Bend Real Estate General Information

Found 11 blog entries about Bend Real Estate General Information.

How Will State Wide Rent Control Impact Rentals?

For Rent

Oregon has the distinction of becoming the first state in the United States to pass state wide rent control. California attempted to do this last fall, but it failed at the ballot box. Several large American cities, such as New York, have rent control laws, but no state until now.

The law as written will limit the rent increase in to 7% above the annual change in the consumer price index. It also prohibits landlords from terminating month-to-month leases without cause after 12 months of occupancy. There is an exception to this last - for those tenants who receive three lease violations within a 12 month period and the landlord provides them written notice within 90 days.

How this new law will

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Bend Single Family Home Prices Have Grown

Bend Real Estate TrendsOver the past 8 years, the sales price of a Bend single family home has grown by 129%. The average sales price at the end of 2010 was $223,000 and $510,000 the end of 2018. During the same time period, the average active price of a Bend single family home has gone up 91% from $373,000 in 2010 to $711,000 the end of 2018.*

This growth in the price of a Bend home has led to an affordable housing crisis with the average Bend family questioning whether or not they can afford to purchase a single family home in Bend; for many the answer is no.

 

How Much Home Can a Bend Family Purchase in 2019?

According to Deschutes County records, the median annual Bend household income in 2018 was $67,727. Chris

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FIRPTA is a Real Estate Transfer Tax for Foreign Sellers

FIRPTA TaxThe Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) authorized the United States to tax foreign persons (and entities) on the sale of United States real property interests. This withholding tax is to be collected at the closing of the sale and amounts to 10% of the purchase price if the sale is over $300,000 but less than $1,000,000 and 15% of the purchase price if the sale is over $1,000,000. For sales less than $300,000, provided the buyer occupies the residence at least 50% of the time, there is no tax collected.  Typically in Oregon, this withholding tax is collected at closing by the escrow company and forwarded to the US Treasury.

The problem comes when the seller is a

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100 Acres of Bend's Gopher Gulch Ranch Sold

Gopher Gulch Ranch Bend Oregon

Bend Premier Real Estate Brokers Jen Chapman and Robert Curzon represented the buyers of 100 acres of Bend's Gopher Gulch Ranch which closed on June 29, 2018 for $4,000,000. Gopher Gulch Ranch, located north of Bend's city limits off of OB Riley Road offers outstanding mountain views, rock outcroppings, juniper and ponderosa trees and has approximately 2478 lineal feet of rim line overlooking the Deschutes River. The convergence of the Deschutes River with Tumalo Creek can be seen from the northwest corner of the property. Bordered on the south by the Riley Ranch Nature Reserve and the west by the Deschutes River canyon area, the 100 acres offer amazing views, abundant wildlife and a peaceful setting.

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Wire Fraud in Real Estate Transactions

What is the Process Scammers Use to Access My Funds?

If you haven't heard before, the cases of wire fraud involved with real estate transactions have escalated with more and more buyers and sellers becoming victims.  The scammers are becoming more sophisticated with them successfully hacking into the email accounts of people involved in a real estate transaction and monitoring the emails. At the point in which either the money to purchase the property becomes due or the seller's proceeds from the sale become available, the scammer will send a bogus email with wiring instructions to the buyer or seller. If the instructions are followed, the money will be sent to a legitimate American bank (usually Bank of America or Wells Fargo) at which point the

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Dana FurlanKelly JohnsonBend Premier Real Estate has the Best Realtors in Central Oregon

A huge congratulations to Dana Furlan and Kelly Johnson as the Source's choice for number one and number two Best Realtors in Central Oregon. We know our agents are the best and apparently Central Oregon residents do as well.

Thank you to everyone who voted for Dana and Kelly!

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Roof with SnowIn light of the collapse of the Highland school gym roof last night, the concerns regarding snow load have really hit home. So what is snow load and what can a Bend homeowner do about it? According to AccuWeather, a cubic foot of dry snow weights about 6 to 8 pounds, while one cubic foot of packed snow could weigh up to 20 pounds. The same volume of ice can weigh three times this amount.  Roofs are engineered to handle a certain amount of weight based on their pitch (inches the roof rises vertically for every 12 inches it extends horizontally). The steeper the pitch, the less likely snow will accumulate on the roof. Homes with low pitch or flat roofs are at increased risk to accumulate snow and collapse under the snow's weight. The average

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Icicles and Ice DamsBend Oregon Homes -

This winter has seen more snow fall in Central Oregon than we have had for several years. Although beautiful, it can also be hazardous for driving and can create problems for Bend real estate. Among the most noticeable issue we have observed is a great number of icicles hanging from roofs. These are indicators of problems with your Bend home. Icicles form when snow accumulates on your roof and then melts. If your attic has insufficient insulation or improper ventilation so that your attic becomes warm, this will heat the roof and cause the snow to melt.  As it melts, the water flows towards gutters or the edge of the roof where it freezes again, forming icicles. Experts advise against knocking these icicles off, as this may break

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Bend Real Estate Listing in SnowBend Oregon real estate continues to be sold even during winter. Some sellers do take their property off the market during the winter months, but for those who don't, there are buyers interested in purchasing Bend homes. For those sellers who are willing to keep their listings going in the winter, there are several items which need to be addressed to optimize the opportunities for buyers to see and fall in love with the property.

  1. First, make sure the sidewalk, entry and driveway are shoveled and as free from snow as possible. It is very difficult to show a home if the buyers and selling Broker have to beat their own path through the snow to the front door.
  2. Provide a rug both outside and inside the front door for buyers to wipe the snow and
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Bend Housing Trends UpThere are many ways to look at real estate trends in Bend, Oregon. Among the most in interesting is to compare sales over the last twelve months with those of the previous year. While the actual numbers of properties sold are up just slightly at 3%, the value of the property is up significantly at 11% on average, with the biggest increase found in the sale of multi-family properties at over 30% followed by commercial buildings at 22%.*

There has been a significant lack of affordable housing in Bend over the last few years with the rental vacancy rate less than 1%. This helps to explain the reason that multi-family properties have increased so much in value. Anyone driving around Bend's eastside will see many new apartment complexes under construction.

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This content last updated on April 19th, 2019 at 12:14am PDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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