Buyer Info Archives | Page 17 of 21

Santa Maria Homes – La Ventana Snapshot Update

La Ventana is a community of single family homes and luxury townhomes in northeast Santa Maria; its location is ideal for those who need to be near Marian Medical Center and the surrounding medical office complexes. Local builder, Inland Pacific, began selling homes in the La Ventana development around 2005 and because these Santa Maria homes were sold new during the height of the housing boom, many if not most of the recent re-sales in the development are foreclosures or distress sales.

Did someone die in this house? 3 Points to Consider

This may be a taboo subject, but it is a question I am asked all the time when acting as a buyer’s agent. I know everyone has different feeling about death, but it is peculiar to me that when you ask most people where they would prefer to die, they usually say at home. Yet, many people feel like they don’t want to purchase a home in which someone has passed away.

Santa Maria Homes Gated Community: Arborwalk Snapshot Update

Arborwalk is a gated community of townhomes at the intersection of McCoy and Miller; it is near much of the new shopping and commercial development in south Santa Maria. Watt Developers began building Arborwalk in about 2004. Because the homes were sold new during the height of the housing boom, many if not most of the current and recent sales in the development are foreclosures or distress sales.

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

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

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:

How to Buy HUD Foreclosures in Santa Maria & Orcutt

October 20, 2010
Vandenberg AFB Homes
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?

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

October 19, 2010
Vandenberg AFB Homes
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…

Lompoc Luxury Homes: Foreclosure Real Estate Update

October 18, 2010
Vandenberg AFB Homes
Buyer Info, Lompoc / Vandenberg Village, Seller Info

Looking at the luxury real estate market in Lompoc California, there are currently 29 homes priced above $400,000 with an average list price of about $592,000 and 145 days on market, and a median asking price of $499,000. Looking at the luxury foreclosure market, there was only one active luxury foreclosure listing and there were 2 available short sales in Lompoc.

How Much Down Payment is Required to Buy a Rental or Investment Property in Santa Maria?

Many investors that I am currently working with in the Santa Maria and Lompoc real estate market are paying all cash for their rental homes. That is why the market for foreclosures is so difficult for Santa Maria home buyers using FHA/VA financing; it is difficult to compete against a cash offer on a foreclosure where the bank wants to make no repairs to the property.