Nestled in the heart of Central Oregon, Redmond (also known as Hub City for its proximity to Bend, Prineville and Madras as well as the Redmond airport) is a vibrant, growing city that offers a perfect balance between natural beauty and modern amenities. Many people consider Redmond to be an annexation of its well known neighbor Bend, but if you were to ask a local, that couldn't be further from the truth. Redmond’s economic development as well as residential growth has become more apparent in the last five years than ever before. The average sales price of a single family home within Redmond city limits–under one acre as of May 3, 2023–was 50% less than Bend. Given the home buying power is 50% greater in an area just a short 20 minute drive down highway 97 from Bend, I’m excited to share my tips and tricks on how you can prepare yourself for an easy transaction in Redmond, whether it be buying or selling.
Before diving into the process, it's crucial to familiarize yourself with the area, looking for neighborhoods you could see yourself living in. A local Harcourts The Garner Group agent can help with this process as well as informing you on local market conditions and inventory levels.
#1 Determining your budget
Whether you will be buying or selling, setting a realistic budget is key. If you are a buyer, evaluating your financial situation and connecting with a local lender will help you to understand what kind of loan programs you qualify for and your realistic budget when it comes time to see properties with your agent.
#2 Hiring an agent
This step is key. Hiring a full time real estate agent with local expertise will make a significant difference in the transaction process. Creating a strong mutual understanding of your wants and needs in a home that fit within your price range as well as understanding your real estate investment goals will ensure a smooth transaction.
#3 House Hunting tips for buyers
Make a list of your preferences:Determine your must-haves and nice-to-haves in a property, including the number of bedrooms, location, amenities, and price
Attend Open Houses and schedule private showings with your agent
Evaluate the neighborhood. Consider factors like proximity to schools, parks, shopping, dining and transportation
Finally, when you do submit an offer, hire a professional home inspector to assess the condition of the property and identify any potential issues associated with the property
#4 Tips for Sellers
Enhance your curb appeal. Keeping the exterior appearance of your home well maintained throughout the duration of its time on the market will make a positive first impression to possible buyers
Stage your home. Depersonalizing and decluttering your home along with bringing in space appropriate furniture and decorations will allow the buyer to better visualize themselves living in your home
Price your property competitively. With the help of your agent, setting a reasonable asking price based on current market conditions ensures for the maximum amount of attention your property will receive
Allow your agent to market your property, Leveraging both online and offline channels ensures the maximum reach
Utilize professional photos, videos, 3D tours as well as open houses with the help of your agent
#5 Negotiating and closing the deal
Once you find your dream home as a buyer or receive offers as a seller, the negotiation process begins. Your real estate agent will guide you through counteroffers, inspection contingencies, and other negotiation aspects. Upon reaching an agreement, both parties will proceed with the closing process, including finalizing financing, conducting title searches and signing necessary paperwork.
Buying or selling a property in Redmond is an exciting and rewarding experience with the right knowledge and guidance. By researching local market conditions, setting a budget, selecting the right agent for you and following the tips provided, you’ll be well prepared to navigate the process successfully. Whether it's the stunning natural beauty or thriving business community, Redmond offers endless possibilities for those looking to make a real estate investment in this charming Central Oregon city.
Will Price
Broker
Harcourts The Garner Group Real Estate
444 SW 6th Street Redmond, OR 97756
(541) 771-0811
will@thegarnergroup.com