How to Be a Competitive Buyer in Today's Bend Housing Market

Springtime in Bend is a season of sunny weather and snowy ski slopes all rolled into one. It sure is a season of hiking, fishing, and barbecue parties. With regards to the real estate market, Spring is the best time to sell a home because of these three things:

• It brings out more buyers
• Buyers want to time their move before the school year starts
• More buyers mean multiple offers

With the aforementioned information, there is really a tight competition among buyers - and if you're one of them, we've listed down the ways on how to be a competitive buyer in today's Bend housing market.

Meet with your lender early

As you search for a home, getting pre-approved for a mortgage is the first important step to take. This step can serve to clarify your total house-hunting budget and the monthly mortgage payment you can afford.

Know your must-haves and nice-to-haves

Knowing and understanding what you want for a home like the neighborhood's location and home features, as well as your target move-in dates, will save you more time in looking for a home to purchase thus will giving you a higher chance of getting that dream home of yours ahead of the other buyers.

Be prepared for a bidding war

Always be prepared to compete with other buyers. The average number of offers a house receives a day is 3.7. In order to competitively beat other offers, you must present your best one. Some others would offer above asking price, but let me tell you, you must first understand the process and be clear on what you can spend on your monthly amortization before doing so.

Don't let your emotions get the best of you

The constant rejection can wear people down, and realtors in many markets are doubling as grief counselors, helping homebuyers recover from their disappointment to pick themselves up and try again.

Buying a home is an emotional roller coaster even under the best conditions; in a difficult market, a long search can take its toll. But understanding the emotional effects of home buying can help you stay in control and avoid letting your feelings cloud your judgment. If you’re able to wait out the market and forestall any rash decisions, you’ll eventually end up with a home you love at a price you can afford.

Bottom Line

If you’re having trouble finding—and winning—your dream home, you’re not alone. So if you're looking for an expert guide to help you navigate today's lightning-fast housing market, connect with me today. I would love to help you in finding your perfect home. To start off, you can subscribe to our off-market listings email to receive a daily notification of the homes before they go into the market, thus keeping you ahead of the game. Please subscribe through this link: https://541homesales.d.pr/ukPM9a.