UP & COMING:
LENTS
REMODELING LOANS
Q&A WITH PISTILS LANDSCAPE DESIGN + BUILD
HOW HARD IS IT TO BUY in PORTLAND?
BEACH & VACATION PROPERTIES
VOLUME 6, ISSUE 4 • ALLTHINGSREALESTATEMAGAZINE.COM
JUNE 2016 • 1
2 • ALL THINGS REAL ESTATE magazine
JUNE 2016 • 3
EDITORSโ
note
;ัดัดo ย m;ฤบ ou|ัด-m7 vย ll;uv -u; |ย rb1-ัดัดย 0ย vย ย b|_ oย |7oou 1om1;u|vฤท =;vเฆ ย -ัดv -m7 m;b]_0ou_oo7 =-ul;uv l-uh;|v rย uย ;ย bm] vol; -l-ย bm] =oo7 =uol ัดo1-ัด =-ulvฤท v;-=oo7 -m7 rัด-m|vฤบ |ฤฝv -ัดvo -m bm1u;7b0ัดย 0ย vย เฆ l; =ou u;-ัด ;v|-|;ฤบ ou; _ol;v 0;1ol; -ย -bัด-0ัด; -v =-lbัดb;v -u; om |_; loย ;ฤบ |ฤฝv - ]u;-| เฆ l; |o v;; ย _-| |_; l-uh;| bv 7obm]ฤบ m7 -v ย oย ัดbh;ัดย ย ;ัดัด hmoย ฤท ou|ัด-m7ฤฝv l-uh;| bv vเฆ ัดัด ;ย |u;l;ัดย 1olr;เฆ เฆ ย ;ฤบ "oฤท _oย 7o ย oย 0ย ย -m7 v;ัดัด bm |_bv l-uh;|ฤต -เฆ ;m|ัดย ฤบ ย ย bm] - _oย v; _;u;ฤท r-uเฆ 1ย ัด-uัดย om |_; ;-v|vb7; o= ou|ัด-m7 _-v 0;1ol; ;-vb;u v-b7 |_-m 7om;ฤบ ย ย ;uv -u; ]bย bm] ย r -[;u v;ย ;u-ัด u;f;1|;7 o@;uvฤบ m |_bv bvvย ; o= $! ย ; =o1ย v om |_;v; u;-ัดbเฆ ;vฤบ o1-ัด Realtorsยฎ ]bย ; ย oย -7ย b1; om _oย |o rัด-ย |_; ]-l; -m7 0;-| |_; 1olr;เฆ เฆ omฤบ | l-ย 0; |oย ]_ oย | |_;u;ฤท 0ย | b|ฤฝv mo| blrovvb0ัด;ฤบ -ย 0; ย oย -u; u;-7ย =ou - ัดbย ัด; lou; vr-1;ฤท 0ย | ัดoย ; ย oย u m;b]_0ou_oo7ฤบ "|-ย rย | -m7 u;moย -|;ฤด |ฤฝv |_; m;ย | ย b-0ัด; orเฆ omฤบ $_bv lom|_ ย ;ฤฝu; -ัดvo =;-|ย ubm] vol; ou|ัด-m7 ัด-m7v1-r;vฤบ ); -vh |_; 7;vb]m;uv -| bvเฆ ัดv -m7v1-r; ;vb]m ฦณ ย bัด7 _oย |_;ย -rruo-1_ ัดo1-ัด 0-1hย -u7v |o l-h; ;L1b;m| vr-1;v ย b|_ vย v|-bm-0ัด; =oัดb-];ฤบ m7 b= ย oย ฤฝu; 1ย uboย v -0oย | ย r -m7 1olbm] m;b]_0ou_oo7vฤท 1_;1h oย | oย u bย bm] m =;-|ย u; om ;m|vฤบ $_; -u;- _-v - ub1_ _bv|ouย -m7 | _; ;ัดlom| o-|v _-ย ; l-7; ;m|v |_;bu _ol;ฤบ v ย b|_ ;ย ;uย bvvย ;ฤท ย ; _or; ย oย ;mfoย $! ฤบ );ฤฝu; ;ย 1b|;7 to announce that that our Real Estate Supply Store and oL1;v _-ย ; - m;ย _ol; bm " ou|ัด-m7 om ฦ ฦ |_ ล v_ฤบ Stop by and say โ Hi.โ
Happy Summer,
Kelley
& Beth
4 โ ข ALL THINGS REAL ESTATE magazine
!$ Ä˝" ONLY LOCAL REAL E S TATE MAGAZINE
Publisher / Owner
TRACEY HICKS |u-1;‹Š-|u;l-]-ÂŒbm;Äş1ol
Editorial $ ! " 0;|_Ĺ -|u;l-]-ÂŒbm;Äş1ol + " !ĹŠ ( h;Ń´Ń´;‹Š-|u;l-]-ÂŒbm;Äş1ol
Sales Account Managers JASMINE DEATHERAGE f-vlbm;Ĺ -|u;l-]-ÂŒbm;Äş1ol ANN LUCIA -mmĹ -|u;l-]-ÂŒbm;Äş1ol
Client Services Coordinator !+ ! + l-u‹Š-|u;l-]-ÂŒbm;Äş1ol
Executive Assistant ALEXA MOORE -Ń´;Š-Ĺ -|u;l-]-ÂŒbm;Äş1ol
Graphic Designer
AUDREY MORAN -†7u;‹Š-|u;l-]-ÂŒbm;Äş1ol
JOIN the ATRE COMMUNITY $‰;;| †vġ |-] †v ou ‰ub|; |o †v -| _;Ń´Ń´oĹ -|u;l-]-ÂŒbm;Äş1olÄş );Ä˝7 Ń´oˆ; |o _;-u =uol ‹o†Ĵ facebook.com/ATREPDX instagram.com/allthingsrealestatemagazine twitter.com/atremagazine allthingsrealestatemagazine.tumblr.com pinterest.com/atrestore
Robert Rob ert rtt Rumme Rumme Ru m rM Midc iidc dcce en ent nttu ury ry yM Mo oder de d er ern Courte Cou r esy of rte of M Rea eal e aallty ty
$! bv r†0Ń´bv_;7 lom|_Ѵ‹ 0‹ Ń´Ń´ $_bm]v !;-Ń´ v|-|; ;7b-Äş ); l-h; ;ˆ;u‹ ;@ou| |o 0; -11†u-|;ġ 0†| vol;াl;v ‰; l-h; lbv|-h;vÄş Ń´;-v; Ń´;| †v hmo‰ b= ‹o† v;; - m;;7;7 1ouu;1াomÄş ubm|;7 0‹ Ń´Ń´ $_bm]v !;-Ń´ v|-|; ;7bĆ–Ć•Ć?ĺƑѾѾĺќƑѾƕ
JUNE 2016 • 5
CONTRIBUTORS
TOIJA BEUTLER
MELISSA EDDY
v |_; oย m;u o= ;ย |ัด;u ย 1_-m]; uoย rฤท ฤท $obf- ;ย |ัด;u _-v lou; |_-m |ย o 7;1-7;v o= ;ย r;ub;m1; v|uย 1|ย ubm] -m7 7o1ย l;mเฆ m] u;-ัด -m7 r;uvom-ัด ruor;u|ย ;ย 1_-m];vฤบ "_; _-v oย ;uv;;m lou; |_-m ฦ ฦ ฤทฦ ฦ ฦ ;ย 1_-m];vฤท u-m]bm] bm vbย ; =uol ลชัตh ล ลชฦ ฦ ฦ lฤบ beutlerexchangegroup.com
-เฆ ย ; o= ;-u_-u|ฤท ;ัดbvv- 77ย ฤฝv ัดoย ; =ou u;]om o-v| _-v h;r| _;u Culัดย -m1_ou;7 |_;u;ฤบ ย ;m =ou - m-เฆ ย ;ฤท ;ัดbvv-ฤฝv 1o-v|-ัด uoo|v ]o 7;;rฤบ ;u =-|_;u ย -v |_; _b;= o= oัดb1;ฤบ ;u 0uo|_;u v;uย ;v -v |_; |oย mฤฝv bu; _b;=ฤบ ubou |o _;u !;-ัด v|-|; 1-u;;uฤท ;ัดbvv- ย ouh;7 ruoloเฆ m] |_; -u;- =ou |_; ";-vb7; _-l0;u o= oll;u1;ฤบ $_ov; v;;hbm] - 0;-1_ _ol; bm ;-u_-u|ฤท -mmom ;-1_ฤท ou ";-vb7; -u; _-u7ล ru;vv;7 |o Cm7 -mย om; ย _o hmoย v |_; u;]bom 0;ย ;u |_-m ;ัดbvv-ฤบ beachhomerealtor.com
CHAD WALSH
DARREN BALOGH
_-7 )-ัดv_ bv - =u;;ัด-m1; ย ub|;u -m7 ;7b|ou ย _o 1oย ;uv ou|ัด-m7ฤฝv =oo7 -m7 u;-ัด ;v|-|; 0;-|vฤบ )_;m _;ฤฝv mo| ย ubเฆ m] ล ย _b1_ bvmฤฝ| o[;m ล _;ฤฝv ;b|_;u fo]]bm] |_uoย ]_ ou;v| -uhฤท 1oohbm] ou |uย bm] |o 0-ัด-m1; 1_;1hbm] oย | m;ย u;v|-ย u-m|v -m7 =u;tย ;mเฆ m] |_; om;v |_-| _-ย ; -ัดu;-7ย ย om _bl oย ;uฤบ chadwalshpdx.com
-uu;m _-v 0;;m bm lou|]-]; ัด;m7bm] =ou ฦ ัถ ย ;-uvฤท -m7 bv ruoย 7 |o 0; - vย rrou|;u o= |_; " ou|ัด-m7 1ollย mb|ย ฤบ bv oL1;v _-ย ; 0;;m ัดo1-|;7 -| ฦ ฦ |_ -m7 -ย |_oum; =ou ฦ ฦ ย ;-uvฤบ bv ]o-ัด bv =ou ย oย u _ol; rย u1_-v; ou u;Cm-m1; |o 0; - 1-u;=u;; ;ย r;ub;m1;ฤบ ;ฤฝัดัด l-|1_ ย oย ย b|_ |_; 0;v| ัดo-m ruo]u-lฤท -ัดom] ย b|_ - u-|; -m7 =;; v|uย 1|ย u; |_-| ย oย 1-m =;;ัด ]oo7 -0oย |ฤบ pmrloans.com/mortgage-loans-nw
DARIUS KUZMICKAS
KELLEY GARDINER
oum bm b|_ย -mb-ฤท r_o|o]u-r_;u -ubย v ย ย lb1h-v bv 1ย uu;m|ัดย 0-v;7 bm ou|ัด-m7ฤท u;]omฤบ )b|_ ;ย r;ub;m1; -v -m -uเฆ v| -m7 -u1_b|;1|ฤท -ubย v 0ubm]v ย mbtย ; ย bvbom |o l-hbm] ย b0u-m| -m7 7;v1ubrเฆ ย ; bl-];v o= -u1_b|;1|ย u; -m7 bm|;ubou 7;vb]mฤบ bv -u1_b|;1|ย u-ัด r_o|o]u-r_ย ย ouh _-v 0;;m v;;m bm lย ัดเฆ rัด; rย 0ัดb1-เฆ omv -uoย m7 |_; ย ouัด7ฤบ kudaphotography.com
;ัดัด;ย -u7bm;u bv - ย ub|;uฤท 0ัดo]];u -m7 |_bu7 ];m;u-เฆ om u;]omb-mฤบ )_;m v_;ฤฝv mo| ย ubเฆ m] ou rัด-ย bm] ย b|_ _;u |o77ัด;uฤท v_;ฤฝv |-1hัดbm] ruof;1|v bm _;u Cย ;uล ย rr;u bm -uhuov; ;b]_|vฤบ _;1h oย | _;u ย ouhฤท kelleygardiner.com
6 โ ข ALL THINGS REAL ESTATE magazine
FEATURES
Ńś
Beach & Vacation Properties u;-l 1ol; |u†;Ě †‹bm] om |_; u;]om o-v|
Ć?Ć‘
Is Portland’s Housing Market as Bad as You Think it Is?
;-1_ Ĺ&#x; (-1-াom uor;uা;vġ rÄş Ńś
+;vġ 0†| b|Ľv mo| -ѴѴ 7ool -m7 ]Ѵool
Ć?Ńľ
Remodeling Loans )_-| |o hmo‰ 0;=ou; ‹o† Cm-m1; - remodel
Ć?Ńś
Living in Lents ou|Ń´-m7Ä˝v o†|vhbu|v -u; 0;1olbm] |_; m;Š| rŃ´-1; |o loˆ;Äş
Ć‘Ć‘
SECTIONS
Ć‘Ńś Crave
$-h; b| o†|7oouvĴ ѴѴ |_bm]v v†ll;u ;m|;u|-bmbm]
bˆbm] bm ;m|vġ rÄş Ć?Ńś
Ć’Ć?
June Events )_-|Ľv _-rr;mbm] bm ou|Ѵ-m7 this month?
Outdoor Living Profile Ĺ&#x; ‰b|_ bvাѴv -m7v1-r; Ĺ&#x; ;vb]m
Ć‘Ńľ
What Every Real Estate Investor Needs to Know
“Don’t picture your furniture in the house until you have an accepted offer. Don’t compromise on your top three items. Don’t buy a house because your friends are doing it.“ ĹŒ _-m7u- v_=ou7ġ $_bmh !;-Ń´|‹ġ rÄşĆ?Ć’
Ć?Ć?Ć’Ć? bh; bm7 Š1_-m];v
JUNE 2016 • 7
BEACH & VACATION PROPERTIES
1oย ย 1oย -];v bm =ub;m7ัดย |oย mv |o vr-ล 1boย vฤท ;ัด;]-m| _ol;v bm ]-|;7 1ollย ล mbเฆ ;vฤท - ย -ub;|ย o= _oย v;v -u; u;-7ย =ou new owners.
dream come true: 4 Buying on the Oregon Coast Text by Melissa Eddy $_; voย m7 o= o1;-m ย -ย ;v u;-1_bm] |_; v_ou;ฤธ |_; vb]_| o= 0-ัด7 ;-]ัด;vฤท 0uoย m r;ัดb1-mv -m7 |ย [;7 rย Lmv Yย bm] oย ;u_;-7ฤธ 0u;-|_|-hbm] ย bv|-vฤธ l-f;vเฆ 1 =ou;v|vฤน $_;ย -u; -ัดัด r-u| o= |_; ;m1_-m|l;m| o= |_; ou|_ u;]om Coast. m |_; lb77ัด; o= uย v_ล _oย u |u-L1 ou 7ย ubm] - _;1เฆ 1 0ย vbm;vv 7-ย ฤท |_; b7;- o= |-hbm] - 7;;r 0u;-|_ o= =u;v_ฤท v-ัด|ย air may seem impossible. So, too, may |_; 7u;-l o= vol;7-ย oย mbm] - 0;-1_ house for weekend escapes, family ]-|_;ubm]v ou ล v_oย ัด7 ย oย 7-u; 1omvb7;u b|ฤตล u;เฆ u;l;m| ัดbย bm]ฤบ ย | |_; 7u;-l u;-ัดัดย bv rovvb0ัด;ฤท -m7 |_;u;ฤฝv mo 0;ย ;u เฆ l; |o v|-u| ัดoohbm] |_-m moย ฤท ย _;m _ol;v bm m;-uัดย ;ย ;uย rub1; u-m]; -u; -ย -bัด-0ัด;ฤบ
8 โ ข ALL THINGS REAL ESTATE magazine
$-h; -m bm|;u;v| bm |_; bm|;u;v| u-|;ฤบ ou|]-]; u-|;v -u; 1ย uล rently low, and that means your 7oัดัด-u ย bัดัด ]o =ย u|_;u =ou |_-| 7u;-l ย -1-เฆ om _ol; ย oย lb]_| _-ย ; om1; |_oย ]_| ย -v oย | o= u;-1_ฤบ
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ย rัดou; |_; 1o-v|-ัด 1ollย mbเฆ ;vฤบ o1-เฆ om bv ;ย ;uย |_bm]ฤท vo vr;m7 - ัดbย ัด; เฆ l; bm |_; ัดo1-ัด bm7 - _ol; |_-| C|v ย oย u North Coast towns. Each has its own ro1h;|0oohฤบ While Portland area _ol; rub1;v -u; vhย uo1h;เฆ m]ฤท |_; r;uvom-ัดb|ย -m7 -7ย -m|-];vฤบ +oย lb]_| _ol;v om |_; ou|_ o-v| 1omเฆ mย ; |o ru;=;u |_; 1oย ย ฤท u;vou|ล v|ย ัด; -l0b-m1; u;Y;1| |_;bu |uย ; ย -ัดย ;ฤบ $_;u;ฤฝv - v|;-7ย o= -mmom ;-1_ฤธ |_; =-lbัดย =ย m o= ";-vb7;ฤธ |_; tย b;| u;vb7;mเฆ -ัด m;b]_0ouล l-uh;| bm -ัดัด rub1; u-m];vฤบ _oo7v o= ;-u_-u|ฤธ |_; Cv_bm] ย bัดัด-]; o= )-uu;m|omฤธ ou |_; ย u0-m Y-bu o= !;ัดย om -m ;ย r;ub;m1;7 !;-ัดยฎ v|oub-ฤบ ";ย ;u-ัด -u;-v -ัดvo ัด;m7 |_;lล |ou ฤบ North Coast professional v;ัดย ;v |o o1;-m =uom| ัดbย bm] om ัด-u]; u;-ัด ;v|-|; 0uoh;uv ัดbย ; bm -m7 hmoย |_; 1ollย mbเฆ ;v ย _;u; |_;ย v;ัดัดฤบ ัดo|v ย _;u; ย bัด7ัดb=; 1-m 0; ย b;ย ;7 =uol your front window. $_;ย ย bัดัด ย ouh ย b|_ 0ย ย ;uv |o Cm7 |_; ub]_| _ol; bm |_; ub]_| ัดo1-เฆ om -| |_; _;1h oย | 1b|ย u;]ย ัด-เฆ omvฤบ If ub]_| rub1;ฤบ $_;ย -ัดvo 1-m 1omm;1| 0ย ย ล ย oย ฤฝu; |_bmhbm] -0oย | rย u1_-vbm] ;uv -m7 v;uย b1;v -m7 ruo7ย 1|v |o l-h; a beach home to rent out, be that home perfect. vย u; |o -vh _oย ย -1-เฆ om _ol; u;m|-ัดv -u; u;]ย ัด-|;7ฤบ -1_ |oย m _-v b|v oย m ัด-m moย |o v_orฤบ This is the ou7bm-m1;v -m7 u;tย bu;l;m|vฤธ vol; -u; 0ย ย bm] v;-vomฤบ ou; 0;-1_ stricter than others. _ol;v -u; -ย -bัด-0ัด; moย |_-m -| ;u; -u; ฦ ฦ เฆ rv |o ];| ย oย v|-u|;7ฤน
ฦ
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-mย เฆ l; 7ย ubm] |_; ย ;-uฤบ uol vl-ัดัดฤท
JUNE 2016 • 9
7
!;v;-u1_ ˆ-1-াom _ol; v;uˆb1;vÄş vh ‹o†u u;-Ń´ ;v|-|; -];m| about assistance with yard or interior maintenance of your beach _ol;v ‰_;m ‹o†Ľu; mo| |_;u;Äş -m‹ Ń´o1-Ń´ 0†vbm;vv;v -u; -ˆ-bŃ´-0Ń´; |o l-h; v†u; ‹o†u 0;-1_ ˆ-1-াomv -u; _-vĹŠ vŃ´;ĹŠ=u;;Äş
Ńś
omvb7;u l-hbm] |_; 0;-1_ ‹o†u r;ul-m;m| -77u;vvÄş $_; 1o-v|Ä˝v v;u;m;ġ r;-1;=†Ѵ ;mˆbuoml;m| 1-m 0; - ‰;Ń´1ol; u;=†]; =uol - 1b|‹Ľv _†v|Ń´; -m7 0†v|Ń´;Äş ˆob7 u†v_ _o†u -m7 work remotely on your computer while ]-ÂŒbm] -| |_; o1;-m =uol |_; ‰bm7o‰v of your new beach home.
ĹŒ ";-vb7; uoˆb7;m1; -m7 oѴ†l0b- ;loub-Ń´ ĹŒ -Ń´vo -u; Ń´o1-|;7 om |_; North Coast.
Ć?Ć?
!;Ѵ-Š -m7 |-h; - ‰-Ѵhĺ Most m;b]_0ou_oo7v -u; ‰b|_bm ‰-Ѵhbm] 7bv|-m1; o= 1o@;; shops, restaurants and shops. Access to spectacular beaches is easy from -m‹‰_;u;ĺ uġ _bh; -Ѵom] m†l;uo†v r-|_v l;-m7;ubm] |_uo†]_ |_; ‰oo7vĺ
$_; -u;-Ä˝v 0;-Â†ŕŚž=†Ѵ v|-|; r-uhv -Ѵ‰-‹v 0;1homÄş ˆ-ub;|‹ o= u;1u;-াom-Ń´ orĹŠ াomv ;Šbv| ‰b|_bm lbm†|;v o= -m‹ _ol; on the North Coast. ‰mbm] - _ol; -| |_; 0;-1_ 7o;vmÄ˝| _-ˆ; |o 0; - 7u;-lÄş u;-|; |_; u;-Ń´b|‹ 0‹ ˆbvbাm] |_; ou|_ o-v| -m7 |-Ń´hbm] to a RealtorÂŽÄş 0;-1_ _o†v; bv 7;CĹŠ mb|;Ѵ‹ bm ‹o†u =†|†u;Ä´
9
"-lrŃ´; |_; vr;1b-Ń´m;vvÄş Get to know how special the North Coast is. Art and entertainment orrou|†mbা;v -0o†m7ġ -v ‰;Ń´Ń´ -v ]-Ń´ĹŠ Ń´;ub;v ]-Ń´ou;ġ l†v;†lvġ =;vŕŚžÂˆ-Ń´v -m7 1;Ń´;0u-াomv ‹;-uĹŠuo†m7Äş $_;u;Ä˝v mo m;;7 |o ‰ouu‹ -0o†| lbvvĹŠ bm] -m‹|_bm] ‰_bŃ´; Ń´bˆbm] -| |_; 0;-1_Äş ";ˆ;u-Ń´ l-fou u;|-bŃ´;uv -u; Ń´o1-|;7 om |_; ou|_ o-v|ġ bm1Ѵ†7bm] ov|1oġ u;7 ;‹;u -m7 "-=;‰-‹ĸ _;-Ń´|_ =oo7 v|ou;vġ 0oÂ†ŕŚžt†;v -m7 - =-1|ou‹ o†|Ń´;| l-Ń´Ń´ -u; -ˆ-bŃ´-0Ń´;ġ |ooÄş $‰o _ovrb|-Ń´v
“
The coast’s serene, peaceful environment can be a welcome refuge from a city’s hustle and bustle.
“
10 • ALL THINGS REAL ESTATE magazine
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Don’t Do D on o n’’t tg ge get et
rid ri r id do of o f iit t-
Give Gi G iiv ve v eiiit e it! t!
PLANNING PL P LA L ANNING A R REMODEL? EMO OD DEL? W WE EC CA CAN AN HEL H HELP! EL E LP ! ReStore Re R eS e Store re Salvage Salvage S Se Service ervice will wiill deconstruct w de eccco onstrru uct y our kitchen kiittchen or or bath. bath. We’ll We ll tear te ea ar out ou utt and and sell sell your rreusable eusable cabinets, ca ab bi ne etts, appliances, app pllia an ncce es, windows, windows, do d oors and an nd d sinks siin nks - raising rra aising money money to to build builld d doors Habitat homes for H abiittat h ho om me es ffo or lo llocal ocal ffamilies. amiliess.
Home Ho H o om me IIm Improvement mp prro rov ov ve eme en n O Outlet uttlle ett e
PDXRESTORE.ORG P DX R E ES ST TO OR OR RE E.ORG POR RT TLAND
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C L A R K C O U N TY TY
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WAS W A S H I N G TO T O N C O U N TY TY
JUNE 2016 • 11
Is Portland’s Housing Market as
BAD as You Think it Is?
Yes, but it’s not all doom and gloom Text by Chad Walsh f you’re thinking about buying a new home in Portland — right now, you’ve likely already heard horror stories from your friends and family about how outright bonkers the housing market has become in just a few short years. ou|Ń´-m7Ä˝v ror†Ѵ-াom bv ]uo‰bm]ġ -m7 ‰bŃ´Ń´ 1omাm†; |o ]uo‰ĺ m =-1|ġ u;gon has led the way in welcoming expatriates from other states in each of the last two years. According to a 2015 Metro study, 66 percent of all loˆ;v bm u;]om ‰;u; l-7; 0‹ o†|ĹŠo=ĹŠv|-|;uvÄş m -ѴѴġ lou; |_-m _-Ń´= o= u;]omb-mv mo‰ _-bŃ´ =uol vol;rŃ´-1; ;Ń´v;Äş "াѴѴķ 7;vrb|; b|v 0;v| ;@ou|vġ |_; developer class hasn’t been able to keep †r ‰b|_ |_; 7;l-m7ġ ‰_b1_ l;-mv _ol; o‰m;uv_br bv -v 1olr;ŕŚžŕŚžÂˆ; -v it’s ever been, with pricier-than-ever homes. There’s a lot to know about buying a home in a seller’s market. You can 1;u|-bmѴ‹ -vh ‹o†u =ub;m7v _o‰ |_;‹ 1or;7ġ 0†| ‹o†Ľu; Ń´blbাm] ‹o†uv;Ń´= to a handful of isolated case studies. What you need is advice from the experts: the RealtorsÂŽ who are helping you — and scores of other PortŃ´-m7;uv ĹŒ Cm7 |_; _ol; |_-| l;;|v ‹o†u m;;7vÄş
So is the market really as bad as you think it is? Yes, says Think Realty’s Chandra Ashford. 12 • ALL THINGS REAL ESTATE magazine
Äž |Ä˝v -v 0-7 -v |_;‹ v-‹ġ -m7 ‰ouv;ġĿ v_; v-‹vÄş Äž); _-ˆ; -m bmY†Š o= 1-v_ 0†‹;uvġ 30,000-plus new people yearly, and a decent economy. Combine all that with a place that bv vাѴѴ |o†|;7 -v Äź|_; Ń´-v| -@ou7-0Ń´; 1b|‹ om the West Coast’ and you have a recipe for _;-u|-1_; -v - 0†‹;uĺĿ That same Metro study reports that between 2013 and 2014, 33,500 people moved to the Portland area, which is like absorbing the ror†Ѵ-াom o= -h; v‰;]o bm om; ‹;-uÄş ‰;Ń´Ń´ !;-Ń´|‹Ľv _ubv †bmmġ ġ -]u;;vÄş “The inventory of available housing remains vroh;m o= bm |;ulv o= ‰;;hvġ mo| lom|_vġĿ _; v-‹vÄş Äż$_; ˆ-1-m1‹ u-|; =ou u;m|-Ń´v u;l-bm insanely low — less than three percent. Quite simply, there are more people coming in than there is housing available, hence the term, Äź o†vbm] ubvbvĺĽ |Ä˝v u;-ѴġĿ _; v-‹vÄş "াѴѴķ v_=ou7 v-‹v |_;u;Ä˝v vাѴѴ _or;Äş Äž"|-াvা1-ѴѴ‹ vr;-hbm]ġ l-hbm] o@;uv -m7 v|-‹bm] at it means that eventually you will get an -11;r|;7 o@;uÄş ‰bŃ´Ń´ -Ń´vo v-‹ |_-| bm |_bv l-uket, more than ever, it pays to have a good RealtorŽġ -m7 - ]oo7 Ń´o1-Ń´ Ń´;m7;uĺĿ RealtorsÂŽ — and lenders work in tandem. $_bv vr;1b-Ń´ ‰ouhbm] u;Ń´-াomv_br _-v -Ń´Ń´o‰;7 them over the years to develop a strong sense of mutual trust. Äž _-ˆ; _-7 o@;uv -11;r|;7 ĹŒ ‰b|_ most things being equal — because the other [lending] agent knew me and could sell their 1Ń´b;m|v om o†u r-v| ;Šr;ub;m1;vġĿ †bmm v-‹vÄş Äž ˆ;u‹ Ń´b‚Ѵ; 0b| _;Ń´rvĺĿ Ashford has had the same experience. Äž = l‹ o@;u bv ;Š-1|Ѵ‹ |_; v-l; -v -mother of=;u 0†| _-ˆ; ‰ouh;7 ‰b|_ |_; -];m| 0;=ou;ġ ou |_; -];m|v hmo‰v l‹ Ń´;m7;uġĿ v_; ;ŠrŃ´-bmvġ Äž0oolġ ‰; _-ˆ; - 0;‚;u 1_-m1; o= ];মm] -11;r|-m1;ĺĿ
Are you crazy for trying to enter the market now? Ğğ l 1u-ÂŒÂ‹Ä˝Äż ĹŒ sounds like a personal t†;vাomġ 0†| -Ѵ‰-‹v ‰-um l‹ 0†‹;uv |o mo|
0; _o†v; roouġĿ v_=ou7 v-‹vÄş Äž = r-‹bm] units to be built, and more than a - lou|]-]; l;-mv ‹o† 1-mÄ˝| ]o o†| t†-u|;u o= |_ov; -u; 7;vb]m-|;7 =ou |o ;-| ou |-h; - ˆ-1-াom om o11-vbomġ vbm]Ń´;ĹŠ=-lbѴ‹ _ol;vÄş |_;m ‹;vġ ‹o† -u; 1u-ÂŒÂ‹ÄşÄż [;u -ѴѴġ bv ‹o†u _ol; u;-ѴѴ‹ -@ou7-0Ń´; b= ‹o†Ľu; vr;m7bm] -m _o†u ou |‰o bm |u-L1 ;-1_ ‰ouh7-‹ -m7 vr;m7bm] _†mĹŠ 7u;7v o= 7oŃ´Ń´-uv ;-1_ lom|_ om ]-voĹŠ Ń´bm; |o ];| |o -m7 =uol ‹o†u fo0Äľ
Äž!b]_| mo‰ r;orŃ´; -u; oˆ;uĹŠr-‹bm] =ou _o†vbm] -v - l-‚;u o= m;1;vvb|‹ ou 1_ob1;ġĿ †bmm v-‹vÄş Äž |Ä˝v omѴ‹ 1u-Œ‹ b= Œ‹o†œ 7omÄ˝| m;;7 v_;Ń´|;u 0;1-†v; ;b|_;u ‰-‹ġ b|Ä˝v ]omm- 0; 1ov|Ѵ‹ĺĿ “The nature of real estate is cyclical, -m7 ub]_| mo‰ ou|Ń´-m7 bv _o| =ou - ˆ-ubĹŠ ety of reasons,â€? he adds, “but primarily b|Ä˝v ]oo7 oŃ´7 v†rrѴ‹ ÂˆÄş 7;l-m7ĺĿ
Should you buy now or continue to wait — and save? v_=ou7 v-‹v ‹o† |_; 0;v| াl; |o 0†‹ bv ‰_;m |_; b7;- o= 0†‹bm] Cuv| rorv bm your head. Äž -7ˆbv; l‹ 0†‹;uv |o 7o |‰o |_bm]vġĿ v_; v-‹vÄş Äž buv| |-Ń´h |o u;Ń´-ŕŚžÂˆ;v -m7 borrow money from them now so that |_;‹ 1-m _-ˆ; Ć‘Ć? r;u1;m| 7o‰m -v |_-| bv ‰_;u; ‹o† ‰bŃ´Ń´ v-ˆ; lom;‹ĺĿ "_; -Ń´vo v†]];v|v =ou]obm] rubˆ-|; lou|]-]; bmv†u-m1;ġ ‰_b1_ ‰bŃ´Ń´ mo| omѴ‹ v-ˆ; ‹o† |_o†v-m7vġ 0†| l-h; ‹o†u o@;u lou; 1olr;ŕŚžŕŚžÂˆ;ġ |ooÄş Äž";1om7ġĿ v_; ]o;v omġ Äž0†‹ - _o†v; that can weather a down market. If you 1-Ń´Ń´ |_bv ‹o†u Äźv|-u|;u _ol;Ä˝ -m7 1-mmo| bl-]bm; v|-‹bm] |_;u; =ou lou; |_-m |‰o ‹;-uvġ |_;m b| bvmÄ˝| - ]oo7 bmˆ;v|ĹŠ ment.â€? [;u -ѴѴġ ;ˆ;m b= ‹o† h;;r -Ń´Ń´ ‹o†u Cm];uv 1uovv;7 -m7 |_; l-uh;| 1u-v_;v -]-bmġ ‹o†ĽѴѴ 0; v|†1h |_;u;Äş †| hmo‰ |_bvÄš ˆ;m ‰b|_ - v‰;Ń´Ń´bm] ror†Ѵ-াomġ ;|uo v-‹v |_-| 1†uu;m| ÂŒombm] Ń´-‰v bm7b1-|; |_-| |_;u;Ä˝v vাѴѴ uool =ou -mo|_;u Ć“Ć?Ć?ġĆ?Ć?Ć? _o†vbm]
Does buttering up the seller really work?
Äž$_;u; bv mo v†u;ĹŠCu; ‰-‹ |o l-h; - v;Ń´Ń´;u 1_oov; - 0†‹;uġ vbm1; |_; _b]_;v| o@;u bv o[;m |_; ‰bmm;uġĿ †bmm v-‹vÄş Äž o‰;ˆ;u _-ˆ; v;;m ğѴoˆ; Ń´;‚;uvÄ˝ 7o wonders.â€? “Do you foster kids?â€? Ashford asks. “Great, tell the seller that. Are you a teacher? Let them know; maybe their lol ‰-v - |;-1_;uÄş )_-|;ˆ;u ‹o† _-ˆ;ġ ‹o† v_o†Ѵ7 |u‹ |o †v;ġ ‰b|_o†| 0;bm] †m|u†|_=†Ѵ ou v_-ubm] |_bm]v |_-| make you uncomfortable.â€?
"_; ;vাl-|;v |_-| Ć–Ć” r;u1;m| o= _;u 0†‹;uv -u; ]Ń´-7 |_-| |_;‹ 0o†]_| |_;bu homes, because, as she puts it, “There is Ń´b‚Ѵ; |_-| 1olr-u;v |o _ol;o‰m;uv_brĺĿ
What else RealtorsÂŽ like Ashford and Guinn want you to know: +o† v_o†Ѵ7 _-ˆ; ;mo†]_ lom;‹ v-ˆ;7 |o l-h; ‹o†u _ol;Ä˝v Ć‘Ć? percent down payment cost.
Guinn says you can also “sweeten o@;uvÄż 0‹ ‰-bˆbm] 1ov|v Ń´bh; bmvr;1াomv ou o@;ubm] Äžv;Ń´Ń´;u rovv;vvbomÄż -[;u |_; sale.
mo‰ ‹o†u m;;7vÄş = ‹o† _-ˆ; -m †m0ub7Ń´;7 Ń´o-|_bm] =ou ‹-u7 ‰ouhġ ‹o† ruo0-0Ѵ‹ 7omÄ˝| ‰-m| - _ol; ‰b|_ - 0b] ‹-u7Äş bh;ĹŠ ‰bv;ġ b= ‹o† _-ˆ; - hb7ġ ou |_u;;ġ ‹o†Ľu; Ń´bh;Ѵ‹ ]obm] |o ‰-m| - ‹-u7Äş = |_-|Ä˝v |_; 1-v;ġ 7omÄ˝| ;ˆ;m 0o|_;u ‰b|_ - _ol; |_-| _o]v b|v ;mাu; Ń´o|Äş
“Many sellers turn into buyers upon v;Ń´Ń´bm] -m7 =-1; |_; v-l; v|u†]]Ń´;v o= Cm7bm] - v†b|-0Ń´; u;vb7;m1;ġĿ _; v-‹vÄş
Ń´oou rŃ´-mv -u; blrou|-m|Äş †mh‹Ľv 1ooѴġ 0†| omѴ‹ b= =†mh‹ bv -Ń´vo =†m1াom-Ń´Äş
In the end, he says, the best way |o ru;r-u; ‹o†uv;Ń´= =ou |_; _o†vbm] l-uh;| bv |o ];| -Ń´Ń´ ‹o†u 7†1hv bm - uo‰ĺ ;| ru;ĹŠ-rruoˆ;7Äş omÄ˝| 0;Ń´b;ˆ; |_-| 1-v_ 1-uub;v |_; lov| 1-1_;ĸ b|Ä˝v mo| -v u-u; -v b| om1; ‰-vÄş vh Ń´o|v o= t†;vĹŠ াomv -m7 u;-ѴѴ‹ Ń´bv|;m |o |_ov; -mv‰;uvÄş
o1-াom bv blrou|-m|ġ |ooġ 0†| vo bv u;-Ń´b|‹ĺ = ‹o† ‰-m| |o Ń´bˆ; vol;‰_;u; 1Ń´ov; bmġ ‹o†Ľu; ]obm] |o r-‹ - Ń´o| lou; =ou - home than you would if you decide to buy further east.
Äž ; Y;Šb0Ń´;ġ 0†| 7omÄ˝| f†v| v;‚Ѵ; =ou -m‹|_bm] o†| o= r†u; 7;vr;u-াomġĿ †bmm -77vÄş Äž -া;m1; bv vাѴѴ h;‹ĺ o |_;v; |_bm]v -m7 ‹o† ‰bŃ´Ń´ _-ˆ; - 0;‚;u chance of success.â€?
omÄ˝| 0; -=u-b7 |o Ń´ooh -| homes that cost as much as ĹŞĆ’Ć?ġĆ?Ć?Ć? under your ideal price robm|Äş +o† lb]_| 0; ;Š1Ѵ†7bm] - whole host of homes you could f†v| -v ;-vbѴ‹ =-Ń´Ń´ bm Ń´oˆ; ‰b|_Äş
v_=ou7 o@;uv vblbŃ´-u ‰bv7ol‹ r;-uŃ´vÄş Äž omÄ˝| ];| ‹o†u _;-u| 0uoh;mġĿ v_; v-‹vÄş Äž omÄ˝| rb1|†u; ‹o†u =†umb|†u; bm |_; _o†v; †mাѴ ‹o† _-ˆ; -m -11;r|;7 o@;uÄş omÄ˝| 1olruolbv; om ‹o†u |or |_u;; b|;lvÄş omÄ˝| 0†‹ - _o†v; 0;1-†v; ‹o†u =ub;m7v -u; 7obm] b|Äş mo‰ |_-| ‰_;m you look at houses you should wear vŃ´br o@ v_o;vġ -m7 |_-| b| bv †v†-ѴѴ‹ oh-‹ to use the bathroom.â€?
-ˆ; =†mÄş +o†Ľu; v_orrbm] =ou - home to make a life in. Yes, you may not be able to win your Cuv| 1_ob1;ġ ou ;ˆ;m ‹o†u |_bu7ġ 0†| b= ‹o† vা1h ‰b|_ b|ġ ‹o†Ľu; ]obm] |o Cm7 |_; _ol; |_-| works for you and meets your needs.
JUNE 2016 • 13
14 • ALL THINGS REAL ESTATE magazine
JUNE 2016 • 15
|_; Ń´;vv;u o=Äš Ć?Ĺ‘ r†u1_-v; rub1; -m7 1ov| o= u;moˆ-াomġ ou Ć‘Ĺ‘ |_; Äž vĹŠ olĹŠ rŃ´;|;7Äż ˆ-Ѵ†;Äş
the
Maximum Loan-To-Values (LTV):
&
on RENOVATION REMODELING LOANS Text by Darren Balogh †‹;uv o[;m 1ol; |o l; ‰b|_ - _o†v; |_;‹Ľu; bm|;u;v|;7 bm 0†‹bm] bm |_; r;u=;1| m;b]_0ou_oo7Äş †| ;b|_;u b|Ä˝v 0-mh o‰m;7ġ -m7 |_; 0-mh ‰omÄ˝| 7o -m‹ u;r-buvġ ou |_; _ol; m;;7v vol; 7u-l-া1 u;moˆ-াomvġ -m7 |_; 0†‹;uv ‰o†Ѵ7mÄ˝| _-ˆ; |_; =†m7v |o 7o |_ov; u;moˆ-াomv -[;u 1Ń´ovbm]Äş Ń´|_o†]_ |_; Ć‘Ć?Ć’Ĺ?hĹ‘ Ń´o-m _-v 0;;m -uo†m7 =ou - ‰_bŃ´;ġ -mmb; -;Ä˝v HomeStyleÂŽ Ń´o-m o@;uv - ]u;-| 1omˆ;mĹŠ াom-Ń´ -Ń´|;um-ŕŚžÂˆ;Äş
B
“
loan balance. The loan amount is based om |_; Äž-vĹŠ1olrŃ´;|;7Äż ˆ-Ѵ†; o= |_; _ol; u-|_;u |_-m |_; ru;v;m| ˆ-Ѵ†;Äş $_; "! lou|]-]; 1-m -Ń´vo 0; 7om; -v - u;Cm-m1;ġ 0†| ‰omÄ˝| 0; 1oˆ;u;7 _;u;Äş
The details: ĹŽ o-m $‹r;ņ$;ulÄš Ć?Ć” -m7 Ć’Ć?Ŋ‹;-u bŠ;7 !-|; ou|]-];v -m7 -Ń´Ń´ ;Ń´b]bĹŠ ble ARM products. ĹŽ uor;u|‹ -m7 !;moˆ-াom Ń´b]bĹŠ 0bŃ´b|‹Ě m;ĹŠ |o =o†uŊ†mb| rubm1br-Ń´ u;vb7;m1;vġ om;Ŋ†mb| v;1om7 _ol;vġ ou om;Ŋ†mb| bmˆ;v|ou ruor;uা;v bm1Ѵ†7bm] †mb|v bm 1om7ovġ 1oĹŠorvġ -m7 & vÄş o l-m†=-1|†u;7 _o†vbm]Äş m‹ |‹r; o= u;moˆ-াom ou u;r-bu bv ;Ń´b]b0Ń´;ġ -v Ń´om] as it is permanently afĹŠ CŠ;7 |o |_; ruor;u|‹ -m7 -77v ˆ-Ѵ†;Äş !;moˆ-াomv should be completed ‰b|_bm - |‰;Ń´Âˆ;ĹŠlom|_ period from the date the lou|]-]; Ń´o-m bv 7;Ń´bÂˆĹŠ ered.
The HomeStyleÂŽ Renovation (HSR) mortgage is a single-close loan that enables borrowers to purchase a home that needs repairs, and include the necessary funds for renovation in the loan balance.
“
The HomeStyleÂŽ !;moˆ-াom Ĺ? "!Ĺ‘ lou|]-]; bv - vbm]Ń´;ĹŠ1Ń´ov; Ń´o-m |_-| enables borrowers to purchase a home that needs repairs, and include the m;1;vv-u‹ =†m7v =ou u;moˆ-াom bm |_; 16 • ALL THINGS REAL ESTATE magazine
Who can borrow?
Ń´b]b0Ń´; 0ouuo‰;uv bm1Ѵ†7; bm7bˆb7†-Ń´ _ol;0†‹;uvġ bmˆ;v|ouvġ momruoC| ou]-mbÂŒ-াomvġ ou Ń´o1-Ń´ ]oˆ;uml;m| -];m1b;vÄş ou r†u1_-v; |u-mv-1াomvġ Ń´o-mĹŠ|oĹŠÂˆ-Ѵ†; Ĺ? $(Ĺ‘ u-াo bv 0-v;7 om
ĹŽ m;Ŋ†mb| rubm1br-Ń´ u;vb7;m1; |o ƖƔѡ $(ĸ Ć–Ć?ѡ ‰b|_ ! ĹŽ $‰oŊ†mb| rubm1br-Ń´ u;vb7;m1; |o ќƔѡ $(ĸ ƕƔѡ ‰b|_ ! ĹŽ $_u;;ĹŠ -m7 =o†uŊ†mb| rubm1br-Ń´ u;vĹŠ b7;m1; |o ƕƔѡ $(ĸ ѾƔѡ ‰b|_ ! ĹŽ m;Ŋ†mb| v;1om7 _ol;v |o Ć–Ć?ѡ $(ĸ ŃśĆ?ѡ ‰b|_ ! ĹŽ m;Ŋ†mb| bmˆ;v|l;m| ruor;uা;vÄš †u1_-v; †r |o ќƔѡ $(ņ $(ņ $( ‰b|_ ! ĸ ƕƔѡ ‰b|_ ! ĹŽ "†0ou7bm-|; bm-m1bm]Äš "|-m7-u7 v†0ou7bm-|; Cm-m1bm] -m7 oll†Ŋ mb|‹ ";1om7v -u; r;ulb‚;7Äş ĹŽ -ÂŒ-u7 -m7 ou|]-]; mv†u-m1;Äš ouuo‰;u l†v| _-ˆ; _-ÂŒ-u7 bmv†uĹŠ -m1; bm rŃ´-1; |o 1oˆ;u |_; ;vাl-|;7 -vĹŠ1olrŃ´;|;7 ˆ-Ѵ†; o= |_; _ol; -=ĹŠ |;u u;moˆ-াomÄş ou|]-]; mv†u-m1;ġ b= u;t†bu;7 0-v;7 om $(ġ l†v| 0; bm rŃ´-1; 0;=ou; 1Ń´ovbm]ġ -m7 1oˆ;u-]; bv 0-v;7 om |_; ;vাl-|;7 ˆ-Ѵ†; o= |_; _ol; -[;u u;moˆ-াomÄş
How to choose a contractor with an HSR: ĹŽ ouuo‰;u l†v| 1_oov; _bv ou her own contractor to perform the u;moˆ-াomÄş ĹŽ ;m7;u l†v| u;ˆb;‰ |_; 1om|u-1ĹŠ tor hired by the borrower to deterĹŠ lbm; b= |_;‹ -u; -7;t†-|;Ѵ‹ t†-Ń´bC;7 -m7 ;Šr;ub;m1;7 =ou |_; ‰ouh 0;bm] performed. ĹŽ ouuo‰;uv l†v| _-ˆ; - 1omv|u†1ĹŠ াom 1om|u-1| ‰b|_ |_;bu 1om|u-1|ouÄş -mmb; -; _-v - lo7;Ń´ omv|u†1ĹŠ াom om|u-1| ĹŽ Ń´-mv -m7 vr;1bC1-াomv l†v| 0; ru;r-u;7 0‹ - u;]bv|;u;7ġ Ń´b1;mv;7ġ
ou 1;uঞC;7 ];m;u-Ѵ 1om|u-1|ouķ u;mo -ঞom 1omv Ѵ|-m|ķ ou -u1_b|;1|ĺ $_; rѴ-mv -m7 vr;1bC1-ঞomv v_o Ѵ7 fully describe all work to be done -m7 ruo b7; -m bm7b1-ঞom o= _;m -ubo v fo0v ou v|-];v o= 1olrѴ;ঞom bѴѴ 0; v1_;7 Ѵ;7 Őbm1Ѵ 7bm] 0o|_ |_; v|-u| -m7 fo0 1olrѴ;ঞom 7-|;vőĺ
Can you DIY? Yes, buyers can do some of the work: Ŏ ouuo ;uv 1-m r;u=oul |_; u;mo -ঞom ouh |_;lv;Ѵ ;v -| |_; Ѵ;m7;uĽv 7bv1u;ঞomķ ruo b7;7 |_-|Ĺ Ŏ $_; oŊ |Ŋ+o uv;Ѵ= Cm-m1bm] 7o;v mo| ; 1;;7 ƐƏѷ o= |_; -vŊ1olŊ rѴ;|;7 -Ѵ ;ĺ o|;Ĺ mvr;1ঞomv -u; u;t bu;7 =ou -ѴѴ ouh b|;lv |_-| 1ov| lou; |_-m ŪƔķƏƏƏĺ Ŏ $_; ruor;u| bv - om;Ŋ mb| o mŊ ;uŊo11 rb;7 _ol;ĺ • The reimbursement is limited to the cost of materials or the cost of
properly documented contract labor Őv ;-| ;t b| l- mo| 0; u;blŊ bursed). Ŏ !;mo -ঞom ov|vķ - l;m| !;Ŋ v;u ;v -m7 omঞm];m1 !;v;u ;vĹ !;mo -ঞom 1ov|v -u; Ѵblb|;7 |o ƔƏѷ of the “as completed” appraised -Ѵ ; o= |_; _ol;ĺ
Renovation costs may include: • Labor and materials Ŏ "o[ 1ov|v Ő-u1_b|;1| =;;vķ r;ulb|vķ licenses) Ŏ omঞm];m1 !;v;u ; ŐƐƏѷ o= |_; 1ov| o= Ѵ-0ouķ l-|;ub-Ѵvķ -m7 vo[ 1ov|v =ou m=ou;v;;m ; |u- 1ov|v bm |_; u;mo -ঞomőĺ $_; ƐƏѷ 1omঞmŊ ];m1 u;v;u ; bv orঞom-Ѵ mѴ;vv |_; ruor;u| bv - ƑŊ |o ƓŊ mb| _ol;ĺ Ŏ r- l;m| u;v;u ; o= r |o vb lom|_v $ bv r;ulb ;7 _;m |_; 0ouuo ;u l v| -1-|; |_; ruor;u|
7 ubm] u;mo -ঞomĺ $_; -lo m| 1-m 0; Cm-m1;7 bm |_; Ѵo-m -lo m| b= |_; -Ѵ ; bѴѴ v rrou| v 1_ Cm-m1Ŋ bm]ĺ $_; u;v;u ; bv -ѴѴo ;7 omѴ =ou the period in which the property is mbm_-0b|-0Ѵ; 7 ; |o |_; u;mo -Ŋ ঞomvĺ Ŏ 1omঞm];m1 u;v;u ; o= ƐƏѷ o= |_; _-u7 -m7 vo[ u;mo -ঞom 1ov|v bv u;t bu;7 =ou | o |o =o uŊ mb| ruor;uঞ;vĸ |_; 1omঞm];m1 u;v;u ; l- 0; Cm-m1;7 ou |_; 0ouuo ;u may fund it separately. $_;v; -u; |_; 1ollom t ;vঞomv u;Ŋ 1;b ; =uol 0 ;uv _;m |_; Ľu; Ѵoohbm] to either by a home that needs work or _;m |_; -m| |o u;lo7;Ѵ |_;bu ; bv|Ŋ bm] _ol; m - 1olr;ঞঞ ; !;-Ѵ v|-|; l-uh;|ķ b| r- v |o ];| 1u;-ঞ ;ĺ Ŗ ѴѴ -rrѴb1-ঞomv -u; v 0f;1| |o m7;u ubঞm] ] b7;Ѵbm;v -m7 -rruo -Ѵĺ o| -ѴѴ -rrѴb1-m|v bѴѴ t -Ѵb= ĺ !-|;vķ =;;vķ |;ulv -m7 ruo]u-lv -u; v 0f;1| |o 1_-m]; b|_o | moঞ1;ĺ ou 1om|-1| -m7 Ѵb1;mvbm] bm=oul-ঞom v;; r-]; ƒƐ bm |_; directory.
JUNE 2016 • 17
Text by Kelley Gardiner
aybe the goats are a harbinger of change. Just up the road from |_; =-v|ล ]uoย bm] ovล |;uล oย ;ัดัด m;b]_0ouล hood is Lents, a place ย _;u; 1_-m]; _-v been promised for a ัดom] เฆ l;ฤบ ;m|v _-vmฤฝ| -ัดย -ย v _-7 |_; 0;v| u;rย |-เฆ omฤบ ย | |_bm]v -u; ัดoohbm] 7b@;u;m| moย |_-m |_;ย ย ;u; fย v| - =;ย ย ;-uv -]oฤท -m7 |_ov; ัดom]ล ruolล bv;7 1_-m];v -u;mฤฝ| fย v| 1ovl;เฆ 1ฤบ Just between the Clackamas County ัดbm; -m7 oย ;ัดัดฤท =uol ัถฦ m7 |o ฦ ฦ ฦ |_ ย ;mย ;v -m7 0bv;1|;7 0ย |_; ฦ ฦ ฦ =u;;ล ย -ย ฤท ;m|v bv bm - ย mbtย ; rovbเฆ om -v |_; 1b|ย -uoย m7 b| -7fย v|v |o ]uoย |_ฤบ
18 โ ข ALL THINGS REAL ESTATE magazine
โ Lents has many assets that locals and newcomers alike can appreciate. It has |u-mvrou|-เฆ om orเฆ omvฤธ b|ฤฝv -@ou7-0ัด;ฤธ b|ฤฝv 0o|_ m;b]_0ouัดย -m7 bm|;um-เฆ om-ัด bm b|v 1ย ัด|ย u;ฤบ $_; ย b0; bv lou; vl-ัดัดล |oย m |_-m 0b]ล 1b|ย ฤธ -m7 ,;m];u -ul -m7 |_; m|;um-เฆ om-ัด -ul;uv -uh;| l-bmล |-bm ;m|vฤฝ -]ub1ย ัด|ย u-ัด |u-7bเฆ omฤทฤฟ v-ย v mm; -m]-mฤท ";mbou ollย mb1-เฆ om bu;1|ou =ou |_; ou|ัด-m7 ;ย ;ัดorl;m| ollbvvbom ล ล ฤบ ฤพ$_; |u-mv=oul-ล เฆ om o= ;m|v _-v 0;;m - ัดom] เฆ l; 1olbm] ล 0ย | b|v เฆ l; bv moย ฤบ ย u ]o-ัด bv |o l-bm|-bm ย _-|ฤฝv ย mbtย ; -m7 ]oo7 -0oย | |_; ;m|v m;b]_0ou_oo7 ล b|v 7bย ;uvb|ย ฤท _bv|ouย -m7 vl-ัดัดล |oย m -ย ล |_;mเฆ 1b|ย ล -m7 vย rrou| ruof;1|v |_-| o@;u - 0uo-7 -uu-ย o= _oย vbm] 1_ob1;vฤท v;uย b1;v -m7 u;|-bัดฤบฤฟ m7 tย b|; |_; -uu-ย b|ฤฝv 7;ย ;ัดorbm]ฤบ m oัด7 ัด-m7l-uh bv l-hbm] ย -ย =ou |_bv
7;ย ;ัดorl;m|ฤน $_; ;ย orr;u ;mmย ย bัดัด l-h; ย -ย =ou -@ou7-0ัด; _oย vล bm] -m7 l-uh;| u-|; -r-u|l;m|v ย b|_ ]uoย m7 Yoou u;|-bัดฤบ $_-|ฤฝv fย v| |_; v|-u|ฤบ ;m|v _-v ัดom] 0;;m om 0-v;0-ัดัดล ัดoย bm] ou|ัด-m7;uvฤฝ u-7-uvฤท ;vr;1b-ัดัดย vbm1; |_; ;-ย ;uv ัด;[ ย _-| ย -v om1; bย b1 "|-ล 7bย l bm ฦ ฦ ฦ ฦ ฤบ $_; bัดัดv0ouo orv -u; - _-rrย vย 0vเฆ |ย |;ฤท ;vr;1b-ัดัดย ย b|_ |_;bu vย 11;vv bm ย bmmbm] |_; ฦ ฦ ฦ ฦ ) เฆ |ัด; -m7 -ย ;u-]bm] oย ;u ฦ ฤทฦ ฦ ฦ =-mv -| ;-1_ _ol; ]-l;ฤบ ย | voomฤท ou|ัด-m7;uv ย omฤฝ| _-ย ; |o 0u-ย ; =u;;ย -ย |u-L1 |o l-h; b| |o -m ;ย ;mbm] -| |_; 0-ัดัดr-uhฤบ $_; ou|ัด-m7 b1hัด;vฤฝ or;mbm] 7-ย bv ย m; ฦ ฦ ฤท ฦ ฦ ฦ ัตฤท ย b|_ |_; 1oัดัด;];ล ัด;ย ;ัด |;-l bm |_; u;-| );v| ;-]ย ; l-hbm] |_;bu _ol; bm |_; m;ย ัดย u;moย -|;7 Walker Stadium in Lents.
JUNE 2016 • 19
]ub1†Ѵ|†u-Ń´ uoo|v u†m |_uo†]_ |_bv r-u| o= |o‰mġ -m7 |_;‹ Ń´bˆ; om |_uo†]_ ,;m];u -ul om ov|;uÄş o| f†v| -m †u0-m =-ul ĹŒ mo| |_-| |_-| ‰o†Ѵ7mÄ˝| 0;
“
The transformation of Lents has been a long time coming — but it’s time is now.
;mo†]_ -m7 rŃ´;m|‹ o= ‰ouh om b|v o‰m ĹŒ |_; =-ul o@;uv ;7†1-াom-Ń´ ruo]u-lv -m7 v†ll;u 1-lrvÄş $_; r†0Ń´b1 bv ;ˆ;m ‰;Ń´1ol; |o r-uা1br-|; bm ‰;;hѴ‹ ‰ouh r-uা;v 7†ubm] |_; ]uo‰bm] v;-vomġ vo |_; 0;m;C|v ]o 0o|_ ‰-‹vÄş
l-];v 0‹ _-uѴb; ,_;m] _o|o]u-r_‹
$_; -Ń´vo o‰mv |_; 0†bŃ´7bm] |_-| _o†v;v ,ob]Ń´_-†vġ - 0u;‰r†0 -m7 ;uĹŠ l-m u;v|-†u-m| |_-|Ä˝v 0;1olbm] - 7;vĹŠ াm-াom =ou vo†|_;-v| ou|Ń´-m7 r-u;m|v ‰_o 1-m rѴ†mh 7o‰m |_; Ń´b‚Ѵ; om;v -| |_; |u-bm |-0Ń´; -m7 ;mfo‹ - rbm|Äş †v| 1_;1h o†| |_; -Ń´;Äš - vbm]Ń´; _or brew dedicated to and named for the 7;ˆ;Ń´orl;m| 1ollbvvbom |_-| l-7; the brewery a reality. These “small |o‰mÄż -m1_ou u;v|-†u-m|v -u; f†v| |_; kind of business that the PDC and city _-ˆ; 0;;m ‰ouhbm] om =ou ‹;-uv bm |_;bu ˆbvbom =ou ;m|vÄş
uo7†1; =uol ,;m];u -ul bv voŃ´7 -| |_; ;m|v m|;um-াom-Ń´ -uh;|ġ - l-uĹŠ h;| †m7;u |_; ou|Ń´-m7 -ul;uÄ˝v -uh;| umbrella with a mission to support bllb]u-m| -m7 ;l;u]bm] =-ul;uvÄş m - "†m7-‹ loumbm] ‹o†ĽѴѴ v;; m;b]_0ouv r;u†vbm] †mbt†; ruo7†1; =uol lom]ġ -াmoġ -m7 !†vvb-m =-ul;uvÄş Just last year, Lents was named one o= |_; 1o†m|u‹Ľv ÄžĆ?Ć‘ m;b]_0ou_oo7v 1uovv l;ub1- $_-| u; 0o†| |o Ń´o‰ Upâ€? by Thrillist. They point out the creep of hip Portland to the south and east. ov|;uĹŠ o‰;ѴѴġ f†v| |o |_; ‰;v| o= ;m|vġ bv - v†77;mѴ‹ _o| -m7 _-rr;mbm] m;b]_ĹŠ borhood, and as prices and rents rise, b|Ä˝v omѴ‹ m-|†u-Ń´ |_-| _ol;o‰m;uv -m7 0†vbm;vv;v ‰bŃ´Ń´ ;Šr-m7 o†|‰-u7 -v ‰;Ń´Ń´Äş
Homes can be found on sale for ĹŞĆ?Ć•Ć?ġĆ?Ć?ĹŠĆ“Ć?ƖġĆ?Ć?Ć?ġ ‰b|_ l-m‹ 1olbm]
bm †m7;u ĹŞĆ‘Ć?Ć?Äş +o† ‰omÄ˝| v;; |_-| bm l-m‹ o|_;u ou|Ń´-m7 m;b]_0ou_oo7vġ -m7 ‹o† lb]_| mo| 0; v;;bm] |_ov; Ń´o‰ rub1;v _;u; ˆ;u‹ Ń´om]Äş $_; l;7b-m v-Ń´; rub1; bm -‹ Ć‘Ć?Ć?Ć” ‰-v ĹŞĆ?Ć–Ć?ġĆ?Ć?Ć?Äş $_; l;7b-m rub1; bm |_; m;b]_0ou_oo7 - ‹;-u Ń´-|;u bv ĹŞĆ‘Ć”Ć?ġĆ?Ć?Ć?ġ =oŃ´Ń´o‰bm] |_; trend in Portland. 11ou7bm] |o !;m| †m]Ń´;ġ rub1;v bm ;m|v -u; vাѴѴ -lom] |_; Ń´o‰;v| bm |_; 1b|‹ ĹŒ Ń´o‰;u |_-m |_; -ˆ;u-];ġ 0†| o|_;u ;ˆb7;m1; v_o‰v |_-| rub1;v -Ń´om] |_; ĹŠĆ‘Ć?Ć” 1ouub7ou -u; ubvbm] t†b1hѴ‹ĺ v o= ;0u†-u‹ġ -r-u|l;m|v ‰b|_bm Ć?Ć? lbŃ´;v o= |_; 1b|‹ -ˆ;u-];7 ĹŞĆ?Ć“Ć’Ć” - lom|_Äş m ;m|vÄľ ĹŞĆ?Ć?Ć–Ć?Äş
“
m7 -0o†| |_ov; ]o-|vÄš |_; Äž ;Ń´lom| ]o-|vÄż Ń´bˆ; bm ;m|v mo‰ġ -m7 =ou;v;;ĹŠ -0Ѵ‹ bm|o |_; Cuv| _-Ń´= o= Ć‘Ć?Ć?Ć•Äş ;b]_ĹŠ 0ouv bm ;m|v 1-m 7uor 0‹ -m‹ াl; |o ];| - ]Ń´blrv;ġ 0†| ˆbvb| 7†ubm] Äž]-|; _o†uvÄż |o ];| bmvb7; |_; r;mÄş oo7 Ѵ†1h ];মm] vm†]]Ń´;v =uol ]u†lr‹ -uŃ´Äş "ol; |_bm]v 1_-m];ġ 0†| mo| - v|†0ĹŠ 0oum ]o-|Äş
20 • ALL THINGS REAL ESTATE magazine
PARKS
;m|v bv om; o= |_; ัด-u];v| m;b]_0ou_oo7v bm ou|ัด-m7
3.75
SQUARE MILES
ล $ ! ล ! + " ! ล $ ! โ ข GLENWOOD PARK โ ข LENTS PARK
$ ! "
ล ฦ ฦ ฦ bh; -|_ ล "rubm] )-|;u ouub7ou $u-bัด Home to Portlandโ s only International Farmers Market: ฦ -lล ฦ rl ;ย ;uย "ย m7-ย =uol ย m;ล 1|o0;u
ZIP CODE
97266 534
TOTAL HOMES SOLD in 2015:
53 ) $+ SCORE
;m|v ย -v oub]bm-ัดัดย rัด-||;7 -v |_; $oย m o= ;m| bm ฦ ัถฦ ฦ -m7 ย -v -mm;ย ;7 bm|o |_; 1b|ย o= ou|ัด-m7 bm ฦ ฦ ฦ ฦ ฤบ
73 SCORE
$233,100
( &
HOME VALUES HAVE INCREASED
21.5%
IN THE PAST YEAR
1999: FRIENDS OF ZENGER FARM WAS ASSEMBLED. )b|_ oย ;u ฦ ฦ ฤทฦ ฦ ฦ ย bvb|ouv ล lov|ัดย v1_ooัด -]; 1_bัด7u;mล -mmย -ัดัดย ฤท |_bv 0ย vย rย 0ัดb1 =-ul bv ัดo1-|;7 ub]_| o== o= ov|;u !7ฤบ
JUNE 2016 โ ข 21
B
ฦ p ัดo
Q&A with Pistils LANDSCAPE DESIGN + BUILD
How long have you offered landscape + design services at Pistils? );ฤฝย ; o@;u;7 ัด-m7v1-r; 7;vb]m v;uล ย b1;v vbm1; bvเฆ ัดv ย uv;uย Cuv| v|-u|;7ฤท 0-1h bm ฦ ฦ ฦ ฦ ฤบ | v|-u|;7 bm=oul-ัดัดย ฤท -v - m-|ย u-ัด ;ย |;mvbom o= |_; mย uv;uย 0ย vbm;vvฤบ v |_; 7;l-m7 ]u;ย ฤท bvเฆ ัดv -m7v1-r; ;vb]m ฦณ ย bัด7 ย -v ;v|-0ล ัดbv_;7 ;b]_| ย ;-uv -]oฤบ
OVERLOOK HOUSE
Before
22 โ ข ALL THINGS REAL ESTATE magazine
What services do you offer? ); v|-u| 0ย o@;ubm] _b]_ัดย bmmoย -เฆ ย ; 7;vb]m v;uย b1;vฤท ย b|_ -m ;lr_-vbv om vย v|-bm-0ัด; ru-1เฆ 1;v -m7 - 1ัดov; 1oัดัด-0ou-เฆ om ย b|_ oย u 1ัดb;m|vฤบ )b|_ ;ย ;uย ruof;1| ย ; |-h; omฤท oย u ]o-ัด bv |o 1u;-|; vol;|_bm] |_-| bv ย _oัดัดย ย mbtย ;ฤท vr;1bC1 |o |_; 1ัดb;m|ฤฝv ย bvbomฤท -m7 friendly to our planet.
m; o= |_; |_bm]v |_-| v;|v ย v -r-u| bv oย u 1olru;_;mvbย ; ฤพ7;vb]mล 0ย bัด7ฤฟ ruo1;vvฤบ ); loย ; v;-lัด;vvัดย =uol oย u 1-u;=ย ัด 7;vb]m 7;ย ;ัดorl;m| bm|o - 7;|-bัดล oub;m|;7 bmv|-ัดัด-เฆ om ล ย ;ฤฝu; -0ัด; |o _-m7ัด; fย v| -0oย | ;ย ;uย ;ัด;l;m| o= - ัด-m7v1-r; u;moย -เฆ omฤบ ;u;ฤฝv - 0u;-h7oย m o= vol; o= ย _-| we do: ;vb]m v;uย b1;v bm1ัดย 7; vb|; 1omvย ัดล |-เฆ omฤท l-v|;u rัด-mvฤท _-u7v1-r; rัด-mvฤท rัด-mเฆ m] rัด-mvฤท 1omv|uย 1เฆ om 7u-ย bm]vฤท r;ulb| 7u-ย bm]vฤท ]u-7bm] rัด-mvฤท vb|; -m-ัดย vbvฤท ฦ ล lo7;ัดbm] -m7 ฦ ล -m7 ฦ ล 1oัดou u;m7;ubm]ฤบ mv|-ัดัด-เฆ om v;uย b1;v bm1ัดย 7; l-vomuย ฤท concrete, carpentry, metalwork, plantล bm]vฤท ย -|;u =;-|ย u;vฤท ]u-7bm]ฤท 7u-bm-];ฤท ัดb]_เฆ m] -m7 buub]-เฆ omฤบ How do you approach projects? ย u 7ubย bm] ย bvbom bv |o |uย |o 1u;-|; ัด-m7v1-r;v |_-| =ov|;u ;m]-];l;m| ย b|_ m-|ย u;ฤบ ); ัดbh; |o 1u;-|; -ย ;mย ;v =ou r;orัด; |o ;mfoย |_; ย ouัด7 oย |vb7; their door, with family and friends. );ฤฝu; hbm7 o= olmbย ou;v ย _;m b| 1ol;v |o 7;vb]mฤธ ย ; ัดoย ; l-mย |ย r;v o= ]-u7;mvฤท =uol lo7;um |o 1ัด-vvb1ฤท vo ัดom] -v |_; oย |1ol; bv - vr-1; |o 0; ;mfoย ;7 -m7 ัดbย ;7 bmฤบ m vol; ย -ย vฤท ัด-m7v1-r;v -u; ัดbh; _b]_ัดย =ย m1เฆ om-ัด ย ouhv o= -u|ฤบ $_; ย _oัด; ]-u7;m bv - work of art you inhabit. ); 7u-ย - ัดo| o= bmvrbu-เฆ om =ou oย u 7;vb]mv =uol lo7;um ัด-m7v1-r; -u1_b|;1|vฤท 0ย | ;-1_ vb|; bv vr;1bC1-ัดัดย 7;vb]m;7 ย b|_ |_; ;ัด;l;m|v -m7 =;-ล |ย u;v u;tย ;v|;7 0ย |_; 1ัดb;m|vฤบ )_;m ย ;ฤฝu; -rruo-1_;7 0ย - m;ย 1ัดb;m|ฤท ย ; v|-u| 0ย 7o1ย l;mเฆ m] -m7 l;-vย ubm] |_; vb|;ฤท -m7 |_;m ย vbm] |_-| bm=oul-ล เฆ om -ัดom] ย b|_ |_; 1ัดb;m|ฤฝv u;tย ;v|;7 -;v|_;เฆ 1 -m7 ัด-m7v1-r; ;ัด;l;m|v |o 7ubย ; |_; 7;vb]mฤบ $_;u; bv - ัดo| o= 0-1h and forth in our process, and we take 1-u; |o h;;r |_; 1ัดb;m|ฤฝv ย bvbom =uom| -m7 1;m|;uฤท ย _bัด; vย ]];vเฆ m] ;ัด;l;m|v -m7 =;-|ย u;v |_-| ย bัดัด blruoย ; |_; ัด-m7v1-r;ฤฝv 0;-ย |ย ฤท ย v-0bัดb|ย -m7 =ย m1ล เฆ om-ัดb|ย ฤบ
OVERLOOK HOUSE
After
• Arbutus unedo aka Strawberry Tree • Edgeworthia • Stewardia • Carax “Bowle’s Golen” • Arctostaphylos “Howard McMinn” • Geranium “Rozanne” JUNE 2016 • 23
What happens after you complete a project? Do you offer maintenance? ); o@;u 1ัดb;m|v - v|;ย -u7v_br ruoล ]u-l ล ย ; ัดbh; |o 1_;1h bm |_u;; ou =oย u เฆ l;v - ย ;-u |o ruย m;ฤท lย ัด1_ -m7 ย ;;7ฤธ l-h; vย u; |_; ]-u7;m bv ruoล ]u;vvbm] -v b| v_oย ัด7ฤธ ;7b| b= m;;7 0; -m7 -77 l-|;ub-ัด 7;r;m7bm] om |_; 1ัดb;m|ฤฝv 7;vbu;vฤบ ัดb;m|v o[;m u;-1_ oย | ย b|_ tย ;vล เฆ omv -0oย | l-bm|;m-m1;ฤท -m7 ย ; ัดbh; |o l-bm|-bm - 1ัดov; u;ัด-เฆ omv_br -[;u bmv|-ัดัด-เฆ om bv Cmbv_;7ฤท -mvย ;ubm] tย ;vล เฆ omv -m7 _;ัดrbm] ruo0ัด;lล voัดย ; bvvย ;v if they arise. What are some of Pistilsโ signature design features? "ol; o= oย u vb]m-|ย u; 7;vb]m =;-|ย u;v -u; -uเฆ v-m v|om;ย ouh ล ย -ัดัดvฤท r-เฆ ov
BEAUMONT HOUSE
Before
and paths), well appointed and one o= - hbm7 rัด-m| r-ัด;ย ;vฤท u-bm ]-u7;mvฤท 1ย v|ol l;|-ัดย ouh ล |u;ัดัดbv;vฤท rัด-m|;uvฤท u;|-bmbm] ย -ัดัดvล ฤท -m7 Cm; ย oo7ย ouhbm] ล =;m1;vฤท v_;7vฤท -u0ouvฤท r-ย bัดbomvฤท ;|1ล ฤบ Do you work with existing landscapes to improve design and sustainability? +;vฤท ย ; v-ย ; ;ย ;uย rัด-m| |_-| ย ; 1-mฤบ Some of them are repurposed into |_; 1ัดb;m|ฤฝvฤฝ oย m ัด-m7v1-r;ฤท b= b| C|v ย b|_ |_; 7;vb]mฤท -m7 o|_;uv -u; o[;m ]bย ;m -ย -ย ฤบ ล ou ;ย -lrัด;ฤท -| - 1ย uu;m| ruof;1|ฤท ย ;ฤฝu; |u-mvrัด-mเฆ m] |ย o ย bm; l-rัด; |u;;v =uol |_; 1ัดb;m|ฤฝv ย -u7 bm|o |_; m;b]_0ouฤฝv ย -u7ฤบล $_; ย -v| l-foub|ย o= oย u v|om;ย ouh ย v;v m-เฆ ย ; 0-v-ัด| =uol |_; ou|_ย ;v|ฤท -m7 ย ; ย v; vย v|-bm-0ัดย _-uย ;v|;7 cedar and ipe for our wood features, woods that are naturally resistant to the elements and last many years. An ipe deck, for ;ย -lrัด;ฤท ย bัดัด ัด-v| |_; ัดb=; o= your house. !-bm ]-u7;mv -u; - =;-|ย u; we incorporate when posล sible, because they keep water on site and out of v;ย ;uvฤท u;7ย 1bm] |_; 0ย uล
7;m om |_; 1b|ย ฤฝv v|oulย -|;u vย v|;lฤบ m -77bเฆ omฤท u-bm ]-u7;mv moย ubv_ rัด-m|v -m7 -ย u-1| ย bัด7ัดb=; ัดbh; 0bu7vฤท 0;;v -m7 0ย ย ;uYb;vฤท ย _b1_ bm |ย um roัดัดbm-|; |_; ัด-m7v1-r;ฤบ ); -ัดvo bm1ourou-|; m-เฆ ย ; rัด-m|v bm|o oย u 7;vb]mv ย _;u; rovvb0ัด; ย _b1_ ย bัดัด |_ubย ; bm |_; ัด-m7v1-r;ฤบ What is Interior Rewilding? m|;ubou !;ย bัด7bm] bv |_; 1ย uu;m| |-]ัดbm; for the newest side of our business, "r-1;vฤท ย _b1_ o@;uv bm|;ubou rัด-m|v1-rล bm] -m7 7;vb]m v;uย b1;vฤบ $_; r_u-v; m|;ubou !;ย bัด7bm] 1-l; oย | o= - 0u-bmv|oulbm] v;vvbom oย ;u ย _-| ย ; =;;ัด ัดbh; 7;Cm;v oย u ;m|_ย vbล -vl -0oย | rัด-m|vฤบ ou ย vฤท |_; b7;- o= m|;ubou !;ย bัด7bm] v|-u|v ย b|_ - 1omm;1ล เฆ om |o m-|ย u; -m7 -m -rru;1b-เฆ om =ou -ัดัด |_bm]v 0o|-mb1-ัดฤบ bh; ฤท |_bv vb7; o= |_; 0ย vbm;vv bv 7;ย ;ัดorbm] ou]-mล b1-ัดัดย ฤท ย b|_ oย u vb]_|v v;| om v;uย b1;v 7;vb]m;7 |o ัด;| ย oย 0ubm] - 0b| o= |_; outside in, to create interior landscapes |_-| -u; 0;-ย เฆ =ย ัด -m7 vย v|-bm-0ัด;ฤบ ย ;u |_; ย ;-uvฤท -v _oย v;rัด-m|v v;;lv |o _-ย ; ย m7;u]om; - u;m-bvv-m1;ฤท b| 0;ล 1-l; bm1u;-vbm]ัดย 1ollom =ou 1ย v|olล ;uv |o -vh =ou oย u _;ัดr -m7 ;ย r;uเฆ v; bm -77bm] rัด-m| ัดb=; |o |_;bu _ol;vฤบ );ฤฝย ; 0;]ย m ย ouhbm] ย b|_ ัดo1-ัด 0ย vbm;vv;v like the Portland Art Museum and Loล 1-ัด; 1-=;ฤท -v ย ;ัดัด -v u;vb7;mเฆ -ัด 1ัดb;m|vฤท 7obm] -mย |_bm] =uol rัด-m| 1omvย ัด|-เฆ om |o 1olru;_;mvbย ; rัด-m| 7;vb]mฤท 7;ัดbย ล ;uย -m7 v|-]bm]ฤบ
BEAUMONT HOUSE
After
24 โ ข ALL THINGS REAL ESTATE magazine
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$_; b7;- bv |o 1u;-|; ัดbย bm] vr-1;vฤธ bm|;ubouv |_-| 0u;-|_; -m7 ]uoย ฤบ $_; mย uv;uย mv|-]u-l -11oย m| _-v ัด-ย m1_;7 -m ลฒ m|;ubou!;ย bัด7bm] _-v_|-]ฤท bm ย _b1_ r;orัด; v_-u; |_; ]u;;m bm7oou vr-1;v |_-| bmvrbu; |_;lฤบ ); v_-u; - m;ย ย v;uล vย 0lbย ;7 r_o|o =uol |_; _-v_|-] =;;7 ;-1_ ย ;;hฤธ 1ย uu;m|ัดย ฤท |_;u; _-ย ; 0;;m -0oย | ฦ ฦ ฦ ฦ submissions. ou lou; bm=oul-เฆ om om bvเฆ ัดv -m7ล v1-r; ;vb]m ฦณ ย bัด7 _;-7 |o rbvล เฆ ัดvัด-m7v1-r;7;vb]mฤบ1ol
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ON THE COVER _o|o 0 bm1oѴm -u0o u linclonbarbour.com Courtesy of !bv- o ;u u1_b|;1| u; risaboyer.com
JUNE 2016 • 25
1031 31
What EVERY !;-ัด v|-|; mย ;v|ou ;;7v |o moย ฤน
LIKE KIND EXCHANGES
Text by Toija Beutler Attorney/Owner, Beutler Exchange Group, LLC
ฦ ฦ ฦ ฦ bv -m bm1;mเฆ ย ; ruo]u-l =ou |_; mย ;v|ou ย _o oย mv u;m|-ัด ruor;uเฆ ;vฤท 1oll;u1b-ัด ruor;uเฆ ;v ou bmย ;v|l;m| ัด-m7ฤบ )_;m |_; mย ;v|ou v;ัดัดv |_;ย 1-m 7;=;u |_; r-ย l;m| o= |_; 1-rb|-ัด ]-bmv |-ย ฤบฤบฤบ -v ัดom] -v |_;ย ย ouh ย b|_ |_;bu u;-ัด ;v|-|; -];m| |o Cm7 -m7 0ย ย - replacement property and comply with |_; ฦ ฦ ฦ ฦ uย ัด;vฤบ 1031 builds wealth ;1-ย v; |_; mย ;v|ou 7o;vmฤฝ| _-ย ; |o r-ย |-ย om |_; ]-bmฤท lou; 1-v_ bv -ย -bัด-0ัด; =ou |_; rย u1_-v; o= |_; m;ย | 0b]];u -m7 0;ย ;u ruor;u|ย ฤบ
$_bv =u;;v ย r |_; bmย ;v|ou |o rย u1_-v; - ruor;u|ย |_-| 0;ย ;u vย b|v |_;bu r;uล vom-ัด ou 0ย vbm;vv ]o-ัดvฤบ m7ฤท 0;1-ย v; ฦ ฦ ฦ ฦ bv =;7;u-ัด ัด-ย ฤท |_; mย ;v|ou 1-m sell in one state and purchase in a difล =;u;m| v|-|; ล |_;u;0ย ฤพloย bm]ฤฟ |_;bu bmย ;v|l;m|v -uoย m7 |_; 1oย m|uย ฤบ Yes, there are rules, many of which will 0; vย urubvbm] |o |_; mย ;v|ouฤบ Deadlines $_; mย ;v|ou lย v| 1ัดov; om |_; m;ย ruor;u|ย ย b|_bm ฦ ัถฦ 7-ย v o= 1ัดovbm] |_; sale of the old property. The worst feaล |ย u; o= ฦ ฦ ฦ ฦ bv |_-| |_;ย omัดย _-ย ; |_; Cuv| ฦ ฦ 7-ย v o= |_; ฦ ัถฦ |o b7;mเฆ =ย |_; u;rัด-1;l;m| ruor;u|ย ฤบ ov| mย ;v|ouv 1-m omัดย ัดbv| |_u;; ruor;uเฆ ;v -m7 |_;ย lย v| 0ย ย =uol |_; ัดbv|ฤบ ฦ ฦ 7-ย v bv -m ;ย 1;;7bm]ัดย v_ou| เฆ l; bm ย _b1_ |o Cm7 suitable property, especially with the 1ย uu;m| ัดblb|;7 bmย ;m|oub;vฤบ
$_; 7;Cmbเฆ om o= ฤพัดbh; hbm7ฤฟ bv |_; 0;v| =;-|ย u; o= ฦ ฦ ฦ ฦ ฤบ ัดัด u;-ัด ;v|-|; is like hbm7 ย b|_ -ัดัด o|_;u u;-ัด ;v|-|; -v ัดom] -v ย _-| bv 0;bm] voัด7 -m7 0oย ]_| bv u;m|-ัดฤท 0QP 3WCNKฦ GF RTQRGTV[ 1oll;u1b-ัด ou ัด-m7 _;ัด7 =ou bmย ;v|ล ฦ ฦ ฦ ฦ bv mo| =ou v;1om7 _ol;vฤท Ybrvฤท ment. m;ย 1omv|uย 1เฆ om ou ัด-m7 _;ัด7 0ย - 0ย bัด7;u ou 7;ย ;ัดor;uฤบ $_;v; -u; r;uล ย -lrัด;ฤน $_; mย ;v|ou 1-m v;ัดัด bmย ;v|ล vom-ัด ย v; ruor;uเฆ ;v ou bmย ;m|ouย l;m| ัด-m7 ล momล bm1ol; ruo7ย 1bm]ล ruor;uเฆ ;v -m7 mo| ;ัดb]b0ัด; =ou |_; |-ย -m7 0ย ย - u;vb7;mเฆ -ัด u;m|-ัด ล bm1ol; deferral. ruo7ย 1bm]ล ฤบ
Reinvestment rules $o ];| |_; 0;v| u;vย ัด| |_; mย ;v|ou ย bัดัด apply the net cash from the sale toล ward the purchase of the new property and o0|-bm - m;ย ัดo-m |_-| ;tย -ัดv ou (;uย rorย ัด-u ;ย -lrัด;ฤน $_; mย ;v|ou ;ย 1;;7v |_; ัดo-m om |_; oัด7 ruor;u|ย ฤบ 1-m v;ัดัด - u;vb7;mเฆ -ัด u;m|-ัด -m7 0ย ย This makes sense when you consider - u;vb7;mเฆ -ัด u;m|-ัด |_-| ย bัดัด 0;1ol; |_-| |_; mย ;v|ouฤท oย mbm] -m7 v;ัดัดbm] either a second home or a primary resล - u;m|-ัด _oย v;ฤท _-v ลชฦ ฦ ฦ ฤทฦ ฦ ฦ bm |_; b7;m1; ล -[;u ฦ ฦ lom|_v o= v;-vombm] American economy. If they sell and pull as a rental. |_-| bmย ;v|l;m| oย | o= |_; l;ub1-m ;1omolย ฤท |_;ย _-ย ; |o r-ย |-ย om |_; ย -lrัด;ฤน $_; mย ;v|ou 1-m v;ัดัด - u;vล b7;mเฆ -ัด u;m|-ัด -m7 0ย ย - 1oll;u1b-ัด property.
26 โ ข ALL THINGS REAL ESTATE magazine
]-bmฤบ = |_;ย 7omฤฝ| ย -m| |o r-ย |-ย om |_; ]-bm |_;ย _-ย ; |o 7ubย ; ลชฦ ฦ ฦ ฤทฦ ฦ ฦ back into the American economy, ย _;|_;u ย vbm] |_;bu oย m 1-v_ -m7ล ou Cm-m1bm]ฤบ Exchange Process $_; ;ย 1_-m]; 1olr-mย ru;r-u;v vr;1b-ัดbย ;7 7o1ย l;m|v =ou |_; mย ;vล |ou |o vb]m bm 1ัดovbm] -v |_;ย vb]m |_; 7;;7 |o |_; ย ย ;uฤบ $_;u; ย bัดัด 0; vblbัด-u 7o1ย l;m|v -| |_; 1ัดovbm] o= |_; m;ย ruor;u|ย ฤบ | bv |_; ;ย 1_-m]; 1olr-mย ฤฝv r-r;uย ouh bm |_ov; 1ัดovbm]v |_-| 1u;ล -|;v |_; ;ย 1_-m]; -m7 |-ย 7;=;uu-ัดฤบ $_; =oัดัดoย bm] vrubm] |_; -11oย m|-m| u;rou|v |_; ;ย 1_-m]; om |_; |-ย u;|ย umฤบ Supporting players omvย ัด|-เฆ om ย b|_ |_; mย ;v|ouฤฝv -11oย m|-m| ย bัดัด 1omCul ย _;|_;u -m ;ย 1_-m]; ย bัดัด 0;m;C| |_; mย ;v|ouฤบ omvย ัด|-เฆ om ย b|_ -m ;ย 1_-m]; 1olล pany, sooner rather than later, is esล v;mเฆ -ัด |o ย m7;uv|-m7bm] |_; uย ัด;v -m7 1ollom rb -ัดัดvฤบ ย 1_-m]; 1olr-mb;v 7o mo| 1_-u]; =ou |_bv 1omvย ัด|-เฆ omฤบ $_;bu =;;v -u; |ย rb1-ัดัดย Y-| u-|; -m7 1_-u];7 -| |_; เฆ l; o= 1ัดovbm]vฤบ omvย ัด|-เฆ om ย b|_ |_; mย ;v|ouฤฝv u;-ัด ;v|-|; -];m| bv 1ubเฆ 1-ัด |o ย m7;uv|-m7bm] |_; l-uh;| -m7 orเฆ omv |_-| ย bัดัด 0; -ย -bัด-0ัด; 0;=ou; -m7 7ย ubm] |_; ฦ ฦ ล 7-ย b7;mเฆ C1-เฆ om r;ubo7ฤบ Challenging scenarios that particularly require consultation: ฦ ฤบ )-mเฆ m] |o 0ย ย =uol - u;ัด-|;7 party. ฦ ฤบ u;-hbm] ย r ou =oulbm] r-u|m;uv_brv -| |_; เฆ l; o= -m ;ย 1_-m];ฤบ ฦ ฤบ -hbm] blruoย ;l;m|v -v r-u| o= |_; ;ย 1_-m];ฤบ ฦ ฤบ ัดovbm] om - m;ย ruor;u|ย 0;=ou; 1ัดovbm] |_; v-ัด; o= |_; oัด7 ล - reverse ;ย 1_-m];ฤบ ฦ ฤบ m bmv|-ัดัดl;m| v-ัด; o= |_; oัด7 property. $_; 0;v| ;ย 1_-m];v mo| omัดย v_;ัด|;u |-ย 0ย | -ัดvo -1_b;ย ; blrou|-m| 0ย vbm;vv -m7 r;uvom-ัด ]o-ัดvฤบ
Imagine if someone came along and did |_bm]v - Ń´b‚Ѵ; 7b@;u;m|Ѵ‹ĺ If the way they treated each other—and you—was rooted in respect rather than rivalry. If they put community ahead of opportunity, and made sure there ‰-v |u-mvr-u;m1‹ bm ;ˆ;u‹ |u-mv-1াomÄş = |_;‹ =o1†v;7 om vbমm] vb7;ĹŠ0‹Ŋvb7; ‰b|_ |_;bu 1†v|ol;uv bmv|;-7 o= u-1bm] 0‹ |_;bu 1olr;াাomÄş o‰ġ b= -Ń´Ń´ |_-| ‰-v |u†;ġ they might be the kind of people you’d choose to work with, right? We thought so too. That’s why we created The Agency. Get in touch and let us change your mind about real estate agents.
ŃśĆ?Ć” ) Ń´bv-m "|u;;|ġ ou|Ń´-m7 ĹŽ |_;-];m1‹r7Šĺ1ol
• TRAILERS, GEODOMES & TINY HOMES • STAGING: WHY IT’S IMPORTANT • SUMMER ADVENTURE: TAKING IT ON THE ROAD • WHAT TO KNOW WHEN BUYING LAND
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JUNE 2016 • 27
CRAVE
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Falster Outdoor Table & Chairs h;-ġ ĹŞĆ’ŃľĆ? ikea.com
Vornado Fan !;f†ˆ;m-াomġ ĹŞĆ?ƔƖ u;f†ˆ;m-াomÄş1ol
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SUMMER
sizzle
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Picnic Cooler u-|; -m7 -uu;Ѵġ ĹŞĆ•Ć? crateandbarrel.com
Patio Umbrella b|1_;m -0oo7Ѵ;ķ ŪƐѵƏ kitchenkaboodle.com
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JUNE 2016 • 29
JUNE " $&! +ġ & Ć“Äš Ć?Ć?
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2016 Portland Modern Home Tour
Conversation Project: Northwest Mixtape
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Grand Floral Parade
MEMORIAL COLISEUM TO DOWNTOWN PDX
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30 • ALL THINGS REAL ESTATE magazine
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REAL ESTATE
DIRECTORY CLEANUP & RECYCLING ;‚‹ ;mvom !†00bv_ )ouhv o= ou|Ń´-m7 Ĺ?Ć”Ć?Ć’Ĺ‘ ƖƑќŊѾќƖƓ portland@rubbishworks.com rubbishworks.com/portland
CONSULTATION Amanda Erickson * 77b|bomv Ĺ?Ć–Ć•Ć?Ĺ‘ ƒƑƑŊѾƖƑƑ bv-;ub1hvomĹ * 77bাomvÄş1ol * 77bাomvÄş1ol
LENDERS
PHOTOGRAPHERS
REALTORSÂŽ
Darren T. Balogh ou|]-]; o-mv ou|_‰;v|ġ a division of u;lb;u ou|]-]; !;vo†u1;vġ Ĺ?Ć”Ć?Ć’Ĺ‘ Ć”Ć?Ć“ĹŠĆ‘Ć–Ć•Ć– darren@mortgageloansnw.com pmrloans.com
Darius Kuzmickas † - _o|o]u-r_‹ Ĺ?Ć”Ć?Ć’Ĺ‘ ŃľĆ?ѾŊƓƓƕƓ darius@kudaphotography.com kudaphotography.com
Emily Corning Real Estate Broker u;lb;u; uor;u|‹ uo†rġ Ĺ?Ć”Ć?Ć’Ĺ‘ Ć•Ć?Ć“ĹŠĆ–Ć“Ć’Ć?
-‚ oŃ´bˆ;‚;ġ ÂŽ NMLS# 90661 vvo1b-|;7 ou|]-]; uoh;uv
Amy McMullen l‹ 1 †ѴѴ;m _o|o]u-r_‹ Ĺ?Ć”Ć?Ć’Ĺ‘ Ć–Ć?Ć’ĹŠĆ–Ć?ѾƔ amy@amymcmullen.com amymcmullen.com
emily@premierepropertygroup.com emilycorning.premierepropertynw.com
AnnaMarie Davault !;l-Š t†b|‹ uo†r Ĺ?Ć”Ć?Ć’Ĺ‘ Ć’Ć?Ć?ŊƕƓѾƔ am@AnnaMarieDavault.com AnnaMarieDavault.com
NMLS# 86136
Ĺ?Ć”Ć?Ć’Ĺ‘ ƔƓƔŊќќƓƒ l-‚Š-vvo1b-|;7lou|]-];Äş1ol l-‚foŃ´bˆ;‚;Äş1ol
PLUMBERS
Emily Marlow Senior Mortgage Specialist bu;1|ouv ou|]-];
;|b1†Ѵo†v Ѵ†l0bm]ÂŽ Ĺ?Ć”Ć?Ć’Ĺ‘ Ć‘Ć?ќŊƑќĆ?Ć‘ =-Š Ĺ?Ć”Ć?Ć’Ĺ‘ Ć‘Ć?ќŊƑќĆ?Ć’ l;া1†Ѵo†vrѴ†l0bm]Äş1ol
Erin Lolcama ou|Ń´-m7 b]v !;-Ń´ v|-|; Ĺ?Ć–Ć•Ć?Ĺ‘ Ć”Ć?ѾŊƓƔƖƔ ĹŠ bu;1| Ĺ?Ć”Ć?Ć’Ĺ‘ Ć‘Ć’Ć–ĹŠĆ•Ć“Ć?Ć? ĹŠ L1; erinlolcama@gmail.com erinlolcama.com
NMLS# 1154733 • MLO# 1154733
DESIGN ov-bh ;vb]m Ĺ&#x; !;lo7;Ń´bm] Ĺ?Ć”Ć?Ć’Ĺ‘ Ć“Ć?ѾŊѾĆ?Ć•Ć– mosaikdesign.com
"r-7; -m7 u1_;u ;vb]m ];m1‹ Ĺ?Ć”Ć?Ć’Ĺ‘ ќƓĆ?ĹŠĆ•Ć”Ć?Ńľ vr-7;ĹŠ-u1_;uÄş1ol
Ĺ?Ć”Ć?Ć’Ĺ‘ Ć•Ć?ќŊƔĆ?Ć?Ć‘ EMarlow@directorsmortgage.net directorsmortgage.net
PROPERTY MANAGEMENT
Steph Noble Mortgage Consultant, "ĹŠĆ?Ć‘Ć–Ć?Ć?Ć‘ †bŃ´7 ou|]-]; olr-m‹ "ŊƒƑƕƓġ !ĹŠ ĹŠĆ?Ć•Ńľ
Ĺ?Ć”Ć?Ć’Ĺ‘ ƔƑќŊƖќĆ?Ć? steph@stephnoble.com stephnoble.com
Richard Voss Principal Broker/Owner )bm7;ul;u; ;mbmv†Ѵ- !;-Ń´|‹ uo†r Ĺ&#x; (ovv uor;u|‹ -m-];l;m| Ĺ&#x; vvo1b-|;v Ĺ?Ć”Ć?Ć’Ĺ‘ ƑќѾŊƔќƑѾ ĹŠ L1; richard.voss@windermere.com windermereprg.com vosspropertymanagement.com
INSURANCE Michael McEnery -1b=b1 mv†u-m1; -u|m;uv Ĺ?Ć”Ć?Ć’Ĺ‘ ƒƔƕŊƕĆ?Ć?Ć? ;Š| Ć•Ć• lb1_-;Ń´Ĺ r-1bC1bmvr-u|m;uvÄş1ol r-1bC1bmvr-u|m;uvÄş1ol
ORGANIZERS MaryJo Monroe u;" 7 Ĺ?Ć–Ć•Ć?Ĺ‘ ƑƑѾŊѾĆ?ƔƔ info@respacedpdx.com respacedpdx.com
Marsha Zimmerman Oregon Licensee 200308196 Äş Äş Äş uor;u|‹ -m-];l;m| Ĺ&#x; "†rrou| ";uˆb1;vġ Äş Ĺ?Ć”Ć?Ć’Ĺ‘ Ć•ŃľĆ?ĹŠĆ?Ć?ќќ l-uv_-ÂŒĹ lŃ´hĹŠrlÄş1ol lŃ´hĹŠrlÄş1ol
Randy Rutherford Oregon Licensed Broker/Consultant -vvom olr-m‹ !;-Ń´|ouvÂŽ Ĺ?Ć”Ć?Ć’Ĺ‘ ƖƒƖŊѾѾќƑ randy@hasson.com randyrutherford.hasson.com
David Smith $_; ou1; !;-Ń´|‹ Ĺ?Ć’ŃľĆ?Ĺ‘ ƒѾƑŊƖĆ?Ć?Ć’ david@nwrealproperty.com nwrealproperty.com 205 SE Spokane St Ste 353A Portland, OR 97202 4400 NE 77th Ave #275 Vancouver, WA 98662
JUNE 2016 • 31
LOCAL,
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