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The Top Neighborhoods in Albuquerque to Buy a Home

by Sandi Pressley

Albuquerque definitely offers many great reasons to buy a home here. It's one of the most beautiful and historic cities in the Southwest. There are a wide range of amenities and top rated education that make Albuquerque a perfect place to raise a family. And the scenery here is simply breathtaking.

But what about the neighborhoods in Albuquerque? There are many outstanding neighborhoods in Albuquerque that offer their own unique features and benefits. Here's a list of some of the best neighborhoods in Albuquerque.

1. Heritage East

Heritage East is not only one of the largest neighborhoods in Albuquerque, but one of the safest places to live in New Mexico. This safety record is due to 24/7 security patrols and controlled access points. This makes Heritage East an ideal place to raise a family.

Find Homes for Sale in Heritage East

2. Vista Del Mundo

With a low crime rate of 2,532 crimes per 100k people, Vista Del Mundo is also one of the safest communities in Albuquerque. Residents enjoy a quiet neighborhood with great local amenities and outstanding schools.

Find Homes for Sale in Vista Del Mundo

3. Tanoan East

Another safe community in Albuquerque is Tanoan East, featuring top-notch gated neighborhoods. The total crime estimate for this area is 2,552, which is lower than Albuquerque’s 7,973 per 100k people, making it perfect for families and mature home buyers alike.

Find Homes for Sale in Tanoan East

4. Lousiana and Indian School

The neighborhood in the area of Louisiana and Indian School is only a few miles from downtown Albuquerque, making it a great mix of business and residential areas. This area also features a low crime rate.

Find Homes for Sale in Lousiana and Indian School

5. North Valley

North Valley is a neighborhood that gives you a more country setting, with large homes, farm fields, horse stables and middle-class families. It follows the path of the Rio Grande, and is a lush are with beautiful cottonwood trees and vineyards. North Valley is also one of the safest communities in Albuquerque.

Find Homes for Sale in North Valley

6. Peppertree-Royal Oak

Peppertree-Royal Oak is also a safe neighborhood and a great place for raising a family. The area is 78% safer than all cities in New Mexico. Peppertree-Royal Oak is only a few minutes away from Albuquerque. The neighborhood offers numerous activities and amenities that your family can enjoy.

Find Homes for Sale in Peppertree-Royal Oak

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!

5910 HANNETT Avenue NE, Albuquerque, NM 87110  $208,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1885 Square Feet

Terrific location close to Uptown, shopping, dining, parks, UNM! 3BDR/2BA/1CG! Versatile floor plan with 3 living spaces; combined living & dining space, separate hobby/office/bdr, plus large family room/den with cozy wood fireplace. NEW ROOF (2017-1018) Updated furnace (2017) Newer water heater! Lots of light, skylights, ceiling fans, separate utility room! Kitchen features new gas stove, lots of cabinets, tile floor, breakfast bar and is open to the dining room. Outdoor living space with covered patio and walled for privacy and storage shed.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Check Out 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.

6038 DEL CAMPO Place NE, Albuquerque, NM 87109

$159,000

Lovingly tended and cared for charming townhouse! Courtyard with gate for privacy. New furnace and refrigerated air unit. New carpet and tile in bathrooms! Large living area with lots of natural light. Backyard has covered and open patio. New Roof 2019, HOA Covers Exterior of Residence- Roof, Stucco, Pool, Club house Etc!

Learn More!

11705 Golden Gate Court NE, Albuquerque, NM 87111

$250,000

Outstanding 3bdr, one level, Double Brick, Holiday Park Custom Ranch Home! Tremendous functional floorplan! Brand new appliances in the kitchen. Kitchen opens to the family room with cozy gas fireplace. Pride of ownership shows throughout this home!! Front yard features a convenient circular driveway. Two large lovely covered patios in the big backyard. Desirable location, NE Heights comfort and convenience located close to schools, medical, shopping, gym, restaurants Labs & KAFB. Come see this classic well maintained home today!

Learn More!

1240 Blanca Avenue NW, Los Lunas, NM 87031

$450,000

Beautiful custom home located in a cul-de-sac and short commute to Albuquerque. Enjoy the large backyard on your covered patio with a built-in surround system and open space behind for added privacy. The foyer with high ceilings makes for a grand entrance. Step into the stunning kitchen with custom cabinets and granite countertops that opens up to the living room. The bonus room downstairs could be an in-law suite with a private bath across the hall or a fourth bedroom. The decorative over-sized wooden staircase leads to the 2 additional bedrooms and master suite with balcony. Entertain family and friends at this beautiful home.

Learn More!

1016 SARATOGA Drive NE, Rio Rancho, NM 87144

$549,000

Enjoy Grand Views of Sandia Mountains from the Belvedere. Breathtaking setting for this European flair home perched on elevated lot landscaped, w/ grapevines, fruit trees, grass, fountain, a walk path around the property. Courtyard entry, Inviting foyer curved archways, opens to expansive great room w/ Soaring ceilings, Light filled gourmet kitchen, w/center island & gas cooktop, double ovens, ample cabinets and counters, 2 pantries, an breakfast nook that looks onto the outdoor east facing pavilion. Private Owner's suite, features European style WC, jetted bath, separate shower and dual vanities. walk in closet and a bonus/flex room & laundry rm. 3 more spacious bdrms. Zoned radiant heat, entire property is gated, 4 cg/each oversized. circular driveway, backyard access w/ room for RV!

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.

Living in this time of uncharted waters can cause much anxiety, frustration and confusion. As a homeowner you may be concerned about the ability to pay your mortgage. According to Computershare Loan Services in the U.S., currently 8% of homeowners have filed for forbearance. Even if your current loan servicer offers forbearance under the CARES Act, much confusion still exists about the program requirements & impact.

Here’s what you need to know:

Forbearance does not mean Forgiveness

This program was initially offered for 90 days for those impacted by COVID 19 for financial hardship but can be extended up to 1 year. However, once the forbearance period is over, the amount will need to be repaid. Meaning it is not forgiven. Options for repayment are being reviewed at this time for all mortgage lenders. The FHFA issued a statement today that mortgages serviced under Fannie Mae & Freddie Mac will not have a lump sum due at the end of the forbearance- but that only covers mortgage loans held by Fannie Mae & Freddie Mac. It is critically important that you discuss these terms with the servicer of your mortgage so you will not be in an even more difficult situation following the forbearance.

The statements below are directly from Freddie Mac (mortgagenewsdaily.com)

“Homeowners with a hardship can have up to 12 months of forbearance although servicers will typically start with a shorter timeframe, reassessing it over time. Once the hardship has been resolved the homeowners will have the following options.

  • Full repayment or reinstatement. Missed payments are repaid, putting the loan back on track

  • A repayment plan which allows borrowers to pay their regular monthly payments and an additional amount so they can catch up gradually.

  • Payment deferral or modification. This would keep the monthly payments as originally agreed. The missed payments are added to the end of the loan.

  • Loan modification. Changing the interest rate, loan term, or some other feature to lower the original payment amount.”

Will the forbearance impact my credit score?

In accordance with the CARES Act, a forbearance will not affect your credit score. However, any missed payments before the forbearance period, or an inability to repay the amount owed after the end of the forbearance, will negatively affect your credit score.

Can I refinance my loan after a forbearance?

While forbearance will not affect your credit score, the one little known fact that is extremely important is that it will affect your ability to refinance. Any two missed consecutive payments in a 12-month period will show a gap in your payment history…and this will affect the underwriting of the loan. Therefore, you would not qualify to refinance until after a 12-month period of timely payments has been established after the forbearance.

Will I be able to do a future home purchase after a forbearance?

Just as in the refinancing of a loan, your payment history will be affected and impact your ability to purchase a home after forbearance. The simple act of applying for forbearance, will be on your record and will prevent you from qualifying for a new mortgage- even if you decide not to go through with the forbearance and make all your monthly payments on time, the record will show the forbearance. Once the approved forbearance period is over, you will need to show 12- months of timely consecutive payments to eventually qualify for a new home mortgage.

What is the impact on Private Loans vs Government Secured Loans?

At this time approximately 30% of homeowners utilize private loans, which are NOT included in the CARES Act! All government secured loans are eligible. The option does exist for local governments to offer their borrowers payment suspensions. This, however, would be on a state to state basis and should be discussed with your lender.

If I start the forbearance process, can it be cancelled or reversed?

It is extremely important that you evaluate all aspects of the forbearance program and its affect on you prior to choosing the option. While you may be able to cancel your request and continue paying your mortgage monthly, the documentation to your credit file will be noted and will impact your refinancing and buying activity moving forward. With loan servicers inundated with calls and requests, getting personal assistance with removal of this from your record may prove to be difficult.

It is always recommended to speak with your servicing lender before making these decisions.

The bottom line is this: If you can afford to make your monthly mortgage payments, make them! This will ensure you have all options available to you in the future for refinance or purchase of a new property.

Here at the Sandi Pressley Team we have adapted and created successful virtual and high-tech tools that are allowing our clients to successfully buy and sell homes during this unique time.

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!

6038 DEL CAMPO Place NE, Albuquerque, NM 87109  $165,000

2 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1271 Square Feet

Lovingly tended and cared for charming townhouse! Courtyard with gate for privacy. New furnace and refrigerated air unit. New carpet and tile in bathrooms! Large living area with lots of natural light. Backyard has covered and open patio. New Roof 2019, HOA Covers Exterior of Residence- Roof, Stucco, Pool, Club house Etc!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Disclaimer: The information contained herein has been researched but is evolving on a daily basis. Each consumer should always do their own research and speak with their lender before making any decisions. Coldwell Banker Legacy/ Sandi Pressley, Inc/Sandi Pressley Team are not liable for the content contained in this blog.

Ideas to Make This a Mother's Day to Remember

by Sandi Pressley

Are you stuck thinking of ideas for Mother's Day this Sunday, May 10? The lockdown has made life a challenge, but don't worry, you can still share a special day with mom in Albuquerque. Here's a few ideas that will help you make this Mother's Day 2020 one to remember.

Share a meal

Sure, you can't eat in a restaurant right now, but many restaurants in Albuquerque are offering takeout or delivery. You can eat together in person if you live together, or set up a virtual meal through video conferencing. You can have the food delivered to you separately at about the same time to make sure your food is ready in both locations.

Enjoy nature together

The weather is going to be beautiful this Sunday, so why not sit together on the porch and just enjoy the fresh air. Poor some lemonade or wine, sit back, and relax.

Relax with casual activities

Another relaxing way to spend time together, virtually or in person, is to watch a favorite movie or TV show. Many major TV stations like ABCNBC, and CBS offer full episodes of their shows for free on their websites and through their apps.

You could also do a jigsaw puzzle, sudoku, or crossword puzzle together. If you’re not in the same household, it doesn’t have to be the same puzzle. The goal is to enjoy an activity together.

Bake or cook together

Why not spend the day baking or cooking a favorite dish or dessert? Depending on each of your abilities, one of you can prep for the other, or just be a taste-tester.

Relax with music

Another activity that can be enjoyed in person together or via video call or telephone is to listen to music together. If you both play the same song, you can listen or even sing along together. If one or both of you plays an instrument, you can pick a song or two to parter up on.

Whatever you do, make this Sunday a Mother's Day to remember. Your mom deserves it!

Happy Mother's 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.

HOT HOME LISTING OF THE WEEK!

6038 DEL CAMPO Place NE, Albuquerque, NM 87109  $165,000

2 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1271 Square Feet

Lovingly tended and cared for charming townhouse! Courtyard with gate for privacy. New furnace and refrigerated air unit. New carpet and tile in bathrooms! Large living area with lots of natural light. Backyard has covered and open patio. New Roof 2019, HOA Covers Exterior of Residence- Roof, Stucco, Pool, Club house Etc!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Is a Bidet Right for Your Albuqerque Home?

by Sandi Pressley

It goes without saying that this year will be remembered for decades, especially when we see a roll of toilet paper. The stunning suddenness of the lack of TP on the shelves has had many people in Albuquerque and around the nation looking for alternatives. One of the options that stands out is a device that's actually very popular around the world. The bidet.

As such, it's time to ask: Should America switch to using bidets?

What is a bidet?

Most of us who have lived in the US and never traveled around the world have probably never seen a bidet, let alone used one. But they are quite common in Asia and Europe. Simply defined, a bidet is a fixture that shoots a stream of water to take care of post-toilet personal hygiene.

How much do they cost?

As you might have guessed, the cost of a bidet varies quite a bit. You can get a basic standalone model for around $200. You can pay up to $1000 if you want to go all out, with features such as an automatic lid that opens and closes with the touch of a button, an LED nightlight, stainless steel nozzles that look prettier than plastic ones, and a heated seat.

There are other options to installing a standalone bidet that are more affordable. You can add a bidet attachment to your existing toilet, which is also faster to install. It's basically a little hose inside the toilet that shoots water where you need it. And you can install it yourself, saving even more money.

You can also go with an integrated toilet option, such as Toto's compact Washlet G500, which comes with a built-in deodorizer, sensor-activated lid opener, and hands-free automatic flusher. Or you can buy a bidet seat, which will convert your current toilet. With electronic models, the touch of a button extends a small nozzle beneath you that sprays a comfortable stream of warm, aerated water. When you’re done, the nozzle automatically cleans itself before retracting back into its sleeve.

Why are they so popular around the world?

There's some very good reasons why bidets are so popular around the world.

  • You save money

    We use a staggering 36 billion rolls of toilet paper per year in America. That adds up to a lot of money being litterally flushed down the toilet. The average US houseld spends hundreds of dollars each year. That's enough to buy a fairly decent bidet. You will still need to use some TP with a bidet, but it's just to pat yourself dry. So you're still saving a great deal of paper.

  • Environmentally friendly

    Using less toilet paper can only be a good thing for the environement. 36.8 billion rolls of toilet paper is roughly 15 million trees. Can you imagine the impact if just 50% of the population in this country switched to using bidets?  

  • It’s more hygienic

    We usually don't think about the fact that TP is bleached, which means you're rubbing chlorine and chemicals on yourself. Water is understandably cleaner and does a better job of cleaning.

  • It’s better for your plumbing and septic system

    No clogging up your system.

  • It can reduce health problems

    Toilet paper can aggravate constipation or hemorrhoids. And people with limited mobility may struggle on the toilet. A bidet with a built-in blow dryer may seem like a luxury, but may actually be a necessity for some.

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!

5910 HANNETT Avenue NE, Albuquerque, NM 87110  $208,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1885 Square Feet

Terrific location close to Uptown, shopping, dining, parks, UNM! 3BDR/2BA/1CG! Versatile floor plan with 3 living spaces; combined living & dining space, separate hobby/office/bdr, plus large family room/den with cozy wood fireplace. NEW ROOF (2017-1018) Updated furnace (2017) Newer water heater! Lots of light, skylights, ceiling fans, separate utility room! Kitchen features new gas stove, lots of cabinets, tile floor, breakfast bar and is open to the dining room. Outdoor living space with covered patio and walled for privacy and storage shed.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Support Albuquerque Restaurants and Enjoy Great Food

by Sandi Pressley

After about a month of staying at home in Albuquerque, you're probably aching for something new to put on the table. The good news is that many restaurants in Albuquerque are making the best of this situation by offering delivery and takeout options. That means that you can spend a little of yoru stimulous money on some of the best food in town, while helping support the local economy. Why not make tonight special by ordering a feast for your family from one of these fine Albuquerque restaurants?

JC New York Pizza – offering FREE delivery and carryout 
Address: 215 Central Ave NW, Albuquerque, NM 87102
Menu: Selflane.com
Phone: (505) 766-6973
Order: selflane.com

Japanese Kitchen Sushi Bar & Steakhouse – offering curbside pick up and delivery through Selflane. 
Address: 6511 Americas Pkwy, Albuquerque, NM 87110
Menu : Selflane.com
Phone: (505) 872-1166
Order: Selflane.com

Two Cranes Bistro and Brew – offering delivery through GrubHub, Selflane as well as curbside pick-up. Any order over $10 receives a free roll of toilet paper and you can buy 6 rolls for 4.50.
Located: 901 Rio Grande Boulevard Northwest Suite
Phone: (505) 295-3970
Order: grubhub.comseamless.comselflane.comdoordash.com

Filling Philly’s Downtown – offering delivery and carryout
Address: 301 Central Ave NW, Albuquerque, NM 87102
Menu: toasttab.com
Phone: (505) 208-0228
Order: ubereats.comtoasttab.comdoordash.com

Christi Maes – is offering curbside and take out
Address: 1400 San Pedro Dr NE, Albuquerque, NM 87110
Menu: christymaes.com
Phone: (505) 255-4740
Order: doordash.comseamless.comgrubhub.com

Cocina Azul – is offering delivery through Grubhub and carryout
Address: 5916 Holly Ave NE, Albuquerque, NM 87113
Menu: Cocina Azul Menu
Phone: (505) 831-4500
Order: grubhub.comseamless.comdoordash.com

Rio Bravo Brewing Company – open from 12-8 pm for to go (carryout and curbside delivery) orders as well as 6 Packs, Kegs and New Growler Fills
Address: 1912 2nd St NW, Albuquerque, NM 87102
Menu: riobravobrewing.com
Phone: (505) 900-3909

Monroes – open for carryout, delivery, and curbside. In addition, any purchase of 3 jars of Chile or $25 or more gift card gets you a free roll of toilet paper.
Address: 1025 4th St NW, Albuquerque, NM 87102
Menu: monroeschile.com
Phone: (505) 242-1111

Rock and Brews ABQ – offering carryout and delivery.
Address: 4800 Montgomery Blvd NE, Albuquerque, NM 87109
Phone: (505) 340-2953
Menu: rockandbrews.com

Yanni’s Modern Mediterranean -open for Grubhub and carryout
Address: 3109 Central Ave NE, Albuquerque, NM 87106
Menu: yannisabq.com
Phone: (505) 268-9250
Order: seamless.comgrubhub.com

Two Fools Tavern  doing to go from 11 a.m. to 8 p.m. People can call 505-265-7447
Address: 3211 Central Ave NE, Albuquerque, NM 87106
Menu: Two Fools Menu
Phone: (505) 265-7447

Frontier Restaurant – offering take-out orders placed in-store and orders placed over the phone.
Address: 2400 Central Ave SE, Albuquerque, NM 87106
Menu: Frontier Menu
Phone: (505) 266-0550

O’Hare’s Grille & Pub – carryout available
Address: 4100 Southern Blvd SE, Rio Rancho, NM 87124
Menu: O Hare’s Menu
Phone: (505) 896-0123
Order: doordash.com

El Patio – carryout and delivery
Address: 10500 4th St NW, Albuquerque, NM 87114
Menu: elpinto.com
Phone: (505) 898-1771

The Last Call – Carryout and delivery
Address: 420 Central Ave SW, Albuquerque, NM 87102
Menu: Last Call Menu
Phone: (505) 300-4911

Gino’s Pizza – carryout and delivery
Menu: ginosnystylepizza.com
Phone: (505) 883-6000
Order: ginosnystylepizza.comslicelife.comdoordash.comseamless.comeatstreet.com

Fork and Fig – carryout and delivery
6904 Menaul Blvd NE C, Albuquerque, NM 87110
Menu: Fork and Fig Menu
Phone: (505) 881-5293

Asian Pear – carryout available through phone
Address: 8101 San Pedro Dr NE d, Albuquerque, NM 87113
Menu: Asian Pear Menu
Order: doordash.com
Phone: (505) 766-9405

M’tuccis Italian Restaurant – carryout and delivery
Address: 6001 Winter Haven Rd NW M, Albuquerque, NM 87120
Menu: M’Tuccis Menu
Phone: (505) 503-7327

Five Star Burgers– carryout and delivery
Address: 5901 Wyoming Blvd NE, Albuquerque, NM 87109
Menu: Five Star Burger Menu
Phone: (505) 821-1909

Oak Tree Cafe – carryout and delivery
Address: 4545 Alameda Blvd NE, Albuquerque, NM 87117
Menu : Oak Tree Cafe Menu
Phone: (505) 830-2233

Desert Valley Brewing Company– open for carryout and local delivery
Address: 3700 Ellison Rd NW, Albuquerque, NM 87114
Menu: www.desertvalleybrewing.com/all-day-menu-1
Phone: (505) 899-8494
Order: doordash.com

Chile Chicken Nashville Hot Chicken– open for carryout and local delivery
Address: 3105 Eubank Blvd NE, Albuquerque, NM 87111
Phone: (505) 293-1700

La Reforma – open for carryout and delivery
Address: 8900 San Mateo Blvd NE suite i, Albuquerque, NM 87113
Menu: lareformabrewery.com
Phone: (505) 717-1361

Los Compadres Restaurant– open for carryout and delivery
Address: 2437 Central Ave NW, Albuquerque, NM 87104
Menu: compadresabq.com
Phone: (505) 452-8091
Order: grubhub.comseamless.comdoordash.com

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!

5910 HANNETT Avenue NE, Albuquerque, NM 87110  $208,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1885 Square Feet

Terrific location close to Uptown, shopping, dining, parks, UNM! 3BDR/2BA/1CG! Versatile floor plan with 3 living spaces; combined living & dining space, separate hobby/office/bdr, plus large family room/den with cozy wood fireplace. NEW ROOF (2017-1018) Updated furnace (2017) Newer water heater! Lots of light, skylights, ceiling fans, separate utility room! Kitchen features new gas stove, lots of cabinets, tile floor, breakfast bar and is open to the dining room. Outdoor living space with covered patio and walled for privacy and storage shed.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Is a Recession the Same as a Housing Crash?

by Sandi Pressley

Many people who plan to buy or sell a home in Albuquerque fear that as we head into a recession, that this will lead to a housing crash. But will that be the case with this recession? The thing to keep in mind is that a recession and a housing crash are two different things.

What is a recession?

The National Bureau of Economic Research defines a recession this way:

“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

The Coronavirus restrictions hit the American economy in March. According to Goldman Sachs, JP Morgan, and Morgan Stanley are all indicating that there will be a deep dive in the economy in the second quarter of this year. 

Does that mean we’re headed for another housing crash?

Home buyers and sellers in Albuquerque and around the nation fear that we're going to see a repeat of the housing crash that happened during the Great Recession of 2006-2008. Yet if we look at past recessions, we can see that most do not impact home values adversely.

Doug Brien, CEO of Mynd Property Management, explains:

“With the exception of two recessions, the Great Recession from 2007-2009, & the Gulf War recession from 1990-1991, no other recessions have impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.”

What are the experts saying this time?

This is what three economic leaders are saying about the housing connection to this recession:

Robert Dietz, Chief Economist with NAHB

“The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds – which it will at some stage – housing is set to help lead the way out.”

Ali Wolf, Chief Economist with Meyers Research

“Last time housing led the recession…This time it’s poised to bring us out. This is the Great Recession for leisure, hospitality, trade and transportation in that this recession will feel as bad as the Great Recession did to housing.”

John Burns, founder of John Burns Consulting, also had this to say, based on his firm's research:

“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices).”

What does all this mean for home buyers and sellers in Albuquerque? It means that if you had plans to buy or sell a home in Albuquerque before the pandemic, there's no reason to derail your plans. These are uncertain times for sure. The Sandi Pressley Team is adapting to these changing times and are ready to help you realize your real estate goals. Contact us today to see how we can help you continue on your plans to buy or sell a home in Albuquerque today.

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!

9214 REDMONT Road NE, Albuquerque, NM 87109  $435,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2695 Square Feet

This beautiful light filled Family Home in a fabulous NE Heights location has been meticulously maintained! Two living areas, cathedral ceilings, bright kitchen with large breakfast area, plenty of cabinets and a pantry. Kitchen is open to the family room. The master suite is spacious and truly a retreat. Enjoy the views from the balcony! Wonderful home and gorgeous landscaped yard for entertaining.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Moving Safely During the Coronavirus Pandemic

by Sandi Pressley

Moving into a new home in Albuquerque may have seemed like a daunting task before the COVID-19 pandemic. But now we have to take extra steps to make sure we stay safe and protect others as well when moving into a new home. 

If you can postpone your move, that would be ideal. But you may not have that luxury. And if you can move without a moving company, that's also ideal. But if you do need to hire movers, what steps can you take to move safely during this pandemic and protect everyone involved?

Before the Move

Contact your movers

Talk to your moving company about the safeguards they are implementing and best practices for moving day. Make sure you're both on the same page so that the move goes mor smoothly.

Buy all of your supplies in one go

You will want to limit how many times you go out to get supplies and how many stores you go to. Try your best to plan for what you need and get it all in one trip. You can use this packing calculator to get an estimate of what you’ll need based on the number of rooms and people in your house. Buy extra if in doubt.

Clean as you pack

Cleaning items before you pack has the dual effect of protecting yourself and others, as well as making less work when you unpack in your new home. Use disinfectant, and if you don't have any, make your own with a solution of one tablespoon bleach to one gallon water.

Finish packing at least 24 hours before the movers arrive

Coronovirus can last up to 24 hours on cardboard boxes. Even though your movers will be wearing gloves, it's an extra precaution to take to finish packing 24 hours ahead of the move and leave boxes untouched.

During the Move

Let your mover know right away if you or anyone in your family is experiencing coronavirus symptoms. 

Letting you movers know that someone is experiencing coronavirus symptoms won't necessarily cancel the move. But it will give your moving company the opportunity to put additional protocols into place to protect their workers. Also let them know if you or a family member are isolating due to exposure, as the same protocols will apply.

Provide hygiene products for your movers. 

Your moving company will most likely have all the hygien products the movers will need. But it won't hurt for you to have extra products on hand just in case, such as soap and paper towels by the sink, and hand sanitizer by the door. 

Don’t use free or recycled moving boxes. 

The virus can live on cardboard for as long as 24 hours, so picking up used boxes from stores or other sources outside your home is not a good idea. Your moving company may be able to provide new boxes, or you can purchase them yourself.

Postpone or cancel your move if you're high risk. 

If you are over 60 or have a pre-existing respiratory and cardiovascular condition, you should reconsider moving if at all possible. 

If traveling for your move, plan accordingly. 

Need to book flights or hotels for your move? Make refundable reservations and/or only work with companies that offer free cancellations. Ask about cancellation policies before you book so that you don’t end up wasting money later on.

Above all, use common sense when you move and stay safe.

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!

9214 REDMONT Road NE, Albuquerque, NM 87109  $435,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2695 Square Feet

This beautiful light filled Family Home in a fabulous NE Heights location has been meticulously maintained! Two living areas, cathedral ceilings, bright kitchen with large breakfast area, plenty of cabinets and a pantry. Kitchen is open to the family room. The master suite is spacious and truly a retreat. Enjoy the views from the balcony! Wonderful home and gorgeous landscaped yard for entertaining.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Why You Should Work With an Agent in Albuquerque

by Sandi Pressley

"I don't need to hire an agent. Why should I pay extra?" This is a statement many home buyers and sellers in Albuquerque have said over the years. Despite the fact that most people have no idea how to buy or sell a home by themselves, some still decide to take on the process on their own, without professional help.

You might think it's self-serving for us to say that you need to hire an experienced real estate agent to buy or sell a home in Albuquerque. Yet now more than ever, there are very solid reasons why you should hire a Realtor. Here are 3 of those reasons:

My services are free for buyers

Many home buyers in Albuquerque don't know that it’s the seller who pays all the real estate fees at closing. This includes not only their real estate broker’s commissions, but the buyers’ agent’s as well.

It is important to have professional representation when you purchase a home. Even if you think you can do it alone, you must remember that there are major steps to the purchase process, many people involved in the transaction, time restrictions, legal requirements and more to consider.

Not many things in life are free, so the fact that you can hire someone to represent you in one of the largest financial transactions you’ll ever be a party to, at no cost to you, is pretty compelling.

Not all FSBO sellers cooperate with brokers

When a FSBO seller agrees to pay a buyers’ real estate agent’s commission, the process is known as cooperating with brokers. Not all FSBO sellers are willing to do so. If you’ve decided to work with an agent in the purchase of a FSBO, ask the seller if he or she is willing to pay your agent’s commission.

You won’t necessarily get a discount

Many FSBO buyers are under the impression that, since the seller doesn’t have to pay an agent’s commission, he or she will be willing to discount the price of the home accordingly. Nothing could be further from the truth.

Consider this: the typical FSBO seller is single and earns less than the area median income. He or she is less likely to offer help with closing costs than home sellers with agents, according to the National Association of Realtors (NAR). Furthermore, the number one reason a homeowner chooses to go it alone when selling is to save the money they would’ve paid in commissions. They are not about to give this money to the buyer of their home.

To sum up, working with a real estate agent, especially someone who has decades of experience buying and selling home in Albuquerque, just makes sense.

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!

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

 

Things to Do in Albuquerque While in Quarantine

by Sandi Pressley

Most of us are stuck indoors for a while, and for our own good. No doubt you and your family have been finding ways to keep yourselves occupied and out of each other's hair. But there are certainly plenty of things you can do to pass the time that are interesting and productive.

What are some ways you can make your quarantine more interesting in Albuquerque? Here's a few suggestions.

Complete a puzzle. The bigger the better. Take out your old Rubik's Cube and bring back the memories.

Start a journal or blog. These are certainly interesting times to write about. But you can make it about anything you want. Go for it!

Practice that old instrument. Has it been a few years since you played that old guitar? Tune it up and start playing. Just try not to annoy the neighbors.

Write poetry. There are many things to write about here in Albuquerque. Maybe just a short haiku will do.

Learn a new language. Impress your friends by speaking a new language when you come out of quarantine. Download Duolingo, or a similar app, and teach yourself a foreign language.

Meditate. Try lying down with your eyes closed, palms up and while focusing on your breath. Or spend 20 minutes sitting crosslegged and repeat a soothing word to yourself in your head.

Write actual letters to family and friends. Yes, a good old-fashioned handwritten letter will lift their spirits, and yours. 

Learn calligraphy. YouTube can help. You can use your new skill writing those letters.

Put on a soap opera. Mute the sound. Create your own dialogue.

Go through your junk drawers and supply shelves. Organize and get rid of anything you don't need.

Bake those cake mixes you have sitting in the pantry. You know you have a least a couple of boxes. Learn how to make your own frosting if you don't have any.

Knit or crochet.

Try out at-home aerobics or yoga videos. Consider downloading a fitness app with workout playlists.

Take a bubble bath. A few candles and a glass of wine makes it even better.

Coloring books. You know you still love to color.

Go outside and draw. Do you have interesting things outside your home you can draw? Can you see the beautiful Sandia mountains? Test you drawing skills.

There's many more things you can do to stay busy at home. Come back to this blog every week for more ideas to help you deal with the virus, along with helpful real estate article and local Albuquerque news. Visit our other blog as well.

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

 

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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