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Which Retirement Community is right for you?

Not sure which Retirement Community is right for you Sal Puglisi talks about the top 9

With breathtaking landscapes and abundant activities, La Quinta is an obvious choice as a retirement destination. The area offers a selection of upscale communities, perfect for exploring the area and soaking in everything La Quinta has to offer. This article will show you the 9 best luxury retirement communities in La Quinta, CA.

Each community offers its own personality and unique set of amenities. With so many excellent choices, narrowing down the options calls for the help of a local area expert. Your friend Sal Puglisi has the scoop on each of these top retirement communities and can serve as your guide in finding the one that best suites your lifestyle.

PGA West

 

retirement community

For golf fanatics, there’s no place better than PGA West. The 20,000-acre community features six world-class golf courses for a total of 106 challenging holes. But, golf isn’t the only game in town. PGA West residents have access to a fully-equipped fitness facility and 19 tennis courts. Homes in the community feature open floors plans and elegant, resort-style living and come complete with a social membership at the exclusive PGA West Club.

Go to PGA West’s Retirement Community Website Now

Trilogy at the Polo Club

With construction beginning in just 2013, Trilogy is a brand new luxury gated community developed by Shea Homes. While Trilogy is an all-ages community, there are several neighborhood reserved for adults over the age of 55. Residents of the 800 homes will enjoy access to a 25,000 square-foot resort club, expected to be completed in 2015. Catering to an active lifestyle, the club will feature a fitness center, yoga studio, demonstration kitchen, market and an upscale restaurant and bar. Conveniently located near the best art galleries and restaurants in the area, this exclusive community is also far enough from the hustle and bustle of city traffic and congestion to provide a peaceful escape.

Go to Trilogy at the Polo Club’s Retirement Community Website Now

Rancho La Quinta

Rancho La Quinta Retirement Community

This all-ages community combines beautiful homes with ample amenities and a carefree, laid back lifestyle. Over 900 homes are sprinkled around two meticulously manicured golf courses. When residents aren’t golfing or taking in sweeping views of the Santa Rosa mountains, the Racquet Club offers a state-of-the-art fitness center and a tennis pro shop. A 23,000 square-foot clubhouse boasts several dining options ranging with spaces for everything from intimate meals to large events.

Go to Rancho La Quinta’s Retirement Community Website Now

Andalusia at Coral Mountain

Andalusia Luxury Retirement

For blending luxury living with an active lifestyle, Andalusia is the place to be. There are plenty of ways to get moving with an 18-hole golf course, nine tennis courts and a massive fitness center. Ample hiking and biking trails wind through the community to provide a unique way to experience the scenery of the Santa Rosa Mountains. A resort-style pool and spa offer a chance to relax and unwind. Andalusia takes pride in a friendly, welcoming vibe that makes residents and guests feel right at home.

Go to Andalusia at Coral Mountain’s Retirement Community Website Now

The Citrus Club

The Citrus Club Luxury Retirement

This charming community combines old-world architecture with modern amenities. Located at the prestigious La Quinta Resort, residents have the added benefit of preferred pricing on spa, salon and food services and may take advantage of the fitness facilities and pools at the resort. There’s no shortage of activities, thanks to 23 tennis counts at the resort, an 18-hole golf course, two lap pools plus an additional 42 pools at the resort, and a full fitness center offering classes ranging from Zumba to power walking.

Go to The Citrus Club’s Retirement Community Website Now

The Hideaway

The Hideaway - Luxury Retirement Community

With just 446 residences, The Hideaway is a quaint community perfect for indulging in upscale ambiance and luxury living. The Hideaway Club features a full-service salon and spa, a resort-style pool complete with cabanas, a wine cellar, tennis courts and a dining room with stunning views of the mountains. Fitness lovers will enjoy the modern facility with personal trainers as well as cardio, Pilates and yoga classes.

Go to The Hideaway’s Retirement Community Website Now

Tradition

Tradition Luxury Retirement Properties

This 450-acre mountainside community places golf front and center. Sprinkled around an 18-hold course, homes in the exclusive Traditions community feature Spanish Revival and Mediterranean architecture wrapped in understated elegance. Homeowners enjoy a social membership at the grand Tradition Golf Club, perfect for indulging in fine dining and taking advantage of the 9-hole short course and the up-to-date fitness center.

Go to Tradition’s Retirement Community Website Now

Mountain View

Lush surroundings and superb amenities mean that Mountain View Country Club is not to be missed. Spanish-style homes feature sweeping views of the community’s lakes, golf course as well as the Santa Rosa Mountains. Golfers flock to the 18-hole course designed by none other than Arnold Palmer. The community also offers an upscale spa, fitness center and a clubhouse with fine and casual dining. With so many at your fingertip, you’ll scarcely need to leave the gates, but Old Town La Quinta, with its shops and restaurants, is just around the corner.

Go to Mountain View’s Retirement Community Website Now

The Palms

This small community is big on luxury and landscape. With over 1,000 mesquite trees and 2,000 date palms, the scenery is some of the lushest the desert has to offer. Just over 100 homes are scattered around the perimeter of an 18-hole golf course so that everyone has an outstanding view of the greens as well as the mountains. A private dog park with a bubbling fountain means that furry friends also have a place to play.

Go to The Palms’ Retirement Community Website Now

Learn More About Luxury Retirement Communities in La Quinta, CA

With abundant choices in luxury retirement communities, each featuring exquisite settings, ample recreation activities and luxury amenities, there is something to make every retirement dream a reality. The Sal Puglisi has the knowledge to help you identify the luxury retirement community that suits your taste and lifestyle.

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La Quinta Real Estate Projections

La Quinta Real Estate Projections 2015

A resort city, La Quinta was noted as one of the fastest growing cities in the country. This is driven significantly by the fact that the area is home to a number of top-notch, award-winning golf courses and their highly desirable communities. Because the region also includes plenty of social, cultural and recreational opportunities for you to enjoy, 2015 is a prime time to purchase La Quinta real estate, such as a getaway home or retirement retreat.

Continued Growth is Expected

The real estate market showed promising signs of growth during 2014 and this upward trend is expected to continue during 2015. In fact, projections show that sales of existing homes could increase as much as eight percent. This is partly attributed to the continued availability of prime real estate offerings in highly desirable locations that come complete with many of the most requested amenities. In addition, many home buyers in the market today believe that an increase in both housing prices and interest rates is imminent which is predicted to fuel further growth.

Housing Prices will Remain Flat

wpid-2015-real-estate

Expect to see the prices of existing homes to remain steady with only slight increases of about four to five percent over the course of 2015. This means you can continue to get significantly more house for your dollar compared to just a few short years ago. 2015 marks a fantastic year to take the leap and purchase that vacation home you have always wanted. However, it is important to not let this home buying opportunity slip past you as home prices are expected to continue to rise slowly over the course of the coming months.

Interest Rates will Climb Slowly

This year is a fabulous year to retire to Coachella Valley and find your perfect retiree home. Even though interest rates have remained low for the past few years, you can expect that trend to change — albeit slowly. The Federal Reserve Bank traditionally increases its target rate by the end of the year. This means that by mid 2015, the projected interest rate for a 30 year fixed rate mortgage will likely be about five percent. While this rate is still quite low, it is a barometer for what is to come in the coming years and ultimately makes your home buying dollars less productive. The moral of this story: close on your chosen piece of La Quinta real estate sooner rather than later during 2015, if at all possible.

Competition May Increase

According to projections, those people that fall within the same segment of the population as yourself will be the very ones who are looking hardest at La Quinta real estate during 2015. As people reach retirement age or decide that they are ready to scour the market for a vacation home, Coachella Valley looks quite attractive. With the region’s stellar climate and proximity to many cultural amenities, recreational facilities and entertainment options, you can expect to find more competition for those homes that meet your needs as the year unfolds. Putting your real estate needs in motion now helps to significantly increase the likelihood that you will be able to purchase the home of your dreams.

It’s no secret that the real estate market has taken a hit these past few years. After all, this segment of the economy was one of the impetuses behind its nosedive. Things have slowly started to turn around for the economy in general, though, and this has been largely fueled by an uptick in the housing market. In fact, 2015 looks to be a banner year in the La Quinta real estate market, brimming with opportunities that you do not want to miss.

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10 Tips from your La Quinta Realtor

Living in the desert valley we get to enjoy amazing natural vistas, a typically dry climate, and lots of sunny days. However, we also endure extreme heat, gusty winds, and soaring electricity bills which can provide some unique challenges for homeowners. We put together a list of 10 common tips, and considerations for our fellow desert dwellers. 

10 tips for desert home owners from La Quinta Realtors, PuglisiWoodard

1 – Solar panels: 

In the desert, you’ve got plenty of sun. Who wouldn’t enjoy reducing power bills with free electricity from a renewable resource? However, home solar systems can take awhile to pay for themselves, so you might consider the following before you buy:

Check online reviews at websites like solarreviews.com or diamondcertified.org to find out if your service provider has a great reputation.

If you plan to buy, understand and compare warranty details because maintenance or repairs can reduce your savings.

Get up to date information on the tax rebates, credits, and other incentives offered to home owners who install solar panels by visiting DSIRE.org.

You may also have the option to lease a home solar power system with no money down, and this gives you a way to enjoy a positive return on your investment quickly. Also, you get to let the solar power company worry about maintenance and repairs.

2 – Landscaping: 

With another unprecedented year of drought in the valley, water conservation should be an important consideration when you landscape your yard and garden. By choosing to incorporate desert landscaping features, you can reduce water consumption and your water bill. In fact, you may even benefit from the generous rebates that local water companies offer to homeowners who covert their lawns to native landscaping. The good news is that native landscaping choices can reduce your water consumption by 75 percent and maintenance bill by half.

3 – Air seal your home: 

Not only can sealing up air leaks make your house more comfortable, it can also help reduce your cooling and heating bill. Typical culprits are windows and doors. Sealing up drafts is a great do-it-yourself project that you can probably complete in a few hours with the help of this guide: Department of Energy guide to caulking and weather stripping.

4 – Earthquake preparedness: 

Most residents of this part of the country realize that it is only a matter of time before an earthquake strikes. Secure bookshelves, large appliances, fragile valuables, and big furniture with earthquake straps or other fasteners. If you already know that you have purchased a home on a fault line, you should be prepared.

5 – Don’t be afraid to DIY: 

Ninety percent of what most folks need for a successful DIY project is having the guts to get started. Worst case—you mess up and then bring in the professional. Best case—you save money, learn something new and feel a great sense of accomplishment.

6 – Know the difference between a DIY job and when to call in a professional: 

Installing shelves in the closet is a DIY project. Relocating a water heater, now that sounds like a job for a professional. If you try to make some complex repairs without the right skills, you may end up with a pretty big mess. Save time and money by knowing when to get professional assistance with home repairs and projects.

7 – Keep a home journal: 

Do you know when you changed your air conditioning filters or the batteries in your fire alarms? Keep a simple journal that reminds you of repairs, purchases, maintenance etc. You can refer back to it when needed and it will come in handy when selling the house if you can give the new owners detailed information.

8 – Have your AC cleaned and serviced every spring: 

Few routine chores will pay off more handsomely, both in comfort and in dollars saved, than a simple air-conditioner cleaning. The payoff: Summertime comfort and lower cooling bills. You’ll also prolong the life of your air conditioner, and the technician may catch small problems before they turn into large and expensive problems.

9 – Get flood and earthquake insurance: 

Why do you need flood insurance in the desert? Just ask one of the many families in La Quinta whose homes were completely flooded during recent summer storms. Flooding issues are apparent all over the valley due to the lack of proper drainage systems. Don’t even ask why you need earthquake insurance when you live on a fault line. It is unlikely that land movement or flood insurance are included in a typical homeowners policy, but you can call your agent to check.

10 – Craigslist, Utility Scams and Angie’s List: Your La Quinta Realtor says Be wary and do your research.

Craigslist: You have some furniture for sell, so you list it on Craigslist and allow strangers to contact you or even come to your home to look at the items you are selling. The problem is that homeowners are being robbed and targeted by predators that they invited into their homes with online ads and unsafe practices. List your items online, but don’t invite strangers to your residence. If possible, try to meet in a public place, If the item is too large to bring with you, consider selling the item via consignment or using an eBay listing store where they list the sell the item for you online.

Utility scams: You get a call from somebody who says he is a representative for “Southern CA Edison” stating you have until the end of day to pay your power bill or your electricity will be turned off. The person sounds legitimate and has your basic information. You are told the bill has to be paid via money wire, and you are given instructions on how to do so. The only problem is the caller is not from SCE and has no authority to turn off your power.

Homeowners are being scammed out of hundreds of dollars from these bogus calls. Utility companies do not make live calls about utility bills to demand payment via bank wires. Please be aware and report suspicious calls to the proper authorities. The FTC has more information and a place to report phone scams.

Angie’s List: Angie’s List provides a resource where you can find out what other community members like or dislike about a variety of service professionals. The next time you need to hire a good plumber, carpet cleaner, garage door repairman, or pool guy, you could sign up for Angie’s List to find reviews and recommendations. Here’s a final tip from your La Quinta Realtor, a membership for Angie’s list is only $9.99 for the entire year. Use coupon code FALL30 for 30% off which brings the fee to $6.99. That is a great deal and trust me well worth the peace of mind knowing you are using verified service providers. 

Challenges aside!

In spite of a few challenges, we enjoy the amazing natural beauty of the valley and the many health benefits of living in a desert climate. If you are thinking about buying or selling a home in La Quinta or the surrounding area be sure to call on Sal Puglisi your La Quinta Realtor. Thank you for reading 10 Tips from your La Quinta Realtor.

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Real Estate Closing Costs

 

Real Estate Closing Costs

Whether you are buying or selling, first time buyer or seasoned real estate veteran, closing costs are some of the most complex and confusing aspects of real estate transactions.

The Closing Costs Basics

The simple fact of real estate is that there are many minor costs associated with buying or selling a home. Some of them can be surprising or confusing. If you are thinking about trying a sale-by-owner there are some factors to consider that might give you pause for thought. Saving that broker’s commission could actually be very expensive if you misjudge the price or fail to account for some obscure part of the cost.

If you are negotiating with a party who has much more experience in real estate you can never be sure of their intentions; it is essential that you have a professional on your side. You don’t want to have to come up with thousands of Dollars in additional costs at the last minute or find yourself renegotiating terms under extreme pressure, without professional support and advice.

Either A Buyer Or A Seller Be

As a seller, you should receive an estimate of proceeds as part of the listing agreement. As a buyer, you can expect to receive an estimate of your closing costs at the time that your agent writes the offer. The fees and costs that have to be covered during the closing of real estate transactions fall into three broad categories:

  • Legal fees
  • Financial fees
  • Buyer/seller adjustments

In California the transfer of real estate assets is handled by disinterested third party entities that hold all of the elements of the transaction until everything is in place. In residential real estate, buyer and seller are usually required to bring some amount of cash to the close of escrow.  When all of the necessary conditions have been met, the escrow is closed and funds are sent to every party that is meant to receive them. 

The Breakdown For Closing Costs

The Legal Fees

The necessity of closing costs is justified by the safety and certainty of transfer that they provide to both sides. An owner’s title insurance policy, purchased by the seller, makes sure that there is no delayed crisis that results from a cloud on the title. If the buyer is financing they are required to purchase an ALTA insurance policy with their home loan provider as the beneficiary.

The seller usually pays for the escrow service, all of the documentation to put the transaction together and notary fees. The buyer will have to pay an escrow fee also, along with notary fees and fees for the recording of all deeds that they take on to finance the purchase.

The payment of transfer taxes and commissions are paid at closing. Basically everything that is to be paid by agreement has to be paid in by both parties before closing and all of these funds are distributed in the final act of closing. There is some flexibility in agreeing who pays what. That means that the parties can agree to pay whichever parts of the closing costs it takes to make the sale happen, as long as there is agreement and the escrow company receives clear instructions.

Financial Fees

For sellers, there will be appraisal fees, beneficiary statements, and any loan interest remainder will become due at closing. They can be taken from the proceeds of sale along with any home loan prepayment penalties that are in the terms of the seller’s loan.

For buyers, many of the fees revolve around the creation of new home loans: Fees for appraisal, assumption fees if the buyer is assuming the seller’s loan, fire insurance premium and a mortgage insurance premium for new FHA loans. Financing also means there will be loan origination fees, inspection fees, and appraisal and notary fees for the buyer too. If the Veterans Administration is providing financing, the seller will be responsible for the pest inspection fees; otherwise the buyer usually pays for it.

An Aligned Transfer Through Adjustments 

In homeownership and real estate investment, there are periodic payment impounds of some sort, held all year round. For example, property taxes and insurance policies must be paid up to a year in advance. When the time comes to close, they usually have an overpaid balance. The buyer becomes responsible and reimburses the amount for the excess period to the seller. All financial liability and responsibility is stated and paid outright at the time of closing. The seller should be able to walk away without any further burden or expense.

The Plan Comes Together

There is an old saying that everything is negotiable. That is true but it is a little unconventional in residential real estate. The majority of transactions in real estate follow tried and true patterns. These are protocols that have been very successful in bringing buyers and sellers together over the years. However, sometimes it helps to get a little creative in the terms to make a great deal happen.

When you are dealing with maverick counter-parties, who want to do things differently, you need to make sure that you have the right professionals supporting you, advising you and doing the hard work of your negotiation. That is the only way to ensure that you receive a fair deal.

The transfer of high-end real estate can be extremely daunting and intimidating. It gets easier with experience but it must be done correctly every time. On a scale of complexity it is certainly more difficult to organize than eighteen holes of golf but generally easier than the average wedding. Like a wedding, it makes all of the difference if you have professional support and help to see that it goes without a hitch.  The cost of closing in the buying and selling of real estate is a fact of life in La Quinta, Coachella Valley, and across the nation. Make sure you have the professional advice that will keep all of the costs aligned with your best interests.