First Time Buyer Tax Credit Ending Soon

Posted At : August 27, 2009 12:15 AM | Posted By : Paula
Related Categories: Taos and Angel Fire Real Estate News

Pending home sales are up for the fifth consecutive month! This is a great sign that consumer confidence is returning to the real estate market here in Taos and in Angel Fire. Now is the time to BUY! Low mortgage interest rates and lower prices on homes plus a large selection of homes on the market in varied price ranges are encouraging buyers who have been "waiting to see".

However, first time buyers need to act soon. In order to take advantage of the $8000 tax credit...you must close by November 30, 2009. Although bills to extend the first time buyers tax credit beyond November 30, 2009 are pending in both the US House and Senate, there is no time like NOW!

So....if you are looking for a home in Taos or a mountain getaway in Angel Fire, allow New Mexico Mountain Properties to assist you in your search.Our knowledgeable and experienced agents have access to the complete Taos Real Estate Multiple Listing Service for Taos, Angel Fire, Red River and surrounding areas of Northern New Mexico.

Realizing the great buyer opportunity, many investors are also recognizing that they can buy and rent their properties. So whether you are a first time buyer or a savvy investor, buying Taos Real Estate and Real Estate in Angel Fire is a great investment.

Give us a call... with offices in Taos and in Angel Fire, we are here to serve you – 888-687-5253

BUY REAL ESTATE NOW AS A HEDGE AGAINST COMING INFLATION

Posted At : August 22, 2009 6:12 PM | Posted By : Paula
Related Categories: Taos and Angel Fire Real Estate News

Buying a mountain home in Angel Fire or a Taos vacation property could be a wise hedge against coming inflation.

Perhaps you have considered purchasing your dream mountain home, but economic and market conditions are eroding your confidence. If you have heard speculation that the next few years will bring inflation, you should realize that with rising inflation your dollars will buy less.

You may be waiting for your stock market portfolio to come back before you purchase, but while you are waiting the price of Taos real estate and homes for sale in Angel Fire as well as the interest rates will be rising. Some economists are recommending residential real estate financing as a hedge against inflation.

Take advantage of the slow recovery of homes for sale in Taos and real estate in Angel Fire during the window of opportunity to finance with low interest fixed rate loans.

Higher inflation is a benefit to borrowers because you are paying back the loan with money that is worth less than when you borrowed. A 5% increase in the price of a Taos home for sale coupled with a 1% increase in the interest rate on your home loan could result in you paying over $20,000 more for your home over the next 10 years.

Currently, it is a buyer's market for real estate in Taos and Angel Fire with a large inventory of mountain vacation homes and properties on the market and many motivated sellers. Therefore, if you are thinking of buying a Taos or Angel Fire home....don't hesitate....buy NOW!

Another consideration is to purchase a ski condo or golf patio home in the Taos Ski Valley, Angel Fire Ski and Golf Resort, or in Red River. Enjoy your mountain vacation home, and take advantage of the tax savings of owning a rental property.

Our Taos property or Angel Fire real estate specialists can assist you in finding your dream mountain log home in Angel FirE, a ski chalet in the Taos Ski Valley or an authentic Taos adobe home.

Come visit us for the Best in Taos Real Estate or Real Estate in Angel Fire. We have offices in both Taos and Angel Fire for your convenience. Allow us to assist you in making your dream of vacation, retirement or investment property come true.

Seller Financing...a creative way to finance real estate

Posted At : August 5, 2009 5:54 PM | Posted By : Paula
Related Categories: Taos and Angel Fire Real Estate News

Even though interest rates are relatively low, obtaining financing to buy a home or land can be a daunting process.

These days, lenders have more restrictive guidelines and the process can be quite lengthy. A more creative financing technique in which an owner sells property to a buyer is called "seller financing".

Seller financing can be used as a vehicle to sell a home or land if the potential buyer does not qualify for a loon under the more strict guidelines or when interest rates are too high. This can be extremely beneficial to both parties.

Of course, this is only an option if a seller does not require principal from the sale.

Seller financing is most common in the sale of larger parcels of bare land that conventional lenders have traditionally not financed.

The benefits of seller financing include substantial savings in closing costs for both buyer and seller. The parties can also negotiate the interest rate and the repayment schedule as well as other conditions of the loan.

The seller can benefit by getting a higher yield on his/her investment by receiving their equity with interest. A seller could also negotiate a higher interest rate than could be obtained otherwise as a compensation for assisting the buyer with financing.

Seller financing in New Mexico is accomplished via a Real Estate Contract. The negotiation of the financing is done as part of the purchase agreement. An outside escrow company usually handles the transaction after the sale. In most cases the buyer pays for the set-up fees and the escrow company collects the payment and passes it on to the seller. That way there is a clear record of payments and the seller cannot foreclose on the buyer stating that he has not received a payment. Therefore, using an independent escrow company protects both buyer and seller.

As long as it is good for both parties, seller financing can be a win-win situation.

New Mexico Mountain Properties has several larger parcels of land at both Taos Pines Ranch and Hidden Lake, two 10-20 acre communities in the Angel Fire area, where sellers are willing to entertain seller financing. If land in Taos is what you are looking for, we also have a fabulous 6 acre parcel which borders Carson National Forest which is available for seller financing.

If you think seller fining could work for you, just give us a call and let us know... whether you are looking for a home in Taos, an Angel Fire vacation home, an investment condo in Taos Ski Valley or the Angel Fire Resort, or land to build your dream home, seller fining could work for you. We will gladly assist you in the process. For the best in Real Estate in Taos or Angel Fire Real Estate, give us a call today. We are here to serve you.

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