March 2nd, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate
February 27th, 2014 · Open Houses, Team Santa Barbara
Click the link above to view all the Open Houses in Santa Barbara today!
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February 22nd, 2014 · Mark Lomas and Kirsten Wolfe, Montecito Real Estate, Santa Barbara Real Estate
Santa Barbara Coastline by local artist Chris Potter
In the market for a mortgage? Take a look at these helpful mortgage tips for 2014, compiled by Bankrate, an online aggregator of financial information.
1. Be Prepared to Document Your Finances: Morgage regulations went into effect in January that put new pressures on lenders to verify that borrowers are able to repay their loans. Keep track of financial documents, including bank statements, tax returns, and investment accounts, and be ready to show them to a loan officer.
2. Rates are Rising, So Don’t Delay: Mortgage rates will almost certainly climb in 2014 as the Federal Reserve scales back the economic stimulus program that helped keep rates low in recent years. If you’re planning to get a mortgage do not put it off much longer.
3. Don’t wait to Refinance: Owners who are paying more than 5 percent interest on their home loans still have a chance to refinance at lower rates, but those rates won’t last forever (see above). Speak to a loan officer, and take a look at the numbers to see if refinancing makes sense.
4. You Have Bargaining Power: Lenders saw a big drop in refinancing activity in 2013 as interest rates started climbing higher – so they will be more aggressive in courting buyers in 2014. Buyers should take advantage of the bargaining power they gain with that increased competition. Shop around for the best deal.
5. You Have New Rights: New mortgage rules created by the Consumer Financial Protection Bureau go into effect in 2014, giving borrowers many new rights. Learn more about these rules, and if you have problems with your mortgage servicer or fall behind on payments, take advantage of your rights.
6.Keep Your Spending Under Control: You are less likely to get a home loan if you won’t have much money left each month after paying the mortgage and other obligations. Try to keep your monthly debt obligations less than 43 percent of your income.
7. Pay Attention to Your Credit Score: Good credit is essential. The best mortgage rates got to borrowers with credit scores of 720 or higher.
If you plan to buy a home in Santa Barbara contact Scott Bradley, Senior Loan Officer at First Capital: 805.403.4012 or email Scott at firstname.lastname@example.org
February 22nd, 2014 · Mark Lomas and Kirsten Wolfe, Santa Barbara Real Estate Market Trends, SB Real Estate Statistics
Something new for Santa Barbara Real Estate! Live Statistics! Sales asking prices for the last 7 days, and the last 90 days. If you’d like to take the “Pulse” of today’s market here’s where you’ll find it.
Iif you’re not familar with Santa Barbara’s Zip Codes, here they are:
Carpinteria: 93013, Summerland: 93067, Montecito: 93108, SB Westside: 93101, SB Westside: 93109 , SB Eastside: 93103 (Riviera), SB Eastside: 93105, Hope Ranch: 93110, Goleta:93111. Goleta/county: 93117, and Santa Ynez: 93460
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February 17th, 2014 · Mark Lomas and Kirsten Wolfe, Santa Barbara Coldwell Banker, Santa Barbara Real Estate
February 14th, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe
Looking for the perfect home, it turns out, is a lot like looking for love.
Prospective homebuyers frequently develop “crushes” on certain properties and drive by or go online for a second or third look while technically still playing the field,according to a recent survey.
And what makes one buyer’s heart go all aflutter can leave another cold as a stone.
The survey was conducted by Realtor.com, which polled 1,000 visitors to its website in the weeks leading up to Valentine’s Day.
It found that 69 percent of consumers admitting to having a “home crush” — a property they liked so much they were drawn back to looking at it more than once, in person or online.
The survey also revealed that in matters of the hearth, like matters of the heart, men and women behave differently.
Among women, 41 percent said their home crush is out of their price range, compared with only 30 percent of men who said the same.
Men, meanwhile, are more likely than women to move from one home crush to another, with 36 percent of men saying they find a new house crush each week, compared with 29 percent of women.
Homebuyers of both sexes agree, however, that outdoor living space is the most alluring attraction when scoping out available homes. It makes 54 percent of women and 46 percent of men fall in real estate love.
From there, the most eye-catching attributes vary slightly.
Women swoon for open floor plans (42 percent), curb appeal (29 percent), and updated appliances and fixtures (29 percent). Men go crazy for garages (40 percent), curb appeal (35 percent), and open floor plans (30 percent).
And there you have it. Happy Valentine’s Day, and best of luck in your search — whether for true love or the home of your dreams!
February 8th, 2014 · American Riviera, Mark Lomas and Kirsten Wolfe, Montecito Real Estate
Despite the bursting of the housing bubble, the ensuing recession and the slow recovery, buyers have not abandoned luxury homes. It turns out they just took a break. In July 2013, sales of homes costing more than $1 million were up 46.6 percent from the previous July.
February 5th, 2014 · Mark Lomas and Kirsten Wolfe, Santa Barbara Film Festival
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January 29th, 2014 · Santa Barbara Real Estate
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