Seller Information

Thumbnail image for Surprise: New garage door tops list of high-impact, affordable home  improvements!

Surprise: New garage door tops list of high-impact, affordable home improvements!

by Marsha Willingham August 23, 2013 Latest News

 

You’ve finally scraped together some money to improve the looks of your house.
Problem: Every project costs too much or produces a minor improvement.
Solution: A stunning new garage door. A front-facing garage door packs a big punch and dramatically improves the curb
appeal of the entire home.  That’s one of the big revelations from the 2012-2013 Cost …

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Thumbnail image for Interesting Homeowner Stats – San Luis Obispo Real Estate

Interesting Homeowner Stats – San Luis Obispo Real Estate

by Marsha Willingham August 6, 2013 Buyers Information

Types of Loans Buyers Chose:

49% conventional loan       33% FHA loan          10% VA loan

Of buyers, 92% chose a fixed-rate mortgage.   Over the last decade, interest rates have averaged between 5% and 6%.

37% of households use more than 30% of their income for housing and 18% use more than …

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Thumbnail image for Condos for Sale in San Luis Obispo, Californnia

Condos for Sale in San Luis Obispo, Californnia

by Marsha Willingham May 1, 2013 Buyers Information

Click on my Condo Complexes button to view photos of all complexes in town!

 

See all City of San Luis Obispo Properties For Sale.

(all data current as of
3/21/2014)

$232,750
:
1039 Southwood Dr, Unit F, San Luis Obispo

1 bed, 1 full bath
Home size: 966 sq ft
Lot size: 967 sqft

Year built: 1987
Days on market: 2

$261,250
:
1041 Southwood Dr, …

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Thumbnail image for Base Year Value Transfer – San Luis Obispo County

Base Year Value Transfer – San Luis Obispo County

by Marsha Willingham April 30, 2013 San Luis Obispo Real Estate

 

PROPOSITION 60 is a constitutional amendment, approved by California voters, that provides property tax relief under certain circumstances. Essentially, what Prop 60 does is allow qualifying property owners to replace their primary residence with a new home of EQUAL OR LESSER VALUE and maintain their same tax base.

Why, you might wonder, would anyone want to do …

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Thumbnail image for Refinance program for underwater borrowers extended two years

Refinance program for underwater borrowers extended two years

by Marsha Willingham April 12, 2013 San Luis Obispo Real Estate

A popular government program enabling underwater borrowers who are current on their mortgages to refinance at lower rates will be extended for two more years.

The Obama administration’s Home Affordable Refinance Program had been scheduled to expire at the end of this year. HARP now will run through 2015, regulators announced Thursday.

More than 2.2 million borrowers with …

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Thumbnail image for Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says – San Luis Obispo Real Estate

Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says – San Luis Obispo Real Estate

by Marsha Willingham December 26, 2012 Buyers Information

 

Home-price forecasts for 2013 are on the rise.

J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Standard & Poor’s, which rates private-issue mortgage bonds, on Friday said it expects a 5% rise in 2013.

The J.P. Morgan analysts boosted …

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Thumbnail image for Top Ten Things You Need to Know About the 3.8% Tax – San Luis Obispo Real Estate

Top Ten Things You Need to Know About the 3.8% Tax – San Luis Obispo Real Estate

by Marsha Willingham October 2, 2012 Seller Information

1) When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you will NOT be subject to this tax.

2) The 3.8% tax will NEVER be collected as a transfer tax on real estate of any type, so you’ll NEVER pay …

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Thumbnail image for Legacy Drawer: Keep Your Family Prepared – San Luis Obispo Real Estate

Legacy Drawer: Keep Your Family Prepared – San Luis Obispo Real Estate

by Marsha Willingham September 19, 2012 Buyers Information

 

Legacy Drawer: Keep Your Family Prepared
Don’t overlook this essential part of your financial plan
from daveramsey.com

So what is a Legacy Drawer?  Basically, it’s a drawer that houses all of the important information your family needs in case something happens to you. Preparing for when you are no longer here is not a fun task, but it’s crucial …

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FHA may loosen limits on condo mortgages – San Luis Obispo condos for sale.

by Marsha Willingham May 21, 2012 Buyers Information

FHA may loosen limits on condo mortgages.  Good news for San Luis Obispo County and condominium buyers and sellers.

The revisions could remove at least some of the obstacles that have dissuaded condo homeowner association boards from seeking approval or recertification of their buildings for FHA loans.

By Kenneth R. Harney,  LA Times, May 20, 2012

WASHINGTON — …

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Obama Administration expands foreclosure relief program – San Luis Obispo Real Estate

by Marsha Willingham January 30, 2012 How's The Market

Struggling homeowners are set to get more help from the federal government as the Obama Administration extends its key foreclosure prevention plan for a year.

The administration will also add the number of people eligible for the program to include investors and will increase incentives for large banks to modify more troubled mortgages.

Originally set to expire …

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