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Summer Heats Up With These Hot Albuquerque Properties

by Sandi Pressley

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

1 TIERRA MONTE Street NE, Albuquerque, NM 8712

$495,000

Spectacular and Breathtaking Panoramic views from this gorgeous one owner custom home nestled in the foothills of the Sandias. Beautifully updated/remolded bathrooms and kitchen, including new appliances. Master bath is a true spa like retreat along with a huge walk in closet. What a great home for entertaining family and friends indoors and out. This is a true one of a kind home conveniently located near hiking, biking and waking trails. The unobstructed majestic views will take you breath away.

Learn More!


4732 SANDPOINT Road NW, Albuquerque, NM 87114

$365,000

All brick KB home with amazing Chef Kitchen with viking appliances, cherry wood soft close cabinetry, tankless water system, Easy Water whole house system, Solar System owned by the seller (not leased),custom tile floors, Brazilian cherry floors on the loft, custom wood banister(railings), Washer,dryer refrigerator and pool table conveys.Home has numerous skylights, fully professionally landscaped with water features.

Learn More!


23 JENNIFER Drive, Sandia Park, NM 87047

$179,000

Quaint mountain home in Sandia Knolls. This lovingly maintained home boasts 3 bedrooms and 2 baths. The kitchen appliances are higher end and oversized, great for the chef in the family. Brand new water heater installed in 2020. Enjoy breathtaking views of the Sandias in the front of the home and a private patio in back surrounded by trees. Home sits on 0.5 acres and has a paved public road all the way to property with the school bus stop right out front. Close to open space for hiking.

Learn More!


4332 ALTURA VISTA Lane NE, Albuquerque, NM

$230,000

Fantastic location in desirable gated community of Altura Village! Conveniently located close to UNM, Nob Hill, UNM Hospital, Altura Park! 3BDR/2.5BATH plus Loft! Light, bright & open with lots of living space in the great room. Open kitchen with sunny breakfast nook, gas stove, built-microwave, refrigerator, washer & dryer stay! 3 large bedrooms upstairs! Master bdr has a wall of windows, 2 walk-in closets, garden tub/shower, dual sink vanity and tile flooring in bath. Private gated community minutes away from shopping malls, Uptown & 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

 

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

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

Mistakes to Avoid When Flipping a Home in Albquerque

by Sandi Pressley

Is flipping homes in Albuquerque a good way to make money? Many people are looking for new ways to bring in an income, and flipping homes may sound like a smart business move. It can be, but only if you do it right. Flipping homes ends up being harder and more expensive than most people realize. And if you think it's a way to get rich quick, then now is a great time to drop that perception. Flipping homes should be treated like any small business, as it requires time, money, planning, patience, skill, and effort.

Here are some mistakes to avoid if you plan to flip a home for sale in Albuquerque:

Not Enough Money

It goes without saying that real estate is expensive. Plus, if you need to finance the home, then you'll being paying interest, which adds up over time.

Although the interest on borrowed money is still tax-deductible even after the passage of the Tax Cuts and Jobs Act, it is not a 100% deduction. Every dollar spent on interest adds to the amount you'll need to earn on the sale just to break even.

And if you use a mortgage or home equity line of credit (HELOC) to finance your flip-house purchase, only the interest is deductible. The principal, taxes and insurance portions of your payment are not.

You need to make sure you research your financing options to find a mortgage type that bests suits your needs. 

It's also not as easy to make a profit as it used to be. Profit margins have shrunk over the years. That doesn’t mean there isn’t money to made, but it does mean that you need to be more careful.

It also costs money to fix up a home. Keep in mind that the sale price needs to be more than the combined cost of buying the home, holding the home, and the cost of renovations.

Not Enough Time

Time is the other major investment to consider when flipping a home. It can take months to find the right property in Albuquerque. Then you have to take to to fix it up to sell. When you're done with the work, you then need to schedule inspections to make sure the property complies with applicable building codes before you can sell it. If it doesn't, you'll need to spend more time and money to bring it up to par.

If you work a regular job, then you'll have to spend your free time to do the renovation work. Even if you hire professional help, you still need to spend time to supervise the work. And of course, the money you spend on help will cut into your profit.

Then comes the selling process. We can help you sell your home quickly and for the best price. But that process still takes time, sometimes weeks or months.

Not Enough Skills

If you're a professional builder, carpenter, or plumber, then flipping a home will come much easier, as you already know how to fix up a home. You may also have a union job that provides an unemployment check, which will let you work on the home on the side.

The best way of making money when flipping a house is through good old-fashioned sweat and effort. If you're handy with a hammer, enjoy laying carpet, and can hang drywall, roof a house, and install a kitchen sink, you've got the skills to flip a house.

On the other hand, if you don’t know a Phillips-head screwdriver from a flat screwdriver, you will need to pay a professional to do the renovations and repairs. And that will reduce the odds of making a substantial profit on your investment.

In the end, flipping a home takes time, money, and patience. If you have all three of those things, then you can make a success out of flipping homes in Albuquerque.

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

HOT HOME LISTING OF THE WEEK!

1 TIERRA MONTE Street NE, Albuquerque, NM 87122  $$495,000

2 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2655 Square Feet

Spectacular and Breathtaking Panoramic views from this gorgeous one owner custom home nestled in the foothills of the Sandias. Beautifully updated/remolded bathrooms and kitchen, including new appliances. Master bath is a true spa like retreat along with a huge walk in closet. What a great home for entertaining family and friends indoors and out. This is a true one of a kind home conveniently located near hiking, biking and waking trails. The unobstructed majestic views will take you breath away!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Save Money Installing a Pool in Your Albuquerque Home

by Sandi Pressley

Summers can get quite warm here in Albuquerque, so having your own pool to stay cool in can be quite a desirable asset. Especially now with social distancing being a concern, it can add even more value to have a private pool. It will also add more value to your Albuquerque home if you decide to sell in the future.

Adding a pool to your home can become quite costly, however. What are some ways to minimize the cost of installing a pool?

In-Ground or Above-Ground?

It's no surprise that in-gound pools are more expensive, simply in large part to the fact that you have to dig the hole and hauling away the debris. If you decide to go this route, you might consider options that include fiberglass shells of high quality, which has the ability to flex with ground movements. This allows the pool walls to bend instead of cracking, plus they can be custom designed to match your property characteristics.

Above-ground pools are of course the less expensive option. These pools are pre-made with a reinforced steel shell with a vinyl liner. There's no need for on-site construction, since they're made a factory and delivered to your home, saving a significant amount of money on installation. The vinyl liners have a lifespan of 10-15 years and can be replaced. Make sure to consult with a professional which pool is right for you.

Limit Special Features

It can be easy to get carried away with adding features to your pool, which will raise the cost. Some people might want to add a deck to go with the pool. Yet, you can save that particular project as a future add-on, as adding a deck can double or even triple the overall installation cost. You can also add a minimal deck for now, and add to it later.

Adding a deep end will also drive up the costs, so you may want to avoid that feature unless you're a competitive swimmer. Colored lights, water jets, slide, and jacuzzis also will raise the cost. You can always add these features later.

Maintain Your Pool Yourself

Another way to save money is to do your own maintenance on you pool. By doing so, not only do you save money by not having to hire someone to clean it, but you also learn about the pool systems and how to maintain and repair them.

You can also save money on your power bill by not running your pump motor all day. Most experts recommend running the pool for just 8-12 hours daily, which can be divided up between the early morning and late evening hours. This will be enough to keep your pool clean, while keeping your electric bill lower and saving on the pump motor's wear and tear.

Buying your pool chemicals in bulk is also a great way to save money. You can buy enough by the pound to last all season, saving money and trips to the store.

Chosing the right pool for your home in Albuquerque and maintaining it yourself will help save money and make owning a pool an affordable reality for your family to enjoy for years to come.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Find Your Perfect Home in Corrales

by Sandi Pressley

If you're looking to buy a home in the Albuquerque area that combines the feel of the country with the conveniences of the big city, take a look at what the Village of Corrales has to offer.

Located along the Rio Grande river, nature lovers appreciate the beautiy of the area, enhanced by the Rio Grande Bosque, a greenbelt to the east of the village, where many native plants and animals reside. This village of some 8,300 residents has something to offer everyone.

This fertile area has been supporting populations of people since around 500 A.D., when the ancestors of the present-day Indian Pueblos made their living off the land. Even though the population of the area has grown over the past few decades, residents do their best to retain the rural feel of the area.

You don't have to go far to find great places to shop and eat in Corrales. You'll find fine shops and galleries selling locally made products, such as Sara Smith Contemporary, Galleria De Corrales, and the Indian Pueblo Cultural Center museum and shop. For other products, there's the Village MercantileFrontier Mart, Blue Sky Woodworks, and Hanselmann Pottery, just to name a few.

For outstanding local food, residents and visitors enjoy dining at extablishments such as Hannah & Nate's, Village Pizza, Perea's Tijuana Bar & Restaurant, and Corrales Bistro Brewery.

Outdorr lovers will be close to a great array of local parks and recreation choices. Located near Corrales are parks such as Mesa Contenta, Haynes Park, Alameda Spray Park, and Balloon Fiesta Park. Just 10 miles away are the Rio Grande Nature Center State Park and the Petroglyph National Monument. If you enjoy a good hike, you'll also have plenty of trails to challenge you in the Sandia foothills.

Homes for sale in Corrales offer plenty of lot space and spectacular views of the Sandia mountains. And with no streetlights, you'll be able to enjoy dark nights that bring out the stunning view of the stars.

Corrales is also home to a number of popular annual events, of course depending on COVID-19 restrictions:

Corrales Art Studio Tour – Held every year on the first weekend of May, for two days. Art studios and galleries share with the public their original work in various mediums like paint, prints, ceramics, glass wood, fiber, furniture, jewelry and photography. 

July 4th Parade - This annual parade includes something for everyone: horses, synchronized scarecrows, a lively kazoo band and more. Surprises abound at this fun annual event.

Corrales Harvest Festival – This Village-wide annual event is held on the last weekend in September and celebrates Corrales’ agricultural roots. You can buy farm fresh produce at the farmers market or select unique gifts and works of art at the arts and craft show. There's also a themed corn maze at Wagners and hay wagon rides to the various venues. A food court with continuous live entertainment offers fun and refreshment.

Corrales Holiday Art Fest - The Corrales Holiday Art fest is a great place for holiday shopping. Visitors will discover affordable and collectible art and crafts including handcrafted jewelry, pottery, photography, sculpture, oil, acrylic and pastel paintings by local artisans.

Starlight Parade - The annual Starlight parade begins the holiday season in Corrales, with lighted floats and vehicles parading along Corrales Road.

If life in Corrales sound like what you're looking for, view homes for sale right now in Corrales.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Protect Your Albuquerque Home From Theft

by Sandi Pressley

It's not something we like to think about, but home crimes can happen to anyone at any time. As a homeowner in Albuquerque, you know doubt have already taken steps to secure your home and protect your family.

Your main goal when it comes to home security is to prevent criminals from damaging, stealing, or breaking into your home in the first place. That doesn't just mean locking doors and windows. It involves taking into account your property's security weak points and resolving any issues. And criminals are getting more clever, even using online activity to find targets.

What are some basic steps you can take to make sure your Albuquerque home is secure?

  • Even if you’re home, lock windows and external doors when not in use.
  • Lock up your home, even if you go out only for a short time. Many burglars just walk in through an unlocked door or window.
  • If you lose your keys, change the locks immediately.
  • Don’t put an outdoor spare key in an obvious place like under a doormat or potted plant.
  • Keep a light on when you’re not home. This could signal to potential intruders that someone is inside the home, potentially deterring them from trying to break in.
  • Don't leave notes for service people or family members on the door. These act as a welcome mat for a burglar.
  • Keep items of value, like fine jewelry and gaming consoles, out of plain view as much as possible.
  • If you leave your home for an extended period of time, have a trusted friend or family member grab your mail while you’re away. You can also place a hold on your mail with the post office.

Technology Can Help

Of course, by now you've heard about smart home systems that can keep an eye on your home while you're away. You can start with a device as simple as a video doorbell, or up to camera alarms that are professionally monitored 24/7. Here's a few options:

  • Easy to install outdoor motion sensors. These range from $20 - $100.
  • Smart camera system to watch your home remotely through a phone app. These will alert you when they sense motion or someone trips a sensor.
  • Make sure to hide any wiring, as they can be cut and could disable your security system.
  • If you don't have the budget, even a fake security sign or sticker on the window can deter criminals.

How can you make sure your home is secure? You can plan to 'burglarize' your own home to discover any weaknesses in your security. The best way to protect your home from the outside is to survey it with the eyes of a burglar. If you can easily tell that a window could be pried open, a thief will definitely be able to come to the same conclusion. 

While you’re checking for vulnerable spots, take note of any expensive electronics, art, or furniture that is easily spotted through windows. You don’t have to redecorate your entire home to keep expensive items out of sight, but it doesn’t hurt to make small adjustments where you can.

If you follow these tips, you can help reduce the chances of your home being the target of criminal activity.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

How to Save Money on Your Kitchen Remodel

by Sandi Pressley

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

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

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

Choose mid-range efficient appliances 

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

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

Opt for affordable yet durable counter materials 

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

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

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

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

Go for a cosmetic upgrade instead of a whole cabinet replacement

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

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

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

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

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Dress Up Your Porch and Sell Your Albuquerque Home Faster

by Sandi Pressley

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

1. Plants in the Foreground

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

2. A Doormat

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

3. A Pair of Chairs

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

4. Thoughtful Color Coordination

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

5. A Fan

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

6. Outdoor Curtains

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

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

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

What Are E-Closings?

by Sandi Pressley

Back in the days before the coronavirus, closing on a home purchase in Albuquerque was an affair that included a bunch of people passing pens and paper around the table, exchanging handshakes. Today, that's a scene that evokes a bit of cringing. Times have changed, and so have the way we close on home purchases. Now, lenders use what are called e-closings to navigate social distancing guidelines.

An e-closing doesn't mean that the whole process is done online only. There is still some limited personal interaction. The interesting thing is that this new way of mortgage closing is likely to proceed faster than a traditional mortgage closing, and you’re probably going to be more well-informed about what’s happening each step of the way.

What is an e-closing?

An e-closing is a loan closing where at least one document is signed electronically. 

In the past, closing documents were paper and ink. Lately, this has been transitioning to include electronic methods. The most important documents, such as the promissory note, transfer deed and deed of trust or mortgage, are still signed with ink on paper. The less important documents, such as the Closing Disclosure and escrow disclosure, can signed electronically.

Not all e-closings are the same

There are three types of e-closings:

  1. Hybrid e-closing. The borrowers and notary meet in person, and they sign some documents digitally and they sign some documents traditionally. Most e-closings are of the hybrid type.
  2. In-person e-notarization, or IPEN. The borrower and notary public meet face to face. All the documents are digital and are signed electronically on a tablet or computer and digitally notarized.
  3. Remote online notarization, or RON. All documents are signed electronically, and the borrower and notary meet by webcam instead of in person. Not all states, including New Mexico, allow RON, but that list is shrinking, as more states are allowing this provision. 

What happens at an e-closing?

Simply put, you sign documents digitally at an e-closing. This may be done by typing your name, or by adding a snapshot of your signature by clicking a mouse or tapping a tablet.

A notary still must confirm your identity. This may be done in person or by an online meeting service. They may as you questions that only you would be able to answer, such as questions about your personal or credit history.

How e-closings benefit mortgage borrowers

The convenience of e-closings is quickly becoming apparent, as it allows borrowers to close from virtually anywhere in the world.

According to a study conducted in 2015 by the Consumer Financial Protection Bureau “to explore whether the use of e-closing technology combined with more time to review closing documents with embedded educational tools can help consumers navigate the closing process”, it was concluded that borrowers understood the closing process better. They got their disclosure documents earlier, giving them more time to review the paperwork. 

What mortgage lenders get out of e-closings

Lenders have much less paper to deal with on an e-closing. Plus, they can track electronic documents much more accurately. The process of closing is also faster.

Another benefit is that an electronic document can't be submitted without a signature. That's not the case with paper documents. On a paper document, a missing signature might not be detected immediately, causing headaches and delays.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Support Albuquerque Farmer's Markets

by Sandi Pressley

Albuquerque farmers and our local economy need your support! The farmer's markets in Albuquerque are offering their yield for 2020, but with a few changes to accommodate the COVID-19 restrictions. This year, you can take advantage of curbside "Farm to Car" pickup or drive through shopping. This is year has already taught us how to change with the times, and the local farmer's markets in Albuquerque are setting a great example of how to change. This is your opportunity to help our local farmers, as well as enjoy healthy and delicious local produce.

Downtown Growers' Market

(505) 252-2959

Offering pickup Saturdays 10am-1pm @ Fusion Theatre: 708 1st St. NW.

Rail Yards Market

777 1st St SW, Albuquerque, NM 87102 | (505) 600-1109

The Rail Yards Market is coming together in partnership with the Barelas Community Coalition and the City of Albuquerque to offer a pre-order & pick-up.

Sprouts Farmers Market

5600 Coors Blvd NW, Albuquerque, NM 87120 | (505) 355-3850

10701 Corrales Rd, Albuquerque, NM 87114 | (505) 890-7900

5112 Lomas Blvd NE, Albuquerque, NM 87110 | (505) 268-5127

Specialty chain offering a range of natural & organic grocery items. Offering curbside pickup at all locations.

Sichler Farms

820 San Mateo Blvd NE, Albuquerque, NM 87108 | (505) 255-3338

Shop online or call 505 255-3338 to order. Offering curbside pickup.

Corrales Growers Market

500 Jones Rd, Corrales, NM 87048 | (505) 898-6336

Drive through market open every Sunday from 9am - 12pm.

Pueblo Fruits Inc

3333 Los Arboles Ave NE, Albuquerque, NM 87107 | (505) 344-2554

Offering a small and large produce box at $19 and $25. Boxes can be picked up Thursday & Friday from 7am till 2pm & Saturdays from 7am till 11am.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Should You Downsize to a Smaller Home in Albuquerque?

by Sandi Pressley

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

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

Pro: You Can Make Money Selling Your Stuff

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

Con: Purging Can Be Exhausting

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

Pro: Live in a More Desirable Neighborhood in Albuquerque

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

Pro: Fewer Costs and Less Upkeep

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

Con: The Costs of Moving

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

Con: Less Space

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

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

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

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Photo of The Sandi Pressley Team Real Estate
The Sandi Pressley Team
Coldwell Banker Legacy
10400 Academy Rd. NE Suite 100
Albuquerque NM 87111
505-980-2999
505-263-2173 / 505 293-3700
Fax: 505-212-0729

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