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La Quinta : Real Estate Advice

  • All134
  • Local Info4
  • Home Buying42
  • Home Selling6
  • Market Conditions13

Activity 113
Wed Mar 1, 2017
Ken asked:
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.
... more
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Wed Aug 17, 2016
answered:
1 vote 2 answers Share Flag
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!
... more
0 votes 7 answers Share Flag
Tue Jun 7, 2016
Rich Reed answered:
Still trying to figure out some way to sabotage your escrow? You should probably read this article: http://homeguides.sfgate.com/still-sell-house-after-accepting-offer-57431.html
And get an attorney! ... more
0 votes 3 answers Share Flag
Tue Mar 22, 2016
Desertgem4u answered:
hey caddie you threatend to "point me in the right direction"...what happend?
0 votes 1 answer Share Flag
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
... more
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
Tue Jun 9, 2015
Klaxon87988 answered:
The cove is a unique entity in and of itself. It is primarily single family homes, however there are apartments at what we refer to as the "bottom" or lower part of the cove. This causes there to be a different type of resident living there, as they are not fancy apartments, if you catch my drift. The top of the cove is completely different. That is why homes at the top of the cove are typically more expensive.
Everyone watches out for each other, and we have a number of law enforcement, or former law enforcement folks living there.
... more
0 votes 3 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
Sun Apr 26, 2015
The John Jay Group answered:
Appraiser's are being very conservative and some are using recorded sale from the County Recorder's Office rather than comps from the MLS.
0 votes 6 answers Share Flag
Fri Mar 13, 2015
Sharilevy asked:
I forgot my password and have requested a new one 3 times. The new passwords do not work. Please help
0 votes 0 Answers Share Flag
Fri Mar 6, 2015
Arpad Racz answered:
Hi Arris,

In many areas of the Silicon Valley we are seeing lots of offers and overbidding is common.

Kind regards,

Arpad
0 votes 6 answers Share Flag
Sun Mar 1, 2015
John K. Miller answered:
Traffic was sloe and has finally picked up as we come into our prime selling months.
0 votes 3 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
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