The bell curve is upside down?

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Because of some interesting attributes of salespeople, there are many ways to describe the residential real estate market without running out of words. If you are a real estate professional, the phrases can seem to challenge describing a home for sale. One person’s cozy is another’s cramped. Reading the text of an ad is not for the faint of heart. The property may feel a certain way and getting that into print can be lucky. Understanding what was written is also the same test as choosing to enjoy the process since there is not much to be surprised about. If you are used to the big views, then you are comparing one with another and the process has been engaged.

Walking a residential lot can also enlighten one about comparing views. Ten strides in any direction can change the overall setting enough to change one or two minds. “This one is good” until the wind changes and the traffic noise doubles. My guess is the closer you are to the best and the worst, the more clarity you should enjoy and expect. This 2 BR home is a great starter home, under $200K and provides a foothold on the stability of one’s life. Owning a home is nice. Jobs are nice too. Everyone should have one they love. The far side of the market, in a home that is boundless and too good to be true is also a home that cannot be ignored. If you are at the top or the bottom of the price ranges around the Santa Fe marketplace, you are getting help from the end of the curve. They don’t get any better than this, someone could say. Say that about either end.

As long as there is no obligation, take that free look at the talent pool and the prospects of success. Look all day, come back in the summer. Find your niche and your hideaway and then nurture it into a home you love returning to. If you are at the top or the bottom, this is all we have right now. Everything in between those brackets is negotiable and yes they are building more somewhere around here.

Once the top end has been established, actually many years ago something in excess of $10 million was rumored, then you exceed that at your own risk. There are properties worth more, but will someone pay more? On the bottom of the price ladder, there are compromises to make and a seller might not have to bend as much to sell. After all, what is the competition? I read a property description that mentioned how suitable a yurt would be on the property. Teenagers would say “relationship goals” with a smirk.



Posted in Home Values, Posts & Updates, Santa Fe area real estate, Uncategorized and tagged , , , , .

The writer is a 68 year-old young man engaged as an active REALTOR (associate broker) with Keller Williams, in real estate sales and management in the Santa Fe NM market area. My career has been in and around the real estate industry for more than 35 years, ranging from mortgage lending (interim, commercial, residential); residential property management and leasing; shopping center development and leasing; real estate sales; sales training; title insurance as an executive and an escrow officer; various management positions; consulting and other related activities. That plus a bunch of banking experience including our family-owned Bank of Santa Fe in the 1980s. Where has the time gone?
My background means you have my working knowledge of the entire transaction process at your disposal. That comes with honesty and no bullshit.