We Found The House - The Price Is Right - Now For The Offer

By
Real Estate Agent with Alpine Real Estate

I love working with first time home buyers.  The feeling through out the transaction all the way to closing and after is so rewarding.  Today, a young couple I have worked with for 2 and a half years finally got an accepted offer on the perfect home.  A bank owned, brand new never lived in 4 bedroom home. 

This young couple has waited patiently - they have driven streets, they watch their email and they knew exactly what they could afford regardless of what they qualified for (lender would loan more than they wanted to spend).

We saw the home come on the market last month and made a low offer on it... we held our breath - the bank would not budge....they felt the activity they had would bring them a higher offer.  Guess what - it did not, they had to lower the price.... and again we made a run at this home and again the bank would not budge.

Monday the home had yet another price reduction.... lower than what we had offered not once but twice.... and guess what we did not offer full price - and guess what - we got the house.

Patience, teamwork and persistence has paid off - I am thrilled - now to get through the Typical Central Oregon Contingencies.  The Bank has already provided the septic info, well report and we are well on our way to a successful closing.

If you are ready to buy, just thinking about it, or not sure what you are looking for - sign up for your free listings.

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Topic:
Home Buying
Location:
Oregon Deschutes County
Groups:
1st Time Buyers
ABR-Accredited Buyer Representatives
LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Tags:
central oregon homes for sale
first time buyer
best buyers market in 20 years
home buyers

Comments 12 New Comment

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Rainmaker
1,325,764
Vickie Nagy
Broker for San Ramon, Danville, Dublin, Pleasanton
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932

I too have seen that patience can pay big dividends on bank-owned properties. Banks are just like anyone else. When a home is overpriced, they finally figure out that a price reduction is needed if they want to sell.

April 08, 2009 11:39 PM
Rainmaker
620,106
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.

That is real patience.  Congratulations to your clients for finding the home of their dreams.

April 08, 2009 11:54 PM
Rainmaker
996,054
Karen Anne Stone
Fort Worth Real Estate
New Home Hunters of Fort Worth and Tarrant County

Thesa:  That is awesome.  These buyers must now think you just about walk on water.  Hooray for them, and hooray for you !  Take care...

April 09, 2009 12:27 AM
Rainmaker
291,777
Kathy McGraw
Riverside County CA Real Estate
CELLing Realty

That's great that your buyers finally got a home....just goes to show that we too have to be persistent in helping our clients.

April 09, 2009 02:10 AM
Rainmaker
156,900
Sandra Cummings
Real Estate Agent, Guilford Connecticut
William Raveis Real Estate

Silly bank

April 09, 2009 07:25 AM
Rainmaker
1,372,502
Rebecca Gaujot, RealtorĀ®
Lewisburg WV Real Estate, Greenbrier County
Coldwell Banker Stuart & Watts Real Estate

Whata's wrong with the banks...well, your buyers got a great deal, and it does pay to be patient.

April 09, 2009 10:56 AM
Rainer
156,491
Tom Boos
Sine & Monaghan Realtors, Real Living

Congrats on your patience.  Many of us would have "kicked them to the curb" after two and half years.

April 09, 2009 02:46 PM
Rainmaker
639,898
Marchel Peterson
Spring TX Real Estate E-Pro
Results Realty

Thesa, that's great news.  I love working with first time home buyers; they are so much fun!!

April 09, 2009 11:00 PM
Rainmaker
308,423
Karen Pierce
Karen Pierce | Housing Counselor |Oregon

Hi Thesa - Wow...you beat my 16 months and still going with a buyer who is patiently, persistently pursuing her first home purchase. I'm praying she finds the same success your clients have found. Good job!

April 09, 2009 11:38 PM
Anonymous #10
Anonymous
Anonymous

Thesa, your just an awesome Realtor...that's all there is to it....way to go, as usual.  And....gosh it is good to see you in the saddle again.

April 10, 2009 02:27 AM
Rainmaker
1,348,142
Andrew Mooers
Northern Maine Real Estate-Aroostook County Broker
MOOERS REALTY

When you are in a hurry, it costs more money, mistakes are made. Mother Goose Realty...isn't that where you work for those new buyers?

April 13, 2009 02:49 PM
Rainmaker
127,195
Amy McAllister
REALTOR Hood River, Oregon
Amy McAllister Realty LLC

That is great! It sounds like patience and persistence has or will pay off at closing. I have one client I've been working with for 4+ yrs. I'm hoping I can get him into a house this year.

April 13, 2009 07:14 PM
Anonymous
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Rainmaker
331,800

Thesa Chambers

Principal Broker - Licensed in Oregon
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