Tag Archives: Orcutt CA short sales

Top 5 Short Sale Myths

Posted on October 8, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Myth #1: I have to be an owner occupant to qualify for a short sale. Where did this myth come from? I’ve done short sales for investors and non-owner occupants. They happen all the time. I just listed a home where the lender told the owner to do a short sale on their rental property. You can sell your investment or rental property via short sale. Continue reading →

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Is it me or are Santa Maria CA Short Sales getting easier?

Posted on March 25, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Are Santa Maria CA short sales getting a little easier? Maybe I’m on a high because I just received a short sale approval the other day, and I’m in escrow on another approved short sale that will close in less than 30 days. But, it seems like more and more short sales are being approved every day. A buyer of mine received an approval on another short sale they bid on this month, and lately I’m noticed an increase in the amount of “approved” short sales on the market. Continue reading →

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Bank Owned Bidding Wars in the Santa Maria – Orcutt CA Foreclosure Market

Posted on February 17, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Is it a great time to buy? Yes. Interest rates are at historic lows, Congress just passed an $8000 tax credit for first time buyers, and prices just keep getting better and better. There are plenty of folks who are taking advantage of this opportunity. As such, jumping into the current market for foreclosure properties in Santa Maria – Orcutt CA can be a rude awakening for potential buyers. Currently, there is a lot of competition for foreclosed properties. REOs comprise the majority of sold properties in the Santa Maria and Orcutt housing market. Continue reading →

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Santa Maria CA Foreclosure Buyer Alert – $8000 First Time Home Buyer Credit Approved

Posted on February 13, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

If you are sitting on the fence about buying, Congress just gave you another reason to jump into the market for foreclosures in Santa Maria, CA. The recently passed stimulus bill modestly increases the first time home buyer credit from $7500 to $8000. But more importantly, buyers now do not have to pay the credit back as long as they stay in the home a minimum of 3 years. Continue reading →

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Mission Creek Village Condos vs. Oak Creek Villas (Santa Maria CA & Orcutt CA Condos)

Posted on February 9, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

The Mission Creek Condos and Oak Creek Villas were built by local builder, Inland Pacific, who is also currently finishing up Pacific Crest in Westgate Ranch. Oak Creek and Mission Creek offer the same basic floor plans and amenities; however, … Continue reading →

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Should I Make an Offer on a Central Coast Short Sale Property?

Posted on January 12, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Short sales are popping up all over the Central Coast of CA due to the recent housing boom/bust. Many buyers are interested in these properties because they offer the possibility of today’s prices with less competition from other buyers. Continue reading →

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Santa Maria – Orcutt CA 2008 Market Update & MLS Search

Posted on January 10, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

A total of 1230 single family homes sold in Santa Maria CA and Orcutt CA in 2008. Continue reading →

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The Traditions & Classics at Bradley Square Update (Santa Maria CA – Orcutt CA)

Posted on January 5, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

These homes are within walking distance to shopping centers which include popular new restaurants such as Panera Bread, Starbucks, Natural Cafe, and Yanagi Sushi. Also close are Albertsons, Food Maxx, Wal-Mart and Home Depot. The Traditions and Classics developments are at the center of some of the best new shops in Santa Maria. Both Homeowners Associations have a relatively low association fee under $200 per year, and the community is also host to a new fire station, Robin Ventura Field, and Rotary Centennial Park. The Bradley Square area is truly a great place to live on the Central Coast of California. Continue reading →

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Buying Bank Owned Properties (REOs) in the Santa Maria/Orcutt and Lompoc/Vandenberg Village Foreclosure Market

Posted on October 7, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

The Santa Maria and Lompoc real estate markets are currently dominated by foreclosure listings. Of the 663 active listings for homes/condos in the Santa Maria – Orcutt area, approximately 25% (165) are bank owned properties (REOs), and about 50% (339) were short sales. Similarly in the Lompoc – Vandenberg Village active market for homes and condos, there are 198 total listings, and 20% (39) were REOs and 40% (81) were short sales. This means that 75% of the active market in Santa Maria and 60% of the active market in Lompoc and its surrounding areas could be classified as either a foreclosure or a pre-foreclosure. Certain trends or practices are becoming fairly routine in this market. Continue reading →

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Orcutt CA Condo Foreclosure Market Update (REOs & Short Sales)

Posted on September 16, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

There are approximately 34 active or contingent condo listings in the Orcutt CA area, and the average list price centers around $220,000. This does not include HUD properties, which are not listed on the MLS, or for sale by owner units. The most expensive Orcutt condo currently listed is a 2 bedroom 2 bath luxury townhome unit in Foxenwood Garden Villas which is selling for about $699,900. Contrast those prices with the nearby Santa Maria condo market which has about 52 active or contingent listings with an average price around $140,000, with the most expensive being a luxury townhouse in Somerset Gardens listed at $385,000. Continue reading →

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