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Thesa Chambers, Principal Broker

Contact Us Today At (541) 771-7064
thesa@centraloregonbuzz.com

70 SW Century Dr #110 Bend, OR 97702

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Come Spring

If you Wait For Spring Will You Leave $ on the Table?

Many homeowners that are thinking of selling wait until spring to list their homes.  Historically spring is a super busy time for the Central Oregon Real Estate Market. However this year, once the shock of COVID-19 settled in people started moving around.  Working from home became the norm, distance learning because a reality. People have reevaluated their living conditions, communities and made the choice to move on.

La Pine has seen incredible appreciation in home values.  Home values are holding steady due to the lack of inventory and low interest rates.  As I write this there are only 16 residential properties for sale in the 97739 zip code. With the holidays over buyers are constantly looking for a home to call their own.

Listing your home now with such low inventory will bring you a higher sales price and generally speaking a cleaner offer. If you wait until spring, will you be competing with a lot of other listings?  Interest rates could be higher too, reducing the buying power of the buyer.  Lenders approve buyers based on the payment their income can withstand. With lower rates we see higher qualifying numbers, with higher rates we see lower qualified prices.

Are You Ready To List – Get a Home Evaluation Here

If you wait until spring you could seriously be leaving money on the table.  The first quarter of 2020 (Jan 1 to March 31) we had 69 homes close escrow.  This year that number stands to be lower, not because the market is slow but because there are not enough homes on the market. If history repeats itself and we have a flood of new listings hit the market at once competition will be fierce, prices will be negotiated and some homes will take longer to sell. I recently published this YouTube video explaining in more detail how tight the market is and how selling in the winter may be beneficial to you the seller.

Posted in: General Real Estate

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About Thesa

As your real estate agent, I understand the value of providing the best possible service to every buyer and seller. Listening carefully to fully identify not only your desires but also your needs. Then work diligently to ensure that both are accommodated to the best of my ability. We will stay abreast on changing market conditions, trends, developments and research all factors that could affect the purchase or sale of your property.  My success and your happiness greatly depend upon the quality of the relationship we achieve.  Through personal redefinition of the professional standards set by most agents, I hope set myself apart from the rest and become the first person that you think of for all of your real estate needs.

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Contact Thesa

Thesa Chambers, Principal Broker West + Main Homes
thesa@centraloregonbuzz.com
(541) 771-7064
© 2023 · Equity Framework
The data relating to real estate for sale on this website comes in part from the MLS. Listing broker has attempted to offer accurate data, but is not guaranteed accurate. All information presented is deemed reliable but not guaranteed.

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