inside real estate: the escrow process explained

There’s a lot that goes on between the time you make an initial offer on a new home and the date you move in. It’s part of the reason that hiring a real estate professional is so necessary - a real estate transaction is complex, with many moving parts that you may not fully understand.

My goal with my new Inside Real Estate recurring feature is to shed some light on some of the lesser known facets of the real estate industry and de-mystify some of terms you’ve heard thrown around, but were to shy to ask about.

First up: the Escrow Process.

What is escrow? How does the process differ in this part of California? Why does it matter to me?

Those are great questions - let’s dive right in!

What is Escrow?

The particulars of the escrow…

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4 most Walkable Palm Springs Neighborhoods

In a place like Palm Springs where more than 90% of days are sunny, it makes sense that residents want to take advantage of the superb weather and exchange their car keys for their sneakers and walk to wherever their weekly errands take them. However, depending on where a neighborhood is, that's not always feasible.

If you're in the market for a walkable Palm Springs home, consider these Palm Springs neighborhoods.

Ruth Hardy Park

When it comes to centrally located Palm Springs neighborhoods, it's hard to beat the affluent community of Ruth Hardy Park. 

Downtown is less than a mile away, and most can make the walk in about fifteen minutes. As such, residents will find that a fun night out on the town is never more than a short walk from…

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Many fantastic Palm Springs neighborhoods are located within walking distance of the city’s major shopping, dining and entertainment areas. With year-round gorgeous weather that makes you want to spend time outdoors, being able to step outside your door and walk to your favorite spots is a big plus. 

So, if you’re searching the Palm Springs real estate market for a home with a high “walkability rating,” this is a brief guide to some of the best locations. 

The oldest neighborhoods in Palm Springs are also the closest to Palm Canyon Drive (North, South and East). Which figures. Palm Canyon Drive has always been the main drag, the street where all the original businesses and hotels were located, and the focus of downtown Palm Springs. And it was…

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Palm Springs residents and visitors alike bask in the desert’s warmth and sunshine. There’s nothing like lounging all day at the pool, hiking through the canyons and mountains, or playing a round of golf, especially when you know where you are coming from it’s freezing, or raining, or the freeways are in gridlock. But you also need a place to eat, shop, and be entertained. And for that, downtown Palm Springs can’t be beat.

Palm Springs is not some suburb filled with shopping malls and parking lots. It has always been a small town, with a distinctive village feel. The main drag, Palm Canyon Drive, has been the focus for dining, shopping and fun for decades, and after the recent, major downtown renovation project that replaced the aging and unfortunate…

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Palm Springs HotelsPalm Springs is one of the top resort destinations in the world, so it figures there would be a good choice of hotels. Indeed, among the very first buildings in Palm Springs were hotels or guest houses. Palm Springs’ reputation as a Hollywood was launched at glamorous digs such as the El Mirador Hotel, the Desert Inn and the Ingleside Inn. 

Lately, Palm Springs has flourished with a new generation of noteworthy hotels and hip accommodations for vacationers. When searching for a place to stay in Palm Springs, decide on what kind of amenities, environment and vibe you prefer. You’ll easily find something that suits you.

From Budget to Exclusive

As resorts go, Palm Springs is not just for the rich and famous. You can find a reasonably priced…

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Palm Springs Real Estate. Buy Or Sell In 2020?

So, let's say you either have some Palm Springs property or are looking to get some in the near future, is selling or buying Palm Springs real estate the right choice in 2020?

Let's take a look...

The Palm Springs' Real Estate Market In 2019

Palm Springs is something of an outlier in the overall California real estate market landscape.

For a start, the demographics are a bit different, consisting of many older buyers, particularly those looking for second or retirement properties.

In addition, the area's flourishing tourism industry means a big demand for vacation homes and excellent opportunities for acquiring profitable income properties.

Overall, Palm Springs will see slightly slower growth than the rest of the state in 2020, with…

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palm springs city limits sign, windmills in the background

Welcome to the latest edition of the Greater Palm Springs real estate market report for October 2020. I've compiled the best information from the local Palm Springs MLS®. Have a look at our full Palm Springs real estate market infographic below for details!

The median value of both single-family detached and attached homes continue their upward trajectory. Despite concerns about how the market would react to the global pandemic, business in the valley is booming. La Quinta, Desert Hot Springs, Cathedral City and Palm Springs all saw double digit growth. The median price of a home in Coachella Valley is $510,000, up 27% over last year. The median price of an attached home is $315,000, up 12.7% over last year.

It's definitely a seller's market -…

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We have all heard the saying that "home is where you make it." This is exactly right, but a home is also what you make of it. Whether you're in my real estate area of Palm Springs or another city known for its stylish homes, the features of a home represent you and how it makes you feel at home. Over the years, many of us have forgotten what that feels like, particularly if you just recently moved into a new home. It's easy to forget that you need to update your home, especially if you just moved in. While some of the design ideas might be liked by you, they have been replaced with features that not only look better, but provide function in the home.

Here are six outdated home features that you might want to look into fixing in 2019 if you want your…

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Palm Springs Cultural CenterYou may think the Palm Springs Cultural Center is just the Camelot Theater and the movies on the marquee, but it’s much more than that. Founded in 2007 by local philanthropists Ric and Rozene Supple, the Cultural Center has grown to not only include the Palm Springs International Film Festival, but a speaker’s series, book clubs and the vintage and farmer’s markets.

The Camelot Theater, a Midcentury Modern showcase that was once part of the defunct Palm Springs Mall complex, had fallen on hard times, when the Supples bought, restored and reconfigured it. In 2017, they gave to the Palm Springs Cultural Center. (The Palm Springs Mall, abandoned for years, has recently been acquired by the College of the Desert. Construction is underway for a new Palm…

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Getting to and around Palm SpringsPalm Springs, centrally located in the Southwest, is within driving distance of several metropolitan areas, and the airport (PSP) provides great service to the Bay Area, the Northwest, and Phoenix. And that makes it easy for all your friends and family to visit you all year long. 

Driving to nearby cities

The closest metropolitan area is, of course, Los Angeles, at least in terms of distance. In terms of drive time, that depends on when you leave Palm Springs, and when you return. The 10 freeway is the most common route to get to central LA, and, say, to Santa Monica. But it’s also the most congested. If you leave Palm Springs on weekday mornings or on an Sunday afternoon, you’re bound to get in traffic, no matter which way you go. Early Saturday…

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