OUR MISSION
To create wealth through real estate in the Great Northwest
OUR VISION
To set the example for knowledge, skills, and mastery so our clients and colleagues define us as extraordinary
A NOTE FROM JORDAN
Thank you for the opportunity to represent you during your home purchase. Matin Real Estate is a local privately owned company with deep roots within the community and a passion to create extraordinary service. Our vision is to set an example for knowledge, skills, and mastery so that our clients and colleagues define us as extraordinary.
Our mission is to create wealth, through real estate, in the great northwest. We have helped thousands of families in their journey to build wealth, as real estate is the number one way Americans have invested for their retirement. It is also the primary way millionaires are made in our country. We believe that this creates a strong foundation within our community and in our clients’ lives.
By hiring us to represent you in the home buying process, you will gain access to our expert market knowledge, tools and systems that have a proven track record of success.
As one of the top listing brokerages in the state of Oregon we have early access to new inventory, and relationships with thousands of local agents to identify upcoming listing before they go on the market, giving you the best opportunity to find your perfect property.
Matin Real Estate has created a proven model that creates a seamless process for our clientele. In addition, we maintain crystal clear communication through regular weekly check-ins. We are excited to have you experience the same through your sale and we look forward to having you as part of our Matin Referral Network, our community of past clients that we consistently stay in touch with and love on with fun events and learning opportunities.
Thank you for your trust. I am excited for you and your new home.
Jordan L. Matin
Oregon Principal Broker, LIC# 200707018
Washington Managing Broker, LIC# 25401
Matin Real Estate, OR LIC# 201224007, WA LIC# 20605
WHAT SETS US APART
WE ARE LOCAL
We reinvest in the Great Northwest and always put local residents first.
TRACK RECORD
Matin Real Estate has been in business for over a decade and consistently sells hundreds of homes every single year. With over 1000 reviews on Google, Zillow and Facebook, our record speaks for itself.
WE WORK AS A TEAM
You aren’t just hiring a single broker. You are hiring a team of professionals made up of experts in their specific jobs, so you get the best of the best across the board. You are in expert hands with us every step of the way.
MARKET
Understanding the current market conditions is a critical part of buying a new home, from combating multiple offer scenarios or building the most competitive offer. We will guide you though navigating the complex market condition. Matin Real Estate, not only has a deep understanding of the national market but also the local and micro-neighborhood markets. We want to make sure you feel confident in your investment.
TRANSPARENCY
We provide you with thorough weekly progress reports with views and feedback for making informed decisions based on real market statistics and real-time online activity. We are in regular communication by phone, text and email with always knowing the next step and what actions we’re taking.
WHAT MARKET ARE WE IN?
INDICATED BY HOW LONG PROPERTIES SIT ON THE MARKET
HOW ELSE CAN YOU IDENTIFY THE CURRENT MARKET?
BUYERS MARKET SELLERS MARKET
• Homes sitting on the market over 6 months
• Seller concessions
• Longer times to decide on right home
• Lower inventory
• Multiple offers/ over asking
• Waive Contingencies
• No seller concessions
• Can’t ask for repairs
• Pending in a weekend
SUBMITTING COMPETITIVE OFFERS
Once we’ve found the home you wish to purchase, you’ll need to determine what offer you are willing to make on the home. After all, you are the one making the payments!
HOW TO WIN IN THE CURRENT MARKET
OFFER TERMS POSITION OF STRENGTH
• Sales Price
• Comparative market analysis (comps)
• Earnest money
• Financing terms
• Inspection period
• Closing date
• Personal property
• Other applicable addendum like Common Interest Community Disclosures, Short Sale Contingencies, etc
• Seller contribution to YOUR closing costs (if requested)
• Pre-approval in hand
• Type of financing
• Negotiating with listing agent
• Comparable sales to support offer
• Seller’s purchase price per tax records
• Property tax assessment review
• Walk away leverage
SELLER CONCESSIONS & OFFER DETAILS
• Seller contribution to buyer’s closing costs
• Home warranty
• Inspection repair costs
• Closing date
• Discount/buy-down points
• Ancillary closing costs
• Title policy
• 60 days no payments
• Contract acceptance
• Timeline
• Property inspection timeline
• Negotiate repairs
MULTIPLE OFFER STRATEGY
• Zero repair allowance
• Increased earnest money
• Escalation language
• Appraisal gap guarantee
• Closing date
A note about multiple offers
It is important to remember that the more competition there is for the home, the higher the offer will have to be, sometimes even exceeding the asking price. Remember, be realistic, but it all comes down to market value and solid comparable sales. Make offers you want the other party to sign!
NEEDS ANALYSIS
When considering all the elements that will make up the right home for you, break it down into three categories:
MUST HAVE LIKE TO HAVE DOESN’T MATTER
THE HOME
• Square footage
• Number of bedrooms
• Number of baths
• Office/Den
• Master on the main
• Practicality of floorplan
• Open floorplan
• Basement
• Single Level
• Tri-level
• Style of Home
• Move-in Ready
• Cosmetic Updates
• Lite updating needed
• Natural Light
• Character/charm
• Curb Appeal
• Entertaining Space
• Appearance/condition of nearby homes/businesses
• Traffic
• Noise Level
• Safety/Security
• Age specific
AESTHETICS OTHER FEATURES
• Closet/storage space
• Fireplace
• Lawn/yard space
• Fence
• Patio or deck
• Garage
• Energy efficient
• SMART wired
• HOA
• Cul-de-Sac
• Dead-end street
• In-law suite
CONVENIENCE FACTOR THE NEIGHBORHOOD
• Public transportation ROOMS/LAYOUT
• Child friendly
• Pet restrictions
• Parking
• Zoning regulations Neighborhood restrictions/covenents
• Fire protection
• Police presence
• Specific schools
• Supermarket
• Schools
• Work
• Shopping
• Child care
• Hospitals
• Doctor/dentist
• Recreational parks
• Restuarants/entertainment
• Church/synagogue
• Airport
• Highways
HOW TO BUY A HOME
The following is a standard timeline used by hundreds of thousands of Americans every year to buy real estate. Although there are many ways to go about purchasing real estate, the vast majority of sales follow this timeline. This is what we have found to be the safest and most pragmatic path to homeownership.
CONSULTATION
How much can you afford? INSPECTIONS 1 2 3 4 5 DOWN PAYMENT EARNEST MONEY APPRAISAL CLOSING COSTS
KEY FACTORS TO CONSIDER
DOWN PAYMENT
DOWN PAYMENT REQUIREMENTS BY LOAN TYPE
CONVENTIONAL
You can put as little as 5% down or up to as much as you want. Anytime you put less than 20% down, you will need mortgage insurance, until the loan reaches 80/20 loan to value 5%+
FHA
The lowest traditional down payment program; there is additional mortgage insurance for the life of the loan.
HOME PARTNERS OF AMERICA
A rent to own program for qualified prospective residents, who choose from properties in communities that Home Partners serves.
VA
3-5%
$1,000+
A special program for military buyers that allows them to put almost nothing down toward the purchase. 0%
USDA
A special program that doesn’t require a downpayment for buyers looking in rural areas. This option does have credit and income restrictions and is limited to particular areas.
FHA 203K
A special product that allows you to wrap into your mortgage the costs of repairs or improvements to the home you buy.
CASH
You will have to have this wired to the title company prior to closing.
0%
3-5%
100%
2 EARNEST MONEY
The amount of earnest money deposited is typically 1% of the purchase price. Once deposited with escrow those funds will be applied to the down payment at closing.
PROTECTING OUR CLIENTS
We are committed to protecting our clients. If a financing or inspection contingency were to fail, the buyer will want the earnest money returned. Earnest money may not be returned if a buyer does not satisfy certain part of the contract. The most common violation of a contract is not satifying the timelines. Matin Real Estate focuses on timelines in order to leave no room for dispute regarding returning the earnest money, should the need arise.
We aim to not have earnest money go above $10,000 because then it’s above small claims court and should a dispute arise it would be more costly requiring the buyer to hire a lawyer and litigate a lawsuit against the seller. Some sellers require more earnest money and we address each offer on a case by case basis.
When there are disputes in a real estate transaction it is commonly over earnest money. It is our job to keep our buyers protected throughout the transaction.
*Programs vary and are subject to change.
INSPECTIONS 3
When you are purchasing a property, we highly recommend that you have a professional home inspector conduct a thorough inspection. Our recommended inspectors, hired by you, are experienced professionals who are exceedingly thorough and detailed to minimize surprises for you. You are not required to use one of our recommended inspectors. The inspection is not meant to be used to low ball the seller post-price negotiations, as all exisiting homes have minor imperfections.
The seller may be willing to negotiate completion of repairs, or you may decide that the home will take too much work and money and rescind the offer during the inspection period.
COMMON PRICES** FOR THE HOME INSPECTOR
*Septic tank will have to be pumped to have it inspected.
**Pricing is an estimate. Prices may vary depending on the size of home, vender you select and/or condition of home
The standard inspection will include the following:
• Appliances
• Plumbing
• Electrical
• Heating and Air Conditioning (depending upon the season)
• Roof and Attic (if accessible)
• Foundation
• General Structure
• Radon tests are recommended — More than 40% of the homes tested have gas levels exceeding the safe threshold set by the EPA
You may want additional inspections, such as a well, sewage, or environmental inspection, depending on the type of property.
APPRAISAL 4
The appraised value is the property value the bank will use for the amount it is willing to finance. It will not necessarily be the fair market value for the property. An appraiser is is selected by the bank/lender and paid by you as a third party to provide a professional price evaluation to ensure the bank is not overlending on a loan. The appraisal laws are designed to avoid undue influence on the appraiser.
If the appraisal comes back low the buyer and seller will need to agree to new terms that bring that selling price in line with the value of the property.
Appraisals cost between $800-$2000
This is an upfront cost, but it typically is factored into the closing cost percentage
CLOSING COSTS
You will be required to pay fees for loan processing and other closing costs such as title, escrow, and recording costs. These fees must be paid in full at the closing, unless you are able to include them in your financing. Typically, total closing costs will range between 3% - 5% of your mortgage amount. YOUR OFFER BUYER CLOSING COSTS
PREPAID INSURANCE ($4000-$6000)
PREPAID TAXES (UP TO 13 MONTHS)
PREPAID HOA FEES (WHEN APPLICABLE)
MORTGAGE ORIGINATION FEE (1% - 3%)
APPRAISAL FEE ($800-$2000)
TITLE FEES (0.65%)
FEES
EXAMPLE
*These are all rough estimates. Your real estate broker mortgage lender, and title company will provide you your final closing costs. No Concessions Seller Concessions
COST $500,000 + $10,000 = $510,000 YOUR OFFER SELLER PAID CLOSING COSTS NET COST $500,000 - $10,000 = $490,000
OBTAINING A LOAN
FILLING OUT THE LOAN APPLICATION
• Submitting documents
• Last 2 years of taxes
• Last 2 years of W-2
• Soft credit pull
• Last 2 months of bank statements
• Last 2 months of check stubs
• Picture of your ID
• Child support documentation (if applicable)
IF THEY ARE ON SOCIAL SECURITY OR DISABILITY:
• Social Security Award Letter
W2 BORROWERS:
• Last 2 years Tax Returns
• Last 2 years W2’s, 1099’s, K1’s, etc.
• Last 30 Day Most Recent Paystubs
• Last 2 Months Most Recent Bank Statements
• Most recent retirement statement (401K, IRA, etc.)
• Driver’s License front
• Verification of employment
• Gift funds letter (if applicable)
This is to get pre-qualified. Once you go into underwriting the lender may require additional information depending on your personal information.
SELF EMPLOYED BORROWERS:
• Last 2 years Business and Personal Tax Returns
• Last 2 years W2’s, 1099’s, K1’s, etc.
• Year to date profit and loss
• Last 30 Day Most Recent Paystubs
• Last 2 Months Most Recent Personal Bank Statements
• Last 3 Months Most Recent Business Bank Statements
• Most recent retirement statement (401K, IRA, etc.)
• Driver’s License front
* The underwriting process is to verify all your financial documents. Your lender likely will need further details and supporting documents to provide final loan approval. Pre Qualification letters and Pre Approval letters do not mean you have final loan approval.
1
2 3 4 5
CREDIT COMMANDMENTS
Thou shall not change jobs, become selfemployed or quit your job.
Thou shall not buy a car, truck, or van (RVs & boats too!) or you will be living in it!
Thou shall not use credit cards excessively or let current accounts fall behind. Thou shall not spend money you have set aside for closing.
Thou shall not omit debts or liabilities from your loan application.
Thou shall not buy furniture on credit.
6 7 8 9 10
Thou shall not originate any inquiries into your credit.
Thou shall not make large deposits without checking with your loan officer.
Thou shall not change bank accounts.
Thou shall not co-sign a loan for anyone.
Thou shalt not close any accounts or credit cards.
RENT BACK
Rent backs are a great way to make your offer more competitive! A rent back allows a seller to live in the home after closing, which allows the seller time to either find the seller’s next home or to move into the next home. This can help you stand out against other buyers. We can structure this in a couple different ways:
1. Free rent back
• This is no cost to the seller
2. Seller to pay PITI: Principle, Interest, Taxes, Insurance
• Seller pays you to stay in the home
AGREEMENT TO OCCUPY
Rent backs often include an agreement to occupy, which is is a rental agreement for the period of time after the sale. Specifically, you may hold back a deposit from the seller. When the seller leaves, as long as there isn’t any damage, it’s the buyer’s duty to then return that deposit.
60-DAY RENT BACK
60 days is the maximum time allowed by a lender
SELLER’S NEW PROPERTY
*These dates are rough estimates. Each sale has unique dates and closing/ rent back timelines. Matin Real Estate does not guarantee any specific closing dates, rent backs or costs associated with rent backs. Please consult with your real estate broker about the specific dates of your transaction.
HOME WARRANTY
We also try to negotiate a home warranty for the buyer, through Home Warranty of America.
With a home warranty you’re covered for life’s big emergencies—fire, theft, severe weather damage— by your homeowners insurance policy. But can you relax when it comes to everyday disasters? Your appliances and plumbing, electrical and heating/ cooling systems have limited lifespans due to normal wear and tear. A Home Warranty of America plan helps reduce your out-of-pocket repair and replacement costs for essential home systems—and gives you peace of mind.
A home warranty is a yearly service contract which covers the repair and replacement of important household appliances and home system components that inevitably break down over time.
• Refrigerator
• Washer/Dryer
• Dishwasher
• And more!
• AC and Heating Systems
• Plumbing Systems
• Garage Door Systems
• And more!
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OUR PROMISE
It’s our goal to create an experience so good you can’t imagine it being better. Everything we do and the technology we use are designed to deliver and create a five star experience for our clients. Everyone on our team is focused on understanding your wants and needs and delivering results around them.
We make every effort to be proactive and take steps to prevent surprises along the way.
When challenges do occur, (it is real estate after all!) you can trust that our team’s professionalism and expertise will ensure a smooth, five-star experience for you.
PROJECT LEMONADE
Proud sponsor of our local foster youth
Project Lemonade addresses the needs of foster youth in Oregon and Washington with three programs: A store where foster youth shop for free clothes, a paid internship for foster teens, and a WISH-granting program that helps foster youth identify their gifts.
We give to Project Lemonade to help a child right here in our community. We also collect sock donations at all of our quarterly events. Helping local foster kids is a huge part of our mission.
Matin Real Estate helps to improve the lives of foster youth through Project Lemonade, a Portland-based IRC 501(c)(3) nonprofit entity with a mission to inspire self-esteem in foster youth. Matin Real Estate partners with Project Lemonade through volunteerism, in-kind donation drives and financial contributions to further the organization’s impact.
24 counties served in Oregon and Washington
2,000 Foster youth served in 2021
15,000 Foster youth served since 2012
We are so thankful for everything Matin Real Estate Group has done for our Foster Youth. We are thrilled to be in partnership with them.
- Lindsay McDonnell Executive Director of Project
Lemonade
We are looking for licensed real estate brokers who we can train and develop to serve our clients with the five star experience they know and trust.
• Full time 50+ hours/week commitment
• Early risers
• Sales and results focused
• Driven, Passionate, Focused
• Social and able to connect with others
• Growth focused
STRUCTURE
Please feel free to reach out to us through our career website MatinCareers.com and pass our information along to friends, family or colleagues who may be interested in going into real estate. We always appreciate your referrals whether they are buyers, sellers or real estate brokers looking to advance their career.
STATE
LICENSED BROKERS IN OREGON AND WASHINGTON
Matin Real Estate, OR LIC# 201224007, WA LIC# 20605