Santa Fe NM Real Estate. Homes, Land, Condos in Santa Fe

When It Comes to Remodeling, It’s What’s Outside That Counts, Realtors® Report.

“Many buyers judge a house
by its exterior, or so it seems from the results of the 2007 Remodeling
Cost vs. Value Report. Three of the four projects with the highest
national percentage of costs recouped this year were exterior upgrades.

The most profitable project on the national level was upscale siding
replacement, recouping 88 percent of costs upon resale. Wood deck
additions and wood window replacements also returned more than 80
percent of costs, at 85 percent and 81 percent, respectively. On a
national average, the only interior project to return more than 80
percent of remodeling costs this year was a minor kitchen remodel,
returning 83 percent of project costs at resale….. more…”

It’s all about kerb appeal. Here in Santa Fe, most buyers have such a wide choice of property that when they’re looking around it’s the outside that they remember. Before putting your home on the market, ensure it makes a great first impression!

The Brave New World of Real Estate….

New tech trends rock the real estate world – Jan. 10, 2007 (cnn.com)

Home buyers and sellers have already seized much of the power once
in the hands of exclusively of real estate professionals. But they’re
about to get stronger still.

The changes to the real estate
industry have come fast, with listings and valuations tools widely
available for free on the Internet.

“The rules have fundamentally changed,” said Brad Inman, the host of
Real Estate Connect and publisher of Inman News. “Social networking is
lifting real estate and in the next 12 months it’s going to overwhelm
real estate. It’s been happening since Craig’s List started but it’s
only now coming to a head.”

In the past, the real estate industry always had a gate-keeper mentality.

“Brokers
prospered by not giving out information,” says Dottie Herman, CEO of
New York based broker, Prudential Douglas Elliman. “Clients came to
them for information. This takes the industry to a whole different
model.”

RealEstateJournal | If a House Lingers on the Market, Is There Something Wrong With It?.

Question: I’ve been shopping for a home, but notice that many of them have been on the market for many months. Does this mean that there is something wrong with them?

Answer: There could be, but more likely the fault lies with the owners, who are still clinging to the fading fantasy that their house is worth what it was at the peak of the market more than two years ago.

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