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...

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