Blog First time home buyer First Time Home Buyer Appraisal Lessons

First Time Home Buyer Appraisal Lessons

By Erika George & Kari McGee, October 12, 2020

We’ve had the most wonderful good fortune to be able to help get an amazing handful of first time home buyers into home ownership these past few months.  While the market has been incredibly competitive, we have had great luck helping our clients get accepted offers in multiple offer scenarios, or on the rare 2020 sleeper property before it gets noticed!

Our latest success story is first time home buyer Flo.  Flo had a bit of a set back when the lender’s appraisal for her loan approval on a new construction home in Hillsboro, came back at a lower value than what she had agreed to pay for the property.  As a result, Florence had to terminate her sales contract on that property.  While the pull of sexy new construction is strong, we helped Flo understand that there likely would be something else out there for her in great condition, but without the tippy-top of the market sticker price one generally finds in new construction.

Sure enough, Flo found a wonderful 2015-built, townhouse style condo in Happy Valley near restaurants, grocery stores and other services that she can walk to.  The property is bigger than the new construction home she had originally decided to purchase and she now has a sweet patch of actual yard out back, another feature that was lacking in her original property.  Like the new construction community in Hillsboro, this resale home also has access to an outdoor neighborhood pool.  Most importantly, the home is in terrific, like-new condition!

We are so happy for you Florence.  We happen to think that Happy Valley is the perfect place for our energetic, gift-giving, eternally cheerful (except after low appraisals perhaps), eternally HAPPY Flo!




Erika & Kari

Broker-Esquire | Principal Broker | Seniors Real Estate Specialists | OR

Erika George and Kari McGee are the highly skilled HouseLove PDX team at Living Room Realty in Portland, OR. 

As designated Seniors Real Estate Specialists (SRES®), Kari and Erika help Seniors and their families navigate aging in place, downsizing, multigenerational housing, senior community living options, and probate sales. These exceptional real estate agents will help you prepare for life’s transitions with compassion and expert guidance. Principal Broker Kari McGee is an 11-year Portland Monthly 5-Star Realtor® and has helped clients successfully navigate the evolving Portland real estate market for almost two decades. Realtor® Erika George brings to the table 20 years of experience as an attorney specializing in construction and contracts and has been a full-service real estate broker since 2013. These experienced real estate agents will help you prepare for life’s transitions with a customized plan designed for your specific goals.  Erika and Kari's in-depth market knowledge and savvy data analysis will help you make educated, pro-active decisions that will reduce stress and provide better outcomes for your real estate needs.  Given our foremost duty as a fiduciary, be assured that your best interests will always be at the very center of every decision we make together. And, as the great-granddaughters (they're cousins!) of a professional baker, don’t be surprised if your real estate transaction with Erika and Kari comes complete with pie, cookies, or the best homemade toffee in the world. We would be honored to help guide you through your changing real estate needs in Portland Oregon. CONTACT Erika George and Kari McGee 503.349.5449 | 971.322.6612
Read More
  • T: 503-349-5449
  • F: 503-961-8224

You might also enjoy

You have to play to win!

David Columbus

Nothing on the market, buyers can’t find what they want?  Get in the car and find...

Seller Credit vs Price Reduction – Which is right for you?

Marissa Sainz

I get a lot of questions when a buyer or seller is negotiating a price reduction...

Sweetening the Deal in Vancouver

Carrie Struss

Congratulations to first-time home buyers Xuan, Adam, and their pup Alan on getting the keys to...

Real Estate Hack: Buying with Buds

Lydia Hallay

Home ownership is often assumed to come with the trappings of “traditional” household formation (heterosexual coupledom,...