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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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Don't Be House Poor Buying Your First Home

Home for Sale Central Oregon

Is It Time To Buy Your First Home?

Is it time to start thinking of  buying your first home? The first well maybe second step in finding your dream home is talking to a lender.  Discovering what you might qualify is a huge piece of the puzzle.  However, sometimes the loan you qualify for is not nearly as important as what you want your house payment to be. If you are currently renting a home and you’re comfortable with the rent payment, keeping your house payment in that price range will allow you to continue to live the life you are accustom to. (first step would be to make the decision to buy a home in Central Oregon)

It was not that long ago that we experienced this as almost an impossibility.  However, since the “big real estate crash” prices of homes have fallen and pretty much stabilized and rents are climbing.  Many 3 bedroom 2 bath homes in Bend, Oregon rent for well over $1200 a month.  Many homes between $150,000 and $200,000 (even with as little down as 3.5% for an FHA loan) will calculate out at a lower monthly mortgage payment than a rent payment.

How long this will continue is unknown!  We do know that in the past the biggest benefit to home ownership was based on the tax benefits and the building equity in something you own.  Today those things are still present, but you can often pay less for more house than your rent can provide.

So… is this the year for you to purchase your first home?

Homes under $200,000 in Bend

Homes under $200,000 in Three Rivers South

Homes under $200,000 in Redmond

Homes under $200,000 in La Pine

Posted in: Bend, Buying, Central Oregon, La Pine, Redmond, Three Rivers South

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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
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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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