61875 Broken Top Dr Unit 8, Bend, OR

61875 BROKEN TOP DR. UNIT 8 BEND, OR 97702 Gena Gordzelik Broker, Licensed in Oregon

503-201-4303 gena.gordzelik@windermere.com

TABLE OF CONTENTS Property Details Maps Local Schools Community Utilities & Resources Title & Escrow Covenants, Conditions & Restrictions

The information contained is provided by WFG’s Customer Service Department to our customers, and while deemed reliable, is not guaranteed.

PROPERTY DETAILS

61875 BROKEN TOP DR UNIT 8 BEND OR 97702

184913 DESCHUTES COUNTY OR

Owner Information Owner Name:

MCGOVERN KEVIN B / MCGOVERN JILL K

Vesting:

HUSBAND AND WIFE

Mail Address:

OR

Owner Status: Location Information

Legal Desc:

COURTYARDS AT BROKEN TOP LOT 8

County:

DESCHUTES

Census/Block: /

Alt Parcel #

181101-AD-00800

School District: BEND-LA PINE ADMINISTRATIVE 1

Tsp-Rng-Sec:

T18S-R11-S01

Municipality:

Lot / Block:

Lot: 8 Block:

Parcel #:

184913

Housing Tract: COURTYARDS AT BROKEN TOP Last Market Sale Date:

2005-08-15/2005-07-26

Lender:

HYPERION CAPITAL GROUP LLC

Sale Price:

349000

Loan:

226850

Document #: 2005.53524

Document #: 2005.53525

Doc Type:

WARRANTY DEED

Loan Type:

$ Sqft:

$189.67

Loan Term:

CONVENTIONAL

Prior Sale Information Date:

/

Lender:

Price:

Loan:

Document #:

Document #:

Doc Type:

Loan Type:

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Property Characteristics Gross Area:

1840

Garage Area:

Interior Wall

Living Area:

1840

Roof Shape:

Porch Type:

Above Grade: 1,840

Foundation:

CONCRETE

Patio Type:

DECK

Bedrooms:

2

Roof Material: TILE

Air Cond:

Bath (F/H):

2/

Construction:

Fixtures:

Fireplace:

WOOD STOVE

Heat Type:

Year Built:

1994

Cooling Type:

Equipment:

Exterior Wall:

Stories:

2

Rooms:

Pool:

No

Quality:

Condition:

Parking Type: Garage Units:

1

Basement:

GAS

Floor:

Property Information Land Use:

SFR

County Use:

RESIDENTIAL IMPRO State Use:

RESID

Zoning:

GI

Lot Acres:

0.06

Lot Sqft:

2,614

Len/Wid:

/

Tax and Assessment Information Assd Year:

2020

Assd Value:

$392,090

Taxable Val:

$392,090

Tax Year:

2020

Land Value:

$118,850

Mkt Value:

$392,090

Tax Area:

1001

Imp Value:

$273,240

Exemption:

Property Tax:

$5,907.94

Improved %:

70%

District:

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702

184913 DESCHUTES COUNTY OR

Averages Avg Bedrooms

Avg Bathrooms

Avg Sqft

Avg Price

Avg $Sqft

2016

1.00

3.40

1,949

$470,200

$241

2017

2.00

3.14

1,786

$452,143

$253

2018

2.00

3.14

1,845

$516,636

$280

2019

2.00

3.67

1,940

$517,833

$267

2020

2.00

3.14

1,828

$522,071

$286

Average Sale Price $470,200

$452,143

2016

2017

$516,636

$517,833

$522,071

2018

2019

2020

$280

$267

2018

2019

Average $ Per Square Foot

$241

$253

2016

2017

$286

2020

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Population by Age

50,164

12%

12%

10%

12%

12%

13%

14%

11%

0-9

10-19

20-29

30-39

40-49

50-59

60-69

70+

Household Income

19,563

14.4%

21.2%

17.1%

17.9%

14.2%

8.1% $0 - $24K

$25K - $49K

$50K - $74K

Education No Diploma: High School: Some College: Bachelor's Graduate's:

$75K - $99K

$100K - $149K $150K - $199K

7.1% $200K Plus

Employment 4.8% 19.3% 36.3% 25.4% 14.2%

Working Age:

38,041 67.6%

Labor Force: Median Income:

$69,895 94.7%

Employed: Unemployed:

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

5.3%

MAPS

ASSESSOR MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly mod� ed by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

STREET MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly mod� ed by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

AERIAL MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly mod� ed by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

CITY BOUNDARY MAP

This map/plat is being furnished as an aid in locating described land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly mod� ed by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

SCHOOLS

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Bend-lapine Administrative Sd 1 Elementary Schools High Lakes Elementary 2500 NW HIGH LAKES LP BEND OR 97701 Grades: KG to 05 Charter School: N Magnet School: U

541-322-5200 Area Desc: Rural: Fringe Distance: 1.08 Miles Title One: N

Amity Creek Elementary 437 NW WALL ST BEND OR 97701 Grades: KG to 05 Charter School: N Magnet School: U Middle Schools Cascade Middle School 19619 MOUNTAINEER WY BEND OR 97702 Grades: 06 to 08 Charter School: N Magnet School: U

541-383-6195 Area Desc: City: Small Distance: 1.12 Miles Title One: N

Pilot Butte Middle School 1501 NE NEFF ST BEND OR 97701 Grades: 06 to 08 Charter School: N Magnet School: U High Schools Summit High 2855 NW CLEARWATER DR BEND OR 97701 Grades: 09 to 12 Charter School: N Magnet School: U

541-383-6260 Area Desc: City: Small Distance: 2.89 Miles Title One: N

Bend Senior High 230 NE 6TH ST BEND OR 97701 Grades: 09 to 12 Charter School: N

541-383-6290 Area Desc: City: Small Distance: 2.07 Miles Title One: N

Magnet School: U

541-383-6230 Area Desc: City: Small Distance: 0.77 Miles Title One: N

541-322-3300 Area Desc: Rural: Fringe Distance: 1.20 Miles Title One: N

Your assigned school should be the first school in each category, but it is recommended you check with the district or school.

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

Bend-LaPine Administrative SD 1 541-355-1000 | 520 NW Wall St, Bend 97703 STUDENTS WE SERVE^

INTRODUCTION

18,647 Student Enrollment

The At-A-Glance School and District profiles tell a story about Oregon’s schools and districts. This year’s profiles do not include statewide assessments data, class size data, or attendance data as a result of the necessary statewide school closures and the implementation of Distance Learning for All. The profiles present all available data not impacted by the state’s response to COVID-19.

^Student enrollment as of October 1, 2019

DEMOGRAPHICS American Indian/Alaska Native Students: 1% Teachers: 1%

ACADEMIC SUCCESS

Asian Students: 1% Teachers: 1% Black/African American Students: 1% Teachers: <1% Hispanic/Latino Students: 12% Teachers: 5% Multiracial Students: 4% Teachers: <1% Native Hawaiian/Pacific Islander Students: <1% Teachers: <1% White Students: 82% Teachers: 93%

ON-TIME GRADUATION Students earning a diploma within four years. Cohort includes students who were first-time ninth graders in 2015-16 graduating in 2018-19.

District: 81%

Oregon Average: 80%

FIVE-YEAR COMPLETION Students earning a high school diploma or GED within five years.

District: 91%

Oregon Average: 86%

OUR STAFF (ROUNDED FTE) 65 Administrators 869 Teachers 221 Educational assistants 45 Counselors/Psychologists 5 Licensed Librarians 90% of licensed teachers with more than 3 years of experience

District website: www.bend.k12.or.us For more information please visit: www.oregon.gov/ode/reports-and-data/ | Seismic Safety: www.oregongeology.org/sub/projects/rvs/activity-updates/status.html * Fewer than 10 students or data unavailable.

Institution ID = 1976

Bend-LaPine Administrative SD 1 541-355-1000 | 520 NW Wall St, Bend 97703 OUTCOMES On-Time Graduation and Five-Year Completion rates separated by student group.

ON-TIME GRADUATION

FIVE-YEAR COMPLETION

American Indian/Alaska Native: ......................................................... 50%

American Indian/Alaska Native: ......................................................... *

Asian: .................................................................................................. 93%

Asian: .................................................................................................. 91%

Black/African American: ..................................................................... 67%

Black/African American: ..................................................................... 82%

Hispanic/Latino: ................................................................................. 69%

Hispanic/Latino: ................................................................................. 83%

Multiracial: .......................................................................................... 84%

Multiracial: ......................................................................................... 88%

Native Hawaiian/Pacific Islander: ...................................................... *

Native Hawaiian/Pacific Islander: ...................................................... *

White: ................................................................................................. 83%

White: ................................................................................................. 93%

Free/Reduced Price Lunch: ................................................................. 70%

Free/Reduced Price Lunch: ................................................................ 85%

Ever English Learner: .......................................................................... 69%

Ever English Learner: .......................................................................... 79%

Students with Disabilities: .................................................................. 70%

Students with Disabilities: .................................................................. 79%

Migrant: .............................................................................................. 71%

Migrant: .............................................................................................. 67%

Talented and Gifted: .......................................................................... 94%

Talented and Gifted: .......................................................................... >95%

Female: ............................................................................................... 86%

Female: ............................................................................................... 94%

Male: .................................................................................................. 76%

Male: .................................................................................................. 89%

Non-Binary: Coming in 2021-22

Non-Binary: Coming in 2021-22

William E Miller Elementary Grades: K-5 541-355-2500 | 300 NW Crosby Dr, Bend 97701 STUDENTS WE SERVE^ 559 Student Enrollment ^Student enrollment as of October 1, 2019

DEMOGRAPHICS American Indian/Alaska Native Students: <1% Teachers: 0%

Asian Students: 1% Teachers: 0%

Black/African American Students: <1% Teachers: 0%

Hispanic/Latino Students: 2% Teachers: 0%

Multiracial Students: 3% Teachers: 0%

INTRODUCTION The At-A-Glance School and District profiles tell a story about Oregon’s schools and districts. This year’s profiles do not include statewide assessments data, class size data, or attendance data as a result of the necessary statewide school closures and the implementation of Distance Learning for All. The profiles present all available data not impacted by the state’s response to COVID-19.

REQUIRED VACCINATIONS 90% OUR STAFF (ROUNDED FTE) 28 Teachers 7 Educational assistants 0 Counselors/Psychologists 92% Average Teacher retention rate 93% of licensed teachers with more than 3 years of experience Yes: Same principal for the last 3 years?

Native Hawaiian/Pacific Islander Students: <1% Teachers: 0%

White Students: 94% Teachers: 100%

School website: www.bend.k12.or.us/MILLER For more information please visit: www.oregon.gov/ode/reports-and-data/ | Seismic Safety: www.oregongeology.org/sub/projects/rvs/activity-updates/status.html *Fewer than 10 students or data unavailable Institution ID = 4680

Cascade Middle School Grades: 6-8 541-355-7000 | 19619 Mountaineer Wy, Bend 97702 STUDENTS WE SERVE^ 796 Student Enrollment ^Student enrollment as of October 1, 2019

DEMOGRAPHICS American Indian/Alaska Native Students: <1% Teachers: 0%

Asian Students: 2% Teachers: 0%

Black/African American Students: <1% Teachers: 0%

Hispanic/Latino Students: 10% Teachers: 3%

Multiracial Students: 2% Teachers: 0%

INTRODUCTION The At-A-Glance School and District profiles tell a story about Oregon’s schools and districts. This year’s profiles do not include statewide assessments data, class size data, or attendance data as a result of the necessary statewide school closures and the implementation of Distance Learning for All. The profiles present all available data not impacted by the state’s response to COVID-19.

REQUIRED VACCINATIONS 91% OUR STAFF (ROUNDED FTE) 33 Teachers 6 Educational assistants 3 Counselors/Psychologists 93% Average Teacher retention rate 94% of licensed teachers with more than 3 years of experience Yes: Same principal for the last 3 years?

Native Hawaiian/Pacific Islander Students: <1% Teachers: 0%

White Students: 86% Teachers: 98%

School website: www.bend.k12.or.us/CASCADE For more information please visit: www.oregon.gov/ode/reports-and-data/ | Seismic Safety: www.oregongeology.org/sub/projects/rvs/activity-updates/status.html *Fewer than 10 students or data unavailable Institution ID = 242

Summit High School Grades: 9-12 541-355-4000 | 2855 NW Clearwater Dr, Bend 97701 STUDENTS WE SERVE^

INTRODUCTION

1,688 Student Enrollment

The At-A-Glance School and District profiles tell a story about Oregon’s schools and districts. This year’s profiles do not include statewide assessments data, class size data, or attendance data as a result of the necessary statewide school closures and the implementation of Distance Learning for All. The profiles present all available data not impacted by the state’s response to COVID-19.

^Student enrollment as of October 1, 2019

DEMOGRAPHICS American Indian/Alaska Native Students: <1% Teachers: 3%

ACADEMIC SUCCESS

Asian Students: 1% Teachers: 1% Black/African American Students: <1% Teachers: 0% Hispanic/Latino Students: 6% Teachers: 3% Multiracial Students: 4% Teachers: 0% Native Hawaiian/Pacific Islander Students: <1% Teachers: 0% White Students: 87% Teachers: 94% REQUIRED VACCINATIONS

ON-TIME GRADUATION Students earning a diploma within four years. Cohort includes students who were first-time ninth graders in 2015-16 graduating in 2018-19

School: 90%

District: 81%

Oregon Average: 80%

FIVE-YEAR COMPLETION Students earning a high school diploma or GED within five years.

School: >95%

District: 91%

Oregon Average: 86%

OUR STAFF (ROUNDED FTE) 60 Teachers 8 Educational assistants 5 Counselors/Psychologists 90% Average Teacher retention rate 90% of licensed teachers with more than 3 years of experience No: Same principal for the last 3 years?

93%

School website: www.bend.k12.or.us/SHS For more information please visit: www.oregon.gov/ode/reports-and-data/ | Seismic Safety: www.oregongeology.org/sub/projects/rvs/activity-updates/status.html * Fewer than 10 students or data unavailable.

Institution ID = 3216

Summit High School Grades: 9-12 541-355-4000 | 2855 NW Clearwater Dr, Bend 97701 OUTCOMES On-Time Graduation and Five-Year Completion rates separated by student group.

ON-TIME GRADUATION

FIVE-YEAR COMPLETION

American Indian/Alaska Native: ......................................................... *

American Indian/Alaska Native: ......................................................... *

Asian: .................................................................................................. *

Asian: .................................................................................................. *

Black/African American: ..................................................................... *

Black/African American: ..................................................................... *

Hispanic/Latino: ................................................................................. 73%

Hispanic/Latino: ................................................................................. 82%

Multiracial: .......................................................................................... 88%

Multiracial: ......................................................................................... 92%

Native Hawaiian/Pacific Islander: ...................................................... *

Native Hawaiian/Pacific Islander: ...................................................... *

White: ................................................................................................. 92%

White: ................................................................................................. >95%

Free/Reduced Price Lunch: ................................................................. 74%

Free/Reduced Price Lunch: ................................................................ 89%

Ever English Learner: .......................................................................... 73%

Ever English Learner: .......................................................................... 77%

Students with Disabilities: .................................................................. 82%

Students with Disabilities: .................................................................. 89%

Migrant: .............................................................................................. *

Migrant: .............................................................................................. *

Talented and Gifted: .......................................................................... >95%

Talented and Gifted: .......................................................................... >95%

Female: ............................................................................................... 92%

Female: ............................................................................................... >95%

Male: .................................................................................................. 88%

Male: .................................................................................................. 94%

Non-Binary: Coming in 2021-22

Non-Binary: Coming in 2021-22

COMMUNITY

CITY OF BEND

76,639

POPULATION 2010 Census Data

MALE 49.0%

$40,857

FEMALE 51.0%

36.6

MEDIAN INCOME

MEDIAN AGE

2000 Census Data

2010 Census Data

Bend is a city in and the county seat of Deschutes County, Oregon, United States. It is the principal city of the Bend Metropolitan Statistical Area. Bend is Central Oregon's largest city and, despite its modest size, is the de facto metropolis of the region, owing to the low population density of that area. Bend is located on the eastern edge of the Cascade Range along the Deschutes River. There the Ponderosa pine forest transitions into the high desert, characterized by arid land, junipers, sagebrush, and bitterbrush. Originally a crossing point on the river, settlement began in the early 1900s. Bend was incorporated as a city in 1905. Economically, it started as a logging town but is now identified as a gateway for many outdoor sports, including mountain biking, fishing, hiking, camping, rock climbing, white-water rafting, skiiing, paragliding, and golf.

SCHOOL DISTRICTS 

Bend-La Pine

HOUSING

AGE DEMOGRAPHIC 2010 Census Data     

23.7% under age 18 8.7% between ages 18 to 24 30.0% between ages 25 to 44 25.1% between ages 45 to 64 12.4% above age 65

2010 Census Data  

57.75% of homes owner occupied 42.25% of homes rented

POPULATION DENSITY 2010 Census Data  

1,624.8 inhabitants per sq. mile 22,507 housing units at an average density of 702.9 per sq. mile

CITY QUICK FACTS    

33.32 square miles 3,623 feet elevation Highest Average Temperature 82º Lowest Average Temperature 39º

The name "Bend" was derived from "Farewell Bend", the designation used by early pioneers to refer to the location along the Deschutes River where the town was eventually platted, one of the few fordable points along the river. Until the winter of 1824, the area was known only to Native Americans who hunted and fished there. That year, members of a fur-trapping party led by Peter Skene Ogden visited the area. John C. Frémont, John Strong Newberry, and other Army survey parties came next.

Then pioneers heading farther west passed through the area and forded the Deschutes River at Farewell Bend.

DESCHUTES COUNTY BASE MAP

Your Local Market Report Bend, OR 97702 REPORT FOR 8/6/2021 Condos/Townhomes

Presented by WFG National Title Company reports@wfgnationaltitle.com

Condos/Townhomes

Your Local Market Report WFG National Title Company | oregon.wfgnationaltitle.com

Bend, OR 97702

This week the median list price for Bend, OR 97702 is $950,000 with the market action index hovering around 67.

This is less than last month's market action index of 72.

Inventory has decreased to 9.

Real-Time Market Profile Median List Price

$950,000

Market Action Index

Median Price of New Listings

$499,450

This answers “How’s the Market?” by comparing rate of sales versus

Per Square Foot

$510

Average Days on Market

26

Median Days on Market

28

Price Decreased

33%

Price Increased

0%

Relisted

0%

Inventory

9

Median Rent

$1,505

Market Action

67

inventory.

50

40

Buyer's Market

60

Seller's Market

70

100

10 0

on

67

90

M

ay Tod th

Las t

80

20

30

Strong Seller's Market Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Strong Seller's Market

Market Segments Each segment below represents approximately 25% of the market ordered by price.

Median Price

Sq. Ft.

Lot Size

Beds

Bath

Age

New

Absorbed

DOM

$1,454,500

2,838

6,500 - 8,000 sqft

3

3

4

0

0

31

$1,047,500

1,824

-

2

2

10

0

0

24

$913,875

2,296

6,500 - 8,000 sqft

3

2

2

0

0

49

$549,000

1,395

0 - 4,500 sqft

2

2

26

2

1

0

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Condos/Townhomes

Your Local Market Report WFG National Title Company | oregon.wfgnationaltitle.com

Bend, OR 97702

Median List Price

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last. $1.3M

$1.0M

$750K

$500K

$250K

$0 Aug 2018

Dec 2018

Apr 2019

Aug 2019

Dec 2019

7-Day Average

Apr 2020

Aug 2020

Dec 2020

Apr 2021

Jul 2021

90-Day Average

Segments

In the quartile market segments, we see prices in most of this zip code trending higher in recent weeks but the high-end of the market (Quartile 1) is essentially flat. Look to the Market Action Index Quartile breakdown to see a leading indicator for each quartile. $2.0M

$1.5M

$1.0M

$500K

$0 Aug 2018

Dec 2018

First/Top 90-Day

Apr 2019

Aug 2019

Dec 2019

Second/Upper 90-Day

Apr 2020

Aug 2020

Third/Lower 90-Day

Dec 2020

Apr 2021

Jul 2021

Fourth/Bottom 90-Day

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3 of 6

Condos/Townhomes

Your Local Market Report WFG National Title Company | oregon.wfgnationaltitle.com

Bend, OR 97702

Price Per Square Foot

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop. $600

$500

$400

$300

$200

$100 Aug 2018

Dec 2018

Apr 2019

Aug 2019

Dec 2019

7-Day Average

Apr 2020

Aug 2020

Dec 2020

Apr 2021

Jul 2021

90-Day Average

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

80

60

40

20

0 Aug 2018

Dec 2018

Apr 2019

Aug 2019

Dec 2019

7-Day Average

Apr 2020

Aug 2020

Dec 2020

Apr 2021

Jul 2021

90-Day Average

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4 of 6

Condos/Townhomes

Your Local Market Report WFG National Title Company | oregon.wfgnationaltitle.com

Bend, OR 97702

Market Action Index

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

125

100

75

50

25

0 Aug 2018

Dec 2018

Apr 2019

Aug 2019

Dec 2019

7-Day Average

Apr 2020

Aug 2020

Dec 2020

Apr 2021

Jul 2021

90-Day Average

Market Action Segments

Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.

120

100

80

60

40

20 Aug 2018

Dec 2018

First/Top 90-Day

Apr 2019

Aug 2019

Dec 2019

Second/Upper 90-Day

Apr 2020

Aug 2020

Third/Lower 90-Day

Dec 2020

Apr 2021

Jul 2021

Fourth/Bottom 90-Day

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Condos/Townhomes

Your Local Market Report WFG National Title Company | oregon.wfgnationaltitle.com

Bend, OR 97702

Median Days on Market (DOM)

The properties have been on the market for an average of 14 days. Half of the listings have come newly on the market in the past 11 or so days. Watch the 90-day DOM trend for signals of a changing market.

250

200

150

100

50

0 Aug 2018

Dec 2018

Apr 2019

Aug 2019

Dec 2019

7-Day Average

Apr 2020

Aug 2020

Dec 2020

Apr 2021

Jul 2021

90-Day Average

Segments

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

500

400

300

200

100

0 Aug 2018

Dec 2018

First/Top 90-Day

Apr 2019

Aug 2019

Dec 2019

Second/Upper 90-Day

Apr 2020

Aug 2020

Third/Lower 90-Day

Dec 2020

Apr 2021

Jul 2021

Fourth/Bottom 90-Day

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61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Animal - Rescue Name

Address

Lapaw Animal Hospital PC

1288 SW Simpson Ave

Animal - Services Name

Address

LA Paugh, Deborah A DVM - LA Vandaveer, Marie DVM - Bush A

Telephone

Distance

877-395-7472

0.43 Mi

Telephone

Distance

1288 SW Simpson Ave, #G

541-389-3902

0.43 Mi

530 SW Mill View Way, #1

541-382-7671

1.18 Mi

Urich, Rex W - Home Comfort V

61535 S Highway 97, #3

541-848-3773

1.85 Mi

Parchman, Mark B DVM - Bend V

1245 SE 3rd St, #c3

541-312-2114

1.86 Mi

Loomis, Susan C DVM - Deschut

25 NW Olney Ave

541-382-2481

1.91 Mi

Banks Name

Address

Telephone

Distance

Libertybank

200 SW Century Dr

541-382-3686

0.32 Mi

US Bank

86 SW Century Dr

541-633-1200

0.34 Mi

Community First Capitol Group

339 SW Century Dr, #201

541-385-0569

0.36 Mi

West Coast Bank

377 SW Century Dr

541-318-0133

0.39 Mi

Umpqua Bank

390 SW Century Dr

541-312-6061

0.40 Mi

Coffee Shops Name

Address

Telephone

Distance

Starbucks: Safeway-Bend #1888

320 SW Century Dr

541-389-0085

0.38 Mi

Starbucks

320 SW Century Dr, #200

541-312-0154

0.38 Mi

Alpine Espresso

981 NW Galveston Ave

541-312-5199

0.80 Mi

Backporch Coffee Roasters LLC

1075 NW Newport Ave

541-617-3984

1.09 Mi

Strictly Organic Coffee Compa

6 SW Bond St

541-383-1570

1.10 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Coffee Shops Name

Address

Telephone

Distance

Credit Unions Name

Address

Telephone

Distance

Mid Oregon Credit Union

1386 NE Cushing Dr

541-382-1795

3.78 Mi

Selco Community Credit Union

501 NE Bellevue Dr

541-312-1800

3.81 Mi

Eating and Drinking Places Name

Address

Telephone

Distance

Village Baker

1470 SW Knoll Ave, #201

541-318-1054

0.29 Mi

Baldy's Barbeque

235 SW Century Dr

541-385-7427

0.33 Mi

McDonald's

220 SW Century Dr

541-389-8324

0.33 Mi

Hurricane's

133 SW Century Dr, #204

541-385-9179

0.33 Mi

The Spice Box - Cusine of Ind

133 SW Century Dr

541-419-2542

0.33 Mi

Golf Courses Name

Address

Telephone

Distance

Broken Top Club

62000 Broken Top Dr

541-383-8200

0.36 Mi

Broken Top Club

61999 Broken Top Dr

541-383-0868

0.49 Mi

Awbrey Glen Golf Club

2500 NW Awbrey Glen Dr

541-388-8526

2.21 Mi

Bend Golf & Country Club

61045 Country Club Dr

541-382-7437

2.88 Mi

Widgi Creek Golf Club

18707 Century Dr

541-382-4449

3.27 Mi

Grocers and Supermarkets Name

Address

Telephone

Distance

Ray's Food Place

210 SW Century Dr

541-318-7297

0.32 Mi

Safeway Food & Drug - Bend- P

320 SW Century Dr

541-383-6509

0.38 Mi

Jackson's Corner

845 NW Delaware Ave

541-647-2198

1.05 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Grocers and Supermarkets Name

Address

Telephone

Distance

Newport Avenue Market Devore's Goodfood

1121 NW Newport Ave

541-382-3940

1.07 Mi

1124 NW Newport Ave

541-389-6588

1.07 Mi

Health Clubs and Spas Name

Address

Telephone

Distance

Rebound Sports Performance La Shape & Tone For Women

100 SW Century Dr, #155

541-585-1500

0.33 Mi

1288 SW Simpson Ave

541-388-2868

0.43 Mi

Mt Bachelor Ski Education Fou

563 SW 13th St, #201

541-388-0002

0.54 Mi

Core Sports Wellness Spinal

336 SW Cyber Dr, #107

541-389-6595

0.66 Mi

Mt Bachelor Fitness Shop

1227 NW Galveston Ave

541-382-4000

0.70 Mi

Hospitals - Acute Care Name

Address

St Charles Medical Center - B

2500 NE Neff Rd

Nursing Homes Name

Address

Cascade View Nursing Harmony House Nursing Home

Telephone

Distance

541-382-4321

3.61 Mi

Telephone

Distance

119 SE Wilson Ave

541-382-7161

1.65 Mi

2366 NW Lakeside Pl

541-382-0479

2.27 Mi

Pilot Butte Rehabilitation Ce

1876 NE Highway 20

541-382-5531

3.14 Mi

Offices and Clinics of Chiropractors Name

Address

Telephone

Distance

Wilkens, Jim I DC - Cascade C

477 NE Greenwood Ave

541-382-8866

2.08 Mi

Willems, Doug S DC - Hiskey W

2041 NE Williamson Ct, #A

541-389-7660

3.45 Mi

Offices and Clinics of Dentists Name

Address

Telephone

Distance

Jeffrey R Cornett

1470 Sw Knoll Ave #101

541-317-5732

0.27 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Offices and Clinics of Dentists Name

Address

Telephone

Distance

Marietta J Bajer Cornett, Jeffrey R Dds

1470 Sw Knoll Ave #104

541-383-0093

0.27 Mi

1470 Sw Knoll Ave, #ave-101

541-317-5732

0.29 Mi

Westside Orthodontics

143 Sw Century Dr, #-b

541-383-7101

0.32 Mi

Lynch, Ted

143 Sw Century Dr

541-383-7101

0.32 Mi

Telephone

Distance

Offices and Clinics of Medical Doctors Name Address Lisa Adams LLC

155 SW Century Dr, #102

541-382-7708

0.32 Mi

Lapaw Animal Hospital P C

1288 SW Simpson Ave, #Ave-g

541-389-3902

0.43 Mi

Allison, Dawn S MD - Allison

1510 SW Nancy Way, #1

541-322-9000

0.54 Mi

Serenity Lane Treatment Cente

601 NW Harmon Blvd

541-383-0844

0.79 Mi

Hall, Michael R DDS - Central

1563 NW Newport Ave

541-389-0300

0.94 Mi

Pharmacies Name

Address

Telephone

Distance

Central Oregon Smile Center

1470 SW Knoll Ave #104

541-383-0093

0.27 Mi

Advanced Disc And Spine Healt

1470 SW Knoll Ave

541-318-1632

0.27 Mi

Safeway Inc

320 SW Century Dr

541-389-7184

0.43 Mi

Cascade Medical Imaging Llc

1693 SW Chandler Ave #250

541-598-3218

0.48 Mi

Central Oregon Dermatology, P

1558 SW Nancy Way

541-678-0020

0.51 Mi

Places of Religion Name

Address

Telephone

Distance

Bend Bible Fellowship

1599 NW Galveston Ave

541-389-6097

0.56 Mi

Antioch Church

376 SW Bluff Dr

541-318-1454

1.28 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Places of Religion Name

Address

Telephone

Distance

All Peoples United Church Of Church Of Jesus Christ Of Lds

1287 PO Box

541-388-2230

1.32 Mi

2555 NW Shevlin Park Rd

541-389-1566

1.47 Mi

Unity Community Of Central Or

37 NW Franklin Ave

541-388-1569

1.58 Mi

Retirement Communities Name

Address

Telephone

Distance

Careage House

1290 SW Silver Lake Blvd

541-388-3792

1.43 Mi

Hilltop Healthcare Incorporat

127 SE Wilson Ave

541-317-3544

1.72 Mi

Steve Scott & Co.- Realtors

685 SE 3rd St

541-383-1079

1.80 Mi

Bend Guest Home

1407 NE 10th St

541-382-5239

2.55 Mi

Fox Hollow Independent & Assi

2599 NE Studio Rd #112

541-383-2030

2.75 Mi

Veterinary - Emergency Services Name

Address

Telephone

Distance

Bush Animal Clinic Incorporat

SW Mill View Way

541-382-7671

1.13 Mi

Mt Bachelor Veterinary Hospit

61535 S Highway 97

541-241-7537

1.85 Mi

Alpine Veterinary Clinic LLC

354 NE Dekalb Ave

541-382-8930

1.87 Mi

Bend Veterinary Clinic

360 NE Quimby Ave

541-647-1831

2.22 Mi

The Ark Animal Clinic

706 NE Greenwood Ave

888-314-3880

2.29 Mi

Veterinary - Medicine Name

Address

Telephone

Distance

Colorado Cat Clinic

655 NW York Dr

541-318-9879

1.12 Mi

Sage Veterinarian Alternative

15 NW Franklin Ave

541-312-2360

1.59 Mi

Low Heather Dvm

1245 SE 3rd St

541-550-5969

1.87 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

61875 BROKEN TOP DR UNIT 8 BEND OR 97702 184913 DESCHUTES COUNTY OR

Veterinary - Medicine Name

Address

Telephone

Distance

Blue Sky Veterinary Clinic Bend Spay & Neuter Clinic

20205 Powers Rd

541-383-3833

1.91 Mi

910 SE Wilson Ave

541-617-1010

2.38 Mi

The above is believed to be accurate, but is not guaranteed.

Copyright © 1995-2021 CDS Marketing, Inc.

UTILITIES & RESOURCES

UPDATER Organize and complete all your moving-related tasks! WFG National Title has partnered with Updater, a time-saving free tool geared to simplify and ease the process of moving. Look for a personalized Updater invitation after we complete your Title Report.

Registration is totally optional!

Use Updater to: Forward USPS mail Reserve a mover online Update your accounts Connect utilities Hook up home services Search move-in special ��� Share moving announcements with friends & family

For more information on Updater, visit;

https://wfgoregon.updater.com/sign-up

BEND UTILITIES Emergency/Police/Medical/Fire 911 Poison Control (800) 222-1222 www.aapcc.org United States Postal Service (800) 275-8777 www.usps.com ��ty (800) 266-2278 ww���ity.com Frontier Communications (800) 921-8101 www.frontier.com Verizon (800) 483-4100 www.verizon.com AT&T (800) 288-2020 www.att.com Dish Network (800) 318-0572 www.dish.com DIRECT TV (800) 531-5000 www.directtv.com

The Oregonian (503) 221-8240 www.oregonlive.com The Bulletin (541) 382-1811 www.bendbulletin.com Cascade East Transit (541) 385-8680 www.cascadeeasttransit.com Cascade Natural Gas (888) 522-1130 www.cngc.com P�����er (888) 221-7070 www.�����er.net Bend Water Department (541) 388-5515 www.bendoregon.gov Bend Sewer Department (541) 388-5515 www.bendoregon.gov Cascade Disposal (541) 382-6660 www.cascadedisposal.com Bend-La Pine School District (541) 355-1000 www.bend.k12.or.us

CHANGE OF ADDRESS USPS Below is the website if you would like to change your address online or you can visit your local p���� ce, they will provide you with the change of address packet.

https://moversguide.usps.com �������ill receive when you change your address online are: 

Exclusive mover savings coupons



Safe and secure with identity veri�ation by a simple $1.00 charge to your credit or debt card



Email con���on at the end of registration of your change of address

* Must have valid email address and credit card to register online.

DMV Below is the website if you would like to change your address online or yo����� out the paperwork provided and mail back to DMV at: Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100

www.oregondmv.com/online/index.htm General DMV Information Contact: (503) 299-9999

VOTER REGISTRATION Below is the website if you would like to change your address online or you can ��� ut the paperwork provided and mail it back to your County Elections ����� ted below.

www.oregonvotes.org/votreg/vreg.htm County Elections ����ntacts Deschutes County 1300 NW Wall Street, Suite 202 Bend, OR 97703 (541) 388-6547

MOVING CHECKLIST UTILITIES  Electric  NW Natural Gas  Water District  Sewer District  Garbage Provider  Cable/Satellite  Fuel (Propane)  Phone Services  Internet FINANCIAL INSTITUTIONS  Banks and Credit Unions  Credit Card Companies (including department store credit cards)  Lenders (Mortgage, Home Equity, Auto, Student Loans)  Insurance Companies (Health, Renters, Auto, Home, Medical, Dental, Disability, Life)  Retirement (Pension plans, 401K, Social Security, Veter������  Investments (Investment Agencies and Brokers)  Online Bill Payer  Paypal GOVERNMENT OFFICES  US Post O��  Department of Motor Vehicles (Obtain your driver’s license and change vehicle registration)  IRS  Passport���  Veter���irs  Unemployment ��ce (If you are currently receiving unemployment bene���

HEALTH  Physician  Pharmacies SERVICE PROVIDERS  Childcare  Housecleaning Services  Delivery Services  Lawn Care Services  Veterinarian  Pool Service MEMBERSHIPS  Health Clubs  Membership Clubs (AAA or similar)  Community Groups (PTA, Neighborhood Associations, Civic Clubs)  Children’s Extracurricular Activities (Dance Classes, Music Lesson, Sports Clubs) SUBSCRIPTIONS  Newspapers  Magazine (USPS will only forward 2 months)  Movie Subscriptions (Net� x, Blockbuster, etc)  Book or Music Clubs OTHER  Friends and Family  Employers (typically notify the Human Resources Department)

MOVING CHECKLIST 8 WEEKS BEFORE YOUR MOVE 

Inventory Sheets: Create an inventory sheet of all your belongings which need to be moved



Research Moving Options: You’ll need to decide if yours is a do-it-yourself move or if you’ll be using a moving company.



Request Moving Quote: Solicit moving quotes from as many moving companies and movers as possible. There can be a large di���e between rates and services within moving companies.

Discard Unnecessary Items: Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.





Packing Material: Gather moving boxes and packing material for your move.



Contact Insurance Companies: You’ll need to contact your insurance agent to cancel/transfer your insurance policy.

1 WEEK BEFORE YOUR MOVE 

Your Change of Address: Change your address with the USPS, DMV, Financial Institutions, Utilities, Government ��ces, Health Care Service Providers, Memberships, Subscriptions and Insurance Provisions.



Bank Accounts: Transfer or close bank accounts if changing banks. Make sure to have a money order for paying the moving company.



Service Automobiles: If automobiles are to be driven long distance, you’ll want to have them serviced so you have a trouble-free drive.



Cancel Services: Notify any remaining service providers (newspapers, lawn services, etc.) of your move.



Travel Items: Set aside all items you’ll need while traveling. Make sure these are not packed on the moving truck..



Contact Utility Companies: Set utility turn� date, seek refunds and deposits and notify them of your new address.

4 WEEKS BEFORE YOUR MOVE 

Start Packing: Begin packing all things destined for your new location.



Obtain Your Medical Records: Contact your doctor, physician, dentist and other medical specialists who may currently be retaining any of your family’s medical records. Obtain these records or make plans for them to be delivered to your new medical facilities if changing. Security is critical of personal records.



Note Food Inventory Levels: Check your cupboards, refrigerator and freezer. Use up as much of your perishable food as possible.



Small Engines: Service small engines for your move by extracting gas and oil from the machines. This will reduce that chance to catch��� during your move.



Protect Jewelry and Valuables: Transfer your jewelry and valuables to a safety deposit box; you don’t want them to be lost or stolen during your move.



Borrowed and Rented Items: Return items which you may have borrowed or rented. Collect items borrowed to others.

MOVING DAY 

Plan Your Itinerary: Make plans to spend the entire day at the house or at least until the movers are on their way. Someone will need to be around to make decisions. Make plans for kids and pets to be at a sitters for the day.



Review the House: Once the house is empty, check the entire house (closets, attic, basement, etc.) to ensure no items are left or no home issues exist.



Double Check With Your Mover: Ensure the mover has the new property address and all of your most recent contact information, should they have any questions during your move.



Vacate Your Home: Make sure utilities are �� doors and windows are locked and notify your real estate agent you’ve vacated the property.



Questions To Ask: Where is the garage door opener? Where are the keys to the house, mailbox and other lockable area? Did you retrieve all keys from neighbors and friends?

RESOURCE GUIDE AIRPORT

ELECTRICITY

RECREATION

Roberts Field Airport (541) 504-3499 ���� m.com

Central Electric Cooperative (541) 549-5698 www.cec.coop

Fair & Expo Center (541) 548-2711 www.expo.deschutes.org

AUTO & DRIVER REGISTRATION

Midstate Electric Cooperative (541) 536-2126 www.midstateelectric.coop

Fort Rock Valley Historical Homestead (541) 576-2251 www.fortrockoregon.com

DMV (503) 325-3951 www.odot.state.or.us/dmv/ BUS SERVICE Cascade East Transit (541) 385-8680 www.cascadeeasttransit.com Greyhound (800) 231-2222 www.greyhound.com CABLE TV & INTERNET Verizon (888) 881-8161 www.verizon.com XFINITY (Comcast) (800) 934-6489 www.comcast.com CITY CONTACT Bend (541) 388-5505 www.bendor.gov Redmond (541) 923-7710 www.redmondoregon.gov La Pine (541) 536-1432 www.lapineoregon.gov Sisters (541) 549-6022 www.ci.sisters.or.us

Pac� c Power (888) 221-7070 www.pac�� power.net HOSPITALS St. Charles Medical Center Bend (541) 382-4321 www.stcharleshealthcare.org St. Charles Medical Center Redmond (541) 548-8131 www.stcharleshealthcare.org NATURAL GAS Cascade Natural Gas (888) 522-1130 www.cngc.com

High Desert Museum (541) 382-4754 www.highdesertmuseum.org Sunriver Nature Center (541) 593-4394 www.snco.org Tumalo Creek Park & Float (541) 317-9407 www.tumalocreek.com Wanderlust Tours (541) 389-8359 www.wanderlusttours.com Mt. Bachelor (541) 382-1709 www.mtbachelor.com

NEWSPAPERS

Central Oregon Bungee Adventures (541) 668-5867 www.oregonbungee.com

The Bulletin (541) 382-1811 www.bendbulletin.com

Richardson’s Rock Ranch (541) 475-2680 www.richardsonrockranch.com

The Redmond Spokesman (541) 548-2184 www.redmondspokesman.com

Smith Rock Climbing Guides (541) 788-6225 www.smithrockclimbingguides.com

Central Oregon Daily (541) 749-5151 www.centraloregondaily.com

Central Oregon Adventures (541) 593-8887 www.coadventures.com

VOTER REGISTRATION

Paradise Birding Tours (541) 408-1753 www.paradisebirding.com

Deschutes County (541) 388-6547

RIDE Adventures (458) 202-0462 www.rideadv.com

RESOURCE GUIDE SHOPPING

WATER BUREAU CONTINUED...

CHAMBERS OF COMMERCE

Old Mill District (541) 312-0131 www.lincolncityoutlets.com

Sisters (541) 323-5209

Bend (541) 382-3221 www.bendchamber.org

Bend Factory Stores (541) 382-4736 www.bendfactorystores.com Cascade Village Shopping Center (541) 388-1495 www.shopcascadevillage.com TELEPHONE SERVICE Verizon (800) 483-4100 www.verizon.com Century Link (800) 366-8201 www.centurylink.com TRANSFER STATIONS Knott Transfer Facility (541) 317-3163 www.deschutes.org/solidwaste Negus Transfer Station (541) 548-7232 www.deschutes.org/solidwaste NW Transfer Station (541) 317-3163 www.deschutes.org/solidwaste SW Transfer Station (541) 408-7589 www.deschutes.org/solidwaste

Tumalo (541) 382-3053 Terrebonne (541) 548-2727 COUNTY DEPARTMENTS Assessor (541) 388-6508 County Clerk & Elections (541) 388-6547 Community Development (541) 388-6575 District Attorney (541) 388-6520 Fair & Expo Center (541) 548-2711 Finance & Tax (541) 617-4721 Health Services (541) 322-7400 Justice Court (541) 617-4758 Road Department (541) 388-6581 ���’���e (541) 693-6911

WATER BUREAU

Solid Waste (541) 317-3163

Bend (541) 388-5515

Veteran’s Services (541) 385-3214

Redmond (541) 923-7765

SCHOOL DISTRICTS

La Pine (541) 536-1432 Sunriver (541) 593-4197

Bend-La Pine (541) 355-1000 www.bend.k12.or.us

Redmond (541) 923-5191 www.visitredmondoregon.com La Pine (541) 536-9771 www.lapine.org Sunriver Area (541) 593-8143 www.sunriverchamber.com Sisters Area (541) 549-0251 www.sisterscountry.com DOWNTOWN ASSOCIATIONS Bend (541) 788-3628 www.downtownbend.org Redmond (541) 639-2192 www.visitredmondoregon.com

TITLE & ESCROW

CYBER SECURITY Because of you… we obsess over cyber security!

Cyber fraud and email hacking is on the rise. Fraudsters may access individual email accounts and monitor the life of your transaction. At the time funds are due to the escrow, fraudsters intercept the information for wiring funds and the fraudsters change the information without the knowledge of the sender or recipient, resulting in the funds being sent to an outside account and never credited to the intended party.

To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires: Outgoing Wire from WFG to seller or borrower for proceeds In the escrow paperwork provided you will be asked to provide written instructions on how you want funds dispersed at the close of escrow. If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.

Incoming Wires from buyer and/or lender to WFG bank account For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.

We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience. http://national.wfgnationaltitle.com/2016/04/05/obsess-cyber-security/

WHY IS OWNER’S TITLE INSURANCE IMPORTANT? Financially speaking, the decision to buy a home is one of the biggest decisions a person will likely ever make.

Owner’s title insurance insures that, when the purchase is closed, the buyer is the owner of and has marketable title to the property, has access to the home, and there are no liens, claims, or restrictions on the buyer’s property, other than the mortgage the buyer agrees to pay.

If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.

In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.

Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer.

Owner’s title insurance is one of the most affordable insurance policies a person can ever buy. Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.

So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.

In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.

WHAT IS ESCROW Understanding the Escrow Process An escrow is an arrangement in which a neutral third party (the escrow agent) assembles and processes many of the components of a real estate transaction, records the transaction, and ultimately, disburses and distributes funds according to the buyers’, sellers’ and lenders’ instructions. Your transaction is typically closed by an Escrow Officer. People buying and selling real estate usually open an escrow for their protection and convenience. Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.

Typical Roles in the Closing Process The Seller/Agent  Delivers a fully executed Purchase Sale Agreement to the escrow agent.  Executes the paperwork necessary to close the transaction.

The Buyer/Agent  Deposits collected funds required to close (in with the escrow agent.  Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement.  Executes the paperwork and loan documents necessary to close the transaction.

The Lender  Deposits loan documents to be executed by the buyer.  Deposits the loan proceeds.  Directs the escrow agent of the conditions under which the loan funds may be used The Escrow Agent  Clears Title  Obtains title insurance  Obtains payoffs and release documents for underlying loans on the property  Receives funds from the buyer and/or lender.  Prepares vesting document affidavit on seller’s behalf.  Prorates insurance, taxes, rents, etc.  Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction.  Forwards deed to the county for recording.  Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties.

In Summary Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer. The escrow agent is a neutral third party acting on behalf of the buyer and seller .

WHAT IS TITLE

About Title Insurance

What’s involved in a title search?

Title is a bundle of rights in real property.

Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy. Usually, during a purchase transaction the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy).

A title search is actually made up of three separate searches:

In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy.

Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser for the purchase price.

How is title insurance different from other types of insurance?

While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property. Said defects/claims are either eliminated prior to the issuance of a title policy or their existence is excepted from coverage.

Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property.

• Chain of Title – History of the ownership of the subject property • Tax Search – The tax search reveals the status of the taxes and assessments • Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names Once the three searches have been completed, the file is reviewed by an examiner who determines: • Whether or not the Chain of Title shows that the party selling the property has the right to do so.

• The status of taxes for the subject property.

The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due.

• Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.

Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance.

In Summary After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title.

The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination.

WHO PAYS FOR WHAT IN OREGON Buyer’s Customary Escrow Fee Responsibilities

Seller’s Customary Escrow Fee Responsibilities

Typical Costs

Typical Costs

The following costs generally affect all transactions:  Escrow Fee - one-half of the fee, based on title company’s fee schedule  Recording Fees - based on county fee schedule  Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender  Tax Prorate - to apportion taxes between parties as of date of closing  General Costs - as listed for each specific transaction, as requested by the principals

The following costs generally affect all transactions:  Escrow Fee - one-half of the fee, based on title company’s fee schedule  Recording Fees - based on county fee schedule  Title Premium - based on fixed statewide fee schedule  Real Estate Commission - based on agreement with Broker  Tax Prorate - to apportion taxes between parties as of date of closing  General Costs - as listed for each specific transaction, as requested by principals  Release fees for loan payoff(s)

Land Sale Contract Transaction   

Attorney Fee - optional, and is sometimes shared with seller Collection Escrow Setup Fee - optional, and is sometimes shared with seller Recording Fee - for contract or memorandum thereof

Assignment of contract for assumption of loan transaction   

Assumption or Assignment Next monthly payment due, if required by lender Recording Fee - for Assumption/Assignment of Agreement, if required by lender

Conventional, FHA, VA loan transactions        

Lenders title insurance policy & endorsements, as required by lender Loan Fee - as required by lender Credit Report Fee - as required by lender Appraisal Fee - as required by lender Mortgage Insurance Premium - based on fee schedule and endorsements of lender Prepaid Interest - if required by lender VA Loans only - funding fee, if required by lender FHA, VA, and some Conventional Loans reserves for real property taxes, fire insurance and mortgage insurance

Land Sale Contract Transaction  

Attorney Fee - optional, and is sometimes shared with purchaser Collection Escrow Setup Fee - optional, and is often shared with purchaser

Assignment of contract for assumption of loan transaction  

Any delinquent payments to bring contract or loan current Prorate share of current month’s interest based on current rate

Conventional, FHA, VA loan transactions  

Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval FHA, VA Loans - check with lender for any applicable seller costs

DISCLAIMER: This information is provided for informational purposes only and no warranties are made.

TITLE VESTING AS AN INDIVIDUAL - An individual may hold title in his or her name only, regardless of whether or not married – e.g. “Jane Smith, an individual”. That individual then owns all rights to the property, which can be sold or transferred to others via will or trust. While a divorce is pending, however, if the property was acquired during the marriage it will likely be treated as part of the marital estate and thus be subject to court authority.

AS TENANTS BY THE ENTIRETY - A conveyance to a husband and wife creates a tenancy by the entirety – e.g. “John Smith and Jane Smith, husband and wife, as tenants by the entirety”. This creates a survivorship estate, which means that if one spouse dies, his/her interest will automatically go to the surviving spouse. A husband and wife may also take title as tenants in common (discussed below) if the intention to hold title in that manner is expressly stated.

AS TENANTS IN COMMON – Unless a conveyance expressly provides that the parties intend to create a survivorship estate (discussed below), a conveyance to two or more persons who are not married creates a tenancy in common in which each has (unless otherwise stated) an equal undivided interest in the property – e.g. “John Smith and Robert Jones, as tenants in common, each as to an undivided 50% interest”. Each tenant in common then owns an undivided interest in the entire property, which can be sold or transferred to others via will or trust.

AS A SURVIVORSHIP ESTATE - Two or more persons who are not married may also hold title as tenants in common with a right of survivorship, as long as the survivorship declaration is expressly contained in the deed – e.g. “John Smith and Robert Jones, not as tenants in common, but with the right of survivorship”. This creates a survivorship estate, which means that if one party dies, his/her interest will automatically go to the survivor and cannot be sold during the lifetime of or transferred via will or trust by the party who dies first.

AS REGISTERED DOMESTIC PARTNERS - Registered domestic partners may take title as (i) tenants in common– e.g. “Jane Smith and Mary Jones, registered domestic partners, as tenants in common, each as to an undivided 50% interest”, or (ii) in a survivorship estate similar to that of a tenancy by the entirety – e.g. “Jane Smith and Mary Jones, as registered domestic partners with right of survivorship”.

AS A SAME SEX MARRIED COUPLE - Same sex married couples may take title as (i) tenants in common – e.g. “John Smith and Robert Smith, a married couple, as tenants in common, each as to an undivided 50% interest”, or (ii) in a survivorship estate similar to that of a tenancy by the entirety – e.g. John Smith and Robert Smith, a married couple with right of survivorship, or (iii) as tenants by the entirety – e.g. “John Smith and Robert Smith, a married couple, as tenants by the entirety”.

AS AN ENTITY - A registered entity, such as a corporation, limited liability company or partnership, may hold title. Title should be held exactly as the name is registered with the Oregon Secretary of State – e.g. “Smith & Jones, LLC, an Oregon limited liability company”.

DISCLAIMER – The foregoing contains informational examples only and is not to be construed as legal advice. Given the complexities involved in acquiring and holding legal title to real property, WFG strongly recommends that you seek legal advice from an attorney prior to doing so.

WFG OFFICE LOCATIONS

1

2

3

ADMINISTRATIVE

4

LLOYD

7

DOWNTOWN VANCOUVER

CLACKAMAS

5

NW PDX/ COMMERCIAL

8

SALMON CREEK

LAKE OSWEGO

6

SUNSET

9

VANCOUVER MALL

12909 SW 68th Pkwy. Ste. 350 Portland, OR 97223 503-431-8500 9200 SE Sunnybrook Blvd. Ste. 350 Clackamas, OR 97015 503-353-9975 5885 Meadows Rd. Ste. 150 Lake Oswego, OR 97035 503-624-4900

1625 NE Weidler Street Portland, OR 97232 503-230-8488 25 NW 23rd Pl. Ste. 1 Portland, OR 97210 503-219-9088

2430 NW 206th Ave. Ste. 125 Beaverton, OR 97006 503-533-9510

101 E 6th St. Ste. 125 Vancouver, WA 98660 360-314-0300

2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818 5101 NE 82nd Ave. Ste. 102 Vancouver, WA 98662 360-891-5454

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CONSUMER EXPERIENCE TIMELINE TRANSACTION STARTED

TITLE REPORT DELIVERED

UPDATER INVITATION

NEARING YOUR SIGNING

TRANSACTION CLOSES

MyHome® notifications start triggering to the Client once the order has been opened.

Notification is sent after Title Report is completed.

Notification is sent in conjunction with Title Cleared notification.

Notification (video, when applicable) is sent five days after Title Cleared Notification.

Notification sent one day after transaction is marked recorded.

EARNEST MONEY

MIDPOINT FEEDBACK

TITLE CLEARED

SIGNING SCHEDULED

Notification is sent when EM is received

by Escrow.

Notification is sent 10 days after Title Report is completed.

Notification is sent once all title curative items are received and ready for closing.

Notification is sent to both Buyer and Seller.

All notifications include a link that can be used for registration and access to your MyHome® dashboard post registration.

KEEP Notification is sent to Buyers every 90 days.

GET 5 STARS Invitation to provide feedback and rate your experience. Sent 3 days after transaction closes.

COVENANTS, CONDITIONS & RESTRICTIONS

Covenants, Conditions & Restrictions We believe these are the correct conditions and restrictions.

However, no examination of title has been made and WFG National Title assumes no liability for any additions, deletions or corrections.