OZ Finally Comes Out From Behind the Curtain!
After 30 days of silence, we finally hear from OZ. The lender made contact with us and, based on their appraisals and BPOs, asked us to raise the price by $55,000. After a sleepless night, I sent a letter to the listing agent itemizing the repairs and deferred maintenance. I am determined to not cave into spending the additional $55,000 and I was prepared to walk away rather than overpay. The other buyer was offered the same deal of asking to raise their offer. Since I have already completed a home inspection and found unanticipated repairs that amounted into the thousands, I had already compromised my bottom line. The new price did nothing but put the home out of reach: both financially and emotionally. It is time to move on. I am prepared to pass if they don’t agree to the price I have laid on the table.
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I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. 


