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  • Cathi & Ben Walter
  • Sales & Marketing Specialist, Realtor
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • F:
  • E: Cathi@DesertAreaHomeFinder.com
  • DRE# 01346930
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A Message From Cathi & Ben...

We hear similar stories repeated in different ways from our clients; At first, they look forward to stolen weekend's to golf & relax in the desert - they gradually discover they're crafting ways to spend more time here until it becomes clear, life just doesn't get any better than this."

Once that realization hit's, the process of change begins... We know what an extraordinary commodity your home is - buying or selling a home can be one of the most important decisions you will make and having the right team on your side will make the difference.

We specialize in homes throughout the Palm Springs Valley including Palm Desert Real Estate & Homes, Indian Wells Real Estate & Homes, La Quinta Real Estate & Homes, Rancho Mirage Real Estate & Homes, Palm Springs Real Estate & Homes& Indio Hills Real Estate & Homes. Whether you want to buy or sell an estate, lock & leave property with income potential, a resort property, land to build your dream home, or a property located in a country club or golf community we know the desert and are here to help. Our motto, If its important to you, it's important to us, guides us as we help our clients buy or sell a home in the desert.

Thank you for visiting DesertAreaHomeFinder.com, we hope you find our site helpful and we look forward to speaking with you it's easy, just click on the picture of a cell phone in the upper right corner of this web site and it will ring our cell phone directly.

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2019 Coachella Valley Golf Course Over Seeding Schedule

2019 Coachella Valley Golf Course Over Seeding Schedule

Coachella Valley Over Seeding ScheduleYIKES!  Are you waiting for the grass to grow while all the Coachella Valley Golf Courses close for Over Seeding?

 

 

 

 

Not to worry, we have the 2019 Coachella Valley Golf Course Over- Seeding Schedule here!

If you’re unfamiliar with the Phenomenon of our Desert Golf Course Over Seeding, here are the basics of what you will see happening on our local courses over the next couple of months.

2019 Coachella Valley Golf Course Over Seeding Schedule

Coachella Valley Golf Course Over Seeding Schedule for 2019

Currently, our local golf courses have warm-weather Bermuda grass on the fairways and tees and almost every course in the desert has some Bermuda on their greens.

Bermuda grass goes dormant and turns brown during the cooler winter months. So to keep the courses green and playable, they cut the Bermuda grass so short it’s mostly dirt, then spread tons of winter rye grass seed, add lots of water, and wait for it to grow. Golf Course Superintendents would prefer 4+ weeks of growth before turning out golfers. But the pressure to re-open as soon as possible during peak season, most courses will open with “cart path only” rules, within 3 weeks trying to limit the wear and tear on the new growth.   During the over seeding process and while waiting for the winter rye to take hold well enough to stand up to play, the courses will close during the grow-in period.

 

2019 Coachella Valley Golf Course Over Seeding ScheduleNo need to miss a day of great golf, here is the 2019 Coachella Valley Golf Course Over Seeding Schedule for most of the Golf Courses in Valley.

 

 

2019 Coachella Valley Golf Course Over Seeding Schedule –
PALM DESERT
See All Palm Desert Golf Course Properties HERE

Avondale Golf Club Over Seeding ScheduleAvondale Golf Club
Closes 10/1/19
Re-Opens for Golf 11/9/19

 

 

 

BIGHORN Golf Club Over Seeding ScheduleBIGHORN Golf Club
Mountains Course
Closes 10/7/19
Re-Opens for Golf 11/2/19

 

BIGHORN Golf Club – Canyons Course
Closes 10/7/19
Re-Opens for Golf 11/2/19

 

Chaparral Country Club Over Seeding ScheduleChaparral Country Club
Closes 9/22/19
Re-Opens for Golf 11/2/19

 

 

 

Classic Club Golf Golf Club Over Seeding ScheduleClassic Club
Closes 1/14/19
Re-Opens for Golf 11/16/19

 

 

 

Desert Falls Coutry Club Over Seeding ScheduleDesert Falls Country Club
Closes 10/7/19
Re-Opens for Golf 11/6/19

 

 

Desert Willow Golf Resort Over Seeding ScheduleDesert Willow Golf Resort
Firecliff
Closes 9/23/19
Re-Opens for Golf 10/25/19

 


Desert Willow Golf Resort – Mountain View

Closes 11/11/19
Re-Opens for Golf 12/26/19

 

Indian Ridge Country Club Over Seeding ScheduleIndian Ridge Country Club
Arroyo Course
Closes 9/23/19
Re-Opens for Golf  11/7/19

 

 


Indian Ridge Country Club – Grove Course

Closes 9/30/19
Re-Opens for Golf 11/7/19

 

Ironwood Country Club Over Seeding ScheduleIronwood Country Club
North Course
Closes 10/13/19
Re-Opens for Golf  11/15/19

 

 


Ironwood Country Club – South Course

Closes 10/2/19
Re-Opens for Golf  11/4/19

 

The Lakes Country Club Over Seeding ScheduleThe Lakes Country Club
All Courses: East, South, North
Close 10/6/19
Re-Opens for Golf 11/14/19

 

 

 

Marrakesh Country Club Over Seeding ScheduleMarrakesh Country Club
Closes 9/28/19
Re-Opens for Golf 11/8/19

 

 

 

Monterey Country Club Over Seeding ScheduleMonterey Country Club Over Seeding ScheduleMonterey Country Club
South Course
Closes 10/7/19
Re-Opens for Golf 11/11/19
West Course
Closes 10/14/19
Re-Opens for Golf 11/18/19

Monterey Country Club – East Course

Closes 9/30/19
Re-Opens for Golf 10/28/19

 

Oasis Country Club Over Seeding ScheduleOasis Country Club
Closes 9/23/19
Re-Opens for Golf 11/2/19

 

 

 

 

Palm Desert Country Club Over Seeding SchedulePalm Desert Country Club
Closes 9/22/19
Re-Opens for Golf 10/18/19

 

 

 

 

Palm Desert Greens Over Seeding SchedulePalm Desert Greens
Closes 10/7/19
Re-Opens for Golf 11/11/19

 

 

 

 

Palm Desert Resort Over Seeding SchedulePalm Desert Resort
Closes 9/15/19
Re-Opens for Golf 10/25/19

 

 

 

Palm Valley Country Club Over Seeding SchedulePalm Valley Country Club
Challenge Course
Closes 10/23/19
Re-Opens for Golf 11/20/19

 

 

 

Palm Valley Country Club – Championship Course
Closes 10/14/19
Re-Opens for Golf 11/16/19

 

Shadow Mountain Golf Resort Over Seeding ScheduleShadow Mountain Golf Resort
Closes 9/23/19
Re-Opens for Golf 11/23/19

 

 

 

 

Shadow Ridge Golf Resort Over Seeding ScheduleShadow Ridge Golf Resort
Closes 9/30/19
Re-Opens for Golf 10/26/19

 

 

 

Stone Eagle Golf Club Over Seeding ScheduleStone Eagle Golf Club
Closes 9/30/19
Re-Opens for Golf 11/8/19

 

 

 

Sun City Mountain Vista Golf Club Over Seeding ScheduleSun City Mountain Vista Golf Club
San Gorgonio
Closes 10/28/19
Re-Opens for Golf 11/25/19

 

 

Sun City Mountain Vista Golf Club – Santa Rosa
Closes 9/23/19
Re-Opens for Golf 10/28/19

 

Woodhaven Country Club Over Seeding ScheduleWoodhaven Country Club
Closes 10/6/19
Re-Opens for Golf 11/9/19

 

 

_________________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –
INDIAN WELLS

See All Indian Wells Golf Course Properties For Sale HERE

Desert Horizons Country Club Over Seeding ScheduleDesert Horizons Country Club
Closes 9/23/19
Re-Opens for Golf 11/9/19

 

 

 

Eldorado Country Club Over Seeding ScheduleEldorado Country Club
Closed for Summer
Re-Opens for Golf 11/1/19

 

 

 

Indian Wells Country Club Over Seeding ScheduleIndian Wells Country Club
Classic Course
Closes 10/7/19
Re-Opens for Golf  11/8/19

 

 

Indian Wells Country Club – Cove Course
Closes 9/23/19
R-Opens for Golf  10/26/19

 

The Reserve Club Over Seeding ScheduleThe Reserve
Closes 9/18/19
Re-Opens for Golf 11/8/19

 

 

 

Toscana Country Club Over Seeding ScheduleToscana Country Club
South Course
Closes 9/30/19
Re-Opens for Golf  11/9/19

 

 

Toscana Country Club – North Course
Closes 9/30/19
Re-Opens for Golf  11/9/19

 

Vintage Club Over Seeding ScheduleVintage Club
Closes 9/16/19
Re-Opens for Golf  11/8/19

 

 

 

Indian Wells Golf Resort Over Seeding ScheduleIndian Wells Golf Resort
Players Course
Closes 9/23/19
Re-Opens for Golf 10/12/19

 

 

 


Indian Wells Golf Resort – Celebrity Course

Closes 10/14/19
Re-Opens for Golf 11/1/19

_______________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –
LA QUINTA

See ALL La Quinta Golf Course Properties For Sale HERE

Andalusia Golf Club at Coral Moutain Over Seeding ScheduleAndalusia Golf Club at Coral Mountain
Closes 9/30/19
Re-Opens for Golf 11/8/19

 

 

 

Citrus Club Over Seeding ScheduleCitrus Club
Closes 9/30/19
Re-Opens for Golf 10/31/19

 

 

 

 

Golf Club at La Quinta Over Seeding ScheduleGolf Club at La Quinta
Closes 9/23/19
Re-Opens for Golf 11/4/19

 

 

 

Hideaway Golf Club Over Seeding ScheduleHideaway Golf Club at La Quinta
Pete Dye Course
Closes 9/23/19
Re-Opens for Golf  11/9/19

 


Hideaway Golf Club at La Quinta – Clive Clark Course

Closes  9/30/19
Re-Opens for Golf  11/16/19

 

La Quinta Country Club Over Seeding ScheduleLa Quinta Country Club
Closes 10/1/19
Re-Opens for Golf  11/8/19

 

 

 

La Quinta Resort and Club Over Seeding ScheduleLa Quinta Resort and Club
Dunes Course
Closes 9/23/19
Re-Opens for Golf  10/17/19

Mountain Course
Closes 10/22/19
Re-Opens for Golf  11/15/19

 

 

Mountain View Country Club Over Seeding ScheduleMountain View Country Club
Closes  9/30/19
Re-Opens for Golf 11/6/19

 

 

 

 

The Palms Golf Club Over Seeding ScheduleThe Palms Golf Club
Closes 9/16/19
Re-Opens for Golf 11/14/19

 

 

 

PGA West Resort Over Seeding SchedulePGA West Resort Courses – Public
Nicklaus Tournament Course
Closes 9/30/19
Re-Opens for Golf 10/25/19

Greg Norman Course
Closes 10/28/19
Re-Opens for Golf 11/22/19

PGA West Resort – TPC Stadium Course
Closes 10/7/19
Re-Opens for Golf  11/1/19

 

Club at PGA West Palmer Over Seeding ScheduleThe Club at PGA West – Private
Nicklaus Private Course
Closes 9/23/19
Re-Opens for Golf  10/25/19

Palmer Course
Closes 10/18/19
Re-Opens for Golf  11/19/19

 

 

The Club at PGA West – Private – Weiskopf Course
Closes  9/16/19
Re-Opens for Golf  10/18/19

 

Madison Club Golf Course Over Seeding ScheduleThe Madison Club
Closed for Summer
Re-Opens for Golf 11/13/19

 

 

 

The Quarry at La Quinta Golf Course Over Seeding ScheduleThe Quarry at La Quinta
Closes  9/30/19
Re-Opens for Golf  11/8/19

 

 

 

 

Rancho La Quinta Country Club Golf Course Over Seeding ScheduleRancho La Quinta Country Club
Jones Course
Closes 10/7/19
Re-Opens for Golf  11/9/19


Rancho La Quinta Country Club – Pate Course

Closes 9/30/19
Re-Opens for Golf  11/9/19

Silver Rock Resort Golf Course Over Seeding ScheduleSilver Rock Resort
Closes 10/7/19
Re-Opens for Golf  11/5/19

 

 

 

Tradition Golf Club Golf Course Over Seeding ScheduleTradition Golf Club
Closes 9/28/19
Re-Opens for Golf  11/16/19

 

 

_______________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –
PALM SPRINGS

See All Palm Springs Golf Course Properties HERE

Escena Golf Club Overseeding Schedule 2019Escena Golf Club Palm Springs
Closes for Over Seeding  – 9/30/19
Re Opens for Golf – 11/1/19

 

 

 

 

 

Mesquite Golf and Country Club Over Seeding Schedule

Mesquite Golf and Country Club
Information not available

 

 

 

 

Seven Lakes CC Over seeding Schedule

Seven Lakes Country Club
Closes for Over Seeding 9/11/19
Re-Opens for Golf 10/31/19

 

 

Tahquitz Creek Golf Resort Over Seeding Schedule

Tahquitz Creek Golf Resort
Legend Course

Closes 10/12/19
Re-Opens for Golf 11/12/19
Resort Course
Closes 9/9/19
Re-Opens 10/12/19

 

O'Donnell Golf Club Over Seeding ScheduleO’Donnell Golf Club
Closes 9/30/19
Re-Opens for Golf 11/1/19

 

_______________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –

RANCHO MIRAGE

See ALL of the Golf Course Homes for Sale in Rancho Mirage HERE

Mission Hills Country Club Golf Course Over Seeding ScheduleMission Hills Country Club –
Dinah Shore Tournament Course

Closes 10/14/19
Re-Opens for Golf  11/10/19

Mission Hills Country Club – Palmer Course
Closes  10/2/19
Re-Opens for Golf  11/4/19
Mission Hills Country Club – Pet Dye Course
Closes 10/31/19
Re-Opens for Golf  11/29/19

 

The Club at Morningside Golf Course Over Seeding ScheduleThe Club at Morningside 
Closes  9/23/19
Re-Opens for Golf  11/7/19

 

 

 

Omni Rancho Las Palmas Golf Course Over Seeding ScheduleOmni at Rancho Las Palmas
North Course

Closes
Re-Opens for Golf

South Course
Closes
Re-Opens for Golf

Omni at Rancho Las Palmas – West Course
Closes
Re-Opens for Golf

 

The Springs Country Club Golf Course Over Seeding ScheduleThe Springs Country Club
Closes 9/29/19
Re-Opens for Golf  11/7/19

 

 

 

Sunrise Country Club Golf Course Over Seeding ScheduleSunrise Country Club
Closes  10/1/19
Re-Opens for Golf  11/8/19

 

 

The S at Rancho Mirage Golf Course Over Seeding Schedule

The S at Rancho Mirage
Closes 9/29/19
Re-Opens for Golf  11/8/19

 

Tamarisk Country Club Golf Course Over Seeding ScheduleTamarisk Country Club
Closes 10/1/19
Re-Opens for Golf  11/1/19

 

 

Thunderbird Country Club Golf Course Over Seeding ScheduleThunderbird Country Club
Closes 9/30/19
Re-Opens for Golf 11/1/19

 

 

 

Westin Mission Hills Pete Dye Golf Course Over Seeding ScheduleWestin Mission Hills
Pete Dye Course
Closes 10/12/19
Re-Opens for Golf  10/31/19

Gary Player Course
Closes  11/1/19
Re-Opens for Golf  11/21/19

_______________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –
INDIO

See ALL of the Golf Course Homes for Sale in Indio HERE

Heritage Palms Golf Club Golf Course Over Seeding ScheduleHeritage Palms Golf Club
Closes 9/29/19
Re-Opens for Golf  11/1/19

 

 

 

Indian Palms Country Club Golf Course Over Seeding ScheduleIndian Palms Country Club – Three Nine’s 
Rotating – 18 Holes Always Open

 

 

 

 

Big Rock at Indian Springs Golf Course Over Seeding ScheduleBig Rock Golf Course at Indian Springs  
Closes 10/13/19
Re-Opens for Golf   11/6/19

 

 

 

 

 

Golf Club at Terra Lago Golf Course Over Seeding ScheduleGolf Club at Terra Lago
South Course
Closes 9/6/19
Re-Opens for Golf 10/12/19

 

Golf Club at Terra Lago –
North Course
Closes 10/13/19
Re-Opens for Golf  11/8/19

 

Platation Golf Club Indio Over Seeding Schedule

Plantation Golf Club
Closes 9/23/19
Re-Opens for Golf  11/15/19

 

 

 

 

Shadow Hills Golf Club Golf Course Over Seeding ScheduleShadow Hills Golf Club
Closes 10/7/19
Re-Opens for Golf  11/1/19

 

 

 

 

 

_______________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –
BERMUDA DUNES

Bermuda Dunes Country Club Golf Course Over Seeding Schedule

Bermuda Dunes Country Club
Closes  9/30/19
Re-Opens for Golf  11/4/19

 

______________________________________

2019 Coachella Valley Golf Course Over Seeding Schedule –
CATHEDRAL   CITY
See ALL of the Golf Course Homes For Sale in Cathedral City HERE

Desert-Princess-Country-Club Golf Course Over Seeding ScheduleDesert Princes Country Club
Closes 9/29/19
Re-Opens for Golf  11/1/19

 

 

 

 

Cathedral Canyon Golf Club Golf Course Over Seeding ScheduleCathedral Canyon Country Club
Closes
Re-Opens for Golf

 

 

 

 

Cimarron Golf Resort Golf Course Over Seediing ScheduleCimarron Golf Club
Closes
Re-Opens for Golf

 

 

 

 

The Coachella Valley is home to some of the Top Rated Golf Courses in the Country and the lifestyle is second to none.

We specialize in Golf Resort Properties, if you’ve been thinking about buying a Golf Get Away, we have the property for you.
Call Today for our Golf Resort Property Best Buy List!  (760) 218 – 5752

Cathi and Ben Walter - DesertAreaHomeFinder

 

 

Buying or Selling a Home with Solar Panels

Buying or Selling a Home with Solar Panels

Buying or Selling a Home with SolarMore than a 12 million homeowners across the U.S. added solar systems to their homes in 2018.  As solar systems have become more efficient and less expensive, they’ve become more popular with homeowners.

 

 

If you’re Buying or Selling a Home with Solar Panels, there are unique benefits and challenges you will want to know about

If you’re Buying or Selling a Home with Solar Panels how do you determine what value the solar system adds to the sale price?  In a recent study from Lawrence Berkeley National Labs, a research lab affiliated with the DOE, they found homes with solar sell for 4.1% more than homes without solar systems. The study found that home buyers are willing to pay a premium for systems that are owned.

The same is not true for leased solar systems. The home value premium only applies to homes with “host-owned” PV,(aka photo voltaic systems).  In other words, if you own your solar system vs leasing the panels from a solar company.

The study also found, just because you spend more on a larger PV system, the premium on the resale value may not scale to match the investment. Smaller systems for more modest homes return a higher margin on the investment when the home hits the real estate market.

When weighing the cost vs the benefit – the determining factor will be the ROI, how long it takes to recoup the hefty up-front investment. Through energy savings, tax credits, and the potential increase in your home’s value at time of sale.

There are many factors that influence a solar system’s true value, including the age, size, and power output of the system. No two solar systems are alike, which is why appraisers need to value each system independently.

One of the biggest gotchas of buying or selling a home with a rooftop solar system has to do with who owns the system and that depends how the system was purchased.

There are for ways to purchase solar panels:
Cash Purchase, Loan, Lease or Power Purchase Agreement. 

Buying or Selling a Home with SolarCash Purchase
Homeowners who purchase a solar system outright with cash own the system. That’s the simplest scenario in a real estate transaction. A solar system purchased outright is considered “real property,” in real estate parlance, or a fixture of the home, and can therefore be appraised as part of the home’s value.

 

Buying or Selling a Home with SolarLoan
The same applies to a system that was purchased with a loan that has since been paid in full. That system belongs to the homeowner. If, however, the homeowner is still making payments toward a loan, ownership will depend on the contract the homeowner signed with the lender. Most lenders allow the homeowner to claim ownership while they make payments. These systems can be appraised as part of the home’s value.

Other lenders may place either a lien or UCC-1 Filing (part of a legal set of rules that allow creditors to secure assets as collateral in the event of default by claiming third-party ownership) on the system. UCC-1 filings are technically not liens, but are often treated by title companies as a lien. If the system is secured with a lien or UCC-1, the lender may claim ownership of the system, which may therefore impact whether or not the system can be included in the appraised value of the home. Appraisal practices and underwriting guidelines continue to evolve as rooftop solar becomes more common, so be sure to work with your lender and title company to understand the specific guidelines in your area.

It’s also worth mentioning that sellers are on the hook to pay off any loan tied to a property prior to a sell. Solar is no different. Sellers are ultimately responsible for paying off their loan obligation as part of the sale or through other means if the buyer is not willing to take over the loan, and may want to adjust their asking price accordingly.

Buyers who are willing to take over the loan on the solar energy system will need to qualify concurrently for both a mortgage and a loan for the system, which may affect their debt-to-income ratio.

Buying or Selling a Home with SolarPower Purchase Agreement, (PPA) or Lease
Under a Power Purchase Agreement or Lease, the homeowner pays for the right to use the system for a specified period of time, but does not actually own the system. The system is owned by the solar provider, who typically places a UCC-1 Filing against the system as described above. Systems financed in this way are owned by a third party (not the homeowner) and cannot contribute to the appraised value of the property.

Sellers with a solar system obtained through a Power Purchase Agreement or lease must either transfer their systems to their new residence or “buyout” their contract. The specifics vary by solar provider, so be sure to read your contract.

Buyers looking to purchase a property with either of these types of agreements should obtain a copy of the solar contract tied to the property and decide if they are willing to take the contract. This process may add to the timeline, but may be worth the effort. Power Purchase Agreements and solar leases are a way to take advantage of the benefits of solar with little or no up-front costs. The rates are typically lower and fixed for a specified term.

BRINGING IT ALL TOGETHER

Buying or Selling a Home with Solar

Buying or Selling a Home with Solar Panels – Tips for Buyers

  • If buying a home with a solar system is high on your wish list, make sure your agent knows that.
  • Work with agents, lenders, and title companies trained or at least familiar with rooftop solar whenever possible.
  • Ask your agent or title company to check if a UCC-1 Filing (a lien) has been placed on the system. If there is, you will need to work with your agent, title company, solar provider, and the property owner to determine how you will negotiate the UCC-1 Filing as part of the deal.
  • If the system is tied to a Power Purchase Agreement or a lease, make certain you understand the risks and obligations of the contract before taking it over. You can also request the system be removed by the seller as part of the deal, assuming the seller is in a position to do so.
  • If the seller is still making payments on the loan for the solar energy system, work with your agent to decide if you will take over the loan or ask the seller to pay off the loan as part of the deal. Remember, if you intend to take over the loan, you must qualify for both the solar loan and your mortgage.
  • Ensure the appraiser accurately accounts for the value of the system. The appraisal validates the system’s value should you need to sell the property in the near future.
  • Allow extra time in your purchase contract for the closing date.  There can be a lot of moving parts when trying to completely understand the details, negotiate who will pay, etc

If you have solar installed on your Desert home and unsure how the solar impacts the value of your home for the current real estate market, give us a ring – we’re happy to help.

Buying and Selling a HomeBuying or Selling a Home with Solar Panels – Tips for Sellers

  • Work with agents, lenders, and title companies trained or at least familiar with rooftop solar whenever possible.
  • Get a jump start on the process, collect all of your system’s documentation together, along with 4 – 6 months of your most recent electric bills, and share those with your agent.
  • If you acquired your solar system through a Power Purchase Agreement, a Lease, or through a Loan; check to see if there is a UCC-1 Filing placed on the system. If there is, work with your agent,  title company, solar provider, and the buyer to determine the best way to negotiate the UCC-1 Filing as part of the deal.  Rarely, but possibly, the solar provider or finance company may be willing to provide a “subordination agreement”.  Taking 2nd position behind a 1st mortgage, if the buyer is willing to take over the contract.  This would be an exception not the rule.
  • If you’re still under contract with a Power Purchase Agreement, or Lease, or if you are still making loan payments be prepared to buy out your contract if the buyer is not willing to take ownership of the contract.  If the market is strong, you may be able to adjust your asking price to account for the added expense or search for a buyer willing to take the contract.
  • Ensure the appraiser accurately accounts for the value of the system. Remember, $0 valuations must be supported with sufficient evidence.
  • Chances are, potential buyers aren’t looking at your house just because of the solar panels and people unfamiliar with solar panels won’t know about the added value, so it’s important for you and your agent to explain this value. The appraisal can help with that, but a knowledgeable real estate agent will be an important part of this.  Be prepared to share past electric bills to demonstrate the savings you enjoy as a result of your solar energy system.

If you have solar installed on your Desert home and unsure how the solar impacts the value of your home for the current real estate market, give us a ring – we’re happy to help.

Final Thoughts
Buying a home with Solar, or installing solar on your home is generally a sound investment; If you live in your home for the duration of the warranty, you can expect a grid tie system to pay for itself 2-3 times over. With tax breaks and energy savings.

Even if you decide to move before the warranty is up, you still come out ahead. The value of the system can translate into a higher sale price when your home hits the market. That premium is typically enough to cover the cost of the hardware; which is a break even on the solar investment.

If you’re looking at purchasing a home with solar, and not sure what the price premium actually is, give us a ring we’re happy to help.

Desert Real Estate Market Update

The Coachella Valley Real Estate Market is Strong. 

When we look at prices now compared to one year ago, we see that detached home prices are up 4.6% and attached home prices are up 7.3% from last year.  Eight of Nine Valley cities saw a price increase.

Detached and Attach Home Prices by City

The total number of sales have slowed a bit from last year, down about 5.3%. Detached homes were down about 4% while Attached homes, which saw a bigger price increase, has had a bigger dip in the number of sales, down about 7.6%.

Number of Home Sales for Detached and Attached

When we look at the number of sales by Price Range, we see that the majority of the sales are between $200,000 – $500,000.  The largest dip in number of sales is in the $800,000 – $1m price range, then picking up again over $1m.  However, when we compare the number of sales year over year by price bracket, we see that the largest dip in the number of sales in 2019 was below $400,000. From $500,000 and up the number of sales were at about par over last year.

Number of Sales by Price Range

Currently there are about 3,600 homes listed for sale in the Valley, about the same as this time last year. This is a seasonal market; you can see the pattern on the chart below.  We reach our lowest inventory levels in September every year and gradually increase to an annual peak in February and March.

Housing Inventory

Breaking down the inventory levels; it’s no surprise that the lowest inventory levels are in the $200,000 – $400,000 price range.  The month’s supply starts climbing over $500,000. Based on the current number of homes listed for sale divided by the number of sales each month, if no new inventory entered the market, we see there is a 6 month supply in the $500,000 – $600,000 range.  About a 7 month supply for homes priced between $700,000 – $900,000 and a 13 month supply for homes priced over $1m.

Months Supply by price range

Based on price trends, the number of sales, inventory levels and low interest rates, we can say the Coachella Valley Real Estate Market is Strong.  The trends we see suggest that we will continue to see a strong real estate market throughout 2019 and into 2020.

If you would like more detailed market information about your city, your community, or your home specifically, give us a ring – we’re on standby to help.   (760) 218 – 5752

Palm Springs Modernism Week 2019

Modernism Week

Palm Springs Modernism Week 2019 returns for another year to revel in the beautiful, simplistic Mid-Century Modern movement. Modernism Week 2019 is a 10-day celebration of all things Modern in the mecca of “MCM,” Palm Springs. This signature event happens every February, gathering tens-of-thousands of Modernism enthusiasts from around the world to celebrate the form in all its glory, from sleek architecture to iconic furniture and fashions. Over the week-plus, participants can check out a variety of home tours, the Modernism Show and Sale, lectures from prominent figures within Modernism, films on the subject, and more.

Palm Springs boasts one of the largest concentrations of Mid-Century Modern architecture in the world and is the perfect setting for Modernism Week each year. With the creative fingerprints of legendary names etched throughout the Valley, including Wexler, Neutra, Frey, and Schindler, Palm Springs has an embarrassment of riches when it comes to highly-coveted Mid-Century Modern homes and structures. Modernism Week 2019 embraces the form and celebrates its unique characteristics, and is a local event everyone should check out.

Modernism Week

The Modernism Week Show House: The Christopher Kennedy Compound will showcase a refurbished midcentury home in the Indian Canyons neighborhood of Palm Springs, with 12 leading interior designers undertaking the redesign. Tours of the home will be offered daily.

On February 15, Modernism Week will host a special dedication ceremony on the Palm Springs Walk of Stars for acclaimed interior designer Arthur Elrod (1924-1974). Elrod’s former home will also be open for a home tour and evening cocktail party on Thursday, February 21.

One of Albert Frey’s most intact residential works, the Cree House in Cathedral City, has been meticulously preserved and restored to nearly its original 1955 condition. The home, never before seen by the public, will be available for daily tours during Modernism Week.

 

Desert Real Estate Market Report

DESERT REAL ESTATE MARKET REPORT
2018 Year in Review

As we start 2019, it’s time to take look back at how the Desert Real Estate Market performed last year and look for developing trends.

Home Prices are Up

In 2018, there were 5,836 single family home sales throughout the Coachella Valley. Those homes sold at an average of $610,300 and an average of $260. / Sq Ft.  Homes that were priced correctly for the market, sold on average in 89 days.  The highest sale price in 2018 was $12,000,000 for a home located in The Madison in La Quinta.

With those statistics, we compared 2018 sales to the previous year and found that while the number of sales were down slightly overall, (2%), Selling Prices were up 10% and the price / sq ft was up 8%. The time it took to sell was down 10% from the year prior.  The highest priced home sale in 2017 was $8,700,000. for a home located in The Vintage Country Club in Indian Wells.

When we look at the performance of each individual city; prices are up across the valley with two stand-outs – Palm Desert had a 20% price increase and La Quinta had a 15% price increase.

While prices are up, inventories remain low as compared to this time of season in years past.  Historically when the  inventory of homes for sale is low, prices tend to rise due to the pressures of supply and demand.

Interest rates also play an important role in how markets perform; rates are still low despite the fact that the Fed gave us 4 rate increases in 2018.  As rates increase, buyers can afford less house for the same mortgage payment, which ultimately puts downward pressure on home prices.

But good news, rates pulled back a bit this week. Conforming loans, (up to $484,350) for a 30 year fixed rate is still just 4.47%.

The Coachella Valley has long been viewed as a destination for the soon to retire and already retired home buyers looking for an active lifestyle, but with the increase in mobile commuting, people can work from anywhere.  We’re also seeing more young home buyers who are looking for a quality lifestyle, moving to the Desert full time.  Easy Freeway and International Airport access makes that possible.

Combine the Lifestyle that only the Coachella Valley offers along with affordable home prices – the Valley is and will continue to be a destination for both full time residents, second home buyers and

We have a strong and steady real estate market here in the Coachella Valley.

If you would like more detailed information about your neighborhood specifically, drop me a line – we just finished our  2018 “Year in Review” Market Report, I’m happy to send you a copy.

Cathi Walter
Broker Associate with Bennion Deville Homes
(760) 218-5752
Cathi@DesertAreaHomeFinder.com

 

The Real Estate Corner Desert Market Update

The Real Estate Corner Desert Market Update

NUMBER OF SALES
September_2018_Home_Sales_by_City

Home sales are up Valley-wide.  The total three-month sales are up 2.9%.  On a city by city basis, six cities show higher sales, with three; Palm Desert, Desert Hot Springs and Palm Springs showing the largest increase in sales.

The three cities with the largest sales declines are Indio, Indian Wells and Cathedral City.

INVENTORY OF HOMES FOR SALE

September_Inventory

While home sales are up, inventories are down.  Typically our inventories dip to to their lowest point every year toward the end of September, but this year inventories are even lower.

Low inventory acts as both a positive and negative; it’s positive for sellers and future home sellers as it tends to move home prices higher.  But, it’s also a negative in that low inventory puts the brakes on the number of sales. If interest rates continue to increase, that can put a damper on sales as the cost of borrowing money for a mortgage becomes more expensive.

MONTHS SUPPLY OF HOMES FOR SALE BY CITY

Months_of_Supply

The month’s of supply ratio is down valley-wide compared to one year ago in every city.  Most have less than 4 month supply except two; La Quinta which currently has a 4.5 month supply and Indian Wells with a 6 month supply of homes to sell.

MONTHS SUPPLY OF HOMES FOR SALE BY PRICE BRACKETS
When we look at the supply of homes by price category, we see the supply is lower across all price brackets compared to one year ago.  The biggest change is homes priced above $800,000.  Last year the higher price points were taking 7.5 months – 1 year to sell.  Now, it’s taking on average 5.3 – 8 months

Months_Supply_by_Price_Range

The tipping point when using this metric is 6 month’s.  6 months is considered a “Balanced Market”, not particularly favoring either Home Buyers or Home Sellers.  Less than 6 months, the market is tipped in the Sellers favor, otherwise known as a “Sellers Market”.  More than 6 month supply is viewed as a “Buyers Market”.

As home prices or the cost of buying a home, (rising interest rates), increase – sales will start to slow putting downward pressure on pricing.  Markets are always in a state of flux, moving from one market to another and rarely stopping at “balanced” for long.

While there is typically a lag period between market shifts, the lag time is shorter as the number of sales are increasing.  Home sellers quickly see an improving market and strive to maximize the price they can ask.  When prices increase too fast or too far ahead of sales, potential home buyer’s become reluctant to make offers, fearing they could be buying at the peak.

DISCOUNT FROM ASKING PRICE

Sale_price_discount_from_asking_price

In 2018, when negotiating a sale price with buyers; home sellers are discounting their listed price an average of 2%.  One year ago, sellers needed to discount an average 2.4% off their asking price to close a sale.

For example, this ratio means if a home is listed at $400,000 it’s selling at an average of 98% of their asking price, or $392,000. a discount of $8,000. This metric also shows a strong and improving real estate market here in the Desert.

When we look at the story each of these metrics are showing for the Desert Real Estate Market, we can see an improving but pretty balanced market.  In addition, we can see that the market has had and continues to show sustained growth. Making now the right time to be a participant in the market.

The Desert Lifestyle is unlike any other, as we head into our season now is a great time see what the Desert has to offer.  Check out these FAB Desert Homes!

 

Summer Desert Market Report

Desert Summer Market Report

Summer Desert Market Report  – Median home prices rose for the 8th straight month. Up 9.6% from last year. The hottest cities for sales by volume were Palm Desert (233), Palm Springs (213), La Quinta (156), Indio (131), Rancho Mirage (97). Each city and each community has its own story some communities have seen huge growth, while others are relatively flat. The cities that had the largest price increases, have seen the number of sales flatten, which tells us that prices were getting ahead of the market.

Inventories are down again putting upward pressure on pricing. Overall the desert has seen a decline in the time it’s taking to sell, nicely presented homes in a good location and priced well are selling quickly. Currently there is a 3 month supply of homes for sale in the desert, which puts us in a “Sellers Market” as we head into season.

The Fed has indicated there will likely be two more interest rate increases before the end of the year, which could start to weigh on the market and slow sales until the shock is absorbed.

Southern California and specifically, the Coachella Valley continues to be a sought after destination for a second home get a way.

As we head into our “Season”, we expect to see continued strong home sales and price appreciation valley-wide.

How’s your neighborhood doing?  Send me an email, I’ve got the details!

1031 Exchange for Real Estate Investors

What is a 1031 Exchange and can it work for you?
Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property, and to defer capital gain taxes.

1031 EXCHANGE FOR REAL ESTATE INVESTORS – THE BENEFITS  
Whether an investor’s property is owned free and clear or encumbered, the benefits of a tax deferred exchange can be significant. The tax dollars saved by doing an exchange can be used to buy additional investment property.

An investor who exchanges is able to defer the capital gain tax and buy a replacement property worth more than the investor who simply sells and reinvests with after tax dollars.

1031 Exchange for real estate investors provides one of the best tax strategies for preserving the value of an investment portfolio.  By using an exchange, the investor is able to defer the recognition of capital gain taxes that would otherwise be due with the sale of an investment property.  To qualify as an exchange the relinquished and replacement properties must be qualified “like-kind” properties and the transaction must be structured as an exchange. 

1031 EXCHANGE FOR REAL ESTATE INVESTORS – NON TAX BENEFITS  
In addition to deferring the capital gain tax, tax deferred exchanges provide the investor with a wide range of non-tax opportunities that may suit an investor’s portfolio

  • Reposition assets
  • Change property types
  • Increase leverage
  • Increase depreciation deduction
  • Reduce management obligations
  • Provide for estate and retirement planning
  • Allow for relocation
  • Improve cash flow
  • Achieve property consolidation or diversification
  • Eliminate or create joint ownership

THE EXCHANGE PROCESS
Most exchanges, involve three parties: the investor, (exchanger), who is doing the exchange, the buyer who is buying the exchanger’s old (relinquished) property, and the seller who is selling the exchanger a new (replacement) property.  To create the exchange of assets and to obtain the benefit of the “Safe Harbor” protections of the tax code, it is wise to employ an Exchange Accomodator, or Exchange Facilitator.  This qualified intermediary becomes a fourth party principal in both simultaneous and delayed exchanges.

1031 Exchange for Real Estate Investors

1031 Exchange for Real Estate Investors

The steps for completing an exchange are relatively simple with qualified intermediary:

  • The exchanger signs a contract to sell a relinquished property to the buyer.
  • Exchanger enters into an exchange agreement with a Qualified Intermediary and assigns rights in the sale contract to the intermediary, including the right to receive the exchange funds.
  • At the closing of the relinquished property, the exchange funds are wired to the intermediary and the intermediary instructs the settlement officer to transfer the deed directly from the exchanger to the buyer.
  • The exchanger has a maximum of 180 days in the exchange period to acquire all replacement property.
  • Unless the exchanger can acquire all replacement property within the first 45 days from the close of the relinquished property, the exchanger must identify possible replacement properties in writing to the intermediary within the 45 day identification period.
  • The exchanger signs a contract to buy the replacement property with the seller and the exchanger assigns the exchanger’s rights in the purchase contract to the intermediary.
  • At the closing of the replacement property, the intermediary wires the exchange funds to complete the exchange and the intermediary instructs the settlement officer to transfer the deed directly from the seller to the exchanger.

EXCHANGE REQUIREMENTS
As a general rule of thumb, to avoid paying capital gain taxes in an exchange, the investor should always attempt to:

  1. Buy a property of equal or greater value, (net sales price).
  2. Reinvest all of the net equity in replacement property
  3. Obtain equal or greater debt on replacement property.
    *Exceptions: A reduction in debt can be offset with additional cash from exchanger, but increasing debt cannot offset a reduction in exchange equity.

Do you own an investment property and thinking about selling it to buy another that might have more cash flow or less management headaches?  We can help.  Give me a call or send me an email, let’s talk about what’s possible for your situation.
Cathi and Ben Walter
Cathi@DesertAreaHomeFinder.com
(760) 218 – 5752

 

How much income you need to buy the average home in each state

Ever wonder how much income you need to buy an average home in other areas of the country?

@HowMuch.net just published a map showing How much income you need to buy the average home in each state in the U.S.

They collected average home prices for every state from Zillow and then plugged that information into a mortgage calculator to figure out monthly payments. The interest rates used varied from 4 to 5% depending on the market, a 10% down payment, and total cost of housing not exceeding more than 30% of gross income. Using this rule as the benchmark, they calculated the minimum salary required to afford the average home in each state.

The Top Three Places Where You Need the Highest Salaries to Afford the Average Home 1. Hawaii: $153,520 for a house worth $610,000 2. Washington, DC: $138,440 for a house worth $549,000 3. California: $120,120 for a house worth $499,900 Here’s a quick snapshot of housing affordability across the United States.

Home much income do you need to buy the average home in each state; Check it out!Home much income do you need to buy the average home in each state

Home Design Trends for 2018

Home Design Trends for 2018 – Each year Fixr conducts a national survey of home industry influencers in the US; those who are building, designing, manufacturing and publishing content relevant to the field, revealing single family home design and construction trends.

Gen X’ers are the most likely group to buy a single family home with Millennials representing the second largest group in the 2018 Fixr Survey. There are many reports that show Millennials are driving the current market.

Single Story Homes are Trending for 2018

 

In 2018 more home buyers are looking for single story homes with more than 2,000 sq ft with an open floor plan and they want to live in urban areas.

 

Smart home features and automation are gaining traction at an incredible rate and is the number one choice for popular home design trends going forward.

Smart HomesGreen and Energy Efficient Design is important to both Gen X and Millennials, but more so for the Millennials with Smart Thermostats, Home Automation Security, Lighting Control Systems, Smart Appliances.

Artificial intelligence and voice control systems will start showing up in homes in 2018.

 

Open Floor Plan

 

The open floor plan has been the most popular layout since 2013 and will continue to grow going forward.

 

 

 

For current homeowners, when it comes to affordable upgrades, energy efficient upgrades and style enhancements were popular.

Dimmable Lighting Sets the MoodDimmable lighting allows the homeowner to influence the mood of a room at all times of the day and night. Wireless hubs and concealed components are considered to be integral in nearly every home. 

Adding energy efficient windows were another popular trend for homeowners.

Outdoor Living

 

Adding outdoor living spaces will be a popular addition in 2018 with more Millennials looking for indoor / outdoor living.

 

 

 

 

Home Buyers are beginning to expect both function and aesthetics, while function is the primary goal, aesthetics go a long way toward providing comfort and personal expression.

There is a delicate balancing act for home builders between homes that are aesthetically pleasing to the eye vs energy efficient homes that may feel cold or impersonal.

Most designers agree that form should always follow function and the most successful home design blends the two attributes creating a cohesive design, enhancing the homeowners experience in the space.

Get more information about what today’s home buyers are looking for before you put your home on the market.  Give me a ring, I’m happy to share my knowledge and experience to help elevate your home above the competition (760) 218 – 5752.

 

Get In Touch

  • Cathi & Ben Walter
  • REALTOR ®
  • 44530 San Pablo, Suite 101
  • Palm Desert, CA 92260
  • P: (760) 218 – 5752
  • E: Cathi@DesertAreaHomeFinder.com
  • CalBRE# 01346930

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