I like to educate my clients and friends about what’s going on in the real estate market and depending on whether you’re a seller or buyer (or investor) I’ll give you the facts so you can make informed decisions. Several folks in the Bay Area are interested in buying in Monterey county. I thought I’d go over what’s happening in Monterey (click here for the RealScout report), if you’re thinking of getting a second home or buying a retirement condo but would consider using it as a rental until it’s time to retire.
Here’s the Link for an Up-to-Date Market Report for Monterey Condos/ Townhomes
Here’s a great tool that I like to use to determine what the average rent is for a specific area, it’s called Rentometer – As an investor you can take a peek by plugging in an address and enter the number of bedrooms and baths. Here is an example below
Here’s a brief video on how you can determine if a purchased property is cash flow positive using Rentometer (and any mortgage calculator).
Search for your vacation or retirement home in Monterey California here
Call me today and let’s arrange a casual coffee or Zoom meeting for any of your real estate questions and locations of interest.
Lynne MacFarlane, MCDM, SRES, SRS
Intero Real Estate Services | Berkshire Hathaway affiliate