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What Will You Do in Albuquerque With Your Extra Hour This Sunday?

by Sandi Pressley

It's time once again to set your clocks back this Sunday, Nov 3 at 2 a.m. But if you forget, your smartphone will probably remind you anyways.

When we set our clocks back, this is called "Regular Time." President Lyndon B. Johnson signed the Uniform Time Act in 1966 that made Daylight Saving Time official. The law established daylight saving time from the last Sunday in April through the last Sunday in October. Several states, including New Mexico, are trying to change this practice. But for now, we still need to fall back

What will you do with your extra hour? Here are a few suggestions:

  • Take a hot bubble bath.
  • Organize your office.
  • Call a friend to catch up.
  • Make a scrapbook.
  • Create a “family recipe book.”
  • Look up funny videos on YouTube.
  • Read your favorite blog.
  • Straighten up your pantry.
  • Go outside and take pictures of nature.
  • Get an extra hour of sleep!

Or, if you're thinking about buying a new home in Albuquerque, you can use our home search tool and take an hour to really look over some of the great homes we have for sale. And then call us on Monday for more help finding the perfect home for sale.

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the right price. And make sure to join us twice a week on our blog for more 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!

2612 Espanola Street, Albuquerque, NM 87110  $170,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1140 Square Feet

HUGE LOT with BACKYARD ACCESS and custom gate in the NE Heights! Conveniently located close to Uptown, Trader Joe's, shopping, restaurants & parks! 3BDR/1.5BA/1CG featuring a large open great room with huge picture window and tile flooring! Remodeled kitchen with new soft-close cabinetry & crown molding, Quartz countertops! Beautiful shade tree in the front yard and oversized backyard with plenty of room for pets, backyard access, custom metal gate and covered patio for Summer BBQs!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Have a Happy Halloween in Albuquerque

by Sandi Pressley

Get ready to have a scary good time in Albuquerque this week. If you're looking for fun and safe ways to celebrate the holiday this week in Albuquerque, you'll be please with all the events coming up. Here's a few Halloween events to help you and your kids make this a week to remember.

Halloween in Old Town

Oct 31, 2019 | 04:00 PM - 06:00 PM

Historic Old Town
200 N Plaza St. NW
Albuquerque, NM 87104

Enjoy a free, family-friendly evening with music, costumes and candy. Halloween in Old Town is a fun, safe place to trick-or-treat. Stroll through the plazas for candy from participating local merchants, enjoy music on the gazebo and get your face painted to complete your costume. 

Trunk or Treat at Balloon Fiesta Park

Oct 31, 2019 | 05:00 PM - 08:30 PM

Balloon Fiesta Park
9401 Balloon Museum Drive NE
Albuquerque, NM 87113
505-768-6043

This Halloween, kids and families are invited to Balloon Fiesta Park for the first ever Trunk or Treat event for monsters of all ages. Bring your bike and helmet or walk from trunk to trunk. A longer biking route will be available - those who dare to make the trek will be rewarded with treats!

Operation Great Pumpkin

Oct 30, 2019 | 05:00 PM - 08:00 PM

Cesar Chavez Community Center
7505 Kathryn Ave. SE, Albuquerque, NM 87108
505-256-2680

This family friendly event is free for all ages. Carnival Games, a Haunted House, a Costume Contest and much more.

Boo at the BUGarium

Oct 31, 2019 | 10:00 AM - 02:00 PM

ABQ BioPark Botanic Garden BUGarium
2601 Central Ave. NW, Albuquerque, NM 87104

Boo at the BUGarium celebrates the wonderful world of arthropods with special interactive exhibits just right for Halloween: “Worm’s World”, “Spider Station”, “Build-a-Bug Table”.

Underwater Pumpkin Carving

Oct 31, 2019 | 01:00 PM - 03:00 PM

ABQ BioPark Aquarium
2601 Central NW
Albuquerque, NM 87104

Watch divers in the Shark Tank carve pumpkins, sea turtles snack on  bits and curious fish swim through spooky eyes and triangle noses.

 

Have a Safe and Happy Halloween in Albuquerque!

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the right price. And make sure to join us twice a week on our blog for more 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!

2612 Espanola Street, Albuquerque, NM 87110  $170,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1140 Square Feet

HUGE LOT with BACKYARD ACCESS and custom gate in the NE Heights! Conveniently located close to Uptown, Trader Joe's, shopping, restaurants & parks! 3BDR/1.5BA/1CG featuring a large open great room with huge picture window and tile flooring! Remodeled kitchen with new soft-close cabinetry & crown molding, Quartz countertops! Beautiful shade tree in the front yard and oversized backyard with plenty of room for pets, backyard access, custom metal gate and covered patio for Summer BBQs!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

How To Cope With Rising Home Prices In Albuquerque

by Sandi Pressley

Real estate prices in the Albuquerque market are expected to rise at a steady pace throughout 2019. In fact, Albuquerque home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.6% within the next year. If you're considering moving to Albuquerque, there are a few creative ways to cope with rising housing costs and get into your dream home sooner rather than later.

Consider Nearby or Adjacent ZIP Codes

The old adage in real estate is “location, location, location,” but often the location is the very thing that makes certain ZIP codes so pricey. When looking into a desirable area, consider the nearby or adjacent neighborhoods to scout for more affordable finds. The good news is that if your house is near a pricier area, home prices are expected to remain strong or even rise as demand for the area increases.

Purchase a Foreclosure or Fixer-Upper

Purchasing a foreclosure or home that needs a little work is a smart move if you want to buy into a more expensive neighborhood and stay in your price range.

Fixer-uppers can yield significant discounts in major urban areas, as much as 40% to 50%, according to research conducted by realtor.com, but inventory may be low, and the competition may be fierce.

Consider a Roommate

If you can afford a home but are concerned about what the monthly payment will do to your lifestyle (and budget) consider renting out rooms in your house to a long-term roommate or on housing-share apps.

This way, your housing payment gets covered and any extra can go toward paying down the mortgage, paying off student loans, or maintaining your lifestyle.

Try a Starter Home Before Thinking of a Forever Home

Think about what you really need in a first-home purchase as opposed to what you fantasize about having. With so many first-time buyers now delaying home ownership until their early 30’s (when a family and kids comes along), many skip the notion of the starter home and leap right into the forever home - often at a cost.

Starting small allows buyers to start putting housing payments into equity, not rent. Should property values rise, after a few years a buyer would then be able to upgrade into something bigger or more practical for their lifestyle.

Also keep in mind that just because you qualify for a loan amount, it doesn’t mean you have to borrow the maximum. When shopping for homes, be sure to find something that sits comfortably in your budget once you factor in insurance, taxes, home maintenance, and even discretionary funds.

While these tips may not land a first-time buyer in their ideal neighborhood straight away, equity (the amount of your house that you “own”) builds over time and works in favor of the buyer. Remember: With time and patience, many may be able to cash in on the equity in their first home and move into their ideal square footage or location.

Looking to find the perfect home in Albuquerque? Let us help you find the perfect home in Albuquerque. And make sure to join us twice a week on our blog for more 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!

7 Chamisa Road, Placitas, NM  $468,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2500 Square Feet

Southwest Style custom home on incredible 2 acre lot with stunning views. Exquisite tile & woodwork throughout. Well appointed kitchen with SS appliances, granite counters, large pantry and island. New Carpet in 2019, new Paint in bedrooms and entry 2017, Refrigerated air, raised ceilings, open floor plan, skylights and lighted niches make this home perfect for entertaining. Private master suite has private balcony access, double sinks w/jetted tub, separate shower and a huge walk-in closet. Backyard has covered patio, water feature, fire-pit and mature landscaping. Over-sized 3 car garage, water softener, central vac system, upgraded sinks and faucets, brand new septic in 2013, the list just goes on!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Pick Your Pumpkins at These Top Albuquerque Patches

by Sandi Pressley

Not sure where to get your pumpkins this year in Albuquerque? Sure, you can probably get yours at the supermarket. But that's nowhere near as fun as going out to a patch full of huge pumpkins and picking them yourself. There are some great pumpkin patches in the Albuquerque area where you can get the full autumn experience. Here's a few pumpkin patches to check out.

Galloping Grace Pumpkin Patch

The Santa Ana Star Center in Rio Rancho, New Mexico, is home of the annual Galloping Grace Pumpkin Patch. It's open daily in October from 9 a.m. to 6 p.m., and features a multi-acre patch with pumpkins, a mini corn maze, a roping arena, duck races, a corn pit, a harvest maze, tractor races, and other activities for younger kids. There is also a country store and fall decor for sale. The patch supports the Galloping Grace Youth Ranch in Rio Rancho, where any child can ride horses and learn about ranch life and responsibilities.

Maize Maze at Rio Grande Community Farm

Pick pumpkins and learn at the Rio Grande Community Farm every Friday, Saturday, and Sunday in October while explore its seasonal Maize Maze and pumpkin patch. This eight-acre maze also includes activities such as pumpkin painting and harvest fun. On the Saturday before Halloween, the Fall Festival and FarmStrong Fun Run will take over the farm as a fundraiser for local charities.

McCall's Pumpkin Patch

You can spend the whole day having fun at McCall's Pumpkin Patch in Moriarty, New Mexico. You'll enjoy hayrides, pedal karts, a huge corn maze, and a giant slide for the kids. For a little fun with history, explore the western town and the miner's shack, and go mining for gemstones. Visit and pet the animals, check out the goat bridge, cheer on your favorite at the duck races, and clap to the music played by the hillbilly band. After all this fun, don't forget to select your pumpkin to take home.

Wagner Farms in Corrales

Wagner Farms is a must for fall. Located in Corrales, the farm offers fresh roasted chiles, seasonal fruits and vegetables, and a place to pick out a pumpkin or two. And don't forget the hayrides, a one-acre corn maze, an apple orchard, a vineyard, and a petting zoo. Kids can let off steam on the hay bale structures and enjoy the games in the children's play area. Have fun into the evening with night mazes with harvest bonfires. 

Wagner's Farmland Experience in Los Lunas

Wagner's Farmland Experience in Los Lunas has the same type of family fun as the attraction in Corrales, but you can enjoy two corn mazes here in addition to the farm animals and fall activities. Starting in late September, Wagner's transforms the farm into an exciting pirate adventure which is open every night of the week. There is also a u-pick flower and vegetable patch alongside the pick-your-own pumpkin patch, and every Saturday night, the farm hosts a haunted night in the mazes.

Looking to find the perfect home in Albuquerque? Let us help you find the perfect home in Albuquerque. And make sure to join us twice a week on our blog for more 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!

104 Sandia Mountain Ranch Drive, Tijeras, NM  $479,000

3 Bedrooms / 2 Bathrooms (2 full, 0 half) / 2608 Square Feet

Resort style living in the mountains with incredible views on approx 3.25 acres in Sandia Mountain Ranch!! Custom elegance featuring TPO Roof, Refrig Air, Sec System, Water Softener, Skylights, Private Elec Gate. Amazing outdoor living space featuring a huge raised deck for entertaining, relaxing in nature taking in the mountain views! Great room features wall of windows, wood beam ceiling, wood stove. Custom kitchen features cherry cabs, granite countertops, walk-in pantry, bkfst bar & nook. Master suite features his/her vanities, jetted tub, sep shower, two walk-in closets. Finished & insulated oversized 2CG!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Who to Know When Buying a Home in Albuquerque

by Sandi Pressley

How do I get approved for a home loan? Who will help me find the right home in Albuquerque? Don’t panic! Here are the top four people you need to know when it comes to buying a home.

The Person Who Approves the Loan

One of the first people you’ll need to work with is a loan officer or lender. This is the person who helps you understand the ins and outs of getting a loan, as well as any requirements or conditions.

Before speaking with the loan officer, however, you may want to estimate what a monthly mortgage payment may look like, which you can do with a simple mortgage calculator. Your monthly payment will include homeowners insurance, property taxes paid into an escrow account, and, if you put down less than 20%, PMI or private mortgage insurance.

Remember: The bank will provide an initial number of what it thinks you can afford based on your gross monthly income. But it’s up to you to account for your own personal budget and living expenses.

Once you’ve spoken with the lender, it’s worthwhile to get a preapproval letter, which shows how much the bank would be willing to lend you based on your full financial picture. Without this letter, most sellers won't take you seriously and may not even accept your offer.

The Person Who Finds the Home

A real estate agent is usually the first person that most people speak to during the homebuying process. You need someone who understands the housing market in Albuquerque.

When you begin your home search, you might start with an online search. While these property listing sites provide formatted data on available properties, a REALTOR®, such as Sandi Pressley, will have access to the latest information and can provide any updates or correct misinformation found online.

A REALTOR® can work on your behalf or on behalf of the seller. When you’re buying a home, it’s important to work with a buyer’s agent, whose responsibility is to you, not the seller.

You should ask the agent all the questions that are important to you — how much other homes in the area recently sold for, how long those homes were on the market, and any other questions that might help you make an informed decision.

The Person Who Inspects the Home

Once you have found a home, made an offer, and signed the contract to buy, it’s time to hire a home inspector. The contract will specify how many days you have to get the inspection. The home inspector will come to check things like structural integrity, plumbing, electrical systems, heating and cooling, the condition of windows, walls, door frames, ceilings, the attic — basically anything that can be seen without going into walls.

The Person Who Checks Ownership of the Home

The title officer or title company checks the ownership of the home to make sure there are no potential disputes with previous owners, and, ultimately, will issue title insurance for the property. This insurance protects you and the lender if there are claims or lawsuits against your ownership of the property.

Each person has a distinct role in the homebuying process in Albuquerque, and being informed about exactly what you need from them helps make the process run smoothly. The key is patience — it’s all worth it when you get the new keys to your home!

Looking to find the perfect home in Albuquerque? Let us help you find the perfect home in Albuquerque. And make sure to join us twice a week on our blog for more 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!

104 Sandia Mountain Ranch Drive, Tijeras, NM  $479,000

3 Bedrooms / 2 Bathrooms (2 full, 0 half) / 2608 Square Feet

Resort style living in the mountains with incredible views on approx 3.25 acres in Sandia Mountain Ranch!! Custom elegance featuring TPO Roof, Refrig Air, Sec System, Water Softener, Skylights, Private Elec Gate. Amazing outdoor living space featuring a huge raised deck for entertaining, relaxing in nature taking in the mountain views! Great room features wall of windows, wood beam ceiling, wood stove. Custom kitchen features cherry cabs, granite countertops, walk-in pantry, bkfst bar & nook. Master suite features his/her vanities, jetted tub, sep shower, two walk-in closets. Finished & insulated oversized 2CG!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Whether you're familiar with fine wines, or you're just starting your wine tasting adventures, Albuquerque's wine tasting rooms offer the perfect opportunity to explore award winning wines of the area. New Mexico has an ideal climate for producing fine wine, and it's a centuries-old tradition. If you're in the mood to try something new, here's a few of the top wineries and tasting rooms in the Albuquerque area to help you find the perfect vintage.

Camino Real Winery

Open weekends for tours and tastings, their grapes here are grown in the countryside of Tome, south of Albuquerque. They also offer a selection of New Mexico craft beers.

Casa Abril

Casa Abril produces wines using Spanish and Argentinian grapes of Tempranillo and ​Malbec varieties. The grapes are grown in rural Algodones, located between Santa Fe and Albuquerque. Casa Abril continues the Spanish traditions brought to New Mexico centuries ago.

Casa Rondena Winery

Nestled in the heart of Los Ranchos de Albuquerque. Wines are crafted from the grapes grown right on the winery's grounds and range from dry whites to Syrahs and reds. You can taste their award-winning wines in the tasting room and enjoy a stroll through the grounds, or have a glass on the patio.

Corrales Winery

This family owned winery produces award winning Muscat Canelli dessert wine with their own grapes. Other wines are produced from New Mexico grapes to become Rieslings, Mariachis, and Cabernets. Found in the heart of the historic village of Corrales, the area is one of the oldest wine growing regions in North America. Visit the winery and stay on to shop in the village, which features fine arts and crafts.

Gruet Winery

Take a taste of five Gruet wines and you'll get a souvenir glass to bring home. Or you may choose a tasting of reserve wines and receive a souvenir Riedel/Gruet champagne or wine glass. Tours are available for up to 30 people, and even larger groups can be accommodated if split into more than one group. Its grapes are grown in southern New Mexico near Truth or Consequences, which has ideal growing conditions for grapes. Gruet produces nine different sparkling wines, two Chardonnays and two Pinot Noirs, both with regular bottling and reserve bottling.

Milagro Vineyards

The winery produces Zinfandel, Chardonnay, Merlot, Cabernet Sauvignon, Cabernet Franc and Syrah wines from their own grapes. The fine wines are made from Vinifera grapes and finished through handcrafting with traditional techniques in French oak casks.

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the right price. And make sure to join us twice a week on our blog for more 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!

104 Sandia Mountain Ranch Drive, Tijeras, NM  $479,000

3 Bedrooms / 2 Bathrooms (2 full, 0 half) / 2608 Square Feet

Resort style living in the mountains with incredible views on approx 3.25 acres in Sandia Mountain Ranch!! Custom elegance featuring TPO Roof, Refrig Air, Sec System, Water Softener, Skylights, Private Elec Gate. Amazing outdoor living space featuring a huge raised deck for entertaining, relaxing in nature taking in the mountain views! Great room features wall of windows, wood beam ceiling, wood stove. Custom kitchen features cherry cabs, granite countertops, walk-in pantry, bkfst bar & nook. Master suite features his/her vanities, jetted tub, sep shower, two walk-in closets. Finished & insulated oversized 2CG!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Keep Your Kids Safe in Albuquerque This Halloween

by Sandi Pressley

Halloween is almost here, and no doubt your kids have already picked out the costumes and making arrangements to get the most out of the holiday. But as a parent, of course you want to keep them safe as they go out into the streets. Children are more than twice as likely to be hit by a car and killed on Halloween than on any other day of the year. Here's a few reminders to keep your kids safe in Albuquerque this Halloween.

Costume Safety

  • All costumes, wigs and accessories should be fire-resistant
  • Avoid masks, which can obstruct vision
  • If children are allowed out after dark, fasten reflective tape to their costumes and bags, or give them glow sticks
  • When buying Halloween makeup, make sure it is nontoxic and always test it in a small area first
  • Remove all makeup before children go to bed to prevent skin and eye irritation
When They're on the Prowl
When They're on the Prowl
  • A responsible adult should accompany young children on the neighborhood rounds
  • If your older children are going alone, plan and review a route acceptable to you
  • Agree on a specific time children should return home
  • Teach your children never to enter a stranger's home or car
  • Instruct children to travel only in familiar, well-lit areas and stick with their friends
  • Tell your children not to eat any treats until they return home
  • Children and adults are reminded to put electronic devices down, keep heads up and walk, don't run, across the street
For Drivers
  • Watch for children walking on roadways, medians and curbs
  • Enter and exit driveways and alleys carefully
  • At twilight and later in the evening, watch for children in dark clothing
  • Discourage new, inexperienced drivers from driving on Halloween
Make sure to stay safe this Halloween and make it a night of fond memories in Albuquerque!

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the right price. And make sure to join us twice a week on our blog for more 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!

1800 Cooke Canyon Drive NW, Albuquerque, NM  $385,000

4 Bedrooms / 3 Bathrooms (1 full, 2 half) / 2690 Square Feet

Mountain Views! This popular one story Pulte floorplan has 4BDRS/3BA plus separate office/study with French doors!! Light, bright and open featuring two walls of sliding doors opening to the outdoor living space, covered patio showcasing mountain views! REFRIGERATED AIR! Tankless Water Heater! Approx 19k in new engineered wood flooring! 11k Professionally landscaped backyard with grass, roses, shrubs! Gourmet kitchen has built-in stainless steel appliances, gas cooktop, huge teardrop shaped Island, granite counter tops, beautiful cabinetry, backsplash & walk-in pantry. Master suite has bay window, large shower, raised granite dual sink vanity & walk-in closet!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Pros and Cons of Fencing Your Yard

by Sandi Pressley

If you're deciding whether to build a fence for your property, be it a wood, wrought iron, vinyl or chain link fence, they can be expensive. So it's a good idea to decide what your needs are and if a fence is worth the cost. You need to consider the pros and cons of fencing your yard.

Since fences are so prevalent, the pros certainly outweigh the cons. Here's a few points to consider.

PROS

Privacy

Privacy is obviously the main benefit of having a fenced yard. Having a fence not only reduces the disturbance to your neighbors, but to your family as they play in the pool, garden, sunbathe, etc. Having privacy in your yard can play a vital role in making sure your time outside with family and friends is protected from prying eyes.

Safety

Safety is another key reason people decide to fence their yard. If you have a swimming pool, it's especially essential to have a fence that will protect your family. It's also a great way to keep out the critters you don't want in your yard, as well as letting your dog run free.

Noise Reduction

If you live near a busy street, noise may be an issue. Building an 8 ft high solid fence can reduce noise by up to 10 decibels. Acoustifenc is a product that has been used to reduce sound along highways and mass transit lines. You can now use it in residential settings, and it's reported to reduce noise by up to 5 percent, depending on fence height, elevations and noise frequencies.

Design Element

A well built fence can add a great deal to your home's overall appeal. Picket fences are a great example of how a fence can add to the attractiveness of a property, as well as define the property boundary.

The biggest cons in building a fence are often overlooked. Months or years after building a fence consumers may feel like they made the wrong decision.

CONS

Maintenance

A fence well cared for will add to the appeal of your home for years. But if you don't keep them up, they can deteriorate over the years, especially wood fences. Wood fences, specifically, require occasional cleaning, staining, sealing or painting and can warp and rot over time.

Expense

Fencing an an entire property, or even part of one, is expensive. The price can vary a great deal depending on materials and length, number of gates, and labor.  A wooden privacy fence now averages $17.31 to $23.13 per linear foot – that’s $2,596.50 to $3,469.50 for a 150-foot-long fence.

When determining whether to build a fence or not, it is important to weigh the pros and cons. Typically, the pros will outweigh the cons.

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the right price. And make sure to join us twice a week on our blog for more 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!

8000 Oso Loco Road NE, Albuquerque, NM  $288,000

3 Bedrooms / 2 Bathrooms (1 full, 0 half) / 1879 Square Feet

Excellent opportunity to own in Far North East Heights neighborhood! This beautiful home is close to in shopping, bike paths and highly desirable schools. Open and bright floor plan with custom Southwest touches throughout; ledges; arched doorways and more. A custom Kiva fireplace with built-in Bancos grace the family room that opens to the sunny kitchen with breakfast bar; kitchen island; lots of cabinets and pantry for storage. Separate formal dining room. Master Suite w/access to patio and ample spa like en suite with walk-in closet that includes a custom closet system. Low maintenance front and backyard landscaping w/ lush shrubs and trees & cool covered patio for warm summer evenings.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

What Albuquerque Home Buyers Should Know About Appraisals

by Sandi Pressley

Most of us have our own reasons for wanting to buy a home in Albuquerque. Maybe we want a bath with a luxury spa. Maybe we want a huge deck for parties.

But your lender doesn't care about such things - the designer tub, the fire pit, and all the extras. What they really care about is the actual value of the home and if it's worth as much as the value of the mortgage.

To a bank, a house is collateral. That means that they can foreclose on the home if you miss payments.

Therefore, a home must be valued at, or above, the agreed-upon purchase price, and this has to happen before you can close on a house. That’s where a home appraiser comes in.

A Home Appraiser Is Neutral

After you sign a home purchase agreement, which is the contract between you and the seller about the terms of the pending sale, and before your lender approves your loan, the home you’re buying must pass an appraisal.

An appraiser is either licensed by the state or a certified professional. It's their job to asses the value of the home. They are on no one's side, not you or the seller. They are chosen by your lender through an appraisal management company, which is a neutral entity.

Appraisers survey a house in person, using five main criteria to determine the value of a home:

  • Location
  • Age
  • Condition
  • Additions or renovations
  • Recent sales of comparable homes

Be Prepared to Pay for the Appraisal — or to Negotiate

Usually the home buyer is the one that pays for the appraisal, and this is generally included in the closing costs. But this can be negotiated. You can always ask if the seller will pay for it.

Home appraisals are not as expensive as you might think. They will usually cost between $287 and $373.

Appraisals Take a While, So Be Patient

Typically, a purchase agreement has a “home appraisal contingency” requiring that the appraisal be completed within 14 days of the sales contract being signed. Because it takes appraisers some time to visit your house and write a report — up to a week, or longer in a busy housing market — your lender will order the appraisal immediately after you sign the purchase agreement.

Looking to sell your home for the right price in Albuquerque? Let us help you sell your home in Albuquerque and get the right price. And make sure to join us twice a week on our blog for more 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!

8000 Oso Loco Road NE, Albuquerque, NM  $288,000

3 Bedrooms / 2 Bathrooms (1 full, 0 half) / 1879 Square Feet

Excellent opportunity to own in Far North East Heights neighborhood! This beautiful home is close to in shopping, bike paths and highly desirable schools. Open and bright floor plan with custom Southwest touches throughout; ledges; arched doorways and more. A custom Kiva fireplace with built-in Bancos grace the family room that opens to the sunny kitchen with breakfast bar; kitchen island; lots of cabinets and pantry for storage. Separate formal dining room. Master Suite w/access to patio and ample spa like en suite with walk-in closet that includes a custom closet system. Low maintenance front and backyard landscaping w/ lush shrubs and trees & cool covered patio for warm summer evenings.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

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Photo of The Sandi Pressley Team Real Estate
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