Santa Barbara : Real Estate Advice

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John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
As a buyer who wants to purchase with cash, what precautions/contingencies should we incl in the contract, beyond getting a good home inspection? CA
Lea
Many thoughtful and complete answers to a very complex question. No lectures on having an agent, you seem to have a terrific grasp of the questions and get a lot of great advice h ... more
0 votes Share Flag Wed Mar 2, 2011 Home Buying in Santa Barbara
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
We are unencumbered and looking to buy in Santa Barbara but don't like the idea of being "owned" by one agent. We want to know how
Lea
I am with you 100%!! I agree and similarly hate being "owned" by a buyer wanting to see every house even out of their price range, plus want me to tell them about unlist ... more
0 votes Share Flag Wed Mar 2, 2011 Home Buying in Santa Barbara
Ken Doss, Other/Just Looking in Santa Barbara, CA
Ken Doss answered:
How to get a non FHA approved condo/co-op in CA?
Hi Connor,

Ken here again.... Andrew Martinez is correct. A HomePath mortgage would be a great solution. You only need 3% down and there is no mortgage insurance! You don't eve ... more
0 votes Share Flag Tue Mar 1, 2011 Home Buying in Santa Barbara
Dan Ringwald, Real Estate Pro in Santa Barbara, CA
Dan Ringwald answered:
if i have $130,000 and live on a detectives salary what should i be looking for a $600000 house or an appartment? What is some good real estate?
Hello C.TX,

Now that is a good question. With a $130,000 you could continue buying some great investments that would generate a lot of income or you could by a ball and chain and be ... more
0 votes Share Flag Thu Feb 24, 2011 Home Buying in Santa Barbara
Dan Ringwald, Real Estate Pro in Santa Barbara, CA
Dan Ringwald answered:
How is the rental market in Santa Barbara?
Hello JB,

Buying and renting in Santa Barbara is an option and there are many more. You might want to look over the web site link below. Thanks
0 votes Share Flag Thu Feb 24, 2011 Home Buying in Santa Barbara
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Could recieving automatic mls listing updates by email from an agent trigger "procuring cause" for a selling comission or otherwise?
Thanks Alan! Maybe I was being a grumpy gus. Read my typical responses to normal questions, (not how to not use an agent that has helped me type of question) and they usually are quit ... more
0 votes Share Flag Wed Feb 23, 2011 Home Buying in Santa Barbara
Jenifer Pare…, Home Seller in Santa Barbara, CA
Jenifer Paredes answered:
Aside from Cold Springs district (which I can't afford), what are the other very good school districts in Santa Barbara?
Hope School District- for elementary. This district has only three schools, which means it's very manageable in todays's environment and it attracts the best teachers. Hope ... more
0 votes Share Flag Mon Feb 14, 2011 Home Buying in Santa Barbara
Gretchen Szo…, Real Estate Pro in Indianapolis, IN
Gretchen Szostak answered:
Why no updated Santa Barbara area sales prices on Trulia since 11/15/10? Seems rather odd. Anybody know why this would be?
Hi Triplea,

I don't know why Trulia hasn't provided updated information about SB sales price, but you can find detailed local statistics (that are updated every month) for ... more
0 votes Share Flag Thu Feb 10, 2011 Using Trulia in Santa Barbara
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Ruth and Perry Mistry answered:
We own 1951 home in 93105 zip. Have a 1965 swimming pool. Is it worth renovation? Does pool add or detract to value of house. Views extraordinary.
Hi Pocketfarmer

Santa Barbara is a high end area. If you have a 1965 pool it does make sense for you to invest about
$12k to $15k to resurface the pool. A pool in your Zip Code ad ... more
0 votes Share Flag Thu Dec 16, 2010 Remodel & Renovate in North State
Otisdesign, Home Buyer in Austin, TX
Otisdesign answered:
can someone recommand good interior design decorator in santa barbara?
Please take a moment to review our portfolio at www.coastcustomhomes.com
we are a design and build firm. I work with every type of budget and can help with just picking out paint, to s ... more
0 votes Share Flag Thu Dec 16, 2010 Remodel & Renovate in Santa Barbara
Daniel Zia &…, Real Estate Pro in Santa Barbara, CA
Daniel Zia & The Zia Group answered:
Trustee Sales Santa Barbara
Interestingly enough, 90%+ of the REO's, and short sales that come on the market in our area are actually under $1 million. Those that fall into the luxury category of the market ... more
0 votes Share Flag Mon Dec 13, 2010 Foreclosure in Santa Barbara
Richard Boss…, Real Estate Pro in Kailua Kona, HI
Richard Bosselmann answered:
Pre Foreclosure Rentals
People rent homes in which the owners are in default with their lenders all the time. Many times the renter is unaware of the owners situation and in most cases the owner is pocketing ... more
0 votes Share Flag Fri Oct 1, 2010 Foreclosure in Santa Barbara
James Gordon…, Real Estate Pro in Hamilton, OH
James Gordon ABR SFR SRS answered:
Zillow shows that 1707 Garden Street sold May 21st for 515k. Since the home likely sold for closer to 2 million, why is such a low price showing up?
You have to love that about these sites that try to value a property. I do not know the transaction details but I can give a educated guess. The people that bought the home used 2 mortg ... more
0 votes Share Flag Sat Aug 7, 2010 Home Buying in 93105
iNSITES, Real Estate Pro in Santa Barbara, CA
iNSITES answered:
How current are Trulia listings?
Hi SB Buyer-

I apologize for the late answer.

Trulia does not have a direct feed from the Santa Barbara MLS and it's true much of their information is outdated (and in othe ... more
1 vote Share Flag Fri Aug 6, 2010 Home Buying in Santa Barbara
Jeffrey Schl…, Real Estate Pro in Santa Barbara, CA
Jeffrey Schlossberg answered:
Are foreclosures actually worth pursuing to get discounted homes?
Every answer first requires a carefully postulated question. Most homebuyers are looking for a good fit: without it, there is no great deal. Period. Investor/flipper/opportunists ar ... more
0 votes Share Flag Tue Jul 27, 2010 Market Conditions in Santa Barbara
Jeffrey Schl…, Real Estate Pro in Santa Barbara, CA
Jeffrey Schlossberg answered:
How do I find the best deal on a mortgage?
If you or someone that you know really well and trust has a relationship with a lending professional, that's probably a good place to start. By and large, mortgage brokers can off ... more
0 votes Share Flag Tue Jul 27, 2010 Financing in Santa Barbara
Daniel Zia &…, Real Estate Pro in Santa Barbara, CA
Daniel Zia & The Zia Group answered:
Does anybody know if 225 E. Pedregosa sold? The sign came down awhile ago, but no sales figures are showing up on this website or any others.
Good morning Lars,

Yes, a client of mine purchased 225 E. Pedregosa and it closed escrow recently. It is truly a magnificent and one-of-a-kind home.

Here are some details of the ... more
0 votes Share Flag Mon Jul 5, 2010 Home Buying in Santa Barbara
iNSITES, Real Estate Pro in Santa Barbara, CA
iNSITES answered:
Forged Signatures: What happens when a realtor submits forged signatures that the seller then denies (after escrow opens).....
Hi Sean-

I'm sorry to hear about this situation. I agree with the others' advice (especially about getting legal advice), but had a few questions and comments:

Was the ... more
1 vote Share Flag Fri Jun 11, 2010 Home Buying in Santa Barbara
Ken Doss, Other/Just Looking in Santa Barbara, CA
Ken Doss answered:
Does anybody do construction loans for an unfinished home w/o a Certif Occupy in Santa Barbara?
Hi G Daniels,

My bank does construction loans. You can call me and we can discuss the details.

Ken Doss
Community West Bank
Santa Barbara
805-692-4382
0 votes Share Flag Tue Jun 1, 2010 Financing in Santa Barbara
Ken Doss, Other/Just Looking in Santa Barbara, CA
Ken Doss answered:
I am afriad of intrest rates going up and would like to lock in a low rate?
Hi Jerry J., You had mentioned that the house is unfinished? How long will it take for the house to be completed? This might be the biggest issue pertaining to your strategy about locki ... more
0 votes Share Flag Tue Jun 1, 2010 Financing in Santa Barbara
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