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

Real Estate Agent with Fred Real Estate Group

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.

Comments (12)

Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

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 04:39 PM
Randy L. Prothero
eXp Realty - 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 04:54 PM
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 08, 2009 05:27 PM
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 08, 2009 07:10 PM
Sandra Cummings
William Raveis Real Estate - Guilford, CT
Real Estate Agent, Guilford Connecticut

Silly bank

Apr 09, 2009 12:25 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

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

Apr 09, 2009 03:56 AM
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 07:46 AM
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 04:00 PM
Karen Cooper
Karen Cooper | Sr Retail Loan Originator ! NMLS # 223305 | 360 Mortgage Group LLC Austin Texas - Leander, TX
Helping Homeowners w/Home Loans in 27 US States

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 04:38 PM
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 09, 2009 07:27 PM
Andrew Mooers | 207.532.6573
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 07:49 AM
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 12:14 PM