Water Credits or Fixture Units Are An Important Part of a Home’s Value We take water usage very seriously here on the Monterey Peninsula. In fact, we have a government authority that is in charge of water, called the Monterey Peninsula Water Management District (MPWMD) which was formed in June of 1978. To use water on the Monterey Peninsula, including Carmel, Carmel Valley, and Pebble Beach, one needs a permit from the MPWMD. You can’t install a water meter on a … Continue reading Monterey Peninsula Water Credits and their Importance When Buying or Selling a Home
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Monterey Peninsula Water Credits and their Importance When Buying or Selling a Home
Also posted in Carmel, Carmel Valley, Pacific Grove, Pebble Beach, Water Issues Tagged Monterey Peninsula Water Management District, water credits Comments closed
FHA Loan Underwriting Standards will Tighten in 2010
Although FHA loans aren’t that common in Carmel and Pebble Beach, they are playing a role in other lower priced areas such as Seaside, Marina, and Salinas. Having said that, two of my recent transactions in Carmel-by-the-Sea have included FHA loans because the “cost of money” under the FHA loan was such that the buyer’s opted for the loan even though they could have paid cash. While the exact changes that will be coming are still being debated, it is … Continue reading FHA Loan Underwriting Standards will Tighten in 2010
Median Price Slide in Seaside, California
The median price in Seaside is down 50% since late 2006. Prices have dropped to levels that investors see an opportunity to cover much of the annual cost of the home through rents while betting that the properties will appreciate substantially in the coming years. Some of my clients have bought multiple properties and hired property management firms to manage their holdings. I have helped first time home buyers purchase homes when 24 months ago they thought they would be … Continue reading Median Price Slide in Seaside, California
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