Everyone loves a deal, and though the market is no longer stacked with distressed properties, there are still some great bargains out there. Buyers may potentially find desirable properties at great savings from the purchase price by negotiating a Short Sale. If you are interested in such a purchase, you will be dealing with the bank of the current owner. You can offer less for the property, but remember that every bank has its own procedures, and there can be long, drawn-out waiting periods before an offer is accepted. It is best to have the ins and outs of a Short Sale explained to you in detail, so that, as an informed buyer, you will understand the dynamics.

Here are a few opportunities on the market we chose now worth exploring:

57240 Peninsula Ln, La Quinta, CA – Short SalePGA Weiskopf
In exclusive Peninsula Park development within PGA West Weiskopf. Properties usually list and sell north of $2m. Almost a 1/2 acre lot, fairway, lake & mountain views, and fantastic outdoor entertaining potential.

4 Bed / 5 Bath / 4519 Sq Ft
Offered at $1,850,000
Property Link: https://bit.ly/2nmoXHW
(Listing Courtesy of Joe Vetrano @ California Lifestyle Realty)

80573 Via Savona, La Quinta, CA – Short SaleThe Hideaway
Currently one of the best priced properties in The Hideaway, at just over $400 a sq ft- most listings are $500 a sq ft and above. South facing golf course views, approved short sale, and membership is mandatory and separate.

4 Bed / 4 Bath / 3247 Sq Ft
Offered at $1,325,000
Property Link: https://bit.ly/2zKfGCF
(Listing Courtesy of Valery Neuman @ HK Lane Real Estate)

34750 Washington St, Palm Desert CA – Auction/Short Sale
This is a giant sprawling 5 acre property that may have development potential by subdividing the land to add multiple residences or a vacation rental compound. No HOA and close to the 10 hwy. Main and guest houses need a lot of work, as do exterior amenities. An Auction property, contact us to get more information.

5 Bed / 9 Bath / 9144 Sq Ft
Bids starting at $1,500,000
Property Link: https://bit.ly/2mssjch
(Listing Courtesty of Donna Eide @ Berkshire Hathaway HomeServices)

24 Toscana West Way, Rancho Mirage CA – Short Sale
At just $205 a sq ft in the La Toscana community, this is an intriguing option especially since it is the largest floor plan in the development. HOA very low for a gated community, a huge lot (19,000+ sq ft), and the short sale is approved already by the lender.

4 Bed / 4.5 Bath / 4373 Sq Ft
Offered at $899,000
Property Link: https://bit.ly/2nmoXHW
(Listing Courtesy of Ruth Hernandez @ HomeSmart)