By most accounts it would appear that the recent annual Espring Break and Semana Santa gatherings were a success and according to one local real estate professional, Rebecca Palomino of Reality Executives, home sales are also making a rebound and prices appear to be stabilizing.
The fact of the matter is there are some downright outstanding real estate bargains around town and although some ‘sellers’ (or their real estate agents) seem to (still) be out of touch with reality the bottom line is a wise buyer looking for a casa to (e.g.) retire in or for a long term investment, IMHO, you couldn’t go wrong striking a good deal with a motivated seller.
One key to keep in mind is that if a property being sold is fully paid off then, with the right seller, owner financing is often an option. And if you are a really good negotiator (‘buyer’) there is nearly no end to the type of agreement that can be reached so that both parties ‘win’.
IMHO I think our long term outlook here is pretty bright but I also want to let all who are seeking a real estate interest here and who read ‘The Tides’ and other online Peñasco forums, blogs, websites, etc. to heed the wise advice of the late U.S. President Ronald Regan.
If you’ll recall, when talking about the former Soviet Union President Reagan cautioned to “trust, but verify”; and with that in mind I want to suggest that when you ‘first-time’ buyers and/or visitors purchase real estate in Peñasco please remember that you are purchasing ‘Peñasco’.
Don’t also purchase the ‘marked up’ price that may be hawked by a seller (or their rep) because they told you (or you believe) that you’ll be owning what some still claim will be the next Cancun or Cabo. That is not the case so don’t ‘buy it’!
Just purchase and own Peñasco! You’ll be happy, to be sure, because this is a great, fun and safe place to live, work, vacation or retire to. And yes, we are growing, too, and maybe soon in leaps in bounds. Just be wise. By low and leave the speculating for ‘others’ because in the real world although some speculators do in fact win for a time, in the end they lose as they did this last go around (2008).
A Gypsy can always dream!
¡Viva Puerto Peñasco y México!
Gypsy
elgitanopenasco@gmail.com
