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How do I buy a home in Placitas, NM?

buying a home in placitas nm

Tips for First Time Buyers

Choosing the right property is, perhaps, one of the most important decisions you will make in your life. The professionals at La Puerta LLC recognize the gravity of the situation and are here to help. Our agents are up to date on the latest real estate trends and offer tools and tips that will make buying a breeze. Before you consider making a purchase, here are some helpful guidelines for first time buyers.

Hire a buyer’s agent. Hiring a buyer’s agent can help you save a lot of money, as well as something even more valuable - time. The professionals at LaPuerta LLC are there when you need them. Our agents are here to sit down with you and discuss your real estate needs and find homes that fit accordingly. No matter what you are looking for in a home, we’ll find listings that fit your needs, and have them ready for you when we do.

What do you want in a home? Time to ask the big questions. When it comes to house hunting, you’ll need to consider what your wants and needs are. Keep in mind how many bedrooms and bathrooms you want, the commute time, the local schools, and more useful information to you and your family. As your dive into the Placitas, NM, real estate listings remember to narrow down your choices to ensure each property has your divided attention. Every home has some minor downfalls, but try not to deny a particular home because of a small detail. An unattractive shade of pain may make you think twice about a home, but keep in mind that paint can be changed. By refusing a home because of minute details, you could be missing out on the home of your dreams. A Placitas, NM, realtor is more than happy to help you figure out what your needs are and which homes are worth your time.

Figure out which neighborhood is right for you. There are many different neighborhoods in Placitas for you to consider. The main question you will have to ask yourself is whether you want to be closer or farther from civilization. Placitas has a variety of options for all spectrums of people, with over 90% of the population being homeowners according to Niche’s 2017 Best Places to Live. Ask yourself, do you thrive in nature? Would you want to live near attractions such as the Cibola National Forest and grasslands, where hikers and mountain bikers swarm? Or do you enjoy the convenience of living near town? Define your standards and start searching today.

Learn the financing basics. There are a couple of things you should be knowledgeable of before you decide to purchase a home. Learning these financing basics can help to ensure you are a smart consumer, and that you shop for a home loan that’s perfect for you. Our agents understand that the financing process can be overwhelming, and we pave the path towards successful financing.

Start setting aside money. Now is the best time to start saving any extra money that you have so that you can build your down payment, as well as pay off some other costs that might pop up along the way.

  • Down payment. A down payment is the amount of money you spend upfront to purchase a home and is typically combined with a home loan to fulfill the total purchase price of a home. Down payments can range anywhere between 3%-20% on average. Even if you don’t have much saved up, you still have options. There are many first time home buyer programs that don’t require a large down-payment.
  • Closing Costs. Closing costs can cost anywhere from 2%-5% of your total loan. These costs can sneak up on you and cost you a lot of money if you’re not prepared properly.
  • Paying for mortgage points. Points cost 1% of your mortgage cost and can act as prepaid interest so your buying down your interest rate. These mortgage points can save you money over the course of your mortgage.
  • Move in costs. Be sure to include moving costs in your budget. Moving costs can include purchasing moving supplies, movers, or renting a rental truck.

Do a home inspection. Home inspections are required by real estate lenders before a loan is disbursed. If the inspector finds anything wrong with a home, you can give the seller a “Request for Repair” and more than likely, the seller will go through with the repair. You could also use the cost of the repair to negotiate the home’s price as well.

Submit a strong offer. Submitting a strong offer is one of the best ways to ensure that you’ll be chosen to purchase a home, but choosing a price that is neither too high or too low can be complicated. The best thing you can do for this situation is get expert advice from our La Puerta LLC agents. Our agents will help you decide on an offer, and negotiate prices with the seller as well.

Read the fine print. Read everything thoroughly, and make sure that you get all of your agreements in writing and included in the contract as well. We are the perfect agents to help you make sure all of your agreements and needs are met in the contract before you sign the contract. We are some of the best realtors in Placitas, New Mexico, and it will be shown through our services.


Whether you choose to do business with us or not, we are here to answer any questions you have.

buying a home in placitas nm