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Buying a new home can be difficult for new homebuyers because there are several things to consider before beginning your search for a new property. Lucky for you, this blog will discuss everything you need to know before buying a home in Bend, Oregon.
For a quick overview of the beautiful place of Bend, Oregon, it is the fifth largest metropolitan area of Oregon and is in the county seat of Deschutes County. The city has an estimated population of 99,178 as of the recent 2020 U.S.
Given the city’s recent growth in population and popularity, here are a few things to consider if you plan to buy a home in Bend, Oregon.
Home Buying Tips in Bend, Oregon
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Named after one of the few fordable spots along the Deschutes River, the location where the town of Bend was eventually platted is known as “Farewell Bend,” from which “Bend” was derived.
If you are buying a home in Bend, Oregon, it might be one of the best decisions in your life because the city is known for its glorious sunshine, fantastic recreation, and standard quality of living. As a first-time home buyer in Bend, Oregon, these are helpful tips for you!
Stick to Your Specific Budget Range
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First-time homebuyers need to stick to their specific budget range. Although it may be tempting to get carried away by your excitement about buying your first property, you might get into a situation where it would be financially difficult for you to handle.
It would be best if you don’t get stressed about committing to expensive property that does not fit your housing needs. Lenders also carefully consider your current financial situation and your potential to handle more debt, so make sure you have a good reputation with them.
Apply for a Pre-Approved Mortgage Loan
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A homebuyer’s first step is usually determining their maximum budget for a house. For first-time home buyers, to keep track of your budget and plan your first home purchase, you should calculate your monthly mortgage payment estimate.
Having an idea of how much house you can afford is the first step, but most sellers will also require a pre-approval letter from a lender before considering your offer. Don’t make drastic changes to your finances, such as switching jobs or taking out a huge loan.
Work With a Qualified Real Estate Agent
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Your Bend real estate agents should be committed to helping you find the right home at the right price, whether by obtaining a mortgage, locating the ideal neighborhood and property, or navigating the complexities of the Bend real estate market.
With the help of a qualified real estate agent, your first home-buying experience will be smooth and stress-free!
Know Your Neighborhood
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Familiarizing yourself with the neighborhood where the home you are eyeing is located is one of the best moves first-time buyers should make.
Learning about your potential neighborhood’s history, community, and residents would help you decide on your next move. Adjusting to a new place will be easier and faster if you find a suitable area for you and your loved ones.
Benefits of Buying a New Home in Oregon
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As one of the steadily growing cities in the nation, Oregon’s inventory of homes is also facing scarcity. This is why many homebuilders are constantly trying to build houses from sustainable materials. You can find various home types in the market depending on your budget and home needs.
Buying a tiny home in Bend, Oregon is also a great choice. Many home builders are dedicated to building tiny houses for Oregon residents. There are many modest homes in Oregon that residents can move into, especially for families looking for starter residences in the city.
Bend, Oregon, is a Great Place for Nature Lovers
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Imagine vast hiking routes, horse trails, world-class mountain biking and skiing, and countless water activities. These are just some of the favorite outdoor activities waiting for you in Bend, Oregon.
With world-class ski destinations like Mt. Bachelor, winter sports abound. Summer brings stunning hiking paths and world-class fly fishing. Bend, Oregon, is the best city for nature enthusiasts!
Fantastic Weather
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Bend has 162 sunny days per year and four seasons. Summer temps are between 80–90 degrees with no humidity. Winter is dry, with an average of 45 degrees and a few snowstorms. The state and west coast fall is spectacular, with colorful maples and magnificent larches.
Aesthetically Pleasing
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Buying a home in Bend, Oregon will give you stunning views that your eyes will feast on. The region is so attractive that you would want to glue your eyes to the scenic vistas in front of you. Bend’s Ponderosa pine forests and panoramic mountain views are a welcome change from the towering concrete buildings of most cities.
The town’s central area is bisected by the Deschutes Wild and Scenic River, a pristine waterway famous for surfing. The historic downtown area, built of brick, is picture-perfect when covered in snow.
Top-Rated Restaurants
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There are many excellent dining options in Bend, and the number of fantastic places to eat keeps growing. It’s one of the most underestimated American cities regarding food options. You can’t go wrong with the delicious options at the city’s many mobile eateries. Here are some of the best and most famous restaurants you can visit in Bend, Oregon:
Wrap Up
For several reasons, Bend is one of the most desirable cities in Oregon. Because of its thriving economy, gorgeous homes, and outstanding quality of life, no wonder many would want to purchase a home and relocate to the area.
Now that you have an overview of the home first buyer tips, you can now decide on your next move in the beautiful city of Bend, Oregon!
If you wish to know more about the best home-buying tips in Bend, Oregon, please do not hesitate to call me at (541) 350-8244. Feel free to follow me on my social media platforms to receive the latest updates about Bend, Oregon:
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Frequently Asked Questions
What are the benefits of buying a home in Bend, Oregon?
Buying a home in Bend, Oregon, is always a win. Whether you are purchasing a property to live permanently or invest in, you will always get what your money’s worth and enjoy the following benefits:
- Bend, Oregon is an excellent place for nature lovers.
- The city has fantastic weather.
- The city and its neighborhoods are aesthetically pleasing.
- There are plenty of top-rated restaurants and shopping centers that surround the area.
What are the top neighborhoods in Bend, Oregon to consider when purchasing a home?
- Southeast Bend – People who want to slow down often choose to live in Southeast Bend because there is less traffic and it has a very tranquil neighborhood vibe.
- Southwest Bend – It is ideal for raising a family and features several stunning properties. It is surrounded by peaceful neighborhoods and trail systems along the Deschutes River.
What is the average price range for homes in Bend, Oregon?
Bend, Oregon, has an average home price of $766,000. The median cost of a one-bedroom apartment flat is $1,760. Compared to other parts of the country, these prices may seem excessive. However, there are many benefits you will get if you live in the area.
What are the drawbacks of buying a home in Bend, Oregon?
Bend, Oregon’s high cost of living could be the city’s most considerable drawback for investors and homebuyers. Real estate investors may find the city’s prices to be too excessive at nearly double the national average.
How is the real estate market in Bend, Oregon, currently performing?
Oregon real estate prices are rising due to high demand and a lack of available properties. The supply is expected to open up in 2022. As the pandemic’s effects fade, normalcy will return. Oregon is anticipated to continue being a seller’s market as demand for homes remains high.
