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Corrales : Real Estate Advice

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  • Local Info3
  • Home Buying1
  • Home Selling0
  • Market Conditions2

Activity 9
Tue May 10, 2016
Wymadi asked:
It has been on the market for 11 days. That hurts me. My home is extraordinary. It has a huge master bathroom. It has 2 other bathrooms that you call .5 and they have big showers. You can…
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Sat Dec 13, 2014
Tim Moore answered:
Find one being offered and rent it from the owner.
0 votes 1 answer Share Flag
Thu Sep 4, 2014
Tracy and Tego Venturi answered:
Some great answers here... Corrales for sure, North Valley areas (including Los Ranchos), you can get lots of home for the money in Rio Rancho so should look at that also.
0 votes 6 answers Share Flag
Thu May 2, 2013
Arthur Miller answered:
Good morning JJAMsMom,

The best way to estimate taxes is to divide what the estimated sales price is by 3 and multiply it by the mill levy rate which in this case would be .036633. Yearly taxes at the current list price would be $10,402.92. If you would like some assistance determining if the current list price is competitive I would be glad to put my knowledge of appraisal and construction to work for you.

Kind regards,
Art Miller
... more
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Sun Oct 3, 2010
Dee Eaton answered:
Hi Evac...hopefully this reaches you as you sit with a sold home...your question actually had a hint at the answer. If you already knew homes weren't selling at a certain price and you "joined" that competition---that was a mistake. In this market, the key to selling isn't just a beauty contest...PRICE reigns supreme! The fact that the home is practically new and in great condition contributes to "impression" but unfortunately buyers are crazed "deal hunters" right now. A home that's priced aggressively will not endure a long listing period.

Also, the simple truth is that the price point at which you are competing in is not as active as the market below $250K. Home Builders are experiencing this and so is the re-sale market.

Good news is that Corrales is still a very desireable area (even though sales are sluggish). I've lived in Corrales for the past 13 years and love it. I've seen first hand our great markets and now this...

With so many homes available to buyers right now---keep in mind the "beauty pageant" has now become a "swap meet"---Buyers want a "deal".
... more
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Fri Jan 29, 2010
Robert S answered:
We have lived in Corrales for over 26 years, have never had a water softener, and have had to replace two facets because of hard warter problems in that time frame. The gift of Corrales is that if you want to escape the desert, you can without expending a fortune. In surrounding communities water restrictions often occur in the summer and require watering on days scheduled by the community ordinances, you can be fined for wasting water, and there can be sur charges if you exceed specified amounts of water usage. If you love a lawn, Corrales is the only place to live. In this area, you can lose a healthy lawn in three days in the heavy summer if you do not have access to water. Temperatures in the 90's, relative humidities in the single digits, and winds of 10-15 miles per hour will completely dry out your lawn to the roots very fast if you do not have access to water. ... more
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Sat Apr 19, 2008
Karen Oyler answered:
Hello LG,
Check with your trusted Lender. It might be a benefit to you if you currently have a higher interest rate and you plan to remain in your home to recoup the refinance costs. As Mary has mentioned there are many variables to consider. Your goals or reasons, property value vs current debt on property, interest rates current and possible refi. rate and of course the cost vs savings of refinancing your home.
Hope this helps.
Thank you,
Karen Oyler
... more
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Fri Apr 18, 2008
Mary Marcilla dba New Mexico Home Pros, Inc. answered:
Thank you for this great question! Corrales is unique in the home market - appealing to a sector of the market that searches for individualistic life styles and a foundation in Southwestern sense of freedom with its charming historical stamp. However, Corrales charm is not enough when a home owner fails to maintain his property. Properties may suffer depreciation if due diligence is not practiced. Astute buyers are buying the best deal in Corrales while a large selection of homes remains on the market. An experienced real estate agent is your best friend in this case. An agent previews homes constantly to locate the most desireable homes for a client. A consultation with a professional Realtor should be your first step before placing a home on the market. ... more
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