Real Estate Information Archive

When buying or selling a home, multiple factors influence the decision-making process. One crucial step that often needs to be noticed or understood is the home appraisal. A home appraisal is an independent evaluation of a property's value conducted by a certified professional. In this blog, we will discuss why a home appraisal matters and its significant role for buyers and sellers in the real estate market.

1. Accurate Valuation:

A home appraisal offers an unbiased and accurate property value determination. Real estate markets fluctuate, and the price set by a seller may not truly reflect the property's worth. An appraisal ensures that both parties involved have a reliable negotiation starting point. For buyers, it assures that they are making a fair investment, while sellers can confidently price their property based on market value.

2. Lending and Financing:

For most buyers, purchasing a home most often involves securing a mortgage or loan. Lenders typically require an appraisal to protect their investment. When a potential buyer applies for financing, the lender wants to confirm that the property's valuation aligns with the requested loan amount. It acts as security for the lender, ensuring the property is sufficient collateral per the loan value.

3. Avoiding Overpaying or Undervaluing:

A home appraisal prevents buyers from overpaying for a property, safeguarding their financial interests. The appraiser's comprehensive evaluation considers the property's condition, location, size, amenities, and market trends. It ensures that buyers are paying a fair price, steering them away from potential financial hardship in the future.

4. Negotiating Power:

A home appraisal empowers both buyers and sellers during negotiation. If the assessment reveals that the property's value is lower than the agreed-upon purchase price, buyers can use this as leverage to renegotiate with the seller. On the other hand, if the appraisal suggests a higher value than the purchase price, sellers can have confidence in defending their asking price. It promotes transparency and fairness in real estate transactions.

5. Investment Protection:

A home appraisal is essential for homeowners who are refinancing or taking out a home equity loan. By getting an accurate valuation, they can protect their investment. Knowing the current market value of their property ensures they don't risk borrowing more than the actual worth of their home. Moreover, an appraisal can help homeowners make informed decisions about renovations or improvements that can increase their property's value.

A home appraisal is a vital step in the home buying or selling process, providing buyers and sellers with confidence and protection. Its role in determining a property's market value, securing financing, and facilitating fair negotiations cannot be overstated. By understanding the significance of a home appraisal, individuals can make more informed decisions and navigate the real estate market with greater ease and assurance.

Suppose you're considering selling your current home and purchasing another. In that case, it is essential to partner with a professional, experienced local real estate agent with a proven record of success to ensure a successful real estate transaction. Put the triumphant Power of the Sandi Pressley Team to work for you! Contact us today here.

HOT PROPERTY OF THE WEEK!

12 DUSTIN COURT, PLACITAS, NM

Magnificent VIEWS of the mountains & mesas!! Featuring an IN-LAW/GUEST SUITE! Lower-level walk-out game room/media room! Lots of natural light, wood beam ceilings, open plan, separate study/office. NEW HVAC (2021)! SILICONE ROOF RESTORATION (2022)! Living room features cozy Kiva fireplace & wall of windows w/mtn views! Formal dining rm & butler pantry. Beautiful kitchen has SW style cabinets, island, built-in oven, gas cooktop, bkfst bar & nook with banco. Primary suite features a sitting room/office, fireplace, sauna, tub, sep shower, huge walk-in closet & covered patio with views! Secondary bedrooms with Jack-N-Jill bath! 3 Car Garage, paved driveway & cul-de-sac location. Natural landscape, 2 waterfalls, covered portals & private courtyard!

START YOUR DAY INSPIRED WITH THE Sandi Pressley TEAM!

Choosing a real estate agent and partner for your home sale or buying journey is truly the key to your success. Not all agents and teams are created equal, not by a long shot. It is important to know the difference and to do the research necessary to ensure your success. Take a look at what set’s Sandi and her team apart from others in the Albuquerque New Mexico Real Estate market:

• We sold 252 homes in 2022 alone, proudly helping 252 families.
• Approximately 12,782 homes sold during Sandi’s career!
• Total Sales in 2022 was approximately $106 Million
• Average Sale Price/List Price Ratio: 101.25%
• One Home SOLD approximately every 34 hours!
• 51% of all sales were personal referrals from past or present clients.
• Out of all Licensed Agents (now known as Associate Brokers) in every Real Estate Company in Albuquerque and all of New Mexico Sandi has been the #1 Agent for 37 consecutive years for having the highest sale volume!
• 5th in the NATION with Coldwell Banker out of 145,000 agents for having sold the most homes, 1st in the Region which includes 17 states!
• Dave Ramsey, nationally acclaimed financial expert, selected Sandi as his first, original, Endorsed Local Provider, which generates a large volume of referrals. Sandi is a proud member of the Ramsey Trusted Network.
• Sandi has been a member of Star Power since 1992 which is a national organization consisting of the top producing agents in the United States.
• Native of Albuquerque—Dedicated to serving her clients and selling Real Estate for over 44 years!
• For the last 22 consecutive years, since the inception of the award, Sandi has won the “Excellence in Service Award” from Coldwell Banker Legacy for receiving more positive feedback from clients than any other agent in the entire company.
• Sandi is a Global Luxury property specialist, leader in luxury home sales.
• Sandi provides you with the most extensive marketing offered, to expose your home to the maximum of potential buyers!

TRADITIONAL MARKETING IS NO LONGER ENOUGH

• Your Home can be viewed on approximately 900 different websites. The total number of average hits per month on all 900 websites is over 2 million! Sandi’s website www.sandipressley.com alone averages over 900,000 hits per month!
• We are featured as a 5 Star Premier Agent on Zillow and Realtor.com, which offers you the largest possible audience of home shoppers.
• Your Home will be featured in our Digital Magazine. This state-of-the-art marketing is exclusive only to Coldwell Banker Legacy for marketing your home. Logging into https:// www.cblegacy.com/digital-magazine.html, consumers are able to view all property details, including all photos, listing information, updated in real time, price, photos, revisions. It only showcases homes active on the market -no outdated listings. Marketing to potential buyers, brokers, and our affiliate network. Optimized delivery to consumers through desktop and mobile devices.
• A professional drawing with room dimensions will be done for your home and uploaded to the many real estate web sites. This offers potential buyers a virtual walk thru of your home.
• A Virtual Tour of your home will be presented on Coldwell Banker Legacy locally, Coldwell Banker nationally, Sandi’s web sites, REALTOR®.com, Zillow, Trulia, and ALL Sandi’s Social Media!
• ListReports –Creates an individual Website specifically for your home that can be shared on Social Media (Face Book, LinkedIn, Twitter, Instagram) and can also be found on Sandi’s websites. www.SandiPressley.com and www.SandiSells.net. This excellent marketing tool drives great interest to your property.
• Social Media Marketing Geared toward the XY Generation—Your home will be advertised on YouTube, Sandi’s Real Estate Facebook, Twitter, LinkedIn, Trulia, and Zillow.
• Marketing to Our Military—Your home will appear on the most popular of military sites, www.military.com. Sandi also does extensive marketing through Kirtland AFB.
• SMS Riders (Short Message Service)—A digital home info rider will be placed on your For-Sale sign enabling prospective Buyers to enter the text # on the rider or scan the bar code on their phones to download all information about your home to their phone. The system captures the prospect’s phone # and will text that # to Sandi’s phone.
• Direct Mail—Immediately upon listing your home, a full color Just Listed postcard will be mailed to homeowners in your area.
• Feedback on Your Showings—In an effort to make your selling process the best possible experience, we offer a fantastic electronic feedback system called Showing Time. It works in conjunction with your lock box and allows you to receive valuable agent feedback. Agents love this system, and your home will benefit from an increased number of showings.
• Digi Sign—Sandi utilizes electronic signatures to make the paperwork process of your home sale easy and convenient. Excellent tool!
• Sandi graciously contributes to more than 30 charitable organizations.

This is what the new age of Real Estate marketing entails to ensure your home is adequately target marketed to the right group of buyers to bring in the most qualified offers for your home! This is why our sellers receive top dollar for their home and sell in record time.

Are you ready to create the SOLD plan for your HOME? Let’s get moving. Contact Sandi and her team today at 505-263-2173 or email us here.

HOT PROPERTY OF THE WEEK!

523 IRON AVENUE SW, ALBUQUERQUE, NM
Unique! Move-in ready duplex live-in/investment opportunity: instant rental income! A lovingly restored 1930's home with all the modern upgrades. Full electrical rewire, new 200 amp service to each unit & new panels. Upgraded plumbing including removal of lead drains & galvanized water pipes. Units are 100% electric with NEW: mini-split heating/cooling, water heaters, washers and dryers. Kitchens remodeled with new appliances & butcher block counters. Remodeled bathrooms with new commodes. All wood floors refinished, and new tile everywhere else. Lots of new energy-efficient, style-matched windows. Adorable bonus space could be storage, kitty condo, nap zone, or play space! New paint inside & out & new LED light fixtures. Fenced lot; WALKING DISTANCE to Zoo & Paseo del Bosque Bike Trail!

GET YOUR MORNING INSPIRATION WITH THE Sandi Pressley TEAM!

The holidays are here and many of us will be traveling to be with loved ones to share the joy of the season. While we’re all excited to get packed and be on our way, it is very important to make sure our home and property is secure while we are away. Here are some home safety tips to employ while you’re away to ensure you come back to a safe and sound residence.

Set timers on your lights- timers on indoor lights or programmable switches make it seem like someone is home and normal day to day functions are taking place. You can also utilize smart blubs that can be programmed right from your phone!

Install a security system- this doesn’t necessarily mean a pricey service; many camera systems are available for purchase and can be installed fairly easily and come with monitoring right from your phone. These systems will also send an alert to your phone if something is amiss.

Install motion sensors on outdoor lights- an easy way to scare off an intruder is for a flood light to come on when they enter the yard. Motion sensors on your outdoor lights will do just this and will avoid them even getting close to your home to cause potential damage.

Make sure all windows and doors are locked- this usually goes without saying, but always do a second check of windows and doors before leaving your home to make sure one of the family members haven’t opened a window or door you previously locked.

Stop your Mail- If you will be gone for longer than a day or two, make sure to have the post office stop your mail and hold it until you return.  Mail that builds up in your mailbox is a signal to intruders that your house is open for business.

Social Media Time Out- Even though you are all excited about your trip, resist the urge to post about leaving for your trip, where you are going, photos when you are on the trip, etc.  If you want to share your experiences and memories, wait until you are back home to do so.

Lastly, always let a trusted neighbor know your plans. That way they can keep an eye on your home and know when to expect you home in the event there is an emergency on the road or at home while you are away.

Have a wonderful, safe holiday season!

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