Michael Morgner, CRS, Santa Fe Properties, Inc. - Santa Fe, New Mexico http://santafeproperties.com





Tuesday, April 7, 2009

What's the Buzz?

As a hobby beekeeper, I'm preparing for the bees to emerge from hibernation. On some of our recent sunny, warmer days, the bees have come out and about from their slumber. It's usually not the whole brood that emerges, just a few, unless they find something interesting.

Case in point, yesterday was a beautiful day and I noticed a few bees buzzing about. So to give them a little boost, I put out about a cup of honey water. It didn't take long for the word to get out about this gourmet treat. In no time at all, lots of bees were buzzing about this delectable deal. I was amazed that the bees were able to retrieve all of the honey water within a few hours.

This is a great way to picture the current real estate market in Santa Fe, New Mexico. Buyers are starting to emerge and realize the great opportunities out there. Although not currently a feeding frenzy, great deals are being snatched up. Once these deals are gone, they're gone. It's only the buyers who are willing to take advantage of the deep discounts, low interest rates and good selection who will benefit the most.

It's my opinion that there are some great deals for buyers and this condition will not last. Interest rates are incredibly low, often with a window of a few hours of being able to lock in the 4 5/8 % range. If you find a deal, don't delay.

I believe that pricing discounts for buyers will not be as great from about late spring through summer, as that's one of the most beautiful times in Santa Fe. Properties show better with the landscaping at its best. Lilacs are beginning to bud out, and tulips, daffodils and many other bulbs are blooming. Fruit trees and aspens are just about ready to leaf out as well, so don't delay in buying. Carpe Diem or more appropriately, Carpe dinero.

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