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Tips for First Time Home Sellers

When it comes to the real estate market, most consider what it’s like to be a buyer first. Being a seller takes up half of the equation too. If you’ve successfully purchased your first home, congratulations. If it’s time to sell your first home, our Bend Oregon Realtors are here to help with that too.

Your next buy

If you’re getting ready to sell your house, one of the most important steps, is being prepared for your next buy. If you plan ahead on your next purchase, it could save you some of the headache in selling your first property. Getting pre-approved for a mortgage before you sell your home, will help you find the next perfect property for you. Something that sellers often do is purchase a home that is contingent on the sale of the home you currently own. It can be difficult to look for homes, while you’re still paying for the one you currently live in. To help with your finances, you can make the sale of a new home, contingent upon the one you live in. That way, if the sale on your current property falls through, you’re not stuck paying for two mortgages while you’re only living in one.

Be Ready

An inspection can be a big part of the sale process. Be sure that your home is ready for showings as well as an inspection. Make sure your home is clean and ready for viewings, and try to take the time to fix any small projects you can. Small things like ripped screens, landscaping, etc. can really help the sale of your house, even though they’re small fixes. Buyers want properties that are move in ready, and a few things, however small, can jeopardize the sale.

Bend Oregon Real Estate Agents

Having the help of the right agent on your side, can make all the difference in a home sale. Bend Realtors know what the market is like, they know how fast things are selling, what kind of properties are desired, and what you can do to ensure that your home sells quickly and for the best price. Real estate agents will help you price the home right. While they can’t suggest the listing price, they can help you determine what other comparable homes in your area are going for.

Selling your home

Be sure to discuss what you will and won’t negotiate on ahead of time. Knowing your end goals for selling your home, can make negotiation simple. Make sure your home is available whenever someone wants to see it. While it can be hard to vacate your home at the drop of a hat, it’s important to let buyers into your home whenever they want to see it. If you restrict the showing schedule, it’s likely that buyers will move on and find other properties that they want to look at. If they find your home and want to look at it, they’ll likely want to see it immediately.

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June Real Estate Forecast shows Summer is here, with high inventory and sales

It’s the time of year that the real estate market in Central Oregon really takes off. Buyers and sellers alike should pay attention to the real estate market, to learn how it could affect real estate decisions, both listing and buying.

Higher Inventory

Over the past couple of months there has been a slight increase in the number of active listings, until June. In June the number of listings soared to 442 from 337 in May. This is expected, as the late spring and early summer months is the time when the real estate market really takes off in Central Oregon.

As the summer is the most active time for real estate activity, we do expect to see this trend continue throughout the summer, along with more sold listings and pending sales.

Consistent Pending Sales

If there’s ever a drop in the number of pending sales, it typically means that buyers are getting more cautious and are analyzing pricing more before purchasing. But given the consistent pending sales from May to June, buyers are loving the number of available listings, and sales haven’t slowed down.

More Sold Listings

While the number of sold listings stayed consistent in April and May, the number has climbed to 246 in June. This indicates that Summer is here, and the time to buy is now. With plenty of available listings on the market, there’s a home for everyone’s taste.

Typically, when there’s a wide inventory of properties, sellers have to consider more competitive pricing. When buyers are looking for the perfect home, they might be able to find similar homes at completely different price points. So as a seller, it’s time to talk to your Bend real estate broker, and make sure you’re priced competitively. Check out recent comparable sales in your neighborhood, and be sure that your pricing is where it should be. If your home is priced competitively, you’re more likely to get the right offer for your home

Find the perfect home with Duke Warner

Spring and Summer is the most active time of the year for real estate in Central Oregon. If you’re looking for a new property, or want to get something listed, Duke Warner Realty is ready to help. Visit us today at dukewarner.com, browse our Facebook page, or call us at (541) 382-8262.

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Best Seasons for Buying and Selling Property

It’s rumored that the spring and summer are the best seasons for selling your home, and that may be partially true. With every season, there comes pros and cons, and as a buyer or seller it simply depends on what you’re looking for and what the Central Oregon real estate market is like.

Spring and Summer Pros

Some think that spring is the best time to sell a home. It’s when buyers typically start coming out of the wood works to find the perfect property. It’s also the time of year that lots of listings come onto the market, so there’s more for buyers to look at.

One of the benefits of selling your home in the summer is that other homes near you are likely selling. If you have homes in your area that recently sold for a higher price, chances are that yours will sell for a higher price too. If you’re trying to sell your home in the summer, and the last comparable home sold near you was in the winter, it’s going to look like your home is listed for too high a price. So selling your home in the “on season” gets you a better price for your property. If you can afford to, try to wait to list your home until other homes near you have sold.

Another perk of selling in the summer is that the days are longer. People love to see homes in the daylight, and it can make or break the happy feel of a potential new home. The benefit of summer is that the sun shines all day, and there’s plenty of daylight for showings.

With more buyers, there could be more of a chance for a bidding war. While bidding wars are a hassle for buyers, they can be very beneficial for sellers.

Spring and Summer Cons

Some of the cons of selling a home in the spring or summer is that buyers can be pickier. With a lot of potential listings on the market, buyers can pick and choose what they look at. With plenty of time in the summer to buy, potential buyers might not be tempted to purchase a home that needs work, they might just wait for a similar property that won’t require work.

Fall and Winter Cons

Some people may intentionally wait for winter to look for potential homes, as they believe they’ll find cheaper listings or better deals. Some investors wait to buy property in the winter, when pricing tends to be lower. Typically, people put their house on the market in the winter, because they have to, not because they’re shopping around to see what they can get. When people list their house in the winter, it’s typically because they need to move and are willing to accept most offers, whether or not they’re below asking price.

Fall and Winter Pros

With the need to sell your home quickly in the off season, also comes the need to buy a home quickly. With fewer listings on the market, determined home buyers will be quicker to make an offer on a property they like. Some off-season buyers are more focused on finding a home quickly.