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Norm Rice, (Realtor) CRS, ABR, SRES, e-Pro

Are We Google Waving Our Valuables Goodbye?

Searching for answers on the internet for just about everything from what to do with left-over turkey to what to do with Grandma, to where to find your most valuable asset, your home, has become commonplace and part of our everyday google language.

In the process, are we waving our valuables and our value away?

After 97 years of being surrounded by intelligent conversation, stimulating art, and comfortable home surroundings, Elsie now lies in an assisted living bed at 3:00 in the afternoon, not wanting to eat, and surrounded by cold walls, 2 unfamiliar chairs, a foreigners bed and young attendants that are concerned about paying their bills on their minimum wages. The outside world drives by commenting on what a nice looking assisted living they discovered from their googling friends. Do they care that Elsie was "put there" rather than "appropriately placed" by her Realtor partnered niece who discovered a quick solution? Who needs a local care consultant, or senior placement professional that might challenge us to take the time for appropriate, person-centered placement? After-all, "we found it on the internet" they say. "Plus, our high school sweetheart that we met again on Facebook said it was a good place." "We know all about senior care facilities - we have a Realtor in the family" Really??

Driving through Elsie's neighborhood, I spot the neighbor who purchased the FSBO home down the block two years ago when the market was hot. I recalled my cringing facial expressions and my exclamation of "Your Kidding" when I heard he price they purchased the "fixer-upper". Yes, after the neighborhood hermit who had lived in the home for over 50 years decided she could no longer manage her own safety alone, I was enlisted to sell the home. A local painter purchased it for less than $175,000 and with some "remodeling" and once painted with some designer colors, made it quite attractive. After learning that the price he wanted after his cosmetic fixes was higher than any professional Realtor felt comfortable with listing, the painter put up a FSBO sign. Using Craigslist & thinking they could get a better deal with purchasing from a FSBO seller, the young couple felt they had unearthed a hidden gem for the asking price of only $425,000. As I drove by, I wondered if Google told them of the original wavy window glass and the panes that would not open, or that there was no insulation in those freshly painted walls. Would a local inspector or a professional Realtor perhaps have helped keep those energy bills a little less and a lot more in their local savings account?

Google, Facebook friends and family, Craigslist, and even these great real estate blogs, can provide valuable insights and help. The interent is an incredible starting point. Whether we be an internet junkie, a doctor or lawyer, or a Realtor, I agree wholeheartedly we need to utilize all that the internet has to offer, yet at the same time let's always couple it with the utilization of common sense, and local, experienced professionals. Elsie's family may have had professional Realtor knowledge, however, they waved goodbye to the local Portland Senior Care Placement Specialist, just as the FSBO discoverer utilized Craiglist and waved Goodbye to an experienced local Realtor with local neighborhood knowledge.

Rather than waving goodbye, perhaps together we can help keep the internet married or partnered with our local professionals, no matter if we are Realtors, Mortgage Brokers, Doctors, Social Workers, or Insurance Specialists. Isn't it still true, that no matter our professional or education, we all can benefit from the professional experience of those within our local community who have earned through lots of hard work their professional standing and reputations. Mr. Internet .. thanks for the introduction.



Portland Real Estate - Cycling your Dream Capital into Reality

Inspired by the recent news headlines that Portland has been named as one of the cyclist commuting capitals of the US, I decided to dust off my bike parked on its trainer in my office and put it to good use. Since it had been some time since my shoes had hit the pedals, I soon found myself not part of a pack, but a follower. Have you ever noticed that if you are always simply following, if you never are able to get out in front of a pack as a leader, it can get discouraging and perhaps overwhelming, thus leading to complacent dreaming? The view from behind may not always be that refreshing or exhilirating. A cyclist friend of mine recently commented how energizing it was when he finally put some energy to his pedal and set his own pace out front, rather than letting everyone else determine his speed or timing.

Recently so much in Real Estate news has been about whether or not we've hit the bottom - whether prices will continue to fall or will we now begin to see a turnaround. Our view of the real estate market seems to depend on who we listen to, who we read, or who we are associated with. As short sales and auction prices grab our attention, and as recent news reports about the welcome increase of home sales, we may find our blood starting to warm up and cycle again - thinking that maybe now is the time to sharpen our pens, call a mortgage broker or call Realtor Norm Rice. Maybe it is time to not just be a follow of twitter or sound bites, but to get out in front of our dreams.

Real estate today is not and should not be just about the first time home buyer and $8,000 tax credits. It is also about realizing our dreams and more importantly turning those dreams into reality. Dreaming of that escape near Mt. Hood, or that Rockaway Beach second home need not be like the tax credit that will soon go away. I suspect many of us have Real Estate dreams born not yet experienced by the first time home buyer - dreams born from home-owner experience. Perhaps it really is time to down-size and save, or even to upsize where we can entertain a life style we've finally deserved.

Cycling may find you at times following from behind, but isn't it time to get out in front for a fresh perspective? Don't you deserve at some point to turn your dreams and hard work into reality. From many perspectives, is there really a better time?

"It's An Exciting Place to Live" - Not a Boring Choice

Each morning, on a hill above Highway 26 my wife & I begin our day, coffee in hand, with a view of hundreds of people making their way into work or shopping in Gresham or Portland. Within a short time we will be joining that stream into the city. Over the last 8 years we have noticed a steady increase of morning traffic. We are continuously amazed at the number of people who have chosen to live out here in rural Clackamas county. What brings them away from the city - away from the advantages of inner city Portland life or being able to commute by bike? Why would anyone want to live in a place referred to as Boring? I'm sure there are as many reasons or answers as there are people in these hills. If you do live out here, what are your reasons for choosing the lifestyle of Boring?

Over 8 years ago, my wife and I enjoyed the neighborhood life of the Rose City area in NE Portland. Being able to walk pretty much wherever we wanted to go, whether it be to the LLyod Center or to have a beer at the Horse Brass Pub had all but become part of our family culture. As a Realtor, I've always enjoyed all that Portland has to offer and still do to this day. Having grown up in a rural community, city life was, and is, fun and convenient. The rural life though never left my blood. Having room for only a few tomato plants, perhaps an eggplant and a small patch of lettuce just never seemed enough. Why could I not have a goat or two - what do you mean I had to close all the curtains or shades in the morning so that the neighbors didn't have to be embarrassed caught looking? Rural life called & we answered.

Today, as the snow falls, we enjoy our Boring view, the soup made from the fresh produce from out large garden, watching the goats play, wondering where all the rabbits came from, and knowing that if we choose we are only minutes from a snow-trek on the Springwater Trail. Without any curtains to have to hide behind, we enjoy our Boring life.

Not everyone will hear the call to join us in Boring. Some will wish to just pass through on their way to Mt. Hood, perhaps enjoy a bowl of soup at the Full Moon, get a chuckle out of our name, and return to their search for a quality of life in Portland or beyond. Just know that in Boring, "It's an exciting place to live."

Oh by the way .. we even have a life on Twitter - Drop us a message or follow us for regular updates.

An Extraordinary Act of Giving Back From Within

Everyday, if we search even just a little in our community newspapers, we may find ordinary Americans doing extraordinary things to benefit others within our communities. Today as I read through our local Portland paper, The Oregonian, I found myself reading about my own little brother, Pat Rice in a column written by Margie Boule. Why didn't he tell me that he was going to be in the paper? Perhaps he thought I'd just laugh and see it as another stunt as his part to get some attention as the little brother in a family of nine. But, for whatever reason, I am very proud of Pat - he has gone out of his way to not only make a contribution to main street America, but without seeking accolades from his own family. What a great example to me of what it means to give back out of your abundance. And then there is the other lesson - sometimes we need to give credit to those within our own families. We don't always have to look far to find good people with extraordinary abilities giving. Thanks for the challenge Pat.

In case you missed it above, click here to see why this Rice is so proud.

Avoiding the Real Estate Market Stampede

Are you one of those that avoids the day after Christmas sales? The lines are too long .. the ridiculous traffic .. and who wants to get up early when it is your day off. The Portland Real Estate market is shaping up to be like those day after Christmas sales that if you are a potential buyer you may want to avoid. Why get involved in bidding wars, or having to wait days in line getting in to see your favorite mortgage broker. Today the November real estate market statistics were released and show that there are over 15,000 homes on the market in the Portland metro area. If only 1,000 of those sold per month, our present inventory would last us a good 15 months. That much housing inventory on the market has not been seen in years Will it last? Sales have also been sluggish in the Portland market. The 1041 sold listings during November was the lowest sales volume since 1993 and a 39.9% decrease from last November. But what does any of that have to do with your avoiding bidding wars, and waiting in mortgage traffic?

As the news media daily reports, and you can't avoid hearing, mortgage interest rates are in the low 5's and perhaps even lower depending on your credit and the day. These rates can and do fluctuate daily. There is no question that the interest rates are in your favor at this time. Check with a mortgage broker who knows your particular situation and credit score for the very latest. Housing prices have also declined on the average 10.7% since November 2007. Now .. how long will those declines continue? How long with the interest rates continue to go down? No one exactly knows. We may well bounce a little at the bottom for a while, but once word gets out that the market is changing for the better, then everyone who has been sitting on the fence all tend to jump off at the same time. Don't wait until the crowd all decides to move at once,

By waiting for the stampede, you may think you will be able to snatch the "best" deals - the best prices, or the choice properties, but in reality, you just may miss out. Don't take that chance that the property in Ladds Addition or the Riverfront property in West Linn that you had been watching is now sold or pending. Perhaps you have been trying to convince your parents to downsize and live in a one level home in Summerplace, a 55+ community. Don't wait until those one-level homes are gone.

Jump now , start your Portland Real Estate search now while you still have time and room to actually acquire those choice properties.

Norm Rice

1-800-339-0980