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Showing posts from March, 2014

Corrales, New Mexico Homes priced from $900,000

Gorgeous homes priced from $900,000 CORRALES HOMES - $900,000 Live in luxury in this beautiful New Mexico village. More information about Corrales, New Mexico Linda DeVlieg, Associate Broker COLDWELL BANKER LEGACY 505-750-7549

"I'm going to rent out the home I'm living in...so that I can buy a new one"

Did you know that there are special requirements for this? Renting out your current property doesn't relieve you of the debt ratio involved in calculating your new loan qualification. Here is some of the requirement: You need to have 25% to 30% equity (depending if the new loan is FHA or Conventional) in the existing house in order to count any rental income for qualifying. For more information on this or other loan questions: Cathy Neuharth NEW MEXICO BANK AND TRUST NMLS ID # 470210 Office: 505-401-9012 Mobile: 505-263-3156 Fax: 505-830-6415 When you are ready to buy a new Albuquerque home, contact me today for a free consultation!

Albuquerque Supply and Demand Statistics February 2014

In a world of Perfect Competition, this statistical information shows "If no other homes in the area were put on the market, how long would it take to sell all of them currently on the market" - Find your neighborhood, see how many current listings and current contracts - and see how long it will take to sell all of the homes currently on the market. Interesting data for both whether you are IN the market to buy, or have your home on the market to sell. Positioning is everything!