Harold Watts

Bill, I wish I had a crystal ball to know what is going to happen the Real Estate market. We all could make a fortune. Indian Wells Country Club has held onto its value this past year. The first link is for a CMA of Indian Wells Country Club Sales from 1/20/07 to July 18, 2007.

http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME…

The information shows that the median price of homes sold was 1,648,636, $467.09 per square ft., and homes were on the market for 138 days.

The second link is for the same CMA for homes sold for this year: 1/20/08 to the present:

http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME…

The values have held steady: the average price of a home sold at the Indian Wells Country Club went up $1,732,071, the price per square foot went down to $465.69, and the average time on the market was 166 days.

The information provided were for homes that were built from the year 2000 to the present. Based on the numbers, the home prices are holding just fine at the Indian Wells Country Club. If you find the home of your dreams, buy it now.

If you have any further questions, please let me know.

Have a great day!!! - Fri Jul 18 2008, 12:46

All I would need is an address, and I can do a complete search of the property. You need a buyer's agent looking out for your best interest, because the listing agent's fiduciary duty is to the bank (the seller), not you. If you have further questions, please let me know. - Tue May 20 2008, 21:57

Jo,

Out of the 40 real estated owned (REO) homes listed for sale in La Quinta through the Desert Area MLS, only 2 were owned by Fannie Mae. To see the homes, click on the link or cut & paste info into your browser:

http://desertareamls.rapmls.com/scripts/mgrqispi.dll?APPNAME…

Both of the homes qualify for Express Path Financing through Fannie Mae. You usually can get some of your costs & downpayment lowered. In order to qualify, the said property must be used as a primary residence, not an investment property.

If you would like more information on these homes, feel free to call me at 760-218-8209. Good luck!! - Mon May 12 2008, 15:17

Boyz,

You stated that you had several escrows on your home. What was the reason they fell out? Was it due to buyer financing issues or appraisal issues?

This should give you the answers you are looking for. Every time you get another offer, it will usually be lower than the last one. Given the current market conditions, the prices in many neighborhoods continue to go down. Every seller I have encountered has "the best house in town" and wants to price their home at the level to recoup their costs they put into it.

In order to get your home sold, it must priced to reflect the current market trends of your neighborhood. Your home has been on the market for 90 days and you have had several offers, I would say you and your agent priced your home well.

I would be very cautious of agents you have interviewed who are telling you to price your home higher to reflect the PREMIER finishes of your home. Many agents will tell prospective clients what they want to hear in order to secure a listing. If you price your home higher than it is currently listed, it will get overlooked by Realtors as well as prospective buyers who seen your home in person or on the Internet.

I know it can be very frustrating when things don't go the way we want them to. Work with your agent on the next offer that comes in, and make sure you look at it non-emotionally. Real estate is about negotiations, and coming up with the best solution that works for everyone. The sooner you get your home sold, the sooner you will be in NYC. I would only get another agent if they weren't doing their job, and not bringing you offers.

Have a great day!! - Wed May 7 2008, 10:25

Vicki,

There are several complexes in town that may have what you are looking for. Besides Sunrise Palms, you should also look at the Palm Springs Country Club, there is a 1 bedroom currently for sale with an enclosed patio area. Another place you might want to look is the Riviera Gardens. There are some ground level units that have enclosed patio areas. The Desert Holly complex is also a good choice. These are Mid-Century in design, 1 bedroom, and enclosed patios with high walls. I also know have a small complex in the south end of Palm Springs, the condos are 1 bedroom, being offered furnished, enclosed patios, and being offered below 200k.

As you can see, you have many options available to you. If I can be of any assistance to you, please let me know. Have a great day!! - Sun Apr 27 2008, 15:41