This Villain Can Destroy You…..Damaging Moisture!

By Nancy Hankin

www.PalmSpringsHomesandEstates.com

 

Termite damageTermites and Mold are usually the first thing homeowners think of when it comes to damage. But an equal villain on the home front is moisture.

Other than insects, moisture is the number one enemy of your home. Left unchecked, it can cause cracks in the foundation, peeling paint, rotted wood, mold, and in general, will create an unhealthy place in which to live, costing you thousands of dollars to rectify. It can also cost you the sale!

Prevention is the best method for dealing with the problem. If you’re experiencing a little dampness in a utility space or garage, possibly a dehumidifier will solve the problem. If you are noticing more visible signs of moisture, quick action is needed.

There are lots of ways for moisture to enter your house. The most common, of course, is a leaky roof. If you are suspicious that this is the problem, enlist a qualified roofer to inspect. Your roof has a life span but can suffer from weather and wind damage. A quick repair could save you a lot in the long run. You’ll also want to check for gutters and downspouts that may have been incorrectly installed, have deteriorated or maybe simply need cleaning out. Clogged gutters that allow water to run down the side of the building and into the area around your house will cause Flood, Mold, Leaky roofmildew and mold.

Improper Grading is a big culprit. If your grading is sloped towards the house, rain and melting snow will often find their way into the walls. Mold will soon follow!

Other possible culprits are leaking and cracked pipes, climate control systems that are working improperly or cracks in the foundation possibly caused by settling. You quite often have to put on your detective hat to find the source. That stain on the wall could have come from a leak on the other side of the building.

It’s never a good idea to repair the damaged plaster or place a water proof coating over a masonry wall without first finding the cause of the problem. The dampness is still there and will eventually seep through, causing further damage. You must get to the root of the problem before making the cosmetic repairs.

Proper ventilation will help also, especially in attics or in instances where one area is climate controlled and another is not. You may get a condensation buildup which will need to be addressed.

Most moisture problems can be solved through proper maintenance, ventilation and remedial treatments. If you’re having trouble though, there are experts who can help you solve the mystery. And most importantly, ACT QUICKLY. This is NOT the time to procrastinate! And when it comes time to find an expert in many incidences I have a great list of vendors’ on my website. Just go to www.PalmSpringsHomesAndEstates.com, then pull down the menu ABOUT ME, and you will see the Vendors Listed there.  

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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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QUICK FIXES EQUAL QUICK APPEAL

By Nancy Hankin
www.PalmSpringsHomesandEstates.com

Palm Springs Curb AppealThe most important factor in getting buyers to like a house is how well it “shows.” Houses that show well, sell well. Houses that don’t, may not sell as quickly, may not sell at all, or may not sell at the price you want. Why leave $$$ on the table when a few quick fixes can help boost your home’s sales appeal.

Curb Appeal: Remember, you never have a second chance to make a good first impression. Several elements affecting your home’s curb appeal are the neighborhood, location of your house on the block and the overall condition of the driveway, front yard and landscaping. You can’t change the first two elements, but there are lots of ways to improve your home’s first impression. Fix the driveway with fresh blacktop; manicure the front lawn; trim the shrubs; touch up or completely repaint the front of your house; and replace or paint the front door. These quick steps are inexpensive, especially if you do the work yourself. Once it is done, you will have enormously increased the curb appeal of your home. Remember…..emotion SELLS homes! Common sense will often fly right out the window when it comes to buying a home because the buyers will have fallen in love with your home!

Uncluttering Works Wonders: I live in the Palm Springs Desert Area of California. I was waiting at the doctor’s office yesterday and they had a real estate program on the TV. The featured agents on the show were working with both buyers and sellers. They went on a listing appointment to a family home and there was clutter everywhere. They explained to the widowed father and two children the importance of removing much of the items in the house. The family didn’t like to hear that. Neither did the woman sitting next to me. She thought it was terrible the agents were being so nasty. I turned to her and told her I was also a Realtor. Then I explained the reasoning behind it. I told her the home would be very difficult to sell with all that clutter and it would be difficult for a buyer to imagine their own things in the house. I also told her the home would sell for far less with so much clutter. With a little work and small financial investment, they could get far more for the home if they were willing to follow their agents advice. I tell my clients, “What you may consider “cozy”, potential buyers may view as clutter,” so start packing. After all, you’ll soon be moving so you might as well get a head start on it now.

Carpeting: Clean or replace your carpets if they are dirty and worn. The first thing buyers look at once inside your home are the carpets. Clean carpets make a positive impression. New carpets make an even better one. Even inexpensive brand-new carpets look great. If you have tile, make sure there isn’t any cracked grouting, and a good cleaning will make a world of difference when sparkling clean. Spot Clean Walls: Most spots or smudges can be wiped off with detergent and a sponge. If your walls are heavily marked or scratches cannot easily be wiped off, consider re-painting the walls and remember to keep your colors neutral and light.

Check to see that Appliances Work: Broken appliances should be fixed or replaced. Sometimes it is cheaper to replace than to fix. Assess the cost of a new stove before deciding to pay the repair on one burner. Or decide if fixing the icemaker is warranted based on the cost of purchasing and installing a new one. Consider the payback and you’ll see that this is a bargain. Speaking of appliances, try to keep the kitchen counters free of lots of small appliances. De-Cluttering countertops in kitchens and bathrooms is a easy thing to rectify and most important to do. beforePalm Springs Living

Clean Your Windows and Sliders: Clean all your windows till they sparkle. And wash or replace old screens. Touch up the paint on the woodwork inside and out if needed. Put new rollers on sliders if they are difficult to slide back and forth.

By addressing some quick-fix needs of your home, you can make a better overall impression on your buyers without a lot of time or expense. Your home will sell faster and you’ll get top dollar if your home shows well and there are few visible repairs. I am the first to admit it is not fun living in a home that is for sale. Living in your home and Selling your home are not the same…..but the end result will make you mighty glad you took the time to present your home in its best light!

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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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Do You Tell Your Doctor How to Operate?

By Nancy Hankin

www.PalmSpringsHomesandEstates.com

Palm Springs Real Estate PricingThe other day I heard a similar story I have heard many times before and I just had to smile when I heard it AGAIN!

It amazes me how many “HOMEOWNER EXPERTS” seem to know the exact value of their homes. They often know because their neighbors have told them so, or they know because their home happens to be the best home in the neighborhood, or they know because they have a real estate crystal ball that tells them so!

Here’s how this typical story went: This homeowner called up a very well-known and highly respected Realtor in a particular development where the agent had represented many buyers and sellers in the past. He visited the seller and showed her what COMPARABLE properties had SOLD for in her neighborhood. Her crystal ball told her otherwise! She was shocked he wanted to “give away” her beautiful home at a bargain basement price! How dare he!

The seller wanted him to list the home at a much higher price. He explained that he would be doing her a dis-service because she would not get any buyers to look at an over-priced home…or worse yet… other Realtors would be marching their buyers over to the house to point out how well priced their listing was priced at,

Mrs. Seller decided she would not list her home with this agent because he just didn’t understand how “special” her home was, so she called another agent. As many Realtors know, agents that are desperate to obtain a listing will often take an over-priced listing in hopes of getting “sign calls” from buyers driving by the home. Mrs. Seller then signed a legally binding contract with agent # 2. After several months with NO SHOWINGS, she decided to FIRE her agent. She told him she no longer wanted him to represent her. By the way, she apparently did not understand she could NOT do this. Agent # 2 and the seller would have to Mutually Agree to break the CONTRACT, which he was unwilling to do.

Mrs. Seller took it upon herself to REMOVE the Agents Signs and she tried to sell the home By Owner. That did not work either, so she called the first agent and begged him to list her home at the price he had originally suggested. He could not do this for two very good reasons: The home was legally listed with Agent # 2 , and he refused to work with an Unethical Seller.Palm Springs Real Estate Market

The moral to this story is simply this. Unless you hold a real estate license and have taken many real estate courses to become educated in a field you may know nothing about, hire someone who has a great reputation and will have your best interest at heart. Would you tell your doctor how to operate on you or would you trust that he or she knows what they are doing?

And most importantly, educate yourself about the Realtor you are thinking of contacting BEFORE you sign a contract. It’s not uncommon for some Realtors to take Over-Priced Listings. Each day I drive by a home that called me to list their home. They felt I was estimating the price too low, so they went with another Realtor that quoted them a much higher price. It’s been over six months and they have kept reducing and reducing the price on their home. It is now listed at the price I first quoted them six months ago……and it still has not sold! Surprise Surprise!

Want to know how I represent my clients? Click here and learn firsthand from various clients in the Palm Springs Desert Area I have represented over the years, their experience working with Nancy Hankin. And thanks for “stopping by today!”

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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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If You Don’t Buy A House Now

Rent vs Buying in Palm SpringsThat’s what Bloomberg said back in 2009. Actually, they said, “If You Don’t Buy a House Now, You’re Stupid or Broke.”

They continued, “Well, you may not be stupid or broke. Maybe you already have a house and you don’t want to move. Or maybe you’re a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don’t act soon, you will regret it. Here’s why: historically low interest rates.”They were talking about rates hovering around five percent. Today, rates are under four percent for a 30-year fixed-rate loan.

Reason No. 1 to buy now: Rates are low

“Low mortgage rates continue to keep ownership less expensive than renting,” said Investopedia. “Even a small change in interest rates has a significant effect on what you’ll pay each month and over the life of a 30-year mortgage. Take a $172,000 30-year mortgage, for example ($172,000 is 80% of the median sales price for existing homes of $215,000 after a 20% down payment). With an interest rate of 4%, you would pay $821.15 each month. At an interest rate of 5%, the monthly payment would be $923.33, and at 6%, the payment rises to $1031.23.”

Reason No. 2: Rents are high

In many markets, rents are rising to unsustainable levels, reports the National Association of Realtors (NAR). “In the past five years, a typical rent rose 15% while the income of renters grew by only 11%.”

The cities with the highest rent increase since 2009 include New York, San Jose, San Francisco, Denver, and Seattle. For the rest of the list, click here, and to see how much more renting can cost you over a lifetime, check out Riskology.

Reason No. 3: Qualifications are easier

During the real estate downturn of the mid-2000s, banks and lenders tightened the reins, and often only the most qualified applicants could get approved. Post-recession, qualifications have loosened. Buyers who can’t show solid income and a minimum credit score probably won’t be offered a risky interest-only ARM today, however, those with less-than-perfect credit and minimal funds still have options. The Federal Housing Association (FHA) minimums are a 620 credit score and a 3.5 percent down payment.

Reason No. 4: Private mortgage insurance fees are down

Buyers who put less than 20 percent down on their home generally incur a monthly fee in the name of private mortgage Buy A Home Nowinsurance (PMI). In January 2015, the government announced lower PMI rates on Federal Housing Administration (FHA) loans, which equates to a savings of about $900 a year. Seventy-five dollars a month may not seem like much, but every little bit helps when you’re committing to an investment as large as a home.

Reason No. 5: It’s still one of the best investments out there

In fact, some would say it’s the very best investment out there.

“Buying a home is the best investment any individual can make. Affordability is still at an all-time high,” said CNBC.

Not only as a comparison between buying and renting, but as a measurable asset, homeownership stands up—as long as buyers make a smart decision.

“The largest measurable financial benefit to homeownership is price appreciation,” said Investopedia. “Price appreciation helps build home equity, which is the difference between the market price of the house and the remaining mortgage payments.”

Reason No. 6: It feels good

You know that pride of ownership thing? It’s true. Really. Nothing compares to the feeling of walking into a home that’s yours for the first time. Or painting the walls a color other than white. Updating the kitchen. Making it your own. Not worrying about your rent being raised. And, of course, watching your equity grow over time.

Get more Real Estate information by following me onGoogle Plus

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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Snowbirds Spotted Leaving Palm Springs

Palm Springs CA LivingIt’s April, and this is usually the time of the year Snowbirds are spotted heading back to the Mid-West, East Coast, Canada and other parts of the country where they were seen flocking this way just 4-6 months ago!

Many are tired from all the fun they’ve enjoyed here in Palm Springs, California. You’ve been enjoying the scenic beauty of the San Jacinto snow-capped mountains, warm weather and day-after-day of sunshine! You must be tired from so much golfing, tennis, hiking and shopping. After all, you’ve had over 100 golf courses to play on. You “shopped til you dropped” and you played the slots at all the casinos in the area.  You’ve enjoyed top rated entertainment playing   at the many theatres scattered throughout the area.

Palm Springs CA ViewsYes, it’s time to go home so those of us, who live here year-round, can have our parking places back. We won’t have to wait in long lines for dinner and we can find a good seat at the movie theatres.  Those rumors you’ve heard about summer in the desert are not true. We haven’t melted yet and we still play golf, tennis and hike all summer long.

However, we would like to wish you a wonderful summer wherever you are heading back to, and to let you know we will be here next October-November-December, etc. to greet you upon your return. After-all, you are like family, and we always look forward to your return.

Enjoy a beautiful summer, and just like Motel 6, we’ll keep the lights on for you!

Get more Real Estate information by following me onGoogle Plus

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 Lost Art of Conversation?

By Nancy Hankin
www.PalmSpringsHomesandEstates.com

smartphones, conversationLast month, while enjoying dinner with friends, I looked at a young  couple sitting across from us at the table just a few feet away. Neither of them were communicating with each other. They both held their cell phones in their hand and never said a word to each other. Not one single word passed between their lips!

The following week I was at lunch with friends and I was fascinated watching a man and woman, both over 60,  doing “their thing” at lunch. The man had an ear piece on listening to something on his phone. The woman had her IPad out playing games. I glanced over at them for the next half hour and neither of them had taken the phone or IPad out of their hands, or said a word to each other.

What happened to “getting together” with family or friends to enjoy some good conversation and exchange a range of ideas? Why do I get emails or  text from friends with the words “How are you?” Are they too busy to pick up the phone and inquiry in person? When I get messages like that I hit “delete.” If someone can’t take five minutes to communicate in person, then I am not interested in communicating with them.

And today kids text their parents when their parents are twenty feet away in another room. Come on now…isn’t that carrying things a little too far?

When did we first begin to lose the ability to actually “speak” with one another?  I believe we began to lose “The Art of Communication”  with the advent of emails, text and cell phones! Social Media has also helped destroy verbal communication.  Social Media is about as UNSOCIAL a Way of communicating as I have ever heard of.  You can only tweet up to 140 characters. That’s must be for folks who really hate communicating!

  • When people lose touch with each other, they become emotionally DISCONNECTED. 

When people become DISCONECTED they become  DISTANT, and that is why this society  has lost touch with the “humane side” of  treating people with kindness and respect.  We have lost the ability to “sole touch” with each other.Talking, Social media, communicating

Yes, technology has a lot of good things that has aided progress, but it has also destroyed the ability to really get to know how a person truly thinks and feels.  How do you tweet a broken heart? How to you Facebook that you are lonely and need a hug, or a kind word of encouragement when you are having a tough day?

We have a lot of holidays to celebrate in the next few months with family and friends. Why don’t we try turning all our mobile devices OFF? I’ll be the first to admit this might be hard, and I’ll probably suffer withdrawal, but let’s give it a try. We might just get to know each other better and learn how to actually COMMIUNICATE with each other in a way to “touch” each other’s souls.

Wishing all of you enlightening and stimulating communication.

Get more Real Estate information by following me onGoogle Plus

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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My House is Gone!

By Nancy Hankin
www.PalmSpringsHomesandEstates.com

Palm Springs Life ChangesIt can be upsetting when things don’t go our way….especially when the house we were going to write an offer on GETS SOLD…..right from under us.

  • The Dalai Lama once said “Remember that not getting what you want is sometimes a wonderful stroke of luck.”

I moved to the Palm Springs Desert Area from Wisconsin in 1992 and I LOVE it here….but I would not have moved here if things had gone my way! I was living in a beautiful 2700 square foot townhouse, a block from Lake Michigan, in a very nice area called Shorewood. I had sold my home and I was leasing the lower level of a spacious townhouse. After living there for two years, my landlord decided to sell. He asked me and the neighbors above to put in an offer on the townhouse if we were interested. We both put in a full-price offer, but I did not get it. Instead he sold it to the couple living upstairs. I was so disappointed.

Approximately six months later I was visiting California because I was doing a “needs assessment” for a book I was thinking of writChanges, purposeing. While in California I also visited my daughter and granddaughter in Los Angeles and my aunt and uncle in the desert. It was there, standing in the desert on a quiet afternoon, looking towards the majestic San Jacinto mountain, that I “listened to the voice within” telling me this is where I needed to move to. I remember that moment like it happened yesterday.

It was only after I took the plunge and packed up heading west, did I realize that had I purchased that beautiful town house in Shorewood, I never would have moved to this wonderful desert, or met my husband who I spent many wonderful years with until his recent passing. It suddenly hit me that not getting what I wanted was a wonderful stroke of luck!

So the next time you feel disappointed that someone else bought the home you had your heart set on, just remember it might be a blessing, because a better home might be just around the corner!

Get more Real Estate information by following me onGoogle Plus

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,

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DEAL MAKER OR DEAL BREAKER?

By Nancy Hankin
www.PalmSpringsHomesandEstates.com
Home for Sale, homesI’ve written several articles about the importance of “Preparing Your Home for Sale.”

It still amazes me the resistance I get from a few sellers when I suggest they have a Pre-Inspection and get items in need of repairs…….repaired ahead of time.

If you want to get your home sold in a hurry at the highest price, it helps to be ‘move-in ready.‘ Buyers will pay more for a home when it does not require updating or repair. Moving is a lot of work, so if there are no major fix-up projects, that makes for a sweet deal. Buyers will look upon your property more favorably.

First impressions can be a “deal maker or a deal breaker.” The most noticeable and profitable improvement you can make is fresh paint inside and out. If you cannot paint the whole house, at least paint the living or great room, kitchen and baths. These carry the most impact.

Now let’s discuss Wallpaper! Wallpaper is an INDIVIDUAL PREFERENCE. It has a personality of its own. Others might not agree with your décor preference, so it’s best to REMOVE all Wallpaper BEFORE putting your home on the market. Furthermore, wallpaper does not do well in the desert due to the dryness in the air. The paste often dries up causing further problems. Try to keep in mind you are moving to the DESERT and your beautiful East Coast or Mid-West furnishings may not look as well as they do back home.

New light fixtures can add style without breaking the bank. Choose wisely. If you cannot bear to part with your dining room chandelier, take it down and replace it before you show your home. Add a chandelier that looks sparkling and lovely.

Home For Sale, Move In ConditionsWorn carpet is a major downfall when you’re selling your home. Wall-to-wall carpet that is anything but pristine must be replaced. Choose a neutral color and select a thick pad to go under it. Here in the desert, tile is very popular and easy to keep clean. Buyers want to see flooring they can imagine placing their furniture on it.

Don’t forget about the landscaping and exterior elements. After all, that is a buyer’s first impression.  Money spent on landscaping is a highly profitable venture when you’re preparing to put your home on the market. Keep everything trimmed and pruned. Add a planter by the entry with bright flowers and a welcome mat at the door.

A dirty, cluttered garage is a real “turn off” for buyers. Buyers will assume that you have inadequate storage and that the garage is the catchall for things that have no place else to go. If the garage isn’t finished, consider putting up sheetrock, then paint the walls white. If the floor looks bad, paint on a couple of coats of paint made especially for concrete floors. With little time and expense, the garage will become a positive selling point. Updating your garage doors is a plus for any buyer.

If you have major repairs, evaluate each one as to how it will benefit the sale of your home. Not doing the repairs before you list your home can cost you a good sale. If you are ready to sell your home, which is the most expensive commodity most sellers have, this is definitely not the time to pinch those pennies if you want to receive the highest price in the least amount of time.

Get more Real Estate information by following me onGoogle Plus

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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GET YOUR BOXING GLOVES ON. YOU’RE IN A BIDDING WAR!

By Nancy Hankin
www.PalmSpringsHomesandEstates.com

And the winner is…..  The most qualified buyer who offers the best price with the fewest strings attached.

Home Bidding War, Winner, People often ask, “How can I improve my chances with other buyers vying for the home I want? Clean offers usually win out. A clean offer is one that’s not loaded with contingencies — conditions that must be satisfied in order for the sale to go through.

Typical home purchase contract contingencies are financing, inspections and the sale of another home. Be Careful. You shouldn’t forego contingencies if they involve conditions that you must satisfy in order to complete the purchase.

However, one way to put yourself ahead of the pack is to satisfy as many conditions as possible before presenting your offer. For example, you may not be able to get completely approved for financing. But you can get pre-approved for a loan.

Never submit an offer if you have not gotten pre-approved with your lender. If you are paying cash, I always ask my buyers for a letter from their financial source verifying their funds.  Buyers who find a place to buy before they’re pre-approved should at least submit a loan application to a lender or mortgage broker and have their credit checked before writing an offer. This way, the loan agent or broker can write a letter stating that the loan application is in and the credit is acceptable.

The winning buyer in a multiple offer presentation is often the one who makes the highest offer. This is not the time to submit a low offer. Sometimes there are many buyers making offers for more than the asking price. Knowing what to offer in such a situation is critical.

Learn as much about local market values as you can. I always look at comparable properties with my buyers before writing the offer. A comparative market evaluation of the property will tell you recent selling prices of comparable properties in the area.

Buyers, Home buyers, bidding buying a new homeWhen market values are rising, there’s a bit of guesswork involved in pricing. You may need to be a trendsetter and pay a bit more than yesterday’s comparable sales in order to be the successful bidder. .

Find out as much as you can about the sellers and their situation. If you meet the sellers personally let them know how much you love their home. When you’re in competition with other buyers, there’s no point in playing poker-face.

Sellers can be swayed by emotional appeal, particularly if they’re looking at several very similar offers. I’ve had a few of my buyer’s send a note to the sellers telling them what they loved about the home and why they wanted to buy it. In many cases, that note cinched the deal!

May your best offer win!

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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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Let Me Tell You a Secret

Lead Generating Companies vs. Realtors

By Nancy Hankin
www.PalmSpringsHomesandEstates.com

Realtors, Listings, Today I received another real estate LEAD CAPTURING COMPANY wanting me to BUY my own listings back. Yes, that’s what I said. They want me to BUY my own information back from them!

All the companies like, Zillow, Realtor.com, Truila, Homes.com and Redfin have put all OUR MLS listings from all the Boards of Realtors around the country onto their massive sites. Because they have ALL the listings from around the country on their site, they are ALL listed on the first pages when a consumer tries to search for properties. All the agents who have worked so hard to obtain these listings and market their own listings are pushed back on these searches, costings them hundreds of thousands of dollars.

  • Contrary to what you may think, these companies are NOT in the business to help the public see what homes are available. They are in the business of SELLING LEADS TO AGENTS. That’s how they make their hundreds of thousands of dollars, and this is financially hurting Realtors who have worked so hard to market their listings on the Internet.

Agents are now FORCED to BUY their own listings from these companies…..often costing agents $5000-$25,000+ a year and often times more. Furthermore, these large companies KEEP OLD LISINGS that are NO LONGER ACTIVE on their sites in order to show larger data bases which will bump them up on the searches. This hurts everyone. Many of these companies have over 400 dead and non-existent listings on their website at the present moment. Here is a good example of what I am referring to. This is the email I received today. I get these solicitations daily from all the Lead Capturing Companies.

Realtor, listings, buyers, homes for saleA simple solution would be for consumers to STOP using these sites and START using the agent’s sites. When you use an agent’s website that you know and trust, you are dealing with someone personally, not some unknown Realtor who may have just gotten their license and has no negotiating skills to benefit your needs, but is PAYING to obtain a LEAD from these Lead Generating Companies.

I have the exact same data on my site that all Realtors use. It is up-to-date and I have NO Non-Existent Listings on my site. The entire up-to-date MLS can be found under the MLS SEARCH menu at www.PalmSpringsHomesAndEstates.com.  I have listings you can search by the types of properties they are, and by location, price and amenities, etc.  You can also ask me questions and I’ll get back to you immediately if I am unavailable when you call. I may be out showing property, but I do return calls.

So, the next time you want to know what’s for sale in the area you are interested in, try contacting a Realtor directly instead of going to a Lead Generating Company that obtains their money by making Realtors buy back their own listings. I know I speak for thousands of Realtors who would greatly appreciate you working with them directly. We know the areas, the communities, and we know all the features of the homes in our area. Want to know how I work with Buyers, just Click Here and you can hear from them yourself!

Get more Real Estate information by following me onGoogle Plus

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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