short sales in central oregon

Bank Owned Home vs Traditional Sale

Traditional sale vs bank owned homes – plus your list of bank owned homes for – La Pine, Three Rivers South and Sunriver as of October 1, 2010

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Short Sale Vs. Bank Owned, REO or REPO

Today Buyers and Sellers alike are hearing these terms more and more which bring more questions than answers most of the time. There are many misunderstandings of what these terms mean and what the process is or can be. The current real estate market is one that even veterans of 40 plus years have never seen before. Let’s explore what these mean here locally and have a glimpse of what they may mean in other areas.

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Yes Sunriver Has a Few Short Sales and Bank Owned Homes

Sunriver Oregon does have a few short sales and bank owned properties. Some buyers have recently told me that other agents have told them that Sunriver has not been affected by this market. To them I say “please tell the truth.”

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The Short Sale and The Buyer

A short sale on the buyer’s end should be thought of as a traditional sale, you have a buyer that is wanting to purchase a home, a seller wanting to sell a home. The only difference at this stage is that the seller can not sell the home at the sales price without the bank’s approval.

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Firewall and Solid Door with Attached Garages

Whether you are selling your home or not – take a moment to take a look at the wall that separates your home and your garage – if there are areas not covered with sheet rock, get it taken care of – check the door and make sure it is a metal door or a solid core door. These two items can save you, your family and your precious belongings.

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