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Santa Fe : Real Estate Advice

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  • Local Info12
  • Home Buying78
  • Home Selling5
  • Market Conditions21

Activity 56
Sat Jan 14, 2012
Brandon DENT answered:
Stay away from the areas that have Covenants and Restrictions, usually the developed communities. The more rural areas don't usually have them.
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Sun Jan 17, 2010
Dallas Texas answered:
Are you talking about marketing your home? Or have buyer purchase home never see it as we might do when we purchase a gift for someone?

Speak with listing agent therefore you can comply with State laws market or sale any home and comply with state statues.

If you are doing a FSBO .... do you realize most home buyers turn to Realtor search for their home purchase than a FSBO.

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

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Tue Oct 27, 2009
Susan Orth answered:
Isaac,
Generally 'Pending Please Show' means there are outstanding contingencies on the contract such as inspections, loan approval or an appraisal. The seller wants to continue showing the property and possibly take a back up offer until all contingencies have been satisfied. Once that happens the status should be changed to 'Under Contract.' ... more
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Mon Jul 27, 2009
Spence Ralston answered:
Jc - Where are you seeing "and -'s"? I'd like to help you but I've looked at a couple of search sites and cannot see what you are referring to. Thanks.
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Thu Apr 2, 2009
Marcia Leary answered:
Nancy - first thing to do is sit down with the mortgage company and review all options right away! There are some good programs out there right now for refinancing but it just depends on your specific situation.

I have a few great mortgage contacts I use for my buyers/sellers here in Santa Fe if you would like to speak with them.

Not sure where your home is located but the market is picking up again. If you want to talk further or would like the names of my mortgage folks, I'd be happy to provide them to you. Just email me.

Marcia Leary
Assoc. Broker/EcoBroker
Prudential Santa Fe
mleary@prusantafe.com
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Fri Sep 20, 2013
Victoria Murphy answered:
Nancy,
You need to speak with some very good finance people. I am going to suggest a few however there are quite a few great ones and there is money to be had
Tammy Blea with New Mexico Bank and Trust at 505-946-2520
Marty Enfield with Century Bank at 505-989-1939
Francis Phillips with 1st Metropolitan Mortgage at 505-982-8310

Hope this helps,
Victoria Murphy
Santa Fe Properties
505-988-3700
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Wed Jul 15, 2009
Spence Ralston answered:
I believe the person or entity responsible for the closing of the transaction is responsible for preparing the 1099-S. So, if this was a cash transaction and you handled the paperwork then you would be responsible for filling out the 1099-S. If it was an attorney or a title company, then they would. Best bet is to talk with your accountant. ... more
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Wed Aug 17, 2011
Debra B Albert PA answered:
Mark,
Contact your insurance company. It has been my experience with past customers that it is not cheap. The insurance companies consider unoccupied residences a high risk. Try Lloyds of London.
Debbie Beichel Albert
Coldwell Banker Residential
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Sun Jan 15, 2012
Emily Medvec answered:
Without the benefit of a crystal ball and only my opinion and bias, the answer would be Santa Fe, New Mexico.
Why? Our community is a destination market and continues to thrive in 2008. In the past month, these major projects were completed - the Railyard District, the Santa Fe Community Center (aka Convention Center), the new Hilton Buffalo Thunder Resort and in a few months the commuter rail service, the railrunner will be live.
Our land is limited by adjacent Native American Pueblo land and water. Hence it is scare and there continues to be appreciation. Recently I helped a buyer with a 1031 Tax Deferred Improvement Exchange where land was purchased for a "buy and hold" and the additional net boot was used to improve it. Land buyers in Santa Fe have several options for land including raw land, residential lots, recreational, residential property or straight acreage. What is important is water and water rights in any land transaction and what restrictions are in place for development. The bottom line would be buy land in a community where people want to live. Santa Fe was recently named #4 by AARP for the best destination community to retire. It is a creative center for art and also a UNESCO city. The American Lung Association rates us #2 for clean air in the US. For me, it is a great place to live and invest. It is a brand and hence there is value whether your investment is land or homes. Look at my Trulia blog for the latest numbers on appreciation. Good luck with your investment. Emily Medvec PS. I relocated her from living on Capitol Hill in Washington DC. It was the best decision I made from both an investment and a lifestyle change perspective.
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Wed Jul 23, 2008
Emily Medvec answered:
Dear Carol. I am a Realtor in Santa Fe, New Mexico and Trulia does give listing brokers the opportunity to advertise their listings. I suggest you look at the links at the bottom of the home page for more details on all of the options available on Trulia for licensed real estate professionals to market their Santa Fe, New Mexico property inventory. The site has substantal traffic and is easy to use. It certainly is a very affordable alternative to print media. Oh, by the way, the Agent2Agent Question and Answer area would be a good resource to browse for more information about how other industry professionals use and see Trulia. Good luck. Emily Medvec ... more
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Sun Sep 6, 2009
Frank O'Mahony answered:
La Cienega is a great location, easy access to BLM land for riding, and minutes from Santa Fe. Lots of horse properties in that area. Here's one....
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Fri Sep 5, 2008
Frank O'Mahony answered:
Of course, the answer is, it depends! However, working numbers for warehouse space would be about $150 sq ft, for office space $225 psf and for retail, well the sky is the limit, but around $275.
Hope that helps. I'm working on several commercial transactions at the moment, and would be happy to give more information.
Frank O'Mahony
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Thu Apr 17, 2008
Josiah Hooten answered:
I doubt it is specifically this city... thing is as a contractor you are given draws as you build, these are HUGE checks, and the state has poor regulation on how these are handled. So you are Joe Contractor, and a little short on the mortgage, but you have a 10k check in the bank for the project you are working on... what do you do?

Another major problem, as far as half-finished homes is the same situation but the owner/builder gets the draws. We can afford a vacation!!

Not exactly a scientific answer, but I've seen it over and over.

If you are considering building, make sure you use a reputable builder/contractor. Check their name with the better business bureau, and verify the references. If you are going to build yourself, don't blow your draw checks!
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Thu Mar 13, 2008
Frank O'Mahony answered:
Those numbers are wrong - there were 621 home sales in the third quarter of 07. Below is a link to Santa Fe Properties' 3rd Quarter Report, with the data you need. Q4 is looking like around the same outcome at this point - drop me an email to and I'll make sure you get the Q4 report in January.
thanks for asking!
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Sat Sep 25, 2010
Kurt Thomas answered:
Are you basing the number off of Trulias listings? If so it may not be %100 accurate. The only way to actually count up FSBO's and Listed homes closed would be contacting the County Assesors office. Not everything is reported through the MLS or posted on Trulia. ... more
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Sun Jan 15, 2012
. answered:
The answer is: it depends. Casa Solana has more upside, long term - but don't expect to fix 'n' flip. Expect to be there for at least 3 years, to recoup your investment. If you simply prefer Casa Alegre, move there - but it's fully valued at this point. Hope that helps! ... more
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