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PORTLAND
OREGON
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Portland Real Estate Facts / How to Buy and Sell
Portland-Home of Their Dreams
Ever think you would like to build your own Portland home and have everything just the way you want it? Lots of people do and they often start by looking at land or lots for sale. With many people the idea is to buy a lot today, get it paid off or mostly paid off and then sometime in the future, contract with a custom builder for the Home of their Dreams via Portland.
Portland Real Estate Cycles
What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Portland is no different than most, although the Portland market does have it's own special circumstances.
Want to get a clear and up-to-date picture of the Portland real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.
Portland Homebuyers Quandry
First time Portland homebuyers have their issues to deal with and homeowners who want to move up, down or sideways have an entirely different set of problems. A homeowner’s first task is to counteract human nature. Humans must be genetically programmed to find their next home and then scramble to sell the one they have so they can afford the one they want. The Portland market is no exception. Of course, this is contrary to good sense but since most people will go ahead with the Buy then Sell approach.
Portland Homebuyers Quandry
When you find the home you want to buy you may make an offer contingent upon the sale of your existing Portland. In a Seller’s Market, offers with such contingencies are not well received because the seller must remove his home from the market while you sell yours. However there are times when this kind of offer is successful, even in the Portland market. A backup strategy might be to put in your offer with a very long escrow giving yourself time to sell your home. Very few sellers will accept these kinds of contingencies or long escrows if your house is not already on the market.
Buying Portland Below Market
Isn’t that everyone’s dream? I hear it from prospective buyers almost every day and many of them want to find the perfect Portland home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy.
Now the idea that you can simply decide one day to go house hunting and find just the Portland real estate you want priced way under market is pushing your luck. But if you take advantage of some of today’s Internet technology, do your homework and bide your time, you might find just what you are looking for. First let’s look at the technology.
Portland BENEFITS
A benefit is an advantage or something that promotes or enhances well-being. A Portland benefit might be its location, its home styles, its diversity and/or its proximity to major highways, employment, education and shopping. Whether or not any of these factors are or are not a benefit depends entirely on the point of view of the potential buyer. For example, being close to a major airport might be important for someone who flies a lot and an annoyance to someone who never flies and dislikes the noise of airplanes flying overhead.
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