By Living Room Realty, November 2, 2021
I met with Kami and Danny at Barista on NE Alberta St. They were referrals from some of my favorite past clients, and were really excited to be starting their search for a first home purchase. We talked for a while and got along great, and discussed the process of purchasing, getting their pre-approval sorted, and what the market is like in general right now. They also had their eyes set on a small house in N Portland close to where they live that had 1/3 acre. We made a plan to get the ball rolling, and I connected them with my go to lender. They were approved for a 3% down loan, which can be difficult sometimes to get accepted in a sellers market if there is a lot of competition.
We toured the house they initially loved, and it was not a slam dunk. It needed some love, both in the systems of the home and cosmetically – but the lot itself was really special. I recommended that we tour some other houses to get perspective on what their price range could offer. We saw a handful of other properties, and they initially decided to offer on a bungalow with a permitted ADU on the back. It was at the top of their price range, and there was also a cash offer in for it. I started creating context for why they would be great buyers with the other agent, and ultimately had them in first position to move forward. It was at the very top of their price range though, and in the end they talked it over and decided that they wanted to circle back to the little ranch on acreage. Since the house had been sitting, we negotiated a large seller credit and price reduction. We moved through inspections and were able to get a new sewer line along with additional credit to cover some minor repairs.
In the end, we had a very smooth closing, and Danny and Kami just got keys to their new home. They are super excited to start crafting the house and land to their image, with a special emphasis on community having a hand in developing that vision. I’m so excited for my clients, and can’t wait to see what they do next!
If you’d like to meet me at Barista in the courtyard to talk through your goals, send me an email!
