I recommend looking for an agent that 'gets' your lifestyle and can help you discover which neighborhood will feel most like home to you. Portland has some very distinct and wonderful neighborhoods and you'll want someone who lives in the city and can distinguish the subtle differences. You will also want to consider the location of your employer as it relates to commuting and transit.
As to the time it takes? I would get started right away. While it typically takes about 4 weeks from offer to closing, you'll want to see as much as possible before making a commitment.
One more thought... since you're relocating for your job, is it possible you may do this again someday? Be certain you buy a condo in an area that has an excellent track record for re-sale, so that down the road when you do decide to move on, you'll have made a wise investment and have little problem selling your condo.
Good luck to you! I LOVE PA!!!
If you are wanting to purchase a condo, I strongly suggest calling me to go over financing guidelines, if you need it. Government loans are less strict on condo financing but there have been recent changes and there is an upcoming change for condo financing that has not been announced yet (coming June 2nd). Many have been caught off guard and we strive hard to keep up with the ever rapidly changing guidelines.
Call me with your scenario and I'll put together some options for you free of charge. It helps to know what to expect and in this market, you really need someone that knows what they are doing. You can email me at firstname.lastname@example.org or call me toll free 877-777-9763. We lend within the entire State of Oregon. http://www.ambientlending.com
Check out my website http://www.portlandneighborhoodmatch.com. It will give you some insight to Portland and some of the most well known neigbhorhoods.
The next thing you need to do if be introduced to a mortgage broker who can help determine what your budget should be. its best to check that off your list of to do's early.
As far as timing....thats all negotiable to be honest! Factors that play into this are lenders, inpsections, appraisals, and repair work that needs to be done and most importantly the sellers situation as far as moving out. I say typically you can count of 30 to 45 days from the day your offer is accepted to the day ou move in. Hope this helps!
You may have already had responses to your question but I have a three-year old home that I will put on the market come May with upgrades throughout. It looks out onto a wildlife preserve and is about 25 minutes to downtown Portland via car or the MAX http://(www.trimet.org). Low maintenance & HOA fee (they even take care of yard maintenance on the front yard!) If interested, please contact me at email@example.com Cheers, Kelley - good luck with Portland - I think you will love it here.
Are you looking to come out here sometime soon to look at properties and what options are available to you? If so, I would like to meet with you and have the opportunity to refer a few great Realtors to you who know the market.. Realtors who I have worked with and do work with. Perhaps then we can form a team who will work for you even when you are many miles away! :-)
I look forward to hearing from you soon as you embark on this new journey! Best of luck to you.
As for lenders, I would work with a local lender. Lenders in your area might not be licensed in Oregon and are not familiar with the process or local requirements. One example is that we do not use attorneys in Oregon to buy real estate like you do in Philadelphia. A lender will also need an employment letter from your new employer here in Portland.
As for the actual search, I say begin your search NOW :) This is a GREAT time for buying condos in Portland because inventory is high - and that means power is in your hands. You can start by simply searching for condos in your price range and then doing more in-depth research into the neighborhoods/buildings you're finding listings. Obviously, depending on your job's location and your preferences on urban versus suburban, vintage building versus new, and square footage requirements, you'll be able to elimintate many condos right off the bat. But, once you're familiar with what the Portland market is offering, and once you hook up with an agent that understands what you're looking for and gets you right to the good stuff, you should be able to settle in and find something within a few days of being here in the city.
You can start looking now and at your own pace using
and which is specific to Oregon real estate with daily downloads of new MLS data for the entire Portland metro area. We also use google mapping so you may have a handle on what is where.
Happy hunting, here to help :)
It is possible that by doing this you will have 2-3 areas selected and be comfortable with pricing and features of each area. Than you can be ready and armed with good data when you get here and the buying process will be easier and less stressful.
The process itself will take 30-45 days tops.
Call or email if I can put my #1 ranked team to work for you.
Congratulations on your new job. Well, thanks to the internet, you can start right now.
You can do alot of research, and hopefully access enough information to allow you to narrow down the areas that may offer you properties that best fit you.
Since it sounds like you are a first time home buyer, you may want to talk with a mortgage lender where you live now, and see what you may qualify for. If it is a national company, they may be able to assist you with financing in Philly - or refer you to someone there.
Usually once you make an offer on a property it can close anywhere from 3 weeks to 2 months. Alot depends on when the Seller can move, and other contingencies.
I'm sure you will get answers from experts in the Philadelphia area also.
All the best to you.
Enjoy the process - relax and ask all the questions you need in order for you to feel comfortable.