Luis Cano's Monterey County Real Estate Blog » Business

10 of 10 Common Mistakes Buyers Make When Purchasing a Home. Here is The Good News… There Are Ways to Avoid These Ten Mistakes

Luis Cano — Fri, 09 Sep 2011 15:13:43 +0000

MISTAKE NO. 10 … Not purchasing a home protection plan

HERE’S HOW TO AVOID IT … This is essentially a mini insurance policy that usually lasts one year from the date of the sale. It usually covers basic repairs you may encounter and can be purchased for a nominal fee. Talk to your agent to help you find the protection plan you need.

3 of 10 Deadly Mistakes Buyers make when purchasing a home. Protect yourself from these common pitfalls…

Luis Cano — Sat, 11 Dec 2010 17:44:11 +0000

MISTAKE NO. 3 Not knowing the cost involved.

HERE’S HOW TO AVOID IT … Early in the buying process, ask your real estate agent or mortgage representative for an estimate of closing costs. Title insurance and lawyer fees should be considered. Pre-pay responsibilities such as homeowner’s association fees and insurance must also be taken into account.

Remember to examine your settlement statement prior to closing.

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