Los Osos, CA

Please welcome newbie Realtor® Associate Rebecca Sumajit! She recently joined our team here at R.P. Brown Real Estate serving California's Coast and Country. As a Los Osos native, she helps real estate buyers and sellers all over San Luis Obispo county and northern Santa Barbara county. She covers the entire Central Coast (San Luis Obispo, Arroyo Grande, Nipomo, Santa Maria, Paso Robles, Cambria, Pismo Beach, Avila Beach, Grover Beach, Oceano, Templeton, Cayucos, Morro Bay, Atascadero).

Visit her brand-new AR profile: http://activerain.com/rnaritosumajit

Rebecca's been a lifelong family friend for over 20 years. She is a person of highest integrity, she is VERY enthusiastic, and she offers the best customer service to all of her clients. She's active in her Christian church, she helps a lot of folks in her local community, and is respected by all of her peers. Rebecca Sumajit is an agent that every buyer and seller would be thrilled to have on their team!

Web site: www.CaCoastCountry.com for a peek of our new site!

Join my new AR group and post your blog at http://activerain.com/groups/virtualoffice

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"

Text copyright © 2009 R.P. Brown, All Rights Reserved

FSBO is an acronym for "For Sale By Owner", which means selling your property WITHOUT the benefit of a Real Estate Agent representing you and negotiating on your behalf.

Studies show that sellers receive 5% - 8% higher purchase prices when selling through a Realtor®!

FSBO sellers find it difficult to get qualified buyers because:

1. Buyers who respond to FSBO ads usually have not been qualified to buy (the qualified buyers retain real estate agents to help them find a house).

2. Real Estate agents don't show FSBO homes (they show homes listed by other agents).

3. Buyers who view FSBO homes are often bargain hunters - they know you aren't paying a commission and so they expect you to lower your price.

4. Many buyers who buy FSBO homes are savvy investors who negotiate low prices.

FSBO sellers cannot negotiate the best sales deal because:

1. Sellers are emotionally attached to their house and often think the value is higher than it really is.

2. Sellers are not familiar with the "big picture" of the real estate market and its values.

3. Sellers are not attune to buyers and do not know their wants or needs.

4. FSBO sellers must negotiate personally with the buyers, getting involved on an emotional level, rather than as a business transaction.

5. Sellers are inexperienced in mortgage lending procedures and solving complex requirements.

6. Sellers are not experienced with solving glitches, such as low appraisals.

7. Sellers who personally accept deposits may spend the funds (rather than securing with a neutral party).

8. FSBO sellers are at high risk of lawsuits - they are not familiar with legal forms, real estate laws and requirements.

Hire a Realtor® to sell it Right!

A Realtor® is worth her commission - in marketing, negotiating, and closing on your behalf! Remember commissions are negotiable. Call Regina for a FREE consultation today!

Join my NEW group for professionals who work from their home office at http://activerain.com/groups/virtualoffice

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"

Text copyright © 2009 R.P. Brown, All Rights Reserved

REVIEW OF THE PAST 5-YEAR PRICE / SALE TRENDS

LOS OSOS

The real estate market in Los Osos has long been plagued by the sewer moratorium and the more recent water moratorium. These factors reflect the lower prices of the properties that are situated so close to the coast. Between 2003-2005, Los Osos single-family homeowners also enjoyed double-digit growth in the median home prices. Growth stalled in 2006, and single-family homeowners did not suffer any drop in home prices until last year. Like the rest of San Luis Obispo County, home sales in Los Osos also saw declines, actually every year since 2004. The lowest number of stick-built single-family homes sold in Los Osos was in 2006, at 155 properties. That equates to a 27% drop over 2005 sales. Similarly, the average number of days needed to sell a single-family property in Los Osos also increased over the 5-year period, almost doubling by 73 days in 2005, or 55% jump from 47 days a year earlier. In 2006, the average marketing time again almost doubled - sellers took an average of 108 days before realizing any sale proceeds. The increase in average marketing time continued through 2007. At the end of last year, not only did single-family home owners in Los Osos need an average of more than four months to sell their homes, they also suffered an average of 2-3% loss in their asking prices.

**Avg. CDOM - average cumulative days on the market ** +/- (%) Difference in %

**Avg. SP/LP - average selling price vs. listed price ** Median - refers to median home prices

***Information collated from the Central Coast MLS, deemed correct but not guaranteed.

Almost two years ago we moved our family from Los Osos, California to San Jose del Cabo Mexico. I like to say it was from one paradise to another.

Why? Well, we love to surf and we really like the warm water in Cabo.

OK, so the real estate business opportunity is even better! If you can beleive it!? Yes. Cabo real estate is solid.

It is true. As the real estate market in many areas has slowed down or some feel like it has come to a screeching halt. Things are moving quite nicely down here. High end homes, casitas and villas at El Dorado Golf & Beach Club are selling just as fast as ever.

Contact me to learn more about Cabo real estate.