Making Real Estate 
          Real Easy!
Coldwell Banker, SDC
307 Mechem Drive
Ruidoso, NM 88345
Office: (505) 630-4512
Cell: (505) 808-0257
                  Coldwell Banker Online

Real Estate Services for Ruidoso, Alto, Ruidoso Downs, Nogal, Capitan, Lincoln, Hondo, White Oaks and Lincoln County

  Can you, as my Realtor, show me any homes which are listed in the Ruidoso market within my price range?
Yes.  Coldwell Banker, SDC is affiliated with the Multiple Listings Service and has access to all homes which are for sale through that service.  For you, the buyer, that is good news.  It eliminates the need for you to spend hours calling different companies for information or prices.  You can provide me with the details of what you are looking for and I can show you all the homes in the Ruidoso area that meet your criteria.
How much money will I need to cover all the costs of buying a new home, including discount points, tax escrows, etc.?
I will furnish you with an estimate of closing costs before you purchase your new home.  This estimate will outline all of the costs of the purchase to you.  I cannot accurately estimate all the loan costs your lender will charge but I can give you an idea.  That's why it's a good idea to get preapproved for your loan before you look for a house.  That way, you know how much house you can afford and what your lender will charge you for the loan.
What is involved in writing an offer to purchase?
When you write an offer to purchase you will specify:
a)  The price you will pay
b)  The financing you are seeking
c)  The terms of your purchase
d)  Any inspections and documents required prior to closing
e)  Closing and possession dates.
What is an appropriate amount for the earnest deposit?
The earnest deposit which accompanies your offer to purchase is your way of conveying your intent and commitment to the seller.  Typically the deposit is 3% of the sale price.  As your realtor I can advise you of an appropriate amount for the home of your choice.
What is a counter offer?
If the price or terms of your offer to purchase are not acceptable to the seller, he/she may choose to write a counter offer stating a different price or different terms.  At that point, you may accept, reject or counter that offer.
How do I arrange for a loan once I have accepted purchase agreement?
If you are not already preapproved, I will advise you of your financing alternatives and the rates available at the current time.  The information you will need vary from lender to lender.   It generally takes from 30-60 days for a loan to be processed.
Could anything delay approval of my loan?
You may face a delay if the lender discovers credit problems, if employment or bank verifications are not returned in a timely manner, or if there is a delay in the appraisal process or problems with title defects.
Can I pay my escrows separately?
Not if it's an FHA-insured or VA loan.  Some lending institutions will allow you to pay your own taxes and insurance if you have borrowed no more than 75-80% of the purchase price or appraised value of your home.
Do you represent me or the seller?
Coldwell Banker, SDC offers all buyers a choice of representation.  I will give you an Agency agreement and review the various types of agency relationships with you.  The listing agent represents the seller, and the buyer's agent represents the buyer.  Sellers still pay the commission but it is paid to the brokerage of the listing agent.  That brokerage in turn pays half of the received commission to the brokerage of the Buyer's agent.  The individual agent is then paid on whatever level has been agreed upon in their office contract. 

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For more information, contact: 

Marvellee Kissling
Coldwell Banker, SDC
307 Mechem Drive
Ruidoso, NM  88345  Toll Free:  1-800-626-9213
Office: (505) 630-4512     Fax: (505) 257-4209

 
Email Marvellee Email Marvellee at:
mkissling@zianet.com
 
        

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