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Oregon Coast Real Estate: Find Oceanfront Property on the Oregon Coast |
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Secrets of the Season |
Oregon Coast Real Estate Watch: Finding Oceanfront Property
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| Prime property above the ocean with mountain and sea views, Manzanita |
By David Timme, BeachConnection.net Real Estate Columnist
Oceanfront properties for sale, while limited, are still available on the Central Oregon Coast. A number of properties meeting the beachfront criteria are still available for well under the magic million-dollar price tag.
One way to initially find these rare properties is on the Internet at www.realtor.com. While, the designation "Oceanfront" does not exist on the Realtor.com search engine, there is a search listing for "Waterfront" property. This is a broader listing for all properties with water frontage - stream, river, lake, bay, or ocean. A Realtor.com search in Northern California coastal communities returns only a handful of oceanfront properties, (waterfront), almost all of them over the million dollar mark. They are scarce and pricey. Generally the Oregon properties are more plentiful and much less expensive.
Is Oregon in an Oceanfront property market that is still generally undervalued and disappearing?
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 |
Realtor.com is the official site of the National Association of Realtors. On this one site appear abbreviated listings taken periodically from all the Multiple Listing Services across the entire United States. A search can be performed on this one site and properties of interest can be located and can then be inquired about by a phone call to the Real Estate office referenced in the listing and the Realtor that has listed the property. Once the Realtor is contacted, much more detail is available and can be e-mailed or snail-mailed to you for your information.
The price put on a property is the result of what the Seller feels the property is worth in its current condition and what is believed a willing buyer will pay to have ownership of that property. The price will reflect all the things the owner knows needs to be done to make the property ready to sell. Maybe a new roof is needed, maybe a new coat of paint inside and out, or a property survey. These things all have dollar value price tags and will have been adjusted for in the offering price.
A prospective buyer comes along and immediately starts taking the cost of fixing the roof, re-painting insides and out, or surveying the property, off of the list price that has already been reduced to allow for these expenses. This starts the negotiating process and either a mutually agreeable price will be arrived at or the sale falls through and the Buyer goes on to look at different properties while the Seller continues to wait for a Buyer that will meet his price.
Available negotiating
tools, once the Sale Agreement is offered, are Addendums to add to the
Sale Agreement and Counter Offers, from both the Seller and the Buyer
in turn, to change the Sale Agreement. These may be required once the
results of a professional inspection or report are known, or other considerations
necessary to reach a mutual agreement.
The risks associated with selling or buying a suitable piece of property is the Seller may undervalue or overvalue the property, especially if they are acting as an un-represented seller. Unless knowledge of the market is considered, a property may be undervalued - or overvalued - in price when compared with similar active and sold properties on the market. Or, a buyer may not know everything to look for when making an offer on a property or may offer too little to interest the Seller and be rejected, or too much and overpay for the property.
An
oceanfront property may be 2 to 3 times, or more, the price of a similar
property without the oceanfront location. This is justified by having
the beach, or rocks, out your doorway and the uninterruptible ocean view
that goes with the oceanfront location.
Finally, the market value for any property is the cash price a willing Buyer and a willing Seller will agree upon, given reasonable exposure of the property to the market place, full information as to the potential uses of the property, and no undue compulsion to act.
David Timme is a real estate agent at Coastal Oregon Real Estate Sales in Newport. He can be reached at www.CoastalOregonRealEstateSales.com or 541 574 0096 x 11.
Back to Oregon Coast Real Estate page and listings
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INTO LUXURY, HISTORY AT THE TIDES THE
TIDES BY THE SEA, Seaside. For over 80 years, The Tides has
been a favorite of Seaside visitors. History meets modern luxury
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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
and kitchens. |
Inn At Spanish Head, Lincoln City. It's Lincoln City’s only resort hotel built right on the beach with all oceanfront rooms - nestled against a rugged cliffside overlooking a soft, sandy beach. Enjoy dining in the penthouse restaurant and bar - whether you’re in the mood for a casual meal or a candlelight dinner. They offer an array of seafood specialties, juicy steaks and other Northwest favorites, including a decadent Sunday buffet. Rooms range from bedrooms to studios to one-bedroom suites with microwaves and refrigerators to full kitchens. Hotel amenities include wi-fi, spa, saunas, exercise room and a year-round heated swimming pool. Kids will love the game room and easy beach access. Full-service conference and meeting rooms for that inspirational retreat; extensive, gorgeous wedding possibilities. Near the south end of Lincoln City at 4009 SW Highway 101. 1-800-452-8127 or 541-996-2161. www.spanishhead.com |
BREATHTAKING
CLIFFTOP IN NEWPORT STARFISH
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. |
Weiss' Paradise Suites & Vacation Rentals - Seaside
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D 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. |
Lincoln 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. 541-994-8778. |
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