Buying Homes Portland OR

This article provides us the information that the old adage that “timing is everything” especially applies to buying a new home. Trying to be at the right house at the right time and get it for the right price can be tricky.

Local Companies

Relocation To Portland
1-503-267-7535
2211 NW Front Ave Ste. 101
Portland, OR
Real Estate Resource
503-709-0802
PO Box 6947
Portland, OR
Portland Real Estate
503-953-3416
7866 SE 9th Ave
Portland, OR
Castle Realty, Inc.
971-212-0001
25 N.W. 23rd Pl., Ste 6-465
Portland, OR
Portland Real Estate Cafe
503-413-0027
9755 SW Barnes Rd
Portland, OR
Portland Real Estate and Foreclosure Homes For Sale
(503) 252-3601
12790 SE Stark St
Portland, OR
RE/MAX equity group
503-789-9142
12550 SW 68th Parkway
Portland, OR
The Hasson Company Realtors
503-329-2222
15400 SW Boones Ferry Rd
Lake Oswego, OR
Fairstone Properties
503 697 3807
4946 Mulholland Drive
Lake Oswego, OR
Chris Balmes Properties
(503) 427-0372
20788 SW 84th Ave
Tualatin, OR

  • Turn to the real estate section of your Sunday newspaper. Monitor the market and tract home prices. Expect to spend 90 days watching the real estate market through advertisements. Question and investigate homes that are advertised month after month. Hard-to-sell properties could either be a warning sign or simply overpriced for the value.

  • When a real estate agent provides you with descriptions of homes currently on the market from the Multiple Listing Service (MLS), ask for a list of homes that were on the market within the last six months or year in the same neighborhood. Compare asking prices to actual sales prices for the same type homes.

  • In addition to monitoring housing prices, learn to identify hot, up-and-coming neighborhoods by tracking selling prices from week to week. If one neighborhood experiences price booms while other house prices are sluggish, its’ clear which community to invest in. If you’re passionate about an upscale area – and on a budget – prepare to buy a fixer-upper and invest some money in renovation. Conversely, beware of buying a beautiful home in a marginal area. You may not get your money back when you sell.

  • Keep close watch on the fluctuating mortgage interest rates. Low interest rates are the most inspiring reason to buy property. Watch the rate of United States Treasury Bills. According to Sonny Block, well-known talk show hose and real estate author. T-bills are a sure way of predicting the rise and fall of mortgage rates.

  • Also watch the national Discount Rate, the rate at which banks can borrow money from the government. When the Discount Rate drops, banks pay less for borrowing the money and in turn reduce mortgage rates to the borrower.

Predicting when a market is ripe for home buying is not an exact science – even for real estate experts. However, by following these simple tips – and staying on top of real estate trends, sales patterns and interest fluctuations, you are sure to get the best house for your buck.

About the Author:

W. Troy Swezey is the author of “TIMING IS EVERYTHING WHEN IT COMES TO BUYING HOMES." As a Realtor at Century 21 Paul & Associates, he has helped many individuals with their real estate needs. Visit his web site to download his free e-book, “REAL ESTATE SECRETS EXPOSED.” http://www.TroyIsMyRealtor.com or mail to: TroyC21@usa.net


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Featured Local Company

Relocation To Portland

1-503-267-7535
2211 NW Front Ave Ste. 101
Portland, OR