3rd Quarter Stats for Central Oregon
Buyers and sellers are both watching the real estate market - we all wish we had a crystal ball to see where the future lays. The best we can do is look at the past - and find the pattern. With the end of September we ended our 3rd quarter of this year. Because it always takes a little time for all te sales to be entered the 3rd quarter stats lag a little behind. They are now available for all of Central Oregon and to make it easy for you - there is a link at the bottom of this article which provides all the areas and types of listings in Central Oregon. There are two areas in residential sales that seem to be doing better than others - the first is Sisters Oregon. The second is Three Rivers South - however some of the sales of Caldera Springs does have an impact on this. Third Quarter Stats for Central Oregon As we have stated in the past the number of sales, the types of sales and the prices make no sense in the market today. We are seeing for example a manufactured home sell for $230,000 or there abouts and right down the street is a newer, same size frame built home at the same price that does not sell, nor is it even shown. Why? This is a question a lot of us are asking.
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Trout Fishing Secrets Revealed - How to Catch A Trout Everytime: When Spinner Fishing Your Favorite Stream Or River! Trout Fishing Secrets. - garth brooks ringtone… t792t… Redneck Rangers To preserve a simple, down to earth lifestyle that is not meaningful to anyone but ourselves. Understanding that friendship […]
Property Disclosures and What They Don’t Say
Property Disclosures in Oregon are often the source of contention and fact finding missions. When a seller lists their property for sale they are required to complete a 4 page disclosure statement (really only 2.5 pages of questions) that asks all kinds of questions. Buyers are provided this disclosure during the escrow period and sometimes prior to escrow. By law a buyer has 5 business days to review and withdraw from the contract if they disapprove of the disclosure. Each question has a series of boxes for the seller to check. The choices they have are yes, no, unknown and on some of them n/a. Many Central Oregon Sellers are absentee owners, those of second homes, vacation properties or investment rentals. When these sellers complete the property disclosure they often times know nothing about some of the questions. A couple examples are; Has this home ever been used as a drug manufacturing or distribution place. Since a seller does not want to say no and have the buyers find out from the neighbors that the past tenants were selling from the property they will often say unknown. What does this do to the buyer? It raises a big red flag - they generally assume that unknown on this question is a real yes. Central Oregon does not have an easy website to verify this information - and very few of the homes - in fact last I checked only 1 in La Pine had been “condemned” due to manufacturing. (that home has been torn down and a new home sits on the property now) Another question that is often confusing and causes red flags concerns underground tanks - almost every disclosure in La Pine should say yes there are underground tanks - however they are septic tanks not oil tanks and you should differentiate this. If the box is marked yes the Seller should mark what type of tanks are on the property. My message here is two fold - Sellers please answer these questions accurately and to the best of your knowledge - if you do not know the answer - maybe you should do a little checking instead of giving the buyer a reason to doubt you. Buyers when you receive this document please read it carefully, ask your agent questions - research those that you have issues with and let your agent be of assistance.
Don’t Throw That TV Away - RECYCLE IT
Oregon is known to be a pretty green state both in scenery and environmental attitudes. Starting in February many televisions will require a converter box to work. The newest trend of HD television is already causing an uproar. If you purchase a new television because of the new regulations coming in February I encourage you to recycle your old set. Instead of throwing it away and having it end up in the landfill and letting it get crushed, give it to someone - use it in a media room for movies or games. When we throw them away and they are crushed they release harmful toxins into the ground that over time can get into the ground water. Oregon is trying to be one step ahead - because much of our state depends on ground water for domestic water supplies we have to be careful of what we put in the ground. Everything we put in the ground can end up in our water. Starting in January every county in Oregon will have a drop site for electronics such as televisions, computers, computer monitors and all those other things that we upgrade all too often now days. Watch for info in your area about where you can drop off your old electronic devices free of charge. You can read more from Z21
Central Oregon and Phoenix / Mesa Connection -Travel Just Got Easier
Starting October 24 travel between Central Oregon and the Phoenix / Mesa Arizona area just got easier and less expensive. Allegiant Airlines will be starting service with prices as low as $89 each way. Flights will be limited to Friday and Mondays to start if successful more flights will be added. Central Oregon is full of “snowbirds” that travel to the Phoenix / Mesa area every winter. I am sure there are many from Arizona that find Central Oregon a great place to spend summer. Now it is easier than and more affordable than driving this distance. I would expect to see buyers in both areas seeking second homes. Since Central Oregon and Arizona both are known to be great locations for second home buyers. With airfares like this and easy travel, now may be the time to search for your home away from home. If you are looking for a home in Central Oregon I would be happy to help you. Central Oregon offers almost any kind of home you could imagine. Prices of homes are as varried as the styles of homes. Click here for a complete search of the Central Oregon Homes For Sale. If you need assistance in the Arizona area I have a great REALTOR® referral for you, her name is Teri Ellis - she is the expert for the Phoenix / Mesa area.
The other 100% purchase loan, VA loan for veterans
To all the Vets out there this is good news for you… be sure you check this out before accepting any loan product - this is written by a VET and an Oregon Lender - check him out Via Fred Chamberlin - Eugene/Springfield’s #1 Experienced FHA Mortgage Consultant:There is quite a bit of concern regarding the elimination of the Down Payment Assistance programs and almost all other 100% purchase programs, so I want to spend a bit of time highlighting another 100% loan program. To my mind, this is the best 100% loan program, the VA loan. VA’s Home Loan Program is for veterans and active duty military personnel and certain members of the reserves and National Guard. VA’s program provides an excellent product and benefit for those individuals who have served or are serving to protect our families and our nation, as well as giving them a form of financing that will allow real estate professionals to sell more homes. To be eligible, a veteran must only have served 90 days of more of active duty. If you are unfamiliar with the program, there are several advantages to using VA’s Home Loan Program not the least is that it allows a veteran who qualifies income and credit-wise to purchase a primary residence without putting money down towards the sales price, as long as the sales price does not exceed the appraised value. Veterans do, however, need money towards closing costs and the earnest money deposit. Closing costs may be paid by the seller however, making it possible to get into a home with no money out of pocket as the earnest money can be refunded at closing. Here are some special items of interest about VA Loans: VA does not have a maximum loan amount. However, lenders do sell loans on the secondary mortgage market, so they will generally limit loans to $417,000 ($625,500 in Hawaii, Guam, Alaska and U.S. Virgin Islands) with no down payment. With a down payment, loans may exceed these amounts. There is also an increase in normal VA limits until Jan. 1, 2009. The veteran does have to qualify income and credit wise. (* see note below) The veteran does have to occupy the home as their primary residence. The veteran does not have to be a first time home buyer and may reuse his/her benefit. (subsequent usage could mean higher funding fee) The lender, not VA, sets the interest rate and discount points, so they may vary from lender to lender. There is no private mortgage insurance, but VA does charge an up front VA funding fee, which may be financed. The exception to this is that if a veteran is in receipt of VA service connect disability payments each month, he or she does not have to pay a VA funding fee. The seller can pay for closing costs. There is a requirement that seller concessions do not exceed 4%, but only certain items are considered as part of the concession; i.e., payment of pre-paids, VA funding fee, payoff of credit balances or judgments on behalf of the veteran, funds for temporary buydowns (not discount points). The veteran is not allowed to pay for the wood destroying insect (termite) report; it is generally paid by the seller. The veteran is also not allowed to pay the processing, underwriting or tax service fees, nor are they allowed to pay part of the escrow closing fee. These are normally paid for by the seller. VA does not approve the majority of loans. The majority of transactions are handled directly by the lender with little VA intervention. Please note: the above seal does not mean My company is endorsed by the Department of Veterans Affairs, it just provides a link to their website. We are, however, VA approved to originate VA loans. VA also required the following on any purchase agreement: “It is expressly agreed that, notwithstanding any other provisions of this contract, the purchaser shall not incur any penalty by forfeiture of earnest money or otherwise of be obligated to complete the purchase of the property described herein, if the contract purchase price or cost exceeds the reasonable value of the property established by the Department of Veterans Affairs. The purchaser shall, however, have the privilege and option of proceeding with the consummation of this contract without regard to the amount of the reasonable value established by the Department of Veterans Affairs.” I am a veteran myself and am available to help my comrades-in-arms. I will always strive to make the closing as easy and as painless as possible. I also will work with each client to make sure the amount you are planning to pay at closing is the amount you pay. I have a VA loan myself and cannot say how much I believe in the program. I highly recommend that anyone contemplating purchasing a home (VA, FHA or conventional) be pre-approved for that loan. This is easy enough to get done, give me a call to schedule an appointment. Normally, we can also take care of getting your VA eligibility certificate for you. * Please note that VA uses two methods for qualification purposes. The primary method of evaluating a veteran’s income is the residual income method. Under this method, the underwriter determines that a veteran has sufficient income to cover day-to-day living expenses after paying housing expenses, taxes, and other debts such as car payments and credit card payments. This is very important, a loan can be approved by the automated underwriting system but if the residual income is insufficient, it could later be denied. VA also uses a debt-to-income ratio method like many programs. However, VA uses only one ratio which is the ratio of total debt (both housing and other debt) to income.
La Pine Home For Sale $214,868 - More Than You Would Expect
50858 Deer Forest, La Pine 50858 Deer Forest, La Pine, OR 97739 View Map Ready to become the home you always dreamed about this beautiful 3 bedroom home is located just outside of La Pine. On a quiet dead end road with a full acre - great room is spacious yet cozy. Stamped concrete patio and walkway. Lots of cupboard space in the kitchen with an additional pantry. Tons of storage in this home including a walk in closet in the master, huge closet in laundry room. Call for your appointment to see this hidden gem today. Details Asking Price: $214,868 MLS: 2810169 Sq. Feet: 1686 Lot Size: 1 AC Bedrooms: 3 Bathrooms: 2 # of Floors: 1 Garage Size: 2 Subdivision: Deer Forest Acres Year Built: 2004 Contact InfoThesa Chambers & Amy Campbell Broker, ABR Main 541-536-0117 Cell 541-771-7064 Dir 541-480-8565 Email | Website
Short Sale Information For La Pine Oregon
Many buyers seem to be searching the Internet for short sales and bank owned properties. The proof is in the sales and the stats of my website. This week I have seen 28 visitors land on my website from google using the search term “short sales la pine oregon”. Since this seems to be info that is difficult at best to obtain on your own I have compiled a list of properties for you. The MLS of Central Oregonis taking steps to make it easier to differentiate these listings but not all of the listings have been categorized. This list is as complete as I could make it with the info that is available to a Broker. There are 39 homes currently on the market that are listed as short sales or bank owned properties (bank owned properties are often called REO properties). This list is broken down in price ranges. 27 La Pine Oregon homes in short sale and bank owned properties are between $100,000 and $200,000 5 Lapine Oregon homes in short sale and bank owned properties are between $200,000 and $300,000 2 La Pine OR properties are in short sale and bank owned betwen $300,000 and $400,000 If you are looking for a short sale or bank owned property please visit Central Oregon Real Estate Info for more information on La Pine and the short sale process - knowledge is key in these transactions.
Will My Property Taxes Go Up With This Purchase Price
One of the most common questions an out of state buyer has when purchasing a home in Oregon is; will the taxes go up with this purchase price? Oregon property taxes have little to do with the sales price (unless it is new construction until assessment). In Oregon you will have an assessed value which is much different from your RMV (Real Market Value) - the assessed value can only increase 3% per year. This does not mean your taxes will increase 3% per year - there are other factors in our property tax amount. The better question for a buyer to ask is - what have the voters approved for increases - bonds, budgets and the likes will raise your taxes faster than the assessed value. For more information see - Central Oregon Real Estate.
Pringle Falls Claims 2 Lives - Log Jam To Be Removed
This year Pringle Falls has claimed 2 lives in 2 separate incidents. Both apparent accidents where the boater did not know or understand the dangers ahead. Pringle Falls to many seem like a great white water trip. However, it is a fall - although not high it is a water fall. I am not sure of the distance but it is spread out for a long stretch of the Big Deschutes River. I can remember one of my first boating excursions on the Big Deschutes River coming up to the warning signs and knowing that we had to turn around and go back upstream. The latest casualty brought not only the loss of the canoeist but a dangerous recovery of the boat and body. This fall when Wickiup Dam quits letting so much water out of the reservoir the log jam will be removed. The logs will remain in the river along the sides to create the natural habitat for the fish and other wildlife but it will not go from side to side. This will not make traveling this section of the river any safer, it is hoped that it will make recovery and rescue safer. For more information read Two Drowning Deaths Prompt Log Jam Removal.
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