Vince Nguyen

02/11/2024

January 2024 Numbers are in for Oregon, trending down but YOY increasing in certain areas! Less house on the market compared to last year but we are seeing more transactions. Price has not changed much and inventory has increased since last year.

LISTINGS 🔻
12,930 (-9.6% YOY)

SALES 🔻
2,499 (+3.1% YOY)

MEDIAN SALES PRICE 🔻
$360,356 (+.6% YOY)

INVENTORY 🤝
3.38 months (+19.5% YOY)

02/08/2024

🔴 It is tax season and why not get money back FREE money from the government!

Did you know that the mortgage interest and property tax is tax deductible? Many that have never owned a home did not know that this is one of the benefit of owning a home. Especially if you make a substantial amount and are in a higher tax bracket.

💵 Typical tax for homes (500k) in Oregon in 2024 are taxed around $3500 and with the new interest rate can carry a hefty $25,000 of annual interest. Especially for professionals, if you are taxed at a nomial rate of 30%, this could mean that you can owning a home can bring you $8,550 back into your pocket vs renting. That is $712.5 a month, if your mortgage is $2,500 a month, this makes it effectively $1,787.50 a month.

This would make a lot of sense for many renting for approximately the same price, as the perks of homeownership has been proven to provide the stability for professionals to focus on advancing in their careers.

02/04/2024

🏡 Single Family 2,584 square feet home, 5 bedrooms 2.5 baths. Hardwood Floors, High Ceilings, Soaking Tub, Wall to WallCarpet, Wood Floors. Located in a great area, Orenco station with stores/transportation/restaurant. Close to all the Intel, Salesforce, Nike, Tektronic, and other large company.

Call 503-473-9039 to schedule a private showing.
Text "Orenco239" to 541-316-8646 for more information about this property.

Listing provided by Khunsamart Jiraphorn - eXp Realty
Check out the house tour: https://youtu.be/FhOuc_ue2Ko


https://myre.io/0CcxHEmvYDRq

Discover elegance and comfort in this remarkable property nestled within Hillsboro's sought-after Orenco neighborhood. Rich hardwood floors lend warmth, whil...

01/31/2024

🔋⚡ Enhancing Winter Preparedness: Power Solutions for Your Home ⚡🔋
As we gear up for the next winter, it's essential to consider reliable power solutions to keep our families safe and comfortable during outages. Here are three options to improve the experience for families next winter:

🔋Tesla Powerwall:
The Tesla Powerwall is a cutting-edge battery backup system that stores energy and can power essential circuits in the home during outages. While the upfront cost can be in the thousands, it provides a reliable and environmentally friendly power solution.

🔥Natural Gas Generator:
Installing a natural gas generator can provide a seamless backup power source for the entire home. While standby generators are typically more expensive, they offer a long-term, low-maintenance power solution, ensuring comfort and security during outages.

🚘Small Gas Generator:
For a more budget-friendly option, a small gas generator, ranging from $300 to $900, can be used to power essential appliances during outages. However, it's important to note that these generators are manual and typically provide power for a limited number of devices.

Each option has its own advantages and considerations, so it's important to assess the specific needs of your home and family when choosing the most suitable backup power solution. Let's ensure a safe and prepared winter for our loved ones!

01/29/2024

🏡 "Arcadia" plan - Main Level Primary Suite, 2 beds, loft, gourmet kitchen, fenced yard. Central air, 2-car garage. Rosedale Parks Neighborhood. Community pool, gym, clubhouse. Nearby trails, parks, The Reserve Golf Course.

Private showing available! LUXEVISTA REALTY LLC is doing showings.
Call 503-473-9039 to schedule a private showing.

Text "RoseDaleParks" to 541-316-8646 for more information about this property.

Listing provided by Julie Tran - eXp Realty

Elevate your lifestyle with the "Arcadia" plan,...

01/26/2024

🥶Freeze Preparedness Tips for Homeowners in Portland, Oregon 🔔

With the recent winter freeze catching many off guard, it's essential to be prepared for the next one. Here's a checklist of items and steps to help you get ready:

🏥Emergency Kit at Home:
Water: one gallon per person, per day
Non-perishable, easy-to-prepare food
Flashlight and extra batteries
Battery-powered or hand-crank radio
First aid kit and medications (7-day supply)
Sanitation and personal hygiene items
Cell phone with chargers
Emergency blanket and extra cash

🏕Supplies:
Propane lanterns, camp stoves, and multi-wick large (70 hr) candles
Woodstove and insulation for walls and attic
Caulk, weather-stripping, and storm windows for doors and windows
Insulation for water lines along outer walls

🚗Other Preparations:
Keep your car fueled and in good working order
Have contacts for assistance ready

Stay informed about the weather forecasts and check on your neighbors, especially during freezing temperatures. Let's stay prepared and look out for each other!

01/11/2024

🏘 Renting a House:

Pros:
1. 🤸‍♀️ Financial Flexibility: Renting provides short-term financial flexibility with lower upfront costs and no long-term commitment.
2. Maintenance Responsibility: Landlords typically handle property maintenance and repairs, relieving tenants of the associated costs and responsibilities.
3. Location Flexibility: Renting allows for easier relocation, making it suitable for those with uncertain job or life situations.
4. Predictable Expenses: Renters often have fixed monthly expenses, making it easier to budget without unexpected homeownership costs.
Cons:
1. 💵 No Equity Buildup: Rent payments do not contribute to building equity, and renters don't benefit from potential property value appreciation.
2. Limited Control: Renters have limited control over the property, including the ability to make significant changes or upgrades.
3. 💸 Rent Increases: Rental prices may increase over time, potentially impacting long-term affordability.

🏡 Buying a House:

Pros:
1. 💹 Equity Building: Mortgage payments contribute to building equity, providing a long-term financial benefit and potential for property value appreciation.
2. Stability and Control: Homeownership offers stability and control over your living space, allowing for customization and investment in property improvements.
3. 💸 Tax Benefits: Homeowners may benefit from tax deductions on mortgage interest and property taxes.
4. 💰 Long-Term Investment: Real estate can be a long-term investment, potentially providing financial gains when selling in a growing market.
Cons:
1. 💰 Upfront Costs: Buying a home typically involves substantial upfront costs, including a down payment, closing costs, and potential maintenance expenses.
2. Market Risks: Property values can fluctuate, and economic conditions can impact the housing market, potentially leading to financial losses.
3. 💴 Responsibility for Maintenance: Homeowners are responsible for property maintenance and repairs, which can incur additional costs.
4. Less Flexibility: Selling a home can take time, and homeowners may face challenges if they need to relocate quickly.

When deciding between renting and buying, it's essential to weigh these factors against your financial situation, lifestyle, and long-term goals. Additionally, consulting with a real estate professional can provide personalized advice based on the specific conditions in 2024.