Real estate practices, customs and laws can vary significantly from state to state. Whether you’re a buyer or seller, it’s in your best interest to arm yourself with the most comprehensive, market-specific information available. Albuquerque Realtor® Linda DeVlieg agrees that “knowledge is power” for her real estate clients. That is what prompted her and Summit County Realtor® Ken Deshaies to collaborate on an informative new book titled “Get the Best Deal When Selling Your Home, Albuquerque, New Mexico Edition.” “For most people, their home is the largest single investment they will make in their lives,” Linda says. Also covered are important issues ranging from the role of the Internet in today’s tech-savvy market, to the Multiple Listing Service, Property Valuation, Market Conditions, Preparing Your Home For Sale, Screening Prospective Buyers, the Closing—Table, and finally, Preparing for Uncle Sam. The next section of the book speaks to prospective buyers. While the Internet pro...

The rise and fall of real estate prices has become such a national obsession, the stats really ought to be carried on the sports pages. Small wonder, as the number of Americans buying investment property has boomed in recent years. But with double-digit price appreciation slowing or vanishing from many markets, the question has become, what's next? "The entire country has benefited from declining interest rates," said John Burns, an Irvine-Calif.-based real estate analyst. "But what's been very interesting in the recent cycles is that investor activity has driven a lot of the behavior." Despite talk of a national real estate bubble, housing sales and prices are local phenomenon driven by the trinity of local job growth, the supply of new homes and affordability, Burns said. Add in wild cards like climate, rapidly-changing demographics and investor activity and markets throughout the nation behave in idiosyncratic ways. Markets that are growing A varie...

Alot of stuff on the news today about the mortgage market! We had news today that a primary mortgage source went under, leaving 3 MAJOR mortgage companies in Albuquerque without ways to fund their loans. This is causing a slight nail biting within our industry today, but take some sedatives and know this - ALL IS NOT LOST! Stick with a good mortgage source and you won't have any issues. IT'S NOT ALWAYS PRICE BUT SERVICE AND RELIABILITY! Here's a word from my mortgage expert, Tony Valencia at Superior Mortage: To whom it may concern: In light of recent events I wanted to keep you informed on the state of the mortgage market in Albuquerque. First Magnus which has many smaller companies under its umbrella has shut its doors. These companies have stopped taking loan applications and funding of their loans until other resources can be located. Finding other lending resources is a tedious task and may take longer than expected to obtain. Superior Mortgage is a di...