My office is moving to Beaumont!

Please come see me sometime at my beautiful new office which is right in the heart of Beaumont Village (next to Pip’s Donuts!) The grand opening is December 12th and you are welcome to stop in any time. I will have a desk there and access to our beautiful conference room space as well for client meetings and classes, etc.

Let’s meet up and grab a coffee the next time you are in the neighborhood. I would love to catch up and show you around!

Liza Stillhard, Brand New Keys

Premiere Property Group, LLC

4743 NE Fremont Street

Portland, OR 97213

President's Circle Award for 2022

For the second year in a row, I have been given the President’s Circle Award for sales of $10 Million or more. I am so grateful to my wonderful clients for trusting me to help them to achieve their real estate goals! It has been a year filled with a lot of iced coffees, phone calls, negotiations, driving around town, & late night offer writing. Seeing everyone get to the closing table makes it all worth it. Thank you!

4 Acres/ 2 Buildable Lots on NW Skyline

https://www.brandnewkeys.com/9400-9450-nw-skyline

OVERVIEW

Rare opportunity to build 2 dream homes on private and secluded 4+ acres on 2 adjacent Tax lots-minutes from N. Portland, Downtown, & SW Tech Corridor. The Seller has done extensive work with the City & County and has gone through Early Assistance with the City of Portland & can provide documents re:preliminarily approved home & septic sites and buildability. This serene setting is 0.7 mi from Germantown Rd. & 0.8 mi to the Skyline Trailhead/Forest Park. Great opportunity to build 2 luxury homes or one home + an ADU surrounded by nature with an easy commute and great schools!

Please call if you would like to tour this property (917) 519-6124

Liza Stillhard, Licensed Oregon Real Estate Broker, Premiere Property Group, LLC

Facts and features

  • Lot Size: 4.13 Acres (179,903 sq. ft.)

  • Land Lease: No

  • Lot Description: Private, Secluded, Trees, Wooded, Private Road

  • Number of Lots: 2, adjacent

  • Topography: Level, Sloped, Gentle Sloping

  • Elementary School: Skyline

  • High School: Lincoln

  • Middle School: Skyline

🏡Are we in the midst of a bubble??? 🤔

From REALTOR® Magazine

The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. That type of soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated.

“We have strong conviction that we are not experiencing a bubble in U.S. housing,” Vishwanath Tirupattur, a Morgan Stanley strategist, wrote in a note to clients this week.

Lawrence Yun, chief economist of the National Association of REALTORS®, agrees. He told Axios last month: “This is not a bubble. It is simply lack of supply.”

The rapid rise in prices may be concerning to home shoppers, however. The median selling price for a home is up $35,000 compared to a year ago, which is the fastest-paced increase since 2006, Tirupattur said.

But this isn’t 2006. Housing inventories are low, credit remains tight, and lenders aren’t issuing risky loans at rates like they did back then. Product risk—such as from mortgages with introductory periods, teaser rates, or balloon payments—comprised about 40% of the mortgage market between 2004 to 2006. More recently, those factors are now at only 2% of the mortgage market, according to Morgan Stanley.

Also, the housing market has a record low number of homes available for sale. At the end of March, there were 1.07 million homes available for sale, according to NAR data. For comparison, during the housing bubble, in July 2007, there were more than four times that—4 million homes available for sale.

Still, while home prices won’t keep climbing at the current pace. They aren’t expected to fall either, economists say.

“We are not at all suggesting that home price appreciation will maintain its current torrid pace,” Tirupattur writes. “Home prices will continue to rise, but more gradually.”

Full article on REALTOR® Magazine

🏡What if I can't pay my mortgage??😬

Click HERE for information about the recently passed major economic stimulus bill.

Many lenders right now are offering up to 90 days forbearance (mandated on federally-backed loans and private lenders are mostly coming up with some version of this as well)--but, yes- for many borrowers applying for a forbearance, the full amount of missed payments is due at the end of the 90 day period.

This is perhaps “relief", but not “forgiveness.”

For example, If your mortgage is $2,000---and you are granted forbearance until July---you would skip payments between now and July, but then owe $8,000 on July 1st. Even if they don't report negative feedback to the credit bureaus during the forbearance, they are not obligated to report positive feedback, which will most likely affect people's credit negatively in this way.

It’s really important to call your lender or mortgage servicer to get the details about what they are offering and ask as many questions as you can! Each lender is different, so people need to go directly to their mortgage co. to get the details. Even if forbearance is a necessity for some (and I am sure it will be some people's only option!), they should make all attempts to stay current on their property taxes and homeowner's insurance during this time, so that they don't also become past due! Ask about deferment and if that is also an option—- that means that the amount missed would be “tacked on” to the end of your mortgage.

Click HERE to lookup contact info for your mortgage co. if you need to talk to them about your options.

If you are a renter: Click HERE for great tips on how to ask for rent relief/assistance from your landlord/property manager. They have a hotline to help you and some sample letters.

For landlords, there are also options, but they need to ask for the forbearance in 30 day increments---up to a total of 90 days. They will also need to pay all deferred payments at the end of the period in most cases.

If you have a mortgage:

  • Single-family borrowers with federally-backed loans who can’t make payments because of COVID-19 are eligible for a delay in mortgage payments with no interest accrued, no reporting to the credit bureaus and no foreclosure actions for up to two 180 day periods. Contact your loan servicer to make the request. . BUT read the fine print and make sure you know when those deferred payments will be due!

  • Multifamily-borrowers (landlords) who can’t make mortgage payments because of COVID-19 are eligible for up to three, 30- day delays in mortgage payments. Contact your mortgage servicer to make the request.

  • There is a 60-day suspension on all foreclosures on federally-backed mortgages..

  • Many private banks and mortgage providers are offering similar relief. Check with your lender

If you are a renter or landlord:

  • Eviction Ban (Section 4024) The CARES Act (federal stimulus legislation passed last Friday) bans landlords from initiating eviction proceedings for nonpayment of rent for 120 days in properties where landlords receive federal funds or have a federally-backed mortgage. The law also bans these same landlords from issuing notices to vacate for 120 days.

  • Governor Brown’s Executive Order 20-11 from March 22 prevents law enforcement officials from delivering any notice or enforcing any eviction for nonpayment of rent for 90 days.

  • Multnomah County has issued its own eviction ban. Other jurisdictions may have as well. Several local jurisdictions (including up and down the coast) have issued bans on short-term rentals. Check with your local jurisdictions to see what bans are in place.

Call me with any questions— I will point you in the right direction if I can’t answer your question directly and I will keep you up to date on more mortgage “relief” options as I hear about them!

In health,

Liza

I hope you are ok.

I hope you are ok.

I hope that you are getting along ok and not too terribly affected yet in these very strange past few weeks. 

Many of you are artists, musicians, small-business owners, chefs, restaurant workers, & nurses (thank you!) and I want you to know that I am here if you are in need of anything at all--- a hot meal delivered to your door (no touching!), a grocery run, help connecting to resources that may help you stay on track financially in the next few months, and a good ol' fashioned phone call to catch up!  If you have recently become unemployed, know that I will keep you up to date on any mortgage relief or rent relief programs that I learn about if they come to fruition. Check my Instagram stories (@brand_new_keys) for more frequent updates!

Some of you have already reached out with real estate related questions and concerns, as well as advice on what to do as potential buyers & sellers.  Please know that I am very happy to share the insight I have gleaned from speaking with colleagues and professionals in my network to help you make the most informed decisions in the near future.  

I am still working showing houses (with precautions) until they advise us not to. I also hope that we can all take this time to slow down a little bit, focus on our health, get outside and enjoy the beginning of Spring, and try not to stress too much about what comes next.  Stress is a true killer of the immune system and I wish for nothing but a relaxing next few weeks in which you can get stuff done that you haven't been able to, connect with your families, work on your home projects, and get mentally prepared to get back to whatever you were doing before with a new perspective.

Please call me if you need any advice or if I can help you with anything!  

Wishing you health & prosperity,
Liza ♥️

Neighborhood Guide For Those Moving to Portland!🏙

Travel Portland is an awesome organization and their neighborhood guide provides wonderful insight into the wide array of neighborhoods that our little city has to offer.

I have been speaking with several buyers recently who are looking to make the move here from out of state, so this is for all of you!

I would love to help you discover these neighborhoods—-I have lived her for almost 20 years and I know this place like the back of my hand—-let’s get in the car and drive around together and look at houses! 🏡

Real_estate_map_2019.jpg