Luis Cano's Monterey County Real Estate Blog » Buyers and Sellers

Understanding the Real Estate Cycle

Luis Cano — Tue, 08 Jun 2010 17:24:05 +0000

Click on link to read article. http://www.entrepreneur.com/money/personalfinance/article206814.html

February 2009 Home Sales in Monterey County CA.

Luis Cano — Fri, 12 Mar 2010 19:46:02 +0000

Current inventory of homes for sale in Monterey County is 1524 homes. 225 homes were sold in February at an average Sale price of $396,900. Average days on the market were 91 days.

Seaside, CA 93955 Home Sales Year 2000 – 2009

Luis Cano — Tue, 09 Mar 2010 20:10:28 +0000

This link will take you to a market report for Home Sales in Seaside CA, 93955. Have fun!
Seaside, CA 93955 Home Sales Report 2000 – 2009

Marina, CA 93933 Home Sales 2000 – 2009

Luis Cano — Tue, 09 Mar 2010 19:59:18 +0000

By following the link you will find a report on home sales for Marina California from the year 2000 to 2009. Hope you find it helpful!
Marina, CA 93933 Home Sales 2000 – 2009

Has this happened to you?

Luis Cano — Mon, 01 Mar 2010 13:53:28 +0000

: Image by k-ideas via Flickr

I got a couple of phone calls from past clients in the last 30 days, with questions about their mortgage payment increasing. On one, the reason was a Protection Plan He got for free for the first year, but after the first year, it would cost $78, + a Month. He called the lender to cancel it, and that is over. On the second we are still trying to find out why it went up by $8.00 Dollars. Worth noting that it is with the same lender (Bank of America)
If you have a similar experience, we would like to hear it!

Monterey County Real Estate, January 2010. at A Glance

Luis Cano — Fri, 12 Feb 2010 22:28:22 +0000

A quick review of January: New Listings 468, Current inventory 1433, Closed Sales 231, Days on The Market 69, Average Sales Price $390,863. Median Sales Price $250,000. Percentage of List Price Recieved 97.56%. Total Sales Volume $90,289.461. and all this happened in January 2010.

Until February, I will try to simplify it.

Thanks,

Luis

Esta Puede Ser Su Ultima Oportunudad! “Preparese para la inflacion e intereses altos.”

Luis Cano — Thu, 03 Dec 2009 22:19:24 +0000

Las casas se estan vendiendo en grandes cantidades.
De acuerdo con la Asociacion Nacional de REALTORS®, los Estados Unidos esta en posicion de vender 4.68 Millones de casas este año. Eso pondria al 2009 como uno de los 5 mejores años en ventas en la historia de Estados Unidos. El Mercado indica que probablemente ya tocamos fondo.

Veamos la diferencia que hace solo el 1% en estos prestamos:

Prestamo Tipo de Prestamo Tasa de Interes Pago Mensual.
$250,000.00 30 Años Fijos 5% $1,342.05
$250,000.00 30 Años Fijos 6% $1,498.88
$250,000.00 30 Años Fijos 7% $1,663.25
El tiempo para comprar es hoy!

Monterey County Single Family Residential Sales. First, Second and Third Quarters 2009

Luis Cano — Sat, 28 Nov 2009 18:15:12 +0000

By following the link below you will find all recorded sales in Monterey County for The First, Second and Third quarters of 2009.

: Image via Wikipedia

Click here to see report

Tax Credit Quandaries Answered

Luis Cano — Fri, 27 Nov 2009 20:12:21 +0000

The complexity of new home buyer tax credits leaves potential buyers with many questions. Here are answers to some of the most confusing:

How does a current home owner qualify for the $6,500 credit?
Buyers must have lived in their homes for at least five out of the last eight years. The home they buy must become their primary residence, but buyers don’t have to sell their previous home. They can use the previous home as a rental or a second home and still claim the credit.

Does the new home have to be more expensive than the one the buyer currently owns?
No. It is fine to use it to downsize. If the property sells for more than $800,000, the buyers don’t qualify.

Can buyers who are building a new home claim the credit?
Yes, although the contract must be in place by April 30 and the buyer must move in by July 1.

Can buyers claim the credit if they purchase a home from a relative?
No. The legislation prohibits taxpayers from claiming the credit if the sale is between “related parties,” including parent, grandparent, child, or grandchild.

Source: USA Today, Sandra Block (11/24/2009)