Dave Sutton

For Smart Sellers, Bright Buyers & Intentional Investors

Top Seven Trends in Luxury Real Estate

How about a bathroom mirror that turns into an LCD TV when you want?  Even the "news junkie" that I am wonders about that, but all seven are interesting

It's from Worth magazine.  Click here for the full story.


Posted on April 15, 2014 at 10:27 am
Dave Sutton | Posted in Uncategorized |

$200/month More to Buy Same House in Portland Next Year?

In proverbial "round numbers", mortgage payments on the average home in Portland next year will be about $200/month more than today if this forecast increase in mortgage rates is correct. (To check the forecasting accuracy of these sources, I looked up their January 2012 forecast for January 2013 – they were within 0.2 of today's average rates.

That's to buy at the same price.  If home prices go up 5-6% as predicted, it's even more.

To go beyond "round numbers" and see what it would cost you to buy that real Portland-area house you want today, I can introduce you to a good mortgage broker.  Between the two of us, you can see real numbers and real homes for you.  Call or text me at 503-505-9722 or @DaveSuttonHomes


Posted on March 6, 2014 at 1:38 pm
Dave Sutton | Posted in Home Buying, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , ,

I will not “sell” you a home !!

If that sounds strange coming from someone whose favorite activity is working with people who want to buy or sell a home, let me explain.

What I will do is help you find the right home for you.  When you see it, you'll know it's the one.  No "strong arm" needed from me. I write it because

If this seems like a strange post from a Realtor, it's because I think some people hesitate to ask a Realtor a question or talk about their dreams and desires for a home because they fear being pushed into buying something that's actually not the right home for them, or at the right time. 

My clients will tell you what they most appreciate is my patience and my professionalism.  I love to answer real estate questions, even if you're not ready to buy or sell right now…or ever !  What's your question?  Call or text me at 503-505-9722, or Tweet @DaveSuttonHomes


Posted on March 4, 2014 at 10:13 am
Dave Sutton | Posted in Home Buying, Home Selling, Portland Real Estate | Tagged , , , , , , , , ,

Should You Buy or Rent a Home? Or Invest in Rental Homes?

 

This chart is the simplest answer to both questions. 

The longer you rent, the higher the cost, and while you have paid for a place to live, you have nothing to show for it but rent receipts. 

On the other side, buying a property to rent has all the advantages the renting does not.  In either case, a fixed rate mortgage would hold your costs level (OK taxes might go up, but that's a minor part of the equation), while your rental income increases.  

And in both cases, there are significant tax advantages.  For Home Owners, mortgage interest is tax deductible.  For Investors, you also get depreciation and other deductions. Don't believe me?  I can recommend a good Portland CPA.

2.24 Blog Visual


Posted on February 27, 2014 at 4:36 pm
Dave Sutton | Posted in Home Buying, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , ,

Portland Metro Short Sales and Bank-Owned Continue to Decline, as does Total Inventory

The 2013 numbers for short sales and bank owned homes (both new listings and sales) are in the chart below.  Total homes for sale continues to be quite low.  At year-end 2013 there were 5,159 total listings, down from year-end 2012's 5,632.  Year-end 2009 listings total 13,019, so we currently have less than half the "normal" number of listings.   A six-month inventory is an even buyer-seller market, and we are currently at half that (3.2).  If you're thinking of selling, this is an excellent time.  Contact me for a free no-obligation analysis of what your home might sell for today. 

 


Posted on February 5, 2014 at 5:28 pm
Dave Sutton | Posted in Home Buying, Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , ,

Mortgage Rates Up? 3.75%?

Until just a few years ago, 6.0% was a terrific rate.  Then we got spoiled with a few months of 30-year fixed rates in the low 3% range. 

 

I get a weekly "rate sheet" from a Portland credit union.

Today's shows a 30-year fixed FHA rate of 3.75% "with limited fees"  Because of fees you may be better off with a "conventional" mortgage, quoted there at 4.25% for 30-yr. fixed.  Your best home finance information comes from a local mortgage professional.  Contact me for a no-obligation referral in Portland. .

 


Posted on January 27, 2014 at 4:44 pm
Dave Sutton | Posted in Home Buying, Home Selling, Portland Real Estate, Portland Real Estate Statistics, Uncategorized | Tagged , , , ,

Portland Home “Revamp” Makes Houzz

The current "This Week on Houzz" features "Paint and pluck revamp a Portland ranch house"See the before and after photos and the owner's comments here,


Posted on January 15, 2014 at 1:11 pm
Dave Sutton | Posted in Home Buying, Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , , , ,

What’s Ahead for Real Estate in Portland in 2014?

I know, the only problem with forecasting is when it involves the future, so this is not me talking, but Zillow says Portland will be the ninth hottest market in 2014.  Their story is here


Posted on December 12, 2013 at 12:32 pm
Dave Sutton | Posted in Home Buying, Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , , ,

Time for hanging of the greens (or anything else). Here’s a how-to from the pros.

Architecture, interior design, and more ∨

Hire residential landscape architects to help with all aspects of landscape design, from selecting or designing patio furniture, to siting a detached garage or pergola.
Find home remodeling professionals, local residential architects, top home builders in your area and decorating and interior design ideas.

 


Posted on December 2, 2013 at 2:46 pm
Dave Sutton | Posted in Uncategorized | Tagged , , ,

Multnomah County Property Tax Bill Appeal Process

 

If you own property in Multnomah County you've probably received your tax bill by now.  We're hearing that some have increased, and by seemingly more them a 3% new "bond", and without any new building permit activity.  

If you feel your tax bill is not correct, the information to file an appeal is here
 


Posted on October 23, 2013 at 1:47 pm
Dave Sutton | Posted in Uncategorized | Tagged ,