Quacking Chicken

by qinfovio 18. March 2014 15:43
Good afternoon,
I want to bring you back from to my Tuesday Talk of March 04 with this PG's condo. It was sold for cash for $565,000. The link will not work anymore, only when it was active.
It is a nice townhouse located in one of the best complex in Pacific Grove. It is gated, it has 3 bedrooms, 2 baths, 2 cars garage, a patio over looking the lake tennis court with a monthly HOA of $310.
When I am looking to invest or buy a condo: I first check the location within the city, the city itself, location in the complex, the condition
of the unit, condition general aspect of the complex. I will rate this unit a A+. Once it comes to the price, it cannot be sold more than appraisal price.
A short comment that I would like to add is by seeing and visiting many property, I and most real estate agents know when we have a good buy.
A condo versus a single family home? For most investors, they will check at the same items that I mentioned and also at income.
I have seen similar sales price in the Skyline Forest area, all cash. Investors are slowing getting out of the bond market to a safer place, Real Estate.
If you are planning to step in, It is very important to try bring an offer the sooner as possible and try to close the deal to compete with any cash offer.
I mentioned couple weeks ago saying that I visited a bunch of homes in Seaside and that most of them were over price.
As today, inventory in Seaside is increasing to 32.
As now, I am beating the drum to buyers to step it. You are going to be able to renegotiate as supply is increasing. You don't have to wait for the price to be reduced. A lot of these homes are flipping homes and investors need to get their cash back.
While I was walking to one these homes, getting to find the lock box,  I started hearing https://www.youtube.com/watch?v=lmevJzXALpk
couple chickens over the fence. They were extremely noisy and even with the closed door and double window panel.
Luckily by visiting other properties I ran into a site inspector from the City of Seaside under the name of Laura. I asked her what was the status concerning farm animals with our city. Chickens are allowed but rooster are ban.
It did not make much sense since I consider both farm's animals.
I am also aware that some properties around Del Monte Golf Course in Monterey have goats.
The reason that I am sharing with you this story is that you have to check with your City and County for their ordinances concerning farm animals. I loved them, they are fun and it is great to have them around on one acre or larger size property but I don't think that they fit in any residential property. They will affect the sale of your property. And a seller, be sure to disclose it if you plan to sell.
The world's economy, mostly in Europe and the U.S is still very fragile. We are using a lot of monetary printing not just to pay of our interest's debts, but try to cover our unbalance budget and we cannot catch up.
As we are getting into a new crisis with the situation in Ukraine, more specifically in Crimea with more economics' sanctions from the West to the East, and Russia back to the West. Russia is supplying over 30% of natural gas to Europe, with Germany being their larger trader.
I will expect this situation to affect our stock market, our monetary policy, and the rest will follow, including real estate, lending.
My on going studding with the book "Market Wizard" with all these main traders, showed how News affect market at different past financial events. Sometime the market react to News, sometime it don't.
Thanks and I will see you next week!
Christian Viollaz
License 01318338
To Find Out What's Your Home Worth?


Comments (1) -

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5/5/2014 12:06:50 AM #

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