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 – WSJ.com

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

Home for sale

http://online.wsj.com/article/SB10001424127887324123004579057500395585922.html

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 , , , , , , ,

Investing in Rental Property – Worth the risks?

Our monthly newsletter touches on the up-and-coming investment in rental properties. The demand for rental properties in Central Oregon has been booming, leading many people to ask the above question… is investing in rental properties the way to go? Read the article below for a breakdown of the risks, rewards and benefits of owning rental properties.

Investing in Rental Property:
The Risks, Rewards, and Benefits
of Owning Rental Property
All indications suggest that the rental market will continue to improve because of low vacancy rates and rising rents. In fact, the demand for rentals is predicted to far exceed supply through 2015, with some 4.5 million new renters expected to enter the market in the next five years.
One area of the real estate market that is thriving right now is rental property. In the first quarter of this year, landlords and property managers across the country have rented more apartments and homes than they have during the first quarters of the past ten years. The amount that renters are willing to pay has also jumped to a nationwide average of $991 per month.*

Read more at rinehartdempsey.com

 

Posted on July 24, 2011 at 3:16 pm
Dempsey and Phelps | Category: Real Estate | Tagged , , , ,

Refinancing, is it the right time for you?

It just might be the right time for you to consider refinancing your home. If so we can refer lenders that might be the right fit for you. Let us know what you think! We would love to have you as a fan on Facebook!

Refinancing: What You Need to Know
Thanks to all-time-low interest rates, the number of homeowners refinancing their mortgages is at an all-time high. Of course, no one should refinance just because everyone else is doing it. But, for many homeowners, the benefits are simply too good to ignore any longer:
Save money each month. According to the latest figures from Freddie Mac (the country’s largest purchaser of home mortgages), the average homeowner who refinances is able to cut their monthly payment by $108 (or almost $1,300 per year) for a $200,000 loan.
Save even more in the long run. If you currently have a 30-year mortgage, refinancing with a 15 year version can save you thousands of dollars in interest over the life of the loan, plus allow you to build equity in your home faster than ever.

Read more at rinehartdempsey.com

 

Posted on March 2, 2011 at 3:34 pm
Dempsey and Phelps | Category: Real Estate | Tagged , , ,