How Much?

By Nancy Hankin
www.PalmSpringsHomesandEstates.com

Palm Springs Home ValueYou’ve decided to place your home on the market. How do you price one of the most important possessions you have? Whether you have lived there a short while or most of your life, most people gain a strong attachment to their homes and see them through rose colored glasses when it comes time to sell. If you have renovated or improved, things might become even more complicated. Which items are merely conveniences to you and your family personally and which add true value – The hot tub? New roof? Landscaping?

It is important not to get sentimental and this is one area where I can definitely give you good advice. Property values fluctuate and the market is always changing. A Comparative Market Analysis (CMA) can provide you with a guideline on where to place the price of your home. The data should be current (no more than 3 months old is ideal) and should reflect homes in your area with comparable features and conditions.

  • Pricing your home too high may cost you that valuable initial rush when you finally list.
  • Pricing too low will not only cost you dollars, but will make potential buyers wonder what’s wrong.

Palm Springs Home Values and Market ValueBe very wary of the agent who places a very high value on your home. This may sound good to your ears, but may not be in your best interest. Also, be wary of the agent who will discount their services. Those that do will also be offering you inferior services, marketing, and most likely will not be able to negotiate the best sale for you in the long run.

Selling your home is one of the largest sales you will encounter and this is NOT the time to expect quality service for bargain prices. When you are “shopping” for a Realtor, choose carefully and wisely.

I am one of only 3% of the agents in the nation who have earned a Certified Real Estate Specialist (CRES) degree. What that means to you is I have more knowledge in the field of real estate than most agents who just hold a license. I am also a real estate broker which involves many more years of additional study as well.

I also have a large arm that reaches out across the country and the nation to many other Realtors who also have additional education and knowledge and they can take care of you and your family members or friends as well. Just give me a call and I’ll be happy to locate a specialist in another city, state or country for you.

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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 Sellers, Home Tip and Advice, Message from Nancy, Palm Springs Area Real Estate, Real Estate Market, Real Estate News | Tagged , , , , , | Leave a comment

TEST YOUR GEOGRAPHY SKILLS HERE

By Nancy Hankin
PalmSpringsHomesandEstates.com

Geography Game on Palm Springs Homes and EstatesHave you ever been sitting at the computer doing some work and you just wanted to take a 10-15 minute break and do something for fun? Well…..I’ve got just the game for you and it’s right at your fingertips. However, I do want to warn you. It can be addicting.  If someone catches you playing it, just tell them you are studying up on some geography.

When my kids were in their young teens, we would take a few trips by car around various areas of the United States and we would play a few games to break up the monotony. One of the games we played would be seeing who could name the most state capitols in the United States. The kids seemed to enjoy this game and we all learned from it.

Geography Game on Palm Springs Homes and EstatesEach year I try to put information on my site helpful to my readers. Many years ago I came across an interesting game that would test me on not only knowing the states…..but knowing where the states are situated on the map. If you CLICK HERE you can test out your own geography skills…. then let me know how you do. You just might surprise yourself!

And if you or someone you know is thinking of moving to one of these states, please give me a call and I can put you in contact with an excellent Realtor!

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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 SpringsHomes 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 Homes and Estates

Brought to You By Your Favorite Realtor,

Nancy Hankin

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DUCT SEALING REQUIREMENTS – YOU WILL BENEFIT

By Nancy Hankin
PalmSpringsHomesandEstates.com

Palm Springs Home Ducts Beginning October 1, 2005, a law went into effect stating you must have your home’s ducts tested for leaks when you have a central air conditioner or furnace installed or replaced. Ducts that leak 15 percent or more must be repaired to reduce the leaks. After your contractor tests and fixes the ducts, you choose whether to have an approved third-party field verifier check to make sure the duct testing and sealing was done properly or to have your house included in a random sample where one in seven duct systems are checked.

Duct sealing is not required in the following situations: 1) when homes are in specific coastal climates; 2) when systems have less than 40 feet of ductwork in unconditioned spaces like attics, garages, crawlspaces, basements or outside the building, or 3) when ducts are constructed, insulated or sealed with asbestos.

There also are specific alternatives that allow high efficiency equipment and added duct insulation to be installed instead of fixing duct leaks.

  • Most importantly, you also should know that any contractor failing to obtain a required building permit and failing to test and repair your ducts is violating the law and exposing you to additional costs and liability.

Palms Springs Air DuctsPlease know that real estate law requires you to disclose to potential buyers and appraisers whether or not you obtained required permits for work done on your house. If you do not obtain a permit, you may be required to bring your home into compliance with code requirements for that work and you may have to pay penalty permit fees and fines prior to selling your home.

The greatest energy use in California homes is for central air conditioning and heating, In the desert, air conditioning is definitely our highest energy user.

You might not be aware that most homes with central air conditioning and heating systems have ducts that were never properly sealed. The average home’s ducts leak around 30 percent of the conditioned air outside the home. These leaks are taking money straight out of your pocketbook.

  • Properly sealed ducts will lower your energy bills, reduce pollution inside your home, and help to avoid a repeat of the inconvenience and health and safety risks that we suffered during the power blackouts in 2000.

For more information, have your ducts looked at and for further information, please contact the Energy Commission Efficiency Hotline at (800) 772-3300, or visit the Energy Efficiency website at www.energy.ca.gov/title24/changeout.

Get more Real Estate information by following me on Google 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

 

Posted in Energy Savings, Helpful Tips, Home Tip and Advice, Inspection, Palm Springs, Rancho Mirage | Tagged , , , | Leave a comment

WHEN SEARCHING FOR A HOME

YOU MAY NOT ALWAYS GET WHAT YOU ARE LOOKING FOR WHEN SEARCHING FOR A HOME YOU MAY NOT REACH A REALTOR

By Nancy Hankin
PalmSpringsHomesandEstates.com
 

Palm Springs RealtorSo you’re thinking of buying a home, and like over 90% of those who search on the Internet for homes before contacting a Realtor, you find yourself on various websites looking at properties. Perhaps there’s  a pop-up asking you to sign in…….or a link that asks you to provide your name, email address and phone number before you can proceed further.

What you may not know, there is about a 95% chance you are on a site that is considered a Lead-Capturing website. This site has access to our MLS (Multiple Listing Service) and downloaded all the properties in our MLS system onto their website so they can feature our listings on their site.

What do they do with all these listings that we, as agents, have worked hard for and spent hundreds of dollars, and many many hours of hard work to feature our listings on the MLS? They SELL US BACK these LEADS! Many agents are spending thousands of dollars to reach buyers who are searching the Internet so we can be found and contacted. But the Internet has changed, and it’s the BIG GUYS (Realtor.com/Truila/Zillow/Refin/etc) who can afford to pay thousands of dollars each week to be seen on page one of all the search engines that have pushed the LITTLE GUYS (agents) off the map!

On August 5, 2014, NRT, one of the largest brokerages stated it plans on out-ranking Zillow, Truila and Realtor.com and they will start by charging agents 35% of their commission in order to send the leads back to agents who agree to their terms. Now keep on mind, on a typical sale with a 6% commission, the agent must split that commission in half with the other agent involvPalm Springs Realtored in the sale. Let’s take a $300,000 home as an example. Each side would receive $4500. Then the agent gives back 35% to NRT, or $1575, leaving a balance of $2925 which they will now split with their agency. The agent, after paying all their expenses, will be lucky to come out with $500 which equates to less the minimum wage!

This isn’t the only industry this is happening to. Insurance is also experiencing the same thing. Agents are forced to BUY LEADS from these Lead-Capturing Giants in the industry.

So the next time you are looking for a Realtor who is knowledgeable about the area, has a good understanding of the market, and will negotiate in YOUR best interest……contact a Realtor with experience. If not, you may end up with an inexperienced Realtor who does not have the knowledge, education and experience YOU DESERVE and the ONLY way they can stay in business is BUY THEIR LEADS from these large companies.

Better yet, just click here to let my past clients tell you, in their own words, how their experience was working with Nancy Hankin In closing, here is something else you may not be aware of. On many of these company’s websites you are searching on, it is not unusual for the MLS to NOT be Up-To-Date……if you search the MLS on my website, this will be the same website Realtors use and it is always Up-To-Date! Just go to: www.PalmSpringsHomesAndEstates.com and pull down the menu at the top for MLS Custom Searches and everything you see will be up-to-date on this site.

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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 Helpful Tips, Home Buyers, Home Sellers, Message from Nancy, Palm Springs, Palm Springs Area Real Estate, Real Estate Market, Real Estate News | Tagged , | Leave a comment

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

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.

Get more Real Estate information by following me on Google 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

Get more Real Estate information by following me on Google Plus

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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