What’s As Good As Gold?

By Nancy Hankin
PalmSpringsHomesandEstates.com

Palm Springs Home PurchaseAccording to the Inside Mortgage Finance Housing Pulse Tracking Survey CASH is truly as good as Gold when you are buying a home. All-cash purchases are on the rise!

Often times, at least in the past, investors were the ones who used CASH to buy property, especially during bidding wars. In March, more than 25% of the homeowners used CASH as well. That was up from the 12-month low of 22.8% seen in August. Homeowners didn’t want the investors to have all the fun. Leveraging bets works both ways in bidding wars!

Besides making your offer stronger, CASH purchases all help to speed up the delays in the closing process. In March, 30% of the financed homes with 20% down, suffered delays. These were mostly due to underwriting and documentation, according to real estate agents. It is not uncommon for underwriting to ask for documentation one piece at a time. Just when you think you’ve supplied the lender with all paperwork they have asked for, underwriting asks for more. It’s not uncommon to have Palm Springs Real Estateunderwriting ask for these requests up to the day you are scheduled to fund. OUCH

So the next time you want to close on time and not get involved in a bidding war…..write an ALL CASH OFFER. You can always re-finance after the home closes and save yourself a lot of headaches.

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Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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Posted in Home Buyers, Home Sellers, Home Tip and Advice, Mortgage Information, Palm Springs, Palm Springs Area Real Estate, Rancho Mirage, Real Estate Market | Tagged , , | Leave a comment

LATEST REAL ESTATE NEWS & UPDATES

By Nancy Hankin
http://PalmSpringsHomesandEstates.com  

Palm Springs Real Estate NewsDo you spend a lot of time searching the Internet for real estate related news?

Like many folks, you might be interested in knowing more about what types of loans are available today and what advantage or disadvantage it would be to pay off the loan on your house.

Or you might be looking for some great remodeling tips and how updating your home can add additional value to your home. What are the best areas in a home to remodel? Will updating your kitchen, bathroom, or landscaping be a sound investment?

If your neighbor defaults on paying their HOA fees, who is responsible for paying the deficit?

Is getting a Home Warranty policy a good idea? What does it cover and should your Air Conditioner fail and be too old to fix, what home warranty policies will replace it with a new one?

Each day you can click on this link, then BOOKMARK it, and you will have the latest real estate news at your fingertips! The news changes each day, so it’s a good idea to check back on a regular basis to see “what’s new.”

Palm Springs Real Estate NewsI was one of the first agents in the nation to have my own website. I’ve had one since 1995 and I strive to include information that will be helpful to YOU.

I sincerely hope you will take a moment to check out the Latest News and Updates as it relates to real estate. I’m always open to suggestions on how I can improve my website to add features that will benefit my clients. Just pick up the phone and give me a call. I’m here to help any way I can.

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Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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Posted in Helpful Tips, Home Buyers, Home Sellers, Home Tip and Advice, Mortgage Information, Palm Springs Area Real Estate, Real Estate Market, Real Estate News | Tagged , , | Leave a comment

Ladder Safety Rules

By Nancy Hankin

Ladder Safety RulesAre you aware that falling is the number one cause of home injuries? Tumbling off chairs, ladders and other objects sends more people to the hospital than any other home accident.

Don’t be a statistic. If you insist on using a ladder, stay safe by always using a sturdy ladder when you need to get to objects out of reach. The Home Safety Council has published a 4-1 rule. For each four feet you plan to climb, you should move the base of your ladder out one foot. And please, please do not stand on the top rungs. They suggest measuring by your belt buckle. If it’s above the top rung, you’ve definitely gone too far!

Clear away any clutter from the area where you’ll place your ladder. It’s usually a good idea to have someone steadying the ladder from the ground. And know your limits. If you have any doubts, get someone younger and stronger to do the climbing for you. Remember you are not Superman and you cannot fly.

Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

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IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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Outside Chances

By Nancy Hankin

Outside stagingMany homes in the Palm Springs Desert Area have wonderful patiosgreat for entertaining! Homes in other parts of the country have nice sized outdoor decks overlooking their backyards. Whether here or someplace else, gathering together with friends or family on a warm and inviting summer evening is often done sitting together on your patio or deck enjoying a nice cool drink and BBQ.

You might want to arrange your lawn furniture to create a dining area and a few social areas around a fire pit for atmosphere. Another idea might be setting a table next to the grill, and arranging barbecue tongs, fork, and knife on a cheery kitchen towel or large platter. If you don’t have your own set, you might want to borrow a croquet set, or other lawn games. Just place them at the corner of the deck or patio to suggest ways in which the backyard might be used for fun.

Here are a few more ideas for outdoor fun:

Patio DecorationsArrange colorful pots of annuals in groups on the deck, patio, or terrace. Over-plant large pots for maximum effect, or line the edge of the patio with same-sized pots planted identically. Arrange pots of flowers on the steps.

Fill birdfeeders to attract your feathered friends. Make sure feeders and birdhouses are appealing. Clean and paint as necessary. Add a new birdfeeder. The selections today are numerous and include unique and entertaining styles that can add even more interest to your yard.

Re-stain a worn picnic table and benches, and add a colorful pot of annuals to the center of the table.  Today, many round tables have a center hole for you to add a colorful umbrella.

Add outdoor lighting for a dramatic effect. Many of today’s magazines have so many tips on how to “stage” an outdoor area with lighting.

Make sure the deck, patio, or terrace is swept and clean, free of leaves, branches, grass clippings, and anything that doesn’t belong in the area in the first place. Prepare as though you were entertaining. Buyers will appreciate the suggestion that your property has more to offer than just what’s indoors! After all, if you have a home in this beautiful desert, you know that much of your entertaining will be done outdoors……so make that outdoors area an extension of your home and make it inviting and exciting by adding your “personal touch” to this great outdoors area!

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Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

Posted in Decorating, Desert Happenings, Helpful Tips, Home Buyers, Home Sellers, Home Tip and Advice, Palm Springs, Palm Springs Area Real Estate, Rancho Mirage, Real Estate Market, Real Estate News, Renovation | Tagged , , | Leave a comment

A Pocketful of Money

By Nancy Hankin

The only time you will witness this phenomenon in your life will be in August 2014 unless you happen to still be here 823 years from now.

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Palm Springs Pocket MoneyThis year, the month of August will count 5 Fridays, 5 Saturdays and 5 Sundays. This phenomenon occurs only once every 823 years.

Chinese people call it: ‘Pocketful of money!’

I call it just darn lucky that we can all expect a “Pocketful of Money!”

  • What will you be doing with your “lucky money?”
  • If you could, how would you spend your “lucky money?”
  • Would you “pass any of it forward” to help others, and if so, HOW would you do this and how would they benefit?

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Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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The Rich Gets Richer

By Nancy Hankin

a cool fifty thousandEvery day someone is publishing something on how to get rich. We all want to live better and a bigger bank account certainly doesn’t hurt.

There have been some interesting results from recent surveys of the affluent. It seems the wealthy owe money just like you and me. But it is how they borrow that is different. They have fewer installment payments and those at the top of the heap have no credit card debt.

However, what they do have is a mortgage. Yes, those considered wealthy are homeowners, a hefty 95.8 percent compared with an overall average of 67.7 percent. And approximately 40 percent have additional investments in real estate. It seems the wealthy are well aware that the current low rates make mortgage money an especially good deal.

The other day I talked myself right out of a potential sale! I spoke with a friend who was thinking of selling her home and moving into an apartment. The Rich Get RicherWhen I asked her what her monthly expenses for her home were, they were approximately the same amount as renting an apartment would be. Keeping in mind that she has some great tax deductions from her interest payments and taxes, I advised her NOT to sell. I explained it would actually cost her MORE if she were to sell and rent an apartment.

Over the years, many of my clients have purchased good, sound Investment Property and they have bought 1-3 additional homes or condos and used these to obtain good rental income. A wise investor knows the best time to buy is when prices and interest rates are down…..which happens to be NOW!

So the next time you know someone who wants to buy or sell, I sincerely hope you will refer them to me. I promise to take very good care of them, and make sure their investment is a wise one!

Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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THE GREAT IMITATOR – Laminate Flooring

By Nancy Hankin

Laminate or Hardwood?Have you been vising many of the NEW Model Homes lately?  Almost all of them are featuring Laminate Flooring! It’s become the “latest rage” in town!

Flooring manufacturers are out to fool the public, and they’re doing a fine job of it! Laminate flooring, their means of deception, masquerades as slate, stone, ceramic and hardwood. Not everyone notices the fake, at least not right away.

Invented in Sweden, laminate flooring consists of a computer-generated photograph of flooring material–wood, stone, tile and other materials–atop a core that’s usually a wood-based product like particle board. A backing is added for stability and to help prevent warping.

The photo layer is covered by a transparent plastic laminate that’s ten times thicker than the laminate on countertops. This helps the flooring stand up to wear, resist fading and staining, and even makes it impervious to nail polish remover. It’s nearly impossible to scratch or dent the surface.

Laminates can go where hardwood can’t, most notably in the bathroom. While some brands aren’t recommended for use in the bathroom, others can be quite successful if properly installed.

Laminates are easy to care for and only require sweeping, and the occasional mopping with a mild vinegar and water solution. You never wax or polish laminates, and you never refinish them.

Laminates are easy on the feet with a soft feel, but sound much differently than feet on tile or hardwood. Improvements in the core and underlayment of laminate flooring have improved the quality of the sound in recent years. Early on the noise was likened to that of clomping over laminated kitchen cabinet doors.

Laminate or Tile?When choosing laminate flooring, pay particular attention to the quality of the photo reproduction. Some laminate is a dead ringer for the original; others are obvious phonies. Be sure that you view the flooring in person, and in daylight.

Laminate flooring is installed in sections and seams may be noticeable, particularly in bright sunlight. Seams can pull apart, but that’s mostly due to improper installation. A special putty is available to fill in gaps.

Laminate flooring “floats;” it’s not attached to the floor beneath it. An underlayment of foam is installed over the existing floor to act as a moisture barrier and sound muffler. Sections are then placed over the underlayment. Usually sections are glued together. One brand, Alloc, uses a locking system that eliminates the need for glue.

Installation isn’t difficult, but first-timers are advised to start small, and choose a square room without any angles. If you do hire an installer, hire a pro with experience in laminate flooring, and one who has been trained and certified by one of the laminate manufacturers. The success of the floor depends on the installation, so it’s worth having the job done right.

If you are interested in seeing how laminate flooring looks in a room, just stop by any Open House. It seems builders today have discovered this product and most Open Houses I have seen in the past few years no longer feature anything BUT laminate flooring. Perhaps that’s a bit of exaggeration, but it seems like 100% of the Open Houses I have seen these past few years ALL are featuring various (rectangular vs. square) patterns and colors of laminate flooring.

Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

 

 

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Homes For Pet Lovers

By Nancy Hankin

Cat LoversWhen looking for a home to buy, it’s not unusual for me to get asked “Is this a pet-friendly neighborhood?” A good majority of homeowners have pets and these pets are a very important part of their families. Actually, they are oftentimes considered “family!”

When looking for a single family home, families with dogs like closed in backyards so their dogs can enjoy being outside without the worry of having them run away from home. Many have installed small “doggie doors” with direct access to backyards and courtyards. However, keep in mind that doggie doors work both ways and uninvited furry guests have, at times, wandered inside to see what it looks like from the “other side.”

Dog LoversI spoke to a woman who had lots of cats and she had her entire back yard protected with special heavy netting so other animals could not enter her yard and her cats could not escape. Her yard looked like a kitty jungle gym with all sorts of things for her kitties to play with.

Doggie Parks are also a great place to let your dogs “socialize” with other dogs. It’s also a nice place to meet new friends.

Thankfully, it’s become more and more fashionable these days to “adopt a rescue animal.” Unfortunately, rescue agencies are full most of the time because so many people have neglected to take proper care of their little furry friends. The wonderful thing about rescuing a pet from one of these agencies is the gratitude these little furry friends have for being rescued. They will love you forever and provide you with lots of kisses and cuddles each and every day.

I recently heard about an agency you can find online and you can also download an app on your phone. Just go to http://petsunlimited.com to find out all about them. It’s become a very popular site for animal lovers, domesticated and wild.

So the next time you are shopping for a new home, don’t forget to find one your animals will enjoy as well. After all they, they are family!

Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

Posted in Home Buyers, Home Sellers, Message from Nancy, Palm Springs, Palm Springs Area Real Estate, Rancho Mirage, Real Estate Market | Tagged , , , | Leave a comment

HAPPY 4TH OF JULY

By Nancy Hankin

PLEASE ENJOY THESE SPECTACULAR CHINESE FIREWORKS

THESE ARE THE BEST WE HAVE SEEN EVEN A PLANET WITH ARING AROUND IT.. This Hunan Province town is where fireworks were invented, and the show has never been equaled in the West.  The Chinese are not only the inventors of the fireworks they are still the masters!

Palm Springs Real Estate

Wishing You A Great Desert Day!

Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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Green Tip of the Week: Have Your Car Washed!

By Nancy HankinSave Resources, Car Wash

Statistics show that paying for your next commercial car wash could be much more water-efficient than doing it yourself with the garden hose. A typical commercial car wash uses 100 gallons less water per car wash than a home wash, and, in many cases, professional car wash facilities also reuse and recycle the rinse water.

I never knew that. There are many ways we can all learn to “go green.” Simply put, going green will most likely save you $$$ in the long run, and it will also help all of us save our planet.

Going green does not only involve recycling. Going green involves much more.

  • Basically, going green means to live life, as an individual as well as a community, in a way that is friendly to the natural environmental and is sustainable for the earth.

It means contributing towards maintaining the natural ecological balance in the environment, and preserving the planet and its natural systems and resources.

It also means taking steps, whether big or small, to minimize the harm you do to the environment (including the carbon footprints you leave behind), as a result of inhabiting this planet.

In practice, going green means adopting five basic principles in your daily life:

All five principles are important in protecting the environment from harm, as well as helping to ensure that living (for humans and other creatures) on earth is sustainable for generations to come.

Would you like to make a comment on this article? It’s a great place for you to “let YOUR thoughts be known on the various articles written. Be My Guest………I‘d love to hear from you! Others would too! To comment just scroll down and leave a reply.

IMPORTANT: If you or someone you know is interested in buying or selling a home in the Palm Desert Area, try searching properties on the same Desert Area MLS Realtor’s use, or give me a call….or visit my website at Palm Springs Homes and Estates. I will be happy to give you or your referral my red carpet service.” After the sale, I will send you a $50 Gift Certificate towards dinner in a fabulous Palm Springs Area Restaurant so you can celebrate!

Nancy Hankin, Palm Springs Real Estate Agent Brought to You By Your Favorite Realtor,

Nancy Hankin

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