Published 9 June 2019 Flipping a house is easy if you have plenty of cash on hand. But what if you’re long on skills and short on greenbacks? The answer is to use what’s known in real estate industry jargon as OPM, or Other People’s Money. Using OPM to finance a flip can take many
Read MorePublished 28 May 2019 There’s hardly a person with even a passing interest in real estate who isn’t aware of the three most important rules of buying and selling: location, location, location. But is the location of a property really that important? Almost without exception, the answer is “yes.” Although a large number of home
Read MorePublished 6 May 2019 Around this time last year, I noted in this column that roughly 23 percent of the single-family, free-standing homes that changed hands sold for the asking price, or more. At the time, buyers who paid more than the asking price shelled out an average of around $2,800 above list to beat
Read MorePublished 1 May 2019 The New Mexico Mortgage Finance Authority (MFA) is best known for providing mortgages and down payment assistance to first-time homebuyers. They do much more than that, however. In addition to also providing tax credits and financing for the development of affordable rental housing, they likewise offer special financing for buyers who
Read MorePublished 24 march 2019 According to a March 17 report from the Las Cruces Association of Realtors, local brokers sold more homes during the first two months of this year than they did during the same period in 2018. LCAR recently reported that 2018 was our area’s third-best sales-production year on record. A total of
Read MorePublished 24 February 2019 The Las Cruces Association of Realtors reported on Feb. 17 that local Realtors sold 130 new and existing homes, townhomes and condominiums in January. That number was just two sales shy of the 132 homes that were sold in January 2018, which was the third-best sales production year in our area’s
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