Considering selling or buying this spring? You’re not alone! After a wild ride for real estate in 2020, it’s hard to say exactly what 2021 will look like for home buying and selling. Inventory is still extremely tight, requiring patience on both buying and selling sides. Here are some things to consider before buying and selling in this market.
With very few options on the market at one time here in Central Oregon right now, it can be easy to feel frenzied and perhaps settle because you are wanting something now. This is where a real estate professional comes in, we can learn exactly what you are looking for, and can hep narrow down your options. We can also help you foresee pitfalls and give you very current information, both on availability and on recent sales compared to past.
We do encourage you to see the property and to have inspections. Some sellers are considering offers with terms not entirely focused only on “the money,” and many are choosing not to consider offers from buyers who haven’t actually seen the property. This can be a big challenge!
Similar to being on the buying side, hiring a real estate professional is your best option – you don’t have to, and shouldn’t do it alone. We are the experts in the field and can give counsel on topics you may not have even taken into consideration. Working with licensed real estate professionals often increases your net and can keep you informed of potential risks such as related to disclosure requirements.
Because the market is currently so tight, you may want to consider carefully what the costs may be to get back into the market (if you want to keep a presence in Central Oregon) and you may also want to consult with a tax professional while determining whether to sell. Yes, the prices are very high right now, and multiple bids are driving those prices higher. Not being able to get back in or paying very high taxes on gains may or may fit into your overall plan.
Whether you’re considering buying or selling, contact your local area real estate expert. There is no cost for the consultation, and the time you spend talking about your ultimate goals may save you in dollars and heartaches!
Some Local Sunriver Area Communities-
Caldera Springs – Caldera Springs was launched in 2005 and consists of over 300 acres with future expansion in the planning stages. Currently, there are over 12 acres of man-made lakes that are stocked with trout so owners and guests can try their hands at fishing, canoeing/kayaking, paddle-boarding, or even sailing. Caldera Links is a unique concept in golf. It features a challenging executive golf course designed by Robert E. Cupp who designed the nationally-recognized Crosswater course, is maintained by the Crosswater ground crew, and there are both hard bike/walking paths and soft running/walking paths. Located just south of Sunriver Resort you can easily connect to their trail system. Get together with friends around a fire-pit at The Lakehouse or enjoy food and drinks at Zeppa Bistro. The Quarry features workout facilities, outdoor, hot tubs which are open year-round, and a beautiful disappearing edge pool with water slide. There are also tennis courts, play areas, and a large BBQ pavilion, which are perfect for family reunions or corporate events.
Crosswater – The community of Crosswater offers luxury living estate homes in a spacious 600-acre development located next to Sunriver and Caldera Springs. Crosswater includes a 274-acre golf course with 200 acres of common area. Amenities include fishing, tennis, swimming and three miles of walking/bike trails. The Crosswater Club is a privately owned golf and social club and is a gated community.
Three Rivers South– Sitting between Sunriver proper and 15 minutes from Mt. Bachelor, Three Rivers South has the best of both worlds; it has some of the benefits of Sunriver, but allows space from the hustle & bustle during peak tourist seasons. Three Rivers South includes neighborhoods such as Deschutes River Recreation Homesites (DRRH), River Meadows, and Oregon Water Wonderland. Generally, the resorts are excluded when describing this community.
The Deschutes River bows around the backside of one of the housing developments providing ample summertime water recreation. Branching off the main drive are forest roads that lead to river outlets, mild-to-moderate hiking and snow parks and trails for wintertime snowmobiling and cross-country skiing.
Sunriver– Consisting of 3,300 acres bordered by the Deschutes River and National Forest, Sunriver Resort has over 33 miles of bike trails. It isn’t uncommon to get somewhere within the Resort quicker by bicycle than by getting in the car and driving.
In summer, you can float or fish the Deschutes, ride horses at The Stables, golf on two championship courses, play tennis or pickleball on one of over two dozen courts, go for a swim or a workout at the Sunriver Homeowners Aquatic & Recreation Center (SHARC) or shop and dine at the many unique shops and restaurants at The Village.
In winter you can snowmobile, cross country ski, snowshoe or make the short drive to Mt. Bachelor for some of the West’s best alpine activities and dogsledding. The Resort also offers a way for you and your family to build traditions, through Traditions. The annual events calendar kicked off by The Grand Illumination – an eventful night around the first light of the Resort’s decorative holiday lights. Other events include Bear Factory, Elf Tuck-ins and Breakfast with Santa.
Keep in mind, real estate is local to each of the areas, so be sure to contact a trusted real estate consultant whether considering buying or selling.
Give us a call or email with any questions or concerns you may have, we are always glad to help!
The Jones Group @ Sunriver Realty
Beautiful, lightly treed and gently sloping parcel (1.45 +/- ac.) is just waiting for your creativity. Located just a couple minutes southwest of Sunriver, Caldera Springs and Crosswater, this hard to find sized parcel has plenty of room for a large home and outbuildings. Adjoining an area of beautiful riverfront homes, you can site your new home perfectly for privacy and view. If you’ve been dreaming of designing the perfect high mountain home, this is the place to start. Directions: West on South Century Drive, right on Big River Drive.