What you look for when buying a Palm Springs Area Home and who you choose to work with makes all the difference in the world on how the process will work for you. WHEN YOU VISIT PALM SPRINGS, BE A PART OF OUR ACTIVE OUTDOOR LIFESTYLE. Palm Springs is all about the Neighborhoods. But isn't that the way in many cities you ask? Yes of course but here in Palm Springs, we have a few other things to consider too. Many of our neighborhoods reflect varying forms of Palm Springs Style and … [Read more...]
Energy Efficiency Features of Homes – What Buyers Tell Us They Want
Energy Efficiency Features of Homes – What Buyers Tell Us They Want By Arun Barman, Research Economist Home buyers look at a number of characteristics of the properties when they are searching for a home to purchase. In addition to traits like size, the number of bedrooms and bathrooms, and convenience to schools, shopping or other amenities, commuting costs, energy expenses and environmental efficiency and concerns have increasingly factored into the homebuying decision. This month we look at … [Read more...]
Mortgage In Trouble? Relief is on the way!
Homeowners who are underwater with their mortgage may find that relief is on the way from a bill strongly supported by the National Association of Realtors® that would impose a deadline on lenders to respond to short-sale requests. The legislation, H.R. 6133: “Prompt Decision for Qualification of Short Sale Act of 2010,” was offered yesterday in Congress by U.S. Reps. Robert Andrews (D-N.J.) and Tom Rooney (R-Fla.). The bill would require lenders to respond to consumer short sale … [Read more...]
Real Estate Sales In Palm Springs
RISMEDIA said on January 18, 2011—"Housing will see gradual improvements in activity this year as the nation’s economy and job market continue to move to higher ground, establishing momentum that will produce more considerable gains in 2012......." And there you have an estimation of where we're heading this year when it comes to buying Real Estate in Palm Springs. This market is still hot with many bargains to be had in all categories of housing types and sale types meaning Short-Sales, … [Read more...]
Timeline in a NEW Short Sale Transaction
Timeline in a NEW Short Sale Transaction Usually when a new short sale property comes on the market, it is done as an offering from the current homeowner through a Realtor. The bank has normally not yet been notified and so at this point, if all goes well, it will be 2 to 4 months before it will close. The steps are fairly drawn out but in short, here they are: 1. The seller (home owner) must first qualify for a short sale. In other words, the seller must prove to the bank they … [Read more...]
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