If you are reading this article you are probably already ahead of the game. You are in your 20s and you're How to Buy a House in Your 20salready thinking of buying real estate. Your friends are talking about getting a loft apartment together, traveling, or maybe just trying to move out of their parent's basement, while you are thinking ahead for your future in considering owning a piece of property.

There are several ways to know whether you are ready to buy or not.

  • You saved a little bit of money
  • You're planning on owning the property for a while
  • You're ready to start investing in yourself

These three little attributes help you make a better decision when it comes to buying real estate. If you haven't saved money or you're not ready to be tied down to a mortgage, owning real estate might not be right for you at this time. That doesn't mean that in 10 years or even five years you will be ready then, but for now, you're having fun being free. However, if you'd really like to jumpstart your real estate investment in your 20s, there are some tips to keep in mind.

#1. Know where you want to live.

If you're looking around the Portland Metro area you probably already know the prices are pretty expensive in downtown. Are you looking for a condominium that's close to entertainment? Are you looking for a home in one of the outlying suburban areas such as Tigard or Beaverton? Are you looking for a long-term investment or something to gain equity for a while and then sell? Consider your job, the commute time, and where you want to live before jumping in.

Read More Home Values Will Soar In These 40 Portland Neighborhoods

#2. Talk to a lender about your options.

You don't need to have every I dotted in every T crossed before talking with a lender. You can start with your bank or credit union or even go through a mortgage officer, who has access to hundreds of different loans through different banks. Talk to them about your long-term financial goals, how much money you currently have, and your credit history. They can recommend different loan options and programs that will work best for your situation. They will usually give you a good snapshot of your credit score and report, how much mortgage you can afford, and how much you should be saving for a down payment.

#3. Talk to a real estate agent about the best time to buy.

There are good and bad times to buy throughout the year. And, those times can change depending on the market. Winter might be a really hot market in the Portland area and you could get a good deal for you might be better to wait until spring or summer as you have more choices. At Marcus Brown Properties, our agents specifically help our buyers in whatever stage of financing or if they might be in. Because we are very familiar with many of the micro markets around the Portland area we can help you find the right home, the right location, the right mortgage and tell you the right time to buy.

Read More: The Real Estate Market in 3 of Portland's Hottest Neighborhoods

If you're ready to get started us a call today. We have tips and tricks from years of experience that can help you get a down payment, lower your rate when searching for a mortgage, and be your one-stop shop for everything Portland real estate. Call us today.