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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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Thinking About Purchasing a Condo as Your Home?

buying a condo as your homeIf you’ve been trying to decide how to finally own your home, buying a condo can be a good first step out of renting and into home ownership. There’s good news about condos right now, too. The National Association of Home Builders reports that the production of condominiums and apartments is at an all time high, since tracking began in 2003.

The latest Multifamily Production Index (or MPI) released in late August showed an increase to 61. The MPI is a measurement of builder and developer feelings about the conditions of the apartment and condominium market. It’s measured on a scale of 0 to 100 where a score over 50 shows that a majority of respondents report conditions in the market improving. Three elements are measured by the MPI: construction of low-rent units, market-rate rental units, and for-sale units, or condominiums. The for-sale component scored 58, which is the highest score since 2005, indicating that choice in is available when looking for a condo as your home.

Consumer demand for condos is increasing and builders are answering that demand by building. There was a dearth of new units being built during the housing downturn. With the increase in production, there are more options for people looking at buying condos.

If you want to own property but don’t want to deal with yard work or maintenance tasks and would like to keep your payments low, a condo may be the perfect choice for you! You may be surprised at the many options available for buying a condo locally and I’d love  to help you discover them!

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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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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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