Blog Stories Persistence and a little bit of luck

Persistence and a little bit of luck

By Living Room Realty, January 8, 2020

Whew… What a wild ride this one was. My clients have been looking for over 2 years for a gem of a house that is in a great neighborhood, with room to put a pool in, that needs some work so they can make it their own. We scoured the market and saw a lot of houses and missed out on a few. So, when this house popped up, we went to see it that same day and made an offer. We were competing as it was a great house, with a 3 mountain view, on an acre, within 10 minutes driving to NW 23rd.  I was so excited when I got a call from the other agent saying that they picked our offer!  But, during the home inspection, we discovered that the septic system needed to be completely replaced..  It wouldn’t have been so hard if we had a time line for when the septic was going to be done and signed off on by the city, but dealing with the weather, the city and easements, attorneys, made this one hard to pin down a closing date. We extended it multiple times and my clients after about 2 months, were just tired of the whole process and the idea that this could go on a few more weeks or month and that meant more money out of their pocket to extend the rate lock…. So, on a Friday, 3 months after we made our offer and multiple extensions, he decided to terminate.  They signed, the sellers signed and it was done. They were going to continue looking.. On that next Monday, 3 days later, we got an email from our escrow officer saying that the city had finally signed off on the septic system, which is what we were waiting for.  So I got on the phone with the lender, my clients, the other agent and we brought this deal back from the dead.  So, today is the day of closing and I couldn’t be happier for my clients!  We did it!

Living Room Realty

...
Read More
  • T: 503-719-5588
  • welcome@livingroomre.com

You might also enjoy

What You Need to Know About HOAs: A Homebuyer’s Guide

Will Sing

What is an HOA? An HOA, or Homeowners Association, is an organization in a subdivision, planned...

Just Listed: Turnkey North Tabor Duplex

Erika George & Kari McGee

5325 NE Davis St. Portland, Oregon, 97213 Amazing Investment Opportunity Well-maintained, side-by-side, Mid-Century duplex in North...

Just Listed! Stunningly Renovated 1928 English Cottage

Sam Wiener

7150 SE Alder St. Portland, Oregon, 97215 Nestled on top of a hill in the highly...

You Spin Me Right Round: Record Stores You’ll Love To Visit In Portland, Oregon

Constance Rigney

  Portland, Oregon is a city alive with abundant creativity, art, and music. It’s a city...