Central Oregon Real Estate

River Meadows – Great Community – Great Home – Great Price

We all know that it is a buyer’s market, just about everywhere in Central Oregon inventory is high, prices are low and now is the time to buy!  River Meadows in no exception!  Finding a great deal in today’s market seems to be the objective of almost every buyer, and who could blame them?  There are great deals to be found!

55782 Lost Rider Loop is located in River Meadows. This home is located just a short distance from the Big Deschutes River.  River Meadows does have paved paths for bikes and walking or running.  The path does follow the Big Deschutes River.

55782 Lost Rider Loop is a 3 bedroom 2 bath home that also features a bonus room.  It is currently priced at $144 a square foot – which when compared to the average of $196 (as of today) a square foot.  The price per square foot is a great way to see the motivation of the seller, but keep in mind this  home has slab granite kitchen counter tops, hardwood, well maintained, has front and back decking, and backs up to a nice green belt.

Check out this slideshow of the property, then call your agent or me to see the property!

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River Front Property on Pringle Falls

Update – 9.24.09 this property is now under contract!!! Congratulations to the smart buyers that saw the value and took the pitch – you will have a home run! 

Central Oregon does not offer many properties where you can hear the river.  When these properties come on the market they generally are at the higher price point for the area.  Today you can own a home at the base of Pringle Falls for $239,900.  This 1532 square foot home is located on Wild River Way in La Pine Oregon. 

With 3 bedrooms, 2 bathrooms and most of the rooms having a view of the river with both fast moving water and slower water.  Great decking both front and back allow for great outdoor living.  Double car garage and covered area for your boat makes this the perfect vacation home or full time residence.

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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.  This means you must own the home by then, not just have your offer in by then.  Closing in Central Oregon is taking 35 to 60 days on average. If you have not found the perfect home, or the loan yet do not panic.

It appears that congress is looking to extend, possibly make some changes and revise this plan.  Remember that being a first time home buyer does not mean you have never owned a home.  It means you have not owned a home in the last 3 years.

Pat & Wayne Harriman are REALTORS® in Wallingford, Ct, they too have been watching this closely and found the following;

HR 2801, The Home Ownership Moves the Economy (HOME) Act of 2009 would extend the availability of the credit through 2010, expand it to include all home buyers, not just first timers, and would also remove the income restrictions of the current credit. Currently, the buyers must not make more than $75,000 if single or $150,000 for couples filing jointly, and there is a reduction in the credit for buyers with incomes up to $95,000 and $170,000, respectively.

Many of you may ask if the first time homebuyer tax credit is going to extend should I wait?  My answer to you is NO – we have no idea what will come to be all of this is speculation. If you wait because of what might happen you may loose the credit completely or your loan may no longer be available.

Some of the changes being talked about would change this from a first time home buyer’s tax credit to a home buyer’s tax credit. Those of you looking to upgrade, downsize or buy a recreational home you may find waiting to be to your benefit, although the income restrictions will most likely bump you out of qualifying for this credit.

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Privacy – Feels New - $199,900

Many of the buyers looking to purchase in the Central Oregon are are looking for the privacy they do not have in the city.  Many times a home on an acre does not have the privacy we search for.  Your search may be over, this La Pine home is currently for sale at $199,900 and is located on 2.31 acres. 

The home sits almost in the middle of the property giving you lots of elbow room – AND – it backs up to BLM giving you even more space behind you.  Although this home was built in 1961 it has been completely redone, from the floors, to the ceilings, plumbing and furnace!  This home shows like it is brand new!

Located within the city limits of La Pine on a well maintained road, close to Burgess and Hwy 97 so a commute to Bend or into the core area of La Pine is very simple. 

Just down the street from the new elementary school – Double sized garage with a single sized door gives you a place to park out of the weather and a work shop area in one building, lots of parking area too.

New decks for outdoor living and all that Central Oregon has to offer.  Come see this beautiful home and make it yours!

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Good News For Gilchrist

I remember when Gilchrist was known to us locals as Brown Town.  The entire town was once owned by the Gilchrist Timber Company and painted the same brown that the mill was.  The homes currently there were mostly built in 1938 and 1939 for the mill workers. 

The family owned mill created jobs for the local residents of Central Oregon.  In 1998 the homes of Gilchrist were sold to the residents and investors.  Ending an era of a Mill owned town.  Today, Gilchrist is a quiet small town with great opportunities for the outdoor enthusiast. 

This week the mill now owned by Interfor Pacific has announced that there will be 70 jobs in mid July and possibly 65 more jobs in the near future if business keeps improving.  It is rumored that the mill will be starting production on some specialty items.  In the times we are currently facing adding to your product line may very well give this quiet community the boost it needs.

I personally have fallen in love with this town and the immediate area.  If you are looking for a home or second home near Crescent Lake, Odell Lake or just want to be where you can get away from it all Gilchrist may be the place for you.

Here are just a couple of the homes currently for sale in Gilchrist – click the arrow to see these great homes that back up to miles of timberland, each has been updated and offer a great home for the price.  Now is the time to take a serious look at Gilchrist Real Estate.

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