Deb Tebbs Group

Cascade Sotheby's International Realty

3 Reasons To Buy Bend Oregon Real Estate After The Start Of The New Year

Bend Oregon Real Estate

 

 

By The Deb Tebbs Group

BEND, Ore. – Are you planning on buying Bend Oregon Real Estate next year but can’t decide if you should buy a home after the start of next year or wait until the spring?

Although many people will typically wait until spring or summer to buy a home, you should buy a home after the first of next year for these 3 reasons.

#1 – Mortgage Interest Rates Are Increasing

Right now we still continue to have historically low mortgage interest rates but that could change in 2017 as many people, including President-Elect Donald Trump, are calling for the Federal Reserve to raise interest rates. If you want to save potentially hundreds of dollars per month off your mortgage payment you should get pre-approved for a mortgage loan soon, and buy a home no later than after the first of next year to avoid paying a higher mortgage after a rate increase.

#2 – A New President Of The United States

Under President Obama, we’ve enjoyed a remarkable period of sustained growth in the Real Estate market but that could change in 2017 as Trump has made his feelings clear about reforming the tax code, Dodd-Frank Act and possibly FHA mortgage loans. These are all ample reasons why any buyer who has a stable job and has saved money for a down payment on a home should buy a home after the start of next year before changes to the Real Estate market could make buying a home unaffordable for them.

#3 – New Homes Available

Thanks to the growth of the Real Estate market we have many new homes available in Bend and communities across Central Oregon like Sunriver, Redmond, and Prineville so if you like the idea of buying a brand new home that’s move in ready, and won’t need any work, now is the right time for you to buy a home in Bend Oregon.

Besides the reasons why you should buy a home after the start of the New Year, you should also seriously consider buying a home if you’re renting because, rents are only going to continue increasing in 2017 and it’s possible that you could see an increase of 2% or more but, you can finally end the “see-saw” ride of renting when you purchase Bend Oregon Real estate.

Learn More

To learn more about why you should buy a home after the start of the year, or to view homes for sale in Bend, contact the Deb Tebbs Group today by calling us at (541) 323-4823 or click here to connect with us online.

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