Las Cruces Real Estate Market Analysis
For The First Quarter 2012

There are some fantastic real estate deals on the market right now. From properties in various stages of foreclosure to already foreclosed -bank-owned properties. You have a great opportunity to get the home you want at a bargain price. But what about those holes in the wall and that pet stained carpet? Looking past these stressful items can help you reap huge benefits financially.

Over the past several years we have seen huge numbers of distressed sales. According to RealtyTrac, 23% of all U.S. home sales in 2011 were in some stage of foreclosure. So nearly one in every four homes sold in 2011 was a distress sale. Couple this with the fact that these distressed homes sell at a significant discount to the non-distress sales (up to 40% discount for some bank-owned homes), there is a huge opportunity for buyers.

When considering buying a Foreclosure Property, look Past the Cosmetic Items: The paint may be ugly or the carpet may have spots. Or the kitchen may not be as clean as you like. None of these items should ever be a deal breaker in that they are easy and relatively inexpensive to remedy.

Focus on the Space: If you fall in love with a place that meets all of your other needs but it really requires some minor renovation, repairs or new carpet and paint that's ok too. Just make sure you estimate the cost into the overall price of the home.

Be Aware of "Too Much Work" Syndrome: When many buyers look at properties, they will often say that there's just too much work with that property. Sometimes you get that lazy feeling...or your human nature takes over and you want it to be perfect right now! Don't let this keep you from getting the best property at the lowest price. If you do find a screaming deal in a great location but it needs a new kitchen, bathroom...etc., don't hesitate to go for it.

These foreclosure properties are often the best deals in today's real estate market.  Once you've gone through the "minor" items above and have decided that this property has big potential, go ahead and hire a qualified individual to review the home for any major defects including a review of the structure, mechanical systems, roof,...etc.

Once you have a list of items to be completed, create an estimate for each item to determine your total investment required and be sure you are still getting a good deal on the home.

When comparing the cost to update and purchase a foreclosure property with a regular re-sale home, it can be difficult to stay focused on what's important. Keep in mind, if you end up adding a new kitchen or bathroom, and doing the repairs and renovations to the foreclosure property, you will get exactly what you want, and at a great price.

GET A FREE LIST OF ALL LAS CRUCES FORECLOSURES BY CLICKING THE IMAGE BELOW

Take 1-Minute to watch the Video below, and you'll find out that...

IF YOU ARE CONSIDERING BUYING A HOME, WITHOUT A DOUBT,
THE BEST DEALS ARE THE FORECLOSURE PROPERTIES.

Having a Buyer's Agent - especially one with Foreclosure Expertise -
assures that you will have a Personal, Trusted Advisor to guide you
so you end up buying the best home available for the best price.

I WANT TO BE YOUR BUYER'S AGENT

Click Here - See All Of the VIP Buyer Services I Provide

Buffett: 'I'd Buy Up a Couple Hundred Thousand' Homes

Daily Real Estate News

Warren Buffett, the billionaire investor and Berkshire Hathaway CEO, said on CNBC's "Squawk Box" recently that he'd "buy up a couple hundred thousand" single-family homes if it was practical.

Buffett said that's because he believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.

"Housing will come back, you can be sure of that," Buffett wrote in his annual letter to shareholders recently.
Buffett forecasts an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon."

Buffett said the recovery in the housing market could vary quite a bit among local housing markets.

How does this translate to Las Cruces residents?

If you are buying your family home or maybe investing in Real Estate you need to know the time to buy has never been better.  Something more to think about is these current great opportunities to buy a home may not last past this spring's buying season!  Prediction after prediciton tells us homes in 2012 will be back on the rise.

Las Cruces home sales are up. This was the best January and Febuary sales since 2009. If you are thinking about buying a home now is the time to make the most of this excellent market before it's gone. 

* January home sales were up 11% over 2011
* February home sales are up 10% over 2011
* AND...February home sales are up 27% over January's sales

Las Cruces' Real Estate Recovery is on its way!

Whether you are a buyer or seller or just want to know, you can get an Analysis of the Real Estate Market
Unlike any other report...our tables and graphs provide a current analysis of the Las Cruces Real Estate market, and market trends.

Just Click And Your Personal Snapshot will be E-mailed to you today

It is an exciting time to purchase a home in Las Cruces and we are excited to help you find exactly what you are looking for.  If you are interested in more information about Real Estate in Las Cruces or how to make the most of this opportunity contact us!

If you want to see Warren Buffett's full interview on CNBC's Squawk Box click here

Whether you're in the market or just looking for a way to make your home more comfortable, visual tricks are a very important tool of interior design.

Colors, light, furniture and decorative pieces can be arranged to make any room appear bigger than it really is! Here's a list of simple tips to follow:

Color 

Light hues will open up the space, and painting the walls white will definitely maximize that effect.*Go monochromatic. If all white doesn’t work for your lifestyle, try painting the walls, trim and detailing in different shades of one color. Pick from off-white, beige, any pastel or neutral color.*Match the color of the furniture with the color of the walls. Stay away from contrasting colors, especially in big pieces such as the sofa.

Decoration 

Medium-size furniture pieces work better than a big, prominent one. Avoid having many small pieces scattered all over the room, and arrange furniture at an angle to add visual interest to the place.*Track or recessed lighting works best for small spaces. Use a torchiere lamp to bounce light off the ceiling, and get rid of heavy drapery. Let the natural light come in as much as possible.*Mirrors are also a great way to make a room feel and look bigger. A big wall mirror right in front of a window will reflect light and color; so will a collection of smaller ones, distributed along one wall.

Organization 

Any small space will look bigger if it's clutter-free. Get rid of little furniture dispersed all over, and move around pieces that block the view and walkway space.*Designers recommend getting pieces of furniture with open arms and legs, as well as small glass-top tables, so the light can filter through.*Make the most out of the space with multifunctional furniture. Invest in good quality pieces such as drop-leaf orremovable-leaf tables and ottomans for storage and sitting purposes, among others.

I hope that you have found this information helpful and I look forward to your comments, questions, and suggestions. 

Renting vs. Buying
It is a topic on many renters minds,
and it is a real concern for
all of those that would like to buy a home, but are just not sure.

If you are looking to gain wealth, boost your credit, and start enjoying all the benefits of owning your own home. but think you can't afford it this information may surprise you.

Over the past year rent has increased and continues to rise. "Last year rents hit their highest level since 2007, reaching $1,009 a month average rental price. Fewer places to rent means landlords have the upper hand when it comes to what they can ask, and that will probably be the case for the next few years."- Eve Tahmincioglu MSNBC

Are you paying too much?

Here is a video explaining the science behind your high rent, and why it may be a better idea for you and your bank account to buy a home now.

One study by Trulia.com, a real estate research firm, found that "based on current market conditions, buying a home is cheaper than renting in 74 percent of major U.S. cities." What does that mean for you? If you are like many renters with the dream of owning your own home, now might be the best time to strike. Saving money is not the only perk of owning your own home, there is other benefits such as

1. An Improved Living Environment for You and Your Family.
2. Financial benefits to homeownership
3. Home ownership is a great invesment and it builds wealth
4. Special & Specific financial implications of home ownership
5. Apppreciation
6. Equity Creation & Forced Savings
7. Tax Benefits

This is great information about why we believe that right now is a great time to buy a home vs. continuing to rent, but not everybody should own a home! Some people aren't cut out for home ownership, for a variety of reasons.

• Can you afford to be a Homeowner?
• Have you really considered the Pros and Cons of Home Ownership.?
  
• And, you need to calculate whether renting is significantly cheaper than all of the costs incurred by homeowners.

Just click for a more detailed information to held determine if YOU are ready.

We have a free Homebuyer's Toolkit with information with everything you need to know about buying your first home. Get your Toolkit here. Right now and online.

Buying a home can be really scary, you want to make the best decision, you want to make sure the commitment you make is a smart one, and you want to have the confidence that your realtor has your best interests in mind. The Evelyn Bruder Dream Team wants to extend their skillful hands to you.

Feel free to Contact Us at any time with questions or requests for more information about any of your real estate needs.

You can "click" the image below for more information about buying your first home.