Strong Buyer Demand: Bend Homes Are Selling Above Their List Price

The market’s still crazy for months now. Bend homes in the past few months are sold way above their listing prices and the sellers couldn’t be happier. Buyers’ demands are still ceiling-high, giving the upper hands to the sellers. The buyers of this time are really persistent, especially that it’s the holiday season.

Persistent Buyers And Their Best Offer

According to Zillow’s data report, 37% of Bend homes were sold above their asking price. Homes with list prices between $192,001 and $264,000 are the ones that would likely quick to sell — sold above list in 46.3% of September sales.

With potential buyers feeling the sense of urgency of locking down with low mortgage rates now, they are strong on the lookout for the homes that they like. Once they’ve found the perfect home, these buyers are quick with laying out their best, competitive offer. And because of low housing inventory, buyers are experiencing bidding wars, again. This is a clear indication that transactions are still on the run despite the threats and risks posed by the ongoing pandemic.

Buyers Face Biggest Risks

With today’s competitive market, the two biggest risks that buyers face are: (1) rushing into a home that’s not the best fit and (2) paying more than what they can afford. That is why a lot of them want to see the Bend homes personally if they really could and if not, use or request a virtual or 3D tour of the home to quickly narrow down their options.

This is where the role of a Bend real estate agent is very vital. These agents can give you more information than what you see on the listing because they have more access to the MLS and they are the ones who will guide you through the home buying process and help you understand what makes a winning offer in Bend. Having an agent beside you rather than doing it alone will help you in purchasing your dream home at the best price.

Bottom Line

Listing your Bend home for sale during these times will really benefit you a lot and will sell it quicker than you’ll ever know. With a trusted real estate agent, your home will be well-marketed, thus attracting more potential buyers than having to market it alone on your own.

On the other hand, if you’re a persistent buyer, a Bend real estate agent will also come in handy to assist you in your home search and eventually, helping you win in a bidding war.

With any of your Bend real estate needs, having a real estate agent to count onto is very essential. So, if you’re on the fence of either buying or selling your home, please do not hesitate to contact me at 541-306-3139 today. Let’s start your home buying and selling journey today!