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Home Buying in La Quinta : Real Estate Advice

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  • Home Buying42
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Activity 62
Tue Dec 13, 2016
Sdsearay answered:
Most articles regarding the real estate market state that the housing market has recovered. However, my 55 + community always has more homes for sale then the surrounding areas. This supply/demand ratio has been true since we moved here 9 years ago. Some of the reasons were the market down turn and most recently the Canadian dollar exchange rate. It seems supply is always higher then demand. Plus, we have 1 agent (who lives in the community) who lists 99% of the homes in the community. This agent, of course, uses his own listings as a comparable when suggesting sale prices I believe that is a major reason the prices in our community have stagnated.

It is frustrating when you cannot even get the price you paid for a new home 10 years ago. I don't think I'll ever buy another home in a 55+ community.
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Fri Jul 22, 2016
Wendy Campbell answered:
Donna,

As a realtor in a largely second home market, where sellers often offer there homes turnkey furnished, most of my sellers include the furniture at zero value, for loan purposes and/or tax purposes. The reason for that is that they usually don't need the furniture since their primary home is elseswhere. It would cost them more time and trouble and even expenses to deal with selling the furniture or moving it out, so they just keep the furniture there at the second home for staging purposes and offer it for free, in order to make the sale of their property more attractive to prospective buyers.

That being said, some sellers like to have a set amount needed to purchase the furnishings and art outside of the purchase agreement, in a separate addendum, which can also be paid through escrow, because it lowers their tax on the transaction, and it can lessen the property taxes for the buyers due to the fact that property taxes are based on the sales price of the home.

In general, though, most sellers just throw in the furniture for free. That way buyers can move in and change out furniture as they wish when they move in.

Hope this helps!

Wendy Campbell
Realtor for desert cities, from Palm Springs to Indio!
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Tue Mar 8, 2016
Karen Peyton answered:
Do not send anything!
As a new agent you must have a broker to conduct real estate activity!
Without an employing broker to supervise your efforts, you will break the law!

First a broker...then your client! ... more
0 votes 1 answer Share Flag
Mon Dec 28, 2015
Amanda Monroe asked:
Hi Trulia,
I have received 3 emails in the last 10 days that the property listed at 52560 Avenida Herrera La Quinta, CA 92253 has a price reduction from $289,900 to $277,900 yet every…
0 votes 0 Answers Share Flag
Tue Nov 10, 2015
Diana Hellman answered:
Your best bet is to google established real estate agencies in this area. They should be helpful in directing you to properties and cultural and other buyer information on the net. In addition, they may have in house information. it should be constructive to start a dialogue with one or more agencies. You can also look at agent bios on those sites. ... more
0 votes 1 answer Share Flag
Mon Aug 10, 2015
Alexander Greer answered:
Yes, you can sell it with a septic tank.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Wed Jul 22, 2015
Carol-Lynne Mittelbusher answered:
That's a strange one, but I am aware of one such situation. Much would depend on the precise circumstances. Are you talking about trying to force the buyers' agent to accept lower-than-contract commission, or something more like asking the agent to put money into the deal to cover part of the repairs? ... more
0 votes 5 answers Share Flag
Mon May 11, 2015
John K. Miller answered:
Sun Apr 26, 2015
The John Jay Group answered:
A short sale transaction can be VERY Grey, rather than Black & White. You can certainly ask/try until you are comfortable with the outcome.
0 votes 18 answers Share Flag
Sat Feb 28, 2015
John K. Miller answered:
Were you successful in getting your fireplace installed in Trilogy? I have had several clients have them installed in Trilogy.
0 votes 6 answers Share Flag
Sat Feb 28, 2015
John K. Miller answered:
I got my license online with Allied Real Estate and have been working with Windermere Real Estate in La Quinta and they are a great company to work for.
0 votes 17 answers Share Flag
Sat Feb 28, 2015
John K. Miller answered:
Getting lots of buyers through our open houses every weekend!
0 votes 4 answers Share Flag
Thu Feb 5, 2015
Cindy Davis answered:
It really depends on what the hoa increase is for and how the hoa rates compare with others in your neighborhood. I see it become a problem with hoa fees are significantly higher in one complex than similar properties nearby. ... more
0 votes 1 answer Share Flag
Wed Dec 10, 2014
The John Jay Group answered:
Consumers want 3 things from their real estate broker: Area knowledge (expert) in the area, Stellar negotiating skill and excellent communication with frank feedback.
0 votes 7 answers Share Flag
Sat Nov 1, 2014
Don Tepper answered:
House "flipping" is still very popular in the general Washington D.C. area.

The investors who buy and hold do so more because that's their strategy, their business model. The ones who are doing it have been doing it for years. Perhaps there's a bit more of a strategy to flip 5 or 6, then use the profits from the flip to buy a buy-and-hold for cash. They'll keep doing flips, but eventually the cash flow from the buy-and-holds will be sufficient for whatever their goals are.

Hope that helps.
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0 votes 3 answers Share Flag
Wed Sep 10, 2014
Javier Montiel answered:
Get in contact with a local realtor that will be able to provide a Comparative Market Analysis of your home.
0 votes 5 answers Share Flag
Fri Aug 8, 2014
Dustie Zvolanek answered:
Hello!

I have worked with several investors that previously invested in CA but have discovered they can get more for their money with rental homes in Memphis, TN. You can buy nice homes for around $100k and rent for around $1250+ a month. There are several different ways you can structure this. Please give me a call or email for more information. Thanks!!

Dustie Zvolanek
Fast Track Realty
901-767-8770
dustie.zvolanek@gmail.com
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0 votes 2 answers Share Flag
Mon Mar 10, 2014
Nick Balsamo answered:
I have a property listed in Toscana Country Club. My seller would be interested in carrying the loan. Please email me directly at DesertHomeSource@msn.com. I would like to get some additional information. ... more
0 votes 3 answers Share Flag
Tue Feb 25, 2014
Natalie Sjaardema answered:
I am not aware of any studies of this kind. There is feedback on Air B&B both by guests and owners that might be of assistance. Wish I could help more!
0 votes 1 answer Share Flag
Fri Dec 6, 2013
De Pardue answered:
Gary:

I just closed a transaction almost exactly like this in June 2013. Most likely the kids have no interest because they have nothing to gain. Certainly it's hard to expect anyone to be enthusiastic about paying their own money to file a Probate action in order to sell an asset that is worthless to them. My solution centered in overcoming those two obstacles and... doing so economically enough that we could enroll the heirs help at no cost to them. Technical but successful. On that transaction I was Co Listing Broker for another very successful real estate broker who was himself an heir to the estate. Happy to share more of my solution if you have any interest ... Please feel free to mail or call me.

De Pardue
De@Pardue.co
760.836-1400
... more
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