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Foreclosure in Ruidoso : Real Estate Advice

  • All51
  • Local Info4
  • Home Buying16
  • Home Selling1
  • Market Conditions2

Activity 2
Thu Aug 11, 2011
Stephen Haley answered:
One point I forgot to mention is that there has been @ 100 homes sold in Ruidoso for the first 6 months of the year I believe. Now I could be wrong but that's what the system shows.
This breaks down to less than 4 homes a week for 26 weeks and there are about 3 to 4 dozen listed real estate agents/agencies in the Ruidoso zip code area.
So less than 4 homes a week for 36 to 48 real estate agents to share over 6 months is a pretty slim market in my opinion. But I'm not a realtor nor do I have any inside information regarding sales or the number of agents in the Ruidoso zip code area other than what one can find on the internet.

Just another reason why I feel the market is really soft/bad/buyers market.

Maybe people will just hold on to their properties till the market returns to the 2004-2007 glory days in 3 to 5 years, if it even recovers by then. I for one feel we are in a very deep recession that will only get worse as congress continues to destroy the middle class and grow the profits of corporate America and the powerful that actually run this old country. But then again that's only my opinion. I'm a simple guy.

Off my soap box, sorry for the rambling.

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Wed Mar 17, 2010
Dan Chase answered:
Buying at the courthouse steps could mean you buy a hosue with all kinds of other liens attached to it. That means you pay good cash for the house and in the end own a piece of paper worth nothing. You would be buying the banks interest in the property, not the property itself. That interest could be nothing. ... more
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Foreclosure in Ruidoso Zip Codes