Portland, Oregon is one of the country’s fastest up and coming destinations. It has a relatively low cost of living, is known for its green economy and resources, pleasant weather, and highly educated population. All these things make Portland ideal for a housing boom—which is exactly what’s happening!
So here’s what you need to know to buy a house in Portland:
It’s a seller’s market. This means that buyers aren’t finding cheap prices. But it also means that if you are looking to buy a house in Portland you will find one because people know they can make money.
Prices are still on a down-trend. Home prices in Portland peaked in 2007 and they are still cheaper today than they were then. And interest rates are low. It’s still a good time to buy a house in Portland.
Hire a buyer’s agent. It’s important to have a buyer’s agent for a lot of reasons, but especially in a complicated market like Portland. A buyer’s agent will help you get the best deal possible.
Portland can be a great place to live, and if you are looking to buy a house in Portland you can find what you want—you’ll just have to be proactive about it.
Do you have a piece of property (house, lot, or land) you’d like to sell fast? Fill out our Sell Fast Form and get a cash offer within one hour of us viewing the property.