Trading Houses? With the Difficulty in Securing Jumbo Loans Folks are Making Trades.

Trading a Home for a Home, or a Boat, or a Plane, or ? Every Realtor has heard a variation on the story of a buyer coming to them with an offer that goes beyond a creative financing proposal. Occasionally it is a straight trade for property elsewhere but on occasion the buyer might propose a trade for an airplane, a time share plus cash, and in at least one case I know of a race horse. While these deals … Continue reading Trading Houses? With the Difficulty in Securing Jumbo Loans Folks are Making Trades.

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Pebble Beach Real Estate Ranking in Forbes 500

Last week Forbes published their “by zip code” analysis of the most expensive zip codes. As expected, the median price of homes for sale in most zip codes fell over the last year. A year ago California accounted for 96% of the top zip codes, this year…less than 50%. Of the California zip codes still on the 500 most expensive zip codes, 83% had median prices that stayed the same or declined. Pebble Beach Pebble Beach experienced an 8% decline … Continue reading Pebble Beach Real Estate Ranking in Forbes 500

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The Santa Lucia Preserve, A Brief History

I took some clients to the Santa Lucia Preserve this weekend to look at both lots and finished homes for sale. It is a truly beautiful place. To most folks “The Preserve” brings to mind the award winning Tom Fazio golf course and the exceptional homes that are found behind the Preserve gate. However, for those with homes and lots within the 20,000 acres “The Preserve” describes much more. A Bit of History Before the arrival of the Spanish missionaries, … Continue reading The Santa Lucia Preserve, A Brief History

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