Chris and Kim Knox of Landline Real Estate, LLC in Southern Oregon

Rural living, New Listing at 1757 Apache Drive in Southwest Medford in the Dark Hollow area

Southwest Medford, Medford  -  Announcing a new listing at 1757 Apache Drive, a 1,992 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $309,000 - Great Price.

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Pencils. 8 Units For Sale in West Medford

Pencils

• 6,212 sq. ft. single story "4 of the Townhomes are Two Story" - MLS® $599,000 - 8 Units

West Medford, Medford  -  Get your pencils out investors!! Total 8 units and 6 garages on .34 of an acre with alley access in downtown Medford. 4 townhouses(2 bed, 1.5 bath, indoor laundry, 2 story units) , 1 Duplex(two units, each unit 2 bed, 1 bath, indoor laundry, single story units w/ single car garages), an apartment (1 bed, 1 bath, single level), and a studio (1 bath, single level). 2 of the garages are part of the duplex rent, four were previously rented for $50.00 a month. We have a key to one of the townhomes to show buyer's. Buyer to write offer subject to going through tenant occupied units. Property management rents the townhomes for $640.00(without garage), 1 Duplex rents for $660.00(does not pay trash), the other duplex for $625.00(tenant pays trash). Apartment rents for $525.00 and comes with a storage area. Studio rents for $375.00. If all are occupied, the incoming rents total $4745.00, and if the 4 garages are rented out of $50.00 a month, that totals $4945.00. Currently 1 townhome and 2 garages are being kept vacant to assist in selling. Buyer to review all rental agreements as a condition of sale. Centrally located. Appraisal done late July 2008 for $633,000.00, and indicates a 3% vacancy rate in this area.

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Down Payment Assitance Programs ENDING

It is important to note that Buyer's Down Payment Assistance Programs are ENDING as of September 30th, 2008.  Buyer's MUST have application in to a lender by September 2nd and MUST close by September 30th, 2008. 

If you are a motivated Buyer and need assistance with your down payment, do not miss the opportunity to get into a house for a limited amount down.  Who knows if the government will allow another program in the future that will compare to the down payment assistance programs in light of the housing market.  However, I don't see a light at the end of this particular tunnel, with the exception of a possible advantage to us taxpayer's to not have these programs active any longer.   

Chris and I work with a couple of lenders who regularly close FHA loans in conjunction with the down payment assistance programs.  This tackles both parts of a transaction that make a Buyer come up with money.  Both down payment AND closing costs.  

Even if you don't really understand what I am talking about because you are a first time home buyer, I promise it is something worth checking into immediately.   We are willing to discuss your situation and get you to a lender that is right for you.  They can layout the importance of these programs by showing you what a financial difference these programs will make to you and your ability to get into a home for a limited down.

I am making this announcement to benefit Buyer's.  Call anytime to discuss what this means to you.  If you are someone that has been weighing your options about getting into home ownership, NOT checking into this NOW may cost you.

HUD has been trying to get Down Payment Assistance Programs dropped for years.  FHA does not allow a Seller to contribute toward a Buyer's closing costs.  The down payment assistance programs are used as a tool to gift money to a Buyer at a closing and still be in compliance with FHA requirements. 

We have worked with lenders to close several of these loans for Buyer's.  I am simply concerned of the outcome of this change and hope people know this is coming to an end to enable them to make an informed decision about buying a home.  Time is of the essence!!  Call us to let us help you find a lender that deals with these loans, or call the lender you have been working with to find out if they deal with down payment assistance programs.  Either way, this is something to take seriously, and I hope this notice serves you well.  

Kim Knox

We have a large inventory of homes available that are FHA compliant.  Click here and visit our website.  

Single Story For Sale in East Medford

DeCarlow Construction

• 2,172 sq. ft., 2 bath, 3 bdrm single story - MLS® $425,000 - Under Assessed Value

East Medford, Medford  - 

Come see this 2006 quality custom Decarlow built home, you will be glad you did!! Awesome curb appeal with extensive rock work, a carriage style garage door, and complimentary color selections. Stunning vaulted entry with a dormer accent that lead to a formal dining room with decorative columns and a wonderful chair rail accent. This home has hardwood floors in the kitchen and informal dining area that is open to the large living area with vaulted ceiling. The kitchen has granite countertops, an excellent design and amenities that any chef would approve. The master suite has a two sided fireplace that can be viewed from the roomy master bath which includes a jetted tub, a double vanity and a large walk in closet. The master bedroom has a mansard ceiling and French doors that open to the large covered patio with a custom water feature which offers soothing sounds to enjoy. Located in the desirable East Medford, convenient to medical care, shopping, and surrounded by newer construction.

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Single Story For Sale in West Medford

Clean, Clean, Clean

• 1,120 sq. ft., 1 bath, 3 bdrm single story - MLS® $145,000 - Great Value for the Money

West Medford, Medford  -  Come and see the value.  County has this home listed as 3 bedroom 1 bath but it has a room that can be used for a fourth bedroom.  New paint Inside and out.  Hardwood floors in the bedrooms and the living room.  New in ground sprinkler in the front yard.  New sod will be placed in the front yard by 08/16/08.  This home has been very well cared for.  It is very clean and has a great floor plan.  There is a very large backyard with ADU(additional dwelling unit) potential. Buyer to verify with the city.   The yard is fully fenced.  There is a 1 car carport with a good size storage closet and room to park a small rv or boat.  You will not be disappointed in this home. Easy to view!!

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Single Story For Sale in East Medford

Clean, Clean, Clean

• 1,016 sq. ft., 1 bath, 2 bdrm single story - MLS® $170,000 - Great Value

East Medford, Medford  -  This 1988 built home sits on a large .25 acre lot in a great neighborhood of East Medford, located at the end of a cul-de-sac.  The home has new carpet and vinyl throughout, new paint inside and out and also a new garage door.  This 1 owner,  2 bedroom 1 bath home has been very well cared for.  There is a open floor plan, indoor utility room, and lots of storage.  The roomy backyard has a covered patio, is fully fenced and has an in ground sprinkler system.   It has a 2 car garage AND rv parking.  Do not miss out on this wonderful buy served by Lincoln Elementary, Hedrick Junior High, and North Medford High School.

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$194,900 Open House in Central Point on Saturday in the New Haven Estates off Hamrick Road!!

Central Point, Jackson County  -  We invite everyone to visit our open house at 2200 Lara Lane on August 9 from 12:00 PM to 3:00 PM.  2002 Ryan Blackwell Construction!!  Easy to find.  Hamrick, New Haven, To Lara Lane. 

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Single Story For Sale in Central Point

Bank Short Sale

• 1,360 sq. ft., 2 bath, 3 bdrm single story - MLS® $194,900 - Great Value!

Central Point, Jackson County  -  Great house, fabulous value! Located in the attractive New Haven Estates. Warm and inviting Ryan Blackwell quality Construction in an area of newer homes in a centralized location in Central Point. Open floor plan with vaulted ceilings, lots of natural light, indoor laundry, breakfast bar and roomy kitchen with tons of counter space. Fenced backyard with a covered patio. Landscaped w/sprinkler system. Home Association Fee Includes , Pool, Tennis And Basketball Court, Play Ground, Recreation Hall, Exercise Equipment!

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Price Reduced on 3228 Eucalyptus in East Medford

East Medford, Medford  -  Announcing a price reduction on 3228 Eucalyptus, a 1,604 sq. ft., 3 bath, 3 bdrm single story. Now MLS® $324,900 - .

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Single Story For Sale in East Medford

East Medford Charmer

• 984 sq. ft., 1 bath, 2 bdrm single story - $189,000 - Great Price!!

East Medford, Medford  -  WOW! East side charmer located across from Hedrick Junior High’s sports field! Central Heat and Air installed last spring, home is extremely well kept and is squeaky clean. It has hardwood flooring under the carpet, a wood burning fireplace with brink mantel, large picture windows, classic built ins, and lots of natural light. Surrounded by mature trees with easy care landscaping with a timed sprinkler system, garden boxes, a patio, and a nice sitting area at the upper tier of the backyard accessed by a short stairway. Hardwood floors under carpet. Good size laundry room and tons of storage, in addition to a single car garage with built in shelving. This home comes with all appliances, including Refrigerator, separate freezer, washer and dryer, microwave, & range/oven and comes w/all window coverings.

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Price Reduced on 2300 Corona Avenue in East Medford

East Medford, Medford  -  Announcing a price reduction on 2300 Corona Avenue, a 1,592 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $239,900 - Great Value.

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May Newsletter!

	Chris and Kim Knox want to hear from you!! 541-899-7222 541-899-7222 May 2008 Jackson County Oregon Real Estate Sales. Copyright © 2008 Realty Times All Rights Reserved. First Time Buyers' Dos And Don'ts   If you are a first time home buyer, you have a lot to learn.       Working from a blank slate you must build an understanding of the housing market, determine what you can afford, land a loan and hone in on a home that's a good fit for your lifestyle.       The transaction will likely become your largest asset ever so there's little room for error.       It is a daunting task, but you can ease your concerns if you take the process step-by-step, watching your footing as you move along the path toward the American Dream.       Below is a list of "Dos and Don'ts" to Mortgage Rates U.S. averages as of April 24, 2008: 30 yr. fixed:   6.03% 15 yr. fixed:   5.62% 1 yr. adj:        5.29% 30 yr. jumbo:  6.98%--> View current rates help first timers turn that stress into the self-confidence you'll need to move closer to your first home.       The list focuses on areas first-timers typically stumble over in their initial home buying attempt. Knowing what you could CONTINUED >>> View Our Website, Ranked #1 in Jackson County Oregon Interest rates are down, inventories are up, and it is a great time to buy!! We have a large inventory of well priced homes just waiting for you! Taking The Real Estate Investment Plunge      Just like buying a home to live in, taking the real estate investment plunge requires taking stock of your financial goals, planning and lifestyle before taking the plunge.       Pretty much like buying any property.       If you've got the time, the money and the lifestyle that lends itself to managing a real estate investment, you are just about half way there.       However, both halves are pretty big halves.       The National Real Estate Investors Association says you've still got a lot of work to do.       Here's what.       Buy your own home first. Buying a home will not only put a roof over your head, but also teach you the true cost of property ownership beyond the monthly mortgage payment; give you a primer on financing; school you on how location and changing market conditions affect property values; give you the angle on tax and other home-owning benefits; help you learn about property maintenance; CONTINUED >>> Tax Rebate Uses For Buyers      What should a smart home buyer do with that fat federal tax rebate check?       Well, it's not that fat, but it could come in handy for buyers before, during and after the home buying transaction.       The Economic Stimulus Act of 2008 includes, among other provisions, tax rebates, bureaucratically dubbed "economic stimulus payments."       Starting in May, the U.S. Treasury Department will begin sending rebates to taxpayers, who had $3,000 of income and filed a 2007 tax return and have a valid Social Security number. Eligible taxpayers will receive up to $600 ($1,200 for married couples). Parents will receive an additional $300 for each eligible child younger than 17.       If you are a retiree, disabled veteran or low-wage worker who is otherwise exempt from filing a tax return, you must file a tax return this year in order to receive a rebate.       The rebate -- both the basic component and the additional funds for qualifying children -- begins to phase out for individuals with adjusted gross incomes (AGI) over $75,000 and married couples who file a joint return with AGI over $150,000. The combined payment is reduced by 5 percent of the income above the AGI thresholds.       You can estimate what your tax rebate take might be with the Economic CONTINUED >>> Plan to Buy or Sell? Contact Chris and Kim Knox at 899-7222 We offer a FREE market analysis to help you maximize profit and get your real estate sold. Second-Home Sales Accounted For One-Third of Transactions in 2007      The combined total of vacation- and investment-home sales declined with the overall market in 2007, but still accounted for 33 percent of all existing- and new-home sales, which is close to historic norms, according to the National Association of REALTORS® (NAR).       The market share of homes purchased for investment last year was 21 percent, down from 22 percent in 2006, while another 12 percent were vacation homes, compared with a 14 percent market share in 2006.  The total share of second homes declined from 36 percent of transactions in 2006.  CONTINUED >>> Daily News and Advice --> Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday. More Articles April Round Up: Rates Increase Review The Landscape Before You Buy Or Sell Housing Bills Will Help Homeowners And Economy Decorating on a Budget: It Can be Done! 541-899-7222, Realtors,ABR,GRI,MDC,PME E-mail: kim@landlinerealestate.com Web: http://www.landlinerealestate.com 541-899-7222 Landline Real Estate, LLC 541-899-7222 www.LandlineRealEstate.com Equal Housing Opportunity

NEW listing located in a great rural subdivision off of Dark Hollow! Views and Setting amazing!

Views and Setting.......BOTH!

• 1,566 sq. ft., 2 bath, 4 bdrm single story - $339,000 - What a Location!

Southwest Medford, Medford  -  Located on the hillside, with striking views and easy access, this home shines with pride! The landscaping is gorgeous, lush with huge mature trees and vibrant colors and textures. A lovely private side yard that is fully fenced, with a cozy patio that you can enjoy some breathtaking scenery with birds chirping in the background. The home has been nicely cared for and has large vaulted ceilings, tons of natural light, laminate flooring, a wood burning stove, an eating bar, and laundry room and a roomy work shop. With skylights, lots of windows, curves and dimension, this home is appealing with a desirable split floor plan. Palm harbor delivers strong, durable, attractive, energy efficient homes. Conveniently located in a rural subdivision off of dark hollow road, this setting will knock your socks off!

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Price Reduced on 542 N Grape Street in West Medford Bank Short Sale

West Medford, Medford  -  Announcing a price reduction on 542 N Grape Street, a 842 sq. ft., 1 bath, 2 bdrm single story. Now MLS® $109,000 - .

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Single Story For Sale in East Medford

Country Living in the City

• 1,604 sq. ft., 3 bath, 3 bdrm single story - MLS® $395,000

East Medford, Medford  -  Country living in the city. Almost/2 acre lot with irrigation. Nice 3 bedroom 2 1/2 bath home and a 24 x 36 shop/detached garage. This home has been very well taken care of. It has newer carpet, hardwood floors in 2 bedrooms and a tile floor in the Kitchen. There is a large Master suite with a sliding glass door out to the patio where one can enjoy the inground pool, spa, covered patio area and open deck in your own private backyard oasis. This home is definitely a one of a kind city home with that country feel.

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