Please Wake Me When This is Over ... Or

By
Real Estate Broker/Owner with SusanHarrisGroup Powered by EXPRealty.com

 

Is anybody else feeling like there is some sort of strange disconnect between what the media is portraying and what's really happening for those of us Realtors still doing business in the midst of this current market? Granted, in our market in Santa Fe, New Mexico, there is hesitancy on the part of buyers. But that's because buyers are believing that what is critically affecting other markets across the country is affecting us in the same way.

 

In this Real (Estate) World - There's another story that needs to be told: New Mexico has one of the lowest rates of foreclosures, that the sub-prime debacle didn't engulf our communities in the same way, that there is still mortgage money to be loaned and lenders who have programs to meet the needs of qualified borrowers.

The other good part of the story is that Sellers coming on the market now are tending to be much more realistic in their pricing. In other words, this is a good time to be a buyer and there are lots of good values to be found in our community. Santa Fe remains a unique and vibrant community with good opportunities for buyers.

And a word to Sellers: if you're willing to price your property "right" and properly prepare your property for marketing, then you have a reasonable opportunity for selling your property albeit over a longer time on the market. If you're not comfortable adjusting for this current market and you can hold off selling your property, perhaps another solution is to rent it out, or to take a breather and enjoy owning your property for a bit longer. Obviously, when there are important financial decisions to be made, you'll want to consult your CPA or tax adviser. And, remember to consult a Realtor who's active in this market to get the real scoop on what's really happening, in real time.

My view in this Real Estate World  - I'm keeping my eyes wide open and staying awake...  there are still sellers and buyers who need help with their real estate decisions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Location:
New Mexico Santa Fe County Santa Fe
Tags:
real estate
current market
in this real estate world
lenders have money

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Rainer
25,930
Sharon "Toni" Brown
Exit Realty United - South Ozone Park, NY
South Ozone Park - New York City Real Estate

Yanno Susan, it's amazing how people take a little bad news, market adjustment and make it front page news everyday.  That goes to show you how little people are willing to dig for news.  We are the new whipping boy for the spin machine.

My son says it's a Republican ploy to divert our attention from the war.  (he wants to be a politcal analyst at the age of 15)  I think they need to spend more time and efforts educating consumers about pertinent issues involving the market and encouraging those who are looking to buy and are ready, willing and able.  This is a great time for them.

Oct 04, 2007 10:33 PM #1
Rainmaker
174,700
Ki Gray
Austin, TX
Austin Real Estate
I think the media likes to freak people out whenever they can.
Oct 04, 2007 10:49 PM #2
Rainmaker
1,765,576
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate
Since many of the media stories are based on national statistics, they're writing from a detached perspectives. Local agents need to keep putting the word out about their specific markets so that consumers have a more accurate view.
Oct 04, 2007 11:24 PM #3
Rainer
234,135
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
The media can not sell papers without a bunch of negativity!I have a number of agents who are having the best year of their careers..and why?Because they didn't feed into the media nonsense and kept right on working!
Oct 05, 2007 12:16 AM #4
Rainmaker
417,264
Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369
It's frustrating to hear the sky is falling EVERY day when you're not seeing that in your market. We have slowed, some of my listings are sitting, but they have unique problems due to the lot, not pricing. I still have buyers and have closed on at least one property each month this year. I wish consumers would educate themselves that just because one market is having trouble, it's not everywhere.
Oct 05, 2007 12:25 AM #5
Ambassador
798,437
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876
Hi Susan

I see this is your first post on Active Rain.  Congratulations!!  I just wanted to welcome you to a fantastic Real Estate Industry Network! 

Welcome aboard, I hope you'll continue to blog, and invite others.  Wishing you all the success the industry has to offer.

Enjoy!!

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Oct 05, 2007 04:58 PM #6
Rainmaker
417,264
Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369
Susan, thanks for the contact, hope you're doing well and enjoying the rain!
Oct 08, 2007 01:38 PM #7
Rainmaker
217,565
Lucky Lang
Premiere Plus Realty Marco Island - Marco Island, FL
Marco Island & Naples Florida Real Estate

Susan,

Welcome to the RAIN!  (Belated)  You are right on with your post!

Take care and have a GREAT 2008!

Lucky :) 

 

Jan 09, 2008 07:35 PM #8
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Rainmaker
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Susan Harris

RealtorCRS-SantaFe,NM now Powered byEXPRealty.com!
Want to know what's doing in Santa Fe, NM Market? Contact me!
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