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Rising Home Prices in Albuquerque Benefit Home Sellers

Thursday, February 13, 2020
by Sandi Pressley

If you plan to sell your home in Albuquerque, there's good news. Home prices are increasing, not only in Albuquerque, but in 94% of the major metro areas in America. Here in Albuquerque in the fourth quarter, appreciation climbed by 11%. This was higher than the average gain of 6.6% for the rest of the nation during that same period.

According to a report by the NAR, home buyers in general could more easily afford a mortgage due to lower mortgage rates, which on average was 3.76% for a 30-year fixed mortgage. When you combine those two factors, that means that more home buyers can afford to buy a home, even though prices are appreciating. That's a great combination for home sellers in Albuquerque!

First-time home buyers also have good news, as they also saw an expansion in affordability last quarter, according to the same report. The average monthly mortgage payment for first time buyers went down to $1,006, provided they had a 10% down payment.

The Albuquerque housing market forecast ending with the 3rd Quarter of 2021 is also positive. LittleBigHomes.com estimates that the probability for rising home prices in Albuquerque, NM is 82% during this period. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 4th Quarter of 2019.

The bottom line is that if you plan to sell your home in Albuquerque, now is as good of a time as any. But if you're not ready to sell, there's also a good chance that your home's value will continue to increase over the next couple of years, if predictions hold true. 

What about buying a home in Albuquerque? This is also a great time for Albuquerque home buyers, as this is a good time to buy a home before prices increase. Again, if prices continue to increase, that means your home equity will increase as well.

If you're thinking about buying or selling a home in Albuquerque, call Sandi Pressley and her team today. Their unmatched knowledge of the Albuquerque real estate market will help you benefit from this current market trend, and to make a solid investment to benefit from the growing Albuquerque real estate market.

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. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Contact us today to help you buy or sell your next home in Albuquerque.

HOT HOME LISTING OF THE WEEK!

100 BROADWAY Boulevard NE, Albuquerque, NM 87102  $150,000

1 Bedrooms / 1 Bathrooms (1 full, 0 half) / 730 Square Feet

Urban Living at it's finest! Loft is located in the historic Classroom Building(built in 1935) of the old Albuquerque High School. Large west facing windows flood the loft with natural sunlight. Original wood floors. Kitchen Island, all appliances convey. Open floorplan, 14 foot ceilings, original chalkboard. Full bath. 3 Lockers for storage. Laundry and elevator in building.

Contact the Sandi Pressley team for additional details! 

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Tips for Selling Your Albuquerque Home in Winter

Thursday, December 26, 2019
by Sandi Pressley

You may think that selling your Albuquerque home during the winter may be more challenging than in the summer. Yet there are actually advantages when selling your home during the colder months. There are fewer homes on the market to compete with. Yet, there are still buyers on the market, with a wide variety of reasons why they need to buy a home Albuquerque. Winter is also a great time to show off how family friendly and cosy your home can be. Here are some tips on how to do this.

Welcome Buyers Home

Making your front door welcoming is a huge way to make a great first impression. You can make your entrance appealing with a wreath or garland that's appropriate for the winter months. Perhaps leave up the Christmas lights a little longer, at least around the door. You can put plant urns with festive greenery with silver ball ornaments tucked inside, then add some gold, red, or green ribbon. Whatever you do, make the front door an appealing portal to the rest of your home.

Make the Good First Impression a Lasting One

Now that you've got the potential buyer thought your inviting entrance, you want to keep that great impression going. Make sure the heat is on and your home is at a comfortable temperature, or that first impression may take a nose-dive. You want to make the buyer want to linger a little longer and feel like it's their home.

Warm it Up

Add a little more warmth with some candles and potpourri in the main rooms. Go with popular scents like vanilla or cookies. You can also simmer a pot of cider on the stove for added effect on really cold days.

Use the Fireplace

If you have a fireplace, that's a great way to add a glow to your home during a viewing.

Don’t Forget the Exterior

During the winter, you may have to pay more attention to the exterior than in the summer. If there's been some inclement weather, make sure you check to make sure your siding is clean. Washing siding with soapy water can make a huge difference.

Manage the Foliage

Make sure you trim any trees or shrubs around the entrance and walkways. It certainly won't hurt them either. It will keep the landscaping in front of your home looking well maintained and manicured.

Make sure to 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. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Contact us today to help you buy or sell your next home in Albuquerque.

HOT HOME LISTING OF THE WEEK!

13104 Desert Moon Place NE, Albuquerque, NM 87111  $624,900

4 Bedrooms / 4 Bathrooms (3 full, 1 half) / 3330 Square Feet

Spectacular Mechenbier home in sought after High Desert! This move-in ready gem has a long list of amenities: Dual living Areas, Gorgeous high ceilings, 3 Gas Fireplaces, Open Kitchen with available gas or electric for the stovetop, and a downstairs Guest Suite all invite you to make this home.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

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Don't Make These Mistakes When Selling Your Home in Albuquerque

Tuesday, November 26, 2019
by Sandi Pressley

Selling a home in Albuquerque can be a very time-consuming and emotional process. With all that's going on in the process, it can be easy to make mistakes. But with a little preparation, you can avoid some of the pitfalls that snag many home sellers. Here are some key mistakes to avoid when selling your home in Albuquerque.

Being Emotionally Involved

Sure, this was your home that you no doubt built many memories in. But you need to think of yourself as a businessperson and a home seller, and not a homeowner. By thinking of it from a financial perspective, you'll be able to avoid the emotional aspects of the sale that could cloud your judgement.

Not Hiring an Agent

Unless you have a lot of experience selling homes, it's never a good idea to sell a home without expert help. Selling homes is what real estate agents do full-time. Sandi Pressley and her team, for example, have been helping people in Albuquerque sell their homes for decades. They've built a reputation of being the top real estate agents in New Mexico, and it shows in the amount of homes they've sold. They can help you get the best price and the fastest sale.

An experienced agent will also help you during negotiations, which can be tricky even with years of experience. They also handle all the photography, marketing, leads, and showing appointments. They work for you, not against you in the process. There's simply no reason to go it alone when selling your home.

Setting an Unrealistic Price

Setting the right price for your home is critical, and again, that's where an agent's experience can make all the difference. They will use comparable sales in your neighborhood to help set the best price. And remember that buyers also have access to the same information, so you won't be fooling anyone if you set the price too high.

Hiding Major Problems

The purpose of a home inspection conducted by the buyer is to uncover major problems with a home. So don't bother trying to hide anything. In fact, you should be proactive and take care of any major issues before putting your home on the market, if possible. If you can't afford a major repair, then you can disclose the issue and reduce the price accordingly so the buyer can fix the issue if needed.

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the best price. And make sure to join us twice a week on our blog for more 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!

2612 Espanola Street, Albuquerque, NM 87110  $165,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1140 Square Feet

HUGE LOT with BACKYARD ACCESS and custom gate in the NE Heights! Conveniently located close to Uptown, Trader Joe's, shopping, restaurants & parks! 3BDR/1.5BA/1CG featuring a large open great room with huge picture window and tile flooring! Remodeled kitchen with new soft-close cabinetry & crown molding, Quartz countertops! Beautiful shade tree in the front yard and oversized backyard with plenty of room for pets, backyard access, custom metal gate and covered patio for Summer BBQs!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

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A Guide to Selling Your First Home in Albuquerque

Tuesday, September 3, 2019
by Sandi Pressley

You love your home in Albuquerque, but it's time to sell it. And of course you want the next owner to love it as well. But in the end, you want to get the right price for your home.

Selling a home in Albuquerque takes time and work. It's not the easiest journey, but in the end you'll come out on top if you know what to do.

Here are some of the steps of that journey. You need to understand the market and make a plan, as well as create partnerships with experts in the Albuquerque real estate market who will help you sell your home.

Know What You Want

Here's the big question: what do you want? Why are you moving? What do you expect from the process? When, exactly, should you put that For Sale sign in the yard?

Do Your Research

The Albuquerque real estate market is always changing. Mortgage rates change as well. Make sure you stay on top of the market and educate yourself.

Select an Agent

The right agent makes all the difference. And of course you would expect that we suggest you rely on Sandi Pressley to sell your home in Albuquerque. Sandi and her team are the top real estate agents in New Mexico, so you can count on them to sell your home for the best price.

Price Your Home

We can help you find out how much your home is worth and get the right offers to sell your home for what it's worth.

Prep Your Home for Sale

Staging your home and getting rid of all the stuff you don't need makes a huge difference when you present your home to buyers. And make sure you take care of any needed repairs. You need to make buyers say “Wow!”

Market Your Home

Sandi and her team will market your home to the maximum amount of buyers possible. That's why we have such a great track record of selling homes in Albuquerque.

Close the Sale

Settlement, or closing, is the last step in the home selling process. This is where you sign the final paperwork, make this whole thing official, and collect your check. Before that can happen though, you’ll have to prepare your home for the buyer’s final walk-through and troubleshoot any last-minute issues.

Selling your home in Albuquerque? Get a FREE home valuation of your home today. Looking for the perfect home in Albuquerque? Our powerful home search feature will help you find the home of your dreams. And make sure to join us twice a week on our blog for more 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!

8320 Calle Petirrojo NW, Albuquerque, NM 87120  $750,000

4 Bedrooms / 4 Bathrooms (2 full, 2 half) / 4844 Square Feet

Beautifully maintained and lovingly upgraded single level custom home close to the Bosque on 1 acre lot. Kitchen is well appointed with island,granite counters,dbl oven, Wolf gas cook top & sub zero fridge. Wide open floorplan, light, bright and cheery, perfect for entertaining. Stunning maple flooring, breakfast nook and formal dining room. Large master suite w/ sittingarea & luxurious bath w/jetted tub & sep. shower. Immaculate grounds w/covered patios, lush grass, 2 storage sheds & fountain to enjoy outdoor living. Newer appliances,hot water heater, water softener and so much more.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

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Photo of The Sandi Pressley Team Real Estate
The Sandi Pressley Team
Coldwell Banker Legacy
10400 Academy Rd. NE Suite 100
Albuquerque NM 87111
505-980-2999
505-263-2173 / 505 293-3700
Fax: 505-212-0729
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Quick links to this site are also SandiSells.net or SandiSellsHomes.com