How to Know You’re Ready to Buy a Home in 2025

Why 2025 Is a Unique Year for Buyers

Interest rates are stabilizing, more inventory is becoming available, and buyers have access to smarter financing tools than ever before. But even with a more balanced market, deciding whether you’re ready is still a big step.

Here’s how to know if this is the right time for you.

1. Your Finances Are Steady

Being prepared doesn’t mean being perfect. But it does mean:

• You have a reliable income

• You have manageable monthly expenses

• You’ve started saving intentionally

Even a small cushion helps buyers feel more confident during the process.

2. You Have (or Can Build) a Down Payment

Many first-time buyers think they need 20% down — but that’s rarely true.
Oregon buyers often use:

• 3% conventional loans

• 3.5% FHA loans

• VA or USDA loans with no down payment

• Down payment assistance programs

If you’re saving or already set aside funds, you’re in good shape.

3. You Understand Your Monthly Budget

Before seeing a single home, it’s important to know your ideal monthly payment range.
This includes:

• Mortgage

• Taxes

• Insurance

• Utilities

A good lender helps you find the “comfort zone,” not just the maximum approval.

4. You’re Ready for Long-Term Stability

You don’t need to be settled forever, but if you plan to stay put for at least 2–5 years, buying often makes financial sense — especially in areas like Canby, Oregon City, Wilsonville, and the North Willamette Valley where demand remains strong.

5. You’re Tired of Renting (and Want to Build Equity)

Renters across Clackamas County are feeling the pinch of rising rents.
Buying gives you:

• Predictable payments

• Growing equity

• Tax advantages

• Long-term stability

Even starter homes can build significant wealth over time.

6. You’re Emotionally Ready

Buying a home is a big life moment. Signs you’re ready:

• You’re excited — not overwhelmed

• You’re willing to compromise on cosmetic details

• You want a place to make your own

The emotional readiness matters just as much as the financial side.

7. You Have a Team You Trust

The 2025 market still rewards prepared buyers.
That includes:

• A responsive lender

• An agent who understands local neighborhoods

• Clear communication

• A strategy for competitive homes

Local Success Story

A recent first-time buyer in Canby felt unsure — they weren’t sure their savings were “enough” and worried about competition.
We walked through budgets, connected them with a great lender, and found an off-market opportunity that fit their needs and comfort zone.
They closed on their first home with confidence — proof that readiness isn’t about perfection, but preparation.

Bottom Line

You don’t need every box checked to buy a home in 2025 — just the right ones.
If you’re considering a move in the North Willamette Valley, I’d be happy to help you explore your options and find out whether now is your moment.