By Living Room Realty, May 23, 2022
Andy and Julia understood construction. They specifically wanted a house that had never been renovated or updated so that they could customize the remodel. Sometimes these houses can be even more competitive than houses that have had updates because Portlanders value the details found in homes with original pieces. The competition was fierce. Many cash offers and many buyers were going higher in price or willing to close even sooner.
One piece of advice we give our clients is that it is important to talk with your lender about the need to have a fast close and what steps need to be taken ahead of time so that when you find that home you want, we are ready to put forth a very appealing offer.
When Andy and Julia found that home, they had already done the work to be able to close quickly. This, combined with other pieces in our offer, made them the most appealing buyer and they got into contract!
Because of their knowledge of construction, they understood that inspections could cause them to worry. The inspection period is all about finding out the details of the house, what needs to be updated, what needs to be repaired, and what needs a complete replacement. This step is to protect the buyer from purchasing a property full of unknown issues. Now, in any property, there comes a time where updates need to happen to keep the home functioning excellently. With homes that have never been updated, you can expect that there might be a lot of repairs and replacements needed.
A lot of buyers would be extremely stressed or worried about inspections on a home as original and unique as this one, but Andy and Julia kept calm. They approached negotiations with clear expectations and without losing tact.
We fought hard to get Andy and Julia a great seller credit. Andy and Julia were calm and collected about this market and closed in time for them to go on a vacation right after the sale.
The timing was incredible – they bought their dream home, went on a vacation, and will be getting married all in one year!
Cheers to you both power couple! We are honored to have been chosen to be part of your Real Estate Journey!
