Central Oregon Real Estate | Thesa Chambers, Broker

Many buyers today are seeking Central Oregon bank owned properties. Buyers believe bank owned properties offer a home at a price lower than other homes on the market. This is not always the case.

Bank owned properties in Central Oregon usually come with their own list of issues. Bank owned properties are sold as is generally. The buyer needs to be very careful, every property should have a home inspection prior to closing but with homes that are bank owned should be inspected even more. Here in Central Oregon there are other issues that a local REALTOR® will be able to advise you of also.

When purchasing a bank owned property the buyer will not receive a Seller’s Property Disclosure, the bank knows nothing about the property. HUD homes do have a property report available, but this should never be used in place of your own home inspection.

Bank owned properties can have hidden issues, with winter quickly approaching these properties have a chance of broken (frozen) pipes and more.

Your list of bank owned properties may hold your dream home, but remember there are other homes in these same price ranges that actually may give you a better home at a better price - give me a call and we can go over what there is to choose from in the area you desire and the price range you qualify for.

La Pine Bank Owned Homes

Three Rivers South Bank Owned Homes

Bend Bank Owned Homes

It seems that the home buyer of today in the Central Oregon Real Estate market wants to see a good value in what they buy and rightfully so.

The market of a year or two ago was driven by the emotional side of buying - everyone just had to have that house. “Money was cheap” times were good and no one thought it would change.

The buyer has more choices today then they have had in over 20 years. Finding a home is not the problem the problem is choosing the right home. That is where an agent that is active in the market can help you. Any real estate broker in Central Oregon can pull up a list of homes under $200,000 - how many of these same agents have been in any of these homes?

Very few of the agents consistently participate in the REALTORS® tour, many of them have other jobs and seldom do they do any previewing of the homes currently on the market. The buyer today is doing their homework and you buyers deserve an agent that knows the market, knows the homes in the market and can tell you about the local issues.

I love to give buyers a clear picture of what they are looking at. Many buyers do not realize that there are actually owner occupied homes that are not in short sale status for less money than Bank Owned Properties. Let me be the one to show you some of these great properties before you get ready to take on all those home repairs.

Buyers the time is great for buying, rates are low you have a ton to choose from….. but you also have a lot to be aware of. Call me for your home buying needs, especially in the Southern Deschutes County area or Northern Klamath County area.

Fred Chamberlin thought it would be fun to tag me with the newest type of me me - Why I love My Real Estate Profession. I do love my job - but have tried to avoid doing this post. Not because I do not want to share why I love my profession but because I have been enjoying sitting back and watching others.

My story is more of how I got here than why I love real estate. I got my start in real estate long before even I realized it. It seems every occupation I have had in my life has led me to be a Full Time Central Oregon REALTOR. I have worked in several fields that all helped mold me into a great REALTOR.

While supporting my children I had a wide range of jobs - not careers but jobs! I worked for a drilling company - this helped me understand, range, townships and sections. I learned the drilling process and a lot about the well industry. Then came insurance, homeowners insurance and the in's outs and pit falls. Some how I stumbled into a law office and a lot of education in law.

In 1994 I decided to come home - back to my roots. Back to La Pine Oregon where I grew up learned right from wrong and felt safe. I did not want to stay in the law field, even though I loved it, the world in a law office is a pretty dismal one most days.

Upon returning to Central Oregon I landed my first real estate related job. Assistant to Rick DeLuca - Rick had a small family business that was the support staff and heart beat to his Real Estate Seminar business. Rick has a large following and is an amazing teacher, person and was one of the most successful real estate brokers I have encountered.

Working for Rick, I helped agents across the Country and a few other Countries. I had the opportunity to talk with and assist agents put Rick's systems into place. The real estate seed had been planted. Life dealt me some strange cards and I had to leave my position with Rick. It was one of the toughest things I ever did, I loved working with Rick and his family.

Next came a few odd jobs including housekeeping in Sunriver. Sunriver is a resort here in Central Oregon, and often times during the busy seasons the vacation rental companies need more help then they can hire. My sister in law was the executive housekeeper for one company and had 4 girls quit during 4th of July week. I took a job with her and worked the summer. Who would have thought it would help me be a better REALTOR, but it did.

Once summer was over it was time to go back to the office setting what was in my blood. Because my supervisor was a relative I thought it would be better to ask the owner of the company to be my contact and reference, so I called him. He was gracious enough to agree with my thoughts on needing a believable reference but wanted to know what type of job I would be applying for. When I told him, he hired me as his assistant. He was and still is the owner of a Real Estate company, a competing Broker, a long term rental company, vacation rental and a couple other ventures. This was the beginning of my Real Estate Career. I started taking the courses to get my real estate license.

Another top broker noticed my work ethic and drive and asked if I would come to work with her. I jumped at the chance to have my hands in the volume of business she did and took the position. For 4 years I helped build her business and wrote hundreds of offers, listings and served as the transaction coordinator and listing coordinator. Eventually all assistants spread their wings and head out into the world of Real Estate on their own, and I too found the time where it was time to serve my own clients.

Today I am a Broker with RE/MAX Sunset Realty and love it! I look back and my entire life has provided me the path to be a great broker. My knowledge of the area, my knowledge of the workings of some of the items that make or break a real estate deal all come from the path that led me here.

I love my profession - I am Your Real Estate Professional in Central Oregon - Feel Free To Call Me Anytime.

I tag the following to tell their stories - Sandra Cummings and Lynda Eisenmann

Now is the time to make sure you add a few minutes to your commute time. Allow more time to stop and watch out for those shady spots.

Central Oregon real estate photos will be changing rapidly - home seller's it is time to take inventory. Put away all those items that snow and cold can ruin. Patio furniture, potted plants and the like - we can still get some great photos of your home in winter - if before it freezes we prepare.

• Clear off your deck
• Clear the walkways
• Cut the weeds so we have a clean slate for the snow to be beautiful

A lot of buyers are excited to see your home with snow on the ground - so instead of groaning - let's celebrate.

Buyers and sellers are both watching the real estate market - we all wish we had a crystal ball to see where the future lays. The best we can do is look at the past - and find the pattern. With the end of September we ended our 3rd quarter of this year.

Because it always takes a little time for all te sales to be entered the 3rd quarter stats lag a little behind. They are now available for all of Central Oregon and to make it easy for you - there is a link at the bottom of this article which provides all the areas and types of listings in Central Oregon.

There are two areas in residential sales that seem to be doing better than others - the first is Sisters Oregon. The second is Three Rivers South - however some of the sales of Caldera Springs does have an impact on this.

Third Quarter Stats for Central Oregon

As we have stated in the past the number of sales, the types of sales and the prices make no sense in the market today. We are seeing for example a manufactured home sell for $230,000 or there abouts and right down the street is a newer, same size frame built home at the same price that does not sell, nor is it even shown. Why? This is a question a lot of us are asking.