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Pacific Grove : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying6
  • Home Selling2
  • Market Conditions1

Activity 17
Sat Jun 11, 2016
Hrajeh asked:
Comps of 3 bedrooms and 3 bathrooms in the Beach Tract average $1.7 million.......not $1.1 M.
0 votes 0 Answers Share Flag
Sat May 9, 2015
Shelly Glennon asked:
Fri Jun 20, 2014
Shaaron Delsohn answered:
Yours is an interesting question. Of course, your budget is a major consideration on whether you build or buy. Although you may have the time, funds, and creativity to build your own property the permitting process in our "Last Hometown" can be cumbersome and tedious. You for sure need patience and a great attitude to get your plans finalized. On the other hand, buying a property that you can renovate and/simply remodel can be a faster process. The City of Pacific Grove welcomes new or existing home owners to beautiful our piece of paradise. The truth of the matter is this: living and owning in Pacific Grove is a privilege and affords you a tranquil and fabulously beautiful life sty;e. ... more
0 votes 4 answers Share Flag
Fri Jun 21, 2013
Curt Abramson answered:
In this case, it refers to a property where individual owners have a share of the property, and exclusive use of a specific portion as laid out in a TIC agreement. There are some similarities to a condo, but some significant differences as well. Here's a link to a site where Andy Sirkin, an attorney who has structured agreements for many of these properties, describes the basics:

You may know people who own a 2nd home in partnership with other friends or family members. That is another example of tenancy in common.

At the current time, lending is not available for TIC purchases through any conventional lending sources. So cash or owner financing are the typical options for a buyer.

FYI, this listing is actually expired in the MLS, so may not be available.

Hope this is helpful!
... more
1 vote 2 answers Share Flag
Wed May 29, 2013
Kaanapali28 asked:
How safe is the Pacific GROVE. safetyvs the rate of rest of the Seaside Towns
0 votes 0 Answers Share Flag
Sun Dec 16, 2012
Annette Boggs, REALTOR answered:
Julie, Give me a call so we can talk about the commission. I would be happy to help you. If you need a market analysis I can do tat too. (831) 601-5800 Annette
0 votes 9 answers Share Flag
Tue Nov 27, 2012
Christina M Turner answered:
Home Buying Short Sale
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... more
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Mon Nov 5, 2012
scrpbkrs asked:
I have been searching MANY different real estate sites as well as The Herald, and Craigslist EVERY day since June for an affordable rental in Carmel, Monterey or Pacific Grove (they need…
0 votes 0 Answers Share Flag
Wed Sep 5, 2012
Sharon Matthams answered:
The answers you have received so far, really sum it up: Pacific Grove is a HOT market.
If the home you want to sell is priced competitively, it should sell very quickly. We have
all seen the trend....put a good, clean, well priced home on the market and you can start
getting offers right away.
It's great to have a market that is both buyer and seller friendly!

Sharon Matthams
Coldwell Banker
... more
0 votes 9 answers Share Flag
Wed Jul 11, 2012
Juliette Ferguson answered:
It appears this question is old; however, still a great question for others. I recommend interviewing 3-4 agents. Have a list of questions prepared prior to the meeting and follow your list exactly so that you are comparing apples to apples. I was recently video taped during my presentation so the owner could re-review later before selecting. You are right to be selective, as real estate involves big money. You must find an agent you trust, who is knowledgeable on market trends, and who is able to keep up with marketing and technology changes in terms of advertising these days. It is a different world now and individuals need to stay informed. Trulia has a mixture of agents, meaning a mish mosh of good and bad advice - take the good and ignore the bad and you will be ahead!
Juliette Ferguson, Broker Associate, John Saar Properties, Carmel, CA
... more
0 votes 14 answers Share Flag
Mon Apr 2, 2012
Jim Simms answered:
Depends on how they are used, some down payment assistance programs use the income of everyone living in the house, related or not, to determine income qualifications.
0 votes 1 answer Share Flag
Sun Jan 29, 2012
Wayne Olson answered:

Trulia states that they count only "arms-length" transactions in the number of recently sold data, so I assume that the same applies for the recent sales price data as well.

Arms-length transactions are standard transactions and do not include distressed sales (i.e., foreclosures and short sales).

Hope this helps!

Wayne Olson
Real Estate Broker - Coldwell Banker Seal
Direct: 503-699-3722
... more
0 votes 1 answer Share Flag
Mon Jul 25, 2011
Lisa Cannata answered:
Depends on what you're looking to find out. Would you like to know where they are listed, how to submit an offer, or just general information? Bank foreclosures and short sales are most commonly listed with a Realtor. So if you're interested in purchasing one your best route is to find a knowledgable agent in your area whom you can build a good relationship with and have them get working for you to find the right one. Keep in mind that while there are certainly deals to be had many will require a significant amount of work to be lived in comfortably. There are also great values with just plain old motivated sellers. Again though my advice for the most and best information available is to find a local Realtor that can help you specifically with what you're looking for. ... more
0 votes 6 answers Share Flag
Tue Apr 12, 2011
Colin Campbell answered:
Prices are heading North again after many years of being stagnant or reducing. Sign up a long term lease where you can.
0 votes 5 answers Share Flag
Sun Dec 27, 2009
Suzanne Diestel answered:
0 votes 9 answers Share Flag
Sun Oct 25, 2009
Laurel Jaques answered:
AS A LISTING AGENT FOR BANK OWNED PROPERTIES, I know there are several reasons why the property may not be listed on the MLS for several months or more. First, the property is occupied and the occupants will need to move, Second, title issues need to be resolved, Third, and probably most common, the property is in need of repair to prepare it for market ready condition. Nowadays, most bank owned sellers require the property to be on the MLS (unless there is no MLS in that area) and the banks have their own designated agents to handle the REOs in the area. This is true in Pacific Grove, and throughout the Monterey area. Get to know the agents who list the bank owned homes and you will hear when the listings are coming.

Though this is a dated question, it is certainly relevant now as the time from the foreclosure sale to the MLS listing has increased. If you have any question regarding bank owned homes, short sales, or traditional sales. Please contact me:

Laurel Jaques
CDPE, Certified Distressed Property Expert
The Jones Group
(831) 915-1185
... more
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