Home Buying in Albuquerque : Advice

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Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
Home for sale for 159,000 needs major remodel, sold for 70,000 less 10 years ago and seller has made no improvements. Is 120,000 too low?
Nmbuyer,
There is no direct answer anyone here can give you for this. The only answer is to have a knowledgeable agent inspect the home, investigate comparables and tell you what the ... more
0 votes Share Flag Wed Sep 22, 2010 Home Buying in 87107
Monica Atkins, Real Estate Pro in Albuquerque, NM
Monica Atkins answered:
What is a Tax Rate Code Area?
The Tax Rate Area in which the property is located. Special districts, such as schools, cities, and water districts are collecting money for voter approved bonds and special assessments ... more
0 votes Share Flag Tue May 26, 2015 Home Buying in Albuquerque
M Shorty, Both Buyer and Seller in Albuquerque, NM
M Shorty asked:
0 votes Share Flag Mon Aug 23, 2010 Home Buying in Albuquerque
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
Can you include future rental income when applying for a mortgage?
Hi Crystal

Prudent to buy a multiple unit like a duplex or tri plex.

If you done qualify and they can't be on the loan, then it does not work.

You may qualify, buying a tr ... more
0 votes Share Flag Mon Oct 6, 2014 Home Buying in Albuquerque
HV Home Team, Real Estate Pro in 10950
HV Home Team answered:
I see there are quite a few homes built in the 70's that have lead paint. Is this pretty common for new mexico?
Most paint made pre-1978 had lead in it. Here's a copy of the EPA-Protect Your Family from Lead Paint.
http://www.epa.gov/lead/pubs/leadpdfe.pdf
0 votes Share Flag Mon Aug 9, 2010 Home Buying in Albuquerque
Brandon DENT, Real Estate Pro in Albuquerque, NM
Brandon DENT answered:
How do I best search for a townhome/aptmt. that has great Sandia mountain views?
I can send you all the listings from the MLS matching your specific criteria, or you can do it yourself here:
0 votes Share Flag Sat Aug 7, 2010 Home Buying in Albuquerque
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
does a room in the state of Indiana have to have a window to be considered a bedroom even if it has a closet and an escape exit.?
Depends on purpose of considering it. If it is up to you, call it what you want. It only needs to be determined one way or another if it is required for some purpose, like a governmen ... more
0 votes Share Flag Sat Jul 3, 2010 Home Buying in 87120
Tracy and Te…, Real Estate Pro in Albuquerque, NM
Tracy and Tego Venturi answered:
what happens if the seller (for sale by owner) never takes earnest check to escrow and closing came and went?
If the earnest was not used as part of the settlement it should be voided or returned.
0 votes Share Flag Tue May 25, 2010 Home Buying in Albuquerque
TRAVIS BILLI…, Real Estate Pro in Albuquerque, NM
TRAVIS BILLINGHAM answered:
I see listings that indicate "community" water and/or sewer (mostly east of Tramway) and also some that indicate "deeded" roads.
Hi Paula

A community water system is like a bigger version of a shared well, maintained by the community that uses it.... And a deeded road can be an easement where an owner has b ... more
0 votes Share Flag Tue May 11, 2010 Home Buying in Albuquerque
Matt Taylor, Real Estate Pro in North Carolina
Matt Taylor answered:
How soon to get pre-approved to buy a new home after our old home closes?
You can get pre-approved right now based on the sale of your current home. You do not have to lock in a rate now fi you do not want to and can float until you find a property and in mos ... more
0 votes Share Flag Sun Apr 25, 2010 Home Buying in Albuquerque
Sonsie Conroy, Real Estate Pro in San Luis Obispo County...
Sonsie Conroy answered:
how possible is it for an REO property , if the bank owns it, to accept an offer contingent to another house selling? even if it's not likely,
You can always submit an offer, but in my experience I have never seen an offer on an REO accepted with such a contingency. In fact, few (if any) contingencies are acceptable at all. Yo ... more
0 votes Share Flag Mon Jan 25, 2010 Home Buying in Albuquerque
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
how possible is it for an REO property , if the bank owns it, to accept an offer contingent to another house selling?
Not likely. The banks want to get these off their books. They are looking for the best and highest offers.

You can always try, but unless it's the only offer they receive, mos ... more
0 votes Share Flag Tue Mar 30, 2010 Home Buying in Albuquerque
Hannah Flieg…, Real Estate Pro in Larkspur, CA
Hannah Fliegel answered:
I was just wondering, about condos.By the time you add the HOA fee, your monthly payment could be as much as for a house.
Hi Zuglo,

Good question. Look add up the HOA fee and see what they cover. For example, I own a condo and the HOA fee is $285 per month and it includes the follow:
Garbage
H20
Se ... more
0 votes Share Flag Sat Jan 16, 2010 Home Buying in S.R. Marmon
TRAVIS BILLI…, Real Estate Pro in Albuquerque, NM
TRAVIS BILLINGHAM answered:
Can a house that is in foreclosure and for sale be leased to own?
It really depends on your funds available... An REC Wrap is possible sometimes, but closing costs must be taken into consideration. Are you looking at a specific property?

Travis
... more
0 votes Share Flag Wed Oct 27, 2010 Home Buying in Albuquerque
Chris Smith, Real Estate Pro in Albuquerque, NM
Chris Smith answered:
I'd like to buy an investment property in Albuquerque. Since I will probably be a distant landlord, tell me about good areas to buy in that will
Kathleen - well....having worked with investors that have purchased rental property all over town it's hard to narrow down "good" areas to buy. I think there are opportu ... more
0 votes Share Flag Mon Oct 27, 2014 Home Buying in 87121
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
where Is this house?
Which house for this question Becky? I am happy to help you find it!
David
0 votes Share Flag Sat Nov 21, 2009 Home Buying in Albuquerque
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
where Is this house?
They did not post address and there is no 3BR/2Ba house currently listed in our local MLS in 87111. I suspect it is a teaser ad by some real estate company trying to get leads. I can he ... more
0 votes Share Flag Sat Nov 21, 2009 Home Buying in Albuquerque
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
Does a short sell take as long to close as a foreclosure?
Short sales usually take longer than foreclosed homes. With a short sale you are dealing with the seller and then the seller goes to the bank to ask for approval of the short sale. Wi ... more
0 votes Share Flag Wed Dec 23, 2009 Home Buying in Albuquerque
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
Home pricing right now
I am sure you will get the reply go with a short sale. Talk to the bank and see if they will accept less than is owed. Then the price does not matter so much as the bank is taking the l ... more
0 votes Share Flag Tue Nov 3, 2009 Home Buying in Nob Hill
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