Sale Fails Can Be a Buyer’s Best Friend!

If you are a buyer or a buyer’s agent in 2021, you just may come to love the words SALE FAIL.  Buyers are being put through the wringer this year but we’ve got a few tricks up our sleeves in this competitive market and one of them is to hawk the multiple listing service for properties that have gone back on the market after a sale fail!

Properties that have had a sale fail can be easy prey for a smart Buyer because these frustrated Sellers usually are very motivated to just get it done!  Plus, Sellers often have copies of the previous Buyer’s home inspection reports and while all that property information can be a bit daunting right out of the gate, it also allows Buyers and their agents to quickly access the major issues of a property, make a plan, and hit the ground running.

Enter Mike and Beverly.  Like most first-time home buyers, Mike and Beverly had taken it on the chin for more than a few offers. Mike and Beverly just wanted a house.  Mike and Beverly honestly would have been happy with pretty much any house with four walls at one point!  Mike and Beverly are handy and were willing to do work; a lot of work.  How could it be so hard?

And then we saw those gorgeous words ‘back on the market’, followed closely by the holy grail:  ‘sale fail’ for 15215 SE Harrison St.  We knew we had a shot if we moved quickly.  We requested the inspection reports which Mike and Beverly reviewed with a contractor.  That gave them the confidence to be able to waive the inspection contingency in full and bam, Mike and Beverly were under contract on a house that not only had four walls-  It was lovely!  15215 SE Harrison had a big sunny yard, a spacious, hip mid-century floor plan, and warm hardwood floors.  There is definitely room in the spacious, level lot to build that ADU for Mom, and to create community in a way that only homeownership affords.

We are so happy for Mike and Beverly who never lost hope, never gave up, and patiently waited for the right home to appear.  We are so in awe of the privilege that we were given to help these two wonderful folks find their first home.

To learn more about how to use sale fails to your advantage, and other Buyer tricks we have up our sleeves, give us a call!

Kari & Erika:  HouseLovePDX

971.322.6612

Erika George & Kari McGee

Broker-Esquire | Principal Broker | Seniors Real Estate Specialists | OR

Meet cousins Erika George and Kari McGee - the highly skilled HouseLovePDX Team at Living Room Realty in Portland, OR. 

Broker Erika George brings to the table 20 years of experience as an attorney specializing in construction and contracts, and 10 incredible years of real estate success stories.  Principal Broker Kari McGee is an 11-year Portland Monthly 5-Star Realtor®  with almost 20 years of real estate experience under her belt. As Seniors Real Estate Specialists (SRES®) we love to put our superpowers to work to help all kinds of folks transition to new chapters with compassion, expert guidance, and a customized plan.

Here are our Top Five Favorite Things to do for you:

1.  Ask you questions (lots of questions!) and actually listen to your answers. 2.  Show out-of-area Buyers all the fun neighborhoods and important spots that make the Portland Metro area special. 3.  Crack you and ourselves up with funny photos and random moments of hilarity that pop up in a day of touring homes or after a long day of listing preparation chores! 4.  Negotiate and advocate strenuously for you and your goals. 5.  Celebrate the many (big and small) milestones in a real estate sale or purchase. 6.  Watch your life grow and change after the sale closes, and be there for you when you need us. ps - oh how we adore your "look at what we did to this house" photos!  And lunch. We also adore lunching with you.  (Yes, we know, that's two in one and we're already at six...). 7.  Make "Top-Five" lists that always have more than 5 top-fives.  Just goes to show you how much we love to exceed your expectations! We would be honored to help guide you through your changing real estate needs in Portland Oregon. CONTACT Erika George and Kari McGee 503.349.5449 | 971.322.6612 Team@HouseLovePDX.com www.houselovepdx.com  

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• T: 503-349-5449
• F: 503-961-8224
• Team@HouseLovePDX.com