Are you planning on buying
a Portland Oregon Home? You’ve come
to the right place!
In this article we will
break down the home buying process from start to finish so you can be more
knowledgeable about buying a home.
1 – Decide On the Type of Home You Want to Buy
Before starting your search
for Portland Oregon Home it’s important to sit down and decide on the home you
want to purchase, especially if you be buying a home with your spouse or
When deciding on the home
you want to purchase some of the factors you should consider include: location,
square footage, bedrooms, bathrooms, amenities and school district.
2 – Hire a Portland Oregon Realtor
Hiring a Real Estate agent
is an essential part of buying a home since an agent will have access to many
more properties than what you can find online and your agent will also be able
to specifically assist you with negotiation and the other important aspects of
buying a home.
3 – Get Your Finances Ready
Besides viewing your 3-in-1
credit report you should also, pay down any old debts to lower your
debt-to-income ratio and focus on responsibly using your credit since this will
make you look more desirable to lenders.
After taking the steps to
improve your credit you should next focus on saving between 3.5 percent (FHA
Loan) and 20 percent for a down payment on a home.
4 – Meet with a Mortgage Lender or Broker
Once you meet with a
mortgage lender or broker you will need to get pre-approved for a mortgage
Before saying yes to the
first home loan offer you receive, make sure you meet with several brokers or
lenders so you can get the best mortgage loan for your needs.
5 – Start Searching For Homes for Sale
Now that you know how much
of a home you can search for the next step is to start searching for Portland
Oregon Homes for sale.
6 – Write an Offer on A Portland Oregon Home
You’ve fallen in love with
a Portland Oregon Home and are ready to submit an offer, the next step is to
submit an offer on the home.
When submitting an on a
home it’s important to remember that since we are in a hot Real Estate market
you should submit a competitive offer, without contingencies (if
possible). This will make your offer
look more appealing to a homeowner.
a Home in Portland Oregon
To get started with buying
a home in Portland Oregon contact EquityPoint Real Estate today by CLICKING
HERE or calling us at (503) 595-8800.