Home Energy Scores Officially Hit Bend - July 1st!
The Bend Residential Home Energy Score is a program implemented by the City that requires all residential properties to have an energy score as part of the real estate transaction process. A Home Energy Score is a rating that assesses a home’s energy efficiency. Like a miles-per-gallon rating for a vehicle, a home energy score provides information about how efficiently a home uses energy which can inform a buyer’s purchase decision. The proposed Home Energy Score Program would require that homes listed for sale in Bend after July 1st obtain a Home Energy Score prior to listing. This energy scorecard is then shared with prospective buyers. Sellers will be looking at about $225+ for this service before they can go live.
The market is in full swing and numbers show that we have hit our seasonal stride. Buyer demand has filled in and although inventory is getting better, it is still lagging behind what is needed - This in turn keeps our prices high and competition strong. I have personally enjoyed the pace of this year compared to the previous years, as there is a good balance between buyer and seller leverage. Sellers can still get great prices and lower days on market if properly priced and marketed. Buyers have inventory to browse and can often times negotiate better prices and terms to make it a fair sale. This is all part of the game and if done properly, can really make for a great process. It's important to work with a pro to take full advantage of the opportunities that exist in our market place. Give me a call if you need any guidance! - Greg
Mortgage Rates Update
The average 30-year fixed rate for all lenders is 6.95%
 | Why Homeownership Wins in the Long Run Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. |
 | Record numbers of holiday travelers expected this 4th of July It's a popular time to visit Central Oregon. Be prepared for this upcoming holiday week and the crowds that come with it. |
Market Snapshot
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