Living in the Oak Shores and surrounding communities on Lake Nacimiento means being a part of a community that cares about each other.  Each local business and service that is located on or near Lake Nacimiento are places that allow residents to feel a part of their environment, and to interact on a regular basis!  Lake Nacimiento living is not just about finding a great vacation spot, retirement home or permanent residence, but includes being a part of a caring and vibrant community!

This Saturday, February 12th offers one of the many chances offered throughout the year to get involved!  The 34th Annual Firefighters Dinner and Dance is a highlight of the year for many and an event you won’t want to miss, and is a great way to show your appreciation for our volunteer firefighters at Company 34!  The night will begin with a social hour from 5-6pm, followed by a decadent formal dinner.  Included in the dinner is produce from our local farmer’s market, along with your choice of herb crusted pork roast or chicken piccata.  A delightful dessert will be sure to put everyone in the mood for the dancing to follow dinner.

The 34th Annual Firefirghters Dinner and Dance proceeds will go to support Company 34 as they serve our community in this great act of volunteering.  We don’t always get a chance to show how much we appreciate their service in helping to keep the Oak Shores and surrounding communities a safe place to live, and this event helps us express our gratitude!  For more information, please visit the Oak Shores Association website.  If this event sounds like something you want to be a part of; don’t delay!  A final count and all entrée choices must be received by tomorrow, February 9th!  The cost is $25 per person and your spot can be reserved by calling Janice at 472-9404 or Shari at 472-2855.

If living in a community like Oak Shores has been a dream of yours; please let me know!  Whether you’ve had the opportunity to visit Lake Nacimiento before, or are new to the area; I’d be happy to show you around and answer any questions you may have about the Lake Nacimiento Real Estate market.  I look forward to hearing from you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Click here to download a printable version of this report!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

As you think about selling your Lake Nacimiento home, you may be concerned that it’s not the largest home in the Oak Shores or Heritage Ranch communities.  While this cozy home has been perfectly sized for your needs, you may feel that those looking to buy a home on Lake Nacimiento will want a larger vacation or permanent home.

Being in the Lake Nacimiento Real Estate market for years; I can assure you that bigger is not always better!  There are those who buy a second home on Lake Nacimiento as a place to retire, to vacation during the summer or as a weekend getaway and, frankly, they don’t need or want the extra space!  Be encourage that a smaller home can sell in today’s real estate market.  Below are 4 reasons why people are choosing cozy homes over grandiose options.

1. Lower Costs- Lower utility costs is a bonus for many who are searching for a home on Lake Nacimiento!  Your Lake Nacimiento Real Estate agent will make sure to point this out potential buyers.  They’ll also be able to point out how much buyers will save on property taxes for the smaller lot.

2. Easier Maintenance- Many who are buying a second home or retirement home are searching for easy-to-maintain homes. Your Lake Nacimiento Real Estate agent can tell potential buyers how much time it takes you to cut the lawn, for example, or they can point out that a small lawn requires little to no watering. Highlight any new features such as a heating system, air conditioner or any new appliances because new systems mean no maintenance (or at least warranty covered), which is attractive to those living in their Lake Nacimiento home for part of the year.

3. Earth Friendly- Make “green” information obvious. Pointing out space-saving, cost-efficient, on-demand water heater, new energy-efficient heating system or on the closet leading to the attic with the special insulation will give your home that extra boost. Also, get rid of paint and solvents lying around sheds or garages (and dispose of them properly). If your Lake Nacimiento home is not green in all areas, don’t go overboard with being “green”, but focus on the low maintenance and reduced costs advantages.

4. It Is Enough Space- People who are cutting back are re-thinking all that extra space in big homes, so it’s your job to show that your smaller home in Oak Shores or Heritage Ranch does have enough room. You can make those rooms look bigger a few simple ways:

•    De-Clutter- A home filled with unnecessary things will automatically appear smaller.  Look at your home from an objective stand point, as a buyer would, and remove anything that is cluttering a room.
•    Let in the light- Making sure all blinds and curtains are open during a showing will flood the home with light and give the appearance of more open space.
•    Sell the area- Lake Nacimiento has much to offer, which is a draw for many to buy in Oak Shores or Heritage Ranch.  As we know, location is key!  Your Lake Nacimiento Real Estate agent will point out how far it is to the nearest grocery store, trails, Lake Nacimiento and the Oak Shores Club house.

As you can see, selling a smaller home in Oak Shores or Heritage Ranch has its advantages!  Don’t worry that because your home is smaller than neighboring homes for sale; it will be overlooked.  Finding the right Lake Nacimiento Real Estate agent will be imperative for a smooth home selling process.  If you have not yet found an agent to sell your home; I’d love to offer my services.  I have years of experience with buyers and sellers in Lake Nacimiento and know how to get your home sold quickly!

Please feel free to contact me with any questions you may have about the Lake Nacimiento Real Estate market or to get started.   I hope to hear from you soon!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

February 2011 Market Watch for North San Luis Obispo County and Monterey County

North San Luis Obispo County Active Listings: There are a total of 1,824 properties actively on the market with an average list price of $682,112.

North San Luis Obispo County Sale Pending/Sold: There are currently 261 properties with sales pending and 996 properties that closed in the past 6 months.  The average sold price is $383,945 and the average time on market is 121 days.

North San Luis Obispo County Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about eight and a half months to sell all of the current active listings, without adding any new homes for sale.

Monterey County Active Listings: There are a total of 1,597 properties actively on the market with an average list price of $1,146,230.

Monterey County Sale Pending/Sold: There are currently 1,040 properties with sales pending and 1,822 properties that closed in the past 6 months.  The average sold price is $395,121 and the average time on market is 96 days.

Monterey County Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales.  In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market.  At the present time it will take about three months to sell all of the current active listings, without adding any new homes for sale.

If you are thinking of buying a home on Lake Nacimiento and would like to set up a time to see the available homes in Oak Shores; please let me know!  I would be happy to show you around these homes with stunning views, as well as taking time to show you around the wonderful Oak Shores community!  Thinking of selling your home in Oak Shores?  I’d love to hear from you too!  As you can see, the home selling process, although intimidating at first, can be a smooth and rewarding process.  Please contact me today with any questions you may have or to get started!  I look forward to hearing from you!

Grace Borzini

Your Oak Shores Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website
Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!

Owning a home in the Oak Shores or Heritage Ranch communities on Lake Nacimiento is a great investment and one that you’ll enjoy for years.  Perhaps you’ve lived in your Lake Nacimiento home for years and feel that you could get a lower mortgage rate if you refinance in today’s market.  You’ve heard rumors of the markets’ low mortgage rates and would love to cash in on the deal.  Who wouldn’t want a lower mortgage each month?  However, while you’ll see the savings each month; there are still a few things to consider before refinancing your Lake Nacimiento home.

Take a look at these six tips to see if you’re ready to refinance your home in Oak Shores or Heritage Ranch!

1. Credit score and income- Most banks today’s market will require you to have a minimum credit score of 620 in order to refinance.  You will also need to prove that your household finances have been stable.  If unemployment or other issues have come up that have decreased your finances significantly; you’ll find it hard to refinance.

2. Interest rates- Refinancing right now is great for buyers whose current rates are above 5.5% and are hoping to save on their monthly mortgage costs.  For homes in Oak Shores or Heritage Ranch; you could potentially save a percentage point or more on an outstanding mortgage.

3. Costs- Refinancing your home will cost you typically 2% of the new loan amount.  This includes application, appraisal and inspection fees. Included within refinancing costs is the new escrow account you’ll need to fund. The lender will set up this account for home-insurance and property-tax payments from which they’ll draw annually.  Want to avoid this fee?  Use the same lender you used for your initial mortgage.  Their only costs are limited to issuing new paperwork, so they’re able to keep costs low and can oftentimes speed up the process. Another option is a good faith estimate. Your Lake Nacimiento Real Estate agent can help you determine which option would work best for your home.

4. Adjustable-rate mortgages- Determining whether you’d like to go with an adjustable-rate mortgage or a fixed-rate mortgage can be tricky.  An ARM is great in today’s market as you’ll cash in on the current lower rates.  However, a fixed-rate mortgage ensures that your rates will remain stable and won’t rise if the market changes.

5. ‘Underwater’ homeowners- Today’s housing market has left around 11 million homeowners “underwater” meaning they owe more on their home than it’s actually worth.  They will have a hard time refinancing and can only do so through a federal program. Your Lake Nacimiento Real Estate agent will help explain the option of a “short refinance” that was launched last year by the FHA.

6. Greater pricing disparity- Based on your current credit score, the rates offered for refinancing can vary greatly. California lenders will look at the state’s average loan-to-value ratio and the percentage of homes with negative equity.  The higher the percentage of these homes, the higher the rate a borrower will most likely be offered.

These six tips should help you in determining if refinancing your Oak Shores or Heritage Ranch home now is right for you.  Of course if you have any questions; feel free to contact me anytime!  I’m here to help the Lake Nacimiento community in any way possible!  If you’re considering refinancing in order to sell your home on Lake Nacimiento and haven’t found a Lake Nacimiento Real Estate agent yet; let me know!  I’ve helped many Oak Shores and Heritage Ranch homeowners successfully sell their Lake Nacimiento home in a timely and stress free manner.  I’d love to help you do the same!

I look forward to hearing from you!

Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

Oak Shores Real Estate
View Oak Shores Listings
Visit My Website Email Me

Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!