Cash is KING in the Real Estate Market

Mortgage loan rates are at an all time low -- under 5 percent for qualified buyers. Renters are readily available for these selected investment/vacation/second home opportunities.

Fred Prescott's exclusive investor/second home program will open your eyes to the multiple properties and opportunities available. These investment quality homes are in full bloom here in the Coachella Valley.

Call Fred Prescott at 760-398-3544 or toll free 877-898-3544 for further information. NO OBLIGATION.

The front page article of The Desert Sun on June 30, 2010, announced fifty-six percent of all home sales in Riverside County in the first three months of the year involved foreclosure or bank owned properties. Click here to read the complete article. Cash is KING in this market. There are some incredible deals and opportunities for investors looking to plan for their future.

"Foreclosures create more demand for well-located quality rentals. Rental demand for well-located properties is still strong and a recipe for a future appreciation," says Greg Dawson of GoRenter.com.

When you are making your most important financial and lifestyle decisions, you want and need the experience of an accomplished and knowledgeable real estate professional. Fred Prescott can assist you whether you're a buyer or seller.

If you are one of the many homeowners behind on your payments and possibly facing foreclosure, you may have alternatives. Visit my website for extensive information or call or contact Fred for a FREE, NO OBLIGATION consultation.

The Coachella Valley Home Market May Be Trending Toward Recovery

The median price for Coachella Valley home sales rose 31 percent in April compared to the same time last year, Palm Springs Regional Association of Realtors data show. It rose to $197,040 from the $150,140 median in April 2009. Overall, sales dropped 4.5 percent last month compared to last year.

President of the Palm Springs Regional Association of Realtors, Scott Newton, said the April numbers show a market that is moving out of high-season and that inventory is getting low. "That creates higher demand," Newton said. "Higher demand creates slightly higher prices."

Out of the valley's 5,179 active listings for homes and condos, Newton said the Multiple Listing Service showed 2,058 priced at or below $300,000.

"This is a market that is starting to change," Newton said. "It is trending toward recovery."