Old-School Portland is Still Here, It’s Just Covered Under a Layer of Fat!

When I Moved To Portland In 1994 It Truly Was A Place That Truly Was Where Young People Went To Retire. You Would Go Out To Breakfast And Then Seemingly See The Exact Same People At Dinner The Next Night. It Was Much More Intimate Feeling, And There Was Virtually No Traffic. Despite The Doom And Gloom That Has Been Cast Over Portland, Oregon, I Am Here To Tell You That Old-School Oregon Is Still Alive And Well… It Has Just Been Obscured By Some Chaos And The New (Mostly Happy) New Citizens Of Portland. The Average Sales Price For A 3 Bedroom / 2 Bath Home In Portland Is Approximately $529,000, Which, The Last Time I Checked Is Still Not Ridiculously Excessive For A Cultural, Foodie, And General Lower Cost Of Living City, Compared To Seattle, WA And, Of Course, Anywhere In California.

Also, Oregon, and Portland in particular, are known to be more liberal and experimental – such as when small amounts of any drug were de-criminalized. That legislation caused and is causing a drug problem in downtown Portland. However, the homelessness crisis is due to more than that… the lack of mental health services, affordable housing, health care and occupational assistance for instance. However, being in a city that strives to find solutions for large societal problems is exciting, if not always successful. There are many reasons to love this city. Hypothetically, you can ski on Mount Hood and surf in the Pacific ocean on the same day.

Are you aware of Portland, Oregon’s growth boundary?

In 1973, Oregon Governor Tom McCall successfully convinced the state legislature to implement the nation’s first comprehensive land use planning laws. By joining forces with farmers and environmentalists, McCall was able to persuade lawmakers that the state’s natural beauty and access to nature would be threatened by unchecked urban sprawl. Consequently, on May 29, 1973, Senate Bill 100 was signed into law, establishing the Land Conservation and Development Commission and the Department of Land Conservation and Development.

The legislation outlined several state land use goals, including the establishment of urban growth boundaries, the responsible utilization of urban land, and the protection of natural resources. To comply with the requirements set forth in SB 100, the Columbia Region Association of Governments, which later became Metro, proposed an urban growth boundary for the Portland region in 1977. This boundary had to account for the growth projections and plans of Clackamas, Multnomah, and Washington counties, as well as numerous cities and special service districts.

Upon its establishment in 1978, Metro inherited the responsibility of managing the urban growth boundary for the Portland metropolitan area, as granted by the Oregon Legislature.

Land designated for future residential development within the specified boundary. Which means, NO Sprawl!!

So although Portland, Oregon has sustained some black eye’s in the past few years, that does not mean it is not incredible to live here and has opportunities to live in a west coast city at an affordable cost of living. So with all that said,

According to U-Haul’s annual “growth index” data, the state of Oregon has experienced a significant decline in the number of people making one-way trips to the state. In fact, the number of U-Haul customers arriving in Oregon fell by 11% in 2023, causing the state to plummet further down the company’s annual “growth” ranking list than any other state in the U.S. last year.

While the number of U-Haul customers arriving in Oregon sank, the number of people leaving the state also dropped as the local moving market slowed. U-Haul reported that overall, they saw .2% more customers leave the state than arrive in 2023. This trend of stagnation in the state’s moving market has caused concern among analysts, as it suggests that Oregon may not be as attractive a destination for new residents as it once was.

U-Haul’s annual “growth index” data is compiled by comparing the net gains of one-way U-Haul trucks, trailers, and box containers arriving or leaving a state during a calendar year. In the case of Oregon, the state dropped a staggering 15 spots on the U-Haul Growth Index in 2023, falling from 22nd to 37th in the rankings. This sharp decline in the state’s rankings has raised questions about the underlying factors that may be contributing to this trend.

According to U-Haul, the top five growth states are currently Texas, Florida, North Carolina, South Carolina, and Tennessee. These states have seen a significant influx of new residents in recent years, driven by a combination of factors such as a strong job market, favorable climate, and affordable cost of living. In contrast, Oregon’s economy has been struggling in recent years, with high unemployment rates and a lack of affordable housing options making it less attractive to new residents.

Despite these challenges, many experts remain optimistic about the future of Oregon’s economy. The state has a strong tradition of innovation and entrepreneurship, and there are many promising industries that are poised for growth in the coming years. From renewable energy to advanced manufacturing and technology, there are many opportunities for businesses to thrive in Oregon.

Ultimately, the future of Oregon’s economy will depend on a wide range of factors, including government policies, business investments, and consumer behavior. While the state may be facing some challenges in the short term, there are many reasons to be hopeful about its long-term prospects. With the right strategies and investments, Oregon can continue to attract new residents and businesses, and build a thriving economy for years to come.

Migration Trends: Where People Moved in 2023

OREGON is the U-Haul No. 37 Growth State:

Oregon is the No. 37 growth state in the U.S., backsliding 

15 spots from its previous ranking, according to the U-Haul®

Growth Index analyzing one-way customer moves during 2023.

One-way U-Haul customers arriving in Oregon fell more than 11% from 2022 while departures fell nearly 10% as overall moving traffic slowed.

Do-it-yourself movers arriving in Oregon accounted for 49.8% of all one-way U-Haul traffic in and out of the Beaver State (50.2% departures). Oregon’s 15-position drop in the rankings was 

the largest of any state year-over-year Oregon’s top growth cities are Bend and Roseburg. Other notable net-gain markets include 

Redmond, Beaverton, Grants Pass, Hillsboro, The Dalles, La Grande,Forest Grove, Albany and Tigard. Corvallis is among several break-even markets.

The U-Haul Growth Index is compiled according to the net gain of one-way U-Haul trucks,trailers and U-Box moving containers arriving in a city or state, versus departing from that city 

or state, in a calendar year. Migration trends data is compiled from more than 2.5 million one￾way U-Haul customer transactions that occur annually across the U.S. and Canada.

Texas, Florida, North Carolina, South Carolina and Tennessee account for the top five growth 

states. California ranks 50th for the fourth year in a row with the largest net loss of one-way U-Haul customers.

2023 U-Haul Growth States

  1. TEXAS (1)
  2. FLORIDA (2)
  3. NORTH CAROLINA (4)
  4. SOUTH CAROLINA (3)
  5. TENNESSEE (6)
  6. IDAHO (10)
  7. WASHINGTON (23)
  8. ARIZONA (7)
  9. COLORADO (11)
  10. VIRGINIA (5)
  11. NEVADA (13)
  12. VERMONT (30)
  13. UTAH (12)
  14. WYOMING (33)
  15. DELAWARE (27)
  16. NEW MEXICO (19)
  17. ARKANSAS (43)
  18. GEORGIA (8)
  19. SOUTH DAKOTA (31)
  20. MINNESOTA (17)
  21. MONTANA (18)
  22. ALABAMA (20)
  23. OHIO (9)
  24. IOWA (21)
  25. HAWAII (–)
  26. WISCONSIN (16)
  27. INDIANA (14)
  28. MISSOURI (15)
  29. KENTUCKY (26)
  30. WEST VIRGINIA (25)
  31. MAINE (29)
  32. NORTH DAKOTA (37)
  33. KANSAS (39)
  34. ALASKA (41)
  35. NEBRASKA (32)
  36. RHODE ISLAND (40)
  37. OREGON (22)
  38. PENNSYLVANIA (24)
  39. MISSISSIPPI (34)
  40. NEW HAMPSHIRE (38)
  41. OKLAHOMA (42)
  42. CONNECTICUT (28)
  43. NEW YORK (46)
  44. MARYLAND (44)
  45. LOUISIANA (35)
  46. MICHIGAN (48)
  47. NEW JERSEY (45)
  48. ILLINOIS (49)
  49. MASSACHUSETTS (47)
  50. CALIFORNIA (50)

2022 growth rankings in parentheses

While U-Haul migration trends do not correlate directly to population or economic growth, the U-Haul Growth Index is an effective gauge of how well states and cities are attracting and maintaining residents.

Leave a comment

What is an Adjustable Rate Mortgage? (ARM)

What are the details of an Adjustable Rate Mortgage? (ARM)

An Adjustable Rate Mortgage (ARM) is a type of loan that comes with a variable interest rate. Most ARMs that are available nowadays come with a fixed interest rate for an initial period of time, typically 3, 5, 7, or 10 years. By opting for an ARM, you are essentially taking on some of the risk associated with potential increases in interest rates, which is why the initial interest rate on an ARM is generally lower compared to a fixed rate mortgage. Additionally, the length of the initial fixed period usually determines the initial rate, with shorter fixed periods resulting in lower rates. The terms of an ARM are determined by its initial fixed term, adjustment period, margin, index, and caps (and potentially a floor). To determine when and how often the interest rate can change, you need to consider the initial fixed term and adjustment period. These timelines are usually presented with a slash between them, such as “7/1” or “5/6”. For instance, a 7/1 ARM is a loan with an initial fixed term of 7 years that then adjusts on an annual basis. On the other hand, a 5/6 ARM has a fixed period of 5 years before it adjusts every 6 months. It’s a bit inconsistent, but that’s how it works. After the initial fixed period, your rate will begin to adjust. The margin, typically around 2.25%, 2.5%, or 2.75%, remains constant and is preferentially lower. The index, a market-driven benchmark interest rate, is tied to your loan rate. The lender adds the margin to the index when adjusting your interest rate, resulting in a new rate known as the “fully indexed rate”. Most loans round to the nearest .125%. To prevent extreme changes, caps are imposed on ARMs. Caps are written as “2/6” or “5/2/5”. The initial cap limits the maximum change during the first adjustment, while the lifetime cap sets the overall limit for rate increases. If there is a middle number, it represents the maximum change at any adjustment besides the initial one. Discover the significance of capitalization as you delve into the world of ARMs. In addition to the margin and index, some ARMs come with a floor, which sets the absolute minimum interest rate regardless of calculations. When discussing an ARM, we will furnish you with a disclosure specific to the program and thoroughly explain the terms. Deciding if an ARM is right for you involves peering into the future. Consider the duration of the loan and anticipate how your income and expenses may change over time. The key is to strike a balance between the risk of higher rates in the future and the advantage of a lower initial rate, while also planning for worst-case scenarios. It is crucial to understand your own comfort level. Even if an ARM appears ideal on paper, will you be able to sleep soundly knowing that your rate can fluctuate? Here’s an interesting tidbit about ARMs: every time your interest rate adjusts, your loan is re-amortized. This makes an ARM an intriguing option if you plan on regularly making extra payments towards your principal, such as annual gifts from family or yearly bonuses.  
Leave a comment

Would you like to convert a 1031 Exchange into a Primary Residence?

Discover the tax advantages of a 1031 exchange and how you can potentially turn your newly acquired property into your primary home. Learn the key differences between a primary residence and a rental property in the context of a 1031 exchange, and get a grasp of the basic rules, regulations, and timelines associated with executing a 1031 exchange for your primary residence. Our article also provides a clear example to enhance your understanding.

In a 1031 exchange, when acquiring a replacement property, it should initially serve as a rental or business property. If you wish to benefit from Section 121 tax advantages, you must wait at least two years before making a $350,000 single-family home your primary residence, and you must own the property for a minimum of five years before selling it.

Let’s consider the case of Samantha: She acquired a $350,000 rental property through a 1031 exchange and rented it out for nearly three years to establish it as an investment or business property. Afterward, Samantha moved into the property and made it her main residence for over two years, thus making it eligible for Section 121 benefits.

However, it’s important to note that if Samantha sells the property for a profit in a 1031 exchange, she will have tax obligations related to her previous property. The exact amount of tax owed depends on various factors like depreciation, capital gains, basis, and the carryover amount from the relinquished property.

Keep in mind that the IRS places great importance on the “intent” behind the initial purchase of the property. The property should be viewed as an investment opportunity rather than a primary dwelling. To demonstrate this investment intent, avoid actions like creating plans for a primary residence, temporarily moving into the property, including a contingency that requires the sale of your primary residence, or initiating immediate construction on the 1031 exchange property intended for use as a primary residence. Documenting efforts to rent out the house for at least a year before moving in can also help establish investment intent.

The IRS provides a safe-harbor provision that necessitates owning the property for a minimum of 24 months following the 1031 exchange to determine whether it was purchased with the intent of being used as an investment or business property before becoming a primary residence. For more details on this, you can refer to this resource.

If you’re contemplating residing in a property obtained through a 1031 exchange, it is advisable to consult with an accountant and a qualified intermediary to navigate potential tax complications. When executed correctly, a 1031 exchange into a primary residence can result in substantial tax savings, making it a highly advantageous opportunity for real estate investors. For further information, seek advice from reliable sources.

For more information on understanding 1031 exchanges, you may find it helpful to work with a Realtor. You can learn more about why working with a Realtor is a smart choice for Americans here: CLICK HERE!.

Leave a comment

Discover How to Convert a 1031 Exchange into Your Primary Residence and Maximize Tax Savings

Discover How to Convert a 1031 Exchange into Your Primary Residence and Maximize Tax Savings

By Harlan Mayer Once you’ve uncovered the remarkable tax advantages of a 1031 exchange, investors naturally begin to delve deeper. This exploration often leads to questions regarding the distinction between a primary residence and a rental property in the context of a 1031 exchange. “Is it possible to convert my property acquired through a 1031 exchange into my primary residence?” “Can I take advantage of both section 121 and section 1031 tax benefits when selling?” “Are there specific time requirements for renting the property versus living in it?” Let me clarify that this article will specifically address the possibility of repurposing your newly acquired replacement property as your primary residence. The topic of converting a primary residence into a rental property and subsequently conducting a 1031 exchange has already been discussed elsewhere. We will delve into the fundamentals, regulations, and timelines associated with executing a 1031 exchange into your primary residence. Additionally, we will provide an illustrative example to further enhance your understanding. Getting Familiar with a 1031 Exchange into Your Primary Residence – The Basics Section 1031 of the IRC leaves no room for ambiguity – your replacement property must be purchased with the intention of utilizing it as a rental or business property. You must wait at least two years before making a $350,000 single family home your primary residence. In addition, you must own the property for five years before selling if you want to use section 121. If you meet the above requirements, you may be wondering if you can defer all the taxes when you sell the property. While section 121 can still be beneficial, unfortunately, section 1031 benefits are not available. Let’s consider an example: Samantha purchased a $350,000 rental property as part of a 1031 exchange. To successfully complete the exchange, she rented it out for nearly three years. This rental period ensures that the IRS sees the property as an investment or for business purposes. Just before reaching the three-year ownership mark, Samantha moves into the property and makes it her main residence. She lives there for more than two years, making it eligible for section 121 benefits. If Samantha then sells the property for a profit in a 1031 exchange, will she owe any taxes? Unfortunately, the answer is YES. What will Samantha owe if she doesn’t use the 1031 exchange? Well, there are several factors to consider, such as depreciation, depreciation recapture amount, capital gains, basis, and the section 121 exclusion. All of these depend on the carryover amount from the property she relinquished. To put it simply, Samantha won’t owe taxes on her current property, but she will owe taxes on her previous property. This is because her previous property was exchanged for a replacement property that was partly used for investment or business purposes and partly as a primary residence. It’s difficult to give an exact estimate of the taxes Samantha will owe, as they vary greatly depending on her personal situation, the property’s basis, and the depreciation taken. There are situations where it might make sense for her to continue renting, while in others it would be wise for her to move in. This demonstrates the flexibility of the 1031 and 121 rules, and we encourage investors to take full advantage of them. A 1031 exchange into a primary residence can result in significant tax savings! However, it’s important to note that our example above showcases a successful 1031 exchange into a primary residence. The IRS places a lot of importance on the “intent” behind the initial purchase of the home. The house should be seen as an investment opportunity rather than a primary dwelling. The question then arises: “How can I demonstrate that my intention was to invest in the property, rather than just using a 1031 exchange to acquire a primary residence?” After consulting with various qualified intermediaries, they have identified several telltale signs that indicate a lack of honesty in one’s “intent.” These signs include: refraining from drawing up plans or blueprints for a primary residence shortly before or after completing a 1031 exchange, avoiding the temptation to move into the 1031 exchange property even temporarily, abstaining from including a contingency in the contract for the replacement property that requires the sale of one’s primary residence, refraining from commencing construction on the 1031 exchange property intended for use as a primary residence immediately after purchasing it, and documenting efforts to rent out the house for at least a year prior to moving in. It is worth noting that the IRS does offer a safe-harbor provision for determining whether a 1031 exchange property intended for use as a primary residence was indeed purchased with the intention of using it for investment or business purposes. This provision stipulates that the property must be owned for a minimum of 24 months immediately following the 1031 exchange. If you have a property under section 1031 that you are considering residing in, it is strongly recommended that you seek advice from an accountant and a qualified intermediary. While it may bring about tax complications, if executed correctly, it can result in substantial savings for your family. The option to conduct a 1031 exchange into a primary residence is among the most beneficial tax-saving opportunities accessible to regular investors.
Leave a comment

Why Working with a Realtor is the Smart Choice for Americans: 5 Compelling Reasons

Why Working with a Realtor is the Smart Choice for Americans:

5 Compelling Reasons

In the dynamic landscape of real estate, the decision to buy or sell a property is one of the most significant choices a person can make. While some individuals might consider selling their property to a cash buyer or taking the do-it-yourself route, working with a professional Realtor offers a range of advantages that should not be overlooked. In this article, we’ll delve into the top five reasons why Americans should opt for a Realtor when navigating the complex world of real estate transactions.

1. Expertise and Market Knowledge

The realm of real estate is multifaceted, with ever-changing market trends and legal intricacies. Realtors possess in-depth knowledge about the local market conditions, pricing trends, and neighborhood specifics. This wealth of information enables them to provide accurate property valuations, ensuring that sellers receive fair prices and buyers make informed decisions. With a finger on the pulse of the market, Realtors offer invaluable insights that can lead to more successful transactions.

2. Effective Negotiation Skills

Negotiating in real estate transactions requires finesse and strategic thinking. Realtors are adept at negotiating on behalf of their clients, ensuring that their best interests are upheld. Whether it’s securing a favorable selling price or navigating the intricate terms of a purchase agreement, a skilled Realtor can make a substantial difference in the outcome of negotiations. Their expertise helps bridge gaps, resolve conflicts, and facilitate smoother deals.

3. Access to Extensive Networks

One of the major advantages of working with a Realtor is the access to their extensive professional networks. Realtors have connections with mortgage brokers, home inspectors, appraisers, and other professionals crucial to the buying or selling process. These connections streamline the transaction, ensuring that every aspect, from legal procedures to financing, is handled by trusted experts. This network is especially beneficial for those new to the real estate landscape.

4. Protection and Ethical Guidance

Realtors, especially those affiliated with organizations like the National Association of Realtors (NAR), are bound by a strict code of ethics. This code ensures that Realtors prioritize their clients’ interests, act transparently, and maintain the highest levels of professionalism. For instance, our company, RealEstate PDX.com, takes pride in being a fiduciary, putting the client’s needs before everything else. This commitment to ethics provides clients with peace of mind, knowing they are working with professionals who uphold the highest standards.

5. Time and Convenience

Selling a property or finding the perfect home demands a substantial investment of time and effort. Realtors alleviate this burden by handling the intricate details of the transaction process. From marketing the property and arranging showings to coordinating inspections and paperwork, Realtors ensure a seamless experience. This leaves clients with more time to focus on their daily lives without being overwhelmed by the complexities of real estate transactions.

Conclusion

In the realm of real estate, making the right choice can have far-reaching implications. While the allure of quick cash sales or DIY approaches might be tempting, the benefits of working with a Realtor far outweigh the alternatives. From their market expertise and negotiation skills to their extensive networks and ethical commitment, Realtors provide a level of service that ensures successful, satisfying transactions. So, whether you’re buying or selling, consider enlisting the expertise of a Realtor to guide you through this pivotal journey.

FAQs

  1. Why should I choose a Realtor over a cash buyer? Realtors offer market insights, negotiation skills, and a personalized approach that cash buyers often lack. They ensure you get the best value for your property.
  2. Can I trust Realtors to prioritize my interests? Absolutely. Realtors, especially those associated with organizations like NAR, adhere to strict ethical codes that prioritize clients’ interests above all else.
  3. How does working with RealEstate PDX.com make a difference? RealEstate PDX.com is committed to being a fiduciary, ensuring that your needs and interests are always at the forefront of every transaction.
  4. Will working with a Realtor save me time and effort? Indeed. Realtors handle numerous tasks, including paperwork and negotiations, saving you time and reducing the stress associated with real estate transactions.
  5. What if I’m a first-time homebuyer? Can a Realtor help me? Absolutely. Realtors can provide guidance, educate you about the process, and connect you with the right professionals, making the homebuying experience smoother for newcomers.

 

Leave a comment

China Buying More US Real Estate

China Buying More US Real Estate

A new report reveals that Chinese nationals have resumed dominating foreign purchases of U.S. homes after a long lull. This is significant because, for years, Chinese buyers were the largest group of foreign buyers of U.S. homes, but their share plummeted during the pandemic due to strict lockdowns and travel restrictions. However, the latest data from the National Association of Realtors (NAR) suggests that Chinese homebuyers are making a comeback in the U.S.

According to NAR survey data published this week, Chinese buyers accounted for 13% of all foreign buyer purchases in the 12-month period between April 2022 and March 2023. In the previous two years, their share had plunged to 6% due to pandemic-related travel restrictions. During the most recent period, Chinese buyers spent $13.6 billion on existing homes, more than double the $6.1 billion they spent the prior year.

However, NAR chief economist Lawrence Yun cautioned that the doubling is coming off a very low number and is still well behind the pre-COVID condition. California was the top choice for Chinese buyers in the survey period ending in March, accounting for 33% of all homes purchased, followed by Florida at 16% and Texas at 8%. Experts attribute the popularity of Florida and Texas to their home affordability.

Most Chinese buyers are now purchasing U.S. homes for their own use rather than as offshore investors, according to Kashif Ansari, co-founder and group CEO of international property company Juwai IQI. Ansari predicts that the typical Chinese buyer in 2023 is on their way towards becoming an American resident and citizen.

However, states across the U.S. have enacted or weighed legislation to limit Chinese citizens from buying certain properties, citing national security. For instance, a law in Florida that bars most Chinese citizens from purchasing homes in the state took effect last month. The ACLU, along with other organizations, has filed a lawsuit challenging the law on behalf of four individuals and a Florida real estate brokerage firm seeking an injunction to block the law’s enforcement. Florida realtors previously told Axios that the law had significantly undermined Chinese buyers’ interest in the state, and it remains to be seen how other states will react to Chinese buyers’ resurgence in the U.S. housing market.

The typical Chinese buyer in 2023 is likely to be an American resident and citizen, rather than an offshore investor. However, legislation across the United States has been introduced to limit Chinese citizens from buying certain properties, citing national security concerns. In Florida, a law that restricts most Chinese citizens from purchasing homes in the state has recently come into effect, causing a stir among civil liberties groups. The ACLU and other organizations have filed a lawsuit on behalf of four individuals and a Florida real estate brokerage firm, seeking an injunction to block the law’s enforcement. Realtors in Florida have also noted that the law has already reduced Chinese buyers’ interest in the state.

Summary:

– Chinese buyers have resumed dominating foreign purchases of U.S. homes after a long lull.

– Chinese nationals were the largest group of foreign buyers of U.S. homes for years.

– However, their share plunged during the pandemic due to strict lockdowns and travel restrictions.

– The latest data from the National Association of Realtors (NAR) suggests that Chinese homebuyers are making a comeback in the U.S.

– In the 12-month period between April 2022 and March 2023, Chinese buyers accounted for 13% of all foreign buyer purchases, according to NAR survey data published this week.

– The share of Chinese buyers had plunged to 6% in the previous two years, mostly due to pandemic-related travel restrictions.

– Chinese buyers spent $13.6 billion on existing homes during the most recent period, more than doubling the $6.1 billion they had spent the prior year.

– California was the top choice for Chinese buyers, accounting for 33% of all homes purchased, followed by Florida at 16% and Texas at 8%.

– Most Chinese buyers are now purchasing U.S. homes for their own use rather than as offshore investors

– States across the U.S. have enacted or weighed legislation to limit Chinese citizens from buying certain properties, citing national security.

– A law in Florida that bars most Chinese citizens from purchasing homes in the state took effect last month, and the ACLU has filed a lawsuit challenging the law on behalf of four individuals and a Florida real estate brokerage firm.



Leave a comment

Buying with RealEstatePDX.com

Owning a home has long been a cornerstone of the American dream, offering security, stability and an opportunity to build wealth. In recent years, confidence in the real estate market has slowly returned; and with rental prices increasing and the cost of owning a home looking more attractive than ever before, many people are now opting for buying rather than renting.

Benefits of owning a home

  • Owning a home gives you the opportunity to build equity, qualify for tax deductions, leverage your investment, save money and take pride in ownership. 
  • Mortgage interest, real estate taxes and other expenses can be deducted from your taxes. 
  • Even though the investment is only a portion of the home’s value, appreciation on the full amount is possible. 
  • In addition, owning a home may be less expensive than renting due to current rental prices at all-time highs. 
  • Finally, you can make improvements to your home that reflect your personal style and take pride in keeping it well maintained.

Why work with me?

Buying a home is one of the most important financial decisions you will ever make, and we are here to ensure that it goes as smoothly as possible. 

  • We are Negotiation experts! Our job is to provide guidance to help you get into contract and close on the home that you decide you want!
  • We work with the best inspectors! We find the most detail-oriented home inspectors in the business so that you know all the challenges the home may have, and look to have the Seller remedy as many issues as possible before closing. 
  • We are Available! Access to your agent is crucial in a difficult market. WE answer our phone and are available on the weekends and evenings if necessary to secure a home you are interested in. 
  • We will give you straightforward and honest advice throughout the entire process. Whether your budget is $100,000 or $10 million, our priority is to find you a perfect home at an unbeatable price. Furthermore, we go beyond simply finding a house… we guide you every step of the way, from helping with movers and home insurance to personally dropping off pizza on moving day!

Next steps…

Send us an email at harlan(at)realestatepdx(dot)com and let us know you’d like to start looking so we can get a search set up for you on MLS and begin emailing you homes which fit your search criteria.  Lastly, check out the estimate of buyer’s closing costs. This is the approximate amount of cash you would need to have available on the day of closing in addition to your down payment.

 

Leave a comment

Are you Buying, Selling
or Both?