All new mortgage loan applications have a couple new loan documents for homebuyers that will be simpler and easier to understand. Here’s what changes you will see as you apply for a new mortgage loan: The new Loan Estimate will replace the Good Faith Estimate and Truth in Lending statement that was used in the…
Details
We’re neck and neck comparing numbers from the 2014 Santa Fe real estate market this time last year. The biggest positive is that we’re 10% up in number of homes sold, and average days on the market is down from 181 to 173. The chart below shows our inventory in different price ranges. We have…
DetailsExpert Advice on Staging During the Holidays by lockboxnews While winter is often considered a difficult time to sell, it can actually be one of the best times of year. Inventory is typically low, meaning less competition and more serious buyers. But how do you keep your clients from getting discouraged during the cold winter…
DetailsSanta Fe’s Farolito Walk on Canyon Road (December 24th) One of Santa Fe’s most beloved holiday traditions, the Canyon Road Farolito Walk, lights up the hearts and souls of thousands who promenade this famous path on Christmas Eve. Small, sand-filled, paper bags illuminated with votive candles line the historic neighborhood streets and adobe walls. Carolers…
Details
Home sales are up and inventory is down! Homes are selling if they are priced right – if you have been waiting for the right time to list your home the time is now. The holidays are a busy time of year; however, if you have the opportunity and are ready to list don’t wait!…
DetailsDream homes come in all sizes. “Jumbo” loan programs are for homebuyers that need a larger loan. Sometimes they are referred to as non-conforming because they exceed the standard conforming loan limits set by Fannie Mae and Freddie Mac. Jumbo investors offer either fixed rate and adjustable rate options for a variety of loan terms.…
DetailsFriday, November 20, 2015 – 5 PM to 9 PM Saturday, November 21, 2015 – 9 AM to 5 PM Sunday, November 22, 2015 – 10 AM to 5 PM Santa Fe Community Convention Center, 201 W. Marcy Street (Downtown Santa Fe) The country’s largest and oldest recycled art market, Recycle Santa Fe Art Festival,…
DetailsThere is a common misconception that spring is the only worthwhile time to list your home, and listing anytime outside the prime “selling season” will lose you thousands. In truth, the fall selling season is the next best time to sell your house. There is a common misconception that spring is the only worthwhile time…
DetailsLending guidelines vary from investor to investor, but most do allow non-employment income to be used if you can verify a history of receipt of the income and confirm that it’s going to continue for a certain length of time, say 3+ years. Here are some basic guidelines on what a lender can use for…
Details
The 2015 3rd Quarter remained steady in closed sales of single family homes. Santa Fe sales are up 4 percent and days on the market down 7.3 percent to 148 days. Even though the median sales prices shows a 2.7% drop, a 12 month comparison between 2014 and 2015 shows the median sales price in Santa…
Details