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Home Buying in Bend : Real Estate Advice

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  • Local Info19
  • Home Buying63
  • Home Selling8
  • Market Conditions13

Activity 46
Sun Apr 7, 2013
Oleta Yancey answered:
There are several ranches around that house caretakers. If you work with horses there are plenty.
0 votes 2 answers Share Flag
Wed Feb 27, 2013
Robert Page answered:
Best thing to do is find a real good agent and have them set you up on an automated searh for OWC properties. Not many out there but persistence will get you what you need.
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Tue Feb 26, 2013
Jack Zika answered:
Well I looked up what is available in Three Rivers and found 9 listings that are available. A couple are just over 100k but they have a garage. If you like I can schedule us to go look at them. ... more
0 votes 6 answers Share Flag
Fri Nov 1, 2013
John Stone answered:
This is a legal question about which you should consult with an Oregon lawyer. If you do not have a lawyer,I suggest that you contact the Oregon State Bar Lawyer Referral Service. See http://www.osbar.org/public/ris/lrsform.html.

This service will give you the name(s) of local attorneys who can counsel you on this matter.
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Thu Jul 5, 2012
Kelly Winch answered:
Good luck. I have run into this issue before. Have your broker check every place the home was manually inputted. It is likely it has pulled the info from an incorrect input and it won't self correct. ... more
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Wed Feb 27, 2013
Thesa Chambers answered:
I am not seeing which home you are talking about. Bend on Trulia, Zillow and many of these sites often encompasses areas that are 15 miles away and higher in elevation. Although your question is a very good one it would depend on what areas you were truly asking about.

There is an area that is called Bend, that we refer to as Three Rivers South - this area will be colder in the winter, have more snow and warmer in the summer than, let's say Drake Park in the City of Bend.

In general the Central Oregon area snow levels vary from year to year, we can have between 6 inches and 3 feet of snow any given year and occasionally much more. Since we sit at the foot of the Cascade Mountains how much moisture they take from a storm often determines how much we have here.
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Sun Jan 5, 2014
Tim Moore answered:
Wed Jun 6, 2012
Robert Page answered:
Best way to find a lease option home is to have an agent working for you who can scoure the active listings. Be careful though. Many of these homes are over-priced and not many folks in the field know how to write a proper contract. You should probably have the assistance of a good Real Estate attorney.

Make sure the owner is making his house payments too! Due to the complexities in todays' market I generally advise against lease options.In the long run, you are probably better off saving and working out the obstacles to getting a home loan.
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Tue Apr 24, 2012
Anna M Brocco answered:
The best way is to consult with an attorney who specializes in real estate, for all related paperwork...
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Wed May 9, 2012
Robert Page answered:
Not exactly sure I understand your question but I'll give it a shot. If you are buying with cash you can expect to close easily within 2 weeks. If you are getting a loan, expect anywhere from 30 to 45 days depending on the type of loan and availability of appraisers. These timelines apply to most non-distressed sales and most bank owned properties.

If you are buying a short sale home the time frame can be anywhere from 30 days to 3 months, 6 months or more depending on the sellers lender(s), the seller themselves and a long list of of other variables. Keep in mind, there may be more than one lender, mortgage insurance and/or investors involved. The more entities involved, the more difficult it will be to obtain approval of the short sale. The sellers themselves can be a road block to the sale as well.


Be very careful of short sales, some are great bargains and many just as well not even be on the market. The single most important thing for you to do is to find an experienced honest agent that knows the ropes.
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Tue Apr 24, 2012
Thesa Chambers answered:
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Sun Aug 7, 2011
Scott Godzyk answered:
The auction is teh process teh bank uses to foreclose on the property and either sells to a new bnuyer at auction or takes the property back. once they take it back at an auction, they clear teh title, evict teh occupand and usually clean the house. It is then put on the market for sale. it is known as an REO which is Real Estate Owned or known in ads as bank owned.

http://www.trulia.com/blog/scott_godzyk/2008/08/so_you_want_to_buy_a_for

Please see my blog for tips and advice on buying bank owned properties
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Tue Jun 7, 2011
James Cowan answered:
Dear Tony,

As to your Daughter looking to buy her first home and knowing what a good ratio for her. I would definitely try to keep her payments down to 1/4 of her take home pay. I like this as it works weather you make 20,000 at year or 2,000,000 a year. Even if she is on the low end of the scale there are several stick built home in the Central Oregon and Bend area available for purchase.

As for the rental. A good price to pay will depend on the neighborhood. i.e. Deschutes River Woods you could get a great deal at under $100.00 per sq. ft. as where in bend a great deal could be $60-$70 per sq. ft. There are also several multi-family homes available. There are 17 on the market today with 7 of them under $200,000 remember with multi-family home that means there is more then 1 renter on the property. i.e. duplex, triplex, 4 plex.
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Sun Jul 1, 2012
Robert Page answered:
I highly advise you contact a local builder. Let me know if you want references. By the way, odds are very high you can buy existing for much cheaper than you can build.
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Wed May 9, 2012
Terri Vellios answered:
Oh boy. I say you should contact the agent's broker with this information.

Short sale are tricky and because the agent is representing a family member it can be very sticky situation and the seller's bank don't like those situations.

I do not know your contract details, nor do I know OR laws, so I urge you to contact the listing agents Broker and schedule an appt. to meet.

All the best to you.
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0 votes 9 answers Share Flag
Tue Apr 24, 2012
Marie Souza Team answered:
Hi Greengirl - Dual Agency is "fair & equal treatment" to both parties. If you have a concern about the possible tenancy, bring it up with your agent ASAP. The Marie Souza Team - Top Selling on Cape Cod
Phone: 508-790-2000 Fax: 508-790-4005
info@mariesouzateam.com
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Sun Apr 17, 2011
Fred Glick answered:
The seller can negotiate a rental since he/she still owns the house.

When the house is sold, any leases come with it unless the seller can negotiate with the renter for them to get out.

The short sale and the bank have no bearing.

Good luck,

Fred
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Sun Apr 17, 2011
Jeff Bennett answered:
The short answer to your question is yes the 2nd lien holder can hold up the short sale process. It is totally up to the 2nd position lien holder to determine how much they are willing to take. And yes, if the property is sold at auction the 2nd lien holder will get nothing as long as it is the lien holder in 1st position who is initiating the foreclosure process. Who is the 2nd lien holder? ... more
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Sun Feb 27, 2011
Brandy Underberg answered:
Sun Apr 17, 2011
Robert Page answered:
Depends on a lot of things but very doubtful. Here is a link to a site called market snapshot. This tool will give you an excellent picture of list vs sold prices. You can create as many market snapshots as you wish.
http://www.homeinsight.com/Widget/default.asp?3WQF5GR6LRFE
... more
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