What Happens When a Home Doesn't Appraise

In a home purchase agreement, the price reflects what multiple buyers were willing to pay in a competitive market, or what a single motivated buyer offered to secure a property they genuinely wanted. So, what does it mean when the appraisal comes back below the contract price? The gap between what t

How Contingencies Work in Real Estate (and When to Waive Them)

A contingency in a real estate purchase contract gives the buyer a defined right to exit the transaction under specific conditions without losing their earnest money deposit. Three contingencies appear in most California residential purchase agreements: inspection, appraisal, and financing. Each pro

Vacation Rental vs. Long-Term Rental: How to Decide For Your Monterey Peninsula Property

For owners of Monterey Peninsula properties that qualify for both short-term and long-term rental use, the decision between the two models is not primarily a question of which one generates more gross income. It is a question of which one generates better net income for this specific property, this