The Benefits of a Cooled Off Market.

Everyone is always asking me, “When is the market going to chill out? Am I ever going to be able to afford a home in Portland?”.  Well folks, it has CHILLED.  Homes are sitting a lot longer, my inbox is filled with price reductions every day, buyers have some negotiating power again, and the time to look is now.

Viva and Greg had only seen a couple of houses before we found this time capsule in Cully.  Everything about this house was pristine.  It had been owned by the same couple for close to 50 years and they were immaculate.  Aside from the perks of a new roof, furnace, paint, landscaping, double garage etc… there were so many mid-century details left intact.  There is a really cute stained glass window that separates the kitchen from the hallway, a wood pannelled office, a workshop in the garage, and a safe that has a giant combination and handles mounted into a secret spot in the house.

These guys came to us as buyers expecting to get a way crappier house and to get beat up in the market.  For whatever reason, this house had been sitting for 2 months without an offer.  They wrote a really nice letter, a strong offer, and were in contract in just a few hours.

When I met them with keys we popped champagne and opened the package the sellers had left for them.  In it was a bottle of wine, a letter from the two daughters who grew up in the house, a letter from the parents, and a thick 3-ring binder with everything you would ever need to know about the house.  When a deal goes that smoothly and the sellers make such a nice hand off, it really makes the house feel that much warmer and meant to be.  Cheers, Viva and Greg!!!

Reg Martocci

Broker

Originally from Worcester, Massachusetts my love affair with real estate began when I was 19 and owned my first triple-decker. Being a landlady at 19 quickly taught me  the importance of learning DIY skills to turn an old junky three-decker into a place someone would love to call home.  There is nothing more satisfying to me than watching a property transform.  Since then, I have been fascinated by the idea of home and the aesthetics that appeal to people and warm a space up. What is it about a space makes a person feel at home?  Is it an open floor plan? A garden? Hardwood floors or a south facing kitchen?  It is different for everyone and I would love the opportunity to help you find it. I graduated from Umass Amherst with a degree in Sustainable Living and Natural Health and naturally moved to Portland to find my people. Waiting tables and bartending all over Portland for the last 10 years has allowed me to really get to know many of the neighborhoods this beautiful city has to offer.  I've lived in and rented houses all over Alberta, Concordia, Hawthorne and Division until buying a house and settling in Kenton two years ago. If I'm not working you can bet that I'm somewhere in Oregon thrifting, at the river, working on my house, or catching happy hour with friends. Reg Martocci reg@livingroomre.com 508-340-1456 t 503-961-8224 f

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• T: 508-340-1456
• F: 503-961-8224
• reg@livingroomre.com