Lisa Mushel, Bend Realtor

03/22/2024

For those that think Real Estate has moved “online”…. Here’s an example of why we aren’t there yet.

I try to stay positive about the real estate biz on social media, but I just can't stay quiet today. Buyers came to me in December looking to buy a home. They'd been pre-approved with Rocket Mortgage (Quicken Loans). I've never had a good experience with them and I gave the buyers my opinion and suggested one of my preferred brokers. They said "Thanks, but Rocket was great in the past and we're already through underwriting with them."

I said, "okay that's fine, but keep in mind that Listing Agents and Sellers may not be crazy about this, and it's possible that your offer could not get accepted because of their reputation." Buyers wanted to proceed.

We put an offer on this home in February. While there weren't any competing offers (thankfully), the listing agent expressed concern about Rocket Mortgage. I explained to him "it won't be a problem because they are through underwriting!". (HA!)

Fast forward 4 weeks later, it's 3 days before closing and underwriters STILL haven't given us the "clear to close" and keep adding "conditions" for the buyers to meet. (i.e. documents to support income, track deposits, etc.). Finally in the 11th hour, Rocket wouldn't get it approved, despite the buyers jumping through every hoop that was put in front of them. We finally had to terminate, 2 hours before our loan approval deadline (so they will still get their $10K earnest money back). WHEW! 😬

Lesson 1: Please listen to your Buyer's Agent. We live and breathe this business 24/7, 365. Yes, you may have bought and sold a few homes in your life, but we've done hundreds of transactions over many many years. (16 years here)

Lesson 2: Just because you're "pre-approved" and even "fully underwritten" does NOT mean it's a slam dunk. 💩 S #$% 💩 happens. Underwriters find stuff. Be prepared.

Lesson 3: Do NOT use an "online" lender. Their LOs and underwriters do not care about you. Quantity vs quality.

Lesson 4: Think you can buy a home by yourself without an agent? Think again. This is a perfect example of why you need someone working for YOU. Think the Seller's Agent would be working with your lender to stay on top of critical deadlines? NO. They represent the Seller. NOT the Buyer.

XOXO
-Sally

10/23/2022

First big snow covering the mountains, this doesn’t get old!

10/09/2022

Tony’s Crab Shack in Bandon is a pretty nice place to be right now.

06/25/2022

63282 NW Newhall Place
3 bedroom 2 bath, 3 car garage
Westside location, great access to shopping and recreation!
Price improved to $749,000
Call/text to view 206-419-0281

12/17/2020

10/09/2020

For those who intend to speak, join the Webinar via Zoom. This can accommodate 500 participants at a time. This event will include Spanish interpretation.

10/03/2020

Four of the seven positions on Bend City Council are on the ballot this November. Two of those races will not have an incumbent running. The Old Farm District Neighborhood Association does not issue endorsements, but we want you to have the best information available when reviewing your ballot. Indi...

09/09/2020

The Deschutes Alert System (DAS) can be used to notify the public with important information during an emergency. Emergencies happen with little or no notice at any time of the day or night. With DAS, we can relay critical information to you about natural disasters or other emergencies that require....

09/09/2020

See link in their post for donations!

Oregon Wildfire Resources - Live Updates (scroll for temporary evacuation point information)

UPDATE 9/9 @ 10AM - Conditions are rapidly changing throughout the state. The Red Cross is providing support and assistance at the following locations. We are working with our county partners, many of which are providing support at additional locations. Continue to monitor for updates.

UPDATE 9/9 @ 8:10am - If you've been evacuated due to any of the wildfires in Oregon, you can let family and friends know you are safe by using the Red Cross Safe & Well site. Click the link or download the Red Cross Emergency App to mark yourself safe. safeandwell.communityos.org/cms/index.php

UPDATE 9/8 @ 8:25pm - Due to changing conditions, we have had to close the evacuation point at Molalla High School and relocate to Clackamas Community College. Anyone in need of assistance can go directly to 19600 Molalla Avenue, Oregon City, OR.

UPDATE 9/8 @ 3:30pm - The Colton High School temporary evacuation point has been closed and relocated to Molalla High School. Anyone impacted by the nearby wildfires can go directly to Molalla High School at 357 E. Francis Street.

UPDATE 9/8 - Additional Red Cross volunteers are mobilizing to six temporary evacuation sites around the region to support those impacted by wildfires. Travel conditions are challenging and will impact their arrival times but the Red Cross will be there for as long as support is needed.

UPDATE 9/8 @ 11am - We are grateful that people want to help due to the Oregon wildfires. For the safety of everyone, we are unable to accept material donations of any kind right now. Financial donations at redcross.org are the quickest and best way to get help to those who need it most. Your financial donation to the Red Cross helps provide shelter, meals, relief supplies, emotional support, recovery planning and
other assistance during wildfires.

UPDATE 9/8 @ 8:45am - Our Red Cross volunteers are supporting those impacted by wildfires across Oregon this morning. We know there are many who are arriving at temporary evacuation points and need assistance. We will be available for as long as the need remains.

UPDATE 9/8 @ 7:45am - Red Cross volunteers are available at the following temporary evacuations points for those impacted by wildfires:

Thurston High School
333 58th St. Springfield

Deschutes Co. Fairgrounds
3800 SW Airport Way, Redmond

Oregon State Fairgrounds
2330 17th St NE, Salem

Glide Middle School
18990 N Umpqua Hwy, Glide

Kla-Mo-Ya Casino
34333 US-97, Chiloquin

Colton High School
30205 S Wall St, Colton

Simply show up to any temporary evacuation site for information on Red Cross services. Updates will be shared as they happen.

08/11/2020

https://www.bendbulletin.com/business/bend-single-family-home-sales-prices-take-a-leap/article_32565e30-db44-11ea-9c1c-ef1d7be22f38.html

The median price of a single-family home in Bend vaulted forward to $529,000, an increase of $59,000 compared to the same time the year before, according to the Beacon Appraisal