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Hi ,
This month, our focus is "Remodel or As-Is?" Learn how to maximize your home's value when selling as-is in our feature article. Guest writer Don Lewis also shares expert tips on renovating your dream home brick by brick. Discover the Alameda neighborhood's charm, and don't miss special offers from Flow Roofing in Portland, Oregon. Save the date for the non-profit ReBuilding Center's Salvage Showdown on September 21st!
As always, don't hesitate to reach out to me about all things real estate,
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Tap into our list of 350+ vetted companies for all your home care & financial needs.
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View our featured listings and properties in the Portland Metro area.
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Learn all about Portland neighborhoods and find the perfect one to call home.
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How to Get the Most Out of Selling a House As-Is
When preparing to sell your home, it can feel overwhelming to think about getting the property into pristine, show-ready shape — especially if you’ve been putting off a laundry list of repairs. Instead of investing more money before you list it, you can consider another option: selling the house as-is.
What Does it Mean to Sell a House As-Is?
Selling a house as-is means that a buyer will get the property in its exact, current condition without any additional repairs or upgrades.
Most real estate transactions involve some back-and-forth bargaining — a buyer might request a $2,000 credit if a home inspector identifies a serious plumbing issue, for example — but a property with the “as-is” distinction means that the seller isn’t going to address any changes to the home’s condition. What you see is what you get, in other words.
Broadly speaking, properties listed as-is tend to be priced lower, since the buyer will likely have to spend additional funds on renovations and improvements once they have the keys to the house.
Why Would Someone Sell their House As-Is?
There are two main reasons to sell a house as-is: to save time and to save money.
Let’s say you need to relocate for work and unload your old home as quickly as possible. Hiring a contractor to complete a project is going to seriously delay your listing. If there’s enough demand out there from buyers and you know you’ll get offers, selling it as-is can help speed up the process.
You might not have the cash to pay for a project, either. There are already plenty of costs that add up when selling a house, and a home in disrepair can raise those expenses further. For example, if the roof is in desperate need of replacing, you may need to shell out around $8,995 — not to mention more money to address leak damage to rooms underneath the roof. Selling a house as-is allows you to skip those expenses.
Or sometimes selling as-is seems just the most practical course. Say you inherited your parents’ place. It’s quite dated, and you figure any buyer is going to drastically remodel it anyway, if not tear it down completely and start anew. And since you have no costs to recoup — anything you get for the house is gravy — there’s no sense in investing a lot to fix it up. Just take the money and run.
How Much Do You Lose Selling a House As Is?
It’s hard to set a specific percentage on the amount you could lose on an as-is sale. According to the resource platform iBuyer.com, home offers may be from 75% to 95% of what they would be had repairs or renovations been made.
However, much depends on the condition of the residence. And how hot the local real estate market is. In a strong seller’s market, the offer price gap typically found between an as-is sale and a regular sale dwindles — or disappears completely; buyers can’t be choosers. Location counts for a lot too. If a home is on a prime piece of property or in a highly desirable neighborhood — especially one that doesn’t see openings often — its condition matters less. People will want it for the land, and will be willing to pay for the overall real estate package.
Read the Full Article
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Brick by Brick: Building Your Dream Home Through Renovation
By Don Lewis, Ability Labs
Renovating your home is more than just a project; it's a journey. This transformative process not only reshapes your living space but also has the potential to significantly improve your quality of life. However, it's not as simple as picking up a hammer and nails. Home renovation requires meticulous planning, budgeting, and an understanding of various design elements and construction processes. In this article, we'll delve into all the crucial aspects that go into a home renovation, providing you with a comprehensive guide to help you navigate this exciting endeavor.
Learn All About Home Renovations
Renovating a home can be an exciting yet challenging process. It involves numerous steps, from conceptualizing your dream design to managing the actual construction work. The more you know about this process, the better prepared you’ll be if something goes a little wonky along the way.
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Communicating Your Ideas Clearly
A successful renovation starts with a clear vision. Sketch out your ideas or create a mood board to visualize the changes you want to make. This will help you communicate your ideas effectively with architects, designers, and contractors. Remember, it's important that everyone involved understands your vision to ensure that the final result aligns with your expectations.
Read the Full Article
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Alameda Neighborhood
Discover the allure of Alameda, a captivating neighborhood in Portland, OR. This hidden gem boasts a thriving entertainment scene, from local theaters hosting vibrant performances to lively music venues that keep the nights buzzing. Shopaholics will delight in the diverse array of boutiques and trendy stores, offering everything from artisanal crafts to high-end fashion. Food enthusiasts can relish the culinary journey with an abundance of restaurants serving diverse cuisines. The streets are adorned with enchanting Craftsman and Colonial-style homes, adding to the area's picturesque charm. Whether you seek excitement or tranquility, Alameda is a place where dreams take root and community thrives.
Learn More
Find Your Perfect Portland Neighborhood
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Flow Roofing
SPECIAL OFFER!
Mention ParisGroup and get $100 off a gutter replacement and/or $250 off a roof replacement with Flow Roofing. Don't miss out!
Get Trusted Service
Flow Roofing understands how important it is to have reliable people working on your home. Their team has worked with thousands of homeowners, maintaining a reputation for 5-star service.
Put Their Experts to Work
From inspections to final inspection, the Flow Roofing team is passionate about 100% customer satisfaction. They go beyond standard industry training procedures to ensure you get the best in craftsmanship and quality.
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Flow Means Transparency
There’s a lot of technical detail that goes into installing a roof. Flow Roofing walks you through the process and helps you understand what’s important so you can make the best decision for your home.
CONTACT INFORMATION
Service Options: Online Estimates · Onsite Services
Address: 555 SE Martin Luther King Jr Blvd Suite 105, Portland, OR 97214
Phone: (503) 936-2476
Website: flowroofing.us
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Dear Claire: What remodels have the best return on investment?
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In this episode, I discuss the following topic, "Do you stay and remodel or make minor updates to increase your net proceeds on sale"?
Watch It Now
Visit our YouTube Channel to catch all our videos!
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ReBuilding Center:
Salvage Showdown
Save the Date!
September 21, 2023
THE EVENT IS FREE FOR ALL!
$25 suggested donation.
The Salvage Showdown is a celebration of what makes the ReBuilding Center special. It is a celebration of creative reuse, of our community, and of the work they do year-round to harness reuse and repair as tools for climate justice. It is a competition. It is an event. And, yes, a fundraiser, too!
The ReBuilding Center relies on supporters like you to help them reach their goal of providing more than $75,000 in free materials and classes this year. Whether it is purchasing raffle tickets or sponsoring the Showdown, you join them as they extend access to reuse and repair, empowering everyone to stay in their homes safely, sustainably, and with dignity.
Peruse the Builds. Explore the store. Tap your toes to some good music. Take a spin around a makeshift dance floor. Enjoy a bite and maybe a libation. Join in the celebration!
Raffle winners will be announced, the Scrappy awarded, and good times will be had by all!
Paris Group Realty, LLC, is a proud Scrappy Friend sponsor of the 2023 ReBuilding Center Salvage Showdown.
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2023 Five Star Professional Awards
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I'm delighted to share I've earned the coveted Five Star Professional real estate agent distinction as an industry leader for 11 years.
Five Star Professional is an organization that conducts comprehensive market research to identify and promote exceptional professional excellence in various industries.
The Five Star distinction serves as a valuable tool for consumers seeking outstanding client satisfaction and service, enabling them to choose a recommended service professional based on the feedback of other satisfied customers.
View all Paris Group Realty, LLC Honors & Awards
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"Couldn't Ask for More!"
"Claire and Kati worked diligently to market and sell our house in an unknown market, with two solid offers in six days. Sold for our hoped-for price. And they coached us along the way so we knew what to expect and when. Couldn't ask for more!"- Laura P., Google Review
Read More Testimonials
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Considering Buying or Selling?
Thank you for joining me this month to learn more about the Portland Metro housing market and the dynamic world of real estate.
Whether you're looking to buy your dream home or sell your current property, my expertise and passion help make me the perfect partner for your journey. Reach out to me today, and let's get started!
Claire Paris
REALTOR®
Owner and Principal Broker | Paris Group Realty, LLC
ASR, CRS, GRI, Earth Advantage Broker
Licensed in OR & WA
Cell: (503) 998-4878
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Paris Group Realty, LLC.
5214 N Maryland Ave
Portland, OR 97217
United States
503.998.4878
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