In response to a caller:
I’ve been doing this show now for about 5 years (amazing). In that time I’ve received a few calls, mostly about the properties I highlight, some just wanting to chat about real estate, some who have problems or issues they want answers to.
This week I received my first “hate” call.
This guy was clearly angry and although he didn’t leave his name I did capture his number on my voicemail and did attempt to call him back, hoping for an opportunity talk and get at the root of his apparent anger.
Haven’t heard from him yet.
He was absolutely livid about my commercial. Said all kinds of very uncomplimentary things the least of which was that I was stupid and the reason for our current down real estate market. Of course this points to the fact that he doesn’t listen to this show or he would realize that not only is this not a ‘down’ market but a very opportunistic market for people who never dreamed they could own a home here on the Peninsula. My recent buyers include teachers, nurses, policemen and women, a fireman and single mothers.
But that aside, he was particularly angry about the part in the commercial that refers to wealth building through real estate. He indicated that I suggested that people cash out and invest all their money in a home.
I have listened to the commercial very carefully and never at any point do I suggest that, but simply that historically real estate investments have been the #1 reason for wealth in this country. With the decrease in prices now, it continues to be a good time to invest, providing you have excellent credit, a good job and a substantial down payment.
Yes, we (and I mean primarily the lending industry) were largely responsible for eliminating that criteria for too many years and that resulted in a long overdue crash and I’m sure that a few realtors were in cahoots with some of those lenders and made lots of money at the expense of their buyers but I was not one of them. As a matter of fact, I got in to the business just as things started to spiral downward (figures).
Anyway, I’m hoping that Mr. Caller hears this show and now has a clearer picture of my commercial intent. And if he is listening, I would like to invite him to lunch to continue to discuss. OK I feel much better now.
This week's top picks:
85 MOUNT DEVON ROAD, Carmel Highlands 93923 Beds: 3 Baths: 4 (3/1)
$3,495,000
Property is located at what is known as "The top of the world". Very private setting, gated and dramatic ocean views!! All of Pt. Lobos, PB and Carmel. Turn key setting. SqFt: 3,376 Lot Size: 87,120 Sqft
25565 PASEO DE CUMBRE , Salinas Monterey Highway 93940 Beds: 5 Baths: 5 (4/1)
$1,475,000
Welcome home to expansive panoramic bay views from Pacific Grove to Santa Cruz from all the main rooms of this gorgeous estate located in gated Bay Ridge. Enjoy the warm sunbelt location from the sparkling pool, Jacuzzi, fire pit & built in BBQ. Built with the finest materials & craftsmanship on 1.5 acres, this estate is what dreams are made of! SqFt: 4,400 Lot Size: 65,775 Sqft
820 CASANOVA AVENUE,#53, Monterey 93940 Beds: 2 List Price: Baths: 1 (1/0)
$269,000
Condo with upgrades - granite counters, stainless steel appliances, washer & dryer, new tile and carpet. Located near shopping, restaurants and access to Hwy 1. This charming ground floor condo is priced right and ready for you to move in. SqFt: 820
1835 LONDON WAY, North Salinas 93906 Beds: 3 Baths: 2 (2/0)
$260,000
House sits on a large lot. Single level. Many upgrades. Walking distance to schools. Must see to appreciate. SqFt: 1,748 Lot Size: 6,113 Sqft
(c) Patty Ross KRXA Radio Show_171 August 27, 2010
Tuesday, August 31, 2010
Tuesday, August 24, 2010
The Top 5 Most Common Reverse Mortgage Myths
Because so many Americans over the age of 62 are facing significant financial stress due to dropping retirement and savings account balances, as well as higher healthcare costs, many groups are targeting seniors under the guise of helping them. HECM (home equity conversion mortgage) reverse mortgages are Federal Housing Administration-insured products and are heavily scrutinized by regulators and legislators looking to protect seniors’ best interests.
As a result, more than 600,000 American seniors have obtained reverse mortgages that have enriched their lives by allowing them to stay in their homes and pay off their bills.
Myth: If I take out a reverse mortgage the lender will own my home.
Fact: False. Homeowners still retain title and ownership to their homes during the life of the loan, and can choose to sell the home at any time. As long as the house is maintained and property taxes and homeowners insurance are paid, the loan cannot be called due.
Myth: My children will be responsible for the repayment of the loan.
Fact: False. Reverse mortgages are non-recourse loans. That means, if the property is sold to pay-off the loan when the homeowner passes away or decides to leave the home for other reasons, there will be no mortgage debt for the family and heirs to repay. The maximum amount owed is the current market value of the house. If the homeowner’s heirs want to keep the home, they would pay the balance in-full to the reverse mortgage lender.
Myth: I can’t get a reverse mortgage if I have an existing mortgage.
Fact: False. With enough equity, you may be able to pay off your existing mortgage or other debt with the reverse mortgage. The reverse mortgage must be in a first lien position, so any existing mortgage must be paid off. Seniors who take out reverse mortgages are free to do anything they want with their reverse mortgage proceeds. Paying off an existing mortgage is the number one reason most seniors take out a reverse mortgage.
Myth: Only low-income seniors get reverse mortgages.
Fact: False. Although some seniors may have a greater need than others for the monthly proceeds or lump sum funds reverse mortgages offer, most simply prefer to be free of monthly mortgage payments. Without monthly mortgage payments, many homeowners find they can maintain their existing quality of life and build their savings to help with future expenses. A growing number of people who have no immediate need are taking out these loans so that they have a financial cushion for future expenses.
Myth: If I outlive my life expectancy, the lender will evict me.
Fact: False. Reverse mortgage lenders put no time limit on how long seniors can stay in their homes. Since homeowners still own the property, lenders cannot evict them, provided they follow the program guidelines.
Patty's Top Picks:
51410 PARTINGTON RIDGE ROAD, Big Sur MLS: 81039421 DOM: 7 Beds:3 Baths:3 $2,950,000
A dream home on the Big Sur coast. Huge ocean & south coast views. New kitchen appliances, Miele dishwasher, Jenn Air range, 2 fireplaces, outdoor hot tub. Mature redwoods, oaks & madrones. Plans for pool & guest house addition. SqFt: 1,650 Lot Size: 5-7 acres
301 PASADERA COURT, Salinas Monterey Highway MLS #: 81040083 $2,948,000 DOM: 4 Beds: 4 Baths: 5 (4/1)
Stunning single story custom home at Pasadera Country Club. Located on the 2nd green, this home boasts 4 large bedrooms all with walk in closets and en-suite bathrooms, a library w/ beautiful built-ins, a gourmet kitchen that will leave you breathless and views that are beyond compare. Every detail has been thought of and every amenity included. SqFt: 4,484 Lot Size: 43,560
9 ANTELOPE LANE, Monterey MLS #: 81039457
$945,000 DOM: 7: Beds: 4 Baths: 3 (3/0)
Truly beautiful home with hardwood floors, updated kitchen with granite, stainless, maple cabinets. Separate family room with fireplace. Very large flat rear yard with patio, deck, lots of grass and it backs onto greenbelt. Complete window replacement and new roof within the last several years. Big master with updated bath. SqFt: 2,461 Lot Size: 9,147
3020 VERA LANE, Marina/ MLS #: 81040592
$349,000 DOM: 0 Beds: 3 Baths: 3 (2/1)
Newer home in good condition on a corner lot. Nice size yard. SqFt: 2,035 Lot Size: 8,398 Sqft
(c) KRXA Radio Show, Patty Ross, 8-20-10
831-236-4513
pattyross@kw.com
www.pattyrosscarmel.com
As a result, more than 600,000 American seniors have obtained reverse mortgages that have enriched their lives by allowing them to stay in their homes and pay off their bills.
Myth: If I take out a reverse mortgage the lender will own my home.
Fact: False. Homeowners still retain title and ownership to their homes during the life of the loan, and can choose to sell the home at any time. As long as the house is maintained and property taxes and homeowners insurance are paid, the loan cannot be called due.
Myth: My children will be responsible for the repayment of the loan.
Fact: False. Reverse mortgages are non-recourse loans. That means, if the property is sold to pay-off the loan when the homeowner passes away or decides to leave the home for other reasons, there will be no mortgage debt for the family and heirs to repay. The maximum amount owed is the current market value of the house. If the homeowner’s heirs want to keep the home, they would pay the balance in-full to the reverse mortgage lender.
Myth: I can’t get a reverse mortgage if I have an existing mortgage.
Fact: False. With enough equity, you may be able to pay off your existing mortgage or other debt with the reverse mortgage. The reverse mortgage must be in a first lien position, so any existing mortgage must be paid off. Seniors who take out reverse mortgages are free to do anything they want with their reverse mortgage proceeds. Paying off an existing mortgage is the number one reason most seniors take out a reverse mortgage.
Myth: Only low-income seniors get reverse mortgages.
Fact: False. Although some seniors may have a greater need than others for the monthly proceeds or lump sum funds reverse mortgages offer, most simply prefer to be free of monthly mortgage payments. Without monthly mortgage payments, many homeowners find they can maintain their existing quality of life and build their savings to help with future expenses. A growing number of people who have no immediate need are taking out these loans so that they have a financial cushion for future expenses.
Myth: If I outlive my life expectancy, the lender will evict me.
Fact: False. Reverse mortgage lenders put no time limit on how long seniors can stay in their homes. Since homeowners still own the property, lenders cannot evict them, provided they follow the program guidelines.
Patty's Top Picks:
51410 PARTINGTON RIDGE ROAD, Big Sur MLS: 81039421 DOM: 7 Beds:3 Baths:3 $2,950,000
A dream home on the Big Sur coast. Huge ocean & south coast views. New kitchen appliances, Miele dishwasher, Jenn Air range, 2 fireplaces, outdoor hot tub. Mature redwoods, oaks & madrones. Plans for pool & guest house addition. SqFt: 1,650 Lot Size: 5-7 acres
301 PASADERA COURT, Salinas Monterey Highway MLS #: 81040083 $2,948,000 DOM: 4 Beds: 4 Baths: 5 (4/1)
Stunning single story custom home at Pasadera Country Club. Located on the 2nd green, this home boasts 4 large bedrooms all with walk in closets and en-suite bathrooms, a library w/ beautiful built-ins, a gourmet kitchen that will leave you breathless and views that are beyond compare. Every detail has been thought of and every amenity included. SqFt: 4,484 Lot Size: 43,560
9 ANTELOPE LANE, Monterey MLS #: 81039457
$945,000 DOM: 7: Beds: 4 Baths: 3 (3/0)
Truly beautiful home with hardwood floors, updated kitchen with granite, stainless, maple cabinets. Separate family room with fireplace. Very large flat rear yard with patio, deck, lots of grass and it backs onto greenbelt. Complete window replacement and new roof within the last several years. Big master with updated bath. SqFt: 2,461 Lot Size: 9,147
3020 VERA LANE, Marina/ MLS #: 81040592
$349,000 DOM: 0 Beds: 3 Baths: 3 (2/1)
Newer home in good condition on a corner lot. Nice size yard. SqFt: 2,035 Lot Size: 8,398 Sqft
(c) KRXA Radio Show, Patty Ross, 8-20-10
831-236-4513
pattyross@kw.com
www.pattyrosscarmel.com
Tuesday, August 17, 2010
6 Reasons to Buy a Vacation Home Now
As the real estate market continues its bumpy road toward recovery, the vacation home market is heating up, causing homeowners around the country to seriously consider buying the vacation home they’ve been eyeing.
Whether you’re looking for a charming beach bungalow or a high rise condo with spectacular views, a host of market conditions have come together to make buying a vacation home a smart move. The drop in home prices, incredibly low interest rates and the increase in demand for vacation rentals make it an optimal time to explore a second home purchase.
1. Prices down 20-50%. Whether you’re looking for a weekender in Seaside or a second home in Carmel or Pebble Beach, now is the time to take advantage of the reduced prices.
2. Interest rates. Rates, of course, are at historic lows. Lock in a good rate, buy a vacation home in a desirable location, and watch your asset appreciate over the long-term.
3. A relatively safe investment. Real estate has proven itself to be a safe place to park your money for the long-term. (Long-term is key). Stock market woes have always pushed people to look for alternate investments, and real estate is a consistent stronghold.
4. Make a profit. Or, better yet, make your vacation home pay for itself. Only planning on using your vacation home a few months out of the year? Rent it out short-term to vacationers looking for a great place to stay. Many homeowners make a killing listing their homes on VRBO.com. (Vacation Rental By Owner). When your monthly mortgage payment is less than or equal to one peak week rental, twelve weeks of rental will cover your mortgage payments for the entire year. Take this week for example with The Concours De Elegance in town.
5. Vacation rental demand is heating up. Overall, vacation rentals are less expensive than hotel rooms, especially for longer visits and for families. Savvy travelers know this. In addition, the weaker dollar makes U.S. destinations attractive to travelers from countries with stronger currencies.
6. The pressure of bidding wars is off. Sure, you may not get bargain basement prices on a beachfront cottage—but you might if you’re willing to buy a few blocks away. Houses aren’t exactly flying off the shelves these days, but buyers now have less pressure to make a hasty decision. Buyers looking for deals on vacation homes can really do their homework.
And now...here are some of the area's best buys:
3538 GREENFIELD PLACE, Carmel 93923 MLS #: 81035536 Beds: 4 Baths: 4
$1,750,000
Dramatic Ocean/white water views, Point Lobos, Monastery Bay, Santa Lucia Mts, to Carmel Valley. Surrounded by windows, the living/dining room and the master bedroom have "knockout" white water views. Beautifully updated with superior materials. Wood floors throughout, skylights, loads of windows, guest quarters or 4th bedroom and bath, meandering paths. 2 car garage SqFt: 2,700 Lot: 9,583 Sqft
25850 NORTH MESA DRIVE, Carmel 93923 MLS #: 81021334 4 Baths: 5 (4/1)
$1,650,000
If you are looking for unique, if you are looking for large, if you are looking for a great location, a great school district, a master bedroom to "live in", then look no further. The house is surrounded by lush landscaping, Satillo tile floors, separate downstairs guest quarters, peeks of ocean. 2 car garage. Definitely not a drive by. Come and experience. SqFt: 4,160 Lot: almost an acre
15 OCEAN PINES LANE, Pebble Beach 93953 MLS #: 81036881 Beds: 2 Baths,2
$500,000
Views abound from this cute condo in Ocean Pines. New carpet, paint, wet bar. Patio off living room and master bed with crashing waves below. SqFt: 1,272
702 REDWOOD LANE, Pacific Grove 93950 MLS #: 81036484 Beds: 2 Baths: 2
$459,500
Fresh, lovely and open, yet private. New carpet, vinyl, and just-painted walls. It has a very private patio and there is a large 2 car garage. All you need to do is just move in and enjoy this conveniently located home in its beautiful and tranquil oak and pine studded setting. SqFt: 1,156 Lot: 1,582 Sqft
831-236-4513
pattyross@kw.com
www.pattyrosscarmel.com
(C) Patty Ross - KRXA Radio Show August 13,2010
Whether you’re looking for a charming beach bungalow or a high rise condo with spectacular views, a host of market conditions have come together to make buying a vacation home a smart move. The drop in home prices, incredibly low interest rates and the increase in demand for vacation rentals make it an optimal time to explore a second home purchase.
1. Prices down 20-50%. Whether you’re looking for a weekender in Seaside or a second home in Carmel or Pebble Beach, now is the time to take advantage of the reduced prices.
2. Interest rates. Rates, of course, are at historic lows. Lock in a good rate, buy a vacation home in a desirable location, and watch your asset appreciate over the long-term.
3. A relatively safe investment. Real estate has proven itself to be a safe place to park your money for the long-term. (Long-term is key). Stock market woes have always pushed people to look for alternate investments, and real estate is a consistent stronghold.
4. Make a profit. Or, better yet, make your vacation home pay for itself. Only planning on using your vacation home a few months out of the year? Rent it out short-term to vacationers looking for a great place to stay. Many homeowners make a killing listing their homes on VRBO.com. (Vacation Rental By Owner). When your monthly mortgage payment is less than or equal to one peak week rental, twelve weeks of rental will cover your mortgage payments for the entire year. Take this week for example with The Concours De Elegance in town.
5. Vacation rental demand is heating up. Overall, vacation rentals are less expensive than hotel rooms, especially for longer visits and for families. Savvy travelers know this. In addition, the weaker dollar makes U.S. destinations attractive to travelers from countries with stronger currencies.
6. The pressure of bidding wars is off. Sure, you may not get bargain basement prices on a beachfront cottage—but you might if you’re willing to buy a few blocks away. Houses aren’t exactly flying off the shelves these days, but buyers now have less pressure to make a hasty decision. Buyers looking for deals on vacation homes can really do their homework.
And now...here are some of the area's best buys:
3538 GREENFIELD PLACE, Carmel 93923 MLS #: 81035536 Beds: 4 Baths: 4
$1,750,000
Dramatic Ocean/white water views, Point Lobos, Monastery Bay, Santa Lucia Mts, to Carmel Valley. Surrounded by windows, the living/dining room and the master bedroom have "knockout" white water views. Beautifully updated with superior materials. Wood floors throughout, skylights, loads of windows, guest quarters or 4th bedroom and bath, meandering paths. 2 car garage SqFt: 2,700 Lot: 9,583 Sqft
25850 NORTH MESA DRIVE, Carmel 93923 MLS #: 81021334 4 Baths: 5 (4/1)
$1,650,000
If you are looking for unique, if you are looking for large, if you are looking for a great location, a great school district, a master bedroom to "live in", then look no further. The house is surrounded by lush landscaping, Satillo tile floors, separate downstairs guest quarters, peeks of ocean. 2 car garage. Definitely not a drive by. Come and experience. SqFt: 4,160 Lot: almost an acre
15 OCEAN PINES LANE, Pebble Beach 93953 MLS #: 81036881 Beds: 2 Baths,2
$500,000
Views abound from this cute condo in Ocean Pines. New carpet, paint, wet bar. Patio off living room and master bed with crashing waves below. SqFt: 1,272
702 REDWOOD LANE, Pacific Grove 93950 MLS #: 81036484 Beds: 2 Baths: 2
$459,500
Fresh, lovely and open, yet private. New carpet, vinyl, and just-painted walls. It has a very private patio and there is a large 2 car garage. All you need to do is just move in and enjoy this conveniently located home in its beautiful and tranquil oak and pine studded setting. SqFt: 1,156 Lot: 1,582 Sqft
831-236-4513
pattyross@kw.com
www.pattyrosscarmel.com
(C) Patty Ross - KRXA Radio Show August 13,2010
Saturday, August 7, 2010
4 Important Tips to Keep in Mind when Seeking Senior Housing
People are living longer today due to dramatic advances in medical science and health lifestyles. Currently, 13% of the U.S. population is 65 and older, up from 4% in 1900.
As Baby Boomers turn 65 in high and higher annual numbers, it is estimated that one in five Americans will be over age 65 and about 5% over 85.
The senior housing industry has been growing dramatically over the last 15 years as many adult children, especially daughters who have usually been the main caregiver for aging parents, are now in the workforce and unable to provide the attention to their parents’ needs, whether physical or social.
There are a number of things to be considered when choosing lifestyle alternatives:
-Location. Keeping your parents close to home should not be the number one consideration. Although it is important that the community be convenient for family and friends to visit, being close to amenities they need and trust will make their senior living experience rewarding and more fulfilling.
-Type of community. Visiting to make sure the current residents have similar interests, backgrounds and values will allow for a more enriching life in the golden years. Many communities invite prospective residents to tour their community and enjoy lunch with the community which is a wonderful way to know if the culture is a fit. Some even offer a weekend stay to experience more fully what the community has to offer.
-Staff. Is the staff appropriately dressed, personable and outgoing? Do the staff members treat each other in a professional manner? Does the staff call residents by name and interact warmly? The answers to these questions will determine quite a bit toward whether the community is right for your loved one.
-Medical needs. Does the community have on site medical supervision? If not, is there an agency that is associated with the community that can help when needed?
Let’s take a look at some various local properties that may work for retirees who can still fend for themselves.
12 MAL PASO ROAD, Carmel Highlands 93923 MLS #: 81037205 DOM: 6 Beds: 3 Baths: 4 (4/0) $2,495,000
Highlands at its best! Perfectly functional home w/beautiful form. Nestled onto site w/mesmerizing ocean/canyon views from every room. Exquisitely landscaped gardens, multi-level decks complete outdoor living areas. Separate dining/family rooms, spacious LR w/lots of windows, French doors & wood-burning stove. Kitchen is warm, inviting & fully-equipped. 2 garages hold 6+ cars. 3098 sf 49,450 lot
10600 SADDLE ROAD, Salinas Monterey Highway 93940 MLS #: 81038104 DOM: 2 Beds: 3 Baths: 3 $1,195,000
Remarkable unobstructed bay and valley views. A beautiful, open, rather traditional interior all wrapped up in a geodesic dome exterior. Very high ceilings, French doors leading to a wrap-around deck, hardwood floors throughout the main level and a really great contemporary kitchen with all the upgrades you will want! 3rd bedroom on lower level is perfect for separate guest quarters. 2995 sf 87,120 lot
1169 PROSPECT STREET, Seaside 93955 MLS #: 81038153 DOM: 0 Beds: 2: Baths: 1 (1/0) $299,000
Amazing house. Fully landscaped with decking, natural vegetation. End of cul de sac. 1028 sf 11,000 lot check out photos on my site www.pattyrosscarmel.com
86 DEL MESA CARMEL, Carmel Valley 93923 MLS #: 81033965 DOM: 27 1 Bed: 1 Bath
$390,000
55+ development. Light & bright, spacious, condo. Easy walk to Club House with no steps. Great views of canyon & forest from sunny deck. Extensive remodel--kitchen with custom cabinets, granite, stainless steel appliances, vanity, bathroom, wall-to-wall/bamboo/tile floors and inside washer/dryer. Retirement living at its finest! 953 sf
236-4513 | pattyross@kw.com | www.pattyrosscarmel.com
(c) Patty Ross - KRXA Radio show, Friday, August 6, 2010
As Baby Boomers turn 65 in high and higher annual numbers, it is estimated that one in five Americans will be over age 65 and about 5% over 85.
The senior housing industry has been growing dramatically over the last 15 years as many adult children, especially daughters who have usually been the main caregiver for aging parents, are now in the workforce and unable to provide the attention to their parents’ needs, whether physical or social.
There are a number of things to be considered when choosing lifestyle alternatives:
-Location. Keeping your parents close to home should not be the number one consideration. Although it is important that the community be convenient for family and friends to visit, being close to amenities they need and trust will make their senior living experience rewarding and more fulfilling.
-Type of community. Visiting to make sure the current residents have similar interests, backgrounds and values will allow for a more enriching life in the golden years. Many communities invite prospective residents to tour their community and enjoy lunch with the community which is a wonderful way to know if the culture is a fit. Some even offer a weekend stay to experience more fully what the community has to offer.
-Staff. Is the staff appropriately dressed, personable and outgoing? Do the staff members treat each other in a professional manner? Does the staff call residents by name and interact warmly? The answers to these questions will determine quite a bit toward whether the community is right for your loved one.
-Medical needs. Does the community have on site medical supervision? If not, is there an agency that is associated with the community that can help when needed?
Let’s take a look at some various local properties that may work for retirees who can still fend for themselves.
12 MAL PASO ROAD, Carmel Highlands 93923 MLS #: 81037205 DOM: 6 Beds: 3 Baths: 4 (4/0) $2,495,000
Highlands at its best! Perfectly functional home w/beautiful form. Nestled onto site w/mesmerizing ocean/canyon views from every room. Exquisitely landscaped gardens, multi-level decks complete outdoor living areas. Separate dining/family rooms, spacious LR w/lots of windows, French doors & wood-burning stove. Kitchen is warm, inviting & fully-equipped. 2 garages hold 6+ cars. 3098 sf 49,450 lot
10600 SADDLE ROAD, Salinas Monterey Highway 93940 MLS #: 81038104 DOM: 2 Beds: 3 Baths: 3 $1,195,000
Remarkable unobstructed bay and valley views. A beautiful, open, rather traditional interior all wrapped up in a geodesic dome exterior. Very high ceilings, French doors leading to a wrap-around deck, hardwood floors throughout the main level and a really great contemporary kitchen with all the upgrades you will want! 3rd bedroom on lower level is perfect for separate guest quarters. 2995 sf 87,120 lot
1169 PROSPECT STREET, Seaside 93955 MLS #: 81038153 DOM: 0 Beds: 2: Baths: 1 (1/0) $299,000
Amazing house. Fully landscaped with decking, natural vegetation. End of cul de sac. 1028 sf 11,000 lot check out photos on my site www.pattyrosscarmel.com
86 DEL MESA CARMEL, Carmel Valley 93923 MLS #: 81033965 DOM: 27 1 Bed: 1 Bath
$390,000
55+ development. Light & bright, spacious, condo. Easy walk to Club House with no steps. Great views of canyon & forest from sunny deck. Extensive remodel--kitchen with custom cabinets, granite, stainless steel appliances, vanity, bathroom, wall-to-wall/bamboo/tile floors and inside washer/dryer. Retirement living at its finest! 953 sf
236-4513 | pattyross@kw.com | www.pattyrosscarmel.com
(c) Patty Ross - KRXA Radio show, Friday, August 6, 2010
Tuesday, August 3, 2010
The Green Home Market – “Cash For Caulkers”
Once home construction rebounds you will find a significant increase in certified green homes or those with green features. This increase will come as more local governments incentivize green homes or, in some cases, mandate them.
For example, the California Building Standards Commission unanimously adopted the first mandatory Green Building Standards Code (CALGreen), requiring that all new buildings in the state be more energy efficient and environmentally responsible. The new code will take effect January 1, 2011 and includes all new residential structures.
In terms of the existing home market, there is proposed federal legislation called HOME STAR, also known as ‘Cash for Caulkers’ that will incentivize homeowners to make their homes more efficient and durable.
This 6 billion dollar program would stimulate construction jobs and provide direct rebates to homeowners who invest in qualifying home energy improvements. Rebate amounts can be deducted from overall job costs and paid directly to the contractor or product retailer after the retrofit work has been completed (for more information visit www.efficiencyfirst.org).
If this legislation passes, homeowners are certain to take advantage and when they go to sell they need to call me!
This week's picks:
22400 MONTERA COURT, Salinas Monterey Highway 93908
$800,000 4 Beds 2 Baths DOM 0 MLS #:81037243
Toro Park house located in a cul-de-sac next to park. Single story home with upgraded kitchen. Pretty flower gardens in front yard and nice lawn in back yard with fruit trees galore. Located in the sunbelt of the Monterey Peninsula with great hiking and biking close by. 1928 sf 15,127 lot
5062 SUNSET VISTA DR, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City)
$715,888 Beds: 5 beds Baths: 2|1 baths DOM: 221 MLS: 80956406
Wonderful Sanderling model sitting high on the hill in Seaside Highlands, Granite counter tops, hardwood floors, tile floors, and some carpeting, some views of ocean, great opportunity to own one of the largest homes in Seaside Highlands. Front yard maintained by Home owners association. 3639 sf 8616 lot Short Sale
4530 PENINSULA POINT DR, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City)
$649,888 Beds: 3 beds Baths: 2|1 baths DOM: 88 MLS: 81019577
Upgraded Sand Dollar model with granite countertops, stainless steel appliances, mini-bar area between living room/kitchen, kitchen dining bar, dining nook + formal dining area, fireplace in family room, low maintenance back yard, coved ceiling in master bedroom, deck off master bedroom w/french door access, laundry inside, dual pane windows, near greenbelt, tot play area, close to beach/golf. 2952 sf 4595 lot Short Sale
4792 PARADISE COVE CT, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City)
$611,888 Beds: 3 beds Baths: 2|1 baths DOM: 46 MLS: 81026940
Bay Views from Master Bedroom, wonderful upgraded Anemone Model with coved ceiling in Master Bedroom, light & bright interior, custom fireplace mantel, landscaped backyard with lots of usable space for your enjoyment, convenient location to golf, beaches and all that Monterey Bay has to offer, perfect opportunity for investor or new buyer. 2337 sf 5793 lot
For more information contact Patty Ross
236-4513 | pattyross@kw.com | www.pattyrosscarmel.com
(c)Copyright Patty Ross, KRXA Radio Show 167, July 30th, 2010
For example, the California Building Standards Commission unanimously adopted the first mandatory Green Building Standards Code (CALGreen), requiring that all new buildings in the state be more energy efficient and environmentally responsible. The new code will take effect January 1, 2011 and includes all new residential structures.
In terms of the existing home market, there is proposed federal legislation called HOME STAR, also known as ‘Cash for Caulkers’ that will incentivize homeowners to make their homes more efficient and durable.
This 6 billion dollar program would stimulate construction jobs and provide direct rebates to homeowners who invest in qualifying home energy improvements. Rebate amounts can be deducted from overall job costs and paid directly to the contractor or product retailer after the retrofit work has been completed (for more information visit www.efficiencyfirst.org).
If this legislation passes, homeowners are certain to take advantage and when they go to sell they need to call me!
This week's picks:
22400 MONTERA COURT, Salinas Monterey Highway 93908
$800,000 4 Beds 2 Baths DOM 0 MLS #:81037243
Toro Park house located in a cul-de-sac next to park. Single story home with upgraded kitchen. Pretty flower gardens in front yard and nice lawn in back yard with fruit trees galore. Located in the sunbelt of the Monterey Peninsula with great hiking and biking close by. 1928 sf 15,127 lot
5062 SUNSET VISTA DR, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City)
$715,888 Beds: 5 beds Baths: 2|1 baths DOM: 221 MLS: 80956406
Wonderful Sanderling model sitting high on the hill in Seaside Highlands, Granite counter tops, hardwood floors, tile floors, and some carpeting, some views of ocean, great opportunity to own one of the largest homes in Seaside Highlands. Front yard maintained by Home owners association. 3639 sf 8616 lot Short Sale
4530 PENINSULA POINT DR, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City)
$649,888 Beds: 3 beds Baths: 2|1 baths DOM: 88 MLS: 81019577
Upgraded Sand Dollar model with granite countertops, stainless steel appliances, mini-bar area between living room/kitchen, kitchen dining bar, dining nook + formal dining area, fireplace in family room, low maintenance back yard, coved ceiling in master bedroom, deck off master bedroom w/french door access, laundry inside, dual pane windows, near greenbelt, tot play area, close to beach/golf. 2952 sf 4595 lot Short Sale
4792 PARADISE COVE CT, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City)
$611,888 Beds: 3 beds Baths: 2|1 baths DOM: 46 MLS: 81026940
Bay Views from Master Bedroom, wonderful upgraded Anemone Model with coved ceiling in Master Bedroom, light & bright interior, custom fireplace mantel, landscaped backyard with lots of usable space for your enjoyment, convenient location to golf, beaches and all that Monterey Bay has to offer, perfect opportunity for investor or new buyer. 2337 sf 5793 lot
For more information contact Patty Ross
236-4513 | pattyross@kw.com | www.pattyrosscarmel.com
(c)Copyright Patty Ross, KRXA Radio Show 167, July 30th, 2010
Subscribe to:
Posts (Atom)