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Selling Albuquerque Real Estate.....

is completely fun!  Seriously, it is.  There is such a variety of homes out there, and I see all of them from one 'end' to the other every week. Albuquerque has a variety of styles!  Adobe homes , Scottsdale style homes, brick homes, traditional 'ranch' style homes - it's just a kick to get out and tour these properties.... Gotta go for now - more photos and videos to come! Oh, this is my favorite yard buddy....

Albuquerque Real Estate definitions - "Realtor®"

Realtor® - a real estate broker or an associate who holds active membership in a local real estate board that is affiliated with the National Association of REALTORS ® Not all real estate agents or licensees are Realtors® - why does that make a difference?  A real estate licensee that is not a Realtor® is not bound by the Code of Ethics which governs our interaction with the public and other Realtors®. In order to be a member of the Southwest Multiple Listing Service, you have to have a Realtor® membership and be a member of the Great Albuquerque Association of Realtors® So, not all individuals that hold a real estate license are Realtors® - for more information, please contact  Linda DeVlieg's eTeam  anytime!  The team can keep you updated on all listings, market information and sales activity for all of the Albuquerque metropolitan area.  For your next Albuquerque home, contact the eTeam

Albuquerque Real Estate definitions - TITLE INSURANCE

Title Insurance: Insurance that protects the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of the property. In Albuquerque real estate transactions , it is a customary practice that the seller will pay for the owner's policy on the closing of their Albuquerque home.  The interesting part is that Albuquerque home builders (as sellers) will pass this cost on to the buyer, thus causing the buyer to have to pay this cost again when they sell the house.  Buyers of Albuquerque homes should be aware of this when they factor in the costs of purchasing a new construction home in Albuquerque. For questions regarding title and the process - contact Fidelity Title Have questions about real estate in Albuquerque?  Come see/email/chat/ with us anytime!

Albuquerque Real Estate definitions - CLOSING COSTS

We are often asked 'what are closing costs' when a buyer is purchasing a home and a seller is selling a  home.  These typical closing costs vary from market place to market place. In Albuquerque, for example, customary closing costs for sellers are the title fees, and the buyers' closing costs are typically anything associated with their loan.  The buyer may be asked to pay for the inspections and home warranty if these are desired. "Expenses (over and above the price of the property) incurred by buyers and sellers in transferring ownership of a property.  Closing costs normally include an origination fee, an attorney's fee, taxes, an amount placed in escrow, and charges for obtaining title insurance and a survey.  Closing cost percentages will vary according to the area of the country; lenders or Realtors® often provide estimates of closing costs to prospective homebuyers and sellers." In my co-authored book "Get the Best Deal When Selling Your H

Albuquerque real estate definitions - The Acceleration Clause

First in a series of articles regarding 'real estate words' that you might encounter in your search for an Albuquerque home or while selling your Albuquerque home. Acceleration clause A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed, or if a provision of the mortgage is violated. You may run across this term during the course of a Real Estate Contract (or in common terms Seller Financing ).  If you are buying a home with a NM Real Estate Contract and someone talks about the 'acceleration clause' be aware of the practical applications of this term.  If the home you are purchasing (or selling) has an existing mortgage on it, most likely the mortgage document has an 'acceleration clause' contained in the document which prevents you from transferring ownership of the property without paying off the existing loan.  If you buy a home with a NM Real Estate Contract, y

#8 Albuquerque Home Staging Article - THE IMPORTANCE OF HIRING A PROFESSIONAL

#8 in a Series of 8 Articles - THE IMPORTANCE OF HIRING A PROFESSIONAL Why hire a professional designer - to avoid costly and time consuming mistakes, for one. Secondly, to save on your time – a professional knows where to go and who to talk with. Your time is valuable and a designer can save you time, money and headaches, especially when it comes to knowing where to go. Thirdly, to obtain the desired result/outcome of the project. Many people think that watching HGTV gives them liberty to do everything themselves. This is a mistake. When you do not really know what you are doing – only think you do – that is the result a potential buyer sees, a “do it yourself job”. Not the result you should be going for. In this economy, time is money and selling a house takes time – why waste it. Hire a professional – if only for a few hours. Perhaps you need help with picking out a new paint color, ideas on staging your home, what to take & what to keep, etc. The point is to sell your hom

#7 in a Series of 8 Articles – LANDSCAPING your Albuquerque home

Look at landscaping as the “Cherry on the Sundae” – you need potential buyers to want to stop and look at the house. Curb appeal is very important – I can’t stress this enough! If the landscaping is lacking the general overall impression is so is the rest of the house – not good. Remember, Xeriscaping does not mean rock and only rock. Here in the Southwest, water is a very important commodity and today’s savvy home buyers are keeping this in mind. The backyard is just as important – it needs to be manicured and if possible, staged as an extra entertainment area. Even small patios can be used as an extension of the home almost year around in Albuquerque. Create an atmosphere that not only is inviting and welcoming to the buyer, but helps them envision the possibilities of entertaining in your home. _________________________________________________________________________ For more great information about staging and presenting your Albuquerque home to your next buyer, plea

REALTOR® Magazine-Daily News-Three Reasons to Buy a Home Now

REALTOR® Magazine-Daily News-Three Reasons to Buy a Home Now A great article about why now is the perfect time to buy your Albuquerque Home

Market Statistics for Albuquerque Real Estate - AREAS showing an increase in price

Chart 1: Month over Month increases in Median Sale Price Summary of Chart 1: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous year. With 42 Areas reporting 2 or more sales, 19 saw price increases and 23 Areas saw price reductions. Interesting to note is the fact that four of the areas had decreases in the number of home sales yet still had increases in the sale price. Chart 2: QTR over QTR increases in Median Sale Price Summary of Chart 2: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous quarter. With 44 Areas reporting 5 or more sales, 17 saw price increases and 27 saw price reductions. Chart 3: Year over Year increases in Median Sale Price   Summary of Chart 3: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous Year-to-Date sales. With 46 areas reporting 5 or more sales, 17 saw price

#6 in a Series of 8 Articles - WHICH ROOMS TO UPDATE &/or REMODEL & WHY

Here are some more great tips for Selling your Albuquerque Home - staging is so important that I have asked my friend Karla to give us these great tips - be sure and contact her for more information about how her services can help you sell your own home! The “Biggest Bang” for your money continues to be updating &/or remodeling your Kitchen. This is not only a good investment, but also a powerful tool to help sell a home. Even in this market a homeowner should be able to recapture their investment. Bathroom remodels/updates are also important – especially the MBR Bathroom. Everyone wants a luxurious bathroom – make it an inspiring selling point with dual sinks, contemporary plbg. and light fixtures, new flooring, noteworthy countertops, etc. Powder Rooms are a superb opportunity to make striking statements – think of them as little jewel boxes. This is where you can get very creative with unusual wall treatments, artwork, one of a kind sinks and so forth. A Powder R

Albuquerque Real Estate FAQ's - "Why do you always ask if I already have a Realtor®?"

You are surfing the web, or driving by your favorite neighborhood and there you see it, a house you want to know about!  It's so exciting to see the opportunities! So, you pick up the phone or email the broker and ask about the property.  You might even click on the link that says " request a showing ". When the Realtor® responds, one of the questions they are going to ask you is "Are you working with a broker?"  Why do we ask this question?  Can't we just show you the house? Many times the home you have called on is not our personal listing.  If you see it on the Internet, you might be seeing it via our IDX feed, which is a service we provide to show you all of the listings in MLS on the websites .  If you call on a sign, it might not be the listing broker that is taking the call personally - it might be someone in the company who is on duty to take inquiries on properties.  Only a licensed real estate professional can answer questions about a prope

#5 in a Series of 8 Articles - ACCENT PAINT COLORS (Yes/No & Placement)

A most definite YES!! Adding a “Pop of Color” with an Accent wall painted sporadically through-out a home (using one or two accent colors) can not only have an impact, but can create architectural interest - in addition to effecting one's moods, emotions, blood pressure, etc. Even to the point of producing physical sensations such as joy, calmness, a feeling of luxury and romance - just to mention a few. With proper placement, an accent &/or contrasting color(s) within an interior space can enhance the atmosphere and make a space appear larger and more interesting to the visitor. An interior with accent shades of color will captivate a possible buyer’s imagination to visualize themselves within the home - thus creating a feeling of “I’m home” or “this is it!” Karla McWhorter Interior Styling by Karla Ph: 275-6819 & Cell: 228-3489

Albuquerque Real Estate FAQ's - Why do you always ask if I am prequalified?

Today I'm starting our Albuquerque Real Estate FAQ's....a series of simple answers to often asked and seldom answered-in-plain-English questions about real estate. "Why do you always ask if I'm prequalified ?" Let's see, you call on a property and ask to see a home that you find on the Internet, or drive by - and the broker will ask you "are you prequalified"?  While it probably feels like an invasion of your privacy or too picky-uney - here's why you are being asked: When we, as real estate professionals, list a property, very often one of the items that we go over with the seller is that we are making sure that the security of the property is on the top of our priority list...we make sure that the alarm codes are kept private, and that the home will be secured after a showing.  During these discussions a seller will almost always ask "can you make sure that the buyers are prequalified, and not just lookie loos"?   It takes quit

#4 in a Series of 8 Articles - THE IMPORTANCE OF PAINTING THE INTERIOR

Does a fresh coat of paint really make a difference when selling a home ? Absolutely! It can hide a multitude of issues, as well as help make the home look and feel new. It is important that you use the correct type of paint - a flat finish thru-out the home and an enamel in the bathrooms &/or the kitchen only when a gas stove is present. The current trend is to paint the ceiling the same color as the walls. Trim and doors should be a contrasting color – bone/off-white, beige, stained, etc. This allows the architectural trim to be more prominent and dress up the room. Paint is one of the most cost-effective ways to immediately improve the overall impression of a home. After all, isn’t that what you are going for – a good impression ? Karla McWhorter Interior Styling by Karla Ph: 275-6819 & Cell: 228-3489

Closing in the car!

Had another great experience with technology in my business yesterday. Coming back from the holiday...one of our closings had been delayed and suddenly happened while we were driving home. The title company emailed me saying docs were ready and the buyer would be in to sign. My client, one in Arizona and one in Poland, were to review everything prior to closing. Title emailed everyone the closing statement....I reviewed and found a change, then my seller in Poland emailed to ask questions..same from client in Arizona and all the while I'm riding home and reviewing everything via iPad.  The sellers had also been signing the contracts via Docusign so the entire process had been so easy and fast.  No delays. By the time I arrived to lunch in Santa Fe the buyers were on their way to closing and by the time I got home to Albuquerque the buyers were getting the keys! No delays and no fuss....what a great time to practice real estate sales !

But I need to find a rental in Albuquerque!

Have you had a hard time finding a rental through the MLS ?  A hard time finding a real estate broker who works in traditional sales to help you find a rental? Don't feel alone.  Everyone does.  In case nobody has taken the time to tell you why, here goes - In many areas of the country, there is a centralized database - either in the MLS or a similar product - which allows showing and cooperation between brokers and brokerages to show and lease out properties.  This is a system very much like the use of the MLS for selling properties.  This system establishes the inventory, and offers it with compensation to other brokers to show and lease the properties for their clients. In Albuquerque there isn't any such product.  Real estate brokerages that specialize in sales live in a separate world than property management companies.  The property management companies will show and lease their own inventory.  There is no centralized database to find all the rentals that are av

#3 in a Series of 8 Articles - ROOMS THAT NEED TO BE STAGED

More tips and ideas about staging your Albuquerque home for sale Do you know which rooms are important to stage when putting a house on the market and why? • Living Room/Great Room (LR) • Dining Room (DR) • Master Bedroom (MBR) • Bathrooms • Kitchen It is important to make a house look more like a Home. You want to produce a warm & welcoming effect on the visitors, encouraging them to linger. The longer the prospective visitors are in the Home – the better the chances are of making a positive & lasting impression. Staging a home will help the potential buyers to visualize their furniture & furnishing within the house. When staged correctly, it can also be used as a tool to help make a room appear larger than it actually is – this is especially important when it comes to the Master Bedroom, and living areas. For more information about staging, contact Interior Styling by Karla today! If you would like a free copy of my book for Sellers - please fill o

Do you think there is life after a short sale? Think again

I was reading an article this weekend about how short sale sellers aren't exactly off the hook to go on with the rest of their lives after they and their broker have 'negotiated' a short sale. A recent Washington Post article talks to this point, that homeowners who refinanced their homes and then subsequently negotiate a short sale are not protected from deficiency judgements brought by the banks.  Even after you have negotiated the short sale, the banks can come back to you and require that you pay back the forgiven amounts. I'm the first one to admit I have stayed away from this part of the market.   I could {and probably will} write another blog piece about how I think even the term "short sale" isn't exactly what we should be calling these types of sales....but I digress....but the entire process just seems ripe for these types of uncertainties. Why has this happened?  In years past, when a 'short sale' was just a term we used when the

Why the virtual office?

Interesting discussion going on today on the social networking sites about "virtual offices".  I have run a virtual office for years, finding that being in the office doesn't mean I'm in my business.  Lots of distractions and lines at the copy machine made it inefficient for me to get anything done. I can accomplish more for my clients by being virtual than by having a physical office.  The time it takes just to get to the office, set up materials and deal with office details is time that I could be dealing with 2-3 items and getting them cleared up!  Reports, offers, paper things - oh those paper things!  With Internet faxing we don't need fax machines anymore.  With email we hardly need faxes anymore.  With file sharing we hardly need email anymore.... The amount of work that I and my team can accomplish in a day just by being virtual is virtually impressive!  Oh, and my assistants - they are virtual, too.  Transactions can now be processed so quickly

It's better to buy than rent an Albuquerque home!

This morning Trulia published their rent/buy analysis for various cities.  Albuquerque placed with a rating of "14".  The Price to Rent Ratio interpretation is this: If a city receives a score of anything from 1-15, it is much less expensive to own than to rent a home in this city.  The factors used to calculate this score are the mortgage (principle and interest), property taxes, hazard insurance, closing costs and ongoing Home Owner Association Dues and private mortgage insurance where applied.  The calculations are used to include an offset for the tax advantages of home ownership, including mortgage interest, property tax and closing cost deductions. The total cost of renting is calculated to use rent plus renter's insurance. Also, in Albuquerque it is pretty difficult to find a short term rental, 6 months or less - and if you choose to rent you stand of chance of 'missing the market'.  I have lived in Albuquerque since 1979 and I have seen many changes

#2 in a Series of 8 Articles – AN INVITING ENTRY for your Albuquerque home

What is the “Functionality” of an Entry and/or Foyer? This is where you are able to set the tone for the rest of the home and create some impact on the first-time visitor. Intensify this impression by adding some extra pizzazz and drama to this part of your Albuquerque home to generate extra interest. Using mirrors, artwork, tables and rugs are not only functional, but they also provide your guest with an appealing introduction that will impart a lingering effect when entering and leaving the home. When possible have a table in the entry where Realtors can leave their business cards for you and your Listing Realtor to review at a later date. Remember, first impressions are everything! For more information about how to get your property staged, or for a consultation, please contact: Karla McWhorter Interior Styling by Karla Ph: 275-6819 Cell: 228-3489 http://www.interiorstylingbykarla.com/

New Supply/Demand reports for Albuquerque real estate

New Supply/Demand reports for Albuquerque real estate - for May 2010 - for more information, please feel free to contact the eTeam!

New service for the eTeam Real Estate Group

Now, search for Santa Fe and Northern New Mexico MLS with one easy site - learn what the buzz is all about in the wonderful area of Northern New Mexico! SEARCH SANTA FE AND NORTHERN NEW MEXICO MLS

Staging Tips to Help Sell Your Home

This will be a series of helpful hints for staging, brought to you by my favorite local designer - "Interior Styling by Karla" “STAGING TIPS TO HELP SELL YOUR HOME” 8 Part Series Article #1 – “Curb Appeal” Driving by a potential Buyer may say to themselves “Hmm… do I want to stop – do I want to look at this house.” The house needs to be as inviting and welcoming from the outside as it is from the inside. It is very important that people want to stop and look at the house, because if there is no curb appeal - there is no reason to stop and look. Your yards are just as important as the inside of the home is. Their interests need to be perked. Remember – you never get a 2nd chance to make a notable 1st impression! This applies to curb appeal more than ever. Karla McWhorter Interior Styling by Karla Ph: 275-6819  Cell: 228-3489 http://www.interiorstylingbykarla.com/

Albuquerque: The Unknown

What's it like to live in Albuquerque?  Let this video tell you in real words! Albuquerque: The Unknown from Puzzled Pictures on Vimeo . And, when you get ready to move here...just let me know....my team will be glad to help you. Contact me today

Tax Lightening in High Desert/Paako? Really?

I have to say that the media has it wrong again.  While some property owners in the High Desert and Paako areas might have seen an incorrect assessment on their properties, it's not a wide-sweeping all encompassing increase as the media has reported. First hand experience, my assessment hasn't increased.  First hand knowledge, I looked at my Notice of Value.  No issues here. While I don't argue that some homeowners have been incorrectly assessed because of inflated pricing and sales from a few years back, or 'guesstimates' again by the assessor office (living in a limited disclosure state does have its drawbacks).....not every single home has been increased to the extent that it should be front page news. But, what's news without a little shouting? So far the sales statistics being reported aren't widely accurate, even the ones coming from our own trade association...and all that you read in the headlines isn't the real deal... Get some real s

April Jobs Report - impact on our economy

We received some very positive economic news this morning with the April Jobs report. There were approximately 290,000 new jobs created in April. This was the biggest rise in jobs since March, 2006. There were 66,000 census workers included in the 290,000 jobs creation number for April. However, since December there have been 573,000 new non-farm payroll jobs created. The biggest jobs gains have come over the last two months. The unemployment rate is still being reported at approximately 9.9%. The April jobs report is another sign that our economy is starting to improve. As the economy continues to improve and consumer confidence increases we will see increases in home prices and home buying activity . The Albuquerque real estate market and local economy are starting to improve as well. The mortgage market, guidelines and regulations are changing everyday. There has never been a more important time than now to work with an experienced, proven mortgage company . To Your

This 3 bedroom 2 bathroom Single Family located at 99 Golf Course Road, Mountainair, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy.

This 3 bedroom 2 bathroom Single Family located at 99 Golf Course Road, Mountainair, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy. Listed at a 'new' price, you will love this desert escape - on 40 acres near the lovely community of Moutainair, New Mexico. Contact us anytime for more information! www.RealEstateInABQ.com

What now after the tax incentive?

I've seen alot of media coverage this week regarding the deadline for the tax credit for buyers, and whether it made things 'busier' than usual. This I can only address from my personal team experience - we are busier for clients coming AFTER the deadline has passed than during the tax credit bonus program. We have more people, in higher price ranges, scheduled to see homes next week (and they are prequalified and ready to buy right away) than we did in the last couple of months. Of the clients we have served over the last couple of months, only a small percentage of those clients referenced the tax credit deadline as a crunch time and a reason for buying. It did not feel to us like that was the primary incentive for them to buy a home. What I am noticing during my twice daily checks of the market is that the higher end areas are selling right now, and of those homes that are selling - most have had substantial to moderate price reductions. The sellers have been ge

Unchanged interest rates - good news in Albuquerque real estate

The Federal Reserve issued their monetary policy at 12:15 mountain time today. The Federal Reserve left the Fed Funds rates unchanged at a near zero interest rate. The Fed stated that "the economy continues to improve at a modest pace." The positive comments on the economy have caused a rally in the stock market. Unfortunately, mortgage rates typically increase on positive economic news as money flows out of safe havens like the bond market. Therefore, in an attempt to make bonds and mortgage backed securities more appealing to investors the yields are increased. This ultimately affects mortgage rates that consumers pay for their home loans. The good news is that mortgage rates remanin at near record levels. This is great news for anyone who is considering purchasing a home . We are entering into the busiest season of the year for home buying and selling. The near record low mortgage rates should encourage people to move forward with their home buying de

Real Estate Tax Credit deadline - what to do now?

If you are in the market for an Albuquerque home and you don't know quite all of the ins/outs of the deadline and what you need to do - here are some answers: How to Get the Extended Home Buyer Tax Credit You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit: 1.Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract in place by April 30, 2010 with a closing date no later than June 30, 2010. 2. Decide whether to: •• apply the credit to your 2009 tax return, filed on or before April 15, 2010; •• file an amended 2009 return; or, •• apply the credit on your 2010 return, filed on or before April 15, 2011. 3.Attach documentation of purchase to your return. Documentation of Purchase Details concerning the precise documents required to confirm your purchase have not yet been released. When this information becomes available, we w

Chama New Mexico Ranch

359+ Acres of Beautiful Ranch Land, totally cross fenced, close to Hwy, easy access, 2 mobile homes, horse barn, lean/to, private well, horse arena, beautifully mowed, 2 spring ponds. 1 Bull Elk permit. Bring your horse and saddle, and move on in! For Sale for $469,000 Chama New Mexico Ranch

Mortgage rates might be going up soon!

Here is an email that I received from one of our preferred lenders, http://www.loansonhomes.com/ - Cummings Financial - The Federal Reserve mortgage backed securities program ended today. The Fed has invested approximately 1.3 trillion dollars in the mortgage backed securities market to help stabilize the housing and mortgage markets by providing funds to purchase mortgages that Wall Street has been unwilling to purchase due to the housing crisis. As a result of the Feds investment in mortgage backed securities mortgage rates have been held at near record low levels. This has kept the housing market alive during a very difficult period. Unfortunately, the 1.3 trillion dollar investment was fully funded this week. The Fed does not appear to have any intention of extending this program. In reality, it appears the opposite will occur. There have been comments from the Federal Reserve that the Fed will sell the mortgage bonds they purchased back to the financial markets. What d

Where i would like to be right now...I'm getting spring fever!

  one of the best times ever - what a glorious place and it's whale season now....

Now that we are talking Albuquerque real estate sales....

Albuquerque Real Estate Short Sale Rule Change

Buying homes 'as is' - Foreclosures and Fixers

In today's market we are seeing alot of Foreclosures, As-Is 'fixers' and our customers may think this is a great way to purchase a home . In some cases, it can be. However there are things to be aware of when venturing into this territory. Most buyers today are buying homes with mortgage loans which have stricter guidelines than ever before. When purchasing a foreclosure or fixer upper, the bank/owner will often request that the buyer pay for all of their own due diligence inspections, and that no repairs will be made on the property if discoveries are made due to these inspections. There are problems with this part of the process which often do not come to light until the buyer is well into the purchasing process. Lisa Cummings, of Cummings Financial advises this: "There are many homes on the market that seem like great deals due to foreclosure or other adverse situations the seller may be facing. Many times when a property owner faces "tough" times, mainte

How important is a good website to sell your Albuquerque home?

Sometimes we, as Realtors, have our best experiences in real estate when we become the customer. This happened to me recently. I have a rental property that has been rented since I purchased it a few years ago. I have it managed by a professional property management company. In December I received the 30 day notice that my tenant was moving out and moving on. Terror! In this dicey real estate market, what were the chances that I would get my property rented again? I still had photos of the property from when the home was purchased, and since we have a property type in our Multiple Listing System for rental properties, I thought - why not? I didn't want to manage the property myself, but I certainly wanted to help in the marketing of it to get a good new tenant. So, one afternoon I sat down and entered the home into the Albuquerque MLS as a rental available. I put the contact information in for brokers who would see it in MLS to contact my property manager for showin

Selling your Albuquerque Home

Here is a sample copy of my co-authored book on selling your Albuquerque home - If you would like a free copy mailed to you, just let me know and I'll get it to you in the mail right away. Thanks for checking it out! "Get The Best Deal When Selling Your Home", Albuquerque New Mexico edition

What comes next in Albuquerque real estate?

Waiting to sell your nest? Remember my interview with KOB here where we talked about not waiting to put your Albuquerque home in the market if you need to sell...."we're going to wait until the market turns around", or "wait until the real estate values go up" Well, I can tell you that odds are if everyone is saying that, you are going to be jumping into the pool at the same time. This will create what I believe is going to be another ripple effect, a bad one, for that old economic issue of Supply and Demand. We are in an information age like no other. Everyone hears the same news at about the same time with the same amount of intensity. So, when we start hearing that 'the market is bottoming out' or 'the market is getting better' we might be kidding ourselves to think that we are going to be the only smart guy in the room who will put their house on the market at just the right time. I believe there is a large pool of individuals out the

This Land located at 1 Arroyo Bonito, San Pedro Creek Estates, Sandia Park, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy.

This Land located at 1 Arroyo Bonito, San Pedro Creek Estates, Sandia Park, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy. Build your own HGTV Dream Home here at this wonderful location! This lot has been reduced 85K and is now BELOW 200k - most other lots in this area are priced higher. We have the engineering studies on this property and will share at your request. Contact us for more information Albuquerque Real Estate

This 2 bedroom 1.5 bathroom Condo located at 8431 Heights Rd NE #C, Albuquerque, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy.

This 2 bedroom 1.5 bathroom Condo located at 8431 Heights Rd NE #C, Albuquerque, New Mexico is presented by Linda DeVlieg ABR, ePro, Cyberstar, CRS, Ecobroker® of Coldwell Banker Legacy. Great NE Heights opportunity - super location. Contact us today for your appointment to see this great property! Albuquerque Real Estate

Albuquerque real estate stats that you can use!

Well, 2009 is over. What does that mean? For the Albuquerque residential real estate market , there are some very positive signs that we have hit bottom. There are some who are suggesting that there may be a “double bottom” but that remains to be seen. The last five years. Here are some numbers that might be encouraging. Let’s go back to the peak, which was 2005. There were a total of 13, 448 closed single family detached resale homes that year. In 2008 there were 8,144 closings. That is a 39.44% decrease over 3 years. There were 7,905 closings this year! While still a decrease, that is only -3.08% from last year. August 2005 had 1,267 closings, which was the highest number of resale closings in one month ever in Albuquerque! From that month on there was a steady but gradual decrease, month by month, until November of 2007 when the bottom fell out. Every month of the following year starting August 2005 had fewer closings than the past year for 46 straight months! In Jan

WRONG INFORMATION GIVEN TO US AND THE PUBLIC

I have to apologize on behalf of myself, my organization www.GAAR.com and anyone else who published the wrong information last weekend regarding the new ordinance requiring LOW FLOW TOILETS with regard to real estate sales . It was published by our association www.GAAR.com - to the media at KOAT - and then to the public at large that it would be a SELLER REQUIREMENT to replace toilets with low flow toilets before the completion of a sale of real estate. After reading the new ordinance (which was included with the report) it came to my attention that this information that was dispensed by both the news media and my trade association was incorrect. The ordinance clearly states that it will be the responsiblity of the BUYER of the property to comply with the ordinance within a particular time frame after the sale is complete. My error was trusting the information that comes out of my assocation, www.GAAR.com and then to the media and then dispensed to the public as if it were true. T

2009 Holiday sales statistics for Albuquerque homes

I did an analysis of Albuquerque home sales from November 15, 2009 to present today. This will give you an idea of what the activity was for sales based on VACANT homes vs. OCCUPIED properties. Vacant homes are either new builder inventory (not frequently put into MLS), homes where the owner has moved to another area or another home, foreclosures, and vacant investment property no longer occupied by a tenant. Of course we have to look at these statistics based on broker data entry (whether the broker said it was occupied but was really vacant), etc. These statistics show that for OCCUPIED PROPERTIES, from November 15th to present (January 4, 2010) there were 151 properties put into PENDING status. For VACANT PROPERTIES, there were 181 properties put into PENDING status. What is interesting is that the 'price point' or average price for the sales were higher for OCCUPIED properties, less for VACANT homes listed for sale. The average DAYS ON MARKET was also found to be sli