Market is too hot.. should you wait to buy a house?

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2020 and 2021 — the real estate market has been very different, more than ever. March & April 2020, nobody went out to check out a house. March 2021, there are not enough houses to buy…

Why?
Covid 19 pandemic, lack of inventory, sellers not willing to list their homes for sale, finding a replacement property is tough and the lowest interest rates. Basically, demand is too high, way more than the supply stream. 

What to do when the market is very hot and highly competitive?

  1. keep saving down payment
  2. keep improving your credit score to get a better rate
  3. keep adjusting your home search parameters/wants/needs list
  4. stay in the market, keep looking, keep positive
  5. keep writing offers until you get one!

Sold: Charming Portland Condo near PSU

111 SW Harrison St 2A, Portland, OR 97201, $200,000 Exclusively listed by Shawn Realty, Portland Downtown Listing Company

Great second-floor unit with a balcony that makes you feel like you’re part of the vibrant city life below.  South-facing and with plenty of direct sunlight throughout the day and newly installed sleek laminate flooring, you can be steps away from the PSU campus and its Farmer’s Market, the Max train, popular food carts, and so much more!  A charming view of the I-5 bridge really makes you feel like you’re part of the unique fabric of Portland.  This is an amazing opportunity to own your own space or it can be rented.  This unit has one of the lower HOA fees, which includes exterior maintenance, internet, laundry, meeting rm, pool, sauna, trash, water, sewer.

Schedule your viewing, more info…? Please send a quick note and we’ll follow up!

Things to checkout nearby!

Google South Waterfront Park: https://goo.gl/maps/gLXSnH1TtdPX8Mhd8

Portland Farmer’s Market