Santa Fe Real Estate Scene
March 2006

Investing in Rural Residential Properties

Santa Fe County, Rio Arriba County, San Miguel County

Do you desire to escape the city but remain within an hour of Santa Fe?

Most rural residential buyers in the Santa Fe area search for: tranquility, views, nature, privacy, security, hiking, horses, and sense of place.

Santa Fe County, Rio Arriba County, and San Miguel County offer many homes and ranch investments.

MLS Homes, 5-10 acres

Santa Fe County - Median Value $ 736,000
Rio Arriba County - Median Value $ 239,000
San Miguel County - Median Value $307,000

Ranchitos 20 - 100 acres

Santa Fe County - Median Value $2,315,000
Rio Arriba County - Median Value $690,000
San Miguel County - Median Value $194,000

Larger Ranches 300+ acres

Santa Fe County - Median Value $14,500,000
Rio Arriba County - Median Value $1,217,000
San Miguel County - Median Value, $893,700

Things to think about when investing Rural Residential:

• well condition, well depth, water quality
• Water Rights and Community Water
• Boundaries and Easements
• Horses and Livestock
• Septic Codes
• Fire Prevention
• Security and Emergency Access
• Cell Phone and Internet Access
• Land grants, Forests, Pueblos, BLM
• Cultures and Customs
• Santa Fe drive time

"CREATE WEALTH THROUGH SANTA FE REAL ESTATE"

For Advice, call Broker Atwell at 866-264-4848 or 505-670-2177.

Buyer Tips

7 Habits of Successful Investors

1. Save and invest 15% pretax income
2. Buy and Hold. Power of Compounding
3. Utilize Professionals – Realtor, Attorney, Accountant, Title
4. Asset allocation, diversify – cash, stocks, bonds, credit line, real estate, insurance
5. Systematic and unemotional accumulation
6. Expert Team gives you unbiased and objective advice
7. Align reinvestment with growth trends

3 Major Tax Deductions

1. Own your business, Schedule C or K-1
2. Real Estate and depreciation
3. Oil and Gas

Habits of Successful Real Estate Investors

• Finance for 15 years
• Place 20% or more down on your loan
• Invest and Hold
• Invest consistently
• Buy newer properties
• Focus on investment strategy
• Research and know your marketplace
• Hire an experienced Realtor to save time and money
• Utilize property management company for consistent income
• Maintain great records
• Depreciate your properties
• File and Pay your taxes strategically
• Plan and setup estates and LLC with your attorney and accountant

Are you aware of the following financial loan options?

• 40 year fixed rate
• 30 year fixed rate
• ARMS – adjustable rate
• Interest Only
• Construction
• Purchase to Remodel
• Commercial
• Mixed use
• Piggy Backs, Helocs
• Veterans Administration Loans
• Owner financed New Mexico Real Estate Contracts

New Mexico Personal Income Tax Rates continue to fall, making PIT rates more competitive with surrounding states. New Mexico Deductions for capital gains continue to expand. Taxes on homes and land continue to be some of the lowest in the United States.

New Mexico Tax and Revenue, Santa Fe 505-827-0951, 827-0700 http://www.state.nm.us/tax/ City of Santa Fe 505-955-6500 http://www.santafenm.gov/index.asp

Santa Fe County 505-986-6200 http://www.co.santa-fe.nm.us/

Federal Real Estate Tax Rules for Property Owners http://www.real-estate-owner.com/

Financial Pre-Qualification is nothing to fear and is free. Call Santa Fe mortgage brokers listed in this newsletter. Financial pre-qualification process simply requires: a phone call, define your financial objectives, your social security number. Mortgage brokers will call or email you with a range of value in which you are pre-qualified to shop for your Santa Fe real estate.

Gary Miller, Northern New Mexico Mortgage
877-988-2276 toll free, 505-920-4239, gary@santafemortgagesource.com

Marcela Lopez, Delta Mortgage, 505-920-2344

Rich Zimmerman, The Watkins Group 866-989-8996, rich@watkinsgroup.biz

Whit Smith, Wells Fargo Home Mortgage 505-989-3260, 505-315-1908 william.w.smith@wellsfargo.com

Interest rates, See www.Bankrate.com

See Buyer Tips http://www.santafeone.com/articles/buyers.html

Want to search for all available properties in Santa Fe, Eldorado and Los Alamos? Click here to search the MLS.

Seller Tips

Broker Anthony Atwell and his team of experienced Realtors are committed to bring you great results.

• Free Home Market Analysis, Call Now 1-866-264-4848
• Listing Team for Fast and Effective Sale of Your Home
• Strong Internet Presence for Out-of-Town Shoppers
• Proven Advertising Campaigns
• Property Management for Santa Fe Real Estate.
• Consistent and Responsive Communication
• Investment, Pricing and Negotiation Strategies

 

We promise to be your partner throughout this important process. We'll keep it simple. We'll keep you informed and we'll sell your house fast, at the right price. Thank you.

Call Direct toll free, 1-866-264-4848

See Seller Tips http://www.santafeone.com/articles/sellers.html

 

STATISTICS
Santa Fe Association
of Realtors
2005 Third Quarter
Santa Fe Area

Existing and new single family detached home sales:

City of Santa Fe

Northeast
Northeast
49 sold, median price $660,000
Northwest
26 sold, median price $452,500
Southeast
59 sold, median price $580,000
Southwest
79 sold, median price $285,000
Total City of Santa Fe
213 sold, median price $470,000

Santa Fe County

North
83 sold, median price $689,000
Southeast
88 sold, median price $417,000
Eldorado
54 sold, median price $382,750
Southwest
118 sold, median price $275,750
Total Santa Fe County
289 sold, median price $392,000

Total City of Santa Fe/Santa Fe County
502 sold, median price $386,250

Condo/Townhome  City and County
214 sold, median price $240,000
Duplex, Xplex  City and County
13 sold, median price $215,00
Mobile/Manufactured City and County
32 sold, $135,000

Note: The City of Santa Fe and Santa Fe County offer homes and land for all levels of buyers and sellers.

Note: This representation is based in whole or in part on data supplied by the Santa Fe Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or is any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

FINANCE

New Mexico Mortgage Brokers
Call or email today for your free financial pre-qualification.

Gary Miller, Citivest Mortgage
1-877-982-9530 toll free, garym@hubwest.com

Marcela Lopez, Delta Mortgage, 505-920-2344

Rich Zimmerman, The Watkins Group
866-989-8996, rich@watkinsgroup.biz

Interest rates, See www.Bankrate.com

Whit Smith, Wells Fargo Home Mortgage,
505-319-1908,
whit.smith@wellsfargo.com

Interest rates, See www.Bankrate.com

Jobs in Santa Fe

Check out this job resource page, loaded with essential job and relocation information.

Also:
http://www.santafehasjobs.com/
http://newmexicojobs.com/

Santa Fe Resources

Government, Non Profit, Schools, Jobs, Media, Finance, Appraisal, Inspection, Title, Survey, Moving, Utility, Contractors & Construction, Wells, Design, Home Services, Property Management, Transportation, Hotels & Motels, Arts & Recreation.
Santa Fe Resources

If you cannot facilitate your inquiries, contact us and we will help you - info@santafeone.com

Kokopelli Realty services: City of Santa Fe, and the following counties: Santa Fe County, Rio Arriba County, Mora County. Other cities and towns include: Santa Fe, Los Alamos, Espanola, Abiquiu, Medanales, Alcalde, Dixon, Pojoaque, Tesuque, Las Campanas, Nambe, Chimayo, El Dorado, Glorietta, Pecos, Hwy 285, Galisteo, Lamy, Hwy 14, Cerrillos, Madrid, Rio Chama, Rio Grande, Pecos River and more!