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Jan. 19, 2021

3 Must-See Sights Along California's Epic Pacific Coast Highway

The Glass Beach

 

Pacific Coast Highway has been named the 'ultimate road trip' and a 'dream drive' over the years, and for good reason. Technically speaking, this highway starts in Washington State.

However, it is better known as the stretch of road that meanders through California with wild and stunning redwood forests and rugged coasts all the way down to a number of sun-drenched beaches in San Luis Obispo.

Wondering whether your new home is a good real estate opportunity? Well, after reading through the must-see sights along the Pacific Coast Highway and California Central Coast, you might have an answer to your question. 

 

     1. Redwood State and National Parks

Is the veteran explorer in you looking for their next backpacking adventure? Well, these humungous state and national parks are located approximately 5 miles south of the Crescent City. 

Not only do these national parks offer the opportunity to gaze upon large expenses of old and magnificent redwoods (which happen to be the tallest trees on the planet) but your adventures can also take you to beautiful beaches such as the Enderts Beach. 

Alternately, you can discover tide pools that are stacked with a myriad of colorful creations which include gray whales in late March or December!

 

     2. The Lost Coast

If your busy schedule allows for one or two days of relaxation, then you will have the opportunity to traverse to The Lost Coast. You might have to travel 23 miles off Highway 101 but how else could you find your way to the most underdeveloped and untouched stretches of shoreline?

Where are the surfers at? Upon arriving at The Lost Coast, you're probably going to hear legendary waves calling out to you for an adrenaline rush. For others, this rarely inhabited location can offer solitude and breathtaking beauty, which is highly appreciated in the Golden State. 

 

     3. The Glass Beach of Fort Bragg

Since you were so keen on investing in coastal properties, how can we forget the small town of Fort Bragg and their coastline that seems like a picturesque landscape straight out of a fairy tale?

Why is it known as The Glass Beach? Well, this beach is made up of millions of smooth and small pieces of 'sea glass', in a large assortment of shapes and colors.

Apparently, in the late 18th century, through to the 1960's, locals used to dump their junk on the beach. Over a period of decades, the pounding waves not only cleaned the beach, but broke down pottery and glass ornaments into millions of tiny pieces.

Since the beach is a short driving distance from your new home, you can uncover this beautiful mystery for yourself. 

 

Hire a Real Estate Expert

If all of this sounds like something you've always dreamed of, it's time to book an appointment with a real estate expert.

I am Ted Gillan and my expertise for finding the best deals on the Central Coast is at your disposal. You can reach out to me by leaving me an email at tedgillan@yahoo.com or you could call me directly on 805-358-7050. You could also visit my firm, Sotheby's International Realty's website to find out more about our services. 

Posted in real estate
Dec. 29, 2020

Reasons to Move to the Central Coast

They say the California's Central Coast offers a slow life, long and deserted white beaches, whales, sea otters and sheer rocky cliffs, but that's not all.

When you combine all of these natural elements with its beautiful countryside, picturesque towns, mesmerizing wine festivals and a horizon like an old-fashioned photograph, you have plenty of real estate opportunities to choose from. 

Since the California Central Coast is merely a crossing point for tourists, who may all be driving through to the big city, this location has managed to retain its charm for many years. That being said, let's briefly discuss other reasons these coastal properties are worth your time.

 

     1. You'll Love the Beaches

Don't you just love soft and white beach sand? Well, the California Central Coast is all about these beaches and as a bonus, you may also come across a few rocky coves. Of course, that is only if you ever get bored of the 84 miles of sun-kissed coast, full of deserted beaches. 

 

     2. Surfing Is California's National Sport

Speaking of magical beaches, some people don't prefer to just lay back and get tanned or walk along the pier. You'll be surprised to find that most of the beach visitors prefer to surf, and not just because it is California's national sport.

What you need to remember is that the water here can be freezing, and people surf here wearing full-length surfing suits. If you're game, you will find plenty of suits available for rent across to wide expanse of the beaches. 

 

     3. The Perfect Resting Place for Wine Lovers

If you venture up to the northern part of the Central coast, you will come across Paso Robles. This name is a popular destination for wine lovers and here you can frequent over 200 wineries and their interesting tasting tours. 

However, even if you aren't much of a wine person, you will still be drinking in the midst of a striking landscape, drawn up by golden and green hills and the scent of local gourmet cuisines. 

 

     4. Little Towns Out of a Fairytale

If you're expecting to start your own little fairytale, might we recommend visiting Cambria? This tiny town is all about boardwalks along the ocean, salty and relaxing air and family-owned shops. Additionally, this town has also managed to become a famous retreat for senior citizens, so you need not expect loud neighbors.

 

     5. You'll Be Surrounded by Beautiful Wildlife

The California Central Coast is an unspoiled region and therefore, is home to a wide array of wildlife including Monarch butterflies, deer, pelican, sea otters and so many more. More specifically, Piedras Blancas (a little north of San Simeon) is a place where you will spot hundreds of elephant seals, fighting, playing and clumsily traversing around the shoreline. 

 

 

Hire a Professional

If all of this sounds like something you've always dreamed of, it's time to book an appointment with a real estate expert. 

I am Ted Gillan and my expertise for finding the best deals on the West Coast is at your disposal. You can reach out to me by leaving me an email at tedgillan@yahoo.com or you could call me directly on 805-358-7050. You could also visit my firm, Sotheby's International Realty's website to find out more about our services. 

Posted in real estate
Dec. 16, 2020

Expert Tips for Buying Your First Rental Property

Thinking about buying your first rental investment property?

The real estate market has managed to produce some of the wealthiest people in the world. This is why there are so many reasons that make rental property a sound investment.

However, real estate experts still warn new investors that, as is the case with most investments, it is better for you to be well-versed in investment properties before investing thousands of your hard-earned dollars. 

That being said, the following are a couple of expert tips that can help you buy your first rental property.

     

     1. Are you comfortable being a Landlord?

Would you say that you are comfortable using a toolbox and that you can unclog a toilet or repair drywalls? Of course, you could always hire someone to do your dirty work but they'll just eat up a huge chunk of your profits.

On the other hand, property owners who own more than one home are accustomed to doing their own repairs in order to maximize their profits.

 

     2. Try Paying Down Personal Debt

Savvy real estate investors might choose to carry their debt as part of their investment portfolio, but if this is your first time, you should avoid it.

If you have unpaid medical bills, student loans or children who might be enrolling into college soon, investing your money in rental properties might not be the best move right now. With experience, you will learn how to pay down debt in a way that your returns are greater than the initial investment. 

 

     3. Secure Your First Home Via Down Payment

Making an investment in the real estate market typically requires larger down payments as compared to owner-occupied properties. This is mostly due to the fact that the former has more stringent approval requirements.

The 3% you may have set aside for your current home isn't going to work for a new investment. Commonly, you need a 20% down payment, that is if mortgage insurance is not available for these properties. 

 

     4. Search for the Right Location

The last thing you need right now is to be stuck with a rental property that is located in an area that is declining as opposed to picking up value. Ideally, a locality or city where the population seems to be growing and local officials have begun a revitalization plan is a location where you might find the highest investment potential. 

 

Hire a Professional

If this is your first time, you shouldn't shy away from seeking expert help.

I am Ted Gillan and my expertise for finding the best deals on California's Central Coast is at your disposal. You can reach out to me by leaving me an email at tedgillan@yahoo.com or you could call me directly at 805-358-7050. You could also visit my firm, Sotheby's International Realty's website to find out more about our services. 

 

 

Posted in real estate
Nov. 12, 2020

Home Valuation Site

Are you wondering how to determine home value - whether you're selling your current home or buying a new one?

Here's the short answer: Your house is worth how much real estate buyers are willing to pay for it.

However, the long answer will depend on the situation of the real estate market and whether you've approached an agent, lender or a county tax assessor. But why should you trust their opinion?

Why It's Important

Learning how to determine home value with the help of a few online tools or by seeking help from trained professionals can better prepare you to tap into your home's actual equity. As an added benefit, you can sell, buy or refinance by negotiating a lower rate of property taxes. 

Additionally, calculating your home value paints a better picture of your current financial health. Approximately 73% of all American real estate owners believe knowing the real value of their home is important for the reasons stated above.

With that cleared right up, it's time to discover the best methods of determining your home's value:

 

How to Determine the Value of Your Home

Online Valuation Tools

 

When you searched Google for 'what is my home worth?', the search results would have returned with dozens of online home value calculators. In fact, approximately 22% of American real estate owners are used to determining their home's value by using these online calculators. 

The technical name for these online estimators is Automated Valuation Model (AVM) and they are typically offered on real estate professional or lender websites. AVMs make use of public records to structure a mathematical model based on recent listing prices and sales in your area. 

Typically, AVMs source their numbers from:

  • Tax assessments
  • Deeds of Ownership
  • Property transfers 

I have released the latest feature to my website! Visitors can now get a home valuation report just by adding the address of the property in question. This is a great tool for both buyers and sellers.

http://www.californiaranchandsearealty.com/cma/property-valuation/

 

Comparative Market Analysis

 

After getting an estimate, your next step will be to dive deeper into the real value of your home. To paint a clearer picture, you could hire a local real estate agent to get your hands on a Comparative Market Analysis (CMA).

CMAs provide a professional agents evaluation for the estimated value of your home in the current market and is typically done for listing purposes. Some real estate agents may even provide you with a CMA for free or a small fee. Of course, they will only do so in the hopes of getting hired as your home's selling agent. 

 

FHFA's House Prise Index Calculator

 

If you aren't entirely satisfied with the estimates provided by AVMs, you can also get quick estimate by using the Federal Housing Financing Agency's official Housing Price Index Calculator (HPI).

These calculators are known to apply a more specific approach for your home's valuation and apply the 'repeat sales method'. Simply put, they are armed with piles of mortgage data that track each home's change in valuation after each sale since the 1970's.

 

Hire a Professional

 

Since determining your home's value helps you better evaluate your current financial situation, why trust a handful of online tools and estimations? Instead, you could trust an experienced real estate professional for exceptional assistance and a seamless real estate experience.

I am Ted Gillan and my expertise for finding the best deals on the California's Central Coast is at your disposal. You can reach out to me by leaving me an email at tedgillan@yahoo.com or by calling me directly at 805-358-7050. You could also visit my firm, Sotheby's International Realty's website to find out more about our services.

Posted in Market Updates, News
March 23, 2018

Proud Supporter of the Veterans Advocacy and Benefits Association

Veterans Advocacy & Benefits Association

Feb. 13, 2018

First Time Home Buyer and the New Tax Reform

FIrst Time Home Buyer and the New Tax Reform

Feb. 9, 2018

Home Seller and Tax Reform

Home Seller and Tax Reform

Feb. 8, 2018

Homeownership and Tax Reform

Home Ownership and Tax Reform

Feb. 7, 2018

2018 Tax Reform and Real Estate

2018 Tax Reform for 1st Time buyers

Posted in Home Decor
Jan. 30, 2018

Bamboo It Up

Bamboo It Up

Posted in Home Decor