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Navigating Today's Real Estate Market: 3 Crucial Tips for Making a Winning Offer
Manage episode 435657475 series 3467013
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Summary:
In this episode of Off the Record: Talking Real Estate with Joe and Makayla, we dive into the critical strategies you need to know when making an offer in the ever-changing Portland real estate market. With the market shifting by the month, being well-informed can make the difference between securing your dream home or missing out. Joe and Makayla discuss the importance of understanding seller concessions, the types of inspections you should prioritize, and how to gauge seller motivation effectively. Plus, stick around for a bonus tip that could give you the edge in this competitive market!
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Episode Highlights:
1.Seller Concessions Explained: Learn how seller concessions can significantly reduce your out-of-pocket costs at closing. Discover why offering slightly above the asking price could result in more cash in your pocket for upgrades or a lower mortgage payment.
2.Essential Inspections:Find out which inspections are critical to include in your offer, such as radon testing, sewer scopes, and invasive inspections. Learn why skipping these tests could cost you dearly in the long run.
3.Understanding Seller Motivation: Uncover the importance of seller motivation in shaping your offer. Learn how to gather intelligence on the seller's situation and use it to your advantage during negotiations.
4.Bonus Tip: Don't miss our extra piece of advice that could help you secure a home in a highly competitive market!
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Ready to make an informed offer on your next home? Visit LivPortland.com and check out the handy interest rate and payment calculator mentioned in today's episode. Stay ahead in the market by following our podcast and subscribing for more insider tips and expert advice!
Thank you for listening to this episode. Stay up to date on the latest trends and insights by subscribing to our podcast and following us on social media.
For more information about buying or selling in the Portland Metro real estate market, please visit www.LivPortland.com or contact us directly.
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