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.
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It is hard not to see all the media outlets painting a tolerable picture of what to expect in 2023. Most of the mainstream folks point to a possible 4%-6% value drop over 2023. Lets talk about what might be a 2023 real estate crash!