Grover Beach short sales Archives | Vandenberg AFB Homes

Grover Beach CA Home Sales Market Report – May 2011

June 18, 2011
Vandenberg AFB Homes
Central Coast Real Estate, Grover Beach, Market Trends

If you are considering selling your Grover Beach home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment. I specialize in short sales and distress sales.

Short Sale Approval Received in 26 Days from Well Fargo Home Mortgage!

I just received short sale approval from Wells Fargo in 26 days! It was a total of twenty six days from when the short sale application was submitted to the lender until I received the short sale approval letter in my email box.

How Time Can Run Out On Your Santa Maria Short Sale

One of the worst things that distressed Central Coast homeowners do is waiting until the clock is ticking before contacting a short sale agent. When does the clock start ticking? I tell people it starts ticking when you stop paying. Ideally, if you know a financial hardship is imminent, you should begin exploring your options, including a short sale, before any payments are even missed. In its recent Open Letter on Short Sales, the California Association Realtors reports that according to surveyed California Realtors® only about three out of five short sales close.

How Many Homes Were Sold in Grover Beach in 2010?*

It's the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Grover Beach last year, what the average sale price was, and how it compared to 2009.

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

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

Buying An Approved Short Sale in the Central Coast Market

March 1, 2009
Vandenberg AFB Homes
Buyer Info, Central Coast Real Estate, Santa Maria, Short Sale Info

What is an approved short sale? Let's start with what a short sale is -- a short sale is where the owner owes more on their loan than their home is worth but they still must sell the home. So, the home is placed on the market and offers are accepted -- subject to lender approval. Lender approval can take months to obtain. An approved short sale is a short sale where the seller has already received approval from the bank. So, usually they list the property at a price that the bank has already indicated that they will accept, and they typically indicate how much closing costs credit and any repair credits the bank will allow.

Central Coast of California Short Sale Seller Tips

January 2, 2009
Vandenberg AFB Homes
Central Coast Real Estate, Short Sale Info

Short sales are common these days. Santa Maria has 255 active short sale listings, Lompoc lists 72 short sales on the market, Nipomo has 14, and Arroyo Grande also has 14 active short sales. The difficult part is obtaining “lender approval” which adds delays to the process. Because approvals attach to a specific buyer, it is vital to find a committed buyer for your short sale. Often lenders require the process to start over if the buyer abandons their offer. This can draw out the process even further. But it is important to note that short sale transactions are closing all over the Central Coast. In the month of December, 18 short sales closed in Santa Maria (2 of these were my listings), 2 in Lompoc, 2 in Nipomo, and 1 in Arroyo Grande.

Grover Beach Market Update & Free Property Search

There are currently 73 active home and condo listings on the Grover Beach market, with a median asking price of $350,000. Of those 73 listings, 8 are short sales (sometimes referred to as pre-foreclosures) and 5 are REOs (bank owned properties).

Pismo Beach, Arroyo Grande & Grover Beach CA Foreclosure Market Update

There is a tremendous amount of interest in buying second homes in this market. Due to the financial and housing crisis, some are taking the opportunity to buy a vacation home on the central coast. Although, we have most certainly seen significant price reductions, foreclosure activity is relatively low in Pismo Beach, Arroyo Grande & Grover Beach compared to the nearby northern Santa Barbara communities of Santa Maria, Orcutt, & Lompoc.