PORTLAND · 2026 RANKINGS

Top Real Estate Agents in Portland, OR (2026)

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FastExpert 2026 Top Agent in Portland, ORPortland, OR

Ranked Real Estate Agents in Portland, OR

Showing 25 of 333 results

333 agents in Portland, OR directory.

Ranked list of real estate agents in Portland, OR
Rank / AgentBrokerageExperienceSales (3 yr)Reviews
Headshot of Drew Coleman, real estate agent
FastExpert VerifiedActive and in good standing
License #
200109070
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
01/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
25 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$175.1M
Sales Volume
in Last Year

Typical Response Time: 3 days+

Price range: $70.5K-$185.3M

Specialties: Buyer's Agent · 
Experience
25 Yrs of Experience
Sales (3 yr)
567
Reviews
218
Headshot of Jenny Turner, real estate agent
FastExpert VerifiedActive and in good standing
License #
971200007
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
10/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
28 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$112.9M
Sales Volume
in Last Year

Price range: $47.6K-$2M

Specialties: 1031 Exchange Transactions · 
Experience
28 Yrs of Experience
Sales (3 yr)
303
Reviews
9
Headshot of LizBeth Abbott, real estate agent
FastExpert VerifiedActive and in good standing
License #
931000192
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
06/30/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
32 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$30M
Sales Volume
in Last Year

Typical Response Time: 3 days+

Price range: $44.5K-$5.4M

Specialties: Buyer's Agent · 
Experience
32 Yrs of Experience
Sales (3 yr)
38
Reviews
37
Headshot of Emily Hetrick, real estate agent
FastExpert VerifiedActive and in good standing
License #
200106001
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
07/31/2028

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

  • Recommended

Keller Williams

Years of Experience
25 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$36M
Sales Volume
in Last Year
Service Areas: Portland, OR · 

Price range: $51K-$1.5M

Experience
25 Yrs of Experience
Sales (3 yr)
137
Reviews
75
Headshot of Dirk Hmura, real estate agent
FastExpert VerifiedActive and in good standing
License #
200305032
License Type
Salesperson
Status
Active
Issued
N/A
Expires
05/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
23 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$64M
Sales Volume
in Last Year
Service Areas: Portland, OR · 

Price range: $128.1K-$3.8M

Specialties: Buyer's Agent · 
Experience
23 Yrs of Experience
Sales (3 yr)
208
Reviews
102
Headshot of Ariel Sasser, real estate agent
FastExpert VerifiedActive and in good standing
License #
201205525
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
12/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
14 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$20.6M
Sales Volume
in Last Year

Typical Response Time: 3 days+

Price range: $63K-$2.9M

Specialties: Buyer's Agent · 
Experience
14 Yrs of Experience
Sales (3 yr)
88
Reviews
65
Headshot of Nick Shivers, real estate agent
FastExpert VerifiedActive and in good standing
License #
200209063
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
04/30/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
24 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$1.8B
Sales Volume
in Last Year

Typical Response Time: 3 days+

Price range: $7.5K-$4.2M

Specialties: Buyer's Agent · 
Experience
24 Yrs of Experience
Sales (3 yr)
56
Reviews
214
Headshot of Jordan Matin, real estate agent
FastExpert VerifiedActive and in good standing
License #
200707018
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
08/31/2026

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
17 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$90K
Sales Volume
in Last Year

Typical Response Time: 3 days+

Price range: $35K-$2.3M

Specialties: Buyer's Agent · 
Experience
17 Yrs of Experience
Sales (3 yr)
145
Reviews
17
Experience
35 Yrs of Experience
Sales (3 yr)
139
Reviews
130
Headshot of Ross Seligman, real estate agent
FastExpert VerifiedActive and in good standing
License #
200501067
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
11/30/2027

No discipline or board actions on file for this license.

Verified Aug 19, 2026 · Source: OR DRE

Years of Experience
21 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$47.5M
Sales Volume
in Last Year

Price range: $235-$1.9M

Specialties: Buyer's Agent · 
Brokerage
REAL Broker
Experience
21 Yrs of Experience
Sales (3 yr)
131
Reviews
92
Headshot of Charles Turner, real estate agent
FastExpert VerifiedActive and in good standing
License #
200303183
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
07/31/2027

No discipline or board actions on file for this license.

Verified Aug 19, 2026 · Source: OR DRE

Years of Experience
23 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Service Areas: Portland, OR · 

Price range: $47.6K-$1.9M

Specialties: Buyer's Agent · 
Experience
23 Yrs of Experience
Sales (3 yr)
130
Reviews
8
Headshot of Reuben Schug, real estate agent
FastExpert VerifiedActive and in good standing
License #
200611244
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
07/31/2028

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
20 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$40M
Sales Volume
in Last Year
Experience
20 Yrs of Experience
Sales (3 yr)
128
Reviews
17
Headshot of Rick Sadle, real estate agent
FastExpert VerifiedActive and in good standing
License #
200505274
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
03/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
21 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$60M
Sales Volume
in Last Year

Typical Response Time: 3 days+

Price range: $116.5K-$53.3M

Specialties: Buyer's Agent · 
Experience
21 Yrs of Experience
Sales (3 yr)
97
Reviews
11
Headshot of Jeff Capen, real estate agent
FastExpert VerifiedActive and in good standing
License #
200308199
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
09/30/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
24 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$44M
Sales Volume
in Last Year

Price range: $174.9K-$2.4M

Experience
24 Yrs of Experience
Sales (3 yr)
96
Reviews
36
Headshot of Marc Fox, real estate agent
FastExpert VerifiedActive and in good standing
License #
200508221
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
03/31/2027

No discipline or board actions on file for this license.

Verified Aug 18, 2026 · Source: OR DRE

Years of Experience
21 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$177.7M
Sales Volume
in Last Year

Price range: $80K-$1.6M

Specialties: Buyer's Agent · 
Experience
21 Yrs of Experience
Sales (3 yr)
93
Reviews
36
Headshot of Yascha Noonberg, real estate agent
FastExpert VerifiedActive and in good standing
License #
201202058
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
12/31/2026

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
14 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$49M
Sales Volume
in Last Year
Service Areas: Portland, OR · 

Price range: $128K-$5.9M

Experience
14 Yrs of Experience
Sales (3 yr)
82
Reviews
23
Headshot of Peter Cutile, real estate agent
FastExpert VerifiedActive and in good standing
License #
201215695
License Type
Salesperson
Status
Active
Issued
N/A
Expires
08/31/2027

No discipline or board actions on file for this license.

Verified Aug 19, 2026 · Source: OR DRE

Years of Experience
20 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$41M
Sales Volume
in Last Year

Price range: $105K-$1.8M

Specialties: Buyer's Agent · 
Brokerage
Modern Realty
Experience
20 Yrs of Experience
Sales (3 yr)
81
Reviews
162
Headshot of Cristen Lincoln, real estate agent
FastExpert VerifiedActive and in good standing
License #
930200097
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
07/31/2028

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
33 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$27M
Sales Volume
in Last Year
Service Areas: Portland, OR

Price range: $181.5K-$1.8M

Experience
33 Yrs of Experience
Sales (3 yr)
76
Reviews
71
Headshot of Sarita Dua, real estate agent
Years of Experience
23 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$78M
Sales Volume
in Last Year

Price range: $208K-$2.7M

Specialties: Buyer's Agent · 
Experience
23 Yrs of Experience
Sales (3 yr)
73
Reviews
109
Headshot of Dill Ward, real estate agent
FastExpert VerifiedActive and in good standing
License #
201205238
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
09/30/2028

No discipline or board actions on file for this license.

Verified Oct 20, 2026 · Source: OR DRE

Years of Experience
17 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$15M
Sales Volume
in Last Year
Service Areas: Portland, OR · 

Price range: $158.7K-$1.5M

Specialties: Buyer's Agent · 
Experience
17 Yrs of Experience
Sales (3 yr)
73
Reviews
46
Headshot of Teddi Schill, real estate agent
FastExpert VerifiedActive and in good standing
License #
200602459
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
07/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
20 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$8M
Sales Volume
in Last Year

Price range: $51K-$2.3M

Specialties: Buyer's Agent · 
Experience
20 Yrs of Experience
Sales (3 yr)
71
Reviews
53
Headshot of Sarah Ruffner, real estate agent
FastExpert VerifiedActive and in good standing
License #
200901031
License Type
Salesperson
Status
Active
Issued
N/A
Expires
09/30/2028

No discipline or board actions on file for this license.

Verified Oct 20, 2026 · Source: OR DRE

Years of Experience
17 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$30.8M
Sales Volume
in Last Year
Experience
17 Yrs of Experience
Sales (3 yr)
66
Reviews
50
Headshot of Rachel Smith, real estate agent
FastExpert VerifiedActive and in good standing
License #
201234403
License Type
Salesperson
Status
Active
Issued
N/A
Expires
04/30/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
6 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$13.8M
Sales Volume
in Last Year

Price range: $232K-$1.5M

Experience
6 Yrs of Experience
Sales (3 yr)
65
Reviews
125
Headshot of Karina Stark, real estate agent
FastExpert VerifiedActive and in good standing
License #
990900035
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
03/31/2028

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
30 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$39M
Sales Volume
in Last Year
Service Areas: Portland, OR · 

Price range: $343K-$2.2M

Experience
30 Yrs of Experience
Sales (3 yr)
61
Reviews
109
Headshot of Andrea Guest, real estate agent
FastExpert VerifiedActive and in good standing
License #
201103120
License Type
Broker Principal
Status
Active
Issued
N/A
Expires
05/31/2027

No discipline or board actions on file for this license.

Verified Aug 20, 2026 · Source: OR DRE

Years of Experience
15 yrs
Years of
Experience
Recent sales in last 3 years
Recent Sales
in last 3 Years
Sales volume in last year
$31.5M
Sales Volume
in Last Year

Typical Response Time: 1 hours

Price range: $154.5K-$1.4M

Specialties: Buyer's Agent · 
Experience
15 Yrs of Experience
Sales (3 yr)
58
Reviews
61

Our ranking methodology

How We Rank Real Estate Agents in Portland, OR

FastExpert helps home buyers and sellers compare real estate agents in Portland, OR using available sales history, customer reviews, and local experience. Our rankings reflect the data available to us and may change as new information becomes available. Rankings are updated regularly as new information becomes available.

Learn More About Our Ranking Methodology

How Agents Are Ranked

Agents are listed using the following criteria:

  1. 1

    Transaction History Availability

    Agents with displayed transaction history who meet our recommendation criteria are prioritized.

  2. 2

    Customer Reviews and Ratings

    Agents with higher ratings and more positive reviews are prioritized over lower-rated agents.

  3. 3

    Recent Local Sales Activity

    We consider transactions completed in the searched city within the past three years.

  4. 4

    FastExpert Transaction Performance

    FastExpert transactions completed within the past 12 months receive additional ranking weight.

  5. 5

    Customer Rating

    Agents with higher average customer ratings are given priority to help determine the final order of agents when earlier factors are equal.

  6. 6

    Profile Completion

    Agents with more complete profiles are prioritized over those with limited information.

What We Consider

  • Transaction history made available by the agent
  • Local sales activity within the searched city (past three years)
  • Customer reviews and ratings on FastExpert

Important Limitations

  • Not all agents have transaction history displayed
  • Not all transaction data is independently verified by FastExpert
  • Review authenticity may vary

Agents Cannot Pay for Placement

Agents cannot purchase a higher directory ranking. FastExpert transactions do receive additional weight in our ranking methodology.

Agent Information & Verification

FastExpert provides agent licensing information, brokerage details, sales history, and customer reviews to help you make informed decisions.

  • License Verified

    Agents displaying a “Verified” label on their profile have had their real estate license verified by FastExpert.

  • Brokerage Information

    We display available brokerage affiliation information to help you research agents.

  • Agent Profiles

    Agents can claim and manage their FastExpert profiles.

  • Sales History

    We display available real estate transaction records to help you evaluate agents’ experience.

Review Verification

We use multiple checks to maintain the quality and authenticity of agent reviews.

  • Automated Checks

    We look for suspicious activity, duplicate reviews, and policy violations using automated monitoring.

  • Human Moderation

    Our team reviews flagged content and may remove reviews that violate our policies.

  • Verified Reviews

    Select reviews from third-party platforms like Zillow may be marked “Verified by Zillow” when available.

Top real estate agents

Best Real Estate Agents in Portland, OR

View All Agents

Browse top-ranked real estate agents across every category. Rankings are based on verified sales, reviews, and local expertise.

Top selling agents Portland OR

  1. 1. Drew Coleman5.0
  2. 2. Dirk Hmura5.0
  3. 3. Jordan Matin5.0

Top buying agents Portland OR

  1. 1. Drew Coleman5.0

Top luxury real estate agents in Portland OR

  1. 1. Drew Coleman5.0
  2. 2. Jordan Matin5.0
  3. 3. Rick Sadle5.0

Top real estate agents in Portland for first-time home buyers

  1. 1. Drew Coleman5.0
  2. 3. Reuben Schug5.0

Specialty agents

Spanish Speaking Agents in Oregon

Partnering with an agent that understands you is essential. If you are a native Spanish speaker, working with an agent who can communicate in Spanish could be beneficial. Check out our list of Spanish speaking real estate agents in Oregon here .

Find Spanish-speaking agents in Oregon
Real estate agent representing spanish-speaking agents in Oregon

Frequently Asked Questions

Frequently Asked Questions about Real Estate Agents in Portland, OR

Common questions about hiring a real estate agent in Portland, OR.

What is a top real estate agent?

The designation of top real estate agent is only given to those agents who fall into the top 5% of home sales producers in their region. Real estate agents and Realtors given this designation know the market and are skilled at closing transactions. We ensure that the agents we recommend to you are the best. See the top agents by state here. And in the US here.

Why does choosing the right real estate agent matter in Portland?

There are many options when looking for the right real estate agent. Whether selling or buying, you want an agent who knows Portland and what it takes to close a deal.

We ensure that all our top real estate agents are experts in their area and have the track record to prove it. You have priorities, and an agent should understand them and work hard to meet your goals; that is the best way to ensure you have the best experience and come out happy with the process and result.

How do I know FastExpert has the best real estate agents near me?

FastExpert is the largest online directory of real estate agents in the US. Our agent directory is opt-in, meaning real estate agents choose to join. Once an agent signs up, we check transaction history and reviews to determine if they qualify as a top real estate agent.

We use agent reviews and data on past sales history to determine where an agent ranks in a specific area. Our system is based on real client feedback as well as data, so you can trust the results and have confidence that our recommended agents are the best in Portland.

When should I start looking for a real estate agent?

The housing market in Portland has its ups and downs. If you want to sell your home, it is a good idea to start looking for a real estate agent in Portland up to a year before listing.

Your agent may have some recommended repairs or upgrades to help you sell for a higher price. Getting work on your home can take time, which is why talking to an agent sooner than later is always a good idea.

If you are buying a new home, we recommend to talk to an agent 3-6 months before you hope to move. This allows you time to get to know the market and what you can get for your budget. Your dream home might be available now or you may have to wait a while to find the best fit. Giving yourself some time and wiggle room helps the process go more smoothly.

How can I use FastExpert to find the top real estate agent in Portland?

There are two ways to use FastExpert to find the Portland right real estate agent for you. You can let our team of experts find you the best match by answering a few questions about what you are looking for. Our skilled client service team will send you a list of the agents that best fit your needs, and you decide from there.

Or you can browse our entire agent directory, read reviews, see transaction history, and message an agent directory. It's up to you!

What questions should I ask when interviewing a Portland real estate agent?

When looking to hire a real estate agent in Portland, it’s essential to interview a few agents and choose the one that fits your needs best.

When interviewing, there are some questions to ask to ensure you get information that will help you with your decisions.

Be sure to ask about where they have worked in the past, what their average price point is, how they like to communicate, and how much they charge for commission. For a full list of recommended questions, see our blog post, Essential Interview Questions to Ask a Real Estate Agent.

What do real estate agents in Portland do for their commission?

Portland real estate agents do much more than just put a sign in front of your house. A good Realtor will work with you from the moment you decide to sell your home to after you hand over the key.

This includes things like working with appraisers to set the right listing price, staging, having pictures taken, preparing the listing, online marketing, open houses, working with individual showings, answering questions, negotiating, closing paperwork, and so much more!

If you don’t think hiring a real estate agent is worth the money, think about this - according to the National Association of Realtors, in 2021 the average home sold FSBO (for sale by owner) sold for 32% less than the average home sold with a Realtor.

What are the benefits of working with a top real estate agent in Portland, OR?

Hiring a top real estate agent for selling or buying a home in Portland will save you time and money. Here are four reasons you should consider hiring a real estate agent:

1. It’s their job and they have the time and resources you likely don’t have to do it well. 2. They know the market. The best real estate agents live and work in the same area for years, they know it well and can help address your questions and concerns. 3. They are good at negotiating. They work as the middleperson between you and the other party so you can stay behind the scenes. 4. They do the hard work for you. They market your home, make phone calls between interested parties, handle documents, and negotiate the best deal for you.

What should I look for when comparing top real estate agents in Portland, OR?

When browsing through the top Portland real estate agents, you’ll need to know what makes a great real estate agent before making a decision. Here we’ve listed out the qualities that make a great agent to help you narrow it down!

Professionalism: A top real estate agent takes themselves seriously, and handles every situation with professionalism. Responsiveness: A top real estate agent is your go-to for any questions or concerns you may have when it comes to the purchase or sale of your home. Listens to you: A real estate agent is always personable with their clients. Knowledgeable: A professional real estate agent doesn’t live in the dark ages.

Portland, OR Housing Statistics and Real Estate Market Trends (October 6, 2026)

Get the latest Portland housing market data, price trends, and key statistics to help you make informed buying or selling decisions. See how the market is performing and connect with a top real estate agent in Portland for local expertise.

  • Active Listings

    3,124

    +95.54%vs. last month

  • Median Days on Market

    61

    +7.83%vs. last month

  • New Listings

    1,124

    +4.01%vs. last month

  • Median Listing Price

    $537,250

    −1.12%vs. last month

  • Listings That Increased Price

    206

    −4.28%vs. last month

  • Price/Sq Foot

    $314

    +0.38%vs. last month

· Source: FastExpert market data

What the Portland, OR Housing Market Looks Like Right Now

The Portland, OR housing market had 3,124 active listings in September 2026, with a median listing price of $537,250. Homes spent a median of 61 days on the market, giving buyers more time to compare properties and negotiate. New listings increased compared to last month (+4.0%), and the median price per square foot is $314. Market conditions can vary by neighborhood — use local agent insights alongside these figures.

2025 - 2026 Portland Median Listing Price

$537,250

↗ +17.3% from Jan

The Median Listing Price is the middle price that homeowners listed their properties at in a time period. This means half the homes were listed above this price and half were listed below.

Median Listing Price
2025 - 2026 Portland Median Listing Price
MonthMedian Listing Price
Sep 25$499K
Oct 25$520K
Nov 25$477K
Dec 25$458K
Jan 26$458K
Feb 26$462K
Mar 26$511K
Apr 26$526K
May 26$550K
Jun 26$559K
Jul 26$505K
Aug 26$510K
Sep 26$537K

Explore Portland Real Estate

Get more data, compare neighborhoods, or connect with top agents in Portland.

Local Advice

Community Questions in Portland, OR

Get practical answers from licensed real estate professionals and homeowners throughout Portland on FastExpert Advice.

Which manufactured home setup makes more sense: owning the lot or leasing it?

I'm comparing four ways to buy a manufactured home in the Portland metro area: a new home on a lot I purchase, an existing home with its lot plus renovation costs, a new home on a leased lot, or an existing home on a leased lot. Could an agent explain the resale and cost differences between owning and leasing the land?

Keith Jean Pierre: Vaughn, leasing the lot can be an expensive monthly expenditure. Purchase if at all possible. A quick Google search will give you the pros and cons and outline expectations.

Keith Jean-Pierre
Managing Principal
The Dapper Agents
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Juan Picos: The biggest difference is that when you own the land, you're buying both the manufactured home and the real estate underneath it. With a leased lot, you're purchasing the home but paying ongoing rent for the land.

Owning the lot generally gives you more control and can make the property easier to finance and resell because you're selling the home together with the land. You also have the potential for the land itself to appreciate. However, the upfront purchase price and property taxes are typically higher, and you're responsible for maintaining the entire property.

With a leased lot, the initial purchase can be less expensive, but you need to look closely at the monthly space rent, how and when it can increase, the remaining lease terms, and what happens if you sell the home. Those ongoing costs can significantly affect the home's affordability and resale value.

For your four scenarios, I'd compare the total cost of ownership rather than just the purchase price: home price, land price or lot rent, financing, taxes, insurance, maintenance, renovation costs, and expected resale value.

In the Portland metro area, I'd also have an agent familiar with manufactured housing review the specific community and its lease terms. Two manufactured homes with similar purchase prices can have very different long-term costs depending on the land arrangement.

Juan Picos
Real Estate Agent
JohnHart Real Estate

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Is there a way to finance a multigenerational home purchase before my parents' current house sells?

My parents are planning to move cross-country and want to buy a multifamily property together with us so we can all live there, but their current home hasn't sold yet and we'd only have about $40,000 of our own toward a down payment. The property we're interested in is listed around $700,000 and neither of us has ever done a joint purchase with family before. Is there a loan structure that would let us combine funds and actually qualify together before their house sale closes?

Michael Atkinson: Yes, there may be options. A lender could look at a joint mortgage with all qualifying family members on the loan, and your parents may be able to use a bridge loan or home equity from their current property for the down payment before it sells. The key is having a lender review everyone's income, debts, credit and available equity together so you know which structure is realistic before making an offer.

Jonathan Claudio: Yes. A common approach is to have you and your parents apply together as co-borrowers, using everyone’s qualifying income, assets, and credit, while your parents’ existing home is handled separately in underwriting. Fannie Mae allows multiple borrowers on a principal-residence mortgage, and only one borrower generally has to occupy the new property.

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What to know about selling in Portland, OR

  • Closing costs and transfer tax

    What a Portland, OR seller typically pays at closing, and who pays recording or transfer fees.

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    How the Portland, OR market moves through the year.

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