It looks like 2010 is going to be a good year to buy real estate in Bend Oregon. Interest rates are low, prices are good and Uncle Sam is giving out tax credits until April to most people who buy a home. $8,000 to first time home buyers who haven't owned a home within the last 3 year. A little less for those who do.
We are starting to see multiple offers on well priced homes. Bank foreclosures made up 44.4% of my sales last year and my clients were involved in several multiple offer situations. We won some and lost some.
One problem we are having is low ball appraisals on some of our sales. As the market bottoms out appraisers can't find comparable sales for their appraisals. I sold a river front home for $379,000 and the appraiser came in $30,000 below the sales price. There were no comparable river front sale in Bend so he used LaPine sales which are completely out of our area.
As prices start to stabilize we will see more and more multiple offer situations. Negotiating on behalf of my clients is one of my specialties. I've been selling quality homes for 33 years.
I sincerely believe that between now and summer is the time to buy a home in Bend. Once the media reports prices and interest rates are going up I think we are going to see a deluge of buyers.
If you’re thinking about buying a home in
Call 541-389-4511 or see his web site to search the MLS - Bend Oregon Real Estate. Jim is licensed by the State of Oregon as the Principal Broker for Bend Oregon Real Estate Expert. E-MAIL
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