buying in la quinta: Flipping houses..Why not??
- 04/08/10 12:59 AM
Flipping. Buying a property for one price and turning it for a profit in a very short amount of time for a greater sales price. That's my own definition and we see plenty of this going on in La Quinta and the Coachella Valley where the devastation of housing prices of the past 3 years has been insane.I am not adverse to investors flipping properties. Whether an investor is a handy man trying to fix and flip, a young couple trying to make some fast cash, a single person trying their hand at real estate investing, or a LLC formed by … (1 comments)
buying in la quinta: Buyers are Buying from actual Sellers? What???
- 04/06/10 12:57 PM
Buyers are Buying from actual Sellers? What??? Yes, it's true. There is a definate change in the La Quinta real estate market. Sellers are actually getting offers that are "in the ball park", not ridiculously low. Partly because Sellers in the La Quinta area now have enough comparables to get a really good feel for what to price at..if they listen to their Realtors. The La Quinta area was hit very hard with the huge reductions in home values driven by the over-extension of loans, and over-building of homes all within a few miles of each other. The newer developments came … (3 comments)
buying in la quinta: Golf Course Communities are really struggling
- 01/19/10 02:30 AM
Golf Course Communities are really struggling..and the Coachella Valley has approximately 120 courses! What does this mean for us? Some courses will shut down. Permanently perhaps, but temporarily for sure. Members may end up owning the courses and maintaining them with their own monies. When the courses are resurrected, perhaps they will convert to "green" courses and tear out unnecessary grass and high water useage foliage and install drip water systems and desertscape. Buying on Golf Courses: Check out the HOA reserves and the financials of maintaing the course..look back several years! Do your homework! Prices for golf course properties have … (2 comments)
buying in la quinta: Desert Home Sales Numbers Up; Prices Down
- 12/30/09 02:04 AM
Desert Home Sales Numbers Up; Prices Down..This article from the Business section of the Desert Sun stresses again that although actual number of home sales continue to rise, the prices continue to drop...http://tinyurl.com/ydylsmk The thing is once again that when we read reports about "prices continue to drop", remember the following: Location! Yes, it is ALWAYS a factor in price/sf. Very Recent Comparables: If those price/sf SOLDS have held for 12 months or so..you are seeing the bottom and there are buyers waiting to purchase in that particular price point in that particular development. The slides in prices for mid to high … (0 comments)
buying in la quinta: Buying a Home; Are We at the Bottom Yet?????
- 09/28/09 01:48 AM
Buying a Home; Are We at the Bottom Yet???? Do I wish I had the definitive answer to that! I'd be a gazillionaire by now. However, I can say with certainty that when the development you desire has the home you want, in the area of town you dream of AND the price/sf has remained about the same for the past 10 to 12 months or so..YES, Buying a Home under these conditions is a very safe bet.I have found the pattern for my Buyers, (Price range doesn't seem to matter here, ) to be the following: Buyers are very educated; they know … (2 comments)
Flipping. Buying a property for one price and turning it for a profit in a very short amount of time for a greater sales price. That's my own definition and we see plenty of this going on in La Quinta and the Coachella Valley where the devastation of housing prices of the past 3 years has been insane.I am not adverse to investors flipping properties. Whether an investor is a handy man trying to fix and flip, a young couple trying to make some fast cash, a single person trying their hand at real estate investing, or a LLC formed by … (1 comments)
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