Voted Best Real Estate Company in SLO County in the 2017 New Times Reader Poll
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COAST GUARD & HARBOR PATROL

Morro Bay is not just a beautiful charming bayfront- oceanside city-

On the northern most end of the embarcadero – just past the commercial fishing boats – you will find the coast guard and harbor patrol of Morro bay.

-the coast guard is the building on the left- harbor patrol the one on the right-


and here is a coast guard vessel getting ready to deport -out the  mouth of the bay to the ocean.

Written by Lynn Bates - Go to Lynn's Website/Profile
LYNN BATES, Keith Byrd Team, North Coast Realtor of San Luis Obispo County including Morro Bay, Cayucos, Cambria and Los Osos. 805 458-4409. Lynn@LynnBates.Com
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Tips for Home Sellers

6 Reasons to Reduce Your Home Price

While you’d like to get the best price for your home, consider our six reasons to reduce your home price Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price.. Read

Written by Keith Byrd - Go to Keith's Website/Profile

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Green Moving Tip-Share a Box

Two green minded REALTORS® created a free web site to connect people who need boxes with people who have boxes and wish to share and recycle them. We all know moving is a chore and adding to the stress is gathering up, and worse buying, boxes. You never seem to have enough and then when you’re done moving you don’t know what to do with the mass of cardboard left over. If you are preparing to move or recently moved, check out their web site www.shareabox.com. It’s a great concept for those of us who believe in doing what we can to save the earth and also enjoy helping others.

Written by Keith Byrd - Go to Keith's Website/Profile

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Rate Update

Weak economic data and continued low inflation numbers moved mortgage rates a little lower last week. Manufacturing in the US contracted 0.4% in June, the most in a year. Retail Sales fell in June for a second straight month. The disappointing 0.5% decrease followed a 1.1% drop in May. The Fed, along with many other investors, revised their forecast for economic growth lower for the second half of the year. US consumers echoed that sentiment as Consumer Confidence fell in July to the lowest level since August 2009. Meanwhile, the Consumer and Producer Price Indices continued to show that inflation is not a concern in the short term. Core CPI increased at a very low 0.9% annual rate. The stalled economic recovery and low inflationary pressure has made investors willing to purchase safer assets such as mortgage-backed securities (MBS) at relatively low yields, keeping interest rates at historic lows. Currently, the 30-Year Fixed is at 4.250% (4.398% APR) and the 15-Year Fixed is at 3.750% (4.012% APR). This week’s data will focus mainly on housing data, including Housing Starts and Existing Home Sales.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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ROCK TO PIER RUN

This morning was the 41st annual Rock to Pier run.  It is a popular event that begins at the Morro Bay Rock and ends at the Cayucos Pier- about a 6 mile run/walk along the ocean shoreline.

I arrived at the rock about 9:08… no participants in sight-  some already arriving at the Cayucos Pier-no doubt- but the band was still playing some nice Ragtime-Jazz music.

Written by Lynn Bates - Go to Lynn's Website/Profile
LYNN BATES, Keith Byrd Team, North Coast Realtor of San Luis Obispo County including Morro Bay, Cayucos, Cambria and Los Osos. 805 458-4409. Lynn@LynnBates.Com
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Real Estate is Local!

I just got a call from someone looking for the agent representing a property that is in escrow. They have been unsuccessful in finding who it is and asked if I could help. With some investigation, I found the agent is from out of the area (Northern California). Out-of-area agents do sell properties in SLO County. Having a California real estate license allows a Broker to handle property transactions anywhere in the state. But while this is possible to do, is it the best choice to have an out-of-area agent represent them?

While brokers (and agents) can sell anywhere in California, this doesn’t mean that they have access to property information that they would in the community where they live. To gain access to the Realtor Multiple Listing Service (MLS) in an area, the Broker (and then agents) need to join the local MLS Association which costs $$$.  Most out of area agents only sell a property on the Central Coast when they have an opportunity (like when someone they know in Bakersfield is looking to move here, they’ll say “Let me represent you”).  Those agents aren’t going to join our local MLS for that one transaction as both their Broker and the agent would need to join and it would take too much away from their commission they want to get. And let’s be honest, the only reason that an agent would represent a Buyer in an area that isn’t their expertise is for the commission, not because they think they can provide the Buyer with good service.

Another disadvantage of using an out-of-town agent not belonging to the Central Coast MLS is that they don’t have key cards to be able to show properties. You have to belong to the MLS to get key cards.

One of the biggest pieces that an out-of-area agent is missing is the local expertise. They don’t know what’s going on in cities and neighborhoods. They don’t have experience with the local escrow representatives, appraisers, pest inspectors, lenders, painters, contractors,  and other agents. When the property is in escrow, they will be trying to fix any problems that may come up from hundreds of miles away.

What most people (and some out-of-area agents) don’t know is that the out-of-area agent isn’t entitled to be paid any commission that’s offered by the Seller to the Buyer’s Brokerage.  Commission sharing is something that is agreed upon by Brokerages within the same MLS and a broker isn’t obligated to share any commission with a non-MLS member. Some brokers will refuse to share commission with out-of-area agents. I can’t blame them if the out-of-area agent didn’t provide a service, like showing properties to their client.  Having their client come to the Central Coast and calling the Listing Agents of properties to get them  to show them  isn’t a service. Unfortunately, the agent’s commission becomes an issue in a lot of these transactions which doesn’t really help either the Buyer or Seller.

If I’m going to buy a home in an area, I would want to have the agent that represents me be local!

Written by Keith Byrd - Go to Keith's Website/Profile

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CAYUCOS- 4TH OF JULY

If you have not yet experienced the 4th of July in Cayucos- I strongly
recommend it!  The entire town becomes a celebration- like a mini mardi gras (without the nudity).
The day starts with the sand castle contest, followed by the main street
parade- then on to a little afternoon BINGO in the Vet’s Hall…and ultimately- the fireworks on the pier.
Here are just a few shots to give you some idea- but as with most things-
it is better when experienced first hand.

Written by Lynn Bates - Go to Lynn's Website/Profile
LYNN BATES, Keith Byrd Team, North Coast Realtor of San Luis Obispo County including Morro Bay, Cayucos, Cambria and Los Osos. 805 458-4409. Lynn@LynnBates.Com
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To Wait or Not to Wait?

I wince when a client or friend tells me they are watching a great property.  Disappointment can hit these folks hard when that home goes into escrow.  Worse yet is to get the momentum up to see the property only to hear there is one or more offers being considered.  As an agent I try to be proactive in order to get my clients the best shot at a good price on a great property.  If a property appeals to you and it’s in your price range, it is worth serious consideration.  More than one potential buyer is going to spot a good value when they turn up.  Here in Northern San Luis County the solid properties often have more attention than most buyers are prepared to deal with.  The tactic I share with buyers is to seriously investigate any property that appeals to you……and do this quickly so as to avoid a bid-up situation.  You don’t have to buy it.  But grab your agent to gather more info or……….at the very least……….get the address and drive by the property!

Written by Nancy Heins - Go to Nancy's Website/Profile
Nancy Heins, Keith Byrd Team, North County Realtor of San Luis Obispo County including Paso Robles, Atascadero, Templeton and Santa Margarita. 805 458-3583