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- Green-Building Basics: Understanding the Various Certifications
- Ode to De-cluttering: Ringing in the New Year Right
- Highlights of the Latest Broker Tour in Sisters
- Tumalo, Oregon Real Estate Market Report for December 2011
- Sisters, Oregon Real Estate Market Report for December 2011
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- Sisters, Oregon Real Estate Market Report for November 2011
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Category Archives: Homeowner Tips
Daylight Saving Time: A Great Time to Prepare Your Home for Winter
This Sunday (Nov. 6) marks the end of Daylight Saving Time. If you’re feeling especially enterprising, you could use that extra 60 minutes to do a few simple things around the house to ensure that your surroundings are better prepared to survive the winter. Continue reading
Foreclosure Prevention Workshops Scheduled at NeighborImpact
NeighborImpact, the private nonprofit organization dedicated to serving economically challenged Central Oregonians, offers a Foreclosure Prevention Workshop once every three weeks.
The workshops are designed to address the educational needs of residents who are unable to make their mortgage payments or anticipate having trouble making their payments in the future. Continue reading
Taking Stock of the new Habitat ReStore in Sisters, OR
Earlier this year, the Habitat for Humanity Restore in downtown Sisters moved from its spot on Elm Street to a new location (254 W. Adams) with a bit more room to grow. I recently stopped by to check out the new digs and do a little shopping for myself. Continue reading
New Incentives for Fannie Mae HomePath Property Buyers
Fannie Mae has resurrected a buyer-incentive program that provides financial assistance to purchasers of Fannie Mae-owned HomePath properties.
On eligible properties, Fannie Me is offering to pay the buyer’s closing costs (up to 3.5 percent of the sales price). However, the program applies only to primary residences. Continue reading
Posted in For Buyers, Homeowner Tips, Real Estate News, Uncategorized
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Renovation Resource: Houzz.com
Are you thinking about doing a little reno work on your home? If so, check out Houzz.com, Continue reading
Posted in For Buyers, For Sellers, Homeowner Tips, Real Estate News, Uncategorized
Tagged home sellers, Homeowner Tips
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Oregon Home Seller Alert: Carbon Monoxide Detectors Now Required by Law
Beginning April 1, sellers of one- and two-family dwellings, manufactured dwellings or multifamily housing units in Oregon that have a carbon monoxide source will be required by law to have one or more properly functioning carbon monoxide alarms installed before conveying title or transferring possession of a dwelling. Continue reading
Survey says…Don’t just assume those property boundaries are accurate
A parcel of land in the Northwest Quarter of the Southwest Quarter of the Northwest Quarter (NW¼,SW¼, NW¼) of Section Twelve (12) Township Sixteen (16) South, Range Eleven (11) East of the Willamette Meridian, Deschutes County, Oregon, more particularly described as follows: Beginning at the north Quarter corner to said Section Twelve, the true point of beginning; thence, South 0°03’06” East, 1321.00 feet along the North-South Mid-Section line; thence North 89°48’25”, West, 495.00 feet; thence North 0°03’06” West, 1321.19 feet to the North line of Section Twelve….
The Land Survey: A Homebuyers Best FriendIf you’ve ever tried to read a legal description (like the one above), your eyes probably glazed over before you made it halfway through. I know mine do. That doesn’t mean I don’t appreciate the importance of a land survey. In fact, I think it’s probably one of the most overlooked aspects of home-buying.
The tendency for buyers is to do one of two things — especially if they’re buying a home in a subdivision that’s been platted with similarly (if not identically) sized lots: (1.) assume that the established boundaries are accurate; or (2.) ask their real estate agent to point out the boundaries for them.
Neither of these is a particularly wise move. Just refer to the above-mentioned land description: Is it something that an interested party somewhere along the line –- a homeowner, a contractor, a fence-builder, a landscaper –- might have misinterpreted when making improvements to the property? You bet. Is this formula something a novice can calculate on the fly? Not bloody likely. And since I’m not remotely qualified to survey a property, I’m not going to venture a guess based on a stake or two that may or may not be a product of a survey.
But I am curious about the surveying process and would love to better understand it. So I attended a class yesterday in Bend given by local expert Scott Freshwaters. A surveyor for Deschutes County for 30 years before retiring in 2008, Freshwaters has owned his own Sunriver-based surveying business (Freshwaters Surveying, Inc., (541)420-1822 or (541) 593-1792) since 1987. He’s also a member of the Professional Land Surveyors Of Oregon.
Here are a few interesting bits of surveying trivia that Freshwaters shared during his hour-long class:
* There are several references to land surveying in the Bible.
* Three of the four presidents featured on Mount Rushmore were land surveyors (Washington, Jefferson and Lincoln).
* The country’s official “point of beginning” was established in 1785, on the north side of the Ohio River, on the border separating Ohio and Pennsylvania.
Aside from the fascinating history, what really stuck with me about Freshwaters’ class were several local examples of surveys he has done. These cautionary tales sent shivers down my spine and serve as a stark reminder of how important it is that a homeowner knows the boundaries of his property before he owns it:
Consider the case of the Awbrey Butte homeowner who hired Freshwaters to do a topographical survey because he was planning some extensive hillside landscaping. In the process, he learned that his property line actually went through his living room. (The man was lucky enough to negotiate a lot-line adjustment, at some expense, with his neighbor, who legally could have required him to remove the offending rooms.)
Then there’s the La Pine neighborhood that was developed so haphazardly, it will probably never get straightened out. Apparently, whoever built the fences years ago weren’t all that concerned with following the actual property lines –- fence lines throughout the neighborhood are many, many feet off the mark. His recommendation: Don’t buy there.
And then there’s the rural subdivision east of Bend that has two very different plat plans of the same parcel of land. (Tip: When in doubt, make sure you use the survey that has been recorded with the county clerk. Many times, a plat plan is filed with the surveyor’s office; but only documents recorded with the county clerk are authoritative.
I also learned about a very useful tool I wasn’t aware of: The Deschutes County Survey Research Application. Similar to the county’s DIAL and LAVA property research platforms, it provides a wealth of survey-related information to those who have at least a general understanding of how to read and interpret survey info. Continue reading
FHA Extends its Waiver of the Anti-Flipping Rule
Thanks to mortgage consultant Mitch Wilcox for the following update:
The Federal Housing Administration has extended FHA’s temporary waiver of the agency’s “anti-flipping” rule.’ As a result, lenders will continue to allow the waiver for the 30 Year Fixed FHA program.
With certain exceptions, FHA regulations prohibit insuring a mortgage on a home owned by the seller for less than 90 days. Early last year, FHA temporarily waived this regulation through Jan. 31, 2011.
Earlier this week, FHA posted a notice extending the waiver through the remainder of 2011. This action will permit buyers to continue to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties or properties resold through private sales. It will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.
The extension is effective through Dec. 31, unless otherwise extended or withdrawn by FHA. All other terms of the waiver will remain the same. The waiver contains strict conditions and guidelines to assure that predatory practices are not allowed.
To protect FHA borrowers against predatory practices of “flipping” (where properties are quickly resold at inflated prices to unsuspecting borrowers), this waiver continues to be limited to those sales meeting the following general conditions:
* All transactions must be arms-length (no family-to-family sales, for example), with no identity of interest between the buyer and seller or other parties participating in the sale.
* In cases where the sales price of the property is 20 percent or more above the seller’s acquisition cost, a property inspection report is required.
* In cases where the sales price of the property is 50 percent or more above the seller’s acquisition cost, a property inspection report and second appraisal is required.
The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program. Continue reading
Posted in For Buyers, For Sellers, Homeowner Tips, REO Info
Tagged central oregon news, Financing, Homeowner Tips
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Should You Rely on the Zillow Zestimate in Central Oregon?
Last week, several major media outlets (including the Los Angeles Times and the Christian Science Monitor) jumped on the “news” that –- according to Zillow –- the White House has lost nearly one-quarter of its value during the past three years.
Nobody bothered to question how Zillow came up with that number. Frankly, nobody cares how Zillow came up with that number. The info made for a very slick sound bite and, not surprisingly, lots of media types bit. In today’s hyper-speed, media-soaked society, we’re all about the bottom line –- please, spare me the details and just get to the point, already (I’m busy, don’t you know?). So Zillow reported its new number, and nobody questioned it — although a few folks did at least point out the absurdity in quantifying the numerical worth of the White House.
That’s the main problem I have with Zillow and the folks who swear by its increasingly popular “Zestimate.” Although even Zillow acknowledges that the Zestimate is “a starting point in determining a home’s value,” that isn’t how it’s being used by most folks. It’s become gospel –- the commonly accepted equivalent of an appraisal, even though, in many cases, a property’s Zestimate doesn’t even accurately approximate fair market value.
It’s All About the Data
Take Central Oregon, for example. My hometown and the area surrounding it aren’t particularly Zillow-friendly. The tri-county region (Deschutes, Crook and Jefferson counties) is primarily rural, which makes life difficult when it comes to calculating the Zestimate.
Here’s one reason our Zestimates are often off base: Much of Zillow’s information is pulled from county records. So, as Zillow states, “The more data we have, the more accurate the Zestimate.”
To its credit, Zillow actually rates its own accuracy –- assigning each locale from one to four stars and then detailing in chart form how close to the sales price their Zestimates prove to be. Below is one of several charts available; it shows how accurate the Zestimate is in a number of major metropolitan areas. And it’s not bad in some locales, but not so great in others. Actually, even in Philadelphia, the city where Zillow considers itself the most accurate, the Zestimate was within 5 percent of the home’s sales price only 33 percent of the time. Continue reading
All My Things: Handy online tool for homeowners to track personal inventory
Now that we’re in the throes of the Christmas holidays — with all the requisite gift-giving and coming and going that the season entails — it’s a good time to mention a nifty online tool that’s available to homeowners. It’s … Continue reading


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