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Weather: Bend, Redmond and La Pine Oregon home buying, real estate listings, and homes for sale in Deschutes County, OR

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Bend, Redmond and La Pine Weather

The geographical climate for Central Oregon is predominately High Desert. Summer temperatures range from an average high of 85 degrees Fahrenheit to a low of 44 degrees Fahrenheit. Winters average highs are in the 40s to lows in the 20s. Precipitation ranges from 10.5 to 12.04 inches, annually. Every community in Central Oregon has its own variations of temperature and precipitation, relative to its elevation and proximity to the mountains.

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Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Q	What are considered the ideal conditions for a buyer's market?
A	In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices.
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Michael Nichols, REALTORŽ, real estate agent and broker for Bend, Redmond and La Pine Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Michael Nichols
Keller Williams Central Oregon Realty
1340 NW Wall Street
Bend, OR 97701
Office: 541-382-1214
Cell: 541-480-2212
Fax: 541-389-8893
Email: CentralOregonPropertyOnline@NUMBER1EXPERT.com
Michael J. Nichols is a Principal Broker in the state of Oregon. Looking for homes? Search everything the web has to offer, right here! Don't miss my Feature Homes. Need local real estate information? I've summarized much of what is important about the Bend, Redmond, La Pine and all of Central Oregon real estate markets in this site. Need expert advice? No web site, large or small, can take the place of a top Realtor. Not even mine! This site is filled with ways that you can contact me for one-on-one expert help and advice. That's my job. Contact me with confidence! I guarantee your privacy will be respected, and I offer the services on this site for free and without obligation. Why? I want to be YOUR Realtor. As your trusted, professional real estate partner, I will help you find the best home in your area within your price range. Together we will sell your home, for as much as the market will bear, and as quickly as possible. Buying and selling a home is one of the biggest events in your life. As a top Bend, Redmond and Prineville Realtor, I have the experience and track record you are looking for. Please let me help.

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