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

PortlandHomesForSale.com
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real estate closing costs

How to Save on Portland Closing Costs

August 23, 2012

Is it possible to save money on closing costs? Absolutely! If you’re a home buyer, Oregon is a great state to look at for some of the lowest closing costs in the nation. According to Bankrate.com, the average home sale closing costs in Oregon are 11th lowest of the 50 states. For a home purchased with a $200,000 loan, with 20% down payment and excellent credit, the closing costs average $3,509. But what are these closing costs, and who pays them? Your Portland real estate agent can help you figure exact amounts, but keeping closing costs in mind as you start your home search or list your home for sale will help you avoid surprises on the closing day. At the...


portland neighborhood map

Best Portland Neighborhood Map, Right Here!

August 15, 2012

Find out which Portland neighborhood is best! Discover: Neighborhood statistics on population, income, demographics, owner occupied vs. rent occupied, level of education, and more. This interactive map program outlines each of the Portland neighborhoods. Which Portland Neighborhood am I in? Simply type your address in the search bar and it will automatically transport you to your neighborhood area.


rent or own portland

Buy vs. Rent in Portland, How Long to Break Even?

August 7, 2012

According to a recent Zillow report the average time it takes to break even buying a home verses renting a home in the Portland metro area is 3.5 years. Depending on the neighborhood, it could take as long as 5 years or as short as 1.5 years. Ask your Portland Real Estate Agent which Portland neighborhood will give you a quicker return. Zillow took into account all the costs of renting including utilities and deposits and contrasted that with the costs of Portland homeownership including down payment, taxes, maintenance, utilities and more. Zillow also adjusted for future rent increases and future Portland home valuations. To summarize, it is a great financial idea to buy a Portland home if you are...


portland home prices

Portland Home Prices Rise, Zillow says 4.3% Higher 2013

August 1, 2012

For the first time since the housing market crash prices have risen nationally from one quarter to the next, in this case, from the first quarter of 2012 to the second. Nationally that rise barely occurred, .02%. In Portland we are looking at a 6% increase in the housing market this year. However, last fall and winter prices dropped in Portland over 10-12% and so from year to year homes are still cheaper in Portland than in 2011. Is this the beginning of a housing turn in Portland? Zillow thinks so and is forecasting a 4.3% increase in Portland housing prices in 2013. Other analysts are less optimistic pointing to an ongoing shadow inventory of foreclosed homes that have yet...


purchasing a portland home

Buying a Portland Home: Tips for Seniors

July 11, 2012

Portland is a great place to retire. Whether you’re a long-term resident or are looking to relocate to a milder climate, Portland offers the right combination of quiet neighborhoods, big-city culture, and outdoor getaways. There are many homes on the market that will be comfortable and manageable for seniors in the long term. There are also some homes that just won’t work – whether because of location, layout or unforeseen structural problems. Read on to learn our tips for seniors looking to buy a home that they can live in for many healthy, happy years. 1. Choose the right neighborhood. Being retired means you’ll have more time to enjoy indoor and outdoor activities of all kinds, and you don’t necessarily need...


short sale help in portland

How to Write a Winning Portland Short Sale Offer

May 24, 2012

Nothing is more difficult to purchase these days than a short sale! The numbers on successful Portland short sale offers are terrible, many reports suggest 1 out of 5 Portland short sale offers actually ends up in a sale. While no short sale offer is guaranteed to succeed, there are a number of things a Portland buyer can do to increase their chances of success. 1. Ask your Portland real estate agent to find out how many banks are involved in the short sale. Often a seller will have a first and second mortgage with two different banks and sometimes even a third in the mix with a home line of credit. Simply put, the less banks involved the better...


real estate time table

Is now the best time to buy a Portland home?

May 14, 2012

According to many Portland Realtors, buying a home may never get any cheaper than right now. Prices are down 34% nationally and even more than that in Portland. In Portland prices have dropped in luxury homes as much as 50% in the last six years (generally speaking the higher the price of a Portland home, the greater percentage of loss in a down real estate market). Other homes in Portland have seen 40% to 20% losses. Mortgage rates are historically low, holding right now at high 3% or 4% depending on your credit. This will not last. We already saw mortgage rates climb in Portland briefly this spring and then plummet down again. Very soon rates are likely to raise...


portland affordability

How affordable is the Portland Real Estate Market?

April 27, 2012

Nationally, you’d have to go back more than 50 years to find a more affordable time to buy a home in America. Locally, in Portland’s real estate market, you’d have to go back even farther. Affordability is an easy measurement. Basically, affordability is simply the percentage of a family’s income that goes towards a home mortgage payment. Nationally in 2010 14.2% of people’s income went to pay their home mortgage. In 2011 that percentage shrunk even farther to 13%. In the Portland real estate market the numbers are even better: 13.9% in 2010 and a huge drop in 2011, all the way down to 11.4%. It might be a good idea to talk to your local Portland real estate agent...


own a home in Portland

In Portland, Buying a Home is Cheaper Than Renting

April 13, 2012

Max Radi and his partner Seth are not your typical homeowners. As recent college graduates with entry-level jobs, they were just looking for a decent place to rent near downtown Portland one year ago. “Then we started thinking about how we could get a decent return on our investment,” Max says. He looked at the numbers and realized that the cost was about the same to rent as to buy a condo in downtown Portland. “When you’re renting, that’s money you’re losing,” he says. When the two expanded their home buying search to condos outside the downtown neighborhood, the options were greater and the savings even more substantial. Seth had no credit, but Max’s credit was good enough to qualify...


portland neighborhood map

Buying a Portland Home: Which Neighborhood Are You?

April 5, 2012

Some cities are defined by a sports team, a university or an industry, but Portland, Oregon is a city of neighborhoods. The homes, businesses, institutions and open spaces that comprise Portland’s neighborhoods create distinct personalities, embodied by the individuals who call their Portland neighborhood their home. When relocating to or buying a home in Portland, it’s important to consider which neighborhood you want to be a part of. This decision will affect what kind of home you live in, where your kids will go to school, how you’ll get to work, what kind of groceries you’ll buy, whether you’ll feel safe at home, and much more. Start by thinking about where you currently live. What do you like or dislike...