Bend Oregon Real Estate - Is Now A Good Time To Buy?

Bend Oregon Real Estate

After being the national darling during the boom years of real estate, Bend, Oregon has finally become a Buyers Market which is providing Buyers with some incredible deals right now. How long this trend will last is anyone's guess.  

Is Bend still a good place to buy a real estate investment in?
Should I wait to buy a home?

To answer the first question, I'm reminded of why people bought homes here in the first place. Regarding whether one should wait to buy a home, I would say it depends on your circumstances. If your purpose in buying a home is to make a 25% appreciation each year then you'd better not buy a home today. Traditionally real estate has been an investment in yourself and your family which provides stability, pride of ownership, a tax shelter, long term investment, and some peace of mind. So I'll ask again, is it a good time to invest in Bend Oregon Real Estate or should you wait? If you are looking to buy a new home it's worth knowing that the profit margin in construction is running pretty thin for builders, and prices aren't likely to adjust much more especially with new homes under the $300,000 price range. When it comes to resale homes, prices still may adjust downward a bit more. However, keep in mind that if you hire a good realtor to negotiate on the home you're eying today, chances are your realtor will be able to negotiate a lower price which will act as a buffer should prices go any lower. Sellers are in a negotiating mood today but the minute they get wind of an upturn in the Bend and Central Oregon real estate market, they will resist negotiating on their price. Tarris Rogers - A 38 year old Native Oregonian and 12 year real estate broker in Bend Oregon.


Article Source: EzineArticles.com


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