This week I wanted to discuss some changes we are starting to see in our local real estate market with regards to appraisals. Quickly, an appraisal is an unbiased professional opinion on a home’s value, used whenever financing is involved. The lender just wants to do their own bit of due diligence on a property […]
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Pricing Your Home to Sell
How to get it right in a challenging market
Deciding to sell your home can be exciting, stressful and confusing, especially when it comes to the list price. You might be cashing out on equity for retirement, downsizing, upsizing or looking for land. Whatever your situation, you want to be sure you are getting the best return on your biggest investment: your home. There […]
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Time in the Market Beats Timing the Market
Weighing options in today’s market
Working with folks looking to purchase a home in Bend has been tough for a few years now. Between COVID, low inventory and fierce competition, it seems like buyers have been unable to catch a break. Now things have sort of pivoted. I use that word because while things have changed a bit, by and […]
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How to Choose the Right Broker in Today’s Market
With all the complexities and changes, an
experienced professional should be on your team
Today’s real estate market has many complexities, timelines and constant changes. It’s hard to stay on top of it all. If you don’t have a trusted, experienced broker on your side you are potentially putting yourself in a compromising position. So how do you choose the right real estate broker for your needs? A good […]
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Doing Your Due Diligence
Taking some simple steps
When moving into a “new” home there are many uncertainties, many of which cannot be realized until paperwork has been signed and the move is complete. Nobody knows you and your preferences better than you do. It is imperative that each buyer takes the time to do their own due diligence. How does one do […]
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The Possible Return to a Normal Market
No need to panic; things are still hot in this
recently magma-hot market
The elephant in the room in real estate right now is and has been for a few weeks: interest rates! Yes, the rates have gone up recently, so what is going on in the market? Lots of things are changing and evolving, but right now demand is still high and inventory is low, so most […]
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Let’s Talk About Contingencies
Changes in 2022 on waiving inspections, appraisals
I wanted to take a moment to talk about some of the more popular contingencies that exist in most residential real estate sale agreements. A contingency clause “is a provision requiring a specific event or action to occur in order for the contract to be considered valid.” After a buyer and seller agree and have a […]
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Buying or Selling Tenant-Occupied Homes
Oregon’s renter protections can make the process more complicated
Despite climbing interest rates, supply and demand in the housing market remains significantly unbalanced. There are still many more buyers looking for homes than units available. As a result, it remains a sellers’ market, with prices up more than 20% from just one year ago. Some investors who own and rent out homes or other […]
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There is Nothing to ‘Pop’
The shifting RE market does not equal bubble
Everywhere I go online it seems someone is posting some article (not too much unlike this one) about how the real estate market is in a bubble, and that soon that bubble will burst. The thing is none of it is very convincing, because for this to be a bubble something has to “pop.” To […]
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Condos and Townhomes
What you should know about easy living
Not all homebuyers wish to take on all the maintenance and responsibility of single-family home ownership. Whether you are simplifying your life, travel often, or just desire to live in a closer-knit community, condominiums and townhomes may be appealing. There are several similarities: Both a condo or townhome will have at least one shared wall […]
