Blog Stories Flipping the condo into a ranch, part 2.

Flipping the condo into a ranch, part 2.

By Carson Mead, September 26, 2018

Alex finished up the sale of her condo in August. We had been looking at homes prior to her listing her condo, to narrow down what kind of home would be the right fit for her. After the sale of her condo, she had a much better idea of what kind of purchasing power she could expect to have on the new house.

Shortly after the sale, we toured a great ranch style home in a community just outside of Beaverton. The house has a wonderful courtyard style feel, with the U shape of the house centered around that feature. It’s full of flowers, and a really aspect of the home to see all the time. Her mom joined us for the tour and they both really fell for the home in general. We submitted a below asking offer, and after a couple of counters, we found that sweet spot where everyone was happy. The inspections came back mostly very clean–it’s a solid home. The crawlspace underneath was supported by very large old growth beams that will probably last centuries more.

Alex had a trip planned prior to all of this, and we worked the schedule of the timelines around that. We finished up negotiations, and made sure the loan was all dialed in so she could leave and not have to worry about the transaction. I sent her the occasional email to remind her that things were on track and to not worry about anything back home. The deal went off without a hitch, and she came back a week before closing, signed, and she just closed today.

Working with Alex from start to finish was about 4 months, and through it all we maintained great communication, clear expectations, and navigated through a sale and a purchase. She was a pleasure to work with, and I’m truly so happy that she was able to achieve all her goals– that’s what makes my job so fulfilling.

Carson Mead

Broker & ADU Specialist

My first introduction to the world of real estate came in 2004, when at the age of 22 I bought my first home in NE Portland with my sister. I still remember what a monumental life transition that was. Buying my own home laid the foundation for a lifelong love of all things related to houses. I enrolled in a year-long Building Construction program to gain more knowledge in housing systems and techniques. I have used those tools to enhance my own home both inside and out. I joke that my favorite part of a house is the basement, as that’s where I can see the health and maintenance of a home’s systems: plumbing, electrical, HVAC, foundation etc. While a home inspector is the professional on helping to understand the story of a home, I like to provide as much due-diligence as possible up front before you spend the money and get into contract. Ultimately my goal is to meet you in any endeavor that you are wanting to undertake. If you are looking to sell, I will develop a strategy that makes sense for you with your goals, timelines and marketing strategy. If you want to invest in your home before going on the market, we’ll look at what you can do to maximize your profit: be it refinishing floors, painting, modifying light fixtures, and getting it staged. If you need to stay in your home while selling, I’ll bring in my stager to help get perspective on how to pare down the feel of your home and have tangible goals to achieve in getting ready to go on the market. If you are looking to invest in Portland real estate, we can talk about the big four in analyzing properties. Rental income, principal reduction, equity growth and tax benefits. I work with spreadsheets to outline these assets so you can see the short and long term performance of your investment. Once last piece of my professional and personal life that I spend a lot of time thinking about are ADU’s (Accessory Dwelling Units). Also known as mother-in-law units and granny flats, these can be detached or attached. When I see a home, I look at the property in detail to see how the home is oriented on the lot and if it is ripe for a detached ADU (new construction), or if it is a good prospect for creating an attached unit (a basement apartment). I also look at the zoning to see what kind of potential this could add. I am in mid-process building my own detached ADU. The structure is going to be modern with clean lines and open concept. I live on a corner lot, which means the ADU can have it’s own street entrance. I also have zoning which will allow me to split the lot if I choose and sell it separately at some point. My plan is to keep it as a rental, but this will create a lot of flexibility both short and long term. I am a cooperatively focused broker, with a passion for helping people achieve their goals and succeed in their endeavors. I am patient, understanding, trustworthy, and truly care about your best interests. I serve on my neighborhood association board and the larger Northeast Coalition of Neighborhoods. Please let me know if you'd like to share a beverage, coffee, tea, beer/wine to talk about what’s important to you and see if it would be a good fit to work together. All the best— yelp
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