October 2010 - Page 2 of 5 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

Nipomo Luxury Foreclosure Real Estate Update

10/24/2010
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

Looking at the luxury real estate market in Nipomo California, there are currently 37 homes priced above $600,000 with an average list price of about $1,066,000 and 191 days on market, and a median asking price of $749,000. Looking at the Nipomo luxury foreclosure market, there were no active luxury foreclosure listings and there was one available short sale in Nipomo.

Santa Maria Foreclosure Alert: Are foreclosures frozen in Santa Maria, CA?

10/23/2010
Buyer Info, Santa Maria

I realize this is a controversial subject, but I do agree that freezing foreclosures or trying to turn back the clock only benefits a limited group of people. In California, most people who are losing their home to foreclosure are severely underwater and I find that once the foreclosure happens, a sense of relief soon follows that they can put the whole thing behind them.

Providence Landing: New Homes in Lompoc’s Vandenberg Village

10/22/2010
Buyer Info, Lompoc / Vandenberg Village

This week, Capital Pacific Homes invited local agents and REALTORS to an open house for their new community, Providence Landing, located in Vandenberg Village. It was a fun opportunity to tour their new home models again. During the behind the private behind the scenes look, Capital Pacific revealed the new builder incentives they are offering buyers which include:

6 Tips for Choosing the Best Offer for Your Home

10/22/2010
Seller Info

6 Tips for Choosing the Best Offer for Your Home Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers. Read Visit houselogic.com for more articles like this. Copyright 2010 NATIONAL ASSOCIATION OF…

What is a BPO and how can it Affect a Short Sale?

10/21/2010
Seller Info, Short Sale Info

A BPO is an acronym that stands for Broker Price Opinion. As a part of approving a short sale, a bank will order either an appraisal or a Broker Price Opinion (or both) to determine the market value of the property.

How to Buy HUD Foreclosures in Santa Maria & Orcutt

10/20/2010
Buyer Info, Foreclosure / Bank Owned (REO) Info

First you should find a HUD selling agent, as only HUD selling agents can show and write offers on HUD properties. Mint Properties is a HUD selling agent and can assist you with this process. Sometimes HUD properties are advertised on the local MLS, but I’ve found that often they are not. Typically, HUD homes are listed on Friday and you must check the HUD website to find their newly listed foreclosures.

Can I offer less than the asking price on an approved short sale?

10/19/2010
Buyer Info, Short Sale Info

The answer to this is, yes, definitely. An approved short sale is a short sale where the bank has already indicated acceptable price and terms. As the HAFA program comes into greater usage, we will supposedly see more approved short sales on the market. The HAFA program provides a way for sellers to get an approved price on their short sale before listing it on the market.

7 Steps to a Stress-free Home Closing

10/19/2010
Buyer Info

7 Steps to a Stress-free Home Closing By doing homework in advance, you’ll understand what you’re asked to sign when you close the sale of your home. Read Visit houselogic.com for more articles like this. Copyright 2010 NATIONAL ASSOCIATION OF…