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Home Buying in Taos County : Real Estate Advice

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Activity 12
Sun May 26, 2013
Ron Thomas answered:
I'm surprised that you didn't get a better answer:
Raw land is very, very hard to estimate; because, until it has value due to the oil or minerals on it, it's vale would be determined by the use the owner would put it to: (never end a sentence with a proposition?)
If it was farm or ranch land; that would def affect its value. But you wouldn't value it by buliding a high-rise on it.
Conversely; if it was located in the city, it would make a good ranch or farm.
So when a Buyer want to buy raw land; whether it is 1/4 acre for one building, or 10 acres for a bunch of buildings; they would need to submit a "plan" for what they intended to do with the land. Otherwise, it would difficult or impossible to get a loan to buy the land.

So, if you value the land at $50,000 for a nice big hacienda, someone else may value the land at $500,000 for a Hotel or shopping complex.
... more
0 votes 7 answers Share Flag
Mon Jul 2, 2012
David Stafford answered:
Go to your "My Listings" page and look for the listing you want to send report for, click on "Send Client Listing Reports" and take it from there. However, if you do not see the listing in your list, scroll to bottom and click on the link that says: "Not seeing some of your listings on this page? Try to find or submit them here." Good luck Gregory! ... more
0 votes 1 answer Share Flag
Thu Sep 8, 2011
Tracy and Tego Venturi answered:
My recommendation would be to to ask for a professional measurement on the house as a contingency of your offer. Also, any appraisal done will include a sqft measurement.
0 votes 2 answers Share Flag
Mon Aug 22, 2011
Erik Overn answered:
Minimum of twenty-five characters to say "Following up."
0 votes 9 answers Share Flag
Wed Aug 11, 2010
Brandon DENT answered:
Since Rio Rancho grew more and faster than anywhere in NM, it also collapsed more... Meaning prices fell more than anywhere here... Combined with the fact that there's alway been an abundance of homes, but a shortage of rentals and commercial property to support it's population makes it ideal for investments. ... more
0 votes 3 answers Share Flag
Wed Apr 22, 2009
Voices Member answered:
Gerald, This may sum up the IRS take on the credit for you..... http://www.irs.gov/newsroom/article/0,,id=206291,00.html
http://www.irs.gov/newsroom/article/0,,id=206293,00.html ... http://www.irs.gov/pub/irs-pdf/f5405.pdf

Dunes
... more
1 vote 4 answers Share Flag
Fri Oct 24, 2008
Katharine Fly answered:
Ask about the well and septic system, how new, how deep and if any inspections have been done. Check on any encroachments on the property by utility companies. Check out www.usda.gov about assistance the government might be offering in the form of incentive loans for rural areas. Always check with a local lender to see if they have experience with your type of situation. If you are a first time home buyer or if you have not lived in a home you owned for more than 3 years, you may qualify for a New Mexico Finance Authority (MFA) First time home buyers grant of 3% of the purchase price to use towards your down payment. ... more
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Tue Jul 29, 2008
The Hagley Group answered:
I found a contact for Las Vegas, New Mexico....she may be able to direct you to a specific city.....Ms. Rita Sanchez, Intake Housing Manager at (505) 425-9463
1 vote 1 answer Share Flag
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