Posts made by author 'Keith Petersen'

Recreational Marijuana Became Legal in Central Oregon

On July 1, 2015, recreational marijuana became legal in Oregon for adults 21 and over. It's important to know the facts. Included below are the state rules for recreational marijuana, as well as local regulations in Central Oregon cities and counties related to the sale and distribution of marijuana. Local regulations impacting the commercial side of the cannabis industry vary by city so be sure to check with yoru jurisdiction to determine what is permissible.

21+ = Legal age to possess, use and buy

4 = Plants permitted per property

8 = Ounces of usable marijuana permitted in one's home

1 = Ounce allowed "on your person"

Public use of marijuana is illegal, allowed only at home or on private property

Recreational law does not a...

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Bend Oregon Inclusionary Zoning FAQ

Definition
Inclusionaryzoning(or inclusionary housing as it is alsoknown)is a term which refers tomunicipal and county planningordinancesthat require a given share of newconstruction to be affordable forpeople with low to moderate incomes.

Issue Overview
Inclusionary Zoning is an impactful policy, the effects of which could be detrimental to central Oregon communities within thecontext of thecurrent affordable housing crisis. Price-controlling a designated amount of units within a specified area will ultimately result in the opposite of the desired effect –pricing out the middle-class buyer and creating a steep entrance into the housing market.

Until recently, a statutory preemption existed in Oregon which banned Inclusionary Zoning. However, during the 2016 short session, state lawmakers approve...

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Central Oregon Real Estate Market Update

The real estate housing market in Bend was still going strong in October with a median sales price per sq. ft for single family residence of $254, that's up from the previous month when it was t $231. Days on market for sold properties increased a bit from 77 to 86 days in October.
Sales did slow in September from 252 the previous month to 213 and then shot back up in October to 220 sales.  Amazing enough the median sales price is higher in October at $471 than it was in July at $470.

Now is a great time to put your home on the market if you wanting to sell, the market is still strong and there is less inventory.

In bend if your looking for a home under $300k there is not much to choose from, only 4 homes on the market between $250 - $300 and there is none under the $250 price p...

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Sunriver Owners Association in Search of New General Manager

During the annual Sunriver Association meeting Hugh Palcic who is the general manager now at the Sunriver Owners Association officially announced his retirement from the association.

The Sunriver Association board has formed a committee called the GM Search Task Force; this committee has updated the positions job description outlining the extensive qualifications required for placement.

Former manager Hugh Palcic was with the association since 1998, he started as a compliance inspector/ code enforcement officer in the community development department then moved into the department's director position in 2006. In 2010 Palcic was promoted to Sunriver Owners Association assistant general manager and has been since 2013.

Do you know what i...

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Pricing Your Home Right Is Key To Getting It Sold

When selling your home, you want at minimum, the sales proceeds to pay off your mortgage and cover your closing costs and fees. Ideally you would like to make some extra profit for your upcoming home purchase or whatever else you have in mind.

If you want offers to come in that live up to your expectation you should consider strategically pricing your home below market value. So many times sellers have tunnel vision and can't see past the asking price and will list with the real estate agent that tells them the most they can list their home for when really the better strategy would be to find an agent that markets well and knows how to deal with multiple offer and list your home below market value, NOT above. This i...

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