Downsizing in a Seller’s Market

 

 

 

 

Is it time to sell your big house in the near future and scale down?  How does this make sense when the majority of the country is currently experiencing a seller’s market?

In a blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

  1. A smaller home means less space, but it also means less time, stress and money spent on upkeep.
  2. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years or leave to your kids.
  3. Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.

Realtor.com also addressed downsizing in an article. They suggest that you ask yourself these questions before deciding if downsizing is right for you and your family.

Q: What kind of lifestyle do I want after I downsize?

A: “For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might want a low-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.”

Many homeowners are taking the profits from the sales of their current homes and splitting it in order to put down payments on smaller homes in their current locations, as well as on vacation/retirement homes where they plan to live when they retire. This allows them to lock in the home price and mortgage interest rate at today’s values which makes sense financially as both home prices and interest rates are projected to rise.

Q: Have I built up enough equity in my current home to make a profit?

A: “For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home.”

A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’s latest Equity Report revealed that 78.9% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamed of.

Bottom Line

If you are debating downsizing your home and want to evaluate the options you currently have, please call me to help guide you through the process.  I’ve helped with this same move for many of my clients & friends!

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins & Keeping Current Matters

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

Windermere Top Producer Cary Perkins, Top Westside Broker

Posted on March 21, 2017 at 4:14 pm
Cary Perkins | Category: Best Time to Sell Your House, buying a home, Downsizing | Tagged , , ,

A 7-Day Itinerary for the PDX Newbie

 

This article by Wannabe Portlandy (http://www.wannabeportlandy.com), offers some great suggestions for showing your friends & family around our fabulous city of Portland.

 

Downtown Portland – Broadway 

Every year, I get requests from friends and followers to create Portland itineraries for them. This is something that I enjoy doing and I go the extra mile of even making detailed presentations for friends. Each traveler is different and so I make it a point to tailor fit the itineraries that I make for each individual personality and preference. 

I recently crafted a personalized 7-Day itinerary for three of my friends and three of their kids. I am sharing the itinerary here because it might help you plan your trip to Portland too. 

But first, a little bit of perspective on why I made this itinerary the way it is. First of all, my friends are world-travelers. They have been around Asia, Europe, and North America. So I wanted to suggest places that are more unique to PDX. For instance, I intentionally did not suggest for them to eat in any Asian restaurants even if this is popular in Portland. Most of my foodie suggestions are focused on good American food. Secondly, my friends were traveling with kids that are 5-years old and below. So most of the places that I have suggested are kid-friendly and places that won't require waiting in line for more than an hour. 

So here it goes!

Day 1 (SUNDAY) – Welcome to Portland! 
 

Screen Door 

10:30AM – I immediately had my friends go to Olympia Provisions for brunch. Don't forget to order the Steak Eggs Benedict here. Advanced reservations is a must! 

2:00PM – After brunch, I had my friends take the Best of Portland Walking Tour. This is a great crash course on what makes Portland, Portland. This tour will take you around downtown Portland's key highlights for 2 hours. Advanced reservations is a must! 

5:30PM – Screen Door is a PDX foodie hall-of-famer so go here for dinner and make sure to order the buttermilk fried chicken. Tip: Screendoor opens at 5:30PM for dinner. Try to arrive at least 15 minutes earlier or else you'll end up waiting in line for a much longer time. 

Day 2 (MONDAY) – Foodie Day Part 1 

 

Guero 

9:00AM – Have breakfast at Tasty 'n Sons. Make sure to order the Potato Doughut, Meatloaf Cheddar & Biscuits, Auntie Paula's French Toast, and Salmon Hash. Tip: This is a popular restaurant so try to go at least 15  minutes in advanced to line-up. Otherwise, you'll end up waiting for an hour. 

10:00AM – Tasty 'n Sons is in a great quintessential Portland neighborhood called N. Williams so just walk around the area and enjoy the different stores. 

11:00AM – Today is an immersion into the amazing PDX food scene so be ready to taste a lot. Have one of the best ice creams you'll ever taste in your life at Salt & Straw. 

12:00NN – Portland is all about the food trucks. Head on over to Guero and order the No. 3 Torta. 

2:00PM – A second snack is in order. Head on over to Pip's for some seriously amazing doughnuts. Don't forget to get the Bacon & Maple Doughnut and Matcha Tea. Tip: Pip's closes at 4PM so make sure to go before then. 

4:00PM – You might  be having a bit of a food coma at this point so walk it off and head on over to the Tilikum Bridge to do some brisk walking. 

7:00PM – Portland is NOT about snooty fine dining. Instead, PDX is into laid back casual dining that is all about the good food. Have dinner at Le Pigeon and make sure to order the burger–it's consistently ranked as one of the best in the city. Reservation is a must! 

Day 3 (TUESDAY) – The Best of Both Worlds 

 

Multnomah Falls 

10:00AM – The best part about Portland is how close it is to enjoy some natural wonders. Head on over to the Multnomah Falls and enjoy the scenery. 

12:00NN – Have lunch at the Timberline Lodge and don't forget to order their 5-time awarded Clam Chowder. And after lunch, enjoy Mt. Hood  for all of its majestic glory. 

4:00PM – In Portland, you can be outside the city and enjoying nature one minute, then having fun downtown the next. Go to Union Way in front of Ace Hotel to do some window shopping. 

6:00PM – Have dinner at Hot Lips Pizza at the Eco Trust Building. Note: Other blogs and websites will recommend other pizza places. But I specifically took my friends here because Hot Lips Pizza's concept is much more unique to Portland given its focus on Fresh, Local, Organic, Seasonal, and Sustainable ever-changing menus. 

Day 4 (WEDNESDAY) – Foodie Day Part 2 

 

The Waffle Window

8:30AM – 10:00AM – Portland is the #1 food city in America so naturally, this trip needs more than one day of pigging out. For breakfast, get waffles at The Waffle Window and a sandwich from Fried Egg I'm in Love. 

11:00AM – Get some coffee from Stumptown and donuts from Blue Star 

 

Stumptown

1:00PM – Go downtown and hit up the Food Pods 

3:00PM – A second cup of coffee is in order. Head on over to Coava. Tip: Coava is near two buildings called Rejuvenationand Grand Marketplace. Walk off the carbs and do some window shopping here. 

4:00PM – Have dinner & drinks at Multomah Whiskey Library. NOTE: Leave the kids at one of PDX's awesome day care areas such as PDX Play Date. 

Day 5 (THURSDAY) – Wine & Beer Day

 

Rogue Farms 

9:00AM – Today is all about wine and beer tasting. But first, have breakfast at Gravy and don't forget to order the Corned Beef Hash.

11:00AM – Do the Wine Tasting at Stoller Winery. NOTE: Not everyone can spend the day hitting up several wineries. And if you could only go to one, I recommend Stoller Winery because their concept is unique to Oregon. 

12:00NN – Have lunch at Red Hill's Market

3:00PM – Visit Rogue Farms and do some beer tasting 

6:00PM – Have dinner at Burgerville 

Day 6 (FRIDAY) – Seasonal Activities 

 

Wooden Shoe Tulip Farm

9:00AM – Portland has four seasons so the places that you can see and do are dependent on which month of the year you are planning to visit. Since my friends went during Spring, I had them go to the Wooden Shoe Tulip Festival. 

12:00NN – Head back to the city and have lunch at Old Salt Marketplace 

3:00PM – Drop by Powell's Bookstore to buy some souvenir and just get lost in the thousands of books on display

5:00PM – It's almost time to say good-bye to the city so head on over to Pittock Mansion and go straight to the garden area to enjoy an amazing city view 

7:00PM – Our friends requested to have dinner at Hot Lips Pizza (that's how much they loved that place). But go and try another dinner place such as Ned Ludd. 

Day 7 (SATURDAY) – The trip is over so cap it off with a trip to the Portland Saturday Market 

 

Portland Saturday Market

 

Posted on September 7, 2016 at 7:29 pm
Cary Perkins | Category: cary perkins, Current Portland Real Estate Market Information, Moving, Moving to Portland, OR, Pearl District, Portland Oregon, Portland Oregon Restaurants, Restaurants, Things to do in Portland OR | Tagged , , , , , ,

Blue Star Donuts to Open at PDX Airport

 

The Portland Airport is about to get a little sweeter with one of my favorite foods….donuts!

 

Screen Shot 2016-08-03 at 4.06.50 PM

 

Article courtesy of Kelly Clarke, Portland Monthly

Tourists bustling through the Portland International Airport will have to make room for boxes of hard cider fritters and Cointreau crème brulee rounds atop their carry-on bags:  local doughnut empire Blue Star Donuts just inked a deal to open a PDX location by November of this year.  The outpost, which joins a superstar list of local businesses with airport spots, from Country Cat to Stumptown Coffee, will be located in the Oregon Market area, before travelers reach the security gate.

“I’m absolutely thrilled,” says Blue Star CEO/owner Katie Poppe, who launched the chain with biz partner Micah Camden. “The Port is working really hard to create this mini Portland utopia and we’re honored to be part of that.” The new airport shop will stock grab-and-go half- and baker’s dozen boxes of its brioche-style doughnuts, fresh-glazed single rounds, and Coava Coffee Roaster’s “Blue Star Blend” drip and packaged coffee.

The expansionist-minded local chain currently boasts four Portland outposts, an L.A. shop, and a pair of locations on Tokyo. (Psst: Blue Star is slated to open five more locations in Japan come September—three in Osaka and two more in Tokyo.)

What Blue Star creation must visitors cart back to their hometowns?

“It’s gotta be the blueberry bourbon basil doughnut,” says Poppe, referencing the buzzed-about flavor that made cover of Bon Appétit magazine in May. “If it’s gonna be your first, it might as well be a cover model.” 

 

Posted on August 3, 2016 at 11:21 pm
Cary Perkins | Category: cary perkins, Moving to Portland, Portland Oregon, Restaurants, Things to do in Portland OR | Tagged , , , , , ,

World’s First Vegan Supermarket Chain to Open in Portland

 

 

Good News for Healthy Food Lovers!

 

Screen Shot 2016-02-24 at 12.28.35 PM

Vegan products are usually relegated to a tiny section in conventional grocery stores, but Portland, Oregon will soon be home to an entire vegan supermarket.

Veganz, the first and world’s largest vegan grocery store chain, will set up shop in the famously crunchy city later this year. Along with a supermarket, Veganz also plans to open a shoe and clothing store and restaurant in Portland.

The chain was founded in February 2011 in Berlin, Germany by former Mercedes-Benz manager Jan Bredack after he found bountiful vegan options during his travels around the U.S. and Russia, German news site The Local reported.

Bredack, who became a vegan in 2009, said he found it hard to “shop normally” at home. Germany, after all, is the meat-loving home to 1,500 different types of sausages and cold cuts.

Bredack said he wants to make vegan shopping easier for everyone and noted that his stores appeal to omnivores as well, estimating that 80 percent of his customers are neither vegan nor vegetarian.

“It should be really simple,” he told The Local. “People shouldn’t have to cut out anything.”

Veganz imports goods from 30 countries worldwide and sells thousands of vegan products, including plant milk and cream, fake meats and fish, vegan ice creams, vegan cheeses and sweets, as well as toiletries and cosmetics. You can see the incredible range of products they have at its Berlin branch here.

Currently, there are more than 10 branches across Europe, including Berlin, Frankfurt, Hamburg, Munich, Essen, Cologne, Prague and Vienna. Veganz’s first branch in the UK will reportedly offer more than 6,000 vegan products.

In the video below Bredack, talks about his plans to take Veganz food products on-the-go with a food truck for festivals, music and sports events.

Although the U.S. is still heavily a nation of meat eaters—vegans make up roughly 6 percent of the U.S. population—Americans have certainly reduced their meat consumption in recent years.

Besides a growing list of health concerns, more and more people are also considering the environmental consequences of meat and animal products. That’s because a Western-style diet rich in meat and dairy produce will lead to an 80 percent increase in greenhouse gas emissions from agriculture, according to Tim Redford of the Climate News Network.

A 2014 research paper from UK think tank Chatham House, Livestock—Climate Change’s Forgotten Sector, explained why it may be necessary for a lot more people to go vegetarian or at least dial down their consumption of meat and dairy products.

Greenhouse gas emissions from livestock, the study said, account for about 14.5 percent of the global total, more than direct emissions from the transportation sector and more than all the emissions produced by the U.S., the world’s biggest economy.

Article courtesy of :  Lorraine Chow, EcoWatch

Posted on March 2, 2016 at 8:27 pm
Cary Perkins | Category: cary perkins, kitchen ideas, OR, Portland Oregon, Portland Oregon Restaurants, Restaurants, Things to do in Portland OR | Tagged , ,

Waiting to Sell Your Home Until After the Holidays

 

Waiting until after the Holidays, Isn’t a Smart Decision | Keeping Current Matters

 

Every year at this time, many homeowners decide to wait until after the holidays to put their home on the market for the first time. Others who already have their home on the market decide to take it off the market until after the holidays. Here are six great reasons not to wait: 1. Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays. 2. Purchasers that are looking for a home during the holidays are serious buyers and are ready to buy. 3. You can restrict the showings on your home to the times you want it shown. You will remain in control. 4. Homes show better when decorated for the holidays. 5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year: Supply of Homes | Keeping Current Matters

 

6. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will make a comeback in 2016. This will lessen the demand for your house.

Bottom Line

Waiting until after the holidays to sell your home may cause you to miss a very good selling opportunity!

 

Please call me if you'd like me to walk through your home with suggestions on how to position it in the marketplace for top dollar!

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 

Windermere Top Producer Cary Perkin

Posted on November 5, 2015 at 6:58 pm
Cary Perkins | Category: Current Portland Real Estate Market Information, Portland Oregon Real Estate, Selling your home during the holidays, Windermere Top Producer Cary Perkins | Tagged , , , ,

Timing is Everything

3 Graphs That Scream List Your House Today! | Simplifying The Market

Why you should LIST your House in the Fall!

 

 

Thinking about waiting till Spring to sell?  Capitalizing on the shortage of homes for sale in the market now, will translate into a better pricing situation than waiting until Spring.

 

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will rise.

 

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.8-month supply. (it's more like 3 months in the Portland region)  This is significantly lower than the 6 months inventory necessary for a normal market.  We are currently experienceing a seller's market.

Inventory | Simplifying The Market

DEMAND

Every month NAR reports on the amount of buyers that are actually out in the market looking for homes, or foot traffic. As seen in the graph below, buyer demand this year has significantly surpassed the levels reached in 2014.

Foot Traffic | Simplifying The Market

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream home (if they even are able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their home. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their home. In reality 69% of homeowners actually do!

Equity | Simplifying The Market

Many homeowners who are undervaluing their home equity may feel trapped in their current home, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let's get together to evaluate the equity you have in your home and the opportunities available in our market.  Buyers are lining up for homes in Portland.  

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 

Windermere Top Producer Cary Perkin

 

 

Posted on September 23, 2015 at 12:25 am
Cary Perkins | Category: Portland Oregon, Portland Oregon Real Estate, Selling Your home | Tagged , , ,

How is my home sale taxed? What about capital gains?

 

 

When it's time to sell your home, I start by preparing a seller's "net sheet," which outlines the sale price less your outstanding mortgage, pro-rated property taxes, etc.  Often people are worried about how much tax they're going to have to pay on that big (hopefully) number on the bottom line that says "Net to Seller."

 Most times the answer is ZERO taxes!  When you sell your principal residence and make a profit, you get to exclude $250,000 of that profit from your taxable income. And that's just the exclusion for single owners. Married couples can exclude up to $500,000 (if both spouses each meet the ownership and use tests below). So, depending on how much of a profit you make on the sale, you and your partner could potentially have no capital gains tax bill at all.

Here's the fine print:  in order to claim the maximum exclusion, you have to pass the IRS ownership and use tests. The test questions are:

  • Have you owned the house for two years?
  • Have you lived in the house as your principal residence for two out of the last five years, ending on the date of the sale?

There are a few exceptions to these rules–for example, if you had to move before owning the home for two years because of a job change or due to "unforeseen circumstance," such as a divorce or natural disaster. In these situations the IRS may allow you to prorate the exclusion.

And here's more fine print that is ususally helpful:   the two years residency doesn't have to be consecutive–you just have to have lived in your home for a total of 24 months out of the five years prior to the sale.

How to Calculate your cost basis

To determine capital gains on the sale of your home, you subtract your 'cost basis' from the selling price. Your cost basis is not just the purchase price. It also includes some settlement fees, closing costs and commissions paid with the purchase and the sale.  Add to this the cost of significant capital improvements (not repairs) you've made  for renovations, additions, roofing, landscaping, and other upgrades. All of these improvements increase your cost basis, and will lower your potential tax liability. (Another good reason to keep records of all your home improvements)

You can also reduce your tax basis (and owe more taxes) for a few reasons –  if you have a home office and have claimed depreciation over time, you now have to subtract those deductions from your cost basis. Or any tax credits for energy-related improvements have to be subtracted as well.  

Estimate sale price and capital gains

Now estimate your sale price and subtract your cost basis. If you bought your house for $350,000, did  $50,000 worth of improvements and had other closing fees and costs of $15,000, your cost basis is $415,000. Now let's say you expect to sell the house for $850,000. Your potential capital gain would be $435,000.

Factor in exclusion

In the above example, if you and your married partner met the ownership and use tests, you could exclude the entire gain from your taxable income. You wouldn't even have to report the sale on your tax return. However,if your capital gain turned out to be $525,000, you'd have to report the sale and pay long-term capital gains on $25,000.

As always, I recommend you speak with your accountant for the rules that apply to your personal tax situation.  But if you want to talk about selling your home, please call.

 

 

Click here for the full article.

 

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 

Windermere Top Producer Cary Perkin

Posted on July 8, 2015 at 9:29 pm
Cary Perkins | Category: Moving, Portland Oregon Real Estate, Portland Real Estate Data, Selling Your home | Tagged , , , , ,

Ten downtown Portland spots to grab a bite while holiday shopping

 
 
It's that time of year when we like being downtown & feeling festive!  When you're worn out from carrying all those shopping bags, it's time for refreshments!  What sounds fun?  How about the ten restaurants below?  Happy Shopping!
Article courtesy of Oregonlive MIX
 
 
Dining_downtown_lead.jpg
 

We come for the shopping and tree-lighting. For the festive twinkly lights and pictures with Santa. We come for the concerts and plays and window displays, and to give our visiting guests a night on the town. During the month of December, it seems like the entire population of the metro area converges on downtown Portland and at some point we all ask ourselves … where should we go to eat? When your feet are sore, or the play is about to start, it's easy to succumb to mediocre chains just steps from the action, but we don't believe in wasting a single meal on food that doesn't make us happy. So we pounded the pavement for you, finding 10 great local places that are open both Saturday and Sunday (no easy task) and offer plenty of options, whether you're looking to fuel up before a day of shopping or wind down after a show.

View >10 spots in downtown Portland to grab a bite while holiday shopping in a larger map

1) Zeus Cafe
Think McMenamins and food, and you'll probably picture pub grub. But Zeus Cafe, the new restaurant in the Crystal Hotel, aims to broaden that perception. The day starts at 7 a.m. with dishes like wood-baked eggs with parmesan creme fraiche, truffle oil and toast, and ends with a late-night menu that runs into the wee hours, offering up mini water- buffalo burgers on brioche buns, and fried chickpeas with smoked paprika. Clearly we're not in tater tot land anymore. Entrees can be inconsistent, but the plump mussels swimming in a broth stocked with Olympic Provisions chorizo are just fine. As are the crisp, wood-fired pizzas topped with, say, San Marzano tomatoes, mozzarella and arugula. And if you're hankering for a drink, Zeus Cafe has a legitimate bar program, with original cocktails that trend toward sweet (the Flossy Mule, for example, adds lavender syrup to the vodka, lime and ginger beer in a traditional Moscow Mule). And the pink, bitters-infused spheres of ice are a sight to behold. — MICHAEL RUSSELL
303 S.W. 12th Ave., 503-384-2500; mcmenamins.com
Breakfast, lunch and dinner daily.

2) Kenny & Zuke's Delicatessen
Serving breakfast, lunch and dinner all day, Kenny & Zuke's is there for you, whenever your pastrami craving strikes. The bustling Jewish deli makes pretty much everything in house, from its applesauce and kugel to its bialys and rye bread. But it's the wet-cured, slow-smoked, coriander-and-pepper-spiced pastrami that has earned the deli national attention, and rightfully so. You can order it in a Benedict at breakfast, piled onto a burger or cheese fries at lunch and, of course, in the classic and stellar Reuben. Grilled and stacked with pastrami (or corned beef if you would rather), melty Swiss cheese, house-pickled sauerkraut and homemade Russian dressing, it's nothing short of sinful. Same goes for the behemoth, double-decker, multi-meat Meshugaletta Sandwich. In fact, you might want to hit Kenny & Zuke's when you are done with your day, because after eating sandwiches like these, the only thing you are going to want to do is take a well-deserved nap. — JENNIFER COSSEY
1038 S.W. Stark St., 503-222-3354; kennyandzukes.com
Breakfast, lunch and dinner daily. Happy hour Monday-Friday.

3) Violetta
Nothing warms cold hands like a thick, hot burger dripping with special sauce. Billed as "slow food, fast," Violetta serves up near-perfect burgers with a local twist (beef from Scio, bacon from Carlton, onions from Brooks … you get the idea), plus five kinds of hand-cut fries, including sweet potato and chili cheese. To wash it all down, there's a solid selection of craft beers, shakes and small-batch sodas. But you don't have to be in the mood for a gut-busting lunch or dinner to dine here. Stop by the cafe in Director's Park to warm up and refuel with soup or salad, or get your sugar buzz going with a bag of fried-to-order beignets, hot apple pie from Random Order, and Holy Kakow hot chocolate. — HANNA NEUSCHWANDER 
Violetta in Director's Park, 887 S.W. Taylor St., violettapdx.com.
Lunch and dinner daily.

4) Mother's Bistro
In this Victorian dining room of a bistro, you can hang your hat and savor the best food your mother never had time to make — rich and creamy mac-and-cheese, fresh pear and huckleberry cobbler with the flakiest golden-brown crust — all made from scratch. The day begins with rib-sticking breakfast dishes like biscuits and gravy or wild salmon hash, followed by hearty lunch and dinner classics like savory pot roast made with local beef. Benny's Chicken Sandwich is a lunchtime must — a full breast of juicy, free-range chicken smothered with spicy aioli and melted cheddar cheese topped with fresh avocado. Just looking for a little pick-me-up? Stop in to relax with a cup of frothy hot cocoa and a homemade cookie or slice of pie. Mother would approve. — AMANDA ECKERSON
212 S.W. Stark St., 503-464-1122; mothersbistro.com
Breakfast, lunch and dinner Tuesday-Saturday, no dinner Sunday, closed Monday

5) The Original
When it first opened, the menu at this modern diner was riddled with ill-conceived gimmicks (like the doughnut hamburger). Thankfully the gimmickry is mostly gone, leaving downtown shoppers with a solid and crowd-pleasing place to grab a bite for breakfast, lunch or dinner. With its vinyl, '50s-style booths and postmodern art mobiles, the decor juxtaposes vintage and chic as the menu does savory and sweet. The upshot? There's something for everyone — from adventurous eaters to picky kids. Original concoctions like pancakes drizzled in blueberry jam and peanut butter sauce or crunchy cornmeal-bacon waffles are just a few of the oddly delicious choices at breakfast. At lunch and dinner, juicy burgers with shallot aioli and hearty classics like chicken potpie take the spotlight. Everything goes best with one of the homemade sodas (try the ginger-mint) and a savory serving of poutine: gravy-drenched french fries and cheese curds that are one of the best things to hit your belly after a spirited night on the town. Thankfully, they're served until 4 a.m. on Fridays and Saturdays. — AMANDA ECKERSON 
300 S.W. Sixth Ave., 503-546-2666; originaldinerant.com
Breakfast, lunch and dinner daily. Happy hour Monday-Friday. Late night menu Friday-Saturday until 4 a.m.

brasserie_montmartre.jpg

6) Brasserie Montmartre
A Francophile oasis, Brasserie Montmartre offers a calming respite from the bustle of downtown. Under the direction of chef Pascal Chureau, the lunch and dinner menu teems with well-executed French classics like gruyere-topped onion soup, croque monsieur and quiche. But there are a few surprises, too, like a croissant filled with rich lobster salad and avocado coulis, or crepes stuffed with braised pork belly, chevre and arugula. On weekends, brunch-goers can choose from three different Benedicts, as well as Frenchy belly-fillers like duck confit hash. During the lengthy happy hour (from 2-6 p.m. daily), as well as from 10 p.m. to midnight, prices drop on bar menu favorites like the golden, crispy frites — which come in five varieties, including foie gras-Szechuan pepper. A bowl of spicy moules frites falls from $12 to $8, oysters are $1.50 a pop. To drink there's a great selection of mostly French wines, plus top-notch spirits, original and classic cocktails, and craft beers on draft — including a rotating tap from Cascade Brewing. — DANIELLE CENTONI 
626 S.W. Park Ave., 503-236-3036; brasserieportland.com
Lunch, dinner, happy hour and late-night menu daily. Brunch on Saturday and Sunday.

urban_farmer_review.jpg

7) Urban Farmer
It's an upscale restaurant in an upscale hotel (The Nines), but that hotel is at the top of a department store (Macy's), so no one will look askance if you show up to this comfortable yet high-end steakhouse loaded down with shopping bags. Forget greasy mall food and take a break for real lunch here, where you'll find dishes like rich grits with a poached egg, spiced shrimp and pulled pork, or a divine cheese steak with shaved sirloin and gruyere fondue. After a day of shopping, or before (or even after) heading to a show, hit happy hour (3-6 p.m. and after 10 p.m.) for filling $4 and $5 dishes like tender beef sliders, Reubens, or mac-and-cheese with oil-cured tomatoes. Dinner is much pricier, as you'd expect from a steakhouse, with about a dozen choices of steaks in various breeds and styles — grass-fed, pasture-raised, grain-finished, corn-fed, dry-aged … you get the picture.  — Danielle Centoni
525 S.W. Morrison St. (on the eighth floor of The Nines hotel), 503-222-4900; urbanfarmerrestaurant.com
Breakfast, lunch and dinner Monday-Friday, brunch and dinner Saturday-Sunday. Daily happy hour from 3-6 p.m. and 10 p.m.-close.

 
Quick Pick-Me-Ups

8) Saint Cupcake Galore
Saint Cupcake's new location, just five blocks west of Pioneer Courthouse Square, is bright and light, furnished simply with red metal seats and reclaimed wooden bleachers. But it's hard to appreciate the decor when all you can see are rows of gleaming, brightly colored cupcakes just begging to be eaten. The moist and rich carrot cake, with just the right amount of savory spice and a hint of black pepper, topped with silky vanilla cream cheese frosting, is particularly hard to resist. But the patron saint of sweet doesn't just do cake. Cinnamon rolls, sticky buns, butterscotch- and chocolate-loaded cookies (including one made with smoked flour), and even savory snacks like brioche buns stuffed with mustard, ham and cheese, mean there are plenty of reasons to stop in and take a load off in the bakery/cafe. Add an espresso drink from locally roasted Water Avenue Coffee and you'll be properly fueled for any urban adventure. — JENNIFER COSSEY
1138 S.W. Morrison St., 503-473-8760; saintcupcake.com
8 a.m.-7 p.m. Monday-Friday, 9 a.m.-7 p.m. Saturday, 11 a.m.-5 p.m. Sunday.

9) Public Domain
Yes, there's a Starbucks smack dab in the middle of Pioneer Courthouse Square, but when your caffeine level begins to dip, it's well worth the one-block walk to Public Domain instead. The coffee shop is owned and operated by one of Portland's first roasters, Coffee Bean International, and it offers a serene, sleek place to get a good caffeinated kick in the pants. Like a brewery dedicated to its craft and the craft of its comrades, Public Domain usually has guest roasters "on tap," such as the city's own Oblique. But true coffee geeks will be happy to know they can specify the brewing method, too. In addition to the espresso machine and French press, there are four pour-over brewers to choose from: Hario V60, Chemex, Clever and Kone. For nibbling, there are beautiful pastries from Nuvrei Bakery. Try the wheatless oatmeal and raisin bar. Part oatmeal cookie, part lunch, it's soft and dense and easy to share with a buddy. Pull up a seat and decompress — there's free Wi-Fi and wall-to-wall/floor-to-ceiling windows to enjoy the scenery, lights and people of downtown. — JENNIFER COSSEY
603 S.W. Broadway, 503-243-6374; publicdomaincoffee.com
6 a.m.-7 p.m. Monday-Friday, 7 a.m.-7 p.m. Saturday-Sunday

10) Cacao
Few things can make you more immediately alert — and happy — than a shot of thick, liquid chocolate. At Cacao you can get your 2.5-ounce or 7-ounce wake-up call in three gorgeous flavors: milk chocolate with cinnamon, dark chocolate and "Special Spicy" — dark chocolate with coconut milk, paprika, cayenne and ginger. Can't choose? No problem, you can get a flight of all three. For those in a slightly less decadent mood, there's Cacao's regular hot chocolate (still among the richest in town) using 65 percent cacao or 72 percent cacao — your choice — as well as espresso drinks made with Caffe Vita coffee. If a mocha is too much, try the macchiato, a shot of espresso cut with an equal amount of dark hot chocolate. Sit down and connect your laptop (at the 13th Avenue location only) or continue your holiday shopping. The store has the best artisan chocolate bars and confections that Portland, and much of the world, has to offer. Not sure what something tastes like? The staff can help you sample just about anything. Before you go, purchase a handful of the Bequet salted caramels at the counter. They make a great on-the-go pick me up — and stocking stuffer. — JENNIFER COSSEY
West End: 414 S.W. 13th Ave., 503-241-0656; cacaodrinkchocolate.com
10 a.m.-8 p.m. Monday-Thursday, 10 a.m.-10 p.m. Friday-Saturday, 11 a.m.-6 p.m. Sunday
At The Heathman:
712 S.W. Salmon St., 503-274-9510; cacaodrinkchocolate.com
9 a.m.-8 p.m. Monday-Saturday, 10 a.m.-7 p.m. Sunday

 

MIX Editor  

OregonLive.com
Posted on December 8, 2014 at 9:03 pm
Cary Perkins | Category: Portland Oregon Restaurants, Things to do in Portland OR | Tagged , , , , , ,

Portland Real Estate Market Now, and What’s to Come

 

 

I've observed that there are a lot fewer agents in the office this month, as a lot of clients and their real estate brokers are on vacation.  Houses in certain price points are still flying off the market with multiple offers.  Homes over $1,000,000 are slower than they were in the spring.  I'm preparing for new listings that will hit after labor day, or early in 2015. What does this mean for you, buyers and sellers?

An easy explanation as to what's really happening is posted below.  It was written by one of my favorite mentors, Denise Lones. 

The spring and early summer brought a very robust real estate market in many areas and many price points. Multiple offers became the norm in many markets and agents found themselves busier than they had been in years. The market was moving, buyers were out looking and sellers who previously couldn’t sell were finally getting the offers they needed to make a move possible. Pending home sales rose consistently and real estate was back in the media in a positive way.

However, agents in many areas may have noticed a slight slowdown in August prompting concern about whether the market was taking a turn downward. To answer this question I want to address some key things that we need to look at to answer that question.

HOUSING AFFORDABILITY INDEX
The housing affordability index is measured looking at median home prices, median family incomes and the mortgage interest rate. The higher the index, the more buying power a buyer has. As the index reduces, so does the buyer’s buying power. The recent increase in home sale prices nationally and regionally has caused the Housing Affordability Index to decline from 196.5 in 2012 to 175.8 in 2013. It is going down even further in many areas. The West Coast has been particularly affected because of the high price gains in the past 18 months.

NEW CONSTRUCTION
Even though the market has picked up, we still have not seen enough new construction development to keep up with the demand. It is still difficult for builders to get financing and although it is better than it was, it is still not where it needs to be. That is why some areas are having such dramatic price gains; there just isn’t enough inventory. In many areas we are seeing a shortage of new construction which means that prices will continue to be pushed upward if this shortage is not filled with new homes. Our new home product is built by two different types of builders: the production volume builder and the small builder. The small builder still struggles to get financing because they have not yet made up for their losses from the past economic challenges.

CONSUMER CONCERN
We have also seen recent dips in the stock market which always brings up questions and concerns for consumers, when consumers are concerned they stop buying. When consumers stop buying it creates a domino effect. As weather begins to change and kids return to school I am fully confident that the real estate market will continue to move along at a very healthy pace. Consumers will soon forget about the stock market declines and the change in the weather and they will once again settle in and put their attention back to buying or selling real estate.

WHAT THIS MEANS FOR BUYERS
Buyers who buy right now will benefit from the temporary slowdown in the market because they won’t be competing with as many other buyers. Buyers who are serious need to take advantage of this temporary distraction in the market.

WHAT THIS MEANS FOR SELLERS
Sellers who need to sell right now need to get serious about their price. “Market” priced homes ARE selling and if sellers want to sell there are plenty of serious buyers out there right now taking advantage of the timing in the market.

The real estate industry is a moving market. It expands contracts, corrects and grows. Trust that any slowdown you may be experiencing is only a very temporary “breather” that is healthy for the market to take.

by on August 14th, 2014

 

Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

 

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 
Posted on August 15, 2014 at 8:08 pm
Cary Perkins | Category: Current Portland Real Estate Market Information, Portland Oregon Real Estate, Portland Oregon Realtors, Portland Real Estate Data | Tagged , , , ,

My greatest home ideas are waiting for you….

 

 

 

Some of my greatest ideas come from Pinterest.  Painting kitchen cabinets, restoring dirty grout, adding a bathroom to the attic, and other do-it-yourself tricks and ideas are some of the many useful "pins" you'll find on my "boards".
 
Perusing Pinterest can be addictive, so in an effort to save you the time and trouble, I've accumulated a lot of fabulous how-to guides and home ideas. 
 
You don't need to set up a profile to use Pinterest – simply click on the link below to access my collection. 
 
http://www.pinterest.com/caryperk/ideas-for-my-clients/
 
 
Cary Perkins,
Windermere Top Producer
Fun With Real Estate
Current Portland Oregon Real Estate Information,
Highlights of Portland Oregon, House Ideas
Portland Oregon Homes

by Cary Perkins

Portland Real Estate, Portland Oregon Top Producer, Windermere Top Producer, Portland Realtor, Portland Homes for Sale

 

 

 

 

 

 

Posted on July 16, 2014 at 8:03 pm
Cary Perkins | Category: Beautiful Houses, Decorating Ideas, house idea of the day, House Ideas | Tagged , , , , ,