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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,…

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.

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…