Blog Posts

Market Improvement

04-20-08
Authored by: Sonia Crose

As I sit here blogging in between potential clients viewing my open house, I have realized that our local real estate market is doing well. With the return of our beautiful warm weather and the sun hanging out longer, has come a positive change in attitude from potential buyers. So suddenly there are more of them.

I had a sense that all was not lost in our Las Cruces market back in January. This if you recall, was the time when everyone was declaring the housing market would crumble. When in actuallity, the only thing crumbling was the businesses of those unsavory individuals who gave mortgages to those who could not afford them. Now as buyers learn of low interests rates and high inventory, they have ventured back to take advantage of a true buyer's market.

There is still a lot to chose from and it can get quite overwhelming. Use a Realtor and do your best to create a list of amenities that you just have to have in a future home. This will help shorten the list of potential properties to a more manageable one. Don't feel like you have to see everything on the market, believe me there is enough out there to keep you occupied for weeks and your head will spin when your done. You aren't any better off for seeing a house that doesn't meet your needs, because all that does is eat up time that you would have had to see the right house.

Not all is lost for sellers. If the seller is willing to price his/her home fairly and be patient as buyers make their way through the oceans of houses out there, they will find that on average it will take about four months before the house will go under contract. Just plan accordingly. Make it stand out in a crowd. Make it easy to show. Keep it clean.

Buyers may have the better end of things these days, but a Win-Win situation can still happen in today's real estate market. It's a good market.

Authored by: Sonia Crose

View of the mountains, Please.

02-02-08
Authored by: Sonia Crose

I have been working with a buyer who is set on finding a home with a view of our BEAUTIFUL Organ Mountains. I can't blame her. One of the highlights of living in Las Cruces is watching the Organs daily. This mountain range is so unique and alive.

My most favorite look of the Organs is when the sun is setting in the West and reflecting it's reds and oranges off of the front of the mountain (which sit in the East). They seem to just glow.

Organ Mountains backyard view

The other look that I just love to see is when the full moon rises over the Organs. They can look so perfect and be so bold and sharp that it seems if you were to reach out you could knock them over as if they were the sceanary on stage in a play.

Moon over the Organs

I love the organs! I love their ever changing look! I love that you can see them from almost anywhere in Las Cruces and even Dona Ana! I love that I can help my buyer find a home from which she will get to enjoy these beautiful mountains daily.

Unfortunately, I do not know the name of the photographer for the photos.

Authored by: Sonia Crose

Home Buyers...Where are you?

01-22-08
Authored by: Sonia Crose

The Real Estate Market is prime for home buyers to take advantage of low interest rates and huge inventory, but where are they? What is it that they are hearing that has kept them from purchasing? I want to change the message they are receiveing whatever that message may be.

This is the perfect time to buy a new home or make an investment in real estate. There is a huge inventory of homes here in the Las Cruces market (and I would guess elsewhere too, but I only know my market). For instance, if you want a home in the $100-200,000 price range, you have 671 homes from which to choose. Move to the $200-300,000 price range and there are 580. That is a lot of choices folks. And we aren't talking all resale, some are brand new, never lived in, with all the latest bells and whistles. The competition is hot for sellers to get a buyer to come take a look.

So some sellers are offering incentives. I've seen sellers offering to pay buyer's closing costs and there's a builder in town offering six months no payments. Imagine living in a house and making no payments for six months!?!

I know that the lending world has tightened up it's strings, but most have just gone back to the normal lending requirements. The crazy "anyone can have a loan" days are gone and for good reason. People with decent credit can still buy a home and they won't lose it to forclosure due to out of control ARMS. So again I ask, Home Buyers.....where are you?

Authored by: Sonia Crose

ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.

Powered by the ActiveRain Real Estate Network

© 2008 ActiveRain Corp. All Rights Reserved