Buying a Home in Sunriver

So you’re thinking about buying a home in Sunriver. Maybe you’ve been vacationing here for years, and now want to live in the area. Perhaps you have decided to purchase a home to rent out seasonally, or year round. Whatever prompted the decision, you’ve made a good choice.

Sunriver has a lot to offer its residents. The weather is fantastic — Central Oregon has almost year round sunshine. The wildlife is abundant — deer, elk, raccoons, geese and squirrels will share their home with you. If you’re a golfer, you’ll be in golf heaven, with several wonderful golf courses in the area.

History

The first condominiums in Sunriver were built in the late sixties around the same time as the Sunriver Lodge. Today the community includes more than 4,000 privately-owned residences and has population of approximately 1,700, though during peak vacation season it may grow to 20,000 or more.

Location, Location, Location

Sunriver and Three Rivers South is a varied blend of neighborhoods planted amidst the natural beauty of forests, rivers and meadows. The area is bordered by the National Forest, mountains, buttes, parks, rivers and lakes. Less than 20 miles away is the popular city of Bend, Oregon; which has a variety of cultural attractions and outdoor activities.

But, you may choose to spend the majority of your time in beautiful Sunriver, which offers all of the services and amenities of a large community, along with a full service resort.

Village Properties can help you maneuver the single-family homes, condominiums, cabins and cottages in Sunriver, which run the gamut, from under $200,000 to into the seven figures.

Buying a vacation or long term rental

Our real estate experts can also help explain your best options for purchasing a vacation or long-term rental. Buying a home in Sunriver that you intend to be a vacation rental takes more consideration than the price and location of the home. It is important, for instance, to consider how you will manage your home.

As the area’s only full-service property management company, we have a great deal of experience handling single and multi-family units, rural and furnished properties. Once you have purchased, we can assist you with the routine handling of your rental.

Buying a residence

If you are planning on becoming a permanent resident, you should check out the community in the summer when it is most active. Visit in late spring or early fall also; when the streets are less populated, and days are more relaxed.

The off-season is when you can meet friends at one of the local coffee shops or brew pubs and take in small town life, albeit with a sophisticated edge. Contact us here at Village Properties to help you find the home of your dreams.

2017 Market

As we move into the 2017 housing market, there are a few factors that may influence your decision making.

  •      It will continue to be a seller’s market. With housing inventory low, and buyers continuing to enter the market, the demand will keep sellers running the show as long as homes are fairly priced.
  •      The Fed is most likely going to raise rates in 2017, which means home buyers will see higher interest rates on their loans. Buying early in the year is a good idea if you are able.
  •      Long-term rental inventory will continue to be low, which means rents will remain high.


Buying a home in Sunriver is a big decision, whether it is a summer vacation home or a permanent residence, so contact Village Properties today for information and help in your search at 877-859-5346.

 

10 Tips to Navigate Your Central Oregon Home Search

For many in Central Oregon, now is the perfect time to buy real estate. In addition to being a great investment, many people find it makes more sense to buy, rather than rent, with the Central Oregon rental vacancy rate hovering around one percent. If you’re considering buying a Central Oregon home, there are several tips Village Properties at Sunriver suggests to navigate the real estate landscape.

Navigating Your Central Oregon Home Search

  1. Do Your Legal Research – Real estate is local to the area, which means each state and sometimes each county can have different laws regarding real estate transactions. Consult with a real estate broker about the laws in Deschutes County and how they will affect the purchase of a new home.
  2. Get Your Finances in Order – Buying real estate, be it in Central Oregon or elsewhere, is a large investment. If you’re considering buying real estate, be sure to take steps towards getting your finances in order. Hold off on opening new credit cards, changing jobs and carefully watch how you’re spending your money. By showing lenders you have stable finances, you’re more likely to lock down a great mortgage rate.
  3. Interview a Few Lenders Before Diving into the Central Oregon Home Search – Before truly starting the Central Oregon home search, start by talking to several lenders. Comparing companies can help you find a lender you’re comfortable with and solidify your financial backing.
  4. Choose the Right Time to Buy – While times of economic downturn result in a buyer’s market, times of economic growth often benefit sellers. It all comes down to supply and demand.
  5. Do Your Neighborhood Research – No matter where you live in Central Oregon, it’s bound to have advantages that are attractive to your lifestyle. While many communities have similarities, it’s important to do your research. Is it important for you to have land and easy access to nature? If so, maybe Sunriver, La Pine or Sisters would suit your lifestyle. Want to be close to family activities and community culture? Consider Bend’s Northwest Crossing neighborhood.
  6. Choose a Broker You’re Comfortable With – Real estate brokers offer buyers a wealth of knowledge about the local market and can help locate properties within your price range. When it comes to a large investment like real estate, it’s important to feel comfortable with your realtor. Interview several brokers before settling. Don’t feel bad about not going with the first person you talk to, or even the fifth. This decision affects your life, so be sure to choose a realtor you can trust.
  7. Be Realistic – While we all have this vision of the perfect home, it’s important to be realistic in our expectations. Make a list of priorities; your must-haves and the items you can compromise on, and use these criteria to help guide your home search. While your “perfect” home may exist, it just might not be in your price range, which is something to be prepared for. A realtor can help you meet as many of your criteria as possible, but it helps to know ahead of time what items are most important to you.
  8. Trust Your Gut – While it might be nice to get some input from a few trusted friends and family members about your Central Oregon home search, keep in mind that too many differing opinions might leave you feeling a bit overwhelmed. Keep in mind that you’re the one making the final decision and remember that your own opinion is the one that matters.
  9. Insist on a Home Inspection – In a competitive market, most buyers might only walk through a home once and some might even make an offer, sight-unseen. Protect yourself and your investment by having a home inspection done. Find out everything you can about the home before signing on the dotted line.
  10. Have Fun – We know that while a Central Oregon home search can be stressful, there’s great reward in being a homeowner and then the real fun starts. Remember to keep it light. If you follow these tips, you’ll avoid additional stress and be able to navigate the Central Oregon home search like a seasoned veteran.

Are you ready to begin your Central Oregon home search? Village Properties at Sunriver is home to some of Central Oregon’s most trusted real estate brokers. We’re ready and eager to help you navigate the real estate landscape with ease – no matter where you’re searching throughout Central Oregon. While we’re located in Sunriver, we serve all of Central Oregon.