Luis Cano's Monterey County Real Estate Blog

MISTAKE NO. 9 … Not examining insurance issues.

HERE’S HOW TO AVOID IT… Purchase adequate insurance. Advise from an insurance agent can provide you with answers to any concerns you may have.

MISTAKE NO. 7 … Not following through on due diligence.

HERE’S IS HOW TO AVOID IT … Make a list of any concerns you have relating to isuues such as crime rates, schools, power lines, neighbors, environmental conditions,ect. Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase.

MISTAKE NO. 6 … Not considering long-term needs.

HERE’S HOW TO AVOID IT … It is important to think ahead. Will your home suit your needs 3-5 years from now? How about 5-10 years?

There are several steps to take prior to listing your home that will make the transaction smoother and quicker.

STEP TWO…  Get your home inspected. You are required to disclose any problems with your property to prospective buyers. Failure to do so will lead to further complications, even if you weren’t aware of the flaws ahead of time. Hire a professional inspector to identify and document any problems with your property. Also, make sure your home has a clean bill of health from termites.

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

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

Click here to see report