Important News for Buyers and Sellers in Portland and SW Washington

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The Portland real estate market is moving very quickly, so I'm going to give you a brief market update today to help you make better decisions when you're buying or selling.

In Clark County and in the Portland metro area there is only 2 months of inventory available. This creates problems for buyers because there is a lot of competition around homes, and sellers can reap the benefits.

If you're a seller, you need to comb through those offers and decide which one will benefit you the most because the offer with the highest price is not always the best. Look at the terms, the financing, and the actual company that is financing the loan for the buyer. Make sure to check how quickly the buyer can close as well because time is always important.

As a buyer, you need to make sure the seller knows that you're qualified to purchase the home. You should write a personal letter to the seller that explains why you want the home and how you can afford it. It never hurts to have your lender contact the seller, too. 

Communication is also important whether you're buying or selling. Your agent needs to speak with you and also the other parties that are involved. You need to find out what it takes to get a deal done, because in this market you need as much help as you can get when you're buying a home. 

Thanks for tuning in again, I hope this information will be helpful to you in the future. If you have any questions about these things, don't hesitate to reach out to me.