By Living Room Realty, October 29, 2020
Chris has been showing a whole bunch of homes outside of PDX lately – in the cities of Hillsboro, Beaverton, Tigard and West Linn. I’ve been getting a good chuckle when he reports back what sorts of conversations he’s having with those listings agents. Not only is the market hot in Portland, its uber hot out there as well. Homes in the burbs that are already priced over the comparables around them. are still going $20,000-$35,0000 over asking. The homes are buyers have written on have all been part of bidding wars.
Here’s what some of those agents are asking for behind the scenes:
Agent #1 – “Yes, I know this one is going to go crazy over. You’re right Chris, everyone that has written an offer are first time home buyers. Maybe you could just ask your folks to write in ‘no repairs what-so-ever’. Yeah, maybe that would get you close to getting the house.”
Agent# 2 – “I get that your buyers have never written an offer before. Can you have them waive their appraisal contingency and release their earnest money up front. That might get their offer selected.”
We can only chuckle. Money doesn’t fall from the sky. There is no way we are going to push our clients to do something they are not comfortable with. There is simply too much liability on all ends. We are excited for the market to change again – to normalize. 
