La Quinta California Real Estate

Short Sale does not equal Fire Sale

I have had so many clients come to me and say they are ready to buy "Short sales" and have cash to back it up.  After finding the properties, we sit down to draw up an offer and I amazed at what many people believe is a good offer.  They do not want to lowball and negotiate, they want a fire sale. 

I think in this market there are so many misconceptions about short sales and bank owned.  The general public believes this is an absolute Fire Sale and any offer will get them a deal of a lifetime.  After several calls and potential clients I am finding it is best to "coach" clients about Short Sales before finding properties.  It is important that buyers understand, we can only bring fair and reasonable offers to the bank, that there will most likely be several offers on a property and that Short Sale does not equal Fire Sale.

Do you explain the process to your clients before you go out and show property? 

 LORI BOWERS

http://www.desertareahousingmarket.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78065 Main St., Suite 107

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

4 comments • The Lori Bowers Group • December 04 2009 03:45PM

10 things buyers want to know about a house

Here is what we need to tell buyers verbally, in email, on the phone- whatever the means of communication. This is what they want to know.
1. Location and neighborhood
2. Price or price range
3. Appearance ( pictures tell it all)
4. Layout or floor plan
5. Total number of rooms
6. Number of bedrooms and bathrooms
7. Size of lot and square footage of house
8. Details about community
9. Amenities and features
10.Clear and simple contact information. Avoid mulitple phone numbers and email addresses

 LORI BOWERS

http://www.desertareahousingmarket.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78065 Main St., Suite 107

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

1 comment • The Lori Bowers Group • November 16 2009 10:04AM

10 structural red flags

1. Foundation cracks- ridges or lateral movement indicate a change in surface
2. Load-bearing walls removed- signs can be saggy ceilings, ceilings or walls cracked, and floors that become spongy
3. Faulty or insufficient wiring - hard to tell- exposed wires is one sign
4. Water, water everywhere- you smell water and the home has been recently painted in only certain areas
5. Leaky roofs - stains within a home may indicate an issue. Buyers should ask how an issue was fixed, who fixed it and when.
6. Ineffective windows - cannot be opened, fogged, or cracked
7. Damp facades
8. Pesky pests- examples- termites, carpenter ants, and crickets
9. Sagging wood floors- a marble that rolls is the quickest test
10. Rot - quickest check is wood that touches dirt
Home inspectors, of course, are the key to knowing the facts of the home, but this will give you and the buyers a good overview to start your investigation.

 LORI BOWERS

http://www.desertareahousingmarket.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78065 Main St., Suite 107

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

5 comments • The Lori Bowers Group • November 13 2009 10:22AM