Real Estate Information Archive

Selling a home in Albuquerque always involves an inspection. But when the inspector reports something amiss in the plumbing, sellers either panic or simply shrug it off.

If there are issues with the property, an inspector is sure to find those. For the most part, buyers will not commit to buying a home until it's been thoroughly vetted by an inspector.

It can be a hassle to make repairs after an inspection, and it will certainly eat into your profits. But what kind of repairs could you potentially be expected to make?

Check the Contract

In order to avoid being forced into repairs you don't want to make, you should check your contract.

Generally, you shouldn't sign a contract until you clearly understand what it stipulates. This is especially true when it comes to repairs.

Thankfully, not everything that the home inspector suggests you fix must be fixed. Reports are not to-do lists.

There are three kinds of repairs: necessary, optional, and debatable.

Required Repairs after a Home Inspection

Prior to releasing funds to complete the purchase, lenders will require some repairs. Repairs are usually needed because of structural issues, safety concerns, and code violations.

An inspection may uncover mold or mildew that poses a safety risk. Unrepaired leaks in water mains and damaged plumbing systems can cause mold growth.

Bob Oates Plumbing recommends all clients perform routine plumbing maintenance on an annual basis after a water main breaks, because an undetected leak can lead to high water bills, mold, mildew, and rot.

If such problems are discovered during the home inspection, you will likely be responsible for fixing them.

A repair credit is often offered to buyers, allowing them to perform the repairs themselves. Taking this route means you won't have to supervise the repairs.

Repairs that are Not Required

Normal wear and tear or cosmetic damage is not the seller's responsibility.

In some contracts, the buyer will be restricted to requesting only the above-mentioned required repairs and cannot request cosmetic repairs. However, the seller is also liable for any issues or defects discovered during an inspection if state laws govern that matter.

To know which repairs you will be responsible for, you should understand your local ordinances.

Negotiable Home Repairs

Repairs that are negotiable fall somewhere between required and optional repairs. Market conditions affect how they're treated.

There is more flexibility for the seller in a seller's market. If the market is hot, the contract may specify that the buyer will buy the home "as is" or may request the buyer request a limited inspection only. The seller would not be obligated to pay for repairs if the contract stipulates such language.

Such strict rules would not be allowed in a normal marketplace.

Sellers are responsible for negotiating these repairs. Home warranties are offered by some, while others offer value-added incentives to buyers.

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.

For a while, many Albuquerque home owners had lost interest in dining rooms. Formal dining rooms didn't get decorated or even used since homeowners weren't motivated to do so. 

But that may be changing. The dining room has lost its footing over the years to expanded kitchen eateries and admonished for its lack of use, but the formal dining room is making a strong comeback.

Make your dining room stand out with these tips.

The right table

It's all about scale. An improperly sized table can throw off the whole room. “When choosing a dining table shape, consider your room's dimensions, how many people you'll typically want to seat, and your entertaining style,” said Wayfair. “Don’t forget, removable leaves allow you to adjust a table depending on the size of your dinner party.”

Color 

Adding a personal touch to the dining room makes it a great place to showcase your unique personality. You can be bold with those walls and use a deep, rich, vivid, or saturated color. You can also choose a wallpaper that catches the eye. Wallpaper has been in vogue for a while now, and the dining room is the ideal base for pretty patterns.

Lighting

Make a statement with a chandelier. Where else but the dining room? But that's just the beginning. 

“Ideally, you should choose bulbs and fixtures that produce between 200 and 400 watts, but the real key is layering: make sure to use a mix of lighting sources including floor lamps, wall fixtures, candles and windows (Yes, natural lighting counts too!),” said Pottery Barn. “The shape of your light fixture is also important. Choose a shape that complements your dining table. For example, hang a rounded fixture above a round table and choose an oval or linear fixture to hang above longer and rectangular tables. Finally, consider the size of your space. If you have a large dining room, go big and bold with an extravagant chandelier. If your space is smaller, smaller hanging pendants will achieve a similar effect without taking up too much space.”

Seating

Combining comfort and class is the way to go. Make sure you pay attention to the seat fabric as well. Here's another chance to show off your flair. 

It is also important to use a high-quality fabric. If you have young children, you may need to consider the fabric's porosity. Top choices include microfiber and leather. A busy pattern also works well because stains won't show up as easily. 

Add a rug

“Round out your dining room design with vibrant area rugs,” said Better Homes and Gardens. “Anchor your dining set with a colorful area rug that harmonizes with your palette and decorating style. Area rugs should extend at least 2 feet beyond a table's sides to accommodate occupied chairs. An 8x10-foot area rug is a good fit for most dining sets. Introduce kicky slipcovers, graceful draperies, fabric lampshades, eye-catching artworks, framed mirrors, and cool collections that counterbalance your furniture's heavy forms and hard edges.”

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.

HOT HOME LISTING OF THE WEEK!

12623 INDIAN Place NE, Albuquerque, NM 87112   $299,000

4 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1906 Square Feet

Move In Ready! Don't miss the opportunity to own this lovely & meticulously maintained NE Heights home, nestled in the quaint Royal Heights neighborhood! The efficient floorplan offers over 1900 square feet with both formal & informal living spaces; complete w/4 bdrms! Interior professionally painted 2021; New Evap cooler April 2021; Pella sliding door; Pergo flooring & more! Well thought out kitchen features beautiful cabinetry & counters; eat at peninsula; updated back splash; & pantry addition, all which opens to the cozy family room w/wood burning fireplace, leading out to the landscaped backyard w/large covered patio; lawn; shrubs; trees; & storage. Views of the Sandia Mtns on a large corner lot w/great curb appeal; close to foothills, trails, shopping, & commute. Don't wait to show!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Are you in the market for a luxury Albuquerque home that offers the very height of custom distinction? A full array of luxury features await you in each of these unique and amazing estates. Please contact us for an exclusive showing since there are too many great features to list here.

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.

10200 Corona Avenue NE, Albuquerque, NM 87122

$1,899,000

Heaven in North ABQ Acres! Spectacular Custom Built home, designed by Eric Spurlock. Enter through private courtyard. The flowing floorplan offers soaring herring bone beamed ceilings and expansive great room makes this a wonderful home for entertaining. Chef's kitchen offers all Viking Appliances, island with gas cooktop, opens to a Morning room with Kiva Fireplace, sitting area and a breakfast nook. Also opens to an outdoor patio. Formal dinning room, with entrance to private Wine tasting room, temperature controlled, space for 100s of bottles w/racks and wine storage. Seating for conversation. Owner's suite on main level offers tray ceilings, sitting area, access to outside patio.

Learn More!

13516 DEER TRAIL Place NE, Albuquerque, NM 87111

$875,000

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formal dining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away!

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.

Have you heard about Opendoor? If you plan to sell your home in Albuquerque, perhaps this company has crossed your path. Opendoor is capitalizing on the popularity of iBuyer technology. The term iBuyer refers to an instant buyer. IBuyers theoretically make the process of selling a home easier, faster, and sometimes cheaper.

What Is an iBuyer?

As was touched on, Opendoor is characterized as an iBuyer. Using technology, iBuyer companies offer instant offers on properties. Data and advanced algorithms are used by an iBuyer company to estimate the value of a property. Based on that information, they make an offer.

Traditionally, sellers do not have to market and sell their homes. iBuyer then takes ownership of the home, makes any necessary repairs or changes, markets it, and eventually sells it on.

Occasionally, the terms iBuyer and flipper are used interchangeably, but there often appears to be differences between the models. Flippers typically buy foreclosure homes or homes near foreclosure that need extensive renovations. The work will be done and then sold for a profit.

IBuyers tend to search for homes in good condition, and they'll likely pay fair market value. Repairs might be made, but most renovations are minor.

Where do they make their money?

Opendoor is a fee-based service. The iBuyers try to charge a commission fee that is comparable to that of a real estate agent. Fees are based on the time required to sell a property.

What Is Opendoor Specifically?

Opendoor is one of the largest iBuyers at the moment. A lot of credit goes to them for starting iBuying. Opendoor charges its customers a service fee.

When someone submits an offer request, Opendoor will provide the seller with all-cash offers within 24 hours. After entering your address, you can choose the features of your home and any upgrades you've made. After you accept the offer from Opendoor, they'll send a team out to conduct a walkthrough.

They deduct the costs of repairs if they believe they are necessary. You only need to choose a closing date if you agree to the offer and terms.

What Are the Pros of Opendoor?

There are definitely some upsides to Opendoor. To begin with, it is simple. That’s the biggest benefit. Traditional methods of selling a house can be time-consuming and frustrating. An inspection, closing, and selling a house can take months. It is really possible to get an offer within 24 hours on Opendoor, and they also pay for the inspection.

What Are the Cons of Opendoor?

Opendoor has its downsides, as with anything.

First of all, it helps if you have some idea about the local Albuquerque real estate market. Selling a home requires you to make smart decisions that lead to a competitive offer from Opendoor. You might be better off working with a realtor in the traditional sense if you do not have this knowledge and experience.

It's also possible that you won't make as much money selling your home as you would if you sold it traditionally, especially if you live in a seller's market right now.

Also, Opendoor charges at least 7.5% for using the service, which is more than the usual commission paid to real estate agents. There is also a disclaimer that they could charge as much as 14%, whereas real estate agents usually charge just 6%. Fees are determined by how long it takes to sell your home, its features, as well as comparable homes in your area.

Furthermore, Opendoor determines the cost of any repairs based on its own inspection. You can negotiate repair costs if you sell your home conventionally.

Opendoor and other platforms like it may seem as if they're the future of real estate, but it's more likely to be a component of it. But working with a real estate agent will also remain a popular choice for buyers and sellers.

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.

HOT HOME LISTING OF THE WEEK!

2625 HALCON Place SW, Albuquerque, NM 87105   $400,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2797 Square Feet

Country living in the South Valley at its best! Covered sun porch & front entry with rose bushes! BACKYARD ACCESS with electric gate. Metal Roof! 3BDR/3BATH featuring a beautiful ADDITION in 2010 for kitchen, sitting room & master suite! Oversized kitchen features beautiful cabinetry, granite countertops, huge pantry & tile flooring! Master suite features his/her vanities, large walk in closet, jetted tub, sep shower, skylights, gas fireplace! Detached 2Car garage with pit, crane, sink & storage; horse barn & shop w/electricity & chicken coop! Gorgeous yard to entertain family & friends! Fruit trees, grapes, grass, shrubs & covered patio!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

So you're all set to buy that charming old home in Albuquerque. But before you start packing your belongings, you should make sure the plumbing can handle your needs and doesn't need major repairs.

It’s true, older homes in Albuquerque are charming and full of character. In many cases the materials stand the test of time, but not always. Plumbing is a different animal. Below are 10 things to check before writing the big check.

1)  Sewer line. Have an expert check the sewer line to the street. A video camera is crucial to detecting potential problems. Tree roots, corrosion or clogs can all hurt the line, and you don’t want it to collapse.

2) Water heater. Check the age. Water heaters should last at least 10 years, so if it’s much older than that, it’s probably time to replace it. Look at the location, will it cause problems if it leaks?

3) Toilets. Check toilets for leaks at the base to check for damage. Sealing a leak will make the problem worse. Check for things like rocking, discoloration, or warping at the base. Flush each toilet to make sure there aren't clogs.

4) Water supply pipes.

• Find out when the pipes were installed and whether they have been replaced.
• What type of pipes are they? If they are copper or plastic, they have probably been replaced. Copper and plastic don’t corrode like steel, but some plastics, such as PVC, are not approved for inside use.
• If it is galvanized steel, it is probably old and likely to require replacement. Look for small holes that could be rust.
• Are the pipes a mix of different materials? This is usually a sign that minimal maintenance has been performed and will likely need replacement.
• If the pipes are cast iron, they may need to be replaced due to mineral build up, corrosion or leaks.
• Pipes made from polybutylene should be replaced. These pipes a grayish, flexible plastic used from the 1970’s to the 1990’s. Chlorine erodes them over time.
• All lead pipes should be replaced.

5) Inside water lines. Look for discolored water or leaks in the pipe you can see—either in the basement or under the sink.

6) Drain lines. Even though these lines generally don’t corrode, play it safe and look down the drain.

7) Water taps. Turn on the tap to check for corrosion. If the home is vacant and there has been no activity for a while, rust may drain out, but if it is occupied, corrosion is more likely.

8) Water Pressure. Test the water pressure by running all the faucets simultaneously. You need 3/4” water pipe from the water source to the house, and no less than 1/2” to the faucets.

9) Crawl space and basements. Look for water damage, leaky pipes or inadequate repairs.

10) Shower pressure. Although there are numerous models with varying water pressure, make sure the stream of water is steady.

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.

HOT HOME LISTING OF THE WEEK!

2625 HALCON Place SW, Albuquerque, NM 87105   $400,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2797 Square Feet

Country living in the South Valley at its best! Covered sun porch & front entry with rose bushes! BACKYARD ACCESS with electric gate. Metal Roof! 3BDR/3BATH featuring a beautiful ADDITION in 2010 for kitchen, sitting room & master suite! Oversized kitchen features beautiful cabinetry, granite countertops, huge pantry & tile flooring! Master suite features his/her vanities, large walk in closet, jetted tub, sep shower, skylights, gas fireplace! Detached 2Car garage with pit, crane, sink & storage; horse barn & shop w/electricity & chicken coop! Gorgeous yard to entertain family & friends! Fruit trees, grapes, grass, shrubs & covered patio!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Many Albuquerque homeowners find kitchen remodeling a costly project. The fact that COVID-19 has given people more time at home means that many are considering remodeling their homes.

Some homeowners choose IKEA kitchens to save money on kitchen projects.

The savings can eventually add up to thousands or even tens of thousands of dollars, but is it worth it? This is a personal decision, but there are a few things to know about an IKEA kitchen.

Designing an IKEA Kitchen

The initial design process of an IKEA kitchen poses one of the biggest challenges. In the store, you can have a designer assist you with the design. A nearby IKEA can simplify things, and you will avoid the risk of your mistakes derailing your project. But if you live in Albuquerque, you will no doubt have your kitchen shipped, as the closest store is in Phoenix.

If so, there is an online planning tool available.

The concept of an IKEA kitchen is the same as that of their furniture. Aside from being budget-friendly, things are packaged and delivered so they can be assembled right away. The work may be possible without a contractor.

One of the most important things to remember when using the design planner is to measure, measure, and measure again. It is important to consider things like window openings, outlets, and door swings.

As soon as you have your measurements, you can start planning the layout of your kitchen. This simply means putting everything where you will need it and thinking about how everything will flow.

Are the Cabinets High-Quality?

Cabinets, particularly custom cabinets, can be extremely expensive. It is significantly cheaper to buy cabinets at Ikea.

IKEA cabinets are primarily made of particleboard, which is then covered in laminate. Solid wood is a preferred choice for some people. Again, that's completely up to you.

As IKEA cabinets aren't available in custom sizes, if you have an odd space or something doesn't quite work out, you may need to use a filler piece.

Another important part of planning your kitchen is the 3D planner. You can think of it as a puzzle.

Cabinets can be equipped with features such as internal organizers, and drawer dampeners can give your cabinets a soft closing. Below the counter are the base cabinets. It is available in two depths, with the standard depth being 24 inches. Above the countertops are wall cabinets. Wall cabinets typically have a depth of 15 inches.

The tall cabinets come in handy if you need additional storage, which is somewhat like a free-standing pantry. Their height is 80 or 90 inches, and they sit on the floor. Base cabinets can either have exposed legs or toe kicks.

What About the Countertop?

Although you can buy cabinets at Ikea, you might want to look elsewhere for countertops. You can choose either laminate or veneer.

Putting it Together

As always, your IKEA kitchen will not be assembled when it arrives. A contractor can assemble them for you or you can do it yourself. You should have your kitchen delivered instead of picking it up, and you may find that if you have a larger kitchen, you have more than 100 boxes.

The way you put everything together and install the components correctly is crucial to the durability and quality of your IKEA kitchen. Think about having someone help you if you're unsure of your skills.

In addition, if you do not plan on changing your kitchen layout or shape, you could be limited in your IKEA kitchen choices. This is simply due to the modular design of IKEA kitchens and the lack of customization possibilities. If you are going with IKEA, a straight-line kitchen is the best option.

Whether or not an IKEA kitchen is worth the cost savings depends on your preferences, the layout of your kitchen, how handy you are, and what your budget is.

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.

HOT HOME LISTING OF THE WEEK!

7508 CALLE MONTANA NE, Albuquerque, NM 87113

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3011 Square Feet

Beautiful 5 bedroom Stillbrooke home in highly sought after planned community! Main level features grand open floorplan w/gorgeous custom staircase; spacious great room opens onto breakfast nook & kitchen w/granite countertops, island & breakfast bar. Cathedral ceilings & Clerestory windows makes this home bright & light. Flexible floorplan could be 2 living areas: office & 5 bedroom plus loft, OR formal dining, greatroom, 5 bedrooms & loft/media area. Master suite on main level has backyard access, spa like en suite & huge walk-in closet. Also, a secondary bedroom on main level. Upstairs features a huge loft/media room, 3 more very large bedrooms, & additional full bathroom. Lovely landscaped backyard w/water feature & fully walled for privacy. New carpet 2019, & updated SS appliances.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

When your garbage cans are out five minutes after garbage pickup, they complain. When a car is parked outside their house -- legally, of course -- they get mad. Everything is a big deal to them. Those people are the Nightmare Neighbors, and they need to be avoided at all costs. 

“Neighbors matter: more than three-quarters of Americans say neighbors factor into their decision when choosing a new home,” said mortgage company Ally. They surveyed more than 2,000 Americans on their favorite and least favorite characteristics in a neighbor. “More than half of Americans report having had what they'd classify as a ‘nightmare neighbor’ in the past,” and 67% of the respondents said that “prior unhappy neighbor experiences make them realize the importance of good neighbors.” 

When you are deciding on a new home in Albuquerque, how do you know who your neighbors are truly? You do these three things: 

Ask

Unless one of your neighbors has done something legally required to be disclosed, asking the seller about your neighbors may not get you a straight answer. In any case, a seller has little reason to reveal if he dislikes the person next to him or across the street. At the end of the day, they want to make the sale. Even though they have had problems with a neighbor, it doesn't necessarily mean you will. 

A real estate agent may be able to get some information from the selling agent, because they have a duty to you. Other neighbors may also be able to help you. Is there anyone outside? Say hello!

Spy

If you're buying a house, it's always a good idea to make multiple visits at different times of the day and on different days. You won't get enough information from one short visit about what it's like to live there. 

It's best to get out of your car and walk around. “Ideally, you should try taking a few different routes on your walks around the neighborhood and go at different times of day,” said The Zebra. “It takes time, but the amount of valuable information you’ll get from it is well worth it before making a decision this big.”

Research

If you are planning to move, the first thing you should do is check a site like Family Watchdog to see if there are any sexual offenders in the neighborhood. A reverse address search can be done on a site like Spokeo to check the addresses of individual houses in a neighborhood. With just a few clicks, you can learn a lot. Addresses lead to names, and names lead to police activity or court records. 

It's a goldmine of information about the people who live in the neighborhoods in which you're interested if you can get access to the Nextdoor community site. Some neighborhoods also have Facebook pages that might provide you with valuable insight. 

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.

HOT HOME LISTING OF THE WEEK!

7508 CALLE MONTANA NE, Albuquerque, NM 87113

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3011 Square Feet

Beautiful 5 bedroom Stillbrooke home in highly sought after planned community! Main level features grand open floorplan w/gorgeous custom staircase; spacious great room opens onto breakfast nook & kitchen w/granite countertops, island & breakfast bar. Cathedral ceilings & Clerestory windows makes this home bright & light. Flexible floorplan could be 2 living areas: office & 5 bedroom plus loft, OR formal dining, greatroom, 5 bedrooms & loft/media area. Master suite on main level has backyard access, spa like en suite & huge walk-in closet. Also, a secondary bedroom on main level. Upstairs features a huge loft/media room, 3 more very large bedrooms, & additional full bathroom. Lovely landscaped backyard w/water feature & fully walled for privacy. New carpet 2019, & updated SS appliances.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

The real estate market in Albuquerque has never been hotter, with homes still selling at record pace. That's why we're excited to offer 3 new listings just posted on our website. These affordable homes are perfect for first time home buyers as well as home buyers looking for an upgrade. Check these out now before they're gone!

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.

13517 SKYLINE Road NE, Albuquerque, NM 87123

$225,000

GREAT LOCATION close to foothills trails, shopping, parks, restaurants and easy access to I40! Southwest style 2BDR/2BA/2CG townhome! Private front courtyard with pergola covered patio, entertain family & friends and enjoy the best of NM weather!! Huge great room features Saltillo tile, gas fireplace, and raised ceilings! Large kitchen with eat-in space, Saltillo tie, lots of cabinets, pantry and granite countertops! Open patio and walled backyard for privacy!

Learn More!

6029 CREGGS Street NW, Albuquerque, NM 87120

$310,000

Peaceful Living Awaits! Situated on a quiet cul-de-sac street, nestled up against the Petroglyphs for optimal serene suburban living, no homes behind you, this beauty will not disappoint! Backyard is a private paradise featuring a Sparkling Gunite POOL, covered patio, & low maintenance landscaping! Attractive Saltillo tile floors and cathedral ceilings in living areas. Two living areas, an open & bright kitchen w/adjoining dining, & half bath grace the main level. Three bedrooms including the Master Suite w/VIEW balcony & his/her closets, & two bathrooms on upper level. Close to library, hiking trails, & dog park.

Learn More!

4 CAMINO DE LA VINA VIEJA, Placitas, NM 87043

$425,000

Nestled in the foothills on an acre with incredible views! Beautiful 3BDR/2BA home with the master suite on its own wing! Updated windows and Pella Doors showcasing amazing views! Radiant heat! Skylights! Tile flooring! Great room features a wood beam ceiling, vigas, Kiva wood fireplace, and a wall of windows! Master suite features double doors, walk-closet, jetted tub & separate shower. Secondary bdrs & full bath on its own wing! Private well! New septic system installed soon! Incredible outdoor living space with lots of spots to relax & enjoy nature, sunset views from the covered porch, walled back courtyard with lots of room to entertain family & friends. Huge storage shed, partially fenced lot, potting shed over the bridge, solar powered gate, backyard access!!

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.

House flipping has become increasingly popular thanks to reality TV shows that show house flippers making nearly $50,000 in just a few weeks. You make a nice living doing it and help a lot of families find their dream homes (since you have helped fix them up). The only problem is that you must have the ability to do the job correctly. You cannot expect to paint the walls and sell the home for a million dollars. It takes a lot of hard work and research to flip a house. Here are five steps to help.

1. Research the Albuquerque Real Estate Market

There are certain markets that are better suited for flipping houses. For example, if you're only looking to start off with $10,000 for your remodeling budget, you probably should not start flipping houses that are previously listed for millions. This kind of strategy isn't recommended because you'll end up with less than what you began with. It's a general rule of thumb that the less cash you have to start with, the less the house should cost overall. That means that the first two questions that you need to answer are:

• How much cash are you starting off with?
• What market can you afford to work with?

You need to know where the neighborhood that you’re planning on working with sits on the scale of A to D. A neighborhood that is classified as “A” means that the homes are wealthier. A “D” neighborhood would be considered poorer and definitely working class. Each neighborhood has its challenges and benefits, so learn about your local market before buying your first home to flip.

2. Set a Budget and a Plan

If you enter this without a plan, you're setting yourself up for failure. It need not be extravagant or crazy, or even very detailed. It is imperative that you plan how much you'll spend on the flip and how much you'll make off of it. Try not to buy anything that has serious issues that you cannot fix within your budget. This is especially true for your first home, which you want to flip quickly and easily.

3. Find the Right House

Secondly, you will need to start looking for the right house. Here are again the benefits of neighborhood classification. You need to find a house that fits your budget without significant complications. Research the property first as well to verify structural soundness, the absence of infestations, and mold problems if any. If everything you do feels like a numbers game, it is. You need to find a house that's high enough for you to make money off of it, but low enough for you to feel comfortable with the price that you are spending.

4. Renovate

Here comes the most important part of the process: the renovation. You'll be busy all day and night to flip the house since the faster you do it, the more money you'll earn. Make the house feel homey by adding special touches. Skim coat the walls to prolong their lifespan and give it a quality appearance. The more time you spend on your house, the more money you'll lose since you must pay taxes, bills, and insurance. Because of all that, you should finish the house right away.

5. Get Ready to Sell

Fortunately, the final step of the process is the easiest one, since now you just have to prepare to sell the home. It's in your hands to determine the price that you're willing to sell it for. You want to make sure the house is priced right, while still making enough money to cover the costs. An experienced Realtor, such as Sandi Pressley and her team, can help you get the highest price for your newly completed home flip.

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.

HOT HOME LISTING OF THE WEEK!

7508 CALLE MONTANA NE, Albuquerque, NM 87113

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3011 Square Feet

Beautiful 5 bedroom Stillbrooke home in highly sought after planned community! Main level features grand open floorplan w/gorgeous custom staircase; spacious great room opens onto breakfast nook & kitchen w/granite countertops, island & breakfast bar. Cathedral ceilings & Clerestory windows makes this home bright & light. Flexible floorplan could be 2 living areas: office & 5 bedroom plus loft, OR formal dining, greatroom, 5 bedrooms & loft/media area. Master suite on main level has backyard access, spa like en suite & huge walk-in closet. Also, a secondary bedroom on main level. Upstairs features a huge loft/media room, 3 more very large bedrooms, & additional full bathroom. Lovely landscaped backyard w/water feature & fully walled for privacy. New carpet 2019, & updated SS appliances.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

When it comes to buying a home in Albuquerque, the competition is stiff. You will no doubt end up in a bidding war if you do find a home you want. You need to act quick to stay ahead of the competition. More money will always make your deal more appealing, but that’s not always an option.

One way to make your offer stand out is to write a personal letter.

There is a trend for sellers to accept offers by sending a heartfelt letter that explains why their home means so much to you. This method is growing in popularity throughout the Albuquerque real estate market.

In some cases, a letter can be off-putting, so be careful to strike the right balance if you submit it. If you’re worried about not being able to write a genuine, honest letter, you might consider another method to increase the likelihood of your offer being accepted.

Don’t Use a Template

You should always speak directly from your heart when writing an offer letter to a seller. If you are being fake or using a template, this is probably going to backfire, since most sellers are smart, perceptive people who will notice you are trying to flatter or flatter them too much.

Try to Find a Connection

You may identify and highlight some kind of connection the seller and you share. For instance, maybe you both have similar hobbies, or your families have a similar number of children. Do not force it if it’s not there.

There Are Times When a Letter’s Not Worth It

If the seller is an investor or builder, you shouldn't bother with the letter. They just want to make a profit, so they don't have any emotional attachment to the property. It might be best to offer them more money or an expedited closing to get their attention.

Appreciate Their Work and Improvements

Don't be afraid to mention the recent remodeling the seller has done in their home. Houses are a lot of work and the seller's probably put a lot of effort into it, so it's good to know others are aware of that.

Do not mention your plans to remodel even if you have some ideas in mind. It’s better for the seller to know that you will enjoy the spaces just as much as they did.

Don’t Be Desperate

Don’t appear desperate or needy. Sellers prefer positive emotions to negative ones. No one likes to feel uncomfortable. They should be pleased to pass their home onto new owners who will enjoy it just as much as they did.

Last, keep it short and to the point. Not only should you be telling the story behind why this is such an important house to you, but you should also include how you intend to use it. You don't have to go on and on to make an impression.

In your final paragraph, sum up all your key points to provide a takeaway from your letter.

You may not find it easy to write a personable and engaging letter to a seller, and it is not for everyone, but in certain instances it can make the difference in getting the house you want.

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.

HOT HOME LISTING OF THE WEEK!

9519 OAKLAND Avenue NE, Albuquerque, NM 87122

5 Bedrooms / 5 Bathrooms (3 full, 2 half) / 3631 Square Feet

Welcome home to this Custom John Mark home built in 2019 with all the bells and whistles. Nestled into 0.73 acres in this prime location, walk in to soaring ceilings & a magnificent floor-to-ceiling gas fireplace as the centerpiece to this open floorplan with bright, LED lighting. The gourmet kitchen features top-of-the-line Jenn-Air appliances, gorgeous granite countertops & a cleverly concealed oversized pantry. From the living room, slide open the 3 glass doors to enjoy the INCREDIBLE backyard. This property features: a heated pool with electric cover, separate spa/hot tub, outdoor kitchen, gas fire pit with circular seating, basketball court, soccer field, meticulously planned landscaping, an outdoor accessible 3/4 bath, and electric gate entry.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team