About Me
- The Desert Real Estate Blog
- De gustibus non est disputandum - There's no excuse for good taste. Living Well Begins At Home. As the broker of choice for countless celebrity clients and Fortune 500 CEOs, I take pride in a level of service, experience, and discretion that is without peer in the communities of La Quinta, Rancho Mirage, Indian Wells and Palm Desert. Searching for a residence of uncommon distinction and grace? Share your wishes with me and reap the benefits of an insiders’ knowledge of the upscale desert communities. And if you are planning to place your home on the market, no one is more skilled at providing exposure and finding qualified buyers across the nation and the world. I specialize in luxury homes and fine golf properties within the Coachella Valley.
Monday, December 08, 2008
New Low Mortgage Rates Out of Reach
4:48 AM | 
Posted by
The Desert Real Estate Blog
RISMEDIA, Dec. 8, 2008-(MCT)-Many of the would-be borrowers who have bombarded mortgage lenders with phone calls since interest rates dropped last week are finding they don’t qualify for loans.Credit standards remain significantly tighter than they were two or three years ago. Some types of loans, such as adjustable-rate balloon mortgages, are difficult to obtain, and millions of homeowners cannot qualify for refinancing because they owe more on their current mortgages than their houses are worth.
“A dramatic tightening of underwriting standards and a rising number of underwater homeowners will eliminate more than half of the people” who could benefit from the new lower rates, said Guy Cecala, publisher of Inside Mortgage Finance.
To qualify for a conventional 30-year loan for $400,000 at a fixed rate of 5.5%, a consumer would need a credit score of 680, a down payment of 10% and a debt-to-income ratio of 45% or less, said Brian Bonnet, president of Signature Mortgage Services in Alexandria.
While acknowledging that credit standards had tightened this year, Bonnet emphasized that a buyer with solid credit could obtain a Federal Housing Administration-insured loan of $625,000 bearing a 5.5% fixed rate and requiring a down payment as low as 3.5%.
Mortgage rates fell immediately Nov. 25 after the Fed announced its extraordinary plan to spend $600 billion purchasing debt and mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
“This is as big as it gets,” said Bob Walters, chief economist of Internet lender Quicken Loans. Mr. Walters reported that mortgage rates instantly dropped three-quarters to 1 percentage point, reaching 5.4% to 5.5%, after the Fed announced its program.
Many lenders expect rates to keep dropping.
“Mortgage rates have been artificially high this year mostly due to panic and disruption in the credit markets, especially for anything with a mortgage label on it,” said Cecala. “A more appropriate rate for 30-year fixed rate mortgages would have been 5 percent or less,” given how the rate on the Treasury 10-year note has plunged, Cecala said. Cecala expects rates to reach 5% by the end of the year.
For those who do qualify, the savings can be substantial, especially if their initial below-market “teaser” rate is scheduled to adjust upward in the near future.
A 30-year, $350,000 mortgage bearing a fixed rate of 5.25% instead of 6.5% would save a borrower $280 per month. A half-percentage-point reduction to 5.5% would yield a monthly savings of $111.
“Many people have been sitting on the sidelines, and they are now the ones who can take advantage of this opportunity,” said Mr. Walters. “It’s an early Christmas present.”
Mortgage brokers in some areas of the country were quoting 30-year fixed rates as low as 5.25% late last week for borrowers with stellar credit and substantial equity in their homes. As recently as July and August, 30-year fixed-rate mortgages averaged about 6.5%, according to national surveys by Freddie Mac.
“Consumers should not be holding out for a lower interest rate,” Bonnet cautioned. “In the last 50 years, rates have not been appreciably lower than they are today,” he said. “Waiting for a lower rate could be a fool’s game,” especially given the extreme volatility that has characterized the mortgage market during the past year.
Walters also cautioned against delay. “You are betting against history if you are waiting for interest rates to go lower,” he said.
“Mortgage rates dropped a lot in a matter of a day, which is just what the Fed wanted,” said Patrick Newport, an economist at IHS Global Insight who specializes in housing. “However, it will only affect mortgages eligible to be purchased by Fannie and Freddie,” Newport said. Although that is a huge market, it likely will exclude many of those who need the most help to avoid foreclosure.
For example, subprime loans and many exotic mortgages, which required the homeowner to pay interest only for several years, will not be affected by the Fed’s initiative, Newport said.
Jumbo loans that are too big for Fannie and Freddie to buy (more than $730,000 for now, and more than $625,000 beginning Jan. 1) will continue to command interest rates in the neighborhood of 8%, analysts said.
The interest-rate decline also will be of no benefit to millions of troubled homeowners who want to refinance their mortgages in states that have been hammered by the bursting of the housing bubble, including California, Florida, Arizona and Nevada, where housing prices have plunged by 30% to 40% in many markets.
Adjustable-rate mortgages requiring little or no down payments were wildly popular during 2005 and 2006 in the bubble states, and many homeowners in these states are now “under water,” owing more on the mortgages than their houses are worth.
About 12 million U.S. homeowners are in that situation, said Mark Zandi of Moody’s Economy.com. That’s a big increase compared with the 6.6 million homeowners who owed more than their houses were worth at the end of last year. Only about 3 million homeowners were under water at the end of 2006, Mr. Zandi said.
David M. Dickson
Copyright © 2008, The Washington TimesDistributed by McClatchy-Tribune Information Services.
“A dramatic tightening of underwriting standards and a rising number of underwater homeowners will eliminate more than half of the people” who could benefit from the new lower rates, said Guy Cecala, publisher of Inside Mortgage Finance.
To qualify for a conventional 30-year loan for $400,000 at a fixed rate of 5.5%, a consumer would need a credit score of 680, a down payment of 10% and a debt-to-income ratio of 45% or less, said Brian Bonnet, president of Signature Mortgage Services in Alexandria.
While acknowledging that credit standards had tightened this year, Bonnet emphasized that a buyer with solid credit could obtain a Federal Housing Administration-insured loan of $625,000 bearing a 5.5% fixed rate and requiring a down payment as low as 3.5%.
Mortgage rates fell immediately Nov. 25 after the Fed announced its extraordinary plan to spend $600 billion purchasing debt and mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
“This is as big as it gets,” said Bob Walters, chief economist of Internet lender Quicken Loans. Mr. Walters reported that mortgage rates instantly dropped three-quarters to 1 percentage point, reaching 5.4% to 5.5%, after the Fed announced its program.
Many lenders expect rates to keep dropping.
“Mortgage rates have been artificially high this year mostly due to panic and disruption in the credit markets, especially for anything with a mortgage label on it,” said Cecala. “A more appropriate rate for 30-year fixed rate mortgages would have been 5 percent or less,” given how the rate on the Treasury 10-year note has plunged, Cecala said. Cecala expects rates to reach 5% by the end of the year.
For those who do qualify, the savings can be substantial, especially if their initial below-market “teaser” rate is scheduled to adjust upward in the near future.
A 30-year, $350,000 mortgage bearing a fixed rate of 5.25% instead of 6.5% would save a borrower $280 per month. A half-percentage-point reduction to 5.5% would yield a monthly savings of $111.
“Many people have been sitting on the sidelines, and they are now the ones who can take advantage of this opportunity,” said Mr. Walters. “It’s an early Christmas present.”
Mortgage brokers in some areas of the country were quoting 30-year fixed rates as low as 5.25% late last week for borrowers with stellar credit and substantial equity in their homes. As recently as July and August, 30-year fixed-rate mortgages averaged about 6.5%, according to national surveys by Freddie Mac.
“Consumers should not be holding out for a lower interest rate,” Bonnet cautioned. “In the last 50 years, rates have not been appreciably lower than they are today,” he said. “Waiting for a lower rate could be a fool’s game,” especially given the extreme volatility that has characterized the mortgage market during the past year.
Walters also cautioned against delay. “You are betting against history if you are waiting for interest rates to go lower,” he said.
“Mortgage rates dropped a lot in a matter of a day, which is just what the Fed wanted,” said Patrick Newport, an economist at IHS Global Insight who specializes in housing. “However, it will only affect mortgages eligible to be purchased by Fannie and Freddie,” Newport said. Although that is a huge market, it likely will exclude many of those who need the most help to avoid foreclosure.
For example, subprime loans and many exotic mortgages, which required the homeowner to pay interest only for several years, will not be affected by the Fed’s initiative, Newport said.
Jumbo loans that are too big for Fannie and Freddie to buy (more than $730,000 for now, and more than $625,000 beginning Jan. 1) will continue to command interest rates in the neighborhood of 8%, analysts said.
The interest-rate decline also will be of no benefit to millions of troubled homeowners who want to refinance their mortgages in states that have been hammered by the bursting of the housing bubble, including California, Florida, Arizona and Nevada, where housing prices have plunged by 30% to 40% in many markets.
Adjustable-rate mortgages requiring little or no down payments were wildly popular during 2005 and 2006 in the bubble states, and many homeowners in these states are now “under water,” owing more on the mortgages than their houses are worth.
About 12 million U.S. homeowners are in that situation, said Mark Zandi of Moody’s Economy.com. That’s a big increase compared with the 6.6 million homeowners who owed more than their houses were worth at the end of last year. Only about 3 million homeowners were under water at the end of 2006, Mr. Zandi said.
David M. Dickson
Copyright © 2008, The Washington TimesDistributed by McClatchy-Tribune Information Services.
Friday, December 05, 2008
Dropping price of houses in Palm Springs driving sales
Palm Springs could be an example of how price is driving Coachella Valley real estate sales.
One area of the city, where the median price of housing fell by 11.5 percent in October to $250,000, reported an 8.8 percent increase in sales: 62 new and resale homes and condos closed escrow.
The other area of the city — within the 92264 zip code — had 41 sales, representing a year-over-year drop of more than 16 percent. There, the median price rose by 1.8 percent to $290,000.
Valleywide, the theory played out.
The median price of homes in the Coachella Valley fell 34 percent in October to $225,000, a level not seen since 2003, while sales were up significantly from a year ago for the second month in a row. October housing sales stood at 853, up 32 percent from 2007.
“The rise in sales indicates that buyers continue to take advantage of bargains in the marketplace, as the inventory continues to trend upwards and as more properties with troubled loans contribute to the number of properties for sale,'' said Greg Berkemer, executive vice president of the California Desert Association of Realtors.
Fifty-one percent of the homes that closed escrow in October across southern California had been foreclosed on at some point during the year, according to MDA DataQuick, which has provided The Desert Sun local housing data back to 1988.
DataQuick spokesman Andrew LePage said the percentage of all resales in Riverside County that have been foreclosed on in the prior 12 months was higher. It stands at 67.7 percent, he said.
“We've had a huge jump in sales over the last two months, but we're seeing a market where foreclosures and short sales are bolstering the numbers,'' said Sam Schenkl, executive officer of the Palm Springs Regional Association of Realtors.
“I (also) think consumers are holding the better properties off the market until the spring.”
Locally, there have been big ticket sales: The highest priced property in the city sold for $1.6 million.
“All of this is playing out against a global backdrop of tough economic times,'' Berkemer said.
“The good news is buyers are responding to the best deals I've seen in real estate in the last several years,'' he said, remarking that it will be tough to see these kinds of prices again.
“I think buyers have gotten the message and have gotten into the marketplace.”
The Desert Sun December 5, 2008
One area of the city, where the median price of housing fell by 11.5 percent in October to $250,000, reported an 8.8 percent increase in sales: 62 new and resale homes and condos closed escrow.
The other area of the city — within the 92264 zip code — had 41 sales, representing a year-over-year drop of more than 16 percent. There, the median price rose by 1.8 percent to $290,000.
Valleywide, the theory played out.
The median price of homes in the Coachella Valley fell 34 percent in October to $225,000, a level not seen since 2003, while sales were up significantly from a year ago for the second month in a row. October housing sales stood at 853, up 32 percent from 2007.
“The rise in sales indicates that buyers continue to take advantage of bargains in the marketplace, as the inventory continues to trend upwards and as more properties with troubled loans contribute to the number of properties for sale,'' said Greg Berkemer, executive vice president of the California Desert Association of Realtors.
Fifty-one percent of the homes that closed escrow in October across southern California had been foreclosed on at some point during the year, according to MDA DataQuick, which has provided The Desert Sun local housing data back to 1988.
DataQuick spokesman Andrew LePage said the percentage of all resales in Riverside County that have been foreclosed on in the prior 12 months was higher. It stands at 67.7 percent, he said.
“We've had a huge jump in sales over the last two months, but we're seeing a market where foreclosures and short sales are bolstering the numbers,'' said Sam Schenkl, executive officer of the Palm Springs Regional Association of Realtors.
“I (also) think consumers are holding the better properties off the market until the spring.”
Locally, there have been big ticket sales: The highest priced property in the city sold for $1.6 million.
“All of this is playing out against a global backdrop of tough economic times,'' Berkemer said.
“The good news is buyers are responding to the best deals I've seen in real estate in the last several years,'' he said, remarking that it will be tough to see these kinds of prices again.
“I think buyers have gotten the message and have gotten into the marketplace.”
The Desert Sun December 5, 2008
Wednesday, November 19, 2008
Sales in the Desert are UP!
Coachella Valley-specific numbers have yet to be compiled by DataQuick for October. The latest valley figures, reflecting September sales, showed:
A total of 865 homes were sold in the Coachella Valley in September, a 65.4 percent increase from September 2007.
That was the strongest year-over-year showing in nearly two decades.
The valleywide median hit $230,000 in September, down 37.8 percent from September 2007.
Desert Sun - November 19
A total of 865 homes were sold in the Coachella Valley in September, a 65.4 percent increase from September 2007.
That was the strongest year-over-year showing in nearly two decades.
The valleywide median hit $230,000 in September, down 37.8 percent from September 2007.
Desert Sun - November 19
Sunday, November 02, 2008
Housing sales in La Quinta jumped 42.6 percent in September
Housing sales in La Quinta jumped 42.6 percent in September from the year before, a strong year-over-year showing driven by ever-lowering prices and buyers nabbing entry-level foreclosures.
A total of 87 homes were sold in the 92253 ZIP code last month, which was up 6.1 percent from August sales figures, according to an analysis released this week from MDA DataQuick.
Experts say the rise in sales is directly related to lowering prices: In September, La Quinta's median price hit $285,500, down 31.9 percent from the year before.
DataQuick's monthly housing report also shows:
A total of 865 homes were sold valleywide, a 65.4 percent increase from September 2007.
That's the strongest year-over-year showing in nearly two decades.
La Quinta's median price remains higher than the valleywide price, which hit $230,000, in September. That's down 37.8 percent from September 2007.
The median price per square foot in the city was $163. That's above with the valleywide price per square foot, which hit $125 in September.
The most expensive home sold in the valley in September was a $2.49 million single-family home in La Quinta.
Despite a large jump in September sales valleywide, October inventory numbers are up slightly indicating the market is still dealing with “people with troubled loans,” said Greg Berkemer, executive vice president of California Desert Association of Realtors.
La Quinta Sun October 30, 2008
Visit http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx for a breakdown of monthly sales of all California cities
A total of 87 homes were sold in the 92253 ZIP code last month, which was up 6.1 percent from August sales figures, according to an analysis released this week from MDA DataQuick.
Experts say the rise in sales is directly related to lowering prices: In September, La Quinta's median price hit $285,500, down 31.9 percent from the year before.
DataQuick's monthly housing report also shows:
A total of 865 homes were sold valleywide, a 65.4 percent increase from September 2007.
That's the strongest year-over-year showing in nearly two decades.
La Quinta's median price remains higher than the valleywide price, which hit $230,000, in September. That's down 37.8 percent from September 2007.
The median price per square foot in the city was $163. That's above with the valleywide price per square foot, which hit $125 in September.
The most expensive home sold in the valley in September was a $2.49 million single-family home in La Quinta.
Despite a large jump in September sales valleywide, October inventory numbers are up slightly indicating the market is still dealing with “people with troubled loans,” said Greg Berkemer, executive vice president of California Desert Association of Realtors.
La Quinta Sun October 30, 2008
Visit http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx for a breakdown of monthly sales of all California cities
Great Bargains - Bank Owned Properties
Times have changed! (The understatement of the year!)
Bank Owned Properties
Now is a great time to buy with the growing number of bank owned properties in Cathedral City, Palm Desert, Palm Springs, Indio, and Rancho Mirage. My 38 years of experience (and going through this market situation for the third time) have given me the knowledge and resources to help you find your next home or real estate investment.
I would also like to take this opportunity to let you know that we'll be sending out quite a few of these REO/Bank Owned properties each week ranging from $200,000 to $5,000,000.
If you have any questions, especially about Short Sales, call or email me today to learn more about Bank-Owned homes, Short Sales, Foreclosures and property showings.
Click here to try out the link to REO/Bank-owned/Foreclosure properties now . This will take you directly to all such properties on my website
Bank Owned Properties
Now is a great time to buy with the growing number of bank owned properties in Cathedral City, Palm Desert, Palm Springs, Indio, and Rancho Mirage. My 38 years of experience (and going through this market situation for the third time) have given me the knowledge and resources to help you find your next home or real estate investment.
I would also like to take this opportunity to let you know that we'll be sending out quite a few of these REO/Bank Owned properties each week ranging from $200,000 to $5,000,000.
If you have any questions, especially about Short Sales, call or email me today to learn more about Bank-Owned homes, Short Sales, Foreclosures and property showings.
Click here to try out the link to REO/Bank-owned/Foreclosure properties now . This will take you directly to all such properties on my website
Sunday, April 06, 2008
TEN GOOD REASONS TO USE A BUYER'S AGENT SUCH AS MYSELF
1)
You will incur NO OUT-OF-POCKET COSTS in return for client-level, buyer-agent services.
2)
You will SPEND NO MORE than you choose: you will be encouraged to SPEND LESS than you are able to.
3)
You will be discouraged from buying incorrectly or paying too much. YOU WON'T BE SOLD ANYTHING.
4)
You will have EXCLUSIVE, DETAILED INFORMATION about all the homes (and areas) you consider.
5)
You will be exposed to ALL YOUR OPTIONS - listed or FSBO - not steered to (or away from) choices.
6)
You will be served by someone CAPABLE OF MAKING GOOD ON GOOD INTENTIONS.
7)
You will be served by a handpicked SUPPORT TEAM of inspectors/vendors – not just handed a list of names.
8)
You will know that you purchased the BEST HOME for you on the BEST TERMS at the BEST PRICE.
9)
A BUYER'S AGENT'S duties to you can never conflict with duties to a seller. Should a conflict arise, you will be given the option of working with another non-affiliated agent.
10)
YOUR INTERESTS will be placed above all others, including the agent's. This is how Professional Buyer’s Agents operate!
You will incur NO OUT-OF-POCKET COSTS in return for client-level, buyer-agent services.
2)
You will SPEND NO MORE than you choose: you will be encouraged to SPEND LESS than you are able to.
3)
You will be discouraged from buying incorrectly or paying too much. YOU WON'T BE SOLD ANYTHING.
4)
You will have EXCLUSIVE, DETAILED INFORMATION about all the homes (and areas) you consider.
5)
You will be exposed to ALL YOUR OPTIONS - listed or FSBO - not steered to (or away from) choices.
6)
You will be served by someone CAPABLE OF MAKING GOOD ON GOOD INTENTIONS.
7)
You will be served by a handpicked SUPPORT TEAM of inspectors/vendors – not just handed a list of names.
8)
You will know that you purchased the BEST HOME for you on the BEST TERMS at the BEST PRICE.
9)
A BUYER'S AGENT'S duties to you can never conflict with duties to a seller. Should a conflict arise, you will be given the option of working with another non-affiliated agent.
10)
YOUR INTERESTS will be placed above all others, including the agent's. This is how Professional Buyer’s Agents operate!
Labels:
What to Do if Your Home Isn't Selling...
From rethinking your color scheme to holding open houses on weeknights, here are 10 tips for sparking interest in your home.
Whether you're in a bone-dry market or a sizzling selling season, if you haven't received any offers on your home you're probably facing the question of whether to take it off the market. A house that goes too long without selling begins to appear "stale" and can actually damage your future chances of a sale.
How long is too long? It's not an exact science, but there are some helpful indicators. In a dry market, a sales period of six months to one year isn't unusual. Look at recent sales reports of similar homes nearby to determine a reasonable selling interval. In a hot seller's market, a house that hasn't sold within one month indicates a problem. In either case, there are several steps you can take before putting up the white flag.
10 tips to improve your selling karma
1. Videotape your house, inside and out, and watch the tape as if you were a prospective buyer. Is the lawn weedy or the garden bare? Is your home uncluttered and spotlessly scrubbed? Sparkling-clean houses sell faster than those that look too lived-in or show an abundance of the owner's personality.
2. Take a second look at your listing price. Visit open houses in your neighborhood. Are similar homes priced lower? Selling prices may have dropped since your first comparative market analysis. In a hot market, if you haven't sold your home within one month, chances are good that you've overpriced it. If you do lower your asking price, consider a figure slightly below those of other comparable homes if you are interested in a speedy sale.
3. Do whatever it takes to be away from your home during showings and open houses. The presence of sellers makes it difficult for prospective buyers to take their time or talk openly with their partner and agent. Leave some treats out to make potential buyers more comfortable: beverages, nuts, cookies -- anything that won't lose freshness or be too messy.
4. Ask your listing agent to talk to buyer agents in his or her firm who have shown your home. The feedback from their clients can guide you in making home repairs, toning down your decor, making landscaping improvements and the like.
5. Hold an open house on a weeknight. Competition is lower, and you'll attract the interest of buyers who can't make weekend appointments because of other commitments.
6. Take out some extra online ads or print ads, even if your agent is doing a good job with promotions. Look for out-of-the-ordinary places to advertise, such as trade magazines, company newsletters and other alternative resources. You can even offer perks to buyers, such as a cash bonus or a season ski pass.
7. Neutralize your color scheme. Most buyers prefer pale, neutral colors that make it easier to imagine a new home as their own. Houses with white exteriors are the highest sellers; for interiors, try whites, off-whites or pale grays.
8.If you've had offers but you considered them too "lowball," try readjusting your sights.
Determine the lowest price you find acceptable, and consider anything more as icing on the cake. In a longstanding dry market you may even have to sell at a loss, so it's important to take every offer seriously. You don't want to alienate a potential buyer who has solid financing because you've set your sights unrealistically high.
Is your listing agent giving your house adequate attention? If not, start by having a candid talk. If there's no change, discuss the problem with the firm's broker. As a last resort, wait until your listing agreement expires and find an agent with a proven track record in your area. On the other hand, if you have a fabulous agent but the market is underwater, consider offering an increased commission or a bonus for your listing agent as extra incentive.
If you do sweeten the pot for your agent, amend your listing contract to reflect the change, and be sure it's added to the Multiple Listing Service (MLS) book -- buyer agents will also be inspired to give your house extra attention.
8. Relist your house to give it a kick-start. When it was listed on the MLS, it was assigned a number reflecting the date and year of the listing. By now it may appear outdated to buyer agents; relisting will provide you with a new number. Check into the policies of your local MLS: You may need to make a change to qualify for relisting, such as temporarily taking your home off the market, adjusting its price or changing listing agents or firms.
Taking your house off the market. If you've tried the tips above, you're confident that your asking price is competitive, you have an ace agent and you're still not getting any action, it's probably time to take your house off the market. Here are some ways to make the most of it:
Choose your selling season.
If you can afford to do so, relist during a more dependable selling season. After warming up in late winter, the market typically starts to peak from the ides of April (yep, tax season makes a difference) until June, when longer days and splashes of garden color make homes look their best. In summer, the market slows to a crawl, followed by a second peak from September to Thanksgiving. From then until January, the market tends to be as cold as a Midwestern winter, but it can also be advantageous to list while the competition is sleeping.
Research the trends in your area: If you live near a winter resort, for example, winter may be the savviest time to sell.
9. If you're a senior, consider a reverse mortgage. Designed to help seniors who have more home equity than they do cash, a reverse mortgage is a loan against your home. The money is disbursed as either a single payment or a monthly sum, and the loan comes due (with interest, of course) only when the house is sold or upon the death of the owner.
Rent out your home until the market bounces back.
10. If you must leave your home because of a job transfer or other extenuating circumstance, renting is an excellent option as you wait for the market to regain some heat. If you don't have the time or the talent it takes to be a good landlord, contact a reputable company that specializes in screening applicants and managing properties.
By Sally Anderson
Whether you're in a bone-dry market or a sizzling selling season, if you haven't received any offers on your home you're probably facing the question of whether to take it off the market. A house that goes too long without selling begins to appear "stale" and can actually damage your future chances of a sale.
How long is too long? It's not an exact science, but there are some helpful indicators. In a dry market, a sales period of six months to one year isn't unusual. Look at recent sales reports of similar homes nearby to determine a reasonable selling interval. In a hot seller's market, a house that hasn't sold within one month indicates a problem. In either case, there are several steps you can take before putting up the white flag.
10 tips to improve your selling karma
1. Videotape your house, inside and out, and watch the tape as if you were a prospective buyer. Is the lawn weedy or the garden bare? Is your home uncluttered and spotlessly scrubbed? Sparkling-clean houses sell faster than those that look too lived-in or show an abundance of the owner's personality.
2. Take a second look at your listing price. Visit open houses in your neighborhood. Are similar homes priced lower? Selling prices may have dropped since your first comparative market analysis. In a hot market, if you haven't sold your home within one month, chances are good that you've overpriced it. If you do lower your asking price, consider a figure slightly below those of other comparable homes if you are interested in a speedy sale.
3. Do whatever it takes to be away from your home during showings and open houses. The presence of sellers makes it difficult for prospective buyers to take their time or talk openly with their partner and agent. Leave some treats out to make potential buyers more comfortable: beverages, nuts, cookies -- anything that won't lose freshness or be too messy.
4. Ask your listing agent to talk to buyer agents in his or her firm who have shown your home. The feedback from their clients can guide you in making home repairs, toning down your decor, making landscaping improvements and the like.
5. Hold an open house on a weeknight. Competition is lower, and you'll attract the interest of buyers who can't make weekend appointments because of other commitments.
6. Take out some extra online ads or print ads, even if your agent is doing a good job with promotions. Look for out-of-the-ordinary places to advertise, such as trade magazines, company newsletters and other alternative resources. You can even offer perks to buyers, such as a cash bonus or a season ski pass.
7. Neutralize your color scheme. Most buyers prefer pale, neutral colors that make it easier to imagine a new home as their own. Houses with white exteriors are the highest sellers; for interiors, try whites, off-whites or pale grays.
8.If you've had offers but you considered them too "lowball," try readjusting your sights.
Determine the lowest price you find acceptable, and consider anything more as icing on the cake. In a longstanding dry market you may even have to sell at a loss, so it's important to take every offer seriously. You don't want to alienate a potential buyer who has solid financing because you've set your sights unrealistically high.
Is your listing agent giving your house adequate attention? If not, start by having a candid talk. If there's no change, discuss the problem with the firm's broker. As a last resort, wait until your listing agreement expires and find an agent with a proven track record in your area. On the other hand, if you have a fabulous agent but the market is underwater, consider offering an increased commission or a bonus for your listing agent as extra incentive.
If you do sweeten the pot for your agent, amend your listing contract to reflect the change, and be sure it's added to the Multiple Listing Service (MLS) book -- buyer agents will also be inspired to give your house extra attention.
8. Relist your house to give it a kick-start. When it was listed on the MLS, it was assigned a number reflecting the date and year of the listing. By now it may appear outdated to buyer agents; relisting will provide you with a new number. Check into the policies of your local MLS: You may need to make a change to qualify for relisting, such as temporarily taking your home off the market, adjusting its price or changing listing agents or firms.
Taking your house off the market. If you've tried the tips above, you're confident that your asking price is competitive, you have an ace agent and you're still not getting any action, it's probably time to take your house off the market. Here are some ways to make the most of it:
Choose your selling season.
If you can afford to do so, relist during a more dependable selling season. After warming up in late winter, the market typically starts to peak from the ides of April (yep, tax season makes a difference) until June, when longer days and splashes of garden color make homes look their best. In summer, the market slows to a crawl, followed by a second peak from September to Thanksgiving. From then until January, the market tends to be as cold as a Midwestern winter, but it can also be advantageous to list while the competition is sleeping.
Research the trends in your area: If you live near a winter resort, for example, winter may be the savviest time to sell.
9. If you're a senior, consider a reverse mortgage. Designed to help seniors who have more home equity than they do cash, a reverse mortgage is a loan against your home. The money is disbursed as either a single payment or a monthly sum, and the loan comes due (with interest, of course) only when the house is sold or upon the death of the owner.
Rent out your home until the market bounces back.
10. If you must leave your home because of a job transfer or other extenuating circumstance, renting is an excellent option as you wait for the market to regain some heat. If you don't have the time or the talent it takes to be a good landlord, contact a reputable company that specializes in screening applicants and managing properties.
By Sally Anderson
Sun City Shadow Hills - Best Value in the Desert!
Sun City Shadow Hills is the latest active 55+ community in the Del Webb tradition. Located in the foothills of the Shadow Mountains with easy access to the 10 freeway from the Jefferson off-ramp. Its just 2.5 hours from LA and San Diego.
The community is set on 800 acres and will have approximately 3,200 homes and two golf courses when complete. One is currently open for play. The course is a well designed course that is maintained in excellent condition.
The recreation center has pool tables, meeting rooms and lounging areas. The tennis courts get a lot of use. This is a very social enviroment and the average age is about 59/60 compared to Sun City Palm Desert where the average age is 70+ walkers.
The fitness center overlooks panoramic views of the mountains and has state of the art equipment and features both indoor and outdoor pools.
There are 19 models, 10 of which are still available with the Avalino beingthe most popular.
Ther are some great opportunities and discounts available that are not advertised at Shadow Hills so call me if you would like to visit Shadow Hills and click on this link: http://www.luxurydeserthomes.com/home-buyer-best-value.asp
The community is set on 800 acres and will have approximately 3,200 homes and two golf courses when complete. One is currently open for play. The course is a well designed course that is maintained in excellent condition.
The recreation center has pool tables, meeting rooms and lounging areas. The tennis courts get a lot of use. This is a very social enviroment and the average age is about 59/60 compared to Sun City Palm Desert where the average age is 70+ walkers.
The fitness center overlooks panoramic views of the mountains and has state of the art equipment and features both indoor and outdoor pools.
There are 19 models, 10 of which are still available with the Avalino beingthe most popular.
Ther are some great opportunities and discounts available that are not advertised at Shadow Hills so call me if you would like to visit Shadow Hills and click on this link: http://www.luxurydeserthomes.com/home-buyer-best-value.asp
Wrap yourself in a blanket of artwork at Indian Wells Arts Festival
Indian Wells Arts Festival founder Dianne Funk likes to change things up a bit each year to keep the festival fresh.
For this year's event, which runs Friday through Sunday, there's the Braille Institute's "Art Beyond the Visual" interactive display, the S.C.R.A.P. Gallery's "Tour De Trash" and Yucca Valley muralist Linda Shrader, who will work live on a trompe l'oeil (literally deceiving the eye) mural.
"I really believe that the experience should be more than just looking at art," Funk says.
Festival goers of all ages should, she says, have the opportunity to touch and be touched by the many mediums represented. "That's whether they're young children just discovering the world of art, or adults who already have an appreciation for all art brings to everyday life."
It's the ability of art to bring people together that gives Funk pleasure. "These artists work so hard," she says of the 200 juried artists at this year's festival. "(The festival) is a chance for people to come out and interact with them."
More than 10,000 Coachella Valley art lovers and visitors attended the 2007 festival. Sales, Funk says, topped more than $900,000.
The interactive side of the festival includes glass-blowing demonstrations by Bruce Freund and the third "Chef Masterpieces" private tasting presented by local chefs.
Incendio will once again provide the background sound.
There's also the S.C.R.A.P. Gallery's "Tour de Trash - Recycle Bicycles" exhibit, which turns old bike parts into art.
One activity that Funk is excited about is the Braille Institute's "Art Beyond the Visual."
"It's a hands-on exhibit to view art as a visually impaired or blind person would," she says. The Braille Institute's Mobile Solutions Van will display art created by the Institute's clients.
"It's a chance to renew a very colorful relationship," Funk says.
Desert Sun - April 3
For this year's event, which runs Friday through Sunday, there's the Braille Institute's "Art Beyond the Visual" interactive display, the S.C.R.A.P. Gallery's "Tour De Trash" and Yucca Valley muralist Linda Shrader, who will work live on a trompe l'oeil (literally deceiving the eye) mural.
"I really believe that the experience should be more than just looking at art," Funk says.
Festival goers of all ages should, she says, have the opportunity to touch and be touched by the many mediums represented. "That's whether they're young children just discovering the world of art, or adults who already have an appreciation for all art brings to everyday life."
It's the ability of art to bring people together that gives Funk pleasure. "These artists work so hard," she says of the 200 juried artists at this year's festival. "(The festival) is a chance for people to come out and interact with them."
More than 10,000 Coachella Valley art lovers and visitors attended the 2007 festival. Sales, Funk says, topped more than $900,000.
The interactive side of the festival includes glass-blowing demonstrations by Bruce Freund and the third "Chef Masterpieces" private tasting presented by local chefs.
Incendio will once again provide the background sound.
There's also the S.C.R.A.P. Gallery's "Tour de Trash - Recycle Bicycles" exhibit, which turns old bike parts into art.
One activity that Funk is excited about is the Braille Institute's "Art Beyond the Visual."
"It's a hands-on exhibit to view art as a visually impaired or blind person would," she says. The Braille Institute's Mobile Solutions Van will display art created by the Institute's clients.
"It's a chance to renew a very colorful relationship," Funk says.
Desert Sun - April 3
Palm Desert spots nab kudos in Best of Valley contest
The people have spoken, and Palm Desert businesses were among those honored in this year's Best of the Valley contest in Desert Magazine.
The 15th annual contest drew more than 100,000 votes in more than 70 different categories.
We hope you enjoy the results and find some of your own Best of the Valley favorites here and on mydesert.com/bestof.
Here are some of Palm Desert's bests:
Dive bars
The Red Barn received an honorable mention.
The Fire House received an honorable mention.
Happy hour
Sullivan's Steakhouse, 73-505 El Paseo, won first in this category.
Margarita
Armando's Bar & Grill received an honorable mention in this category.
Martini
Sullivan's Steakhouse received an honorable mention.
Live Theaters
McCallum Theatre, 73-000 Fred Waring Drive, took first place in this category.
Local Band
Eagles of Death Metal took first place in this category.
Dance spot
Costa's, JW Marriott Desert Springs, 74-855 Country Club Drive, took first place in this category.
Live music
Sullivan's Steakhouse received an honorable mention.
Italian Restaurant
Le Donne Cucina Italiana, 72-624 El Paseo, placed first in this category.
Mario's Italian Restaurant received an honorable mention.
Castelli's received an honorable mention.
Thai Restaurant
Pepper's Thai Cuisine received an honorable mention.
Japanese Restaurant
Mikado received an honorable mention.
Seafood Restaurant
Fisherman's Market, 44-250 Town Center Way, placed first in this category.
Pacifica Seafood Restaurant received an honorable mention.
Sea Grille at JW Marriott Desert Springs received an honorable mention.
French Restaurant
Cuistot Restaurant received an honorable mention.
Chez Pierre received an honorable mention.
Pizza
Papa Dan's Pizza received an honorable mention.
Haus of Pizza received an honorable mention.
Ice Cream
Baskin-Robbins received an honorable mention.
Bagels
Benny's Bagels, 72-785 Highway 111, placed first in this category.
New York Bagel & Deli received an honorable mention.
Bakeries
Jensen's Finest Foods received an honorable mention.
Coffee
Starbucks, which has 23 valley locations including some in Palm Desert, placed first in this category.
Steakhouses
Ruth's Chris Steakhouse, 74-740 Highway 111, placed first in this category.
Chop House received an honorable mention.
LG's Prime Steakhouse received an honorable mention.
Romantic dinner
Jillians, 74-155 El Paseo, received first place in this category.
Chop House received an honorable mention.
Dinner deal
Sullivan's Steak House received an honorable mention.
Elephant Bar & Grill received an honorable mention.
Brunch
Lakeview received an honorable mention.
Continental Restaurant
Cork Tree Restaurant received an honorable mention.
Hot Dogs
Costco, 72-800 Dinah Shore Drive, took first place in this category.
Fish Taco
Fisherman's Market & Grill, 44-250 Town Center Way, took first place in this category.
Rubio's received an honorable mention.
Frozen Yogurt
The Yogurt Café received an honorable mention.
Barbecue Place
Tony Roma's Famous For Ribs received an honorable mention.
Car Wash
Executive Car Wash received an honorable mention.
Shoe Repair
Super Service, 73-725 El Paseo, took first place in this category.
Quick Massage
Jay McEarchen, Serenity Massage, 73-925 Highway 111, placed first in this category.
Massage Envy received an honorable mention.
All About Massage received an honorable mention.
Dry Cleaner
Escalade, 72-790 El Paseo, placed first.
Nurseries
Moller's Garden Center, 72-235 Painter's Path, placed first in this category.
Children's Clothing
Old Navy, 72-349 Highway 111, placed first in this category.
Limited Too received an honorable mention.
Target received an honorable mention.
Art Galleries
RE Welch received an honorable mention.
Coda Gallery received an honorable mention.
Women's Shoe Store
DSW, 72-399 Highway 111, placed first in this category.
E&J's Designer Shoe Outlet received an honorable mention.
Snookie's Footsies received an honorable mention.
Specialty Food Stores
Trader Joe's, 44-150 Town Center Way, placed first in this category.
Bristol Farms received an honorable mention.
Jensen's Finest Foods received an honorable mention.
Florists
Jensen's received an honorable mention.
Jewelry Stores
Leeds & Son, 73-670 El Paseo, placed first in this category.
Tiffany & Co. received an honorable mention.
Pet Stores
PetSmart, 34-900 Monterey Ave., placed first in this category.
Three Dog Bakery received an honorable mention.
Kitchen Shops
Upper Crust received an honorable mention.
Williams Sonoma received an honorable mention.
Place to buy chocolate
See's Candies, Westfield Palm Desert, 72-480 Highway 111, placed first in this category.
Valley High School
Palm Desert High School, 43-570 Phyllis Jackson Lane, placed first in this category.
Private Schools
Sacred Heart School, 43-775 Deep Canyon Road, placed first in this category.
Public Parks
Palm Desert Civic Center Park, Fred Waring Drive, placed first.
Freedom Park received an honorable mention.
Public Golf Courses
Desert Willow Golf Resort received an honorable mention.
Place to Take Kids
The Living Desert Zoo and Gardens, 47-900 Portola Ave., placed first.
Hikes
National Monument Visitors Center, Highway 74, received an honorable mention.
Fitness Center
Next Level Fitness, 74-050 Highway 111, placed first in this category.
Desert Sun - April 3
The 15th annual contest drew more than 100,000 votes in more than 70 different categories.
We hope you enjoy the results and find some of your own Best of the Valley favorites here and on mydesert.com/bestof.
Here are some of Palm Desert's bests:
Dive bars
The Red Barn received an honorable mention.
The Fire House received an honorable mention.
Happy hour
Sullivan's Steakhouse, 73-505 El Paseo, won first in this category.
Margarita
Armando's Bar & Grill received an honorable mention in this category.
Martini
Sullivan's Steakhouse received an honorable mention.
Live Theaters
McCallum Theatre, 73-000 Fred Waring Drive, took first place in this category.
Local Band
Eagles of Death Metal took first place in this category.
Dance spot
Costa's, JW Marriott Desert Springs, 74-855 Country Club Drive, took first place in this category.
Live music
Sullivan's Steakhouse received an honorable mention.
Italian Restaurant
Le Donne Cucina Italiana, 72-624 El Paseo, placed first in this category.
Mario's Italian Restaurant received an honorable mention.
Castelli's received an honorable mention.
Thai Restaurant
Pepper's Thai Cuisine received an honorable mention.
Japanese Restaurant
Mikado received an honorable mention.
Seafood Restaurant
Fisherman's Market, 44-250 Town Center Way, placed first in this category.
Pacifica Seafood Restaurant received an honorable mention.
Sea Grille at JW Marriott Desert Springs received an honorable mention.
French Restaurant
Cuistot Restaurant received an honorable mention.
Chez Pierre received an honorable mention.
Pizza
Papa Dan's Pizza received an honorable mention.
Haus of Pizza received an honorable mention.
Ice Cream
Baskin-Robbins received an honorable mention.
Bagels
Benny's Bagels, 72-785 Highway 111, placed first in this category.
New York Bagel & Deli received an honorable mention.
Bakeries
Jensen's Finest Foods received an honorable mention.
Coffee
Starbucks, which has 23 valley locations including some in Palm Desert, placed first in this category.
Steakhouses
Ruth's Chris Steakhouse, 74-740 Highway 111, placed first in this category.
Chop House received an honorable mention.
LG's Prime Steakhouse received an honorable mention.
Romantic dinner
Jillians, 74-155 El Paseo, received first place in this category.
Chop House received an honorable mention.
Dinner deal
Sullivan's Steak House received an honorable mention.
Elephant Bar & Grill received an honorable mention.
Brunch
Lakeview received an honorable mention.
Continental Restaurant
Cork Tree Restaurant received an honorable mention.
Hot Dogs
Costco, 72-800 Dinah Shore Drive, took first place in this category.
Fish Taco
Fisherman's Market & Grill, 44-250 Town Center Way, took first place in this category.
Rubio's received an honorable mention.
Frozen Yogurt
The Yogurt Café received an honorable mention.
Barbecue Place
Tony Roma's Famous For Ribs received an honorable mention.
Car Wash
Executive Car Wash received an honorable mention.
Shoe Repair
Super Service, 73-725 El Paseo, took first place in this category.
Quick Massage
Jay McEarchen, Serenity Massage, 73-925 Highway 111, placed first in this category.
Massage Envy received an honorable mention.
All About Massage received an honorable mention.
Dry Cleaner
Escalade, 72-790 El Paseo, placed first.
Nurseries
Moller's Garden Center, 72-235 Painter's Path, placed first in this category.
Children's Clothing
Old Navy, 72-349 Highway 111, placed first in this category.
Limited Too received an honorable mention.
Target received an honorable mention.
Art Galleries
RE Welch received an honorable mention.
Coda Gallery received an honorable mention.
Women's Shoe Store
DSW, 72-399 Highway 111, placed first in this category.
E&J's Designer Shoe Outlet received an honorable mention.
Snookie's Footsies received an honorable mention.
Specialty Food Stores
Trader Joe's, 44-150 Town Center Way, placed first in this category.
Bristol Farms received an honorable mention.
Jensen's Finest Foods received an honorable mention.
Florists
Jensen's received an honorable mention.
Jewelry Stores
Leeds & Son, 73-670 El Paseo, placed first in this category.
Tiffany & Co. received an honorable mention.
Pet Stores
PetSmart, 34-900 Monterey Ave., placed first in this category.
Three Dog Bakery received an honorable mention.
Kitchen Shops
Upper Crust received an honorable mention.
Williams Sonoma received an honorable mention.
Place to buy chocolate
See's Candies, Westfield Palm Desert, 72-480 Highway 111, placed first in this category.
Valley High School
Palm Desert High School, 43-570 Phyllis Jackson Lane, placed first in this category.
Private Schools
Sacred Heart School, 43-775 Deep Canyon Road, placed first in this category.
Public Parks
Palm Desert Civic Center Park, Fred Waring Drive, placed first.
Freedom Park received an honorable mention.
Public Golf Courses
Desert Willow Golf Resort received an honorable mention.
Place to Take Kids
The Living Desert Zoo and Gardens, 47-900 Portola Ave., placed first.
Hikes
National Monument Visitors Center, Highway 74, received an honorable mention.
Fitness Center
Next Level Fitness, 74-050 Highway 111, placed first in this category.
Desert Sun - April 3
Tuesday, March 25, 2008
U.S. housing news: a bump and dip
In a surprise, February sales improved but the median price continued to slide
WASHINGTON - After falling for six straight months, sales of existing homes posted an unexpected increase in February, which may have reflected more aggressive price cutting by sellers in some parts of the country, a real estate trade group reported.
The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. It was the biggest increase in a year and caught economists by surprise. They had been expecting a small decline.
The trade group reported that the median existing sales price in February fell to $195,900. That was the largest year-over-year drop on records that go back to 1999.
Lawrence Yun, chief economist for the Realtors, said that prices in some formerly hot markets in California and Florida were seeing significant price declines now as sellers try to attract buyers.
Analysts cautioned against reading too much into the one-month rise in sales. Many economists are predicting that the steep slump in housing will not bottom-out until later this year after prices fall further and allow huge levels of unsold inventories to be reduced.
By region of the country, sales surged by 11.3 percent in the Northeast and were up 2.5 percent in the Midwest and 2.1 percent in the South. The only region of the country to see a decline in the sales was the West, where they dropped by 1.1 percent.
Sales of existing homes fell by 12.7 percent in 2007, the biggest decline in 25 years. Over the past two years, housing has been in a steep downturn made worse by a severe credit crunch as financial institutions tightened their lending standards in reaction to their multibillion-dollar losses on mortgages that have gone into default.
Martin Crutsinger • the associated press • March 25, 2008
WASHINGTON - After falling for six straight months, sales of existing homes posted an unexpected increase in February, which may have reflected more aggressive price cutting by sellers in some parts of the country, a real estate trade group reported.
The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. It was the biggest increase in a year and caught economists by surprise. They had been expecting a small decline.
The trade group reported that the median existing sales price in February fell to $195,900. That was the largest year-over-year drop on records that go back to 1999.
Lawrence Yun, chief economist for the Realtors, said that prices in some formerly hot markets in California and Florida were seeing significant price declines now as sellers try to attract buyers.
Analysts cautioned against reading too much into the one-month rise in sales. Many economists are predicting that the steep slump in housing will not bottom-out until later this year after prices fall further and allow huge levels of unsold inventories to be reduced.
By region of the country, sales surged by 11.3 percent in the Northeast and were up 2.5 percent in the Midwest and 2.1 percent in the South. The only region of the country to see a decline in the sales was the West, where they dropped by 1.1 percent.
Sales of existing homes fell by 12.7 percent in 2007, the biggest decline in 25 years. Over the past two years, housing has been in a steep downturn made worse by a severe credit crunch as financial institutions tightened their lending standards in reaction to their multibillion-dollar losses on mortgages that have gone into default.
Martin Crutsinger • the associated press • March 25, 2008
Tuesday, February 05, 2008
Best Buys in La Quinta, CA
Dear Bloggers seeking the best buys in La Quinta,
The Quarry...The Tradition...The Hideaway...
These are Magical Names of The Desert - where everybody aspires to live.
Presently there are actually some great opportunities available in the aforementioned developments plus some of the other excellent communities in La Quinta.
The homes included in this email are the lowest priced in their respective developments. FYI, the home at the Quarry has an extremely motivated seller and as they say, "it's always better to own the least expensive home in the most expensive community rather than the most expensive home in that community".
If you'd like to view any of these homes, or if you have additional questions, please email or phone me today.
All the best,
Barry
Mountain views
Mountain View Country Club
Type: Single Family Home
Location: La Quinta, Mountainview CC, 80340 Via Valerosa
Price: $745,000
Fairway and mountain views
The Citrus
Type: Single Family Home
Location: La Quinta, The Citrus, 79330 Toronja
Price: $799,000
Made for outdoor living
The Palms
Type: Single Family Home
Location: La Quinta, The Palms, 81997 Couples Ct
Price: $839,900
Water and golf views
Rancho La Quinta Country Club
Type: Single Family Home
Location: La Quinta, Rancho LaQuinta CC, 79890 Rancho LaQnta
Price: $975,000
Panoramic views
Andalusia
Type: Single Family Home
Location: La Quinta, Andalusia, 81460 Carboneras
Price: $1,365,000
Peaceful interior
The Quarry
Type: Single Family Home
Location: La Quinta, The Quarry, 79620 Tom Fazio Ln
Price: $1,495,000
Stone accents inside and out
The Estancias
Type: Single Family Home
Location: La Quinta, The Estancias, 79420 Briarwood
Price: $1,799,000
On Clive Clark golf course
The Hideaway
Type: Single Family Home
Location: La Quinta, The Hideaway, 80597 Via Savona
Price: $1,850,000
Enjoy the view from the top
The Tradition
Type: Single Family Home
Location: La Quinta, The Tradition, 78210 Pinnacle
Price: $1,975,000
Secluded with beautiful views
The Enclave
Type: Single Family Home
Location: La Quinta, The Enclave, 77201 Calle Flora
Price: $2,299,000
--------------------------------------------------------------------------------
Don't worry about timing the market in real estate.
It's about the time IN the market that will matter for you.
--------------------------------------------------------------------------------
Barry Lotz, J.D.,Ph.D.
Rothman Realty
Phone: 760.574.7676
Toll Free: 1.866.525.BUYHOMES (1.866.525.2894)
Email: barry@luxurydeserthomes.com
Website: www.LuxuryDesertHomes.com
The Quarry...The Tradition...The Hideaway...
These are Magical Names of The Desert - where everybody aspires to live.
Presently there are actually some great opportunities available in the aforementioned developments plus some of the other excellent communities in La Quinta.
The homes included in this email are the lowest priced in their respective developments. FYI, the home at the Quarry has an extremely motivated seller and as they say, "it's always better to own the least expensive home in the most expensive community rather than the most expensive home in that community".
If you'd like to view any of these homes, or if you have additional questions, please email or phone me today.
All the best,
Barry
Mountain views
Mountain View Country Club
Type: Single Family Home
Location: La Quinta, Mountainview CC, 80340 Via Valerosa
Price: $745,000
Fairway and mountain views
The Citrus
Type: Single Family Home
Location: La Quinta, The Citrus, 79330 Toronja
Price: $799,000
Made for outdoor living
The Palms
Type: Single Family Home
Location: La Quinta, The Palms, 81997 Couples Ct
Price: $839,900
Water and golf views
Rancho La Quinta Country Club
Type: Single Family Home
Location: La Quinta, Rancho LaQuinta CC, 79890 Rancho LaQnta
Price: $975,000
Panoramic views
Andalusia
Type: Single Family Home
Location: La Quinta, Andalusia, 81460 Carboneras
Price: $1,365,000
Peaceful interior
The Quarry
Type: Single Family Home
Location: La Quinta, The Quarry, 79620 Tom Fazio Ln
Price: $1,495,000
Stone accents inside and out
The Estancias
Type: Single Family Home
Location: La Quinta, The Estancias, 79420 Briarwood
Price: $1,799,000
On Clive Clark golf course
The Hideaway
Type: Single Family Home
Location: La Quinta, The Hideaway, 80597 Via Savona
Price: $1,850,000
Enjoy the view from the top
The Tradition
Type: Single Family Home
Location: La Quinta, The Tradition, 78210 Pinnacle
Price: $1,975,000
Secluded with beautiful views
The Enclave
Type: Single Family Home
Location: La Quinta, The Enclave, 77201 Calle Flora
Price: $2,299,000
--------------------------------------------------------------------------------
Don't worry about timing the market in real estate.
It's about the time IN the market that will matter for you.
--------------------------------------------------------------------------------
Barry Lotz, J.D.,Ph.D.
Rothman Realty
Phone: 760.574.7676
Toll Free: 1.866.525.BUYHOMES (1.866.525.2894)
Email: barry@luxurydeserthomes.com
Website: www.LuxuryDesertHomes.com
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