Q:

What are some tips for buying real estate in Coos Bay, Oregon?

A:

Quick Answer

When buying real estate in Coos Bay, consider the preferred neighborhood, priority features of the property, the type of property, the age and condition of the target property, and its resale potential. It is prudent to investigate the property, be prepared to take risks and consult real estate professionals.

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Full Answer

It is important first to settle for the preferred neighborhoods to pick some homes for viewing. Begin the home search with a “wish list” of the preferred features to ensure focus and effectiveness during the search. The list should run from the most important features to the least important. When viewing different houses, it is important to take notes for comparison. A comparison chart helps organize thoughts, keep track of the search and record the impression.

There are different types of homes in Coos Bay that a buyer can choose from. Single-family homes take only one family per lot. Multiple-family homes' occupants are mostly first-time home buyers and have several homes per lot where the buyers can save rental income to assist with the costs. Condominiums give the buyers the ownership of a percentage of the common elements such as roofs, sidewalks and staircases, as well as the space “from the plaster in.” Co-ops allow buyers to lease home units by purchasing shares in a corporation.

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