silver city (Silver City, NM)
By Linda Ferrara
(Coldwell Banker Enchantment Realty)
April 7, 2009   Attention Investors... 4 singlewides located on 3+ acres just south of town. Each unit is 3 bedrooms - 2 baths and have 2+parking spaces in front of each building. Current rents equal $2000 a month. 3 units are 1994 Cavco's and the 4th is a 1998 Mast. Survey, septic permits, rental agreements, etc. available at office.                                                                       Priced at $215,000.   Linda Ferrara - Cell: 575-519-9249 Coldwell Banker Enchantment Realty 501 Silver Heights Blvd. Silver City, NM 88061 575-538-2931  
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By Blake Farley
(Real Living Hacienda Realty)
The weather is blissful.  The sun is out, the temps are in the high 50's, low 60's and it's February 3rd.  Is it possible that spring is already here?  I won't be so sure of myself to say that, but I did see buds on a tree today.  O' glorious Silver City.
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That's right folks!  Believe it.  Mortgage rates dropped last week to 5.25% for a 30-year fixed and 5.125% for a 15 year fixed.  Is your heart beating with excitement...mine sure is.  This is fabulous news for anyone (yes, I know you're out there) thinking about buying right now.   Let me just illustrate the difference in what a 6.25% interest rate (which you would have gotten ten days ago) and TODAY's interest rate which is 5.25%. Let's just say you decided to buy this incredibly beautiful new home on Cullum Drive (shameless promotion here) for $329,000 with 10% down.  The amount financed would be $296,100: @ 6.25% your payments would be:  $1823/month @ 5.25% your payments would be: $1635/month That's almost a $200 difference in your monthly payment.  Figure out how much that saves you...
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Silver City, NM Real Estate Professionals