Santa Maria homes Archives | Page 3 of 6

Santa Maria and Lompoc First Time Buyers, FHA Loan Info

January 10, 2010
Vandenberg AFB Homes
Buyer Info, Lompoc / Vandenberg Village, Santa Maria

What is an FHA loan? -- Essentially a FHA loan is a loan that is guaranteed by the Federal Housing Administration. Lenders typically do not want to lend unless on a home unless a buyer has a 20% down payment. If there is less than a 20% down payment, mortgage insurance is required. And, in today's market unless you have a credit score at least 720 or above you won't be able to get mortgage insurance.

825 Louisa Terrace in the Classics Homes at Bradley Square in Santa Maria CA

Beautifully maintained home in Bradley Square with loads of light. Built in 2005, 1809 sq. ft., 3 bedrooms plus den, and 2 full baths. Oversized master suite with french door entry, walk in closet, and deluxe tub with jets. Great room plan with vaulted ceilings and gas fireplace with granite surround. Kitchen features granite countertops, tile floors, and all major appliances are included in sale.

Does ‘Days on Market’ Always Tell the Whole Story?

December 31, 2009
Vandenberg AFB Homes
Seller Info

It's the end of the year and time to begin compiling data and drawing conclusions about what the real estate market was like in Santa Maria and Lompoc this past year. Often, sellers and buyers rely on "days on market" to tell them additional and useful information about the real estate market. However, as with any one statistic, days on market can be an unreliable and misleading indicator of true market conditions.

Orcutt View Park Townhomes, Old Orcutt CA Condo Update

December 30, 2009
Vandenberg AFB Homes
Santa Maria

Nestled between May Grisham Elementary and Highway 135 is a strip of cute little townhomes known as the Orcutt View Park Condos. These homes offer 3 bedrooms, two baths, a one car garage, and a birds eye view of community sporting events held in the sporting fields next to the school. They are about are about 1400 sq. ft. in size and the association dues are about $180 per month. Most of the townhomes offer a small patio and backyard. For those who wish to commute to Vandenberg AFB, the location is ideal; the commute time is about 15 minutes to the main gate.

The Hidden Pines Development, Santa Maria CA Gated Homes Community Update

December 28, 2009
Vandenberg AFB Homes
Santa Maria

Are you looking for a home in a gated community in Santa Maria? You may want to check out the homes in Hidden Pines. It is located near Preisker Park and across the street from the gated community of Regency Estates.

River Oaks Development, Santa Maria Homes Market Update 2009

December 26, 2009
Vandenberg AFB Homes
Santa Maria

Home to Jim May Park (an 11 acre park which includes a lake and walking trails) and Ida Redmond Taylor Elementary, the River Oaks development offers an idyllic setting which parallels the Santa Maria riverbed in northeast Santa Maria. Built from 1999 -2003, these homes range from 1400 sq.ft. up to almost 3000 sq.ft. in size. Current asking prices for active and pending homes in the River Oaks development range from $260,000 to $299,900. In the past 6 months, home sales prices in River Oaks ranged from $235,000 - $310,000.

Pacific Crest Development, Santa Maria Homes Update

December 25, 2009
Vandenberg AFB Homes
Santa Maria

Built by a local developer, Inland Pacific Builders, Pacific Crest is conveniently located on the south end of Santa Maria and a short 20 minute commute to the main gate of Vandenberg AFB. The Pacific Crest homes were constructed beginning about 2005, and the last few homes are still being sold by the developer. The floorplans are some of my favorites built in Santa Maria, with circular interior entries, spacious kitchens, and luxurious master suite options.

Lake Marie Estates, Orcutt Luxury & Executive Homes Update

Lake Marie Estates is a secluded enclave of executive and luxury homes in Orcutt, located east of Highway 101, off the Clark Avenue exit. When exiting 101 on Clark, instead of heading west toward downtown and Old Town Orcutt, head east toward the vineyards and wineries. Lake Marie offers a truly rural setting that is just minutes away from shopping and other conveniences.

Orcutt Luxury Home Update, Foxenwood Estates

November 30, 2009
Vandenberg AFB Homes
Santa Maria

The upscale Foxenwood neighborhood is popular with buyers due to its location, which is directly adjacent to Old Orcutt, and its proximity to Vandenberg AFB (15 minute drive to the main gate). The location of the development is off the beaten path, yet close enough to enjoy the amenities of downtown Orcutt. The Foxenwood neighborhood is bordered by other prestige areas such as Lorraine Estates, Deerfield Estates, and the new developement of Old Mill.

Santa Maria & Lompoc Buyers Betting on Appraisals to Save Them From Bidding Wars

November 20, 2009
Vandenberg AFB Homes
Buyer Info, Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info, Lompoc / Vandenberg Village, Santa Maria

There is intense competition for homes in the Santa Maria and Lompoc markets, especially for homes priced under $300,000. There simply aren't enough homes for interested buyers. It is not unusual when competing for a home to go up against 12 - 15 other buyers. And, some are pulling no punches when it comes to asking price.