Buy a Home in Portland

Kami Price, Principal Broker is our lead buyer’s agent and a top 1% buyer’s agent in the Portland metro area. Kami has been licensed since 2004 and has helped hundreds of local home buyers find their next property. She has a long list of awards and additional education certificates.

If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.

Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000

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10 Reasons to Buy a Portland, Oregon Home in 2023

May 1, 2023

If there’s something I’ve learned in my 20 years as a Portland Realtor, it’s that conditions are never perfect for buying a home, though there are certainly times that are more ideal, but the decision to invest in a home is one of the most worthwhile decisions you can make. Homeownership can enhance your life in many ways, and there are excellent reasons to choose a home in Portland, Oregon specifically. If you are unsure or considering taking the leap toward homeownership, here is a list of ten reasons why you can feel confident about buying a home in Portland this year. 1. Portland Housing Prices are Rising Slowly According to a report from RMLS, the average home sale price...

Portland Real Estate Affordability Rate: 2023 Report

April 10, 2023

Housing affordability in Portland is a concern that has been brought into the spotlight due to factors like rapid population growth (which has begun to drop), inflation combined with income rates failing to meet higher costs of living, and both increasing rent and high mortgage insurance rates. What is Portland’s Affordability Rate in 2023? To calculate housing affordability, The National Association of REALTORS® uses a formula that assumes a homebuyer has a 20% downpayment and a 30-year fixed rate mortgage of 6.36% (per Freddie Mac). RMLS utilizes this formula to generate a quarterly affordability graph for the Portland Metro area. As we can see in the graph above, a family earning the median income of $106,550 (per HUD) could afford...

home closing costs buyers sellers

Home Buyers and Seller Closing Costs – Portland, Oregon Metro Area Report

April 7, 2023

Updated 4/7/2023. For some people, “closing costs” is a vague term attached to selling or buying a home. Many aren’t clear about who pays what. Educating yourself on this part of the home selling/buying process is essential for a successful and surprise-free transaction. Closing costs vary from state to state. Also, because they’re based on the cost of the home in question, closing costs in the Portland metro area will be higher than other parts of Oregon due to comparatively higher home prices in the area. Keep in mind that some of these fees are payable to the lender and others to third parties, like home appraisers and title agencies. We want to dispel some of the mystery and confusion...

Rent vs. Buy a Home in Portland, Oregon? A Financial Calculation 2023

March 13, 2023

In their 2022 Housing Survey, NeighborWorks America found that nearly nine in ten Americans agree that homeownership is important, and many see both increased feelings of security and connection to their community as significant benefits of owning a home. In reality, being a homeowner extends beyond the property itself to a sense of ownership and shared responsibility in the neighborhood, which leads to more involvement in the community and reduced crime, among other benefits. While owning a home is rewarding, there are times when renting may be a better fit. We’ll explore the options for each in light of the current housing market. Factors to Consider When Deciding to Rent or Buy The first and most obvious consideration is finances:...

downpayment assistance real estate

Down Payment Assistance Programs for Home Buyers in 2023

March 10, 2023

Preparing to buy a home for the first time can be a daunting prospect with all of the factors to consider and steps to complete, not to mention the large financial investment involved in the initial downpayment. Because this is often the part of the home buying process that buyers either find most intimidating or that discourages them from homeownership altogether, we’d like to highlight the many financial assistance programs that are available to help make the dream of homeownership a reality. We’ve done the work of sifting through the federal, state, county and city programs to share the best down payment programs available in the Portland metro area. These programs apply to a range of income levels, so you...

buy portland real estate investment

Buying a Portland Investment Property? 2023 will be a Golden Year of Opportunity

December 5, 2022

According to National Association of Realtors’ lead market analyst, Lawrence Yun, predicts prices will be flat (dropping in some areas) in 2023, but they are expected to rebound 10% or more in 2024. In other words, 2023 might be a golden opportunity to buy into the Portland, Oregon real estate market that is currently dropping in price. Portland Multi-Family Opportunities Opportunities abound in the local Portland market, starting with price drops in multi-family housing for sale. (Click the link to see the latest price drops.) One might think that rents are down, given the vast number of multi-family homes for sale in Portland right now, and their many, many price drops. But that simply isn’t the case. Rents are high...

assumable loan homes for sale

Assumable Loan Rates Starting at 2%, A Home Buyer’s New Best Friend

November 25, 2022

Soaring mortgages rates are causing the recent real estate market slowdown. These high rates, by in large, are the only reason for the housing slump. Inventory is still relatively low compared to prior years, and prices are actively dropping. Despite the new lower home prices, sales are still way down due to the cost of a new mortgage today. However, did you know it is possible for a homebuyer today to assume the seller’s loan and get that seller’s fantastic mortgage rate, no matter how low that interest rate might be? It is a true and present possibility. We’ll show you how. Only Certain Homes Have Assumable Loans Given all of the homes on the market today, only a portion...

real estate deed vs title

Real Estate Deed Vs. Title, What is the Difference?

October 28, 2022

In the world of buying and selling real estate, ownership transfer is at the center of it all. All the time-sensitive rules and regulations, along with the terms and jargon can be too much for homeowners and potential buyers to sort out. Two such terms are “deed” and “title,” and we’re often asked to explain the difference between the two. In this article, we’ll break down the differences, the power they hold, and how to ensure legal standards are met. What’s the Difference Between a Deed and a Title? The biggest difference between a deed and a title is that one is an actual, tangible object, and the other is an abstract concept. A deed—the tangible document—transfers ownership from one...

Pocket Listings Vs Coming Soon Homes for Sale

August 22, 2022

For anyone wanting to buy a home in Portland before 2019, pocket listings were a common practice here and across the country until the National Association of Realtors effectively banned them. In essence, this type of listing consisted of privately owned homes on the market that agents kept “secret” lists of and shared with small pools of potential buyers, including their own clients. What we now call “coming soon” homes replaced the practice of pocket listings. With this newer type of listing, a seller’s agent can list the home in the MLS before it goes public so buyer’s agents in the area can give potential buyers a heads up about the coming property. No showings can happen until the home...

Willamette Valley Riverfront Real Estate Guide

June 6, 2022

Does relaxing on your back deck or yard to the sound of the Willamette River flowing by sound good to you? If so, you’ll want to keep reading. Many people dream of living the waterfront lifestyle, but finding available riverfront real estate can take some work. We already created a comprehensive guide for riverfront real estate along the Columbia River, this article will focus on the banks of the Willamette River. To do some of the necessary leg work for you, we did an extensive search to find Willamette River riverfront property in Oregon along the Willamette Valley. We found a plethora of options from single-family homes to condos to floating homes in a variety of price ranges. We start at...