Update – It’s NOW on The Market!!!

I had the joy of walking one of the most spectacular view properties in La Pine Oregon this week.  A fellow REALTOR^® asked if I would come take a look at his personal property and make sure that he was not thinking emotionally about pricing his property, to put it on the market.

Riverfront and Mountain Views

The Views are amazing, and you would be hard pressed to find a better view on the market today.  Standing on the deck and looking to the southwest you see, Mt. Bachelor, Broken Top and South Sister.  the view is from a small hill looking over the valley in which the Little Deschutes River runs giving you an unobstructed view for miles and miles.

To the northwest you also have Davis Butte and the foot hills of the Cascade Range, every direction there is something incredibly beautiful.

Notice the river in the meadow, yep we walked down to it – and I can tell you, it was a pretty easy walk, even back. Yes, the property is riverfront and the views from there are even more spectacular.

This property is pretty enough for weddings, family gatherings and just a great get away from it all.  I was surprised at the tranquility of the property as it does sit on a main paved road.  However, during the couple hours I was there I seldom even noticed a vehicle go by.

On our walk to the river there were signs of spring deer frequenting the property.  There is a gradual downhill from the home site to the river.  The deck starts at the front door and wraps around the entire west side of the home, making the perfect place to enjoy your evening meal while watching the sunset over the Cascade Mountains and the Little Deschutes River.  Did I mention that on our way to the river there is an awesome gazebo, and a lava rock fire pit with a water feature on the reverse side.

The House

Ok so the house needs some love, it has been the home of a single man who was perfectly happy with the 1980 something carpet, he is not much of a gourmet cook so the kitchen is functional but nothing to write home about.

The master bedroom, it is nice size with a Jacuzzi style tub that has it’s own hot water heater.  Dated but completely function able would  describe the master suite.  The living room, dining area and kitchen take in the views above.

The living room does feature a classic lava rock fireplace in the corner.  Large floor to ceiling windows frame the beauty of the views.

Downstairs which is a daylight basement you will be surprised by the game room that is large enough to be the home for your pool table, and the bar is already built in.  A sliding glass door exits to the meadow and easy access to the entire 2 plus acres of this spectacular river front property with mountain views to dream about.

Price

$439,500  – click here for Details of Mountain Views and River Front Property in La Pine Oregon

 

Search for River Front Property

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 are looking to purchase a home in La Pine or Redmond, you should consider the Neighborhood Stabilization Program!

The Bank Owned Home seems to be coming back into the market just as fall and winter hit. Now might be the best time for you to buy a home!

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.

In short the NSP program can give you the ability to finance about 99% of the purchase price of your new home.  There of course are specific guidelines but for the right buyer this is an awesome opportunity to have about 20% more buying power.

If you can answer yes to following questions calling or emailing for information on the NSP could be beneficial to you!

• Low to Middle Class income
• Verifiable Income
• Willing to Buy a Bank Owned Property
• 1% of the purchase price for a down payment
• About $1500 for costs associated with buying your home
• Be willing to attend a financing class (1 day class)

I you can say yes to each of the above, and are looking to purchase in Redmond Oregon or La Pine Oregon and a bank owned home would work for you – talking to me about an NSP loan program should be the top of your priority list.

Only some agents and some lenders are qualified to work with this program!

The easy overview of this program is (there are more specifics)

• 20% or up to $35,000 can be borrowed for the purchase of your home.
• 0% interest on this portion of the loan
• 0 payment during the life of the loan
• no pre-payment penalty
• when you sell or refinance you do pay the original loan off

This Home is in The La Pine NSP Area and is Bank Owned

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.

Now that spring is here the buyers seem to be more active and the banks are starting to place properties on the market that have been sitting for a while.

A couple of the homes that you will find on these lists have been sitting vacant  for several months.  That does not mean they are a better or worse home, I only point it out so that you will understand that these lists may start growing for the simple fact that the banks are starting to get properties put on the market for sale. The weather is improving although we certainly could use some of our beautiful sunshine.

Bank owned homes can appear to be the best deal on the block, but remember there are other homes that may be a better value.  My job is to know what you need or want in your dream home and help you make that dream a reality.

Each Box Below will take you to a current list of Bank Owned homes in each area.