Bend, OR Real Estate News

By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
"I have seen Mega Camp and Masterminds literally transform agents. From mindset and lead generation to an overall purposeful approach to their business.  It simply needs to be a locked-in part of your year, never to be missed." Todd Butzer Regional Director, North Central Region Agent MastermindsTuesday, April 28 - Wednesday, April 29 Join Gary Keller in an intimate setting to discover what the best in the business are doing to capture more market share and get their current listings sold!:   Short Sales REOs (Bank Owned Properties) Re-sale Homes   Plus, every Agent Masterminds attendee will receive a free DVD featuring short sale expert and MAPS coach Knolly Williams. In 2008, Williams earned over $450,000 in commissions, primarily from short sale listings. Tech MastermindsWednesday, ...
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By Troy Batson, Bend Oregon Real Estate
(The Lowes Group)
With the end of March approaching I wanted to see where we were headed as far as total number of residential home sales.  The numbers are encouraging with 55 homes sold thus far in Bend and 152 pending sales as of today.  The majority of the homes sold are on the lower end of the market, as the $225,000 median home sales price suggests.   The activity in the upper end of the market is slow at best. Scanning the pending sales shows a continuation of this trend.  Foreclosures are making up a healthy percentage of these transactions.  The good news is the foreclosures are moving and the quicker we get rid of them the quicker we will find market stabilization.  If you would like a list of Bend, Oregon foreclosures sent to you follow this link. Although it is doubtful we will get to March 20...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
http://www.youtube.com/watch?v=Csolgnx-moM http://www.youtube.com/watch?v=s1xvAbgzffo http://www.youtube.com/watch?v=qxqrhy6x6nU&feature=related http://www.youtube.com/watch?v=MuUn5WkZoNk&feature=related  http://www.youtube.com/watch?v=2FMPl4DLc4I&feature=related It is a sincere honor to be with a real estate company that provides us...the agents with honest input and productive current information to take our business as far as we want to take it.  Gary is an inspiration and also one to challenge us to always think outside of the box...and to realize that there is no box... and to stand on the shoulders of the industry giants so that we can see futher than we ever imagined. Thank you Gary for all that you and KWRI does for all of us!  Keller Williams Realty is now #3 in the USA and th...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
  We're Not Talking Trailer Trash ... New Trends In Housing  They're not for everybody, and it's not often that the terms "prefabricated home" and "modern architecture" are heard together. But a young architect in Missouri has spent a decade figuring out how to bring low prices to the realm of high design. And Rocio Romero's homes - with their corrugated metal walls, huge windows and strong horizontal lines - are selling despite a dismal housing market. One of her sleek designs about an hour's drive from St. Louis sits in sharp contrast to the neighboring hog barn. Step inside, though, and the grassy rural landscape rolls into a bright, uncluttered interior. All the open space makes the home feel much larger than its 1,200 square feet. The two-bedroom, two-bath model, called the LV, is ...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
Fed Buying > $1Trillion More in Securities!    Fed Announces Huge Increases in MBS & Treasury Purchases      Pumping in $1.15 trillion, over and above $700B planned.   Greetings! Today is Fed Day and we thought it might be a sleeper! Yowza! The Federal Reserve released moments ago an announcement from their FOMC meeting concluded this morning. The full announcement is reprinted at the bottom of this email.  While they are keeping the Fed Funds Target Rate at 0- 0.25%, the real news is that they made a couple of barn-burner announcements.  Today they said the Federal Reserve: will employ all available tools to promote economic recovery will maintain the target range for an extended period will increase the size of the Federal Reserve’s balance sheet will purchase an additional $750 bill...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
    Coach's Corner with Dianna Kokoszka Dear High Achievers,   So many of you are managing to succeed at an extremely high level in this market. You are serving as fabulous role models by demonstrating to your colleagues what is possible. It was you who I thought of you when I read Malcolm Gladwell's new book, Outliers: The Story of Success.    Gladwell defines an "Outlier" as "Something that is situated away from or classes differently from a main or related body; a statistical observation that is markedly different in value from the others of the sample." In the current market, he'd likely describe highly successful real estate professionals as outliers. Read More MAPS Institute's FREE Coaching Call Schedule   SHIFT Coaching with Tony DiCello   Thursday, March 26 at 3 p.m. CDT Agent ...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
No doubt you have heard the weekend hubbub about AIG paying $100+ Million in bonuses to their financial engineers.  When I first saw the NY Times alert on it I was incredulous.  My career has largely been as a financial executive with large multi-national corporations in Silicon Valley.  In that competitive environment, I never saw bonuses paid when corporations were missing targets badly, let alone losing money and I can’t even imagine it with the kind of failure that took place at AIG.  Geithner was apparently right in the thick of the original AIG bailout negotiations and I am not surprised this got overlooked in the rush to put the protection in place – they couldn’t think of everything that would come up in the next 6-12 months.  But I am disappointed that he just blamed the prior...
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By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
Last summer, I started tracking the Sisters real estate market. This year, I've expanded to also track the Tumalo Residential with Acreage market. Granted, tracking Tumalo is an admittedly subjective undertaking since, at least officially, it doesn't exist (it's an unincorporated community). Because its boundaries are up to interpretation, please consider the following statistics a general barometer of the area's real estate activity that includes most, but not necessarily all, of the listings in Tumalo. Noteworthy for Tumalo this month: Once again, although more than one-third of Tumalo Active listings are over $1,000,000, there were no sales (contingent, pending or closed) above $550,000. Meanwhile, the number of available properties continues to surpass demand by a long-shot, with a ...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Join us for a Masterminds Webinar on March 19 Tenant Representation KW Commercial is proud to introduce our monthly Commercial Mastermind Webinar Series were we'll discuss the topics most critical to successfully building a commercial real estate business. These Webinars are open to KW Commercial members and Keller Williams leadership. Time: 11 a.m. - 12:30 p.m. Central Savings Time (CST) Date: Thursday, March 19, 2009 Space is limited, so register now! After registering, you will receive a confirmation email containing information about joining the Webinar. Click here for an Attendee Quick Reference Guide. System Requirements:PC-based attendeesRequired: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista Macintosh®-based attendeesRequired: Mac OS® X 10.4 (Tiger®) or newer Not a member ...
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By Cheri Smith
(Total Property Resources)
The Making Home Affordable plan is part of President Obama's strategy to get the economy and housing market back on track. It is estimated that this plan could help up to 9  million homeowners avoid foreclosure. On March 4, 2009 the Treasury Department released detailed guidelines of the plan. I am summarizing what I think are the key components from the Treasury Department's website. For more information, click on the following links: Making Home Affordable Q&A Making Home Affordable Fact Sheet Making Home Affordable Summary  Eligibility Self Asssessment Tool   The 3 main elements of the plan include: 1. Home Affordable Refinance Program - Under this program eligible borrowers may refinance loans that the GSEs (Fannie & Freddie) own or guarantee, which amounts to about half of all outs...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
I was talking with our in house lender & former NFL player (Robb Thomas) with Cornerstone mortgage group.  Robb is a great guy and was laughing and telling me how he had recently spoken with a commercial broker in our town that said that he heard that Keller Williams is MLM.  Robb and I got a good laugh as we both work in the office and know how absurd that is. The whole truth and nothing but the truth is that Keller Williams® Realty is the 3rd largest real estate company in the USA with 692 market centers and over 73,000 agents.  Keller Williams® treats the agents as partners and paid out $52,627,682 in profit sharing in 2008 alone. Founded in 1985 and continuing a rapid ascent to the top due to the way the agents are treated and rewarded.  Want to know more about Keller Williams realt...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Success Strategies from Jack Canfield   Is Your Life Working? by Jack Canfield Success depends on facing facts. It depends on realizing what's making you achieve success, and then realizing what is stifling your success. Sometimes recognizing the things that aren't working in your life can be painful. You might try to rationalize them, make excuses for them, or hide them. But truly, these things will keep you from the life you want to be living. Do you want to be active and strong? ... Then you have to stop making excuses about your weight and lack of exercise. Do you want to be in a loving relationship based on friendship and respect? ... Then you have to stop rationalizing why your mate is so unsupportive. These things can be painful to look at because the truth is that you have to do...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
Of course we have nothing but big-news weeks anymore, so this week was par for the course.  The Administration put out details and started up the federally guided mortgage modification and extended refinance program that is supposed to help 7 to 9 million home owners. The Dow dropped to 6,600 (is at 6,602 at this minute) and another 651,000 jobs were reported lost in the month putting us over 3,000,000 jobs evaporated in the past 5 months and 4.2 million in the year.  Each of these is monumental on its own and we receive it as just more news. Both of the Home Affordability actions are on the face between banks and borrowers, but we the taxpayers are deeply involved with guarantees and incentives both to the mortgagors (borrowers are “paid” $1,000 per year via principal reductions if the...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
    Web Link        Different By Design At Keller Williams Realty, we like to think we stand out from other real estate firms in many ways, but these areas in particular define Keller Williams Realty as an industry innovator and leader: Culture, Education, Profit Share, and Technology.        Our Culture A lot of companies say they function as a family. At Keller Williams Realty, we truly do and this approach guides us every day in how we conduct our business. We support one another in achieving goals and celebrate the accomplishment of mile        Know More Grow More... Find out how our educational opportunities can expand your earning potential. At the center of our progressive learning-driven culture is Keller Williams University. Our comprehensive curriculum addresses every aspect o...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Week of March 9 - 13, 2009     Agent Top Story Family Reunion 2010 preregistration specials expire tomorrow!   For the first time ever, you can spread your Family Reunion investment over half a year with the six-month payment plan.                                       OR Preregister for Family Reunion 2010 in New Orleans before March 10, 2009 for $449. The price jumps to $499 after tomorrow! >more Leadership Top Story Looking to pique a Commercial recruit's interest? Start by demonstrating how much more money he or she stands to make with KW Commercial.  The division's Website now features an online tool that calculates a side-by-side comparison of commission income at their current company versus KW Commercial. >more The Gift of SHIFT with Rick Geha Rick Geha, mega agent and KWU mast...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
Stability Program Update Good Morning Team! I bet that your get asked questions about all things real estate including mortgage refinance and tax credits.  Here are a couple of good resources to help you be the one with all the answers when asked. Yesterday, the US Department of Treasury rolled out two Home Affordability Programs including the loan modification program and low- to negative-equity refinance program.  There is much information on the loan mod requirements and loan servicers have been told that they can “begin immediately to modify eligible mortgages”.  To see the “white page” guidelines and all of the details see this Treasury Department site (click here.)  An important thing to realize here is that lenders still are to measure and compare the cash flows of either modify...
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By Dave Woodland, Your Bend, OR Friendly, Knowledgable Mortgage Professional
(Signet Mortgage)
Good Morning Team and welcome to March!   Let’s hope that March Madness this year is limited to basketball, or at least, if it relates to the economy it is the good kind of madness.  January and February only brought serious economic madness with the worst two-month start to the Dow ever.  In a normal world, the slide in the Dow would normally bring dollars to bonds in a way that would improve bond prices and rates.  Some of this happened with TBills, but the activity in MBS moved towards slightly worse rates.  Even the T Bill benefit was offset by the large tranches of new issuances from the treasury as they begin to fund the stimulus and deficit spending.  A theory on the MBS sideways move is that bondholders don’t want to get too long ahead of the inevitable stock reversal.  And it l...
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By Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant
(Guild Mortgage Co - Oak Harbor WA)
Do you want to buy a home with just a $100 down payment? HUD allows some of the homes that they have foreclosed to be purchase with an FHA loan with only a $100 down payment. Most HUD owned homes in Oregon, Washington, Idaho and Alaska are eligible for this program. This is a great way for a first time home buyer to get into a home with very little down and take advantage of the $8,000 first time home buyer tax credit too. Here is a list of the current Deschutes County foreclosures, according to the HUD website: DESCHUTES   Case # Property Address Price List Date Bed/Bath Bid Deadline Priority 431-297591 View Map 55934 WOOD DUCK DRBENDDESCHUTES, OR 97707 View Property Details $92,000 BEST OFFER 02/13/2009 3/2 Daily ALL BIDDERS 431-404135 View Map 16285 BLACKTAIL LNBENDDESCHUTES, OR 9770...
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By Keller Williams, Central Oregon Realty
(Keller Williams Central Oregon Realty)
Working with Sellers in a Buyers Market! The Clock is Ticking, Don't Miss Out on this Career Altering Class! Would you like to be able to list more properties, have them sell in a reasonable time period and satisfy both your seller and buyer with the service you provide? Course Outline · Learn the most effective techniques and strategies for creative financing.  · Implement the Seller's Mastery system for getting the home priced right in today's market.  · How to get the property sold and serviced correctly before "they hate you".  · Understand key negotiation strategies between the buyer agent, lender and seller.  · Learn how to best represent your client in a fiduciary manner of trust.  · Develop the best strategy for getting multiple referrals from your clients.  · Learn the key sys...
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By Cheri Smith
(Total Property Resources)
There are currently 1832 homes on the market in Bend. In February 76 homes sold, 171 are pending, and 94 are contingent. Of the 1832 homes for sale, 372 are short sales or foreclosures assuming the listing agent coded the house correctly in the MLS. Since I know that at least one of the sales in February was bank owned and it was not coded that way, I'm sure there are more than 372 distressed properties on the market. The trend continues with the high end market being very slow. Again, there wasn't a single sale over $700,000. There were 4 sales over $500,000 and the winners are: $699,000 - 3249 square foot home in Broken Top built in 2006. It was a short sale. $600,000 -  3113 square foot home in the Fall Creek neighborhood of Broken Top built in 2002. It was bank owned. $550,000 - 270...
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