Blog Buyer When Patience Wins

When Patience Wins

By Kim Parmon, August 7, 2020

My friends, we are in a strange real estate market.  On the one hand, it’s normal to see homes fly off the market in multiple offers and close 20% or more above asking price.  On the other hand, you can have your pick of most of the condos in Downtown PDX.  It can be confusing to navigate if you aren’t used to doing it every day.

My client had his eye on a bank owned fixer property for awhile.  It had already been on the market for months when we went to take a look at it.  It was charming and had great midcentury lines.  He wanted to write an offer, but what should he do?  Yes, the home had been on the market for months but the market was so hot that he was worried about having to compete.  We came up with a number that he was comfortable paying, which was 28k below asking (almost a full 10%).  I wrote the offer and we submitted it to the bank!

And then we waited.  And waited.  Annnnnnddddd waaaaaaaaaiiiiiiiiiittttttteeeeedddddd.

It’s normal for it to take some time for a bank to respond but this was ridiculous.  My client started to get nervous.  He wanted to go back to the bank and up his offer to make sure he wouldn’t miss out.  I told him to keep waiting.  I checked in with the agent and she let me know that there were no other offers in, the bank was just taking their time.  So we continued to wait.  My client called me once a day to tell me to bump his offer up and once a day I told him “I can do that if you really want me to, but I don’t think you need to.”  And every day he decided to hold off.

Finally, we got the news: the bank had accepted his offer with no counter!  My council saved my client $15,000.  Having an agent who knows the market is worth it!


Kim Parmon

Principal Broker | Earth Advantage Certified | OR


Kim Parmon Principal Broker  Lead Listing Agent Earth Advantage Certified | OR Oregon is the fifth state that Kim has called home in her life, and this one is sticking!  After moving multiple times in her childhood, Kim fully understands how empowering homeownership and having roots is.  She loves waking up every day in this beautiful place and wants everyone to experience what it feels like to live in their dream home. As a kid, Kim spent her free time wandering through open houses and exploring construction sites for the fun of it.  After careers in the professional ballroom dance world, the entertainment industry, and the service industry, Kim stumbled into real estate as both a passion and a profession through the purchase of her first bungalow.  After renovating it with her husband and selling it for enough of a profit to pay off their debt as well as buy a new house to live in, everything clicked: she decided to get her real estate license and help her community experience the emotional and financial benefits of homeownership.  Kim put down roots in Portland in 2015 and has cultivated a referrals-based business throughout the years.  She understands that real estate is a service and the experience she gives her clients is first-rate.  She works hard to anticipate needs.  She is responsive, thorough, empathic, and a skilled negotiator who enjoys market analytics and strategy as much as she enjoys connecting with her clients.  Her ethics and reputation are the cornerstones of her business and the happiness of her clients is the yardstick that she measures success against. Kim merged her business with the best agents in Portland at the beginning of 2022, which has allowed her to give her clients more resources, more advocacy, and a top-notch real estate experience.  She is honored to be a part of her incredible team and feels lucky to go to work every day. In her free time, you'll find Kim enjoying lazy evenings by the fire with her husband, daughter, and rescue dogs.  She loves dancing, live music, exploring all of the beautiful places around us in the PNW, enjoying a cider and a good meal with friends, and browsing Powell's for a great new book. Andee Ziegler  Licensed Listing Team Operations Manager Loving where you live will change your life. Everyone deserves that joy. For me, real estate has been a way of nurturing my community and doing what I can to help people find stability, grow generational wealth, and create a little space of their own in the world. For 15 years I found the most joy in helping first-time homebuyers, guiding my peers through their first major investment and dreaming up what home means for them. I’ve done restoration work on homes from a variety of eras, 1894 Victorian farmhouse to classic 1950’s ranch. I enjoy empowering new homeowners with the knowledge I’ve garnered over the years, from systems to finishes.  In 2022 I joined forces with some of the best realtors in the biz and shifted my focus to operation management for listings. This welcome change opened up space in my life: more cake, less pants.   Andee Zeigler | Licensed Listing Team Operations Manager | Jessica LeDoux | Lead Buyer Agent | Broker Licensed in Oregon |  Karim Alaeddine | Operations | Principal Broker Licensed in Oregon |  Jenessa VanZutphen | Buyer Operations Manager | Licensed in Oregon | 
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