http://www.gobend.com/Blog/2009/01/15/its-not-over-yet/ Bend Oregon Real Estate News & Community Forum Thu, 17 May 2012 02:49:04 +0000 http://wordpress.org/?v=2.6.3 http://www.gobend.com/Blog/2009/01/15/its-not-over-yet/#comment-31 Admin Mon, 02 Mar 2009 05:38:18 +0000 http://www.gobend.com/Blog/?p=27#comment-31 Buying Bend real estate today is not necessarily a mistake if you are buying at the right price and taking a long term position. If you are looking to flip out of a house in 6-12 months, then yes I would agree, it would likely be far too great of a risk at this time. Many home sellers have finally come to realize that in order to sell, they have to be realistic about what price will attract a willing buyer to mitigate any further downside risk in our uncertain market. With prices having delined 30-40% from their peak in 2006, many properties today are priced at well below actual construction costs, even taking the land pricing out of the equation! When you reach this level of decline and price deterioration, that usually will signal that we are getting pretty close to a market bottom. You have to realize that there are still many sellers however, that are indeed overpriced which is why the perception out there is that prices will continue to fall significantly. For those sellers, yes I agree with your comments that potential buyers should beware. This is where the knowledge of a professional realtor is invaluable in helping a buyer navigate through the murky offer process and devise the right strategy for negotiating the most advantageous offer. Buying Bend real estate today is not necessarily a mistake if you are buying at the right price and taking a long term position. If you are looking to flip out of a house in 6-12 months, then yes I would agree, it would likely be far too great of a risk at this time. Many home sellers have finally come to realize that in order to sell, they have to be realistic about what price will attract a willing buyer to mitigate any further downside risk in our uncertain market. With prices having delined 30-40% from their peak in 2006, many properties today are priced at well below actual construction costs, even taking the land pricing out of the equation! When you reach this level of decline and price deterioration, that usually will signal that we are getting pretty close to a market bottom. You have to realize that there are still many sellers however, that are indeed overpriced which is why the perception out there is that prices will continue to fall significantly. For those sellers, yes I agree with your comments that potential buyers should beware. This is where the knowledge of a professional realtor is invaluable in helping a buyer navigate through the murky offer process and devise the right strategy for negotiating the most advantageous offer.

]]> http://www.gobend.com/Blog/2009/01/15/its-not-over-yet/#comment-30 Frank Mon, 02 Mar 2009 04:40:47 +0000 http://www.gobend.com/Blog/?p=27#comment-30 Seems as if this blog has gone stale. I do agree that buying Bend RE now would be a huge mistake. Prices have a long way to fall. The number of Default and Notice of Election to Sells are piling up faster each week. Potential buyer beware. Buying now will cost you! Seems as if this blog has gone stale. I do agree that buying Bend RE now would be a huge mistake. Prices have a long way to fall. The number of Default and Notice of Election to Sells are piling up faster each week. Potential buyer beware. Buying now will cost you!

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