First-Time Homebuyer’s Guide: Steps to Owning a Home in Bend, Oregon

Greg Powell
Apr 27
4 min read

Updated: Apr 28

Purchasing your first home is an exciting milestone, and if you’re looking to settle in Bend, Oregon, you’re in for a treat. Bend offers breathtaking views, a vibrant community, and plenty of outdoor activities. Here’s a step-by-step guide to help first-time homebuyers navigate the process of owning a home in Bend, complete with tips to ensure a smooth journey.

1. Understand Your Finances

Before diving into the housing market, it’s essential to know where you stand financially. This involves:

Checking Your Credit Score: A higher credit score can secure better loan terms. Learn how to check your credit score.
Calculating Your Budget: Use a mortgage calculator to estimate what you can afford, factoring in property taxes, homeowners insurance, and maintenance costs.
Saving for a Down Payment: Aim for at least 5-20% of the home’s price, depending on your loan type.

Pro Tip: Bend’s median home price is higher than the national average. Budget accordingly to find a property that meets your needs without stretching your finances too thin.

2. Get Pre-Approved for a Mortgage

A pre-approval letter from a lender shows sellers you’re a serious buyer and gives you a clear understanding of how much you can borrow. To get pre-approved, you’ll need:

Proof of income (pay stubs, W-2s, or tax returns).
Credit history and score.
Proof of assets (bank statements, investments).

Local Insight: Bend’s competitive market means homes can sell quickly. Having pre-approval in hand can give you an edge over other buyers.

3. Partner with a Local Realtor

An experienced Bend Realtor is invaluable in:

Identifying neighborhoods that fit your lifestyle and budget.
Negotiating offers.
Guiding you through the complex buying process.

Why Choose a Local Expert: Bend’s real estate market is unique, with factors like seasonal trends and zoning laws affecting property values. A local Realtor understands these nuances and can provide tailored advice.

4. Explore Bend’s Neighborhoods

Each neighborhood in Bend has its charm. Some popular options include:

Westside: Known for proximity to breweries, shops, and trails.
Northwest Crossing: A family-friendly area with parks and good schools.
Old Mill District: Offers river views and vibrant entertainment options.

Tip: Spend time exploring different neighborhoods to find one that suits your lifestyle.

5. Begin the Home Search

Once you’ve narrowed down your preferred neighborhoods, it’s time to start viewing homes. Keep these tips in mind:

List Your Priorities: Decide on must-haves versus nice-to-haves.
Stay Open-Minded: Bend’s inventory can be limited, so flexibility is key.
Attend Open Houses: This gives you a chance to see homes up close and ask questions.

6. Make an Offer

When you find your dream home, your Realtor will help you draft a competitive offer. This includes:

The offer price.
Contingencies (e.g., home inspection, financing).
Earnest money deposit.

Pro Tip: In Bend’s hot market, crafting a personal letter to the seller can sometimes make your offer stand out.

7. Conduct a Home Inspection

A home inspection ensures there are no hidden issues with the property. Hire a trusted inspector to assess:

Structural integrity.
Plumbing and electrical systems.
Roof and foundation conditions.

Important: If the inspection reveals major issues, your Realtor can negotiate repairs or a price reduction.

8. Secure Your Financing

Once your offer is accepted, it’s time to finalize your mortgage. Provide any additional documentation your lender needs and review the loan terms carefully.

Note: Lock in your interest rate early to avoid potential rate hikes.

9. Close on Your Home

Closing day is when you’ll officially become a homeowner. Be prepared to:

Review and sign all documents.
Pay closing costs (typically 2-5% of the home’s price).
Receive the keys to your new home!

10. Settle into Your New Home

After moving in, take steps to make your new house feel like home:

Change the locks for security.
Update your address with utilities, banks, and other services.
Explore your new community and connect with neighbors.

Final Thoughts

Buying your first home in Bend, Oregon, is an exciting journey that requires careful planning and the right guidance. With this step-by-step guide, you’ll be well-prepared to navigate the process and secure your dream home.

If you’re ready to take the first step, let’s connect. As a Bend Realtor, I’m here to provide personalized advice and support to make your homebuying experience seamless.