05/12/2026
Happy times for my sister because she no longer has 2 mortgages! 💸💸
Story time 🎤
In June of 2022, my sister was in the market to buy her first home, and this precious townhome checked all the boxes. We submitted an offer $20,000 over list price the minute it hit the market, sight unseen, and offered $10,000 due diligence. I even had her go ahead and get a certified check from the bank so that we could show proof of that with the offer.
If memory serves me, there were around 19 offers on this property. Remember, this was post-COVID, and interest rates were low. Inventory was even lower! We ended up increasing our offer to $25,000 over list price, increasing due diligence to $15,000, waiving any kind of future negotiation in the event that it wouldn't appraise, and got a guarantee from the lender for a 21-day close. In the end, it appraised for just under what we were under contract for, and we made it to closing 🎉
Fast forward to 2025-2026, and it is a very different market. We spent 79 days on market, but still got the job done. 👍
All of this to say, no matter the market we are in, real estate can be a great investment. Did she overpay when she purchased in 2022? Slightly, yes. But here we are almost 4 years later, and she was still able to make a profit off of her very first home. I call that a win. 👊
Congrats to Abby and congrats to the new owners!
