Buildings have been transforming since the beginning of their existence. Throughout history, people have adapted buildings to address social needs, as builders continue to learn, adapt and improve after mistakes. Today’s era of building is ready to enter into a new phase, with change being driven by a need to conserve precious resources, clean air, […]
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Competing in Today’s Market
Putting your best foot forward in an ultra-competitive market
It’s no secret that the real estate market is anything but typical for a recession. The market is incredibly competitive, with many properties seeing multiple-offer situations and going under contract within 24 to 48 hours. In today’s market, it’s crucial that buyers have all of their proverbial ducks in a row; one small item can […]
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A Thriving Housing Market
Record-breaking numbers amid the pandemic
Summer is in full swing in the high desert, with high temperatures and an even hotter housing market as the July real estate numbers set records. According to the latest Beacon Report, in Bend the residential single family home median sale price jumped to a new high of $529,000, with a total of 318 homes […]
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Capitalization Rates Explained
How this formula translates for real estate investors
Ever wonder how real estate investors determine what properties they are going to buy and how they determine if the property is a “good” investment? Contrary to owner-occupied real estate investments, which are generally purchased to suit the comfort, style and size of the purchaser’s desires, real estate investment property purchases are primarily based on […]
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More Time Inside
Indoor air quality considerations
Humans take about 20,000 breaths each day and Americans spend a majority of their time indoors—spending about 90 percent of the day in their homes, cars or at work. Now that we are in a global pandemic, this rate of staying indoors has increased, according to Kenneth Mendez, CEO and president of the Asthma and […]
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Don’t Spike the Ball Before the Touchdown is Called
A real estate transaction is never guaranteed
until it officially closes
The offer has been accepted, the inspection contingency removed and the loan is approved. That means it’s time to celebrate, right? No! We have all at one point or another heard of that football player who had a spectacular run and was so enthused in assuming the touchdown was guaranteed, that they spiked the ball […]
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Hesitating Buyers?!
Now may be time to get off the fence
Just as there are a kaleidoscope of people, there are also varying types of homebuyers. Some are decisive, knowing what they want and ready to make an offer as soon as an ideal home comes along. Others need to move in a timely manner due to a new job or to be closer to family […]
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Real Estate Inventory is at an All-Time Low
What does it mean for buyers and sellers?
In recent years the Central Oregon real estate market has been no stranger to low inventory. In June 2020, the region took a dip to less than one month of inventory for the city of Bend. Inventory is the number of homes actively for sale. There just isn’t enough housing inventory for the number of […]
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Remodel Priorities
Projects for the Highest Return
When sellers decide to put their home on the market, their first priority is examining the major elements of their home: the roof, heating system, exterior paint, etc. Once they determine those are in good shape, we recommend turning the focus to rooms inside the house. Start with the kitchen, move on to the bathroom […]
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Contingencies in a Real Estate Purchase Agreement
The 5 Most Common Real Estate Contingencies Explained
A contingency in real estate is best explained as a clause in a contract where a specific condition or criteria that must be met in order to continue the forward movement to the next step in the contract. In real estate, a contingency is defined as a condition that must be met by either the buyer […]