buyers: Homebuyer Mistakes: Offering the Wrong Price - 10/28/14 01:54 AM

The Mistake Most Buyers Make is… Offering the wrong price for the home you really want to buy So how do you know the right price to offer?
The first piece of advice I have for you is that you should have your own Buyer’s Agent that is truly representing you, and has your best interests in mind. Your Buyer’s Agent should be someone with the experience, references, and credentials to provide you with an Accurate, Up to date Analysis of the local Real Estate Market,
Without knowing the market value of the home you want to buy, … (1 comments)

buyers: 8 Tips for Finding the Right Home (And #1 Might Surprise You!) - 10/08/14 02:43 AM
One mistake that potential buyers make is going house hunting without any sort of plan. Some will set off on this journey without knowing what they want, what they need, or what they can afford. We have compiled a list of 8 tips to help you answer those questions to make sure you buy the right home for you!
Talk to Yourself
Ok, don't start ACTUALLY talking to yourself but understand what type of home will suit you. Would you like a new home or will an existing one work for you? Single or multi-story? Would you be able to handle a … (0 comments)

buyers: Financing Isnt Just a Buyer Concern - 09/26/14 02:19 AM
Many of our Las Cruces sellers start out thinking that financing is only a concern when they are on the buyer side of the table. However, it is important for sellers to be aware of the financing situation with the sale of their new home.
For instance, how will you respond to these questions?
Are you willing to consider an FHA offer?
Will you hold the mortgage yourself for high interest and a five-year balloon?
Can I take over your VA loan if I'm not a veteran?
Would you drop your price $15,000 for all cash?
Preparing to judge the buyer's financing proposal requires … (2 comments)

buyers: Do You Suffer From Buyers Remorse? - 09/25/14 02:05 AM
Have you ever bought a new car and the next day started to question whether or not you made the right decision? Have you ever bought a new, expensive TV only to find great deals in the paper the next day?
It happens to many homeowners too. You find the right home, go through the process, sign the closing paper, get your keys, and you're finally a homeowner! How exciting. But later that day, some troubling questions creep into your mind: Did I make the right decision? What if I paid too much? What if a better house for me is … (1 comments)

buyers: Conquering Common Home Buyer Fears - 08/13/14 02:40 AM

I get a few people who contact me from time to time questioning whether or not they should get a house. Their questioning is usually based on the unknown, or fear that they aren’t the right kind of person to buy a home, or that perhaps the market still isn’t stable enough to buy now. Everybody is the right kind of person; it just takes some fine-tuning to really determine what’s really right for the buyer. Here are some of the most common buyer fears that I hear most frequently.
Do I have enough money to buy a home? Before … (0 comments)

buyers: Demystifying Closing Costs - 08/07/14 01:47 AM
Qualifying and being approved for a mortgage are only part of the financial responsibility of buying a home in Las Cruces. There are a host of closing costs that, as a buyer, you should expect. Affordability is a topic on the minds of today's buyers, so researching each of the following costs, large and small, is important.
Down Payment:
This amount ranges depending on the cost of your home, but many financial experts recommend a down payment be at least 20 percent of the total cost of the house. The reason is that it often helps eliminate "PMI - Private Mortgage Insurance". … (2 comments)

buyers: How Changing Jobs Affects Buying a Home - 08/06/14 06:02 AM
For most people, changing employers will not really affect your ability to qualify for a mortgage loan. However, for some home buyers the effects of changing jobs can be disastrous to your loan application.
We were reminded of this a few weeks ago when we worked with a gentleman who just relocated to Las Cruces, NM for a new, and better paying job in a new industry. Unfortunately, part of his new income is based on commission.
Commissioned Employees
If a substantial portion of your income is derived from commissions, you should not change jobs before buying a home. This has … (0 comments)

buyers: How to Tell Which Home is Right For You! - 04/02/14 04:56 AM
It may seem that I am writing this article for potential Home Buyers, but savvy Sellers need this information. A Seller who is aware of what potential Buyers are looking for is a step ahead of their competition, and I want to say any one considering Selling their home, these next six month are going to be the best opportunity to get their home sold quickly and at a fair market price.
How do I know that I have found the right home?
Having worked with hundreds of Buyers, I have found that no sale is ever complete without being asked … (0 comments)

buyers: The Importance of Home Equity (And How it Helps You Build Wealth) - 06/27/13 05:25 AM
Home Equity is the key to your Net Worth, your Wealth, and your Well-Being. Those of us that aren’t among the top 20% richest people in America have 50 -60% of our Net Worth in our Home’s Equity. So, home equity is REALLY IMPORTANT!
Today we are going to talk about increasing your home equity, and thus your wealth, and well-being. The key is based on you investing money in your Mortgage.
Why should you take money you could spend and pay down the amount you owe on your mortgage?
Your Mortgage becomes forced savings plan. Those savings are earning a … (2 comments)

buyers: This Week's Buyers Market: Mortgage Interest - 05/15/13 02:04 AM
Welcome to this week's Buyer's Market. If you haven't already, check out our previous blogs in this series!
Last week's blog covered Equity and Force Savings!
This week we will take a look at mortgage interest and how it affects you.
You can deduct interest charged on a your initial home loan or any secondary loans you took to improve your principal residence. In the early years of a loan, most of your monthly payment is interest, so this can really add up. If you are in a 28% federal tax bracket, this can have the effect of lowering your borrowing … (0 comments)

buyers: Buyers Market: Equity and Savings - 05/08/13 05:39 AM
Last week we went over Appreciation and the cycles of the Las Cruces Real Estate Market.
Before we get into the meat of this weeks Buyer's Market topic, let's backtrack a bit and add one more bit of food-for-thought to last weeks topic. Warren Buffett appeared live on CNBC's Squawk Box with Beck Quick not too long ago. He started off by saying that along with equities, single-family homes are a very attractive investment right now. In fact he said he would buy "a couple hundred thousand" single family homes if it were practical to do so. Why would he? He … (0 comments)

buyers: Buyers Market: Appreciation - 05/01/13 02:38 AM
Last week we started talking about the financial benefits to owning your own home! This week we will take a look at appreciation!
Although Las Cruces real estate moves in cycles, sometimes up, sometimes down, but over the years, Las Cruces real estate has consistently appreciated. This consistent appreciation makes your investment in your home a hedge against inflation.
So how does it compare to other investments?
First is the fact that in the very long term over a period of 20-30 years Real Estate appreciation rates are lower than many other investments (i.e. stocks other equity instruments). They are more … (0 comments)

buyers: Buyers Market: Time to own your dream home! - 04/03/13 05:11 AM
Welcome to the first of a seven part series
We will provide the details the current ‘buy vs rent' climate and the reasons why now is the perfect time to own your own home! Learn the advantages of homeowership, all the details of how to find your dream home.
Let's start out by watching this 90 second video** and start our journey off on the right foot.
Now that we are all on the same page let's talk specifics. What does home ownership have to offer your family?
Freedom from nosey and noisy neighbors. In many cases, your own home … (0 comments)

buyers: 3 More Ways to Make Your First Time Home Buying Experience a Success - 03/13/13 02:23 AM
We think every first time home buyer could use this information to make sure they succeed in buying a home. However, not every first time home buyer is the same so if these steps aren't for you, visit our first time home buying websitefor more information.  
1. Keep detailed records for your spending
Keep track of every single purchase you make. Then take this list and create general categories like food, transportation, rent and utilities, etc. Once you have this list you can find ways to improve and ways to save, and the more you save, the sooner you'll be able … (0 comments)

buyers: Financing Isn't Just a Buyer Concern - 05/18/11 02:49 AM
Many of our Las Cruces sellers start out thinking that financing is only a concern when they are on the buyer side of the table. However, it is important for sellers to be aware of the financing situation with the sale of their new home.
For instance, how will you respond to these questions?
Are you willing to consider an FHA offer?
Will you hold the mortgage yourself for high interest and a five-year balloon?
Can I take over your VA loan if I'm not a veteran?
Would you drop your price $15,000 for all cash?
Preparing to judge the buyer's financing proposal requires … (0 comments)

buyers: 4 Common Buyer Mistakes That You Can Avoid - 03/30/11 03:23 AM
We've said it before and we'll say it again, buying a home is a big financial commitment - very likely, the biggest financial investment you'll ever make. If you don't go about it the right way, you could end up making costly mistakes. Here are four costly home buying mistakes:
Trying to time the market bottom
No doubt, the real estate market has been difficult for several years now. As a result, sellers are on the sidelines because many of them owe more on their homes than the home is worth. And buyers are waiting for prices to drop further.
Buyers should remember that … (3 comments)

buyers: "How to Make a Fortune" by Ron Insana - 01/19/10 04:25 AM

To keep you informed about the Las Cruces Real Estate market, we are providing you with informative articles and information that our team thinks will be of interest to you. If you have any questions, feel free to call or email us.
“This is one of the few times in life you get to buy at the bottom of the market.” NBC’s Today Show recently interviewed their financial expert Ron Insana. What he said is that now is absolutely the best time to buy and invest in Real Estate.
I believe that it is important that you look at this … (1 comments)

 
Evelyn Bruder, CRS, GRI, ABR, E-PRO (Steinborn & Associates Real Estate) Rainmaker large

Evelyn Bruder

CRS, GRI, ABR, E-PRO

Las Cruces, NM

More about me…

Steinborn & Associates Real Estate

Address: 141 N. Roadrunner Parkway, Suite 141, Las Cruces, NM, 88011

Office: (575) 532-2211

Mobile: (575) 650-7224

Email Me

I will provide information about the Las Cruces area Real Estate Market, and in addition, general information on Real Estate related topics. This blog should be a resource for both those already living here, as well as anyone considering relocating or retiring in Las Cruces so I will also add any new and current community Information that I know. This blog's ability to provide day to day information is intended to supplement all of the many Real Estate resources that are to be found on my WEBSTITE: www.HomesForSaleInLasCruces.com I am proud of this Website and I encourage you to visit.


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