Pick of the Week: Darling Ranch on a Quiet Neighborhood Street

I'm positively in love with a charming ranch style home and just have to write about it. It's sweet, TOTALLY remodeled, on a quiet street across from Miller Park and the city's bike and walking path. http://tinyurl.com/yhn7h8c When I say totally remodeled, I mean new roof, new shake siding, new windows, new garage door, new cabinets, appliances, fixtures, lights, carpeting, vinyl, plumbing, electrical. Is there any more? Oh, the landscaping! So if you are serious about downsizing, living small, embracing the new ethic in housing and getting away from it all, this just might be the house for you. I spoke with the listing agent who told me that the owners bought it to remodel and re-sell. They're loan is due and they are VERY motivated to get it sold so I suspect there's still room for negotiation. If this cutie is not quite right, I've got another couple of small clean homes I can tell you about that'll bowl you over. Remember, the $6,000 tax credit for home buyers with existing homes runs out soon, so make your move and pocket a cool bunch of greenbacks. You won't be sorry. www.oregonflorencerealestate.com, www.twitter.com/Florence_OR

What to Look for if Sunshine and Warmth are MUST HAVES

On our first visit to Florence from North Carolina in January 2004, our real estate agent told us that there are people who move to Florence seeking a small coastal town with natural beauty and the ambiance of Old Town. Florence has all that and more. But, he said, some leave after five years, seeking warmer temperatures and more sunshine. Well, Florence has warmth and sunshine too, but to find it in spades, those looking for the perfect home need to be experts about the area's many micro climates. Here's what I mean: most people think they want to live close to the beach, maybe even within walking distance. What could be finer? Well, here's some little known facts to consider about beach area living in Florence. In the summer, the prevailing winds are from the north, and let me tell you, that northern wind is chilly: the air temperature may be a perfect 70 but the northern wind makes it feel as though it's 40. In fact, it's often warmer on the beach in January than it is in July because there's no wind in the winter--I'm talking shirt sleeve warmth. Florence's winter weather is one of our best kept secrets. Here's another little known fact: if you're strolling the beach after noon in the summer, you're likely to get a free facial microdermabrasion because of blowing sand, so you learn to take your stroll at 10:00 a.m. and 5:00 p.m when the wind is calm. And then there's the summer fog: the fog line often hangs a half mile inland and follows the river all the way into Old Town Florence. Sometimes the fog doesn't lift until noon. Fog is cold. So all this means, if you want plenty of sunshine, don't live right at the beach or close to the river. Many people prefer living on the east side of highway 101 to be sure of sun because they're out of the fog line. Now to find warmth, that's a whole other story. Would you believe there are homes at the beach that are situated so perfectly that you can go out on your deck on a sunny day when the fog has lifted in a bikini and be perfectly warm--and tanned! You can even grow--and ripen--tomatoes, which for most places in the greater Florence area is a real art. Many people who want to be out of the wind and the fog and want to grow a garden live in the so-called banana belts north and south of the city. I have a friend who grows tomatoes as big as my two fists and zucchini like watermelons who lives on an acre in the south lakes area. He gets temperatures 80 to 85 degrees consistently in the summer. And I live 10 minutes north of Florence in the banana belt. However, I can't grow tomatoes because my home sits on top of a ridge and doesn't get nearly as much warmth as I need and can be breezy. But my neighbor below me has a home that is snugged into a sunny spot and she grows a huge organic garden with enough veggies to can and freeze. So it all comes down to this: unless you plan to spend lots of personal time trying to find out everything there is to know about Florence's microclimates, you'd be best served by finding a real estate agent who is a microclimatologist. Want to know more about Florence's weather? I have a chart of prevailing temperatues I can send you or look at the chart on our website, http://www.oregonflorencerealestate.com/.

Here Come the Feds, Here Come the Feds

The Feds have ridden up on their white horses once again, this time to institute changes to RESPA, the Real Estate Settlement Procedure Act, a federal law designed to help borrowers shop for the best loan. RESPA is enforced by HUD, Housing and Urban Development. RESPA requires federal loan or mortgage programs backed by the Feds, like FHA for example, to provide borrowers with how much their closing costs and other fees are going to be. Many people know this document as the Good Faith Estimate. Recent changes in RESPA regulations which became effective January 1, 2010, require a standard format for the Good Faith Estimate which clearly discloses key loan terms and closing costs. The estimate must remain valid and binding for a certain number of days, allowing borrowers to shop around for better terms and lower fees. Time periods under the new RESPA rules must be honored. The good news is that borrowers should be better informed and in a better position to speak with other lenders and negotiate a better loan. The bad news is that the lender now has more hoops to jump through that will require borrowers to jump through some hoops of their own.

Florence Named Number One. Again.

Florence was named THE number one retirement community by "Retirement Places Rated" in August 2004. People flocked to my town, Paradise on the Pacific, driving up real estate prices. New homes popped up overnight, like mushrooms after a good rain in our beautiful forests. Five years later, Florence has been named to another List: "8 Fantastic Coastal Sites with Bargains," according to "Where to Retire," January/February 2010. The magazine's subtitle for their article is "Ready for the Rebound: Hot Spots for Retirement Real Estate Discounts." Florence is included with Barnstable, MA, Hilton Head, SC, Whidbey Island, WA and Oceanside, CA, among others. Pretty good company, I'd say. Not only that, our median sales price is much lower than all of these towns, coming in at $205,000 for the fourth quarter of 2009. And we've got brand new homes starting at $180,000. There are lots of folks wandering Bay Street, picking up real estate information and dreaming of relocating, enjoying a phenomenally warm and dry winter, and beginning to learn some of the secrets of my home town. Welcome, all of you! Read the full article at www.oregonflorencerealestate.com under Retirement Living.

My Favorite Neighborhoods, Part Three: Ocean View

Everyone who comes to Florence asks about property that's water view. That makes water view property especially valuable and therefore especially pricey. That said, there are water view properties that may be attainable for you. One of my favorite water view neighborhoods is Southview. Located about 7 miles north of Florence, Southview is located on a high bluff overlooking the Pacific. Many of the homes are positioned such that they can view the coastline south as far as 15 miles on a clear day. Right now there are three homes for sale ranging in price from $899,500 to $1,495,000 and ranging in size from 3,000 to 6,500 square feet. It's the most spectacular views in the Florence area. If you're looking for peace and quiet the WOW view and a beautiful neighborhood not far from shopping, they don't get any better than Southview. Now my favorite "affordable" ocean view neighborhood is Rhodoview Dunes. There are three homes for sale ranging in price from $349,900 to $499,000. These homes have views of the City of Florence, the dunes, the Pacific Ocean and in some cases, the Siuslaw River. They sit on a small ridge inside the city of Florence limits so have all city services like water, sewer, and so forth and are only a few minutes from great shopping at Fred Meyer. Kla-ha-nee is an ocean front/ocean view gated community. The ocean is only steps away from any of the homes in this neighborhood. There is only one home for sale right now and it's listed for $679,000. Fawn Ridge West is Florence's newest ocean view gated community. The homes being built there are all custom homes. There's only one for sale now, though there are lots for sale. The ocean views on this home are fabulous and yet you're out of the tsunami zone. The home is listed for $895,000 and it's a real bell ringer. Now apart from these planned neighborhoods, there are stand alone homes that have ocean views too. Take, for example, one on 3rd Avenue at Heceta Beach, priced at $699,000 with panoramic ocean views and a really short walk to the Beach. With nearly 3,200 square feet, it's not a bad deal, especially if you enjoy beachy rusticity. If the ocean isn't your favorite water, then the Florence area has river and lake views. I'll be blogging about those in future posts.

Commercial Property for Sale in Florence

I've just completed a cursory study of Florence commercial property for sale. Here's some observations. The least expensive property is a 40' x 40' airplane hanger at the Florence Airport on land leased by the City of Florence. Current lease is $386.56 annually. Schweiss bi-fold electric door is approx. 9'4" high and 37"6' wide. Seller financing to qualified buyer. All this for $50,000. And the most expensive property is $2,299,000 and consists of the Bead Warehouse with a half a million dollars worth of inventory and excellent income AND Town Center Condominiums built in 2007 which has 10 single level units with attached garages, all two bed and two baths. There's also a great Italian restaurant in a remodeled bungalow just off of highway 101; and the building that houses Florence's only organic restaurant is for sale for a mere $175,000 and it's smack dab on 101, so has great drive-by traffic. There's a couple of buildings in Old Town for sale, including a Bed and Breakfast in a Craftsman style home and a darling historic building on a double lot with room for expansion. Want a motel? Or an RV storage park? Or how about a very profitable bar? You name it. We've got it. The selection of commercial property and businesses for sale in the Florence area has never been better. Just ask me about it.

Who Owns Oregon's Beaches

Oregon has nearly 363 miles of pristine, public coastline beaches. Or does it? The Oregon Beach Laws of 1967 and 1969 protected the public's right of access to the free and uninterrupted use of Oregon ocean beaches and regulated the use of motor vehicles on the beaches. Now the U.S. Supreme Court may have something to say about that. A case from Florida being argued today pits the state's need to prevent beach erosion against the rights of property owners to keep ownership of the land at the water's edge. Property owners bringing the case claim that new beach laid down through the State's beach replenishment program, is theirs. The State says the property owner's property line hasn't changed with the addition of more beach. It's just that they have more dry beach now. The real issue is that property owners don't want the general public to use the new beach area, in essence preserving the beach as their own private domain. Now it's up to the supreme court to decide if the State of Florida judicial system acted unconstitutionally by making a ruling which resulted in an unconstitutional taking of private property. The Florida Supreme Court says that the beach replenishment is just "the state's constitutional duty to protect Florida's beaches in a way that reasonably balances public and private interests." When new beach is created, property owners' rights haven't changed: they can still get to the ocean and see the water. The court also said Florida common law has never provided the landowner a right to own the emerging land as their own property. Now the U.S. Supreme Court — including at least one justice who owns a vacation house on the water — will make a ruling. The decision might make big changes for Oregon's beautiful public beaches--and not in a good way.