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87121 : Real Estate Advice

  • All14
  • Local Info1
  • Home Buying10
  • Home Selling2
  • Market Conditions0

Activity 13
Thu Jan 19, 2017
Warmbuffet2 asked:
Thu Jan 19, 2017
Warmbuffet2 asked:
Fri Sep 9, 2016
answered:
Hi Etoncloud9,

Unless you're a Veteran doing a VA loan or you're buying in an area that's eligible for the No Money Down USDA mortgage, you'll have to put money down.

FHA only requires 3.5% down so on a $150,0000 purchase you would only need $5,250 of the $10,000 you have available.

I would only put down what's required and keep the rest in savings so you have an emergency fund.

Remember, once you buy a home you're the landlord.


Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
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0 votes 1 answer Share Flag
Wed Jan 13, 2016
Bergstromsusanne5 answered:
I am looking to sell my home in Rio Rancho, NM 15 minutes from ABQ. I have great renters there already, and deal with them by phone.
River's edge III is within walking distance to Rio Grande and The Bosque (res for wildlife)
I am an RN and have lived in the home, and am the owner.
The house is 4br/2b with garaage, landscaped green, new cooler, remodeled kitchen
Asking 189K, rent is 1200/mo
Let me know if interested, I was just thinking of liquidizing, and saw your share
Susanne Bergstrom
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0 votes 13 answers Share Flag
Thu Aug 7, 2014
Steve Quintana answered:
Mon Mar 31, 2014
Steve Quintana answered:
Here are three lenders in town I like working with. Call me any time.

Jason Pike: 828-9400
Steve Sheldon: (505) 275-0200
Walt Viera: Bank of Albuq., 855-0593

Please contact me with questions.

Steve
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0 votes 3 answers Share Flag
Fri Jan 31, 2014
Mike Degidio answered:
Ms. Aleixandre presented the perfect resource as far as domestic water needs are concerned. New Mexico has a massive land area and the majority of that land is nothing but a through and through dry climate.

New Mexico lies uniquely within both sides of the gulf stream and has benefitted greatly from this location when it comes to the monsoon or "wet" seasons. Usually setting the state up for a gathering of moisture in mid to late July which will last us through August with the chances of even a precipitous kick off in the Autumn months. I have even seen it have early snow in October in the mountains.

The State's dryness does contribute to a lot of the warmer climatic problems you see starting in the late spring to early summer. The weather heats up through May, can be scorching in June in the heights of fire season. A lot of the water resources in lakes, reservoirs, dams, rivers, etc. is used to help quench the thirsty hot spots that may break out, all leading us to the start of the summer and the rains to come in just in time it seems.


Magdalena, a village in Socorro County New Mexico has a small population of around 1,000 people. This month, the town ran out of water. Residents only had 24 hours of notice before the tap water was turned off.

Magdalena was under a "boil alert" because the supply of water coming into households was dangerously low. Some businesses had to shut their doors, health clinics could not properly function, and some residents had to leave the town entirely.

Then the town's sole drinking water well went dry, leaving the town without any water. This is the worst shortage I have seen within the time of living within the State. I know investigators are still asking questions as to why those wells even reached all time low levels when authorities should have known further in advance that the levels dropped that much.

I believe the cities' populace is concerned with the present conditions and continued conditions that will prevail in the State. I hope more entities will continue to get involved with the conservation of water resources in general. I still see many new developments within the city opting to put swamp coolers on the tops of brand new housing developments and it blows my mind. I know Arizona outlawed the swamp cooler back in the 1980's and I believe we should be like minded in conserving the resource, especially when it comes to cooling off the residences, homes, apartments, etc. Its money down the drain and is very taxing on the already existing conditions.

I know the State Engineers Office is involved with the public at all avenues and seeks to educate people about their water habits that make a great impact. As other locals could attest I have never seen the likes of a mandated water restriction, but I have seen the harsh penalty those who aren't mindful should be made to pay when they use passed the allotted amounts. When it comes to lawns, gardens and more recreational usage the companies strive to adhere to certain watering guidelines that will keep people's yards green, without taking too much of the green from their pockets. thank you for your question, keep em' coming!
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Fri Jan 10, 2014
Christella Padilla answered:
You can contact the following for data: http://www.cabq.gov/police/crime-statistics
0 votes 3 answers Share Flag
Mon Dec 30, 2013
Max Sklower answered:
Mr. Martinez. I have several liberal and dependable lenders that can give you all sorts of answers. I also so a LOT of real estate in Los Lunas and have found good homes there for many people. Conact me by phone at 822-8864 or 800-888-3581 or email me at: realtyperson@gmail.com. Max Sklower owner/broker of Broadcast Realty, LLC in Albquerque. ... more
0 votes 7 answers Share Flag
Sun Dec 29, 2013
Leigh-Jo Anzures answered:
How much you qualify can depend on a variety of factors from income, debt to interest rate. I recommend contacting a local lender to get qualified. They can provide you with how much you qualify for, what your payment could be and what all of your options are.

One lender I work with often is Steve Sheldon with Superior Mortgage. He can be reached at 280-6444.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: http://www.syan.com/alerts
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0 votes 3 answers Share Flag
Thu Feb 4, 2010
B answered:
You are asking the right questions and that makes you smarter than a lot of the home owners out there right now. As a buyer, it comes down to what do I have to do to that house to (a) make it liveable and (b) go with my stuff. If you have blood red or neon orange walls, paint them a soft neutral color. It will make the house look and feel expensive, brighter and bigger. (Light colors expand a room while dark colors visually shrink any space.) Then, I won't have the added expense of having to paint that orange and purple striped room that will clash with my black leather couch. Move big pieces of furniture away from windows. You want to seller to walk up and look out the window. It's inviting and makes the seller feel like they are home. Position a minimal amount of furniture in each room because that makes them appear expansive. Store the rest of it and pack away any clutter on shelves, bookcases, your collection of 1000 CD's, etc. I can visually any room as empty with white walls and picture my furniture there. On the other hand, carnation pink jetted tubs, red sinks, plaid carpets and purple walls will send my husband rushing out of the house. The poor guy can't visuallize the house as ours which is why we haven't purchased yet.
The other issue is price. With all of the tools out there, buyers can easily find out that Albuquerque home prices have dropped 17% in the last 12 months. Don't make your house the highest price per square foot in your neighborhood. Honestly, if I had to sell in today's market, I would make my house neutral, turn-key ready and price it 5% below the lowest price per square foot house in the area. (Ignore the ones that are a wreck).

Good luck.
B.
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0 votes 9 answers Share Flag
Wed Dec 23, 2009
Kristina H Pulliam answered:
Hi Lilly, we are still in a good Buyers market with extended tax credits which may apply to you. You will have plenty of homes to chose from in our current market. There are a lot of choices when it comes to homes, Realtors, and Lenders so be sure to ask questions. I would be happy to answer any questions you may have.

Thank you Lilly,

Kristina
505.220.3470
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