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Category: Home Buying Tips

5 Rules For Buying A Bend Oregon Home

Bend Oregon Home


Planning on buying a Bend Oregon Home in 2017? If so, there’s no denying that today’s Real Estate market is more competitive than it was just five years ago and this means that home buyers have to be prepared before they start searching for homes and every home buyer can have the advantage by following these 5 rules for buying a home.

Rule No. 1: Prepare for a marathon house hunt

With today’s low housing inventory and strong buyer demand, it might take you three to six months to buy a house—and maybe even up to a year in some of the country’s tightest markets. Prepare accordingly.
You’re more likely to encounter a multiple-offer situation today than in years past, says Sanderfoot, vastly complicating many negotiations. So don’t presume you’ll be moving any time soon. If you do have a fast-approaching deadline for moving, you’d better get started on your home search. Like, now.

Rule No. 2: Secure financing before you start shopping

Gone are the days when you’d waltz into home showings without securing your financing first. If you need a mortgage to buy a home, you’ll want to get pre-approved for a home loan before you set foot in a home.

The reason: Without a lender’s pre-approval letter in hand, buyers will have a hard time getting sellers to take them seriously. Your offer, though sincere, could easily fall through for lack of funds. We told you it’s a competitive market, right?

To survey your mortgage options, meet with at least three lenders—which could be banks, credit unions, mortgage brokers, or any combination thereof (you can get recommendations from your real estate agent). You’ll want to get a good-faith estimate, which breaks down the mortgage’s terms, including the interest rate and fees, in order to make an apples-to-apples comparison for the best deal. Here’s more on how to shop for a mortgage.

Rule No. 3: Don’t lowball your offer

Bargain hunters, beware: If you’re making an offer on a home that’s priced to sell—meaning it’s listed at, or slightly above, fair market value—“you should present your best offer right out of the gate,” says Peggy Yee, supervising broker at Frankly Realtors in Vienna, VA.

In other words, you need to wrap your head around the idea that you’re more than likely going to be offering full list price. Although that can be tough for bargain hunters, “it’s the reality of many markets,” says Yee.

All that said, real estate markets vary by area, so look to your agent for advice on how much to offer. You can also check particular neighborhoods on to get a base line for median home prices and more.

How long a house has been on the market can make a difference, too. If a home has been listed for more than 30 days, that might mean it’s overpriced—and that means you might have a little room to negotiate on price.

Rule No. 4: Curb the contingencies

When buyers make an offer, they can tack on contingencies—terms that must be satisfied before a deal goes through. For instance, you might require that the place pass a home inspection to ensure that it doesn’t need tons of repairs. If you’re getting a mortgage, your lender will require you to include an appraisal contingency where an appraiser makes sure the house is worth what you’re paying.

All in all, contingencies protect buyers, but sellers don’t always like them because they insert many “what ifs” into the deal, which might mean it falls through.

Since this is a seller’s market, buyers can stand out by attaching fewer contingencies to the deal. Not the biggies, of course, but ones that don’t really matter to you. For instance, you might want to consider letting go of a lead-based paint inspection since you can clean up this problem yourself. Or, many buyers may include a contingency that they have to sell their own home before the deal goes through; consider waiving that if you can.

Rule No. 5: Move fast

There’s no time to waste. In many cases, “a seller will list their house on a Friday, do a couple open houses over the weekend, and then review all offers on Monday,” says Yee. That could mean you have just a few days during which to view the property, confer with your agent, and submit an offer.

Given the time crunch, Lejeune says he asks buyers a simple question during his initial consultation. “I’ll ask, ‘If I show you the perfect house today, at a price that you can afford, are you ready to make a full-price offer right now?’ That question gives me a good barometer of how ready you are to buy a home.”

So if you’re serious about buying a house, you need to be ready to pounce.

Selling a house as well? The rules have changed there, too. Come back tomorrow for more advice on acing this end of the deal.

Search For Homes In Bend Oregon

To get started with searching for homes in Bend Oregon 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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Best Kept Secrets For Buying A Bend Oregon Home


Bend Oregon Home


Are you thinking of buying a Bend Oregon Home? If so, you’ve come to the right place! 

Now is a great time to buy a home in Bend because the snow has finally melted, the roads are clear, weather is warmer and you more sellers will be listing their homes because they know that come April/May it’s going to be a very buy Real Estate Market.

Before searching for homes, here some of our best kept secrets for buying a Bend Oregon Home.

Keep Your Money Where It Is
It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the best loan possible. If you open new credit cards, amass too much debt or buy a lot of big-ticket items, you’re going to have a hard time getting a loan.

Get Pre-Approved for Your Home Loan
There’s a big difference between a buyer being pre-qualified and a buyer who has a pre-approved mortgage. Anybody can get pre-qualified for a loan. Getting pre-approved means a lender has looked at all of your financial information and they’ve let you know how much you can afford and how much they will lend you. Being pre-approved will save you a lot of time and energy so you are not running around looking at houses you can’t afford. It also gives you the opportunity to shop around for the best deal and the best interest rates. Do your research: Learn about junk fees, processing fees or points and make sure there aren’t any hidden costs in the loan.

Search For A Bend Oregon Home

To get started with searching for a Bend Oregon Home 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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5 Tips for First Time Bend Oregon Home Buyers








Are you planning on buying a Bend Oregon Home for the first time? If so, you’ve come to the right place! In this article, we will share with you 5 tips for first time home buyers.

Tip #1 – Review Your Credit Score

If you plan on applying for a mortgage loan like most home buyers, you should review your credit score first because your score could affect the amount of money that you’re approved to borrow.

To do this, all you need is a copy of your 3-in-1 credit report since this will enable you to see what the three major credit bureaus are reporting about you and if you spot any negative items you will have plenty of time to fix them before contacting a mortgage lender.

Tip #2 – Get Pre-Approved for A Mortgage

After confirming your credit score, you should visit a mortgage lender in Bend and get pre-approved for a mortgage loan because it doesn’t make sense to start house hunting without knowing your budget or the amount of money that you’ve been pre-approved to borrow.

Tip #3 – Be Realistic About What You Will Get for Your Budget

As a first-time home buyer in Bend, another important thing you should do is be realistic about what you can get for your budget because many first-time home buyers will start out with high expectations and not be open to considering the homes in their price ranges because they don’t have the features or amenities that they are searching for.

Tip #4 – Understand the Real Estate Market

Another helpful thing that you can do as a first-time home buyer is to understand the Bend Oregon Real Estate Market before you start your home search, including home prices and market activity because this will create a sense of urgency and get you ready to take actions and submit an offer once you find the right home for sale.

Tip #5 – Understand That Home Buying Is a Process

Once you find the perfect home it’s also important to understand that buying a Bend Oregon home is a process and it can literally take between 60 and 90 days from contract to closing so you should be patient, do your part, and be ready to go through the process of buying a home.

Search for A Bend Oregon Home

To get started with searching for a Bend Oregon Home 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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