Tag Archives: Lompoc CA real estate

Santa Maria and Lompoc First Time Buyers, FHA Loan Info

Posted on January 10, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

What is an FHA loan? — Essentially a FHA loan is a loan that is guaranteed by the Federal Housing Administration. Lenders typically do not want to lend unless on a home unless a buyer has a 20% down payment. If there is less than a 20% down payment, mortgage insurance is required. And, in today’s market unless you have a credit score at least 720 or above you won’t be able to get mortgage insurance. Continue reading →

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Does 'Days on Market' Always Tell the Whole Story?

Posted on December 31, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

It’s the end of the year and time to begin compiling data and drawing conclusions about what the real estate market was like in Santa Maria and Lompoc this past year. Often, sellers and buyers rely on “days on market” to tell them additional and useful information about the real estate market. However, as with any one statistic, days on market can be an unreliable and misleading indicator of true market conditions. Continue reading →

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Santa Barbara County Property Tax Informal Assessment Review Requests Due March 15, 2009

Posted on February 28, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

For those who wish to request an informal property tax review from the Santa Barbara County Assessors office, the deadline to apply is March 15, 2009. It appears that the dealine for an informal review has moved up two months, as the previous year’s form had May 15th as the deadline to apply for informal review. By applying, you can submit comparative sales to help the Assessor’s office come up with a reasonable value for your property for tax assessment purposes. Continue reading →

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Lompoc CA & Vandenberg Village CA 2008 Market Update & MLS Listing Search

Posted on February 4, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

There were a total of 400 homes sold in the Lompoc and Vandenberg Village areas in 2008. 346 were detached dwellings, and 54 were attached residences. Of the 400 sold, 226 were REOs (bank owned) and 31 were short sales. So, a total of 257 out of 400, or 64% were foreclosure related sales. Thus, the Lompoc market is thoroughly dominated by foreclosure activity; it is the primary force moving the market. Continue reading →

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Are you PCS'ing to Vandenberg AFB and Looking for Housing?

Posted on December 27, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Vandenberg Air Force Base provides a steady source of new arrivals to the Central Coast area. Due to the attractive climate and small town atmosphere many decide to never leave or to return to the area after they retire from military service. The biggest weather related complaints here tend to be fog and wind; complaints that generate laughter from those who have spent winters living with ice, shoveling snow, and hiding from freezing sleet. Continue reading →

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