Real Estate Information Archive

Considering selling your Albuquerque home in the near future? Due to the hot market, most homes are selling quickly. Even so, your home needs to look amazing to get the best price.

Making improvements to the exterior of your home is one effective way to achieve this. Here are some top tips to get the outside of your home in great shape.

Paint the House

Selling a house can be made easier with a great paint job. Potential buyers tend to avoid houses with old or outdated paint. These days it is more important than ever to make a good first impression. When potential buyers aren't impressed with the outside appearance of your home, they'll be less likely to view it.

If you have recently painted your home, you might want to consider updating the trim to give it a fresh, new look without having to complete a complete painting project.

Clean It

Good old soap and water and a long-handled, soft bristle brush is a good way to remove dirt and grime from your siding. Try spraying it off first, then scrub it if needed with a solution of 1/2 cup trisodium phosphate—TSP, (available at grocery stores, hardware stores, and home improvement centers) dissolved in 1 gallon of water.

Power Wash

Use a power washer if TSP doesn't remove the dirt. During your power washing, you might as well clean your walkways and driveway as well.

Front Door

It can make a huge difference to freshen up your front door. The process can be as simple as a good scrubbing, or as complex as a complete painting. A new door will be a great investment if the whole thing needs to be replaced.

Check Eaves and Downspouts

Cobwebs, wasps nests, and grime love these areas.

Stain the Fence

Have you noticed that your wooden fence is looking weathered? If you really want to kill some time, you can stain it yourself. For a more professional look, you may want to rent or buy a sprayer.

Wash the Windows

Do some work on those windows with those restless teenagers of yours. Even if you don't have teenagers, this is a wonderful way to get fit. Cleaning is most effective when you use dishwashing liquid and a squeegee.

Landscaping

The appearance of your home's exterior is largely influenced by your lawn. Even though you might spend a lot of time and effort on the house itself, you might lose all the effect if the lawn is unkempt. Taking care of your lawn starts with regularly mowing it. To give your lawn an extra boost, you can plant flowers, weed, and edge it. You should give your bushes and hedges a good haircut. (People appreciate nice haircuts these days.)

During this pandemic, your home is an investment that protects you. Even if you don't intend to sell your Albuquerque property, giving it some attention and love can be a very worthwhile investment.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Are you unemployed and thinking about buying a home in Albuquerque? You might think it's an impossible feat. But it might be possible to still qualify for a mortgage if you have other forms of income.

In short, you can't use your unemployment benefits to get a mortgage, but there may be other options to help you buy a home in Albuquerque.

What Forms of Income Count?

There are numerous types of income you can use if you are trying to get a mortgage. If you have dividends from investments or Social Security income, these can be included as income for mortgage purposes.

Another option is to have a co-signer.

Mortgage lenders do not consider unemployment income because it's a short-term source of income. Therefore, it isn't qualified income. Getting a mortgage while you are unemployed requires that at least one of the applicants has financial documentation.

In most cases, lenders require a stable income for at least two years. Lenders must also prove that income will continue for at least three years into the future. A lender cannot verify your future earnings if you're recently unemployed.

What Happens If You Return to Work?

Once you return to work after being on unemployment, you may not have to show a two-year job history to a lender. Depending on certain factors, reapplying for a mortgage might not even be necessary.

The factors can include, for example, whether or not you have income from other sources, how you handled your finances while unemployed, or the size of your down payment.

In the event that you have not yet started your new job, but you have an offer letter for employment, you may be able to qualify for a mortgage. The letter may need to verify that you'll be employed within 90 days of getting the mortgage, and it should also show your income.

Applying with a Co-Signer

A co-borrower will make it easier for you to get a mortgage following an unemployment period. When making an assessment, a lender will consider the income, debt-to-income ratio, and credit score of the other borrower.

Your co-borrower will need to have a good credit rating and a steady, verifiable income.

What is Considered Income?

Regular income payments made to you are counted by most lenders when determining whether you qualify for a mortgage.

This can include, for instance, income from a traditional job as well as many types of government benefits, self-employment, child support, and alimony. You can include income from rental properties if you own them. Payments you receive as a freelancer also count.

Lenders consider retirement and disability benefits to be income. Dividends, capital gains, and interest income can sometimes be considered.

Among the things that do not count as income are income that's not listed on tax returns, illegal income and projected income. If a lender is unable to verify your income, it won't be accepted, and capital withdrawals can't be used.

As a whole, you cannot use unemployment income to get a mortgage, but there are other options, such as finding a co-signer or co-borrower, or using other forms of income.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

When it comes to buying a house, Albuquerque first-time homebuyers have a serious problem. Despite an easing in acceleration, home prices continue to rise at record levels.

This trend is likely to continue for several reasons. Motivated buyers are plentiful, housing supply is limited, and mortgage rates are low. Prices for almost everything, including homes, are rising due to inflation. In a low-interest rate environment, buyers can buy more than they would ordinarily be able to, and this can result in heated bidding wars.

Additionally, sellers are staying put since they don't want to jump into a highly competitive buying market, further limiting the supply of available homes.

It's hard for homebuilders to get the materials they need, and if they do, labor is in short supply.

What are the implications of this for first-time buyers or anyone buying a house in Albuquerque?

Priced Out: What Does It Mean?

When you're priced out of the housing market, you cannot afford even a starter home. First-time buyers are often priced out for a variety of reasons, many of which are currently converging.

Your hard-earned down payment isn't going as far as you planned if you are trying to buy a house right now. You may not be able to pay for a house even if you save 20% of what you were planning to pay.

What are your options?

Although it may seem logical to keep renting, rent prices are increasing due to inflation and wages aren't keeping up, so renting isn't always the best option.

Although none of your options might be perfect, when you're priced out, your choices are limited.

Save More

Depending on where you live, you might have to keep renting and add to your savings if the market isn't currently affordable. At the same time, this allows you to wait a little longer until the market improves. If you want to re-enter the market successfully, you may have to be patient since it could take a couple of years.

It's better to think about your monthly expenses instead of the sales price when you're considering what you can afford.

If you want to wait out the market and put more money aside, don't just put it in your regular savings account. Some of your savings may need to go into riskier but higher-earning options, such as stocks.

Be Flexible

Changing your expectations is another option you have when you're priced out of the market. In the current market, limited inventory and other factors may make you give up some of your wish list items, or even more than a few.

Perhaps you'll end up buying a fixer-upper that fits your budget. The key to being a first-time buyer in today's market is to be humble.

Geographically broaden your home search

Likewise, you may have to give up some of your wish list as far as home features, and you may also need to broaden your geographic search. Prices for homes can differ considerably from one neighborhood to the next or from one suburb to the next. Have you considered buying a home in surrounding Albuquerque communities such as Rio Rancho, Placitas, Corrales, Bernalillo, or Sandia Heights, just to name a few?

Choosing the Right Real Estate Agent

Finally, as a first-time buyer, you will have a hard time navigating the current market without the help of a great real estate agent. Despite your ability to find an affordable home, you may face stiff competition.

Having a real estate professional who knows about properties before they hit the market will give you an advantage. As well as helping you understand your local market, they can help you adjust your expectations.

You can cut some of the stress out of the buying process by hiring a real estate pro to negotiate on your behalf. Contact Sandi Pressley and her team today to see how they can use their years of experience buying homes in Albuquerque to help you realize your home owning goals.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Homes are selling fast in Albuquerque, so we're excited to bring you these latest HOT listings! But there's no time to waste, so make sure you arrange to see these fabulous homes in person.

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

6320 BOBCAT HILL Place NE, Albuquerque, NM 87111

Highly sought after gated community in High Desert. situated on a PREMIUM VIEW LOT! Plus, take in the mountain views from the Wall of Windows in the great room, featuring soaring ceilings, a beautiful fireplace with built-in's and adjoining dining room. Owner's suite is on main level. Bright, sunny eat in Kitchen with breakfast nook, granite counter tops and Stainless Steel appliances. Spacious loft/office plus two bright and light bedrooms upstairs plus full bath. Loft could be a 4th bedroom if you enclosed it. New TPO roof in 2020; new hot water heater-60 gallon tank in 2018; new furnace & refrigerated air 2018 with high ratings for its efficiency; new carpet 2019; and so much more! View decks/balconies to take in the breathtaking city & sunset views! Near amazing hiking and biking trail

Learn More!

8535 OLD COTTONWOOD Avenue SW, Albuquerque, NM 87121

ACROSS FROM THE PARK!! 4BDR/3BA/2CG featuring 3 living areas; family room, living room and loft/rec area! Beautifully updated with tile flooring & tile surround at gas fireplace, interior paint, SOLAR system! Light, bright floor plan features an open kitchen with island, bkfst bar, gas stove, built-in micro, pantry, sunny bkfst nook open to the large living room with gas fireplace! Master suite features a walk-in closet, sep shower & garden tub. Huge loft can be used as rec room/playroom/office! Sep utility room! Beautiful backyard has open patio, easy care rock landscape and is walled for privacy. Great location across from the park, close to shopping restaurants and easy access to I-40!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

If you’ve been in the market to buy a home in Albuquerque, you’ve no doubt come across the concept of cash buying. Usually, it’s a tactic meant to sweeten the deal. But there are, as always, pros and cons of buying a home with cash.

It’s Less Common

Not as many home buyers are buying with cash these days. It’s just not as possible for most people with median home prices at around $300,000. According to the National Association of Realtors, around 87% of home buyers used financing when purchasing a home.

Buying with cash doesn’t mean you’re showing up to the closing with a briefcase full of cash. It just means you’re not using financing. You might pay for the home with savings, selling another property, or investments.

The Pros of Paying Cash

Paying with cash has some great benefits, such as:

• With stiff competition in the home buying market in Albuquerque, you’ll be more attractive to sellers. When it comes down to bidding wars, the cash offer will give you an edge over other buyers. Financing can fall through and delay the sale. Cash transactions usually close faster.
• You don’t have to deal with mortgage payments and the added cost of interest.
• Lower closing costs because you don’t have to pay lender and loan originating fees.
• Faster closing.
• The home is yours. You won’t fear losing it if you can’t make the mortgage payments.

The Downsides of Paying Cash

There are a few cons of paying cash for a home that you do have to think about as well.

• If you use all your money to buy the home, you won’t have access to it later if needed.
• There may be better ways to invest your money than to put it all in a home.
• You won’t be able to claim mortgage tax deductions, which allow you to deduct the interest on the first $750,000 of your mortgage.

If you’re still wondering if buying a home with cash is a good idea for your situation, talk to a financial professional. They can go over your finances to help you decide what the best course of action is. And of course, we can also help you weigh the pros and cons as well to fit your specific real estate needs.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

When you get a mortgage to buy a home in Albuquerque, you are taking out a long-term loan. Mortgages are used to finance the purchase of a home. As well as repaying your principal, you make interest payments to your lender. Your house and land serve as collateral for the loan. A mortgage consists of two basic components: principal and interest. The following sections describe what they are and how they impact you as a borrower.

What is a Principal Payment?

As a borrower, you will initially borrow a certain amount of money, which is called the principal. You calculate your principal by subtracting the final selling price of your home from your down payment. Your budget and how much home you can afford are determined largely by your principal. 

As soon as you borrow money, interest begins to accrue. Mortgages are typically paid in monthly installments over a 15- or 30-year period. The outstanding principal on your mortgage refers to how much you still owe.

Interest on a Mortgage

Mortgages don't just require you to pay the principal each month. You also pay interest. A lender charges you interest to let you borrow money. The interest rate is determined by a percentage. The money you pay each month goes toward your principal and interest, and the two are combined into a single payment to your lender.

Does Your Mortgage Principal Change?

With most home loans, your monthly payments don't change despite paying down your principal over time. However, you will end up paying less interest over time. 3% of a smaller remaining principal, for example, is going to cost you less than 3% of your entire principal when your loan is processed. Even though your payments remain the same, you're putting more toward your principal. 

Payment changes could occur on rare occasions. Getting an adjustable-rate mortgage is one example. Home loans come in two varieties. The first is adjustable-rate and the second is fixed-rate. Your interest rate will remain the same throughout the term of your loan if you take out a fixed-rate loan. A variable-rate mortgage has periodic rate changes. If the rate goes up, so do your monthly payments.

After you get enough equity in your home, your lender will cancel your private mortgage insurance, so your payment may change.

Refinancing means replacing your old mortgage with a new one. Therefore, you'll have a new interest rate, monthly payment, and term length on the new one. When you refinance, your principal could change, but it doesn't have to.

Last but not least, you can pay more toward your mortgage than the minimum. You can either make a monthly payment or a lump sum payment. When you make extra payments, you reduce your principal, so you can pay less in interest every month.

When you reduce how much you pay in interest, you get lower monthly payments.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

7509 MCNERNEY Avenue NE, Albuquerque, NM 87110

Wonderful Mossman home in the desirable Uptown area. Beautiful refinished original hardwood floors. Renovated kitchen, with satin finished granite countertops, ample cabinets and island. Two open living spaces, a generous sized dining room, 3 bedrooms. Both bathrooms have been updated. Separate laundry room. Designer Paint colors throughout the home. oversized 2 car garage, room for storage or workshop. Large backyard. Refrigerated Air. Roof replaced in 10/2020. This home is a true Gem.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

When homes like this hit the market in Albuquerque, there's no time to waste! These hot listings are prices to sell fast, so make sure you act now to get into the ideal home for your family in Albuquerque.

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

515 IRON Avenue SW, Albuquerque, NM 87102

PRIME DOWNTOWN LOCATION READY FOR AN INVESTOR'S TLC....SOLD AS-IS....PRICED TO MOVE. HOME WAS SEPARATED INTO 2 UNITS, BUT COULD EASILY BE MADE BACK INTO ONE. INTERIOR DOOR SEPARATES FRONT UNIT FROM BACK UNIT. ALL OFFERS TO BE REVIEWED SATURDAY AT 5 PM

Learn More!

545 PINON CREEK Road SE, Albuquerque, NM 87123

Views! Views! Views! Enjoy the views & wildlife all around in this natural setting nestled in the foothills!! Open floor plan with lots of natural light! Two balconies & front porch deck!! New roof in 2021! 3 new patio doors in 2021! 2BDR/2BA/2CG plus approx 1033 sf of unfinished bonus storage area on lower level. Large foyer! Skylights! Living/dining room features raised ceilings, clerestory windows, fireplace & balcony with views! Master suite features a fireplace, dual sink vanity, sep shower & sep tub, & balcony with views! Make your own updates with your style in this light, bright & open townhome! Great location close to foothill trails, shopping, parks, easy access to I-40 to KAFB, Sandia Labs, airport, downtown!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

You are no doubt going to have a number of showings to potential buyers when you sell your home in Albuquerque. Unfortunately, this can lead to a lack of security for your possessions. It’s not uncommon for thieves to take advantage of home showings and open houses in order to get their hands on valuables.

Here are some tips to keep your home and valuables safe.

Get a few cameras

You can buy a few cheap cameras and install them in plain sight throughout your home. This way, you will be able to identify theft if it does occur. The obvious place to put these is at the front door to the home, as well as in places like the bedroom closet and the home office, where thieves tend to hide. If you don’t have the budget for a security system, you can even place some dummy cameras around the house, which can be bought at many dollar stores.

Remove temptations

Your stuff will be much harder for thieves to steal if they don't have easy access to it. It is a good idea to remove high-value items when strangers are going to be around, even if you cannot get rid of everything of value (TVs can stay). Therefore, jewellery, expensive collectibles, or important documents should not be left lying around. Be sure not to leave bank statements or any other financial information out, and make sure important items like passports and keys are not visible. Don’t hide anything in your top dresser drawer (a go-to spot for thieves).

Watch the medicine

Another important step is to examine medicine cabinets. Thieves have been known to target open houses to find prescription drugs.

Watch the kids

You can’t stop people from bringing their kids to open houses (nor would you want to if you’re in a family area), but that doesn’t mean you have to be thrilled about them traipsing through your house. Children who are unsupervised will probably touch items, especially if toys are accessible. Keeping access to toys or games limited will help, as will putting out a toy or game specifically for the purpose of attracting little hands.

Make sure you’re insured

As a precaution, it's wise to check with your insurance agent to make sure you're covered should something happen during an open house or showing. Working from room to room and taking pictures can help you provide documentation should you need it.

Showing your home to buyers in Albuquerque is a necessary part of the process of selling your home. But with some common sense and preparation, you can make the experience safer for all involved.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

Palm Road NE, Rio Rancho, NM 87144

Sweeping Views of the Sandia Mountains, ready to build your custom home.

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

There is no one way to buy a house, and everyone experiences it differently. One element of buying a home in Albuquerque may be challenging for you while another element may be more challenging for another. In general, a lot of people say the following things are the most challenging when buying a house.

Home Price

Since the pandemic, home prices have risen sharply. Even after they've been able to purchase a property, homeowners say the most challenging aspect of the process was the price.

There are major bidding wars going on, particularly for starter homes, as well as for properties in all price ranges. There is a limited number of homes on the market, people are afraid to sell because they aren't sure if they'll find something else to buy, and mortgage rates are at record lows. All of these factors can make it feel impossible to buy a home.

The Paperwork

One of the most challenging parts of buying a home is the paperwork, although how difficult this is depends on your job and financial situation as well as the type of loan you're applying for.

Self-employed people may have a harder time with paperwork and the loan process itself. Just to get started, you'll need to show several years of tax returns and bank statements. During the waiting period before the loan is finalized, you may feel a lot of anxiety. Loans are usually not finalized until just before closing. You have to wait in limbo until the last moment, and you may not have a clear idea of what’s happening with it during this time of uncertainty. 

The Emotions

Before you start the process, you may not realize how emotionally draining buying a home can be. For example, you might fall in love with a house that's way out of your budget and end up overspending. When you work with an experienced realtor like Sandi Pressley, they can help you stay objective so you don't put yourself in a precarious financial situation. 

It’s easy to start to feel overwhelmed and discouraged when you lose out on a house as well.

During the home-buying process, you should learn how to manage your expectations. You have to prioritize the most important things and be ready to walk away if something like a bad inspection happens.

Saving for a Down Payment

One of the biggest hurdles to buying a home is the down payment, which is determined by the cost of the home. When you're already paying rent, it can be incredibly challenging to save for a significant down payment.

Agreeing

If you're buying your first home with your partner, deciding might be the toughest part.

You may have a completely different idea of what the ideal home is than they do. You may fall in love with something that your partner flatly rejects. It can be challenging, but you can void some of these pitfalls by having in-depth discussions about what you both want early on.

A real estate agent can assist you with many other aspects of buying a home; their job is to make things easier on you and provide their expertise to an otherwise stressful process. You can count on Sandi Pressley and her experienced team to make the home buying process as easy and stress-free as possible.

Today, selling a home in Albuquerque provides outstanding financial benefits. Now is the best time to list if you are ready to make a change, as homes are selling fast. However, if you decide to sell your house right now, you may wonder where you will live when you move.

You may be considering building a new home as one of your options, with so few homes on the market right now. Yet you might be unsure whether that is the best option. Whether you choose to buy a newly constructed home or an existing one, working with a real estate agent is essential to your success.

The Pros of Newly Built Homes

To begin, let's analyze the benefits of buying a newly constructed home. In a brand-new home, you can:

1. Create your perfect home.

Customizing your home from the ground up gives you the ability to choose features such as appliances, finishes, landscaping, layout, and more.

2. Energy efficiency.

Energy-efficient options can help lower your utility costs, reduce your carbon footprint, and protect the environment.

3. Minimal repairs.

Almost all builders offer a warranty, which means you won't have to worry about repairs. Furthermore, you won't have as many little projects to deal with.

4. Eveything is new.

New houses have the advantage that nothing in them will be used. Everything is brand new and yours from day one.

The Pros of Existing Homes

In comparison, let's look at the advantages of buying a home that's already built. With an existing house, you can:

1. Broader variety of home style and floorplan options.

There is a broader range of floor plans and designs to choose from since there have been decades of homes.

2. Move into an established neighborhood.

Before you commit to a new home, you can see the neighborhood, the community, or the traffic patterns first.

3. Mature trees and landscaping.

As well as more developed landscaping and trees in established neighborhoods, you will have more curb appeal and privacy. 

4. Lived-in charm.

It is difficult to recreate the character of older homes. You may prefer an existing home if you value timeless craftsmanship or design elements. 

It's up to you. It doesn't matter what route you choose to start your search for the perfect home - what matters is deciding what features and benefits are most important to you. Making the most educated and informed decision with the help of your trusted real estate advisor will enable you to move into the home of your dreams.

To learn what's available and what's right for you, speak with a member of the Sandi Pressley Tream.

HOT PROPERTY OF THE WEEK!

9701 LAYTON Avenue NE, Albuquerque, NM 87111

Rare find in La Cueva School District!!! This is technically a condo, but constructed as a townhome. NO HOA!!!! This centrally located gem features NEW Refrigerated Air, NEW Synthetic Lawn, NEW Fencing, NEW ceiling fans and more. The soaring ceiling in the Living Room makes for a comfy space with tons of light & gas fireplace, plus downstairs half bath. Open kitchen with gas appliances and tons of storage. Enjoy 3 bedrooms with balconies allowing for striking views. Schedule this one today!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.