87125 : Questions & Answers

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Gale Acton, Real Estate Pro in Seymour, IN
Gale Acton answered:
I am asking the typical time to complete a short sale. I am a buyer, preapproved for financing. Listing agent supposedly has done many of these.
Short sales are complicated! If the property has been officially listed with a Realtor the process can take 3 to 6 months. Remember every property is different and the lender is differ ... more
0 votes Share Flag Sat Apr 5, 2014 Home Buying in 87105
Rozalyn Fran…, Real Estate Pro in Columbia, SC
Rozalyn Franklin answered:
What is the typical time for a short sale to go through in the Albuquerque area?
Unfortunately there is no set time on when a short sale will go through, each situation is different depending on how many liens are involved, and also how backed up the lenders are. Sh ... more
0 votes Share Flag Mon Apr 9, 2012 Home Buying in 87105
Alyce Martin, Real Estate Pro in Albuquerque, NM
Alyce Martin answered:
? about house on 9604 Big Sage 87114. Saw it on SWMLS this week, then on zillow as short sale, now off market.
According to our MLS this evening, the home on Big Sage went into pending on 4/2/12. It is a short sale.

To find comparable homes that are available, visit my site at http://www. ... more
0 votes Share Flag Tue Jan 7, 2014 Home Buying in Ventana Ranch
Kevin Koppen…, Real Estate Pro in Albuquerque, NM
Kevin Koppenhaver answered:
elevation above SL? of the 7524 Richmond Hill RD NW property? John B Dreszer
John,

This property is about 5000'-5200' above sea level. If you'd like to see it or I can help you in your search in any way, please call me at (505) 280-6231.

Kevin Koppenhav ... more
0 votes Share Flag Fri Apr 6, 2012 In My Neighborhood in Taylor Ranch
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
Looking for an owner financed home in the $130,000 range, three bedroom, two bath, NE Albuquerque or west side, but too far west or south.
First step engage a Mortgage Broker and get pre-approved in writing. Second step, engage a Realtor and show your pre-approval letter. http://www.naplesrealestateguys.com/
0 votes Share Flag Tue Apr 10, 2012 Home Buying in Albuquerque
Art Miller, Real Estate Pro in Albuquerque, NM
Art Miller answered:
We live in the NE Heights and started remodeling about one and a half years ago. It has been a real learning process. Do not ever use Steve Valdez!?
I have done a few renovations myself and I learn something new every time I get one done. While the project is underway it can be kind of trying but when you have a finished product it ... more
0 votes Share Flag Tue Apr 3, 2012 Remodel & Renovate in Albuquerque
Mei Cheng, Real Estate Pro in Albuquerque, NM
Mei Cheng answered:
what does it mean when a property says REC is available? I've tried googling it but come up with nothing.
REC stands for Real Estate Contract. In another words, owner financing. In case Buyer is not able to qualified for bank loan, Seller is willing to finance for a period of time in excha ... more
0 votes Share Flag Tue Mar 27, 2012 Home Buying in Albuquerque
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
About 5 years ago, I bought 5 acres out in the former Pajarito land grant area. Any ideas for helping it appreciate in the next 5-10 years?
Does the land have utilities on the lot or in the area? Existing utilities or access to utilities can increase value.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
0 votes Share Flag Thu Mar 22, 2012 General Area in Albuquerque
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
finding out if the house we are living is in foreclousre
Go to www.bernco.gov and look up public records. First go to tax assessor and look up by address to get legal description, then go to records lookup and punch in legal. Look for a lis ... more
0 votes Share Flag Tue Mar 20, 2012 Foreclosure in Albuquerque
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
I filled bakruptsy last year in march do you know if that will hert me on buying a home?
You need to check with your lender to determine which programs require how much time. Some require as much as 4 years since bankruptcy, but there may be others that have much less, but ... more
0 votes Share Flag Wed Mar 21, 2012 Home Buying in 87110
Blythe Camen…, Real Estate Pro in Albuquerque, NM
Blythe Camenson answered:
What areas in Albuquerque are likely to appreciate in the next 5 years?
I strongly believe that the UNM/Nob Hill/Ridgecrest areas will continue to appreciate in the next 5 years. These neighborhoods are very popular and have held their own during the crunch ... more
0 votes Share Flag Tue Apr 3, 2012 Home Buying in Albuquerque
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
What are some tips for renters before signing a lease?
IMPORTANT - Be sure to verify that the person leasing the property is the actual owner or is authorized to lease it.

If you haven't already heard, there are scams occurring by ... more
0 votes Share Flag Tue Mar 6, 2012 Rental Basics in Albuquerque
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
What's the typical process when buying a short sale?
Buying a short sale is not the same as buying a foreclosure, HUD home, VA Home, new construction home or non-distressed property. There is a lot to consider.

1) Work with a local r ... more
0 votes Share Flag Mon Mar 5, 2012 Home Buying in Albuquerque
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
What are some tips for first-time home buyers?
1) Get prequalified. While it is an exciting experience, it's important to follow the proper steps to home ownership. Getting prequalified will help determine your buying power ... more
0 votes Share Flag Thu Mar 8, 2012 Home Buying in Albuquerque
Linda Coy, Real Estate Pro in Albuquerque, NM
Linda Coy answered:
Which costs are potentially negotiable in closing costs
If you are the buyer and are purchasing an existing home, the seller usually pays everything associated with conveyance of the property and you, as buyer pay all associated loan costs. ... more
0 votes Share Flag Sat Mar 3, 2012 Home Buying in Albuquerque
Nathan Wolf, Real Estate Pro in Charlotte, NC
Nathan Wolf answered:
What are some effective ways to increase the value of your home before selling?
Clean it. Keep it clean.

This is THE MOST EFFECTIVE way to increase the value of your home.

Buyers will stop focusing on things that catch their attention around your house, and ... more
0 votes Share Flag Fri Mar 2, 2012 Home Selling in Albuquerque
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
What are some surprises that first-time buyers encounter when purchasing a home?
Costs to close, make some changes after closing, and move seems to always be underestimated. There are tons of little costs that add up. If you have a good broker, there should not be ... more
0 votes Share Flag Fri Mar 2, 2012 Home Buying in Albuquerque
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
what are the tips for buying a short sale?
Consult with an expert...do some reading on the subject...make sure you take your questions to your expert..insure you know what kind of short sale you are dealing with...Avoid blowhard ... more
0 votes Share Flag Sat Mar 3, 2012 Home Buying in Albuquerque
David Staffo…, Real Estate Pro in Albuquerque, NM
David Stafford answered:
Property is listed as gated community
If there is a gate around a community, I would call it a gated community. That gate definitely is a crime deterrent, however imperfect. You might take it up with the residents and HOA t ... more
0 votes Share Flag Fri Mar 2, 2012 Home Buying in Encanto Village Hoa
Theodore Zmr…, Real Estate Pro in Albuquerque, NM
Theodore Zmroczek answered:
What is the typical process of a short-sale?
Hi Tom,

There was been more cooperation from lenders who are engaged in approving short sales. The process starts with the seller submitting your offer to the bank along their finan ... more
0 votes Share Flag Fri Mar 2, 2012 Home Buying in Albuquerque
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