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Archive for Buying Monterey Peninsula Real Estate

Jan
07

Home Buyer Tax Credit – Help for Monterey Buyers

Posted by: Eileen Begley | Comments Comments Off

Did you know that the $8,000 First Time Home Buyers Tax Credit was extended? You qualify as a first time home buyer if you have not owned a home for the last three years. So if you are looking to buy a Monterey home, this can be a big help. You need to sign a purchase contracatby April 30, 2010 and close by June 30, 2010. 

Did you also know that now you may be eligible for a$6500 tax credit when you buy a home – even if you don’t qualify as a first time home buyer. You need to have owned your existing home for at least 5 yrs. before you purchase a new home.

If you are a member of the military serving outside of the US for a minimum of ninty days, the the credit deadline can be extended for an additional yr. – up until 6/30/2011.

This may be the last of the extensions of the home buyer credit. And there are some great opportunities to buy a Monterey home, or a home on the Monterey Peninsula.

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Oct
28

Arroyo Carmel Condo for Sale

Posted by: Eileen Begley | Comments Comments Off

Open House: Sunday Nov. 1, from 1 to 3 pm    Check out our new Condo Website - the Arroyo Carmel Condo page

Arroyo Carmel Condo in Carmel, CA

Arroyo Carmel Condo in Carmel, CA

3850 Rio Rd. #46 – Arroyo Carmel Condo in Carmel, CA
$679,000 2 bedroom, 3 baths
Arroyo Carmel end-unit Townhome in a park like setting with nice views of lake and Santa Lucia Headlands. Amenities include luxurious upgrades, a blend of bamboo flooring, vibrant colors, new carpets and stylish lighting accessories. Fireplace with custom mantle.  This Arroyo Carmel Condo has great  Southern exposure and view of the lake. This immaculate Carmel Condo is ready for you to move in!
If you can’t make the open house call Eileen at (831) 277-9939 to see this condo.

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Oct
27

Carmel Home for Sale

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Open House: Saturday Oct. 31, from 1 to 3 pm.Private Setting
3757 Raymond Way, Carmel $845,000  Home on 1 acre! El Ranch Mar Monte location, home is 2100 sq. ft., all one level. There are 3 bedrooms, 2.5 bath, with hardwood florrs, formal dining room, spacious den or family room. Living room has large fireplace, kitchen has updated granite countertops. Private wooded setting with deck looking out into the forest. Add your own T.L.C  and updates to this home! If you can’t make this open house, call Eileen for a special showing. (

831) 277-9939

 
 

 

 

Private Setting
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Oct
17

Ocean Harbor House Condos

Posted by: Eileen Begley | Comments Comments Off

Open House – 10/24 – Saturday 1 – 3 pm
Call Eileen at (831) 277-9939 for more info or to see if you miss the open house!

Be sure and check out our new Monterey Condos Section!
Ocean Harbor House Condos
Website

Furnished 1 bedroom, 1 bath condo in Monterey at Del Monte Beach. White Water views & only steps to the sand. Complex has rec room, pool & sauna. $379,800.

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Oct
01

Carmel Real Estate – Pinehills Dr., Carmel Views

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Spectacular ocean views; Carmel Bay & Pt. Lobos! Extensively remodeled home reflecting exceptional interior design. There is a separate guest quarters on the lower level. This is a very quiet and convenient location in Carmel Views. The interior has high vaulted ceilings, hardwood floors, designer granite counter tops, a well appointed kitchen, and remodeled baths. Three bedroom, 2.5 baths, approx. 4000 sq. ft.

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Oct
01

Pacific Grove Real Estate for Sale – Lawton

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Open House – 10/3 – Saturday 1 – 3 pm Call Eileen at (831) 277-9939 for more info or to see if you miss the open house!
Home is approx. 2065 sq. ft., 3 bedrooms, 2.5 baths. Has bonus room, family room, some ocean view, Double garage.

 
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Sep
08

Monterey Real Estate Update on Sales – August 2009

Posted by: Eileen Begley | Comments Comments Off

If you look at volume, then Monterey County has had one of it’s best months for August 2009.  There have been 361 single family closed sales for the County for last month.  The majority of these are still “lower priced” bank owned homes in Salinas and North and South Monterey County. There were 21 sales in Seaside, 7 in Marina, 15 in Monterey, 10 in Pacific Grove, 9 in Pebble Beach (usually 5 or 6), 18 sales in Carmel, 5 in Carmel Valley.

So while the majority are still the lower priced homes, there have been more sales in general thru out the Peninsula area. For a report on Foreclosure homes coming up for Auction (being sold back to the banks in most cases) then check out our sister site at:  www. montereycountyforeclosures.com  – later this week.

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Apr
14

Monterey Condos

Posted by: Eileen Begley | Comments Comments Off
condos_150

Condos

Condominiums can be a great way to get started owning your own home on the Monterey Peninsula. There are a number of bank owned condos as well as bank owned homes in Monterey County.

Prices start as low as $134,900 for a bank owned condo on Eucalyptus St., in Marina, Ca.   This is a 2 bedroom, 1 bath condo with an association fee of $230 per month.  This particular condo is approx. 883 sq. ft. and has a carport.

When buying a condo, you will want to review the Association Documents such as the CC &R’s, any Rules & Regulations and obtain a copy of the condo budget and expenses.  There may be limits as to if you can have a pet and the size of a pet allowed.  Ask the condo association if there have been any special assessments recently and if there are any planned for the future.  A special assessment is a lump sum of money all condo owners have to pay for a special repair or other problem.  Also ask if there are any law suits that are ongoing.

A condo can be a great place to live – if it suits your lifestyle.  You usually don’t have a lawn to mow. In many cases the association takes care of the exterior of the unit such as repairing and replacing roofs, doors, windows, painting and so forth.  It’s alot easier just to pick up and go on vacation with the condo lifestyle!

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Oct
06

First Time Buyers Tax Credit of $7500 to buy a Home

Posted by: Eileen Begley | Comments Comments Off

Are you a first time home buyer?  Well you are considered one if you have not owned a home for the last 3 yrs. If you are married then neither partner may have owned a home for the last 3 yrs. This is a tax credit – not just a deduction. That means you will either receive a refund of $7500 if you don’t owe taxes. And if you do owe, then the $7500 will be applied directly to whatever you owe.

Did you already buy a home? This credit still applies if you bought a home on or after April 9, 2008.  You must buy before April 1, 2009 in order to take advantage of this credit.

For more details go to the federal housing tax credit website.

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Feb
01

Importance of Credit

Posted by: Eileen Begley | Comments Comments Off

woman with credit cards
Good credit makes a major difference in your ability to buy a home and how much your monthly payments will be.  In most cases it takes 7 yrs for negative information to be deleted from your credit report.  Bankrupty takes even longer – 10 years.  What things affect your credit score?  Your bill paying history is very important.  If possible sign up for a minimum payment to be paid on your card automatically.  Credit cards give you very little time to make your payment these days and love to charge those late fees.  This can drop your score considerably.

Also important is how many credit cards you have and what kind, how long you have had the credit. Too high a balance can affect your score. And of course collections will lower your score considerably.

If you are getting ready to buy a home it is best to postpone any major purchases such as buying a car.  Avoid any large purchases on your credit cards also.  And it’s good to check your credit in advance for any inaccuracies. It is best to challenge they thru the credit reporting agency rather than the specific company.

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