AC;UHSODFH hardwoods, and full basement. Enjoy a secluded fenced backyard with patio in a quiet neighborhood.

This updated Bungalow has a newer roof, gas forced air furnace, and amazing detached garage with shop area on a large lot. A phenomenal location on a bus line, it includes an updated bathroom, bedroom, kitchen, den/sun room and formal living on main. Basement features second bedroom, tons of storage, family and utility rooms.

3 bdrm â&#x20AC;˘ 1 bth â&#x20AC;˘ 1864 sq ft RMLS# 14582103 Doug Bergmann, John L. Scott Real (VWDWH

3 bdrm â&#x20AC;˘ 1 bth â&#x20AC;˘ 2270 sq ft RMLS# 14668530 Jean Blatner, Mt Tabor Realty 

2 bdrm â&#x20AC;˘ 1 bth â&#x20AC;˘ 1692 sq ft RMLS# 14261832 Bryn Lindekugel, Suntree Inc., Realtors 

5

:KHUH,V7KH+RPH&RQVWUXFWLRQ5HFRYHU\" While home prices have recovered strongly, new construction activity hasnâ&#x20AC;&#x2122;t. Part of this may have to do with the fact that home prices are still too low to justify construction, particularly given land, labor, and materials costs. For smaller builders, credit may also be harder to come by. Some economists say new-home demand could remain muted because many move-up buyers donâ&#x20AC;&#x2122;t have enough equity to â&#x20AC;&#x153;trade upâ&#x20AC;? to that new home. Key issues to watch here: What happens to household formation, and do builders begin to throttle back price gains in favor of selling more homes in 2014?

THINGS TO WATCH IN HOUSING 2014

For housing, it was a tale of two halves in 2013. During the first half, unusually low supplies of homes and low rates spurred bidding wars, pushing prices up sharply. During the second half, the frenzy cooled amid a sudden spike in interest rates. While more markets are now reporting increases in inventory, the number of homes for sale remains quite low. The bull case for 2014 goes something like this: those low inventories will support rising prices. Below-average levels of household formation, the argument goes, must ultimately pick up, boosting construction. Mortgage rates, while higher, are still historically low. Credit standards will stop getting tighter, and might loosen as home prices rise. Finally, mortgage delinquencies are dropping. While some states still have elevated foreclosure inventories, the worst of the distressed-housing problem is in the rearview mirror. The bear case, meanwhile, says that the recovery is a mirage built on the back of the Federal Reserveâ&#x20AC;&#x2122;s stimulus that has done little more than inflate asset values, including home prices. Record low interest rates, the argument goes, unleashed demand from both borrowers and all-cash investors seeking returns on somethingâ&#x20AC;&#x201D;anythingâ&#x20AC;&#x201D;with a decent return. These investors built large

For details, please call Jan at 971-227-3722

rental-home companies that remain untested at scale. How can first-time buyers take the baton from investors at a time when prices are up almost 20% in two years and when interest rates are rising? Other problems loom: Mortgage rates could jump, choking off housing demand and curbing new construction that remains mired at 50-year lows. Investors could unload their homes if the rental-home thing doesnâ&#x20AC;&#x2122;t pan out. And donâ&#x20AC;&#x2122;t look for much help from mortgage lenders that face a cocktail of new regulations, which could keep credit standards stiff. So which view will carry the year? Here are five wild cards to watch this year: :LOO,QYHQWRU\5LVH" Prices have risen largely because of shortages of homes for sale. While there is growing evidence that inventories hit bottom last year and that some markets are moving back in favor of buyers, the number of homes for sale remains relatively tight still. Foreclosure-related listings have plunged, and traditional buyers havenâ&#x20AC;&#x2122;t flocked to list homesâ&#x20AC;&#x201D;at least not yet. New construction, meanwhile, wonâ&#x20AC;&#x2122;t be back to normal historical levels for years. The consensus view is that price growth continues at a somewhat slower pace, but that consensus view could be wrongâ&#x20AC;&#x201D;for the third year in a rowâ&#x20AC;&#x201D;if there arenâ&#x20AC;&#x2122;t more homes for sale.

:KDW+DSSHQV7R0RUWJDJH&UHGLW" Lenders could begin to ease certain â&#x20AC;&#x153;overlaysâ&#x20AC;?â&#x20AC;&#x201D;or additional credit and documentation checksâ&#x20AC;&#x201D;that have been imposed over the past few years. Mortgage insurance companies are getting more comfortable insuring loans with down payments of just 5%. So donâ&#x20AC;&#x2122;t be surprised if, at the margins, it gets a little easier to get a mortgageâ&#x20AC;&#x201D;especially if you have lots of money in the bank. Even if it gets easier to get a loanâ&#x20AC;&#x201D;by no means a givenâ&#x20AC;&#x201D;borrowing costs and fees could rise. Banks also face new mortgage regulations that could keep most of them cautious. Borrowers with more volatile or harder-to-document incomes, including the self-employed or those who make a lot of money on commissions, bonuses, or tips, could continue to face tough sledding. :KDW:LOO,QYHVWRUV'R:LWK7KHLU+RPHV" A handful of institutional investors have purchased tens of thousands of homes that are being rented out. These homes tend to be concentrated in a few of the regions that have been hardest-hit by foreclosures over the past five years. Investor purchases played key roles in stabilizing prices, especially because investors were wolfing up homes at a time when supplies were already dwindling. A key question now is what happens after the initial rush to invest subsides. More lenders and investors are extending debt financing to some of these property owners, which should help boost returns. Can owners perfect the expense management associated with maintaining and leasing tens of thousands of individual homes? :KHQ'RHV+RXVLQJ+LWD7LSSLQJ3RLQWRQ$IIRUGDELOLW\" Rising home prices are a double-edged sword, especially in pricier coastal markets such as San Francisco and Los Angeles. On the one hand, rising prices are giving many homeowners equity in their homes againâ&#x20AC;&#x201D;an extremely positive development to the extent it means these borrowers are less at risk of foreclosure. But price inflation is making housing less affordable. This will be a bigger problem if cash buyers retreat from the market in 2014 and/or if interest rates rise in a meaningful way. Consider: In Los Angeles, prices have jumped by nearly 30% in the past two years, to a median of $448,900 in the third quarter. Assuming a 20% down payment, the monthly payment of principal and interest on the median priced home has jumped from $1,255 in the third quarter of 2011 to $1,823 in 2013â&#x20AC;&#x201D;a 45% increase.

allthingsrealestatepdx com

Nick Timiraos, EORJVZVMFRP

13


KRXVHVZLWKRXWGRRUĂ&#x20AC;UHSODFHV ML#

Address

Bdr Bth

SF

Price

14480148 9013 N TRUMBULL AVE

3

3

1926

$270,000

14194088 9130 NE SCHUYLER ST

3

2

2286

$309,000

14643474 3832 SE WOODSTOCK BLVD

9

3

4986

$399,900

14534347 2305 SE 60TH AVE

3

2.1 2784

$419,900

13184534 3011 SE CLINTON ST

3

3.1 2721

$759,900

13352964 2624 SE 30TH AVE

3

3.1 2803

$759,900

13435597 1733 SE 40TH AVE

4

5.1 4609

$1,600,000

14366740 36230 DUBARKO RD

4

2.1 1993

$274,775

14521585 2021 SW 24TH ST

3

2.1 1948

$318,900

14114042 16796 SE ROYER RD

4

2

2800

$679,200

12180405 16323 SE RIVER FOREST PL

3

2

2106

$699,000

13045381 10801 SE SCOTTS SUMMIT CT

4

3.2 5708

$1,275,000

12407332 14999 SE RIVER FOREST DR

4

4.2 6014

$1,743,000

13693705 660 NE 20TH AVE

3

2.1 3534

$299,000

13201127 20912 S VISTA MONTANA LN

3

2.1 3213

$489,000

13360981 19328 S FISCHERS MILL RD

3

2.2 3350

$659,000

13030128 26431 S BARLOW RD

3

2.1 3160

$750,000

13355214 15280 S HOWARDS MILL RD

4

3.1 6637

$799,000

14267562 21733 S HIGHWAY 99E

3

2.1 2650

$825,000

14311646 20020 S ATHENS DR

4

4

4718

$848,800

12692004 32940 S WRIGHT RD

1

1

702

$899,000

13533017 16941 S CLACKAMAS RIVER DR 5

4.2 6175

$1,000,000

13495804 18214 S GRASLE RD

4

3.2 7229

$1,800,000

13358655 13882 S MUELLER RD

4

5.2 8675

$2,500,000

14126315 2664 OXFORD ST

4

2.1 2360

$419,500

14182239 5101 SW DAWN AVE

5

3

Barbara S Davidson, Mortgage Banker T: 503-319-4159 barbara.sue.davidson@chase.com NMLS ID: 668385

Networking "Fun" Day ANNUAL CASINO TRIP Greater Portland Area Chapter

Wednesday, April 2, 2014: 8:30am-5pm Spirit Mountain - Grand Ronde

2700

$574,000

)HDWXULQJD&UHGLW+RXUFODVVZLWK.ULVV3DUQHOORI+RPH6WUHHW%DQN HHW%DQN

13526043 1944 PALISADES TERRACE DR 4

2.1 4256

$839,000

14544072 19463 LORNA LN

4

3.1 4055

$899,800

FANNIE MAE HOMESTYLE RENOVATION ON

14497125 3727 UPPER DR

3

3.1 4731

$1,000,000

13417880 18400 NIXON AVE

4

3

3624

$1,249,000

13694952 17342 RIDGEVIEW CT

4

3.1 4240

$1,250,000

13114753 2140 WINDHAM OAKS CT

4

3.1 6282

$1,290,000

14336526 17442 RIDGEVIEW LN

4

3.2 5036

$1,375,000

13573566 25610 SW MOUNTAIN RD

6

3.1 5251

$1,385,000

14686520 13888 GOODALL RD

4

3.1 4435

$1,399,995

14393310 163 IRON MOUNTAIN BLVD

4

3.1 4314

$1,429,000

13674108 931 ATWATER RD

4

4.1 4764

$1,529,900

13033062 13648 GOODALL RD LOT 1

4

4.1 5206

$1,549,000

14316578 18218 MEADOWLARK LN

5

6.1 8320

$1,695,000

14493275 14050 GOODALL RD

5

4.2 6834

$1,699,000 $1,795,000

13062392 2550 LORINDA CT

5

4.1 7540

13588179 2675 GLEN EAGLES RD

5

5

5609

$1,895,000

14453758 2125 WINDHAM OAKS CT

5

3.3 6713

$1,949,000

13205943 3730 MARQUIS CT

4

5.1 6039

$1,990,000

14665894 1870 TWIN POINTS RD

5

4

4480

$2,399,000

13028965 1193 FAIRWAY RD

5

4.2 7028

$3,195,000

13552995 2493 SOUTH SHORE BLVD

5

4.1 7112

$3,495,000

13407001 2625 LORINDA LN

3

4.1 8260

$3,500,000

13591683 2098 CREST DR

4

5.1 7847

$3,795,000

14329219 1780 RIDGECREST DR

4

5.1 5999

$3,895,000

14579855 1500 NORTHSHORE RD

5

6.3 13462

$10,500,000

13126617 10648 SW 41ST AVE

4

3

3926

$550,000

14004652 8836 SW BIRCHWOOD RD

4

3

3555

$665,000

13177398 14308 NW DUNBAR LN

4

2.1 3270

$670,000

13086050 8635 NW SAVOY LN

4

3.1 3935

$929,000

13373646 5472 SW CHAMPION PL

3

2.1 3245

$965,000

14495430 11385 SW BREYMAN AVE

6

4.1 5771

$1,050,000

13110039 732 SW CASTLE RIDGE LN

4

3.1 4759

$1,170,000

13308216 9746 NW SUNRISE LN

5

4.1 6261

$1,500,000

14345744 11609 SW MILITARY RD

4

4.1 4458

$1,575,000

13648664 7045 SW NEWTON PL

4

3.1 5143

$1,695,000

13232498 12457 SW EDGECLIFF RD

5

5.1 5737

$1,975,000

14654005 3523 SW 64TH PL

4

5.1 7257

$2,195,000

14398762 1396 SW MILITARY RD

5

5.1 6768

$2,695,000

13210734 2111 SW 21ST AVE

6

4.3 8683

$3,375,000

12592394 12115 SW BREYMAN AVE

5

4.2 6954

$3,450,000

14569761 14633 NW ROCK CREEK RD

3

2.1 4200

$1,150,000 $2,500,000

13125857 23414 NW MORELAND RD

4

4.2 10236

13044486 4825 SW 141ST AVE

2

1

14667427 8347 SW HAYDEN DR

4

2.1 3373

$475,000

13649412 24929 NE BUTTEVILLE RD

5

4

$899,900

1176 3765

$255,500

14195711 14104 SW 155TH TER

4

3.1 4006

$995,000

14303202 14979 SW JULIET TER

5

5.1 6585

$1,290,000

13084711 22275 SW BAR NONE RD

6

6.2 6801

$1,495,000

13407879 15751 SW PLEASANT HILL RD

5

6.1 14000

$2,949,000

12380246 148 SE 7TH AVE

5

2

14164250 2819 BUXTON ST

4

2.1 1884

$250,000

13089426 25955 SW RAINBOW LN

2

2

1098

$287,400

14370710 1982 SE OAK CREST DR

3

2.1 2843

$310,000

14043508 2230 D ST

5

4

$322,950

13660983 9036 NW GALES CREEK RD

3

1.1 1716

$750,000

13168976 21310 SW WILDFLOWER DR

4

3.2 5778

$1,650,000

14

3186

3200

$235,000

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OU THANK Y U TO O R RS SPONSO

im's KPROPERTY TALK: Are You a Competent RealtorÂŽ in all of <RXU5HDO(VWDWH7UDQVDFWLRQV" Article 11 of the National Association of Realtorâ&#x20AC;&#x2122;s Code of Ethics and Standard of Practice 11-2 states that RealtorsÂŽ shall provide a reasonable level of competence in the specific real estate discipline in which they engage that is required to protect the rights and interests of their clients, given the complexity of the transaction and the availability of expert assistance. Therefore, this means that RealtorsÂŽ should be capable and skilled in every transaction, and if additional counsel is needed for the RealtorÂŽ to be competent in a specific transaction, the RealtorÂŽ should seek such expert assistance. Since real estate transactions are quite varied, the Code of Ethics warns that acting outside your area of competence or expertise is an ethics violation. If a RealtorÂŽ is inexperienced or lacks the needed knowledge about certain real estate transactions, a RealtorÂŽ should not offer their services unless he or she consults or partners with another RealtorÂŽ who is proficient and competent in that area. Not only is the RealtorÂŽ subject to a possible ethics violation, but the lack of knowledge could cause great harm to the Realtorâ&#x20AC;&#x2122;s client, subjecting the RealtorÂŽ to legal liability.

allthingsrealestatepdx com

New construction sales differ from resales, condominium sales differ from single-family detached home sales, properties in PUDâ&#x20AC;&#x2122;s differ from country estate sales and REO sales differ from short sales. I know a broker who has never represented a buyer nor seller in a short sale transaction. It is outside his area of expertise, so he refers his short sale clients to a broker experienced in short sales. That same broker, however, has a vast amount of knowledge about country estates and vacant land sales, so other brokers consult him when involved with those types of transactions. *Continued on page 16


realtors

the future of

Real Estate Auctions

I’m Steve. Welcome to my column on what’s happening with real estate in the auction world! Selling real estate by auction is fast becoming the way to go, both in residential and commercial sales. More commonly associated with foreclosures but increasingly popular in luxury real estate and properties in high-demand areas; auction sale prices often exceed those originally listed.

real estate auctions, the seller usually sets a minimum price, known as a seller’s reserve. It gives the homeowner the security of knowing that if the bidding doesn’t reach the price he set, the property won’t be sold. So next time you’re looking to buy or sell, know your options and take advantage of a purchase or sale by auction!

Auctions give sellers the benefit of setting their own terms and specifying the date that they want the property sold; with the bonus of prequalified bidders. Similarly, buyers have the benefit of knowing that they’re on an even playing field as other buyers. Prospective buyers also have the piece of mind that they’re buying a property at fair market value; since the buyers set the purchase price Steve Dorsey themselves through competitive srdorsey auctioneering bidding. Taylor Group Realty, Licensed Broker A common misconception about auctions is anything can be sold 503.706.3274 • www.srdorsey.com at any price to the highest bidder. twitter.com/srdorseyauction This is known as a no-reserve sale. facebook.com/srdorseyauction That is not always the case. With

Working With a MASTERS CIRCLE

Choosing your real estate broker is your first important decision. Your broker should be a Realtor®. As a member of the National Association of Realtor®, your broker subscribes to the highest standards of business ethics and practices. Your Realtor® should also be a member of the PMAR Masters Circle. The Masters Circle is a benchmark organization formed to recognize Realtors® distinguished by their sales accomplishments and dedicated to the highest degree of professional quality service. Membership is earned by Realtors® who annually demonstrate outstanding achievements in the listing and selling of property. For most people, buying real property is their largest single investment. You benefit from working with a Realtor® who has an established record of success. MAKING A DIFFERENCE: Sales achievement is just one mark of excel-

lence. Members seek to build and strengthen the relationships between the real estate industry and the communities they serve. The PMAR Masters Circle makes annual contributions to non-profit organizations committed to serving the greater Portland area. YOU HOLD THE KEY: When the time is right to consider your first or your next real estate transaction, remember your goal is to buy or sell real estate. However, your objective should be to maximize the enjoyment and the financial benefit of the entire transaction by working with a proven professional. 7KHFKRLFHLV\RXUV³FKRRVHZLVHO\

Advocacy—Professionalism—Community

Find a PMAR Masters Circle broker to work with atZZZSPDUPFFRP

The East Metro Association of REALTORS® Foundation takes great pleasure in being able to award a scholarship to an EMAR Member's child or grandchild. We recognize that our youth of today are our future and we take pride in being able to offer this scholarship in the amount of $1500.00. The EMAR Foundation Family Scholarship is open to the children and grandchildren of ALL Current EMAR Members.

EMAR FOUNDATION FAMILY SCHOLARSHIP

For an Application and requirements for the EMAR Foundation Family Scholarship, visit emaroregon.com. Deadline to apply is close of business on Monday, April 28, 2014. We look forward to receiving your application!

allthingsrealestatepdx com

15


*Are You a Competent Realtor® in all of Your Real Estate Transactions? Continued from page 14

GARAGE SALE

WORD SEARCH

Prospective buyers and sellers should ask their Realtor® if he or she is experienced in the type of property the buyer is desiring to purchase or the seller is seeking to offer for sale. If a property contains a well, a shared sewer line, a septic tank or a cesspool, the buyers’ and sellers’ duties and inspections are much different than if the property is connected to public water and sewer systems. Last year, I represented a buyer in the purchase of a manufactured home on acreage that contained a well and a septic system. Not only was the listing broker unaware that the manufactured home had not been de-titled, he also was unaware of the seller’s legal duty to have the well tested for nitrates and coliform. His inexperience and lack of expertise caused significant delays, thereby costing the buyer and seller time and money. In another transaction, I represented a property owner selling a home on acreage that contained a septic system. Fortunately for the buyer’s agent, the septic system had recently been pumped and the distribution box inspected because the buyer’s offer failed to contain a contingency that the septic system be inspected by either party. I doubt a broker wants to be responsible for the cost to install a new septic system should their client discover shortly after closing that it has failed.

involving the purchase of an investment property. These purchases involve more due diligence and an examination of such things as leases, profit and loss statements, cash flow, insurance claims, etc. that are not involved when a buyer is purchasing a single-family home in which to live. Despite the fact that a due diligence addendum exists for the purchase of investment property, I recently received a cash offer on a multiplex that lacked the Investment Property Addendum and lacked any request for the production of leases, rental history, an accounting, or any other financial information that would assist the buyer in evaluating the purchase for investment purposes. The only contingency for the buyer was an inspection contingency, and once removed or waived, the buyer was at risk of losing his earnest money if he did not proceed with the purchase. The buyer had no contractual right to demand financial information before closing and was forced to make an investment decision without all of the relevant information. Due to her inexperience and lack of expertise, the buyer’s Realtor® was at risk for a possible ethics violation as well as a malpractice claim. Realtors® should not be afraid to embark in new areas of business, but Realtors® should be cognizant of their own limitations and seek out expertise where they have none and gain knowledge so that they can always provide competent representation to their clients. Knowledge is power and serves the Realtor® and his or her clients well.

The Oregon Real Estate Forms that local Realtors® use provide a lot of guidance to brokers for various contingencies in a transaction, but unfortunately, Kim Carty is a Broker with John L Scott Real many of the forms Estate in Beaverton, OR. Ms. Carty represents are often overbuyers and sellers in the Tri-County area with looked. Most a special emphasis on distressed properties residential real and short sales. She is a very knowledgeable estate brokers Realtor® who is highly recommended by her have never been clients, having been recognized with the Five involved in a comStar Professional Award for the past three years. In mercial transaction addition to having a Principal Broker license, Ms. Carty has or a transaction been a licensed attorney since 1999.

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