We Specialize In These Portland Area Communities

Forest Heights - Lake Oswego - Laurelhurst
Mountain Park - Palisades - Rock Creek

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10 Things to Consider When Making an Offer on a Home

There are 10 main factors to consider when making an offer on a home. Taking into account these factors will only make your offer stronger.

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When making an offer on a home, there are 10 factors that you need to consider so that the offer is as good as it can be:

1. Price. We tend to think of the listing price as being the proper price, but this isn’t the case. You have to think about what’s a good price for you, and what value really means to you. The key is to be flexible depending on what research your Realtor provides you.

2. The earnest money. This sum is normally 1% to 2% of the sales price. If we have the flexibility to put some more earnest money down, that will be looked at favorably by the seller.

3. The down payment. With a lot of financing, we can offer a really low down payment. The more you can put down, the stronger your offer is going to look.

4. The closing date. It’s important to work with your Realtor and determine what a good closing date would be for both you and the seller. If there’s some flexibility you can give to satisfy the needs of the seller, all the better.

5. The lender. Your pre-qualification is very important, but it’s also important who you use for a lender. Using an online or out-of-state source as your lender is a red flag for most listing agents. You have to have a good, credible source of finance.

Sellers prefer to deal with people that they like.

6. The possession date. Working out a possession date that is beneficial for both you and the seller will help enormously, especially if you need to work out a rent-back agreement.

7. The inspection. These are critical in ensuring that what you’re buying is a good, sound property. Sellers can develop anxiety over this process, and they want to feel that it’s done in a timely fashion.

8. The appraisal. Appraisals that can be done quickly can help the overall presentation of the offer.

9. Concessions. You as a buyer may need to make a few concessions, such as closing costs, to close the deal. You also have to construct these carefully so they aren’t viewed negatively by the seller.

10. The credibility of both you and your agent. Sellers like to deal with people they like. Time and time again, we’ve seen sellers accept offers that were inferior in price to other offers simply because they liked that particular buyer better. They will also gravitate toward a Realtor that they’re comfortable with.

If you or anyone you know is looking to buy or sell real estate and values good representation, we’d love to speak to them. Just give us a call or send us an email. We look forward to hearing from you!

Quick Quiz: Where Am I?

This week, I have a competition for you. Melody and I like to golf, so after two very busy months, we’ve rewarded ourselves with a long weekend at a golf resort.

Now, what’s the competition? It’s very simple. All you have to do is guess where I am. This is a golf course in Washington, Oregon. You can watch the video above for a couple more hints. The first five people who email me with the correct answer will receive a gift certificate!

Answer correctly and
receive a free gift certificate.

As always, we really appreciate your referrals. If you know anyone who needs help with real estate, let us know by giving us a call or sending us an email. We would love to give them the royal treatment. You can also reach out to us with any questions or concerns and, of course, your guesses!

We look forward to hearing from you!

Meet Our Wonderful Transaction Coordinator

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call us at (503) 974-4104 for a FREE home buying or selling consultation

I’d like to introduce you to a key member of the Hatch Home Groups team. For years, I’ve realized the benefits of having a team working alongside me as opposed to doing everything on my own. It takes a lot of moving parts for us to be successful, and one of them is our transaction coordinator, Angie.

Angie makes sure all the timelines of the transaction are met and all the details of your transaction are looked over carefully. While you are out getting your loan application, doing your inspections, and negotiating on a home, Angie is working behind the scenes so you don’t have to.

If you ever need anything, Angie will be there.

This helps guarantee a stress-free transaction, which is our goal at Hatch Homes Group. We encourage open communication with our clients throughout the transaction in order to ensure your own peace of mind.

If you ever need anything, Angie will be there for you. If you ever have any questions about real estate, or know someone who does, we will be here for you as well. Just give us a call or send us a quick email.

What Is the Big Change in Portland’s Real Estate Market?

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call us at (503) 974-4104 for a FREE home buying or selling consultation

We’ve seen some significant changes in the Portland real estate market recently that are probably contrary to what you’ve heard from the media.

Usually this time of year, we see inventory drop as buyer activity kicks up. For the first time in years, we’re seeing an increase in inventory. It’s still a seller’s market, and inventory has only gone up a little; nevertheless, it has gone up.

These are good signs that the market is stabilizing.

We’ve also seen a drop in the annual number of sales and pendings. Now is still a great time for buyers to make hay while the interest rates remain at tremendous lows.

Still, these are good signs for the real estate market. The market is stabilizing a bit. Prices are rising as people flock to Portland. Last year, the population increased by 50,000 people - this year, that number will be even higher.

If you have any questions, give us a call or send us an email. We would be happy to help you!

Don't Make These Mistakes Buying Your First Portland Home

Buying a home? Click here to perform a full home search 
Selling a home? Click here for a FREE Home Price Evaluation 
Call us at (503) 974-4104 for a FREE home buying or selling consultation

There's a certain set of mistakes first-time home buyers make that cause a lot of frustration in today's market. To be successful as a first-time buyer, you need help from a professional Realtor. They will help you negotiate and get your offer accepted, as well as help you avoid mistakes that first-time buyers often make. We've actually put together a first-time home buyer seminar; the first step to helping you understand the process. Secondly, sellers need special attention in this market. It's really important to have extensive marketing to make sure homes are exposed to the widest market possible during that first period of the listing.

You need help from a professional Realtor.

Finally, I wanted to share some numbers with you that I'm very proud of. We compared Keller Williams professionals in our market center with the average agent in the MLS. The video above shows some figures that show results like closings and volume that we're quite happy with.

If you or anyone you know needs guidance in the Portland real estate world, please point them our way. We'd be happy to help.