By Chad Meier, April 13, 2018
…with the right approach that is.
Ask anyone in my line of work, and they’ll likely have a few recent horror stories about buyer clients having had to submit 5 or more offers – sometimes way more – before they got under contract on a home. And boy did it feel good when they finally got their “win”! It can be heartbreaking, but it’s almost just accepted as the norm in this crazy Seller’s market we’re currently experiencing.
But does it have to be this way? My answer is a resounding NO (maybe not ;^)
Whether thru art, science, or sheer dumb luck on the part of their broker, my clients have have been beating the odds by a large factor. In fact, a quick look at the files shows that over the past 24 months, we’ve averaged a 1/1.73 win-loss ratio. That is, we’ve typically managed to get our “win” in under 2 attempts. No matter how you slice it, that ain’t too bad (all things considered).
Helping get that average down even lower are my recent clients Jake & Ulla. These nice folks just closed on a really sharp SW PDX home today (Friday the 13th). It was their 1st bid on a home in over 15 years. Couldn’t have happened for a nicer couple of people!
I’m often asked if the market is still really crazy? That obviously depends on what you’re trying to do, but my default answer is “It doesn’t have to be”.
Chad Meier
Broker | OR
He/Him
Hello, I’m Chad: Licensed Real Estate Broker, native Oregonian, photography aficionado, lover of old houses, friend to all animals, and powered by analytical data...
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