Tips on purchasing a bank owned home in Central Oregon, call Thesa Chambers, Broker, ABR, CDPe – RE/MAX Sunset Realty 541-771-7064
Your Neigbor's List Price May Not Be A Good Comp
Today I received a great email from a reader. They were concerned about the listing price of their neighbors home and thought they may need to short sale because they owed over twice what the neighbors home is currently listed on the MLS for. I know that when you see a home listed ridiculously low […]
How Long Does It Take To Buy A Short Sale
One of the most commonly asked questions about short sales is; How long will it take to buy a short sale? A short sale can and most of the time does take longer to close escrow than a standard sale does. There are several factors that will effect the timing of the time it takes […]
Three Basic Requirements For A Short Sale
Listing your home as a short sale is a very easy task, but when you do make sure your agent knows how to negotiate a short sale. As a CDPE (Certified Distressed Property Expert) I have had additional training in dealing with Short Sales, helping direct you the home owner to loan modification programs, deed in lieu of foreclosure and many options you may not be aware of.
How Are Short Sales Priced?
One of the most confusing things to a buyer on a short sale is the price. A property will be put on the MLS with a great price, the buyer will write an offer and the process begins. The offer is first submitted to the Seller, once the seller and buyer come to an agreed to transaction the offer is submitted to the bank. The bank has the opportunity to accept, reject or sometimes suggest a different price.
Do I Qualify For A Short Sale?
Just because you feel you are upside down in your home does not qualify you for a short sale. I do not know how many times I have been told by a seller their home is not worth what they owe so they are going to walk away or quit making payments, then try and sell (short sale) or let the bank take the house. The sooner you talk with an agent the quicker your stress will go down. Many agents do not let these people know that there are specific guidelines to a smooth and successful short sale.
Home Buyer TAX Credit Extended
Many buyers were anxious to find the perfect home in time to close escrow by November 30, 2009 so that they could take advantage of the $8000 (or 10% which ever was less) tax credit being offered to first time home buyers. I know a few of my buyers worked hard to get approved for […]
La Pine Oregon Bank Owned Homes Sept 2009
Your Bank Owned List for La Pine Oregon this list shows the 13 homes correctly marked as bank owned homes. I am familiar with a few others that are on the market and are owned by banks that are not correctly marked, so they do not appear on the list.
Can't Sell For What You Owe? Short Sale or Foreclosure?
Now that we have all been and seen this market for a little while (ok it feels like forever for some) the questions are coming from buyers and sellers alike about short sales and foreclosures. There have been guidelines written, changed and re-written, we have seen modification promises and a confusing statements that make us […]
The Questions That A Short Sale Bring
# I found a short sale but discovered there are past due bills – who is responsible? Several homes that are bank owned or short sale have past due Home Owner Association dues, water and /or sewer bills and so on. The answer is not as simple as you would think. It depends on how you write your offer and how much research you and or your agent do.