Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
  • Home
  • Selling a House
  • Buying a House
  • Search Listings
  • Real Estate Information
    • Real Estate News

      How you can take advantage of the real…

      December 9, 2020

      Real Estate News

      How you as a buyer can compete and…

      October 19, 2020

      Real Estate News

      Why you should get intimate with your Real…

      April 23, 2019

      Real Estate News

      Negotiations simply explained.

      April 11, 2019

      Real Estate News

      Oregon’s New Rent Control Law, and Portland’s Relocation…

      April 11, 2019

      Real Estate News

      Why single ladies should buy their first home……

      January 29, 2019

      Real Estate News

      Work with a Realtor who gives a sh#t!

      January 2, 2019

      Real Estate News

      Rhonda’s 5 minute Portland real estate update for…

      August 17, 2018

      Real Estate News

      Buy vs. Renting? Here’s why…

      April 9, 2018

      Real Estate News

      Why 2018 May Be the Year to Sell…

      March 12, 2018

    • Listings
    • Rhonda’s Real Estate Newsletter
  • My Story
  • Let’s Talk!
  • Giveaways
    • Promotions

      NEW Giveaway! $50 to spend online at Pacific…

      January 18, 2022

      Promotions

      NEW Giveaway! Spring Urban Nest Tote with Wine…

      February 18, 2021

      Promotions

      NEW Giveaway! December food + sparkling wine celebration…

      December 11, 2020

      Promotions

      October Wine Gift Card and Chocolate Giveaway. Enter…

      October 10, 2020

      Promotions

      Sip + Savvy First Time Home Buyers Happy…

      January 8, 2019

  • Home
  • Selling a House
  • Buying a House
  • Search Listings
  • Real Estate Information
    • Real Estate News

      How you can take advantage of the real…

      December 9, 2020

      Real Estate News

      How you as a buyer can compete and…

      October 19, 2020

      Real Estate News

      Why you should get intimate with your Real…

      April 23, 2019

      Real Estate News

      Negotiations simply explained.

      April 11, 2019

      Real Estate News

      Oregon’s New Rent Control Law, and Portland’s Relocation…

      April 11, 2019

      Real Estate News

      Why single ladies should buy their first home……

      January 29, 2019

      Real Estate News

      Work with a Realtor who gives a sh#t!

      January 2, 2019

      Real Estate News

      Rhonda’s 5 minute Portland real estate update for…

      August 17, 2018

      Real Estate News

      Buy vs. Renting? Here’s why…

      April 9, 2018

      Real Estate News

      Why 2018 May Be the Year to Sell…

      March 12, 2018

    • Listings
    • Rhonda’s Real Estate Newsletter
  • My Story
  • Let’s Talk!
  • Giveaways
    • Promotions

      NEW Giveaway! $50 to spend online at Pacific…

      January 18, 2022

      Promotions

      NEW Giveaway! Spring Urban Nest Tote with Wine…

      February 18, 2021

      Promotions

      NEW Giveaway! December food + sparkling wine celebration…

      December 11, 2020

      Promotions

      October Wine Gift Card and Chocolate Giveaway. Enter…

      October 10, 2020

      Promotions

      Sip + Savvy First Time Home Buyers Happy…

      January 8, 2019

Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon

Buying a HouseReal Estate News

How you as a buyer can compete and find your perfect home in a competitive “sellers market”.

written by admin October 19, 2020
How you as a buyer can compete and find your perfect home in a competitive “sellers market”.

If I had a dime for every time I answered the question "How is the market?" with the answer "Strong for sellers!" I'd be a rich woman. Here in the city of Portland Oregon, prices have risen, competition is strong and there seems to be no end in sight. It is indeed a strong and prolonged "Sellers Market". So what does it mean to be in a "sellers market" and do buyers have any chance of getting their dream home among all this competition?

First, what does it mean to be in a "sellers market"? A sellers market arises when demand exceeds supply. In other words, there are many interested buyers, but the real estate inventory is low. Since there are fewer homes available, sellers are at an advantage. They can charge more and there will be multiple offers in many cases, driving demand and prices up even further. In a seller's market, homes sell faster and buyers must compete with each other in order to score a property.

Does that mean that you should wait to buy a home as a buyer until its more of a "buyers market"? Not necessarily. This market has the advantage to buyers of historically low mortgage interest rates. Lower mortgage rates means more home you can buy for your money. And since no one knows when they will rise again, it's smart to try to take advantage of them.  But it does depend on your situation and how flexible you are willing to be when house hunting. If as a buyer you are willing to do a few things, you might just find that perfect property.

Here are some strategies that could help you rise above the competition:

Be flexible in the areas you are looking in. The more areas you consider in your search, the more housing options you will find. You may find some neighborhoods that appeal to you that you didn't even know were out there!

Consider some "sweat equity". If you are willing to move into a home that needs a little work, you may get a lower price and less competition for that home. Just be prepared to ask your real estate agent's opinion on price and condition, hire a good inspector, and be realistic with your budget and time to determine how much that will mean before diving into a "fixer".

Consider homes that may be slightly "odd". Similar to buying a "fixer", buying a home that is slightly less appealing to the bulk of buyers out there can be a good strategy. If an otherwise desirable home is in a less desirable location (like close to a freeway or a busy street) or has a odd layout or small yard, buyers willing to accept these things may get a home with less money and less competition. Just remember that when it comes time for you to sell that home, the discount that you got when you bought it may be reflected back to you in the selling price when you sell it.

Be willing to give the Sellers a "rent back" period at low or no cost. Many times a seller would like to take some time getting out of the home that they are selling. Kids are in school, they need more time to find a home to live in, etc. If you as a buyer can offer them a period of "renting back" their home from you after you have closed on the sale, this can make you stand out above the rest who can't. You can also rent back the home to the sellers at low or no cost to make the deal a bit sweeter. Just be sure to check that strategy with your lender if you are borrowing the money to buy, as some lenders draw the line at a 60 day rent back period.

If you are looking to buy a home in this competitive market, I can help you get there with sound strategy and planning.

0 comment
0
Facebook Twitter Google + Pinterest
admin

previous post
October Wine Gift Card and Chocolate Giveaway. Enter to win!
next post
How you can take advantage of the real estate market in 2021.

You may also like

Rhonda’s 5 minute Portland real estate update for...

August 17, 2018

What is the Home Energy Score?

February 22, 2018

Negotiations simply explained.

April 11, 2019

Work with a Realtor who gives a sh#t!

January 2, 2019

Buy vs. Renting? Here’s why…

April 9, 2018

Why you should get intimate with your Real...

April 23, 2019

SOLD! Rare Vintage Condo with Glamour Galore!

June 30, 2020

Oregon’s New Rent Control Law, and Portland’s Relocation...

April 11, 2019

How you can take advantage of the real...

December 9, 2020

Why single ladies should buy their first home…...

January 29, 2019

Client Reviews

“Rhonda has been the biggest blessing…”

Rhonda has been the biggest blessing. My husband and I were first time home-buyers in Portland, OR, and she answered all of our incessant questions with patience and enthusiasm at all hours of the day. She is spunky, humorous, and so easy to be around. She was eager to help us at the drop of the hat throughout this journey. Her expertise put us at ease, and it was easy to trust her to take care of us and advocate for us. We got an amazing house and with her help, everything went smoothly. I can't recommend her enough! She really is the best of the best, and anyone would be honored to have Rhonda as their agent! :)

--The Casteels
Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
5
2019-04-16T13:07:21-07:00
Rhonda has been the biggest blessing. My husband and I were first time home-buyers in Portland, OR, and she answered all of our incessant questions with patience and enthusiasm at all hours of the day. She is spunky, humorous, and so easy to be around. She was eager to help us at the drop of the hat throughout this journey. Her expertise put us at ease, and it was easy to trust her to take care of us and advocate for us. We got an amazing house and with her help, everything went smoothly. I can't recommend her enough! She really is the best of the best, and anyone would be honored to have Rhonda as their agent! :) --The Casteels
http://portlandnorthwesthomes.com/testimonials/rhonda-has-been-the-biggest-blessing/

Rhonda Spencer is nothing short of amazing!

"We worked with Rhonda to buy our first home and she was so awesome throughout the entire process. To say she was on top of everything would be an understatement. She was helpful, knowledgeable, organized, and always available. Most importantly, she worked tirelessly to make sure we were getting what we wanted and what was best for us. If you want an agent that will truly go the extra mile for you and make your experience the best it can be, I highly recommend Rhonda Spencer."

--The Engstroms
Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
5
2019-06-06T13:35:14-07:00
"We worked with Rhonda to buy our first home and she was so awesome throughout the entire process. To say she was on top of everything would be an understatement. She was helpful, knowledgeable, organized, and always available. Most importantly, she worked tirelessly to make sure we were getting what we wanted and what was best for us. If you want an agent that will truly go the extra mile for you and make your experience the best it can be, I highly recommend Rhonda Spencer." --The Engstroms
http://portlandnorthwesthomes.com/testimonials/rhonda-spencer-is-nothing-short-of-amazing/

Rhonda made the buying experience smooth…

"Rhonda made the buying experience so much smoother and more enjoyable than I could ever have anticipated. She is a true professional in her field and she was extremely responsive to all questions and requests. I cannot recommend her enough."

---N Wickstrom
Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
4
2019-06-06T14:00:55-07:00
"Rhonda made the buying experience so much smoother and more enjoyable than I could ever have anticipated. She is a true professional in her field and she was extremely responsive to all questions and requests. I cannot recommend her enough." ---N Wickstrom
http://portlandnorthwesthomes.com/testimonials/rhonda-made-the-buying-experience-smooth/

“You have made this a fun, straight-forward and low-stress experience!”

"We anticipated that buying a house would be a long and stressful process...but working with you was anything but! You have made this a fun, straight-forward and low-stress experience...thanks for being such a fun and genuine person and for helping us to find our home."

--Lewis, Amanda + Bailey
Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
5
2020-06-30T07:50:05-07:00
"We anticipated that buying a house would be a long and stressful process...but working with you was anything but! You have made this a fun, straight-forward and low-stress experience...thanks for being such a fun and genuine person and for helping us to find our home." --Lewis, Amanda + Bailey
http://portlandnorthwesthomes.com/testimonials/you-have-made-this-a-fun-straight-forward-and-low-stress-experience/

“Her guidance for making a strong offer in a tough market was stellar.”

"Rhonda is fantastic- not only is she responsive to my multiple texts/emails about properties, but she is extremely knowledgeable about Portland, properties, various home characteristics (foundation material, electric, etc etc). Her knowledge helped guide me to a quality home. Additionally, her guidance for making a strong offer in a tough market was stellar. If you’re looking to buy a home, you need Rhonda! As a bonus, she’s a charming, sweet and lovable person who is always cheerful and smiling. Who doesn’t want that when under the stress of buying a new home?!"

--L. Snyder
Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
5
2021-04-07T12:31:30-07:00
"Rhonda is fantastic- not only is she responsive to my multiple texts/emails about properties, but she is extremely knowledgeable about Portland, properties, various home characteristics (foundation material, electric, etc etc). Her knowledge helped guide me to a quality home. Additionally, her guidance for making a strong offer in a tough market was stellar. If you’re looking to buy a home, you need Rhonda! As a bonus, she’s a charming, sweet and lovable person who is always cheerful and smiling. Who doesn’t want that when under the stress of buying a new home?!" --L. Snyder
http://portlandnorthwesthomes.com/testimonials/her-guidance-for-making-a-strong-offer-in-a-tough-market-was-stellar/

“Handling every little detail…”

"Rhonda was so great during our buying process. We went through THREE contracts and negotiations before we were successful in purchasing our home. Rhonda worked diligently on each one and never gave up in helping us. She was especially invaluable in the closing process, handling every little detail as we were located in Seattle and couldn't be available for important inspections / meetings. I can't recommend her enough. She truly goes the extra mile for her clients!"

The Good Family

Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
5
2019-01-02T14:46:29-07:00

The Good Family

"Rhonda was so great during our buying process. We went through THREE contracts and negotiations before we were successful in purchasing our home. Rhonda worked diligently on each one and never gave up in helping us..."
http://portlandnorthwesthomes.com/testimonials/handling-every-little-detail/

“Rhonda, from start to finish, was beyond amazing…”

"There aren’t enough words to adequately express how much I LOVED working with Rhonda! She made my first home buying experience feel effortless. Rhonda, from start to finish, was beyond amazing — accessible, knowledgeable, and thorough. And she is a power negotiator. You will feel that you have a partner who’s got your back. I just moved into my home days ago. And I think of her every time I walk into my home after a long day at work and think how lucky I was to have worked with her. Thank you, Rhonda, for everything!!"

S. Sabeta-Bak

Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon
5
2019-01-02T14:59:22-07:00

S. Sabeta-Bak

'"There aren’t enough words to adequately express how much I LOVED working with Rhonda! She made my first home buying experience feel effortless. Rhonda, from start to finish, was beyond amazing..."
http://portlandnorthwesthomes.com/testimonials/rhonda-from-start-to-finish-was-beyond-amazing/
7
Rhonda Spencer, Real Estate Broker, Urban Nest Realty, Portland Oregon

Rhonda Spencer | Real Estate Broker, Urban Nest Realty

Rhonda Spencer | Real Estate Broker, Urban Nest Realty

Inspired by the people and places of the Pacific Northwest.

I'm a Real Estate Broker for Urban Nest Realty in Portland, OR and Vancouver WA. I love what I do, and take pride in making sure that all of my clients receive 5-star service, which is reflected in my service reviews. I strive to provide the very best in ethics, service and knowledge of Real Estate. I specialize in first-time buyers and provide education and resources specifically for their needs.
Contact me to find out more about buying or selling a home in the Portland or Vancouver areas. I am licensed in Oregon and Washington. Principal Broker, Karen Bilsing.

Newsletter

Subscribe my Newsletter for news on local events and real estate.

Urban Nest Realty

Keep in touch

Facebook Twitter Instagram Pinterest Linkedin Email

Follow Me

Facebook

C

  • Email
    rhonda@urbannestpdx.com
  • Phone
    503-412-8166
  • Address
    Portland Office:
    3041 N Williams Ave.
    Portland, OR 97227

    Vancouver Office:
    802 Officers Row Suite A
    Vancouver, WA 98661

Local Information

  • Best Places to live in Portland OR niche.com descriptions of best places to live in Portland OR. 0
  • Best Places to live in Vancouver WA niche.com descriptions of best places to live in Vancouver, WA. 0
  • Clark County (Vancouver) Website Clark County WA official website. 0
  • MAX Light Rail Service Information MAX Light Rail System is a system of light rail trains that provide service throughout the Portland Metro area into and out of Downtown Portland and the surrounding areas. 0
  • Portland City Government Portland OR official city government website. 0
  • Portland Maps PortlandMaps contains information about properties and buildings in the Portland metropolitan area: recent sales dates and prices, property tax assessment information, recent (and some historical) city permits, elevation maps, maps of neighborhoods. 0
  • Portland Public Schools Portland Public School’s official website. 0
  • Portland Trimet Bus Information Trimet Bus provides bus service in and around the Portland Metro area. 0
  • Things to do in Vancouver WA Descriptive article on one couple’s weekend visit to Vancouver WA. 0
  • Travel Portland Travel Portland — Information about all things Portland: food, sight seeing, wine, entertainment, and Portland area neighborhoods. 0

Newsletter

Subscribe my Newsletter for news on local events and real estate.

  • Facebook
  • Instagram
  • Pinterest
  • Linkedin
  • Youtube
  • Email
  • Selling a House
  • Buying a House
  • The Start to Finish Guide to Buying a Home. A free download!
  • Portland Real Estate Information
  • My Story
  • Contact Me
  • Privacy Policy

@2022 - Rhonda Spencer. All Rights Reserved.


Back To Top