Should I sell my Palm Springs house as-is or fix it up first?

Fix only what will add more to the price than it costs. Sell as-is when the work would be large, slow or uncertain.

Palm Springs is a mix of older and newer homes. In our sample, two of five were built in 1980 or earlier, so an older house competes with newer ones and its condition shows. Older homes there also sell at a wider discount to new construction than the California median, 22.4 percent against 29.5 percent.

More in Should I Sell My House As-Is or Fix It Up First?

What does it cost to sell a house in Palm Springs?

On a listed sale, commission is usually the largest cost, followed by transfer taxes, title and closing fees, and any repairs or credits after the buyer’s inspection. A private sale to Address District has no commission.

Federal tax on the gain may not apply at all. If you owned the house and lived in it as your main home for two of the last five years, the IRS lets you exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly.

Line by line in How Much Does It Cost to Sell a House?

What are the benefits of selling my Palm Springs house off-market?

Discretion, no preparation and control of the calendar.

  • Privacy. The house is never listed for sale, and there are no showings or open houses.
  • No preparation. No repairs, staging or deep cleaning before you sell.
  • Certainty on timing. You choose the closing date at the start, not after the inspection.
  • A simpler negotiation. One buyer and one conversation, from offer to closing.

What you give up is reach. A listing shows the house to every active buyer at once, which can lift the price in a strong market. Should I Sell My House Off-Market? sets out both sides.

Is now a good time to sell my house in Palm Springs?

It depends more on your plans than on the market. The right time is usually when a sale fits your next move, your finances and the state of the house.

The Palm Springs numbers worth watching are time to contract, price cuts and what similar homes closed at, all of which a local agent or the public sale records can supply.

More in How Do I Know When It’s Time to Sell My House?

How fast can I sell my house in Palm Springs?

Off-market, on the date you choose, whether that is a few weeks out or a few months, once the title work and the documents California requires are done.

A listed sale usually takes longer, because the house has to be prepared, shown and negotiated, and the buyer’s inspection, appraisal and loan approval can still undo the deal late in the process.

If you are relocating, read How Do I Sell My House Fast When I’m Moving for Work?

How does selling my Palm Springs house off-market work?

In four steps, with no listing and no showings.

  1. You tell us about the house, by the offer form or by contacting us.
  2. Someone on our team reviews the house and the neighborhood and may ask to see it.
  3. You get an offer, with no obligation to accept it.
  4. If you accept, a title company or closing attorney handles the closing on the date you choose.

You will know in writing who the buyer is before you sign anything.

What if my Palm Springs house isn’t selling?

Usually the price, sometimes the condition, occasionally the marketing. The showing count tells you which.

Before you talk to another buyer, read your listing agreement. Most owe the agent a commission on any sale during the term. More in Why Isn’t My House Selling?

How do I sell an inherited house in Palm Springs?

Start with who has the authority to sign, usually the personal representative the probate court appoints, or a trustee. A title company will generally not close until that is documented.

Inherited property generally takes a basis equal to its value on the date of death, the IRS says, which can shrink the taxable gain. A probate attorney in California can explain the rest. More in How Do I Sell a House I Inherited?

How does Palm Springs compare with nearby neighborhoods?

Palm Springs, 3 miles away, shows one older home among the two we sampled. Rancho Mirage, 8 miles away, has five older homes among the 15 we sampled. Indian Wells, 14 miles away, counts one older home among the 10 we sampled. Palm Springs ranks tied for 463rd nationally for older homes, behind one of them.

Every neighborhood in the index has its own page, and the California page lists all 177 in the state.

Do older homes in Palm Springs sell for less than new construction?

In our sample, yes. The average price of older homes in 92262 was 22.4 percent of the average price of new construction in the same ZIP code. The California median is 29.5 percent, and the index median is 23.1 percent. With two older homes behind it, treat the figure as a rough guide.

The gap reflects size, lot and condition as much as age, so price an older house against recent sales of other older houses nearby, not against new construction.

Palm Springs by the numbers

Older homes
2
of 5 homes sampled, built 1980 or earlier
Share of older homes
40.0%
California 39.9%. Index 49.0%.
Older vs new
22.4%
Older home price as a share of new construction
National rank
#463 (tie)
of 1,192 ZIP codes
State rank
#58
of 177 in California
Minimum lot
2,245 sq ft
As recorded in the source data

Of the five homes in the Address District sample for Palm Springs (92262), two were built in 1980 or earlier, a share of 40.0 percent. That places 92262 tied for 463rd of 1,192 ZIP codes nationally for the number of older homes, and tied for 58th of 177 in California.

Across the 177 California ZIP codes in the index, 39.9 percent of the homes sampled were built in 1980 or earlier, against 49.0 percent across all 1,192 ZIP codes.

With five homes in the sample, read these figures as a snapshot of the homes sampled rather than a measure of the whole ZIP code.

How 92262 compares

Share of older homes

Homes in the sample built in 1980 or earlier

92262 Palm Springs40.0%
California39.9%
All ZIP codes in the index49.0%

Older home prices against new construction

Average older home price as a share of new construction

92262 Palm Springs22.4%
California median29.5%
Index median23.1%

Nearby neighborhoods in the index

ZIPPlaceDistanceRankShare
92264Palm SpringsRiverside County, CA3 mi76250.0%
92270Rancho MirageRiverside County, CA8 mi18033.3%
92210Indian WellsRiverside County, CA14 mi64410.0%
92253La QuintaRiverside County, CA18 mi8975.0%
92201IndioRiverside County, CA20 mi883100.0%
92274ThermalRiverside County, CA29 mi70733.3%
92314Big BearSan Bernardino County, CA33 mi883100.0%
92315Big Bear LakeSan Bernardino County, CA34 mi883100.0%

The top of California

State rankZIPPlaceHomesOlder homesShare
196161TruckeeNevada County, CA403792.5%
295404Santa RosaSonoma County, CA181688.9%
390266Manhattan BeachManhattan Beach, CA311032.3%
492253La QuintaRiverside County, CA12975.0%
590049BrentwoodLos Angeles, CA17847.1%
691604Studio CityLos Angeles County, CA23730.4%
794025Menlo ParkSan Mateo County, CA33618.2%
890066Mar VistaLos Angeles, CA31619.4%
994010BurlingameSan Mateo County, CA17635.3%
1092660Eastbluff / Dover Shores / Newport CenterNewport Beach, CA16637.5%

All 177 California ZIP codes in the index ›

About the data. Older homes are homes built in 1980 or earlier. Rank orders ZIP codes by the number of older homes in the sample, then by the number of homes. Full methodology and the complete index. Nothing on this page is legal, tax or financial advice.