Blog First time home buyer The Portland Market can be Rollercoaster!

The Portland Market can be Rollercoaster!

By Savanna Ray, November 25, 2020

As you may know, the market in Portland right now is absolutely bananas. In fact, The Oregonian just wrote an article titled: Portland is Sold Out of Homes! Needless-to-say when my clients approached me in July about finding them a first time home I knew it would be challenging but their journey was more like a rollercoaster ride!

We toured over 60 homes in total all the way from deep Overlook to Mt. Scott. After making a couple of offers that were rejected, success! We reached mutual acceptance on a home near Madison High School. Sadly, after the inspection there were some issues with the foundation that were too scary so they backed out. Then it happened again! We were lucky enough to have had an offer accepted again and this time the mold issues were out of control. So sadly, after six rejected offers, two sale fails, 70 toured homes and more than three months we were back at square one.

Back to the drawing board! We revised our search a little with a small increase in our budget and renewed energy in our step and we went back out there. This time, they at least knew what to ask for when it came to the inspection. 10-15 more home tours and we found this little gem in the perfect Woodstock neighborhood that they originally wanted to be in. They were head over heels! The wood burning fireplace to the fresh maple flooring to the wisteria dripping on the pergola… all with three bedrooms AND two bathrooms! It’s difficult to find any home with more than one bathroom in this price range and with the age of homes in the neighborhood. But this one had it! Everything they wanted.

I knew there would be multiple offers and I wanted to make sure this was the home they would be able to call their forever home. I went to work and drafted an offer presentation that guaranteed our offer would go to closing over all the other offers. All-in-all there were eight other offers and because of excellent communication between Jamis and me our offer won out over the others even though it wasn’t the highest offer!

Getting to work with our own Jamis Minnis at Living Room on the other side of this deal was an absolute dream! Jamis was so helpful and prompt with her responses and communication. Knowing how to write an impressive offer presentation also didn’t hurt…wink! Now my clients have a cozy home in which to build their lives together.

Congratulations to my friends Danielle and Tyler!

 

Savanna Ray

Broker | OR

She/Her

Growing up in Oregon I have a distinct love for where we live that is uniquely and proudly Pacific Northwest. I have lived in nearly every neighborhood in the city and beyond. Before getting into real estate, I spent 20 years providing the highest-end service as a sommelier in some of the finest Portland restaurants as well as managing a world-class winery in the Willamette Valley. This is where my passion for the finest service began. When I was young, my parents were constantly looking at property and I absolutely loved when they would take me on home tours and to open houses. Furthermore, my architect step-father has helped me hone my eye for design. As someone who understands what the finest service means, I put all of this experience together creating a space for my clients to really be heard. I am dedicated to being an advocate for my clients no just by winning them the best price possible but understanding their goals.  I am an active member of my community; I have sat on the board of the International Pinot Noir Celebration as well as have volunteered for the event for the last 15 years. I am passionate about equal rights and the environment. In my spare time I love camping and hiking with my husband JT, five year-old son Wilder, and--the newest addition to our family--our new cocker spaniel puppy Betty White.
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  • T: 503-267-0923
  • savanna@livingroomre.com

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