Palm Springs Real Estate Podcast with Will Cook - What Do You Need to Know About Home Inspections?

What Do You Need to Know About Home Inspections?

02/17/17 • -1 min

Palm Springs Real Estate Podcast with Will Cook

Whether you’re a buyer or seller, you need to know these three things about home inspections before ordering one.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

Whether you’re a buyer hiring someone to inspect a home you want to buy or a seller needing an inspector to look at your home to see if there’s anything that needs to be fixed before you put it on the market, there are three things you need to know about home inspections:

“

Knowing these three things is
essential to understanding
home inspections.

”

Whether you’re a buyer or seller, you need to know these three things about home inspections before ordering one.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

“

Knowing these three things is
essential to understanding
home inspections.

”

Previous Episode

Market Update January 2017

What's going on in the Palm Springs market? I've pulled the numbers to give you a comprehensive look at how our market changed last year and where it's headed in 2017.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

What's been going on in the greater Palm Springs area real estate market?

With 6.3 months of sales, our market is balanced. This is part of a positive trend, though, as it is one month less than it was at this time last year. Remember, six months of sales (or absorption rate) is a balanced market. A higher number would favor buyers, and a lower number favors sellers.

If we look at the absorption rate by price range for all Coachella Valley area cities, we can see that the highest absorption rate is for properties listed over $1 million at 18.7. That means it would take 18.7 months to sell all homes listed at $1 million or above if no other home came onto the market. This is also a positive trend. At this time last year, the absorption rate in this price range was 20.9 months.

As you can imagine, the lower price points have a lower absorption rate because there are more buyers who qualify for those types of properties. Homes priced below $200,000 have the lowest absorption rate at 3.2 months of sales, which is also lower than last year when the rate was 3.9 month...

Next Episode

How Reliable Are Online Home Value Estimates?

Online home value estimators can’t always be trusted. There are three reasons you should take their information with a grain of salt.

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation

Online home value estimates might not be as reliable as you think. There are actually three reasons why you need to be careful when using them to determine value.

First of all, online home value calculators are based on a formula. The algorithms used to create a value for a home are generally based on a specific set of factors such as the square footage and prior sales of similar homes in the neighborhood. While that can be a good starting point, homes are imperfect, and there is no human interaction with the property when the value is being assessed.

Second,