For the first time in over a year, the real estate inventory in Central Oregon increased—albeit a slight increase. Bend and Redmond hit close to a one-month inventory supply for the first time since July 2020. While this number hardly meets market demand, it could be signaling a transition in the market. Inventory trends tend […]
Christin J Hunter, Broker
Posted inNews
Self-Managing a Rental Property
Should you do it? It isn’t as easy as one might think
Owning investment property is a fantastic way to create passive income and create equity and appreciation growth. That said, being a landlord is not for everyone. Sure, it has its perks with income generation and tax deductions, but prior to making the leap into self-managing rental property, it’s important to consider several things—and that includes […]
Posted inNews
Market Update and June Statistics
Inventory remains low and median pricing continues to rise
The June 2021 data is in and as expected, it once again demonstrates extremely low inventory, driving demand and increased median home prices. The inventory showed a very slight increase in June; however not enough to make even the slightest dent in the buyer demand. As a whole, the market in Central Oregon remains overheated, […]
Posted inNews
Seller’s Disclosures: Truth in Real Estate
What items need disclosure when selling a home?
Every property has idiosyncrasies, and certainly, every home is not perfect. It’s highly likely at some point during homeownership something has occurred that will need to be disclosed when selling the property. As a broker, I have yet to meet a seller who hasn’t expressed apprehension about disclosing potential and past problems that could influence […]
Posted inNews
Escalation Clauses Versus Terms
What is the best approach in a seller’s market?
In a market that is incredibly tight with buyers competing for properties, how does one compete to get an offer accepted? One tactic is the escalation clause. The escalation clause, also called an escalator, is language inserted into an offer that states that the buyer will pay a specific dollar amount over the highest offer […]
Posted inNews
Buyers: That Love Letter to the Seller May Not be the Best Idea
“Pick Me” letters create liability issues for all involved
The housing market is one of the most competitive we have ever seen—at least since the National Association of Realtors started keeping records in the late 1960s. Buyers are literally doing anything they can to give them the advantage when submitting offers to purchase a home. Historically, a common tactic deployed by the buyer to […]
Posted inNews
Reading the CC&Rs is an Essential Task in the Homebuying Process
Know before buying
Covenants, conditions and restrictions (CC&Rs) are generally not considered to be scintillating reading material. While it’s a laborious task, it’s a crucial part of the homebuying process when considering purchasing a home in a planned community. Planned development communities can come with many perks, such as neighborhood parks, trail systems, pools, tennis courts and clubhouses. […]
Posted inNews
Waiving the Home Inspection Contingency
Does the risk outweigh the reward?
It’s common knowledge that real estate markets across the country are beyond hot. It’s become commonplace to not hope for but to expect multiple offer situations. Buyers are routinely competing with other buyers who are just as qualified and motivated. In addition to offering tens and in some cases hundreds of thousands over list price, […]
Posted inNews
Record-Setting Median Pricing
March 2021 Market Statistics for Central Oregon
The real estate market has been a topic of conversation for the better part of a year, and it doesn’t look as though that is going to change any time in the near future. Housing prices have continued to soar across the nation and Central Oregon is no exception. Inventory remains low, along with average […]
Posted inNews
Fair Housing
What it means, who’s protected and the unintentional discrimination
What is fair housing? It’s the right to choose housing free from unlawful discrimination. This applies to anyone involved in the sale and purchase of residential real estate, as well as anyone involved in the renting/leasing of residential real estate. This includes real estate brokers, property managers, landlords, lenders and insurers. The Fair Housing Act […]