Wednesday, March 26, 2008

Investing in Palm Springs Real Estate

With increasing inventory, concessions from builders and sellers, and historically low rates, there has never been a better time to invest in desert real estate. We can close your property purchase without needing to have you present at a closing. California is an escrow state and clear title will transfer with the property you purchase. We have extensive experience managing investment money and property purchases for our clients. Consider selecting a property before you arrive - whether for invesment or even a primary residence - you can trust that we will handle your investment with care and professionalism. If you have a currency that is stronger than historical against the US dollar - this might be a great opportunity to own a piece of the desert.

Monday, March 17, 2008

California Real Estate License

Going through the steps to obtain a Real Estate Salesperson License has proven to be quite the journey. I started by completing the necessary courses online; this was beneficial due to an already busy schedule. I was not exactly thrilled about having to take classes (and pay money for them), but I was extremely impressed with how much structured information the courses provided me. The classes were relatively simple to complete and I was very satisfied by the general and detailed knowledge I had gained by taking them.

Next on the agenda was the real estate exam in Los Angeles. The combination of working in real estate in Palm Springs for just under a year and completing the classes provided me with an irreplaceable amount of information. Knowing the test was just weeks away sure put the pressure on since there were still things I needed to learn. I found using a study guide and DVD to be a great source of information and somewhat entertaining. Night after night watching the DVD and cramming terms made me feel comfortable with most of the items I believed would be on the exam.

On test day, the drive to downtown LA went smooth since traffic was minimal, but parking was interesting due a film crew shooting just a block away from the test center. After obtaining a parking spot, I walked with my study guide to a local park where I was able to cram for another hour, while securing tickets to that night’s Lakers-Clippers game. I arrived early for the test and was surprised to see around 60 other people taking test at the same time. For some reason the exam started 15 minutes late and after waiting, I was very anxious to begin. Being a 150-question test, the first 120 questions seemed to fly by; but the last 30 questions seemed to be tricky. I’m not sure if the questions were increasing in difficulty or if I was just ready to be done. I felt good about my performance after leaving the test center but knew I’d have to wait a long week before hearing the results.

I successfully completed the exam, which is great in its own right, but the whole process was a great educational tool. I believe the knowledge gained about real estate would be useful to anyone interested in buying, selling or investing in real estate. Even if an individual has no desire to obtain a real estate license, the knowledge gained would prove to be useful. It is everyone’s dream to own a home and real estate sales/purchases are big decisions. Real estate is very dynamic and I would encourage anyone to take time to learn more about an industry that could provide new opportunities. Please contact us with questions or for information on the current real estate market in the Palm Springs area.

-Jeremy Metz, M1 Properties
Palm Springs Real Estate Home & Land Listings & Sales