3804 SE Carlton St

3804 SE Carlton St

Time Earned Character In Eastmoreland

2 Beds + Bonus Room / 2 Baths / 1,626 SF / $479,900

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Feel the warmth this winter in this Eastmoreland bungalow exuding with cheer and contentment. Light filled rooms plus quintessential time-piece decal brings the feeling of home. Wood floors stretch across the main floor transitioning from hardwoods in the living room to warm fir in the bedrooms. A breakfast nook abuts to the spacious backyard. The basement has a separate entrance and offers bonus room and second bathroom.

Perched amongst one of Portland's most prestigious pockets, you're less than one mile from vibrant Woodstock, Reed College and Eastmoreland Golf Course.

Location

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Living room & kitchen

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Exterior

2328 NW Glisan Street, Unit 6

2328 NW Glisan Street, Unit 6

Boutique Alphabet District Living

2 Beds, 1 Bath / 1,052 Square Feet / $439,000

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The world at your doorstep. Shop, eat, relax and play in one of the cities most vibrant neighborhood that rests under Forest Park's wooded retreat.

This designer unit has a spectacular entertainer's open floor plan with a private south facing patio. New timeless fixtures, fresh bold paint, airy ceilings, and Brazilian cherry hardwood floors match the beauty of the surrounding Alphabet District. Large master bedroom filled with natural light, in unit laundry, gas fireplace, and stainless steel appliances. Secure entry, parking, and storage.

MLS: 18479884

Tour the home and neighborhood

Location

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Living room, Dining room, and Kitchen

Master bedroom and bathroom

Entry and Second Bedroom

2028 NE Hancock St

2028 NE Hancock St

Irvington Vintage-Modern Condo

1 Bed, 1 Bath / 554 Square Feet / $240,000

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If Joanna and Chip Gains designed a Portland Condo, this would be it. Located in one of the cities most coveted neighborhoods, this Irvington gem is a rare find. Remodeled with vintage-modern aesthetic, quality updates including quartz countertops, new flooring, subway tile, county-chic wall panelling, and accent lighting offer a warm welcome home. Ground floor with no steps. In unit washer and dryer. Secure storage space and bike parking in basement.

Eight blocks to Irvington Elementary, minutes to downtown, easy access to freeway and street car. Leave your car behind and walk everywhere - blocks to shopping, coffee, eats & parks!

Location

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The Neighborhood

18696 NW Cedar Falls Loop

18696 NW Cedar Falls Loop

Immaculate & Bright IN A Beautiful Community 

2 Beds + Office, 2.5 Baths / 1,316 SF / $289,000

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Fresh and bright located in the heart of the westside’s amenities. Excellent efficient layout in a quiet community surrounded by trees. This home features AC, new carpet, balcony, stainless steel appliances, gas fireplace, and construction upgrades. Lower level hosts office nook, 1/2 bath and garage. The second level is an open floor plan connecting living, dining and kitchen. Third floor you’ll find dual master suites. 

Tucked away in a quiet community minutes from Tannasbourne. Excellent freeway and highway access and less than 4 miles from Nike and Intel. McKinley Elementary School and Westview High School. 

Location

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Exterior

Living Room, Dining Room & Kitchen

Bedrooms

Office

How To Compete Against Cash Offers

How To Compete Against Cash Offers

I’m sure you’ve heard people say: "Cash is king!" You've also probably heard from friends about how they missed out on a great home due to a cash buyer, or lost out yourself.

What makes a cash offer so great? And how do you compete against it if you're borrowing money?

Time And Risk

Cash offers appeal to sellers because they close quicker and come without the risk of financing failure.

Time:

If you’re borrowing money (you’re not a cash buyer), a typical closing period for your transaction is 30 days. Before your lender gets to work, you have to get through the inspection period. The inspection period is typically 10 business days (14 calendar days once weekends are factored in). Once you’re through the inspection period 2 weeks later, the lender typically takes 2 weeks between their underwriting process and getting appraisal results. Once the lender has everything wrapped up, law requires the buyers have closing statement documents in their hand to review for 3 days before they can sign and close.

Because a buyer with cash is not working with a lender, they only need time for inspections and negotiate any repairs or credits necessary. Cash buyers often do not ask for sellers to complete repairs because they usually have the cash to do the repairs. This means buyers with cash can usually close in 10 business days (14 calendar days).

 

Here's how to compete with time:

  • Shorten your inspection period down to 5 days

10 business days is a very comfortable period to have a home inspection and have the necessary professionals do further inspections and bid the issues that are uncovered. In 5 days you can have a general home inspection done, and get a fairly good picture of costs of any issues found. It will be tight, but it's possible. By shortening your inspection period, you can shave a whole week off of the timeline and only be a week longer than a typical cash offer. While it's still a longer close, it's close enough that you can still be competitive.

Risk:

A transaction can fall apart outside of the buyers or sellers control if there is a financing failure. The appraisal can come in undervalue or an issue can come up in underwriting causing a loan to not go through.

 

Here's how to compete with risk:

  • Waive your appraisal contingency if you have extra cash

In the chance that an appraisal issue arises, you're still able to buy the home if you're able to make up the difference between the appraisal and sales price in cash. Appraisals coming in undervalue are not at all common, and this is one way to quell any seller fears of their home not appraising at value.

  • Offer terms "sold as-is" or "seller to do no repairs"

Sellers are concerned about what will come up on an inspection and what they'll have to fix or credit they buyer. Even if a competing offer is cash or slightly higher than yours, you can become more competitive with a terms like "sold as-is" or "seller to do no repairs". "Sold as-is" means you will not be asking the seller to do any repairs or ask for any credits after the inspection. You still have the right to do an inspection and decide if you want to move forward or back out at that point, but you are signaling to the seller that you won't be asking for anything after the inspection. "Seller to do no repairs" signals the buyer will only ask for credits from the seller instead of requiring them to make repairs. Sellers like this because they don't want to deal with the repairs and additional issues can arise once a contractor opens up a problem.

  • Waive your inspection contingency

One of the most competitive moves you can make is to waive your inspection contingency altogether. While you're not able to back out of the transaction based on issues found during the inspection period, you still have your seller disclosure contingency that protects you for 5 business days from receipt if you see anything that you don't like. If you already cut your inspection period to 5 business days, you're already protected in this period from the seller disclosure period.

P.S. - Write A Great Offer Letter

People want to work with people they like. If the cash offer is an investor who's about to tear the home down, you probably have a better story to tell. So tell it really well. 

The biggest risk of a transaction falling apart is from the buyers getting cold feet or falling out of love with the home. Show the seller how solid of a choice you are with a great offer letter to accompany your offer. Head here to see our tips on writing an offer letter to the seller.