Real Estate BECOME A

When Is the Best Time to Sell My Home?

Positioning your home when you’re ready vs. when you think the market is ready

Aclient recently contacted me about selling their home. They have lived there several years and are thinking about relocating to be closer to family.

Their question: When is the best time to sell our home? This question is top of mind of every would-be seller right now. While the state of the market is certainly one important aspect of deciding when to list your home, it’s important to remember that it’s not the only consideration.

Here are five reasons that might very well outrank any market considerations to list your home now:

You need the money. You have owned your home for five-plus years and want to tap 100% of the equity.

You’re leaving Central Oregon because of work or to be closer to family.

Your family has grown, and you need more space. Or you may be an empty nester and need to downsize.

You have combined households.

Central Oregon has gotten too big for you. Greener pastures and warmer weather are enticing you.

If any of these factors ring true to your situation, then it’s important to remember that the real estate market is cyclical, just like the stock market. If your lifestyle, pocketbook and future demand a move, then now could very well be the right time for you.

Let’s look at the reality of the market. It’s still a seller’s market. Our values are up. Being realistic about your sales price will allow you to pocket your equity and move on. Inventory is exceedingly low. Less competition is always an advantage. And buyers are getting creative finding new ways to buy—cash, mortgage, seller financing. And we all know that Central Oregon remains a desirable area to live. The buyers will continue to come. If you’ve priced your home based on realistic data adjusted for the change in our lending environment and kept up with the necessary maintenance to make your home shine, these are the factors that will allow you to sell successfully and move on feeling financially savvy with equity in hand.

Bottom line? The best time to sell your home is when you and your home are ready. Mindset, price, location, condition and inventory are all factors to help you make your next move.

HOME PRICE ROUNDUP

Photos and listing info from Central Oregon Multiple Listing Service

MID >>

3664 Ranch Village Dr., Bend $848,000 3 bedrooms, 2 bathrooms. 1,680 square feet; .51 acres lot. Built in 1994 Listed by Rhonda Garrison, RE/MAX Key Properties

<< LOW

20196 Merriewood Lane, Bend $475,000 3 bedrooms, 3 bathrooms. 1,745 square feet; .21 acres lot. Built in 2006 Listed by Angie Mombert & Brent Landels, RE/MAX Key Properties

<< HIGH

2827 NW Polarstar Ave., Bend $1,430,000 5 bedrooms, 4 bathrooms; 3,729 square feet; .35 acres lot. Built in 2001 Listed by Karen Malanga & Kristin Marshall, RE/MAX Key Properties

ADVERTISE IN THE REAL ESTATE SECTION!

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695 SW MILL VIEW WAY SUITE 100 • BEND, OR WWW.ALEVISON.WITHWRE.COM

1116 NW PORTLAND AVE, BEND 97701 • $1,429,000

JUST LISTED

Perfect 3 unit investment property in the heart of everything Bend. Seller is offering a $25,000 credit with a full price offer. Close to downtown, the Deschutes river, grocery shopping, shopping shopping and all of the best Pubs and restaurants that Bend has to offer. Unit 1 is 2 bed 1 bath on the ground level and has been updated throughout the years. Unit 2 upstairs is 2 bed 1 bath and has been beautifully updated. Also has a great porch with amazing city views. Unit 3 is a detached ADU and is a studio with 1 bath. Great rental history on all of the units and you can’t beat the location. Also potential space for adding additional units. Great opportunity to invest in Bend. 64170 PIONEER LOOP, BEND 97701 • $810,000

PRICE REDUCED

Secluded and private, this small acreage property has a park like setting with plenty of mature trees, conveniently located close to Bend and Redmond. This single level 3 bedroom 2 bath, 1622 sqft ranch style home, features open floor plan with vaulted ceilings. A large primary suite featuring numerous windows and vaulted ceilings. The primary bathroom includes dual vanities. An oversized deck looks outs over the property and a detached garage/shop features an insulated 12 ft garage door, with an additional 400 sqft art studio located on the second floor. The property includes 3.72 acres of COID irrigation irrigated by an underground system, a 20,000 gallon cistern, tool shed, chicken coup, and 400 amp service to the property. 1849 SW TURNBERRY PLACE, BEND 97702 • $1,780,000

PRICE REDUCED

This is the family dream home! 4 bedrooms 3.5 bath with a huge open living concept on the main level with the kitchen, family and dining room all flowing together perfectly. Master suite is just off of the family room with access to the large deck with amazing views of the Three Sisters and Mt. Bachelor. Go upstairs for 3 bedrooms and a large loft which is perfect for entertaining. Go downstairs for even more space. Potential for an office or bonus room. Then there is another garage downstairs that has been converted into more of a bonus room, could be used as a garage as well to make it 5 garage spaces. This is a rare find in a perfect location.