Initially Chad’s home search started on the southwest side. But after losing out on three houses in one week he quickly turned his focus to the strong, yet not as competitive Oregon market.
We quickly got Chad in to see this gem loaded with potential at a great price. Not afraid of a little cosmetic work, Chad jumped all over it and negotiated an accepted over without having to bid against other homebuyers or pay more than asking price!
He’s now sitting on a home that easily has a lot of room for appreciation with a few simple updates such as flooring, paints, cabinets, and countertops.
What’s the lesson here? While many people are competing in a heavy seller’s market for their perfect house right now, some buyers are still winning big time by looking outside their initial search area and focusing on their long term goals over immediate gratification. Chad has set himself up nicely for his future by landing a home he can quickly build equity in despite buying his first home during a competitive seller’s market. Nicely done Chad!