Sounds like you'll need to sell your current home and pick out your new home and then close the two simultaneously. You can do an occupancy agreement on either the home your selling, to allow you a few extra days to move, or on the new home to allow you to move in a few days early to accommodate time needed to move. You should start with being pre-qualified by a lender so that you will know exactly how much home you can afford, after your present home is sold. This is an easy and free process that can be done over the phone. You'll also want to get a market analysis on your home to check it's current value. And, you'll want an estimate of the proceeds you can expect, after closing costs, on your home, so that you'll know how much you'll have for a down payment. I can help you with all of the above, including providing the name and number of a good lender. Please give me a call.... more
I wanted to post a follow up to my question. I chose to use Steve Quintana for my purchase in Socorro, NM. This was the best decision I could have made. The original deal fell through because we couldn't reach a deal with the seller but we kept looking and found a better house. Steve was there every step of the way, First trying to get a deal reached on the original house, then he met us in Socorro to go house hunting and finally acted as our Broker for the house we eventual bought. It was a tedious process starting about Jan 10 and finally ending March 29. We couldn't be happier with the purchase or the decision to use Steve as our Broker. He goes above and beyond. We plan on making future purchases in New Mexico and I won't use anyone else but Steve!... more
Hello Kathy, I'm curious, Are you new to Albuquerque or just considering a different part of town?
This street, like so many in Albuquerque, is spotty and different in different areas.... Of course it's helpful to drive by homes you are considering, but as a green alternative to a tank of gas you can do this virtually by using the mapping features available through Google maps, Mapquest, or many other internet based mapping sources.
Better yet, a thoughtful buyers agent will set you up a search on our local MLS. Once established you can keep tabs on the homes you are interested in, send comments to your agent, get ALL the available details on the home, and use 3-D satellite mapping to check out the neighbors and area.
I specialize in working with buyers in the establish & older areas of Albuquerque. Feel free to check out customer reviews of me (below) and my dedication to the client. (PS: It does not cost any more to use a buyers agent and may save you thousands to have a buyer oriented representative assist you with purchase and inspections.)
You should review the contract you have with him, which if you were using licensed agents should have used a contract that would have provided you the protection you need in this type of transaction - usually if the buyer on a real estate contract is late, you notify them that they are in default and if they do not cure the default within 30 days, they default to tenant status and you can evict them as any landlord would - see New Mexico Landlord-Tenant Act - post 3 day notice and eviction by Sheriff can be pretty quick. At least that is what the contract I would have used for you would say (approved by the Real Estate Associtaion of New Mexico attorneys). Hopefully, you have some kind of contract, and if not, go back to the title company you used to check their records. Best of luck!... more