Seller Financing Dilemma...
By Bonnie Jean Hart, Bonnie J. Hart - 25+ yrs Exp - Real Estate - L
(Home Smart Professionals-La Quinta, Indian Wells, Palm Desert, Indio, CA)
The movement of real estate in Indian Wells, La Quinta, Palm Desert and Indio has been positive this year, even though we are now in summer, which is our normal slow period, and the buyers are few and far between at this time. My biggest dilemma this year is that with all the homes we sold there were two that did not sell. And both of them had seller financing available. They both are in great or like new condition and priced right; in fact one is $40,000 under market value. Now I realize that in our market here in the Desert we have a lot of cash buyers who don’t need financing, and that these homes are in a 55+ community, however that aside it would seem to me that those who do need a loan or want it - these homes would have sold before others. We did the same marketing for...
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