We can fight and argue and persuade and cajole; we can accept and reject and hold grudges and forgive. But there is only one way to improve the real estate market in the Santa Fe, NM market area. That is: sell more land and homes. This blog site has previously documented how important the housing and real property assets are to this area. Look at a large State office building or a modest home, each one contributes to the economy and the financial health of our growing metropolitan area.
Get up off of that couch and buy a house, please! You were probably thinking about it already, a bit tired of the mauve carpeting in your bedroom wing, so now just might be the time to make your move. The choices are numerous; there is truly something for everyone out there. Having trouble finding what you really want? Maybe just looking at 5 more homes will help you focus. Or look online (there is an easy property search link on the right side of my blog site pages) and go thru the photos, even take an afternoon to drive through some neighborhoods and get a feeling for the areas you would consider living in. Close to schools? Check! Close to shopping? Check! Close to your place of employment? Check! Close to the dog park? …the mall? …the best place for live music in Santa Fe? Check, Check, Check!!!
Thinking POSITIVE is just a reminder that we have an entirely new year coming up. As we wrap 2014, the real estate market seems to have lost its steam and lost its momentum. Sales are not increasing and median prices are not going up. That is not a tragedy, but it certainly bears watching. What will 2015 bring? Everyone I know and work with in real estate sales is looking forward to a better year this next year. I tend to think it will be better, what with crazy low interest rates, plenty of resale inventory (and a growing list of newly built homes to shop), a healthy economy and the absolute fact that the Santa Fe area is one of the most pleasant and interesting places to live in the great old USA.
Some like the wide ranging outdoor activity opportunities and venues (you know I am partial to the Dale Ball Trails). Others are crazy about the visual and fine art scene and its large presence in our area. If you are not an artist, do you secretly sketch and scribble when nobody is looking? We are the state capital and that means plenty of jobs are connected to Santa Fe, whether exempt or political appointments? Oh yes, I could go on. The point is we have many reasons to have a positive outlook for the future of our city and when it comes to real estate, everyone has an opinion. If you would like to work with an expert, a knowledge fanatic who is highly ethical and professional, look no further than the author of this blog. Your interests will be respected and protected. And we will have fun along the way, I assure you.
Also, there are tremendous opportunities in seller financed sales these days. Sellers are wise to lock in interest rates well above what a money market account can pay, plus buyers can benefit from avoiding the traditional mortgage lending process. Your host has as much success and experience with seller financing issues as anyone and would love to explore what you can do to take advantage.
2014 will likely be seen as a year of regrouping and catching our breath; getting our energy level up again for the large task ahead. 2012 and 2013 both saw tremendous progress in our working through the excess inventory and underwater homes. There is still some of that to deal with. But its easier to see the day coming soon when appreciation will return and optimism will be rampant. May that day arrive in 2015.
In times that seem perfect for headlines filled with distrust and hate, I am working to do my part to make the world a better place and consume less, spend less and (maybe) eat less. Let’s talk soon.