PDX Realty Solutions

08/25/2023

Made a power red donation today, that makes 7 units of blood donated this year. The Red Cross makes donating very easy, even with a crazy schedule!

08/04/2023

This Saturday 8/5 l’ll be holding this lovely Burlingame split level open from 12:30-2:30. Stop by or make a day of it like we did last weekend! My wife took our boys to Fulton Park, Grand Central Bakery, and Gabriel Park while I held this beautifully updated home open last week. Then afterward we toasted 🍻 at Sasquatch Brewery. All less than two miles away!

07/19/2023

Took a break in between showings to hit the archery range and was surprised to see who else showed up for target practice! 🦌 🎯 🏹

07/18/2023

Nothing like a great weekend spent camping with the fam to fuel the work week!

02/25/2023

Uncle Garrett + Wesley + 🎈 = Big time fun 🤩 Future showing assistant ?? 😍

10/09/2021

It’s as if a haunted house got an extreme home makeover.

10/07/2021

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. National Association of Realtors research reveals that the average gain for homeowners over the last five years was $139,134 and over the last 10 years was $218,505.

Homeownership builds household wealth which also enables households to more easily move to the home of their dreams.

If you missed out on the equity gains over the last 30 years, don’t fret. Experts are still calling for substantial growth in equity over the next five years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home values (and therefore equity) to increase as follows:

>> 2021: 11.74%
>> 2022: 5.82%
>> 2023: 3.94%
>> 2024: 3.56%
>> 2025: 3.55%

The survey estimates a 31.8% cumulative appreciation over the next five years. Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:

That’s a potential increase in household wealth of $111,285 over five years.

If you want to learn more, DM me. Owning a home is one of the best ways to grow your wealth over time. House wealth can impact generations. In many cases, the largest single investment a household has is their home. As that investment appreciates in value, the financial options also increase.

09/01/2021

We are so honored to have Garrett Conn on our team, and have him bring his talent & experience to help our buyers in this competitive market!

08/24/2021

Experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say:

Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of today’s rates:
“As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time.”

Mark Fleming, Chief Economist at First American, talks about how rates impact a buyer’s bottom line:
“Mortgage rates are generally the same across the country, so a decline in mortgage rates boosts affordability equally in each market.”

Danielle Hale, Chief Economist at realtor.com, also notes the significance of today’s low rates and urges buyers to carefully consider their timing:
“Those who haven’t yet taken advantage of low rates to buy a home or refinance still have the opportunity to do so this summer.”
Hale goes on to say that buyers who don’t act soon could see higher rates in the coming months, negatively impacting their purchasing power:
“We expect mortgage rates to fluctuate near historic lows through the summer before beginning to climb this fall.”

And while mortgage rates are still low today, the data from Freddie Mac indicates rates are fluctuating ever so slightly right now, as they moved up one week before inching slightly back down in their latest release. It’s important to keep in mind the influence rates have on your monthly mortgage payment. DM me to discuss today’s rates and determine if now’s the time for you to buy.

08/10/2021

A little team bonding for these amazing peeps at the 2021 Street of Dreams. Have you been? Which home was your fav?

08/02/2021

Before you decide whether you’re ready to buy a home, you should know how to answer these three questions.

>>What’s Going on with Home Prices?

Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate. Continued price appreciation is great news for existing homeowners but can pose a significant challenge if you wait to buy. Put simply, with home prices increasing, the longer you wait, the more it could cost you.

>>Are Today’s Low Mortgage Rates Going To Last?

Another significant factor that should inform your decision is mortgage interest rates. Today’s average rates remain close to record-lows. Much like prices, though, experts forecast rates will rise over the coming months. Your monthly mortgage payment can be significantly impacted by even the slightest increase in mortgage rates, which makes the overall cost of the home greater over time when you wait.

>>Why Is Homeownership Important to You?

The final question is a personal one. Before deciding, you’ll need to understand your motivation to buy a home and why homeownership is an important goal for you. There’s a value to homeownership beyond the many great financial opportunities it provides. It gives homeowners a sense of pride, safety, security, and accomplishment – which impacts their lives and how they feel daily.

Homeownership is lifechanging, and buying a home can positively impact you in so many ways. With any decision this big, it helps to have a trusted advisor by your side each step of the way. If you’re ready to begin your journey toward homeownership, DM me to discuss your options and begin your journey.

07/30/2021

Prefer to travel but need a posh low maintenance home in town – This is it! Perfectly maintained living large, end unit town home in Autumn Meadows. Den on the first floor separated from the rest of the house for working remote. Spacious open floor plan with tons of natural light. Large kitchen with plenty of storage plus a pantry. Balcony off the family room. Dual Master suites with own bath, vaulted ceilings, generous closets and new carpet. Close to MAX line, Intel and shopping. Offered at $350,000.

07/28/2021

Your home value has increased! Connect with us for a free market report custom to your neighborhood!

07/26/2021

The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market.

>>Technology Acceleration and Innovation
The past year ushered in many changes to the real estate industry, especially when it comes to technology. The CRE report elaborates on this: “Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside. The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception.”

>>Remote Work and Mobility
Working from home became the reality for many individuals during the pandemic, and the latest list from the CRE identified remote work and mobility as an important influence on the real estate market. As the report notes: “…the pandemic universally caused a movement away from urban cores . . . . It is unknown as to the permanence of these movements or whether they represent a true urban exodus.”

>>Housing Supply and Affordability
Finally, the limited supply of houses for sale and the related affordability challenges also makes CRE’s list of key factors this year: “According to the National Association of Realtors®, the state of America’s housing inventory is dire, with a chronic shortage of affordable and available homes needed to support the nation’s population.”

New technology, remote work, housing supply, and home affordability are key factors in the housing market right now for both buyers and sellers. If you want to better understand how these topics can impact you, DM me today.

07/25/2021

OPEN HOUSE Sunday 7/25 1:00-3:00pm

Add this beauty to your list! 2 Bedrooms | 2 Baths | 1,194 SF | 2 Car Garage

Minutes to PSU, OHSU, Lewis & Clark College, downtown, Multnomah Village, favorite eats, and more! No rent cap investors!

Offered at $339,000

07/19/2021

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.

>>Sell and Move Up (or Downsize)
If you’re considering either of these, there may not be a better time to move. Today’s rates are below 3%, but experts forecast rates to rise over the next few years. If the interest rate on your current mortgage is higher than today’s average, take advantage of this opportunity by making a move and securing a lower rate. Lower rates mean you may be able to get more house for your money and still have a lower monthly mortgage payment than you might expect. Waiting, however, might mean you miss out on this historic opportunity.

No matter what, whether you’re looking to make a move up or downsize to a home that better suits your needs, now is the time. Even a small change in interest rates can have a big impact on your purchasing power.

>>Refinance
If making a move right now still doesn’t feel right for you, consider refinancing. With the current low mortgage rates, refinancing is a great option if you’re looking to lower your monthly payments and stay in your current home.

Take advantage today’s low rates before they begin to rise. Whether you’re thinking about moving up, downsizing, or refinancing, DM me today to discuss your options.

07/16/2021

New listing in the heart of the Pearl! Call Garrett for a private tour today! 503-569-5512.

Enjoy Urban living in the Pearl! Open floor plan with a wall of windows brings in tons of natural light! Kitchen with stainless-steel appliances, newer bamboo flooring, quality carpet, murphy bed. Walk-in closet with organizers. Washer and dryer in unit. Deeded storage. Secured building. Steps from streetcar & MAX, parks, riverfront trail, top-rated restaurants, Nike bikes, fitness and studio gyms. Walk score 97, Bike score 99. Amenities: Gym, meeting room, beautiful outdoor courtyard. Can be purchased with furniture. Offered at $219,900.

07/15/2021

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of ...

06/29/2021

These 15 BBQ Party Ideas will take your grilling game to the next level! These fun summer BBQ ideas will make a great BBQ even better!

06/28/2021

This gorgeous condo has it all!

✅ Granite counters & stainless steel appliances
✅ Living room w/gas fireplace
✅ Formal dining room
✅ Master Suite w/bath & walk-in closet
✅ 2-car garage + storage
✅ Tree & territorial views
✅ Minutes to OHSU, L & C, PSU, Eats & Downtown

💲 339,000

Only 8 units in this best kept secret community. Investors, no rent cap! Perfect for 1st time buyers, downsizing or add to your portfolio! Don't let this beauty get away!

06/28/2021

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8%.

To help you understand just how much time and effort it takes to sell on your own, here’s a look at a few of the things you need to think about before putting that “For Sale” sign up in your yard.

>>Making a Good First Impression
While it may sound simple, there are a lot of proven best practices to consider when prepping a house for sale.

>> Pricing It Right
Real estate professionals have mission-critical information on what sells and how to maximize your profit.

>> Maximizing Your Buyer Pool (and Profit)
Contrary to popular belief, FSBOs may actually net less profit than sellers who use an agent.

>>Navigating Negotiations
When it comes to selling your house as a FSBO, you’ll have to make time to handle all of the negotiations.

>>Juggling Legal Documentation
Speaking of time, consider how much free time you have to review the fine print.

Selling your house on your own is a lot of responsibility. It’s time consuming and requires an immense amount of effort and expertise. Your time is money – don’t waste it. Before you decide to sell your house yourself, DM me to discuss your options and learn more about how they can make sure you get the most out of the sale.

06/21/2021

When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation. If you’re feeling the challenges of a competitive market, remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.

06/18/2021

Inventory increased last month with buyer demand still being strong. If you're considering selling, it's a perfect time to take advantage of the summer months. Give our team a call today to discuss your options!

06/18/2021

A perfect weekend for an amazing hike! What's your favorite place to go and connect with nature?

06/16/2021

We are so grateful for referrals from friends, past clients and colleagues. Without those connections, we wouldn't get to meet amazing new friends! The sad news is this amazing couple moved out of state. However we were honored to help them get accept an offer over list price & closed quickly so they could get settled in their new town. Congrats Angie & Miriam! Visit us soon!

06/14/2021

In a normal market, it’s good to have an experienced guide to coach you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. As a result, an expert isn’t just good to have by your side – an expert is essential.
Finding the right agent should be your top priority when you’re ready to buy or sell a home. So, how do you choose the right expert?
It starts with trust. You’ll have to be able to trust the advice your agent is going to give you, so make sure you’re connected to a true professional. An agent can’t give you perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in this unique market. A true professional expert can, however, give you the best possible advice based on the information and situation at hand, helping you make the necessary adjustments and best decisions along the way. The right agent – the professional – will help you plan the steps to take for success, advocate for you throughout the process, and coach you on the essential knowledge you need to make confident decisions toward your goals. That’s exactly what you want and deserve.

It’s crucial right now to work with a real estate expert who understands how the market is changing and what that means for home buyers and sellers. If you’re planning to make a move this year, contact a local real estate professional who can answer your questions, give you the best advice, and guide you along the way.

06/11/2021

Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams? If your needs have changed, it’s a great time to upgrade – there’s likely high demand for your current house, and today’s low mortgage rates can help you afford your dream home. If you’re ready to upgrade to a home that matches your changing needs, DM us today!

06/11/2021

***PRICE IMPROVED!*** Stunning home in Bauer Woods Estates. This home sits on a 1/3 of an acre with professionally designed landscaping, and plenty of room for outdoor enjoyment. Pride of ownership throughout! Minutes to Nike, Intel, St. Vincent's & shopping. OPEN HOUSE Sunday, June 13th 1:00-3:00pm.

06/09/2021

https://www.facebook.com/CarolynHotyTeam/posts/1914578032032032

Check out this new listing 3280 NW 125th Pl., Portland, OR 97229, from Realtor ® Carolyn Hoty

06/09/2021

June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year. DM me today to determine if homeownership is the right next step for you.