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Landscape Ideas to Increase the Value of Your Albuquerque Home

by Sandi Pressley

Would you like to learn how to increase the value of your house for sale in Albuquerque? You can increase the value of your home by up to 15% by improving your landscaping. For a $300,000 home, that means about $45,000.

A small improvement can have a big impact. You should aim to spend between 5% and 10% of the value of your home. You can save even more if you do the work yourself or enlist the help of family and friends.

Here are four landscaping ideas that can increase the value of your home in Albuquerque.

Clean It Up

What does your yard look like? Keeping the grass mowed and removing dead trees and bushes is a simple way to improve the appearance of your property. You can then replace them with low-maintenance plants. 

You should also trim overgrown trees and shrubs, and remove low branches. Replace rusted metal edging where your grass meets your rock or mulch if it is old and rusted.

Keep It Low Maintenance

Here are some ideas to create a low-maintenance yard if you don't have all day to work on it.

  • Plant perennial flowers that will return every year.
  • Install a sprinkler system or automated soaker hoses.
  • Cover more areas with pavers or hardscape to cut down on mowing time.
  • Avoid messy trees that leaves, needles, and berries. Consider arborvitae trees that can grow up to 50 feet tall, need little pruning, and stay green year-round.

Grow a Privacy Fence

Are you able to see your neighbor's backyard? Trees or shrubs can be planted to block their view as well as yours. Go with plants and trees that are native to the Albuquqerque area, such as Mimosa, Desert Willow, Smoketree, Big Sage, Fourwing Saltbush, Butterfly Bush and many others.

Try to plant various types of shrubs or trees so that if one gets a disease, they don't all get it and die. When you stagger these different plants, it creates an attractive look that home buyers will love.

Bring Your Indoors Outside

Your backyard is a great place to relax with your family and friends during the summer. With the right budget and space, a gazebo is an excellent addition to any landscape. You might as well add an outdoor kitchen equipped with a built-in grill, a refrigerator, and a TV if you really want to go all out. Soft cushions, outdoor carpet, and throw pillows will complete your lovely gazebo.

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!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $875,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Get More Room With These Latest Listings

by Sandi Pressley

Is your family growing and you need some extra room? If you're looking to expand your living area, you can't beat these two outstanding values. One of these homes offers 7 bedrooms and 3566 sq ft of room! Check out these great properties while can!

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

7321 THUNDERBIRD Court NW, Albuquerque, NM 87121

$275,000

Cul-De-Sac! Private gated entrance! Beautiful shade tree at the front entry! 7 BDR/3BA! Two master bedrooms on main level! THREE living areas with living/dining and separate family room with wood burning fireplace plus a huge den. 7 bdrs with closets, 4 on the main level and 3 bdr upstairs plus an office/study/flex room on the main. Kitchen is open to the family room with breakfast bar and pantry. Approx .25 acre lot located on a cul-de-sac, extended covered patio, large backyard, two storage sheds, walled for privacy and lots of outdoor entertaining space. Close to schools, shopping, restaurants, easy access to 1-40 and Coors!

Learn More!


4621 CONGRESS Avenue NW, Albuquerque, NM 87114

$325,000

Excellent location in Knolls of Paradise Hills! Close to shopping, restaurants, parks, Cottonwood Mall, Presbyterian Rust Hospital and easy access across town or downtown! 4BDR/2BA/2CG! Private front courtyard! Huge great room with cove ceiling and fireplace! Skylights! Master suite on its own wing! New water heater (2020) Kitchen features breakfast nook with beautiful bay windows overlooking the backyard. Master suite features jetted tub, large shower, dual sink vanity, two walk-in closets & tile floor. Large secondary bedrooms and full bath on a separate wing. Outdoor living features a covered patio, entertaining space for summer BBQs, raised garden space for flowers & herb pots and mature trees and shrubs!
REQUEST MORE INFORMA

Excellent location in Knolls of Paradise Hills! Close to shopping, restaurants, parks, Cottonwood Mall, Presbyterian Rust Hospital and easy access across town or downtown! 4BDR/2BA/2CG! Private front courtyard! Huge great room with cove ceiling and fireplace! Skylights! Master suite on its own wing! New water heater (2020) Kitchen features breakfast nook with beautiful bay windows overlooking the backyard. Master suite features jetted tub, large shower, dual sink vanity, two walk-in closets & tile floor. Large secondary bedrooms and full bath on a separate wing. Outdoor living features a covered patio, entertaining space for summer BBQs, raised garden space for flowers & herb pots and mature trees and shrubs!

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

Purchase of a home in Albuquerque can be intimidating for many young or first-time buyers. Homebuyers aged 25 to 40 may be unsure about the homebuying process and what they can afford, according to a recent survey. The study found:

  • “1 in 4 underestimated their buying potential by $150k or more”
  • “1 in 4 underestimated the increase in value by $100k or more”
  • “47% don’t know what a good interest rate is”

Most young homebuyers have given up on their search because they feel uncertain, or worse, they have decided homebuying isn't right for them and don't even start a search.

If you want to buy a home but aren't sure where to start, here are three things you should know about homeownership.

1. Down Payments

It's not necessary to have a large down payment to qualify to buy a home, but that's how many people view it. According to Freddie Mac:

The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.”

Those looking to buy between July 2019 and June 2020 only had to make an average down payment of 12%, according to the National Association of Realtors (NAR) Generational Trends Report. The median down payment for buyers ages 22 to 30 was only 6% when controlling for age.

2. You May Be Able To Afford More Home Than You Think

Spending more time in our homes as a result of working from home, exercising, and spending more time on leisure has changed what people expect from their living spaces. Some young homebuyers are unable to afford homes that will meet their growing needs, so they choose to continue renting. As a result, they'll miss out on some of the benefits of home ownership in the long run. A recent NAR article points out:

“Many young adults are underestimating how much they need for homeownership, the survey finds. Millennials underestimated how much home they can afford right now, how much interest they would pay over a 30-year mortgage, and how much home values appreciate, on average, over 10 years…”

When you are starting the home buying process, knowing how much to spend on a home is critical and could be a game-changer.

3. Don't Wait

In addition, with mortgage rates on the rise along with home prices appreciating, you may end up paying much more for putting off buying a house now. According to Sam Khater, Chief Economist at Freddie Mac:

As the economy progresses and inflation remains elevated, we expect that rates will continually rise in the second half of the year.”

Experts predict that interest rates will rise in the months ahead, and even a small increase can affect your purchasing power. There's no better time to buy a home if you've been on the fence.

When you begin your home search, you may feel overwhelmed. You're not alone. We can help. Contact the Sandi Pressley team today to see how you can make your goal of owning a home a reality.

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!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $875,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Staging Ideas to Sell Your Albuquerque Home Faster

by Sandi Pressley

You can increase the sale price of your Albuquerque house by staging it for sale. In addition to helping you sell faster, it's an important marketing tool to help you compete at the right price. But cleaning the house and fluffing some pillows is not enough. Organizing, decluttering, repairing, upgrading, and depersonalizing are the keys to this process.

Here's a few tips to get your home ready to sell in Albuquerque.

Living Room

  • When placing anything from accent pillows and table lamps, go for symmetry, which is pleasing to the eye.
  • Light it up with lamps. Chic lamps provide both added lighting and appealing decor.
  • Make that fireplace glow. Scrub away soot stains and replace the old screen.
  • Whatever amount of furniture you have in your living room, remove a few pieces to make the room feel spacious.
  • Help buyers imagine their life in your home. Set the scene by displaying a board game or tea service on the coffee table, and arrange furniture in conversational groups.

Kitchen

  • Clear everything from countertops except one or two decorative items, like a vase of flowers or bowl of fresh fruit.
  • Pack up all the dishes except one attractive, matching set. Do the same with glassware, flatware, and cookware, and pare down all other cupboard and drawer items down to the minimum.
  • Freshen up and modernize those cabinets with a fresh coat of paint or stain and new hardware.
  • Invest some time in evaluating your appliances. Can they be made to look new again with a good scrub? Consider giving it the old college try or replacing it with a new model. Stainless steel is strongly recommended by the Real Estate Staging Association. If you use stainless films, you can get stainless's appearance for the price of a cheap meal.
  • Remove those fridge magnets and give the door and handles a good cleaning.

Bedrooms

  • Go gender neutral in the master bedroom. Ditch those dainty, floral pillow shams or NASCAR posters.
  • Pack up all but the clothes you're wearing this season to make you closets look larger.
  • Swap out the motley crew of mismatched hangers in your closet for a set of wooden ones to create a classy, boutique look.
  • Put jewelry and other valuables in a safe spot.
  • Consider giving extra bedrooms a new identity as a home office, sewing room, or another interesting function.
  • Remove televisions or video game consoles from bedrooms to depersonalize and create a serene setting.

Obviously, there are other ways to stage your home for sale. However, with these few tips, you'll be on your way to a faster sale.

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!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $875,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Selling a home in Albuquerque always involves an inspection. But when the inspector reports something amiss in the plumbing, sellers either panic or simply shrug it off.

If there are issues with the property, an inspector is sure to find those. For the most part, buyers will not commit to buying a home until it's been thoroughly vetted by an inspector.

It can be a hassle to make repairs after an inspection, and it will certainly eat into your profits. But what kind of repairs could you potentially be expected to make?

Check the Contract

In order to avoid being forced into repairs you don't want to make, you should check your contract.

Generally, you shouldn't sign a contract until you clearly understand what it stipulates. This is especially true when it comes to repairs.

Thankfully, not everything that the home inspector suggests you fix must be fixed. Reports are not to-do lists.

There are three kinds of repairs: necessary, optional, and debatable.

Required Repairs after a Home Inspection

Prior to releasing funds to complete the purchase, lenders will require some repairs. Repairs are usually needed because of structural issues, safety concerns, and code violations.

An inspection may uncover mold or mildew that poses a safety risk. Unrepaired leaks in water mains and damaged plumbing systems can cause mold growth.

Bob Oates Plumbing recommends all clients perform routine plumbing maintenance on an annual basis after a water main breaks, because an undetected leak can lead to high water bills, mold, mildew, and rot.

If such problems are discovered during the home inspection, you will likely be responsible for fixing them.

A repair credit is often offered to buyers, allowing them to perform the repairs themselves. Taking this route means you won't have to supervise the repairs.

Repairs that are Not Required

Normal wear and tear or cosmetic damage is not the seller's responsibility.

In some contracts, the buyer will be restricted to requesting only the above-mentioned required repairs and cannot request cosmetic repairs. However, the seller is also liable for any issues or defects discovered during an inspection if state laws govern that matter.

To know which repairs you will be responsible for, you should understand your local ordinances.

Negotiable Home Repairs

Repairs that are negotiable fall somewhere between required and optional repairs. Market conditions affect how they're treated.

There is more flexibility for the seller in a seller's market. If the market is hot, the contract may specify that the buyer will buy the home "as is" or may request the buyer request a limited inspection only. The seller would not be obligated to pay for repairs if the contract stipulates such language.

Such strict rules would not be allowed in a normal marketplace.

Sellers are responsible for negotiating these repairs. Home warranties are offered by some, while others offer value-added incentives to buyers.

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!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $875,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team


Have a Safe and Happy 4th of July!

by Sandi Pressley

"Freedom lies in being bold." – Robert Frost

We would like to wish all of you the best this Independence Day. We've been thought so much over the past year. But we persevered and are bold. And that's what makes us free.

If you want to celebrate the 4th with a grand event, come to the Rio Rancho 4th of July celebration at Campus Park. 

For the first time ever, Campus Park, featuring the Sky Room outdoor performance space and amphitheater, will open to the public for some summer fun. Spectators will enjoy live music by the 44th Army Band and a special concert by the New Mexico Philharmonic. Following the performances, a spectacular fireworks show will begin. Admission to these events is free. For those wishing to only view the fireworks and not wanting to attend the musical performances or visit Campus Park, there is ample parking available in the multiple lots surrounding City Center. Visitors may park in the lots and tailgate as they enjoy a dazzling fireworks display. Performance times:

  • 6:00 to 8:00 p.m.—44th Army Band
  • 8:00 p.m. to 8:15 p.m.—Campus Park Ribbon Cutting Ceremony and reading of Independence Day Proclamation
  • 8:15 p.m. to 9:15 p.m.—New Mexico Philharmonic
  • 9:15 p.m.—Fireworks Extravaganza

Have a Safe and Happy Independence Day!

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.

The Comeback of the Dining Room

by Sandi Pressley

For a while, many Albuquerque home owners had lost interest in dining rooms. Formal dining rooms didn't get decorated or even used since homeowners weren't motivated to do so. 

But that may be changing. The dining room has lost its footing over the years to expanded kitchen eateries and admonished for its lack of use, but the formal dining room is making a strong comeback.

Make your dining room stand out with these tips.

The right table

It's all about scale. An improperly sized table can throw off the whole room. “When choosing a dining table shape, consider your room's dimensions, how many people you'll typically want to seat, and your entertaining style,” said Wayfair. “Don’t forget, removable leaves allow you to adjust a table depending on the size of your dinner party.”

Color 

Adding a personal touch to the dining room makes it a great place to showcase your unique personality. You can be bold with those walls and use a deep, rich, vivid, or saturated color. You can also choose a wallpaper that catches the eye. Wallpaper has been in vogue for a while now, and the dining room is the ideal base for pretty patterns.

Lighting

Make a statement with a chandelier. Where else but the dining room? But that's just the beginning. 

“Ideally, you should choose bulbs and fixtures that produce between 200 and 400 watts, but the real key is layering: make sure to use a mix of lighting sources including floor lamps, wall fixtures, candles and windows (Yes, natural lighting counts too!),” said Pottery Barn. “The shape of your light fixture is also important. Choose a shape that complements your dining table. For example, hang a rounded fixture above a round table and choose an oval or linear fixture to hang above longer and rectangular tables. Finally, consider the size of your space. If you have a large dining room, go big and bold with an extravagant chandelier. If your space is smaller, smaller hanging pendants will achieve a similar effect without taking up too much space.”

Seating

Combining comfort and class is the way to go. Make sure you pay attention to the seat fabric as well. Here's another chance to show off your flair. 

It is also important to use a high-quality fabric. If you have young children, you may need to consider the fabric's porosity. Top choices include microfiber and leather. A busy pattern also works well because stains won't show up as easily. 

Add a rug

“Round out your dining room design with vibrant area rugs,” said Better Homes and Gardens. “Anchor your dining set with a colorful area rug that harmonizes with your palette and decorating style. Area rugs should extend at least 2 feet beyond a table's sides to accommodate occupied chairs. An 8x10-foot area rug is a good fit for most dining sets. Introduce kicky slipcovers, graceful draperies, fabric lampshades, eye-catching artworks, framed mirrors, and cool collections that counterbalance your furniture's heavy forms and hard edges.”

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!

12623 INDIAN Place NE, Albuquerque, NM 87112   $299,000

4 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1906 Square Feet

Move In Ready! Don't miss the opportunity to own this lovely & meticulously maintained NE Heights home, nestled in the quaint Royal Heights neighborhood! The efficient floorplan offers over 1900 square feet with both formal & informal living spaces; complete w/4 bdrms! Interior professionally painted 2021; New Evap cooler April 2021; Pella sliding door; Pergo flooring & more! Well thought out kitchen features beautiful cabinetry & counters; eat at peninsula; updated back splash; & pantry addition, all which opens to the cozy family room w/wood burning fireplace, leading out to the landscaped backyard w/large covered patio; lawn; shrubs; trees; & storage. Views of the Sandia Mtns on a large corner lot w/great curb appeal; close to foothills, trails, shopping, & commute. Don't wait to show!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team


Luxury Living Is Yours With These Spectacular Listings!

by Sandi Pressley

Are you in the market for a luxury Albuquerque home that offers the very height of custom distinction? A full array of luxury features await you in each of these unique and amazing estates. Please contact us for an exclusive showing since there are too many great features to list here.

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

10200 Corona Avenue NE, Albuquerque, NM 87122

$1,899,000

Heaven in North ABQ Acres! Spectacular Custom Built home, designed by Eric Spurlock. Enter through private courtyard. The flowing floorplan offers soaring herring bone beamed ceilings and expansive great room makes this a wonderful home for entertaining. Chef's kitchen offers all Viking Appliances, island with gas cooktop, opens to a Morning room with Kiva Fireplace, sitting area and a breakfast nook. Also opens to an outdoor patio. Formal dinning room, with entrance to private Wine tasting room, temperature controlled, space for 100s of bottles w/racks and wine storage. Seating for conversation. Owner's suite on main level offers tray ceilings, sitting area, access to outside patio.

Learn More!


13516 DEER TRAIL Place NE, Albuquerque, NM 87111

$875,000

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formal dining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away!

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

What is Opendoor iBuyer?

by Sandi Pressley

Have you heard about Opendoor? If you plan to sell your home in Albuquerque, perhaps this company has crossed your path. Opendoor is capitalizing on the popularity of iBuyer technology. The term iBuyer refers to an instant buyer. IBuyers theoretically make the process of selling a home easier, faster, and sometimes cheaper.

What Is an iBuyer?

As was touched on, Opendoor is characterized as an iBuyer. Using technology, iBuyer companies offer instant offers on properties. Data and advanced algorithms are used by an iBuyer company to estimate the value of a property. Based on that information, they make an offer.

Traditionally, sellers do not have to market and sell their homes. iBuyer then takes ownership of the home, makes any necessary repairs or changes, markets it, and eventually sells it on.

Occasionally, the terms iBuyer and flipper are used interchangeably, but there often appears to be differences between the models. Flippers typically buy foreclosure homes or homes near foreclosure that need extensive renovations. The work will be done and then sold for a profit.

IBuyers tend to search for homes in good condition, and they'll likely pay fair market value. Repairs might be made, but most renovations are minor.

Where do they make their money?

Opendoor is a fee-based service. The iBuyers try to charge a commission fee that is comparable to that of a real estate agent. Fees are based on the time required to sell a property.

What Is Opendoor Specifically?

Opendoor is one of the largest iBuyers at the moment. A lot of credit goes to them for starting iBuying. Opendoor charges its customers a service fee.

When someone submits an offer request, Opendoor will provide the seller with all-cash offers within 24 hours. After entering your address, you can choose the features of your home and any upgrades you've made. After you accept the offer from Opendoor, they'll send a team out to conduct a walkthrough.

They deduct the costs of repairs if they believe they are necessary. You only need to choose a closing date if you agree to the offer and terms.

What Are the Pros of Opendoor?

There are definitely some upsides to Opendoor. To begin with, it is simple. That’s the biggest benefit. Traditional methods of selling a house can be time-consuming and frustrating. An inspection, closing, and selling a house can take months. It is really possible to get an offer within 24 hours on Opendoor, and they also pay for the inspection.

What Are the Cons of Opendoor?

Opendoor has its downsides, as with anything.

First of all, it helps if you have some idea about the local Albuquerque real estate market. Selling a home requires you to make smart decisions that lead to a competitive offer from Opendoor. You might be better off working with a realtor in the traditional sense if you do not have this knowledge and experience.

It's also possible that you won't make as much money selling your home as you would if you sold it traditionally, especially if you live in a seller's market right now.

Also, Opendoor charges at least 7.5% for using the service, which is more than the usual commission paid to real estate agents. There is also a disclaimer that they could charge as much as 14%, whereas real estate agents usually charge just 6%. Fees are determined by how long it takes to sell your home, its features, as well as comparable homes in your area.

Furthermore, Opendoor determines the cost of any repairs based on its own inspection. You can negotiate repair costs if you sell your home conventionally.

Opendoor and other platforms like it may seem as if they're the future of real estate, but it's more likely to be a component of it. But working with a real estate agent will also remain a popular choice for buyers and sellers.

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!

2625 HALCON Place SW, Albuquerque, NM 87105   $400,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2797 Square Feet

Country living in the South Valley at its best! Covered sun porch & front entry with rose bushes! BACKYARD ACCESS with electric gate. Metal Roof! 3BDR/3BATH featuring a beautiful ADDITION in 2010 for kitchen, sitting room & master suite! Oversized kitchen features beautiful cabinetry, granite countertops, huge pantry & tile flooring! Master suite features his/her vanities, large walk in closet, jetted tub, sep shower, skylights, gas fireplace! Detached 2Car garage with pit, crane, sink & storage; horse barn & shop w/electricity & chicken coop! Gorgeous yard to entertain family & friends! Fruit trees, grapes, grass, shrubs & covered patio!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

So you're all set to buy that charming old home in Albuquerque. But before you start packing your belongings, you should make sure the plumbing can handle your needs and doesn't need major repairs.

It’s true, older homes in Albuquerque are charming and full of character. In many cases the materials stand the test of time, but not always. Plumbing is a different animal. Below are 10 things to check before writing the big check.

1)  Sewer line. Have an expert check the sewer line to the street. A video camera is crucial to detecting potential problems. Tree roots, corrosion or clogs can all hurt the line, and you don’t want it to collapse.

2) Water heater. Check the age. Water heaters should last at least 10 years, so if it’s much older than that, it’s probably time to replace it. Look at the location, will it cause problems if it leaks?

3) Toilets. Check toilets for leaks at the base to check for damage. Sealing a leak will make the problem worse. Check for things like rocking, discoloration, or warping at the base. Flush each toilet to make sure there aren't clogs.

4) Water supply pipes.

  • Find out when the pipes were installed and whether they have been replaced.
  • What type of pipes are they? If they are copper or plastic, they have probably been replaced. Copper and plastic don’t corrode like steel, but some plastics, such as PVC, are not approved for inside use.
  • If it is galvanized steel, it is probably old and likely to require replacement. Look for small holes that could be rust.
  • Are the pipes a mix of different materials? This is usually a sign that minimal maintenance has been performed and will likely need replacement.
  • If the pipes are cast iron, they may need to be replaced due to mineral build up, corrosion or leaks.
  • Pipes made from polybutylene should be replaced. These pipes a grayish, flexible plastic used from the 1970’s to the 1990’s. Chlorine erodes them over time.
  • All lead pipes should be replaced.

5) Inside water lines. Look for discolored water or leaks in the pipe you can see—either in the basement or under the sink.

6) Drain lines. Even though these lines generally don’t corrode, play it safe and look down the drain.

7) Water taps. Turn on the tap to check for corrosion. If the home is vacant and there has been no activity for a while, rust may drain out, but if it is occupied, corrosion is more likely.

8) Water Pressure. Test the water pressure by running all the faucets simultaneously. You need 3/4” water pipe from the water source to the house, and no less than 1/2” to the faucets.

9) Crawl space and basements. Look for water damage, leaky pipes or inadequate repairs.

10) Shower pressure. Although there are numerous models with varying water pressure, make sure the stream of water is steady.

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!

2625 HALCON Place SW, Albuquerque, NM 87105   $400,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2797 Square Feet

Country living in the South Valley at its best! Covered sun porch & front entry with rose bushes! BACKYARD ACCESS with electric gate. Metal Roof! 3BDR/3BATH featuring a beautiful ADDITION in 2010 for kitchen, sitting room & master suite! Oversized kitchen features beautiful cabinetry, granite countertops, huge pantry & tile flooring! Master suite features his/her vanities, large walk in closet, jetted tub, sep shower, skylights, gas fireplace! Detached 2Car garage with pit, crane, sink & storage; horse barn & shop w/electricity & chicken coop! Gorgeous yard to entertain family & friends! Fruit trees, grapes, grass, shrubs & covered patio!

Contact the Sandi Pressley team for additional details! 

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