By Alyssa Isenstein Krueger, October 18, 2018
By Alyssa Isenstein Krueger, October 18, 2018
About 2 years ago I worked with a wonderful buyer named Ryan. Ryan bought one of the cutest houses in Portland- a little cupcake ranch in the Rose City Park area that was cute and sweet and perfect in every way. On the day that Ryan found his magical house, he brought along his good friend Cory, and that was the first time I met her. About a month and a half ago Cory contacted me because she was now ready to buy a house. We met up for coffee and she shared that she wanted to buy a house just like Ryan’s- a little one-story mid-century ranch in the Rose City Park/Montavilla vicinity. She was living with 5 roommates in a house with only 1 bathroom so the idea of owning her own little slice of homeowner pie was looking more dreamy by the minute. The following day she hooked up with a lender, and by the end of the week she had her pre-approval and financing in order. The following weekend, Cory went to a couple of open houses, and then I showed her a few more homes for sale. And lo and behold, only one week after we met for coffee, Cory found a version of Ryan’s house only 9 blocks away. The house had been on the market for nearly 3 months, and the seller had come down $50k from their original price- which was below $400k to begin with. And because we have turned into a buyer’s market for those houses who probably won’t win a beauty contest, Cory wrote an offer with no competition and had it accepted. The only issue that came up in the inspection was the need for a new sewer, and the sellers agreed to a credit for that. With a little grooming, some paint, carpet removal to expose hardwood floors, this small and sweet 3 bedroom mid-century has so much potential to transform into it’s cupcake.