Blog Stories Living the charmed life

Living the charmed life

By Carson Mead, August 23, 2018

Katana and Matt have been living in Portland for a few years, and have been dreaming of owning their own home. Dreaming hard. They came to me last year and were pre-approved for around 200K, which doesn’t get you a lot in the Portland market. We looked at heavy fixers, and houses that were just downright scary. It became obvious quickly that as first time home buyers, they were in over their heads for what the market would bear. They told me they were going to take a break, and when they were ready they’d come back to me.

I was pleasantly surprised to hear from them again last month. They had circumstances change in their lives and were ready to start looking again. After a few tours together, we found a really solid ranch style house in SE Portland near Powell Butte. We visioned out what a basement ADU might look like, as that was an important aspect of the home. My buyers wrote a competitive offer, and with four other offers coming in, the sellers selected their offer. It felt like a personal victory to have them move into contract on such a solid house. After celebrating, we pivoted towards the inspections, which came back mostly clean. We were able to negotiate some repairs that worked for all parties involved.

Katana and Matt are closing today, and they are so thrilled. It’s truly been a charmed transaction, as all the pieces have fallen into place. The appraisal even came back over the purchase amount for instant equity. I am so excited for my clients, they truly deserve it after a lot of hard work. The chance to unlock a life goal and help them in a solid investment is what makes this such a fulfilling job for me. Please call/email me if you’d like to talk about your goals and what’s important to you!

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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