Competing Against A Cash Buyer……

 

Untitled design-14 copy 21Today we talking all about buying a home when you’re competing against a cash buyer. I know that for many buyers believe  that they are going to automatically be out of the running for a home if they are up against a cash buyer but that just isn’t true. Why? Sellers need to look at what their net proceeds will be at the end of the sale. So while a cash offer may sound appealing it may not allow the seller to net the amount of proceeds that they need at the end of the sale, which can make a non-cash offer more appealing. I worked with a seller who had multiple offers on their property and for them it wasn’t about the net proceeds or about the terms it was about the offer that had the least amount demands in it.

So, you’ve finally found it. The home of your dreams. You’re ready to make an offer. You’re excited and then BAM! You get the notification that there has been another offer- and it’s all cash. What are the odds? Who the heck has that kind of money laying around? I know you may be reaching for the tissue as you see your dreams crumble into dust around you… but…. HOLD ON FRIEND. I am here to tell you that you are down, but you are NOT OUT. Let me explain. As I mentioned above it isn’t always all about CASH:

Here are the 4 biggest steps you need to take in order to be competitive against a cash buyer. Trust me on this, you’re still in the game.

#1 Make a stronger offer
Making a stronger offer is all about getting noticed. Money talks, so you’re going to have to find another way to get your foot in the door. There are several ways you can do this. First, you can offer more money than the asking price. The only thing that speaks louder than cash is more cash. Second, you can write an offer that demands less. Showing the seller that you are much easier to work with will go a long way.

#2 Write a love letter to the seller
It sounds cheesy, I know. But sometimes it works. Let them know earnestly why you love this home, need this home, HAVE TO HAVE THIS HOME. A sweet story of serendipity may win the hearts of the sellers. After all, the sellers were once the buyers too. They may hear you out.

#3 Never give up
There’s no doubt that cash buyers have a lot of power. And one of the ways that they wield this power is by skipping the banks, sidestepping a ton of escrow procedures, and making lots of demands. They know that they can usually back out of the deal easily if their demands aren’t met. And if these demands go unmet, the cash deal may fall through. So never give up. You may lose the home to a cash buyer initially, but don’t be surprised if you get a call from the sellers a few weeks later asking if you’re still interested in buying their home! It’s never a bad idea to ask to have your offer put in the back-up position just in case.

When you’re up against tough competition in the buying sector, it’s so imperative to have a good real estate agent on your side who can get your offers noticed. I know how to navigate all of these situations with ease. I make sure to talk to the sellers agent prior to writing the contract to find out if there are things that their sellers are looking for in an offer. A couple of things that sellers may be looking for are rent back, or are looking for a quick close. If that’s the case knowing that up front before writing the offer means that those items can be put in your offer which can help with negotiations later on.

 

Get that heart rate up with the business of the week – Orange Theory

I do not know about anyone else but exercise has been one of the things getting me through everything that has been going on over the past 6 months.  I had started walking in my neighborhood on a consistent basis right before the stay at home orders hit.  Fast forward a few months, and I have added an online workout service too because I’ve realized I am the type of human who would rather workout from home.  I realize that not everyone is like me, and that many of you prefer the accountability that going to a gym provides which is why I choose Orange Theory Fitness as my business of the week this week.

 

I have several friends who workout at Orange Theory and I know that they love it.  They love it for the fact that the workout is HIIT based.  The Orange Theory coaches will help you through 5 different heart rate zones which are telling you when you need to push harder and when you need to pull back in order to recover and bring that heart rate back down.  They say that the goal is for you to spend 12 minutes or more with your heart rate elevated.  They call it “The Orange Zone” and it is meant to help you burn fat, burn more calories and boost your metabolism.  The exercises that will help you get into the zone are cardio, rowing and strength training.
I know you may be worried about heading out to the gym right now, however please know that they do require masks/face shields and social distancing is required while working out with them.  They have several locations on the Westside of the Portland metro area.  In addition the Orenco Station Orange Theory located in Hillsboro is currently offering 1 month free.  Be sure to check out their Facebook page for more information. 

I Love a Good Kitchen Gadget!

My Copy of May 2020 Graphics  (1) copy 5Friends I am a self-proclaimed gadget guru.  If it’s a gadget, be it kitchen or technology, I love it.  Which is where Kitchen Kaboodle comes in.  They have got so many unique kitchen gadgets that are meant to make your life easier.  One of the things I love to do is bake and frost sugar cookies and they’ve got so many amazing goodies to help me make my cookies look awesome.  Oh, and they’ve got so many amazing cookie cutters.  I mean who doesn’t need a corgi cookie cutter right?

They have been in the Portland metro area since 1975 with five different locations, and if you don’t live in the Portland metro area be sure to check out their website because YES, they do offer online shopping.  Don’t forget to check out their gadget of the month.  It might just be something you didn’t know you needed.

Golf Cars Aren’t Just for Golfing

My Copy of May 2020 Graphics  (1) copy 5One of the unique things about living in North Plains is seeing all the golf cars on trailers headed to the local repair place and seeing the golf cars from J&S Golf Car Rental  When I first moved here it took me a few to figure out where all the golf carts were coming from, and I suppose it shouldn’t have surprised me since we are located so close to Pumpkin Ridge Golf Course

They have a fleet of over 400 golf cars that you can rent out, and they’ve got a golf car for pretty much any event you can think of.

  • Tournament Cars
  • Four Passenger Cars
  • Utility Flatbed Cars
  • 6 Passenger Shuttles
  • Utility Box/Cargo Cars
  • Beverage Unit
  • Deluxe Beverage Unit

When you visit North Plains for the annual Garlic Festival (unfortunately cancelled this year) you will see their golf cars around town as they are used to shuttle patrons to and from the event, as well as for the organizers and vendors to quickly move about the space.  So when we can go back to having events and you need a golf car keep them in mind because golf cars are perfect for tournaments, parties, reunions and weddings.

J&S Golf Car Rental is located at 10885 NW Main Street in North Plains, OR 97133.  You can contact them at 503.647.1984 or email – jsgolfcars@yahoo.com

So What Does an Urban Farm Store Have?

My Copy of May 2020 Graphics  (1) copy 5I am always on the lookout for a unique closing gifts, and this week’s local business has just that, Bennett Urban Farm Store  Located in Downtown Hillsboro in Oregon is located at 276 E Main Street and has  something for everyone on your gift list.

They have the most amazing baskets that are perfect for carrying all the items you get at the farmers market, going to the beach or heading out for a picnic.  You can also fill that picnic basket with drinks, energy bars and chocolates that they have on hand.  Root Beer soda anyone?

As far as gifts go, they have adorable bottle stoppers, children’s toys, DIY cheese kits, lots of items for you kitchen, greeting cards, reusable food wraps, and so, so much more.  If you happen to be in Downtown Hillsboro be sure to stop by, and you can also pick up a some coffee because they also do coffee roasting and they make jam.  Yummy!

If you can’t make it into the store be sure to go to their website https://www.bennetturbanfarmstore.com/ to place an order online, and you can find them on Facebook  and Instagram at bennett_urban_farm_store.