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Financing Tips for Buying a Home in Albuquerque

by Sandi Pressley

Buying a new home comes with financial risks, no matter how ready you are. There's liability, increased cost of living, unexpected stress, and more time commitments. Yet the benefits are equal to the risks. Owning a home can also be a good way to build wealth.

Here are 5 basic financial tips you need to know if you plan to buy a home in Albuquerque.

Prepare Before Purchasing

You've probably noticed by now how fast homes come and go on the Albuquerque real estate market. This might make you feel that you have to jump on a home before you're ready. But you need to prepare before you start making offers on homes.

Get your finances in order. This includes paying down outstanding debts, setting an accurate budget for daily living, and having a clear picture for what you can truly afford. Once you've done this, take the time to save for a larger down payment. Zero-payment down loans and small down payment loans are out there, but they come with many strings attached. There will always be opportunities to buy later, when you're ready.

More Square Footage = Higher Cost Of Living

Considering buying real estate to increase your living space? Besides the added cost to your monthly mortgage payment, plan for increases in these bills as well:

  • Homeowners Insurance
  • Heating and cooling costs
  • Larger heating and cooling unit maintenance
  • Water for home and lawn maintenance
  • Electricity
  • Larger appliance repairs
  • Property taxes
  • Home furnishings and renovations

Budget For Unplanned Repairs

On top of your increased cost of living, you also need to consider the cost of unplanned repairs. How do you plan for a repair you don't know about yet? 

Home repairs will be needed on a regular basis. The cost for these repairs will vary widely. But especially with a larger home, you will need to plan on high repair costs as cooling, watering, plumbing, electrical, roofing, etc. are all more extensive systems. While planning your finances for purchasing real estate, add into your budget a savings for home repairs.

Regularly Inspect Major Appliances

It's a wise idea to set aside money to regularly inspect major appliances like water softeners, water heaters, home heating and cooling units, and more. Doing so will save you money on huge repairs later, and keep your home running more smoothly.

Build Equity With Larger Mortgage Payments

Many home buyers in Albuquerque will go with a 30-year mortgage as it costs less per month. But you end up paying a lot more interest this way over the term of the loan. The ideal route for purchasing a new home is with a 15-year fixed rate mortgage (unless you have cash, then forget financing!). If that isn't possible, making an additional mortgage payment at least once a year can help to dramatically lower the interest you pay on the overall loan.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

3015 SOUTHERN Boulevard SE, Rio Rancho, NM 87124

Immaculately clean like-new JEWELBOX! Must see to believe! Hurry before its gone! NEW since 2020: Roof, skylights, flooring, baseboards, paint, exterior and interior doors, windows, water heater, ceiling fans, light fixtures, garbage disposal. New stove being installed 3/29: stainless appliances. Comes with washer and dryer. 2 beds, 1 bath, 2 car garage with outdoor patio. Wheelchair accessible, near shopping, restaurants, hospitals, and local services. A quiet respite in the heart of the city: make it yours today!

Learn More!

 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

How to Reduce the Cost of Flooring

by Sandi Pressley

When it comes to the aesthetics and value of your Albuquerque home, flooring is a major investment. The price of flooring is usually dictated by the quality, but there are ways for you to reduce the cost. It is always a good idea to look for techniques that may help you save money when it comes to hardwood floors, and if you know just what to do, you will end up saving a large amount.

The best approach is to get a few estimates and to set a timeline you are comfortable with. Choose the contractor who offers the best price, not the lowest one. Instead, choose someone you feel comfortable working with and who will complete the project on time. You can reduce the price of hardwood floors by following these tips.

Remove the carpet and move the furniture 

You have to be willing to get your hands dirty when you want to cut costs. You only need grit and strength. You do not need any special skills. You can rip out the carpet yourself and move the furniture yourself if you have the time and energy to do so. Don't forget to remove all the staples. Be aware that it will take longer than you think, especially if the stairs are covered in carpet. 

Pick a different type of wood

Many times, small trade-offs can help you save a lot of money. Just by downgrading the type of wood, you can save a great deal of money. Wood can stay the same hardness and shade, but lower grades can be cheaper and have more color variations. To avoid worrying about staining the floor, pick a dark color. Don't trade quality down for the sake of price, but just downgrade one level and you'll have a lot of options. 

Install the wood yourself

Although this requires more effort than most people are willing to put forth, it is worth considering if you are looking to cut costs. It may not be a good option for everyone, but if you enjoy doing it yourself, you may be able to accomplish it. If you have hardwood floors, do not attempt to sand and refinish them yourself as they may not turn out well and may cost you a lot of money if you eventually have to hire a professional. 

Buy materials yourself 

You can save money if you buy the materials yourself or online, but be careful. Make sure you understand what you are buying. If you buy low-quality wood, you may regret your decision in the long run. Buying the product from another source may mean you won't have access to the top installers.

This situation will require you to negotiate with the contractor or installer. To make sure you have the right quantities of moldings, you will also need to order matching moldings and rent a big delivery truck to bring the wood to your house. Buying materials yourself is only an option if you are familiar with them and have the skills to do so. Otherwise, you could end up spending much more than you planned. 

Reduce the amount of work

Reducing the scope of work is the best way to reduce flooring costs. Budget-conscious individuals can always plan work at a later date. This is a smart way to control costs while sticking to quality materials. You will be able to handle a project better if you break it up into parts.

By breaking up the tasks over time, you can go about things efficiently. Additionally, you can get estimates for different types of wood and the area of flooring that will be installed. It is possible to eliminate the rooms that are not used very often or do them later. 

You can reduce the cost of your home's flooring by following these tips. Speak to a contractor to see what can be done. It is not necessary to do every single step yourself, simply buying the material or waiting for a sale can also greatly reduce the overall cost. Make sure you set a budget for your flooring project and ask the contractor what you can do within the budget. 

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

3015 SOUTHERN Boulevard SE, Rio Rancho, NM 87124

Immaculately clean like-new JEWELBOX! Must see to believe! Hurry before its gone! NEW since 2020: Roof, skylights, flooring, baseboards, paint, exterior and interior doors, windows, water heater, ceiling fans, light fixtures, garbage disposal. New stove being installed 3/29: stainless appliances. Comes with washer and dryer. 2 beds, 1 bath, 2 car garage with outdoor patio. Wheelchair accessible, near shopping, restaurants, hospitals, and local services. A quiet respite in the heart of the city: make it yours today!

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

Check Out These Hot "Just Listed" Albuquerque Properties!

by Sandi Pressley

Whether you're looking for the perfect entry level home or want to upgrade your lifestyle, these HOT new listings are ready for you to move in.  So make sure to act fast as they are sure to sell quickly!

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.

3015 SOUTHERN Boulevard SE, Rio Rancho, NM 87124

Immaculately clean like-new JEWELBOX! Must see to believe! Hurry before its gone! NEW since 2020: Roof, skylights, flooring, baseboards, paint, exterior and interior doors, windows, water heater, ceiling fans, light fixtures, garbage disposal. New stove being installed 3/29: stainless appliances. Comes with washer and dryer. 2 beds, 1 bath, 2 car garage with outdoor patio. Wheelchair accessible, near shopping, restaurants, hospitals, and local services. A quiet respite in the heart of the city: make it yours today!

Learn More!


6924 DUSTY Drive NE, Rio Rancho, NM 87144

Welcome to prestigious Lomas Encantadas! Enjoy the best of both worlds with this special home: like-new Hakes Brothers construction (built 2020) with the personal upgrades of a single owner. OWNED Solar Panels....Custom backyard with low-maintenance turf and GORGEOUS mountain views....water softener....reverse osmosis in kitchen...BRAND NEW upgraded laminate flooring THROUGHOUT (NO carpet!!)...CAT 5 home office wired...WOW! Enjoy 3 bedrooms plus an oversized office/bonus room, a Chef's Delight kitchen, and open floorplan all while being convenient to all of your daily needs (grocery stores, restaurants, etc.). Plus, the master bath feels spa-like with custom stone work and separate garden tub and shower. Come see this one today!

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

Tips For First Time Home Buyers

by Sandi Pressley

Most first time home buyers are in their early 30's when they decide to buy. That's a young age to make such a huge financial decision. Of course, it's also a stressful decision no matter how old you are.

How can you reduce the stress of buying a home for the first time? Here's a few things to consider.

How Much Home Can You Afford?

First you need to decide how much of a home you can afford before you start looking for a home. You can use an online mortgage calculator to find out the maximum amount you can afford to pay on a mortgage. This will be based on the price of the home after the down payment for a 30 year mortgage.

An even better way to pin down how much you can afford is to work with a loan officer to help you come up with an amount. They have more detailed access to information such as how much the bank can loan you and what the interest rate will be.

What Can't You Live Without In a Home?

Before the home search begins, you need to sit down and figure out what really matters to you in a home. And not just in the home itself, but the location. Also consider what would make you miserable. Then put it all down in a list of items that are non-negotiable.

After you start looking at homes, then you should take another look at your list and adjust it as you know more about the homes that are available.

Use an Experienced Local Real Estate Agent

A real estate agent can make all the difference when buying a home. Try to get a referral from friends or relatives who live in the area you want to move to. If that's not an option, you can check agent reviews online for local real estate agents.

A good real estate agent knows the Albuquerque area and listens to your needs. In many cases, a great agent will have repeat clients over the years. Look for an agent who has reviews that reflect this. They will also be able to connect you to loan officer and real estate attorneys, along with other needed professionals. Sandi Pressley and her team have decades of experience helping fitst-time home buyers realize their dream of owning a home.

Compare Prices

You should look at homes in the area that are comparable to get an idea of what they're selling for.

You can easily compare homes in the area you plan to move to using tools such as our Advanced Home Search feature.

Ask Your Real Estate Agent About Closing Costs

Closing costs can vary widely. These costs usually include hiring an attorney to look over the buyer seller agreement, along with a home appraiser to inspect the home before the sale. A good real estate agent will be happy to help you determine closing costs.

Being a first time home buyer may seem daunting, but it's something you can accomplish successfully with the right planning and information.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

7 RICHY Place, Tijeras, NM 87059

High atop in Placitas with magnificent sunrise & sunset views of mountains & mesas!! Lots of natural light, wood beam ceilings, open plan, 3 living areas, sep study/office plus In-law/guest suite! REFRIG AIR! Living room features cozy Kiva fireplace & wall of windows w/mtn views! Formal dining room &butler pantry. Beautiful kitchen has SW style cabinets, island, built-in oven, gas cooktop, bkfst bar & nook w/banco. Private master suite features a sitting room/office, fireplace, sep shower, huge walk-in closet & covered patio with views! Secondary bdrs w/Jack-N-Jill bath! Lower level walk-out living room/game room/media room! 3CG. paved driveway & cul-de-sac location. Natural landscape, 2 waterfalls, covered portals & private courtyard to enjoy the beauty and nature of Placitas!
REQUEST MO

Peace & Quiet in Tijeras! This Single-Owner Home is ready for a new owner. New Roof 2019....soaring ceilings with tons of light...2 living areas.....and a beautiful, wooded 1/2 acre is yours to enjoy. 2-car garage features a separate workshop/hobby/storage area. Relax in the sunroom or the deck while watching the wildlife. Come see this one today!

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

What Does "As-Is" Mean When Buying a Home in Albuquerque?

by Sandi Pressley

Choosing a home for sale in Albuquerque may involve seeing some listings marketed with the term "as-is." When a home is sold as-is, it's appealing to sellers because they don't have to spend time or money fixing certain things. This is an effective option for those who wish to sell quickly.

Albuquerque home buyers will usually find the homes cheaper than similar properties.

Buying a home as-is can have its perks, particularly in today's competitive housing market, but you also need to understand what it means.

What Does As-Is Mean?

Sellers who list their homes as-is make no repairs before closing. There are no guarantees that everything will work or even be in good condition. A seller's disclosure is also not required.

It is your responsibility as the buyer to fix a major issue you find in a property advertised as being as-is.

Disclosure requirements for an as-is seller still apply. This includes information about conditions such as lead paint.

A home described as "as-is" doesn't necessarily mean it's damaged beyond repair. Even if there are minor issues, a home may still be listed as-is.

The seller might be in debt, or they might be in a rush and not have time to wait for contractors to finish even cosmetic repairs.

What Factors Should You Consider Before Buying An As-Is House?

A few things need to be considered when purchasing something as-is.

There is a possibility that the house isn't livable in its current state. Perhaps you are willing to make the necessary repairs, but will your lender approve?

The livability of a property is a requirement for many types of loans. Such criteria are known as minimum property requirements (MPRs). An appraiser will assess a property to determine if it meets the MPRs.

Conventional loans aren't guaranteed or insured by the federal government. Fannie Mae and Freddie Mac also require many conventional loans to meet their requirements. Fannie Mae and Freddie Mac standards allow for the purchase of homes with only minor defects. Structure issues must be the result of normal wear and tear, but the house still needs to be safe.

An as-is property could still be eligible for a conforming loan even if it has plumbing leaks, interior wall damage, or missing light fixtures, for example.

MPRs are stricter for government-backed loans, such as a VA loan.

Getting a Home Inspection

Inspections are required when buying a house as-is. They help you understand what the issues are so that you can budget accordingly.

An inspection is not an appraisal and usually isn’t required.

The value of a property is determined by an appraisal, which is usually required by a lender. You may decide to have a home inspection done.

Partial As-Is Homes

An as-is sale of a home doesn't mean the whole thing is for sale as-is. A seller might list a property as-is but only reference certain parts of it. A shed or garage, as well as a pool that has broken, are usually partial as-is features.

When the seller says "as-is", you must ask exactly what they mean.

Required Disclosures

Finally, when you buy an as-is home, you do not waive your right to disclosures. State and federal guidelines and regulations determine what sellers have to tell you about the property.

If a seller doesn’t let you know about a known problem required in your state, you may be able to sue for the repair costs or damages.

The only federal disclosure requirement currently is for lead paint. If you’re buying a home built before 1978, the seller has to tell you if it’s ever had lead paint.

Finally, working with a great agent can be an important asset if you’re thinking about buying a home as-is. A good agent understands local New Mexico and Albuquerque disclosure laws and can help you understand the specific implications of buying as-is in your situation.

Sandi Pressley and her team can help you feel more confident in your decision or decide when it’s best not to buy.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

7 RICHY Place, Tijeras, NM 87059

High atop in Placitas with magnificent sunrise & sunset views of mountains & mesas!! Lots of natural light, wood beam ceilings, open plan, 3 living areas, sep study/office plus In-law/guest suite! REFRIG AIR! Living room features cozy Kiva fireplace & wall of windows w/mtn views! Formal dining room &butler pantry. Beautiful kitchen has SW style cabinets, island, built-in oven, gas cooktop, bkfst bar & nook w/banco. Private master suite features a sitting room/office, fireplace, sep shower, huge walk-in closet & covered patio with views! Secondary bdrs w/Jack-N-Jill bath! Lower level walk-out living room/game room/media room! 3CG. paved driveway & cul-de-sac location. Natural landscape, 2 waterfalls, covered portals & private courtyard to enjoy the beauty and nature of Placitas!
REQUEST MO

Peace & Quiet in Tijeras! This Single-Owner Home is ready for a new owner. New Roof 2019....soaring ceilings with tons of light...2 living areas.....and a beautiful, wooded 1/2 acre is yours to enjoy. 2-car garage features a separate workshop/hobby/storage area. Relax in the sunroom or the deck while watching the wildlife. Come see this one today!

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

Comparing a 15 vs 30 Year Mortgage

by Sandi Pressley

If you’re planning to buy a home in Albuquerque, you will no doubt have to decide between getting a 15 or a 30-year mortgage. It can be a tough decision, especially since you’re having to think about where you’ll be in your life that far in the future.

Here are some of the pros and cons of each:

The Pros and Cons of a 15-Year Mortgage

A 15-year mortgage fixes your monthly payment and interest rate for the life of your loan, as is the case with the 30-year mortgage. It’s an alternative to the 30-year mortgage, which is the more conventional option. With a 15-year mortgage, you can save a lot of money over the long-term if you’re willing to deal with the potential downsides.

The pros:

  • A 15-year mortgage is cheaper in the long-run than a 30-year mortgage. The cost of a mortgage is based on the annual interest rate, and you’re only borrowing money for half as long with this option.
  • Short-term loans are cheaper and are viewed as less risky by a lot of lenders, so they may offer a lower interest rate. Sometimes the rate difference can be anywhere from a quarter-point to an entire point when compared to a 30-year option.
  • The Federal Housing Administration charges lower mortgage insurance premiums on 15-year loans.
  • Some financial analysts and planners feel like a 15-year mortgage is a form of forced savings. Basically, you’re investing in a house instead of something like the stock market, but that house is likely to go up in value or appreciate.

The cons:

  • You’re going to have a higher monthly payment when compared to a 30-year mortgage because you’re paying off your entire loan in half the time. You may not be able to afford this.
  • If your aim is to get a 15-year mortgage, you may ultimately be able to afford less house because of the payments.
  • If you’re making a higher house payment each month, you’re going to have less liquidity and cash reserves and less money to put toward savings or other investments.

Pros and Cons of a 30-Year Mortgage

The pros:

  • Your monthly payments are lower. This is essentially the biggest upside of a 30-year mortgage. You may have more flexibility in your budget with lower payments simply because you’re stretching your payments out over a longer period.
  • You have some flexibility in how you repay a 30-year loan. For example, if the opportunity arises, you can pay more, but you don’t have to.
  • You may qualify for a more expensive home, so your home may grow more with your needs over time.
  • Tax laws let you deduct mortgage interest from your taxes. When you first get a home loan, most of your payments go toward interest, so that can be a substantial deduction.
  • Since the payments are smaller, it’s easier to qualify for a 30-year mortgage.
  • You have more money each month to put toward other goals, including saving and investing.

The cons:

  • Lenders tend to charge a higher interest rate on 30-year mortgages because they’re spreading their risk of you not repaying over a longer period of time.
  • You’re going to pay much more in interest over the life of your loan.
  • With a 30-year loan, you’re building equity in your home at a much slower pace.
  • With a 30-year loan, you’re putting yourself more at risk of borrowing more than you can really afford.

Overall, you can see the pros and cons of each are significant. There’s no right answer as to which is the better option. It depends on your financial situation and your goals and priorities not only now, but into the future.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

High atop in Placitas with magnificent sunrise & sunset views of mountains & mesas!! Lots of natural light, wood beam ceilings, open plan, 3 living areas, sep study/office plus In-law/guest suite! REFRIG AIR! Living room features cozy Kiva fireplace & wall of windows w/mtn views! Formal dining room &butler pantry. Beautiful kitchen has SW style cabinets, island, built-in oven, gas cooktop, bkfst bar & nook w/banco. Private master suite features a sitting room/office, fireplace, sep shower, huge walk-in closet & covered patio with views! Secondary bdrs w/Jack-N-Jill bath! Lower level walk-out living room/game room/media room! 3CG. paved driveway & cul-de-sac location. Natural landscape, 2 waterfalls, covered portals & private courtyard to enjoy the beauty and nature of Placitas!
REQUEST MO

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

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

Are you still thinking of the perfect way to spend time with the kids during Spring Break? Living in Albuquerque gives you plenty of exciting options. Here's a short list of some of the most kid-friendly activities in the area that are sure to thrill kids of all ages. (And you can keep them learning without them even realizing it.)

Albuquerque BioPark

At the Albuquerque BioPark, you can see sharks and polar bears living in the desert. The Albuquerque Zoo offers close encounters with animals from around the world. At the Albuquerque Aquarium, you'll discover how even though we live in a landlocked state, we are closer to the sea than you might think. The Albuquerque Botanic Garden is blooming with spring just around the corner. Then, finish it all off with a stroll through the Bosque or a trip to Tingley Beach.

New Mexico Museum of Natural History & Science

Discover dinosaur bones and fossils up close at the New Mexico Museum of Natural History & Science. On this journey through time, visitors discover how the universe formed billions of years ago and how it evolved to the present day. Discover what the Land of Enchantment used to look like millions of years ago, and learn about creatures that once roamed the land. The museum also hosts temporary exhibitions. With "Dogs, a Science Tail", visitors can learn why man's best friend is so special. This exhibit is on display through May 1.

American International Rattlesnake Museum

The American International Rattlesnake Museum is located in Old Town Albuquerque and houses rattlesnakes from all over the world. Discover why rattlesnakes don't deserve their bad reputation.

Petroglyph National Monument

Get outdoors by taking a hike on one of the trails at the Petroglyph National Monument, site of one of the largest petroglyph sites in North America. Native Americans and Spanish settlers carved symbols and designs into rocks hundreds of years ago, and the images can be viewed on a number of trails ranging from a short walk to a 2.2-mile hike.

Electric Playhouse

There's a lot going on at Electric Playhouse. Boredom will never set in with dozens of continually rotating games available. Kids and adults can play brain teasers together or burn some energy with games that require them to move. Every experience is unique!

National Museum of Nuclear Science and History

The National Museum of Nuclear Science and History teaches you about the Atomic Age. See how New Mexico contributed to nuclear science as we know it today. Visitors can also check out “To The Moon: Snoopy Soars with NASA,” an inside look at the Apollo 10 mission and Snoopy’s role in that flight. The exhibit runs through May 15.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

High atop in Placitas with magnificent sunrise & sunset views of mountains & mesas!! Lots of natural light, wood beam ceilings, open plan, 3 living areas, sep study/office plus In-law/guest suite! REFRIG AIR! Living room features cozy Kiva fireplace & wall of windows w/mtn views! Formal dining room &butler pantry. Beautiful kitchen has SW style cabinets, island, built-in oven, gas cooktop, bkfst bar & nook w/banco. Private master suite features a sitting room/office, fireplace, sep shower, huge walk-in closet & covered patio with views! Secondary bdrs w/Jack-N-Jill bath! Lower level walk-out living room/game room/media room! 3CG. paved driveway & cul-de-sac location. Natural landscape, 2 waterfalls, covered portals & private courtyard to enjoy the beauty and nature of Placitas!
REQUEST MO

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

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

What to Expect from a Home Inspection

by Sandi Pressley

A home inspection is a requirement of real estate transactions. Professional home inspectors examine properties and identify problems a potential buyer should consider. It is possible to visit a home inspection if you are a prospective buyer. In either case, you'll receive a report of the inspection's findings.

It can be devastating to buy a home in Albuquerque only to find that it has structural problems that aren't fixable or are extremely expensive to fix after you buy the home. An inspection can help you avoid that potential disaster. Before buying a home, make sure the property has been inspected. Any major problem you discover can be discussed with the seller.

Although the two are sometimes confused, an inspection is not the same as an appraisal. An appraisal estimates the value of your property. Appraisals do not identify specific problems, but mortgage companies normally require them. Inspections are not required, but they are important.

Buyers and sellers must also conduct inspections. An inspection by a buyer occurs after you've made an offer, but before closing. Depending on what you find, you might need to renegotiate. A seller's inspection occurs before a home is listed for sale. Sellers might choose to do this to ensure their home is in a good condition before putting it on the market.

What Do Inspectors Look For?

Home inspections cannot cover everything, and there are certain parts of a house that may require an additional inspection.

A home inspection involves assessing the mechanical systems and structural integrity of a home. Windows, doors, ceilings, and walls are all assessed. Inspectors take a close look at major appliances, check the heating and air system, and examine the plumbing and electrical systems. Inspections aren't there to determine if you're getting a good deal.

Inspectors aren't interested in cosmetic issues unless they are also safety concerns.

The Report

You may see that an inspector completes a report using a checklist, or they may include paragraphs outlining problems. Any inspection is likely to uncover some issues unless the house is brand new.

How Does an Inspection Affect the Sale of a Home?

Buyers and sellers may renegotiate or end a potential deal if an inspection reveals potential issues.

In the event that a potential buyer walks away due to the inspection, you will have to put your home back on the market. An under contract or pending home that returns to the MLS can be a red flag for some buyers.

Potential buyers might demand that the seller make necessary repairs as part of renegotiation. The seller may also issue a credit so the buyer can make the repairs by themselves.

Before agreeing to anything, a seller may hire their own experts to determine what the inspector found. Inspectors can make mistakes.

Hiring an Inspector

You should hire a good inspector when buying a home in Albuquerque. Choose an inspector who is certified by an organization such as the American Society of Home Inspectors or the International Association of Certified Home Inspectors. To become a member of these organizations, you must pass exams, complete continuing education, and follow an ethics code.

Also, you might consider interviewing an inspector, who can share more information about their experiences. There are inspectors with specific expertise. A historic home inspector, for example, may be more appropriate for a home in an area such as Albuquerque.

Also, you can ask for references from past clients.

Last but not least, expect to pay anywhere from $300 to upwards of $500 for an inspection. This is typically paid upon completion of the service, and is not included in your closing costs.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

2528 BOSQUE ENTRADA Trail NW, Albuquerque, NM 87120

Welcome home to a slice of country living in the city! This impeccable 3 bed | 2 bath home is located in the much desired Bosque Del Rio neighborhood. Home features: freshly painted interior with an open concept kitchen, newly painted kitchen cabinets and new hardware, SS appliances, Quartz countertops, new fixtures, plantation shutters and window seats, 2 refrigerated air units, open and spacious living room. Outside is beautifully landscaped with low maintenance plants, trees and flowers; very relaxing! The Bosque trails are walking distance - where you will enjoy New Mexico living at its finest. Schedule your showing today!

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

If you're getting a bit tired of the hustle and bustle of city life, then these latest homes for sale in Albuquerque and Sandia Park are the ideal solution. They offer country living and amazing scenery, along with being outstanding homes. So make sure to act fast as they are sure to sell quickly!

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.

2528 BOSQUE ENTRADA Trail NW, Albuquerque, NM 87120

Welcome home to a slice of country living in the city! This impeccable 3 bed | 2 bath home is located in the much desired Bosque Del Rio neighborhood. Home features: freshly painted interior with an open concept kitchen, newly painted kitchen cabinets and new hardware, SS appliances, Quartz countertops, new fixtures, plantation shutters and window seats, 2 refrigerated air units, open and spacious living room. Outside is beautifully landscaped with low maintenance plants, trees and flowers; very relaxing! The Bosque trails are walking distance - where you will enjoy New Mexico living at its finest. Schedule your showing today!

Learn More!


76 SANDIA CREST Road, Sandia Park, NM 87047

Welcome to this charming mountain cottage surrounded by mature pines, native flowers and landscape. Freshly updated home. Stylish Kitchen with maple cabinetry, beautiful granite. Stainless appliances. Antique cupboard/pantry in kitchen will stay. Newer luxury vinyl flooring. Dining with views of soaring pines in the backyard. Enter home through a bright sunroom/mudroom that could be used as an office with south and east facing windows and views. Enjoy the open great room flooded with natural sunlight and warmed by a wood burning stove. Both bedrooms are separate for privacy. Possible 3rd bedroom on the back of the home in the basement. Deck on the back of the house is covered to enjoy NM evenings and stargazing. Community water. Septic inspection has been completed. 

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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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