Friday, February 26, 2010

Albuquerque Visitor's guide

Great visitor's guide for Albuquerque Great places to go and things to see - ENJOY!

Wednesday, February 10, 2010

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 showings to their clients, and offered a compensation should another broker have a tenant for me. I got several inquiries because it suddenly, of course, showed up on my website. My website has very high rankings for the top keyword searches for Albuquerque real estate {usually number one}, so when people were looking for Albuquerque real estate - my site came up and my 'featured listings' are looked at before anything else. One afternoon I received a call from a customer who was really interested. She was thinking of renting an apartment but when she saw the property on the website and saw it's location with the mapping feature, she called me right away. I had her contact my property manager for the rental details and now I have a very nice family moving into my rental property! So, there you go. A success story right from real time experience. How important is it that your property for sale shows up on the Number One real estate website, and is featured on that website for people to see? It's very important! I can attest to that!

Friday, February 05, 2010

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

Monday, February 01, 2010

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 there who are just waiting...waiting for something...before they add their home to the inventory. If this happens all at once, we are going to see a surge of new listings on the market just when we thought that the supply had leveled out to 'normal'. The larger the supply, the fewer the buyers, the lower the prices might go again. This seems almost too simple, but if you think about it from the perspective that the consuming public tends to do things all at the same time (and the economists in the audience count on this) you might want to re-think your idea of 'waiting' because you might not be as unique as you think. Here's the facts - if you have to sell your home, do it now. There were alot of people who waited too long and now I know they will take a bigger hit than if they had pulled the trigger, priced it perfectly, staged the home just right - and grabbed the right buyer. I also know there were sellers sold their home just in the knick of time. Looking back I know they got the highest dollar for their property than they would see in years. The thing I cannot promise, nor can anyone else - is what is going to happen in the future. While I love being optimistic, I also have to base practices in reality. Reality states that we have lived through an historic time and we simply don't know what values are going to do in the future. Of course prices will go up, someday....but it will take a long steady climb to recover the pricing that we have seen in the last couple of years. What kind of a delay are we putting on our future plans, the use of money, and our wait it out. Be smart now - check my Market Snapshot and see what home prices are doing in your neighborhood. Then, call in the professionals at The eTeam to get your home sold.

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