Opportunities will always exist. However most professionals believe that the window of opportunity that currently exists may be short lived. This is primarily because lenders are not extending credit like they did in the past. They are being very prudent and as a result the chances of consumers defaulting on loans will be greatly minimized. I believe we will not see this abundance of distressed properties for a long time.
My advice is that location, location, location is still important in real estate and it is worth paying more for a prime location. Not all bargains are good deals.
There are tremendouse deals to take advantage of in the Palm Springs area where prices have fallen 30-70 percent since the height of the market. Do not let this opportunity pass you by, but be careful too.
Being informed is more than finding the right property. Using the services of a top notch real estate broker can help you before during and after the sale to be informed and make good decisions. too.
I am available for tours, questions, and information with no obligation. Feel free to call, text, or email.
Lori Bowers #01293735
Intero Real Estate Services
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
Good advice, here...time to act is definitely now.