Evelyn Bruder’s Dream Team blog

Date: Saturday, June 27, 2009
Time: 9am registration and continental breakfast will be served
Location: 150 East Idaho, Las Cruces, NM (next to Comcast Cable)
Cost: ABSOLUTELY FREE (there are no costs or obligations)
Registration: You may register online or by calling us at: 1(575)532-2211.

Don’t forget, this upcoming Saturday we’ll be hosting the First Time Home Buyers Fair and we really would love to see you there!

The First Time Home Buyers Fair will be serving up a large amount of relevant and helpful information that all first time home buyers need to know. Now is the best time to buy a new home, and we’ll tell you why. Along with everything you need to know about picking the right lender for you, tax benefits of being a home owner, how to select a realtor that works for you, closing process, insurance, understanding your credit report, and even how to fix your credit report and score. All guests will also receive a Comprehensive First Time Home Buyer Information Package.

The event starts off at 9am on Saturday, June 27th, 2009. Seats are limited, so be sure to reserve your spot today!

The time has never been better for new home owners to purchase their first home. Not only are interest rates at their lowest levels in forty year but this is also the most affordable housing market in the last eighteen years as well. At present, you also have the opportunity to receive a free, non-repayable, $8,000 tax credit when you purchase your first home. First time buyers, you must act now to take advantage of this opportunity because this tax credit expires on November 30th, 2009. We understand that buying a home can be a confusing and time consuming process for anyone, especially first time buyers. Let us help you get started on the right path to finding, financing, and buying your first home today.

Date: Saturday, June 27, 2009
Time: 9am registration and continental breakfast will be served
Location: 150 East Idaho, Las Cruces, NM (next to Comcast Cable)
Cost: FREE - This seminar is completely free, there are absolutely no costs or obligations
Registration: You may register online or by calling us at: 1(575)532-2211.

The First Time Home Buyer Fair will be hosted at 150 East Idaho Avenue in Las Cruces (next to Comcast Cable) at 9am. The aim of the fair is to not only provide you, our guests, with the essential information you need in order to find, finance, and purchase your first home. The First Time Home Buyer Fair is free to attend (with no obligations of any sort) however seating is limited. To reserve your seat, you can register online by filling out the form provided on our website or by simply calling us at 1(575)532-2211. We will also be providing our guests with a Comprehensive First Time Home Buyer Information Package.

The seminar will cover a wide range of need-to-know information for first time home buyers including, but not limited to:

• Reviewing your financial status


• How to pick a lender (don’t get intimidated into picking the wrong one!)


• Your Credit: credit reports, credit scores, and how to repair or improve yours


• Pre-Qualification/Pre-Approval: Documentation you will need and determining how much you qualify for


• Mortgages: There are multiple types to choose from, which is right for you?


• Upfront Financial Obligations: Down payments and closing costs


• The Tax Benefits of being a home owner


• Selecting a Realtor and what they can do for you


• The Closing Process: Inspection, insurance, title company

Following the presentation, there will be a question and answer session where we encourage you to speak up if anything remains unclear or you need more information. All speakers will be available for personal consultation immediately following the seminar. You may also arrange for a more private appointment in order to discuss your questions and individual situation.

Now is truly the best time for new home owners to buy a new home. Below is a video by Lennar Builders (they do not build homes in New Mexico I’m afraid) that really sums up the reasons why you should act now.

Permits for new homes on the rise By Brook Stockberger/Sun-News Business Editor LAS CRUCES The building industry in Las Cruces is starting to pick up some momentum.
Posted: 06/16/2009 12:00:00 AM MD

According to the monthly building permit report issued by the city of Las Cruces, 71 permits were issued in May for new residential construction. That marked the best month on record for the past 13 months, since April of 2008 when 80 such permits were issued.

As for total valuation, it has been even longer since Las Cruces experienced a month as good as May. The $12.1 million in total valuation for the new residential construction permits mark the best month since July 2007 when the total was nearly $12.9 million.

While the numbers are still off pace from the hot growth of several years ago in 2006, 125 new residential permits were issued in May for a total valuation of more than $17 million there is hope this is a sign of more improvement to come.

“Things are happening and people are building,” said JB Stearns, owner of Stearns Custom Homes and president of the Building Industry Association of Southern New Mexico. He said people appear to sense that the economy will recover.

“I think (the economy) is a huge part of it,” Stearns said. “The fear factor is not as strong … (people hope) we’re done sliding and maybe we’ve got a little toe hold.”

Chris Erickson, who teaches economics and international business at New Mexico State University, said that a decline in home prices, “may be inducing people to begin to buy.

“The fact that our real estate market wasn’t as far down (as other places in the country), means that a drop in the prices could have a bigger effect,” he said.
Justin Harper, president and CEO of Citizens Bank, said the number of people seeking financing to buy a new home has picked up.

“We’ve seen an increase over the last couple of months,” Harper said. “Mostly in the 150 to 210 (thousand dollar) range. That market is still very active.”

John Hadley of Desert Star Realty said that some homes still sell at all prices ranges, but “anything under 200 sells like hot cakes.”

Erickson did caution, though, that one month of good permit reports does not equal a recovery. He said news from permits reports can be up one month and down the next.

“This is a positive sign, but one thing to keep in mind is that permits tend to be a noisy series, which means they tend to be unstable” he said.

Erickson said that, if several positive months are strung together, then it can be seen as a positive pattern.

As for the complete permit report, it shows that through the first five months of 2009, a total of 1,110 building permits were issued by the city for a total valuation of nearly $94.9 million. Last year for the same time period, more permits were issued 1,312 but the total valuation was less, at $93.5 million.

Commercial construction was a bright spot last year as permits for new construction and additions/alterations actually rose from 125 in 2007 to 177 in 2008. This year, 61 had been issued through the end of May, off last year’s pace of 88 for the same time period.

Please visit our website at www.homesforsaleinlascruces.com

This Sunday from 2PM to 4PM, Streinborn GMAC is having our monthly Super Sunday Open House. There will be 55 homes both new and resale in every section of the city and in every price range for you to visit. This link will show you all of the homes with MLS details, pictures, maps and virtual tours where available.

1339 GOLDENROD
2936 square feet, 4 BR, 2.5 BA It is a magnificent home w/high ceilings and a bright, flowing floorplan. Great for casual or formal entertaining. Everything is top of the line. A 1.23 acre corner. enormous backyard area for outdoor entertaining. CLICK HERE FOR FULL DETAILS, PICTURES AND A VIRTUAL TOUR

RETURN MONDAY - Our BLOG will be dedicated to a discussion of this whole current real estate situation as it affects you.