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How to Save Money on Your Kitchen Remodel

by Sandi Pressley

The kitchen is without question one of the most important rooms in any home, and a main selling point when selling your home in Albuquerque. In fact, it can make or break a deal. In fact, a home with a remodeled kitchen can sell up to 8% faster, according to Realtor.com.

In the "old days", the kitchen was kept in the background to reduce heat and control odors. Now, the kitchen is the center of attention in modern homes. That's why your kitchen is such an important room, and how it looks and operates makes such a huge difference.

If you plan to remodel your kitchen soon, here are some tips to help save money.

Choose mid-range efficient appliances 

There's no law saying you must buy the most expensive appliances for your kitchen, especially if you plan to sell your home soon. There's a great range of affordable, practical, energy-efficient appliances that look amazing.

When you choose your appliances, keep an eye on consistency of how they look together. In other words, try to stick with one brand and appearance. Stainless steel is the way to go, as it gives your kitchen a high-end and modern look.

Opt for affordable yet durable counter materials 

When home buyers walk into a kitchen, they will usually look at the counters first, since that's is where all the work happens, and they make up for most of the look of your kitchen. The counters should dictate the look of the rest of your kitchen, such as the cabinetry, room furnishings, and color scheme. 

To save money on granite countertops, you can get away with granite that has a rating of 2, as opposed to 3. This difference won't usually be noticed by most buyers, and can save you a good deal of money, offering a greater return on investment.

Another way to go is with laminate countertops. They look like granite, but without the higher cost. In the past, you wouldn't be able to install an under-mount sink in a laminate countertop, but designs have changed and now you can. Laminate hovers at an affordable $5 to $30/sq. ft.

Quartz (an engineered stone) and concrete countertops are other cost-saving options. The average cost of quartz is $55 to $200/sq. ft. and concrete runs $75 to $200/sq. ft. Resurfacing an older countertop with tile is another option. This project typically costs around $10 to $70/sq. ft. 

Go for a cosmetic upgrade instead of a whole cabinet replacement

When it comes to upgrading your cabinets, you don't have to replace them completely. A complete cabinet replacement can run into the thousands of dollars. Instead, think about resurfacing them. You can even make it a DIY project and save even more money.

If you absolutely need to replace your cabinets, you can go with veneer models instead of real wood. you can expect to spend around $70 to $100 per linear foot for budget cabinets.

When it comes to hardware for your cabinets, you can also save money, as you don't need to spend a ton of money. You can really define your price range with hardware, as you can spend as little as $1 for knobs and hinges.

Remodeling your kitchen is a great way to increase the value of your home. Just make sure you don't eat up that profit by spending too much.

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!

1541 Nez Perce Loop NE, Rio Rancho, NM 87144  $599,000

4 Bedrooms / 4 Bathrooms (2 full, 2 half) / 3644 Square Feet

Stunning Views! This home will WOW your buyers! Wide open floor plan with 2 living areas, perfect for entertaining. Gorgeous wood beam accents, custom kiva fireplace & large picture windows with mountain and city views. Well appointed kitchen features granite counter tops, custom cabinets & SS appliances. Brilliant floor plan offers 2 master suites, 2 additional spacious bedrooms and 2 bonus rooms, plus a formal dining room overlooking the wrap around balcony. Master suite is a gem has a picturesque jetted tub, separate snail shower & large walk in closet. Enjoy the views from your covered patio & wrap around balcony year round! New Septic and Well in 2017 - All New Paint inside and out 2019! Hardwood floors refinished 2019! New Driveway! This home is sure to impress!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Dress Up Your Porch and Sell Your Albuquerque Home Faster

by Sandi Pressley

There are a lot of beautiful homes in Albuquerque for sale. So when you sell your home, you need to make sure it stands out from all the competition, especially these days. Your porch will be one of first things that potential home buyers in Albuquerque will see, so you want to make sure it welcomes them to their new home. Having an inviting porch is an important part of staging your home so that it sell more quickly. Here's a few ideas that will help your porch stand out and welcome guests and home buyers alike.

1. Plants in the Foreground

You can lead your guests right to your porch with plants and flowers that follow the path to your front door. Pretty flowers can really make a big difference in curb appeal. And for those sitting on the porch, it's also a relaxing scene to look at.

2. A Doormat

This step involves nothing more than replacing that tired old doormat. For a more custom affect, try layering a traditional coir doormat atop a larger striped outdoor rug.

3. A Pair of Chairs

If there's room for it, having two chairs instead of one is more welcoming, as it paints the scene of family and friends spending time on the porch together. Some photos may show a chair on each side of a porch, but that doesn't make sense in real life, unless you want to shout back and forth across the porch. Put them together.

4. Thoughtful Color Coordination

Use the color of your front door or trim as a starting point for choosing a color scheme for your porch. You can then repeat that same hue in the accents, like pillows, cushions, door mat, and flower pots.

5. A Fan

Fans are a great way to deal with the bugs and warm weather, and as such make a great investment. A ceiling fan installed by a professional is an ideal choice, but you could also use a standing or tabletop fan as well.

6. Outdoor Curtains

If your porch is lacking in shade, you can add a set of outdoor curtains to diffuse the sun. You can open and close them as needed, just like indoor curtains. If you choose a color other than white, make sure it's a fade resistant fabric to make sure the colors stay vibrant.

With these tips, you'll be on your way to making your home in Albuquerque stand out from the rest of the pack.

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!

60 SANDIA MOUNTAIN RANCH Drive, Tijeras, NM 87059  $575,000

4 Bedrooms / 3 Bathrooms (1 full, 2 half) / 4255 Square Feet

Very special mountain home with incredible views, patios and balcony! Well designed floor plan with 3 wings. Master suite retreat with walk-in closet, jetted tub and connecting laundry. Two bedrooms in the second wing with bath and an office or 4th BDR in the third wing. Great room with cozy fireplace, formal dining room with private deck, gourmet kitchen with granite counter tops, SS appliances, wine fridge, gas cooktop, bar, recessed lighting, bkfst nook with amazing views! Special features include an elevator and approx 1500sf of living space; game room, exercise room, media room and workshop!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Should You Downsize to a Smaller Home in Albuquerque?

by Sandi Pressley

Downsizing. It's a word that's been on more people's lips lately due to the economic situation we're living in now. Many people are thinking about how they can adjust their finances to ride this storm and be more secure. For those who own a home in Albuquerque, the thought of moving into a smaller and less expensive home has stood out as a way to make better use of income now, and in the future.

Traditionally, downsizing was a decision that mostly retired homeowners were faced with. Now, virtually all of us need to consider it. But is downsizing your home the right move for you? Here are some pros and cons to consider before you abandon your home for a smaller one in Albuquerque.

Pro: You Can Make Money Selling Your Stuff

Moving into a smaller home means that you will need to shed some possessions. You can sell your more expensive items using Facebook, Craigslist, or Ebay. Depending on social distancing restrictions in the future, you can have a garage sale. Whatever is left to dispense of can be donated.

Con: Purging Can Be Exhausting

Selling your personal items does take a good deal of time (which you may have more of now anyways), but it can be exhausting. Just deciding what to get rid of can be emotionally draining.

Pro: Live in a More Desirable Neighborhood in Albuquerque

As a smaller home in Albuquerque will probably cost less, this can give you an opportunity to move to a neighborhood in Albuquerque that better fits your new lifestyle. You can check out the top neighborhoods in Albuquerque and search for homes on our blog.

Pro: Fewer Costs and Less Upkeep

If you move into a less expensive home in Albuquerque, you can save any profit you make in the move. And you'll probably also save more money on utilities. If you shop wisely, you can find a more energy efficient home that will help you save money down the road. Plus, you'll have a smaller home to upkeep, saving even more money.

Con: The Costs of Moving

Depending on how far you move and if you hire professionals, moving could cost you a lot of money, not to mention effort and time. Plus, there's the time and effort to put your home on the market and go through the selling process, and then to find your new home.

Con: Less Space

With less space to work with, you'll need to be more selective about what you buy. Living in small quarters means constantly making a series of trade-offs. 

Downsizing is a big decision, but one that can make a positive impact on your life. If you carefully weigh the costs and benefits, you can make a good decision when it comes to downsizing to a smaller home in Albuquerque.

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!

400 Penny Lane, Corrales, NM 87048  $550,000

4 Bedrooms / 3 Bathrooms (3 full, 0 half) / 2275 Square Feet

Spectacular Sandia Mountains & Valley Views from this incredible 4BDR/3BA/3CG Corrales home! Enjoy the picturesque views from the great room, sunny breakfast nook, dining room, master suite & balcony! Open great room features wood ceiling, cozy kiva fireplace. Kitchen features granite countertops, beautiful cabinetry, island, bkfst bar, SS appliances, brick flooring. Study/Office/BDR and full Bath on the main floor. Two secondary bdrs share a Jack N Jill bath. Master suite features a double sided fireplace, East facing covered balcony, jetted tub, dual sink vanity and walk-in closet. Fully fenced property with gate entrance, lush grass, fruit trees, waterfall feature, raised beds, covered patio & balcony with amazing mountain and bosque views!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Check Out These Hot Albuquerque Properties

by Sandi Pressley

If you’re a regular reader of our blogs, you’ve no doubt noticed a “Featured Hot Property” at the end of every article. These are some of the hottest properties in the Albuquerque real estate market. Here’s a roundup of some of our latest properties currently on the Albuquerque market. If you have any questions about these fine properties, always feel free to contact Sandi Pressley and her team at 505-263-2173. You can check out all of our listings on our Featured Listings page.

6038 DEL CAMPO Place NE, Albuquerque, NM 87109

$159,000

Lovingly tended and cared for charming townhouse! Courtyard with gate for privacy. New furnace and refrigerated air unit. New carpet and tile in bathrooms! Large living area with lots of natural light. Backyard has covered and open patio. New Roof 2019, HOA Covers Exterior of Residence- Roof, Stucco, Pool, Club house Etc!

Learn More!

11705 Golden Gate Court NE, Albuquerque, NM 87111

$250,000

Outstanding 3bdr, one level, Double Brick, Holiday Park Custom Ranch Home! Tremendous functional floorplan! Brand new appliances in the kitchen. Kitchen opens to the family room with cozy gas fireplace. Pride of ownership shows throughout this home!! Front yard features a convenient circular driveway. Two large lovely covered patios in the big backyard. Desirable location, NE Heights comfort and convenience located close to schools, medical, shopping, gym, restaurants Labs & KAFB. Come see this classic well maintained home today!

Learn More!

1240 Blanca Avenue NW, Los Lunas, NM 87031

$450,000

Beautiful custom home located in a cul-de-sac and short commute to Albuquerque. Enjoy the large backyard on your covered patio with a built-in surround system and open space behind for added privacy. The foyer with high ceilings makes for a grand entrance. Step into the stunning kitchen with custom cabinets and granite countertops that opens up to the living room. The bonus room downstairs could be an in-law suite with a private bath across the hall or a fourth bedroom. The decorative over-sized wooden staircase leads to the 2 additional bedrooms and master suite with balcony. Entertain family and friends at this beautiful home.

Learn More!

1016 SARATOGA Drive NE, Rio Rancho, NM 87144

$549,000

Enjoy Grand Views of Sandia Mountains from the Belvedere. Breathtaking setting for this European flair home perched on elevated lot landscaped, w/ grapevines, fruit trees, grass, fountain, a walk path around the property. Courtyard entry, Inviting foyer curved archways, opens to expansive great room w/ Soaring ceilings, Light filled gourmet kitchen, w/center island & gas cooktop, double ovens, ample cabinets and counters, 2 pantries, an breakfast nook that looks onto the outdoor east facing pavilion. Private Owner's suite, features European style WC, jetted bath, separate shower and dual vanities. walk in closet and a bonus/flex room & laundry rm. 3 more spacious bdrms. Zoned radiant heat, entire property is gated, 4 cg/each oversized. circular driveway, backyard access w/ room for RV!

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.

Get your Morning Inspiration with the Sandi Pressley Team

 

If you’re a regular reader of our blogs, you’ve no doubt noticed a “Featured Hot Property” at the end of every article. These are some of the hottest properties in the Albuquerque real estate market. Here’s a roundup of some of these outstanding properties currently on the market for your review. If you have any questions about these fine properties, always feel free to call Sandi Pressley and her team.

Is a Recession the Same as a Housing Crash?

by Sandi Pressley

Many people who plan to buy or sell a home in Albuquerque fear that as we head into a recession, that this will lead to a housing crash. But will that be the case with this recession? The thing to keep in mind is that a recession and a housing crash are two different things.

What is a recession?

The National Bureau of Economic Research defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

The Coronavirus restrictions hit the American economy in March. According to Goldman Sachs, JP Morgan, and Morgan Stanley are all indicating that there will be a deep dive in the economy in the second quarter of this year. 

Does that mean we’re headed for another housing crash?

Home buyers and sellers in Albuquerque and around the nation fear that we're going to see a repeat of the housing crash that happened during the Great Recession of 2006-2008. Yet if we look at past recessions, we can see that most do not impact home values adversely.

Doug Brien, CEO of Mynd Property Management, explains:

“With the exception of two recessions, the Great Recession from 2007-2009, & the Gulf War recession from 1990-1991, no other recessions have impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.”

What are the experts saying this time?

This is what three economic leaders are saying about the housing connection to this recession:

Robert Dietz, Chief Economist with NAHB

“The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds – which it will at some stage – housing is set to help lead the way out.”

Ali Wolf, Chief Economist with Meyers Research

“Last time housing led the recession…This time it’s poised to bring us out. This is the Great Recession for leisure, hospitality, trade and transportation in that this recession will feel as bad as the Great Recession did to housing.”

John Burns, founder of John Burns Consulting, also had this to say, based on his firm's research:

“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices).”

What does all this mean for home buyers and sellers in Albuquerque? It means that if you had plans to buy or sell a home in Albuquerque before the pandemic, there's no reason to derail your plans. These are uncertain times for sure. The Sandi Pressley Team is adapting to these changing times and are ready to help you realize your real estate goals. Contact us today to see how we can help you continue on your plans to buy or sell a home in Albuquerque today.

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!

9214 REDMONT Road NE, Albuquerque, NM 87109  $435,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2695 Square Feet

This beautiful light filled Family Home in a fabulous NE Heights location has been meticulously maintained! Two living areas, cathedral ceilings, bright kitchen with large breakfast area, plenty of cabinets and a pantry. Kitchen is open to the family room. The master suite is spacious and truly a retreat. Enjoy the views from the balcony! Wonderful home and gorgeous landscaped yard for entertaining.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Many home sellers are understandably concerned about a looming recession and how it will impact their ability to sell their home in Albuquerque. But just because there may be a recession doesn't mean your home won't sell. It just means there are things to consider to make sure your home is as competitive on the market as possible. Right now, we are in what's considered a buyer's market, which means you'll need to do mare to attract buyers.

Here are 3 main factors to look at:

Pricing

Strategically pricing your home for sale in Albuquerque means the difference between making and breaking the sale. In a buyer’s market, getting the price right is critical.

While market value is based on the sales prices of similar homes in your neighborhood, in a buyer’s market it pays to be aware of your competition. This means looking at homes for sale in your area online. If you find one that is priced comparable to yours, you’ve found your main competitor. If it’s in far better condition than yours, you have two choices, upgrade your home similarly, or adjust the price of your home. We can help you decide which of these two choices would be more advantageous.

Flexibility

Due to new rules regarding social distancing, you will need to be more flexible when it comes to showing your home. No matter what, you home should always be kept clean. Photos will need to be taken to show your home online, as more people will be using our website to look at your home. And in the event that your home will be shown in person, you need to be able to make it ready to view and have arrangements to be safely away from your home during a showing.

Concessions

Home buyers can become unreasonable when they know they are in the driver’s seat. They may ask for personal property to be included in the sale, such as furniture or play equipment. They may ask for credit for carpet or vinyl replacement even if there’s not a thing wrong with the existing floorcovering except that the buyer doesn’t like the color or pattern.

There is no rule about how to handle these situations, since just about everything in a home sale is negotiable when it comes to concessions. If it will pave the way to a smooth and quick closing, many homeowners are more than happy to accommodate the buyers’ requests, as long as they’re reasonable.

Unfortunately, you may need to sell your home when the market is stacked against you. Get your price right, be flexible and have plenty of patience and you’ll get through it.

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!

10647 SUMMERCREST Drive NW, Albuquerque, NM 87114  $310,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2820 Square Feet

VIEWS of the Sandia Mountains!! Beautiful 4BBDR/3BA/3CG home with 3 living spaces! Light, bright and open floor plan with living room, family room and large LOFT!! REFRIGERATED AIR! NEW ROOF! NEW CARPET! Updated flooring! Under stair storage! Kitchen features upgraded raised panel cabinetry with crown molding, granite countertops, LG appliances, tile flooring, recessed lighting, island, walk-in pantry & breakfast nook! Family room features cozy fireplace. Master suite features double door entry, walk-in closet with built-in shelving, dual sink vanity, sep shower and garden tub. Huge backyard with open patio and pergola covered outdoor space for entertaining! Terrific location close to Cottonwood Mall, shopping, restaurants, Rust Medical Center, schools and parks!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

How Home Seller Disclosure Laws Work in New Mexico

by Sandi Pressley

Let's say you just bought a new two-story home in Albuquerque. As you unpack upstairs, you realize there's no water coming from the faucets. In fact, there's no running water at all on the second floor. Somehow this went unnoticed when you were viewing the home.

What's even worse is that the owner knew the whole time and didn't disclose that issue. But was the seller required by law to disclose all the issues with the home, including the fact that you have no water running upstairs? And what legal action can you take to have the seller fix any major issues such as this that were not disclosed?

Disclosure Laws in New Mexico for Home Sellers

The state of New Mexico requires sellers to disclose defects in a home to buyers. Albuquerque home sellers are required to provide buyers with a written disclosure of all material defects on the property of which they have knowledge of. This disclosure should be given to the buyer before the contract is signed. Usually the seller's real estate agent will take care of this.

The seller is also required by state law in New Mexico to disclose tax burden information. According to New Mexico Statutes § 47-13-4, the seller must “(1) request from the county assessor the estimated amount of property tax levy with respect to the property and… specify the listed price as the value of the property to be used in the estimate” and “(2) provide a copy of the assessor’s response… in writing to the prospective buyer or the buyer’s broker.” 

New Mexico is somewhat unique when it comes to requiring both of these disclosures. It helps buyers to avoid unpleasant surprises from home defects or having a huge tax bill they didn't expect.

What Are Your Rights as a Home Buyer in Albuquerque?

If you buy a home in Albuquerque and it turns out that the home has issues that were not disclosed, what can you do? Here are some details about the disclosure form that will shed light on your rights as a buyer.

The bottom of the disclosure form contains important language. It states that: “This is not a contract.” That means the seller isn't guaranteeing anything. They are only required to disclose defects that they know about. And the seller is not required to hire a home inspector to check the before checking the “no” box on the disclosure form.

There is also a second important statement on that form: “The law does not protect a Seller who makes an intentional misrepresentation.” In other words, if the seller knows that the AC doesn't work and doesn't disclose that fact, then they could be charged with fraud.

Furthermore, to continue with the AC example, if the contract promises that the AC would be in good working order, and it's not, this would cause a breach of contract.

So if you as a buyer find yourself in this situation, you need to immediately write to the seller, broker, or both, stating the problem and outlining your damages. You can also send a demand letter to the seller, and this may persuade them to settle the dispute. But before you take legal action, you should weigh the cost of litigation against simply fixing the issue yourself. Suing someone is probably going to cost more than fixing a refridgerator.

In the end, when you buy a home in Albuquerque, you have a measure of protection against dishonest sellers. And as a seller, it's a good idea to fully disclose any defects in your home that you have knowledge of, or it could come back to get you later.

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!

12906 ALICE Avenue NE, Albuquerque, NM 87112  $172,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1443 Square Feet

This wonderful townhome has newer carpet & fresh paint in 2019. Refrigerated Air, Custom Brick fireplace and Banco (hearth). The great room is wonderful for entertaining, and an enclosed atrium opening to kitchen (window) and great room, great for dining or planting. Oversized garage, enclosed courtyard makes this your next home. Close to shopping and fwy. Don't wait!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Rising Home Prices in Albuquerque Benefit Home Sellers

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! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Tips for Selling Your Albuquerque Home in Winter

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

 

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

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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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

Quick links to this site are also SandiSells.net or SandiSellsHomes.com