The word is out that "it's a buyer's market" in Angel Fire and Taos real estate. Interest rates are about as low as they've ever been, there is plenty of inventory, and most sellers are willing to bargain. Whether you are considering buying a home for the first time, re-locating to the Taos or Angel Fire area because of the unique lifestyle opportunities or taking the leap from renting to home ownership, now could be the perfect time to act. But just because conditions are favorable, does that really mean it's the right time for YOU to buy? Some important points to consider in determining your readiness to buy include:

1) Having enough money for a down payment. This can range from 3.5% on a FHA loan to 10 or 20% on a conventional loan.

2) Being prepared to deal with the responsibilities of home ownership including repairs and regular maintenance.

3) Willingness to hold the property for 7-10 years or longer in order to build equity and make up for the costs of buying and selling.

4) Confidence in your personal financial stability.

Buying a home can be a very rewarding experience. And it is a long term commitment which will impact your lifestyle, family and finances for many years. Working closely with a Realtor who knows the Angel Fire and Taos real estate market and a mortgage professional familiar with the local area will ensure that your experience is a positive one with your best interest in mind.