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

Principal Broker | OR

She/They

Calm, prepared, and people-first—Lydia brings a steady presence to what can be a high-stress process.

As a licensed Principal Broker, she leads Ello, a collaborative team within Living Room Realty known for its neighborly approach to real estate. Ello works with buyers and sellers who value thoughtful strategy, good design, and clear communication.

Lydia is consistently top-rated and ranked among the top 150 agents in the city, and is known for listings that sell faster than average (often with multiple offers), with distinctive, design-forward marketing that stops buyers in their scroll.

Before real estate, Lydia spent 17 years as a union organizer and negotiator, advocating for worker rights, leading large-scale strategic leverage campaigns, and navigating complex contracts. That background shows up in her work today: calm under pressure, sharp in negotiations, and deeply attuned to the human side of big decisions.

With roots in the Sonoran Desert (she owns a vacation rental in Tucson), Lydia is an avid gardener, a devoted fan of Portland's food & small business scene, and loves hunting for secondhand/vintage gems. Lydia & her spouse (a longtime restauranteur & golf nerd) enjoy taking their vintage camper (named Puff the Magic Eurovan) for mini adventures. They live in a midcentury home in SE Portland with their dog (Maybelle) and two cats (Kenny & Caroline).

A lifelong advocate for social, economic, and housing justice, Lydia supports organizations doing on-the-ground work in the community. A portion of every paycheck she earns is donated to Taking Ownership PDX, which helps Black homeowners age in place and build wealth.

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