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Palm Springs California Area Real Estate
Showing posts with label California. Show all posts
Showing posts with label California. Show all posts
Friday, August 10, 2018
Palm Desert CA Condo For Sale
Sunday, July 9, 2017
Palm Springs Real Estate Market Statistics
The temperatures are not the only numbers climbing in Sunny Palm Springs California. At the midway point of 2017 the numbers show some impressive gains. The Median price for a single family home has risen to $380,000. While the sales of homes is up 16.1% in just the last three months! The average time on market has dropped to 74 days from 89 just last year.
Clearly, there is a demand for homes in the Coachella Valley!
What can you do if you want to buy?
Get Pre-qualified with a lender! Be ready to make that offer. While there are all cash offers these days it is nothing like it was in 2012 and 2013 when seemingly every offer was ALL CASH. You can compete and get a home in this market if you are prepared.
Know Your Wants and Needs: Be prepared to know if a house will work or not work for you. Sounds simple, but wasting a day or two debating about an item could cost you your dream home.
What Can You Do If You Want To Sell?
Prepare your home for Maximum value. This is your market. Don't squander it by having unfinished repairs, squeaky doors or a dirty uncluttered house. Buyers in this market are prepared to pay top of market prices. Give them the reason to do it!
Timing Is Everything: Markets are not stagnant. Things will not always be this way. If you need to sell in six months eight months perhaps you could sell now and lease back. Sell and rent a place for the interim. Think out of the box and maximize your profits.
see ALL info on any home just by opening the app
Saturday, June 24, 2017
Tahquitz River Estates Neighborhood Palm Springs
Search for your home in Tahquitz River Estates which is an interesting neighborhood that runs along the North and West side of Deepwell. Boundaries are Palm Canyon Drive to the West Palo Fierro to the east as well as S. Riverside drive to the North.
This South Palm Springs neighborhood is interesting because it has a mixture of homes from the 30's thru the 80's. Many Spanish style bungalows. Also, here you will find a mixture of lot sizes. Some quite large others the more traditional 10.450 Square foot size. Home styles include Trousdale homes (Trousdale was an architect who designed and built over 250,000 homes in Southern California). Featuring many quiet street and awesome views it is a great place to have your Palm Springs hideaway while still being only minutes from the action.
Come See why everyone wants to be in Sunny Palm Springs!
Call or text: 760-408-5300
Visit us on the web at:
Friday, May 17, 2013
Palm Springs Area Homes For Sale
Quickly See The Most Commonly Viewed Searches
We have a great property search tool on our Website PSagent.com that lets you search for anything for sale - with no ads, no registrations no annoying pop ups. However, we realize that sometimes you are in a hurry! So we have created these quick searches based on popular demand for these criteria. Please click the link below to be taken to the up to the minute search results for these frequently searched categories.
If we can help you just let us know - 760-408-5300 - Thank you!
Indian Wells Homes
Palm Springs 2bd/2ba Condos Under $250,000
Palm Springs Homes Under $350,000
Palm Springs Mid-Century Homes
Cathedral City Homes Under $300,0000
Palm Desert Homes Under $500,000
La Quinta Homes Under $300,000
Rancho Mirage Homes Under $700,000
Luxury Homes Of The Desert
All Homes Under $125,000 Valley Cities
Monday, April 29, 2013
Foreclosure Terms Defined
Foreclosed, Foreclosure, In Foreclosure, Bank Owned, REO.....
WHAT DOES IT ALL MEAN? - A Quick Guide
As an active Real Estate agent with a myriad of listing types I field dozens and dozens of phone calls each day from buyers and sellers. The level of confusion out there is staggering! Starting in 2007 when we began to experience a record number of mortgage defaults and with that change came a whole new vocabulary to learn. As a buyer you need to understand what type of property you are looking at.
Know Your Terminology: to try and clarify this issue I submit the following guideline to terms for the buyer on the open market. These are the commonly used terms, at least in the Southern California Market. If you know of another term in your are best check it out with a local trusted resource.
Short Sale: Seller is still in control of the property. Often still living in it. They are looking for an offer so that they can try to get the bank to accept that and release them from the balance of the loan. At any point during your attempt to purchase the property in this way it could fall into foreclosure. Your agent should stay on top of the sellers situation and watch for the filing of any default notices.
In Foreclosure: This is the period after the bank has issued the notice of default and the owner may or may not still be in the property. In California this is a 120 day process from notice of default* to foreclosed. This is the biggest limbo period. Owners may work out something with the bank, have a relative rescue them, ignore everything and let the house go to foreclosure, do a deed in lieu (basically cooperate with handing the house back to the bank to avoid foreclosure) - essentially anything. Different rules apply depending on what type of mortgage the homeowner had. As a buyer this is a risky time to be dealing with the owner. They are under a great deal of stress and truthfully anything can happen. In California there are also laws about purchasing any equity the owner may have if you are an investor and not buying it as a primary residence. So caution is the rule of the day.
Foreclosed: This is a home that the bank or an investor now owns. They have completed the foreclosure and they are now the legal owner. The bank typically hires a realtor to list the home and get it sold. However, you may see the home go to another investor for sale or the house may be put in an auction.
Bank owned - REO: Two terms that mean essentially the same thing. The bank or some lender (sometimes a private party) owns the property.
The fastest way to purchase a property is in this stage: once the bank has foreclosed and they are the owner of record. It may take a little while to get it on the open market but once it is you can typically proceed with a purchase pretty quickly.
Auctions: Many people ask about buying a foreclosure on the courthouse steps. This is still done. As the final step of the foreclosure the bank schedules the auction. Lists are available online or through title companies. I can't imagine buying a property this way unless you are very certain that the value is there and have some idea of the condition of the property. Some properties receive no bids and the bank sends their representative to the sale and they buy the property back for the amount they foreclosed on - those properties typically come back on the market with a real estate agent.
There are also several large private companies working in a bunch of loose partnerships with the banks. They will get a block of properties and schedule an auction - either on line or at a hotel ballroom or convention center. Usually, they have a preview weekend to go look at the properties and then hold the auction. Be wary of these as often times there is a "Buyer Premium" that can be any amount but typically I see them around $5,000. If you do not know values in the neighborhoods you are buying the chance of overpaying is very high. I have personally seen properties in my market go to auction and sell for more than they had been listed for the previous month when no savvy local buyer would pay that much.
* The notice of default is the official notice to the homeowner that foreclosure proceedings have begun
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To Read more on Short Sales please visit our Short Sale Page
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