A Monkey Itself is Not less Than a Monkey

by qinfovio 25. March 2014 13:27
Good afternoon,
I am bringing you two important reports today.
On one side, it covered the housing distress sale market in California from Foreclosure Radar.
It really show you the declining market of default property.

2014 Foreclosure Radar Report


this report is more upfront with the market housing situation


                                than the other one that I attach "February 27.2014.

This one is coming from the California Association of Realtor that say that we are on the right track as the Economy continues to improve.


Home's sales are moving again for the past couple weeks.





As I am touring the Monterey Peninsula to find the best market to buy in, I will have to say that you will have the more home for your money in the Carmel Valley area. From the medium $700,000 to a $1M and the more you go up, the better it is.


It is a great time of the year to visit this area, with lot of flowers that are just blooming from early spring.


Buying a home in this area is also safer at the higher price. But always try not to buy the best house in the neighborhood unless you have a bargain.


I want to bring this one to you today at  180 Calle De La Ventana Carmel Valley $1,080,00. It is around 10 minutes pass Carmel Valley Village, up on the hill on the right side. It is a really good bargain for this house.


What I have seen a lot in the Carmel Valley area; are that homeowners are using extra income for renting other spaces on their properties.


It is a great idea because it is probably the only way that you can qualify for a mortgage. This property has a nice entrance to the main house with an incredible view of the valley. On the left side of the property, there is a guest quarter that is very large, very spacious, very private, with almost a two bedrooms and one bathroom, kitchen, living room.


On the the other side of the property, there is another guest unit with one bedroom, one bathroom, living room, kitchen. 


Both units are on each side of the property with their own entrance. They bring an easy $3,300 of income. When you use this income to help you to get a loan, lender will use 75% of the income to bring into the loan, in this case $2,475. 


They have permit for all their bathrooms and guest units.


With a 20% down payment ($216,000), mortgage would be at around $4,823, minus rental income, get you down to $1,523.


You can also add the income to lower your down payment. You can also sell your home in other areas of the Peninsula that you bought two or three years ago, plenty of equity.


As it come to finance, you will be better off to use a mortgage broker that will have more flexibility on bringing you the best product/plan into your purchase.







As I am starting to blog my Tuesday Talk and sharing this blog to Twitter, Face book....

I have to put a headline, a title for each week with couple pictures to get people to check it out.


I will name this week blog "A Monkey Itself is Not less Than a Monkey".




As I visited more property in the Carmel Valley area, I run into one where like 180 Calle De La Ventana where owners have couple living units in their barn with couple bathrooms. Very great idea to get more income.


The question that I ask to any Realtors with additional unit or even with a swimming pool, does the property has a well or is it CALAM water and if with CALAM, any permits? If owners did not get any permit and it has already use his 2 1/2 permit allowance, no other bathrooms will be permitted.


Selling a home with added bathroom unit and in this case in the barn, will need to be taking down. And in this case, they also added these units to selling price of the property.


What good is to list a property for sale without fixing any major issues. First you will need to take down $300,000...$400,000 of the selling price, even more if it was over price, then removed or cap all water supply. And of course, I am sure that sellers are all smiling and running the numbers already, but as the title for my week blog "A Monkey Itself is Not less Than a Monkey".


Thanks and I will see you next week!


Christian Viollaz
License 01318338
Don’t Pay Another Cent in Rent To Your Landlord ...





February 27.2014.pdf (4.77 mb)

03.25.14 NOD Liist.pdf (7.10 kb)


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