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Water Update #4
The saga continues…
The State Water Resources Control Board (SWRCB) released their updated draft Cease and Desist Order (CDO) this week. Hopes for sympathy or some level of practical understanding of impacts associated with its implementation, have disappeared into the vast netherworld of bureaucratic machinations.
The amended document stays the course on previous demands and further defines [...]
August Real Estate Statistics Encouraging
The August real estate statistics are in and present a compelling story for buyers positioned to take advantage of the current market. Competitive prices, lower inventory, fewer days on the market and higher median prices are leading many “fence sitters” to get serious about purchasing a home.
While the number of closed sales (361) is down [...]
Water Update - Part 2
Wednesday will be a big day for current and future residents, travelers and business owners on the Monterey Peninsula. The CA State Water Resources Control Board (SWRCB) will be hearing testimony on the proposed Cal-Am Cease and Desist Order (CDO), an event that will be closely monitored by stakeholders throughout the region in addition to [...]
Start house-hunting now to qualify for tax credit
First-time homebuyers—those who have not owned a home for at least three years—may be eligible for the
$8,000 federal tax credit, but the window of opportunity is closing rapidly. To qualify for the credit, the buyer
must close escrow by midnight on Nov. 30, when the tax credit expires. Buyers hoping to take advantage of
this benefit [...]
Monterey County Fees Increase
Monterey County has increased a number of fees associated with construction and permit processing, including a substantial increase to the real estate disclosure report.
Prior to July 27, 2009, the charge for a real estate disclosure report (which is optional but recommended) from the County of Monterey was $75.00. Today, that [...]
Market Forecast with C.A.R. Chief Economist, Leslie Appleton Young
Leslie’s report which includes local, state and national statistics can be viewed or downloaded by clicking here. The video is available below, simply click “Play” to begin viewing.
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C.A.R.’s Joel Singer Presents on CA’s Market
C.A.R Executive Vice President Joel Singer presented on the state of the California Real Estate Market at MCAR’s April Brokers Lunch at Corral de Tierra.
Mr. Singer’s presentation highlights a number of national, statewide and local real estate issues that are shaping the dynamic market environment of today.
For those looking for a resource on what is [...]
Homeowner Foreclosure Resources and Scams
It’s no secret that foreclosures have been on the rise for the past number of months. It’s unfortunate, though almost predictable, that with this escalation individuals looking to exploit the impacted homeowner emerge from almost every vantage point. So-called “foreclosure rescue companies” attest to the ability to rescue you from foreclosure but, in the end, [...]
Q & A with MCAR Attorney Paul Gullion
By Paul D. Gullion, Attorney at Law
QUESTION: I am selling my house, and it needs lots of repairs that I don’t want to pay for. So I am just going to sell my house “as-is” and not tell the buyer? That’s OK, right?
ANSWER: No, and I would like to explain why (remember, you are [...]
Q & A With Attorney Paul Gullion
January 27, 2009
By Paul D. Gullion
QUESTION: I am going to be hiring a company to do a job at my house. What are the steps I should take to avoid liability?
ANSWER: There are several legal issues involved in hiring people to work on your property, and certain steps should be taken to protect yourself. [...]
