As we suggested, this Oregon law prohibiting real estate love letters did not survive a legal challenge.
The first amendment is first for a reason
We chatted about real estate love letters in a podcast last year.
The state of Oregon felt that they needed to weigh in on the subject of whether or not buyers should be allowed to submit a letter with their offer on a home. The idea that any law makers would think they have the authority to so fundamentally interfere with the right to free speech was a bit of a stunner.
However, as we suggested might happen, that law has been challenged and struck down.
So what should we do about love letters now?
With those love letters now established as protected speech, what should buyers, sellers and investors be thinking and doing about real estate love letters? Well first, we should embrace them as a valuable tool. Even if you are a seller that does not want to hear any emotional appeals from buyers, I believe you should happily allow them. Lets talk about that.
Check Out The Last Show!
An interesting article came out recently discussing cities where home prices for homes are actually down! At least, that is what the headline REALLY wanted you to believe. Well, when we dig a little more we see they are talking about asking prices, not sales prices. But is that the end of the story? No, not really. It ends up that an entirely different story is told about home prices when we look more closely at the market data. Come along for this ride as we do a little debunking and critical thinking!