Thursday, March 11, 2010

What's Up With the Santa Fe Real Estate Market?

It's been a wetter and grayer winter than normal in Santa Fe. While we're all eagerly awaiting spring, this wetness (127 inch snow base at Santa Fe Ski area) will ensure a verdant landscape and full reservoirs.

Meanwhile, the local real estate market is slogging along with signs of pent-up buyer energy. With much inventory from which to choose and increasing motivation by many sellers, coupled with interest rates holding around 5%, qualified buyers have an excellent opportunity to seize upon their dream of owning a home in Santa Fe.

Having recently taken an 8-hour National Association of Realtors course to be certified in short sales and foreclosures, I can tell you that the frustration, uncertainty and lack of care on the part of banks is generally not worth the effort.

While buyers are being marketed to about the "great deals" in short sales and REO (bank owned) properties, that's not what we're seeing in Santa Fe. I am happy to discuss this with you. Call me: (505) 995-0195.

Moving along with changes and improvements to GreenRoads Realty, please visit our new eZine, www.GreenLivingNewMexico.com for articles about Santa Fe arts, cuisine, non-profit organizations and green real estate.

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