Under $150,000 La Pine

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 seen in the last couple years.

In La Pine you will find that homes under $150,000 are much harder to find than they have been recent past. Many of the homes in this price range are wonderful homes, a few are short sales. What seems to be absent is the bank owned home.

It makes me think, that the banks are holding on to more listings than before. The good news is that for the seller that wants to sell and can do so for under $150,000 in the La Pine area now might be the opportune time.

Many of the REALTORS in La Pine are reporting the same type of activity and observing the same situation.

Seller’s for the La Pine area – if you own a home, owe less than $130,000 now might be the time to sell and walk away with a little cash in your pocket.

Many times throughout the last couple years I receive requests to provide listings or show bank owned homes.  We have a lot of them in Central Oregon and in the past most of the Bank Owned Homes were priced well below a traditional sale.  Today we are seeing some changes in that pricing.

Every area of Central Oregon, offers a few awesome bank owned homes but they also offer some great buys in a traditional sale.  So, what is the difference you might ask, below is a list of things you can expect with a purchase of a bank owned home and a traditional sale.

Bank Owned Home

• No guarantee how long a home has set vacant – in our extreme temperatures this can be an issue.
• No repairs – other than major safety or code violations
• No  history of the home to know how something may work
• Occasional delays because the asset manager (person over seeing the transaction) has multiple files.
• Title and escrow is generally handled with an out of area company
• Often times past due water and sewer accounts are not checked.

The Traditional Sale

• Home has been typically lived in or at least taken care of
• Sellers are more inclined to do repairs to sell the home than a bank will
• Sellers are generally willing to share how the systems of the home work, like winterizing the sprinkler systems and such.
• Sellers are more motivated to get documents signed and keep the contract moving forward
• Title and Escrow is handled in the area of the home, where the title company is familiar with the local associations, districts and so on giving you better protection.
• Water, sewer and other expenses are generally current, or are brought current at time of closing.

Great prices are available in both the bank owned listings and the re-sale listings – if you would like to be notified of listings that fit your price, or other needs I would be happy to set you up with an automatic email for listings that fit your specific needs.

La Pine Bank Owned Homes

Three Rivers South Bank Owned Homes

Sunriver Bank Owned Homes

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!

Wild River on Big Deschutes

Many of us dream of living on the river and in Central Oregon River Front Property is very popular.  There are very few areas along the Big Deschutes River you can actually hear the river and Wild River is one of the best places to find a home and occasionally a lot on the river at Pringle Falls.

The sounds of the Deschutes River can be heard throughout most of the neighborhood.  The CC&Rs are strong enough to keep property values and appearances of properties higher than other areas.

Wild River is located out Burgess Road and encompasses both the east and west side of the river.  Many of the homes have great views of the rapids and many others back National Forest.

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.  To see all the properties available in Wild River click below – make sure you let me know you are interested in Wild River.

After all of those that live and play in Central Oregon complaining about the lack of spring and more of what I have termed to be SPINTER (the combination of spring and winter) it is time to address what can be one of the scariest issues we face living in Central Oregon.

Fire!

Forest Fires happen and sometimes we have no control over them, lighting, campfires and arsonist seem to be our biggest causes, not in any particular order.
With the temperatures warming the brush drying out and growing being careful in the woods is a must.  Should a fire approach your neighborhood and you are evacuated there is always the tough decision of what to take.

The family photos, important papers and so on.  But I have created a quick list that you can plan ahead of time that will make your evacuation a little less stress full.  We find that keeping a tote near our safe makes this easy.  On top of the tote is a list of items that need to be added in case of evacuation.
•    A  Collar & Leash for the dog
•    A copy of the dog’s vaccinations
•    A copy of divers licenses, birth certificates and passport (copies in case you forget your wallet)
•    Home owners and car insurance policy and contact info.
•    Enough pet food for a day or two
•    A couple bottles of water
•    Non-perishable food (crackers and canned cheese kind of stuff)
•    Camera
•    House hold inventory (although I keep ours on line along with some of the other docs)
•    Copies of keys to vehicles so if you are in a hurry and can’t find them they are there
•    Address book or phone numbers of loved ones
•    Flashlight and batteries
•    Headache medicine
•    A pair of socks and under ware for everyone
•    Some cheap tooth brushes and tooth paste
•    A battery operated radio

photo by  Sam Beebe / Ecotrust