Michael E. Anderson
Michael E. Anderson
Broker Assoc. ABR, RSPS BRE# 01417114
(805) 698 - 3770
Anderson Home Pros Real Estate
3471 Turtle Creek
Orcutt, CA 93455
805-698-3770

Where Are The Home Buyers Coming From

Home OwnershipAs we end the first quarter of the year there has been some very positive movements in the Central Coast Housing Market. Foreclosures are almost gone, Short Sales have dropped significantly, home values are up from last year which put many in a positive cash position. We are seeing homes selling in fewer days and for more money (which means appraisers are seeing increased value). So the question I am asked  “where are the buyers coming from“?

To answer this question I go back to what drives our market. For the past few years many homeowners lost their homes and ended up renting which had an impact on rental rates. These rental increases caused the scales to tip towards owning a home as the better housing investment (see previous blog at http://andersonhomepros.com/owning-vs-renting/). As stated below, the FHA is starting to lend again to those who lost their homes. Then there is the first time buyer who for the first time in years perceive they can now afford a home and that it is not the risky investment it has been over the last almost 8 years.  So those who were 18 just a few short years ago are now 26 and looking at their first homes. Interest rates are still at historic lows and that increases demand. Lenders are relaxing their stringent requirements and that relieves some pent up stress in the market. We are also seeing an increase in the business climate on the Central Coast. San Luis Obispo and Santa Maria seem to be increasing the employment base which has a direct impact on home sales. Move up buyers seem to be finally making the move since their home values increased and now their plans can move forward. I sense the market is coming back to a normal state where reasonable appreciation, reasonable interest rates, reasonable lending practices and reasonable expectations will drive the housing market forward. Continue…

Starting The New Year Off Right

 

Central Coast housing rebounds

As Central Coast housing rebounds it will require looking at your home with a new sense of real value. There are many ways to increase value but homeowners need to ensure any remodels or repairs bring the return on investment to maximize their efforts. Click on the link and see exactly what will put more money in your pocket when the time is right for you to sell. You should also consider the value of picking the right agent and company. Anderson Home Pros have been servicing the California Central Coast Home Market for over 30 years and will be here when you need us.

Cost vs. Value

NoProjectLeftUndone

Should now be the time you made the leap? Here are the real stats that will make your decision easier.

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Central Coast Real Estate Market Report

Santa Maria Market Report

Santa Maria, Orcutt, Santa Maria Valley Real Estate Market Report

Central Coast Real Estate

Santa Maria & Orcutt Housing Market Report

The Central Coast Real Estate housing market has cooled for the holidays, however it is progressing overall from last year at this time. Inventory (selection) for the North Santa Barbara county which includes Santa Maria and Orcutt Real Estate is up from 154 (Aug. 14 2013 to Oct. 13 2013) to 254 for the same time periods in 2014. Sales were brisk in October (see graph) over last year as well 108 vs. 126 in 2014. Foreclosures continue to drop and cash sales seem to be increasing… Santa Maria = 24 Lompoc = 13. Santa Maria, Orcutt and Lompoc continue to see an increase in builder confidence as the new housing tracts are being constructed at a rapid pace. This also adds to the inventory for all level of buyers. Interest rates have increased a bit and are now hovering around the 4% rate, which is still close to historical lows. Lenders seem to have eased the qualifications a little and this has helped many homebuyers into the market.

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Central Coast Thanksgiving & Home Tips

Happy Thanksgiving

Central Coast Home & Real Estate

Thanksgiving Prep Tips

1. Leave Cooking and Cleaning Behind These days, many people opt to go out for Thanksgiving, instead of cooking and cleaning at home. If you’re an extremely busy person, this may also work for you. If you don’t want to miss the feeling of being at home, lots of supermarkets and restaurants offer fully cooked Thanksgiving dinners. You simply pick everything up and place it on your table ready to be served, and if you must add a personal touch, make one special dish of your own.
2. Let’s Talk Turkey First, determine how much room you have in your freezer and refrigerator, and how many people you will be serving. Then, order your turkey. If you need more storage space, perhaps a neighbor or relative can help you out. Rather than defrosting a frozen turkey in water on Thanksgiving Day, defrost it a few days ahead in your refrigerator instead. This saves tons of time!
3. Check Your Inventory Check your supply of chairs, tables, dishes, glasses, pots, pans, serving plates and utensils. Arrange to buy, rent or borrow anything you don’t have.
4. Plan Your Meal Plan your meal from appetizers to dessert on a piece of paper. Make a list of all ingredients needed. Bring your list when you go shopping and check items off as you put them in your cart.
5. Cook Ahead Make any dishes that you can well ahead of time, and freeze them. On Thanksgiving Day, just defrost, heat and serve. You will save tons of time, plus you’ll be able to join in the festivities without being stuck in the kitchen.
6. Get Ready the Night Before You’ll be happy you took care of a few things the night before. Set the table. Get the good silverware out of storage. Lay out your wardrobe-and your kids’ wardrobes. Excerpt from Maria Gracia, founder of GET ORGANIZED NOW! Continue…

Home Remodeling-Not For The Faint Of Heart

NoProjectLeftUndoneAs a Central Coast Real Estate Broker I often get asked to do some rehab work on investors’ properties to ready them for sale. This year has been no exception. I started the year with a property built in the late 60s, and like most 50 year old homes it needed some updating: new counters, windows, plumbing fixtures and general cleanup and painting. A real surprise was the pipe from the house to the city sewer main which the prospective buyer had “scoped” by a local (and respected) plumbing company. They came back saying the pipe from the house to the sewer main was bad, de-laminated, with massive root invasion and just had to be replaced. Their plumbing company gave us an estimate of over $20,000 to replace the line. I hired an engineering company and they offered to change the line for a third of that price. The real kick in the head was we opened the old line… and there was NOTHING wrong with it! I was there when the backhoe uncovered it and it was it was in perfect condition. No collapsed or broken sections and water flowed at full force through the entire pipe! I am telling you this so you know that you must be there when they “scope” the line and see it for yourself. There are some major plumbing companies that are preying on the public and during a sales transaction most sellers want to please the buyers. Do not just trust a company just because they are large, have a fancy truck or show you a video from who knows when. Continue…