We Found The House - The Price Is Right - Now For The Offer

By
Real Estate Agent with Alpine Real Estate

I love working with first time home buyers.  The feeling through out the transaction all the way to closing and after is so rewarding.  Today, a young couple I have worked with for 2 and a half years finally got an accepted offer on the perfect home.  A bank owned, brand new never lived in 4 bedroom home. 

This young couple has waited patiently - they have driven streets, they watch their email and they knew exactly what they could afford regardless of what they qualified for (lender would loan more than they wanted to spend).

We saw the home come on the market last month and made a low offer on it... we held our breath - the bank would not budge....they felt the activity they had would bring them a higher offer.  Guess what - it did not, they had to lower the price.... and again we made a run at this home and again the bank would not budge.

Monday the home had yet another price reduction.... lower than what we had offered not once but twice.... and guess what we did not offer full price - and guess what - we got the house.

Patience, teamwork and persistence has paid off - I am thrilled - now to get through the Typical Central Oregon Contingencies.  The Bank has already provided the septic info, well report and we are well on our way to a successful closing.

If you are ready to buy, just thinking about it, or not sure what you are looking for - sign up for your free listings.

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Topic:
Home Buying
Location:
Oregon Deschutes County
Groups:
ABR-Accredited Buyer Representatives
1st Time Buyers
LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Tags:
first time buyer
central oregon homes for sale
home buyers
best buyers market in 20 years

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Rainmaker
1,388,621
Vickie Nagy
Vickie Nagy, Broker Associate Realty ONE Group BMC Associates | BRE#01363932 - San Ramon, CA
Broker for San Ramon, Danville, Dublin, Pleasanton

I too have seen that patience can pay big dividends on bank-owned properties. Banks are just like anyone else. When a home is overpriced, they finally figure out that a price reduction is needed if they want to sell.

Apr 08, 2009 11:39 PM #1
Rainmaker
631,076
Randy Prothero
Island Style Realty Inc. - Mililani, HI
Hawaii REALTOR, (808) 384-5645

That is real patience.  Congratulations to your clients for finding the home of their dreams.

Apr 08, 2009 11:54 PM #2
Rainmaker
1,000,808
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Thesa:  That is awesome.  These buyers must now think you just about walk on water.  Hooray for them, and hooray for you !  Take care...

Apr 09, 2009 12:27 AM #3
Rainmaker
293,208
Kathy McGraw
CELLing Realty - White Water, CA
Riverside County CA Real Estate

That's great that your buyers finally got a home....just goes to show that we too have to be persistent in helping our clients.

Apr 09, 2009 02:10 AM #4
Rainmaker
157,106
Sandra Cummings
William Raveis Real Estate - Guilford, CT
Real Estate Agent, Guilford Connecticut

Silly bank

Apr 09, 2009 07:25 AM #5
Rainmaker
1,677,180
Rebecca Gaujot, the GO TO REALTOR
RE/MAX Vision Quest - Lewisburg, WV
Lewisburg WV Real Estate, Greenbrier County

Whata's wrong with the banks...well, your buyers got a great deal, and it does pay to be patient.

Apr 09, 2009 10:56 AM #6
Rainer
156,974
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

Congrats on your patience.  Many of us would have "kicked them to the curb" after two and half years.

Apr 09, 2009 02:46 PM #7
Rainmaker
640,510
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Thesa, that's great news.  I love working with first time home buyers; they are so much fun!!

Apr 09, 2009 11:00 PM #8
Rainmaker
331,047
Karen Pierce
Karen Pierce | Mortgage Loan Originator NMLS#223305 |360 Mortgage Group LLC NMLS #155922 Austin Texas - Austin, TX

Hi Thesa - Wow...you beat my 16 months and still going with a buyer who is patiently, persistently pursuing her first home purchase. I'm praying she finds the same success your clients have found. Good job!

Apr 09, 2009 11:38 PM #9
Rainer
118,729
Bob Sloop, Consultant, Indianapolis, IN
RS Mortgage Consulting - Indianapolis, IN

Thesa, your just an awesome Realtor...that's all there is to it....way to go, as usual.  And....gosh it is good to see you in the saddle again.

Apr 10, 2009 02:27 AM #10
Rainmaker
1,549,515
Andrew Mooers
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

When you are in a hurry, it costs more money, mistakes are made. Mother Goose Realty...isn't that where you work for those new buyers?

Apr 13, 2009 02:49 PM #11
Rainmaker
127,595
Amy McAllister
Amy McAllister Realty LLC - Hood River, OR
REALTOR Hood River, Oregon

That is great! It sounds like patience and persistence has or will pay off at closing. I have one client I've been working with for 4+ yrs. I'm hoping I can get him into a house this year.

Apr 13, 2009 07:14 PM #12
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Rainmaker
335,105

Thesa Chambers

Principal Broker - Licensed in Oregon
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