About Medford's East Medford

One of the biggest problems in the Short Sale market is buyer loyalty. So many buyers write on a short sale but continue to look for homes. Once they find something else...they terminate their purchase agreement on the short sale. This creates huge problems for both the distressed home owner as well as the listing Realtor.

If your lender happens to be Bank Of America, a new buyer means you have to start the process all over. Wells Fargo customers are under strict time frames for getting documents back and closing so if the buyer walks...and there isn't a back up offer to send the bank the file is kicked out of the system and must be restarted once a new buyer comes to the table. This creates huge head aches for the seller and listing Realtor...not to mention extreme risk to the seller if the property is getting close to the foreclosure sale date.

The easiest solution to this huge problem is this...require the buyer to put down earnest money instead of using a promissory note. Also insist that the earnest money be non-refundable for 90 days so if the buyer walks...they walk away from $1000. This will ensure that your buyer is serious enough about the property that they are willing to wait. This will keep buyers from walking and get the property sold with much less problems.

To learn more about short sales, please go to our website www.ShortSaleAuthority.net to receive a free copy of our book "Home Owner's Guide to Real Estate Short Sales."

Medford Oregon Short Sale Approved!

Medford Oregon Short Sale Approved & Closed!

Amount owed: Aprox. $250,000

Sold For: $164,900

Hardship: Loss of income.

The seller had a decrease in income to the their renter moving out & hours cut back at work and trying to start a new business.

If you know someone in the Rogue Valley, Jackson or Josephine County, Southern Oregon area who may have experienced a loss of income and may be facing foreclosure, please have them give me a call or send me an email.

Call or email Jared Hokanson at 541-772-SOLD (7653) or jared@topsouthernoregonagent.com if you want your home SOLD in Southern Oregon - Ashland, Phoenix, Talent, Medford, Central Point, White City, Eagle Point, Gold Hill, & Grants Pass.

The opinions expressed on this blog are my own. As in all real estate transactions and financial decisions, I recommend that all of my clients consult the appropriate legal and financial professional advisors.

Gorgeous Home Near The Country Club!
Type: Single Family Home
Location: 63 South Foothill Road, Medford, OR 97504
Bedrooms: 3, Bathrooms: 2 full, 0 half, 0 three-quarter bath
Price: $325,000
Description:

For the buyer who is looking for a quality built, custom home that is move-in ready... THIS IS IT! This 3 bedroom home with an office and den, has been recently updated with a beautiful hardwood entry, and new carpet and paint throughout. Updated Kitchen with goumet Jenair range, large living room with inviting fireplace and a spacious master suite with a new, luxurious master bath. Not to mention the rare 3-car garage and workshop! What more could you ask for?

Listing Agent and Office: Jared Hokanson, Re/Max Platinum.

Visit www.TopSouthernOregonAgent.com for more information.

Contact Information:
Jared Hokanson
RE/MAX Platinum
2594 East Barnett, Suite B
Medford, OR 97504
Phone: 541-772-7653
Fax: 541-734-5559
Email: Jared@TopSouthernOregonAgent.com



63 South Foothill Road (google map) (yahoo map)

Excellent East Medford Location!
Type: Single Family Home
Location: 3075 Century Way, Medford, OR 97504
Bedrooms: 3, Bathrooms: 2 full, 0 half, 0 three-quarter bath
Price: $199,900
Description:

Open House Saturday from 1 pm until 4 pm. Not a short sale or foreclosure! Excellent East Medford location!! Close to country paths or downtown shopping in a 10 minute drive. Hoover/Hedrick School area - home is just minutes to RVMC! Fresh exterior and interior paint with relaxing colors throughout. New high-efficiency windows and new roof summer 2009. Glass top range with convection oven is less than 1 year old! Family room has a fireplace with insert. New automatic sprinklers. Other upgrades include new gas water heater 2007, new toilets in last three years, digital thermostat, and range area is plumbed for gas if conversion to gas range is desired.

Visit www.TopSouthernOregonAgent.com for more information.

Contact Information:
Jared Hokanson
RE/MAX Platinum
2594 East Barnett, Suite B
Medford, OR 97504
Phone: 541-772-7653
Fax: 541-734-5559
Email: Jared@TopSouthernOregonAgent.com



3075 Century Way (google map) (yahoo map)

East Medford Short Sales & Foreclosures

If you live in East Medford and have been thinking about selling a home, or have thought about buying a home in East Medford, foreclosures and short sales are a playing a key roll in what type of value your home will sell for, or how much you will spend on your new home.
To give you a feel for what the East Medford home market is looking like as of the past 3 months ending April 30, 2010, 54.1% of the homes that sold that were "normal" sales, while the East Medford foreclosures and short sales made up 45.9% of homes that sold. As you look at the difference in values between the "normal" sales and the "distressed" sales like foreclosures and short sales, its important to know what each of these means to you.
A "normal" sale is one where the seller has equity in their home and is not in a situation where if they don't sell the home will be taken from them by their creditors. Oftentimes after an inspection has been done by a professional inspector, if their are any needed repairs, they can be negotiated with the seller to make the needed repairs.
A short sale is often called a "pre-foreclosure" as well, which means that the person selling their home is asking their lender that loan them the money to "short" the amount that they are owed, or take less than the amount owed, in order to not have the property be taken by the bank in a foreclosure. These are usually sold in as is condition with no repairs being made by the sellers.
A foreclosure in Southern Oregon is when a homeowner did not make their payments for an extended period of time, often times the home will have some deferred maintenance as they did not have money to keep the house maintenance up. These are usually sold in as is condition.
If you are thinking about buying or selling a home in East Medford be sure and consult with a local real estate professional that knows what is happening in todays market and knows how to help you adapt to the market to best take advantage of it.