Palm Springs and surrounding cities...
will always be a great opportunity to invest! Regardless when you buy it, the location of our Valley will always be desirable and will always provide you great investment possibilities. Of course with any investment there is a risk, and markets go up and down. A real estate investment here in the Coachella Valley should really be a long term investment with the possibilities to sell at any time the market is to your liking.
Right now in 2021, prices are getting higher and higher, due to a shortage of "For Sale" Properties. We are currently in a "Sellers Market".In order to participate currently on purchasing a property, "Cash" would certainly be the way to go, or with "Creative Financing", overbidding the asking price would be the only way if it comes to a multiple offer situation. Any property in a desirable location will almost for certain go in a multiple offer situation. Key is to have an agent that is looking out for you and will alert you immediately if a property comes up "For Sale" or ..."Is Coming Soon" (the new way that listing agents are trying to sell a property themselves).
In short... an agent that is "On The Ball" will be able to get you in ASAP... you might have to buy the property sight unseen, and decide in the "Contingency Period" if the property is really what you are looking for. It is a concept that really works well especially for you if you are not here in the valley at the time! We had quite a few homes that were sold sight unseen... the Earnest Money
Just know that the "Earnest Deposit Money" is only in jeopardy when a buyer takes off all the Contingencies.