In purchasing a home, buyers tend to focus a bit too much on the price of a home and do not consider enough the monthly payment. As a buyer, you must be concerned not about price but instead
Buying A Palm Springs Fixer Upper Home
You can find fixer-upper homes for sale in Palm Springs, even in wealthier neighborhoods. A fixer home is one that has been poorly maintained and has a lower market value than other houses in the immediate area. You need to figure what the average house in a given area sells for, as well as what the most desirable houses in that area are like and what they cost.
if you're looking to fixing and flipping houses in Palm Springs, be sure that you have budgeted for ALL the expenses of flipping - most people forget about the "quiet costs" which they don't mention on Reality TV. Quiet cost consist of Buying cost (Escrow Fee, Inspection Fee etc), Holding Cost (Utilities, Insurance, Property Tax etc), Cost of Money (if you use financing), and Selling cost (Escrow Fee, Title Insurance, Home Warranty, Termite Clearance etc).
There are loans to help you with the renovations. FHA 203k, Fannie Mae Homepath Renovation etc...Buying a fixer-upper in Palm Springs can be an exciting opportunity to custom design your dream home.
Click here for "Free List of Hot Buys In Palm Springs".
If you are looking for Fixer Homes in other cities (Rancho Mirage, Indian Wells, Indio, Cathedral City, La Quinta, Palm Desert), give Team Michael Keller Williams Realty a Call 760-389-1598.
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