Are you ready to buy your first home in Albuquerque? Obviously, buying a home for the first time is a major life decision.  You will be investing a large amount of money and time in this adventure.  Do you know all the steps involved in the home buying process? It's important to know the steps along the journey and what tools are available.  You also need to forge relationships with experts in Albuquerque who can help you along the way.

Here are the 11 steps to living the dream of owning your first home.

  1. Do Your Homework
    Any large purchase requires planning, and that is particularly true with buying a home in Albuquerque. Factors such as price, housing type, neighborhood, school districts, and more need to be considered. Here's a worksheet that can help you pin down what you're really looking for. Fill it out with your partner (if you're not single) and your agent.  That way everyone is one the same page - literally.

  2. Start Shopping For Homes in Albuquerque
    Now that you know what you're looking for, start looking for listings online.  Here's a great tool for finding the ideal home in Albuquerque and surrounding communities.

  3. Find a Great Agent
    We're ready to help you find the perfect first home and help you through the process.

  4. Choose a Lender
    After you find the right agent, we can help you find the right mortgage lender. This is an important step as your lender will be working closely with you throughout the process.

  5. Pick a Loan
    Your lender will work with you to determine the right mortgage to fit your financial needs.  You'll need to provide proof of income, employment, and other details.

  6. Look at Homes
    Now comes the fun part! Your agent will help you find homes in in Albuquerque and the surrounding areas in New Mexico that fit your budget and the needs you determined in step 1.

  7. Make an Offer
    When you find the ideal home, then you make the offer.  Your agent will help you decide how much you want to pay, along with contingencies that both parties can agree on.

  8. Negotiate, Negotiate, Negotiate
    Now comes the time where you work out the deal for your new home in in Albuquerque.  It can be an emotional time, especially if you really want the house. Some sellers may just accept your offer, but some may make a counter-offer.  Your agent will work with you to decide what to do.

  9. Inspect the Home
    When an offer is accepted, then you'll sign a contract that will no doubt include a home inspection contingency.  At this point you'll hire a licensed home inspector to look for needed repairs. If major repairs are needed, then the seller will be asked to make those repairs.

  10. Appraisal
    Your lender needs to determine if the home is worth enough to cover the mortgage.

  11. Close the Deal
    The home is close to being yours! You just need to sign the final paperwork to finish the deal.  Then it's time to show off your new home to all your family and friends!

The Sandi Pressley Team has been helping people buy their first home in in Albuquerque for years. They can help you through all of these steps to guide you to owning your first home in in Albuquerque. You can call them at 505-980-2999. Your first home is only a few steps away!

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210 Tornasol Lane NE, Albuquerque, NM  $450,000

3 Bedrooms/ 2 Bathrooms (2 full, 0 partial) / 2573 Square Feet

The charms of North Valley country living only with a NE address! Impeccably maintained, one owner, custom built,TRUE Southwestern adobe home on 1/2 acre with RV parking! Escape to the beautiful backyard with raised bed garden with plum trees, shade trees, roses, solar wall and fire pit.

Contact the Sandi Pressley team for additional details! 

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