Thursday, December 30, 2010

San Luis Obispo Property - Deal Of the Week, Short Sale

646-646 1/2  Caudill St San Luis Obispo, CA  93401  - $459,000

This San Luis Obispo property is a Short Sale and is Two grandfathered 2 bedroom, 1 bath houses on one lot. Nicely landscaped front yard, rear fenced yard. Two single garages connected to back unit (one for each house). Newly painted, refinished hardwood floors. Perfect investment property and priced for multiple offers. Click here for more information and images. Contact Traci with any questions.

Traci Ferguson, REALTOR - San Luis Obispo
(805) 235-6396, (888) OK-TRACI

Wednesday, December 29, 2010

Meathead Movers - Your San Luis Obispo Movers

When you are looking to move after buying your first home or simply moving to the Central Coast, think of Meathead Movers to get your things moved safely and efficiently. As a Realtor in San Luis Obsipo, I proudly recommend them to my clients when they need a fast and reputable moving company. Meathead consists of a crew of professionally trained student-athlete movers.

Their additional services include; Concierge Service, Storage, On-Site Moving, Local & Long Distance Moving, Commercial Moving and Packing. Meathead understands the meaning of customer service. Moving is never fun but if you have to move, Meathead prides themselves on delivering the best possible moving experience to all of their clients.

They have been a fixture on the Central Coast for 13 years. With offices are all over California, you will be sure to get your things moved, hassle free. They have stores located in: San Luis Obispo County, Los Angeles County, Orange County, Santa Barbara County & Ventura County.

Need help Moving?

Meathead Headquarters

3600 South Higuera
San Luis Obispo, CA 93401
(866) THE-MEAT

Need help buying or selling a home?
Traci Ferguson, REALTOR - San Luis Obispo
(805) 235-6396, (888) OK-TRACI

Annual Polar Bear Dip - Cayucos

Here is a link to the festivities on Jan 1 2011.

Bring in the New Year by running into the ocean for the Annual Carlin Soule Memorial Polar Bear Dip in Cayucos! (Some in costume). For the brave/ insane and the people that love to watch. There is a certificate for each of the hundreds of people brave enough to participate.

Even if you just intend to watch, wear your bathing suit under your clothes and bring a towel - you just may decide to join in. (No wetsuits allowed - that's cheating.) This is the Annual Carlin Soule Memorial Polar Bear Dip. Festivities begin at 10 AM; all run into ocean as mass group at noon. Free certificates to all that take the plunge. (Most leave as mass group at 12:01, if not sooner.)

Times: 10 AM - 12:05 PM
Location: Cayucos Pier
Address: Downtown Cayucos
Event City: Cayucos
Phone: 805.995.1200
Sponsor: Cayucos Chamber of Commerce
Parking: Free on Street
Low Admission: Free

Traci Ferguson

Tuesday, December 28, 2010

What Income Should You Have to Get The Home You Want?

Your level of income is only one piece of qualification puzzle when you are in the market for the home of your dreams. Lenders will review other things, such as your credit score and your total amount of debt, when considering you for a loan. Remember, your debt takes away a big part of your income. So even if you meet the lenders general guidelines for income level, you'll be denied if you are paying too much money toward your other debts (because you would have less money left over each month to put toward a mortgage payment).

There are a few factors, but you can use 30% as a rule of thumb. In other words, most lenders want your annual income to equal around 30% of your mortgage amount. So based on this rule of thumb, if you wanted to qualify for a mortgage loan of $300,000, you would need an annual income in the neighborhood of $90,000. If a married couple makes $45,000 each, they should qualify for a $300,000 loan. Your lender can work with your individual situation to get you the largest loan possible.
There are numerous types of loans and ways to qualify. Some first time buyer loans make it very easy to qualify with little money down. Some FHA loans require as little as 3-4% down payment.

It's important to shop around for loans and lenders. Large banks may offer different loan packages than smaller local banks or brokerages. It's important to shop for your loan and see what choices you have. Ask your Realtor for referrals to lenders in your area.

We strive to make it easy for you!
Visit my Mortgage Calculator page filled with additional information.
For more information about Real Estate on the Central Coast, please contact Traci Ferguson by E-mail or by phone directly at 805-235-6396.

Buying a Home in San Luis - Tax Benefits

As a home buyer in SLO you have tax benefits that will save you money every year. Your mortgage interest and real estate taxes are tax deductible and anyone with a mortgage can enjoy this tax benefit.

During the early years of the home mortgage, most of your monthly repayments go towards your interest, with little payment towards the capital. Tax benefits are therefore very useful for first-time home buyers, especially during the early years of acquiring the mortgage. The early part of your mortgage payment is primarily paying on the interest of your loan. This interest payment is fully tax deductible. As you pay more on the amortized home mortgage over a longer time frame, more of each monthly payment goes towards paying the principle, and less towards interest. This means that with time, you lose some of your interest write-off as your equity in the property increases.

It is important for you to note that you can take these tax deductions if you change from standard deduction, which all tax payers are entitled to, to itemized deductions. In the case where your itemize deductions, including home mortgage interest and property taxes, do not exceed the standard deduction amount, it is better for you to take standard deduction.

The following three components of your home mortgage are tax deductible:

1. Interest on your home mortgage
2. Property taxes
3. Loan points for a purchase mortgage fully deductible in the year that they are paid. It is noteworthy that in refinance, the points are written off in increments over the term of a home mortgage. (See my blog post on When to pay down points)

We strive to make it easy for you!
Visit my Mortgage Calculator page filled with additional information.
For more information about Real Estate on the Central Coast, please contact Traci Ferguson by E-mail or by phone directly at 805-235-6396.

How Much Home Can I Afford?

In San Luis Obispo home prices can be higher than the rest of the country. Knowing what you can afford on the income you make is vital to choosing the best property for you and your family. Not only do you factor in the cost of your mortgage, but additional costs such as annual Property Taxes, HOA Fees (for condos), property maintenance, down paymnet and your current debts. Once you can accurately asses your financials, you can work with your Realtor to find the perfect home in your price range.

As a broad generalization, most people can afford to purchase a house worth about three times their total (gross) annual income, assuming a 20% down payment and a moderate amount of other long-term debts, such as car or student loan payments. With no other debts, you can probably afford a house worth up to four or even five times your annual income.

We strive to make it easy for you!
For more information about Real Estate in San Luis Obispo County, please contact Traci Ferguson by E-mail or by phone directly at 805-235-6396.

Why Would You Pay Down Points?

Paying Points
As a new home buyer you have to make many decisions. Buying a home can feel like a daunting task. As your real estate agent, I am here to guide you to get the information you need. You have many decisions to make including what is the best possible percentage rate can you get to keep your mortgage payment low. I have had some clients ask about points, what the benefits are and when is the best possible time to pay them.

Lets start with the definition:
The term points has multiple meanings in the mortgage world. Mortgage points can refer to loan origination fees (fees charged by the underwriter) or discount points (also known as loan discounts). Typically, a point is equal to 1% of the purchase price. By using a Mortgage Calculator you can see how paying money upfront to pay down your interest rate can lower your mortgage payment. The difference in savings over the life of the loan can make paying points a benefit to the borrower. Using a Mortgage Calculator can determine what and how many points you would need to pay down to get the interest rate and monthly payment you are looking for.

When should you pay down points?
If you intend to stay in your home for an extended period of time, it may be worthwhile to pay additional points in order to obtain a lower interest rate. The amount of money you save over an extended period of time will off set the upfront costs you made at the beginning.  Paying points on a short term investment or residence doesn't make financial sense to do.

For more information, or to use my Mortgage Calculator, click here to begin. Or visit my website for additional Mortgage Calculators.

Traci Ferguson

Preparing your San Luis Obispo Home For Sale

San Luis Obispo sellers that will be listing their home for Sale in 2011 will have the upper hand if they follow some simple tips when preparing their Home For Sale? As the new year approaches and I am getting inquires about listing property, the question has come up; "How do I get my home ready to put it on the market?"

Well you can watch a four minute video on my website, explaining how to prepare your home for sale.
Or see the list below to set your home up for the best possible chances for being sold first and impress any buyer.

1. First impressions are everything. What first impressions is your home giving? - If your yard, walkway and landscaping are over grown and need some trimming, get it done before buyers start coming by. Trim back hedges, rake the leaves and make the yard nice and neat.

2. What focal point can you enhance to build better curb appeal? If you have a large oak in your front yard or a beautiful rose garden, make sure they are showcased in the best possible way to appeal to buyers. Trim back hedges into tidy mounds. Also they may be blocking in natural sunlight that could be filtering back into rooms in the house.

3. What first impression is your front door or entry saying? Every buyer will judge your house in the first eight seconds.Give the front door a fresh coat of paint and update the hardware & new screen on the door to impress buyers. Pay attention to detail to make the home look as expensive as possible.

4. Where can you reap the most benefits on enticing a buyer? Kitchen and Bathrooms sell homes. In the kitchen, make simple changes by giving the cabinets a fresh coat of paint. Keep counter tops clear and clutter free. Don't leave out mail and personal items that others can see. You want the buyer to envision themselves in this house. It's hard to envision with personal photos and your stuff all over.

5. What simple things in the bathroom can you do?  Freshen things up with a new coat of paint on the cabinets, re-grouting or re-glaze your bathtub. Keep the amount of items on the counter tops down to a minimum. If you are still living in the home, keep the toothpaste and toothbrushes away and take it out as you need them

6. What are buyers looking for in bedrooms? You want your bedrooms to feel bigger, so keep clothes and stuff off the floor. De-clutter and remove extra furniture so rooms feel bigger and give the impression of light and expansiveness. Clean rooms look bigger.

7. Where else can you catch a buyers eye? Linen Closets and overall attention to order and detail will give buyers the impression you keep your things tidy and the home is probably just as taken care of. Stacking towels neat and tidy go a long way. Remember to keep it simple if you are staging your property as well. Simple is Better!

 These simple changes can add value to the overall sale of your home. You only have one time to make a first impression, make it the best possible impression you can.

Traci Ferguson

New Years Business Resolutions for 2011

Starting out the new year with solid goals is like a fresh start to the entire year. My goal this year is to be more efficient with how I run my business in Real Estate and how I work with my San Luis Obispo buyers & sellers. As a Real Estate agent I need to stay focused and remind myself what is important in every day business life.

Below are thoughts about ways to be more efficient in Real Estate or any business you are in. Following these focus steps will lead you towards better efficiency and profitability in your business.
  1. Resolve to create a profile of your ideal customer and stick to it. Figure out who you can best serve and use this understanding as a guide for determining who to work with and who to refer on.
  2. Commit to working with only your ideal customers for this year. You'll feel happier and your business will be more joyful.
  3. Promise yourself to make business decisions guided by your heart, head and finances. Too much of any one is not good but a little of all three can be very helpful when considering new opportunities or approaches.
  4. Agree to let yourself be known. Get more comfortable with promoting yourself and your business and let people know who you are and what you do.
  5. Tend to your current best customers and ask for referrals to more customers just like them. This is the fastest and easiest way to grow your business.
  6. Freshen up your marketing strategies. Try a new marketing approach, especially if it makes you stretch. Keep yourself on the growing edge and keep refining your marketing.
  7. Learn something new. Seeking out new knowledge and new methods can keep you feeling interested and enthusiastic even with the occasional ups and downs of business.
  8. Master a positive mindset. Keep your mind free of self doubt, worry, or fear. You can achieve what you desire or else you wouldn't want it in the first place.
  9. Ask for help. Allow others to mentor, guide, support and coach you to reach your goals. The journey is better when it's shared. And it's more likely you'll get there - with help, than on your own.
  10. Savor your accomplishments. What's the point of continually achieving business milestones if you never savor the feeling of accomplishment? The more you enjoy your business success, the more success you will have to enjoy.
I wish you all the very best 2011. Let's make this year the most profitable and satisfying one yet.
Now go out and take over the world!
This is a re-post from Skip Reardon - Monday, December 20, 2010 -

Traci Ferguson

Friday, December 24, 2010

Buyer Resources - MLS Search San Luis Obispo

MLS Search tools are the best way to look for homes for sale online in San Luis.

I have added a new MLS (Multiple Listing Service) feature to my site that will help you look at property in an easy way.  My new "Real Estate Listings" Button is a helpful MLS tool to search all homes in San Luis Obispo County

Go to and click on the far right button, "Real Estate Listings" and begin your search for any type of property you are looking for. I can also set up a customized search for you. Get new up to date listings sent to your in box. Let me be your home resource for you and your family.

Traci Ferguson

Tuesday, December 21, 2010

Buyer Resources - Mortgage Calculator

As a buyer in San Luis Obispo you need to have all the information you can to make an informed decision. My job is to help you get the information you need.

I recently have added a Mortgage Calculator to my site, and not just one type of mortgage calculator mind you!
When you go to my site, and click on the center button," Real Estate Videos & Info" scroll down to Free Mortgage Calculator. Or click here to see a list of calculators available to you.

How much will my payments be?
How long will my mortgage last if I pay more every month?
How much income to qualify?
How much home can I afford?
Should I pay points?
Should I refinance?
What are the tax benefits of buying?
Standard vs. Bi-weekly
What is my APR?
Interest-Only Payment Calculator        

If you are considering buying in San Luis check out my site and the Mortgage Calculator page.Get a feel for what your payments will be, know what to expect and how your money can work for you. If you have any questions or would like to discuss any of these calculators I would be happy to answer.

Traci Ferguson

Sunday, December 19, 2010

Going Paperless in Real Estate

 As an ecoBroker and Realtor  in San Luis Obispo I can be burdened by the cost of printing. The amount of paperwork needed to document and move a property through escrow can be surprising. It's not uncommon to print out over 200 pieces of paper for  one transaction. I began to think for a way I could move through a transaction and minimize my use of paper. My personal challenge is to go paperless. These are the steps I'm taking.

Choose a PDF format
My computer's default printer is now set to save a PDF format document on my hard drive. Using this option makes me think twice about whether I need to print a hard copy or if a saved PDF image on the computer is appropriate. it's also eliminated the "oops" fact of printing something I didn't mean to print.

Use Digital Signatures
Using electronic signatures for my transactions is one of the greatest thing I have ever done. I'm saving paper, toner, gas and time on each transaction.  My clients love it because it's easier and quicker to sign the documents. I don't have to worry about printing the initial document and copies to my clients are automatic.

Reuse Handouts
By creating a printout and laminating a sample transaction, which covered the purchase price, financing arrangement, closing costs, and any addenda that clients can use when they're reviewing the transaction on-screen. This will encourage them not to print a copy, as they can see the sample transaction in the laminated format. I'll even provide notes on the sample so that they can know what to look for when reviewing their transactions online. When we are done with the transaction.  I'll ask for the laminated copy back so I can provide it to the next client.

Store Documents Electronically
Transaction management software provides a single storage place for all documents that are needed for any transaction.  The benefit is the ability to generate a single CD at the transaction's completion, which can become my agent file. A second CD can be provided to clients for their records. A much better approach because no one ever looks at the mounds of closing documents after the transaction anyways.

No More Flyer Boxes
I'm going for a paperless marketing approach for my listed properties. There are numerous tools available to allow customers to get information via website, text, and phone from directly in front of a property. Using these tools will allow me to do a better job at capturing prospects' contact information and will ensure that there is never an empty flyer box at any of my listings. My clients will love knowing that potential buyers can get all the information they could possibly want, day or night, based on signage in the font yard.

I can feel good about structuring my business to go paperless, save some time, money and trees while doing it. Our digital age makes it so much easier to do this. Now everyone can use these resources to their advantage.

Traci Ferguson

Saturday, December 11, 2010

San Luis Obispo Downtown Home for Sale!

Blocks from down town San Luis Obsipo, this home combines modern construction and features with classic, downtown San Luis style. Wood floors from the original structure have been utilized in the main home and a very clean studio over the garage has direct access from the alley as do all three garage spaces.
Click Here to see and learn more about this home.

MAIN HOME: A cathedral ceiling in the great room plus woodburning fireplace, slate hearth, hardwood flooring, and recessed lighting to help set the mood for gorgeous SLO living. There are dual-paned windows, decorator colors, beautiful cabinetry in the kitchen, along with a Fisher Paykal 5-burner gas cooktop, electric convection oven, large countertops and slate tile flooring.

Enjoy a home that boasts two suites! The master suite with walk-in closet and master bath also with dual vanities, plus separate shower and jetted tub . . . the guest suite, with its own full bath, has plenty of closet space and an extra bonus nook that offers extra furnishing possibilities!
The indoor laundry is an added convenience.
 Click Here to see more of the interior of this home.

DETACHED STUDIO: The separate studio to the rear has its own balcony view deck, vaulted ceiling, wood flooring, custom and recessed lighting, kitchen, full bathroom, and large room for bedroom / living room / dining area.

The yard has privacy fencing and lots of gardening possibilities ... Bring your ideas for creating your own garden / entertainment haven. SLO’s perfect microclimate may serve your planting ideas well.
There is a fenced side yard off the main home offering privacy and an area for pets or playing.
This home includes a 3-car garage below the studio.  Offered at $699,000

Click Here to see and learn more about this home. Or call me today to learn more 805.235.6396

Thursday, December 2, 2010

San Luis Obsipo Real Estate - Power of Leverage

Despite the recent correction in the housing market here in San Luis Obispo County, it's no secret that a real estate remains the greatest source of wealth creation nationwide.  By using the power of leverage you can purchase a home and create long term wealth.

Leverage in the context of Real Estate means "borrowing money" and derives from the word "lever" which can be used to create a tremendous amount of force. How does leverage work in real estate?

Let's assume you purchase a home for $400K with 20% down payment ($80K) and the bank loans you the remaining 80% ($320K).  The word lever, " leverage" is appropriate because, like the strength you gain by using a lever, you have gained more purchasing power by borrowing money.  You essentially buy a $400K asset for just $80K.  Of course, now you have to repay the bank, but here is where the power of leverage kicks in.

Let's assume that San Luis real estate continues on the same trajectory it has been on for the past 100 years and it gains in value 2% over the rate of inflation (this is the average of all the bubbles and recessions during that time frame). So just by living in your home and not including any improvements you may make, your investment creates $8K ($400K x 2%) of wealth in the first year alone.  When measured against the original down payment, that's a 10% return on your cash investment ($8K/$80K = 10%) which is pretty hard to find these days.

Now, imagine that you live in your SLO home for 20 years, through the magic of interest compounding at an annual rate 2% that the same $8K will turn in to $194,379.  After 30 years, the gain would be $324,545 plus, by then, you would have probably paid off the original principal balance.

All of this is made possible by leverage, which is the borrowing of money to make the purchase of a home possible.  Of course, we all got carried away with the use of excessive leverage during the bubble, but now may be a great time to revisit the concept. You can continue to track what the market here in San Luis Obispo is doing by watching the numbers. But your best bet is to find a house that you will be happy in, make a significant down payment (at least 20%) and let the power of leverage and compound interest work for you.

Despite what the media says, real estate is still the greatest avenue towards life long wealth.  News papers, media, and politicians are on the bandwagon to talk about the horrible housing market. Talks about a mortgage crisis and meltdowns are just a piece to what is truly happening in real estate today. They publicize the negative for their own gain to sell newspapers and skew the true perspective. The truth is that 30% of homes in the U.S. are owned free and clear. The media never talks about this. The majority of homes for sale are not Foreclosures or Short Sales. Bad news is something to talk about create fear and despair.  Don't let them stop you from pursuing a future investment opportunity. The fact is the media has been doing this to the real estate market for decades.

 Some quotes from our infamous media:

"The goal of owning a home seems to be getting beyond the reach of more and more Americans. The typical new house costs $28,000 dollars."
 - Business Week 1969

"Housing experts predict price rises in the future won't be that great. The median price of a home today is approaching $50,000 dollars.
 - National Business Review, New England 1977

 "The golden age of risk free run ups in home prices is gone."

 - Money Magazine 1985

"A home is where the bad investment is!"
- San Francisco Examiner 1996

I don't know about you, but I wish I had invested in real estate in San Francisco in 1996.:)

Shoot me an email to find out more how the power of leverage can work for you!
Click here to get a customized Free Home Search, just for you.
To view my other listings Click here.
Scroll down to the bottom of the page for listings on the Central Coast.

Traci Fergsuon

Wednesday, December 1, 2010

San Luis Obsipo Real Estate - Income Property Ideas!

If you are a Real Estate Investor, own Rental Property or Commercial Property in San Luis Obispo; how can you increase the income you're getting from your property? Well, read below.

We are all looking for ways to increase income in our resent market conditions in San Luis County. Sometimes the possibilities are right in front of us. Take a moment and look at your commercial property or rental property with a new set of eyes, to see if you can spot any changes that could make you some extra rental income. 
Sometimes owners of rental properties fail to see some obvious money making opportunities in their own buildings. I like to call these updates or changes to increase you income, " Revenue Enhancement Opportunities", for Example:
  • If you have an extra storage unit could it be converted to a better income unit than its current use? Could it be modified to an office space for a small business? It could have potential for rent in the hundreds of dollars a month. 
  • Do you have a parking garage that has odd shaped corners that are not suitable for parking? Are there potential storage areas that could be rented out to tenants or small businesses?
  • Areas of a building that are used for centralized mechanical systems could be consolidated to add a small rentable space.
  • An area like an inside refuse area used for all tenants can be moved to the outside of the building. Freeing up that space to be built out to a small office, conference room or rented as storage.
Tour your San Luis Obispo income property with a new perspective to find additional income streams to build your revenue enhancement opportunities. There are numerous opportunities to add rental income without expensive additions to the property.

If you are looking for a rental property or  an income opportunity, email me today to get a list of income producing properties for San Luis Obispo County.  Or go to my website and fill in the Home Search form under my video page.

I'm "Your Realtor that Knows Homes".

Monday, November 22, 2010

San Luis Obispo - Investor Tip: Making it easier to buy a home!

How can home buying be easier in San Luis Obispo
In my last blog post I touched on the HomeStyle® Renovation Mortgage. A program available for home buyers or investors who need to make renovations to a home.

A HomeStyle Renovation Mortgage is available to buy or refinance a home (with up to four units) that you will live in as your primary residence.

 Instead of financing the renovation with a second mortgage or home equity loan, you get the lower interest rates of a first mortgage and only have to pay for one mortgage closing. And with a HomeStyle Renovation Mortgage, you can borrow an amount based on the value of the home after the renovations are finished, so you know you will have the funds available to do the job right. For borrowers considering major home improvements, this option provides an effective and affordable way to leverage the future value of a home with a single-close first mortgage.

If you are an investor who is considering purchasing a property that is currently owned by Fannie Mae that is in need of a little work – the Fannie Mae Home Style renovation mortgage (a close cousin to the Fannie Mae HomePath renovation mortgage) is the loan program designed for you.
At closing, all funds for renovation will be escrowed in an interest-bearing account. After all renovation work is complete, any remaining funds in the escrow account will be used to pay down the principal balance of the mortgage.

If this is of interest to you, I can help with finding a Fannie Mae lender partner in your area and find Home Path Properties in the San Luis Obispo County Area. I have the tools and resources to get you a home today. Let me be your Realtor of choice.

I am also available via email for any questions you may have about this or any other program. I look forward to helping you make smart choices.

Sunday, November 21, 2010

San Luis Obispo - Home Buyer Tip: Making it easier to buy a home!

How can home buying be easier in San Luis Obispo
Well Fannie Mae and Freddie Mac; the two largest purchasers of home loans, set the standards under which they will purchase loans from banks and mortgage companies. They have set up a program to reduce their growing inventory of nearly 1,500 Foreclosed homes called HomePath®

So what's in it for buyers? The benefits include:
  • Reduced Home Prices
  • Low down payment and flexible mortgage terms (fixed-rate, adjustable-rate, or interest-only)
  • You may qualify even if your credit is less than perfect
  • Available to both owner occupiers and investors*
  • Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a loan from a nonprofit organization, state or local government, or employer
  • No mortgage insurance (Typically if you don't put down 20%, you would need it.)
  • No appraisal fees
  • Also eligible for HomePath® Renovation Mortgage*
  • HomePath® Mortgage financing is available from a variety of lenders - both local and national.

*If you're an investor interested in renovating a property in San Luis County, you may qualify for financing under our HomeStyle® Renovation Mortgage product. See my next Blog Post explaining this option.

Currently there are 3 homes available under this program in the city of San Luis Obispo. There are many more in other neighboring cities. Email me today to get a list of homes that qualify in your area. Take advantage of a government program that helps you purchase at bargain prices and extremely low interest rates.

This is just another way to learn and be smart about Real Estate with me at your side. For any of your home buying needs look to a Realtor that Knows Homes in SLO County.

Saturday, November 20, 2010

San Luis Obsipo Home Energy Rating System (HERS), New for Buyers!

In San Luis Obsipo we have homes that are Green and made from Sustainable building materials.
The California Energy Commission has released the New Home Energy Rating System (HERS) Booklet. As an ecoBroker®, I am familiar with these homes and they typically have lower energy costs and utility bills, depending on what energy efficiency methods were used on the home.

As a new home owner looking to buy, what information on energy usage can you get for a home you're interested in purchasing? We'll there are new options open to you. The California Energy Commission has released the New Home Energy Rating System (HERS) Booklet.

Why is this GREAT?
1. Well you now have options to add energy efficient improvements at the time of sale. Improvements are completed through escrow and you move in with the new Energy Efficient features already in place.

2. There are options for financing energy efficient improvements and it explains where to find tax credits and rebate information. As your EcoBroker I can also help you with this as an option.

3. You can request utility bills from the existing owner to learn more about what to expect from your future home utility costs, make improvements and make the home more efficient before you move in.

This HERS Booklet is not a mandatory part of escrow or disclosures by an Realtor, but it will be a part of the mandatory Combined Hazards Booklet. As your ecoBroker I have the inside scoop on how to effectively gain more knowledge and put more money back into the buyers pocket through monthly utility savings.

If you are interested in moving or purchasing a home in our glorious City of San Luis Obispo, click here to see available homes. Or email me with any questions you have.

Click here to get a customized Free Home Search, just for you.
To view my other listings Click here.
Scroll down to the bottom of the page for listings on the Central Coast.

Saturday, November 13, 2010

San Luis Obispo - Top Four Happiest Place in the World to live!

I love living in San Luis Obispo. It has been my home for over 13 years and I woudln't trade my city in for anything.

According to Dan Buettner who wrote the book Thrive, by measuring and experiencing happiness day to day he found he could define happiness and pin point locations that had the most overall happiness qualities. He traveled all over the world to find the best places to live in the world and San Luis Obispo made the top four. We were the only US city to make the list. Happiest place in Europe was Denmark, Asia - Singapore and Nuevo Leon - Mexico.

ABC news has a short clip on the interview with Dan and the top four cities that made the happiness list.

If you are interested in moving or purchasing a home in our glorious City of San Luis Obispo, click here to see available homes. Or email me with any questions you have, I'm a great tour guide.

Click here to get a customized Free Home Search, just for you.
To view my other listings Click here.
Scroll down to the bottom of the page for listings on the Central Coast.

Monday, November 8, 2010

The "First Time Home Buyer" definition, may suprize you!

A First Time Home Buyer is not what it seems to define. You would assume the phrase is what it is. But in fact, according to the IRS, anyone who hasn't purchased a home in the past two years would now qualify under the term, "First Time Home Buyer".

Definition: According to the IRS, you qualify as a first-time home buyer:
"if you had no present interest in a main home during the 2-year period ending on the date of acquisition of the home which the distribution is being used to buy, build, or rebuild. If you are married, your spouse must also meet this no-ownership requirement."

Why is this a big deal? Because the government gives first time home buyers deals and breaks that allow for them to buy a home easier than someone who has purchased a home in two years. One of FHA's (Federal Housing Administration) highest priorities is to assist home-buyers with the purchase of their first home. Government programs like HUD/ FHA, are built to accommodate the new buyer with better affordability and qualify for a home. It's a stimulus of sorts to encourage people who would like to buy but think they need 20% down to qualify. Many of these programs only require 3-5% as a down payment to qualify with average to good credit scores.

So now all of you out there that haven't purchased a home in the past two years, you are sitting on a great opportunity to purchase a home at the bottom of the market with record low interest rates.

Click here to get a customized Free Home Search, just for you. 

Give me a call today or email me. I'd love to find your first home!

First Time Home Buyers Tips_San Luis Obispo

As a first time home buyer don't let information overload get the best of you! Today I want to share some tips to keep you focused and motivated to find your first home in San Luis Obispo with ease.


Defining your search Parameters as a First Time Home Buyer

Begin on the Internet. Learn about the neighborhoods you like and can see yourself living in. With just a few clicks of the mouse, you can search through hundreds of neighborhoods and homes, view virtual tours, sort through dozens of photographs and aerial shots. Once you've found the location in San Luis Obispo County, call me to get a list of homes in the area you like. I can send you a detailed list of Condos/ Homes/ Townhomes/ Land, to begin your search for your first home. Click here to get a customized Free Home Search, just for you.


How Long Should It Take to Buy Your First Home? 

A motivated first time home buyer will find a home within two weeks. I'll listen to your wants, needs and arrange to show only those homes that fit your particular parameters. I'll also preview the homes before showing them to you. My job is to not waste your time looking at every home out there, just the homes that fit your needs. 


Rate the homes you've seen:
  • Bring a digital camera and begin each series of photos with a close-up of the house number to identify each home and take photos of the interior an exterior of the parts you want to remember.
  • Take detailed notes of unusual features, colors and design elements. (Ask me for your own "Home Search Sheet" to keep track and stay organized.)
  • Pay attention to the neighborhood surroundings. What's next door? Do 2-story homes tower over your single story?
  • Do you like the location? Is it near a park or a power plant?
  • Immediately after leaving, rate each home on a scale of 1 to 10, with 10 being the best.


Take a Second look at your top choices:

Once you have toured homes for a couple of weeks, revisit your top three. You will instinctively know which homes are perfect for you. Request to go back to the home and see it with a new set of eyes, you will always see new items you didn't see the first go-around. Be discriminating and rate the home again from 1-10 with 10 being the best. Ask yourself, "Is this the home for me? Does it meet all my needs?


Making a home selection:

In the end you make the home selection on your own. As your Realtor I will guide you through the pros and cons of the homes you've seen and liked, but I will not steer you into picking a certain home. I want you to pick with out any interference from me. My job is to make sure you feel confident about the home choice you have made and the home meets your needs.

So this is what you can expect from your home buying experience with me. It doesn't need to be overwhelming or difficult. The plan above will help you through the easiest home buying experience possible. I'm here to help you through it!  Click here to get a customized Free Home Search, just for you. Or sign up on my website to get my new Book; Real Estate Made Simple, Primarily for the First Time Home Buyer, By Traci Ferguson. It will be out at the end of Feb 2011.

Give me a call today or email me. I'd love to find your first home!

Sunday, November 7, 2010

San Luis Obsipo Condos for First Time Home Owners

Condos in San Luis Obispo are always for sale, but according to local Real Estate Sales the condo market is at it's hottest between the months of January till the end of May. In fact, roughly 90% of all condos go into escrow during this time frame.

So if your thinking of buying a condo in the near future know that your largest inventory and best time to buy is just around the corner. Interest rates are still low and first time home buyer programs make Condos a great investment for the future with very little down. FHA programs only need 3% down making it very affordable either as a personal residence or as an investment property.

I bought a three bedroom Condo while I was going to Cal Poly SLO in 1998, I rented the other 2 rooms out and my mortgage was almost paid for from the rent of my two housemates. Today the home is an income property and still has Cal Poly renters, it pays for itself and then some.

If you're a first time home buyer and have questions about how much down payment you would need for a Condo or Home, I'm here to be your resource. Condos are not complicated or tricky. They give you the flexibility of being a home owner with less maintenance to worry about like yard work, maintaining the exterior paint and roof; typically paid with your home owners fees.

Let's talk about if it is the right fit for you;
Give me a call or email me today to learn more!

Click here for San Luis Obispo Condos currently on the market
If you're looking for a condo in San Luis Obispo County email or call me today!

Wednesday, November 3, 2010

San Luis Obispo-Custom Contemporary Green Home

Custom contemporary green home in San Luis Obispo, newly remodeled and is a must see!

From the exterior to the interior the theme is sustainable living for the modern lifestyle.
This San Luis Obispo home has an open floor plan with over 2,000 sq.ft., 3 bedrooms and 2 amazing bathrooms. The elevated views of the East San Luis Mountains are framed in large floor to ceiling dual pane low-E windows. These large windows bring in tons of amazing natural light, lowering your energy use during the day. The finishes of the home are sustainable and green. From the solid bamboo flooring, steel cable railings, low-VOC paint on the walls and Brazilian Ipe wood on the decking. The Brazilian Ipe was also used as an exterior finish at the front of the home, creating a warm wood horizontal texture for incredible curb appeal.

Energy efficiency is also part of the sustainable theme to this home. Brand new heating and plumbing systems with a hot water booster heater, saves on daily water and energy use. The completely remodeled bathrooms have low-flow plumbing fixtures, recycled glass shower tiles and slate flooring. The contemporary kitchen amenities include ENERGY STAR®  kitchen appliances, concrete counter tops with plenty of storage and pantry space.

The native landscaping, surrounding the 6,969 sq.ft. lot, is drought tolerant and filled with mature plantings. The backyard has an additional Ipe deck that opens up to a lush play area or gathering space. Perfect for back yard BBQ's or catching some sun.

The neighborhood amenities are too numerous to list. You are within walking and biking distance to major transportation, farmers markets, dining and the heart of Central Coast living; Downtown San Luis Obsipo.

As your Certified ecoBroker. I'm here to help you with finding the perfect SLO ecoHome of your dreams. EMAIL me TODAY for homes in your area or more in formation on this amazing home.

Monday, November 1, 2010

San Luis Obispo Luxury Home-Central Coast

No San Luis Obsipo home is quite like this!
This Central Coast Mediterranean inspired high end custom home was designed by local San Luis Obsipo Architect Bill Isaman. It's spacious 4-bed, 3.5-bath, 4,500 sq.ft. open plan, sits on 1 Acre. It has incredible Architectural detailing and wonderful use of light & space.  The gourmet kitchen has tons of natural light & prep space, perfect for entertaining and large parties in the kitchen. There is a guest suite w/bath downstairs. Beautiful Master Suite w/ fire place has a view of the San Luis Mountains. The upstairs also has an office, 2 bedrooms and playroom. The large back patio is perfect for outdoor dining and events. Photos were taken by a San Luis local Photographer Dennis Swanson, Studio101West Photography.

This home is a Short Sale and is currently under contract. No further offers will be accepted.

To view the Details of the property Click here.
To view my other listings Click here.
Scroll down to the bottom of the page for listings on the Central Coast.

Saturday, October 30, 2010

San Luis Obispo-New Condo Homes for Sale - Deal of the week

Central Coast of San Luis Obispo offers up some brand new condos. New 2 & 3 bedroom townhomes with up to 1,568 square feet, complemented by a fully-furnished Clubhouse/Fitness Center, walking trails, meditation gardens, and seasonal streams just minutes from downtown San Luis, next to local transportation, parks, tot-lot, fitness center, clubhouse & neighborhood amenities.

Laurel Creek combines the charm of San Luis Obispo with the convenience of living just a few minutes to downtown. And it's perfect for those now renting, who can take advantage of all the benefits of home ownership at a cost comparable to what you may now be paying for apartment rent.

This stunning community of townhomes offers a distinctive selection of floor plans and eclectic architectural styles. Each Laurel Creek home has been thoughtfully designed to take advantage of the garden views and mountain ranges that make San Luis Obispo such a special place to live.

They are located at Laurel Creek off of Orcutt. They have new and improved floor plans (four styles to choose from). All starting at $296,900; a steal for San Luis Obispo homes. They are FHA & VA approved, so you can put down as little as 3%. 0% down for a VA loan. Give me a call to see if you qualify 805-235-6396.

This San Luis Obispo Deal of the Week, is very affordable for parents looking to find housing for their college students. It's also a great Investment opportunity for the long term, while San Luis Obispo home prices are low and loan prices are lower than they've been for 40 years.

I'm the expert on these SLO Condos and I'm here to answer any questions you have. Email me or call me today with your questions.

To view the Details of the property Click here.
To view my other listings Click here.

Scroll down to the bottom of the page for listings on the Central Coast.

Wednesday, October 27, 2010

Shell Beach - Central Coast Exclusive View Property

Shell Beach, Central Coast Lot with ocean front views on the bluffs. Located in the Bluffs development in Shell Beach, this 3 acre property overlooks a pristine ocean cove and the entire Central Coast line from Avila Beach to Santa Maria's Point Sal. It has an amazing 180 degree unobstructed view of the ocean. The location and the views are what make this property very exclusive.

As a Realtor I see many properties and there are very few that are as unique as this lot. It is adjacent to acres of open space and situated in a gated development of 21 multi-million dollar homes.

To view this Shell Beach property details click here.
To view my other listings click here.
Or call Traci at  805.235.6396. I look forward to helping you with your Real Estate needs.
Scroll down to the bottom of the page for listings on the Central Coast.

Photo #1- Gated Entry to the Bluffs Lot
Photo #2 - View from the lot looking down at the Central Coast Ocean and Avila Bay.
Photo #3 -View from the lot looking at Shell Beach

Friday, October 22, 2010

Central Coast Custom Home Sites - Las Ventanas

Central Coast Custom Home Sites

This new prestigious community is located just minutes from the Village of Arroyo Grande, nine miles from San Luis Obispo, eight miles to Pismo Beach and close to the wineries of the Central Coast. Las Ventanas features 56 home sites within over 4,000 acres of protected open space.

The home sites are clustered among oak woodlands, rolling hills, panoramic views of the mountains, Talley Farms and Talley Vineyard. Price ranges start from the low $300,000, for two to three acre parcels.

Email me to get more information on these beautiful Lots.
Scroll down to the bottom of the page for listings on the Central Coast.

Atascadero Lot with Amazing Views - Rare 1.6 acre Property!

Build your dream home on this Atascadero View Lot!!! It's located only a half mile to HWY-101 and minutes to major shopping. As the listing Realtor, I did something out-of-the-box to market this lot listing.
I created two marked walking trails that guide you to four possible building sites. I want any potential buyer to envision the location of their home and see the incredible views. This Atascadero lot is a 20 minute drive from San Luis Obispo, located in a great family friendly neighborhood. 
Take a hike, to see the potential of this great Atascadero property located on the Central Coast.

To learn about other ways I think outside of the box check out my website.
Scroll down to the bottom of the page for listings on the Central Coast.

Wednesday, October 13, 2010

Lompoc-Vandenberg Village Home Video Tour

Please view this high quality Real Estate Video in Vandenberg Village.  On the Central Coast, near Lompoc, you'll find this upper scale community nestled in near a nature preserve and Golf Course.  This family oriented neighborhood, is located between Santa Barbara, San Luis Obispo and Santa Ynez.

Enjoy the video. If you have any questions, please contact Traci at 805-235-6396. This is an example of the polish I can provide as your Real Estate Agent listing your home.

Scroll down to the bottom of the page for listings on the Central Coast.

Wednesday, October 6, 2010

Your Central Coast Real Estate Agent Video - Realtor San Luis Obispo County

"Traci Ferguson is a Realtor that knows homes.

With a degree in Architecture, having a career in design, being a LEEP AP and ecoBroker, you are in good hands with a realtor with true professional experience in homes. If you are looking to buy or sell real estate along the central coast of California, give Traci a call today!"

These are just some of the words in my new promo video. Please take a look and enjoy the show! 

(You can watch this in HD on YouTube -

If you know of anyone looking to buy or sell, please consider showing them my real estate website and promo. In addition, I can be reached at (805) 235-6396. Referrals are appreciated.

I look forward to making a big difference in your real estate experience!

Wednesday, August 25, 2010

Are you on the Home Buying Grid?

Did you know you could afford your own home?
I know what you are thinking, NO WAY! I don't make enough money!

As a Real Estate resource to my clients and friends,  I have put together a scenario that will illustrate how I believe you too can live the American dream and be a home owner.

To buy a $200,000 home you would need to make $55K annually for a 32% housing ratio. The housing ratio is the percentage you spend on your housing costs. $55K annual income can be between a couple making $13.25 an hour each, or $26.50 an hour for a single person.
I just did a search for Homes/Condos/PUD properties under $200,000 in SLO County and came up with 88 of them. Get yourself and your family started on one of the best investments around, a home purchase. Ask me about the great programs that can help you get into your own home with as little as 3% down in some cases.

This moment in our economy is a turning point in housing for all of us. In front of us is an opportunity to live the American Dream and be a part of the best investment that you can possibly make, long term. The decline in Interest Rates and Housing prices have opened the door to a new group of working class people that CAN afford to buy their first home.

Call me to see how I can be your guide: Traci 805-235-6396