Types of Easements on the Monterey Peninsula

An easement is a legal right held by one party to use another party's land for a specific purpose. Easements run with the land, meaning they transfer automatically to every subsequent owner regardless of whether the buyer was told about them or understood their implications at the time of purchase.

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