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Roseburg OR Real Estate For Sale
941 Colonial Road, Roseburg, OR  97471


 

 

 

 

 

 

 

Welcome home to 941 Colonial Road, a beautiful one level home offering privacy and fantastic views of Lookingglass Valley! Recently updated with solid oak hardwood floor, knotty pine interior doors, knotty alder cabinetry throughout, plus soaring high ceilings and an open floor plan made for entertaining! The tastefully updated kitchen is sure to whet your appetite with new granite countertops and appliance, plus an eating bar where guests can join the chef. Vaulted ceilings highlight the living and dining rooms with lots of windows providing tons of natural light. A spacious family room adds additional living space perfect for the kids and teenagers. Grab a good book and enjoy the cozy nook with wood stove. Restful master suite with walk closet and private bath. Two secondary bedrooms allow room to grow featuring plush carpeting and plentiful closet space. This very private 5 acre setting is gated, fenced and cross fenced with plenty of room for animals, plus an awesome finished 36x24 shop with RV parking. Move right in and enjoy all this wonderful Roseburg OR property has to offer – opportunity is knocking!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of
Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Roseburg OR Real Estate For Sale
1982 NW Crest Court, Roseburg, OR  97471


 

 

 

 

 

 

 

One of a kind architecture and location in this mid-century modern home in desirable Hucrest! Gorgeous hardwood floors, soaring high ceilings, wood burning fireplace, built ins and a flowing floor plan highlight 1982 NW Crest Court, all in a very private location surrounded by mature trees. Floor to ceiling windows provide scenic views of the city, valley and surrounding foothills creating an elegant atmosphere for everyday living and entertaining in the great room. Sunny kitchen with quartz counters, bamboo floors, recessed lighting, abundant cabinet and counterspace, plus a dining area with deck access. Spacious master suite to relax at days end with plush carpeting, plentiful closet space and built in drawers. A lower level family room offers endless possibilities and tons of extra living space. Outdoor enjoyment on the concrete patio, deck, beautiful rock walls and large backyard with scattered oak trees perfect for grilling and chilling. Make your appointment today to see this unique home in Roseburg OR!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of
Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Why Is There So Much Paperwork to Sign to Get a Mortgage?

by Mary Gilbert

Why Is There So Much Paperwork to Sign to Get a Mortgage? | Keeping Current Matters

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.

Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

1. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage.

During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again.

2. The banks don’t want to be in the real estate business.

Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation.

The housing crash that mandated that banks be extremely strict on paperwork requirements also allows you to get a mortgage interest rate as low as 3.43%, the latestreported rate from Freddie Mac.

The friends and family who bought homes ten or twenty ago experienced a simpler mortgage application process but also paid a higher interest rate (the average 30 year fixed rate mortgage was 8.12% in the 1990’s and 6.29% in the 2000’s). If you went to the bank and offered to pay 7% instead of less than 4%, they would probably bend over backwards to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.

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How Scary is the Housing Affordability Index?

by Mary Gilbert

How Scary is the Housing Affordability Index? | Keeping Current Matters

Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

Here is how NAR defines the index:

“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.”

Basically, a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median priced home, based on the price and mortgage interest rates at the time. Anything above 100 means the family has more than enough to qualify.

The higher the index the easier it is to afford a home.

Why the concern?

The index has been declining over the last several years as home values increased. Some are concerned that too many buyers could be priced out of the market. Here is a snapshot of the index since 2009:

How Scary is the Housing Affordability Index? | Keeping Current Matters

But, wait a minute…

Though the index has decreased over the last four years, we must realize that at that time there was an overabundance of housing inventory and as many as one out of three listings was a distressed property (foreclosure or short sale). All prices dropped dramatically and distressed properties sold at major discounts. Then, mortgage rates fell like a rock.

The market is recovering and values are coming back nicely. That has caused the index to fall.

However, let’s remove the crisis years and look at the current index as compared to the index from 1990 – 2008. We can see that, even though prices have increased, historically low mortgage rates have put the index in a better position than every year for the nineteen years prior to the crash.

How Scary is the Housing Affordability Index? | Keeping Current Matters

Bottom Line

The Housing Affordability Index is in great shape and should not be seen as a challenge to the real estate market’s continued recovery.

 

2 Myths About Mortgages That May Be Holding Back Buyers

by Mary Gilbert

2 Myths About Mortgages That May Be Holding Back Buyers | Keeping Current Matters

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.

Myth #1: “I Need a 20% Down Payment”

Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.

Many believe that they need at least 20% down to buy their dream home. New programs actually let buyers put down as little as 3%.

Below are the results of a Digital Risk survey of Millennials who recently purchased a home.

2 Myths About Mortgages That May Be Holding Back Buyers | Keeping Current Matters

As you can see, 64.2% were able to purchase their home by putting down less than 20%, with 43.8% putting down less than 10%!

Myth #2: “I need a 780 FICO Score or Higher to Buy”

The survey revealed that 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary to qualify.

Many Americans believe a ‘good’ credit score is 780 or higher.

To help debunk this myth, let’s take a look at the latest Ellie Mae Origination Insight Report, which focuses on recently closed (approved) loans. As you can see below, 54.1% of approved mortgages had a credit score of 600-749.

2 Myths About Mortgages That May Be Holding Back Buyers | Keeping Current Matters

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach.

 

Roseburg OR Real Estate For Sale
995 Forest Heights Street, Sutherlin, OR  97479

 

 

 

 

 

 

 

Act fast and be the first to live in this brand new one level home in Forest Heights! This 3 bedroom, 2 full bath ranch is nearing completion and includes durable tile floors, high ceilings, neutral colors, spacious rooms, laundry room with built ins and an attached 2 car garage. Well appointed kitchen with gorgeous granite countertops and gas appliances make meal prep a breeze! The large great room is host to endless entertaining opportunities, dining room for formal gatherings. Beautiful master suite with walk in closet and private bath. Two generously sized secondary bedrooms feature plush carpeting and abundant closet space, plus use of a shared full bathroom. Private patio at rear of the home to enjoy the wonderful westerly views of the valley and city. Front yard landscaping included! Be the first to see this brand new home in Sutherlin OR!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of
Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Roseburg OR Real Estate For Sale
219 Mystic Avenue, Oakland, OR  97462


 

 

 

 

 

 

 

Lovely manufactured home situated on a 1 acre parcel with room for animals, a garden, a shop and more! Offering a flowing floor plan with plenty of space for comfortable everyday living, 219 Mystic Ave features 3 bedrooms, 2 full baths, soaring high ceilings, neutral paint colors, tons of natural light, new roof (2012), water heater and dishwasher making this a super buy! Delightful eat in kitchen with tons of cabinet and counter space, pantry, center island with eating bar, and easy care flooring. The living room with vaulted ceilings and dining room set the scene for entertaining guests and family enjoyment. Three generously sized bedrooms with plush carpeting offer privacy and space to grow including the master with vaulted ceiling, walk in closet and private bath. Enjoy the outdoors from the roomy front deck, plus a covered deck at the rear of the home – great for BBQs! Well for yard irrigation. Come take a look and start living the good life in Oakland OR!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of
Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

4 Stats That PROVE This Is NOT 2005 All over Again

by Mary Gilbert

4 Stats That PROVE This Is NOT 2005 All over Again | Keeping Current Matters

Recent research by the National Association of Realtors (NAR) examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags.

  1. Price to Rent Ratio
  2. Price to Income Ratio
  3. Mortgage Transactions
  4. House Flipping

All four categories were outside historical norms in 2005. Home prices were way above normal ratios when compared to both rents and incomes at the time.

NAR explained that mortgage transactions as a percentage of all home sales were also at a higher percentage:

“Loose credit was one of the main culprits of the housing crisis. Mortgage lending expanded dramatically as unhealthy housing speculation reached its peak and was met by the highest level of credit availability as measured by the Mortgage Bankers Association. The index measures the overall mortgage credit condition by the share of home sales financed by mortgages. This metric does not capture credit quality, but it does set a view of the importance of financing in supporting the housing market.”

House flipping was rampant in 2005. As NAR’s research points out:

“Heightened flipping activity is a clear indication of speculation in the real estate market. A property is considered as a speculative flip if the property is sold twice within 12 months and with positive profit. Flipping is a normal part of a healthy housing market. In an inflated housing market, expectations about short-term profit from pure price appreciation are very high; therefore, the level of flipping activity would show evidence of being heightened.”

Here are the categories with percentages reflecting the unrealistic ratios & numbers of 2005 as compared to the current market. Remember, a negative percentage reflects a positive gain for the market.

4 Stats That PROVE This Is NOT 2005 All over Again | Keeping Current Matters

Bottom Line

They say hindsight is 20/20… Today, experts are keeping a close watch on the potential red flags that went unnoticed in 2005.

 

Roseburg OR Real Estate For Sale
745 Page Road, Winchester, OR  97495


 

 

 

 

 

 

 

Sophisticated formal living with a relaxing ambiance awaits the lucky buyer of this beautiful custom built home on a picture perfect lot! Highlighted with soaring high ceilings, gleaming hardwood floors, pellet stove, stained glass, skylights, arched entryways, neutral colors, spacious rooms, modern fixtures, recessed lighting and an entertainers layout, this one level home is sure to impress! Style and utility are masterfully fused together in the gourmet kitchen with gorgeous granite countertops, island with eating bar, gas appliances, walk in pantry and dining area with deck access. The great room is characterized by a keen sense of elegance and comfort creating an atmosphere for all to enjoy. A private master suite meets all your needs offering plush carpeting, walk in closet, his and her vanities and a tub/shower. Two additional bedrooms are generously sized and share a full bathroom. Large laundry room with built ins and a sink to help keep you organized. A finished shop with plenty of storage, RV parking with electric and sewer hook ups, plus an attached 2 car garage is the dream of every hobbyist! Brilliantly designed outdoor living includes a stamped concrete patio, kitchen area, gazebo, fireplace and beautifully manicured grounds – backyards do not get much better than this! An oasis that is sure to sweep you away in Winchester OR, make your appointment today!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of
Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Roseburg OR Real Estate For Sale
448 W Alpha Street, Roseburg, OR  97471


 

 

 

 

 

 

 

 

This charming one level bungalow on the Westside is just waiting for one lucky buyer to arrive! Beautiful wood floors, built ins, neutral paint colors, plus updated vinyl windows, kitchen cabinets and white wash ceilings are just a few of the perks 448 W Alpha Street has to offer. Large living room flows into the dining area creating a great space for entertaining guests. Sunny and bright, the kitchen provides plenty of cabinet and counter space, recessed lighting and open shelving for a modern feel. Spacious bedrooms with plush carpeting and abundant closet space offer plenty of room to grow and privacy for all. Crisp and clean full bath with vanity, tub/shower and storage. Grilling and chilling on the rear patio will be a delight while overlooking the peaceful yard. Enjoy this quiet, dead end street location while still being convenient to the elementary school and parks. Do not hesitate, make your appointment today to see this hidden gem in Roseburg OR!

Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. 

Mary, Licensed Realtor in Oregon brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of
Keller Williams Realty Eugene Springfield will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

Displaying blog entries 1-10 of 19

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Contact Information

Photo of Mary Gilbert Real Estate
Mary Gilbert
Keller Williams Realty Umpqua Valley
2365 NW Kline Street, Suite 201
Roseburg OR 97471
541-371-5500
Fax: 541-371-5501

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