la quinta ca homes for sale: Do a reality check before retiring
- 04/21/11 06:02 AM
Are you thinking about retirement? If so, it is important that you review your finances and develop a retirement strategy.....and perform a reality check on your retirement resources and expectations. Here are some helpful tips: Create a retirement budget. Take a look at your current expenses and add or subtract items that you expect to be different when you retire. Don't forget to include things like health insurance premiums and other fringe benefits currently provided by your employer and factor in how these costs might change. Estimate your retirement income. Keep in mind your life expectancy given the age you decide to retire and and the financial resources that will … (3 comments)
la quinta ca homes for sale: Home buyers and sellers real estate tips ~ appraisals
- 10/29/10 12:13 PM
Many home buyers and home sellers don't understand how the appraisal process works, or how the hundreds of dollars they're charged for an appraisal are being allocated. Here's a quick overview: In most cases, the appraisal fee isn't just going to the person who does the actual appraisal. It gets split up and sometimes your lender is getting a sizable chunk of the action. An estimated two-thirds of all home appraisals are produced by appraisal management companies, some of them owned in whole or part by big banks. While the overall appraisal fees have not come down, the amount being paid directly to the appraiser has slashed … (5 comments)
la quinta ca homes for sale: Is buying a home better than renting?
- 09/16/10 03:12 PM
I get asked this question quite a lot these days.... Is buying a home better than renting? I have heard lots of pros and cons on this subject, so... here is my two cents worth... Granted, owning a home might never create the opportunities that some have had in the past, prior to the housing meltdown (which for many turned out to be "wealth on paper only", however, assuming you plan to live in the home for at least 5 years and are secure in your job, and other external factors are not an issue, then now may very well be the … (3 comments)
la quinta ca homes for sale: Where Are Home Prices Going?
- 08/22/10 05:47 AM
Interesting blog on the housing market by The Housing Guru. Politics aside, I think it does address the long term housing situation we are facing, even here in the beautifulLa Quinta CA housing market. While there are always exceptions, the majority of sales right now are price driven where sellers have lowered their price to compete with bank owned (ROE's) and short sales, however have the "advantage" of being in better condition, furnished, better views, and not a bank owned or short sale. Buyers are also having difficulty with loans (and appraisals) and are taking longer to decide. Time is on their side, however my … (2 comments)
The prices have dropped over the past 3 years form 30% - 70%. The interest rates are the lowest in 40 years. Why is the market not recovering? 1. Labor market -We need job growth. 2. Household formation - Unemployed workers have to move in with family and friends. Until the jobs confidence returns, the market will not have enough demand to support a sustainable recovery. New jobs are predicted at a modest rate - 800,000 additional jobs are added this … (0 comments)
la quinta ca homes for sale: The housing market is crazy! (Crazy Good! I think!!)
- 08/08/10 11:42 AM
I have been blogging lately about mixed signals, mis-information (whether intentional or not) particularly from national franchise brokerages trying to paint a rosy picture inside a muddy landscape, and buyers and sellers being VERY CONFUSED about the state of housing market. Is it getting better, or getting worse? Or staying the same?
Buyers and sellers are not the only ones confused.... many real estate agents, including myself, are equally confused. Just when you convince a client to lower their listing price, a similar home down the street sells for a higher price (which of course makes you feel like an IDIOT, having just done an exhausting study of "comps"). Then a week later, a similar … (6 comments)
Just received a Riverside County "Market Update" from Prudential Realty titled, "Home Sales Rebound As More California Communities Report Rising Sales Volume & Prices", supported by statistics. Statistics, even from a reliable source such as NAR, can be manipulated. For example, if the La Quinta CA local housing market is not looking "positive" for the last quarter... then use a larger sample, say all of Riverside County. If that doesn't work, use all of Southern California. Eventually you will find a way to present "reliable statistical support" … (1 comments)
la quinta ca homes for sale: Has the housing market finally bottomed out? Or not? Inquiring minds want to know.
- 08/02/10 12:56 PM
So has the real estate market finally reached bottom? Or not? Inquiring minds want to know (and so do buyers and sellers I work with!!) It seems like whenever I read an article in the local paper about about the housing market improving, I read something the very next day that says the exact opposite. The other day, our local paper had an article talking about how the average selling price of homes sold (here in the Coachella Valley) have increased compared to a year ago. And of course, as luck would have it, this was just after I had had a discussion with a listing client about dropping the price further (based on … (3 comments)
la quinta ca homes for sale: PGA West Legends - Beautiful REO back on the market
- 03/02/10 09:37 AM
For those of you interested in homes for sale at PGA West, La Quinta CA, a beautiful bank owned, REO listing just came back on the market today priced at $740,000 ($196.65 / sq. ft.). 3,763 sq. ft., 3 beds, 3.5 baths. Legends Way is a beautiful street inside the Legends Gate at PGA West. This is a beautiful home at a fantastic price. Please email or call for futher details. Thanks.
HOME BUYERS: Search La Quinta area MLS HERE HOME SELLERS: My Listings … (0 comments)
la quinta ca homes for sale: 1031 Exchange - don't overlook depreciation recapture
- 03/02/10 07:14 AM
The Surprise Tax Investors contemplating a 1031 exchange are usually focused on the capital gains which are taxed at 15%. However, they often overlook "recaptured depreciation" which is taxed at 25%. As this tax is based on the total of all the depreciation taken over the years, it can in many cases, particularly with lower gains in today's market, more than offset the capital tax benefit, if not structured correctly. For example, a house purchased in 2000 for $100,000 is sold for $120,000. After closing costs, the capital gains are only $4,000. At 15% Federal Tax Rate (ignoring State Taxes), this would only be $600 in taxes. However, the recaptured depreciation … (0 comments)
e-PRO REALTOR Larry Hansen, CPA and Broker / Owner of Calif Desert Realty resides at PGA WEST in La Quinta, CA and specializes in gated and golf communites in La Quinta PGA West and surrounding areas. Visit his website at www.CalifDesertRealty.om and his La Quinta, CA neighborhood listings at www.Point2Homes.com
Are you thinking about retirement? If so, it is important that you review your finances and develop a retirement strategy.....and perform a reality check on your retirement resources and expectations. Here are some helpful tips:
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