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The Difference Between Preapproval and Prequalification

by Sandi Pressley

Buying a home in Albuquerque brings you in contact with two terms, both related to getting a loan. Mortgage prequalification and preapproval are two methods. They may seem interchangeable, but they are actually quite different.

It's crucial for you to understand these terms so that you'll know what you can afford when looking for a home, and so that you'll demonstrate to a seller that you're serious.

Prequalification and preapproval are both steps to getting a mortgage, but if you have preapproval, you may not need a prequalification.

What is Prequalification?

Prequalification involves providing a lender with personal financial information. The goal is to help provide you an estimate of how much you can afford when you’re buying a home.

Prequalification information is usually self-reported. Your credit report is usually not verified during this process. You don't have to ding your credit report with a hard pull to get prequalified.

The prequalification letter shows you can afford the property. Having it will be helpful to your agent and sellers, but not quite as much as a preapproval.

What is Preapproval?

When it comes to buying a home, a preapproval carries a lot of weight. In order to get preapproved, you submit your finances and the lender verifies the information you provide by checking your credit report, your job and income, and your assets and liabilities.

When applying for a preapproval, you'll need details like your total monthly expenses, your W2s and pay stubs, and perhaps a copy of your mortgage statement if you own an existing home.

You receive a preapproval letter after submitting all the necessary documents. A lender will use this letter to explain how much you're approved for, along with types of loans they will give you and their terms.

Preapproval serves as an offer by the lender to you, which applies for a limited period of time. For example, you might have 90 days to buy a home based on your preapproval.

How Do You Get a Mortgage Preapproval?

To obtain a mortgage preapproval, follow these steps:

  • Get your own credit score. The higher the score, the better. A score of at least 740 is ideal for the best offers.
  • Check your credit report for errors and have any corrected.
  • Calculate your debt-to-income ratio. To buy a home, you should aim to have a ratio of 36% or less. Your DTI is a ratio of your gross monthly income that goes toward paying debt.
  • Gather the documents you’re likely to need to submit, such as your tax forms, employment details, and banking and account information. If you’re self-employed anticipate showing at least two years of income tax returns.

Finally, make sure to shop around for the best offer from lenders. This will help you find the lender that’s right for you so you increase your chances of getting approved, but also so that you can save money on interest with better terms. 

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

 

HOT HOME LISTING OF THE WEEK!

7416 Blue Holly Court NE, Albuquerque, NM 87113  $695,000

4 Bedrooms / 4 Bathrooms (4 full, 0 half) / 3520 Square Feet

Beautiful family home in La Cueva and North Star distrist. Floorplan features 4 bedrooms and 3 full baths, formal dining, breakfast nook, plus large bonus/game room with wine cooler and loft. Kitchen updated with granite countertops, island, double oven and pantry. Romantic mastersuite with gas fireplace, separate tub and large walk in closest. Tons of out door spaces includes a courtyard, two covered balconies, a covered patio and private parklike backyard with Gazebo that already has water and electric. Mountain views and located on a cul da sac finish out this lovely home.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Check Out Our Latest Hot Properties!

by Sandi Pressley

Just listed! Whether you're looking for the ideal first home or need to expand your living space, these fine homes will make the perfect choice. These homes are certain to sell fast, so make sure you schedule a showing today.

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

11520 WOODMAR Lane NE, Albuquerque, NM 87111

Wonderful opportunity in Prestigious Tanoan! This single-story gem is packed with amenities galore...Renovated bathrooms, updated flooring, owned solar and more! This comfortable 4-bedroom home enjoys 2 large living areas complete with fireplace & built-ins. The master bedroom has an oversized en suite bathroom with gorgeous tile work, dual sinks, and large walk-in closet. The second bedroom features an attached bath, and additional 2 bedrooms share a convenient Jack & Jill bath. And get ready to enjoy the beautiful NM weather in multiple outdoor living spaces: there's a spacious, private courtyard, multiple patio spaces, and yard. Welcome home!

Learn More!


208 MADISON Street NE, Albuquerque, NM 87108

Excellent location in Knolls of Paradise Hills! Close to shopping, restaurants, parks, Cottonwood Mall, Presbyterian Rust Hospital and easy access across town or downtown! 4BDR/2BA/2CG! Private front courtyard! Huge great room with cove ceiling and fireplace! Skylights! Master suite on its own wing! New water heater (2020) Kitchen features breakfast nook with beautiful bay windows overlooking the backyard. Master suite features jetted tub, large shower, dual sink vanity, two walk-in closets & tile floor. Large secondary bedrooms and full bath on a separate wing. Outdoor living features a covered patio, entertaining space for summer BBQs, raised garden space for flowers & herb pots and mature trees and shrubs!
REQUEST MORE INFORMA

Nob Hill, UNM, downtown!! Close to shopping, restaurants, breweries, transportation! Updated 3BDR/2BA home with private front courtyard, light, bright and open living/dining area with lots of windows, wood floors, wood burning fireplace! REFRIG AIR! Versatile floor plan with 2BDRS/1BA on its own wing! 1BDR & BATH on it's own wing! Updated kitchen and baths! Kitchen features lots of cabs, gas stove, built-in microwave, tile flooring! Separate laundry room! Huge backyard with backyard access, deck and large storage shed!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Get your Morning Inspiration with the Sandi Pressley Team

As we approach the end of 2020, some analysts predict the number of foreclosures will rise. The Albuquerque housing market remains strong, but Coronavirus shutdowns have damaged the economy, and unemployment has remained high.

It's important to be prepared for the experience of dealing with foreclosure if you're hoping to find a great deal. Buying a foreclosure has many aspects similar to buying any other house, but if you know what to expect, your process will go more smoothly.

Types of Foreclosures

Foreclosed homes fall into two general categories. Home foreclosures include bank-owned homes and real estate-owned properties (REOs). In both cases, the lender is the owner of the home. Foreclosure stages distinguish the two.

A bank-owned home is in foreclosure, meaning the homeowner is not making payments, and the lender is taking steps to remove the homeowner. Bank-owned homes are sold at auction when they are foreclosed. A bank-owned REO property remains the property of the bank even if it doesn't sell at auction. In spite of being auctioned, REO properties haven't been sold yet. REO agents are usually used by lenders to sell them.

The prices of foreclosures are often significantly lower than similar properties in an area. A lot of foreclosed properties are sold at well below the market value. Buying a foreclosure can also help lower your interest rates, reduce your down payment, and save you money on appraisal fees and closing costs.

Some deals on distressed properties can be found in situations where the property isn't bank-owned.

Pre-foreclosure is one example. It means the lender has notified the borrower they have defaulted, but they might be able to avoid foreclosure if they sell the property. In short sales, lenders take less for the property than what's owed on the mortgage. Lenders can approve a short sale even when you aren't in default.

Buying a Foreclosed Home

If you want to buy a foreclosure, the following are the steps to expect:

Mortgage Preapproval

Before looking at properties in Albuquerque foreclosed by banks, preapproval for a mortgage is a good idea. A preapproval will show you're serious about buying, and it will help you narrow down your search.

Find an Agent Experienced in Foreclosures

It's important to have a foreclosure expert on your side. They can also help you find properties in your area if you don't have a specific property in mind.

Make a Competitive Offer

Even if a property is in foreclosure, you may still have to make a competitive offer. It is likely you will receive a substantial deal, but if you make an offer that is too low it may not be accepted.

Get an Inspection

Foreclosed homes are bought as-is. There will be no repairs made by the seller. When you buy a property, whatever is needed becomes your responsibility. If you make an offer, you need to know what you're getting into. If you do an inspection and you find too many problems, you should pass on the property. In the inspection, whatever is found is not going to be a strong negotiation tool - it's only there to help you decide.

You cannot do an inspection when you buy a house at auction. You don't even have the opportunity to see the inside of the home before you bid.

The Risk for Buyers

Buying a foreclosed home comes with a lot of risks. A property inspection may fail to reveal hidden problems or costs. Moreover, it's a long process.

When you buy a foreclosure, you have to deal with a lot of paperwork. The response times for banks to offers on these properties are usually slow, and if a bank is behind in foreclosures, it may take months before they respond.

It doesn't mean you shouldn't consider buying a foreclosure. To be prepared for these hurdles, you simply need to be organized.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

 

HOT HOME LISTING OF THE WEEK!

1738 VASILION Place NW, Albuquerque, NM 87120     $275,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 1523 Square Feet

Light and bright, with a beautiful open floorplan. Charming warm interior colors with wood and paint accents throughout. The Primary Bedroom is on the ground floor near the cozy fireplace. Tile and bamboo flooring in the common areas. Easy, low maintenance yards with fountains in the front and back; backyard has afternoon shade, accent lighting, and a new block wall for total privacy. Pink and yellow roses bloom along one wall, and can be seen through the living room windows. Tons of extra storage in the finished garage and under stairs. Extra parking, and an anchor chain in the driveway to secure a trailer or RV. Refrigerated air is less than 3 years old, and controlled with a smart thermostat. There are so many little EXTRAS in this house they can't all fit in the description.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

The Top Neighborhoods in Albuquerque

by Sandi Pressley

Are you looking to buy a new home in Albuquerque? If so, you already know that location matters. What neighborhoods in Albuquerque will best serve your needs and lifestyle? Niche.com comes out with a yearly list of the best neighborhoods in Albuquerque. Here are the top 3 neighborhoods from that list. Contact us today to view homes in any of these communities!

Nob Hill

#1 Best Neighborhood to Live in Albuquerque

Nob Hill is a neighborhood in Albuquerque, New Mexico with a population of 6,427. The Median Home Value is $271,555. It's rated as the #1 Best Neighborhood for Young Professionals in Albuquerque, #1 Best Neighborhood to Live in Albuquerque, and #1
Best Neighborhood to Raise a Family in Albuquerque.

All the schools serving Nob Hill are top rated, which includeEarly College Academy, College & Career High School, Nex+Gen Academy, Coral Community Charter School, Desert Willow Family School.

Residents of Nob Hill have nothing but good things to say about life in this community. One reviewer notes, "This is probably the best place I've lived in my whole life. Almost anywhere in the neighborhood is extremely walkable, whether it's to a restaurant, theater, school, or small business. Everyone is incredibly warm and friendly..."

Eastside

#2 in Best Neighborhoods to Live in Albuquerque

Eastside is a neighborhood in Albuquerque, New Mexico with a population of 162,145. The Median Home Value is $247,679. Eastside is rated #2 Best Neighborhood to Live in Albuquerque, #2 Best Neighborhood to Raise a Family in Albuquerque, and #2
Most Diverse Neighborhoods in Albuquerque.

All the schools serving Eastside have an "A" rating, including La Cueva High School, Southwest Primary Learning Center, Early College Academy, College & Career High School, and Nex+Gen Academy.

Of living in Eastside, one happy resident remarks, "You will meet all kinds of people, and you could grab lunch with your new friends at a local shop serving traditional New Mexican fare (smothered in green chile, of course), or you could load up on caffeine at an eclectic coffee shop. Join all the marathon bicyclists, run a trail, sleep 'til noon - whatever. In short: take your pick from the array of lifestyles New Mexico can offer you."

Balloon Fiesta

#3 Best Neighborhood to Live in Albuquerque

Balloon Fiesta is a neighborhood in Albuquerque, New Mexico with a population of 79,076. The Median Home Value is $200,783. Balloon Fiesta is rated #1 Most Diverse Neighborhood in Albuquerque, #3 Best Neighborhood for Young Professionals in Albuquerque, and #3 Best Neighborhood to Live in Albuquerque.

"A" rated schools serve the Balloon Fiesta neighborhood, which include La Cueva High School, Cottonwood Classical Preparatory School, Early College Academy, College & Career High School, and Nex+Gen Academy.

One satisified resident says "I wouldn't change the view of the mountains in the east for anything, especially with hot air balloons drifting in the early morning in front of the mountains."

Search Homes for Sale in Albuquerque

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

 

HOT HOME LISTING OF THE WEEK!

1738 VASILION Place NW, Albuquerque, NM 87120     $275,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 1523 Square Feet

Light and bright, with a beautiful open floorplan. Charming warm interior colors with wood and paint accents throughout. The Primary Bedroom is on the ground floor near the cozy fireplace. Tile and bamboo flooring in the common areas. Easy, low maintenance yards with fountains in the front and back; backyard has afternoon shade, accent lighting, and a new block wall for total privacy. Pink and yellow roses bloom along one wall, and can be seen through the living room windows. Tons of extra storage in the finished garage and under stairs. Extra parking, and an anchor chain in the driveway to secure a trailer or RV. Refrigerated air is less than 3 years old, and controlled with a smart thermostat. There are so many little EXTRAS in this house they can't all fit in the description.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Should You Buy a Home With a Pool in Albuquerque

by Sandi Pressley

A pool might sound like a great idea if you're searching for a new home in Albuquerque. Keeping cool is important in this climate since it gets hot. Pools are extremely popular right now, so popular that there are waiting lists for pool contractors and a shortage of maintenance items like chlorine.

Does pool ownership live up to its hype? The answer is yes, but you need to prepare.

The Pros of a Pool

Can Improve Your Quality of Life

Owning a pool can make your life more enjoyable, and it can also enhance your lifestyle. It can also be used for exercising or getting out for fresh air and vitamin D.

Having a pool can enhance your social life in the sense that many families with them enjoy spending time together.

A Pool Can be Beautiful

The aesthetics of a pool might be a factor in your decision to buy a home with one. It's great to look out at your pool or see the water from your deck. Many people find relaxation in the sight of water in any form, including in a pool.

Pools Can Increase Your Home’s Value

Pools can add value to a home in many instances. In warm climates like ours, this is especially important. In places like New Mexico, swimming pools are pretty much considered to be necessities.

In the case that you ever want to sell your home and your neighbors don't, your property might be in higher demand or fetch a higher price than a home without a pool.

The Cons of a Pool

Cleaning and Maintenance

It's true that some people prefer to clean and maintain their pools, but if you aren't one of them, think twice about buying a house with one. You may need to spend several hours a week maintaining your pool if you do it yourself.

If you hire an individual or company to maintain your pool, expect to spend $50 to $150 per week.

You also have to pay for the supplies required to clean and maintain a pool.

Safety

Buying a home with a pool means checking for safety codes and complying with existing regulations. An alarm system or fence may need to be installed.

If you have small children or pets, consider how an in-ground pool will affect your family's safety.

Insurance Costs

A pool is usually covered as part of "other structures" in a homeowner's policy. In any case, you may be responsible for injuries caused by your pool. This is why some insurance policies refer to pools as an "attractive nuisance.". It will cost you more to insure, since you'll need liability coverage.

Not Always Be a Good Thing for Resale

Pools are not always viewed as pluses by buyers, so you need to consider that as well. You could end up limiting your options if you wanted to sell your house.

Last but not least, if you're buying an existing home, what is the condition of the pool? Is there a possibility that you may need to make major repairs or upgrades when you move in?

Choosing whether or not to purchase a pool is a personal decision that should be made strategically and not emotionally.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

 

HOT HOME LISTING OF THE WEEK!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $875,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Purchase of a home in Albuquerque can be intimidating for many young or first-time buyers. Homebuyers aged 25 to 40 may be unsure about the homebuying process and what they can afford, according to a recent survey. The study found:

  • “1 in 4 underestimated their buying potential by $150k or more”
  • “1 in 4 underestimated the increase in value by $100k or more”
  • “47% don’t know what a good interest rate is”

Most young homebuyers have given up on their search because they feel uncertain, or worse, they have decided homebuying isn't right for them and don't even start a search.

If you want to buy a home but aren't sure where to start, here are three things you should know about homeownership.

1. Down Payments

It's not necessary to have a large down payment to qualify to buy a home, but that's how many people view it. According to Freddie Mac:

The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.”

Those looking to buy between July 2019 and June 2020 only had to make an average down payment of 12%, according to the National Association of Realtors (NAR) Generational Trends Report. The median down payment for buyers ages 22 to 30 was only 6% when controlling for age.

2. You May Be Able To Afford More Home Than You Think

Spending more time in our homes as a result of working from home, exercising, and spending more time on leisure has changed what people expect from their living spaces. Some young homebuyers are unable to afford homes that will meet their growing needs, so they choose to continue renting. As a result, they'll miss out on some of the benefits of home ownership in the long run. A recent NAR article points out:

“Many young adults are underestimating how much they need for homeownership, the survey finds. Millennials underestimated how much home they can afford right now, how much interest they would pay over a 30-year mortgage, and how much home values appreciate, on average, over 10 years…”

When you are starting the home buying process, knowing how much to spend on a home is critical and could be a game-changer.

3. Don't Wait

In addition, with mortgage rates on the rise along with home prices appreciating, you may end up paying much more for putting off buying a house now. According to Sam Khater, Chief Economist at Freddie Mac:

As the economy progresses and inflation remains elevated, we expect that rates will continually rise in the second half of the year.”

Experts predict that interest rates will rise in the months ahead, and even a small increase can affect your purchasing power. There's no better time to buy a home if you've been on the fence.

When you begin your home search, you may feel overwhelmed. You're not alone. We can help. Contact the Sandi Pressley team today to see how you can make your goal of owning a home a reality.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

 

HOT HOME LISTING OF THE WEEK!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $875,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Luxury Living Is Yours With These Spectacular Listings!

by Sandi Pressley

Are you in the market for a luxury Albuquerque home that offers the very height of custom distinction? A full array of luxury features await you in each of these unique and amazing estates. Please contact us for an exclusive showing since there are too many great features to list here.

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

10200 Corona Avenue NE, Albuquerque, NM 87122

$1,899,000

Heaven in North ABQ Acres! Spectacular Custom Built home, designed by Eric Spurlock. Enter through private courtyard. The flowing floorplan offers soaring herring bone beamed ceilings and expansive great room makes this a wonderful home for entertaining. Chef's kitchen offers all Viking Appliances, island with gas cooktop, opens to a Morning room with Kiva Fireplace, sitting area and a breakfast nook. Also opens to an outdoor patio. Formal dinning room, with entrance to private Wine tasting room, temperature controlled, space for 100s of bottles w/racks and wine storage. Seating for conversation. Owner's suite on main level offers tray ceilings, sitting area, access to outside patio.

Learn More!


13516 DEER TRAIL Place NE, Albuquerque, NM 87111

$875,000

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formal dining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Get your Morning Inspiration with the Sandi Pressley Team

So you're all set to buy that charming old home in Albuquerque. But before you start packing your belongings, you should make sure the plumbing can handle your needs and doesn't need major repairs.

It’s true, older homes in Albuquerque are charming and full of character. In many cases the materials stand the test of time, but not always. Plumbing is a different animal. Below are 10 things to check before writing the big check.

1)  Sewer line. Have an expert check the sewer line to the street. A video camera is crucial to detecting potential problems. Tree roots, corrosion or clogs can all hurt the line, and you don’t want it to collapse.

2) Water heater. Check the age. Water heaters should last at least 10 years, so if it’s much older than that, it’s probably time to replace it. Look at the location, will it cause problems if it leaks?

3) Toilets. Check toilets for leaks at the base to check for damage. Sealing a leak will make the problem worse. Check for things like rocking, discoloration, or warping at the base. Flush each toilet to make sure there aren't clogs.

4) Water supply pipes.

  • Find out when the pipes were installed and whether they have been replaced.
  • What type of pipes are they? If they are copper or plastic, they have probably been replaced. Copper and plastic don’t corrode like steel, but some plastics, such as PVC, are not approved for inside use.
  • If it is galvanized steel, it is probably old and likely to require replacement. Look for small holes that could be rust.
  • Are the pipes a mix of different materials? This is usually a sign that minimal maintenance has been performed and will likely need replacement.
  • If the pipes are cast iron, they may need to be replaced due to mineral build up, corrosion or leaks.
  • Pipes made from polybutylene should be replaced. These pipes a grayish, flexible plastic used from the 1970’s to the 1990’s. Chlorine erodes them over time.
  • All lead pipes should be replaced.

5) Inside water lines. Look for discolored water or leaks in the pipe you can see—either in the basement or under the sink.

6) Drain lines. Even though these lines generally don’t corrode, play it safe and look down the drain.

7) Water taps. Turn on the tap to check for corrosion. If the home is vacant and there has been no activity for a while, rust may drain out, but if it is occupied, corrosion is more likely.

8) Water Pressure. Test the water pressure by running all the faucets simultaneously. You need 3/4” water pipe from the water source to the house, and no less than 1/2” to the faucets.

9) Crawl space and basements. Look for water damage, leaky pipes or inadequate repairs.

10) Shower pressure. Although there are numerous models with varying water pressure, make sure the stream of water is steady.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

2625 HALCON Place SW, Albuquerque, NM 87105   $400,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2797 Square Feet

Country living in the South Valley at its best! Covered sun porch & front entry with rose bushes! BACKYARD ACCESS with electric gate. Metal Roof! 3BDR/3BATH featuring a beautiful ADDITION in 2010 for kitchen, sitting room & master suite! Oversized kitchen features beautiful cabinetry, granite countertops, huge pantry & tile flooring! Master suite features his/her vanities, large walk in closet, jetted tub, sep shower, skylights, gas fireplace! Detached 2Car garage with pit, crane, sink & storage; horse barn & shop w/electricity & chicken coop! Gorgeous yard to entertain family & friends! Fruit trees, grapes, grass, shrubs & covered patio!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Is an IKEA Kitchen Right for Your Albuquerque Home?

by Sandi Pressley

Many Albuquerque homeowners find kitchen remodeling a costly project. The fact that COVID-19 has given people more time at home means that many are considering remodeling their homes.

Some homeowners choose IKEA kitchens to save money on kitchen projects.

The savings can eventually add up to thousands or even tens of thousands of dollars, but is it worth it? This is a personal decision, but there are a few things to know about an IKEA kitchen.

Designing an IKEA Kitchen

The initial design process of an IKEA kitchen poses one of the biggest challenges. In the store, you can have a designer assist you with the design. A nearby IKEA can simplify things, and you will avoid the risk of your mistakes derailing your project. But if you live in Albuquerque, you will no doubt have your kitchen shipped, as the closest store is in Phoenix.

If so, there is an online planning tool available.

The concept of an IKEA kitchen is the same as that of their furniture. Aside from being budget-friendly, things are packaged and delivered so they can be assembled right away. The work may be possible without a contractor.

One of the most important things to remember when using the design planner is to measure, measure, and measure again. It is important to consider things like window openings, outlets, and door swings.

As soon as you have your measurements, you can start planning the layout of your kitchen. This simply means putting everything where you will need it and thinking about how everything will flow.

Are the Cabinets High-Quality?

Cabinets, particularly custom cabinets, can be extremely expensive. It is significantly cheaper to buy cabinets at Ikea.

IKEA cabinets are primarily made of particleboard, which is then covered in laminate. Solid wood is a preferred choice for some people. Again, that's completely up to you.

As IKEA cabinets aren't available in custom sizes, if you have an odd space or something doesn't quite work out, you may need to use a filler piece.

Another important part of planning your kitchen is the 3D planner. You can think of it as a puzzle.

Cabinets can be equipped with features such as internal organizers, and drawer dampeners can give your cabinets a soft closing. Below the counter are the base cabinets. It is available in two depths, with the standard depth being 24 inches. Above the countertops are wall cabinets. Wall cabinets typically have a depth of 15 inches.

The tall cabinets come in handy if you need additional storage, which is somewhat like a free-standing pantry. Their height is 80 or 90 inches, and they sit on the floor. Base cabinets can either have exposed legs or toe kicks.

What About the Countertop?

Although you can buy cabinets at Ikea, you might want to look elsewhere for countertops. You can choose either laminate or veneer.

Putting it Together

As always, your IKEA kitchen will not be assembled when it arrives. A contractor can assemble them for you or you can do it yourself. You should have your kitchen delivered instead of picking it up, and you may find that if you have a larger kitchen, you have more than 100 boxes.

The way you put everything together and install the components correctly is crucial to the durability and quality of your IKEA kitchen. Think about having someone help you if you're unsure of your skills.

In addition, if you do not plan on changing your kitchen layout or shape, you could be limited in your IKEA kitchen choices. This is simply due to the modular design of IKEA kitchens and the lack of customization possibilities. If you are going with IKEA, a straight-line kitchen is the best option.

Whether or not an IKEA kitchen is worth the cost savings depends on your preferences, the layout of your kitchen, how handy you are, and what your budget is.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

7508 CALLE MONTANA NE, Albuquerque, NM 87113

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3011 Square Feet

Beautiful 5 bedroom Stillbrooke home in highly sought after planned community! Main level features grand open floorplan w/gorgeous custom staircase; spacious great room opens onto breakfast nook & kitchen w/granite countertops, island & breakfast bar. Cathedral ceilings & Clerestory windows makes this home bright & light. Flexible floorplan could be 2 living areas: office & 5 bedroom plus loft, OR formal dining, greatroom, 5 bedrooms & loft/media area. Master suite on main level has backyard access, spa like en suite & huge walk-in closet. Also, a secondary bedroom on main level. Upstairs features a huge loft/media room, 3 more very large bedrooms, & additional full bathroom. Lovely landscaped backyard w/water feature & fully walled for privacy. New carpet 2019, & updated SS appliances.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Just Listed! Check Out Our Latest Hot Properties

by Sandi Pressley

The real estate market in Albuquerque has never been hotter, with homes still selling at record pace. That's why we're excited to offer 3 new listings just posted on our website. These affordable homes are perfect for first time home buyers as well as home buyers looking for an upgrade. Check these out now before they're gone!

Feel free to contact Sandi Pressley and her team at 505-263-2173 to get more information and schedule a viewing of these fine homes. You can also check out all of our listings on our Featured Listings page.

13517 SKYLINE Road NE, Albuquerque, NM 87123

$225,000

GREAT LOCATION close to foothills trails, shopping, parks, restaurants and easy access to I40! Southwest style 2BDR/2BA/2CG townhome! Private front courtyard with pergola covered patio, entertain family & friends and enjoy the best of NM weather!! Huge great room features Saltillo tile, gas fireplace, and raised ceilings! Large kitchen with eat-in space, Saltillo tie, lots of cabinets, pantry and granite countertops! Open patio and walled backyard for privacy!

Learn More!


6029 CREGGS Street NW, Albuquerque, NM 87120

$310,000

Peaceful Living Awaits! Situated on a quiet cul-de-sac street, nestled up against the Petroglyphs for optimal serene suburban living, no homes behind you, this beauty will not disappoint! Backyard is a private paradise featuring a Sparkling Gunite POOL, covered patio, & low maintenance landscaping! Attractive Saltillo tile floors and cathedral ceilings in living areas. Two living areas, an open & bright kitchen w/adjoining dining, & half bath grace the main level. Three bedrooms including the Master Suite w/VIEW balcony & his/her closets, & two bathrooms on upper level. Close to library, hiking trails, & dog park.

Learn More!


4 CAMINO DE LA VINA VIEJA, Placitas, NM 87043

$425,000

Nestled in the foothills on an acre with incredible views! Beautiful 3BDR/2BA home with the master suite on its own wing! Updated windows and Pella Doors showcasing amazing views! Radiant heat! Skylights! Tile flooring! Great room features a wood beam ceiling, vigas, Kiva wood fireplace, and a wall of windows! Master suite features double doors, walk-closet, jetted tub & separate shower. Secondary bdrs & full bath on its own wing! Private well! New septic system installed soon! Incredible outdoor living space with lots of spots to relax & enjoy nature, sunset views from the covered porch, walled back courtyard with lots of room to entertain family & friends. Huge storage shed, partially fenced lot, potting shed over the bridge, solar powered gate, backyard access!!

Learn More!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

Get your Morning Inspiration with the Sandi Pressley Team

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The Sandi Pressley Team
Coldwell Banker Legacy
10400 Academy Rd. NE Suite 100
Albuquerque NM 87111
505-980-2999
505-263-2173 / 505 293-3700
Fax: 505-212-0729

Quick links to this site are also SandiSells.net or SandiSellsHomes.com