Point Happy Estates, a community conveniently located close to the intersection of Highway 111 and Washington St. in La Quinta, may be getting ready to be Revived ! Family Development, a Palm Desert-based real estate development company, has purchased 15 unfinished foreclosed homes and 23 lots here and this resurgence of interest and energy can only be good for the builders and buyers alike.
Point Happy Estates is named after Point Happy, a lovely little little cove area nestled up next to the Santa Rosa Mountains. It gets its name from early settler Norman “Happy” Lundbeck, who tended a small store there. Later on, the property was purchased by philanthropist Chauncey Clarke, who grew the first Deglet Noor dates in California there and also raised purebred horses at his Point Happy Ranch.
When built out, Point Happy Estates will feature 69 semi-custom luxury homes with average lot sizes of 10,500sf – all situated on 22 acres of prime La Quinta real estate with a secluded mountain escape. Many world class amenities are in close proximity, such as adjacent Point Happy shopping center, fine restaurants, Indian Wells Tennis Gardens, Old Town La Quinta, La Quinta Hotel & Resort . . . and much more. Stay tuned as the best kept secret of Point Happy Estates becomes the buzz of the town as its vision comes to fruition.
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Three of our largest Banksters are being sued by the City of New York. This is taking that settlement they just made for undertaking fraudulent mortages of 28 billion a step further.
New York sues 3 large banks!
Basically..suing for the way they traded mortgages like stocks within the MERS electronic filing system. That’s what made it so hard for all of us to comprehend what was going on! I suspect maybe we were not supposed tok know what was going on..that way it’s taken everyone longer to see how absolutely awful the mortgage/lender industry was handling and tanking the housing industry.
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So many people think Polo is the “sport of Kings”..I know differently. I played it professionally and did it by the skin of my teeth, and working constantly to figure out how I could play the game with the animals I love so much. Watch this video to inspire you..it is so special!
http://espn.go.com/espn/e60/story/_/id/7093372/philadelphia-inner-city-students-follow-unusual-path-learn-play-polo-win-national-title
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The highest recorded Luxury Home Sale to Date for the Coachella Valley just closed. Listed at 9.75 million, the sale is second only to the sale of the former Blixseth estate, Porcupine Creek. Porcupine Creek is not a good comparable (Sold for 42.9 million recently), because it included a private Golf Course as well as four guest homes! But..for a single family residence, this 9,798 sf home on approx. 2.2 acres at the Bighorn Golf Club pushes our Luxury Home prices to anotehr level.
A sale of this magnitude, in this market, lends some weight to the theory that the market is very strong at the very top. Luxury Homes in the Valley have continued to sell, although many have experienced drops of approx. 35% from the housing peak days of 2005-2006. When a great value comes up, or a luxury home that someone has been watching..it get sold! Luxry Sales across the Valley are on the rise. Other gated, golf course communities seeing increased sales are The Hideaway Golf Club, The Tradition Golf Club, and The Madison Club to name a few.
Buyers waiting to move up are doing it. Buyers who have been watching the Luxury Market settle down are making the move into real estate. Investors from other countries and other States are deciding to park their money in the Valley’s real estate. 2012 looks to be a very strong year in the Palm Springs Valley!
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Are you making plans to purchase a home in the near future? If so, you might want to consider purchasing a home warranty. W
hile purchasing a home warranty is not a requirement, many homeowners find that having one provides them with the peace of mind they need when buying a home.
After all, who wants to worry about making repairs shortly after making a home purchase?
Despite the relatively low cost of purchasing a home warranty, having one in place offers a number of benefits. As is the case with many Austin homes for sale, you can even negotiate the cost of the warranty into the selling price of the home. That end, here is a look at five advantages of a home warranty.
Advantage #1: Make Repairs for Less
Clearly, the greatest advantage to a home warranty is the fact that it covers the cost of repairing systems that are included in the warranty. Items that are typically covered in home warranties include the sump pump, plumbing, electrical and garage door opener. The air conditioning, evaporative cooler or whole house fan are also included, as is the furnace, boiler or heat pump. Other items, such as appliances, the septic tank, the pool, the hot tub and the gas fireplace.
Advantage #2: Extend Manufacture Warranties
When a home is sold, many manufacturers void the warranties that came with the appliances included in the home. When you purchase a home warranty, however, the home warranty company will generally contact the manufacturers on your behalf. In many cases, the warranty company can get the warranty reinstated or will otherwise find a way to ensure your appliances are covered.
Advantage #3: Finding Technicians is a Cinch
When you purchase a home warranty, the warranty company will have a list of technicians available to meet your repair needs. In this way, you don’t have to worry about searching through the phone book in order to find someone to hire. With the help of the home warranty company, you eliminate the guesswork of finding someone to repair your home.
Advantage #4: Reduce Budget Concerns
When you have the peace of mind that comes with a home warranty, you don’t have to worry about your budget being stretched too thin by unexpected repairs.
Advantage #5: Sell Your Home More Quickly
If you are trying to sell a home, purchasing a home warranty can go a long way toward helping you get the home sold. In fact, the National Home Warranty Association found that homes with warranties sell 15 percent more quickly than those without.
While homeowner’s insurance is designed to protect your home in the case of theft or disaster, a home warranty covers the cost of repairing mechanical systems and appliances. As such, the two policies are able to work together to provide you with complete peace of mind in knowing that your investment is fully protected.
About The Author – Eric Bramlett is broker and co-owner of One Source Realty, a boutique Downtown Austin condos firm, and specializes in Steiner Ranch real estate.
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