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Visit Sunnylands in Rancho Mirage: Summer Schedule

Monday, July 9th, 2012

Sunnylands Center & Gardens Summer Schedule

sunnylands estate

Sunnylands Gardens

Sunnylands, the former Annenberg Estate, located in Rancho Mirage, California, is a 200-acre  estate currently run by The Annenberg Foundation Trust at Sunnylands, a not-for-profit organization and Annenberg family trust. The property was owned by Walter and Leonore Annenberg until 2009 and had been used as a winter retreat by the couple from 1966, when the house was completed. The property is “rich with historical significance,” according to the city of Rancho Mirage, which declared Sunnylands an historic site in 1990. Located at Frank Sinatra and Bob Hope Drives, the property has been the vacation site of numerous celebrities and public officials.

Sunnylands Patio

From June 1 to July 29, Sunnylands Center & Gardens will be open Thursdays through Sundays from 7 a.m. to 2 p.m. Tours of the historic house and grounds, available by advance reservation, will begin at 7:15 a.m. The 90-minute tours are scheduled every 15 minutes thereafter with the last tour of the day beginning at 10 a.m. The new tour schedule, in response to the high summer temperatures, takes advantage of the coolest part of the day.

Sunnylands is closed in August. Sunnylands Center & Gardens will reopen on Saturday, September 1 at 9 a.m. Tours of the historic house and grounds will resume then also. Tickets for tours September 1 – 15 will go on sale at 9 a.m. August 15.

sunnylands estate

Cactus at Sunnylands

 If you are looking for a great real estate agent in the Palm Springs area… let me  one for you!

                        

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Multiple Offers are Back in California!

Friday, June 8th, 2012

Attention California sellers: Competition to Buy Recalifornia real estate marketmains High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Multiple offers on investment properties have become the norm in our desert market.  If a home is competitively priced– the buyers are fierce and you need to have an agent that has experience in writing offers that get noticed and have a better chance for acceptance.

If you are thinking about selling– the rates are low and finally buyers are getting off the fence.

The good news is…our desert market is on its way to being positive for both buyers and sellers!

 

 If you are looking for a great real estate agent in the Palm Springs area… let me  one for you!

                                                        

Kathy Schowe   760.333.8886  

Intero Real Estate Services in Old Town La Quinta     

 SchoweProperties.com☼ KathySchowe.comLivetheDesertlife.com 

        

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Attention Sellers… It’s safe to sell your home again.

Monday, May 21st, 2012

It’s safe to sell your home again.

According to Money Magazine…It’s safe to sell your home again
While analysts debate when the housing market will hit bottom, for a surprising number of cities the turnaround has already begun.   We are not seeing prices rise yet here in the desert… but in nearby LA prices are going up.  Inventories are low…especially in the lower end investment property market.  

In December, prices rose in 109 of the 384 metro areas tracked by data firm CoreLogic. 

 

  • For years, buyers were scared of overpaying for a home, but less so now.  Many buyers have grown accustomed to thinking they’ll score deals, so they tend to act slowly, and typically start bidding around 10 percent to 15 percent below list price.  However, a growing number of buyers are beginning to realize that if they wait too long in this market, they may miss out.
  • Depending on the neighborhood and available inventory…sellers can hold firm on price if they’re patient.  The days of having to deal with low-ball offers are coming to an end.  The higher the price, the more patient the seller must be.  Cheaper homes are affordable to more buyers and appealing to investors, so recoveries usually start there.
  • Sellers should keep in mind that while they don’t have to placate low-ball offers anymore, they also can’t shoot for the moon either.  Working with a REALTOR® and setting a realistic price from the get-go is key.
  • Sellers should know what they’re competing against.  Homeowners should let their home’s value dictate the price.  While this may seem self-evident, some owners may have lost sight of it during the bust.  On the one hand, some sellers clung to the false hope of a return to boom prices, so they set prices unrealistically high.  Others may have gone too far the other way, and set their price too low.
  • It’s also important that sellers understand they’re no longer competing with gutted foreclosures.  Buyers are tired of looking at worn-down, neglected, distressed properties and often don’t have much extra money to do a lot of fixing up.  REALTORS® often report their clients are willing to pay a little more for a home that’s ready to move into.

 

To ready more of this story from Money Magazine:  It’s safe to sell your home again.

 

 

 If you are looking for a great real estate agent in the Palm Springs area… let me  one for you!

                                                        

Kathy Schowe   760.333.8886  

Intero Real Estate Services in Old Town La Quinta     

 SchoweProperties.com☼ KathySchowe.comLivetheDesertlife.com 

        

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Desert Club Estates in La Quinta

Thursday, May 3rd, 2012

Desert Club in La Quinta… where winter never comes!

La Quinta 30th Anniversary– Desert Clubdesert club

 

















 

Kids now swim, frolic and play at the Fritz Burns Park and Community Pool, but it was once an exclusive playground for adults know at The Desert Club.  In the 1930′s and 1940′s  the Desert Club was a magnet for celebrities like Rita Hayworth. There were frequent poolside parties  in an informal setting, where guest could wear anything from “dress clothes to dungarees.”

Desert Club Estates is now a neighborhood in La Quinta with eclectic homes ranging from $250,000- $600,000.  Currently there are 7 active listings with 3 of them with offers and “contingent” status. The homes in Desert Club Estates are single-story, most with private pools, and no HOA’s.  The neighborhood is located close to Old Town La Quinta, La Quinta Resort, golf and shopping!

Desert Club advertisements touted La Quinta as the place “where winter never comes!”

 

 If you are looking for a great real estate agent in the Palm Springs area… let me  one for you!

                                                        

Kathy Schowe   760.333.8886  

Intero Real Estate Services in Old Town La Quinta     

 SchoweProperties.com☼ KathySchowe.comLivetheDesertlife.com 

        

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25 Things to do before you leave for the Summer!

Monday, April 30th, 2012

25 Checklist for Closing your Home for the Summer!

SUMMER CHECKLIST

25 CHECKLIST FOR CLOSING YOUR HOME THIS SUMMER!

Homeowners who are leaving for an extended vacation or the entire summer need to take steps to protect their home. Desert locals share these 25 steps they take to protect their homes:

summer checklist

Local homeowners differ on whether to turn the air conditioner off or leave it at a high setting, but all agree to make sure it doesn’t run constantly.
Clean food out of refrigerators, freezers and cupboards.
Lock all doors and windows.
Unplug all appliances, TVs, lamps, radios, washers, dryers and small electronics.
Close all blinds and curtains.
Set lights and sprinklers on timers.
Enlist a trusted neighbor to keep an eye on the property or hire a property management company.
If applicable, notify the homeowners association that the home will be vacant and provide them with emergency contact information.
Arrange landscaping and pool care.Use earthquake safety straps and brackets to attach heavy furniture to walls.
To help add moisture to furniture, place buckets of water throughout the home.summer checklist
Close drains.
Turn off inside water valves to the washer, under sinks and at toilets.
Turn the water heater to the “vacation” setting.
Turn off telephone ringers.
Bring in outdoor furniture.
Take out all trash.
Strip beds to allow mattresses to air out.
Vacuum carpets and floors to ensure that no sources of food remain for vermin.
Take all small valuables with you.
Arrange for mail forwarding, and stop the newspaper.
Put candles and clothing items with elastic — bathing suits, undergarments, etc. — in the refrigerator to prevent the heat from destroying them.
Lay lamps on the ground to prevent breakage in the event of an earthquake.
Oil wooden furniture.
Cover furniture with tarps to protect from dust and/or plastic in the event of a roof leak.
HAVE A GREAT SUMMER!

If you are looking for a great real estate agent in the Palm Springs area… let me one for you!

Kathy Schowe 760.333.8886

Intero Real Estate Services in Old Town La Quinta

SchoweProperties.com☼ KathySchowe.com☼LivetheDesertlife.com

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Investment Opportunities in La Quinta

Monday, April 16th, 2012

Investors are Becoming Landlords in La Quinta   

We have been working with several investors in the Palm Springs area who are taking advantage of the low prices and abundant foreclosure homes on the market.  Most are holding the properties and leasing them for close to 10% return on their money.  One investor has plans to purchase 50 homes in the La Quinta cove neighborhood for $70,000-$130,000.  So far we have 14 homes purchased with 3 more in escrow… but our inventory is dwindling.

After reading this NPR article today, I am beginning to understand why.  Although the competition is sometimes fierce for these properties, with multiple offers on many of them… there has been a steady stream of properties coming on the market– usually 7-10 per week.  That number has fallen in recent weeks to 1-3.  It will be a challenge to find available properties in his price range– and in his geographic area.

If you are an investor seeking properties in the Palm Springs area– I can help you make it happen!

Hoping For Payout, Investors Become Landlords

The housing market has a new frontier — turning foreclosed homes into rental properties. Some big-time investors are starting to buy up thousands of homes to turn into rentals. That might help shore up home prices. But some housing advocates are nervous.

For decades, most single-family homes available for rent have been owned by mom-and-pop landlords. Sometimes it’s the nice old guy up the street who owns a couple of rental homes, and some even offer advice on the Internet.

But, it’s not just mom-and-pops anymore. With the collapse of the housing market, some professional investors with a lot of money smell an opportunity. Right now, there are fewer people able to own a house and more looking to rent. That’s driving up rental costs. Meanwhile, there’s a glut of foreclosed properties being sold on the cheap.

Jack Macdowell, the chief investment officer of Carrington Capital Management, is looking to spend nearly half a billion dollars buying up foreclosed homes and turning them into rental houses. And he’s not alone. Doug Brien, a managing director of Waypoint Homes in Oakland, Calif., is buying in California and around Phoenix.

“We’ve purchased almost 1,300 homes; we actually bought 137 homes last month,” he says. Brien, it turns out, is a retired NFL field goal kicker who played for the New Orleans Saints.

“The entire time I was playing, I was investing in apartment buildings, learning that business, and when I retired in 2005 I went to work for a real estate investment firm for a couple of years,” he says.

It works really well if you do them in your own neighborhood and you buy five homes and you manage them yourself. It gets a little dicier as you get to 100.

- Scott Simon, managing director at PIMCO

One thing led to another and Brien co-founded this company buying up foreclosed homes. Now he’s lined up $200 million from an investment firm. Brien says companies like his are looking to consolidate and professionalize the single-family home rental market.

To read the entire article follow this link.


Hoping For Payout, Investors Become Landlords

 

     If you are looking for a great real estate agent in the Palm Springs area… let me  one for you! 

                                                        

Kathy Schowe   760.333.8886  

Intero Real Estate Services in Old Town La Quinta     

 SchoweProperties.com☼ KathySchowe.comLivetheDesertlife.com 

         

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Coffee Ice Cream lover? Try this Espresso Chocolate Gelato!

Thursday, April 12th, 2012

Espresso Gelato with Dark Chocolate Chunks

Espresso Gelato with Dark Chocolate Chunks

* I made this gelato and tried some before bed… it is delicious… but it did keep me awake!

espresso gelato with dark chocolate chunks!

  • 2 cups whole milk
  • 1 cup heavy cream
  • 1/3 cup sugar, plus 1/4 cup
  • 4 egg yolks
  • 4 shots espresso
  • 1/2 cup ground espresso beans
  • 2 cups chopped dark chocolate

In a saucepan combine the milk, cream, and 1/3 cup sugar over medium heat. Cook until the sugar dissolves, about 5 minutes.

Meanwhile, in a medium bowl whip the egg yolks with the remaining sugar using an electric mixer until the eggs have become thick and pale yellow, about 4 minutes. This can also be whipped by hand.

Pour 1/2 cup of the warm milk and cream mixture into the egg mixture and stir. Add this mixture back into the saucepan. Cook over very low heat, stirring constantly, until the mixture becomes thick enough to coat the back of a wooden spoon, about 10 minutes.

Place a strainer over a medium bowl and pour the warm custard mixture through the strainer. Stir in the espresso and espresso grounds. Stir in the chopped chocolate. Chill mixture completely before pouring into an ice cream maker and follow manufacturer’s instructions to freeze.

Yields 1 quart

     If you are looking for a great real estate agent in the Palm Springs area… let me  one for you! 

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Coachlla Valley Real Estate

Sunday, March 4th, 2012

Coachella Valley Real Estate Market Trends

Coachella Valley Real Estate Market Trends

The Coachella Valley’s housing market kicked off 2012 the same way it played out during much of 2011: year-over-year sales volume rose; prices dropped.

Home sales rose 5.4 percent in January, and the valley’s overall median price — half sold for more, half for less — fell 9.7 percent to $165,000, San Diego-based real estate information provider DataQuick reported.

The California Desert Association of Realtors, which compiles home sales and price statistics differently based solely on Desert

Area Multiple Listing Service data, pegged the median price for a single-family home at $180,500 last month, and condos at $155,000.

“Whether a buyer paid more or less would completely depend upon which city and which specific development, house or condo, model and location,” emphasized Greg Berkemer, CDAR executive vice president.

Overall sales volume increased in 10 of the past 12 months compared to the previous year, DataQuick reported. Median home prices dropped 11 months over the past year.

Realtors and analysts said stagnant or declining median home prices have been tough for many sellers to swallow. But falling prices also have generally made houses more affordable to more people.

The problem is, many residents haven’t been able to take advantage the the bargain prices because of the economy or because they’ve been unable to obtain financing, said John Walsh, DataQuick president.

“What we can determine is that the mortgage market remains

dysfunctional,” Walsh said.

“It will be interesting to see how a potential surge of refinance activity plays into the purchase market once the Obama administration’s new guidelines are implemented.”

Stagnant home prices over the past year had a positive impact on

affordability in Riverside County, the California Association of Realtors reported.

Some 66 percent of households in the county could afford a

median-priced single- family home during the fourth quarter of 2011.

Riverside County’s median price in January was $180,500, down 5 percent from the same month a year ago.
Locally I am seeing positive movement– and homes selling that have been listed for over 2 years.  I have clients that are extremely motivated to buy now– before prices begin to rise.  Investors have been buying up distressed properties for months– taking advantage of the golden opportunities in real estate right now!

Even though we have our seasonal dip in the summer months… the trend is rising and I see it continuing to improve!  This graph is for the 92253 zip code of south La Quinta.

     If you are looking for a great real estate agent in the Palm Springs area… let me  one for you! 

                                                        

Kathy Schowe   760.333.8886  

Intero Real Estate Services in Old Town La Quinta     

 SchoweProperties.com☼ KathySchowe.comLivetheDesertlife.com 

         

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La Quinta Cove Homes are HOT!

Friday, February 10th, 2012

Just SOLD in La Quinta Cove!

Kathy Schowe with Intero Real Estate just closed on this short-sale property in the La Quinta Cove! The La Quinta Cove is surrounded by mountains and hiking trails and is within walking distance to Old Town La Quinta! 

This buyer will enjoy this beautiful view when he visits us in the winter… but many investors are buying homes in the La Quinta Cove and keeping them as rentals.  Homes can be purchased from $80,000- $130,000 with 3BR-2BA, 1200-1400sq.ft… and leased annually bring in $1100-$1300/mo.

Give me a call and let me help you find your dream home or investment property in La Quinta cove!

     If you are looking for a great real estate agent in the Palm Springs area… let me  one for you! 

                                                        

Kathy Schowe   760.333.8886  

Intero Real Estate Services in Old Town La Quinta     

 SchoweProperties.com☼ KathySchowe.comLivetheDesertlife.com 

         

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