A vast majority of the condos in Mission Hills are on Lease Land, however there are several different segments of the community that are actually on fee simple. Suffice to say, if you are looking at options in the community that are less than $300,000 then there is a good chance that they are on lease land. The fee simple options in this community tend to demand a higher price and offer something very different from the lower priced condos. Ultimately, which options appeals to you the most will have a lot to do with how much money you can dedicate for carrying costs.... more
All Realtors have access to the MLS which, in turn, lists most bank-owned homes. So, to oversimplify a bit: Yes, Realtors do have current listings of bank-owned homes.
Are they reluctant to provide the list? Not that I know of.
Are they reluctant to show the homes? That's a slightly tougher question. Reluctant may not be the right word. Some agents know that there's often more hassle involved in transactions involving REOs. And they know that sometimes the banks pay reduced commissions. So: More work for less compensation. Let's say some agents aren't too enthusiastic about showing them.
However, a buyer's agent represents the buyer. And the Code of Ethics contains various guidelines on how the agent will represent his/her client. So any Realtor should not only be willing to show any home the client wishes to see, but to fully assist that client if he/she wishes to make an offer on the property.
And, frankly, there are many Realtors who focus on foreclosures and have no reluctance or hesitation at all. So if you've talked to an agent or two and gotten the feeling that they're not going to commit 100% to representing you, keep searching until you find an agent who will represent you. It shouldn't be difficult.
Hope that helps.... more
I have a client who is considering leasing his 3 Bedroom condo for 2000 furnished or unfurnished. Fabulous golf course view, recently upgraded , please call me for more information 760 202 8585
Coldwell Banker... more
You might want to check out Royal Bank of Canada. They have a loan program for buying in the US. The amount of down paiment has been changing a lot lately and not sure if they are still under 30%. Please let me know If you need help buying property down here.
Ralph W Haverkate, Broker associate Tarbell,Realtors Palm Desert
Ralph@Rhaverkate.com 760-902-0512... more
I own investment property in the Desert and it all depends in what area the condo is located. Is it in a country club community? Is it on fee or leased land? What are the HOA dues? Rancho Mirage is a great community...there is a lot of inventory on the market....making it a great time to by.
I see ouare from Canada.....are you considering buying for use "in season" only?... more