Blog Stories The Benefits of a Cooled Off Market.

The Benefits of a Cooled Off Market.

By Living Room Realty, November 15, 2018

Everyone is always asking me, “When is the market going to chill out? Am I ever going to be able to afford a home in Portland?”.  Well folks, it has CHILLED.  Homes are sitting a lot longer, my inbox is filled with price reductions every day, buyers have some negotiating power again, and the time to look is now.

Viva and Greg had only seen a couple of houses before we found this time capsule in Cully.  Everything about this house was pristine.  It had been owned by the same couple for close to 50 years and they were immaculate.  Aside from the perks of a new roof, furnace, paint, landscaping, double garage etc… there were so many mid-century details left intact.  There is a really cute stained glass window that separates the kitchen from the hallway, a wood pannelled office, a workshop in the garage, and a safe that has a giant combination and handles mounted into a secret spot in the house.

These guys came to us as buyers expecting to get a way crappier house and to get beat up in the market.  For whatever reason, this house had been sitting for 2 months without an offer.  They wrote a really nice letter, a strong offer, and were in contract in just a few hours.

When I met them with keys we popped champagne and opened the package the sellers had left for them.  In it was a bottle of wine, a letter from the two daughters who grew up in the house, a letter from the parents, and a thick 3-ring binder with everything you would ever need to know about the house.  When a deal goes that smoothly and the sellers make such a nice hand off, it really makes the house feel that much warmer and meant to be.  Cheers, Viva and Greg!!!

Living Room Realty

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