Santa Fe Real Estate and Community News

You've reached the blog for Santa Fe Realty Unlimited. Thank you for your visit. In this Blog, we intend to give insight into real estate and help educate the consumer in order to allow them to make great real estate choices. Real estate, in our eyes, is the backbone of our community. It provides a solid secure investment and a place to call home and raise our families.  We at Santa Fe Realty Unlimited are dedicated to our clients and finding the best solutions to help them with their real estate needs. So please feel free to browse the content on this page and reach out to us if you have any questions whatsoever. Also, If you have a topic that has to do with buying or selling or real estate in general. whether it is in Santa Fe or at the state level of New Mexico or even nationally or internationally, We love a challenge so please do not hesitate to bring it up. Thanks for reading and we hope to hear from you soon.

March 31, 2020

Real Estate Amidst COVID-19

Today I want to discuss where things stand with real estate in the Santa Fe and Albuquerque areas and what we’re doing to keep clients safe during this stressful time.

Today I want to discuss where things stand with real estate in the Santa Fe and Albuquerque areas and what we’re doing to keep clients safe during this stressful time. Our governor has ruled that real estate is an essential business, crucial to the vitality of our economy, so we’re still conducting business. We’re handling a ton of our work virtually. For example, I’m filming video tours of homes so buyers can see them without leaving their houses. Many people still need to buy homes, even during this challenging time.

If you have any questions about the topics discussed in this video, don’t hesitate to reach out to me. I’m here to help.

 

March 12, 2020

The 2 Rooms to Focus on For Renovations

Today I’ll discuss the two most important home renovations that will help you get top dollar in today’s market.

If you’re in the market to sell your home for the most money possible, there are two very important home renovations you need to consider:
 
1. Kitchen. Buyers today are looking for a modern kitchen, which means stainless steel or quartz countertops, large cabinets, and if you have the room, a flow-through from the living area to the kitchen. Islands are also highly sought-after kitchen amenities for many homebuyers. The better your kitchen, the more money you’ll get for the house—you can earn as much as 15% with a renovated kitchen. 

2. Master bathroom. Today’s buyers like walk-in showers and double sinks. If you have room for a separate tub and shower, that will make your bathroom seem more luxurious and bring you more money. If you have enough leftover in your budget, do some minor upgrades to your guest bathroom to match the master bath as much as you can.
 
If you have any questions about renovating your kitchen or bathroom, or selling your home in general, don’t hesitate to reach out to me. I’d be glad to help you.

 

Feb. 27, 2020

Your 2020 Santa Fe Market Update

Inventory is low in our Santa Fe market—here’s what that means for buyers and sellers.

With the first two months of 2020 in the books, where does our Santa Fe market stand compared to last year?
 
In short, we’re in an inventory crunch. We were in an inventory crunch last year, but now it’s gotten worse: There are 20% fewer homes on the market now than there were in 2019. The law of supply and demand has driven up home prices, and the median price stands at $369,000. On the flip side, sales have decreased 18% year over year. 

"The law of supply and demand has driven up home prices." 



If you’re a home seller, now is a great time to list. The situation may get even better, but you can currently demand a high price, have your pick of the offers, and have more negotiating leverage than the buyers interested in your home. 
 
If you’re a buyer, you have to be quick, aggressive, and diligent if you stand a chance of getting the home you want because the good listings are moving fast. Many of them also attract multiple offers, so it’s important to work with a good Realtor. The good news is that even though prices have risen, interest rates are at historic lows, which means you can buy a house for less than what it costs to rent. 
 
If you have any questions about our market or you need help buying or selling, don’t hesitate to reach out to me. I’m happy to help.
Posted in Real Estate News
Dec. 23, 2019

1112 Mckee Dr NE, Albuquerque, NM 87112

Beautiful 2bd-1Ba home has a large yard with great potential perfect for a single family or rental investment!    

Posted in 3D Property Tours
Nov. 11, 2019

Answering Insurance Questions With an Insurance Professional

Is roof damage covered by homeowners insurance? What about flood damage? Matthew Romero joined me recently to answer these questions and more.

I was recently joined by a special guest, Matthew Romero of Liberty Mutual Insurance, to answer a few questions about homeowners and flood insurance directly from an expert. 
 
Here’s an outline of our discussion, with timestamps so that you can skip around to the section(s) that interest you the most:
 
1:05- What kind of roof damage is covered by homeowners insurance?
2:20- Why it’s important to know the age of your roof before buying
2:45- The difference between water backup insurance and flood damage insurance
5:20- Is flood damage insurance affordable? Does Matthew recommend it?
7:15- Wrapping things up
 
If you have any additional questions for Matthew relating to insurance, feel free to reach out and give him a call at (505) 231-8149 or send an email to matthew.romero@libertymutual.com
 
If you have any other real estate-related questions for me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
Nov. 8, 2019

1661 Cerro Gordo Rd

Enter this beautiful historic Cerro Gordo  double adobe residence through the private walls of its warm and inviting courtyard. The home is adorned by beautiful mature vegetation, flowers, and fruit trees fed by drip irrigation.

Nov. 8, 2019

2008 Saint Croix Dr. NW Albuquerque

Well Appointed 3 bed 2 bath home with open floor plan, large master ensuite featuring his and her sinks and a huge walk in closet. Good separation of bedrooms and a fireplace for those cozy winter nights make this home shine. Bring the kids, the dog, you found your new home!!! :)

Oct. 25, 2019

Why Fall and Winter Are Still Great Times to Sell

If you’re looking to sell your home, fall and winter are great times to do it. Here’s why.

Whether you’re better off listing your home now or waiting until spring all depends on your circumstances. If you’re looking to sell now, though, you might as well put your home on the market now. 
 
Even though the market may be a little slower during the fall and winter seasons, there are still plenty of buyers out there looking for homes. Also, if you list now, you’ll face less competition from other sellers. 
 
Many would-be sellers prefer not to have their house on the market during the holiday season because they plan on having guests over, but here’s the thing: You can deny showings anytime you want. If somebody wants to see your home on Christmas Eve and you have family over, you can just say no. 

"Even though the market may be a little slower during the fall and winter seasons, there are still plenty of buyers out there looking for homes." 



If you’ve already listed your home and it hasn’t sold yet, don’t take it off the market. Our market is still going strong, and if you give me a call, I’ll tell you all about what’s happening in your local area and evaluate your situation. 
 
If you have any other questions or any other real estate needs I can take care of, feel free to reach out to me as well. I’d love to hear from you.
Posted in Selling Your Home
Sept. 26, 2019

The 7 Deadly Home Seller Mistakes

Here are seven deadly mistakes that sellers must be careful to avoid when putting their homes on the market.

Today I’ll share the seven deadly mistakes that, unless home sellers are careful to avoid them, could completely derail or destroy a transaction:
 
1. Overpricing. As a seller, pricing is so important, even in today’s hot market. If you’re priced a little bit over the market—even just 5%—your home will sit on the market. Our current buyers can quickly tell if a home has been overpriced.
 
2. Not preparing the home for the market. If your home is prepped and staged, it will sell 88% faster and you’ll get up to 10% more for it. That’s a good reason to make sure all your spaces are clean, inviting, and decluttered.
 
3. Limiting the number of showings you permit. As a seller, it’s in your best interest to allow a buyer to see your home on short notice (which is another good reason to keep it clean).
 
4. Underestimating your selling costs. In any transaction, there’s a little give and take, but it’s important to understand that you may encounter some unexpected costs, so expect the unexpected. If you don’t have money on hand to do a quick repair that comes up on the inspection, we can always try to negotiate on your behalf.
 

"Be sure to review all your offers with an open mind." 



5. Being close-minded. Oftentimes, sellers can get upset over small details in an offer that closes them off to the possibilities of accepting it. Be sure to review all your offers with an open mind. If there’s an aspect that doesn’t work for you, we can help negotiate on your behalf, but don’t just shut down an offer over some little thing; one that could, in the grand scheme, end up being the best one you see.
 
6. Failing to understand the selling process. There are so many individuals involved in the home selling process, including Realtors, appraisers, mortgage lenders, buyers, title officers, surveyors, and more. Having a good understanding of the process (including what can go wrong in a deal) is really beneficial to you.
 
7. Choosing the wrong Realtor. You want to choose a Realtor you can work with, someone who has a fair knowledge of the market and can walk you through the property to give you tips about what’s going on. More importantly, you need someone you can trust. There are many different Realtors out there who all offer different levels of service, so make sure you’re working with someone who will work with you.
 
If you have any questions about selling your home or about the selling process generally, don’t hesitate to reach out. I’m always here to help.
Posted in Selling Your Home
Sept. 16, 2019

La Mesilla Water rights, House and Guest house For Sale Santa Fe Realty

This La Mesilla home for sale is located on a large lush and green lot near Black Mesa Golf Course, with acequia water rights the property is ripe for farming or just enjoying the mature fruit trees and healthy grass. The main house has 3 beds 2 baths granite counter tops and stainless appliance. In addition to the main house there is also a 600 square foot guest house, a workshop, a basement storage and a single car garage. Come see this versatile property today and see what home truly can feel like.