November 2021 RSS Feed

Another solid week in the Santa Fe real estate market. With a median price point staying strong at 550,000, we see a consistent price pattern for homes in Santa Fe. The inventory is still shallow in comparison to earlier months. Santa Fe county's total homes are trending around 226 total properties available for sale. A total of 46 homes were sold this week. This has been relatively consistent, showing a 20 to 25% return on new market updates, and property is also coming off the market. With talks of interest rates going up, there is still an opportunity to lock in solid interest rates of around 3%. Shorter termed loans are offering rates even lower in the 2 to 2 1/2% range. With the low inventory, there are opportunities for sellers to capitalize. As…

Selling your house in Santa Fe? How much is it going to cost you? Where do I even start?

When you begin the process of selling your home, it is easy to become overwhelmed with all of the factors that are needed for preparation. What do I start first? Where am I going to move? How long will it take to sell my house? The list goes on and on.

As real estate agents, we find the number one question is, what will it cost to sell our home?
In a nutshell, we tell sellers you will be looking at a 7-7.5% cost for selling fees.

What do selling fees include?

Six percent of the price will be your broker selling fees. That money will go to paying your Real Estate agent and the buyer's Real Estate agent. Depending on how your broker prepares your listing…