Fallon decided last summer that selling her house (and then trying to purchase another) in a quickly changing real estate market wasn’t going to meet her needs. She just felt like she was taking a hit on both her sale and her purchase. But Fallon had the luxury of flexibility (something we think is one of the most important aspects to have in order to make good real estate decisions). So, Fallon moved in with her then boyfriend, now husband Clyde (HURRAY – wedding present to be delivered soon!), rented out her cute NoPo home for a little under a year, and made some extra income on top of her mortgage for a while.
Fallon then put her home back on the market a year later when she and Clyde, had a much better sense of what their next steps would be after selling, ie: price point, location (they would have ended up in Wilsonville last year but now are concentrating on SE & SW PDX!), and ahem, exactly how they would be legally holding title together (married folks have automatic Rights of Survivorship in Oregon).
While Fallon accepted a lower offer on this property than she was expecting last summer, the benefits of this market for Fallon and Clyde as Buyers now are so much clearer. Prices are down in general so the lower offer she accepted on her home sale is a wash, they have a lot more inventory from which to choose in their price point, and a lot less competition. The whole picture just made so much more sense this year. It all just fell into place.
It’s clear to us that the keys to Fallon’s real estate success are definitely patience, flexibility & (surprise) love! Come to think of it, those same ingredients are probably a pretty good recipe for a happy life in general…
Congratulations to our wonderful client Fallon for selling her adorable NoPo “Tall-Skinny” and for getting hitched to one of the sweetest guys we’ve met!
Kari & Erika