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Everything Real Estate in Las Cruces
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FREE
DECEMBER 11, 2008
C U R R E N T H O M E S & L A N D F O R S A L E
By Francis Phillips1st Metropolitan Mortgage
We may have hit the bottom this last June,believe it or not? As housing sales increased thissummer, we saw problematic areas such asSouthern California see its first increase since2005- a whopping 16%, Phoenix up 17% andFlorida showing signs of leveling off. Nationalhomebuilders are back to buying land- LennarCorp., K.B. Homes, Hovnanian and Meritage areshifting from defense to offense and scooping upland for future developments. Even Mad Money,Jim Cramer of CNBC in his Mad Money Blogstates, “I am now telling you that between now andthe next six months you have to buy a house!”
Barry Habib of the Mortgage Market Guide andfrequent commentator for CNBC addressed a LasVegas conference last week with his forecast of astock market bottom in January as fourth quarternews are released with Christmas sales and apossible downturn in real estate in October testingthe June bottom as we saw down payment moneyfreeze up when the stocks tumble in October.Habib continued with his assessment that we maysee a 7800/ 7400 Dow as market lows are tested.
Most important, Habib stated historically thereal estate market usually bottoms six months
before the stock markets. If this theory holds truethen a forecasted January stock market low couldsignal last June’s real estate lows?Is this a good time to buy a home?
This is definitely a buyer’s market! Just thisweek, we saw interest rates drop to 2003 Lowswith 30 year rates in the 4’s and 5’s! Plus yournegotiating power in this market is greater than atany point in the last several years.
If you are interested in buying a home for thelong-term, this is a great time to do so. First TimeHome Buyers- 2009 should be a banner year foryou to buy homes and you will need to act quickly.Not only does the market afford great opportunitynow, you also have till June to take advantage ofthe $7500 Tax Credit approved by Congress.
Investment Property buyers- 2009 is the time toenhance your wealth. Foreclosures and reducedpriced homes avail today for you to find propertiesto cash flow or benefit you tax wise with minimumdown programs.
Brian Buffini, real estate and mortgage trainer,recently said at a conference, “In every downturncycle, there are EIGHT times more millionairescreated! Now is the time to take advantage oftoday’s opportunities.”
HOUSING continued on page 3.
Has a bottom in the housingmarket been established?
JORNADA Immaculate home with 4 bedrooms, 2 baths, fireplace, 2 cargarage, 1490 sq. ft. In area convenient to White Sands, schools &shopping.
4540 CAMINO DOS VIDAS • $169,900
DAVID BLACKMON 575-642-7438WINTON/FLAIR REALTY 575-541-1968
SOUTH VALLEY This amazing home has been recently updated! Roof, paint,doors, carpet, furnace, landscaping plus much more! Spacious 2408 Sq. Ft. withtwo bonus rooms (approx. 150 sf each) not included in the square footage offers,3-bedrooms plus office, 2.75 baths with oversized 2-car garage. Large .40 acrecorner lot with mature green landscaping all around! Conveniently located closeto NMSU, Mesilla Park, shopping, golf, and medical.
4805 AGAVE • $215,979
DEREK GRAHAM 575-639-4590BERNICE HOLGUIN 575-312-0327
STEINBORN GMAC REAL ESTATE 575-522-3698
Updates & Beauty All Around!
1 acre, landscaped with pool and horse corral with fences. Great almostnew home, game room with wet bar, media room, formal dining, study,large walk through pantry, gourmet kitchen with kithen nook… GREATVIEWS!!! Light and bright open floor plan. A must to see! L#805354
3480 CALLE BEDADO • $556,000
NORA STONE 575-649-2281RE/MAX CLASSIC REALTY 575-524-8788
2990 N. Main St.575.521.1000
• 2006 Ranch style home• 1815 SF, 3 Bedrooms, 2 Baths• 30x50 insulated workshop
w/electric• 12x12 tack shed, 24x48 hay shed
• 9 lighted horse pens (varioussizes)• Automatic waterers• 6 Acres planted in alfalfa• EBID and irrigation well
12625 DONA ANA ROAD • $415,000
DAN DELANEY 575-644-0776DAN DELANEY REAL ESTATE 575-647-5041
Live the Ranch Lifestyle!
• Reduced to $199,900! • Elks Club area
• 3 BD/2.5 BA • 1639 sq. ft.
• Corner Lot
3397 PARK RIDGE • $199,900
NATHAN ORTIZ 575-202-0234JOSIE HALL 575-642-6216
ON THE MOVE PROPERTY BROKERS 575-541-6683
Price Reduced!
A Must See!
ELKS CLUB Measuring 2582 SF of living space including 4 bd, 2 1/2 ba, & a 3-cargarage. Lovely exterior with xeriscaped front yard & built-up roof line. Bright foyerthat extends into an exquisite sitting room. Large kitchen featuring a breakfastbar, microwave, dishwasher, refrigerator, & gas range. Expansive great room withkiva fireplace, wet bar, & half bath. Spacious master suite featuring master bathwith jetted tub, shower stall, and vanity. Large backyard with high terraced rockwalls. L#805335
1030 LANTANA • $309,400
EVELYN BRUDER 575-650-7224STEINBORN GMAC REAL ESTATE 575-522-3698
Lantana Estates in Elks Club Area
LAS ALTURAS FOR SALE, LEASE OPTION, REAL ESTATE CONTRACT, OR LEASE$1500.00 PER MONTH. Beautiful one-acre yard with heated swimming pool.Cabana with 3/4 bath, and 3-car garage, 2 story, 2 living areas, beautifullandscape, drip system, four bedrooms + office, skylights, balcony deck, poolroom. Seller is offering $20,000 to refurbish home. Great city and mountain views.
4240 KALANCHO COURT • $425,000
LUCILLE GARCIA 575-640-9361 • TRACEY PIDGE 575-635-1053HOSTED BY WAYNE LINEBARGER 575-405-7635
STEINBORN GMAC REAL ESTATE 575-522-3698
• 3 Bedrooms• 2 Baths• Oversized 2 Car
Garage• New Kitchen• RV Parking
1835 Golden Drive • $168,000
Open Sunday 1-4 p.m.
JORNADA This is a great home and ready for you! Very cleanand move-in ready. Has refrigerated air, drapes convey, andfantastic mountain views from patio.
5187 GRANITE STREET • $169,000
DINNY BOMBERG 575-496-8970MARY NOBLE 575-649-4525
STEINBORN GMAC REAL ESTATE 575-522-3698
Wonderful Home! Horses Allowed!
Wonderful custom built 1 year old home, beautifully maintained, top ofthe line appliances, thermador stove/JennAirre stainless appliances,Southwestern elegance at its best! Proffessional landscaped with dripsystem, back yard has privacy wall. Covered patio front and back withporcelain tile, Gorgeous views of the majestic Organs and city lights.This is your dream home come true!
5025 ALAMO MINE TRAIL • $398,347
NORA STONE 575-649-2281RE/MAX CLASSIC REALTY 575-524-8788
Showcase Home Quality & Amenities
RECENT REMODEL
VVVV iiii eeee wwww TTTT hhhh iiii ssss IIII ssss ssss uuuu eeee OOOO nnnn llll iiii nnnn eeee aaaa tttt
www.LCMovesOnline.com
H O M E O F T H E
W E E KPAGE 6
3025 Sq. Ft. • 4BR • 3.75BA5637 Via Estrella is a
magnificent new 3,025
sq.ft. 4BR, 3.75BA, 3
car garage home on a
private 1.75 acre lot with
incredible views in La
Tierra Escondida. This home features Pella windows throughout,
radial vigas, Tiffany pendant chandeliers, dual on demand water
heaters, dual climate control, audio & TV systems, all appliances,
granite throughout, and more. You must come see this home!
Call Jake to schedule a showing!
5637 VIA ESTRELLA • $589,900
575-650-8615EXIT Realty Horizons
575-532-5678
JakeMossman
TELL YOUR REALTOR® YOU FOUND THEM IN LASCRUCESMOVES.COM DECEMBER 11, 200802 • www.lascrucesmoves.com
(575) 521-1000
ChristineTELLES
ChristineTELLES(575) 650-4121(575) 650-4121
www.ChristineTelles.com
Lot/LandThis is one of the few lots left in the city with great views of all of thevalley....As far as the eye can see a little bit of Heaven on Earth. Weston Picacho-Left (South) on Weinrich (Right) West on Redwolf, Right(South) on Lark Spur Court to cul-de-sac, 2nd lot on Right.Owner/Agent. $110,000
0000 LARKSPUR
NEW LISTINGGreat Family Home! On 1.3 Acres, this 3 Bedroom, 3 Bath plus Office has 3741 sqft of Living Area, Huge Family/Gameroom/Bar Combo Area Inside, as well as anadditional Oversized Patio with Kitchen and Upstairs Deck, also has Two DetachedBar/Buffet areas. Great for Entertaining. Two Car Garage has a Mechanic’s Pit. ThisWonderful Property has Great Views and can be Horse Property. L# 805306.$456,000.
620 ROCKY ROAD
2008 Fall Parade of HomesUnique Home! This elegant beauty offers 3602 square feet of comfort: 3bedrooms, 3.5 bathrooms, oversized 3 car garage, 3 great living areas,granite throughout, imported wood doors, 1498 square feet of tiledentertaining patios, fire pit, built-in BBQ and breathtaking panoramicviews. $747,600
7038 CALLE ESTANCIAS
GREAT HOUSE IN LA MESA, NMGreat Country Home! Perfect for a small family or a wonderful place toretire. Lots of potential! This 3 bedroom, 1 1/2 bath, has 1786 sq. ft., 2living areas, over 800 sq.ft. of open and covered Porch and Patio areas,storage building and great yard with mature landscaping. $150,000
650 SAN MIGUEL AVENUE • PRICE REDUCED!
Office: 575-526-4999 • Toll free: 800-603-3167www.martiwells.com • Email:[email protected]
Accent Real Estate
Marti WellsCRS, GRIOwner Broker575.644.7070
SummerWoods575.650.0930www.lascruceshomesites.com
Stephanie L.Keepers575.635.0741
5120 Melody Ln. - 2026 sq. ft. mobile home with4 BRs plus an office & 2 baths. Sits on 1.56 ac lotwith access from either Melody or Rexview, lots ofroom for toys and animals. L#802171. $115,000Call Marti for an appointment at 575.644.7070
PRICE REDUCED!
2200 Carriage Hills Rd. - Garfield/Salem area. Lots ofroom to roam, this 3519 sf. home wtih at least 4 br andhas 2 baths with 2 more just needing to be finished, 2kitchens and 2 living areas. 3-4 car garage, Shop, 22x36RV Port plus carport. 127 Pecan Trees with EBID waterrights. Horse stalls priced to sell. $199,900. L#803612Call Marti to view at 575-644-7070
PRICE REDUCED TO $199,900!
With Accent on Service
Hwy 187 in Caballo - 2 br. 2.5 baths has attached 2 cargarage plus 4 or 5 RV and boat ports. The upstairs masterbedroom has a nice covered deck with spectacular views ofTurtleback Mt. and Caballo Lake. There is a lot of coveredpatio area for weekend BBQs, the home comes furnished andready to go. This is a must see at $165,000 so call Marti toView. L#802120.
Call Marti for more information at 644-7070.
EVERYTHING YOU’RE LOOKING FOR!!
220 Segovia Lane, Mesquite - 5 Br. 3 bath 2-story home, living room has fireplace sits on1.75 acres. 23x35 pole barn could be 3+ carcarport. $135,000. L#780238. Call Marti formore information.
DON’T MISS OUT!
886611 HHaarrrr iiss •• $$228822,,550000 33008800 CChhiippppeewwaa SSuummmmiitt$$228899,,55000033BBRR,, 22BBAA
33007777 FFeeaatthheerrssttoonnee$$226622,,55000033BBRR,, 22BBAA
Beautiful unique southwestern style home on country lot of 3/4 acre. 3bedrooms all great size in split floor plan. Great view of the Organ mountains!Lots of tile, skylights, and large kitchen. Master suite with his/hers walk-inclosets, jet tub, double sinks and separate tiled shower stall. Low E windows,smart wiring,central refrigerated air, and much more!
LynHaston
(575) 993-6398
(575) 522-4235
Ask Me How To Save an Extra 1% on These Homes**Some Restrictions Apply, Call for Full Details
www.LynHastonLasCrucesRealty.com
Sales & RentalsAvailable
3529 Foothills Rd.575.532.5678
“It is a blessing to make a difference and provide integrity and service in every transaction”
WWW.HOMES4LASCRUCES.COM
• 3 Bedroom/2 Bath • Fireplace • Bamboo Floors• 2-Car Garage • Formal Dining Area • 1668 Sq. Ft.• Sky Lights
983 RIO BRAVO WAY • $176,000
• 2121 Sq. Ft. • Great Investment Property • 4 bedroom/2 bath• Near University Campus • Complete with tenants
1940 THOMAS • $134,900
D E L I V E R I N GKNOCKOUTEXPERIENCE & SERVICE
• View Online
• Print Ads
• Click on Websites
• Read Stories
SEARCH 100’S OF HOMES AT WWW.LASCRUCESMOVES.COM. www.lascrucesmoves.com • 03DECEMBER 11, 2008
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HotHomesofLC.comHotHomesofLC.comJanuary 17 - 23
1
January 24-30
5
December 11-17
4527 Galisteo Lp. Absolutely Beautiful! 2,726 sqft home on a .4 acre lot in SonomaRanch. Custom metal front door invites you in to high ceilings & bright open floorplan. 4 BR, or 3 BR plus office, large great room, plus separate family/media room,2.5 BA & oversized 3 car garage. Amazing kitchen with granite counters, island,wine storage, GE Profile Appliances & huge breakfast bar! Very large mastersuite/bath with jacuzzi tub, snail shower, double vanities, & large walk in closet.Gorgeous fixtures, solid wood doors, beams, nichos and ceiling details throughout.Backyard great for entertaining with large covered patio, fireplace, grill & sink.Great Mountain and City views! Owner/Agent.
Sandra Espiritu 575-312-2969Enchanted Sun Realty 575-532-5406
$10,000 Buyer’s Allowance!
SONOMA RANCH $435,000
2329 Saturn Circle. 3br,2 ba approx. 1850 sq.ft wonderful-ly maintained home with formal living room, dining room,large kichen and large sunroom/family room with fabulousveiws of the Valley! Nice Landscaping! Terrific CoveredLarge Porch and Side Patio! Lots of room for entertaining!$3,500 flooring/updating allowance provided with anacceptable offer! Recently Reduced to $167,500.
Marguerite Weaver 575-621-1792Coss Real Estate 575-524-7653
PRICE SLASHED!
12-4
4-HILLS $167,500
5600 Midway Avenue. 4br, 1.75 bath with approx.1,791 sq. ft on almost 1/3 acre! Living Room, DiningRoom, Kitchen and Nice Sunroom! New paint insideand out! Lots of tile flooring! Price RecentlyReduced to $120,000.
Marguerite Weaver 575-621-1792Coss Real Estate 575-524-7653
PRICE SLASHED!
12-4
PEACHTREE $120,000
1089 Nena Court. Wonderful family home on a quiet cul-de-sacoff Elks. Zoned master with jacuzzi tub, separate shower andwalk-in closet. 2 other nice sized bedrooms and an additionalfull bath. Large family room wih vaulted ceilings and a fireplace.Formal dining room and breakfeast area. Beautiful front andback yards with auto sprinklers. Home has H2O softener andreverse osmosis system. Back on the market with new carpetinstalled in August.
Margy Brown 575-202-1160ERA Sellers, Buyers & Assoc. 575-522-4235
Cul-de-sac Home!
ELKS CLUB $189,0003361 Conocito Place. Now you can have it all… convenientlocation, quality construction plus Seller assistance with closingcosts. This new custom 3 bedroom, 2 bath, 2 car garage, 1660sq. ft. home is located near I-70 and I-25 and features manyupgrades including 2x6 construction, tile in the living areas,hickory cabinetry, all kitchen appliances and a fully landscapedyard. Call for your personal tour. L#802864.
Mary Mulvihill 575-496-6597Barbara Carrison 575-650-2762
Emerick Real Estate, Inc 575-523-2850
www.3361ConocitoPlace.com
11-27
$215,900
1975 Avenida de Antigua. Warm and wonderful Southwestern style3BR/2BA/2CG home in desirable Tierra Verde. Courtyard entry withprivate patio. Great room with wood floors, vigas and fireplace.Separate dining room. Kitchen with all appliances. Spacious masterwith jet tub and shower. Walk-in closets in all bedrooms. Large 10x20Sunroom with french doors and screens. Call for your personal tour.L#805309
Mary Mulvihill 575-496-6597Barbara Carrison 575-650-2762
Emerick Real Estate, Inc 575-523-2850
www.1975AvenidaDeAntigua.com
12-4
$289,500
2335 Glorieta Place. Location, amenities and price make this 3bedroom, 2.5 bath, 2 car garage, 2057 sq. ft., custom home withan open floor plan truly a great buy. Among the many featuresare granite counters, venetian plaster accents, tile throughoutthe living areas and energy efficient construction. To completethe package add mountain views, a stained concrete drive,landscaping, tile roof, and a large covered patio. L#805218
Mary Mulvihill 575-496-6597Barbara Carrison 575-650-2762
Emerick Real Estate, Inc 575-523-2850
www.2335GlorietaPlace.com
11-27
SONOMA RANCH $284,900
2715 Morning Light Place. Very spacious, highly main-tained split bedroom home. Lots of custom kitchen cabi-nets. Really neat corner lot home has very private backyardfeaturing a koi pond waterfall. Beautiful home, great neigh-borhood, incredible price.
Dolores DeMers 575-496-5342RE/MAX Classic Realty 575-524-8788
Privacy & Space!
11-27
HIGH RANGE $250,000
4263 Trillium. Beautiful 3 bedroom, 2 bath home with Elegant Entry intoa Spacious Living area featuring a custom fireplace and a formal diningarea. The Fabulous kitchen features a breakfast bar and breakfast areawith bay window. A Master suite with private entrance to covered patiohas a beautiful bath and large walk-in closet. This Gorgeous Home sitson a corner lot with beautiful front landscaping and a drip/sprinkler sys-tem. All this detail for an Unbelievably Great price!!
Lennie Rainwater 575-642-4513Margy Brown 575-202-1160
ERA Sellers, Buyers & Assoc. 575-522-4235
www.4263TrilliumDrive.com
11-20
ELKS CLUB $194,000
4270 Salvia Loop. Xeriscaped front, enclosed private courtyard.Great curb appeal. Highlights include high ceilings, large Great RmGourmet Kitchen, Breakfast Rm & Formal Dining Rm. Split BR plan.Master w/patio & beautiful Master Bath. There is a Separate Casita.Outside wrap-around private covered patio w/ gorgeous view of theOrgan Mountains & outdoor kitchen. There is also a balcony to relaxand enjoy the views. Owner/agent. L#784969.
Visit http://4270salvialoop.homesinlascrucesnewmexico.com
Evelyn Bruder 575-650-7224Steinborn GMAC Real Estate 575-522-3698
Fabulous Home With Many Features!
SONOMA RANCH $449,9002264 Sedona Hills Pkwy. NEW LISTING in TIME for the HOLIDAYS! Earn$50,000* by purchasing today! SW design, NO maintenance, ranch stylehome on the hilltop along the 4th fairway of Sonoma Ranch Golf Course.Better than new; 2006 built, 3 bedrooms*, 2 baths, all tiled floors, 2030 sq.ft. 2 car garage. All appliances are included. The large, xeriscaped lot canaccommodate your design in a pool/hot tub/spa/waterscape. There arespectacular views all around, especially west to the city lights and sunsetsbeyond the Golf Course. There are too many custom upgrades to mention!Please call me for details. *3rd bedroom is currently an office; Owner’s value of this
home is $450,000; the sale price is $399,900; owner carry terms can be discussed.
Tom Tetting 575-405-8618RE/MAX Classic Realty 575-524-8788
www.2264SedonaHillsParkway.com
11-27
SONOMA RANCH $385,000
3540 Coral Rd. This could be your sanctuary, your place tothink with such great views of the Organ mountains and theCity. Country living with views that won't quit.
Rita King 575-640-6019RE/MAX Classic Realty 575-524-8788
New Listing!
SHALEM COLONY $289,000
Close Out Sale 3%
towardsCLOSING COSTS
$1,000 Realtor BonusCALL TODAY!5531 PATAGONIA
$128,800
5555 PATAGONIA
$139,750
David R. Blackmon (575) 642-7438WINTON/FLAIR REALTY (575) 541-1968
Sponsored by:
1st Metropolitan Mortgage2508 N Telshor BlvdLas Cruces NM 88011
Has a bottom in the housingmarket been established?
(CONTINUED FROM FRONT COVER)
John D. Rockefeller said, “The time to buy
real estate is when blood is flowing in the
streets.” There has been much panic selling in
the real estate market where today’s deals will
not likely be around in the future. Of course,
there will always be deals available, but the
type of deals available today are not going to
last forever. Everyone talks about buying low
and selling high and picking that magic target
of market bottom. But a common sense
approach to picking the market bottom has
always been helpful. When you see consumer
despondency and depression, then NOW is the
time to buy! We definitely are experiencing
this today and months ago.
Interest rates for 2009 and whenshould I refi?
Many times in 2008 we saw a recurring pat-
tern when low 5’s are reached for the 30 year-
fixed, then we immediately see rates move to
the 6’s. This holds true today. 30- year fixed
rates can be sought in the low 5’s with points
and higher 5’s with no points. What a bargain!
Jumbo’s in the high 5’s and low 6’s for 30-year
fixed. What a deal! When we see real estate
sales increase and economic news improve,
then expect to see interest rates rise. As we see
the pendulum swing back to a stronger econo-
my one day you will see interest rates rise on
the prospect of this news. Hence, now is the
time to refi while you have these incredible
lows.
Stocks/ Mutual Funds/CD’sversus real estate?
Last eight years real estate has afforded the
best growth with positive returns while the
Dow, Nasdaq and S&P500 showed negative
returns. Buy real estate!
As long as your timeframe isgreater than two years, now isprobably the best real estate buy-ing opportunity in over twodecades.
The best thing to do is work with a
team of professionals to help structure
your home purchase transaction in
ways where you could save the most
money. Strategies for you to consider
include seller-paid closing costs and dis-
count points to lower your long-term
rate even more. Maximize acquisition
indebtedness to create tax benefits.
Structuring down payments and even
100% loans to buy property you
thought you could not buy? It is always
advisable to consult with a Certified
Mortgage Planning Specialist when
navigating in today’s markets.
NEWS
575.202.8351 ext.103
TELL YOUR REALTOR® YOU FOUND THEM IN LASCRUCESMOVES.COM DECEMBER 11, 200804 • www.lascrucesmoves.com
Realtor WebsiteDIRECTORY
Vacation Rentals Available!www.LasCrucesVacationRentals.com
Are You Looking to:Buy? I can help you get pre-qualified for free.
Sell? I will perform a free market analysis.
Relocate? Free relocation package, here or where
ever you are moving to.
Rent? I have furnished/unfurnished, short/
long-term rentals available.
Facing Foreclosure? I am a short sale specialist
that can help you prevent foreclosure!
If you’re buying or selling... Call today
for one-on-oneservice!
If you’re buying or selling... Call today
for one-on-oneservice!
www.QueenofLasCrucesRealEstate.com
1208 Friendship Dr.$45,000
This is a piece of land that is.158 acres near Mayfield HighSchool. It is the perfect locationfor a family to build their home.Owner/Agent.
209 Happy Trails North$75,000
Great double-wide manufactured home.Good location for retirees. Call Rita for more
information.
www.EnchantedSunRealty.com575.532.5406
ABILITY:Is what you are capable of.
MOTIVATION:Determines what you do.
ATTITUDE:Determines how well you do it.
Exceptional Customer Service, Always.Call me I'd love to help!
575.312.2969SandraEspiritu
QualifyingBroker/Owner
Se Habla Español
KKrriissttiinnaa LLuucceerroo((557755)) 449966--77445500
SStteepphhaanniiee TToowwnnssaannddTTeeaamm AAssssiissttaanntt
LLuucciillllee GGaarrcciiaa((557755)) 664400--99336611
GGaarryy CCaannttrreellll((557755)) 664444--99552266
TTrraacceeyy PPiiddggee((557755)) 663355--11005533
SSaarraahh JJaannddaallii((557755)) 664499--77221155
TEAMTwätÇàtzx
Visit my website at www.gregshermansomething.com
575.523.2850
FEATURED PROPERTY
www.10035TuscanyDrive.com
1100003355 TTuussccaannyy DDrriivvee •• $$449977,,9900003 BEDROOMS • 2.5 BATHS • 2-CAR GARAGE • 3,068 SQ. FT.
Quality construction and elegant décor combine to make thisPicacho Hills home a one-of-a-kind treasure. Amenities include a
gourmet kitchen with top of the line appliances, large office, foyer,great room w/FP and formal living room with FP and wet bar.
Professionally landscaped with mountain & valley views. Ask aboutthe special buyer bonus. L#803306.
SEARCH 100’S OF HOMES AT WWW.LASCRUCESMOVES.COM. www.lascrucesmoves.com • 05DECEMBER 11, 2008
VOLUME 6 ISSUE 10Online at
www.lascrucesmoves.comwww.usahomes.org
575.524.8900Riley Stephens ext:[email protected]
Ceci Marquez ext: 135Managing [email protected]
George de la Torre ext: 128Client Services [email protected]
Jorge Lopez 575-636-7706Advertising [email protected]
DISTRIBUTIONLasCrucesMoves.com is available
throughout Dona Ana County in high-traffic locations and in our bright blue newsstands. For the location
nearest you or for a free copy by mail call 575.524.8900
ADVERTISING
To advertise in LasCrucesMoves.comcall Jorge Lopez at 575-636-7706
Deadline to submit advertising: Monday 5:00 pm. Advertising may be submitted by
fax: 866.524.8900 or email:[email protected]
SUBSCRIPTIONSOrder a subscription of the Real Estate Weekly.
Six months: $44
©2008 Mesa Publishing Corporation2001 E. Lohman, Suite 110-270
Las Cruces, NM 88001 • (575) 524-8900E-Mail: [email protected]
Federal FairHousing Act,
which makes it illegal to advertise “any preferences, limita-tion or discrimination based on race, color, religion, sex,handicap, familial status, or national origin, or intention to
make any such preference, limitation or discrimination.” MesaPublishing Corp. assumes no responsibility and shall have no liabili-ty whatsoever for errors or omissions in LasCrucesMoves.com.Publisher reserves the right to edit or refuse any advertising submit-ted.Mesa Publishing Corp. is committed to promoting the AmericanDream of homeownership through dissemination of real estate infor-mation and advertising in its print and electronic publications. Weserve home buyers, home sellers, and our advertisers.
A RR EE AA LL EE SS TT AA TT EE WW EE EE KK LL YY P U B L I C A T I O N
Francis PhillipsSenior Loan AdvisorAvailable Weekends
1st Metropolitan Mortgage
• 25 Plus Years Financial Services Industry Experience
• Residential - 100% HERO MFA VA USDA FHA
• Loan Officer of the Year 2006 & 2008
• Branch Manager of the Year 2007
• Commercial — Large and Small
• Program Director for Herocare
• Let’s Get It Done!
575 202 8351 ext 1032508 N Telshor Blvd
Las Cruces, NM 88011
For every loanclosed, $100 isdonated to Las Cruces Habitat forHumanity. Your Loan will bepart of house #3.
National Sales Volume + National Discounts = Lower Rates For You.Licensed in the State of New mexico. Licensed by the California Department of Corporations under the
Residential mortgage Lending Act. Empire Equity Group, Inc. D/B/A 1st Metropolitan Mortage is licensed
by the Virginia State Corporation Commission (License N. MB-1432). Empire Equity Groups, Inc.
D/B/A 1st Metropolitan Mortgage is licensed by the Washington Department of Financial
Institutions under the Consumer Loan Act (License Number 520-CL-23974-29186). EQUAL HOUSINGOPPORTUNITY
Charles PidgeOwner/Manager
1st Metropolitan Mortgage
• Residential - 100% HERO MFA VA USDA FHA
• Top Producer in New Mexico 2005-2008
• Regional Top Producer 2006-2008
• Commercial — Large and Small
• Program Director for Herocare
• Let’s Get It Done!
575 635 73312508 N Telshor Blvd
Las Cruces, NM 88011
For every loanclosed, $100 isdonated to Las Cruces Habitat forHumanity. Your Loan will bepart of house #3.
National Sales Volume + National Discounts = Lower Rates For You.Licensed in the State of New mexico. Licensed by the California Department of Corporations under the
Residential mortgage Lending Act. Empire Equity Group, Inc. D/B/A 1st Metropolitan Mortage is licensed
by the Virginia State Corporation Commission (License N. MB-1432). Empire Equity Groups, Inc.
D/B/A 1st Metropolitan Mortgage is licensed by the Washington Department of Financial
Institutions under the Consumer Loan Act (License Number 520-CL-23974-29186). EQUAL HOUSINGOPPORTUNITY
DAN DELANEY REAL ESTATEOffice 575-647-5041 • Mobile 575-644-0776Web site: www.zianet.com/nmlandman • email: [email protected]
Dan DelaneyBroker/Owner 318 West Amador • Las Cruces, NM 88005
Call Dan Delaney for more information on these homes at 575-647-5041 or 575-644-0776.
4620 Firefly Road • $365,000
• 1995 Southwest style home
• 2214 SF, 2x6 construction
• 2 Bedrooms, 3 Baths, 3 Car garage
• Living room with wood burning FP
• Dining room, Family room w/ bar
• Low E windows
• 24x40 Mueller workshop w/electric
• 2 Acres
15755 Hawkeye Canyon Rd. • $699,000
• 2007 Tom Capron design
• 2x6 construction
• Commercial grade polymer roof
• 4247 SF, 3 Bedrooms, 2 1/2 Baths
• Living rm, Hobby rm, Media rm, Office
• 3 Car garage w/temp regulated wine rm
• Outdoor kitchen, fireplace & vineyard
• 5 Acres with stunning mtn & valley views
6625 Third Street • $550,000
• 2006 Southwest style home, 2x6 construction• 2989 SF, 5 Bedrooms, 3 1/2 Baths, 3 Car
Garage• 9 solar lights, passive solar pre-heaters for
H2O’s• Gourmet kitchen w/stainless steel appliances
• Hickory cabinets & Caesar stone countertops• 2 gas furnaces, 2 refrigerated air units• Jeld-wen windows (lifetime warranty)• Outdoor kitchen, covered patio & porch,
5 Acres
1817 Valley Drive • $59,900
• Built in 1952• 728 SF, 2 Bedrooms, 1 Bath• Carpet in both bedrooms &
living area
• New windows & exterior doors• New paint outside• City gas, water, sewer
TELL YOUR REALTOR® YOU FOUND THEM IN LASCRUCESMOVES.COM DECEMBER 11, 200806 • www.lascrucesmoves.com
1 MONTHS FREE RENT WITH 1 YEAR OR MORECONTRACT!!! OPTION TO BUY!$1,000/MONTH • 3 BR, 2.5 BA
KAREN STULL 575-649-4346JAMIE STULL REAL ESTATE 575-522-3700
6105 HIGH DESERT
$1,350/MONTH • $1,400/DEPOSIT3 BR, Split plan
LYN HASTON 575-993-6398ERA SELLERS, BUYERS & ASSOCIATES 575-522-4235
861 HARRIS ROAD
$1,025/MONTH • $1,000/DEPOSIT3 BR, 2BA, Brand new
LYN HASTON 575-993-6398ERA SELLERS, BUYERS & ASSOCIATES 575-522-4235
1987 A & D PINETRAIL
$900/MONTH • $700/DEPOSIT1362 Sf • 3 BR, 2 BA • Open floor plan
CALL LANDMARK REAL ESTATE AT 575.525.8114
5032 ARENA
$675/MONTH • $675/DEPOSITAppx. 1100 SF • 3BR, 1BA • Wood floors thru out
CALL LANDMARK REAL ESTATE AT 575.525.8114
1001 CHAPARRO
$950/MONTH • $900/DEPOSIT3 BR, 2BA, Brand new
LYN HASTON 575-993-6398ERA SELLERS, BUYERS & ASSOCIATES 575-522-4235
1987 B & C PINETRAIL
$800/MONTH1332 sq ft, tenant pays utilities, 1 car garage
3 bed, 2 bath, 1/3 acreMARTI WELLS 575-644-7070
ACCENT REAL ESTATE 575-526-4999
5117 HACIENDA
$950/MONTH3 BR, 2 BA • Approx. 1600 Sq. ft.
KAREN STULL 575-649-4346JAMIE STULL REAL ESTATE 575-522-3700
6133 HIGH DESERT
TO ADVERTISE IN HOMES FOR RENT... CALL JORGE TODAY AT 575-636-7706
H O M E O F T H E W E E K
Chris Harrison (575) 496-0141EXIT Realty Horizons (575) 532-5678
Visit LasCrucesMoves.com and click on the “Home of the Week” for additional photos and information.
3840 Frontier Drive
Views to die for! If you’re looking for ahome with views... this is it! IncredibleOrgan Mtn. views and view of the citylights at night. 3 bedroom, 2 bathhome with 1902 sq. ft. in High Range.
Features include: • Large living room w/ 3 sided fire-
place• Formal dining room w/ bay win-
dows• Country kitchen w/ breakfast bar &
pantry• Split bedroom plan• Master bath w/ jetted tub & 2 east-
facing windows• Private backyard• Home warranty until May 09!
DDiirreeccttiioonnss:: Take Roadrunner, then head west on Frontier Dr.
Call for a showing today!
AAsskkiinngg PPrriiccee:: $269,000
WINE & CHEESE OPEN HOUSESunday, Dec. 14th - 1:00-4:00 p.m.
575-521-1000575-521-1000Toll Free 1-866-527-2100Toll Free 1-866-527-2100
2990 N. Main Street • Las Cruces, NM 88001 • www.ColdwellBankerLC.comLESA ANDRADA
575-644-2204STEVIE BENNETT
BROKER, MANAGERSUSAN BLANK575-621-2599
SUE BROWN575-640-6346
BRENDA COUGHLIN575-644-0887
PATRICIA DIAZ575-642-8555
HOWARD DUKES575-649-4595
MONICA ESCAMILLA575-650-3234
ZANE FIKANY575-640-4374
TOM FINELLO575-649-6007
NANCY GABALDON575-496-1746
RUTH GANDARA575-680-4186
MICHAEL GARCIA575-635-3341
SUSAN GARZA575-644-2888
HOMER GARZA575-644-0802
ROSE GONZALES 575-650-7842
CONNIE HETTINGA575-640-7279
KEITH HETTINGA575-640-7278
ETTA KAUFMAN575-496-3967
SANDY MAESE575-650-3002
KENNY McCARDLE575-642-9066
MARTIE OLIVAS575-642-2107
JIM PARKS575-640-8100
PATRICIA PRECIADO 575-650-7899
JUNE POLAKOVIC 575-644-2299
CHRISTINE TELLES575-650-4121
PEGGY SHINN575-650-7344
DONNA THOMAS 575-640-4595
JOANN BOSSE575-312-1124
LASZLO BRAUN575-993-8755
HABLO ESPAÑOL
REAL ESTATE CAREER NIGHT: Jan. 6th, 5:30-6:30 PM. REAL ESTATE CAREER NIGHT: Jan. 6th, 5:30-6:30 PM. Call 521-1000 for reservations!
10 Indoor horse pens, roping area,12 outdoor pens with shade andround pen. Also has one brick homeand 2 mobile homes w/income of$1850 monthly. L#805651.
SUSAN GARZA (575) 644-2888
GREAGREAT HORSE PROPERT HORSE PROPERTY INTY INTHE SOUTH VTHE SOUTH VALLEYALLEY
Cute & affordable 4 bedroom home on acorner lot. Home offers a split bedroomfloor plan, kitchen is light & bright, all tilefloors, metal roof, newer master cool,ceiling fans and all fenced in for privacy.Motivated Seller! $109,000.
PATRICIA PRECIADO (575) 650-7899
MOTIVMOTIVAATED SELLERTED SELLER
Stylish entry and great room designmakes this a very charming home.Granite, tile, high ceilings. 1860 sq. ft.and low maintenance make this amust see for the value. Built in2004.Owner/Agent. $275,000.
SUE BROWN (575) 650-6346
PRICE REDUCEDPRICE REDUCED
One plus acre land parcel allows for horses.Magnificently designed Santa Fe style home is sur-rounded by a privacy wall. Huge open Great Room,kitchen, dining with fireplace. Saltillo tile throughoutwith talavera accent tile. Gorgeous art tile work onmany walls, talavera sinks, cathedral ceilings.Center of rear courtyard is an 80 year old tree offer-ing serene setting. Central location yet peaceful sur-roundings. $495,000. 3590 N. Highway 28
ETTA KAUFMAN (575) 496-3967
3590 N. HIGHW3590 N. HIGHWAAY 28 Y 28
Located of HWY 70, sits this Lovely Custom BuiltHome. 3bed (2 Master suites),3 bathrooms, Built in2007, 1856 sq ft of living space, sitting on .75 acres.Carpet, tile, Ceiling fans & Designer Paint colorsthroughout. Kiva Fireplace, Large Country Kitchenwith Island & Breakfast Bar & Walk-in Pantry. It's amust see! Directions: Hwy 70 east, exit Weisner(North), Right on Lisa Lane, Left on Wagons EastTrail. L#805193. $259,450
MONICA ESCAMILLA (575) 650-3234
NEW LISTING!NEW LISTING!
2020xx28 WORKSHOP28 WORKSHOP
Custom built home. Southwestern Style. Possible 5bdrm. 4 Bd w/ large office, 3 full baths, split bedroomfloor plan. Perfect for large family with growing chil-dren. RV access. Formal dining, open floor plan.Huge master with huge walk-in closet. Tile through-out. High ceilings, appliances stay. Large coveredporch and patio. 5 acre lot, 2477 sq.ft. only 2 yearsold!! Great home for the price. $249,900.
MICHAEL GARCIA (575) 635-3341
5158 AP5158 APACHE TRAILACHE TRAIL
Master craftsmanship built this highly effi-cient large 2 bedroom home. Enjoy themultitude of benefits of adobe construc-tion including stable temperature, quietand low utility costs. 4+ acres. Horsesallowed. $499,500. L# 783514.
TOM FINELLO (575) 521-1000 EXT:234
AUTHENTIC ADOBEAUTHENTIC ADOBE
• 1536 sq. ft./Built 1998
• 3 Bedrooms (split) 2 Baths
• Gas fireplace
• Mature landscaping w/sprinkler/drip system
• Blinds, Fans throughout
• L#802068
ROSE GONZALES (575) 650-7842
MOTIVMOTIVAATED SELLERTED SELLER
• 3 Bedrooms• 2 Baths• Oversized 2 Car Garage• New Kitchen• RV Parking• $168,000.
CONNIE HETTINGA (575) 640-7279 ZANE FIKANY (575) 640-4374
RECENT REMODELRECENT REMODEL
This 3 bedroom, 1.5 bath home is sold “as is” with lots ofpotential. Large lot with mature trees in front & backyards. Nicely built storage shed in back conveys withproperty. Perfect for 1st time home buyers. Great Price @$106,000! On paved street with easy access to I-10 andcenter point for Las Cruces & El Paso commuters. Sellersare motivated to accept offers. Directions: I-10 South,Mesquite Exit, Left on Stern, Right on La Fe Avenue.House on left side of street.
MARTIE OLIVAS (575) 642-2107
NEW LISTINGNEW LISTING
Beautiful, Well-Maintained Manufactured Homeon .37 Acre with New Storage Shed. 4 Br., 3 Ba,1900 Sq Ft. Large Family Room w/Fireplace.Spacious Kitchen, Light & Bright! NOW ONLY$124,777 MOTIVATED SELLERS. CALLTODAY! #803235
JUNE POLAKOVIC (575) 644-2299PATRICIA DIAZ (575) 642-8555
PRICE REDUCEDPRICE REDUCED
Country Escape!! Just minutes from Old Mesilla andLas Cruces. This 2855 square foot home rests on 1acre of land with 3 bedrooms, 2.5 bathrooms andonly 2 years old. 2 kiva fireplaces, 2 car garage withplenty of room for parking. Extensive use of satillotiles, vigas, nichos with granite counters and zonedheating and cooling. Large master closets withample storage. L#801928 $497,475.
HOWARD DUKES (575) 649-4595
600 SANDY BEACH600 SANDY BEACH
Wrap Yourself in Relaxation in your own PrivateRetreat. This luxury estate home offers 3 bed-rooms/2.5 Bathrooms, Built in 1994, One owner cus-tom home, 4000SF of living area, 1.75 acres, 3 CarGarage, EBID water rights, full perimeter concretefence, Low NM property taxes! Must see to appreci-ate, call today for your private showing. $680,000
NANCY GABALDON (575) 496-1746 MICHAEL GARCIA (575) 635-3341
NEW LISTINGNEW LISTING
Looking for quality, graciousness and beautyin a home? This is it! Great 3 bedroom, 1.75bath Alameda home has it all-a large sunroom forlazy afternoons, fabulous office for taking care ofbusiness and gorgeous private back yard withmature pecan and apricot trees, a multitude ofbeautiful flowers and the space to grow more.Possible Owner Financing. 1915 Alameda
DONNA THOMAS (575) 640-4595
FFANTANTASTIC PRICE- $160,000!ASTIC PRICE- $160,000!
You sure can see the views from this home!From the kitchen, from the Great Room,from the master bedroom, from the patio.2044 sq. ft. of livable space. 3 bedrooms 2baths, built in 2005. There’s a wrap aroundback patio and a water feature too! Pricereduced, $265,000. L# 803115
SANDY MAESE (575) 650-3002
OH, SAOH, SAY CAN YOU SEE!Y CAN YOU SEE!
Enjoy the gorgeous mountain & valley views! This excep-tionally well maintained home with 2,537 sq. ft., 3 bed-rooms, 2 baths, formal dining, family room w/kiva fire-place and french doors. Large kitchen w/cooktop island,pull-out cabinets, breakfast area, utility/craft room w/plen-ty of counter space and storage. This residence sits on 2acres, includes a separate 20x28 workshop, oversized 3car garage, RV access, courtyard, open patios, ascreened in patio….& much more. A must see! Priced at$410,000
BRENDA COUGHLIN (575) 644-0887
SEARCH 100’S OF HOMES AT WWW.LASCRUCESMOVES.COM. www.lascrucesmoves.com • 07DECEMBER 11, 2008
Click your way to buyingor selling your home...
www.
LasCrucesMoves.com
Searching for your own pad?
(575) 541-MOVE1100 S. Main St., Suite 114Las Cruces, New Mexico 88005
•• LLoott 22 RRaanncchhiittooss LLiinnddoossLa Mesa 1.85 Acres $115,000•• 00000000 SSuupprreemmee CCtt..Fairacres 2.5 Acres $98,000
•• 00000000 SSttaaggeeccooaacchh LLaanneeEast Mesa .52 Acre $39,500
Can you buy a house right now?
Do you qualify for the HERO program?
Can you stop paying rent, and own your own home?
WE CAN ANSWER YOUR QUESTIONS!!Sworn officers, nurses and teachers may be eligible for the HERO Program.
3397 Park Ridge
• Reduced to$199,900!
• Elks Club area
• 3 BD/2.5 BA• 1639 sq. ft.• Corner Lot
3717 Piedras Negras
• SELLING FOR LESSTHAN PURCHASED FOR
• Las Colinas (High DesertSubdivision)
• $183,000• 3 BD/2.5 BA• 1814 sq. ft.
2057 Southern Star Lp.
• Sonoma Ranch East• $409,000• 3 BD/2.5 BA• 2721 sq. ft.
• Perform WallConstruction, MUSTSEE!
4444 La Cienaga
• Sonoma Ranch East• Reduced to $360,000• 3 BD/2.5 BA• 2168 sq. ft.
• Acid Stained Concrete • Owner/Agent
• Land • Land • Land • Land • Land • Land • Land • Land • Land • Land • Land •
PRICE REDUCED!
Josie Hall(575) 642-6216
Nathan Ortiz(575) 202-0234
Karen TrujilloBroker/Owner
(575) 571-8028
~~ LLAASS CCRRUUCCEESS,, NNEEWW MMEEXXIICCOO ~~ PRESTIGIOUS PICACHO HILLS
Representing over 60 residential building lots in four of the most desirable subdivisions of Picacho Hills:Mansiones de Galicia • Estate and Patio Home Lots • Priced from $90,000
Fairway 18 Villas • Estate Homes • Priced from $75,000Via Emma • Golf Course Lots • Priced from $89,000Linda Vista • Estate Size Lots • Priced from $149,900
Call for the best selection of building lots… I know all the “dirt’ in Picacho Hills!Mary Mulvihill (575) 496-6597
Emerick Real Estate, Inc. (575) 523-2850
Desert Breeze SubdivisionPresale homes starting in the $130s. Minimum 1,400 square feet, 3 bedrooms, 2.5 bathrooms, contemporary
design, 2 car garage and all city utilities. 1 and 2 story elevations available. Visit www.landinlascruces.comfor more information
Paul Cruz (575) 571-5437Garland Realty & Development, LLC.
(575) 524-7266
Mesilla Park MosaicThe first of its kind, a truly upscale gated community designed for elegant and distinctive homes in Las
Cruces, New Mexico. This elegant Las Cruces gated community offers security, beautifully landscaped com-mon areas, front yard maintenance, diverse "Old World" architectural style, numerous custom home options.
A limited number of 1 acre lots available.Call Today!
1950 Tapestry Circle • $120,615 1880 Tapestry Circle • $122,8251940 Tapestry Circle • $123,335 1925 Tapestry Circle • $124,4403570 Cloister Court • $126,225 1875 Tapestry Circle • $129,000*
* Rockwall fee not included in lot price.
Billie Haynie (575) 635-8921Emerick Real Estate (575) 523-2850
0000 Larkspur • $110,000This is one of the few lots left in the city with great views of all of the valley....As far as the eye can see a little bitof Heaven on Earth. West on Picacho-Left (South) on Weinrich (Right) West on Redwolf, Right (South) on Lark Spur
Court to cul-de-sac, 2nd lot on Right. Owner/Agent.Christine Telles (575) 650-4121
Coldwell Banker deWetter Hovious, Inc. (575) 521-1000
ERRANDS PLUS, LC575-650-6168
$500 off w/ this ad
From groceries to dry cleaning letus do what you don't have time to.
Visit www.ErrandsPlusLC.com
You Make the List...WE’LL DO THE REST!
How to protect yourself in a real estate transactionBy Dian HymerInman News Service
It's no wonder that buying or selling ahome ranks high on the list of the moststress-provoking events one can experi-ence, up there with the death of a lovedone and divorce. There's a lot at stakefinancially when you buy or sell ahome. A good or bad outcome can affectyour net worth, as well as your sensewell being.
There are a lot of factors involved inbuying or selling a home that arebeyond your control. For example,interest rates could jump unexpectedly,or an inspector might uncover a defectthat you were unaware of. However,there are steps you can take to maxi-mize your chances for a successful realestate endeavor.
The first step is to hire the right pro-fessionals to help you accomplish yourgoal. If you don't already have a realestate agent, mortgage broker and clos-ing agent that you've worked with suc-cessfully before, ask friends and associ-ates for recommendations. Take thetime to interview each referral carefullyto make sure that there's a good fit.Make sure to check references. If youhave any doubts about a candidate, con-tinue the search until you find qualifiedprofessionals with whom you havegood rapport.
A common mistake home buyers andsellers make is to underestimate thetime it takes to get the job done. Resistthe urge to pile additional work on your-self while you're in the midst of a home
purchase or sale. By doing so, you'll bebetter able to manage stress.
HOUSE HUNTING TIP: One of thekeys to ensuring that your real estateventure will have a happy ending is tomake a commitment to stay involved inthe process every step of the way. Eventhough you hire professionals to assistyou, they aren't the decision-makers.You are. Problems can arise if you relin-quish control and let your real estateagent or mortgage person make deci-sions for you.
Let your agent know that you want tobe kept informed of developments asthey arise. The sooner you know abouta problem, or potential problem, thesooner you can work on resolving it.
Don't be shy about asking for an
explanation of a facet of the business, oryour transaction, that you don't under-stand. If you don't buy and sell realestate on a regular basis, you shouldn'texpect yourself to know the ins and outsof the business.
As tedious as it might be, it's impor-tant to read and understand every docu-ment before you sign it. Make sure youreceive copies of everything you sign.It's a good idea to retain these docu-ments, even after the transaction closes.If there's a problem during or after thetransaction, this documentation couldprove invaluable in proving your case.
It's also wise to keep a transactionlog. This can be something as simple asa notepad on which you record impor-tant transaction-related conversations.
Keep the log with your other transactiondocumentation in case you need to sub-stantiate who said what later and when.
Be nice, but let your real estate teamknow what you expect from them. Thisshould include periodic written or ver-bal updates. If you're not receiving theservice you need, let this be known.Don't expect the people working for youto be mind readers.
You should expect that problems ofsome sort will arise during the course ofyour home purchase or sale. How youwork through the problems has every-thing to do with the parties involved andhow well you communicate with oneanother.
THE CLOSING: Good rapport isworth its weight in gold.
Home seller credit could save real estate dealBy Dian HymerInman News Service
No one likes to give money away, buta monetary credit from the seller to thebuyer can solve a problem that mightotherwise derail a home-sale transac-tion. Here's a typical scenario where aseller credit could save the deal.
The buyers are stretching to buy theirdream home. Tapped out financially,they panic when they discover duringtheir home inspection that the roofneeds replacing. The inspector impress-es upon the buyers that the roof must bereplaced immediately; it can't wait. Butthe buyers don't have enough extra cashto cover the cost of a new roof.
One option for the buyers is to backout of the deal, and find another lessexpensive house, or a house with a roof
that's in better condition. But this putsthe buyers back in the market searchingfor a new house. And the sellers have norecourse but to put their house back onthe market, and search for anotherbuyer.
Another option is for the buyers toask the sellers to credit them enoughmoney to take care of replacing theroof. If the sellers are willing, the trans-action stays together. The sellers willnet less from the sale, but the sale willclose. If more time on the market meansless money for the seller, this could bean acceptable solution for both parties.
There are other benefits to be derivedfrom this approach to repairing proper-ty defects. One is that it relieves thesellers of the burden of having to over-see work while they're in the midst of
moving out of the house. Another is thatbuyers often prefer to oversee the workthemselves to make sure that it's doneproperly. Also, there's often not enoughtime to have repairs done before clos-ing.
HOUSE HUNTING TIP: Before youask the seller to credit you money atclosing, check with your mortgage bro-ker or loan agent to find out whatrestrictions your lender might haveregarding seller credits. Usually, lenderswill only allow a credit for up to 3 per-cent of the purchase price. Also, mostlenders limit the amount of moneythey'll allow a seller to credit to notmore than the amount of the buyer'snonrecurring closing costs.
Nonrecurring closing costs are one-time-only costs that a buyer pays at
closing, such as loan origination fees ortransfer taxes. Recurring closing costsare those costs paid at closing that arepart of ongoing expenses a buyer willpay, such as homeowner's insurance ormortgage interest.
Lenders don't like money to passfrom the seller to the buyer if it in someway lowers the amount of the buyer'scash down payment. But they will usu-ally allow a seller credit that offsets thebuyer's nonrecurring closing costs. Thismeans that you won't walk away fromthe closing with a check for the amountof the credit in your pocket. Instead, theseller credit will lower the amount ofmoney you need to bring to the closing.The money you save can be appliedtoward repairing the property defect.
Seller credits can be useful when
buyers are short of the cash required tomake an offer. Let's say you haveenough saved for a 10 percent downpayment. But you are shy the moneyneeded for closing costs. Your purchaseoffer could include a provision for theseller to credit you an amount at closingto be applied toward your nonrecurringclosing costs.
A credit lowers the seller's net pro-ceeds. So, you may need to increaseyour asking price to cover the amountof the credit if you're in competition, orif the property is attractively priced.
THE CLOSING: Just make sure,before you do this, that the property islikely to appraise at the higher price
TELL YOUR REALTOR® YOU FOUND THEM IN LASCRUCESMOVES.COM DECEMBER 11, 200808 • www.lascrucesmoves.com
SandraEspiritu575.312.2969
Qualifying Broker/Owner
575-532-5406 • www.EnchantedSunRealty.com
The Holidays are a time for giving And helping others...
Together we can help our
community this winter.
$500 of every home sale from
December through February
will be donated to our
community. Jardin de los ninos,
El Caldito Soup Kitchen, La
Casa, Big Brothers Big Sisters,
or any of your choice!
Search the ENTIRE Las Cruces inventory of properties at:
Incredibly Low Home Prices, Low Interest Rates& the Season for Giving... It's the perfect time to pick out
your home, while also giving back to our community.
I am here at your service and look forward to working with you, HAVE A BLESSED HOLIDAY SEASON!
www.EnchantedSunRealty.com
3025 SQ.FT. 4BR/3.75BA
PRICE REDUCED!
10017 SAN SAVINO
5637 VIA ESTRELLA
Magnificent new 3,025 sq.ft. 4BR, 3.75BA, 3 car
garage home on a private 1.75 acre lot in La
Tierra Escondida. Pella windows, dual on
demand water heaters, dual climate control,
audio & TV systems, all appliances, granite
throughout, snail shower, and much more. Call
Jake to schedule showing! $589,900
Price reduced to $439,900! This is a beautiful 3,000sq.ft, 4BR, 3BA home on a 1/2 acre lot in PicachoHills, with custom cabinets, granite countertops,central vac, great mountain views and much more!To hear a detailed recording about this home's fea-tures, call
1-800-961-6706 and enter Code 1789.
Call Now! Let us help you prevent foreclosure!
We will sell your home for as low as $2995*
*Prices vary for homes listed over $200,000. Call for details.
FOR SALE1925 Chilton Drive $132,029 4BR 2BA Carport 2076 Sq. Ft.4770 Country Place $111,111 3BR 2BA 2 car gar 1444 Sq. Ft.2765 Coventry Road $214,900 3BR 2BA 2 car gar 1698 Sq. Ft.5103 Emerald St. $174,999 3BR 2BA 2 car gar 1596 Sq. Ft.1070 Heather Circle $198,900 3BR 2BA 2 car gar 1958 Sq. Ft.2506 Heritage Ridge $274,900 3BR 2BA 2 car gar 1870 Sq. Ft.3912 Marble View Dr. $157,990 3BR 2BA 2 car gar 1410 Sq. Ft.Mountainair, NM 160 Acres $475,000 3BR 3BA 3 car gar 2053 Sq. Ft.
4620 Mesa Rico Drive $432,180 3BR 3BA 3 car gar 2840 Sq. Ft.5080 Navajo Trail $222,999 3BR 2BA 2 car gar 2100 Sq. Ft.4905 Ocotillo Road $315,000 4BR 3+BA 3 car gar 2673 Sq. Ft.2850 San Miguel Ct. $182,000 4BR 2.5BA 2 car gar 2205 Sq. Ft.2169 Southern Star Loop $369,900 3BR 2BA 2 car gar 2914 Sq. Ft.125 Star Spirit Road $219,000 2BR 2BA 2 car gar 2140 Sq. Ft.2480 Sunridge Drive $149,375 3BR 1.75BA 2 car gar 1234 Sq. Ft.1124 West Joy Drive $210,000 3BR 1.75BA 1 car gar 2348 Sq. Ft.
COMMERCIAL PROPERTY411 Archuleta Road $349,999.86 Acres- 2,520 sq. ft. of commercial industrial propertyFOR RENT1932 Princess Jeanne Dr. $850/mo. 4BR 2BA 1 car gar 1527 Sq. Ft.BUILDING SITES6730 Bright View Rd. $194,000 Picacho Hills 1.5 Acres4556 Rociante Drive $98,000 La Mancha Estates 1 Acre
Gailen H. Hooper, Qualifying Broker575-642-3205
Jody G. Hooper 650-9244 ~ Lance Raney 312-5934
Assist-2-Sell Buyers & Sellers Realty, LLC532 North Telshor Blvd., Suite B • Las Cruces, New Mexico 88011
PHONE 575-521-7355
For detailed information on these & 1,600+ homes go to: www.weselllascruces.com
2626 Cheyenne3br/2ba2 Car Garage1,982 Sq Ft$247,900
1408 San AndresDrive4br/1.75ba2 car garage2,278 Sq Ft$249,300
3901 Pearl Court3br/2.5ba2 car garage1,580 Sq Ft$139,999
2345 RosedaleDrive3br/1.75ba2 car garage1,856 Sq Ft$159,900
809 CanterburyArc4br/2.5ba3 Car Garage3,250 Sq Ft$415,000
4644 SaladoCreek Street3br/2ba2 car garage1,200 Sq Ft$147,400
3386 Chimney Rock4br/2ba2 Car Garage1,893 Sq Ft$195,000
2273 LaramieDrive3br/2Ba2 Car Garage2,336 Sq Ft$275,000
4648 SaladoCreek Street4Br/2Ba2 Car Garage1,480 Sq Ft$154,400
4386 Nambe Arc3br/2.5ba2 car garage2,366 Sq Ft$498,375
1932 PrincessJeanne Dr. 4br/2ba1 car garage1,527 Sq Ft$116,900
2828 San MiguelCourt3br/2Ba2 Car Garage1,370 Sq Ft$148,900
3095 MoonlightRidge4br/3+Ba2 Car Garage3,280 Sq Ft$489,900
3802 Azalea3br/1.75ba2 Car Garage2,200 Sq Ft$249,999
4705 Sun CanyonCourt4br/3ba2 Car Garage2,499 Sq Ft$347,770
2149 SouthernStar Loop3br/2.5ba2 Car Garage2,120 Sq Ft$287,000
1655 CandlelightDrive3br/1.75Ba2 Car Garage1,783 Sq Ft$219,900
1222 OñateStreet4br/2Ba2 Car Garage2,352 Sq Ft$240,000