Here are the mid-year sales stats - stay tuned as 2009 should be out momentarily - have a very Happy New Year For all of the real estate information all the time - Click to our website

How much do I offer on a foreclosed home? A great question, so I thought I would run some statistics about how much these homes really sell for, vs the listing price that is advertised. A study done of closed sales, on bank owned properties January 1st through today, 2009. 391 bank owned homes sold in 2009. The bank owned homes that sold the quickest? Price in the 130’s – the average days on the market for this category was approximately 30 days. The bank owned properties that took the longest to sell? Price in the 800’s and up – the average days on the market for this category was over 300 days, up to 800 days. When we look at how close the sold price came to the actual listing price, when a bank owned property sold in the first 30 days, the LISTING PRICE TO SALES PRICE RATIO was 99%. When the bank owned property stayed on the market over 120 days, the LISTING PRICE TO SALES PRICE RATIO went to 93%. It is notable that this statistic is the same for CDOM (cumulative days on the mar...

Have you been wondering what the new Home Buyer Tax Credit is all about? I'm sharing a document with you that may just put it all into perspective and if you need any further assistance with buying your new Albuquerque home , please contact the eTeam right away! We are here to help.

Now there is a new link for Horse Properties in the Albuquerque area on my website; these properties are updated daily for new property listings that either have horse facilities already in place or are zoned for horse facilities. Enjoy your visit - HORSE PROPERTIES

For those of you wanting to buy that perfect 'HORSE PROPERTY ' in the Albuquerque area, here's an easy search for you. These properties either have facilities already in place for Trigger, or have the related zoning requirements in place to allow you to build the perfect house for your horse. I grew up with horses, raising and training them, loving them, showing them...they are the best friends! I loved riding the foothills of the Manzanos and chasing the ground owls on long summer days. S0 - have fun with your search, and let me know how The eTeam can assist you with your next home purchase or sale - we are here to help. Click here for 'horse properties' and save your search - TRIGGER FINDS A HOUSE

I have noticed something lately. Every morning and every evening I pull up Active listings and Pending listings, what has sold and been listed in the last 24 hours. I also pull up activity for vacant homes vs. occupied homes as a separate list. What I have noticed lately is an abundance of activity for 'vacant' homes finally going under contract in the Albuquerque area. This is great news for our inventory. It means that more of these homes that the owners have left b/c of job transfers or even foreclosure - have finally found new owners! If the owners have left for other job opportunities it means they will now be able to buy at their new destination. It means that foreclosures (which are fairly low in our area) are being bought and finding new families to love them. If an owner has vacated their Albuquerque home to buy another one locally...it means now they have been relieved of the responsibility of ownership and can move on with more productive activities. I feel...

Here in New Mexico, we are what is considered a "limited non-disclosure state". This means that property sales information is only available through the MLS to licensed brokers. While in other states, where Zillow pulls the information from, the sales price information is available through the county public records - the tax assessors in New Mexico only have the information for the basis of assessing the property for tax values. Zillow uses county records to estimate their values for properties, because these values are easily available through on-line resources. In New Mexico, these records are not available to the public, so Zillow does "guesses" based on current listing information. The tax assessors in New Mexico only recently were made privy to this information, so tax values are still being calculated, so it is still difficult to pull what looks like the 'assessed' value and come up with a sales value for a property. On that same ...

KOB.com - Some experts say now is time to list home on market Don't wait! The right buyer could come along while you have your home off the market; your neighbor's house for sale will sell and you will be left behind. It's an old fashioned notion that to sell your Albuquerque home , you somehow have to capture the 'back to school' market, but in today's technological world that just isn't true. Buyers have been watching and planning, and job shifts have brought on new times to move. Put your Albuquerque home on the market now to get in front of the new buyers' eyes.

Here are the reasons to list your Albuquerque home for sale during the holidays....no kidding! 1. There is less competition for buyers. 2. Winter prospects are more serious buyers. 3. Your home looks better during the holidays. 4. One of the highest percentages if “the listing sold” to “listing taken” occurs during this time of year. 5. Expanded Home Buyer Tax Credit, for First-Time Home Buyers and Existing Home Buyers (specified criteria applies as defined by law). 6. You may receive more money for your home now because you have less competition. 7. Throughout the holiday season, you may restrict showings during your personal family events. 8. Buyers have more time to look at homes during the holidays, especially during vacations. 9. January is traditionally the biggest transfer month and you must be on the market to capture that market. 10. By selling now you can have a delayed closing or extended occupancy until the beginning of the following year if you want it. 11. When you sel...

This is an entertainer's dream home - Call me today for details!

Redrum Realty from dannahanddanielle and Danielle Schneider - Video A very special group of professional real estate agents just waiting to serve your real estate needs

Search for GREEN homes in Albuquerque with just one click! One mouse click away from finding homes in Albuquerque with green features - remember, just one GREEN change can make alot of difference! Find your GREEN BUILT HOME TODAY !

From Scott Cummings at Cummings Financial, visit his website at LOANS ON HOMES Here is an update on the financial and mortgage markets. The good news is mortgage rates are rallying and moving lower. The Consumer Price Index was reported slightly higher than expected this morning. When volatile food and energy were stripped out, however, the Core CPI was in line with expectations. The Bond market liked the report and initially added to yesterday's gains, but have since come down after the Capacity Utilization and Industrial Production both came in a little hotter than expected. Stocks, on the other hand, are at 2009 highs and are getting a boost this morning on positive comments from billionaire investor Warren Buffet, who remarked that the US economy has bottomed out.Currently, the Bond remains above support at the 25-Day and 100-Day Moving Averages. I recommend floating as long as these floors hold. I will continue to monitor the situation and let you know if a change of c...

Great views in and around Albuquerque - Hope you enjoy the vistas! For more information about Albuquerque, visit us at www.RealEstateInABQ.com

Ever wonder about Pueblo style homes? They are unique to our SW area - and are a real treat to see - Check out these lovely pueblo style homes and contact me with any questions you have about these types of properties: PUEBLO STYLE HOMES

Active MLS Listings for Friday, August 21, 2009 Areas 10-121,130,140-162,170,180,210-293,690-760 Residential 6299 Res Detached 5398 Res Attached 637 Res Manufactured 264 Land 5655 Res Income 205 Commercial 166 Farm 22 Res Rental 114

Active MLS Listings for Thursday, August 20, 2009 Areas 10-121,130,140-162,170,180,210-293,690-760 Residential 6294 Res Detached 5400 Res Attached 631 Res Manufactured 263 Land 5659 Res Income 204 Commercial 166 Farm 22 Res Rental 113

So, if you are wanting to SELL your Albuquerque home , what should you look for in a broker? Number One - find someone with great Internet presence! Why? Simple...that's where the buyers are. The buyers, over 80% of them, are looking on the Internet for homes. Find an individual broker who has high presence for a search for your area, for instance - I can't resist the personal promotion here - Albuquerque real estate - and list with that broker. They will expose your property to more buyers in more areas of the Internet than anyone else. They understand the value of good quality photos, property specific websites and quick contact through their email and text messaging programs for your property. Number Two - find someone with great Internet skills! Why? Go Green - paperless transactions, easy communication, great documentation through the transaction and showing updates for feedback on your property. Number Three - find someone with great education in the new rules a...

Have questions about values before you commit to selling your Albuquerque home ? What are homes selling for in the area? Here is a quick and easy, no pressure way, to find out if you need to take that next step to calling me to come see your home and get you the marketing plan best for your property and time line. This tool will get you your neighborhood information and keep you updated on the market. You can also get a Free Seller's Report for staging tips and tricks - emailed right to your inbox. Don't call me until you are ready, and these tools will get you the information you need before we start the process. For my free Seller's book - published and for sale on Amazon.com - just email me for your FREE copy - no obligation.

Had an amazing time last evening watching YouTube videos of fantastic rock 'n roll shows from the 60's...wonderful music, and a wonderful time. Do you know how much a home cost back then? In New Mexico, the average price of a home was $76,900 - wow, amazing. Long term, your best investment is in your home - so why rent? Maybe short term for renting is fine....I remember renting a nice apartment in a nice part of town when I had a transitional time in my life but took the time to analyze what it would cost to own my own space instead of renting. I moved into a beautiful small condo in the same part of town for just a few dollars more and never looked back. Take a sneak peak at condos in Albuquerque and see if you would rather own your own little piece of the air instead of making your landlord rich.

And then there is....

  These are great ways to get amazing deals on properties, but be aware that there is often a real time drawback to this type of purchase. A ‘short sale’ is where the seller still owns the house, it has not gone into foreclosure, but they owe more on the property than the market value will now support.  In order to facilitate this type of purchase it requires that the lien holder (the bank or mortgage company) has to agree to forgive the lien amount to an amount that will allow the sale.  So – there is a third party involved.  This third party is also a corporate entity, and I don’t think I need to say more about wading through that ditch. A foreclosure is where the bank now owns the property, and is trying to sell it to the highest bidder.  Again, you are dealing with an entity that has no time constraints and sometimes by their behavior you are going to think they don’t have any motivation either.  They also will not know anything at all about th...

using phone upload to test my mobile blogging skills

How To Make Your Realtor Get You the Best Deal, Albuquerque New Mexico edition Shared via AddThis

Another great report on Albuquerque - this time from US News and World Report -

ABQNews: Why Kiplinger Picked Albuquerque As The #2 City In The Country Shared via AddThis

TODAY'S PROPERTY SEARCH - CONDO AND LOFT PROPERTIES Condos and lofts in the Albuquerque area – great opportunity to live in areas where buying a single family residential property might be out of your budget. Location location location is what you are looking for in real estate, and this might be just the way to do it! Easy living, no yard to take care of – close it up and go enjoy your day! That’s what Condo and Lofts can offer. A lot of great opportunities exist in the Downtown, UNM, Northeast, and Northwest areas. Even Corrales and the North Valley offer great living opportunities in this type of property. Home owner’s fees will usually cover hazard insurance, private roads, common areas (gardens and park areas) and some will even pay for water and city services costs. Enjoy your tour of Albuquerque condos and lofts! CLICK HERE TO SEARCH ALBUQUERQUE CONDOS AND LOFTS

FEATURED TODAY - CONDOS AND LOFTS IN THE ALBUQUERQUE AREA

TANOAN EAST The area of Tanoan is a gated community made up of East and West walled areas. Started in the late 1980’s, this neighborhood features the private Tanoan Country Club . This club features golfing, tennis, fine dining, swimming, a first class pro shop all housed in a gorgeous facility. The gated aspect of the neighborhood provides security and privacy for its residents. Homes range in the area of a starting price of $300,000 for townhomes and patio homes to estate homes reaching the $2,000,000 mark. The private streets are supervised with a 24 hour guard, and the residents enjoy a quiet and tranquil neighborhood feeling. Events are scheduled regularly for the community including the Fourth of July fireworks which has become a real Albuquerque tradition.The East side of the Tanoan community is where the club amenities are located. This gate is located East of the Eubank/Academy Road intersection. CLICK HERE to search Tanoan East homes

TODAY'S NEIGHBORHOOD SEARCH - SANDIA HEIGHTS Situated at the base of the Sandia Mountains, this neighborhood features fantastic views of the city of Albuquerque. The neighborhood began in the mid 1980’s with custom homes on large mountain lots. It is not unusual to see abundant wildlife in the area including bobcats, quail, deer and hawks. Contemporary and adobe–styled homes on one–half to one-acre lots start in the mid $200,000 range for townhomes and patio homes, and range up to the $2,000,000 dollar mark for homes backing to the protected nature area at the top of the building envelope. Natural landscaping is dominant in this area as well as great city views. Many "Santa Fe" style homes amid southwest contemporaries. This is a highly sought after area because of the larger lots and views of the city as well as the World Famous Sandia Peak Tramway . FOR A SEARCH OF SANDIA HEIGHTS PROPERTIES: CLICK IN THIS LINK

I know you are reading alot of statistics here and there and everywhere about what the market is like. Depending on the delivery the stats are useful, or not. Be aware when you see statistics that the market is "up" with pending sales (as recently reported), be curious as to how that data was collected. In my opinion it had more to do that the inventory of available new home inventory has decreased, causing buyers to buy re-sale homes that are in the MLS; often new home sales are not reported in the MLS. So, yes buyers are out there, but are there more buyers, or just less homes? When you see sales increasing in an area, don't think that this means, as a seller, that you should start holding out for a higher price than market value. Let's remember that Market Value is where you get an offer - so if you have had an appraisal 5 months ago that told you a price, that doesn't mean this is where it is going to sell. If you see home sales increasing in your area, race...

You know how powerful the Network is, otherwise you wouldn't be on the Internet. The National Association of Realtors stated that over 80% of home buyers and sellers are on the Internet shopping for homes and finding out what is for sale. It also stands to reason that my biggest source of eyes for your property is my Network that I have with my fellow brokers. The answer is Yes, but if only I could get to them! My association that I belong to doesn't make available a down loadable updated list of email addresses for the membership for me to access. This prevents me from marketing your property to them in the form of announcements of open houses, broker open luncheons, special features and flyers that would make your property stand out in the crowd of over 5,000 listings. Unfortunately there is no easily accessible method to send out an email to everyone even in my own company at Coldwell Banker Legacy - at least not yet. I am lobbying to have this available. The co...

Yes, that's right! I work for free when your home is for sale and listed with me. I get paid when your home sale closes. Until then, I work for free; all the photos that I take, all of the virtual tours, the marketing, the open houses, the continuing education classes that I take during the time your home is on the market - I'm paying for that. All of my office expenses, my paid assistant, my gas bill and my car maintenance, I'm paying for that. While your home is for sale I'm networking with other brokers about your property, going on Realtor tours and learning about the market. I'm maintaining my websites and making sure that all of your property photos and marketing materials are up to date. I'm paying for that. During some markets, I work for free for a few weeks. During some markets I work for free for months, even years. I don't charge consulting fees, but I'm always here for your questions and concerns. When you pick up that phone or se...

Home sales are starting to move up and I'm seeing homes selling quicker! Especially NEW LISTINGS - fresh inventory is catching the eye of the buyers. Speaking of buyers, I noticed something while shopping; I'm an avid shopper and even tho I've been on withdrawals b/c of conserving $$'s, I still like to kill some time and destress by window shopping (the ever hopeful "wish board") I noticed today that both Costco and T.J. Maxx have ramped up the quality of the inventory - does this mean that maybe Albuquerque is moving up in the category of retail shops. I know that for a long time many of our national chains have not carried the same type of inventory as in other areas, and it has been because we aren't considered an "A" location. Maybe now the "A" can stand for more than Albuquerque - back to shopping!

southwestern beauty

Great buy in Four hills!

I spend a few minutes every day looking at what is selling - going through pending sales and compiling data for area, pricing, and days on the market . What I am finding consistently is this - when I see a DOM (days on the market) in three figures, I'm also finding the 'start' price being dropped by 10-20%. In the upper price ranges or challenging areas it usually hovers in the 20% range of a price reduction to procure an offer. What this means is - when you start out to price your home, price it under the market value to start out with. I consistently see these types of pricing strategies to produce very fast results for a sale. When you have a fast sale you have less maintenance cost to maintain the property, you pay off your loans on the property quicker and thus reduce your portfolio costs. No more utility bills, no more worries, and you can move to your next investment more quickly. Albuquerque's market is still suffering less than in other areas, but it still ...

There is a debate about whether we, as real estate professionals, should share SOLD and PENDING data so easily with the public. My view? Yes,and why not? We aren't the gate keepers of the data so that customers need us just for this info. We are consultants. Our knowledge and training goes far beyond just being gatekeepers. There are alot of real estate business models that only allow for putting data INTO the MLS system without any consulting and that business model never seems to really leap beyond the customers real needs. I am often taking over the listings of these business models. Why? The consumers are needing advice, they are needing guidance and professionalism. By sharing this data I believe we will begin having real transparency in the system. No longer will we experience listing brokers trying to cheat the data by changing addresses to hide the true market time statistics, we won't have constant re-lists in an attempt to hide from the public how long the propert...

Many times I hear this from customers who want to list their home. "...I just had an appraisal, and it was..." Why doesn't that make a difference about what the house is 'worth'? Because we don't know what your house is worth....what determines worth is what a buyer is willing to bring to the table after your home has been suitably exposed to the marketplace. This means that you must put the property into the MLS at a good comparative price based on an expert Realtor® opinion, make sure the MLS information is correct, and qualify each and every buyer that comes through the door. The Realtor® opinion is based on what experience and knowledge of the marketplace, what buyers are looking for and the current market mood and conditions. Even though it is a fact that appraisers will use the same data to come up with a value for the property, that value is based on an "intended user, intended use" theory. It means that most likely you had the appraisal ...

My Facebook connection - what a great way to share information, news and updates with your friends.

What the heck happened to gas prices in Albuquerque while I was at a real estate seminar? I leave at $1.49 a gallon and come back to $1.79 a gallon. Tell me there is a reason - good thing we work electronically so that driving isn't so essential.

I'm asked - How do I get my Albuquerque home sold? Simple - a few things that are very important. 1. Hire a great broker to represent you. This doesn't mean they have to have the BIGGEST numbers, but they have to be active in the market enough to know the most recent in's/out's...things to be careful of - for example a very big, long time inspection company just closed it's doors today. You need a broker that is on top of this kind of information to guide you through the process. They have to be busy enough in the market on a daily basis that they have the latest mortgage information, title information - and since we are in the information age - that means every day! It isn't just about putting the home into MLS and letting it sit. They have to help you through the decisions. 2. Stage your house so that there are no objections. We can't help it if you have a strange floorplan, it won't be strange at the right price for the right buyer, so if ...

Here's a brief overview of my Marketing Plan for getting your Albuquerque home sold - these are the basics of my Marketing strategy Get your own - Open publication