Taos real estate & tourism information, maps, homes for sale, land, statistics.
In the Taos real estate market, using the promulgated New Mexico real estate forms from the Realtors® Association of New Mexico, there is a process for offers and counter offers. This process, if properly followed, will produce a document trail that makes it very clear later as to the motivations and desired actions of [...]
Real estate nationally is a mess, and Taos real estate isn’t immune, as I’m sure all of my readers know. Foreclosures aren’t over yet, and there are around 800,000 homes in some stage of foreclosure now. There is this shadow inventory hanging over the market….
Taos real estate is made up a diverse group of property types. However, a large portion of the Taos homes and land transactions are related to vacation and retirement activities. Buyers who can afford to purchase a vacation property in our somewhat pricey market are also many times investors in other businesses or stocks and [...]
Again this week in the Taos News, I see at least one ad touting a real estate brokerage as “Buyer’s Agent for Taos.” I just want to clarify what a Buyer Broker is in New Mexico …{more}
While it’s titled 70 Things First Time Home Buyers Need To Know, this is a great book for anyone who wants to know more about the home buying process…{more}
Taos real estate is in some of the most beautiful country on the planet. And, there’s been a lot of development of single properties by owners over the years that is up long and winding roads in very rural settings. These aren’t subdivisions with developers who met county requirements, zoning and access rules. They’re individual [...]
Though I am not a foreclosure listing broker, I know some of those who handle most of the foreclosures in the Taos real estate market. And, at least one of them is quite busy doing the pre-valuation work that comes before the bank lists the property.
The Taos real estate market has a lot of unique characteristics, but it isn’t immune to market reality. A short piece at Realtor.org speaks to the middle price range markets and how they aren’t necessarily yielding bargains. We have sellers holding the line on price, and buyers coming in thinking that they are going to [...]
Actually, it isn’t just a Taos question, it’s pretty universal. However, the law in New Mexico states that a broker cannot divulge whether a seller will take less than list price, and they can’t divulge if their buyer client will pay more than offered. It’s in the contract representation disclosure pages. It does say that [...]
Taos real estate is not unique in any respect as far as human nature and property negotiations. But it is in its own class due to some features of the Taos real estate market: heavily weighted toward vacation and part-time use; second homes with no need to relocate for job, etc; owners can continue to [...]
