Are you thinking to buy a home in Oregon and looking for the best time to get the best deal? If yes, then your search ends here. In this blog, we are going to tell you an ideal time for the real estate investment. So, let’s get started.
Days on market in Portland: Usually, buyers want to know how many days a house has been on the market. Days on market refers to the number of days a listing is active in multiple listing services before it enters into the pending status. Pending status is when an offer has been accepted by the seller but the transaction hasn’t yet closed. Most buyers look for a home during summer and spring. That is when the buying competition is normally stronger and more seller tend to be listing their homes for sale. You will have more options available during the time of year but you will have more options available during this time of year. Use the bad weather to your advantage. Go looking for a home in Portland, OR the dead of winter, when the roads are barely passable, and you may be the only buyer interested.
Find the experienced Oregon Real estate agent: House hunting is a daunting task. Especially, if you are a recent transparent to Oregon. You will need to research neighbourhood, school systems, commute times, and more for each home you like. An experienced local realtor is an invaluable asset, guaranteeing, time and money saved throughout your house hunting experience. He also suggest you an ideal mortgage lender who will offer you a loan at the best rates.
Best time to buy in Oregon:
Let’s use the Portland as the benchmark for real estate trends for 2018 and 2019, thus far. Compared to the national home values are approximately $15,00 higher than other country’s average. However, while the national home value is slated to grow by 5.1%, Portland is at 2.7%. During the last quarter, Portland experienced slower growth rate at only 0.9%, however this could also be related to the time of year. For best Oregon mortgage rates, contact a professional mortgage broker around you.
September is the sweet spot for buying a house in Portland, Oregon. Spring and summer seasons listing and languishing on the market- kids are heading back to school, cold weather is on the horizon, and busy holiday season is swiftly approaching. September offers the great discounts and low compensation.
Before tax time:
One unique tactic is to consider buying a home right before tax time because that is when sellers are more worried about paying taxes and might be more flexible on the price. In a case like this, you might be able to snag yourself a deal as a result of dealing with a motivated seller.
If you want to get a house at a discounted price, then buy it at the bad weather or september. Here the prices are relatively lower than other seasons.