Tips on purchasing a bank owned home in Central Oregon, call Thesa Chambers, Broker, ABR, CDPe – RE/MAX Sunset Realty 541-771-7064
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 […]
It has often been said that not all agents are equal. As a buyer or a seller you have the opportunity to work with anyone you choose to. Many times as a seller’s agent I am asked about a commission rate, and although I can be flexible and work with my seller to see what works under each circumstance.
# 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.
Currently there are River view properties as low as $330,000 and a few more slated to come on the market up to $1,000,000. With this buyer’s market now is a great opportunity to purchase a great home on The Big Deschutes River closer to Wickiup Reservoir, Crane Prairie and all the other great waterways of Central Oregon.
There is a lot of information circulating about the First Time Home Buyer Tax Credit of up to $8,000 that is included in the Stimulus Bill, including using it for down payment. First of all, at the present moment in time, it cannot be used for the down payment, even though the Secretary of Housing and Urban Development, Shaun Donovan, said it would be available in a recent speech to the National Association of REALTORS®.
Many of the agents in Central Oregon had no idea what a short sale was or how to successfully market them, not to mention what to do once they had an offer.
Buying a short sale can be a great investment, however, everything depends on the bank’s response to your offer and any other offers. One of the trends I am seeing is listing agents listing a home at a price that is so much lower than everything else on the market it can not help but bring in offers.
A couple of my buyer clients are participating in short sales. They have done their home work, they know it can be a sit and wait just to have to hurry up at the final approval (if it ever comes) approach. One Buyer in particular is buying while living half way across the country – […]
Are you looking at buying one of the many bank owned properties in Central Oregon? La Pine, Three Rivers South, Bend and even Sunriver have homes that are bank owned or listed for less than the seller owes (short sale). The banks have agents on their side of the transaction, you deserve someone on your […]