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Home Buying in Los Lunas : Real Estate Advice

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  • Local Info5
  • Home Buying18
  • Home Selling0
  • Market Conditions1

Activity 25
Thu Apr 14, 2016
John Roberts asked:
My wife and I filed Chapter 7 bankruptcy in New Mexico in 2013 after finding out how bad my company insurance was after our daughter was born. It was discharged in May 2013. We started talking…
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Thu Jul 30, 2015
R3aul85 asked:
Need a home that is Four bedroom two bathroom if possible we are sick of renting can anyone help us get a home we don't got great credit but not bad credit please call me at 505-352-4599
0 votes 0 Answers Share Flag
Tue Jul 1, 2014
Thomas Moser answered:
H probably already has made his decision as the question is from last year.
0 votes 3 answers Share Flag
Wed Feb 5, 2014
Leigh-Jo Anzures answered:
Hello,

It's possible, but you may have very limited options. Have you attempted to see if you could qualify for a home loan? Your options with a loan would far exceed the terms you could get with owner-financing since these terms tend to favor the seller.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: www.syan.com/alerts
... more
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Tue Jan 7, 2014
Anna M Brocco answered:
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be very risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made... ... more
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Wed Nov 27, 2013
Leigh-Jo Anzures answered:
I often work with HomeTeam 899-4608. Tell them Leigh-Jo referred you.

Leigh-Jo
Syan Real Estate
Call/Text: (505 730-8181
Visit: www.syan.com
0 votes 2 answers Share Flag
Tue Oct 29, 2013
Leigh-Jo Anzures answered:
Hello,

Go to: http://msc.fema.gov


Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: www.syan.com/alerts
0 votes 1 answer Share Flag
Wed Aug 7, 2013
suescheuer answered:
Please call me Sue @ 565-2685. I would like to ask a few more questions?
0 votes 5 answers Share Flag
Thu Jul 11, 2013
Dan Gross answered:
HI demondra,
Laurel Summerfield reflects an individual, and unfortunately, very inaccurate opinion about Los Lunas and the Valencia County. I am a 28 year resident of the county, raised 3 children here and have been involved with the local Real Estate market for the past 7 years. Our kids attended the schools here and they all received good education and, scoring well on the national ACT and SAT examinations, were all able to earn scholarships to the state colleges here. When they attended college, they were well equipped to compete with students from around the country at these universities. The schools here perform well above state averages and are consistently improving in comparison to national averages. How do I know this? I spent 13 months on the Los Lunas Schools Board as a representative of District 5. I would match the administration, faculty and staff of Los Lunas Schools with any school district in the Southwest.

While it's true that the Valencia County Sheriff's office is terribly underfunded, each Municipality within the county has it own police force, and there is also the presence of the New Mexico State Police. As I wrote earlier, crime statistics are published annually by each entity, and unless something has changed, are published annually in the Valencia County News Bulletin. In my time living here (in Meadow lake for 10 years, on El Cerro Loop for 10 years and now in Tome for the past 8 1\2 years), I have had no more problems than people who I've spoken to who live in the city of Albuquerque. Because of the understaffing of the Sheriff's office, areas inside the bounds of the municipalities have better law enforcement and lower crime rates. In fact, Bosque Farms has one of, if not the lowest, crime rate per capita in the entire State of New Mexico.

Laurel must have a slow car because, driving the speed limit, I can get to Presbyterian Hospital or the "Big I" from my house south of Los Lunas in 20 - 25 minutes and to Cottonwood Mall on the West side in 45 minutes. The Northeast Heights is 30 - 40 minutes away.

Valencia County Does has a dog population problem largely because of lax pet laws here that attract people from the city who can come and be reckless and negligent with their pets. Hopefully that will change soon. Even so, I feel safe riding my bike along the network of irrigation ditches, and have had fewer and fewer encounters with dogs that are not contained.

I'm sorry that Ms. Summerfield is disappointed with the area, but I think her lack of experience in this part of the Nation has skewed her perspective. The West is different, and refreshingly so in my opinion. I can look in almost any direction and see mountains. I can travel 30 minutes - 2 hours in any direction and find some of the most interesting cultural and historical places in the Southwest. There is world class fishing, hunting, sightseeing, birding, and hiking opportunities readily accessible from Valencia County. Of course it's not perfect here, but the good far out weighs the bad.

Perhaps the best thing about the Los Lunas area is that you can find a home here that gives you room to breathe and be among great neighbors. If you want to choose a cramped lot in a subdivision, you can do that anywhere. But in the semi rural areas of Los Lunas and Valencia County, you can find a good sized lot in a nice neighborhood for a very good price compared to other places in the nation. I hope you don't let inexperienced people like Laurel change your mind about looking for homes here.

If you need more assistance with information or help locating a home, please don't hesitate to contact me. As a licensed Realtor, I can help you with any home in the area, including those that are for sale by owner.

Thanks!
Dan Gross
... more
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Sat Mar 23, 2013
Dan Gross answered:
Hi Penny, I'm experienced in selling mobile home properties in Valencia County. I have several questions for you that will help me determine the first steps you'll need to take in order to begin the process of selling you property. Please call me at you earliest convenience and we'll talk. My initial consultation service is free.

Thanks,
Dan
... more
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Wed Jan 30, 2013
Harriett Taylor answered:
Good morning Juana,

What a great question. One others are afraid to ask. In fact you may already have credit that you are not aware of. Utility bills, cell phone bills, rent, etc. can all be considered credit.

It is fortunate you are not locked in to just one way to finance a home should you actually not have any credit in your name. Again, building a credit file with the above items and applying for a mortgage or working with owner financing where the owner of the property will let you make payments to him or her without going through a mortgage company. This is called a real estate contract or REC.

I work with a couple of fantastic local lenders who have helped everyone I have sent their way. They will take a strong look at your particular situation and give you excellent guidance. If a mortgage is not a option we can work with, I will search out properties that the sellers will consider an REC.

Give me a try. I believe you will like what I can and will do for you.

Harriett J. Taylor
Exit Altura Realty
601 Main Street
Los Lunas, NM 87031
505-450-8690-Mobile
505-866-6266-Office
... more
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Mon Nov 5, 2012
Leslie Rojas answered:
Hi,
You can also call the county assessors at 505.866.2065 or visit their website under GIS mapping and look for the property to verify the owner of record. If in fact is a corporation or a trust account, you can request paper work from the landlord showing that he is authorize to act in behalf of the corporation/trust account.
Good luck!!
... more
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Tue Oct 30, 2012
Leslie Rojas answered:
Hi John,
If you are able to put 20% down payment then you can get a conventional loan for the mobile home and the flood elevation will not be an issue. It is only an issue if you are trying to get FHA financing.
Steve Lowes at Bank of the West in Los Lunas can help you with that kind of loan.
I can also help you fins a mobile home that is not in a flood zone if you want to use FHA financing.
Give me a call and let me know what exactly you are looking for.
Best Regards,

Leslie Rojas
505-818-8871
... more
0 votes 2 answers Share Flag
Wed Sep 26, 2012
Dan Gross answered:
Hi Charlette,
In the realm of Real Estate, "Agents" and "Transaction Brokers" are "Brokers". Most Realtors in New Mexico act as Transaction Brokers. Some brokers function as agents. As I learned in Real Estate school, an "agent" is a broker who has entered into a contract with a "Client" or Qualifying Broker and acts on their behalf on a real estate transaction within a contractually specified scope of authority. A transaction Broker on the other hand, only facilitates the transaction without acting on their customers behalf, and there is little to no real authority given in their listing or brokerage contract. An agent might do things like interview and enter into rental\lease contracts on a property owners behlf, managing the maintenance of the propeerty, collection of rent and even eviction of tenants. A transaction broker would simply receive and present offers, transfer monies to title companies, facilitate showing of a property etc. without making any real decisions on a property owners behalf.


I'm sure there is more that can be said.. I hope this helps!
Dan Gross
Associate Broker
Exit Altura Realty
Los Lunas, NM 87031
505-220-3612
facebook.com/dangrossrealtor
... more
1 vote 2 answers Share Flag
Thu Sep 13, 2012
Duana Draszkiewicz answered:
Title Insurance is to protect you--quiet title only protects the seller. If someone comes forward later who was not involved in the quiet title you would be at risk. Before the title company issues title insurance they run a title search to be sure nothing is there if they miss something the insurance will cover you Duana Draszkiewicz, Agent Los Lunas NM ... more
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Mon Jun 25, 2012
Leigh-Jo Anzures answered:
Hi Monica,

You may be able to purchase a home. I have worked with buyers who purchased a home using social security. The very first step is to touch basis with a mortgage lender. They'll be able to inform you off all your options.

Plus, with the $100 down payment program on HUD owned properties, you may have more options than you think.

Let me know if I can be of any assistance. There is no cost to you for my help because, the seller pays for my services.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
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Thu May 24, 2012
Steve Quintana answered:
This is a good question for the loan underwriter. Please feel free to give me a call to discuss local lenders and who has a history of doing a good job. You may want to get an answer to this question in writing to prevent the question from being answered differently just before closing.

No all lenders will answer this question the same so be prepared to talk with more than one lender. When you get a satisfactory agreement with a lender who fully comprehends your situation you can move forward.

Not all lenders have the same amount of expertise in dealing with non-routine situations. Your situations may or may not pose a hard question. Your challenge is to make sure your lender can turn your situation into a routine, undramatic transaction.
... more
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Tue Apr 3, 2012
Leigh-Jo Anzures answered:
In the past six months, homes in the Avenida Las Vistas area are selling between $132,000 - $226,000. The sqft for those sales range from 1,178 sqft - 3,754 sqft. These homes were on the market for as little as 26 days to as much as 187 days. There were about three foreclosures that were among the sales.

There are about a half dozen properties that are currently under contract. With the majority of them being short sales, the values for the area could be altered once they close. The value of your home will depend on the overall condition and the time place it on the market.

For a free market valuation with no obligation, go to www.syan.com/valuation and complete the online form. I'll receive the specifications instantly and can provide you with a detailed report immediately.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
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Mon Jan 2, 2012
Scott Asbill answered:
I had a listing similar to your question in Bosque Farms. I could not locate a traditional lender for that property type. I had potential buyers who tried and had the same result. The reason given to me was that the home was built before 1978 and was not on a permanent foundation. It didn't matter that the property and home were both in picture perfect condition. After 1978 there should be traditional loans available but the lender may require the home on a permanent foundation. Two questions to ask the seller first because a lender will want to know those answers before they even get started. ... more
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