
When We Represent a Seller:
We know what to do when you receive multiple offers. We know how to go back to all the interested parties to get a highest and best offer from them without alienating them or getting into legal trouble.
We know how to put together a deal with a buyer who already has a house they need to sell in order to buy your house. We know what’s fair to ask of them so you don’t alienate a perfectly good buyer, but also to insulate you from risk as much as possible.
We know what to do when a buyer fails to close on time because their loan didn’t come through.
We know how to open escrow.
We know how to comply with the Federal Lead Based Paint law that applies to all homes built prior to 1978.
We know how to comply with the Oregon Property Disclosure Law.
We know how to comply with the Oregon Homebuyer Protection Act.
We know how to comply with Oregon Revised Statute 93.040 that requires certain Warning statements to buyers “in the body of an instrument transferring or contracting to transfer fee title to real property” having to do with approved uses, fire protection, and the recently added “lawfully established unit of land” clause (House Bill 2723, 2007 Regular Session).
We know what you must disclose to potential buyers of your home and what you can keep to yourself.
We know what kinds of repairs would be reasonable for a buyer to expect from you at the price they are paying.
We have a pretty good idea of what kinds of improvements to a house will actually make a difference in the sales price; which ones won’t get you more money, but will cause the house to sell faster; and which ones you should hold off on doing unless a buyer specifically asks for it.
We know how buyers think.
When We Represent a Buyer:
We know how to help you decide what you want to offer for a house REGARDLESS of what the seller is asking for the house, which may or may not be a fair price.
We know what kind of repairs would be reasonable to ask a seller to do given what you are paying for the house.
We know how to structure a deal so you can have the option of doing the repairs yourself with the seller’s money (lenders will not allow you to receive cash from the seller at closing, even if it is to perform repairs).
We know the pros and cons of doing the repairs yourself after closing or having the seller do them before closing.
We know how to advise you about the potential long term value of homes you are considering so you can compare and contrast them.
We know what mortgage brokers have worked well for other buyers in the past.
We know how to open escrow.
We know how the deadline on an inspection contingency works and how it doesn’t.
We know how to put together a deal so that you get your earnest money back if you can’t get a loan or the house turns out to have problems.
We know what kind of rights you have in terms of receiving written disclosures from the seller about the condition of the property.
We know what sellers must disclose to you and what they can keep to themselves (so you better do your own investigations).
We know how sellers think.
copyright © 2006 Oregon First