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Home Selling in Santa Barbara : Real Estate Advice

  • All240
  • Local Info19
  • Home Buying72
  • Home Selling9
  • Market Conditions12

Activity 15
Thu Oct 27, 2016
John Kollar answered:
I'd like to know as well. The interface for the Pro account is really terrible. I'm considering ending the service because I cannot figure out how this works.
0 votes 1 answer Share Flag
Wed Sep 7, 2016
Dorene Slavitz answered:
You do have a problem when tenants make decisions to "improve" the property they are renting. Some tenant improvements would be good for your property, while others...not so much. I saw a home where tenant improvements included painting all the ceiling's blue with his version of "white puffy clouds and rainbows" covering every square inch of the ceiling. Needless to say, this was not an upgrade that others found appealing.
If this is in violation of the lease agreement you should be able to evict this tenant based upon the contract, however, there are many protections in place for tenants who you should run this past your lawyer first.
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0 votes 2 answers Share Flag
Thu May 12, 2016
answered:
According to the IRS the tax exemption is for owning the property for 2 years. You do not need to be over 55.
While your tax guy is right, he/she is not very helpful. https://www.irs.gov/taxtopics/tc701.html ... more
0 votes 1 answer Share Flag
Tue Apr 19, 2016
JON RYAN SCHLOBOHM asked:
Wed Sep 23, 2015
Andy Madrid answered:
Technically and legally the agent can handle the sale of his own home regardless of whether there is a tax lien on the home. If he is putting the property for sale on the open market (i.e.: putting it in the MLS and it is being represented by the brokerage) it's just like any other sale, not a FSBO. As for concealing it, he really can't because it is public record and its very easy to find out as soon as information is requested from the title company or through a public record search. Aside from that, as an agent even representing himself, he has a duty of disclosure to potential buyers of the property. ... more
0 votes 2 answers Share Flag
Sat Feb 28, 2015
Cindy Davis answered:
Trulia does not allow any type of fsbo post. You can post a for sale by owner on Zillow.
0 votes 1 answer Share Flag
Fri Jan 23, 2015
Michael Cheng answered:
You should double-check to see if somebody is using your address to run a rental scam on Trulia.
0 votes 1 answer Share Flag
Fri Jan 24, 2014
Robert Heckes answered:
Hello Lymanorton1,
Recently, I represented a seller on the Riviera. The seller was in a high equity position but with no liquidity to cover the necessary market preparation steps for the property. Part of the reason I felt comfortable paying for market preparation expenses is that we had a written agreement that I would be refunded on close of escrow. The other factor that gave me the green light to take this risk, is that the property was priced right in a low inventory market. We had 6 offers in the first week and it sold for all cash over asking price. I received my upfront funds back along with my commission and the seller received more money than expected for the property.

At your service,

Robert Heckes
Sotheby's International Realty
1436 State Street
Santa Barbara, CA 93101
http://www.robertheckes.com
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0 votes 16 answers Share Flag
Fri Jun 22, 2012
wmeller answered:
I am interested in buying land in santa barbara. why dont you email me the particulars?
wmeller@gmail.com
0 votes 6 answers Share Flag
Fri Apr 2, 2010
Don Zurlinden answered:
I have a new client specificaly looking for a newer mobile home. His requirements are vaulted ceilings and a park with a pool. Give me a call if you might meet that criteria.
Don Zurlinden
805-451-6493
Mobilenome Realty (New in SB)
dzurlinden@verizon.net
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0 votes 3 answers Share Flag
Thu Mar 4, 2010
Brian McMurray answered:
Contact a local realtor to do a Market Analysis on your property. Also contact a realtor in the area of Arizona you would prefer to move. Find out a little bit about their Market. The two Markets may offset each other or you may need to take a hit on this end to get where you want to be. Who really know what the markets will be like in 2, 3, 10 years. We do know what they are like today. ... more
0 votes 4 answers Share Flag
Wed Apr 1, 2009
Dp2 answered:
Andrew, I'm also an investor. I love that open house idea for finding tenants. I hope you don't mind me borrowing that golden nugget. :)

Jason, Keith is correct: houses are selling in your area. Andrew is also correct that renting doesn't have to be a losing proposition; you'd have to screen your potential tenants like a lender would screen you before lending to you--after all a lease is for all intents and purposes basically another form of loan. Combined with effective property management, this could be an option for you.

Also, since your pool of buyers has shrunk, and since many buyers would have to qualify for a jumbo loan (which is harder to do today), you might find that you'll get a lot more interest (and offers) if you were to offer seller financing.
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0 votes 6 answers Share Flag
Fri Feb 6, 2009
Kevin Schmidtchen answered:
Hello,

As the other 2 agents suggest, I would for sure consult an attorney. Title agents and some accountants can help you out as well but I would go the one step further and talk with a real estate attorney.

Good luck. Let me know if you have any other questions.

take care
... more
0 votes 3 answers Share Flag
Sat Sep 13, 2008
John Walin answered:
Wow,
This goes way back! Hope everything worked out great for you. This was a complex question and you received many thoughtful suggestions, hope they helped you move on.
0 votes 5 answers Share Flag
Fri Aug 29, 2008
Daniel Zia & The Zia Group answered:
Hi Lauren,

First of all, it looks like a few real estate professionals beat me to the punch and had some great comments, especially Jon Perkins, so be sure to read his response. He hit most of the major points I would have emphasized. I have worked with several clients this past year in a very similar position as yours, and many, after looking at all the possibilities have had to content themselves with staying with their current residence. If you are truly capped at increasing your next home purchase by $100k over your net sale, it's best to start researching homes about the same value is your current home. When you factor in agent commissions, marketing costs, closing costs (on both your sale and new purchase), it will quickly add up. 2005 was the peak of our market, so as a ballpark, you need to figure that your home decreased in value (alone with all of the other homes on the market under $2 million) by 20-40%. I had a difficult conversation with a seller recently who had an appraisal in 2005 for $770k, and I had to tell them their home was worth $550k in today's market. They were shocked, but after adjusting their expectations, we were able to get an over asking price offer and close escrow in a timely manner.

Jon is right that it is a "wash" as far as timing when you are purchasing and selling in the same market. It will feel great to purchase one of the great homes that have really come down in price since you bought in 2005, but it isn't going to feel good losing a significant amount of money on the sale of your current residence, especially since you have put money into upgrading.

As both a listing (Seller representation) and a selling (Buyer representation) I would be happy to do the following for you:
1) Complete a CMA (comparative market analysis) for your property to give you an accurate idea of current market value.
2) Set you up on our automatic email home finder based on the price range you could afford and your family's wants and needs. You'll then be updated via email with all of the new home listings matching your criteria so you can see if there are any options out there in your price range that you would be happy with.
3) If you decide to sell/buy, I will provide you with a Custom marketing plan for your home, so you know the exact steps I will take to get your home sold quickly and for top dollar.
4) Because the transition will be tight financially with your buy and sell, we can also discuss a potential credit of part of my commission if I were to represent you in both the sale and purchase of your home.

I would strongly recommend looking at my website: www.ZiaGroup.com for more information on my team and my services. Here is also a list of some of my client testimonials: http://www.theziagroup.com/Testimonials.php. Feel free to contact me via email at Daniel@ZiaGroup.com or on my cell phone at 805-637-7148. I look forward to speaking with you and helping you make an informed decision re: your potential transition.
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