Thursday, May 7, 2020 / by Lacey Parker
Landlords across Oregon are now subject to several different restrictions, as well as, some relief from various levels and branches of government. We encourage you to visit Multifamily NW and the Oregon Rental Housing Association for additional information on developments affecting landlords and access to forms that may be helpful to landlords. OAR has created the following guide to help landlords; COVID-19 Information Affecting Landlords.
Eviction Ban (Section 4024)
Mortgage Forbearance and Foreclosure Ban (Sections 4022 and 4033)
State Eviction Moratorium
Chief Justice’s Orders
See all details here, COVID-19 Information Affecting Landlords_updated 4.6.20
Information provided by Oregon National Association of Realtors
Friday, August 16, 2019 / by Lacey Parker
When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.
1. Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.
2. Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.
3. Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.
4. Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like ...
Thursday, June 6, 2019 / by Lacey Parker
When you’re getting ready to list your home, it’s of the upmost importance to ensure you are showing it in the best light. Taking time to highlight its strengths and fix up some of its possible weaknesses can make a big difference in how fast it sells. Here are our top five recommended repairs to make before selling your home.
Giving your home a fresh coat of paint is one of the most cost-effective ways to spruce it up, and generally, it can be a do-it-yourself project. Make sure cover any walls with scratches and chips and consider updating any accent walls with a more neutral coat.
Hardwood floors are a very desirable feature in a home, so you want to ensure they look their best by fixing scratches or dull areas. If your carpet is worn or stained, consider replacing them. And don’t forget the tile in your kitchen or bathrooms. Re-grouting can go a long way in making dingy tile work look brand new!
Refresh the landscaping.
Show buy ...
Thursday, January 10, 2019 / by Lacey Parker
A “1031 exchange” is the nickname used to discuss Section 1031 of the U.S. Internal Revenue Service’s tax code. This section states that if an individual exchanges one investment property for another via a 1031 exchange, they may be able to defer capital gains (or losses) that they would otherwise have to pay at time of sale.
Section 1031 applies to “property” beyond real estate, but many 1031 cases deal with buildings and land. We’ll only discuss 1031's in relation to real estate.
WHY IS A 1031 EXCHANGE IMPORTANT?
So why is a 1031 exchange important? It allows real estate investors to defer paying capital gains and potentially build wealth through real estate investing.
Think about it this way. If you buy a piece of real estate for $100,000 and then sell it for $500,000, you are subject to paying capital gains taxes on your $400,000 profit. From that $400,000, you would lose, say, $120,000 to capital gains taxes. With a 1031 ex ...
Monday, August 6, 2018 / by Lacey Parker
One of the best things about living in Portland Oregon, is the mind blowing hikes in and around the City. They range from incredibly challenging to blissfully soothing, and all hikes end with the peace of mind that only the great outdoors can offer.
The best thing about the arboretum is the limitless freedom of its dozens of paths offered to visitors. Some of the trails are wheelchair accessible.
Tryon Creek is a lush, wooded reminder of the thick vegetation that once cloaked the SW hills of the Portland Area. Walking paths, bike and horse trails are within the sprawling forest which is centered on a web of scenic creeks.
The most scenic and diverse trail with waterfalls, old growth groves and ruins of an eloquent old stone building, can be found right in the city.
The perfect place to catch the sunset on Mt Hood and a stellar spot for camping. The t ...