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.

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.

Sept. 11, 2019

3600 Cerrillos Rd #107 Santa Fe New Mexico

This flexible live work has had many past uses including a salon, a family home, and a doctors office. The flexible space has 4 large rooms, a waiting area, a full size kitchen, laundry area, and two baths. One half and one three quarter. Located in a very desirable area of the complex next the dog park and close to the exit. The grounds themselves are meticulously maintained making for peaceful park like strolls.

Sept. 11, 2019

4512 San Angelo St, Santa Fe N.M. 3D tour home for sale

 

4512 San Angelo St Santa Fe N.M. is a quaint 3 bedroom home for sale. This home features an open floor plan, two full size bathrooms, central air conditioning, and a one car garage. This home for sale in Santa Fe New Mexico is centrally located near movie theaters, shopping, and some great restaurants.  

 

Sept. 3, 2019

The Latest From Our Santa Fe Market

It’s a great time to buy or sell in our Santa Fe market.

As we make our way into September of 2019, we’re still in a strong seller’s market in Santa Fe, especially in the lower price ranges. 
 
Pricing is becoming a more important factor for home sellers, though, because buyers are more wary of overpaying for properties. Part of this trend is due to the uncertainty in our economy caused by the looming trade tariffs. If you overprice your home, odds are it will sit on the market unsold. That being said, we’re still seeing a lot of homes sell within one month. 
 
It’s also a good time to buy because interest rates are as low as we’ve ever seen them. Since money is cheap, you can buy a bigger house, a bigger garage, or whatever else your family needs.
 

"Pricing is becoming a more important factor for home sellers." 



Here in our marketplace, you can definitely find some 3-bedroom homes for under $300,000. The $220,000 range, in particular, features some great homes, but there’s a lot of competition for them. As you climb into the $300,000 to $400,000 range, you’ll find a nicer selection of homes that are staying on the market longer and have a smaller chance of attracting multiple offers. 
 
Finally, once you get into the $500,000 to $600,000 range, you’ll see homes sitting on the market even longer, and these homes are oftentimes second-home properties owned by people from other markets. 
 
If you have any more questions about our Santa Fe market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d love to help you.
Posted in Real Estate News
Aug. 25, 2019

Charming East side Santa Fe Casita 212 A Gonzales Road Santa Fe NM 87501

Classic Adobe Pied-à-terre located minutes from the historic plaza, Canyon road art district and museum hill area. in a desirable Santa Fe East side neighborhood among the foothills of the Sangre de Cristos. This 2 bedroom 2.5 bath Adobe has been recently updated. It sits at the end of a quiet and peaceful lane. The home is very well appointed with a large private patio adjoining the living room and kitchen for indoor/outdoor living beneath the Santa Fe stars. Owner NMREL.

Posted in 3D Property Tours
Aug. 25, 2019

45 Caballo Viejo 4 Bedroom Gem

This beautiful in the La Pradera subdivision boasts views of the Ortiz Mountains out the back portal Stylish tile floors. New homes are still being built in La Pradera, but why buy new at a premium when you can buy this ready to move in home right now.This rare 4 bedroom has been well taken care of and is ready for your family. The home has a nicely landscaped front yard on drip irrigation, a welcoming front portal, open floor plan with flowing kitchen, living room, dining area. The kitchen features a large stylish island with seating. The La Pradera subdivision is a green built community with dedicated open green spaces and many walking trails. A beautiful home in Santa Fe. Your kids can play outside with no worries and neighborhood is quiet. There is a homeowners association that keeps the neighborhood clean and pristine. 

Posted in 3D Property Tours
July 30, 2019

1099 Camino Vista Aurora, Santa Fe NM 2 Bed 2 Bath $215,000.00

Posted in 3D Property Tours
July 1, 2019

How to Buy a Home With Less-Than-Perfect Credit

You don’t have to have a high credit score in order to get a good mortgage. Here are even more alternative options. 

I’m back again for part two of my discussion with Stacy Crossingham about how you can qualify for a mortgage without having stellar credit. Today’s focus is going to be on alternative credit score programs.
 
Government-funded programs such as FHA or VA loans will allow you to get into a home with a score as low as 550. If your score is below that, you’ll need to explore your alternative programs. The interest rate will be a bit higher, at about 5.5% or 6% as opposed to 4% or 4.5%, but you can always refinance down the road if you improve your credit.
 

"Alternative loans will typically require at least a 5% down payment." 



As far as these alternative credit options go, there are some conditions that you’ll need to meet in order to qualify. If your debt-to-income ratio isn’t where it should be or you have some late bill payments, these types of loans are usually more lenient. They usually do require at least a 5% down payment, however. 
 
I think the key point in all of this discussion is that each situation is different, but there are a lot of different solutions out there to help make your dreams of homeownership come true.
 
If you have any questions for Stacy about your personal situation or how she can help you, don’t hesitate to give her a call at (505) 577-4304 or send her an email to Stacy.Crossingham@FinanceOfAmerica.com.
 
If you have any other questions for me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
Posted in Buying a Home
June 14, 2019

How to Get a Mortgage With Bad Credit

Even if you have bad credit, it’s still possible for you to buy a home. Stacy Crossingham joined me recently to explain how. 

Today I’m delighted to be joined by Stacy Crossingham of Finance of America to talk a little bit about alternative credit scores and how to qualify for a mortgage if your credit isn’t perfect.
 
A lot of people think that you need to have a perfect credit score to get a mortgage, but that’s not necessarily the case. Credit scores do play an important role in what your financing costs are, but you can get a mortgage with a FICO score as low as 500. There are plenty of alternative programs and alternative lenders out there to help buyers who find themselves in a bad credit situation. Even if your credit isn’t where it needs to be now, Stacy can show you how to get it to a point where you can qualify.
 
Low credit score loans will require higher payments and might require more money down, but it can be done.
 

"Improving your score isn’t as difficult as you might think.



Improving your credit score isn’t as difficult as you might think. The best way for you to take control of your credit is to take your report, find out what credit you have, and we can use alternative credit like some of your monthly bills to give you more lines of credit to help you qualify for a mortgage. Anything that’s a monthly payment can be utilized as an alternative credit source.
 
If you have negative credit, you’ll need to either negotiate that debt, pay it off, or make those payments more consistent. If you’re constantly reducing your debt without maximizing your line, your score will go up. 
 
Stay tuned for part two of my discussion with Stacy. If you have any questions in the meantime for Stacy, you can give her a call at (505) 577-4303. If you have any other questions for me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
May 28, 2019

Passive Income Through Real Estate

 
Generating passive income through real estate can be a fruitful alternative to laboring at a 9-5 job for your future. Here’s how. 
 

 

This question was recently posed to us: “How do you generate passive income through real estate?” Mortgage advisor Stacy L. Crossingham with Finance of America Mortgage, LLC joins me today to lend her expertise to help answer this. 
 
The opportunity to make passive income is as exciting as it is liberating—it’s an alternative to relying on a 9-5 job to support yourself and establish retirement savings. While there are different avenues you can take with passive income, today’s focus is on real estate. 
 
For those looking to invest in real estate, there are quite a few programs out there that will help you get a foothold in this way and learn how to buy your first property with very little money down. The more properties you develop, the more passive income you can amass via renting. Then, that money can go toward supplementing your retirement or whatever savings strategy you’d like.
 

"The opportunity to make passive income is as exciting as it is liberating." 



You’ll not only develop labor-free, monthly income, but you’ll also develop equity in the property. If venturing out into this territory is a scary thought, know that we have programs for first-time investors where we can aid you in the process. 
 
So many of the great influencers and teachers in financial health, like Robert Kiyosaki, have spoken about the philosophy of having your assets work for you. This way, for example, you can buy a starter home now and after moving into a home later in life, it becomes your investment property. Meanwhile, you’re building wealth until you’re ready to cash it in. 
 
You’re not limited in the ways you can create a stream of passive income through real estate—owning apartment spaces, short-term rentals, or commercial property are all ways you can invest.
 
This means of passive income has created wealth for both of us and we’d like to share this experience with you! If you have an interest in learning more about developing passive income through real estate, don’t be shy and give us a call at Santa Fe Realty. We’d be happy to speak with you about it!