Blog Stories A First Time Homebuyer Lands "The One"

A First Time Homebuyer Lands “The One”

By Lydia Hallay, September 8, 2023

If you’re an aspiring first-time buyer, today’s real estate market can feel… OOOF. Between interest rates, rising prices, and competition betwen buyers- it’s hard not to feel discouraged. But with patience, grit, and a supportive team behind you- YOU CAN DO IT.

Take Elijah, for example. We first connected back in March 2022, and after exchanging some messages about his real estate goals, we met to tour as-is fixer in SW PDX that caught his eye. As we walked through the property, we reviewed the basics of the home buying process, and what to pay attention to when assessing a property- including the overall condition of the structure (roof, foundation, etc.), health of key systems (HVAC, electrical, etc.), and location (traffic, taxes, etc.).

With a budget of under $375K, Elijah knew he’d likely be buying a fixer. He hoped to find a detached dwelling with income potential that had projects he could mostly manage himself. Elijah was pragmatic about his price point- and willing to look within a 20 minute drive of Portland. Most of our search was focused on “the numbers,” Portland’s outer eastside.

As a client, Elijah was tenacious in his optimism. In our months of touring houses together (I lost track of how many we toured), we saw things many buyers would run from- including mummified rats, black mold, and…. human cremains. Throughout it all, Elijah remained focused on his big picture goal- to gain financial security, achieve an early retirement, & build life-changing generational wealth through homeownership.

After losing out on one house to a cash buyer and taking backup position on another- Elijah finally found “the one”- a cute bungalow with a big yard, near a beloved bike path.

The property had been sitting for a while, and had some readily apparent issues (including some foundation stuff) that we knew would scare other buyers away. We came in with an under-ask offer, then negotiated seller-paid foundation repairs and credit towards closing costs- keeping extra cash in Elijah’s pocket post-close.

Congratulations on getting keys to your new home, Elijah! Can’t wait to see what you do with this first jewel in your real estate crown.

Lydia Hallay

Broker | OR

She/They

Buying or selling a home is often one of the biggest (and most stressful) decisions you'll ever make. I'm here to make your experience as seamless (and fun) as possible. Looking to buy? Whether you're a design-minded dreamer looking for that mid-century unicorn, an investor on the hunt for a fixer (or a 5-plex) to tear into, or a first-time buyer in need of a gentle guide - I'm a skilled negotiator with an eye for design and a knack for finding homes with "good bones." I'm on a mission to ensure you feel empowered and cared for throughout the home-buying process. Ready to sell? If you want to maximize your sales price, you've come to the right place! With a background in landscape/interior design and construction/project management, I've got the tools it takes to make your house shine. When it comes to catching buyer attention, I go beyond the traditional (ex. open houses, RMLS, etc.)- incorporating cutting-edge tools and outside-the-box strategy to build the hype. When it's time to negotiate, my years of experience bargaining contracts mean I'm calm under pressure and know what it takes to get to YES. Like many folks working in real estate, I've got a grab-bag of past lives that inform how I show up. Most of my 20's and 30's (17 years), I worked as a union organizer/negotiator on the state and national level- helping workers across sectors and industries join together and become leaders in the fight for better wages & benefits, a voice on the job, and political power. I've been an entrepreneur, a landscape designer, freelance florist, and have a deep well of personal experience with home renovation & property management under my belt. Aside from working with buyers & sellers, I volunteer my time as the Integrity Chair on Living Room Realty's Broker Advisory Group.  In that role, I serve as Living Room's broker representative for our B-Corp status. A portion of every one of my paychecks goes to Taking Ownership PDX, a community collective of contractors, realtors, neighbors, and businesses who support Black homeowners to age in place, generate wealth, and deflect the gentrification process by deterring predatory investors and realtors.  
About Me: I was born in Memphis, raised in the Sonoran desert (Phoenix), and have been in the PNW since 2003. I identify as queer, and use she/they pronouns. I'm married with sweeties (i.e., I practice ethical non-monogamy) and nest with my spouse, dog, and two cats in the Lents neighborhood of outer SE Portland. I'm a people person, music nerd, avid gardener, and seed-sower/organizer. Since coming to Portland in 2004, I've witnessed many iterations of the city. I'm bullish on the future here- and excited about all our region has to offer. Good food, proximity to nature, an incredible local music scene, and an inclusive community are just a handful of the reasons I love this area. As your realtor, I promise to show up as myself. I'll hustle hard on your behalf with patience, a good listening ear, professionalism, and a goofy sense of humor. What you see is what you get, friends. And if we decide to work together, that's the kind of authenticity I hope you feel comfortable showing too. Ready to make magic happen? Feel free to shoot me a text/email, or give me an old fashioned ring. I'm excited to meet you!
Land Acknowledgement & Mission Statement As a Realtor, the land I do business on is unceded Indigenous land. The Portland Metro area rests on the ancestral lands of the Cowlitz, Multnomah, Kathlamet, Clackamas, Tumwater, Tualatin Kalapuya, Wasco, Molalla, Watlala, Bands of the Chinook, and so many other nations who made this area their home. In addition to the federally recognized tribes mentioned, there are numerous “unrecognized” tribes and Indigenous groups whose stories are also important. I recognize these tribes' legacy, lives, and descendants, and acknowledge my role and responsibility as a guest on stolen lands. I am committed to using my voice and influence as a real estate professional (and, as a human being) to actively contribute to a more just and equitable future- one that promotes dignity, respect, and repair for the damaged caused by systemic oppression, white supremacy, homophobia/transphobia, and exploitative capitalism. If you can't get behind all that. We're probably not a good fit. :)    
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  • T: 503-807-0156
  • lydiah@livingroomre.com

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