Early Decision

Reed is in every way my dream school so is it a good idea for me to apply early decision?

definitely! If you really love Reed, you should apply ED—why this school in particular, though? Just curious.

I want to go to Reed because it has a great molecular biology program and its located in portland which is where i want to live. I also just love the atmosphere of Reed.

Apply ED if BOTH of these are true: 1) Reed is your absolute top choice and 2) Reed appears affordable (run net price calculator) and your family has no need/desire to compare financial offers from different colleges.