180 miles of Oregon coast travel and real estate: Astoria, Seaside, Cannon
Beach, Manzanita, Nehalem, Wheeler, Rockaway, Garibaldi, Tillamook, Oceanside,
Pacific City, Lincoln City, Depoe Bay, Newport, Wadport, Yachats &
to Buying a Home on the Oregon Coast
Timme, Real Estate Columnist
homes along Manzanita's shorefront have this view
So you want to buy
a home on the Oregon coast? You have found the property and are ready
to make it your dream. There are a number of steps going through the realtor's
office, the financial institutions and the escrow services on the way
to getting the keys to your new home. If you have someone to show the
way, it is much easier to do properly and to get the steps in the correct
order and come off looking like an expert.
locating the property you want, you can sit down with a realtor and make
an offer by filling in the papers of the purchase offer. These start with
the disclosure statement that spells out the relationship between your
realtor and you, the client. You are given a Real Estate Agency Disclosure
Pamphlet and a paper to sign and date indicating that you have received
the pamphlet and that it has been explained to you.
Motel, Rockaway Beach
If expansive ocean views, close proximity to golfing,
fishing tours and quick access to seven miles of pristine beaches
is your thing, then this quintessential beauty in Rockaway Beach
is your ticket to vacation fun for families, couples or large groups.
Some rooms are pet friendly. All rooms at the Tradewinds Motel are
immaculate and have TV’s, VCR’s and in-room phones with
data ports. The oceanfronts all have a queen bed, a double hide-a-bed,
kitchen, cozy firelog fireplace and a private deck. Some oceanfront
units come with all those amenities but the kitchens. Both types
sleep up to four people. The non-oceanfront rooms are appointed
with a queen bed, small fridge, and coffee maker – sizable
for a two-person romantic getaway, yet still perfect for those on
a budget. There is an elaborate oceanfront Jacuzzi suite that has
two bedrooms, coming with a kitchen, double hide-a-bed, fireplace
and private deck, sleeping as many as six. For those wanting bigger
accommodations for family reunions or large gatherings such as weddings,
some rooms can connect to create two-room and three-room suites.
523 N. Pacific St., Rockaway Beach. (503) 355-2112 - 1-800-824-0938.
Then there is the
Real Estate Sales Agreement. Currently, there are seven pages of legal
text with blanks to fill in, letting you make the offer that you want
for the property you have selected. Once filled out, this can be added
to in the form of addendums that cover matters of concern that are not
already covered in the sales agreement. An example is a professional inspection
addendum that will let you have an expert give an opinion on the condition
of the home. This lets you, the buyer, know what condition of the house
you want to purchase with less chance to being surprised after the sale.
There is even a home protection plan insurance available for a modest
fee that insures your home will be just as you bought it for a specified
period of time.
beauty is for sale on the north coast
Typically, an earnest
money check or promissory note is given by the buyer at the time of making
the offer, this is somewhere around one percent of the amount being offered
to purchase the property. It is also just what it says it is: money put
up to indicate that you are earnest in making the offer.
If all the terms of the sales
agreement are satisfied and you decide to withdraw the offer, then the
earnest money could be forfeit to the seller. This earnest money is generally
held at the real estate office until mutual agreement is reached, and
at that time it is turned over to the escrow office and then deducted
from the purchase price.
A down payment is also made
at close of escrow. This is money to reduce the amount of the purchase
loan to a level the lender will support. The amount of the down payment
is determined by and can be quite different from lender to lender, depending
on the type of loan used to finance the property purchase.
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Condo Hotel Ownership in Seaside –
An opportunity to share in hotel revenue!
Rivertide Suites in Seaside, Oregon. A condo-hotel
that offers the amenities of a fine hotel, but also includes ownership
of a vacation home on the north Oregon coast. It is a unique opportunity,
as condo owners have an opportunity to share in the revenues of
Units have either spectacular, nearly aerial views
of the ocean and city, or they gaze out at the lush forests of the
coast range mountains. There are private balconies in all rooms,
which come as studios or units with one bedroom or two - as large
as 850 square feet. Each is fully furnished, full kitchens, complete
with fireplaces, jetted tubs, pillow top mattresses, washer/dryer
and wi-fi. Fully equipped exercise room, business center, and a
large indoor pool & spa. Priced from $189,000 to $449,000, (with
most in the $300,000 range.) When owners are not using their units,
they may be rented out as hotel rooms, and owners may sh a re in
those revenues. 503-297-3910. www.rivertide.primeplaces.net
Once mutual agreement
is reached, the inspections can take place and anything negative found
during inspection can be a matter of negotiation. These can be entered
into an addendum to the sales agreement. Once agreement is reached on
a solution, it is signed and becomes part of the agreement. Or, if the
offer is below the seller's asking price for the property, a sellers counter
offer can be made indicating the seller's position. The negotiation process
can continue with a buyer's counter offer. This process continues until
an agreement between the seller and the buyer is reached or a sale fail
occurs where one of the parties withdraws. When the offer made is mutually
agreed to, then the process stops at that point and goes to escrow.
The escrow service
acts as a neutral third party that makes sure the terms of the sales agreement
and associated addendums are in place. Of course they do this for a modest
fee to cover the cost of their services. They bring together all the papers
and funds for the transaction from the realtors for the buyer, seller
and the lender. The seller gives title of to the property to the buyer
and gets his purchase price - less any deductions. The buyer gives the
balance of the purchase price and gets title and keys to the property.
The escrow officer ensures that all the papers are signed in the correct
places and disburses checks to the involved parties to cover commissions,
fees and other associated costs.
You Looking For Coastal Property?
Let me help you find property in Lincoln
County - beach, city or country
David Timme, Owner/Broker,
GRI, e-PRO, RECS cell 541-961-8025
Coastal Oregon Real Estate Sales
836 SW Bay Boulevard Newport, Oregon
Office Phone 541 574 0096 x 11
Office FAX 541 574 0402
Once the process is
complete, everyone is a winner. The seller has his sale proceeds; you
the Buyer have your new home at the coast; and the service industries
collect their fees. To simplify your part of the process, see a realtor
to find what is available, help make the offer, and finalize your purchase.
This is an ongoing
column discussing subjects of interest relating to Oregon Coast Properties.
In future issues, we will be covering other home-buying subjects. Generally,
we will cover anything of interest to someone looking for property in
this area. If you like my column, see
my web site here.
Letters to this column
will be answered - or the subject matter covered - in future issues.
to Oregon Coast Real Estate Guide
INTO LUXURY, HISTORY AT THE TIDES
TIDES BY THE SEA, Seaside. For over 80 years, The Tides has
been a favorite of Seaside visitors. History meets modern luxury
here. 51 oceanfront condos, individually owned and decorated. Find
suites for couples, small apartments with fireplaces and kitchenettes,
one or two bedroom family units with fireplaces, kitchens and dining
rooms. There are wonderful oceanview cottages that sleep anywhere
from two to eight people, with two bedrooms, some with lofts, fireplaces
Meanwhile, the heated outdoor pool, enormous grounds with picnic
tables and location at the quiet southern end of Seaside make for
some memorable means of play and repose. 2316 Beach Drive. 800-548-2846.
CLIFFTOP IN NEWPORT
POINT is located on the Central Oregon Coast - in Newport
- and offers only the finest in luxury condominium lodging. At Starfish
Point, every unit is focused on the beauty of the sea and the beach.
All of the units boast two bedrooms, two bathrooms, designer kitchens,
wireless broadband Internet, fireplaces, Jacuzzi’s and private
decks - surrounding you in soothing relaxation. We have a friendly
staff dedicated to high quality and superb customer service. 140
NW 48th Street, Newport. (541) 265-3751. (800) 870-7795. www.starfishpoint.com
Paradise Suites & Vacation Rentals - Seaside
Unique Luxury Accommodations in Seaside. 1BR Suites,
1BR & 2BR Duplex Units and 3BR Houses, units for 2-8 people.
Rent our entire property for 20-26. All units close to beach, river
and Broadway St.
Suites are designed for two adults; vacation rental units for families.
All units have kitchen and many have fireplace, deck and jetted
tub. Enjoy comfy robes & slippers, luxury bath amenities, quality
linens and more. See us on The Travel Channel's "Great Escapes"
show in August 2006. 741 S. Downing St., Seaside. 800-738-6691.
Sands Condominium Motel, Lincoln City. Getting a free,
fresh baked cookie upon check-in is just the beginning. Every room
is beachfront, and it's all right up against Lincoln City's most
famous stretch of beach, next to the D River. Each room, comes as
a suite or mini-suite, and has a kitchen and balcony or patio. Some
have gas fireplaces, while all have a DVD Players with movies available
for renting (and movie rentals come with free popcorn). There's
a heated indoor pool, a spa, and this fabulous beach is lit at night.
Rooms sleep anywhere from two, four to six - including a deluxe
fireplace suite. Gift certificates are available, and they offer
special occasion packages as well. To make a reservation and see
a virtual tour of the rooms, visit our website at www.dsandsmotel.com.
171 S.W. Highway 101. 800-527-3925.
City Vacation Homes
There’s something for everyone
among this selection of wondrous homes: smaller homes with a view
to a large house that sleeps 15. All the homes are either oceanfront
or just a few steps away from the sand – all with a low
bank access and fantastic views. Most are in the Nelscott area;
one is close to the casino. You’ll find a variety of goodies,
depending on the home: fireplaces, multiple bedrooms, dishwashers,
Jacuzzis, washer/dryers, hot tubs, cable TV, VCR, barbecues; there’s
a loft in one, and another sprawling home has two apartments.
Pets are allowed in some homes – ask ahead. Each comes with
complete kitchens so you’ll have a home away from home.
Most have the seventh night free. Prices range from winter $85
to summer $230 per night. www.getaway2thecoast.com.
Coast Real Estate Watch: Finding Oceanfront Property A
number of spots meeting the beachfront criteria are still available
Storm Watch Spots on Oregon's Coast Tips for some
stunning viewing of the wild waves of the season
or Night Mysteries and Merriment on Oregon Coast It's
more than just nightlife that comes to life, but the beaches offer major
Wines and Wine Bars on the Oregon Coast Wine shops
and wine bars are a growing part of coastal tourism
to Oregon Coast Real Estate Guide