Repairs Every New Homebuyer Should Make

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Moving can be time consuming… well “life” consuming.  The last thing you need to be worried about is remembering what to check/repair in your new home.  Here’s a great list of reminders to help you down the road:

content_MovingMove-In Week

  • Make it a point to turn on all of your major appliances and let them run for a complete cycle, especially if your home is newly built to look for leaks.
  • Be sure to read your warranty — don’t wait until an emergency to start familiarizing yourself with your legal rights and responsibilities.

45 Days Later

  • Change the filter on your HVAC system, and vacuum out the air intake vents. Capturing dirt and dust with the right filter can go a long way toward reducing dust.

Six Months Later

  • During summer months, keep an eye out for invasive animals like squirrels, birds and wasps. These pests look for loose soffits and buckled siding as a way to get into your home.
  • Twice a year in the summer and fall, inspect the exterior of your house to make sure rainwater is draining properly.
  • Landscaping should be negatively graded away from the house.
  • Each winter, check to make sure that your pipes are properly insulated against freezing.

Every Year

  • Inspect your roof or have a professional roofer conduct an inspection. Look for missing shingles, gaps in the flashing around chimneys and other hazards. Indoors, check your ceiling for water spots.

Every Two Years

  • Have a professional HVAC contractor inspect your furnace, air conditioner and hot water heater.
  • Inspect exterior paint and touch up as needed.

Posted on October 16, 2013 at 4:18 pm
Dempsey and Phelps | Category: Bend Homes, Buying a Home, Home Sales, Real Estate, Second Homes, Vacation Homes | Tagged , , , , , , , , , , , , , , , ,

The Price of Real-Estate Experience: About $25,000 –

Interesting article… Does it pay to have a more experienced agent?

Home for sale

Posted on October 2, 2013 at 11:44 am
Dempsey and Phelps | Category: Bend Homes, Buying a Home, Home Sales, Real Estate | Tagged , , , , , , , , , , , , , , , , ,

Sales Prices On the RISE!

Check out this latest news! According to the Bratton report this month, median sales prices have increased approximately 4% annually since 1997 until now. Despite the ups and downs in the market over the past few years, the average median sales price has continued to rise. We are now looking at a healthy and growing market!

Median Sales Prices

Posted on August 13, 2013 at 2:15 pm
Dempsey and Phelps | Category: Home Sales, Local News, Real Estate | Tagged , , , , , , ,

Windermere Foundation


The Windermere Real Estate Sign

The Windermere Real Estate Sign (Photo credit: Windermere Southern California)

Windermere’s commitment to serving our communities goes beyond providing the best in real estate services. Since 1989, through our Windermere Foundation, we’ve also reached out to help address the challenges faced by homeless and low-income families.

Windermere agents, owners and staff organize Foundation fundraisers and give through payroll deduction. Contributions are also made by salaried employees and managers, as well as by the public.

We are excited to share with you that the Windermere Foundation has received $521,000 in donations this year; this represents a 16 percent increase from this time last year!  Thanks to our generous agents, brokers, staff, and owners, along with public donations, many low-income families have received the support they need to stay in their homes and meet their childrens’s most basic needs.

This year, on June 15th, Windermere Central Oregon Real Estate participated in our annual Community Service Day. The Bend and Redmond offices were closed to volunteer time. Bend employees painted the Bend Community Center and Redmond employees held a garage sale to benefit the Family Access Network.

Posted on July 20, 2012 at 11:33 am
Dempsey and Phelps | Category: Real Estate | Tagged , , , , , ,

Home Prices Up


The National Association of REALTORS said that of the 146 Metro cities surveyed, home prices rose in 74 of them in the first quarter of 2012. This is up from 29 cities that saw an increase in home prices in the fourth quarter of 2011. In addition, the National Association of REALTORS stated that inventories for existing homes fell 22% since this time last year and are down 41% since the peak in mid-2007 (see our previous blog post for more information on local home inventories). Obviously, the housing market has a long way to go, but this report was a nice step in the right direction.

Posted on May 21, 2012 at 12:55 pm
Dempsey and Phelps | Category: Buying a Home, Home Sales, Real Estate | Tagged , , , , ,

Consider This, Before You Buy

This is the best time to buy a home in recent history.  Homes valued at 1/3 of what they were a few years ago and all time low interest rates have created a big opportunity.  But before you buy be sure it is the right time for you.  These ten tips are worth considering before you purchase.

If you can’t stay put, don’t buy

If you can’t commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner.

Check your credit report, with a fine tooth comb

Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. Before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any discrepancies you discover.

Purchase within your budget

The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you’ll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford.

If you can’t put down the usual 20 percent, you may still qualify for a loan

There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a down payment as small as 3 percent of the purchase price.

A good school district does make a difference

When it comes time to sell, you’ll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values. So even if you don’t have your own children, this is a factor to greatly consider.

Get professional help

Even though the internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. The team of Rinehart, Dempsey & Phelps have your interests at heart and can help you with strategies during the entire house hunting/bidding/purchasing process.

Choose carefully between points and rate

When picking a mortgage, you usually have the option of paying additional points — a portion of the interest that you pay at closing — in exchange for a lower interest rate. If you stay in the house for a long time — say three to five years or more — it’s usually a better deal to take the points. The lower interest rate will save you more in the long run.

Get pre-approved before you start looking

Getting pre-approved will you save yourself the grief of looking at houses you can’t afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.

Do your homework before bidding

Your opening bid should be based on the sales trend of similar homes in the neighborhood. So before making it, consider sales of similar homes in the last three months. If homes have recently sold at 5 percent less than the asking price, you should make a bid that’s about eight to 10 percent lower than what the seller is asking.

A home inspection is a must

Sure, your lender will require a home appraisal anyway. But t

hat’s just the bank’s way of determining whether the house is worth the price you’ve agreed to pay. Separately, you should hire your own home inspector, preferably an engineer with experience in doing home surveys in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.

Posted on April 5, 2012 at 7:19 am
Dempsey and Phelps | Category: Buying a Home, Home Sales, Local News, Real Estate, Second Homes, Uncategorized | Tagged , , , , , , , ,

The 15 Best Housing Markets For The Next Five Years-Bend is Number 1!

Well, we have been at the top and the bottom several times. It would be nice if we could have a gradual comeback, 2-4% per year appreciation like in the old days (prior to 2004). It certainly is a good time to buy and hold. If you are an investor, rents are up and vacancies are down. Some of our clients this year purchased for their future retirement and are renting until then. It is also a great first time home buyer environment, with low interest rates and a plethora of loan programs. Let us know if we can help and don’t miss the ride.

Amplify’d from
Annualized growth from 2011 – 2016:

Home prices in Bend are 45.2% off their peak in Q1 2007, which could make it good time to invest. Bend’s median family income is close to the national average of $61,600, but unemployment is high at 12.6%.



Posted on December 12, 2011 at 10:03 am
Dempsey and Phelps | Category: Real Estate | Tagged , , , ,

Is Now the Right Time for You to Buy?


Image by james.thompson via Flickr

Food for thought for those of you who are weighing the option of buying.  We’ve said again and again how the interest rates are at an incredible low right now, but there are other things to consider before taking the “leap”.

How stable is your employment? Has your company been experiencing lay-offs or are they hiring? Do you have at least an 8-month emergency fund in case you get laid off or become too sick to work? If not, things could quickly spiral out of control.

Real estate can be a way to build long-term wealth. Your home can be one of your largest assets. These do not happen overnight, however. Are you planning on remaining in your new home for at least 3 to 5 years? It will take at least that long for you to break even financially when you sell.

Having a place of your own can be priceless. Just be sure you are truly ready to buy before entering the market.

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Posted on August 29, 2011 at 7:43 am
Dempsey and Phelps | Category: Buying a Home, Real Estate, Uncategorized | Tagged , , , ,

Lifestyle vs Location

Drake Park in early Autumn.

Image via Wikipedia

When selling a home, the thought was always “location, location, location’. As the market changes so has the focus- lifestyle options are now a priority for buyers and how the surrounding community can affect their decision to buy or not to buy.
Often sellers focus predominantly on their home and the upgrades and amenities. While those features are very important, remember that practically any home can be remodeled. If you’re in an excellent location with easy freeway access, on a low traffic street in a friendly neighborhood, surrounded by retail stores and hot dining spots, it’s time to play it up. Those features aren’t always easy to find.

Of course, here in Bend it’s a quick drive to so many amazing things it’s no wonder we see Bend listed as the 2nd best housing market for the next 5 years!

Posted on August 10, 2011 at 7:48 am
Dempsey and Phelps | Category: Home Sales, Local News, Real Estate, Second Homes, Uncategorized, Vacation Homes | Tagged , , , ,

Best Housing Markets – How does Bend, Oregon rate?

With interest rates at historic lows and home prices headed down as well, now is the BEST time to buy in Bend!

The Best Housing Markets For The Next 5 Years

#2 Bend, Oregon

The time to buy in Bend is now. The market is projected to trough in Q3 before several years of accelerating growth. Home prices are down over 42% from peak.


Posted on July 22, 2011 at 11:00 am
Dempsey and Phelps | Category: Real Estate | Tagged , , , ,