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Linda DeVlieg

Know your rules, please!

Part of being a good real estate practitioner is to KNOW YOUR RULES. While I sold Albuquerque real estate for years without having served on a committee or visiting a Board meeting, I was probably walking a tight rope when it came to properly practicing real estate.

Some mistakes that I see every day are just plain honest mistakes. Some are really quite amazing.

The one that is on the top of my mind today is VARIABLE RATE COMMISSION in the MLS menu.

It seems the definition lies more in what it ISN'T than what it is....what is ISN'T is "this compensation I'm offering you, selling broker, could change if my seller/the bank/or a third party decides that it is going to"....NOT!

What this rule specifically means is that the listing broker has a listing agreement with their SELLER (HEY, the owner of the property) that if the listing broker procures the buyer and sells the property, the seller is at an advantage with a change in the commission they are PAYING THEIR LISTING BROKER...that's all...very simple...

The purpose of this rule? Scenario: You as a selling broker are writing an offer on the property at 123 Main Street, and listing broker informs you that they are also writing an offer...you read the MLS menu that states "VARIABLE COMMISSION/YES" and you know at that point that the seller may have a financial advantage to taking an offer written by their own listing broker.

I know, rules may seem just like excess baggage -

Rules are kinda fun when you know them.

My fantastic closing

Met my seller for the first time at closing; she was living out of town when she was referred to me; referred to me by a 'mystery' broker in Santa Fe, New Mexico.

I spoke to her at length about her home over the phone (it was listed with another brokerage, but expiring that night) as soon as it expired the next morning. I sent her an extensive analysis of the market specific to her home's features, not just the 'comps' in the area - an approach I have been using alot once I started putting the 'buyer' hat on. I realized that not all buyers just look at a neighborhood, so if I am going to snag the next buyer, I have to decide what else they might be looking at...they aren't just looking in that neighborhood....so -

Took some fresh new pictures, new remarks "copy"....and away we went. New price, new pictures, new placement in the buyer market.

4 days later, received an offer....and closed in 3 weeks. Yesterday when I walked into the title office I called out her name and up she jumped, hugging me saying "I love you, I love you"....

The best words I have heard in a long time (not that I don't hear them regularly from my best half...but in business this is just great isn't it?)..

What was great about this was that here was a customer who had decreased her price significantly, but like she said to me after closing...it wasn't just the price suggestion, it was how it was presented to her as from a buyer's eyes...once she understood how the house had to be targeted to the right audience, it was clear sailing.

We did find the perfect buyer, a young woman buying her first home - it's picture perfect for her, and my seller left in the moving truck 2 hours after closing with her last bit of possessions...free of her past and giggling all the way into her future.

After the morning I had, this was a great finish to a wonderful transaction...Oh, and did I mention my better half took me to a wonderful dinner out...?

A recipe for the times

Really - it's just a recipe for the times - but the time is the great green chili harvest season here in New Mexico - and a great harvest it is! We tried some this last weekend, and the taste is superb! It's an early drop due to the perfect chili growing weather we have had this year - enjoy!

Green Chile Stew

Courtesy of Santa Fe School of Cooking


Serves 8

3 tablespoons vegetable oil
1 1/2 pounds beef sirloin or pork butt, cut in 1-inch cubes
1 1/2 cups diced onion
1 tablespoon minced garlic
6 cups chicken or beef broth
1 pound red or white potatoes, cut in 1/2 to 3/4-inch cubes
2 to 3 teaspoons salt, to taste
3 cups roasted, peeled, chopped green chile or to taste
3 tablespoons diced red bell pepper
2 tablespoons chopped cilantro, to taste

Heat the oil in a 6-quart pot over high heat and brown the meat in batches. Set aside. In the same oil, saute the onions until golden.
Add the garlic and saute 1 minute. Return the meat to the pan along with any juices that may have accumulated. Add the broth, potatoes,salt and bring to a boil. Reduce the heat and simmer for one hour, until the potatoes are tender. Add the green chile and the red bell pepper, and cook 15 to 20 minutes more. Add the cilantro, stir and serve.

Side Bar: At the school we use locally grown green chile when making the stew. It is roasted over a fire or gas flame, peeled and chopped. When the chile is not in season, we use roasted, peeled, chopped, frozen green chile. You could also use freeze-dried green chile in place of the fresh. A combination of mild and hot chiles produce a more balanced flavor.

Have fun with New Mexico cooking!

If you get confused about any of this, you really call get in touch with me for the details - I love talking cooking in Albuquerque

PUEBLO STYLE HOMES IN ALBUQUERQUE, NEW MEXICO

We are famous for our "pueblo style" homes - flat roofs, rounded edges, stylish interiors with historical touches.

The beauty of a pueblo home is that you can decorate with just about any interior fashion that you desire. I have seen old world antiques, French style furniture, contemporary finishes - they all take on a new character.

The flooring is often made up of saltillo tiles, wood, or brick. The interior wood finishes add architectural character not found in other styles of homes.

Check out these lovely examples of pueblo style homes in the Albuquerque area SEARCH FOR ALBUQUERQUE HOMES

Forest Service to add 140 new jobs in Albuquerque

According to the NM Biz Journal, the Forest Service is going to add 140 new jobs by January '10.

These are going to be jobs that pay between 40-70K annually. They will be looking for new property fo house their facility, and they will be needing up to 100,000 square feet over the next few years.

If they can't find what they are looking for, there is a possibility they will build their own facility.

Great news for our economy, both in the new jobs and the potential for new building projects to house them!

The Forest Service will discuss employment opportunities with interested applicants at a job fair Sept. 9. The fair will be held at Albuquerque's Manzano Mesa Multigenerational Center at 501 Elizabeth St. SE