Thursday, July 23, 2009

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 and guidelines of the day, they are changing all the time. Why? Of course.

What did that house sell for?

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 - just email me for your FREE copy - no obligation.

Tuesday, July 14, 2009

Pushy Real Estate Agent

Music and real estate

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.

Monday, July 13, 2009

Jefferson Airplane - White Rabbit

And then there is....

Buying a short sale or foreclosure property?



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 the property so be sure and get all of your inspections and due diligence out of the way before you make this commitment.

In both of these scenarios, the closings can take up to 6-10 months or even more!  With a foreclosure the timing is a bit better, than there are no guarantees.

So, if you are in a hurry – buy your new home from a private seller who has it listed with a broker in the MLS so that it has full disclosure on conditions that are important to you – and make your offer according to your time line.


Happy home shopping!  If you would like more information about how to buy a short sale or foreclosure property, please feel free to contact me anytime.

Thursday, July 09, 2009

using phone upload to test my mobile blogging skills

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