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Mortgage Scams and How to Avoid Them

by Sandi Pressley

When you buy a home in Albuquerque, the last thing you need to worry about is being scammed. Yet, mortgage scams are an unfortunate reality that has victimized thousands of people. Over 11,000 people reported being scammed when financing a home in 2018 alone. And to make matters worse, scammers are getting more and more creative about how they steal your money. Scammers are also notoriously hard to catch, as many operate outside the country.

Here are two of the main ways that scammers have stolen money from home buyers and how you can protect yourself.

Escrow Wire Fraud

How it happens: Someone sends you an email claiming to be from your title or escrow company. The email contains instructions on where to wire funds. There will usually be a fake website that looks like the real website of your title or lending company. The scammers will use other tactics to deceive you, such as making phone numbers, websites and email addresses appear familiar, but one number or letter is off, which is an easy thing to miss at first glance.

You then follow the instructions and wire the money. Except in this case, the money goes to an offshore account, and the scammers have your money. At this point, there is almost nothing that can be done to get it back, since it's not on American soil.

How to protect yourself: Protecting yourself is simple. If you get any email with instructions on wiring money, ALWAYS call your real estate agent. Never click on email or text links, or send money online, without verifying wire instructions with a live person on the phone from a number that you’ve called and verified.

Also beware of any email or text that requests a change to wiring instructions you already were given. Always confirm the escrow account number before wiring money, and call your settlement agent to verify the transfer of the funds immediately after you’re done.

Loan flipping

How it happens: Loan flipping is when a predatory lender persuades a homeowner to refinance their mortgage repeatedly, often borrowing more money each time. The scammer charges high fees and points with each transaction, and homeowners get stuck with higher loan payments they can’t afford after being duped into borrowing most of their home’s equity.

Seniors with memory impairment are especially vulnerable to these scams because they have significant home equity and may not realize they’re being taken advantage of. Predatory lenders convince homeowners they can help them find a better loan product or use a cash-out refinance to pay for home renovations to make their homes more accessible as they age in place.

How to protect yourself: Elderly homeowners in Albuquerque who have cognitive issues should involve a trusted relative or friend in any key financial discussion, especially about tapping home equity. If you’ve recently completed mortgage refinance, it’s usually not in your best interest to do another transaction right away.

If predatory lenders are actively seeking you out and you haven’t requested their help, that’s another warning sign that something is off. Work only with known banks or lenders, and question all fees and penalties presented to you. Lenders are required to provide loan estimates and closing disclosures that list all fees and third-party costs, so make sure to review these documents carefully, or have a trusted adviser do this.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

St Patrick's Day Celebrations This Week in Albuquerque

by Sandi Pressley

Get ready to get your green on this weekend and have some good old Irish style fun in Albuquerque. There's a great selection of St Patrick's Day celebrations coming up this week. Here's a few of those events to put on your calendar.

St. Patrick's Day Party

Sun, Mar 15, 11 AM – 3 PM
The Banquet Rooms at ABQ PartySpace
300 Menaul Blvd NW #200, Albuquerque, NM

Our annual St. Pat's Party with Celtic harp, Irish sing along, Irish step dancers, pipers, the Duke City Ceili Band and Ceili dancing! Featuring corned beef and cabbage, Irish stew, soda bread and soft drinks. (Beer and wine available for purchase.) Limited seating: Get dinner tickets by March 11 at www,irishamericansociety-nm.com

St. Patrick's Day D&B Albuquerque

Tue, Mar 17, 7 – 10 PM
2100 Louisiana Blvd NE, Albuquerque, NM

On St. Patrick's Day, Dave and Buster's is the place to be! Have the classic Irish dish of corned beef and cabbage, green drinks, game cards and all the St. Patty's day accessories you could want.

St. Patrick's Day/Anniversary Celebration

Sat, Mar 14, 11 AM – 11 PM
Quarter Celtic Brewpub
1100 San Mateo Blvd NE, Albuquerque, NM

Join Quarter Celtic Brewpub for a full day of festivities. Bag pipers, live music, Celtic dancers, Celtic fare and plenty of beer!

St. Patrick’s Day Irish Music Session with Duke City Céilí Band

Tue, Mar 17, 2 – 4 PM
High and Dry Brewing
529 Adams St NE, Albuquerque, NM

Join High and Dry Brewing this St. Patrick’s Day for a live traditional Irish music session with the Duke City Céilí Band. This free event benefits Reading Works, a non-profit organization that helps adults gain the basic reading and literacy skills they need to succeed.

St. Patrick's Day Party

Tue, Mar 17, 3 – 4 PM
Kirtland Family Housing
1012 Golden Smoke Dr SE, Albuquerque, NM

Wear your green and join Kirtland Family Housing at the town center for some St. Patrick's Day fun. Make a craft, eat some yummy snacks, and enter your luck at the drawing for an exciting prize!

St. Patricks Day Blues & Jazz Benefit Concert

Tue, Mar 17, 4 – 8 PM
UNM Continuing Education
1634 University Blvd NE, Albuquerque, NM

This benefit concert is to raise money for the New Mexico Jazz Workshops present & future Youth Honor Jazz Band. Live event performances will include the guest of honor Doug Lawrence, a multi-Grammy award-winning saxophone artist with the Count Basie Orchestra. Special guest performances by local sensations Hillary Smith and Wendy Beach. Also a host performance by Joey C & The Jazz All-Stars.

Have a Safe and Happy St. Patrick's Day!

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

HOT HOME LISTING OF THE WEEK!

2319 PENN Avenue SE, Albuquerque, NM 87106  $269,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1938 Square Feet

Across from the park! Covered front porch! Beautiful 3BDR/2BA, approx 1930sf Pulte home featuring open floor plan with great room, kitchen, dining & side patio access for entertaining family and friends! Great room features gas fireplace and raised ceiling! Kitchen has granite countertops, decorative backsplash, island, walk-in pantry & tile flooring. All appliances stay! Master suite features oversized shower, dual sink vanity, tile flooring, walk-in closet, linen closet and side patio access! Great location across from Portrait Park and close to Netflix, Alb Studios, shopping, restaurants, Sunport Intll Airport, Kirtland AFB, Downtown and Uptown!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Removing Old Wallpaper Will Help Sell Your Home Faster

by Sandi Pressley

Let's admit it: wallpaper is not the current trend in home design. So if you decide to sell your home in Albuquerque and there's wallpaper on the walls, you will need to get rid of it. Most buyers will find your wallpaper to dated and undesirable. Leaving wallpaper on the walls will certainly hinder your chances of selling your home.

But the good news is that removing old wallpaper is not as hard as you may think. Here is how you can remove wallpaper and make your home ready to sell.

Clear and Prepare the Room

Begin by removing items from the walls and moving furniture to the center of the room, or out of the room if possible. Cover floors and remaining furniture with drop cloths to protect them from getting wet.

Cut the Power

Shut off the electricity to the room and cover any outlets or light switches with painter’s tape.

Determine Your Wall and Wallpaper Type

Before you start peeling off your wallpaper, you need to figure out if your walls are plater or drywall. If drywall gets too wet, it can be damaged, so you have to be careful not to soak it too much.

You also need to figure out what type of wallpaper you have. Loosen a corner with aputty knife and try to peel it off. If it easily comes off, you just lucked out and have strippable wallpaper. If it peels off but leaves a paper backing, it's peelable wallpaper. If the walpaper doesn't budge, it's traditional and needs to be removed with water and chemical stripper.

Here's how to remove each type.

How to Remove Strippable Wallpaper

1. Gather your Materials

  • Putty Knife
  • Soap
  • Water
  • Rags

2. Loosen the Corner and Pull

Use your putty knife to lift the corner of the paper. Use your hands to peel the paper from the wall, pulling as close to the wall as you can to avoid tearing the paper. If the paper does rip, loosen another corner and start again. Repeat the process around the entire room.

3. Clean the Walls

Once all the paper has been removed, clean the walls with soap and water to remove any residue. Allow the walls to dry completely before painting.

How to Remove Traditional Wallpaper

1. Gather your Materials

  • Water
  • Wallpaper stripper
  • Spray bottle, garden sprayer, or paint roller
  • Putty knife
  • Scoring tool (if necessary)
  • Ladder
  • Soap
  • Water
  • Rags
  • Rubber gloves

2. Mix the Solution

Combine hot water and wallpaper stripper according to the manufacturer's instructions. Pour the solution into a spray bottle or garden sprayer.

3. Apply Solution

Use a spray bottle, garden sprayer, or paint roller to apply the solution to a small section of the wall, about 3’x3’. Let the solution sit and absorb for several minutes.

4. Scrape the Wallpaper Off

Use your putty knife to peel off the wallpaper, working your way up the wall. Be careful not to gouge the drywall as you scrape. Once the paper has been removed from the section, move on to the next area.

5. Score if Necessary

If the solution doesn’t absorb and the wallpaper is difficult to scrape, you may need to score the wall before applying the solution. Roll a scoring tool over the paper, making overlapping circles.

6. Clean the Walls

Wipe down the walls with soap and water to remove any residue. If there’s stubborn adhesive left behind, follow our guide on how to remove wallpaper glue.

How to Remove Peelable Wallpaper

1. Gather your Materials

  • Water
  • Wallpaper stripper
  • Spray bottle, garden sprayer or paint roller
  • Putty knife
  • Scoring tool (if necessary)
  • Ladder
  • Soap
  • Water
  • Rags
  • Rubber gloves

2. Remove the Top Layer

Begin by peeling off the top layer of the wallpaper. Loosen the corner with a putty knife and pull the paper off the paper backing.

3. Remove the Backing

To remove the paper layer left behind, you’ll use the technique described above for removing traditional wallpaper.

How to Remove Wallpaper When Nothing Else Works: Grab a Steamer

If your wallpaper refuses to budge no matter how much you spray and scrape, you may need to use an electric steamer, which can be rented from a home improvement store.

1. Gather your Materials

  • Electric steamer
  • Putty knife
  • Safety goggles
  • Rubber gloves
  • Scoring tool (if necessary)
  • Soap
  • Water
  • Rags

2. Set Up the Steamer

Follow the manufacturer’s directions to prepare the steamer. You’ll add water to the steamer and let it heat up before beginning. Be sure to wear protective gloves and long sleeves so you don’t get burned by the steam or drips of hot water.

3. Steam the Wallpaper

Hold the steamer to the wallpaper to loosen the adhesive. If you have drywall, be careful not to oversteam. Scrape the wallpaper off with a putty knife. If the steam doesn’t penetrate the wallpaper, use a scoring tool to make small holes in the paper. Continue the process of steaming and scraping until all the wallpaper is removed.

4. Clean the Walls

Clean off any residue with soap and water. Allow the walls to dry completely.

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

HOT HOME LISTING OF THE WEEK!

1690 Camino Corona SW, Los Lunas, NM 87031  $250,000

3 Bedrooms / 2 Bathrooms (2 full, 0 half) / 1817 Square Feet

Beautifully maintained home in Rancho Valencia. This 3 bedroom and 2 full bath floorplan boasts an open concept with tile throughout common areas, great for entertaining! Master bedroom is separated for added privacy with nice master suite and walk in closet. Enjoy sunrise and mountain views on this premium lot from your covered patio, yard fully xeriscaped with bubble drip system for ultimate ease. Close access to shopping and freeway with easy commute to Albuquerque. Come see this home today!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

How Home Seller Disclosure Laws Work in New Mexico

by Sandi Pressley

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

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

Disclosure Laws in New Mexico for Home Sellers

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

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

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

What Are Your Rights as a Home Buyer in Albuquerque?

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

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

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

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

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

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

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Cap Off the Month With These Fun Events in Albuquerque

by Sandi Pressley

The weather is getting warmer here in Albuquerque, which makes this week perfect for events coming up this week. You can test your tolerance for spicy foods, spend the day at the meuseum for free, visit polar bears, and search for gold and treasure. 

Round out the month of February with these fun events in Albuquerque:

32nd National Fiery Foods and Barbecue Show

Feb 28 - March 1, 11 AM
Sandia Resort & Casino | 30 Rainbow Rd, Albuquerque, NM

This will litterally be the hottest even in Albuquerque this week. The National Fiery Foods and Barbecue Show is the "largest and most visited show about spicy foods and barbecue in the world" where you'll find virtually any hot sauce and BBQ flavors imaginable.

FREE Admission to the Albuquerque Museum

Sun, Mar 1, 9 AM – 1 PM
Albuquerque Museum | 2000 Mountain Rd NW, Albuquerque, NM

Come to the Albuquerque Museum on Sunday and get in FREE! Free admission is only for the general museum, not special exibits or events.

Albuquerque Gold & Treasure Show

Sat, Feb 29, 10 AM – Sun, Mar 1, 4 PM
Expo New Mexico | 300 San Pedro Dr NE, Albuquerque, NM

Get ready to strike it rich at the GPAA Gold & Treasure Show at EXPO NM. With more than 33 ounces of gold to pan for, $110,000 in prizes including prospecting trips and equipment, several-dozen vendors, new equipment releases, local prospecting clubs and top-notch seminars from industry leaders.

Spiders' Market 2020

Thu, Feb 27 – Sat, Feb 29, 9:00 AM to 5:00 PM
Albuquerque Garden Center | 10120 Lomas Blvd NE, Albuquerque, NM

Fiber Arts sale and Silent Auction in aid of: "Healthcare for the Homeless. Admission is Free.

International Polar Bear Day in Albuquerque

Thu, Feb 27, 12 AM
ABQ BioPark - Zoo | 903 10th St SW, Albuquerque, NM

Bring the family to visit polar bear brothers Koluk and Kiska during International Polar Bear Day. The event will include a keeper talk at 11 a.m. and a polar bear feeding following the talk around 11:30 a.m.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Maintenance Tips to Help Sell Your Home Faster in Albuquerque

by Sandi Pressley

If you own a home in Albuquerque, at some point you will probably decide to sell your home. No matter when that time may come, it's important to keep your home maintained to make sure it remains in good condition. Good maintenance habits are not something you can just start at the last-minute before you sell your home, they are something you should start now.

What are some of the most important home maintenance habits to get into?

Maintain Your Filters

If you have an AC system, it's important to keep up with changing the filters. When your filters are clogged, your system has to work harder to push air through the house, and this causes more wear on the system over time.

When buying a filter, pay attention to the rating of the filter you are using, as some are rated to last longer and need replacing less frequently.

Inspect and Clean Your Furnace or Boiler

Along with changing filters in your cooling system, it's also important to keep your heating and cooling system itself clean. Dust and condensation can build up over time, leading to degradation of the unit. Maintaining your cooling and heating system can extend its lifespan by years.

Check Your Water Heater

Water heaters are the unsung heros of home life. We just expect them to work forever unchecked. Then when they go out, it's time to panic.

As you no doubt guessed, you can save yourself some grief and get more life from your water heater with some simple maintenance. It's recommended that you check your water heater every year for issues.

Seals can fail and drains can clog, especially if you have hard water. If you notice even a minor leak or scale build up, have a plumber or water heater repair company take a look to make sure there isn't a bigger issue that could lead to a flooded basement.

Check Your Toilets and Faucets

Your toilets and sinks will be inspected when you sell your home, so make you inspect the plumbing fixtures every six months. If you do find any leaks, you can replace the faulty seal yourself. If the leak ends up being larger, then you may need professional help.

Vacuum Refrigerator Condenser Coils

Refrigerators are another appliance that most people don't think about checking. But the condenser coils on the back can collect dust, and this can affect performance. 

All you need to do is pull the fridge out and clean off the dust. Then you can also take the opportunity to clean behind it and the floor where it sits.

Clean Your Exhaust Hood

Exhaust hoods can get quite dirty, especially if you love to cook. That grease and grime can lead to a fire hazard, so you should make a habit of cleaning it and replacing the filter if it has one.

These are just a few of the things in your home you should keep maintained and in good order before you sell your home in Albuquerque. Visit our blog regularly for more real estate advice and tips on how to sell your home faster and for more money in Albuquerque.

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

HOT HOME LISTING OF THE WEEK!

1004 El Paseo Street NW, Rio Rancho, NM 87144  $215,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2053 Square Feet

Camino Crossing! 4BDR/2.5BA/2CG. Light, bright & open! REFRIGERATED AIR & SOLAR PANELS! Huge great room opens for entertaining to the kitchen with breakfast nook, pantry, gas stove, tile flooring, granite countertops & beautiful cabinetry! Large secondary bedrooms and laundry room upstairs for convenience. Master suite features a garden tub, separate shower, dual sink vanity & walk-in closet! Gardener? Enjoy the established outdoor garden with fruit trees of Apple, Peach, Nectarine, Fig, Plum, Pear, Asian Pear, Jasmine among lots of other vegetables!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Rising Home Prices in Albuquerque Benefit Home Sellers

by Sandi Pressley

If you plan to sell your home in Albuquerque, there's good news. Home prices are increasing, not only in Albuquerque, but in 94% of the major metro areas in America. Here in Albuquerque in the fourth quarter, appreciation climbed by 11%. This was higher than the average gain of 6.6% for the rest of the nation during that same period.

According to a report by the NAR, home buyers in general could more easily afford a mortgage due to lower mortgage rates, which on average was 3.76% for a 30-year fixed mortgage. When you combine those two factors, that means that more home buyers can afford to buy a home, even though prices are appreciating. That's a great combination for home sellers in Albuquerque!

First-time home buyers also have good news, as they also saw an expansion in affordability last quarter, according to the same report. The average monthly mortgage payment for first time buyers went down to $1,006, provided they had a 10% down payment.

The Albuquerque housing market forecast ending with the 3rd Quarter of 2021 is also positive. LittleBigHomes.com estimates that the probability for rising home prices in Albuquerque, NM is 82% during this period. If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 4th Quarter of 2019.

The bottom line is that if you plan to sell your home in Albuquerque, now is as good of a time as any. But if you're not ready to sell, there's also a good chance that your home's value will continue to increase over the next couple of years, if predictions hold true. 

What about buying a home in Albuquerque? This is also a great time for Albuquerque home buyers, as this is a good time to buy a home before prices increase. Again, if prices continue to increase, that means your home equity will increase as well.

If you're thinking about buying or selling a home in Albuquerque, call Sandi Pressley and her team today. Their unmatched knowledge of the Albuquerque real estate market will help you benefit from this current market trend, and to make a solid investment to benefit from the growing Albuquerque real estate market.

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

HOT HOME LISTING OF THE WEEK!

100 BROADWAY Boulevard NE, Albuquerque, NM 87102  $150,000

1 Bedrooms / 1 Bathrooms (1 full, 0 half) / 730 Square Feet

Urban Living at it's finest! Loft is located in the historic Classroom Building(built in 1935) of the old Albuquerque High School. Large west facing windows flood the loft with natural sunlight. Original wood floors. Kitchen Island, all appliances convey. Open floorplan, 14 foot ceilings, original chalkboard. Full bath. 3 Lockers for storage. Laundry and elevator in building.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

The Luxury Golf Lifestyle Awaits You in Albuquerque

by Sandi Pressley

If you plan to buy a home in Albuquerque and want to live the ultimate golf lifestyle, you'll love the homes for sale near Albuquerque's best golf courses. The golf clubs and courses in Albuquerque are some of the best in the nation, offering challenging greens to satisify the most avid golfer.

And as you can imagine, the homes in Albuquerque's golf course luxury communities have everything a person could want to get the most from the Albuquerque golf lifestyle.

Here's a few of the top golf courses located in Albuquerque, along with links to find your dream golf course home.

Tanoan Country Club

This stunning golf course features 27 holes, upscale dining and recreational amenities set against the beautiful backdrop of the Sandia Mountains. In addition to challenging courses, you can make good use of the 14 tennis courts, Junior Olympic-size swimming pool, toddler pool and diving tank, and a gorgeous clubhouse that serves as a welcoming centerpiece for member dining, hospitality and socializing.

Find Homes for Sale Near Tanoan Country Club

Sandia Golf Club

This Par 72 Championship Course features 7,752 yards of challenging greens. There's also a full size practice range with a double-tiered teeing area, a 10,000 square foot practice putting green, a practice chipping green with bunker, and a putting green to keep your golfing skills sharp. And after a full round of golf, you can relax and enjoy great food at the Pueblo style Sandia Golf Course Grill.

Find Homes for Sale Near Sandia Golf Club

Puerto del Sol Golf Course

Puerto del Sol is the only lighted golf course in Albuquerque's and features a lighted driving range. This outstanding 9-hole course includes ample greens and tree-lined fairways to keep your game challenging.

Find Homes for Sale Near Puerto del Sol Golf Course

The Canyon Club at Four Hills

Featuring an 18-hole championship golf course, the Canyon Club is situated between the Sandia Mountains to the east and the Rio Grande River valley, offering a stunning scenic backdrop. They also offer several sessions of junior golf camp throughout the summer so the whole family can enjoy the game. The Rio Grande Ballroom is the perfect setting for weddings and events.

Find Homes for Sale Near The Canyon Club at Four Hills

Arroyo Del Oso Golf Course

Nestled in Bear Canyon Arroyo, this 27-hole Northeast Albuquerque course is noted for its interesting topography and a course that's suited well for intermediate to advanced golfers.

Find Homes for Sale Near Arroyo Del Oso Golf Course

Of course, there are other fine homes for sale near the many spectacular golf courses and clubs in Albuquerque. Contact us today to help you find the perfect golf course home for sale today.

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

HOT HOME LISTING OF THE WEEK!

100 BROADWAY Boulevard NE, Albuquerque, NM 87102  $150,000

1 Bedrooms / 1 Bathrooms (1 full, 0 half) / 730 Square Feet

Urban Living at it's finest! Loft is located in the historic Classroom Building(built in 1935) of the old Albuquerque High School. Large west facing windows flood the loft with natural sunlight. Original wood floors. Kitchen Island, all appliances convey. Open floorplan, 14 foot ceilings, original chalkboard. Full bath. 3 Lockers for storage. Laundry and elevator in building.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Should You Co-Sign For a Home Loan?

by Sandi Pressley

Have you been asked by a close family member of friend to co-sign on a mortgage for a home in Albuquerque? If you decide to be a co-signer, that's a great way of helping someone get into their first home. But there are some things about co-signing that you should consider before you proceed.

One of the most important things to think about is if the person you co-signed for defaults on the loan. The point of co-signing is that there will be a backup if the primary loan holder defaults on the loan. Payments can be up to 60 days late before a lender forecloses on the property. As the co-signer, you won't typically know about late payments until things get bad. A good idea to avoid surprises is to get copies of the monthly statements and monitor them.

Your credit score is another factor in co-signing. The payments made by the primary loan signer actually show up on your credit report as if you made them. That's a good thing if those payments are timely. But as you can guess, if those payments are late or default, then this will affect your credit adversely.

Co-signing on a loan also affects your credit balance. The new payment, even though it's being made by the primary signer, will still be adding to your own debt. So if you plan on buying a home in Albuquerque yourself any time soon, you need to factor in the debt amount added by co-signing on another home as it could keep you getting approved for your own home mortgage.

As you can see, there are certain risks involved when co-signing a mortgage. What's a good way to help someone buy their first home in Albuquerque without co-signing?

If you have enough cash on hand, you can offer to help gifting the money toward the home purchase. This will lower the amount they need to get the mortgage for, and make it easier for them to qualify. Gifting money also means you aren't attached to a loan for decades, possibly affecting your credit for all that time.

Another point to consider about co-signing us that it won't help if either of you have bad credit. Lenders usually use the lowest credit score of all the borrowers. That means if you have a high credit score, it won't help the primary borrower if they have a bad score.

Co-signing on a loan to help someone buy a home in Albuquerque can be a good thing, as long as you weigh the risks with the benefits.

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

HOT HOME LISTING OF THE WEEK!

4809 MI CORDELIA Drive NW, Albuquerque, NM  $465,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2765 Square Feet

This spectacular Scott Patrick, updated one-story home is perched high in the desired Andalucia De La Luz community with park & walking trails. This spacious home has soaring ceilings, light filled rooms, a curved wall of windows providing sweeping views of the Sandias, & amazing Sunsets. Beautifully renovated Gourmet kitchen opens to a spacious dining & family rooms. This flowing floorplan is wonderful for entertaining. 4 spacious bdrms or 3bdrm plus an office. Luscious master suite with oversized dream custom closet. The landscaped private courtyard offers more views of the Sandias. Features include gas log fireplace, skylights, generous storage thru-out, good sized laundry room. Convenient access to Coors, Montano, I40 & Cottonwood. Curtains, Ring alarm system & camaras do not convey.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

You'll Love These Valentine's Events Coming Up in Albuquerque

by Sandi Pressley

Valentine's Day is just over a week away, so now is the time to make sure you make plans to make it a special day with that special someone in Albuquerque. The Valentine's Day fun starts this week in Albuquerque, with something to please any couple. So make sure to take note of these upcoming Valentine's Day events in Albuquerque and make this a holiday to remember.

That's A Moray! Adults-Only Valentine's Day Dinner & Tour

Fri, Feb 14, 6 PM MST

In 10 Days

ABQ BioPark Aquarium

2601 Central Ave NW, Albuquerque, NM

Fri, Feb 14, 6 PM
ABQ BioPark Aquarium | 2601 Central Ave NW, Albuquerque, NM

Bring your date for a special adults-only dinner and tour at the ABQ BioPark Aquarium. Tickets include admission, a three course meal and a guided tour of the aquarium discussing the romantic rituals of aquatic animals. Now that's a Moray!

Valentine's Day Dinner

Fri, Feb 14 – Sat, Feb 15
Turquoise Museum | 400 2nd St SW, Albuquerque, NM

What better venue to take your sweetheart to than the only castle in Albuquerque - The Turquoise Museum. Between 6pm and 7pm, you and your date can tour around the museum and experience the exhibits as they highlight the uniqueness of turquoise. At 7pm you will enjoy a deliciously prepared candlelight dinner from The Cooperage, serenaded by live music. A truly romantic experience awaits.

Valentine’s Day Sweets & Treats

Sat, Feb 8, 11 AM – 2 PM 
Cost Plus World Market | 3601 Old Airport Ave NW Suite B, Albuquerque, NM

Sample chocolate, berries, candies and bubblies, each one perfect for a romantic rendezvous, a quiet night in or a Galentine’s Day getaway. Plus, they'll share a unique recipe for a Valentine’s Day dessert everyone will love.

My Furry Valentine Pet Photos

Sun, Feb 9, 11 AM – 4 PM
Boofy's Best for Pets | 8201 Golf Course Rd NW C-2, Albuquerque, NM

All critters deserve to be loved, especially on Valentine's Day. Stop by for pet photos starring your furry sweetheart benefiting F.A.T. Katz. Any and all well-behaved pets and humans are welcome. $10

Valentine's Day D&B Albuquerque

Fri, Feb 14, 5 PM – Sat, Feb 15, 12 AM
Dave & Buster's | 2100 Louisiana Blvd NE, Albuquerque, NM

Bring your special someone out to Dave and Buster's for their Valentine's Day Special! Each couple will receive 1 appetizer, 2 entrees and 1 dessert, all of their choice, for the ultimate 3 course meal. You will also receive a free $20 power card to play games together. You can also add on 2 premium drink tickets.

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

HOT HOME LISTING OF THE WEEK!

4809 MI CORDELIA Drive NW, Albuquerque, NM  $465,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2765 Square Feet

This spectacular Scott Patrick, updated one-story home is perched high in the desired Andalucia De La Luz community with park & walking trails. This spacious home has soaring ceilings, light filled rooms, a curved wall of windows providing sweeping views of the Sandias, & amazing Sunsets. Beautifully renovated Gourmet kitchen opens to a spacious dining & family rooms. This flowing floorplan is wonderful for entertaining. 4 spacious bdrms or 3bdrm plus an office. Luscious master suite with oversized dream custom closet. The landscaped private courtyard offers more views of the Sandias. Features include gas log fireplace, skylights, generous storage thru-out, good sized laundry room. Convenient access to Coors, Montano, I40 & Cottonwood. Curtains, Ring alarm system & camaras do not convey.

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