The Santa Barbara Groups Real Estate Blog

Today and tomorrow we will have an open house at the remodeled 3 bedroom 2 bathroom craftsman style home for sale located near downtown Santa Barbara. This is a turnkey home with modern amenities and classic style. Enjoy the private yard space with lawns and fruit trees or sit on the front porch to relax the afternoon away. Have a great day everyone.

Best Regards,

Joe Parker

805-886-5735

I just got back from viewing some homes for sale, new listings that were open today on thy on the brokers caravan tour and the way the market is heating up I am sure most will be sold by Monday. It is amazing how many home buyers are off the fence and writing offers. We have multiple offers and over asking bids on almost everything below $600,000....crazy!

We have some pocket listings, homes for sale that are not in the MLS available on the Mesa in Santa Barbara. If you want to buy a home on the Marine Terrace of the Mesa give me a call. I know of a 5 bedroom 3 bathroom that is not on the market. I also know of a 3 bedroom 2 bathroom with ocean views on the upper Mesa.

I have an open house in Montecito at 2150 East Valley Road this Sunday from 1-4pm. It is a 4 bedroom 3 bathroom on an acre for $2,250,000. Come check it out and say hi.

Have a great weekend everyone,

Joe Parker

805-886-5735

Sold! The Santa Barbara group gets another buyer into a downtown townhome just in time to enjoy all the upcoming summer time festivities. Please help us out by referring us to anyone you hear wants to buy or sell real estate in Santa Barbara. Thanks...cheers!

www.SantaBarbaraAreaHomes4Sale.com

Real estate professionals and the home sellers they represent often require confirmation of your credit worthiness and your ability to purchase for a given price when you have found a home and wish to make an offer. A letter of preapproval is critical and more important than a prequalification because it utilizes credit and preliminary underwriting approval. When you are ready to apply for a preaproval, you will need to provide requested documents including

Income information, Business information, Additional property ownership documents, Credit information, and ID.

We work with several professionals that are outstanding mortgage brokers and would be happy to connect you with them to get the process started.

Give me a call today to discuss your situation at 805-886-5735

When you are ready to buy a home, wether it is your first time or maybe it has been a long time since you've applied for a mortgage, there are steps you need to take in order to be ready to act when you find the right property. This is the first in a series of post to guide you through the process.

Start off by asking around for a referral to a mortgage broker or go to your bank and ask to speak with one. You will have an initial consultation where you will share your financial needs, goals, and current situation to determine your next steps, and for information, as needed, on what you may qualify to borrow.

Inquiry stage: You provide information on your income, assets, liabilities, and real estate owned, if any.

Consultation stage: In addition to the information needed for the inquiry stage above, you also provide written consent(s) to pull your credit report(s).

Your mortgage consultant will work up your numbers to help you understand your financial options.

Please call Joe Parker at The Santa Barbara Group at 805-886-5735 for all your real estate questions. Always offering free professional advice and consultations.

The Santa Barbara real estate market is really looking good for first time buyers who can manage to get a loan. If able to pull this feet off, started homes and condos are lining up with what it would cost to rent. Who wouldn't rather be living in their own home paying down principle instead of paying someone elses mortgage? If you have been renting and want to learn if buying is the right move for you, contact us for a free consultation.

Joe Parker

805-886-5735

SOLD! First closed deal of 2012 for The Santa Barbara Group. Beautiful 7 acre ocean view lot on Mountain Drive above Montecito. Looking forward to helping more people achieve their real estate goals this year. If you want to buy real estate or sell real estate in the Santa Barbara area, lets talk about those goals. Always available on my cell phone at 805-886-5735. Have a great day! Joe

With loans becoming harder and harder to qualify for we have to always be looking for more options. The FHA loan program is looking very attractive these days especially for investors who want to buy income property or reposition their real estate assets into a better performing one.

One thing I like about FHA is that a borrower can have up to 10 mortgages and still qualify. A lot of lenders will not give a mortgage to buy a property if the borrower has four or more. Another attractive aspect of FHA is the loan limits, they are $729,750 for a single family residence, $934,200 for a duplex, $1,129,250 for a triplex and $1,403,400 for a fourplex. Check out this link for more details on FHA loans.

Give me a call for a free and friendly consultation about your real estate goals. Weather you want to buy a home in Santa Barbara or sell your estate in Montecito, we are experts ready to help.

Joe

805-886-5735