Negotiating – the offer will include:
- The Amount You are willing to Pay
- Financing Terms
- Any personal property specifically included
- Closing & Occupancy Date
- Other contingencies, including inspections
The offer will be written on an OREF contract form. If the initial offer is not accepted by the seller, further negotiations will occur until both parties come to an agreement.
Earnest Money Deposit – at the time of acceptance of your offer (or at the time negotiated in the agreement), you will be required to make a deposit in the form of a personal check, cashiers check, or wire.
- The amount deposited will be kept in an escrow account with the escrow company.
- This money represents your sincerity in the attempt to purchase and is fully refundable if the offer is not accepted, if your loan is not approved or if some other condition in the contract is not met by the seller.
- The check will be made out to the escrow company and will be credited to you at closing as part of your down payment and/or closing costs.
Title Insurance – The lender and/or Buyer need a preliminary tile report when a property is sold to see what liens and encumbrances are against the property. Items that a preliminary title report show include:
- Easements of Record
- Restrictions, covenants and conditions
- Exact owner of record
- Legal description
When the subject property is final and the title company has recorded the necessary documents, they will issue a policy of title insurance to the new lender and the buyer showing clear title to the property and insuring against all items not on the exception list of the preliminary title report.
Here’s the latest Bend Oregon Real Estate Market activity. Check statistics on Bend real estate for sale and [like_to_read]
sold, Redmond real estate for sale and sold, Sunriver Real Estate for sale and sold, Prineville real estate for sale, and more. Data courtesy of the Bratton Report – July 2012.
Bend Oregon’s Mercato Development Site
The crown jewel of development land in Bend, Oregon. Formerly the location of the Mercato planned development, this 4.31 acre commercial property lies directly between Downtown and the Old Mill district, and very near the banks of the Deschutes River. If you are looking for high profile commercial real estate land, it doesn’t get any better than this. Property is zoned multi-use riverfront and is located in the heart of Bend. Buy and hold or develop a hotel, shopping center, market, or? Own the opportunity to add value to a highly enjoyable and popular destination.
Once the location of an historical wood mill along the banks of the Deschutes River, this commercial land was prepared and ready for development. The sharp and catastrophic real estate downturn in 2009 and 2010 left this site undeveloped. As the area begins to recover, development of this property will leave a lasting impression on the area.
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