Real Estate Flippers Become Landlords

In the market today serious real estate investors are changing their strategies and many are buying real estate as a longer term investment. More flippers are moving into the rental market for the foreseeable future. This great article from CNN/Money is very accurate and I thought you would enjoy seeing it.



NEW YORK (CNNMoney.com) -- These are the glory days of the residential real estate investor. Low prices, rock-bottom interest rates and stable rental markets have created huge buying opportunities.

"It's awesome right now. I don't think we'll ever see another time like this," said Tanya Marchiol of Team Investments, which has operations in about 10 states but focuses mostly on the Phoenix market.

Read More at CNN MOney

Big Horn Country Club Home For Sale

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360 Metate Place Palm Desert

Amazing home with mega views in Big Horn Country Club. 4 Beds 4.5 Baths and over 5,700 square feet. Overlooks the 16th fairway of the Mountain Course. Private pool spa and amazing outdoor entertaining areas. This home is Furnished per inventory and value range priced between $3,000,000 and $3,700,000.

This Month In Real Estate Aug 2010

Sales Statistics

July Sales Statistics are in and they are impressive. In the 7 major cities of the Coachella Valley 714 homes and condos sold and another 865 went into escrow! While both of these numbers were just a little lower than the June numbers they are very respectable for our "off season" in the valley. Prices seem to be firming up just a little bit strengthened by steadily dropping inventory levels. Currently this is 21% drop in year to year supply of inventory and a 44% increase in sales.

Palm Springs Market Stats

Palm Desert Market Stats

If you have questions about the market or sales trending up or down feel free to call us. Real Estate is always local and conditions can change based on many variables.

Just Sold 425 Via Milano

This beautiful home in the Campanile development in Cathedral City just sold. Listed at $329,000 it sold over asking price at $340,000 with multiple offers.

Who says you can't sell your home in this market?

Priced right, marketed properly you can sell a home in this market. Call us today and let us show you how we can help you.

Call or text: 760-408-5300

Visit us on the web at :

Home Ownership Questions Answered

Fannie Mae has rolled out a pretty nice website that covers a wealth of information for the public. Know your options is probably overwhelming for the lay person. However, with a little guidance there is some great information here.

The site covers information on loan modification, foreclosure and short sales. Best of all no one is trying to sell you anything. It is pure information.

As always, we are happy to help with your questions about any of these subjects. Just contact us at www.PSagent.com  or 760-408-5300.

However, it is nice to have this resource as a back up.