Blog First time home buyer Keep the Faith People: A Success Story of a Zero Down Payment, First Time Home Buyer Experience

Keep the Faith People: A Success Story of a Zero Down Payment, First Time Home Buyer Experience

By Sean Patrick O'Feery, December 29, 2020

A Zero Downpayment in this market?- Yes!
Under $400k?- Yes!
Cute house in SE?- Yes!
The loan is ‘Just for Starters’ from OnPoint Community Credit Union
Our Rock Star loan officer is Adam Rousse @ Adam.Rousse@onpointcu.com
 
Keep the faith people-
It took four offers on four homes in four consecutive weeks but my wonderful first time home buyers with an eye for ‘cute’ and attention to detail found a wonderful home to call their own. They took possession of their new home two days before Christmas and it was a joy to play a part in helping these two find their first home.
 
My buyers contacted me this fall out of the blue. 98% of my clients come to me by referral, whether it is from past clients, friends, an office referral or a lender referral, but there is almost always some kind of context. When the buyer called me and said that they had chosen to interview with me based on information they had found online, I was really surprised, but thrilled. 
 
Thank you to all of you who have left a review! Your kind words are finding their way!
 
These buyers agreed to a meeting in which we go through the process of a purchasing and I take notes on their goals. This conversation usually ends with the ‘with what?’ question, which is one way to say; what is your budget and what is the down payment? 
When these buyers let me know we’d be under $400k, ideally closer to $350k with a zero down payment loan… I took a deep breath. I know this market and I know very well that there are more buyers than there are sellers. We had ourselves a bit of a challenge, challenge accepted!
 
Right away we got out and started to tour homes. We saw some great ones, terrible ones, underpriced ones and some clearly overpriced. We made three great offers and got beat out very clearly on two. The third we landed a back up offer and the fourth we got acceptance!
 
The inspections went well overall but there were a few items that any buyer would ask for so we made a good case for needed repairs, requests were presented with bids from trusted contractors. The sellers signed off on all requested repairs in the form of $4500 credit to the buyers closing costs!
 
When the appraisal came back $4000 over the negotiated sales price we were clear for landing. These really wonderful buyers had been able to leverage a great loan option to their advantage and scored a great home for their first home together.
 
It’s my honor to work hard and get great results for my clients. I work with both buyers and sellers and love the work that I do.  I, of course, couldn’t do it without my team.  Thank you Nieka and Carly! 
 

Sean O'Feery

Broker | Earth Advantage | ADU Specialist | OR

Hello my name is Sean Patrick O'Feery,   I am thrilled to give you the attention to detail and service that you deserve from a skilled, motivated and intuitive Real Estate agent.  I love this work and will make your purchase or sale to be as smooth, rewarding and exciting and it should be.
  • My business has been built on referrals; over 95% of my clients come to me from other happy clients, friends, family or trusted lenders.
  • Integrity is the most important component of my business.  My reputation is a reflection of the integrity I bring to my work and I work hard to earn it.  You can count on me to give you my honest and informed opinion that will serve you first.  My fiduciary responsibly is to you; my client and I hold this ideal to the highest standard.
  • Communication is essential!  I will provide you complete and timely information so you can make good decisions.  I will keep you informed to the next step and beyond at every point of the process from the introduction meeting to the closing and beyond.
  • Negotiation skills in this business are a must; I will be a fierce advocate for you throughout the process.
  • A broad knowledge of homes and their conditions. Whether it is a 1909 Craftsman or a LEAD Certified new construction it is important to have experience of what and where to look for quality or concerns. We have our own experience in remodeling homes and maintain good relationships with inspectors and contractors.
  • I am always seeking to refine my practice, learning new tools or to solidify my knowledge of our market, neighborhoods and the inventory.  You can count on me to be informed, skilled and up to date with the latest search and marketing tools.
  • I want to maintain our relationship to continue and to be a valuable resource for you.  I love to be of service.
As your buying agent: I am dedicated to having you feel cared for before, during and after the purchase.  I meet clients where they are at and find out how I can provide the best service. Every purchase is individually tailored to each buyer. My priority is to find the home you love in the best condition for the best value. As your selling agent: I am dedicated to having you feel cared for before, during and after the sale. I will work closely with you to identify your priorities. A complete marketing plan supported by the brokerage best known in Portland for marketing tools, skills and style that will serve you well. My consistent focus on every sale is to get you the best return from the most qualified buyers for the sale of your home. My neighborhoods: I live on the East Side and know the areas from Gresham to the inner East Side like a well worn glove. I love to work, shop and spend time on the West Side. I know the nuances of the West Side communities from downtown to Hillsboro. Oregon City is a great community and Tigard is no stranger. For me, it’s about finding what is best for you in the greater Portland area. I am happy to introduce you to the unique communities that make this area so great! If you want to know a little more about me- I love, live and breathe Real Estate. & I built a home with my dad. I know what a quality build looks like and some things to watch out for. The inspection period in sale or purchase of a home is an opportunity for me to shine. I have recently remodeled two homes with my wife and we own a couple of great rentals. Maintaining great relationships with vetted contractors is a must in my life and work.   I spend winters watching the snow reports of Baker, Steven’s, Crystal, Brundage, Meadows and Mt. Bachelor. Photo is circa 1993 coming down from Camp Muir on Mt Rainier… in Oakley Blades.   This is my wife. This is my child. My pets. My family. If you would like genuine, focused and sincere representation in the sale or purchase of your home please call or email, providing excellent service has been a long-standing source of pride. Sincerely, Sean O’Feery (206) 795-0703 sean@livingroomre.com
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  • T: 206-795-0703
  • F: 503-961-8224
  • sean@livingroomre.com

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