It's been a few months since my last Blog. It is time, now to start again. There's so much to do. I want to help.

The Desert Resort Cities of Southern California (The Coachella Valley)

It's Time To Rethink Buying A New Home......NOW

You've been wanting to move to the Coachella Valley - to one of the wonderful desert resort cities –Palm Springs, Palm Desert, Indian Wells, Rancho Mirage, La Quinta and others……… but the negative market news has you running scared and holding back. You've been advised to hold off - the market is declining, you don't want to overspend - you want a bargain, but you’d just love to move into the comforts of a new home in a beautiful community in Southern California’s incomparable desert resort cities.

In many of the desert resort cities now, it is time to rethink holding back and really consider what is available and what your future plans are. Yes, you’ve heard me right. An Appraiser is telling you, perhaps NOW is the time to buy.

Understand, I predicted this downturn over 4 years ago when other Brokers/Agents (yes, I am also a licensed Broker) were telling their clients the values will never go down. Arrgh! I’ve been studying and predicting the up and down cycles and property values in the Coachella Valley for over 20 years and researched even further back– I am a Certified Residential Appraiser and Broker. But what do I know?

In many of the Coachella Valley cities and their individual gated and/or named developments and country clubs, the properties have dropped substantially from the early to mid 2006 prices. There are NOW some really (I mean REALLY) good buys out there - but that is all depending on what your future plans are.

If you hope to buy a second home and rent it out for a couple of years and then sell it. Don't buy now. Also, it's not the time for "buying and flipping" either. It's the time for real buyers who want their own primary or second homes that they can use and enjoy......and for incredible prices!

If you are looking for a long term retirement home or second home that you plan to use for at least five (5) years, now is the time to look around, but get some really sharp and honest help.

If you were to buy a home between now and, say, September 2009, with a view to moving in or using it for the next five (5) years or more, and the value dropped another 10% before September, it wouldn't matter. Did I just say that? Yup!

Every Market is cyclical. Take it from someone who's been predicting the Coachella Valley Market for over 20 years and getting it right. I predicted this down turn, four years ago, blogging about it and writing articles, when some agents were boasting to would-be clients, the Market will never turn back from its meteoric rise. ("Inflationary spiral" would have been more of a truthful description).

If you have good credit and if you buy NOW or very soon from NOW, you might secure one of the most amazingly low interest rates in history. This would counteract any further slight loss in value between now and, arbitrarily, say, September.

The banks are all complaining - they are being told by the Feds to build up their money reserves - and how will they do it? Not necessarily from government hand outs, but BY RAISING THE INTEREST RATES TO EARN MORE MONEY. Holding out for cheaper housing prices will most probably be negatively offset by future potentially substantial increases in mortgage interest rates. I can remember when buyers were thrilled to get 9 and 10 percent interest rates after a previous downturn, turned back up.

As the market is cyclical and as we are approaching the low curve of this particular cycle of housing values, Now might be a super time to get out there with a very trusted professional, on your side, and find the perfect property, for that almost ideal price - so you can move in, enjoy the property to its fullest and sit back and wait for the market cycle to turn up.

If it is a retirement home, you'll (with all good luck) live through several of these repeating "up and down Market Cycles" in the home of your dreams.

If you want to move on, after five years or so, everything points to being able to sell a property you bought in this low cycle and at a low value - during the next up cycle, at a substantial increase in equity value.

I'd love to chat with you further about this - give me a call or email me. I have several people for whom I am already searching out that "special property" to meet their very specific needs and desires, and I'd love to help you too. As a Certified Residential Appraiser I can research the values and pin-point the Current Market Value of anything that at first sounds ideal, then as a Broker I or my associate Broker can assist you, as a pre-qualified buyer, to make a fair and equitable offer and back you up through every stage to successful completion of the transaction. You will have every aspect of the valuation and purchase processes explained and be absolutely satisfied - or no offer made. This is your life, your decision, your future - we are here to make it your easiest, happiest and most successful decision.

email Barry Noble at bnoble@dc.rr.com

(760) 992-9523         fax (760) 502-2507