Buying a Home in Portland

Welcome Portland Home Buyer!

If you are thinking of buying a home in Portland, we are here for you. The below home buying articles are written by experienced, top Portland buyer’s agents who know the real estate market.

Top 1% Portland Buyer’s Agent

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. You can put your trust in her to navigate your next home purchase with incredible skill. Her office phone: 503-773-0000.

Portland Buyer’s Home Search

We’ve looked far and wide to find the best Portland home search program out there. We recommend you give this one a shot! Our search program is updated every few minutes, you can filter by schools, view type, HOA, lot size, garage and much more (just hit the “more” button). You can get instant alerts, save multiple different search criteria, and more.

mortgage lenders portland

How to Choose a Mortgage Lender in Portland

December 16, 2013

Congratulations! You’ve decided to relocate to the great city of Portland, Oregon (or just moving across town, which is exciting, too). You’ve checked out the Portland neighborhoods, figured out how much home you can afford, and now you’re ready to take out a mortgage. A mortgage is like a bridge between where you are and where you want to be – you don’t have all the money to pay for your home now, so a mortgage fills in the gap of time that it will take you to attain those funds. Portland has lots of bridges, and we have lots of options for Portland mortgage lenders, too. You could head to your old, trusted bank or credit union. Or, you...

real estate market portland

Rent Vs. Buy in Portland Real Estate Market Prediction 2014

December 6, 2013

Which is a better investment? Should you avoid risk and keep renting, or bite the bullet and purchase a home? Here are some key factors to consider: Portland area rents have incrased an average of 5% in 2013. That is an annual “depreciation” of -5%. In contrast home prices have risen in Portland 10% from 2012 to 2013. According to the Portland Metropolitan Association of Realtors: The average annual monthly home payment in Portland was 14,467 in 2013, while the average rent paid was 13,212. However, the homeowner had an average interest deduction of $2,853, property tax deduction of $896 and gained appreciation (equity) of $4,702. This is based on median home prices in Portland and a 30 year fixed...

condos in portland

Buying a Portland Condo: Six questions to ask

December 1, 2013

Condo sales in the Portland real estate market are steadily rising. Portland condos took the hardest hit during the housing bubble and crash, but are rebounding fast. Many think a Portland condo is one of your best (and last) chances to still get a deal from the Portland housing market crash. From first-time homebuyers to empty-nesters looking to downsize, a condo is a great, affordable housing option for many Portland residents. With inventory in the Portland housing market low and the economy picking up again, condos are becoming an even more popular option. But owning a condo is different from owning a house for several reasons. Before you buy, read the fine print and ask plenty of questions. Here are...

cohabitation in portland

Buying a Portland Home – with a little help from your friends

October 15, 2013

In the early 1970’s, Portland activists organized to collectively buy a home in Northeast Portland. They called it “Terrasquirma”. The idea was that by sharing the mortgage and other costs of running the household, the owners could have more time and resources to devote to their various causes. It worked – among other things, Terrasquirma’s residents created a recycling network that laid the groundwork for the city’s first municipal recycling system. Terrasquirma dissolved in 1979, but cooperative housing hung on in Portland. More recently, people who have no activist inclinations whatsoever have also begun to see the benefits of sharing a home title. The advantages of home ownership are well understood – tax breaks, a sense of freedom and security,...

real estate disclosures

Portland Real Estate Disclosures for Buyers and Sellers 2013

October 7, 2013

In the Portland real estate market, it is vital to provide the buyers and sellers with proper disclosures. These real estate disclosures change depending on whether the property is a regular sale, short sale, estate sale, or foreclosure sale. The disclosures will also change depending on the type of property, townhome, condo, detached, and year built. I’ve attached a few PDFs to this post that contain important Portland real estate disclosures for 2013. The real estate disclosures do not always change year to year, but they tend to change over time. What follows below is not even close to a comprehensive list for Portland real estate disclosures, but it does include some very important highlights. Oregon Real Estate Agency Disclosure...

advice on home buying

How to Make a Good Offer on a Portland Home.

March 6, 2013

You just found the perfect home and it is priced at $300,000. Now what? Do you offer 275, 300, or even 310,000? The number one factor for making a great offer on a Portland home is knowing the DOM (days on market). If the sellers are asking fair market value and there are no other offers on the table you can follow this rule of thumb. 1-3 DOM (Days on Market) You will need to offer full price or extremely close to it. Make sure your Portland buyers agent calls the listing agent to check if there are already multiple offers submitted. 4-14 DOM (Days on Market) You will need to offer within 1% to 3% of asking price. At...

home buyers agent

Portland Buyers Agent 2013

February 22, 2013

Why should you use a Portland buyer’s agent? Let’s compare lawyers with real estate agents. It’s safe to say that the majority of us are not lawyers. But we probably know or have heard of someone who is. If you had some sort of legal trouble, it would be in your best interest to get in touch with one, and a good one at that. Their expertise at looking out for your interests and having your legal back is worth a lot when you need representation. They can really protect your rights, time, negotiate on your behalf, save you trouble down the road, and sometimes they can even save you a lot of money. So it is with a Portland...

oregon relocation

Top Portland Oregon Relocation Websites 2013

January 23, 2013

Need to relocate to Portland, Oregon? Good news! Portland city hall is very progressive. Before you rent or buy a home in Portland various websites can help you easily discover vital information about Portland neighborhoods: the best schools, lowest crime areas, and lots of helpful demographic information. Here are the top five Portland relocation websites: – This website is updated by the government and contains the latest information on crime, zoning, utilities and more, great information specific to any inputted address.   Oregon School Ratings – The department of education in Oregon has a very progressive and in depth rating system for every single public school in the state! The entire list is searchable alphabetically on this site. Portland School District...

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Portland’s Hottest Neighborhoods for 2013 (part 2)

January 11, 2013

Is your New Year’s resolution to relocate to Portland? With so many great places to begin your search, it can be a bit overwhelming to choose the neighborhood that’s right for you. Let your local Portland real estate agent help. Last month, we listed three Portland neighborhoods that are up-and-coming for 2013. Now we’re finishing off our list with three more undiscovered but quintessentially Portland neighborhoods for you to consider. South Waterfront – A mix of the old and new is what you’ll find in this South Portland neighborhood. On the eastern edge is the South Waterfront, an industrial area on the Willamette river that has been redeveloped over the past few years into an happening urban zone. The condos...

top portland neighborhoods

Top Portland Neighborhoods for 2013 (part 1)

December 26, 2012

With 95 neighborhoods, the city of Portland has a place for everyone – seniors, families, first-time home buyers, and anyone looking for the convenience of urban life with the safety and familiarity of a good neighborhood. In 2012, we saw the Portland real estate market begin to pick up again, making 2013 the perfect year to invest in a home. Foreclosed properties and short sales continue to come on the market, and the savvy buyer might just find a screaming deal this year. Where are the great properties? All over the Portland, area, really. Young professionals continue to flood into the Pearl district and are starting to move into new developments in the south Waterfront and in North Portland. Southeast...