Real estate agents, following their advice, benefit from Portland’s hot market by selling their homes.

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Like all real estate agents, Shannon Montgomery is knowledgeable about Portland’s hot metro market. The list of houses for sale dropped to a minimum. lowest level ever recorded… Sellers of desired residential properties receive quick bids, sometimes exceeding the asking price.

And the selling price continues to rise: According to the latest report from the Regional Multiple Listing Service (RMLS), the buyer paid an average of $ 15,000 more in May compared to April.

Montgomery manages his role using his usual professional skills and the support of his clients. However, this time she is a client.

She pointed her home in 3885 NE Wistaria Dr. in the Portland area of ​​Beaumont-Wilshire for sale at a price of $ 1,995,000.

Other real estate professionals who tell clients it’s time to sell are also following their own advice.

  • 1234 SW 18th Ave. # 210 Portland Goose Hollow is up for sale for $ 425,000 by owner Subramaniam Sitharaman of Mapa Realty NW. The contemporary style condominium, built in 2008 at the Jefferson complex, has two bedrooms, 1.5 bathrooms and 1,001 square feet of living space, as well as a large west-facing terrace.
  • 2225 NE Everett St. in the Cairns area of ​​Portland costs $ 495,000. Built in 1923 on a 4,791 square foot plot, the bungalow has two bedrooms, one bathroom and 2,252 square feet of living space. “There are skylights on the third level and a large unfinished basement,” said owner and listing agent Nick Rulli of John L Scott Portland SW.
  • 6920 SW 7th Ave. in Portland, Hillsdale, costs $ 599.00. The two-story home, built in 1871 on a 4,791 square foot lot, has three bedrooms, a bonus room, two bathrooms and 1,728 square feet of living space plus an additional 450 square feet in an unfinished basement and terrace. owner and listing agent Allie Lindeman of the Premiere Property Group.
  • 3233 NE 53rd Ave… in the Rose City area, Portland Park costs $ 639,000. The bungalow, built in 1926 on a 4,791 square foot plot, has four bedrooms, three bathrooms and 2,096 square feet of living space with a family room in the basement, said owner and real estate agent Huong Ta of More Realty.

What is the advantage of real estate agents acting as a seller?

Unlike new Owner Selling newbies, real estate professionals have the training and experience to navigate the complex journey from preparing a property for market launch to closing day when the deal is transferred to a new owner.

Real estate agents can also get about half of the commission minus brokerage fees, or about 2.5% of the sale price if they are the owner.

Lack of Personal Home Agents? Emotions. It’s hard to separate when a home buyer criticizes your space. And despite their experience, agents share the doubts of any salesperson.

“What is it like selling your own home as a real estate professional?” asked Montgomery, who is assisted by colleague Daniel Duggan of the Premiere Property Group. “Gosh, can I mention sleepless nights? Am I talking about getting hung up on every detail before launching? Am I talking about calculating numbers? “

After putting the house up for sale, she joked that she had the usual reaction of sellers: why was my house not so clean when we lived here?

She said she didn’t believe it would be easier or more difficult for a real estate professional to sell his own home.

Concerns about whether it will sell are shared by the agent and the owner. There are the same nightly questions: is it the right time? Is this the right decision for our family? Are we ready to give up the orphanage?

Buyers should not be harmed if the seller is a licensed real estate agent after regulations– said Jeremy Rogers, Oregon Realtors Director of Legal Affairs of the Association.

“Real estate licensees have a legal and ethical obligation to all parties to the transaction … to conduct business with honesty and integrity,” he said.

Representative real estate agents must disclose this fact in all advertising and at the first written agreement between buyer and seller. The sale must also be processed in the same way as other transactions, including oversight by the broker and handling all paperwork and funds, Rogers added.

“From the buyer’s perspective, the experience shouldn’t be much different if the seller represents himself than if the seller was working with another agent,” he said. “This is because the buyer appears to have their own agent to help them track their interests in the transaction.”

The decision to part with a home, even in a seller’s market, is more than just a financial matter.

Montgomery and her husband Stuart Montgomery bought their almost half-acre property in North East Wistaria Drive 16 years ago when their four children were young. The home has five bedrooms, 3.5 bathrooms and 5,313 square feet of living space.

Now the kids have grown up and moved in, the couple decided to sell their stately English Tudor-style home with large rooms, wood floors and history.

As they leave the 1931 Yaws mansion, also affectionately known as Wenok House, they will take with them the memories of children walking through a revamped kitchen, sporting events at the end of the season, fundraising for Grant High School, and family media evenings. hall or in the backyard around the gas pit.

“The huge kitchen island hosted pumpkin carving contests and cookie baking marathons,” she recalls. “Favorite old memory – from a November night when we had dinner for 30 people at round tables, lighting only candles.”

Cooking at home is made easier with a six-burner gas stove, two sinks and two full-size dishwashers, one of which is specially designed for large pots and pans.

She compared her home to “keeping memorabilia” in hand and talked about the benefits of renting storage space instead of making difficult decisions on the spot about which items to keep or give away.

In the end, she and her husband think it’s time to sell. “Our children have grown up,” said Montgomery, “and we are ready for new adventures in life.”

– Janet Eastman | 503-294-4072

jeastman@oregonian.com | @janeteastman

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