Home for Sale at 5605 CEDARWOOD Street, Farmington, NM 87402

5605 Cedarwood Street
Farmington, NM 87402

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Property Details

List Price:	$365,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	2205
Agency:	R1 New Mexico Farmington

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1979
Notes:	Located just off Foothills Drive! WOW Says it ALL! This home has had a HUGE MAKEOVER AND MOVE IN READY!HOME INSPECTION COMPLETE AND AVAILABLE!SELLER OFFERING 1 YR HOME WARRANTY!Walk into many updates such as granite counters, custom cabinets, dark hardwood floors, updated light fixtures, new carpet, and SO MUCH MORE! Low Maintenance landscaping will catch your eye immediately!!!This home features 3 bedrooms, 3 FULL Bathrooms and 1 extra room that can be used as an office/ bedroom. The Main Floor has on open concept plan- with the dining, living room, kitchen, and laundry all on the primary level. Upstairs has the Master Bedroom with a private walk in closet and master bathroom. 2 other bedrooms are upstairs with large closets. There is also another full bathroom.Walk out the French doors downstairs to a xeriscaped gravel back yard, small turf area for your pets, and a large covered patio complete in 2018. Additional RV gate access, is on the right side of the home to the back yard.The Kitchen was remodeled in 2016 and contracted by Floor Trader. New Floors complete in 2016 by Floor trader.In 2016 New plumbing redone under the house and was complete by M&R Plumbing.2016 New Roof Installed by D&D roofing with 40 yrs transferable warranty.Gas hot water baseboard heating.Swamp cooler's run through the vents. One takes care of the upstairs and one downstairs. Both are on thermostats so they are not constantly running.RV hook ups are located on the left side of the house.
MlsNumber:	24-395

Listing Provided By:	R1 New Mexico Farmington, original listing
Name:	R1 New Mexico Farmington
Phone:	(970) 946-6511
Office Name:	R1 New Mexico Farmington
Office Phone:	(505) 326-0110
Agent Name:	Shelbie DiGiacomo
Disclaimer:	Copyright Â© 2024 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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