Get yourself ready to buy in the off-season
Every year, the data shows that the Portland real estate market starts to catch its breath and slow down in the hot month of August. Summer vacations, back-to-school prep, and busy schedules mean there are often fewer buyers out looking, which can create some great opportunities if you're still actively shopping. Less competition can mean more negotiating room, fewer bidding wars, and a little more time to make thoughtful decisions instead of rushing.
If buying a home this fall or winter is your goal, August is a great time to start getting ready. Meet with a lender, (I’ve some fabulous recommendations for you) figure out your budget, have the hyper-realistic conversations around needs and wants from a home, and start paying attention to what's happening in the Portland market. The buyers who do this prep work now are usually the ones who feel the most confident when the right home comes along during the also tends-to-be-slower winter months. You could be choosing paint colors for a kitchen or planting flowers in your yard while others are competing in the hectic spring market if you keep an eye on things now and stay at the ready!
Real estate is seasonal, but good opportunities come up all year long. Whether you're hoping to buy before the holidays or you're just starting to think about making a move, a little planning now can put you in a really strong position when you're ready.
Should you be interested in a buyer consultation meeting feel free to reach out! The buyer questionnaire at the bottom of this page is the most efficient place to start.