As many first time home buyers, or people relocating to Beaverton, Oregon, are finding out, the inventory for good quality homes in the lower price ranges is small andin high competition. Now, you would think that would mean the prices would start to rise here, but that just isn’t happening yet. But, what is happening is the homes that are in good condition, at a good price, are getting many offers in one day.
If you are a first time home buyer about to enter the market or you are someone considering moving to Beaverton, Oregon, I’m sure you have been on the websites starting to look at the homes that you think you can afford and like many others you are starting to get discouraged. Don’t, at least not yet. There are many great homes coming on the market everyday, but the key is to be ready!
What does it take to be ready? First of all, you need to get pre-approved. This will help you find out what you are qualified to purchase and then you need to have your down payment ready, because once you start looking, you may find that dream home within a week or two.
This can be a scary time because it may feel like you just started looking and the next thing you know, you are calling a moving van to help you move in to your new home. This is normal, but if you aren’t prepared to buy, and don’t have everything ready, then this is when you start to get discouraged.
One of the things that happen in a buyers’ mind is that because they have heard it is a buyers market than they feel they can put in a low offer on everything they see. Most of the homes that first time home buyers,and people looking to relocate to Beaverton,Oregon, are looking at are at the lower end of the price range. There is still a lot of competition out there and if you lowball your offer, or aren’t ready with your down payment, you will lose to another offer, or worse, just be turned down by the seller.
Right now there is a great opportunity presenting itself in real estate, especially if you are a first time home buyer. One of the things the government is offering you right now, if you are a first time home buyer, is an $8,000 tax credit. This can help offset the down payment or closing costs for your new home. (You can read more about that on my other post dedicated to the $8,000 tax credit) But, if you are willing to live about 10 minutes from Beaverton,t here are some great homes available that don’t require a down paymentat all! The USDA is giving no money down loans on homes outside the urban growth boundaries to help these communities.
If you are in the market for a first home or are looking to relocate to Beaverton,Oregon, I would love to help you out in the home buying process. I help make the process as stress free and enjoyable as I can and I look forward to calling you neighbor and showing you why I call Beaverton home.
BELOW YOU WILL FIND ALL THE HOMES AND CONDOS
FOR SALE IN BEAVERTON, OREGON
Respect Realty LLC (Expect More)
At Respect Realty, LLC our agents believe in 100% dedication to client satisfaction. We specialize in property and land acquisition around the Portland Metro and Vancouver, WA area. We delight in working with first time home buyers and sellers to guide them from start to finish. Our doors are always open and we are always happy to assist you with your real estate questions.
Reach out today, we look forward to talking with you!
Todd Clark and Seraina Aguayo (Owners of Respect Realty)
Respect Realty LLC (Expect More)
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