Sales are slower in the Coachella Valley right now; good time for sellers to carry!
What’s selling in the Coachella Valley??? This is a crazy market right now. There are so many factors at play in the real estate market right now. First, the election. I’ve found during my 23 years of selling Coachella Valley real estate that every 4 years, the market gets stuck. Why? Nobody knows for sure, but I think some buyers are waiting to see if there will be tax cuts coming, and they are also waiting to see what happens with the wars. Then add the economic questions and buyers are tentative. Add to this the fact that sellers are stubborn about their ask prices. Sales were so strong the past 2 years in our Coachella valley real estate market that sellers have become very confident. If you are looking to buy or sell land, ranches, residential, investment property or equestrian property, give local agent, Kim Kelly a call at 760-285-3578.
I am doing alot of showing and educating as to what’s available for sale in different areas of the Coachella Valley. One fact that remains consistent throughout the different types of real estate opportunities is that a superior product will ALWAYS sell. Whether it’s a parcel of vacant land, a home in a golf course community, a home on a parcel of land, or a multi acre event site, a product that has a superior location, views, sunlight is going to sell. The only hitch might be if the sellers are inflexible. In a strange market where the buyers are watching and not jumping, sellers MUST be open to “creative sales options.” What does that mean?? It means that sellers should look at ALL offers, even low ones, and be creative with terms.
I’m finding that if my sellers are thoughtful and willing to work with buyers, even difficult properties are still selling in this market. More of my sellers are willing to carry a note with a good down payment than in a smoking hot market where there are multiple buyers. Lenders are offering to buy down mortgages to inspire more buyers to write offers, and qualify for loans. Sellers..be creative and open if you really want to sell! Enjoy the tour below of a recently sold home at Victoria Falls in Rancho Mirage. I have more!
