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August 30, 2017

Monterey County Home Prices Continue to Rise

Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

Monterey County home prices continue to rise. Although prices of single-family, re-sale homes declined in July from June, each year home sales continue to rise. Over the past three months the median price has risen by double-digits. The median price for homes gained 13% while the average price was up 2% in July. The home inventory in Monterey County continues to drop and remains at less than half the average for the past fourteen years. The Pacific Grove, Seaside, and Marina areas are leading cities with the lowest inventory. The days of inventory are currently at ninety-seven, which is about half the average. The sales price to listing price ratio was 98.7% last month. For more Monterey County Real Estate market reports or information please contact Jette Ferguson.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Jette Ferguson Estate Realty Group (JFERG) Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

August 24, 2017

How to Invest in Rental Properties for First time Buyers

Written by:Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

Location, price, and profit are only a few factors that influence whether a property is a good investment. For a first-time buyer seeking a rental property, success depends on working with an agent specializing in that market. When budgeting for the purchase of an income property, you will need to consider maintenance, taxes, and that the property may be vacant in between tenants.

First, meet with a preferred lender to take a realistic look at your finances. You will determine exactly how much money you are comfortable investing and that you qualify for. If taking out a loan is a possibility, be sure to consider interest rates. Once your price range is determined, peruse websites that contain real estate listings to educate yourself, and also have your agent provide properties. He or she will provide you with current tenant information, current rental rates, lease information and whether the tenant wishes to remain in the property.

Once an offer is written and accepted you will tour the property with your agent and various inspectors. Your agent will help you to obtain estimates for work needed to support your decision, and also for further negotiation if needed.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Jette Ferguson Estate Realty Group (JFERG) Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

August 16, 2017

Home Warranty Coverage Benefits both Buyers and Sellers

Written by: Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

Home warranties are a powerful selling tool for homes. Homes with warranties often sell for an average of $2,314.00 more, and 11 days faster than homes without warranties. That can save you money and hassles. Homes with warranties are simply more attractive to buyers, giving your home an edge, especially in competitive markets. Home buyers won’t stress over potential undetectable pre-existing conditions (lack of maintenance) because they are covered. A home warranty also protects home sellers against repairs and replacements during the sales process, mitigating unexpected issues from the home inspection to keep the sale of your home on track. Jette Ferguson Estate Realty Group (JFERG) @ Sotheby’s International Realty recommends American Home Shield account executive Tye Watson. Tye can be reached by phone, 408-234-0125 or by email at twatson@ahslink.com

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Jette Ferguson Estate Realty Group (JFERG) Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Seaside-Pacific Grove-Monterey Dunes

August 11, 2017

The first step in the home buying process is to pre-qualify with a lender

Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

Before you begin your home search, speak to your realtor about locating a qualified lender. He or she will determine what price range you qualify within and discuss your monthly payment and “comfort zone”.

It is important to find a lender that is known by local listing agents because they make recommendations to the sellers. A qualified lender will always explain all loan charges and origination fees. Personally, I will only work with a lender who is local and provides their buyer client with their cell phone number. If you cannot reach your lender via cell phone; please think twice before selecting him or her.

There are many behind the scene nuances including reputation, speed, and access to multiple loan opportunities. Your realtor is your best resource to locate trusted loan professionals. Please ask for 2-3 names and select the lender matching your personality, goals and communication style.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Team Jette Properties, Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

August 2, 2017

House Hunting Takes Time

Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

There is much more that goes into the home buying process than what you watch on many of these popular home buying reality TV shows. So much more goes on behind the scenes, from the agent experience to agent relationships with other agents. It’s important to select your agent carefully; not just because he or she is a neighbor. Look for an agent who works full time, has a good resume and ample references. Viewing a few homes in an hour will not get you your dream home. The real “reality” is that most people will have to tour many homes before they find the right one. It’s extremely important to work with a trusted realtor in order to help speed up the search process. Once you have discussed your housing “must haves” your agent will narrow down the available homes in neighborhoods that meet your needs and are in your price range.

Written by Juliette Ferguson, MBA, SRS, CRS, Team Jette Properties, Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

Jette’s Top Picks

Seaside & Sand City Restaurants

Baan Thai: 1760 Fremont Blvd. 831-394-2996

Del Monte Café: (Best Omlette) 1642 Del Monte 831-394-7851

Ferdi’s: (Best Sandwiches & Shakes) 740 Broadway Avenue 831-394-2244

Gusto’s: (Best Gnocci, Gluten Free Pasta) 1907 Fremont Blvd. 831-899-5825

Jim’s Chinese: 1584 Del Monte 831-394-5117

Taqueria Zarpe: (Best Shrimp Diablo) 1107 Fremont Blvd. 831-899-1125

Sushi Time: 1153 Fremont Blvd. 831-884-5011

Sweet Elena’s: (Best Chicken Papaya Salad & Pies) 465 Olympia 831-393-2063

Chopstix: (Best Egg Rolls & Spring Rolls) 1988 Fremont Blvd, Seaside, CA 93955

Juliette “Jette” Ferguson, MBA

AWARDED TOP PRODUCER

Broker-Associate, REALTOR

Sotheby’s International Reality

831-402-3800

Jette@JulietteFerguson.com

www.teamjette.com

CA BRE# 01405735

July 20, 2017

How Long Does It Take To Sell A House Today?

Article by STEVE COOK

Every seller wishes they had a crystal ball to tell them when their house will sell. Unfortunately, there’s no easy answer to that question because luck and circumstance play such an important part in the process.

However, with a little research homeowners can get a good idea of what to expect when their house goes on the market. Plus, there are steps they can take to hurry the process along.

Estimating Days on Market

Real estate professionals use several measures to determine how long it takes to sell a home. The easiest to understand is “days on market”–the number of days a home is listed before the seller agrees to an offer and the property is delisted from the MLS. Many economists prefer other terms which give a better picture of the balance between demand and supply but are less useful to sellers. These include “months’ supply”—the number of months it will take to deplete the current inventory of homes for sale in a market and “age of inventory”—the median age of all homes for sale in a market.

The time it takes to sell a home has been declining since the beginning of the housing recovery in late 2012. According to the National Association of Realtors, the median days on market for homes sold in September 2015 was only 49 days, down slightly from 56 days a year ago. It is taking an additional 41 days to close the sale.

These numbers are national medians; they vary significantly by market and even by neighborhood. In Washington DC in September, for example, the median time on market was 14 days, but directly across the Potomac River in Arlington, VA, houses were selling in 30 days, more than twice as long. In markets where sales have been brisk, generally in the West and Pacific states, time on market is shorter.

There is a distinct seasonality to real estate markets. Both demand and supplies of homes are greatest in the spring and early summer, then decline slowly through the late summer and fall. After the holidays, sales are very slow until the beginning of the new sales season in early spring.

The time it takes to sell a home reflects these seasonal patterns. Median days on market can vary by 30 percent or more depending on the time of year. That’s one reason why most sellers list their homes first thing in the spring when demand is high.

You can find data on the median days on your market from your Realtor. Many state and local Realtor associations and multiple listing services also publish information on months’ supply or days on market on their Web sites each month.

Why Sales Times Vary

Geography is only one factor affecting the salability of homes. Supply and demand vary by price of house and sales times vary correspondingly. The influx of Millennials into the housing market has put pressure on lower priced entry level homes. As a result, they are selling like hotcakes in markets like Denver, Dallas, San Jose and San Francisco. Luxury homes (priced over one million) are truly a different market and factors that affect buyers’ income like the stock market or international exchange rates.

The design, location, condition, age, number of baths and bedrooms, improvements staging and quality of construction all affect how quickly a house sells. Today’s buyers generally favor open spaces and fewer walls between common spaces like dining and living rooms. Larger kitchens and baths are also desirable, but also expensive to build into houses built decades ago. The effort put into getting a house ready to sell can shave days off its days on market. Professional stagers know how to emphasize a house’s strong points to catch a buyer’s fancy on their first walk through.

July 12, 2017

The Care and Feeding of Clients during Stressful times. Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

I love what I do, being a realtor fulfills me in ways no other career would – a home is extremely personal and the price is generally one of the most expensive purchases of a lifetime. Being involved in this process is intimate – realtors learn many details that are held in confidence – the pretty, ugly, happy, messy details… whatever they may be – your realtor is “in the middle of it”. To me, that relationship means everything. Being involved with my clients during a major transition – purchase of a home due to a marriage or birth, sale of a home to move into a retirement home, purchase of a new beach home, buying and selling investment properties – each transaction comes with a multitude of emotions, business or personal – emotions all around. I want to take this moment to thank my clients for including me in these important life moments. Thank you for your trust and friendship.

For more information regarding buying and/or selling during a stressful time in your life, please contact Juliette “Jette” Ferguson at 831-402-3800. We are happy to assist you.

Team Jette specializes in Monterey County on the beautiful Monterey Peninsula in California. Juliette “Jette” is a Top Listing Agent with Sotheby’s International Realty and specializes in niche communities including Monterey Dunes Colony in South Moss Landing, Seaside, Seaside Highlands, Pacific Grove, Monterey, Del Rey Oaks and Sand City on the Monterey Bay in California. She has offices in Seaside, Pacific Grove, and Carmel, California.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Team Jette Properties, Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

July 5, 2017

Who Pays Real Estate Commission? Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

In general, the Seller pays for the Real Estate Commission in California. This means that they pay for the Agency on the buyer and seller sides of the transaction.

Let’s say the commission is 6% to the seller. This means that the seller pays the real estate brokerages 6% of the sales price. Generally, these amounts are shared (split) equally between the Listing Agent/Seller Brokerage and the Selling Agent/Buyer Brokerage. These numbers are clearly available on the first page of a listing agreement – the contract between the seller and the brokerage representing the seller. Example: The house sells for $600,000 with a 6% commission shared equally with the listing and selling side brokerages. Listing Agent Brokerage (Sotheby’s International Realty) with agent Juliette Ferguson. Based on this example, Sotheby’s International Realty receives 3% of $600,000 or $18,000. Juliette Ferguson, Agent, receives a percentage of the $18,000 payment to the brokerage – that amount depends on what she negotiated with her brokerage.

Selling Agent Brokerage (Calandra Real Estate) with agent Karen Calandra. Based on this example Calandra Real Estate receives 3% of $600,000 or $18,000. Karen Calandra, Agent, receives a percentage of the $18,000 payment to the brokerage, that amount depends on what she negotiated with her brokerage.

Agents are paid after their brokerage takes their "percentage split" and after the brokerage takes out fees for transaction coordination, administration, desk fees, legal and insurance fees, marketing fees, and more. Next time you see your realtor and think he/she is making the big bucks – you may be surprised to find how hard they work for the money received.

For more information regarding about real estate commissions, please contact Juliette “Jette” Ferguson at 831-402-3800. We are happy to assist you.

Team Jette specializes in Monterey County on the beautiful Monterey Peninsula in California. Juliette “Jette” is a Top Listing Agent with Sotheby’s International Realty and specializes in niche communities including Monterey Dunes Colony in South Moss Landing, Seaside, Seaside Highlands, Pacific Grove, Monterey, Del Rey Oaks and Sand City on the Monterey Bay in California. She has offices in Seaside, Pacific Grove, and Carmel, California.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Team Jette Properties, Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

JUNE 28, 2017

How to Purchase a home for $575,000 with only $25,000 in Monterey County? Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

If you have $25,000 in the bank or in your retirement plan, then you may qualify to purchase a home in Monterey County with a down payment as low as $20,125, only 3.5% down. How is this possible? FHA Loans are government backed loans and since Monterey County is a higher priced area to live, buyers who qualify for a FHA loan may purchase a home up to $575,000. You can purchase a 3 bedroom, 2 bath home in Seaside or Marina California or an even larger home in the North Salinas, Creek Bridge area. I work with many FHA buyers – generally these are first time buyers oroften they have not purchased in several years. One lender I recommend for FHA and VA Buyers is Jeff McMullen, Senior Mortgage Lender at Kal Financial. He is experienced with FHA buyers throughout Monterey County and always seems to close their loans on time – this is a big deal to a buyer. For more information regarding purchasing a home in Monterey County with an FHA (3.5% down payment) loan, please contact Juliette “Jette” Ferguson at 831-402-3800. We are happy to assist you. Team Jette specializes in Monterey County on the beautiful Monterey Peninsula in California. Juliette “Jette” is a Top Listing Agent with Sotheby’s International Realty and specializes in niche communities including Monterey Dunes Colony in South Moss Landing, Seaside, Seaside Highlands, Pacific Grove, Monterey, Del Rey Oaks and Sand City on the Monterey Bay in California. She has offices in Seaside, Pacific Grove, and Carmel, California.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Team Jette Properties, Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

June 19, 2017

WHO PAYS WHAT AT CLOSE OF ESCROW, Juliette Jette Ferguson, MBA, SRS, CRS, Broker-Associate and Realtor at Sotheby’s International Realty.

Many buyers and sellers ask about what fees they will need to pay at close of escrow. I explain that 99% of the time, it is determined “by county”. In fact, you can usually search online under the terms “who pays what at escrow” and find the answers “by county”. Of course, in real estate, everything is negotiable. The RPA – Residential Purchase Agreement is the contract between the buyer and seller. This document shows “who pays for what at escrow” including escrow fees, title insurance, home warranties, low flow toilets and smoke detectors. Additionally, this document shows the timeline requirements, generally on a 30 day close of escrow. The seller has 7 days to provide all disclosures to the buyer. The buyer has 17 days (or 10 days after the 7 days) to remove all contingencies except the loan contingency which is generally due to be released in 21 days. For more information regarding who pays for what in Monterey County, please contact Juliette “Jette” Ferguson at 831-402-3800. We are happy to assist you. Team Jette specializes in Monterey County on the beautiful Monterey Peninsula in California. Juliette “Jette” is a Top Listing Agent with Sotheby’s International Realty and specializes in niche communities including Monterey Dunes Colony in South Moss Landing, Seaside, Seaside Highlands, Pacific Grove, Monterey, Del Rey Oaks and Sand City. She has offices in Seaside, Pacific Grove, and Carmel, California.

Written by Juliette Calandra Ferguson, MBA, SRS, CRS, Team Jette Properties, Sotheby’s International Realty, Top Producer, BRE #01405735 www.teamjette.com 831-402-3800, Monterey Dunes Colony Beach Homes, #1 Listing Agent Team.

May 19, 2017

2016 Monterey Dunes Colony Sales - Monterey Dunes Colony 278 sold last year for $1.1 Million and 226 for $1,150,000. Home 120 is available 6/2 for $998,000; Home 236 2/2 is available for $798,000. 120 is furnished and has renters on the books - a great 1031 Tax Exchange opportunity. Home 212 is a new listing, a trust sale.

May 8, 2017

TIP: How do I obtain good lenders and inspectors during my home search? - A great buyers agent will have several lenders to recommend. When the agent and lender know each other, they can work together to create a positive environment. Great agents will also know a multitude of professionals that you may need to work with - from painters to home inspectors. Ask the potential agent if they have a list of professionals they can provide. Compliments of TeamJette.com, Juliette Ferguson, TeamJette.com 831-402-3800

April 24, 2017

New Testimonial - Seller in Del Rey Oaks, California - Thank you Team Jette. Our CPA in Pacific Grove referred me to Jette to sell my father's home. It was a trust sale that came with many challenges. "Jette was able to complete a very difficult sale with my father's house. She was able to line up contractors needed to get the house ready for sale and handled all their comings and goings. When escrow fell through she had buyers in line to back up the sale. She is very professional and a delight to work with." (Nancy Nickels, San Jose, CA)

April 12, 2017

About Team Jette, Juliette Calandra Ferguson, MBA, SRS, CRS, Broker-Associate with Sotheby's International Realty

Team Jette is dedicated to delivering service beyond all expectation. We work by Referral Only – This means that we invest 100% of our time delivering dedicated service to our customers. As a result, valued clients and friends refer their family, co-workers, neighbors and others they care about to us for advice on any aspect of real estate. We are interested in building lifelong relationships, one person at a time. The highest compliment you can give us is your referral.

March 3, 2017

Team Jette is Growing - Welcome Karen Calandra, Buyer's Agent - Karen Calandra, Broker-Associate, Sotheby’s International Realty, has joined her daughter, Juliette “Jette” Ferguson (TeamJette.com) in order to expand their (SELLER - LISTING FOCUS) on key micro-niche communities, including Pacific Grove, Monterey Dunes, Seaside, Sand City, and Del Rey Oaks. Karen and Jette will both support buyers and sellers, but Karen will be an additional Buyer's Agent on Team Jette. Her years of experience on the Monterey Peninsula offer a wonderful addition to Team Jette.

February 13, 2017

Should I be pre-qualified before viewing homes? Yes, It is critical to be "ready to buy" with your pre-qualification letter and/or proof of funds. Knowing what you can afford (or would like to spend and qualify for) upfront will save time and heartbreak. Agents who show many properties outside of a buyer's income range only causes heartache. A qualified agent will find out your needs first, make sure you are pre-qualified before viewing (most) homes - which should be minimal since they will ask many questions to discover your needs and preview properties that are the best fit - reducing your need to preview every home in your price range.

September 30, 2016

Team Jette Sold 3 homes in Kimball-Hilby Area of Seaside in September 2016- Congratulations to our team - We sold 1275 Hilby Avenue for $500,000; 1076 Cadiz Court for $595,000, and 1100 San Lucas for $540,000. This home needed work, it was a trust sale and we worked directly with the trust advocate. By coordinating a group of vendors, we were able to sell 1100 San Lucas for $540,000. Other agents were interviewed by the Trust Advocate and suggested selling the home for only $450,000. With a $8,500.00 Trust/Seller investment and a lot of (free) time coordinating contractors, Team Jette was able to get the interior painted, carpeted, garden completed, and other updates to increase the price this home sold for and ultimately providing more money to the sellers (trustees). We love being your eyes and ears with contractors to support getting you the highest selling price for your home. Juliette Ferguson, Interview, September 30, 2016.