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

3 Duplexes West Medford 6 3 bed, 1 bath units. Seller May Carry 40 YEAR note (YES 40 years!!)

2008-11-17T21:35:00Z

6 Units on One Tax Lot

• 5,172 sq. ft., 1 bath, 3 bdrm single story "3 Duplexes" - $649,000 - Owner Carry For 40 YEARS!

West Medford, Medford - Owner will consider carrying a note with 20% down, amortized and payable over 40 years at 7% per annum through Buyer paid collection escrow on full price offers. Seller wants to retire from being a landlord. 6 total rentals on one tax lot. 3 duplexes(all 3 bed, 1 bath units). 2 of the units are rented 4 units vacant. Potential rents historically totaling $4240.00 monthly. Water paid by Landlord, at $125-$130 per month. Taxes $4858 for 2008. New roofs, gutters, and exterior paint in 2006. Single level duplexes with 6 carports and 6 storage rooms. Automatic timed sprinklers. 4 units have patios and fenced back yards, 2 units have only a fenced back area. Refrigerators, ranges, window coverings, wall air conditions, gas heat & water heaters. Laundry hookups and auto times sprinklers.

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INVESTORS. 2 Duplexes in East Medford on TWO tax lots! Seller will carry a note. Purchase price $419,000

2008-11-14T19:08:00Z

2 Duplexes, 2 Tax Lots!

• 3,360 sq. ft., 1 bath, 2 bdrm single story - $419,000 - Owner May Carry A Note

East Medford, Medford - Owner will consider carrying a note with 20% down, amortized and payable over 40 years at 7% per annum through Buyer paid collection escrow on full price offers. Seller wants to retire from being a landlord. 4 total rentals on 2 tax lots in centralized East Medford location. Single level 2 bed, 1 bath duplexes each on 0.11 of an acre lot with alley access. Currently vacant, historically rented for $600.00 per month, totaling potential rents of $2400.00. Water was paid by Landlord at $100-$110 monthly, trash has been paid by renters. Taxes $3860 for 2008. Great investment. Seller making no attempt to rent vacant units. New roofs, gutters and exterior pain in 2006. Laundry hookups, range, refrigerator, electric heat, and window coverings. Shared fenced yards, automatic timed sprinklers, carports and storage rooms.

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Awesome Value in East Medford $349,000 on Asher Drive. LOCATION LOCATION LOCATION!

2008-11-11T17:14:00Z

Excellent Price For This Area!

• 2,304 sq. ft., 4 bath, 3 bdrm single story - $349,000 - Elaborate Home

East Medford, Medford - Located in a desirable school district is this stately and impressive residence. Quality and unique construction with dual access staircase and both a family and living room with vaulted ceilings. The kitchen has a lot of counter space, display cabinetry, and tile work with wood flooring and a breakfast nook. The layout of the home is eccentric, designed with a bathroom and walk in closet for EVERY bedroom which adds huge appeal to this smart purchase. The master suite is located on the main level for easy access. This romantic master suite includes a double sided fireplace, attractive coffered ceiling, a roomy jetted tub, a double vanity, a separate shower, a walk-in closet and private access to the backyard. The yard is fully fenced and with mature trees. This also has a drive-thru garage for extra parking! The home is located near the end of a cul-de-sac, surrounded by attractive homes in a sought-after location.

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New Listing! West Medford for only $129,500 Bank short sale approved!!

2008-10-31T20:09:00Z

Solid Value

• 1,272 sq. ft., 2 bath, 3 bdrm single story - MLS® $129,500 - Approved Bank Short Sale

West Medford, Medford - Just over $100 per square foot, SERIOUSLY!! Modest 1272 square foot home with both a living and family room and an updated kitchen. The home is tucked away from the road on a flag lot and has off street parking in addition to the2 car garage with Laundry hookups. Oakdale is an attractive tree lined street with turn of the century homes. Located conveniently and priced for a quick sale. Bank has approved short sale amount(YES, it’s true!!). 3 bed, 2 bath, dining room, kitchen, living room, and a family room. Family room is located in such a way that it could be used as a 4th bedroom if needed. It is not fancy, but it is solid and a great value. Assessed at $160K. Vacant and easy to show!!

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New Haven Estates 2200 Lara Lane in Central Point Bank Short Sale. Blackwell Contruction.

2008-10-21T20:03:00Z

Central Point, Jackson County - Announcing a price reduction on 2200 Lara Lane, a 1,360 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $174,900 - Bank Short Sale.

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2 homes on one lot For Sale in West Medford on Summit Ave!

2008-10-17T00:12:00Z

2 homes on 1 lot!!

• 1,924 sq. ft., 2 bath, 5 bdrm single story - $219,000

West Medford, Medford - Two houses on a corner lot in a convenient location of West Medford. Main home has 3 bedrooms and a small bonus room, 1 full bathroom a utility, dining and large living room. Forced air gas heat insulated windows, fenced yard, and underground sprinklers. 2nd home has 1 large bedroom, 1 bath with shower only, and a large living area including a kitchen, dining and living space and a small covered front porch with a small storage room ajacent. Electric heat and wall a/c with front lawn and off street driveway. Main home rents for $900.00 monthly and 2nd home rents for $530.00 monthly. Tenants pay their own trash and keep both homes very nice, clean and availalbe for serioius showings with 24 hour notice.

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

2008-09-23T17:37:00Z

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

2008-09-11T23:25:00Z

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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3+ bedroom Clean West Medford home for $145K. Owner may carry

2008-08-13T22:27:00Z

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. 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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Awesome Location in East Medford 2/1 bath with 2 car garage. Owner may carry a note on this $170K purchase.

2008-08-13T22:12:00Z

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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Top 10 Tax Breaks, on the House! MONEY MONEY MONEY!!

2008-01-16T20:20:00Z

Check out our large inventory of well priced homes! It is a great time to buy in Jackson County Oregon! Top 10 Tax Breaks, On The House The New Year always turns thoughts to the new tax season and when it comes to taxes there's no place like home to find shelter. Your home offers a score of tax deductions and credits designed to help offset the cost of housing and to keep the housing market fueled with new buyers. Here's a look at the Top 10 Tax Breaks, On The House. Mortgage Loan Interest:...(read more)

Mortgage Insurance Slated For Tax Deduction

2007-01-05T18:02:00Z

Mortgage Insurance Slated For Tax Deduction

Years in the making, a federal tax deduction for mortgage insurance is all but assured after bills which include the provision were passed last month by both the House of Representatives and the U.S. Senate.

Only borrowers who close loans during and after 2007 and make less than $100,000 a year will be eligible to deduct all the private or government mortgage insurance paid for the year.

A tax deduction reduces taxable income, leaving less income to tax. The new break with result in an average tax savings of between $300 and $350, according to Howard Glaser, a Washington lobbyist and former senior official in the Department of Housing and Urban Development.

During the past five years, about one in five new loans have included mortgage insurance, according to Jeff Lubar, a spokesman for the Mortgage Insurance Companies of America, a trade group for private insurers, but the number of new policies has fallen.

The group's "2006-2007 Fact Book &Membership Directory" reports nearly 1.6 million private policies and about 700,000 government policies (for FHA and VA loans) were written in 2005. In 2002 there were approximately 2.3 million private policies and about 1.6 million government policies written.

The growth in the use of piggy-back loans, down-payment assistance programs, other creative financing and rapid home price appreciation that allows home owners to refinance have all contributed to the declining number of policies.

Maligned years ago when two in five new loans were saddled with the coverage, and before laws mandated full annual disclosures and the right to cancellation, mortgage insurance has its pluses and minuses.

Because buyers with down payments of less than 20 percent have higher default rates, the insurance is typically mandated on low down payment loans or first loans that don't also come with a second or "piggy-back" loan to bring the down payment to 20 percent.

The insurance protects the lender from default, but the premiums are paid by the home owner.

The premiums can be $100 or more a month but the extra cost can help a home buyer qualify for a home that otherwise could have been out of reach. The insurance can also help a buyer buy a larger home, buy a home sooner and hold onto some cash after they've purchased a home with a smaller down payment.

Mortgage insurance has been around in some form since the late 1800s, but it wasn't until 1999 and the federal "Homeowners Protection Act of 1997" when home owners gained disclosure reforms and broader insurance cancellation rights.

Before the law, many borrowers could only cancel by refinancing to a loan with a balance 80 percent or less of the home's value, say, because the home's value had appreciated. Many who wanted to keep their current mortgage, but cancel because their home's value had jumped, were at the mercy of the lender.

Since 1999, private mortgage insurers must annually disclose the amount of insurance paid and automatically cancel mortgage insurance when a homeowner pays down the mortgage to 78 percent of the original purchase price.

A lender also must cancel the insurance if a home owner requests it and the mortgage balance is 80 percent of the original value of the house.

In both cases, the borrower must be current on mortgage payments and meet other requirements. Refinancing to a loan that's 80 percent or less of the home's value remains an option.

Unfortunately, the law doesn't apply to government insured loans and some others.

With a presidential signature, which is likely, the new law will allow the tax deduction for all mortgage insurance -- private and government -- paid by qualifying tax payers.

Want to Sell? Contact a professional Real Estate Consultant. -- FREE MARKET ANALYSIS

To contact me immediately call 541-890-7101, my mobile phone.

The Art of House Hunting: 8 Tips to Help in Your Search

2007-01-05T17:30:00Z

Armed with your down payment and your pre-approved mortgage loan, the next step is finding the house that will best meet your family's needs. With realistic expectations, patience, and plenty of research, you'll be well on your way.

Once you narrow it down to the neighborhoods you like, you'll want to determine the maximum house price you can afford. Even though you're pre-approved for a set loan amount, it doesn't mean you can afford it. You'll want to factor in other expenses, including retirement and college savings, vacations, and home maintenance and repairs, when you calculate how much you can afford for a monthly payment. And don't forget to budget for homeowners insurance and property taxes.

Next, differentiate your needs versus your wants. You need three bedrooms, but a fourth room would be nice for a play room or guest room. You need a two-car garage, but a larger one would be nice for storage. You need a functional kitchen but want hardwood floor. You need two bathrooms but want a luxurious master suite. You get the picture.

As you begin on your house-hunting venture, you may want to prepare a checklist, perhaps in a table form on your computer. Break it down between exterior and interior characteristics. Make notes on each feature and give each a 1 to 10 score.

Some of the exterior features to rate might include size of yard, quality of fence, paint condition, roof condition, window conditions, garage, back yard. When it comes to interior, think about square footage; the floor plan; condition of walls; the size, quality, and functionality of the various rooms; and closet and storage space.

Your checklist should also include any other general factors you deem important - the amount of traffic, the appearance of the neighborhood in general, safety in the area, the reputation of local schools, etc.

Meanwhile, Freddie Mac, the stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing, and other industry experts make additional suggestions, including:

Take a camera with you to capture an image of each house you look at that makes it to the "maybe" list.

Don't make a hasty decision, especially if you feel yourself becoming guided by emotion. Selecting a home takes time, thought, and analysis. You should carefully weigh the pros and cons of each house you like.

Review your checklist and notes and compare it against your needs, wants, and budget.

Bring your spouse, friend or family member with you to get a second opinion. They may notice a shortcoming that you've overlooked.

Find out how much utilities and maintenance cost.

Stay on top of newly listed houses.

Remain in close contact with your REALTOR®. This is extremely important if you're in a strong seller's market in which homes that are priced right go fast. You want a good agent who will alert you of new listings and who will show you the houses as soon as they're listed.

Be prepared to look at the potential of a house rather than what you see in front of you. Set your priorities and decide what can be sacrificed. It's more important that the layout of the house and the number of bedrooms you need fit your needs and that all major systems are functional versus your dislike for the avocado green carpet or the lack of landscaping. Those types of cosmetic shortcomings can be easily remedied once you buy the house.

If you find a house you like, offer a competitive bid. Keep in mind you'll likely be competing against other offers - especially if interest rates stay low and the spring buying season is in full bloom.

-And don't forget - once you make an offer, make it contingent upon the findings of a professional home inspection. If any major defects surface, you'll want to have the leverage to renegotiate or back out of the deal completely.

Would you like a Buyer's Broker to work for you?

Do you know you do not pay the fees of the Buyer's Broker?

A smart Buyer has a broker work for him/her to close a transaction.

I am a full service broker. I want to make your dreams of home ownership, or your ambitions as an investor, become a reality. It is all about you, and it is possible!

Call me at 541-890-7101, lets set an appointment to talk about what your hopes are for the future!