Large corner lot with fully fenced backyard, beautifully landscaped and well maintained home in a quiet established neighborhood. Great open concept living, is awaiting its next owner. Beautiful natural southern light and a cozy gas fireplace. Welcome home!
Listed by Shaleana Stout for West + Main Homes. Please contact Shaleana for current pricing + availability.
This desirable neighborhood features a swimming pool & hot tub, tennis courts, clubhouse, walking paths, private Deschutes River access path and RV/Boat storage. Situated on a spacious .43 acre corner lot, this lovely property showcases indoor/outdoor living with the warm and welcoming slate-floored sunroom looking out at the large rear paver patio. Vaulted ceilings in all bedrooms and bonus room. Relaxing living room with gas fireplace and sunroom access. Remodeled contemporary primary bathroom with soaking tub and walk-in tiled shower. Newer carpet, Fir interior doors, remodeled half-bath, and exterior paint (‘21). Enjoy the oasis of Sunrise Village combined with the convenience and proximity to town, schools, trails, river, and quick Century Drive access when heading to Mt Bachelor, snow-parks and the Cascade Lakes.
Listed by Tara + Kyle Wieche for West + Main Homes. Please contact Tara + Kyle for current pricing + availability.
In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price.
In today’s real estate market, buyers shouldn’t shop for a home with the same expectations.
Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), the average home that’s sold today:
Receives 4.8 offers
Sells in just 17 days
Homes selling quickly and receiving multiple offers shows how competitive the housing market is for buyers right now. This is because there are more buyers on the market than homes for sale. When the number of homes available can’t keep up with demand, homes often sell for more than the asking price.
Market conditions should help guide your decisions throughout the process. Today, the asking price of a home is often the floor of the negotiation rather than the ceiling. Knowing this is important when it’s time to submit an offer, but you should also use that information as you’re searching for homes too. After all, you don’t want to fall in love with a home that ultimately sells for a price higher than what you’ve budgeted for.
The Mortgage Reports has advice if you’re looking to purchase a home in a competitive market. The article encourages you to be realistic with your housing search, saying:
“The best thing to do is set your budget and expectations ahead of time so you know how much you can afford to offer — and when to walk away. This will make negotiations a lot easier.”
Of course, when you’ve found your dream home, you’ll want to do everything you can to submit your best offer up front and win a potential bidding war. Knowing the current market is key to crafting a winning offer. That’s where working with an expert real estate advisor becomes critical.
A real estate professional will draw from their experience and expert-level knowledge of today’s housing market throughout the process. They’ll also balance conditions in your area to make sure your offer stands out above the rest.
Understanding how to approach the asking price of a home and what’s happening in today’s real estate market are critical for buyers. Partner with a real estate advisor to create a winning plan for you.
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
You may have heard of the one-in, one-out rule, which instructs minimalists and clutter-resisters to donate or toss one item for every new thing they bring into their home. The idea is that, theoretically, you’ll never become overrun with stuff because you’ll never have more than you have right now.
I don’t know about you, but I can never remember to do this! I’ll try harder because I think it’s a great strategy, but these days, I declutter when I can’t stand an overstuffed, disorganized space even one more second. But I’d love to switch from an approach that’s more like putting out clutter fires to one that prevents the “fire” in the first place.
This weekend, just prior to a likely influx of new things over the course of the next month, we’re going to do an exercise that does just that.
You may have a good idea of what kinds of gifts friends and family will send to your household for the holidays. In anticipation of them, focus your attention on the areas of your home or the categories of items that you think may fill up.
Here are some examples:
Toys. If you have young children, you may experience an influx of toys. Before this happens, go through your existing toys. Involve your kids if you can, explaining beforehand what you are going to do together and why. Point out that they can send off the toys they’ve outgrown to other children who will love and play with them.
Clothing. Maybe you open a matching set of Christmas PJs on Christmas Eve. Go through and donate any pajamas and loungewear that are outgrown or no longer used. Or maybe you and your sibling(s) gift each other a nice, cozy sweater every winter. Sort through your collection and pass along anything you don’t reach for any more.
Kitchenware. If you love to cook and bake, your loved ones know this and no doubt support you (and enjoy the fruits of your labor!). You may be receiving new cookware, bakeware, and cooking tools. To prepare, and to avoid overcrowded drawers and cupboards, thin out your current collection to the “best, favorite, and necessary.”
Books. Gifting books is a favorite way for bibliophiles to spread their love of reading with one another. If you expect your library to grow this season, consider culling your current book collection. It might feel like sacrilege, but remember that for the extraordinary to shine, you have to edit out the just-okays. Rather than maintaining a watered-down assemblage that includes books you would never reread or recommend, take this opportunity to transform your library into a set of tomes that express who you are.
Remember: This is about improvement, not perfection. Each week you can either choose to work on the assignment we’ve sent you or tackle another project you’ve been meaning to get to. It’s also completely okay to skip a weekend if you’re busy or not feeling the assignment.
Get more tips like this on Apartment Therapy.
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
Well, not exactly! After you sell your house, you certainly should celebrate, but you have more things to think about, from tax prep to buying your next house. In “House Selling for Dummies,” authors Eric Tyson and Ray Brown lay out things you can do to save money and increase your peace of mind, post-sale.
You’re going to need to do something with any proceeds you have left from the sale. Plus there are tax implications to consider, and if you haven’t already, you need to think about where you’re going to live long term.
1. Keep copies of all paperwork related to the closing and settlement after you sell your house
Although it might be tempting to shred the paperwork or put it in storage, you’ll want to have it handy for April 15. When you file your taxes, you’ll need documentation for the expenses and proceeds of the sale. And after you file your return, you’ll want to keep the paperwork in case you’re audited.
2. Keep proof of improvements and prior purchases
This is for tax purposes, too. The IRS allows you to add the cost of improvements to your home’s cost basis during the time you own the home, which is nice if you have a sizable capital gain. But to use this tax provision, you need to keep receipts for everything you spent on home improvement.
Because tax laws constantly change, you’ll want to keep current to avoid losing money. For example, a recent law allows you to exclude from tax a significant portion of the profits from the sale of your primary residence.
If you sell and then don’t immediately buy, you’ll need a safe place to put your money. A money market mutual fund offers safety, a reasonable rate of return, daily access to your money and check-writing privileges.
5. Choose your next home carefully
Scope out a variety of areas and housing options that meet your family’s needs.
6. Don’t feel pressured to buy
Take your time purchasing your next home; rent for awhile if you’d like extra time or want to try an area out first before buying. “Keep in mind that you have two years to defer tax on your house-sale profits,” Tyson and Brown point out.
7. Reevaluate your personal finances
If your situation changes before you buy another house – you get a promotion, have a baby, go through a divorce – you’ll need to rethink your finances and how much you can afford to pay for your new house.
8. Think about what you need from an agent to help you buy
Carefully consider whether the agent who helped sell your house can meet your needs when you’re buying. Buying and selling require different skills. And, if you’re moving to a new area, you may want someone familiar with the area.
9. Think through your next down payment
Brown and Tyson recommend putting at least 20 percent down on your next house in order to qualify for the best mortgage programs. If you can afford more than 20 percent, consider whether it’s better to put that money in the down payment or to invest the money elsewhere.
“Younger home buyers willing to take on more investment risk should lean toward a 20-percent down payment, whereas older home buyers, who tend to invest less aggressively, should opt for larger down payments,” the pair recommends.
10. Remember to send change-of-address notices
The U.S. Postal Service recommends you complete your change of address 30 days before you move.
Get more like this on Realtor.com
Related Links
If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.
