August Newsletter

I hope you’re all enjoying the fabulous summer months. We’ve been busy with real estate and anticipate even more activity this fall when everyone returns from vacation and thinks, “I meant to buy/sell a house.” While interest rates are still a bit of a drag, there’s a glimmer of hope for a potential adjustment by late September. Time will tell!

Thank you to everyone who attended the Summer Concert in the park! I loved seeing you and catching up with your lives!

By now, you’ve likely heard about the upcoming changes from the National Association of Realtors’ class action suit. The settlement will remove all references to compensation in MLS listings and feeds, and historical compensation data will no longer be searchable. Although this transition might involve some extra work, the aim is to enhance transparency and empower consumer choice in the home buying and selling process.

• On the listing side, sellers may offer concessions to buyers, which can be used to cover the compensation due to the buyer’s agent. However, these concessions will not be listed in the MLS. Buyer’s agents will have separate agreements with their clients, yet may negotiate compensation directly when writing a contract. This change is designed to promote transparency and stimulate more meaningful conversations about consumer choice. I am closely studying the new requirements and am committed to representing you with the highest level of expertise and ensuring your needs are prioritized.
• On the buyer’s side, all agents must have a buyer’s agreement in place before showing homes. This agreement must outline the agent’s compensation to be paid by the buyer. As always, I am here to provide the necessary data to help you make informed decisions and to represent you with the utmost professionalism.

With any rule or law change, there will be questions. For example, will entry-level buyers only look at homes offering concessions? Will sellers reduce their prices if no offers of concessions are made? Will appraisals adjust for historical compensation data? These questions and more will be addressed as we navigate these changes together.

We can still advertise seller-paid concessions on our listings through MLS alternatives such as social media, flyers, and personal websites. Please feel free to reach out to me anytime for more information or to discuss how this settlement may affect your specific situation. I value each of you and am here to guide you through the real estate process with the highest ethical standards and professional expertise. As a REALTOR®, I will always adhere to the REALTOR® Code of Ethics and work to achieve my clients’ goals.

Most buyers will contact their auto insurer to obtain a bid for homeowners insurance. If you need an agent recommendation just reach out and we can put you in touch with local insurance agents. Your insurance agent will walk you through the options that include general homeowners, earthquake insurance, flood insurance and any other options that might apply to your home.

The annual cost for Property Insurance will be paid as a part of closing, just select your coverage and let your Lender know the name and number of your Insurance agent.

Discover the perfect blend of style, comfort, and convenience in this wonderful NW Contemporary residence, ideally situated just minutes from the high-tech corridor and NW Portland’s vibrant shops. Nestled on a spacious corner lot, this home offers a serene and private setting while being close to everything you need.

The living room offers soaring ceilings, walls of windows, and original hip cool contemporary lighting that create a warm and inviting space to gather and connect. Enjoy gatherings in the formal dining room or relax in the large family room featuring a cozy wood-burning fireplace. The kitchen has stainless appliances, an eating bar, and nook area.

Upstairs, you’ll find four generously sized bedrooms, offering comfort and privacy for the whole family. Plus, there’s a surprise bonus space that can be transformed into a home office, playroom, or creative studio – the possibilities are endless!

Benefit from the excellent West Sylvan Elementary School, and explore nearby parks and recreational areas. This home is perfectly positioned to enjoy the best of both urban and suburban living.

Chinese Festival
August 3, 2024

Pioneer Courthouse Square
Join the Oregon Chinese Coalition for the Chinese Festival in the Square. Celebrate Chinese American culture and enjoy nonstop entertainment, delicious Chinese food, authentic arts and crafts, and much more. LEARN MORE

Original Practice Shakespeare
August 9, 2024 at 7 PM

Lower George Rogers Park in Lake Oswego. OPS FEST– First Folio editions of Shakespeare’s plays include all the cues an actor needs to perform their role without rehearsal. This allows the truest reaction to the story as it progresses. This lends a much more immediate, organic, and improvisational feel. LEARN MORE

Portland Bridge Pedal
August 11, 2024

Portland’s annual Bridge Pedal is a community celebration of the city’s iconic bridges and biking culture. Bike or walk on Portland’s car-free streets and bridges. Portland’s Bridge Pedal is one of the largest community bike rides in the world and one of the city’s favorite summertime traditions. LEARN MORE