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Top Reasons to Buy a Home in Albuquerque

by Sandi Pressley

Albuquerque, New Mexico, is increasingly becoming a sought-after destination for homebuyers. The city offers a unique blend of affordability, cultural richness, and economic stability, making it an attractive option for various types of buyers. Here are the top reasons to consider purchasing a home in Albuquerque.

1. Affordable Real Estate Market

One of the most compelling reasons to buy a home in Albuquerque is the affordability of its real estate market. As of October 2023, the median listing home price in Albuquerque was approximately $372.8K, with a median sold price of $339.2K. Compared to other major cities, Albuquerque offers more value for your money, making it an ideal location for both first-time homebuyers and investors. The cost per square foot is also relatively low, providing an excellent opportunity for those looking to maximize their investment.

2. Stable Job Market

Albuquerque boasts a stable job market, supported by a diverse range of industries. The presence of state and federal jobs, particularly at Sandia National Laboratories, contributes significantly to the local economy. Additionally, the healthcare and education sectors offer ample employment opportunities. This economic stability makes Albuquerque a reliable place to build a career and settle down.

3. Rich Cultural Heritage

Albuquerque is a city rich in history and culture. The blend of Native American, Spanish, and Mexican influences creates a unique cultural tapestry that is evident in the city’s festivals, museums, and historic sites. The Indian Pueblo Cultural Center and the historic Old Town are just a few examples of the cultural landmarks that residents can enjoy. This rich cultural heritage adds a unique charm to living in Albuquerque.

4. Outdoor Recreation Opportunities

For outdoor enthusiasts, Albuquerque is a paradise. The city is surrounded by stunning natural landscapes, including the Sandia Mountains and the Rio Grande River. Residents can enjoy a wide range of outdoor activities such as hiking, mountain biking, skiing, and hot air ballooning. The Sandia Peak Tramway offers breathtaking views and is a must-visit for anyone living in or visiting the area. These outdoor recreation opportunities contribute to a high quality of life for Albuquerque residents.

5. Favorable Climate

Albuquerque enjoys a favorable climate with over 300 days of sunshine a year. The arid desert climate means low humidity and mild winters, making it an ideal place for those who prefer a dry, sunny environment. While the summers can be hot, the evenings are usually cool and pleasant, perfect for outdoor dining and activities. This favorable climate is a significant draw for many homebuyers.

6. High Livability

Albuquerque scores well in terms of livability. The city has a walk score of 43 and a transit score of 30, both of which are above average for cities in New Mexico. It is also known for being bike-friendly, with numerous trails in the scenic Sandia Hills. The city offers a wide range of amenities, including parks, restaurants, and shopping centers, making it a convenient place to live. These factors contribute to Albuquerque’s high livability rating.

7. Investment Opportunities

With a large military population and a steady influx of renters, Albuquerque presents excellent investment opportunities. The average rent is around $1300, providing a favorable return on investment for rental properties. The city’s growing population and stable economy make it a smart choice for real estate investors. These investment opportunities make Albuquerque an attractive option for those looking to grow their real estate portfolio.

8. Living History

Albuquerque’s rich and diverse history adds to its charm. Originally inhabited by Native American tribes, the area became a Spanish colonial outpost in 1706. The city’s historical significance is evident in its architecture, cultural events, and local traditions. Living in Albuquerque means being part of a community that values its past while looking forward to the future. This living history enhances the overall experience of residing in Albuquerque.

In summary, Albuquerque offers a unique combination of affordability, cultural richness, outdoor activities, and investment opportunities. Whether you are a first-time homebuyer, an investor, or someone looking to enjoy a high quality of life, Albuquerque has something to offer. Its stable job market, favorable climate, and high livability make it an excellent choice for anyone considering buying a home.

HOT ALBUQUERQUE LISTING OF THE WEEK

2122 DEER TRAIL Loop, Rio Rancho, NM 87124

Welcome to the community of Los Milagros. This Artistic build energy efficient home features a metal roof and owned Solar panels. Full of natural light, high ceilings, freshly painted and new carpet. 3 spacious bedrooms, 2 full baths. 2 living areas. Open kitchen offers a kitchen island, ample countertops and cabinets & all appliances. Sliding glass doors open to a covered patio, private yard. Home is on a corner lot allowing for access to the backyard, room for RV. Near shopping, schools & restaurants.

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!

Designing a Kitchen That Will Sell Your Albuquerque House For You

by Sandi Pressley

When it comes to selling your house in Albuquerque, the kitchen can be a game-changer. A well-designed kitchen not only adds value to your home but also makes it more appealing to potential buyers. Here are some key elements to consider when designing a kitchen that will help sell your house.

1. Layout and Flow

The layout of your kitchen is crucial. An open floor plan that connects the kitchen to the living or dining area is highly desirable. This creates a sense of space and allows for better interaction between family members and guests. Consider the “work triangle” concept, which positions the sink, stove, and refrigerator in a triangular layout for efficient workflow.

2. Modern Appliances

Investing in modern, energy-efficient appliances can make a significant difference. Stainless steel appliances are particularly popular as they give the kitchen a sleek, contemporary look. Ensure that the appliances are not only functional but also match the overall design of the kitchen.

3. Quality Materials

Using high-quality materials for countertops, cabinets, and flooring can elevate the look of your kitchen. Granite or quartz countertops are not only durable but also add a touch of luxury. Hardwood or high-quality laminate flooring can make the kitchen feel warm and inviting.

4. Ample Storage

Storage is a key consideration for any kitchen. Potential buyers will appreciate ample cabinet space, a pantry, and clever storage solutions like pull-out shelves and lazy Susans. Consider installing cabinets that go up to the ceiling to maximize storage space.

5. Lighting

Good lighting can make a huge difference in the kitchen. A combination of ambient, task, and accent lighting can create a warm and inviting atmosphere. Pendant lights over the island or breakfast bar, under-cabinet lighting, and recessed ceiling lights are all great options.

6. Neutral Color Palette

A neutral color palette can make your kitchen more appealing to a broader range of buyers. Whites, grays, and beiges are timeless and can make the space feel larger and brighter. You can always add a pop of color with accessories or a feature wall.

7. Functional Island

If space allows, a kitchen island can be a fantastic addition. It provides extra counter space, storage, and can even serve as a casual dining area. Make sure the island is proportionate to the size of the kitchen and doesn’t obstruct the flow.

8. Backsplash

A stylish backsplash can add personality to your kitchen. Subway tiles are a classic choice, but you can also consider mosaic tiles or a bold, patterned design. The backsplash should complement the countertops and cabinets.

9. Eco-Friendly Features

Sustainability is becoming increasingly important to buyers. Consider incorporating eco-friendly features like energy-efficient appliances, LED lighting, and water-saving fixtures. Using sustainable materials for cabinets and countertops can also be a selling point.

10. Attention to Detail

Small details can make a big difference. Soft-close drawers and cabinets, high-quality hardware, and a well-organized pantry can all add to the overall appeal of your kitchen. Make sure everything is in good working order and that there are no visible signs of wear and tear.

11. Outdoor Connection

In Albuquerque, where the weather is often pleasant, having a kitchen that connects to an outdoor living space can be a huge selling point. Consider adding sliding glass doors that open to a patio or deck, creating an indoor-outdoor flow.

12. Professional Staging

Finally, consider hiring a professional stager to showcase your kitchen in the best possible light. They can arrange furniture and accessories to highlight the kitchen’s best features and make it more appealing to potential buyers.

By focusing on these key elements, you can design a kitchen that not only enhances your living experience but also makes your Albuquerque house more attractive to buyers. A well-designed kitchen can be the deciding factor that turns a potential buyer into a new homeowner.

HOT ALBUQUERQUE LISTING OF THE WEEK

1920 TAPATIO Street, Rio Rancho, NM 87124

Well maintained Centex home located on a corner lot with Mountain views. Located in the sought after community of Cabezon. Full of upgrades, gourmet kitchen w/large island, Stainless appliances, granite countertops, built in all oven& microwave. Pantry. Eat in breakfast nook. Spacious living area w/ recessed lighting, a gas fireplace w/natural stone accents. Wood look title. One bedroom on bottom level with a newly remodeled 3/4 bath. 2 living areas & dining rm. 2nd level offers 3 more bedrooms and 2 full baths. Private Spa like oversized Primary suite. backyard fully walled w/ partial mountain views, a covered patio, extended open patio! Ask about the above ground Swimming pool 18x4.5 ft. Storage shed and plantings. Close to schools & shopping! Community center & pool.
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.

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!

Financing Tips for Buying a Home in Albuquerque

by Sandi Pressley

Buying a new home comes with financial risks, no matter how ready you are. There's liability, increased cost of living, unexpected stress, and more time commitments. Yet the benefits are equal to the risks. Owning a home can also be a good way to build wealth.

Here are 5 basic financial tips you need to know if you plan to buy a home in Albuquerque.

Prepare Before Purchasing

You've probably noticed by now how fast homes come and go on the Albuquerque real estate market. This might make you feel that you have to jump on a home before you're ready. But you need to prepare before you start making offers on homes.

Get your finances in order. This includes paying down outstanding debts, setting an accurate budget for daily living, and having a clear picture for what you can truly afford. Once you've done this, take the time to save for a larger down payment. Zero-payment down loans and small down payment loans are out there, but they come with many strings attached. There will always be opportunities to buy later, when you're ready.

More Square Footage = Higher Cost Of Living

Considering buying real estate to increase your living space? Besides the added cost to your monthly mortgage payment, plan for increases in these bills as well:

  • Homeowners Insurance
  • Heating and cooling costs
  • Larger heating and cooling unit maintenance
  • Water for home and lawn maintenance
  • Electricity
  • Larger appliance repairs
  • Property taxes
  • Home furnishings and renovations

Budget For Unplanned Repairs

On top of your increased cost of living, you also need to consider the cost of unplanned repairs. How do you plan for a repair you don't know about yet? 

Home repairs will be needed on a regular basis. The cost for these repairs will vary widely. But especially with a larger home, you will need to plan on high repair costs as cooling, watering, plumbing, electrical, roofing, etc. are all more extensive systems. While planning your finances for purchasing real estate, add into your budget a savings for home repairs.

Regularly Inspect Major Appliances

It's a wise idea to set aside money to regularly inspect major appliances like water softeners, water heaters, home heating and cooling units, and more. Doing so will save you money on huge repairs later, and keep your home running more smoothly.

Build Equity With Larger Mortgage Payments

Many home buyers in Albuquerque will go with a 30-year mortgage as it costs less per month. But you end up paying a lot more interest this way over the term of the loan. The ideal route for purchasing a new home is with a 15-year fixed rate mortgage (unless you have cash, then forget financing!). If that isn't possible, making an additional mortgage payment at least once a year can help to dramatically lower the interest you pay on the overall loan.

HOT ALBUQUERQUE LISTING OF THE WEEK

1920 TAPATIO Street, Rio Rancho, NM 87124

Well maintained Centex home located on a corner lot with Mountain views. Located in the sought after community of Cabezon. Full of upgrades, gourmet kitchen w/large island, Stainless appliances, granite countertops, built in all oven& microwave. Pantry. Eat in breakfast nook. Spacious living area w/ recessed lighting, a gas fireplace w/natural stone accents. Wood look title. One bedroom on bottom level with a newly remodeled 3/4 bath. 2 living areas & dining rm. 2nd level offers 3 more bedrooms and 2 full baths. Private Spa like oversized Primary suite. backyard fully walled w/ partial mountain views, a covered patio, extended open patio! Ask about the above ground Swimming pool 18x4.5 ft. Storage shed and plantings. Close to schools & shopping! Community center & pool.
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.

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!

Come See Our Latest HOT Albuquerque Properties

by Sandi Pressley

If you're in the market for a home that affords amazing views both inside and out, check out these beautiful Albuquerque homes! They've just hit the market, so now is the perfect time to arrange your private viewing.

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

1920 TAPATIO Street, Rio Rancho, NM 87124

Well maintained Centex home located on a corner lot with Mountain views. Located in the sought after community of Cabezon. Full of upgrades, gourmet kitchen w/large island, Stainless appliances, granite countertops, built in all oven& microwave. Pantry. Eat in breakfast nook. Spacious living area w/ recessed lighting, a gas fireplace w/natural stone accents. Wood look title. One bedroom on bottom level with a newly remodeled 3/4 bath. 2 living areas & dining rm. 2nd level offers 3 more bedrooms and 2 full baths. Private Spa like oversized Primary suite. backyard fully walled w/ partial mountain views, a covered patio, extended open patio! Ask about the above ground Swimming pool 18x4.5 ft. Storage shed and plantings. Close to schools & shopping! Community center & pool.
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.

LEARN MORE!


2122 DEER TRAIL Loop, Rio Rancho, NM 87124

Welcome to the community of Los Milagros. This Artistic build energy efficient home features a metal roof and owned Solar panels. Full of natural light, high ceilings, freshly painted and new carpet. 3 spacious bedrooms, 2 full baths. 2 living areas. Open kitchen offers a kitchen island, ample countertops and cabinets & all appliances. Sliding glass doors open to a covered patio, private yard. Home is on a corner lot allowing for access to the backyard, room for RV. Near shopping, schools & restaurants.

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

9 Steps to a Cleaner Garage

by Sandi Pressley

Ah, the garage. It's the place where we toss everything that doesn't have a home elsewhere. But there comes a time when the clutter becomes too much, and you can't find the camping gear because it's buried under a pile of... well, you're not quite sure what. If you're in Albuquerque, where the sun shines bright and the dust finds its way into every nook and cranny, keeping your garage clean can be a bit of a challenge. But fear not! Here's a comprehensive guide to getting your garage spick and span.

Step 1: Declutter Like a Pro

First things first, declutter. This might seem daunting, but take it from the top. Start by categorizing your items and tackle one category at a time. Apply the "one item in, two items out" rule. For every new item you keep, remove two others. Donate, recycle, or dispose of anything you no longer use or need.

Step 2: Smart Storage Solutions

Invest in smart storage solutions. Cabinets, shelves, and bins can optimize your space and keep things off the floor. Consider cabinets and shelving units on wheels for flexibility. Everything should have its designated place, making it easier to find what you need and preventing clutter.

Step 3: Freshen Up with Paint

A fresh coat of paint can transform your garage. Choose a light color to reflect light and make the space feel larger. A semi-gloss or gloss finish will make cleaning easier and protect your walls and floor from wear and tear.

Step 4: Let There Be Light

Good lighting is crucial. It improves visibility and makes the space feel less confined. Whether you're working on a project or just trying to find something, adequate lighting can make a world of difference.

Step 5: Floor Care

Cleaning the garage floor is essential. Remove oil, paint, and rust stains. You can use a power washer or special cleaning products designed for concrete floors to get out those tough stains.

Step 6: Ceiling Storage

If you're short on space, look up! You can use the ceiling to store those large plastic bins. Install a simple overhead garage storage system to elevate your storage and free up floor space.

Step 7: Wall Storage

Create more storage space with a garage storage wall. This is especially useful for the narrow spaces between the garage side wall and the family car. It's a solid mounting surface to hold shelves and hooks that can carry hundreds of pounds of stuff.

Step 8: Maintenance

Once you've got your garage looking good, keep it that way with regular maintenance. Sweep out dust and debris weekly, and do a thorough clean every few months to prevent buildup.

Step 9: Professional Help

If you're overwhelmed or just don't have the time, consider hiring a professional cleaning service. Mini Maid of Albuquerque offers top-quality residential and commercial cleaning services using eco-friendly products and efficient techniques.

Remember, a clean garage is not only more functional but also safer and more pleasant to use. So, take a weekend, roll up your sleeves, and transform your garage into a space you can be proud of.  

HOT ALBUQUERQUE LISTING OF THE WEEK

2122 DEER TRAIL Loop, Rio Rancho, NM 87124

Welcome to the community of Los Milagros. This Artistic build energy efficient home features a metal roof and owned Solar panels. Full of natural light, high ceilings, freshly painted and new carpet. 3 spacious bedrooms, 2 full baths. 2 living areas. Open kitchen offers a kitchen island, ample countertops and cabinets & all appliances. Sliding glass doors open to a covered patio, private yard. Home is on a corner lot allowing for access to the backyard, room for RV. Near shopping, schools & restaurants.

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!

Enjoy a Taste of the Sea at These Top Albuquerque Seafood Restaurants

by Sandi Pressley

Albuquerque's culinary landscape is a vibrant tapestry woven with diverse threads of flavors, and its seafood restaurants are some of the brightest colors in this gastronomic mosaic. The city's unique position, far from the coast yet brimming with an array of seafood delights, is a testament to the ingenuity and passion of its chefs and restaurateurs. Here, we'll explore more deeply the top seafood establishments that have anchored themselves as must-visit destinations for any seafood aficionado.

Pappadeaux Seafood Kitchen stands as a bastion of seafood excellence. With its roots deeply planted in the rich traditions of Southern cooking, this establishment offers a menu that sings with the flavors of the Gulf. The ambiance is one of refined comfort, inviting diners to linger over dishes like the Mississippi Catfish Opelousas, smothered in a decadent sauce and crowned with fresh crabmeat. It's a place where each meal feels like a celebration, and the hospitality is as warm as the New Orleans sun.

Mariscos Altamar transports its guests to the coastal regions of Mexico, where the ocean's bounty is treated with reverence and creativity. The restaurant's interior, adorned with nautical decor, sets the stage for a culinary voyage. The Mariscos Molcajete, a volcanic stone bowl brimming with an assortment of seafood, simmered in a robust sauce, is a dish that encapsulates the restaurant's dedication to authenticity and flavor. It's a communal experience, encouraging diners to share and savor together.

Down N Dirty Seafood Boil embraces the convivial spirit of a classic seafood boil. Here, the tables are covered in paper, the utensils are optional, and the food is the star. The boil bags, filled with your choice of shellfish and seasoned with an array of spices, are a messy delight that demands you roll up your sleeves and dive in. It's an interactive dining experience that's as much about the joy of eating as it is about the food itself.

Lindo Mexico offers a glimpse into the rich tapestry of Mexican seafood dishes. The restaurant, with its colorful decor and lively atmosphere, serves as a backdrop for a menu that highlights the diversity of Mexico's coastal cuisine. The Camarones a la Diabla, shrimp cooked in a fiery sauce, is a dish that challenges the adventurous while rewarding them with depth and complexity of flavor. It's a place where every bite is a conversation starter.

Sharky'sDive into the flavors of the sea with Sharky's, where the seafood tacos are a local favorite. The casual setting is perfect for a quick bite, and the salsas, made in-house, add the perfect kick to your meal. It's a great spot for those who enjoy their seafood with a Mexican twist.

Pelican's Restaurant: A classic establishment in Albuquerque, Pelican's Restaurant offers a range of seafood and steak options. The clam chowder comes highly recommended, and the ambiance is perfect for a cozy dinner. With a reputation for consistency, Pelican's is a staple for seafood lovers.

So, whether you're seeking the comfort of Southern cooking, the zest of Mexican flavors, the camaraderie of a seafood boil, or the charm of a family-run establishment, Albuquerque's top seafood restaurants are ready to welcome you with open arms and full plates. Dive in, and let the flavors of Albuquerque sweep you off your feet.

HOT ALBUQUERQUE LISTING OF THE WEEK

11640 Woodmar Lane NE, Albuquerque, NM 87111

Amazing Tanoan Living! Introducing a meticulously hard to find newly remodeled/updated home in Tanoan East! This majestic home offers unparalleled first class finishes at every turn. With Restoration Hardware lighting and cabinet hardware, Visual Comfort ceiling fans, High End Appliances, Emtek door hardware, gorgeous custom outdoor kitchen with (outdoor rated) marble countertops, Pella windows and doors, stucco. Beautifully and professionally designed outdoor living space/landscape and lighting. All of this makes for a bright environment that flows perfectly for entertaining family and friends. Way too many amazing upgrades to list.

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!

What You Need to Know About "We Buy Houses for Cash" Companies

by Sandi Pressley

The average time to sell a home is 25 days. This is significantly better than how things were back in 2010 when the average time it took to sell a house was 140 days. However, this is not fast, and your home is not guaranteed to sell in 25 days. There are a number of factors that determine how quickly you can sell your home, such as location, season, and others.

If you want to sell your home in Albuquerque quickly, what do you do? You may have seen those "we buy houses for cash" signs. Are you able to sell your home in a few days without doing any repairs, or even cleaning it up for walkthroughs by buyers? 

If it sounds too good to be true, perhaps it is.

Let’s see what’s going on with these home buyers.

Who Are They?

Buyers who offer to buy homes for cash are not the typical buyer. Their purpose isn't to live in or find a rental property. Their aim is to earn a quick profit by investing in properties. 

The objective of such home buyers is to buy a house for the cheapest possible price, fix it up, and resell it soon after. In just a few months, they often make a large profit. 

Who Do They Target?

In order to accomplish this, they specifically target motivated and desperate sellers. Have you tried listing your home for sale and the listing expired without a sale? A cash buyer probably contacted you soon after. When you fail on the open market, you may have no choice but to sell your house for cash at a rock bottom price.

It is possible that your home did not do well on the market for any number of reasons. You can ask a knowledgeable agent what changes to make for your next attempt. A good agent will always provide you with a better return than a cash buyer.

In the same vein, cash buyers go after people in situations that require a fast sale. A few examples include:

  • Divorcing sellers
  • Bankruptcy
  • Foreclosure
  • Employment change
  • Probate sales

Often these buyers are called "opportunity investors". Their goal is to earn some serious cash. Opportunities are often found in other people's misfortune.

Benefits

The fact that they can sell their home quickly, however, may seem like a blessing to some people in these situations. A fast sale would take care of their problem of not getting enough return on their investment.

Cash buyers are also quick to close. 

It typically takes about 30 days to close a financed purchase. In most cases, it's the lender who drags out the process by requiring appraisals and other paperwork and procedures before approving the funds release.

This is not an issue for cash buyers. It's quite common for them to visit your home within two days after you contact them. You may receive an offer on the spot or within the next few days. Most of the time, titles are cleared by a title company that they have on-hand. 

Also, a home inspection can slow down the transaction. Usually, buyers request them before closing the sale, and may even request repairs to be made.

This is not what cash buyers do. As a rule, they buy the house "as is" and do the repairs later.

You will hand over the keys in only a few days, and the house will be sold.

Negatives

This sounds really good, doesn't it? Where's the catch?

Your profits and equity will most likely disappear. A cash buyer's offer is often just enough to pay off your mortgage. Generally, you will only receive 50-80% of the market value. 

To save on the hassle of conventional marketing, 80% of the market value might seem attractive. Yet the average is about 65% of the market value. Alternatives exist, as well, such as iBuyers such as Opendoor, which offer a more convenient and speedy buying process.

These types of companies should also be treated with extreme caution. They are scammers in some cases. Buying a home, but not paying for the mortgage, is a common scheme. There have been a number of instances where sellers who no longer owned the property found themselves still responsible for paying the mortgage.

Make sure you do your research before selling your home to a cash buyer. Selling a property to get rid of it is not the only option. Alternatives are available that are more lucrative.

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 ALBUQUERQUE LISTING OF THE WEEK

1521 Sigma Chi Road NE, Albuquerque, NM 87106

Beautiful Territorial Home in desirable Spruce Park! Tranquil courtyard entry. Gorgeous landscaped lot. French doors open to the outdoor patio featuring a water fall & pond; a wonderful space to dine alfresco! Large deck off the family room overlooks a lush backyard of grass, mature trees & shrubs and mountain views; another perfect place to entertain! Lots of natural light, picture windows at the front, cove ceilings, nichos, graceful archways, recessed lighting, wood floors, cozy two-way fireplace between the living & family rm. Secondary bedrooms have walk-in closets and share a full bath. Private primary suite on its own wing. Refrigerated Air. Detached 2 car garage. Beautiful neighborhood location yet close to hospitals, UNM, Nob Hill, Downtown, shopping, parks & easy access...

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!

Troubleshooting Plumbing Issues in Your Albuquerque Home

by Sandi Pressley

Plumbing issues can range from the minor and annoying to the major and catastrophic. In Albuquerque, where the climate can swing from hot and dry to cold and freezing, your home's plumbing is always under stress. This guide will delve into common plumbing problems and provide a comprehensive approach to troubleshooting them in your Albuquerque home.

Identifying the Problem

The first step in any troubleshooting process is to identify the problem accurately. Common plumbing issues include:

- Dripping Faucets: This not only wastes water but can also increase your water bill over time.
- Slow Draining Sink: Often caused by a blockage that restricts water flow.
- Clogged Bath or Shower Drain: Usually due to hair and soap buildup in the drain.
- Clogged Toilet: Typically occurs when something that shouldn’t have been flushed ends up in the toilet.
- Running Toilet: Can waste up to 200 gallons of water a day if not fixed promptly.
- Leaky Pipes: More common in winter due to the freeze-thaw cycle but can occur any time.
- Low Water Pressure: Often a sign of a bigger issue like pipe corrosion or hidden leaks.
- Jammed Garbage Disposal: Usually a result of hard items or fibrous foods being disposed of improperly.
- Faulty Water Heater: Can lead to no hot water or insufficient hot water.

DIY Troubleshooting Tips

Once you've identified the issue, here are some general troubleshooting tips:

- For Dripping Faucets: Check if the washer inside the faucet handle needs replacing.
- For Slow Drains: Use a plunger or a mixture of baking soda and vinegar to clear blockages.
- For Clogged Drains: Remove the drain cover and clean out any accumulated debris.
- For Clogged Toilets: A plunger is often your first line of defense. If that doesn't work, a toilet auger might be necessary.
- For Running Toilets: Check the flapper valve and the fill tube; adjustments may be needed.
- For Leaky Pipes: Apply a pipe clamp or wrap waterproof tape around the leak as a temporary fix.
- For Low Water Pressure: Clean faucet aerators and showerheads to remove mineral build-up.
- For Jammed Garbage Disposals: Press the reset button on the unit and try running it again. If it's still jammed, turn off the power and attempt to free the impeller with a hex key.
- For Faulty Water Heaters: Check the pilot light, thermostat, and heating elements.

When to Call a Professional

Some issues, however, are best left to professionals. These include:

- Major Pipe Leaks: If you're experiencing a significant leak, it's time to call a plumber.
- Sewer System Backup: This is a serious health hazard and requires immediate professional attention.
- Installation of New Pipes, Sinks, or Tubs: To ensure everything is up to code and properly installed.
- Water Heater Problems: If basic troubleshooting doesn't solve the issue, a professional should look at it.

Preventive Measures

Prevention is always better than cure, especially when it comes to plumbing. Here are some preventive tips:

- Regular Maintenance: Regularly check your plumbing for any signs of wear and tear.
- Be Careful What Goes Down the Drain: Avoid flushing anything other than toilet paper and human waste down the toilet. Be mindful of what you put down your sink or garbage disposal.
- Insulate Your Pipes: This can prevent them from freezing and bursting in cold weather.
- Know Your Main Water Shut-Off Valve Location: This is crucial in preventing a minor leak from becoming a major flood.

By following these troubleshooting and preventive tips, you can keep your Albuquerque home's plumbing in good working order. Remember, while DIY fixes can save you money, don't hesitate to call a professional when the job is beyond your skill set. Your home's plumbing is a critical system, and keeping it running smoothly is essential to your comfort and well-being. Stay vigilant, and don't let those plumbing issues dampen your spirits!

HOT ALBUQUERQUE LISTING OF THE WEEK

1521 Sigma Chi Road NE, Albuquerque, NM 87106

Beautiful Territorial Home in desirable Spruce Park! Tranquil courtyard entry. Gorgeous landscaped lot. French doors open to the outdoor patio featuring a water fall & pond; a wonderful space to dine alfresco! Large deck off the family room overlooks a lush backyard of grass, mature trees & shrubs and mountain views; another perfect place to entertain! Lots of natural light, picture windows at the front, cove ceilings, nichos, graceful archways, recessed lighting, wood floors, cozy two-way fireplace between the living & family rm. Secondary bedrooms have walk-in closets and share a full bath. Private primary suite on its own wing. Refrigerated Air. Detached 2 car garage. Beautiful neighborhood location yet close to hospitals, UNM, Nob Hill, Downtown, shopping, parks & easy access...

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!

Check Out Our Latest Albuquerque Homes for Sale!

by Sandi Pressley

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.

613 1st Street NE, Rio Rancho, NM 87124

Come and see this adorable home in Rio Rancho. This home boasts threespacious bedrooms, a kitchen with plenty of storage and counter space.The high ceiling offer lots of natural light. No carpet! Home sits on a halfacre lot with a covered patio and great views. Bring your Rvs, no HOA!Bring your buyers today this home will not last long.
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.

LEARN MORE!


1521 Sigma Chi Road NE, Albuquerque, NM 87106

Beautiful Territorial Home in desirable Spruce Park! Tranquil courtyard entry. Gorgeous landscaped lot. French doors open to the outdoor patio featuring a water fall & pond; a wonderful space to dine alfresco! Large deck off the family room overlooks a lush backyard of grass, mature trees & shrubs and mountain views; another perfect place to entertain! Lots of natural light, picture windows at the front, cove ceilings, nichos, graceful archways, recessed lighting, wood floors, cozy two-way fireplace between the living & family rm. Secondary bedrooms have walk-in closets and share a full bath. Private primary suite on its own wing. Refrigerated Air. Detached 2 car garage. Beautiful neighborhood location yet close to hospitals, UNM, Nob Hill, Downtown, shopping, parks & easy access...

LEARN MORE!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Get your Morning Inspiration with the Sandi Pressley Team

Get Ready for The Albuquerque International Balloon Fiesta!

by Sandi Pressley

Are you ready for the grand spectacle that is the Albuquerque Balloon Fiesta? It's just over a month a month away, so now is the time to make plans and make sure to buy tickets. The Albuquerque International Balloon Fiesta is not just an event; it's a phenomenon that captures the essence of joy, freedom, and color. As the world's largest balloon festival, it draws pilots, spectators, and enthusiasts from all corners of the globe to Albuquerque, New Mexico, for an experience that is truly out of this world.

The fiesta's origins date back to 1972 when 13 balloons ascended from a shopping mall parking lot. Now, more than four decades later, it has grown into an international sensation, with hundreds of balloons painting the sky with their magnificent hues and intricate designs.

The 2024 edition of the fiesta, set to take place from October 5th to the 13th, is shaping up to be the most breathtaking yet. The theme for this year, "A Symphony of Shapes," celebrates the diversity and creativity of the balloons, which range from traditional orbs to whimsical special shapes that defy the imagination.

The festival's schedule is packed with events that cater to all tastes and ages. The Dawn Patrol, a group of balloons that take off before sunrise, tests the winds for the others. Their pre-dawn inflation and takeoff are a magical sight, with the glow of their burners lighting up the dark sky.

The Mass Ascension is a signature event where all participating balloons launch in two waves, creating a spectacle of mass flight that is unrivaled anywhere else in the world. The sky becomes a mosaic of colors and shapes, with the Sandia Mountains providing a stunning backdrop.

The Special Shape Rodeo gathers the most uniquely designed balloons. From animals and cartoon characters to fantastical creatures and iconic figures, these balloons are crowd favorites and offer a playful twist on the traditional balloon designs.

The Balloon Glows are evening events where balloons are tethered to the ground but illuminated from within, creating a breathtaking display of light and color. The Night Magic Glow is a particular highlight, with the balloons glowing in unison against the night sky.

The festival also features competitive flying events, where pilots demonstrate their skill and precision. Tasks such as the Key Grab and the Ring Toss challenge pilots to maneuver their balloons with exactitude, often with lucrative prizes at stake.

Beyond the balloons, the fiesta is a cultural celebration. The Music Fiesta brings together top musical acts for performances that add an auditory element to the visual feast. The Artisans at Balloon Fiesta Park showcase local and national artists, offering everything from handcrafted jewelry to fine art.

For the adventurous, balloon rides offer the chance to participate in the magic of flight. Floating gently above the earth, riders can take in panoramic views of the Rio Grande Valley and the enchanting New Mexican landscape.

The Albuquerque International Balloon Fiesta is more than an event; it's a bucket-list destination that offers memories to last a lifetime. It's a place where the spirit of adventure soars as high as the balloons themselves, and the joy of flight is shared by all who attend.

As the 2024 fiesta draws near, the excitement is palpable. With each year, the festival evolves, adding new events and features that continue to enchant visitors. Whether you're a seasoned balloonist or a first-time visitor, the Albuquerque International Balloon Fiesta is an event that promises wonder, excitement, and a sense of community that reaches skyward, just like the balloons that give it life.

HOT ALBUQUERQUE LISTING OF THE WEEK

9409 Mogollon Drive NW, Albuquerque, NM 87114

Welcome to this one story beauty in Ventana Ranch. Home has been updated throughout ownership. Most recents, roof replacement, LV flooring in all rooms, ceiling fans, Freshly updated kitchen. All appliances convey. Home backs to open space and sits on a cul-de-sac. Mature planting, trees, bushes, SW plants all on a bubble drip system.Pride of ownership here, with 3 good sized bedrooms, 2 baths, laundry room, washer/dryer stays! Finished 2 car garage. Near schools, parks, trails. Must see home in a desirable community.

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!

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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