Land in TAOS County, NM (for sale, real estate, buying)

[camelendez2]

i bought some land in Costilla meadows, Taos county. have not been there but i am going there in two weeks to see how the land and the area is. any info is appreciated

[ognend]

Originally Posted by camelendez2

i bought some land in Costilla meadows, Taos county. have not been there but i am going there in two weeks to see how the land and the area is. any info is appreciated

You bought the land without seeing the area first?

[Radicat]

Originally Posted by camelendez2

i bought some land in Costilla meadows, Taos county. have not been there but i am going there in two weeks to see how the land and the area is. any info is appreciated

The purchasing of land sight-unseen isn't always a bad thing. Half of Florida was originally sold that way. Heck, I'm thinking about buying a gold mining claim without seeing it. I don't care what the land looks like, as long as I can get to it. It all depends what is important to a person. If you buy in the mountains you'd be taking a bigger risk if you didn't have some proof of being been lied to about the lay of the land. I know of a bunch of lots that are for sale that no respectable Billy-Goat would want to live on.
I'm sure you have used Google Maps to get a bird's eye view of the land you bought. For a litttle more info on Taos go here:
Moderator cut: link removed, linking to competitor sites is not allowed

Also do a search on this forum for Taos threads.

If you bought the property online or have email correspondence with the seller, save everything just in case you have been duped. In that case post here to let us know what they did to you. If you were lied to, the liars need to be exposed for what they are. If the land you bought is in a
subdivision, the seller/developer was required to make certain things known to you concerning utilities and access. They also must have done a survey, for an accepted plat, placed metal stakes at each corner, and recorded the survey with the county clerk. You'll be able to get a copy of that survey from the county clerk, for your lot, the unit it's in, or the entire subdivision. If you bought from an individual they may or may not have ever had a new survey done. If they did, it should also be recorded.

I wish you well in any case. Let us know how things go for you.

[Mike Horrell]

Originally Posted by Radicat

The purchasing of land sight-unseen isn't always a bad thing. Half of Florida was originally sold that way.

Was that the half that is under water all the time or the half that only
occasionally floods during hurricanes?

[ognend]

Originally Posted by Radicat

The purchasing of land sight-unseen isn't always a bad thing. Half of Florida was originally sold that way. Heck, I'm thinking about buying a gold mining claim without seeing it. I don't care what the land looks like, as long as I can get to it. It all depends what is important to a person. If you buy in the mountains you'd be taking a bigger risk if you didn't have some proof of being been lied to about the lay of the land. I know of a bunch of lots that are for sale that no respectable Billy-Goat would want to live on.
I'm sure you have used Google Maps to get a bird's eye view of the land you bought. For a litttle more info on Taos go here:
Moderator cut: link removed, linking to competitor sites is not allowed

Also do a search on this forum for Taos threads.

If you bought the property online or have email correspondence with the seller, save everything just in case you have been duped. In that case post here to let us know what they did to you. If you were lied to, the liars need to be exposed for what they are. If the land you bought is in a
subdivision, the seller/developer was required to make certain things known to you concerning utilities and access. They also must have done a survey, for an accepted plat, placed metal stakes at each corner, and recorded the survey with the county clerk. You'll be able to get a copy of that survey from the county clerk, for your lot, the unit it's in, or the entire subdivision. If you bought from an individual they may or may not have ever had a new survey done. If they did, it should also be recorded.

I wish you well in any case. Let us know how things go for you.

Unless you are made of money buying land sight-unseen IS ALWAYS a bad idea. You are better off going to a casino.

[Radicat]

This afternoon, a 1 acre parcel of land a few minutes out of Alburquerque sold on eBay for a little over 500 dollars including all fees. I like the odds of that land deal turning out good a lot better than at any casino that I've ever lost money in.

Yes it's true that much of the land that was sold, and is still being sold, in Florida is swamp land. I know of many multimillionaires who are still buying it, developing it, and getting richer. They see money, where most see a wasteland. Of course, half of Florida will be reclaimed by the Gulf within the next half century anyway.

[filmsniffer]

I'm considering buying land in NM as well. Thanks for the tips given in this thread.

If it turns to be a wasteland, sit on it...you will profit from inflation, anyway.

[jazzlover]

Originally Posted by filmsniffer

I'm considering buying land in NM as well. Thanks for the tips given in this thread.

If it turns to be a wasteland, sit on it...you will profit from inflation, anyway.

Absolute nonsense. There are plenty of places in New Mexico and Colorado where values of "wasteland" have not kept up with inflation, without even considering the carrying cost--most notably property taxes. That shallow statement is like saying all stocks always go up in value--even the crappy ones. The statement about real estate values especially rings false now, when we are likely entering what may be a long-term bear market in real estate. Real estate has enjoyed a long-term bull market, to be sure--long enough to seduce people into thinking that it can only continue to go up and that any real estate investment is a good one. That thinking has, as it usually does, created a huge speculative bubble that now is bursting. Of course, there are some that would say that having some Western land owners fleece a bunch of out-of-state tenderfoots out of their money is just dandy--especially on some sight-unseen little piece of the "Old West." After those suckers find out what they've bought, maybe they'll be game to buy some snake-oil, too--helps get that bitter taste out of their mouths.

[jaada]

i dont find any raw land wasteland they have alot for sale in southern colorado, cheap. it might not be for everyones taste but it might be for some. although i do have to agree buying land without seeing it isnt a good idea.

[Radicat]

Originally Posted by jazzlover

Absolute nonsense. There are plenty of places in New Mexico and Colorado where values of "wasteland" have not kept up with inflation, without even considering the carrying cost--most notably property taxes. That shallow statement is like saying all stocks always go up in value--even the crappy ones. The statement about real estate values especially rings false now, when we are likely entering what may be a long-term bear market in real estate. Real estate has enjoyed a long-term bull market, to be sure--long enough to seduce people into thinking that it can only continue to go up and that any real estate investment is a good one. That thinking has, as it usually does, created a huge speculative bubble that now is bursting. Of course, there are some that would say that having some Western land owners fleece a bunch of out-of-state tenderfoots out of their money is just dandy--especially on some sight-unseen little piece of the "Old West." After those suckers find out what they've bought, maybe they'll be game to buy some snake-oil, too--helps get that bitter taste out of their mouths.

I agree that there are a whole lot of people who bought land when they shouldn't have. Now they're sitting around whining and blaming the whole world for their stupidity. I hope some of them take your post to heart and drop those prices a lot more.