Short Sales

New Goleta South Real Estate Listing – 4 Bed 2 Bath Remodeled Single Level Home – Priced at $675,000

Just listed this morning with first open this Friday October 19th 10:00 a.m. - 12:30 p.m. as well as Saturday the 20th and Sunday the 21st from 1-3:00 p.m.  This wonderful Goleta South single level home is very well cared for, remodeled with 4 bedrooms 2 baths, approximately 1800 sqft +/- single family home.  Located close to parks, ocean, UCSB and Camino Real Marketplace.  Remodeled spacious kitchen opens up to a larger "great room", vaulted ceilings, sunken living room, updated flooring and baths.  Fenced rear and side yards. This home should sell... Continue Reading >

Why are Short Sales Here in Santa Barbara and Goleta Selling with Ease?

Are Short Sales No Longer a Pain to Close? A lot has changed with the pulse of real estate market here in Santa Barbara and Goleta over the last 12 months.  After having a pretty steady / good market from Fall 2011 until about June 2012, the real estate market has really taken off over the last 3-5 months.  Seemingly everything that is priced "simply normal" is selling and often with multiple offers.  We have also seen a jump in prices across the board and most everyone is convinced we are off... Continue Reading >

What Part of the Santa Barbara Real Estate Market Sees the Most Foreclosures and Short Sales?

Since the peak of our real estate market in 2007 and 2008 (Montecito until 2008), property values have fallen on average here in Santa Barbara around 35-38%.  Certain unique homes have fallen somewhat less in value, while certainly other pockets of the market have fallen more in value upwards of around 40-45%. Because of this reality, many people have unfortunately lost all their equity in their homes and have had to go the route of foreclosing on their homes or trying to sell their homes as short sales. Often I am asked... Continue Reading >

What are The Most Crucial Components when Buying a Short Sale or Foreclosure here in Goleta, Santa Barbara and Carpinteria?

The obvious lure from a buyer's perspective of both short sales and REO (real estate owned) properties is the chance to get a property at a discounted price. Here in Carpinteria, Goleta and Santa Barbara, this opportunity does exists, but not without its pitfalls.  The best way to deal with these pitfalls is to get educated about the most common "issues/nightmares" that come with these deals.  Although there are many factors to consider...the biggest for most tends to be TIME. TIME -  The most crucial asset we have in life.  When dealing... Continue Reading >

Are you an Ideal Candidate for a Short Sale here in Goleta CA?

Tips to Avoiding Foreclosure: Who is the Ideal Candidate for a Short Sale? The reality for people that are unfortunately facing foreclosure is not something that is taken lightly.  The prospect of not just losing your home, but dealing with all the emotional and financial realities that come with it can be more more than overwhelming. Fortunately, certain people may be in a position to avoid this legal, financial, and emotional turmoil by going the route of a short sale. Do you qualify to obtain relief through a short sale of your home? Here... Continue Reading >

Basics of a Short Sale with Regards to Real Estate in Santa Barbara CA.

If you are in a financial position that you are behind on your mortgage payments or are simply considering not making these payments because the value of your home has dropped below the open market value, then you are most likely considering the potential option of a short sale of your home.  If so, then most likely you are also wondering how the whole process exactly works and how it will unfold.  There is no need to feel confused as most of the steps are very basic. Deciding that it... Continue Reading >

Tips to Avoiding Foreclosure Here in The Santa Barbara, Montecito, Goleta and Carpinteria Areas

As a Santa Barbara real estate agent, one of my main focuses is to keep people first.  As I have grown in this business the last 9 years and the community as a whole, I have become more dedicated to my clients than ever before.  A great example of this is my desire to help clients who have found themselves in a financially distressed situation with the possible loss of a home that they have worked so hard to earn. In order to help, I have tried to learn as much... Continue Reading >

The Consumer Bailout For Home Owners That Nobody Seems to Know About

Here is a great article I just came across that I wanted to pass on to potentially help some home owners that are struggling right now here locally in Santa Barbara as well as nationally. I have copied and pasted below the first section of the article exacty as it appears on the RISMEDIA website. "RISMEDIA, Oct. 1, 2008-As congress considers various bailout proposals for the financial system, there is a little known ‘bailout’ for home owners that has already been enacted into law, according to Gibran Nicholas, Chairman of the CMPS Institute,... Continue Reading >

Are Short Sales a Good Path to Santa Barbara Real Estate Ownership?

At the beginning of 2008, I wrote a few articles about short sales and foreclosures in our local areas here in Santa Barbara, Goleta and Carpinteria.  At that point, we had only seen a handful of foreclosures in our areas and most of these were in the entry level condo market from the $300,000 to $650,000 price point as well as track homes from the $590,000 to $800,000 price point.  Short sales were also just starting to creep up in our local areas within the same market and price points. Now in the last several... Continue Reading >

Any Great Short Sale Opportunities in Santa Barbara and Goleta CA?

Over the last 4-6 months we have started to see an increase in the amount of short sales and foreclosures here in the Santa Barbara area...especially in the Goleta and Carpinteria areas.  Almost all of these have predominantly fallen into the price point from $250,000 to $800,000. Question - Is a short sale a great opportunity to buy a home for cheaper than market value? Answer - It can be if you have the time, patience and the wherewithal to deal with a lot of potential frustration, uncertainty and waiting? What is a short sale?... Continue Reading >