All Blog Entries by Jerome Leyba

Found 15 blog entries published by Jerome Leyba.

 

 

 

When is the right time to buy? Should I wait till the market takes a turn? What about interest rates?

All good questions to ask. In the end, the main question is.....Do interest rates outweigh the cost of purchasing in a Seller's market?

So here is something cool to think about. Many of our clients say they want to wait until the market cools down. Give a little time and see if they can save on their home purchase. When we are asked this question, it is hard to judge and adds a lot of subjectivity to the answer. The current Santa Fe Home Market has stayed strong even with COVID. So far we have not seen medium prices fall, they have stayed consistent and even raised in some cases 3-6% in current market value.

So is buying a…

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Title insurance is a key component to the purchase and sale of your home. In a nutshell, it helps to protect you from past liens, encroachments on your property, and a plethora of other things. For more information, contact Escrow Officer Andrea Padilla to help guide you through the closing process and give you all the information you need to feel confident about your transaction.

Andrea H. Padilla

Escrow Officer

License Number 18083283

236 Montezuma Ave.

Santa Fe, NM 87501

505-946-2907 Direct

Andreap@swt-e.com

www.sftitles.com

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Selling your Santa Fe home in 8 Steps

Step 1: Choose the Right Santa Fe REALTOR®

Selling your home in Santa Fe can be made more straightforward when you have someone looking out for your best interests, and that is accurately representing you. This is why picking the right Santa Fe agent listing agent is so important!  A listing Agent work’s to not only market your home effectively, but they will also help you navigate the current Santa FE Real Estate market to ensure you get the best deal possible for your home. A REALTOR® is a licensed real estate agent that is an active member of the National Association of Realtors (NAR).

We recommend asking friends and family members for recommendations, reading reviews, and ensuring you pick the right agent…

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Santa Fe House

Despite the crippling COVID-19 pandemic, the Santa Fe real estate market is healthy. Stay-at-home orders have reduced foot traffic, but buyer demand is still strong, and the inventory of homes for sale in Colorado Springs remains low.

Although the momentum has slowed, we’re still helping customers buy and sell homes in Santa Fe! The only thing that has changed is the process. Safety measures may seem restrictive, but they are in place to help protect both buyers and sellers.

Is Real Estate an Essential Service?

Are real estate transactions (buying and selling) considered “essential” in New Mexico amid the COVID-19 stay-at-home order? Yes! All real estate activities that are related to the transaction (including closings,…

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Understanding the debt to income ratio is essential for financing aspects when you are looking to purchase your first home. Many times we focus on keeping a quality credit score and overlook the importance of understanding and preparing a debt to income ratio. I know the first time I started the home buying process. I had never heard the term. It wasn’t until I sat in the finance office of a Wells Fargo Bank that I learned the importance of debt to income ratio would play in my financing.

calculate debt to income ratio The debt to income ratio is a reasonably simple division problem. You divide your monthly payments by your monthly GROSS income. Notice my emphasis on Gross income as opposed to net income. Monthly gross income is the total income you bring home ( just remember…

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