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Silver City Regional Association of REALTORS®
The Silver City Regional Association of REALTORS® includes Brokers and real estate industry leaders who band together to ensure a healthy real estate environment and to protect private property rights. REALTORS® are professionals helping consumers achieve the American Dream of homeownership.
Consumer Center
7 Reasons to Work With a REALTOR®
REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:
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An expert guide. Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
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Objective information and opinions. REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need.
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Property marketing power. Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family. When a property is marketed by a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
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Negotiation knowledge. There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows you the flexibility you need to take that next step.
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Up-to-date experience. Most people sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
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Your rock during emotional moments. A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.
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Ethical treatment. Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters.
Source: REALTOR® Magazine
What the Code of Ethics Means for Home Buyers and Sellers
Honesty. Integrity. Commitment. As a homebuyer or seller, that's what
the REALTOR® Code of Ethics means to you.
The Code of Ethics is a promise—as a customer of a REALTOR®, you can expect honest and ethical treatment in all transaction-related matters. It is mandatory for REALTORS® to take the Code of Ethics orientation, and they are also required to complete a refresher course every three years. Learn more.
News & Articles
Consumer Articles
HouseLogic
HouseLogic.com is a site for homeowners who want smart solutions to enjoy, improve, and maintain their home; for buyers ready to find their happy place; and for sellers ready for their next chapter.
The Problem with FSBO's (for sale by owner)
Owners have many options for selling when they decide they’d like to move on from their current home, but fewer are looking to do it alone. According to the National Association of REALTORS® 2020 Profile of Home Buyers and Sellers, only 8 percent of home sales last year were those in which the seller went through the process without an agent - known as for-sale-by-owner sales or FSBOs.
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The median age for FSBO sellers is 57 years. 64% of FSBO sales were by married couples that have a median household income of $96,700.
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FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 last year (up from last year), and significantly lower than the median of agent-assisted homes at $242,300.
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FSBO homes sold more quickly on the market than agent-assisted homes. 77% of FSBO homes sold in less than two weeks—often because homes were sold to someone the seller knows
Phishing scams can be hard to recognize because criminals build their phony sites to look like real sites. About two years ago, Google did a study that showed phishing scams continue to work about 45 percent of the time.
According to experts, phishing attacks worldwide are happening more often than ever, and hackers continue to go where the money is. When hackers pose as agents or title companies, their target is someone’s down payment on a house. If the buyer takes the bait, their bank account can be wiped out within minutes!
Two recent scams go like this:
In this case, criminals hacked the other agent’s account and sent a request to wire funds. The scammer even diverted the client’s responses from the broker’s inbox! The client wired upwards of $20,000 overseas right into the criminal’s hands. Always call your Broker to verify wiring instructions. Read more.
In this case, criminals used the listing photo and information from an agent's website to create a fake rental ad on Craigslist. They asked potential renters to send them a security deposit via Western Union. Always do your due diligence and make sure the person you are contacting is who they say they are. Read more.
Beware of Real Estate Scams
Housing Links
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www.nar.realtor/the-facts A central resource for updates and materials about NAR’s steadfast commitment to strengthen the association, defend REALTORS® and their immense value, and look to the future.
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www.houselogic.com HouseLogic is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS®—that can help you make smart and timely decisions about your home. With content covering home improvement, maintenance, taxes, finance, insurance, and even ways you can get involved in and enrich your community, HouseLogic can help you increase and protect the value of your home by helping you make confident decisions.
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www.propertyaction.realtor Whether you're a homeowner or buying your first home, we're here to support you every step of the way. We collaborate with state and local REALTOR® associations to address key real estate policies, housing affordability, supply, taxes, and other homeownership challenges.
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www.consumerfinance.gov/owning-a-home Free lending and closing resource. Explore interest rates, monthly payment worksheets, understand loan options, explore loan choices, compare loan officers, closing checklists and closing disclosures, and much more.
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www.realtor.com Search homes and land in our area at realtor.com.
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www.nmrealtor.com New Mexico REALTOR® consumer resources.
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www.nar.realtor NAR, home buyers and sellers, from educating consumers about the housing market to supporting private property rights, enables more Americans to achieve and protect the dream of homeownership.
Rental Links
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NEW MEXICO UNIFORM OWNER RESIDENT RELATIONS ACT (NM UORRA) - 2019
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www.aanm.org Apartment Association of New Mexico—property management, landlord and rental information.
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www. lawaccess.gov Landlords or tenants with questions can contact Law Access of New Mexico at (505) 998-4529.
Local Information
Nestled in the foothills of the Gila Wilderness at an elevation of 6,000 feet, Silver City borders the Continental Divide and the Gila Wilderness.
Enjoy incredible, authentic Mexican food, play 18 holes of golf, browse through museums and galleries, or shop the day away for Southwestern art and souvenirs. From Silver City you can drive 15 minutes north and be in the cool pines or 15 minutes south and be in the high desert.
Our largest employers are Freeport McMoRan, Western New Mexico University, U.S. Forest Service, Gila Regional Medical Center, Silver City Consolidated Schools, Grant County, and others.
The July 2024 population estimates by the U.S. Census Bureau are 27,541 for Grant County and 9,377 for the Town of Silver City. The population is estimated to have decreased by 2.3% since the 2020 census. The housing unit count for the county is 14,835 and the town (n/a). Owner-occupied housing 73.2%, the median mortgage cost $1,191, and the median rent $810. The median income average is $45,921. More data here.
Local Event Calendars
Silver City
With a population of 10,273 (2013 census), Silver City is nestled at the base of the Gila National Forest and Gila Wilderness. It is located in Grant County, New Mexico. The Town of Silver City sits atop a site that has been home to Native American, Hispanic, and Anglo settlers for hundreds of years. Silver City was formed in the 1870s, after the discovery of silver in and around the town. Silver City quickly became a boomtown, and our Wild West past includes the history of Billy the Kid and Madam Millie. Today, Silver City is a bustling town with a diverse business community, a four-year university, and an award-winning historic downtown.
Bayard
Bayard serves as the business hub of the Mining District. Bayard is the home of the Kneeling Nun, and is a special place to Native Americans, Spaniards, miners, and ranchers. The City of Bayard grew up around the Bayard Station. In 1910, open-pit mining of copper ore commenced at Santa Rita. The Village of Bayard was incorporated on August 20, 1938.
Hurley
Hurley was created at the commencement of the Chino Copper Company's open-pit mining operation at Santa Rita in 1910. The community grew from a frontier settlement into a self-contained company town with over 5,000 residents. Currently the population ranges around 1,400. Many of today's residents are retirees and have an active Hurley Pride Committee.
Santa Clara
Santa Clara is located next to historic Fort Bayard. With a population of around 1,900, this small town is striving to improve its economic viability. Santa Clara was long known as "Central." Its post office was established under that name on January 8, 1887, and the name was changed to Santa Clara in 1996.
Grant County
Grant County includes Silver City, Bayard, Hurley, Santa Clara, and a number of other unincorporated communities/areas.
Unincorporated areas:
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Virden
There's a place for you to call home in southwest New Mexico!
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