Today we have two homes in La Pine that are in the NSP area. Remember that the NSP gives you 20% more buying power with no payment or interest until you refinance or sell the property. These homes are the homes available as of 10/28/11 in the area that qualifies for NSP loans. If you […]
La Pine Real Estate and Neighborhood Stabilization Program
The Neighborhood Stabilization Program (NSP) is back for selected areas in both Redmond and La Pine, Oregon. The NSP allows a buyer after going through a specific program a second loan on the purchase of a bank owned home.Thesa Chambers, 541-771-7064
Are Times Changing?
In the last couple weeks we have started to see some interesting things with the real estate markets in Central Oregon. Several times, in the last 2 weeks I have had a buyer ask for information on homes in a specific area, at specific price ranges. The lists are getting much smaller than we have […]
Riverfront Property Searches and Info
Waterfront homes are one of the most sought after properties in Central Oregon. Central Oregon offers many choices of riverfront property. Pricing, style, age and type of home varies as much as the bends of the rivers. Search For Riverfront Properties The Big Deschutes River is navigational by motor boat, it is the widest and […]
FHA Is For More Than The First Time Home Buyer
Did you know that an FHA loan is not just for first time home buyers? It is a myth that FHA home loans are only for the first time home buyer. Today, we are going to take a look at what our friends over at Home Loan Ninja have to say about FHA loans. FHA […]
100% Financing Central Oregon
Did you know you can still obtain 100% financing? Most of Central Oregon falls into the areas allowed for a USDA home loan (with the exception of the City Limits of Bend). Although the funds are not always available it is a choice you should always talk to your lender about.
The Bank Owned Home – Multiple Offers?
Tips on purchasing a bank owned home in Central Oregon, call Thesa Chambers, Broker, ABR, CDPe – RE/MAX Sunset Realty 541-771-7064
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.
First Time Home Buyers Credit is it Extending?
Many home buyers are scrambling to find the perfect home and close escrow before the November 30, 2009 deadline. The current First Time Home Buyers Credit is slated to end on November 30, 2009.