Real Estate Information Archive

Are you wondering when would be the best time to sell your home in Albuquerque? The answer is a resounding “NOW!” The home selling season has never been stronger. Home inventory is lower than ever, meaning you will have less competition. And with an increase in buyers, it’s the perfect combination to make sure you sell your home fast and make the highest profit possible.

Right now, typical home value of homes in Albuquerque is $239,548, which is an increase of 12.5% over last year. The median number of days on the market for homes for sale in Albuquerque is only 57 days. This means that home sellers are selling their homes faster and making more money on the sale.

Home sales this fall outperformed last year’s numbers due to historically low interest rates, according to data from the National Association of Realtors showing a 20.2% increase in closings in October.

According to a report from the Federal Housing Finance Agency, US home prices climbed 7.8% from the third quarter of 2019 to the third quarter of 2020, the fastest year-over-year increase since 2006. 

Several factors have contributed to the increase in demand. People who work at home due to the pandemic, fearing that they won't return to the workplace, have sought larger home-office spaces, often by buying bigger houses. Low mortgage rates have encouraged people to buy, while the supply of available homes is still low. 

That means home sellers have it good until at least the end of the year if conditions hold. According to a study by the National Association of Realtors in 2020, homes sold for an average of $66,000 more than the purchase price, up from $60,000. 

But low inventory and an increase in buyers isn’t the only reason you should sell your home. Here are some other factors to think about.

Interest Rates Are Expected to Remain Low

Before the U.S. was infected with the coronavirus, economists and real estate professionals predicted mortgage interest rates would stay low for most of the year. The pandemic has caused interest rates to drop even further, and this decline has been predicted to continue well into 2021.

You Have a Starter Home

In areas such as Albuquerque, where home prices are rapidly rising and bidding wars are common, entry-level homes, frequently purchased by first-time home buyers, should see a lot of buyer activity for the remainder of the year.

You Need to Move

No matter why you need to move, you can still sell your home and find one that suits your needs. Selling your house may be a viable option if your income has decreased since losing your job. If that’s the case, you might be worried that you won’t be able to pay your mortgage.

The lack of inventory can help your home sell faster. A correctly priced home, or one whose asking price is close to its market value, should sell quickly while inventory is low.

Sandi Pressley and her team are ready to help you sell your home in this hot market. Call us today or visit www.valuemyalbuquerquehome.com to get a free home valuation.

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!

14319 MARQUETTE Drive NE, Albuquerque, NM 87123  $399,000

4 Bedrooms / 3 Bathrooms (3 full, 0 half) / 3000 Square Feet

Impeccably Maintained Home Ready for its new Owners! Nestled in the Foothills on a great corner lot, this home will not disappoint. Main level features two living areas, with both formal & informal dining options; a galley kitchen with dining nook; great guest bedroom next to a full bath; & closed in porch/sunroom ideal for home gym or game room. Upper level features a very roomy master suite & en suite, plus two additional bedrooms & full bath. Great curb appeal on a large corner lot & easy access to Hwy, close to hiking/biking trails, & conveniences.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Are you ready to move into your ideal home in Albuquerque? Since the busy Spring home selling season is coming soon, now is the perfect time to find the home of your dreams. These homes are sure to go fast, so make sure you schedule a viewing 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 check out all of our listings on our Featured Listings page.

8716 MADRE Avenue NE, Albuquerque, NM 87111

$360,000

Precious Inman Patio-Home in highly desirable Canyon Run! Prime NE Heights location, location, location with so many recent updates: FURNACE (2020), HVAC (2020), WATER HEATER (2020), STUCCO (2019), GUTTERS (2019) plus fresh paint and beautiful floors. Featuring 2 living areas, a wet bar, and gas fireplace, this is comfortable living. Oversized Master Bedroom features tons of closet space plus a spa-like master bathroom with double-sinks and separate shower and garden tub. Enjoy your privacy in the backyard under an oversized patio, or spread out indoors with the beautiful sunroom. Updated counters in the kitchen plus newer stainless steel appliances make this home move-in ready.

Learn More!

2509 RIDGECREST Drive SE, Albuquerque, NM 87108

$375,000

Welcome Home to this beautiful brick home situated on a large corner lot close to conveniences. Great curb appeal with curved driveway, large covered porch & garage to the side of home. Featuring desirable split floorplan with spacious living spaces throughout including both formal & informal living & dining options; Two ample master suites for guest or in-law quarters; Fresh interior paint & carpet replaced in 2020; Huge family room w/efficient wood stove opening to the 207 sqft sunroom (not included in square footage); Kitchen features eat at bar plus sunny nook, & lots of cabinet space. Mature landscaping provides trees, shrubs and partial xeriscaping; open patio; & backyard access. **Square footage does not include the 207sqft Sunroom**

Learn More!

14319 MARQUETTE Drive NE, Albuquerque, NM 87123

$399,000

Impeccably Maintained Home Ready for its new Owners! Nestled in the Foothills on a great corner lot, this home will not disappoint. Main level features two living areas, with both formal & informal dining options; a galley kitchen with dining nook; great guest bedroom next to a full bath; & closed in porch/sunroom ideal for home gym or game room. Upper level features a very roomy master suite & en suite, plus two additional bedrooms & full bath. Great curb appeal on a large corner lot & easy access to Hwy, close to hiking/biking trails, & conveniences.

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.

If you intend to sell your home in Albuquerque, painting your stairs will increase the value of your property and enhance its appearance. People often overlook their stairs when they are taking on home improvement projects. But it can be a very easy way to dramatically change the look of your home. Whether you want to give your stairs a makeover or just repaint the back deck, there's paint for every need.

Here's a quick guide to the types of paint that are best for freshening up your interior and exterior stairs. 

Outdoor Stairs

You need a highly durable paint for your outdoor stairs, as they are subjected to high traffic and the elements. You should try an acrylic exterior paint on your wood stairs. There is an acrylic paint made specifically for porches, floors, and exterior stairs. You should stay away from glossy finish paints, which can be slippery when wet.

Satin or eggshell finish paints are the best choice as they can resist dirt and stains while being easily cleaned without creating a slip hazard. For extra safety, you can add a non-slip additive to your paint for extra texture and slip resistance. 

Indoor Stairs

Indoor stairs often don't wear out as much as outdoor stairs, but they still get a lot of foot traffic. Try painting indoor stairs with 100% acrylic paint for easy cleaning. If you want to keep the steps dry during wet weather, you can use semi-gloss paint.

If you plan to paint your indoor stairs in different colors, you might also consider other paint finishes. For example, you could paint the risers and spindles in semigloss paint and use a lower luster paint for the railings and treads to increase safety.

Paint Design Ideas

Your stairs can be a great place for you to let your creative side shine when it comes to painting, since you can paint them in a variety of ways.

One classic approach to painting stairs is to paint the risers and spindles in a light color and the treads and railings in a dark one. This looks nice and adds visual interest to the steps. 

If you like the look of a classic stair runner, but you don't want the risk of tripping, you can paint a runner down the center of your staircase for a great visual effect.

Refinishing Stairs for a Fresh, New Look

Fresh paint is one way you can transform the look of your stairs and brighten the area around them. If you're thinking about refinishing your stairs, its essential to have all the right tools and paint. That way, you'll make your vision 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!

803 WARM SANDS Court SE, Albuquerque, NM 87123  $660,000

6 Bedrooms / 4 Bathrooms (4 full, 0 half) / 4553 Square Feet

Stunning Custom home (By Guererro)on a cul de sac in 4 Hills Village, upon entering you will notice the hardwood grand staircase. Home features 6 Bedrooms, 4 Baths, with Gourmet Kitchen, stainless appliances, granite counter tops, remodeled bathrooms, an amazing walk out basement (1200 sq ft) with a bedroom bathroom (pool table stays), storage, wet bar and so much more and entertaining areas. Spectacular views from master bedroom Balcony,(there are two other balconies as well), backyard w/rv access. There is new carpet, paint, surround sound, updated lighting, fans, all new hardware on the doors, oversized 3 car garage w new doors/openers. Schedule an appt now. Please note hot tub does not convey!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

If your goal this year is to buy a new home in Albuqueurque, then now is the time check out these new properties just listed on our website! Since Spring is coming up soon, now is the perfect time to beat the busy home buying season and snatch up the home of your dreams. The Albuquerque real estate scene has limited inventory, so these homes are sure to go fast.

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 check out all of our listings on our Featured Listings page.

8404 RANCHO VECINO Court NW, Albuquerque, NM 87120

$310,000

True one story beauty in Rancho Sereno. This spacious home has high ceilings, light-filled rooms, two living areas, 4 good sized bedrooms and a 3 car garage. Well appointed kitchen, with island, ample countertops and cabinets. Stainless Refrigerator stays with home. New TPO roof in Oct 2020. Refrigerated Air! Home has been well maintained. Great location, easy access to Paseo Del Norte, and amenities.

Learn More!

14319 MARQUETTE Drive NE, Albuquerque, NM 87123

$399,000

Impeccably Maintained Home Ready for its new Owners! Nestled in the Foothills on a great corner lot, this home will not disappoint. Main level features two living areas, with both formal & informal dining options; a galley kitchen with dining nook; great guest bedroom next to a full bath; & closed in porch/sunroom ideal for home gym or game room. Upper level features a very roomy master suite & en suite, plus two additional bedrooms & full bath. Great curb appeal on a large corner lot & easy access to Hwy, close to hiking/biking trails, & conveniences.

Learn More!

5916 KATHRYN Avenue SE, Albuquerque, NM 87108

$239,000

WOW! Beautiful remodel with so many updates including ROOF, ELECTRICAL, FURNACE, EVAP COOLER, WATER HEATER, BATHS, INTERIOR PAINT, CARPET, REFINSHED WOOD FLOORS, FRONT DOOR & STORM DOOR! TWO large living areas! Kitchen features LG gas stove with double oven & Quartz countertops! Open living room features wood floors, fireplace, recessed lighting and barn door to family room. HUGE family room features wood ceiling, wood stove, extra flex room/office and separate laundry room. Huge lot with BACKYARD ACCESS & NEW GATE! Close to UNM, CNM, UNM Hospital, Nob Hill!

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.

"Why isn't anyone buying my house?" That's a question asked by many a home seller. You may think your home is a gem, but in reality, it may not be as desirable as you think it is.

When it comes to selling your home in Albuquerque, there's no magic formula. It's pretty basic. These problems below will definitely keep your home from selling. Look at these with an open mind and see it they apply to your situation if your home has been on the market too long.

Because your home is ugly

This is a tough thing to admit, but your home may not be the palace you think it is. And just so we're clear, "ugly" can also stand for:

• Cluttered
• Outdated
• Dirty
• Messy
• Tacky

Unless they are an investor, few home buyers are able to walk through a mess of a home and see its potential. You need to have your home in a clean and presentable state to affectively market it. Your home also needs to be free of personal items, such as photos, knickknacks, artwork, or just anything that will be distracting to a potential buyer.

Because your price is unrealistic

This is the No. 1 most common problem with homes that are not selling, says MSN. "If you're guilty of having "a 'what the heck are they thinking?' price tag," they say, you can expect to sit on the market for a while.

"Price is usually the overriding factor in any home that doesn't sell. Whatever its problem, it can usually be rectified by adjusting the price."

Adds U.S. News: "Without question, the No. 1 reason a home doesn't sell is price. Sellers have an emotional attachment to their homes and tend not to be objective about the true value."

Don't let your emotions get in the way of selling your home. Think of it as a business transaction. Remember that the market sets the price, and your real estate agent knows the best price to set. Rely on their judgement and your home will sell faster.

Because you're not cooperating

One of the main reasons a house will not sell is because the seller is not cooperating. This is one of the reasons a house will be overpriced, chasing away buyers. Uncooperative sellers also tend to ignore other advice from their agent, about keeping the home tidy, being available when needed, being open to price reductions, being able to make the house available for open houses, and agreeing to terms when there is a contract discussion.

When it comes to showings, it not about what's convenient for you. It needs to be convenient for the buyer. If they can't view your home on their schedule, they will just go onto the next home. Think of them as the customer. You need to cater to what they need, not the other way around.

To be fair, selling a home is never easy. But if you make your home presentable, set a fair price, and work with your agent and buyers, you should have no trouble selling your home 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!

803 WARM SANDS Court SE, Albuquerque, NM 87123  $660,000

6 Bedrooms / 4 Bathrooms (4 full, 0 half) / 4553 Square Feet

Stunning Custom home (By Guererro)on a cul de sac in 4 Hills Village, upon entering you will notice the hardwood grand staircase. Home features 6 Bedrooms, 4 Baths, with Gourmet Kitchen, stainless appliances, granite counter tops, remodeled bathrooms, an amazing walk out basement (1200 sq ft) with a bedroom bathroom (pool table stays), storage, wet bar and so much more and entertaining areas. Spectacular views from master bedroom Balcony,(there are two other balconies as well), backyard w/rv access. There is new carpet, paint, surround sound, updated lighting, fans, all new hardware on the doors, oversized 3 car garage w new doors/openers. Schedule an appt now. Please note hot tub does not convey!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

It's a new year, and it's time to start your search for a new home in Albuquerque. Out latest Hot Listings will help you get your home search off to a strong start. And with prices as low as $220k, we have a home for every budget.

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 check out all of our listings on our Featured Listings page.

9423 MORROW Avenue NE, Albuquerque, NM 87112

$220,000

Excellent location across from SNOW PARK!! 4BDR/2BA/1CG! TPO Roof! New Swamp Cooler! Newly updated kitchen! Wood floors! Great room features cozy wood burning fireplace, wood floors and is open to the dining room. Beautifully remodeled kitchen featuring new cabinets, granite countertops, SS microwave & dishwasher, refrigerator, new tile flooring! Separate utility room and washer & dryer stay! Close to shopping, restaurants, parks, transportation and Uptown!

Learn More!

4909 CUMBRE DEL SUR Court NE, Albuquerque, NM 87111

$550,000

Welcome to the Trailhead Community at High Desert. Enter home through the private courtyard and once you enter you see incredible VIEWS in the daylight and forever views of the city lights at night. The Grand Great room offers soaring ceilings, a wall of windows and is made for entertaining. Wonderful hidden storage rooms behind bookcases. The foyer offers access to formal dining, an office or 3rd bedroom. Functional kitchen with Stainless appliances, island/cooktop, granite countertops and breakfast nook. Easy care yard & private courtyard offers simplicity For the outdoor enthusiast there are hiking and biking trails just up the block.The quiet culdesac and neighborhood security make this a highly sought after corner of High Desert!

Learn More!

803 WARM SANDS Court SE, Albuquerque, NM 87123

$660,000

Stunning Custom home (By Guererro)on a cul de sac in 4 Hills Village, upon entering you will notice the hardwood grand staircase. Home features 6 Bedrooms, 4 Baths, with Gourmet Kitchen, stainless appliances, granite counter tops, remodeled bathrooms, an amazing walk out basement (1200 sq ft) with a bedroom bathroom (pool table stays), storage, wet bar and so much more and entertaining areas. Spectacular views from master bedroom Balcony,(there are two other balconies as well), backyard w/rv access. There is new carpet, paint, surround sound, updated lighting, fans, all new hardware on the doors, oversized 3 car garage w new doors/openers. Schedule an appt now. Please note hot tub does not convey

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.

Magnificent Rex Wilson remodel of this amazing Pueblo style home. From the minute you enter you will feel like you are on vacation (feels like a Taos Hacienda), beautiful hardwood floor, custom carved beams, corbels kiva fireplace, leads into a wonderful custom kitchen. Skylights bring in natural light, and Pella windows, hardwood doors updated electrical and an amazing wrap around covered patio embraces beautifully landscaped private oasis. ''And'' a detached casita heating cooled, presently used as a theatre room (projection equipment, screen and couches will stay) and of course a totally remodeled bathroom, and could easily be an in law quarters.

Why buy a home during the holiday season? Because new homes are hitting the Albuquerque real estate market, and you don't want to pass up these opportunities while everyone else is waiting for Spring. There are some outstanding homes just listed in the past 2 weeks. Check out these latest properties just listed for sale in Albuquerque. 

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 check out all of our listings on our Featured Listings page.

905 SANTA FE Avenue SW, Albuquerque, NM 87102

$179,900

Precious home in the heart of historic Barelas. This lovingly cared for house needs a new owner! Enjoy 3 bedrooms and 2 baths with great living areas plus a private backyard with newer fencing and patio. Newer Roof (2018) with warranty, Newer Pex plumbing (2017), Newer furnace (2013) with warranty, wow! Plus, you're in walking distance to so much: Bosque Access, ABQ BioPark, and more. Come feel why this charming home is move-in ready today.

Learn More!

4332 ALTURA VISTA Lane NE, Albuquerque, NM 87110

$225,000

Fantastic location in desirable gated community of Altura Village! Conveniently located close to UNM, Nob Hill, UNM Hospital, Altura Park! 3BDR/2.5BATH plus Loft! Light, bright & open with lots of living space in the great room. Open kitchen with sunny breakfast nook, gas stove, built-microwave, refrigerator, washer & dryer stay! 3 large bedrooms upstairs! Master bdr has a wall of windows, 2 walk-in closets, garden tub/shower, dual sink vanity and tile flooring in bath. Private gated community minutes away from shopping malls, Uptown & restaurants!

Learn More!

7308 DON DIEGO Street NE, Albuquerque, NM 87109

$359,000

Proudly maintained 3bdr/2ba quality one level custom Mechenbier in highly desirable La Cueva district. High ceilings, open floor plan lots of windows and light. Wonderful kitchen, SS appliances, gas cook top, plenty of cabinets and a pantry. Lovely backyard with mountain views. Double gated yard access 40x12 RV/Boat Pad.

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.

Most home sellers in Albuquerque don't think that selling a home during the holidays is a good idea. It's a busy time of year for most people.

But there are some real benefits of selling your home during the holiday season. There's less competition for one thing, as most people sell during the spring and summer. Buyers also have more time off and are more available for showings.

If you decide to sell your home during the holidays, there are things you can do to make it an easier process.

Stage It Accordingly

You can use the holidays to make your home more inviting to buyers. Just make sure not to overdo it. You can add some simple and tasteful decorations that will warm up the home without hiding it's features.

Focus on the cozy features like the fireplace. And it’s a great time to use the classic real estate trick of baking cookies when someone comes for a showing. Make sure your home is warm temperature-wise as well.

Clean-Up the Curb Appeal

Winter may make landscaping a little more challenging, but you need to make your yard as appealing as you can. Clean up the yard, clean up the exterior of your home, and illuminate pathways. Also make sure that there’s a mat at the door so people coming to see your house can wipe their feet.

Price It Accordingly

Your agent can work with you to develop the right pricing strategy based on their assessment of the data. Many variables go into pricing, but you may need to go a little lower than you’d like if you are selling around the holidays.

If you’re selling during the holidays, it’s not the time to haggle. During this time of year, it’s often better to price it right from the start instead of making price reductions later.

Work with a Reliable Agent

Working with an experienced agent during the holidays will make all the difference. Sandi Pressley and her team have been rated the #1 real estate agents in New Mexico, so you can count on them to help you make the sale.

Be Flexible About Showings

During the holiday season, everyone is busy and may have more plans than usual, but if you’re selling your home, you need to be flexible and accessible when it comes to showings. It’s a challenging time, so if someone wants to see your home, you need to do everything you can to facilitate that.

If you can manage your expectations before you put your Albuquerque home on the marketing during the holidays, it’s going to help you stay more relaxed and also hopefully help you sell your house faster.

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!

6815 VISTA ANTIGUA Drive NW, Albuquerque, NM  $450,000

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3334 Square Feet

INCREDIBLE OUTDOOR LIVING! ACROSS FROM THE PARK! HUGE CORNER LOT! NEW CARPET!! Gorgeous 5BDR/3BA/3CG with so many upgrades! ONE BDR/BATH on the main level! LOFT! Refrigerated Air! Tankless water heater! Huge great room open to the kitchen featuring tile flooring, cozy fireplace & wall of sliding doors provides lots of natural light! Beautiful wrought iron stairway! Beautiful kitchen features upgraded cabinetry with crown molding, granite countertops, SS appliances, gas cooktop, double wall oven, entertainment island & bkfst bar & large walk-in pantry. Formal dining room. Private master suite features dual sink vanity, sep shower, garden tub, two walk-in closets. Incredible outdoor living space with covered & open patios to entertain family & friends, trees, shrubs, & Synlawn!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Now that you've found the perfect home for sale in Albuquerque, the next step is to determine how much you want to pay for the home. This leads to getting a signed offer to purchase to the seller. While the whole purchase agreement is important, there are some parts that are critical to understand before you sign. Here are 3 of those parts.

Earnest Money Deposit

The earnest money deposit is the amount of money you’ll be giving the seller when you submit your offer to purchase (or shortly after it is accepted) to show you are serious. This is not the same as a down payment, which is what you give to your lender.

Usually you pay about 1% of the price of the home to the seller, and the money is kept in the broker’s trust account or with the title company. If the seller accepts the offer, the earnest money will be applied to the purchase of the home.

Personal Property

Personal property is anything that is not permanently attached to the house. Sometimes personal property is included in the sale to sweeten the deal. These items will be listed in the purchase agreement or in a separate addendum.

Items of personal property commonly included in home sales include:

• Appliances
• Yard equipment
• Furniture

Closing Date

There are various strategies when it comes to choosing a closing date. Some people feel it’s best to close escrow as late in the month as possible. This is because prepaid interest, which you’ll need to pay at closing, is prorate from the date of closing to the end of the month.

If you're keeping a tight leash on your cash flow, you may want to close escrow early in the month. Your prepaid interest charge will be higher. Yet, because mortgage interest is paid in arrears, you will skip two mortgage payments instead of one.

That said, there are some times that are better for closings, for various reasons:

• Avoid closing escrow near the fall and winter holidays, especially Thanksgiving, Christmas Eve or New Year’s Eve. Real estate professionals, like everyone else, take time off to be with friends and family.

• If you are both selling and buying, you may need a simultaneous close, allowing both escrows to wrap up on the same day. This is a delicate process and it does have its shortcomings, which can be explained to you if you are in this situation.

Sandi Pressley and her team has the experience to walk you through the purchase agreement, line-by-line, to ensure you understand what you’re signing. 

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!

13504 DESERT ZINNIA Court NE, Albuquerque, NM 87111  $1,050,000

4 Bedrooms / 4 Bathrooms (4 full, 0 half) / 4556 Square Feet

Highly Sought after High Desert Contemporary Southwestern Beauty. Custom built for Original owner. Well Situated on .86 acre lot to maximize the spectacular Mountain and City views! Incredible floor plan features 4 spacious en-suite bedrooms all with private bathrooms, Dual Masters, with the largest one on main level. Gorgeous, sunny kitchen with quartz counter tops, opens onto bright, light breakfast nook and family room. Complete with kitchen island, double ovens. Soaring ceilings throughout - with walls of windows to enjoy the views from every room. Approx 1500 sqft of wrap around decks/patios on front and back of home can be accessed from all bedrooms. Gorgeous serene courtyard with water feature. Spectacular low maintenance landscaping front and back! Newer TPO top of the line roof.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team