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Home Buying in Albuquerque : Real Estate Advice

  • All471
  • Local Info32
  • Home Buying155
  • Home Selling43
  • Market Conditions18

Activity 126
Wed Sep 5, 2012
Laurel Kressler answered:
Please give me a call to discuss your home and I can give you a better idea of what you might realistically expect. GIving a broad range without learning more about your home will not give you a true picture. There are several questions I will need to ask you in order to do that. I would be more than happy to meet with you and give you a free price analysis. Please feel free to call me at 385-9681 or e-mail me directly at Laurelkressler@yahoo.com.

Laurel Kressler
Associate Broker
Keller Williams Realty
505-385-9681
... more
0 votes 16 answers Share Flag
Fri Aug 17, 2012
Roland Vinyard answered:
It isn't. There are no "rules" about this. Fair market value can be determined one way, by what a WILLING BUYER AND A WILLING SELLER AGREE UPON. Appraisals are an intelligent attempt to determine this value ahead of time. Banks employ them to assist with pricing of REOs and those figures are not normally given to the public as they are proprietary information. The figures called "fair market value" and based upon tax rolls can be (but are not always) very inaccurate. I have bought foreclosures below a FAR greater percentage than the listing price than 80% and others will tell you that, in their areas, foreclosures are typically selling well above listing price. ... more
0 votes 7 answers Share Flag
Thu Aug 9, 2012
Bksone answered:
Contact any of the following attorneys (their contact information will be located at www.nmbar.org/findattorney/attorneyfinder.aspx :

Timothy J Murphy
Justin R Sawyer
Larry Reecer


-Kendrick
... more
0 votes 4 answers Share Flag
Tue Nov 13, 2012
Steve Quintana answered:
007, please run this question by a loan originator who does a great job. Give me a call or send me an email and I will introduce you to a lender that always does a great job for me.
0 votes 7 answers Share Flag
Sat Jul 28, 2012
Leigh-Jo Anzures answered:
Hello,

With regard to crime in the area, you'll want to contact the local police department. Only they can properly advise of crime stats for any location in the city.

As for values, In the first 6 months of this year, 17 homes sold. The average price was $353,171. In the first 6 months of 2011, there were only 5 sales, averaging $319.650.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 5 answers Share Flag
Sun Jul 15, 2012
Ron Thomas answered:
That would depend upon what you are looking for:
If you want to buy, you should have a Realtor working for you,
As a buyer, our services are free.
You can't beat a deal like that!
0 votes 4 answers Share Flag
Fri Jul 6, 2012
Mary Padilla answered:
HI!

There is no easy answer to your question. There are hundreds of lenders holding the notes on the short sales. The lenders can be very efficient in their short sale process, using a middle man to assist in their loss-mitigation process, thus resulting in a short sale in as little as 60 days. But, there are many more that are deluged in short sales, understaffed, unorganized and hand off the package internally many times before we see any action.

Some questions I would ask you:
Are you represented by a qualified Buyer Broker? If so, make sure that they are contacting the lien holder at a minimum of once a week.
What process is your short sale at? Has a BPO (appraisal) been completed? Have you done inspections yet? Or, has your seller not even done all of their part by providing updated pay-stubs, bank statements and tax documents. As a buyer, these are the type of things that you need to know.
The average short sale seems to take between 3-5 months, which shows that you are still in that average.

Get your questions answered and then, if things do still seem like they are moving along, hang in there because the outcome of home ownership at a reduced (often 10%) price is the prize!

www.YesRealtyNewMexico.com
(505) 440-4878
... more
0 votes 8 answers Share Flag
Thu Jun 28, 2012
Leigh-Jo Anzures answered:
Hi Ray,

You can get specific listing results soley for 87122 by going to http://www.syan.com/search by doing a map search or by entering 87122 in the zip code section.

You can also setup free listing alerts for the 87122 area. You'll see ALL homes in that zip code and will know about new listings that hit the market before most real estate agents do. You can set them up at http://www.syan.com/alerts

There are presently 163 listings in the 87122 area. Let me know your criteria (e.g. price range, minimum beds/baths, etc.) and I can send you a refined list.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 5 answers Share Flag
Tue Dec 4, 2012
Leigh-Jo Anzures answered:
Hi Veronica,

Unfortunately, there are no homes that are in the $700 monthly payment range at this time. The price range to stay in that zone is under $100,000.

If you'd like, I can set you up with FREE listing alerts so that you know the instant any properties in Ventana Ranch that match your interests. You'll know before most real estate agents do. You can set them up at http://www.syan.com/alerts

You can also perform a map-based property search for Ventana Ranch and surrounding areas at http://www.syan.com/search

Let me know if you have any questions. There is no cost to you for my assistance because the seller pays for my services. So, feel free to connect with me.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 5 answers Share Flag
Thu Jun 14, 2012
Steve Quintana answered:
Yes, in my experience. Floor composition is often questioned by buyers in this price range. Most buyers prefer wood as opposed to laminate.
0 votes 7 answers Share Flag
Sun May 27, 2012
Emily Medvec answered:
Are you looking on behalf of a buyer? Why not search the GARR web site for owner financed properties given you have access as a Realtor. The other thing I would suggest would be to put out an all call throughout your Prudential Real Estate network and also put a post on Craigslist. ... more
0 votes 1 answer Share Flag
Sun May 27, 2012
Monica Atkins answered:
I would be more than happy to help you find your new home. I would like to find out a little more detail about what you're looking for, your price range, anticipated move date to Albuquerque, etc. Please feel free to contact me at 505-440-2990 or via email at matkins@swcp.com. I look forward to hearing from you soon.

Sincerely,

Monica Atkins
Mulit-Million Dollar Producer
Associate Broker/Realtor
505-440-2990 Cell
505-715-5005 Direct
... more
0 votes 8 answers Share Flag
Fri May 18, 2012
Emily Medvec answered:
Hello doubtswimmer,
Your best step would be to visit with your mortgage group at one of your local Albuquerque banks or where you are a customer - bank or credit union. They would best be able to tell you what financial mortgage programs are available to you and your buyer leverage. You may qualify for FHA financing where 3.5% down payment would be an option. Once you know your buying power, then I would visit the local Greater Albuquerque Association of Realtors (www.gaar.com) for assisance from a local Realtor. ... more
0 votes 10 answers Share Flag
Wed May 16, 2012
David Stafford answered:
Although I do not know of a short term rental since our rental market is so tight, here are some tools to help you search for rentals from where you are, these are the best sites I recommend:
http://www.zillow.com/homes/for_rent/
http://www.ammre.com
http://www.tysonproperties.com
http://albuquerque.craigslist.org/apa/
http://classifieds.abqjournal.com/rentals
http://www.dailylobo.com/index.php/classified/houses_for_rent
http://www.rentals.com
http://www.rent.com
Beware of Craigslist scams, of course. I will hunt a bit for you, but meanwhile, check out my website for a special offer for my buyers that wil save you money. I will get back with you with more info soon!
David Stafford
360 Ventures Real Estate
505.750.3360
... more
0 votes 6 answers Share Flag
Mon May 21, 2012
Leigh-Jo Anzures answered:
You may want to consider making an online radio station. You can stream live while bypassing the typical bureaucracy. It's cheaper and can be profitable in multiple ways (e.g. Streaming ads, site ads, etc).

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 4 answers Share Flag
Wed May 16, 2012
Scott Godzyk answered:
Robert the best way to see more homes is to hire a Buyer Broker who can assist you in getting homes to see, information and conduct the showings.
0 votes 10 answers Share Flag
Thu Jan 3, 2013
Leigh-Jo Anzures answered:
Hello,

The first step I would recommend is, speak with a mortgage specialist. This will inform you of all the options you have. Today's interest rates are amazing and the incentives for buyers are jaw dropping.

For example, there are HUD homes available with a $100 down payment program. Sky really is the limit for you, but knowing which direction you can go in will first be determined by your financing.

Since the seller pays for my services, there is NO cost to you for my assistance. I will be able to work with you from getting financed all the way through closing and after.

I can also set you up with FREE listing alerts so that you know about the hot deals before most agents do. You can easily set these up at http://www.syan.com/alerts

You can also perfom a no-sign up map-based property search at http://www.syan.com/search

You can call, text or email me. I respond!

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 18 answers Share Flag
Wed Apr 11, 2012
The Roskelly Team answered:
Absolutely not. Even if it were legal our team only makes vendor recommendations to tried and true lenders, title companies, contractors etc. We are putting our reputation on the line to make sure our clients get the best service. We are also able to provide loyalty to those vendors by recommending them and that often gets our clients special savings or job priority.

When HMS offered warranty rebates we accumulated those and donated the full amount to a local charity each Christmas. Any agent that recommends vendors on anything other than their merits is doing their clients a disservice.
... more
0 votes 3 answers Share Flag
Sat Apr 5, 2014
Gale Acton answered:
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 different! I would suggest getting away from short sales if possible! If not PATIENCE it the best I can tell you! ... more
0 votes 13 answers Share Flag
Mon Apr 9, 2012
Rozalyn Franklin answered:
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. Short sales a tricky and can take as long as 120 days to close ... more
0 votes 7 answers Share Flag
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