Real Estate Information Archive

When it comes to selling a home, Albuquerque homeowners are faced with a critical decision: should they sell it themselves as a For Sale By Owner (FSBO) or enlist the expertise of a real estate agent? While the FSBO route may initially seem appealing due to the potential savings on commission fees, there are compelling reasons why partnering with a real estate agent can be far more beneficial.

Expertise in Pricing Strategy

Real estate agents bring invaluable expertise in pricing strategy, which is crucial for attracting the right buyers and securing the best possible sale price. They have access to the latest market data and can analyze comparable sales, helping to set a competitive price that reflects the true value of the property.

Broad Market Exposure

Agents have the tools and networks to give properties broad exposure to potential buyers. They can list homes on the Multiple Listing Service (MLS), which is widely regarded as the most comprehensive database of for-sale properties. This exposure is difficult to match with FSBO, where sellers are limited to their own marketing efforts.

Negotiation Skills

Negotiating the sale of a home in Albuquerque is a complex process that can benefit greatly from a professional's touch. Real estate agents are skilled negotiators who can advocate for the best interests of the seller, potentially leading to a higher sale price and better terms.

Handling Paperwork and Legalities

The legal aspects of selling a home can be daunting. Real estate agents are familiar with the necessary paperwork and can help navigate the legal requirements, reducing the risk of errors or omissions that could lead to future disputes or financial losses.

Time and Stress Reduction

Selling a home is time-consuming and can be stressful. Agents, such as those at The Sandi Pressley Team, take on the heavy lifting, from coordinating showings and open houses to handling inquiries and following up with potential buyers. This allows sellers to focus on their move and next home without the added stress of managing the sale process.

Higher Sale Prices

Statistics indicate that homes sold with the assistance of a real estate agent typically fetch higher prices than FSBO sales. On average, FSBO homes sell for about $100,000 less compared to those sold with a realtor's help, highlighting the potential cost of bypassing professional assistance.

Lower Risk of Sale Falling Through

Agents can help pre-qualify buyers, reducing the risk of a sale falling through due to financing issues. They also have experience in handling various contingencies and can guide sellers through the process if issues arise.

While the FSBO approach may offer some advantages, such as saving on commission fees, the benefits of working with a real estate agent are significant. From achieving a higher sale price to reducing the stress and legal risks associated with selling a home, the value an agent brings to the table often outweighs the cost of their commission. Homeowners considering selling should weigh these factors carefully to make an informed decision that aligns with their goals and circumstances.

If you've made the decision to enlist the help of a real estate agent that can sell your home, give Sandi Pressley and her team a call today. Thier expertise and experience will ensure your home sale will be an amazing experience.

HOT ALBUQUERQUE LISTING OF THE WEEK

73 Via Entrada, Sandia Park, NM 87047

This stunning Santa Fe adobe-style home is nestled on a 10+ acre lot in the premier San Pedro Creek development, offering breathtaking views of three mountain ranges. The views from every room will captivate your attention. This charming home features unique architectural details, including plaster walls, beautifully stained concrete floors (no carpet), raised wood ceilings, and Talavera tile accents. The luxurious primary suite is a true retreat, offering a seamless blend of comfort and elegance. With its spacious sitting area, plush bathroom, and expansive bedroom, the room is perfect for relaxation with a private patio, a tranquil oasis that offers a seamless transition from indoors to outdoors, allowing you to step out into the fresh air and take in the breathtaking views...

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Welcome to this wonderful home in the Sundoro South community. Big open floor plan, vaulted ceilings, three way fireplace. Kitchen offers stainless appliances, eat in bar, ample cabinets and countertops for food prep. Kitchen flows nicely into the dining room and great room. Through the sliding doors, find yourself in the best backyard party ever! Covered patio, plus the built-in BBQ grill, two smokers and a disc cooker. Great place to enjoy our NM weather. Back inside, Split primary suite, separate shower, garden tub, dual vanities and walk in closet. 2 more good sized bedrooms that share a bathroom. There is an additional flex space that could be used as an office, hobby room or home school. Beautiful Park just down the street, easy access to I-40.

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.

Get your Morning Inspiration with the Sandi Pressley Team!

Are you looking for an ideal home in Albuquerque to upgrade your lifestyle? These latest HOT Albuquerque properties are the perfect choice. Both homes offer excepetional features and outstanding locations.

Contact the Sandi Pressley Team today for your exclusive showing. You can also check out all of our listings on our Featured Listings page.

LEARN MORE!

73 Via Entrada, Sandia Park, NM 87047

This stunning Santa Fe adobe-style home is nestled on a 10+ acre lot in the premier San Pedro Creek development, offering breathtaking views of three mountain ranges. The views from every room will captivate your attention. This charming home features unique architectural details, including plaster walls, beautifully stained concrete floors (no carpet), raised wood ceilings, and Talavera tile accents. The luxurious primary suite is a true retreat, offering a seamless blend of comfort and elegance. With its spacious sitting area, plush bathroom, and expansive bedroom, the room is perfect for relaxation with a private patio, a tranquil oasis that offers a seamless transition from indoors to outdoors, allowing you to step out into the fresh air and take in the breathtaking views...

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 selling your home, the power of color cannot be underestimated. In the vibrant city of Albuquerque, where unique architectural styles meet stunning natural landscapes, the choice of color can significantly influence a buyer's decision. This blog post explores how strategic color choices can enhance the appeal of your home and potentially lead to a quicker sale at a better price.

The Psychology of Color

Color psychology plays a pivotal role in setting the mood and atmosphere of a space. Warm tones such as reds and yellows can evoke feelings of coziness and warmth, while cool tones like blues and greens are often associated with calmness and serenity. Neutral colors, which have been a long-standing favorite for home exteriors and interiors, provide a blank canvas that allows potential buyers to envision their own future in the space.

Exterior Color Trends in Albuquerque

In Albuquerque, the exterior color of your home is the first thing potential buyers will notice. According to experts, the best exterior paint colors for selling a home are those that are classic and neutral, yet bold enough to make a statement. A popular choice among Albuquerque homeowners is the 'greige' family—a perfect balance of warm and cool tones that complements the city's earthy environment. For those looking to add a pop of color, low saturation greens are recommended, symbolizing a connection to nature, which is highly valued in this region.

Interior Color Considerations

Inside the home, color choices can be just as impactful. Zillow's research suggests that dark gray may attract more prospective buyers and higher offers, especially in key areas like the kitchen and living room. This trend reflects a shift away from all-white interiors towards more rich and moody palettes that convey a sense of sophistication and modernity.

Local Expertise Matters

Local Albuquerque experts emphasize the importance of considering the style of your home and the surrounding environment when choosing colors. For instance, a darker roof may necessitate a darker color elsewhere on the exterior to achieve visual balance. The goal is to choose colors that not only fit the home's style but also harmonize with the distinctive Albuquerque landscape.

Selling your home in Albuquerque means competing in a market that appreciates both cultural richness and natural beauty. The right color palette can make your home stand out, creating an inviting atmosphere that resonates with buyers. Whether you opt for the trending 'greige' for your exterior or a deep charcoal gray for your kitchen, the colors you choose will play a crucial role in the selling process.

For those preparing to sell, it's clear that a thoughtful approach to color can be a worthwhile investment, potentially leading to a faster sale and a more lucrative offer. By understanding the latest trends and considering the unique qualities of your home and its surroundings, you can use color to your advantage and make a lasting impression on the Albuquerque real estate market.

HOT ALBUQUERQUE LISTING OF THE WEEK

LEARN MORE!

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.

Get your Morning Inspiration with the Sandi Pressley Team!

Albuquerque is a city with a vibrant street food culture that offers a diverse array of culinary delights. Among these are the food trucks that roam the streets, bringing delicious and innovative food to locals and visitors alike. In this blog, we'll take a closer look at some of the best food trucks in Albuquerque, where the flavors are as rich as the cultural tapestry of the city.

Kitsune Food Truck

Kitsune Food Truck stands out with its Asian-inspired menu, bringing an interpretation of flavors from China, Japan, Korea, and Southeast Asia. The Korean fried chicken and bulgogi burrito have received high praise for their tastiness and creativity. You can find Kitsune Food Truck at 1501 1st St NW, Albuquerque, NM, 87102, and they can be reached at (505) 489-7800.

Taco Bus

Taco Bus offers a Mexican culinary experience with a variety of options including tacos, burritos, and soups. The Taco Bus Burger, in particular, has been described as a transformative experience for some customers. With a perfect Tripadvisor rating, it's a must-visit for anyone looking for fresh and fun Mexican cuisine.

Kimo's Hawaiian BBQ

For a taste of the islands, Kimo's Hawaiian BBQ provides authentic Hawaiian BBQ with popular dishes like Katsu Chicken and Mac Salad. While some guests have found the Kahlua Pork to be inconsistent, the affordable prices and generally positive reception make it a worthy stop for those craving Hawaiian flavors.

Caveman Burgers

Caveman Burgers is known for its grilled burgers with fresh ingredients. Customers rave about the taste and quality of the burgers. If you're a burger enthusiast, the unique taste of Caveman Burgers' offerings is something you won't want to miss.

Root 66 Food Truck

Root 66 Food Truck is a haven for vegan food lovers, serving up Mexican/American comfort food with a plant-based twist. Located at 1321 Eubank Blvd NE, Albuquerque, NM, 87112, this food truck is a standout for those seeking a meat-free option. The burrito, in particular, is a big portion with good flavor from the vegan protein and tastes like smoky BBQ ribs. Despite sometimes long wait times, the food is worth the wait. They can be contacted at (575) 404-1728.

Food Truck Fridays are another staple of Albuquerque's food scene, taking place from March through September at Civic Plaza. This event brings together a variety of local food trucks, allowing residents and visitors to enjoy the sunshine and sample a wide assortment of creative eats. It's a perfect way to kick off the weekend and experience the city's vibrant community spirit.

Albuquerque's food trucks are more than just a meal on wheels; they are a reflection of the city's spirit and creativity. Whether you're in the mood for Asian fusion, Mexican classics, Hawaiian BBQ, or a hearty burger, the food trucks of Albuquerque are sure to satisfy your cravings and offer a memorable dining experience.

HOT ALBUQUERQUE LISTING OF THE WEEK

LEARN MORE!

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.

Get your Morning Inspiration with the Sandi Pressley Team!

A lien on a property is a legal claim or hold placed by a creditor or legal authority, indicating that a debt is owed and must be paid before the property can be sold or refinanced. In Albuquerque, as in other cities, liens can be placed on a property for various reasons, including unpaid taxes, services, or judgments. Understanding the implications of a lien on your Albuquerque home is crucial for managing your property rights and financial responsibilities effectively.

Types of Liens That May Affect Albuquerque Homeowners

1. Mechanic's Liens: These are claims made by contractors or subcontractors who have performed work on the property and have not been paid. Under New Mexico law, these individuals have the right to file a lien to secure payment for services rendered.

2. Tax Liens: The government can place a lien on your property for unpaid property taxes. In Albuquerque, this type of lien has priority over others, meaning it must be paid first if the property is sold.

3. Judgment Liens: If a court awards a monetary judgment to a creditor, and you fail to pay, the creditor can file a lien against your property.

4. IRS Liens: For federal tax debts, the IRS can place a lien on all your assets, including your home.

The Process of Lien Placement in Albuquerque

The process of placing a lien on a property in Albuquerque involves several steps:

- The creditor must first win a judgment in court or have a legitimate claim based on services provided or taxes owed.
- The creditor files the lien with the Bernalillo County Clerk's office, making it a matter of public record.
- Once the lien is filed, it becomes attached to the property's title, alerting potential buyers or lenders that a debt is associated with the property.

Impact of a Lien on Homeowners

The presence of a lien can significantly impact your ability to manage your property:

- Selling Your Home: A lien must be satisfied before the sale can proceed, which may require paying off the debt or negotiating with the creditor.
- Refinancing: Most lenders will not refinance a property with an active lien, as it poses a risk to their investment.
- Credit Score: Having a lien on your property can negatively affect your credit score, making it more difficult to obtain loans or credit lines.

Resolving a Lien on Your Albuquerque Home

To resolve a lien, you may consider the following options:

- Paying the Debt: The most straightforward way to remove a lien is to pay the debt in full.
- Negotiating with the Creditor: Some creditors may be willing to settle for less than the full amount or agree to a payment plan.
- Disputing the Lien: If you believe the lien was filed in error, you can challenge it in court.
- Waiting It Out: In some cases, liens may expire after a certain period if the creditor does not take action to enforce it.

Preventing Liens on Your Property

Preventative measures can help you avoid the stress and financial burden of dealing with a lien:

- Stay Informed: Regularly check the status of your property with the Bernalillo County Clerk's office to catch any liens early.
- Pay Debts Promptly: Addressing debts before they escalate to liens can save you time and money.
- Maintain Good Records: Keep detailed records of payments for taxes, services, and any work done on your property.

Dealing with a lien on your Albuquerque home can be a complex and stressful experience. However, understanding the types of liens, the process of lien placement, and the ways to resolve them can empower homeowners to take control of their property and financial health. If you're facing a lien, consider seeking legal advice to explore your options and develop a strategy that works best for your situation.

Remember, this guide is for informational purposes only and is not a substitute for professional legal counsel. If you have a lien on your property, consulting with a qualified attorney is the best course of action to protect your interests and assets.

HOT ALBUQUERQUE LISTING OF THE WEEK

LEARN MORE!

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.

Get your Morning Inspiration with the Sandi Pressley Team!

Are you looking for an ideal home in Albuquerque to upgrade your lifestyle? These latest HOT Albuquerque properties are the perfect choice. Both homes offer excepetional features and outstanding locations.

Contact the Sandi Pressley Team today for your exclusive showing. You can also check out all of our listings on our Featured Listings page.

LEARN MORE!

308 Plaza Muchomas, Bernalillo, NM 87004

Impeccable custom T&R built home, in wondrous gated community of Bosque Encantado. Upon entering you will be in awe of the custom craftsmanship, from elegant inlaid tile entry, hand crafted fireplace, and of course an incredible cooks kitchen, ss appliances, 2 dishwashers, and an amazing pantry that is accessible from the garage (into the kitchen) .This home has a custom built green house and workshop attached, fitness room. Master down with incredible shower separate closets, with a safe room (for security),Upstairs are additional bedrooms (with their own bathrooms), and balcony with impressive views of the mountains and surrounding community Lets make new memories, in your exciting new home.

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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.

Families in Albuquerque are becoming more health-conscious and concerned with their diet. As a hobby or as a cottage industry, city-dwellers are growing vegetables for pesticide-free produce, free of pesticides.

The ability to grow fruits, vegetables, and herbs at home depends on three factors: climate zone, property availability, and willingness to try.

You can raise edible plants virtually anywhere if you have the right tools and are motivated. Consider the following factors:

Which crops will you grow?

Determine the hardiness zone for your plants. Using a planting schedule, determine what plants are recommended and when they should be planted. Selecting plants is almost as much fun as growing them.

It is best to grow plants indoors by placing them near large, south-facing windows. If this is not possible, set up grow lights or find creative solutions. Avocados, carrots, microgreens, lemons, and scallions are some of the most hearty indoor crops.

How can you garden... without a garden?

When you think of a garden, you probably imagine lush rows of crops and tilled soil, crop after crop of vegetable plants. This dream isn't as unattainable as you might think. Participate in a community garden in your area, and take advantage of fertile ground you can call your own. Gardening in a community allows people to share in the work, strengthen community ties, and give them a sense of accomplishment. A community with the right equipment can turn an unproductive lot into a food-producing area with hard work.

Gardening in a small space is not impossible, though. Urban gardeners have devised innovative ways to garden in small spaces.

Make a grow tower: A 15-gallon plastic drum, a 5 inch PVC pipe, a drill, and dirt are all you need to garden vertically. 

Plant in containers: Using buckets, planter boxes, hanging baskets, pots, and wooden barrels on the porch and patio can maximize your growing space.

Create a rooftop garden: Take advantage of the space that most of us don't even think about, our rooftops. If you've got a flat area on your roof and easy access, consider growing fresh food there.

There are plenty of innovative ways to grow your own produce in a small space, so don't let your tight space discourage you. It's just a matter of getting creative and finding the best solution for you. You'll know that all your hard work was well worth it when you've harvested your first tomato or made pesto with your own basil.

HOT ALBUQUERQUE LISTING OF THE WEEK

6205 Whiteman Drive NW, Albuquerque, NM 87120

Sweeping views of Sandia mountains! Impeccably maintained custom home featuring grand entry w/wood vigas, corbels & lighted nichos. Spectacular 19ft Kiva gas fireplace & soaring ceilings in living room. Pella windows, sliding doors. Skylights. Fresh paint. Tankless Waterdrop R/O filter sys, water softener, recirc pump. Loft; office on main; secondary bdrs w/views; one w/walk-in closet. Gorgeous kitchen w/granite, under cab lighting, lg pantry w/pull out shelves, deep SS sink, bkfst bar & nook. Primary suite features balcony w/mtn views, lg walk-in closet, sep shower & garden tub & double sink granite vanity. Backyard oasis, lush grass, trees, roses, lilacs, rosemary; hot tub & covered patio. 2CG w/storage & wkshp area. Excellent location close to parks, schools, shopping!!

LEARN MORE!

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.

Get your Morning Inspiration with the Sandi Pressley Team!

Becoming a homeowner is a significant milestone, and in a city like Albuquerque, it comes with its own set of unique opportunities and challenges. Here's a guide to help you navigate the waters of homeownership.

Financial Planning and Budgeting

The first step in your homeownership journey should be a thorough financial assessment. Understanding your financial landscape is crucial to managing your new home without stress. This includes setting up a budget that accounts for all the expenses of homeownership, including mortgage payments, property taxes, insurance, maintenance, and any homeowners association (HOA) fees. It's also wise to explore homeownership assistance programs available in Albuquerque, which can offer financial aid or favorable loan terms.

Home Inspection and Maintenance

Before settling in, ensure that your home is in the best possible condition. Hire a professional to conduct a detailed home inspection to uncover any potential issues. Once you've moved in, regular maintenance is key to preserving your home's value and functionality. Pay special attention to weatherproofing, heating, and cooling systems.

Insurance and Security

Homeowner's insurance is not just a safety net; it's a necessity. In Albuquerque, having the right insurance coverage is essential. Additionally, consider investing in a home security system to protect your property and provide peace of mind.

Utilities and Services

Setting up utilities is one of the first tasks you'll need to tackle. Albuquerque offers a variety of service providers, so take the time to research the best options for your needs. Don't forget to also look into waste management and recycling services provided by the city.

Community Integration

Albuquerque is known for its friendly communities and neighborhood associations. Engage with your neighbors, join local groups, and participate in community events. This will not only help you settle in but also keep you informed about local developments and initiatives.

Personalization and Home Improvement

One of the joys of homeownership is making the space your own. Whether it's landscaping your yard in a water-wise manner suitable for Albuquerque's arid climate or decorating your interior with local art, personalizing your home can be a fulfilling experience. Consider sustainable and eco-friendly options that are both good for the environment and potentially cost-saving.

Documentation and Record-Keeping

Keep all your important documents, such as deeds, warranties, and insurance policies, organized and accessible. This will be invaluable for future reference, especially if you decide to make any legal changes or sell your home.

Long-Term Considerations

Think about the future and how your needs might change. Whether it's planning for a growing family or eventual retirement, consider how your home can adapt to your changing lifestyle. Also, keep an eye on the real estate market in Albuquerque, as it can affect your home's value and your equity.

Owning a home in Albuquerque is an adventure filled with potential. By following this comprehensive guide, you'll be well-prepared to tackle the responsibilities of homeownership and enjoy the rewards it brings. Welcome to your new home in Albuquerque!

HOT ALBUQUERQUE LISTING OF THE WEEK

6205 Whiteman Drive NW, Albuquerque, NM 87120

Sweeping views of Sandia mountains! Impeccably maintained custom home featuring grand entry w/wood vigas, corbels & lighted nichos. Spectacular 19ft Kiva gas fireplace & soaring ceilings in living room. Pella windows, sliding doors. Skylights. Fresh paint. Tankless Waterdrop R/O filter sys, water softener, recirc pump. Loft; office on main; secondary bdrs w/views; one w/walk-in closet. Gorgeous kitchen w/granite, under cab lighting, lg pantry w/pull out shelves, deep SS sink, bkfst bar & nook. Primary suite features balcony w/mtn views, lg walk-in closet, sep shower & garden tub & double sink granite vanity. Backyard oasis, lush grass, trees, roses, lilacs, rosemary; hot tub & covered patio. 2CG w/storage & wkshp area. Excellent location close to parks, schools, shopping!!

LEARN MORE!

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.

Get your Morning Inspiration with the Sandi Pressley Team!

Memorial Day is a day of profound respect and remembrance, where we honor those who have bravely served in the United States Armed Forces. Albuquerque, New Mexico, marks this day with a series of events that allow the community to come together in a spirit of gratitude and commemoration. Here are the detailed times, dates, and descriptions for Memorial Day 2024 events in Albuquerque:

2024 Memorial Day Parade & Ceremony

Monday, May 27, 2024
8:00 AM - 11:00 AM

The parade begins at USS Bullhead Memorial Park, 1606 San Pedro Dr SE, Albuquerque, NM 87108, and concludes at New Mexico Veterans Memorial Park, 1100 Louisiana SE, Albuquerque, NM 87108.

The parade will feature a procession of veterans, active-duty military, and community groups. It will travel east on Gibson Boulevard from San Mateo Boulevard, culminating in a ceremony at the Veterans Memorial Park. The ceremony will include the presentation of colors, national anthem, and a series of guest speakers who will pay tribute to the fallen heroes.

Musical Tribute

9:00 AM (Immediately following the parade)
New Mexico Veterans Memorial Park, 1100 Louisiana SE, Albuquerque, NM 87108.

The Dukes of Albuquerque Concert Band will perform a selection of patriotic tunes and military anthems, providing a musical homage to the service and sacrifice of military members.

Commemorative Ceremony

10:00 AM
New Mexico Veterans Memorial Park, 1100 Louisiana SE, Albuquerque, NM 87108.

This formal event will include the laying of wreaths, a 21-gun salute, and a moment of silence. Keynote speakers will reflect on the significance of Memorial Day, followed by a reading of names of local service members who have passed away in the last year.

Memorial Day Weekend Events

Saturday, May 25, 2024, to Monday, May 27, 2024

The city will host a variety of events throughout the weekend, including cultural exhibits at local museums, family-friendly activities in parks, and live performances at community centers. These events are designed to bring the community together to celebrate the start of summer while honoring the memory of those who have served.

New Mexico Wine Festival

Saturday, May 25, 2024, to Monday, May 27, 2024
Various locations across Albuquerque.

The largest wine festival in the state will showcase New Mexico's finest wineries. Attendees can enjoy wine tastings, food pairings, and live music, all set against the backdrop of celebrating the state's rich viticultural heritage.

Have a Happy Memorial Day Weekend!

HOT ALBUQUERQUE LISTING OF THE WEEK

6205 Whiteman Drive NW, Albuquerque, NM 87120

Sweeping views of Sandia mountains! Impeccably maintained custom home featuring grand entry w/wood vigas, corbels & lighted nichos. Spectacular 19ft Kiva gas fireplace & soaring ceilings in living room. Pella windows, sliding doors. Skylights. Fresh paint. Tankless Waterdrop R/O filter sys, water softener, recirc pump. Loft; office on main; secondary bdrs w/views; one w/walk-in closet. Gorgeous kitchen w/granite, under cab lighting, lg pantry w/pull out shelves, deep SS sink, bkfst bar & nook. Primary suite features balcony w/mtn views, lg walk-in closet, sep shower & garden tub & double sink granite vanity. Backyard oasis, lush grass, trees, roses, lilacs, rosemary; hot tub & covered patio. 2CG w/storage & wkshp area. Excellent location close to parks, schools, shopping!!

LEARN MORE!

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.

Get your Morning Inspiration with the Sandi Pressley Team!

Are you in the market for a home purchase in Albuquerque? One of the first steps (if not the very first) a buyer will take in the home buying process is getting pre-qualified and/or pre-approved. For many first-time home buyers, the difference between these processes is unknown, however, it is critical to understand the difference. In most instances, the current housing market climate is considered to in favor of the seller, making it crucial that buyers get pre-approved for their loan before making an offer on a home. That being said, there are also benefits to getting pre-qualified as well. Let’s take a deeper look at the differences:

Pre-Approval

You’ll need physical documentation of the following:

• Current Employment Status

• Income

• Person Assets

• Current Outstanding Debts

• Credit History

• Estimated Amount for a Down Payment

Think of it this way: if you have been pre-approved for a loan amount, you are legally able to offer that amount (or anything less than) on the purchase of a home. Once you have given all of your physical documentation to a lender, they will crunch the numbers and give you a physical notice stating both the amount you’ve approved for as well as a potential interest rate. Keep in mind that interest rates are fluid and change every day, so this amount is just an estimate. Getting preapproved is free and you can do it both online or in person.

Pros:

• It can’t be emphasized enough that it Is crucial to get a pre-approval BEFORE you begin putting offers in on homes. You can bet that a seller will not even consider your offer unless you have given proof that you are approved for that specific amount. If you haven’t been pre-approved, even those who offer less and have been pre-approved will almost always have their offer accepted over yours.

• Negotiation Power. When you know the maximum amount, you’re able to spend on a home, you’ll have the ability to negotiate more confidently with a seller on the offer itself as well as contingencies.

• A faster close. Closing on your home will be both a more swift and much faster process if the approval is already taken care of, giving less room for last-minute issues to arise.

• The actual searching part of the journey will be much easier if you can filter out any homes that aren’t within your approval.

Cons

• There is a one time hit on your credit score when you get pre-approved. However, this is only about 5 points and is very much worth it in the long run if you’re serious about purchasing a home.

• The approval only lasts for 90 days before you would need to get approved again. So, you want to make sure you are absolutely willing to make an offer and purchase a home before you get pre-approved.

If you are serious about buying a house, getting pre-approved is always the best option. No pre-approval and you can essentially guarantee you won’t find yourself with an accepted offer.

Pre-Qualify

You’ll need to know the following:

• Current Income

• All Current Debts

• All Personal Assets

Getting pre-qualified is a wonderful first step to take when thinking about buying a home. It’s free, easy and can be done in the comfort of your own home. Simply search almost any bank or credit union and they will have a pre-qualification application for you to take on their website. If you aren’t sure where to begin regarding searching for potential homes, this is where you can start to find your estimated price range, making it an ideal starting point for first-time homebuyers.

Pros:

• The process is free.

• There is no time limitation on your qualification.

• It won’t affect your credit score.

• It can help you get an idea of the kind of house you’ll be able to afford.

Cons:

• It is entirely an estimate. Due to this fact alone, neither a seller nor their realtor will take an offer seriously if the potential buyer only has a pre-qualification.

If you are interested in finding out about how much you could afford on a home but aren’t sure you’re ready to make an actual commitment, qualification could be the best option for you. However, the minute you are serious about searching and making offers, you NEED to get pre-approved!

Whether you’re looking to get pre-qualified or pre-approved, congratulations! You’re taking the first step in the home buying process…and the Sandi Pressley Team is here to assist you every step along the way!

HOT ALBUQUERQUE LISTING OF THE WEEK

308 Plaza Muchomas, Bernalillo, NM 87004

Impeccable custom T&R built home, in wondrous gated community of Bosque Encantado. Upon entering you will be in awe of the custom craftsmanship, from elegant inlaid tile entry, hand crafted fireplace, and of course an incredible cooks kitchen, ss appliances, 2 dishwashers, and an amazing pantry that is accessible from the garage (into the kitchen) .This home has a custom built green house and workshop attached, fitness room. Master down with incredible shower separate closets, with a safe room (for security),Upstairs are additional bedrooms (with their own bathrooms), and balcony with impressive views of the mountains and surrounding community Lets make new memories, in your exciting new home.

Learn More!

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.

Get your Morning Inspiration with the Sandi Pressley Team!