Buying Your Home in Portland, Oregon

The best thing you can do before buying a home is to educate yourself as much as possible about the home buying process. To do this, here are the steps that we recommend.

1) Figure Out Your Finances

The first thing you need to do is to identify how much you can comfortably afford to spend on a home. Since most homes involve bank or credit union financing, please read our home loan FAQ to prepare yourself and then go shopping for a home loan.  Once you've found a mortgage broker or loan officer that you want to work with, then you will want to get a letter from them stating that you are pre-approved. Having a pre-approval letter will help strengthen your negotiating position once you find a home that you want.

2) Work With A Buyer's Agent

Purchasing a home is the single largest financial investment most people ever make. It's important that you have someone acting as your advocate and who will negotiate the terms of the sale exclusively on your behalf. Many real estate transactions include an extensive negotiating process, and as your buyer's agent it will be our job to represent you and get you the best deal possible. We can also advise you on the many issues that can come up during the purchase process such as inspections, offering price, zoning, permits, neighborhood values, schools, and property taxes. We'll attend property inspections, make sure repair work is carried out, and handle all the paperwork related to the sale. We can even help set up the financing for your invesment, and work directly with your lender to provide you with a seamless service package.

Many people mistakenly think they will get a better deal on the house if they work with the listing agent. But in reality, it is actually a very dangerous idea to let them write your contract to buy the house because the listing agent is hired by the seller to represent the seller's interests, not yours. You definitely want your own agent to negotiate the best possible deal for you.

You may now be wondering, how much does it cost to hire a buyer's agent? Great news here...it's absolutely free to the buyer. If you'd like more information on our services, please feel free to contact us.

3) Search for a Home

Finding the right home to purchase can be a challenge, and the Internet is an excellent place to start. However, due to the limited budget that most of us have, and the large number of available homes, it can be difficult to identify the home that is uniquely suited to your needs.

A great place to start is by identifying those features of your current home you like, as well as those you'd like to change. Once you've established your priorities, you can use this list to effectively guide your home search.

Our website offers a number of advanced tools to search the Portland MLS listings including options to search by city, zipcode, MLS number, or our map search tool. Once you've identified the ares that you like, then we recommend you register on our site and setup a saved search for the price and areas that you are looking. By doing this, you will receive new listings and price changes automatically via email as soon as they come on the market.

4) Schedule a Home Tour

Once you've identified properties that you are interested in, then just click 'inquire' on the property listing page, or give us a call, or click 'request a showing' for any of the properties that you've found. For the most efficient use of time, we recommend identifying several properties for consideration and then you can try to visit them at the same time to help you compare the different benefits each home has to offer.

5) Questions?

If you still have questions and would like to learn more about the home buying process, please e-mail us or give us a call at (503) 464-6150 and we would be happy to answer any questions you have. 

Five Reasons to work with a Buyer's Agent

    1. Peace of mind - Hiring a real estate specialist ensures that you have a knowledgeable advocate throughout the home purchase process.
    2. Know all the facts - Realtors have access to private information about properties not available to the general public.
    3. Lower your risk There are many risks involved in purchasing a home and an experienced Realtor can help you minimize those risks.
    4. Easy access to properties - Working with a real estate broker makes it easy to visit many different properties while you search for your home.
    5. Up to date information - The housing market is constantly changing and a Realtor can provide you with the latest market research to ensure that you're getting fair value.