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Santa Barbara & Goleta, CA REO Alert – Two Hot Bank-owned Property Deals
There are two REO’s (Bank-owned properties) that just recently came on the market which we wanted to make all of our clients aware of as they are sure to sell quickly.
569 Sweet Rain Place is a Storke Ranch townhome which just came back on the market yesterday, and currently is the lowest priced home in the development at $473,350. With 3 bedrooms, and 2.5 bathrooms, this home offers a great location, newer construction, and excellent square footage for the price. This property has great proximity to USCB, Costco, an the beach and they make great rentals as well to younger families, USCB faculty/staff or students. This townhome also offer a 2-car garages, a private yard, and great shared community amenities like tennis courts and pools in the development. You can find the full details here: 569 Sweet Rain,Goleta, CA 93117.
569 Sweet Rain Place, Goleta, CA
7769 Wagon Wheel Drive is a large 5 bedroom, 3 bathroom single family home in Winchester Canyon (North Goleta). This property sold for over $1.1 million in 2005 so the current asking price of $610,000 is an incredible value. This is a rare opportunity to buy a large home located in arguably the most desirable high school in the area: Dos Pueblos High School district. Full property details are located here: 7769 Wagon Wheel, Goleta, CA 93117
7769 Wagon Wheel Drive, Goleta, CA
If you are interested in either of these Goleta REO’s please contact Daniel Zia (805-637-7148, daniel@theziagroup.com). Daniel and the rest of the Zia Group team are ready to assist you in your Montecito home search. You may also visit our website www.theziagroup.com for detailed information on Santa Barbara Neighborhoods as well as many helpful resources such as Automatic Email Home Finder. Thanks for visiting the Santa Barbara Real Estate Blog.
Top 5 Santa Barbara Real Estate Blog Posts of 2010
Daniel Zia
At the end of the year WordPress sent us these interesting statistics summarizing the overall activity on the Santa Barbara Real Estate Blog and we thought it would be fun to pass this info along to our readers. Thanks again to everyone for following us in 2010, and we look forward to providing you with the latest Santa Barbara Real Estate news and information in the upcoming year.
-The Zia Group (Your Santa Barbara Real Estate Resource)
The stats helper monkeys at WordPress.com mulled over how this blog did in 2010, and here’s a high level summary of its overall blog health:
The Blog-Health-o-Meter™ reads Wow.
Crunchy numbers
A Boeing 747-400 passenger jet can hold 416 passengers. This blog was viewed about 5,600 times in 2010. That’s about 13 full 747s.
In 2010, there were 101 new posts, growing the total archive of this blog to 160 posts. There were 180 pictures uploaded.
The most popular post of the year was Stunning 3 Bedroom for $749,990 Just Listed at 1411 Clearview | Open House This Saturday 2-4pm.
Attractions in 2010
These are the posts and pages that got the most views in 2010.
Stunning 3 Bedroom for $749,990 Just Listed at 1411 Clearview | Open House This Saturday 2-4pm May 2010
3 comments
Unbelievable Santa Barbara Spanish home w/ Ocean views & Pool for $490k May 2010
3 comments
Upcoming Santa Barbara REO under $400k March 2010
2 comments
Santa Barbara REO Alert! 4/2 (2,465 SF) Spanish-Style Ranch on 7.5 acres for Under $1 Million! April 2010
1 comment
Newer Construction Downtown Santa Barbara Townhome Condo for $499k March 2010
If you have any additional questions about the Santa Barbara Real Estate market, please contact Santa Barbara Realtor Daniel Zia (805-637-7148, daniel@theziagroup.com). Daniel and the rest of the Zia Group team are ready to assist you in Santa Barbara home search. You may also visit our website www.theziagroup.com for detailed information on Santa Barbara Neighborhoods as well as many helpful resources such as Automatic Email Home Finder. Thanks for visiting the Santa Barbara Real Estate Blog.
Santa Barbara Home Sales Report for October 2010
Since 2005, recognized as the peak of the Santa Barbara market, the Santa Barbara home sales data for the month of October has seen significant variability each year. While generally sales and home prices have been dropping slightly, the last year-and-a-half by many indicators besides this month-over-month comparison has appeared to be very flat. While we like to provide these month-over-month comparisons, we highly recommend NOT drawing conclusions for them, as longer periods of comparison (i.e year over year) are better indicators of market shifts and changes. Given the smaller number of sales in a shorter time period (one month) the data is less consistent as a longer term analysis. Stay tuned for a more in-depth market analysis with conclusions on market trends, which will be posted at the end of the year.
The following Santa Barbara home sales charts below have been provided courtesy of First American Title which details the data by area.
If you have any additional questions about the Santa Barbara Real Estate market, please contact Santa Barbara Realtor Daniel Zia (805-637-7148, daniel@theziagroup.com). Daniel and the rest of the Zia Group team are ready to assist you in Santa Barbara home search. You may also visit our website www.theziagroup.com for detailed information on Santa Barbara Neighborhoods as well as many helpful resources such as Automatic Email Home Finder. Thanks for visiting the Santa Barbara Real Estate Blog.
South Santa Barbara County Sales Report – September 2010
Good news for homeowners in the Santa Barbara area: the September home sales data shows a rise in housing values and an increase in total sales of homes over $1 million compared to the same period in 2009. The average price of homes sold jumped up over $200k to $1.32 million since September 2009, and median price of homes sold also increased by over $100k to $795,000. It is important to note the significance of these price increases because they represent the first time since September 2007 that average and median home prices in September did not drop in South Santa Barbara County. The following charts display the September home sales data broken down by area for South Santa Barbara County.
If you are interested in more details about the Santa Barbara real estate market, please get in touch with the Zia Group by visiting our Santa Barbara real estate website or by emailing Daniel directly (daniel@theziagroup.com). The Zia Group team is ready to assist you in your Santa Barbara real estate search, and our website is our first step in serving you. Visit today to research Santa Barbara and Montecito neighborhoods, local real estate trends and more. And as always, thanks for visiting the Santa Barbara Real Estate Blog.
Zia Group Closes Santa Barbara Short Sale in Record Time
Homes that are being sold as a “Short Sale” are often an absolute nightmare for all parties involved in the transaction process. Santa Barbara short sales are properties which are currently in the process of foreclosure, and in some cases it can take 8-10 weeks (or more) to get the banks final approval on the sale of these type of properties. That is why the Zia Group is so pleased that to bring our client this beautiful Santa Barbara short sale property on Micheltorena Street while waiting only 1 week for the banks approval on the sale. While it is very unfortunate for the Seller that such a beautiful home should fall into foreclosure, we were very happy that we were able to find the right buyer and bring the closing process together in such a short time.
Santa Barbara Short Sale
Buyers comments on working with the Zia Group – “Daniel was always a step ahead of each of the many obstacles current buyers are met with. He had a ready list of competent tradesman for the numerous reports and inspections that are required, and scheduled all of them as if directing a well-practiced orchestra! We will recommend Daniel’s services to friends and family, feeling confident in his patience, professionalism, and fully deserving of our trust.” – The Ray’s
Santa Barbara Short Sale
The Zia Group is fully prepared to assist you in buying a home in Santa Barbara, whether it’s a tricky short sale, or a Santa Barbara REO, we have the experience and expertise to deliver results. If you would like more information on Santa Barbara Short Sales or if you would just like to get more information on a specific property, please contact Daniel Zia (805-637-7148 – Daniel@ZiaGroup.com) or visit our website at www.theziagroup.com. Thanks again for visiting the Santa Barbara Real Estate Blog.
Zia Group Closes Complicated Short Sale with Santa Barbara Ocean, City & Harbor View Estate ($925k)
The Zia Group is pleased to announced the closing of this beautiful Santa Barbara Riviera home for our buyer client. This rare and serene Santa Barbara Short Sale property is tucked away in privacy yet open to a panoramic view of Santa Barbara’s ocean, city and harbor. This 2,850 square foot, 4 bedroom, 3 bathroom home offers tremendous potential, sitting on just over one half-acre with a detached three car garage below the Artist’s studio. Given that the original listing price of this property was $1,695,000 and the adjacent home on a smaller lot sold for $1,525,000 just over a year ago, this sale ($925,000) represents an excellent value secured for our clients with lots of upside potential with strategic remodeling and upgrades.
Santa Barbara Short sale
Ocean View from Eucalyptus Hill Estate
Congratulations Jeff and Eric on your new Santa Barbara home and thank you for choosing the Zia Group to help you in your real estate search. Our clients were first time home buyers co-investing in this project home and had this to say about their home buying experience:
“Daniel proved to be an excellent real estate agent while assisting me in buying my first home. I was new to everything, and Daniel was quite helpful and explained the process very well.” Eric D.
“Daniel Zia is incredibly knowledgeable about the Santa Barbara area and always on top of the great real estate deals. We made several offers during the course of our search, and on several occasions he was able to frame our offer as the most appealing to the seller despite being priced lower.” Jeff S.
The ZiaGroup is ready to assist you in your Santa Barbara Home Search. We offer a comprehensive list of customized services for our clients and develop specific Santa Barbara MLS searches for your specific criteria. To learn more about the Short Sale process and how to navigate these complicated waters as a home buyer, contact Daniel Zia, your Santa Barbara Realtor, by email (Daniel@ZiaGroup.com).
Santa Barbara Luxury REO Alert! Historic Santa Barbara Estate
This is a unique opportunity to own the San Roque estate that was once home to the Jordano family who founded the well know national food and beverage distribution company bearing their family name. This classic hacienda style estate built in 1948 has 3 bedrooms, 3.5 bathrooms, beautiful hardwood and Spanish tile floors, custom tiled pool, detached 4 car garage, and horse facilities. At $1,795,00, this Santa Barbara REO, presents an excellent value on a truly unique offering as these type of old world estates are extremely rare in San Roque. While the estate offers privacy and seclusion you are still only a short distance away from the shopping, dining, and amenities on Upper State street including the YMCA, Santa Barbara Pack & Post Office Solutions, Whole Foods, and Trader Joes.
Poolside at the Jordano Estate in Santa Barbara
If you would like to get additional information about this property or any other Santa Barbara Homes please contact Daniel Zia (805-637-7148 – Daniel@ZiaGroup.com) or visit our website at www.ZiaGroup.com. Thanks again for visiting the Santa Barbara Real Estate Blog.
Stunning 3 Bedroom for $749,990 Just Listed at 1411 Clearview | Open House This Saturday 2-4pm
The Zia Group just listed this charming and remodeled Spanish/Mediterranean home located on one of the Westside’s most quiet and desirable streets with stunning mountain views. As one of the largest homes in the area (1,749 SF), it offers old-world charm (Fireplace, coved ceilings, wood floors) with an open layout and three large bedrooms each with a walk-in closet. This low maintenance and beautiful Santa Barbara retreat has easy access to downtown and the beach. Here are the full listings details with over 20 images of 1411 Clearview Road.
1411 Clearview - Santa Barbara 3 Bedroom
1411 Clearview | Santa Barbara Retreat
1411 Clearview Road | Mountain Views
Stop by the open house this Saturday from 2:00-4:00pm or Sunday from 2:00-5:00pm at 1411 Clearview (map) to see the interior and green surroundings for yourself. If you have more questions about this Santa Barbara home, contact Daniel Zia (Daniel@ZiaGroup.com).
For those of you that are out-of-town, here is a complete 10-minute walk-thru of the property that will bring the view and other property attributes to life.
Questions for Today’s Market: What Is A “Back-Up” Position?
The Zia Group recently had a client that placed an offer on a Santa Barbara home, and, like many properties in our current “fast paced” market, the property had multiple offers on it. The sellers really connected with the Zia Group buyers and liked their offer, but unfortunately there was a buyer with a higher offer (Price) and a higher down payment. In today’s market, buyer qualifications are paramount. From the seller’s point of view (or bank for Santa Barbara REOs), a higher down payment can translate to a higher chance of securing a loan and closing escrow. The Zia Group client experienced the “back-up” position first-hand as the seller of this particular property decided to accept another offer and extend my buyer a counter offer for back-up position.
Santa Barbara Home
A “back-up” position is essentially a full acceptance subject to the cancellation of the first buyer’s contract. So, if the buyers who are moving forward in escrow decide NOT to purchase the home during their contingency period, the buyers in back-up position would move directly into escrow. In this case, the home would not come back on the market and other interested parties could only place offers on the property subject to back-up position to the buyers who had been waiting in the first back-up position. It can be confusing, but there can be as many “back-up” positions subject to the cancellation of the buyer in line in front of you as the sellers and buyer agree to.
Santa Barbara Property
Now, being in a back-up position can be a double-edge sword. On one hand, the property is locked up in contract. For a hot property that is getting lots of interest, this could prevent a potential multiple offer and re-negotiation situation that you could encounter. That said, if you just happened to place an offer at the same time as one other party, you could run the risk of giving the seller more leverage with their current buyers by waiting in back-up position. The seller may not be as agreeable to the current buyers’ (who are in escrow) demands as far as requests for repairs, and the like. If you are considering being in a back-up position, it’s often wise to be aggressive in your price and terms to try to “sweeten the deal” for the seller and increase their desire for the first buyer to fall out of escrow. If your offer is less attractive (and most likely would be as they chose another offer), the seller has less reason to want the first buyer to fall out of escrow and may agree to small request for repairs and other items requested by the buyers.
Bottom line, it’s best to consult the qualified Santa Barbara Realtor you are working with as it really comes down to a case by case basis given the property, its relative value, your interest in it, and the current market climate. For more Santa Barbara real estate information, visit the Zia Group’s comprehensive Santa Barbara real estate website. Thank you for visiting the Santa Barbara Real Estate Blog.
