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Buying A Home

Portland Metro Area

Bene Foley
Bene Foley
License: 201231768
Windermere Realty Trust

Answers to

Frequently Asked Questions

Answers to

Frequently Asked Questions

How does my offer get presented to the seller?

In today’s electronic world, offers are sent via email to the seller’s agent. I will call the agent to let them know it’s coming and tell them a little bit about you and the details of your offer. Then I will follow up with the agent again to confirm receipt of your offer.

Does it cost me money to make an offer?

When you write the offer on the home you’ve chosen, you will be expected to include an earnest money deposit. The deposit is a sign of your good faith that you are seriously interested in buying the home.

Where does my earnest money go?

Once the buyer and seller have a mutually accepted offer, the earnest money is deposited into a trust account. That deposit becomes a credit to the buyer and becomes part of the purchase expense.

Is that all the money that’s involved?

Some lenders require the cost of the appraisal and credit report at the time of the loan application.

Can I lose my earnest money?

Real estate contracts are complicated legal transactions. This is another area where having a knowledgeable and professional agent is a necessity. Rarely does the buyer lose the earnest money. Most often, if the transaction falls apart, there are circumstances beyond the buyer’s control that cause it to happen. If the buyer willfully decides, however, that they no longer want to buy the house and has no legal reason for rescinding their offer, then the seller has the right to retain the earnest money.

What happens if I offer less than the asking price?

If you offer less money, the seller has three options. They can accept the lower offer, counter your offer or reject it completely. Remember that there could be another buyer who is also interested in the home you’ve chosen. If they happen to write an offer at the same time you do, the seller will have two offers to compare. There are usually many aspects of each offer to consider, but ultimately the seller will want to accept the best and most complete offer. In active real estate markets, homes often sell for their listed price. In hot markets, there may be many buyers vying for the same house, which sometimes drives the final sale price above the original listing price.

As a real estate professional, I can help you plan your strategy, based on the current real estate market in our area.

What if I need to sell my home before I buy a new one?

To put yourself in the best negotiating position before you find the new home you want, hire a qualified real estate agent to help you put your home on the market. Once you write an offer on a new home, your offer will be “contingent” upon the sale of your home. A buyer in this position may not have the same negotiating power as one whose home has already sold (or at least has an accepted offer). The seller may be hesitant to accept your offer because there are too many things that must happen before the sale can close

phone
DIRECT
language
WEBSITE
domain
1610 SE Bybee Blvd.
Portland, OR 97202
Bene Foley
Bene Foley
Windermere Realty Trust
Broker | Licensed in Oregon
License: 201231768
phone
DIRECT
language
WEBSITE
domain
1610 SE Bybee Blvd.
Portland, OR 97202
CONTACT ME
Bene Foley
Windermere Realty Trust
Broker | Licensed in Oregon
License: 201231768
CONTACT ME
About Me

The first time I bought a house I did it without a real estate agent, and it was one of the most stressful things I have ever done. I know now that it doesn’t have to be that way. Having an agent by your side who knows the market, understands you and your goals, can anticipate your needs, and advocates for your best interests can make buying or selling a home a rewarding, even fun, experience. 

Buying? Come with me on a journey through Portland’s many and diverse communities (by  bike, on transit, or virtually)! I’ll help you get clear on your priorities, find a neighborhood you want to live in and a house that brings you joy, and win it on terms that work for you. Selling? I’ll help you step into a buyer’s shoes, bring it to market at its best, and get you the price it deserves.

About me: I’m a down-to-earth former Waldorf school teacher, mother of three and cancer survivor. I bring to my real estate work a lifelong fascination with houses and the ways people make them into homes, and a passion for helping people of all ages through their most important life transitions. You’ll find me a warm and empathetic partner with a listening ear and the energy and expertise to guide you through your process, start to finish.

phone
DIRECT
language
WEBSITE
domain
1610 SE Bybee Blvd.
Portland, OR 97202
About Me

The first time I bought a house I did it without a real estate agent, and it was one of the most stressful things I have ever done. I know now that it doesn’t have to be that way. Having an agent by your side who knows the market, understands you and your goals, can anticipate your needs, and advocates for your best interests can make buying or selling a home a rewarding, even fun, experience. 

Buying? Come with me on a journey through Portland’s many and diverse communities (by  bike, on transit, or virtually)! I’ll help you get clear on your priorities, find a neighborhood you want to live in and a house that brings you joy, and win it on terms that work for you. Selling? I’ll help you step into a buyer’s shoes, bring it to market at its best, and get you the price it deserves.

About me: I’m a down-to-earth former Waldorf school teacher, mother of three and cancer survivor. I bring to my real estate work a lifelong fascination with houses and the ways people make them into homes, and a passion for helping people of all ages through their most important life transitions. You’ll find me a warm and empathetic partner with a listening ear and the energy and expertise to guide you through your process, start to finish.

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Information used to prepare this report has been obtained from multiple sources, including: MLS records of pending listings and recent sales; public records; and the current owner(s) of the subject property. The broker preparing this report has not independently verified the accuracy or completeness of any information obtained from sources reasonably believed by the broker to be reliable.