Kryste Adams - Bend, Oregon Real Estate

20344 Mahsie Ct.
Bend, OREGON 97702

Price: $199,000
4 Bedrooms, 2 Bathrooms
1848 Square Ft.

Listing # 2809843
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Ready for Purchase, this home features New Siding, New laminate hardwood flooring and new carpet, surround sound system, upgraded lighting, a whole house Security System, Master Bedroom Separation, Dog Run, relaxing back deck looking out toward a beautiful well maintained common area, and plenty of parking for you and your guests. Please call to schedule your showing appointment today! Commons landscape Contractor is available for monthly landscape maintenance if necessary.

Don't miss an opportunity to see this beautiful SE Bend, Oregon, home. Saturday, July 24, 2009, 10:00 am - 1:00 pm.

If you're out and about in Bend, Oregon this weekend stop by and visit me at the Children's Festival.

Saturday, July 19^th from 10am to 4pm is the 2009 Saving Grace Cascade Children's Festival at Drake Park. What a fun event to support a great cause. Enjoy great activities, food, music, dancing and so much more for the children and only $0.50 per activity. I can't think of a better way to spend a Saturday with the family. Not to mention all the proceeds benefit Saving Grace.

I'll be at the Mom's Club of Bend Booth - another great organization in Bend. Stop by and find out more about the support network the club offers both working and stay at home moms. Not to mention the playgroups, family outings and Mom's Night Out. Bring the kids too; we've got a fun art project for them.

For more information about Saving Grace visit www.saving-grace.org

For more information about Mom's Club visit http://www.momsclubofbenor.org

Here it is your First Time Home Buyers Tax Credit Timeline in detail.

I don't know about you but the last thing I'm thinking about on this beautiful 90^o day in Bend, Oregon is my taxes. However, if you are planning on buying your first home and taking advantage of the $8,000 tax credit it's not only time to start thinking - it's time to start planning - it's time to start looking for your new home. The deadline for closing your new home is quickly approaching.

Working Backwards, here's a plan to get you started:

Deadline: December 1^st = Loan Closed on Your First Home

Most banks can typically close a loan in 30 days, however, we expect there to be an influx of loan applications as we near our deadline. Also, let's not forget what occurs the week before December 1^st, a national Holiday....Thanksgiving, of course. Purchasing a house is stressful, the holiday season is stressful not to mention a popular vacation time. In the allotted 30+ days you loan will be processed, underwritten, sent to escrow and approved. Appraisals and Inspections will be ordered, written and delivered. Finally, your loan will be recorded and the keys will be yours.......a lot to be done in 30 days.

Deadline: October 16^th = Signed Sales Agreement in Lenders Hand

So, let us add two weeks to the 30 days - one for the holiday and one as a buffer to reduce the stress of calling your loan officer November 29^th wondering if you'll squeak by in time. Take it from us second time home buyers you don't want to miss out on an $8,000 tax credit. Looking at a calendar we are approximately at October 16^th = 30days to close + 7 days holiday buffer + 7 days stress buffer.

Deadline: October 1^st = Make an Offer on a Bank Owned or Traditional Sale

Yes it's possible to make an offer get an acceptance and move on in a matter of days. For this timeline, we are budgeting 2 weeks. Let's be practical, buyers are making low offers and sellers have hopes of high dollars. Most offers are being negotiated with counteroffers back and forth before a final sales price is settled on. On occasion, the buyer and seller cannot come to agreement and you're back to square one....looking for a house. And, when a really great deal comes along, you may not be the only making on offer on the house and may stand the chance of not having your offer accepted. Yes, this still happens, it happened to me on 3 offers this year!

Deadline: September 1^st = Make an offer on an Oregon Short Sale

In addition to the negotiating mentioned above, a short sale must be accepted by both the owners and their lender. This is a tough one to estimate; I've seen short sales close as fast as traditional sales and those that take months. While looking at homes for a client this morning, I saw a new listing stating there will be a 30-90 day wait period before the bank to responds to an offer. That means up to 3 months to receive an acceptance or a counter offer or a rejection. Ninety days is already Dec 1^st. So if you plan to put in an offer on a short sale, make it happen before September 1^st.

Deadline: August 1^st = Start looking at Houses to Buy in Oregon

If you believe in love at first sight you'll be in your new home in no time. If you want to weigh all your options, check and double check that you're making the right decision before putting in your offer you have one month to do so. Remember time flies. In the beginning of this month you will also, want to choose a realtor, choose a lender and get prequalified.

Deadline: July 16 - Today - Finish Reading this Post and Email your Realtor

If you are reading this then you must be thinking about buying a home. Buying your first home should be a fun and memorable experience not a rush to meet deadlines. Send me an email kadams@fredrealestate.com with your dream home requirements and you'll immediately have a customized report emailed directly to you.

One last note, this First Time Home Buyers Tax Credit Timeline is based on all events running smoothly and on time. Should your home buying process run into any delays, make sure you've alloted extra time. Happy Buying!

There is a lot of information out there regarding the $8,000 tax credit for first-time home buyers, fortunately, I have done the research for you! All in one post we have a short summary of important points, a direct link to the IRS for specific tax details, your IRS tax credit form and some detailed information put together by the National Association of Realtors.

$8,000 Tax Credit Summary

1. Eligibility - must not have owned a home in the previous 3 years.
2. Time Limit - Purchase must be made "Closed" before December 1, 2009.
3. Repayment - Unlike the previous tax credit, the 2009 tax credit does not need to be repaid.
4. Primary Residence - the tax credit is for purchase of primary residences.
5. Closing Costs - Yes the tax credit can be used on closing costs, however, there are limitations.

Make sure to visit the link below. Have more Questions? Give me a call or email, I am happy to answer any of your questions with no obligations.

IRS Website with details regarding the tax credit - this is a good one especially if you're an accountant. Get the info straight from the people creating it - our government. Seriously now, you will find all the specifics of how the credit applies to your specific financial bracket. IRS Tax form - if you are one of the lucky ones taking advantage of the first-time home buyers tax credit you'll need this form when working on your taxes. If you have any additional tax questions beyond where to find this form I suggest a qualified accountant.

Realtor.org Tax Credit Brochure - the next link is your basic FAQ's but if your a details person this brochure is for you. Tax Credit FAQ's - not one for detail and looking for a quick synopsis? Then check out this link to the National Association of Realtors as well. Good information and too the point.

Now that you're up to speed on the $8000 first time home buyer tax credit, it's time to start looking....

Bend Oregon Home Owners - Helpful Links to Help you Avoid Foreclosure

While Google searching for foreclosure resources in Bend, Redmond or anywhere I've come across tons of sites that say they'll help if you sign up for this or that. The last thing you need if you're concerned about the foreclosure process is to be bogged down by un-helpful information.

So, here it is - the links you need. All of the links below are government or national agencies that are here to help you, the home owner. I haven't personally spoken with the folks on the other end of the line so I can't verify the service or of course the outcome, but hopefully it gives you a place to start.

The Department of Housing and Urban Development (HUD)

• Guide to Avoiding Foreclosure. Information includes local counseling services, refinance information,

  

  and details on the foreclosure process.
• HUD Approved Counseling Agencies in Oregon (this link will take you to the list of local agencies in Central Oregon).

Making Home Affordable

• Making Home Affordable is a government program implemented by the Obama administration designed to assist homeowners who have loans backed by Freddie Mac or Fannie Mae refinance their mortgages in order to say in their homes. The website will assist you in determining if you qualify for the program as well.

Freddie Mac

• Avoiding Foreclosure. Includes detailed information on counseling agencies, talking to your lender and basic terms.
• Working with your Lender has a list of questions to ask as well as documents to have available when discussing foreclosure with your bank representative.

Mortgage Bankers Association

• Foreclosure Prevention Resource Center. Information on the foreclosure process and what steps can be taken to avoid foreclosure.
• The Lender Contact page has phone numbers and websites to contact your lender directly regarding difficulty in making payments. The majority of the Big Name banks are listed here. Also, remember to talk with the Loss Mitigation Department not Customer Service.

Internal Revenue Service

• For tax information on home foreclosure and debt cancellation view the IRS website, although, you may need a qualified accountant to help make sense of the details and jargon.

If you're a Bend, Oregon home owner looking to stall the foreclosure process hopefully these links will provide you with the assistance you need.