I would appreciate the opportunity to meet with you and discuss further.
NM Real Estate Now
I spend a good hour with my first time home buyers going through all that they can expect to happen from start to finish when buying. Every transaction is different so it's good to be aware of all of it.
Feel free to call me to start the conversation. You have taken a GREAT first step by asking for lots of information!
YES! Realty (505) 440-4878
After you have your price point nailed down. Select a Real estate professional to help you in your search. Look for Agents that will answer their phone and respond promptly to your inquiries. Nothing is more frustrating than calling a agent and never hearing from them again! Most agent have a good website that will allow for you to begin your search at your convenience. Selecting 3-5 properties to look per day at is a realistic number .
In the Albuquerque market, being decisive is really important. A good deal to you is a good deal to everyone. Great properties move fast, so if you see something you like you need to get the offer submitted.
You might find a property that is either a short sale or bank owned. These properties can be a great deal but they do have some downsides. The first is the time!. Many of these listings can take up to 6 month to close which can be frustrating. Another issue is many banks or distressed properties owners will not pay for some of the customary fees such as inspection, appraisals, taxes, liens , Etc. So It pays to have your Agent research the property before getting too deep into the process to ensure it make sense for you financially.
The upside is that there are many great deals out there. There are special loan programs like the 203k loan that allows for an allowance up to 35,000 to do updating on properties that are under market value. You can ask you lender for the details on that and other great programs.
As for scams, most are related to rentals in the area. The most common scam on Craigs List involves someone listing a property for rent that is currently on the MLS for sale. They are usually out of town and request you send money to "get the keys" the owners are almost always out of country. Many sound very plausible ( military deployment,work transfer, or sick family member) these homes do not belong to the person offering it and once you send the money it is gone with no recourse.
Other problems we hear about involve For Sale By Owner listings. Many think that this a great way to go to try to save money. The reality is you could end up buying a lemon with no recourse. Many are over priced and are substandard. Some have hidden liens or neighborhood issues ant could be very costly.
Searching for a new home is very exciting. If I can assist with any questions or recommend a lender direction, please let me know. I would love your business.
Patrick M. Kanieski
Prudential NM Properties
Broker, Lightning Realty
Phone/Text: (813) 766-1501
First step...connect with a very experienced and knowledgeable REALTOR (like me hehe) who can assist you from A to Z.
Finding the right lender will also be key. It can some times be the make or break of a transaction.
As for scams, watch out for Craigslist. That is one site that can draw in scammers.
For more information on buying a home, go to: http://www.syan.com/buying
I'll be happy to assist you. Since the seller pays my commission, there is no cost to you for my assistance. Feel free to connect me.
Syan Real Estate
Call/Text: (505) 730-8181
Give me a call so I can put you in contact with my trusted lender. After you get with my lender, you and I can meet by phone or in person to discuss your wants and needs.
After that I will help you find a home that works for you and help you submit an offer and get your home purchase closed
Brian & Dawn Fossa