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Home Buyers – Protect Yourself From Equifax Breech

by Sandi Pressley

It's been all over the news. Of course you’ve no doubt heard about the massive data theft of 143 million consumer’s personal data from Equifax.  The problems this theft will cause could affect a lot of lives.  It could especially affect home buyers and mortgage applicants.

It’s likely that an enormous sensitive information was stolen from most Americans with credit, including addresses, Social Security numbers, driver’s license and credit card numbers.  These could be made available to the highest bidders. 

Those at the highest risk may be home buyers and mortgage applicants. This is because they have a significant amount of information on file at the credit bureaus. This could cause serious problems down the road, especially during the buying process.

There’s no need to panic, as steps can be taken to protect yourself.  You can lock down your credit files with fraud alerts or credit file freezes, which will prevent people from opening accounts in your name and will prevent them from getting credit reports.

The FTC has helpful information on identify-theft countermeasures at consumer.ftc.gov/features/feature-0014-identity-theft. And if you’re thinking of doing a freeze, a good site is uspirg.org/resources/usp/protect-yourself-against-new-account-id-theft. You can also get free, three-bureau credit monitoring service being offered by Equifax at equifaxsecurity2017.com. The most important first step is to check your three credit reports for free at annualcreditreport.com and see whether anyone has been tampering with your accounts.

HOT HOME LISTING OF THE WEEK!

6640 Santo Lina Trail NW, Albuquerque   $279,000

3 Bedrooms/ 2.5 Bathrooms/ 2670 Square Feet

Oversized corner lot w/Unobstructed views of the City, Bosque & Mountains along the Bosque in gated community. Close to to beautiful & scenic walking & bike paths!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

What Can Affect Your Mortgage Rate?

by Sandi Pressley

You see advertisements for mortgage rates all over the media and internet.  But how can you be sure that you’re getting the best rate possible? Even if you compare rates, they probably aren’t realistic. Here are some factors to take into consideration.

 

  • Economy – The global economy drives all interest rates, including mortgage rates
  • Property location – Lender costs can go up or down depending on state laws
  • Lender pipeline – How much business a lender is currently processing
  • Property type – Single family, multi-family, condo, mobile, co-op, etc.
  • Loan-to-value – Lower values get a better rate
  • Home use – Is this home being used for personal use, rental, or vacation?
  • Credit score – The higher the score, the better the rate
  • Points – Overall, the higher the costs, the lower the rate
  • Loan features – Term, documentation, rate adjustment, interest-only payments, etc.
  • Loan amount – If the loan amount is very high or very low, this can mean higher rates

 

Mortgage Rates Always Change 

It’s true. In fact, rates can change in minutes!  Even politics can affect the rate.  As an example, when the President disbanded his business council, it sent rates into a tailspin within 20 minutes! So that means the rate you were quoted before and after that situation would have been much different.

The good news is that current mortgage rates are as low as they've been in 2017. But home prices are soaring in much of the US. To get a low rate and make your home as affordable as possible, you need to get several custom quotes from competing mortgage lenders.

 

HOT HOME LISTING OF THE WEEK!

996 Lynx Loop NE, Albuquerque, NM  $595,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3215 Square Feet

Custom Home features INCREDIBLE VIEWS of the Sandia Mountains, Tram & City lights from large balconies and decks. Master Suite features cozy fireplace, tranquil balcony, mountain views, complimented by the Spa-like Master Bath.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Beware of the Rental Trap

by Sandi Pressley

Owning a home has many advantages and benefits.  One of the best things about owning a home is avoiding rising rent costs. 

The cost of renting is going up across the nation.  According to ConsumerAffairs “The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.” The Joint Center for Housing Studies at Harvard University’s 2017 State of the Nation’s Housing Report also noted that “Renters continue to be more likely to face cost burdens…the number of cost-burdened renters (21 million) considerably outstrips the number of cost-burdened owners (18 million) even though nearly two-thirds of US households own their homes.”

With a 30 year fixed rate mortgage, owning a home can be cheaper than renting. Many people feel they can’t afford to buy a home because they haven’t saved enough money for down payment, or they don’t have good enough credit.  But you don’t know until you investigate the options.  If you’re considering buying a home in Albuquerque, give us a call and let a professional help you determine if you’re in a position to own your own home and not get stuck in a rental trap.

HOT HOME LISTING OF THE WEEK!

10 Cinco Circle, Placitas, NM   $550,000

5 Bedrooms/ 5 Bathrooms (1 full, 4 partial) / 4015 Square Feet

Enjoy the extraordinary views from this spacious home, featuring 5 bedrooms, 2 living areas, and more.  Treat your guests to the upstairs bed with en suite bath.  Entertain in style with the spacious kitchen that opens into the great room.  

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Antique Lovers Unite in Albuquerque

by Sandi Pressley

If you love antiques, then get ready for the antiques event of the year in Albuquerque! Coming this Aug 5-6 to the Expo New Mexico State Fair Grounds is the 19th Annual Great Southwestern Antique Show. This huge antique show will benefit the New Mexico non-profit organizations that focus in enhancing arts and education in the area. You'll find over 200 dealers, making this the largest antiques show in the Southwest! There will be everything you can think of in addition to antiques - rare books,fine art, Native American & Western art, vintage guitars, ephemera, old pawn and estate jewelry and more!

The event starts with a sneak preview from 1-6 pm on Aug 4 that will donate all proceeds to the KNME PBS Endowment. Then the main event starts on the 5th. You'll enjoy learning about the art of collecting and investing in fine art and antiques. And if you have treasures of your own, bring up to 3 of them along and have them appraised from 12-3pm for $35 (limited to the first 100 donors) and proceeds go to New Mexico PBS.

Check out the full schedule and have a great time exploring the world of antiques in Albuquerque!

 

HOT HOME LISTING OF THE WEEK!

6640 Santo Lina Trail NW, Albuquerque   $279,000

3 Bedrooms/ 2.5 Bathrooms/ 2670 Square Feet

Oversized corner lot w/Unobstructed views of the City, Bosque & Mountains along the Bosque in gated community. Close to to beautiful & scenic walking & bike paths!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

The Rural Life Awaits in Bosque Farms

by Sandi Pressley

As larger cities like Albuquerque continue to expand, it's getting harder to find rural areas to live that are close to necessary amenities.  Bosque Farms is the exception to that pattern. It's a rural village that lets you live the country life, while being close to great shopping, dining, and entertainment found in Albuquerque, only 20 minutes away.

Bosque Farms enjoys a rich history, which can be traced back to a Spanish land grant from 1716.  Today the village is more residential, yet it holds onto its farming heritage. There's still a dairy farm that operates here, along with large alfalfa fields which feed the horses.

Even though this is a rural village, there's still a number of popular retailers here, such as Brenda's Fashions and Peddlers Corner Antique Mall. And you won't have to go far for great food with Sopa’s Restaurant, Benny’s Mexican Kitchen, Southwest Grill, and Teriyaki Express, plus several burger joints such as Blake’s Lota Burger.

The rural life awaits those looking for a more relaxing place to live.  Visit our Bosque Farms, New Mexico Real Estate and Information page to learn more about this great little village and to search for your dream home.

HOT HOME LISTING OF THE WEEK!

5909 Gorrion Street NW, Albuquerque   $199,000

4 Bedrooms/ 1.5 Bathrooms/ 1935 Square Feet

Single story home with open concept & functional floorplan with tasteful updates thru-out! Kitchen with NEW Tile countertops, ALL APPLIANCES CONVEY with property! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Our Top Hot Properties

by Sandi Pressley

There's never been a better time to find an amazing home in Albuquerque and Placitas. Our top Hot Properties feature custom luxury amenities, beautiful landscapes, all in great neighborhoods.  Take a look at what our top Hot Properties have in store for you!

8100 Via Alegre NE, Albuquerque

This one-of-a-kind custom Medditerranean home features custom crafted gates, knotty aldre entry, beamed ceilings and n extraordinary chef's kitchen. There's pleny of room for all your toys and cars in the oversized garage.

Check out the details and amazing photos!

 

10 Cinco Circle, Placitas

Enjoy the extraordinary views from this spacious home, featuring 5 bedrooms, 2 living areas, and more.  Treat your guests to the upstairs bed with en suite bath.  Entertain in style with the spacious kitchen that opens into the great room.  And there's plenty of room for the wine with the built-in wine fridge that holds 400 bottles!

Check out the details and amazing photos!

 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Buyer Traffic is Strong in New Mexico

by Sandi Pressley

Everyone knows that the best time to sell anything is when demand is high and supply is low.  The National Association of Realtors (NAR) just released two major reports showing that now continues to be an ideal to sell your home.

REALTORS® CONFIDENCE INDEX

Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” In May the index continued to show that demand for homes outpaced supply.

The map below illustrates buyer demand broken down by state (the darker your state, the stronger the demand is there). As you can in New Mexico, buyer traffic remains strong.

Takeaway: Demand for housing continues to be strong throughout 2017, but supply is struggling to keep up, and this trend is likely to continue into 2018.

If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers that are still out searching for your house.

HOT HOME LISTING OF THE WEEK!

10 Caminito Trail, Placitas   $395,000

3 Bedrooms/ 2 Bathrooms/ 2580 Square Feet

This amazing culdesac property features unobstructed views of the mountains and open floorplans with stunning raised ceilings.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Have a Happy 4th of July!

by Sandi Pressley

The 4th of July is just around the corner and it's time to celebrate in Albuquerque!  Here's what's in store for you this coming 4th of July to help celebrate our freedom.

Freedom 4th

The City of Albuquerque is hosting a huge celebration at Balloon Fiesta Park from 3-10pm.  Admission is free!  You'll be able to enjoy all kinds of food and drink vendors while you take in the festivities.  There's also face painting and inflatables for the kids.  And to top off the evening will be a massive fireworks display and performance by country star Clint Black!

Corrales New Mexico 4th of July Parade

What's the 4th of July without a parade?  Starting at Target Road at 10am, the parade will run through downtown Corrales to La Entrada Park.  And after the parade ends there will be a family fun day at the park with food and more.  You can also join the water fight at the Corrales Rec Center.

Have a fun and happy Independence Day!

HOT HOME LISTING OF THE WEEK!

4401 Pershing Avenue SE, Albuquerque   $499,000

3 Bedrooms/ 1 Bathrooms / 3 Partial Baths / 4100 Square Feet

INCREDIBLE Custom single story Home-In the heart of ABQ. 2CAR garage, open floorplan showcases 3 exceptional LG living areas, all in whopping 4100 sq ft!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

July Fun In Store For Albuquerque

by Sandi Pressley

Summer is here and it's time to look forward to some fun events coming up in Albuquerque this July. Here's what we have to look forward to.

14th Annual Pork & Brew BBQ State Championship

July 1-3, 2017 | Saturday-Sunday 11am-7pm | Monday 11am-5pm

New Mexico's original food festival returns to the Santa Ana Star Center with a wide variety of BBQ delights.

Freedom 4th

July 4, 2017 | 3-10pm

Come celebrate Independence Day at Balloon Fiesta Park where there will be free face painting, inflatables, and more fun for the kids. Also enjoy the Microbrew Garden, with local beer, wine and spirits, along with a massive food court of more than 30 food vendors.

Route 66 Summerfest

July 22, 2017
3-10pm

July 22, 2017 | 3-10pm

Come to historic Nob Hill on Saturday, July 22 from 3-10 p.m. for the biggest Summerfest of the year.

Have a fun and fantastic July in Albuquerque!

HOT HOME LISTING OF THE WEEK!

8100 Via Alegre NE, Albuquerque   $675,000

4 Bedrooms/ 3.5 Bathrooms/ 3330 Square Feet

One of a kind custom Mediterranean/Tuscan home with tons of features and amazing oversized garage for all of your cars & toys+workshop area!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Find the Best Places to Eat in Bernalillo

by Sandi Pressley

Bernalillo may be a smaller town, but it definitely has some great options when it comes to eating out.  People from all over come to Bernalillo for the great dining options. 

Freight House offers a modern industrial atmosphere where you’ll enjoy amazing BBQ, burgers, and 24 beers and cider on tap. They also feature a community bar table and large outdoor patio with game tables, along with daily specials like Taco Tuesdays.

Kaktus Brewing Company is another unique dining and brew experience.  They are a nano-brewery, which is a 2 barrel brewing system which allows them to focus on the high quality of every beer that they brew. They feature a great selection fresh, organic, natural and local foods from New Mexico and pizza. There are even belly dancers on Sunday evenings and wild game sausage to make the experience more unique.

If you want to cool down with some delicious frozen yogurt, then you need to go to the Chill Zone, a locally owned and operated self-serve frozen yogurt shop, where you’ll find all sorts of frozen yogurt delights. The flavor selection is a constant surprise and the self-serve area immaculately maintained.

If you want to find more great places to eat, visit TripAdvisor.com for the best places to eat in Bernalillo. You can also learn more about this great community and search homes for sale in our Bernalillo Community page.

 

HOT HOME LISTING OF THE WEEK!

4712 Cayetana Place NW, Albuquerque   $342,000

3 Bedrooms/ 2 Bathrooms / 2105 Square Feet

Custom built Tiara home in the exclusive Andalucia subdivision sits on a large corner lot w/stunning views of the Bosque, Sandias & city lights!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Displaying blog entries 691-700 of 823

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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