2010 - Page 7 of 14 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

Santa Maria Short Sale Alert: Contingent Short Sales?

10/13/2010
Buyer Info, Santa Maria, Short Sale Info

Contingent short sales are all over the Santa Maria market. Santa Maria home buyers are always asking me about them. They linger on the market. Often the seller is requesting no more showings. But why? With so many buyers looking for homes and condos in Santa Maria, why do these properties linger on the market? The answer is of course bank delay

Lompoc Home For Sale $169,900

10/12/2010
Buyer Info, Lompoc / Vandenberg Village

Come see this Lompoc Delight! This exceptional home features a large family room addition off the kitchen for a great room effect and feel. Indoor laundry,large fireplace and slider access to the backyard. Formal living room off the entry and an informal dining area directly off the spacious kitchen. This home hasthree bedrooms and two updated bathrooms. Needs a little polish to bring it back to its prime - but the potential is definitely there. Modern touches andupdates throughout.

Santa Maria Foreclosure Market Tip: What is a “Contingent REO?”

10/11/2010
Foreclosure / Bank Owned (REO) Info

If you’ve been tracking the market for foreclosures for awhile, I’m sure you’ve come across a contingent REO and wondered what that means. An REO is an industry term for a foreclosure, and a contingent REO is one where an offer has been verbally accepted by the bank or the asset manager, but the paperwork is still being signed.

Santa Maria First Time Home Buyer Alert

10/10/2010
Buyer Info, Santa Maria

I’m afraid the days of 100% financing for everyone are gone. Unless you are a veteran with a VA home loan benefit, or buying in a rural area through the USDA loan program, there are not many 100% financing options. (Santa Maria does not qualify as a rural area, but in the past, Guadalupe and parts of Nipomo have qualified).

Grover Beach Real Estate: Grover Beach Condos For Sale & Market Update

10/09/2010
Central Coast Real Estate

Are you in the market for a condo in the Grover Beach CA area? (93436) There are currently 31 condos (and PUDs) listed for sale in the Grover Beach real estate market. The average asking price is about $291,000

Top 5 Short Sale Myths

10/08/2010
Seller Info, Short Sale Info

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.

Lompoc Real Estate: Lompoc Condos For Sale & Market Update

10/07/2010
Buyer Info, Lompoc / Vandenberg Village

Are you in the market for a condo in the Lompoc CA area? (93436) There are currently 37 condos (and PUDs) listed for sale in the Lompoc real estate market. The average asking price is about $152,000 and sellers are…

Santa Maria Real Estate: Tips for Buying Santa Maria Short Sales

10/06/2010
Buyer Info, Santa Maria, Short Sale Info

1) Be prepared for an “as-is” purchase. Many times there is deferred maintenance on short sale listings. Often owners in financial distress stop performing maintenance on the home either willfully and because they lack the funds. You can ask a short sale seller to make repairs, but often they are unable or unwilling to do so since they are losing their home. You can also approach the short sale lender and ask that they allow the cost of the repairs to be deducted from their “net” but often the answer will be no, even if the repairs are required by your lender in order to originate your new loan.