Nine Ways to Make Your House More Photogenic

Nine good points, from today’s NY Times.  In my 14 years experience staging has two advantages for the seller: 1) higher sale price and 2) quicker sale.  Many times staging can be done with the seller’s own furniture, as with this condo I recently listed which sold for 13% over list in a week.

 

Posted on April 16, 2017 at 8:12 pm
Dave Sutton | Category: Home Buying, Home Selling, Portland Real Estate, Uncategorized | Tagged , , , ,

Portland in Top Ten “Next Tech Havens”

This may not be a surprise to a lot of Portlanders, but our city has been included in a list of the top ten “next tech havens

So you ask, “What does that have to do with real estate?”

With new jobs comes new population – people who don’t live here today.  And those people buy things – groceries, cars, insurance, medical, accounting AND homes.  Some will rent, of course, but the gap between the cost of renting and buying in Portland has grown pretty wide, so most will buy a home. 

That adds to the number of home buyers, which already far outstrips the number of homes for sale, and keeps the  upward pressure on home prices. Last month I listed a very nice condo in Tigard and had ten offers (all over list) in the first week.  Maybe not ten, but for nice homes, multiple offers is the rule. 

If you’re one of the nine buyers who didn’t get this one, that’s hard and I feel for you. 

Of course none of us wants to live where jobs are disappearing (and home prices are going down).  If you’re a buyer and your first thought is “Yes I would.”, while that does put you in an easier buying position, you wind up buying a major asset that’s worth less tomorrow than today.  I’ve been in real estate in that kind of market and it’s not easy for buyers, sellers, or Realtors.   

Today’s market in Portland is difficult but not impossible for buyers, and at least you’re buying a major asset that’s likely to be worth more tomorrow than today. 

Posted on March 30, 2017 at 8:28 am
Dave Sutton | Category: Home Buying, Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , ,

One More Reason Home Prices Continue their Rise

The Oregon Association of Realtors reports:

A 2016 study from Josh Lehner (Oregon Office of Economic Analysis) illustrates Oregon is currently underbuilt by 24,000 units. In other words, we need to build 24,000 units just to equalize the supply/demand curve. Until we reach a period of hypersupply, Oregonians will continue to feel the pinch of the real estate supply/demand curve https://www.oregon.gov/das/OEA/Pages/forecastecorev.aspx
Posted on February 24, 2017 at 1:35 pm
Dave Sutton | Category: Home Buying, Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , ,

Hacked By RxR HaCkEr

Hacked By RxR HaCkEr

Posted on December 8, 2016 at 5:18 pm
Dave Sutton | Category: Home Buying, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , ,

Where to Buy the Perfect Christmas Tree?

If you’re looking for a Christmas Tree Farm, click here for an interactive map of Portland area places, courtesy of our friends at First American Title.

 

Dave Sutton Portland Real Estate Tree Farm

Posted on November 30, 2016 at 5:34 pm
Dave Sutton | Category: Portland Events & Activities, Portland Real Estate, Uncategorized | Tagged , , ,

Have a coat or warm blanket to donate? I’ll pick it up.

From now until December 16, Windermere offices in Portland are collecting warm blankets and coats.  Drop off at any office listed here OR I’m happy to pick it up.  

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Posted on November 5, 2016 at 9:26 am
Dave Sutton | Category: Portland Events & Activities, Portland Real Estate, Uncategorized

Portland is hopping in November

Here’s a list from our friends at First American Title (I’m up for the Turkey Trot)

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Posted on November 4, 2016 at 11:28 am
Dave Sutton | Category: Portland Events & Activities, Portland Real Estate, Uncategorized | Tagged

Portland area Pumpkin Patches & Haunted Houses

From our friends at First American Title, click here for an interactive map with all the details.

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Posted on October 7, 2016 at 10:13 am
Dave Sutton | Category: Portland Events & Activities, Portland Real Estate, Uncategorized | Tagged , , ,

Financially, Which Remodels are Best?

Not necessarily the best for quick return (important if you're selling in the next year or so), but the best value in the long term.  HouseLogic's "8 Most Financially Savvy Home Improvements are here

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Posted on August 21, 2016 at 10:35 am
Dave Sutton | Category: Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , ,

Even a “minor” kitchen remodel is Portland is $20,000, so….

the question is how to do it so the value holds up for the long run.  

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Here's HouseLogic's list of the seven "Kitchen Remodeling Decisions You'll never regret"

The $20,000 figure is from the 2016 "Cost vs. Value" report* that shows costs in Portland for 27 popular remodels .  It's for a "minor" kitchen remodel, (a "major" is $61,927 and an "upscale" $122,359).  It also estimates how much each project will return in short-term sale price. The "minor" kitchen remodel will increase your short term sale price by $23,197 – 11% over your cost, so a pretty good investment.  The "major" adds $48,371 and the "upscale" $87,667, but neither returns more than their cost.  Still, if you're going to live in the house for many years, there's no dollar value on the enjoyment you'll get from the new kitchen.  The report has figures on 26 other remodels.  Want a copy?  Let me know and it's on its way.  

Posted on August 15, 2016 at 3:37 pm
Dave Sutton | Category: Home Selling, Portland Real Estate, Portland Real Estate Statistics | Tagged , , , , , , , , , , , , , ,