Consider the fact that Albuquerque homes have held their values throughout the current crisis. However, as the crisis continues, should the foreclosure numbers increase to the magnitude of say Colorado Springs, Florida, California, it will definitely depress our market.
Regardless of the current market condition, if you are not selling and you do not have one of those exotic mortgage that will reset, then I would say, don't worry about the value at this point in time.
Thanks for asking the question!
Get a good mix of who is around you.. donot sig the first , last or third contract in the door... interview the three and make a descision after reviewing each one.. never sign a contract put in your face on the same night as the presentation. too easy to make the fatal mistake if using the wrong realtor.
big descision, like every other big descision, think about what you are doing.
Two other points:
(1) A realtor is going to give u the most accurate right down to your neighborhood. Get estimates from 3 different realtors
(2) Keep in mind that values change. What your house is worth today may change up or down a year from now.
When you are ready to sell, your agent will check the features and condition of your home and compare those to other sales in the area. That is how you will arrive at a market price for your home.