Bend Oregon Home Buyer

By Jason Boone

Buying a home in Bend can be an exciting process but it’s important to move past the initial home buying excitement and focus on the actual work involved with buying a home by asking yourself these 8 questions.

Is Your Income Stable?

Lenders will first be reviewing your income before anything else because, they want to have confidence you will be able to make your monthly mortgage payments.

Do You Have A Steady Employment History?

You must have a stable employment history of at least two years with the same company.

What Is Your Debt To Income Ratio?

Your debt-to-income ratio must not be more than 30% of your monthly income.

Have Your Reviewed Your Credit Score?

Before applying for a mortgage loan make sure you pull your credit reports and review your credit score because, it’s important to confirm that the 3 major credit bureaus are reporting accurate information about you and you have a credit score which meets your lenders requirements.

How Much Money Do You Have Saved For Down Payment?

Are you able to put use a down payment of at least 20% of a home’s purchase price? 20% is ideal because, this what most lenders expect from someone who wants to purchase a home.

Is The Home You Want To Buy Worth The Sellers Asking Price?

Once you’ve been pre-approved for a mortgage loan it’s important to ask yourself if the home you want to purchase is worth the seller’s asking price. You can confirm its price by asking your Realtor to do a comparable analysis of other homes which have recently sold in the same area.

How Flexible Is The Seller When It Comes To Their Asking Price?

You should always have your Realtor ask the listing agent how flexible the seller is on their asking price because, they could want to stick to their price and be insulted if you submit a low ball offer.

Do You Know What’s Wrong with the House?

Although a home may look great on the outside it might have problems which you can’t see from the street that’s why it’s important to ask the seller what’s wrong with the home and ultimately have a home inspection done should you decide to submit an offer.

Learn More

To learn more about the questions you should ask before buying a home or to view the latest Bend Oregon Homes for sale contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or email me at