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
I hope everyone is excited as I am about the year to come. Real estate will be a big story this year and a lot of buyers will be investing in Santa Barbara real estate. Prices have dropped significantly and interest rates remain super low. There are a lot of cash deals happening as well, with investors being drawn to Santa Barbara real estate because of the high rents, high demand, and minimal future sprawl...they are not making much more of it here in Santa Barbara.
If you have real estate goals to buy a home or sell a property, then please give me a call today to form a plan. Our consultations are always free and friendly.
One of my goals is to start posting videos on this blog and here is my first one. Click Here
Happy New Year Everyone!
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