Beyond La Quinta Real Estate
Call me and I will answer your call: (760) 774-6063.
Email: Nancy Javitch
If you are interested in La Quinta Real Estate, you have come to the right place. Buying a home is the single largest purchase most people make in a lifetime. It is very important therefore that you make the right decision regarding your La Quinta Real Estate. Whether you are buying or selling a property you need to be aware of certain guidelines. I have taken the time to go over the buying and selling process for you so that it will not come as a surprise.
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Still wondering if it's a buyer's market? Here at Beyond La Quinta Real Estate we know it is and we feel it's a great time to buy.
Buyer's Market getting stronger in 2009
The economy is in turmoil. Everyone is wondering when it is going to turn around. We are all changing the way in which we live. I work with all types of buyers. Some are relocating, some want a vacation home. Some want to invest in La Quinta Real Estate. All have the same concerns whether they are buying multimillion dollar homes or a $150,000 condo. Is this the right time to buy? What will happen to my investment? When will we hit bottom? All are good questions. All have legitimate concerns.
No one can predict when we will hit bottom. Of course, until the prices start going back up, we will not know. Then, it is too late to take advantage of this once in a lifetime chance to purchase La Quinta Real Estate. What happens if I buy now and the prices continue to fall?? With record low interest rates, if the prices go down but interest rates go back up, it’s a wash. So, when you find that ideal home, why wait? There is no time like the present to start living the desert lifestyle to the fullest. If you are buying a home and want to make a profit in a year, I will tell you that now is not the time to buy. But, if you are buying a home to enjoy for years to come, then, buy, buy, buy. The market will come back. We are still not as bad as during the Great Depression and looked what happened since then. This too shall pass.
On to the subject of foreclosures and short sales … The majority of the sales I made last year were either short sales or foreclosures. Believe it or not there are forclosures even in the La Quinta Real Estate market. Unless a seller is realistic, there are so many properties to choose from that are under stress, their home will not sell in this market. I hear so many times a seller will say, “I am not in the same situation as a foreclosure, therefore, those comparables are not legitimate.” Oh, but yes they are. It just means that seller does not NEED to sell. But, if they WANT to sell, they have to be able to compete with the foreclosures. There is just too much to see, the buyer can get confused or want perfection before deciding to write an offer. So, the competition to sell is fierce.
Confused about short sales vs. foreclosures? Simple. A foreclosure is already owned by the bank, taking it back from an owner that could no longer make the payments. A short sale is when the existing owner owes more money on the mortgage than the home is worth. They cannot sell it for enough money to cover their mortgage. They can no longer afford the payments. Maybe their adjustable rate mortgage kicked in and their payments are now too high. Some banks are now working with the owners to lower their payments. For the ones that still cannot keep the home, they tell the bank that it will go into foreclosure if they cannot get rid of the home. The bank then tells them to put it up for sale for whatever the market will bear and the bank will generally accept what they can get and take a loss on the mortgage. Ultimately, the bank saves money in the end, saving the cost of foreclosing on a homeowner and having to maintain yet another property. Either way, I can walk you through the process and while you generally have to be much more patient than a normal transaction, once you open escrow, it works just like any other sale. It can take the bank weeks or even months to process the sale before even opening escrow. I have to say that the process has improved dramatically, but one has to hope the listing agent is well versed in the process or it can be difficult. I still say that it is a great time to buy La Quinta real estate. There has never been an opportunity in my lifetime, to purchase a home in Southern California, like this one. Call me today and we can discuss your needs and I will find you the home of your dreams.
MARKET TRENDS FOR THE SECOND HALF of 2008
The middle segment of the market, from $500,000 to $1,000,000 powered prices lower in December. This segment of the market accounted for 34.6% of all sales last month: a record number. The median price for single-family, re-sale homes rose 9.6% from November, and was up 10.5% year-over-year. Home sales in the Valley were down 1.7 from October, and were off 28.6% year-over-year. Condo sales rose 10.4%, month-over-month, and were down 13.7% year-over-year. The median price for condos gained 9.2% to $355,000, down 3.4% year-over-year. All this data tells us that we are still in the middle of a buyers market. Consumers know that we have not reached a bottom of the real estate market yet, so buyers are still in great demand.
So what you need to find your dream home in La Quinta is a REALTOR that listens to your needs.
You need an Agent that cares about protecting the largest investment that you will likely be making in your lifetime. You need an Agent to find the real estate in La Quinta that fits your needs. Whether you want to be on a golf course or have horse property, my team can work for you. I have a support staff that makes sure that all your needs are a top priority. Nothing slips through the cracks from start to finish. Maybe you are thinking, “Why do I need a REAL ESTATE AGENT at all. Certainly I can look for property myself.” Yes, you can. BUT, there are so many gated communities here and most golf communities have guards where you will not be permitted to enter without an Agent. Why limit yourself to open houses or driving around La Quinta looking at real estate without access to all the La Quinta Real Estate that is available to you? I ask the right questions, listen to your needs, and get your criteria, all in an effort to save you the time looking at homes that many Agents will show you just to try to sway you in a certain direction. Maybe it is their own listing. Perhaps there are commission concerns that outweigh your needs. I will only show you my own listings IF THEY FIT YOUR NEEDS. In many cases, it is best to have an Agent represent a buyer that is NOT representing the seller. I have had clients come to me after a disaster where the listing agent had the buyer paying for items that the seller normally pays, but the buyer did not understand the process. Are you aware of all the disclosures that a seller is require to produce? If not, then, you may purchase a home that has had some issues not disclosed to you. My job as a Real Estate Professional in La Quinta is to prevent problems from arising, keeping your deposit protected, particularly if you decide that the house is not right for you after having an inspection. Are you aware of the entire process? Certainly, many of you have purchased several homes over the years. But have you purchased a home in California? Are you aware that California tax code says that you must pay 3 1/3% withholding tax if you do not qualify for one of the exemptions? You need a REALTOR that you can trust. A REALTOR that gives you 110%, focusing on what you want. I am that realtor and I am here for you. That is what I do as a La Quinta Real Estate Professional.
Contact details: Nancy Javitch, La Quinta Real Estate Specialist, cell: (760) 774-6063
Office: (760) 777-8870,Southern Hills Real Estate,
78-150 Calle Tampico Suite 101, La Quinta, CA 92253
Email: Nancy Javitch, web: Beyond La Quinta Real Estate
