Voted Best Real Estate Company in SLO County in the 2017 New Times Reader Poll
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New Listing! Great Price for 3 Bdrm 2 Ba in Orcutt

Orcutt listing

3 beds 2 baths. This upstairs end unit has a south-east facing balcony perfect for hanging out, barbecuing etc. it is sheltered from our Santa Maria winds! Being an end unit there is an additional window which keeps this home bright and sunny. The Kitchen includes refrigerator, dishwasher, stove, microwave and garbage disposal Upgrades in the house include newer carpet (1 year old approx.), the fan over the breakfast area, a new goose neck faucet in the kitchen sink, stacked washer and dryer (just over 1 year old). and new facets and shower heads in both bathrooms. The two covered parking spaces in the carport are conveniently located.
Bernie Davidson 805.878.6897

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

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New Listing! Beautiful 4 Bedroom One Story

Beautiful 4 bedroom, one story home with a three car garage in Orcutt! This lovely home offers a nicely sized kitchen with breakfast bar, breakfast area & formal dining room & nicely sized family room. Off of the dining area is a great ”bonus” room, perfect for a large home office, game room or ? The master suite is situated in the back for privacy & features dual sinks, lots of closet space & a cathedral ceiling with access to the back yard. The 3 guest rooms share a large hall bath complete with dual sinks & a separate tub/shower area. Enjoy an indoor laundry room, too. A large, beautifully landscaped backyard has a generous sized brick lined patio for those Santa Maria BBQ’s and still allows plenty of room for those outdoor games the California weather allows us to enjoy year round.
Wendy Teixeira 805.305.3505

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

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New Listing! 2,300 sqft. Home in Santa Maria

This one story home offers over 2300 sq ft of beautiful living space. There are two nicely sized bedrooms & a large office situated on the north side of the home. The owner’s suite will check off all your boxes: fireplace, walk in closet, dual sinks, garden tub and walk in shower – all in calm, neutral colors. The family room has a lovely fireplace & is the focal point also enjoying lots of natural light & is open to the kitchen and dining areas. The gourmet kitchen features a working island, built in desk & pantry. You’ll also find another bedroom, indoor laundry and finished two car garage. But be sure to take a peek outside, the little pond, patio areas and lush landscaping are sure to please!
Wendy Teixeira 805.305.3505

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

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New Listing! Fantastic 4 Bedroom 3 Bath Home

Welcome to 570 Raymond! This one of a kind home offers unique features! Beginning with amazing Mexican Driftwood rock, 10 ft windows, solid ”old fashioned” lath & plaster walls, gorgeous antique wood stoves, slate flooring, & more all on a private acre. This 5 bed/4 bath home even offers fun entertaining options including a large area with a Santa Maria style BBQ, kitchenette, guest room & bath & large area for a pool table, jukebox or ? Just off the kitchen is a bright sunroom with wet bar, indoor spa & pretty cedar paneling with pass through windows to the kitchen. Enjoy 2 Jenn Air ovens, a built in grill, & roomy island in the kitchen along with rare, solid ”wormy chestnut” cabinets. The garage can fit a 30′ RV has 1/2 bath & 800 sq ft upstairs office, too! Too many amenities to list!!
Wendy Teixeira 805.310.3505

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

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New Listing! Knightbridge Gated Community

Knightbridge – Gated community – just off South Miller. This cute and spotless three bedroom, two bath home has gorgeous colors and amenities, from the remodeled kitchen complete with beautiful cabinetry, pretty flooring and lots of counter space. The kitchen and dining areas are open to the family room — with natural light everywhere. The family room offers wood beamed, cathedral ceilings and an awesome fireplace. This cottage has a cute backyard, covered patio and fresh landscaping! All of this and an indoor laundry, too! Hurry – this one is priced to sell.! All you need to do is unpack!
Wendy Teixeira 805.310.3505

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

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New Listing! Turnkey Country Living

Turn-key country living! Welcome to 4225 Farousse Way, a single level recently renovated 3 bedroom/2 bath home on two acres of usable land. This turn-key home has amenities sure to impress such as: NEW stainless steel appliances, NEW granite countertops, NEW fixtures & faucets, NEW interior & exterior paint, NEW laminate flooring, NEW vinyl windows, NEW composite decking, NEW roof and much more! A fenced paddock allows for immediate placement of horses, 4H or FFA project. Recently drilled well has an impressive 800′ depth.Open canvas acreage with small orchard is ready for your landscaping ideas. Call to view this wine country charmer today.
April Fehrer 805.610.0345

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

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FHFA Announces New Maximum Conforming Loan Limits for 2018

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017.

Baseline Limit

The Housing and Economic Recovery Act (HERA) requires the baseline conforming loan limit be adjusted each year for both Fannie Mae and Freddie Mac, this change reflects the change in the average US home price. The FHFA published its third quarter 2017 House Price Index (HPI) report, which includes estimates for the increase in the average US home value over the last four quarters. According to FHFA’s seasonally adjusted, expanded data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017. Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage.

High-Cost Area Limits

For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit, the maximum loan limit will be higher than the baseline loan limit. HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a “ceiling” on that limit of 150 percent of the baseline loan limit. Median values generally increased in high-cost areas in 2017, driving up the maximum loan limits in many areas. The new ceiling loan limit for a one-unit property in most high-cost areas will increase to $679,650, or 150% of the baseline limit of $453,100.

Central Coast High-Cost Limits

Many areas of California will continue to be considered high-cost in 2018.  The maximum loan limit will increase in San Luis Obispo County from $586,500 to $615,250.  The limit in Santa Barbara County will remain unchanged at $625,500.  The Ventura County loan limit will increase from $636,150 to $672,750.

  • For a list of the 2018 maximum loan limits for all counties and county-equivalent areas in the U.S. click here.
  • For a map showing the 2018 maximum loan limits across the U.S. click here.
Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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CCL Market Update

Mortgage Applications

Purchase applications for home mortgages rose a seasonally adjusted 0.4 percent in the week of November 10th, a marginal increase that put the purchase index a sharp 17 percent above its year ago level. Applications for refinancing rose 6.0 percent in the week, taking the refinancing share of mortgage activity to 51.3 percent, 1.3 percentage points more than in the prior week and the highest share since September.

Jobless Claims

Jobless claims rose 10,000 but it’s not due to Puerto Rico. Initial claims in the week of November 11th came in at 249,000 vs. the expected 236,000 but claims in Puerto Rico which have been backed up since September when Hurricane Irma appeared, totaled 6,565 which is down from the prior week’s 8,2181. Claims in Puerto Rico are still about three times as high as usual which did contribute to the week’s overall increase. The four-week average was up a sharp 6,500 higher to 237,750, for the first gain for the average in seven weeks. Continuing claims have shown no hurricane effects and fell a sizable 44,000 in lagging data for the week of November 4th t5o 1.860 million. The unemployment rate for insured workers is down 1 tenth to a very low 1.3 percent. Despite the jump higher in the latest initial claims, the data points to very tight conditions in the labor market.

Housing Market Index

Home builders are reporting acceleration going into the year end with November’s 70 reading for the housing market index the best since March. Both current and future sales are very strong, each at 77 and traffic is improving up 2 points to 50 for the best reading since May. Strength in this report has not translated this year to strength in actual housing data though these results are favorable for housing start and permits data.

Housing Starts

Housing starts, and permits posted unexpectedly strong gains in October, up 13.7 percent for starts to a 1.290 million annualized rate and up 5.9 percent for permits to 1.297 million. All readings show strength including single family homes, up 5.3 percent for starts to an 877,000 rate and up 1.9 percent for permits to 839,000. Multifamily starts jumped 36.8 percent to 413,000 with permits up 13.9 percent to 458,000. Completions are a special positive up 12.6 percent overall to 1.232 million and adding immediate supply to a very thin new home market. This is the high3est level of completions since February 2008. Homes under construction were also up, 0.9 percent higher to 1.096 million. Housing started off the year strong and stumbled through a weak spring season and flat summer. The year on year rates have been held down by multi units, with total starts down 2.9 percent and permits up only 0.9 percent.

House Republicans Pass Tax Reform Bill

On Thursday house republicans passed a bill to cut taxes on businesses and individuals. The tax reform plan passed the chamber with 227 votes in favor and 205 against. The House plan would permanently chop the corporate tax rate to 20 from 35 percent and make other tweaks aiming to make businesses more competitive. It would reduce individual tax brackets to four from seven and make changes to several tax breaks.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing!

Sought after 3 F Meadows Westside gem. This almost 2,000 sq. ft. 3-bedroom 2 bath home is positioned on one of the most picturesque 2.6 acres in our county. Expansive great room and open concept design allows you to flow with ease through the gorgeous custom double entry doors, across beautiful wood floors, out onto the inviting deck. Imagine entertaining on this massive multi-level deck, with twinkle lights above in the surrounding oaks, overlooking the stunning valley. The immense kitchen has plenty of storage and permits engagement with guests or family as you are making the meal. The large master bedroom has a quaint freestanding fireplace, huge double entry closet and a slider that opens onto the deck. The potential of building a secondary dwelling unit or horse facilities are easy because of the paved access road leading to the usable acreage on the back of the property. There is separate access to the large storage space converted to a shop under the house. To cap it off, your own solar system which reduces your energy bill dramatically. Come make this house your home.
Sal Orlando 805.235.9770

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

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Tax Breaks for Fire Victims in Sonoma and Napa County

Napa County Assessor’s Post

CALAMITY REASSESSMENT AND PROPERTY TAX DEFERRAL
http://www.countyofnapa.org/Pages/DepartmentContent.aspx?id=4294980640

Property owners impacted by the 2017 Napa Fire Complex are eligible for a temporary reduction of their Proposition 13 base year value and deferral of the first installment of their 2017-2018 property tax bill. Click here to read the article.
Calamity reassessment relief and deferral of the first installment of property taxes (unless paid by your mortgage company) are available by filing an application. Click here for the application.
The application can be filed electronically with a digital signature. Click here to learn how to create a digital signature.
No further action is needed on your part unless we contact you for more information.
Questions or comments? Contact Napa County Assessor John Tuteur 707-253-4459 john.tuteur@countyofnapa.org

Sonoma County Assessor’s Post

Calamity Provision –  Overview

If a calamity such as fire, flood or earthquake damages or destroys your property, you can apply for reassessment on the improvement values

http://sonomacounty.ca.gov/CRA/Assessor/Real-Property/Tax-Savings/Calamity-Provision/

About the Calamity Provision

California’s property tax laws allow the Assessor to adjust assessed values after destruction of real or personal property caused by a calamity or misfortune.

The property must have suffered more than $10,000 worth of damage and the owner must file a claim form with the Assessor within 12 months of the date of the calamity.

Calamities do not include damage that occurs over time such as termite damage, gradual earth movements or vineyard diseases such as phylloxera.

There are slightly different rules that apply depending on whether the damage is caused by a widespread event that results in a Governor’s proclamation of disaster or by a specific misfortune such as flood, fire or landslide.
[Revenue & Taxation Code section 69.4]

Visit the State Board of Equalization for more information

Requirements

To be eligible for this tax relief:

  1. The application must be submitted by the person who was owner of the damaged property on the lien date (January 1) and who will be liable for the property taxes for the next fiscal year.
  2. The damage must have occurred due to misfortune or calamity without fault of the owner.
  3. You must apply within 12 months of the date on which the disaster occurred or within 60 days following the date an application form is mailed to you from the Assessor’s Office.
  4. The damage to your property must exceed $10,000 in value loss.
Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
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