How can you stand out as a buyer in the competitive Portland real estate market? There are a few ways to achieve this.
- Pre-approval from your lender and a competitive offer. A pre-approval shows you are qualified for a mortgage and are financially able to buy their home. These days, sellers won’t take an offer seriously without a pre-approval letter, especially in competitive markets like Portland. Don’t even consider making a lowball offer. Sellers have a slight edge in this market, so if you want your offer to stand out, you need to show that you’re serious.
- Quick timelines on inspections and appraisals. Sometimes, a competitive offer price isn’t even enough. To many sellers, favorable time lines like those on inspections, appraisals, and closing carry more value than a few thousands dollars. The buyer’s agent should reach out to the listing agent to find out the seller’s goals and if they want to close quickly or if they want to close after their children are done with the school year.
- Trust for your agent. Your agent is a real estate professional who works full-time studying the market in order to get you the best deal. They’re also expert negotiators who can get you the best deal on a home and find ways to make your offer more attractive to a home seller.
We can help with all of these factors. If you have any questions, don’t hesitate to reach out.