Free Preview: Silver City Realtor Tour 7-29-2009

Hope you guys enjoy the preview. Thanks for all of the (mostly positive) feedback.

The enews letter mentioned recently is still free to receive.

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Hi Friends and Followers of the Weekly Silver City Realtor Tour,

The Realtor Tour from Wednesday 7-29-2009 included 6 listings.

This is what I call the CENTRAL Tour. Today's tour was about 14 miles and took slightly over 1 hour to complete. There were 4 site built homes, 1 manufactured home, and one commercial property on today's tour. About 15 professionals were on tour today.

DISCLAIMER ABOUT THIS ENEWS: I am a Realtor Broker by profession. However, I will try to put myself in "Buyer" mode, and may take a less professional view when commenting. "I'm a potential buyer seeing this home for the first time"

In some cases my opinions will actually be on a first visit or a first viewing basis, and hopefully these "from the gut" comments will approximate one of the many unique buyer profiles which we regularly get in our market.

"Buyer's Comments" are provided for informational (and entertainment) purposes only, and do not reflect any professional market analysis*.

NOTE: A professional analysis* of listed property is available at no cost to existing and new customers. Let me know how I can help.

OVERALL TOUR RATING (see Legend below): WWTE Better than average selection of homes, including a couple of interesting homes from my favorite part of town near University and in Historic district.

Tour started at Remax. Food Score = B+

My oh my. Was that P.C. from CB at tour today? Better check my temperature, as I may be "havin lusions"......

Food review: Burritos always make a great start to the day. Looks like someone has been reading my enews where burritos have been a regular subject. (Actually it was a lack of burritos that was the subject of previous enews discussion)

Add in some Broker home made muffins (nice job Debbie), coffee, and juice, and a smile comes to my face. I dropped my muffin off the plate while opening my car door (I used the 5 second rule), and this made for a questionably slow start to the morning caravan. I had to do some catching up, but was fully up to speed by the time we left the first stop.

VROOOOOOOOM! Let's hit the road.

Buyer's Comments: (see disclaimer)

1. MLS 26204 908 Hudson

http://www.dreamhomenewmexico.com/listingview.php?pclass=comm_prop&listingID=7197

Listing Agent Remarks: GREAT BUSINESS LOCATION WITH PLENTY OF TRAFFIC, GREAT SIGNAGE, AND AMPLE PARKING!!! There is plenty of potential uses with this property and it is priced to sell. The buillding has recently been remodeled and the heating, cooling, plumbing, and electrical has been replaced. There is ample room for approx. 10 vehicles in the parking lot above the building. The building could easily be partitioned and each side would have a separate bathroom and its own entrance. The high visibilty billboard could even be leased out for extra income.

Buyer Comments: I think this is a good business location. I'm just not certain what kind of business could use the design as is. Separated into two units with individual bathroom servicing each side, this is rough and in need of much TLC. A tear down or start over on first look, but too many upgrades were added to justify starting over. Wish they had looked at floor plan before upgrade. Still there must be some potential if bought at the right price. Long term investment opportunity here. MTC

2. MLS 26118 304 / 306 Cooper St
http://www.dreamhomenewmexico.com/listingview.php?pclass=multi_fam&listingID=1307

Listing Agent Remarks: COMMERCIAL DUPLEX DOWNTOWN, CURRENTLY RESIDENTIAL USE. Two 1Bd/1Ba units each with bonus room/office, covered porches, parking in the rear. Perfect live/work opportunity, convenient historic district location.

Buyer Comments: This duplex situation cries out "gimme a break" on price. $900 a month total gets a crappy CAP Rate and a NO GO for this investor. It maybe considered historic, but I think "history" is more appropriate. DNMI with reservation. Since there are so few duplex situations in the area, I guess I'd have to see what is there if I were looking multi family.

3. MLS 26040 502 W. College

http://www.dreamhomenewmexico.com/listingview.php?pclass=res_prop&listingID=52639

Listing Agent Remarks: One-of-a-kind home with historic elegance, right next door to the WNMU campus. Includes 2 guest-houses (one needs work to be usable) - a third larger guest house (currently rented) is available too,(but not separately) for a total price of $625,000. Wonderful older home in fine condition, with beautiful landscaping and private yard for entertaining.

Buyer Comments: Sharing the college campus commons (not on campus but adjoining in the true sense) is this large, potentially profitable, historic home with 2 other cottages included. Confusing floor plan from Hxxl when first viewing. Kitchen here, there and living space here, there, and everywhere. It seems this was set up for several "teachers" or "adminstrators" each having their own living space withing the main home. Add in a couple of rentals, and this could be an excellent rental or live / rent opportunity. GREAT LOCATION! Need some cash to see full potential. MTC

4. MLS 26215 1019 Santa Rita St

http://www.dreamhomenewmexico.com/listingview.php?pclass=res_prop&listingID=52730

Listing Agent Remarks: Behind the garden walls.....lies the Frank Coons Home - a most special historic craftsman home designed by G. Stickley. Double brick construction, lush gardens (watered by private well), wood floors, many built-ins, most windows are orginal glass, original claw tub, fireplace and so much more! The epitome of the historic home. Featured in "Built to Last". Own a piece of history now!

Buyer Comments: Cool! Love the setting, and the house still has much of it's historic charm. Appears well cared for, and ready for the privacy seeking lover of the University area and a home with Historic class and charm. MTC

5. MLS 25688 1732 Georgia

http://www.dreamhomenewmexico.com/listingview.php?pclass=res_prop&listingID=52486

Listing Agent Remarks: This 4 bedroom, 2 bath is close to the University & sits on a corner lot. Painted interior & exterior in 2008. Private patio off the Masterbedroom. Storage bldg/workshop. New carpets in July 09

Buyer Comments: Hmmm. What's that smell? NO it's not animal doo or pee. For some it's not unpleasant at all, but you can tell that there is brand new carpet in this home. A few weeks of airing out will take care of that suitably I imagine. A large house with what feel like larger than average sized rooms for this area. This looks like a typical flip with typical upgrades (paint, carpet, etc)... MTC

6. MLS 26185 3202 Royal Drive

http://www.dreamhomenewmexico.com/listingview.php?pclass=res_prop&listingID=52714

Listing Agent Remarks: Very nice home. Large Kitchen with island and computer center too. Home is taped and textured in livingroom, Diningroom and Masterbedroom

Buyer Comments: Clean, neat, and tidy. Maybe the cleanest on tour today, and there were several comments on how well it shows. A Mfg home with no landscape in a reasonably ok area. If I were looking manufactured, I would want to see this 3-5 year old well maintained home. MTC

TOUR OVERVIEW: Overall, a decent tour in what is considered one of Silver's "popular" areas.

That's this weeks tour. See you next time.. Archer

I hope you are enjoying the Realtor Tour Newsletter. Let me know how I might do this better. Suggestions are always welcome as are your referrals to friends who need real estate and mortgage help. Hint Hint Nudge Nudge


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TOUR LEGEND:

MTC Property Makes the Cut - I will show it to any and all of my customers interested in this market

DNMI Property Did Not Make It (the cut). Generally a property that does not hold up or compete well in the current market. Will show to customers who specifically request seeing it.

TBD (Property / Tour) To Be Determined once I have visited the property personally or get reliable source feedback.

WTE Tour: Worth the effort to attend.

WWTE Tour: Well worth the effort to go on tour. Overall a good set of properties are visited

YAWN - Tour: Wake me when it's over. Wish I had slept in and saved the gas.

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