Are you looking for a place to call home in the beautiful Palm Desert area? Do you want to enjoy the sunny weather, the scenic views, and the vibrant lifestyle of this desert oasis? If so, you might be wondering how to find affordable homes for sale in the Palm Desert area that suit your needs and budget.
Palm Desert is a popular destination for retirees, snowbirds, golfers, and anyone who loves the outdoors. It offers a variety of attractions, amenities, and activities for residents and visitors alike. Whether you want to explore the art galleries, shop at the upscale boutiques, dine at the fine restaurants, or relax at the spas, you’ll never run out of things to do in Palm Desert.
But what about the housing market? How can you find a home that meets your expectations without breaking the bank? In this blog post, we’ll share some tips and tricks on how to find affordable homes for sale in the Palm Desert area that match your criteria. We’ll also show you some examples of cheap houses for sale in the Palm Desert area that you can check out right now.
What is an Affordable Home in the Palm Desert Area?
Before we dive into the details of how to find affordable homes for sale in the Palm Desert area, let’s first define what we mean by “affordable”. Of course, affordability is relative and depends on your income, expenses, savings, and preferences. However, a general rule of thumb is that you should spend no more than 30% of your gross income on housing costs, including mortgage payments, property taxes, insurance, and maintenance.
According to Zillow, the median home value in Palm Desert is $498,900 as of June 2021. This means that half of the homes are worth more than this amount and half are worth less. The median listing price is $599,000 and the median sale price is $495,000. The average price per square foot is $278.
Based on these numbers, an affordable home in the Palm Desert area would be one that costs less than $300,000. This would allow you to keep your monthly housing costs below $1,500 if you have a 20% down payment and a 30-year fixed mortgage at 3% interest rate.
Of course, these are just estimates and you should always consult with a professional financial advisor before making any major decisions. You should also factor in other costs such as closing fees, utilities, HOA dues, and repairs when calculating your affordability.
How to Find Affordable Homes for Sale in Palm Desert Area
Now that you have an idea of what an affordable home in the Palm Desert area looks like, how can you find one that meets your needs? Here are some tips and tricks to help you with your search:
Use online tools and resources. There are many websites and apps that can help you find cheap houses for sale in the Palm Desert area. For example, you can use Point2, Redfin, or PropertyShark to browse through listings of cheap homes for sale in the Palm Desert area. You can also use filters to narrow down your search by price range, size, location, features, and more. You can also sign up for email alerts or notifications to get updates on new listings that match your criteria.
Work with a local real estate agent. A local real estate agent can be your best ally when looking for affordable homes for sale in the Palm Desert area. They have access to the latest market data and trends, as well as insider knowledge of the neighborhoods and communities. They can also help you negotiate the best deal possible and guide you through the entire buying process. To find a reputable and experienced real estate agent in the Palm Desert area, you can ask for referrals from friends or family members who have bought or sold homes in the area before. You can also read online reviews or testimonials from past clients or check out their credentials and awards.
Be flexible and open-minded. Finding an affordable home in the Palm Desert area might require some compromise and creativity. You might not be able to find a home that has everything on your wish list or that is located in your ideal neighborhood. However, you might be able to find a home that has potential or that is located in an up-and-coming area. For example, you might consider buying a fixer-upper that needs some TLC or a manufactured home that offers more space and amenities than a traditional home. You might also consider buying a condo or a townhouse that has lower maintenance costs and shared facilities than a single-family home.
Act fast and be ready to make an offer. The housing market in the Palm Desert area is competitive and fast-moving. According to Zillow, the average days on market for homes in Palm Desert is 58 days, which is lower than the national average of 68 days. This means that homes sell quickly and you might face multiple offers or bidding wars. To increase your chances of finding and securing an affordable home in the Palm Desert area, you need to act fast and be ready to make an offer. This means that you should have your financing pre-approved, your budget set, your needs and wants prioritized, and your documents prepared. You should also work with your real estate agent to craft a strong and attractive offer that stands out from the crowd.
Examples of Affordable Homes for Sale in Palm Desert Area
To give you some inspiration and ideas, here are some examples of affordable homes for sale in the Palm Desert area that you can check out right now. These homes are all listed for less than $300,000 and have at least two bedrooms and one bathroom. They also have different features and styles that might appeal to different buyers.
A cozy and charming condo with a private patio and a community pool. This condo has two bedrooms and one bathroom and is located in a quiet and convenient location near downtown Palm Desert and El Paseo. It has been fully updated with new flooring, kitchen cabinets, appliances, bathroom fixtures, windows, and HVAC system. It also has a shared garage parking and driveway parking. It is listed for $299,900.
A spacious and elegant manufactured home with a golf course view. This home has two bedrooms and two bathrooms and is located in the 55+ golf community of Portola Country Club. It has been beautifully and exceptionally remodeled with custom cabinetry, quartz counters, dual pane windows, spa-inspired bathrooms, and contemporary decor. It also has a private courtyard, a covered patio, a carport, and a shed. It is listed for $389,000.
A bright and airy mobile home with a large backyard. This home has two bedrooms and two bathrooms and is located in the Suncrest Country Club, a 55+ community with golf, tennis, pools, spas, clubhouse, and more. It has been updated with new kitchen, bathrooms, flooring, windows, mini-split system, and low maintenance yard. It also has a carport, a storage shed, and a backyard for pets. It is listed for $229,500.
Finding affordable homes for sale in the Palm Desert area might seem like a daunting task, but it is not impossible. With some research, planning, flexibility, and professional help, you can find a home that fits your needs and budget in this desirable desert destination.
If you’re ready to start your search for affordable homes for sale in the Palm Desert area or if you have any questions about the buying process or the market conditions, don’t hesitate to contact us today. We are a team of local real estate experts who can help you find your dream home in the Palm Desert area.
We hope you enjoyed this blog post and found it useful and informative. If you did, please feel free to share it with your friends or family members who might be interested in buying a home in the Palm Desert area.
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Thank you for reading and happy house hunting!
Written & edited by Collins Omaghe
Homes for sale around the Palm Desert Area