Real Estate Information Archive

"Freedom lies in being bold." – Robert Frost

We would like to wish all of you the best this Independence Day. We've been thought so much over the past year. But we persevered and are bold. And that's what makes us free.

If you want to celebrate the 4th with a grand event, come to the Rio Rancho 4th of July celebration at Campus Park. 

For the first time ever, Campus Park, featuring the Sky Room outdoor performance space and amphitheater, will open to the public for some summer fun. Spectators will enjoy live music by the 44th Army Band and a special concert by the New Mexico Philharmonic. Following the performances, a spectacular fireworks show will begin. Admission to these events is free. For those wishing to only view the fireworks and not wanting to attend the musical performances or visit Campus Park, there is ample parking available in the multiple lots surrounding City Center. Visitors may park in the lots and tailgate as they enjoy a dazzling fireworks display. Performance times:

• 6:00 to 8:00 p.m.—44th Army Band
• 8:00 p.m. to 8:15 p.m.—Campus Park Ribbon Cutting Ceremony and reading of Independence Day Proclamation
• 8:15 p.m. to 9:15 p.m.—New Mexico Philharmonic
• 9:15 p.m.—Fireworks Extravaganza

Have a Safe and Happy Independence Day!

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.

For a while, many Albuquerque home owners had lost interest in dining rooms. Formal dining rooms didn't get decorated or even used since homeowners weren't motivated to do so. 

But that may be changing. The dining room has lost its footing over the years to expanded kitchen eateries and admonished for its lack of use, but the formal dining room is making a strong comeback.

Make your dining room stand out with these tips.

The right table

It's all about scale. An improperly sized table can throw off the whole room. “When choosing a dining table shape, consider your room's dimensions, how many people you'll typically want to seat, and your entertaining style,” said Wayfair. “Don’t forget, removable leaves allow you to adjust a table depending on the size of your dinner party.”

Color 

Adding a personal touch to the dining room makes it a great place to showcase your unique personality. You can be bold with those walls and use a deep, rich, vivid, or saturated color. You can also choose a wallpaper that catches the eye. Wallpaper has been in vogue for a while now, and the dining room is the ideal base for pretty patterns.

Lighting

Make a statement with a chandelier. Where else but the dining room? But that's just the beginning. 

“Ideally, you should choose bulbs and fixtures that produce between 200 and 400 watts, but the real key is layering: make sure to use a mix of lighting sources including floor lamps, wall fixtures, candles and windows (Yes, natural lighting counts too!),” said Pottery Barn. “The shape of your light fixture is also important. Choose a shape that complements your dining table. For example, hang a rounded fixture above a round table and choose an oval or linear fixture to hang above longer and rectangular tables. Finally, consider the size of your space. If you have a large dining room, go big and bold with an extravagant chandelier. If your space is smaller, smaller hanging pendants will achieve a similar effect without taking up too much space.”

Seating

Combining comfort and class is the way to go. Make sure you pay attention to the seat fabric as well. Here's another chance to show off your flair. 

It is also important to use a high-quality fabric. If you have young children, you may need to consider the fabric's porosity. Top choices include microfiber and leather. A busy pattern also works well because stains won't show up as easily. 

Add a rug

“Round out your dining room design with vibrant area rugs,” said Better Homes and Gardens. “Anchor your dining set with a colorful area rug that harmonizes with your palette and decorating style. Area rugs should extend at least 2 feet beyond a table's sides to accommodate occupied chairs. An 8x10-foot area rug is a good fit for most dining sets. Introduce kicky slipcovers, graceful draperies, fabric lampshades, eye-catching artworks, framed mirrors, and cool collections that counterbalance your furniture's heavy forms and hard edges.”

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!

12623 INDIAN Place NE, Albuquerque, NM 87112   $299,000

4 Bedrooms / 2 Bathrooms (1 full, 1 half) / 1906 Square Feet

Move In Ready! Don't miss the opportunity to own this lovely & meticulously maintained NE Heights home, nestled in the quaint Royal Heights neighborhood! The efficient floorplan offers over 1900 square feet with both formal & informal living spaces; complete w/4 bdrms! Interior professionally painted 2021; New Evap cooler April 2021; Pella sliding door; Pergo flooring & more! Well thought out kitchen features beautiful cabinetry & counters; eat at peninsula; updated back splash; & pantry addition, all which opens to the cozy family room w/wood burning fireplace, leading out to the landscaped backyard w/large covered patio; lawn; shrubs; trees; & storage. Views of the Sandia Mtns on a large corner lot w/great curb appeal; close to foothills, trails, shopping, & commute. Don't wait to show!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

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

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

10200 Corona Avenue NE, Albuquerque, NM 87122

$1,899,000

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

Learn More!

13516 DEER TRAIL Place NE, Albuquerque, NM 87111

$875,000

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

Learn More!

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

The average time to sell a home is 25 days. This is significantly better than how things were back in 2010 when the average time it took to sell a house was 140 days. However, this is not fast, and your home is not guaranteed to sell in 25 days. There are a number of factors that determine how quickly you can sell your home, such as location, season, and others.

If you want to sell your home in Albuquerque quickly, what do you do? You may have seen those "we buy houses for cash" signs. Are you able to sell your home in a few days without doing any repairs, or even cleaning it up for walkthroughs by buyers? 

If it sounds too good to be true, perhaps it is.

Let’s see what’s going on with these home buyers.

Who Are They?

Buyers who offer to buy homes for cash are not the typical buyer. Their purpose isn't to live in or find a rental property. Their aim is to earn a quick profit by investing in properties. 

The objective of such home buyers is to buy a house for the cheapest possible price, fix it up, and resell it soon after. In just a few months, they often make a large profit. 

Who Do They Target?

In order to accomplish this, they specifically target motivated and desperate sellers. Have you tried listing your home for sale and the listing expired without a sale? A cash buyer probably contacted you soon after. When you fail on the open market, you may have no choice but to sell your house for cash at a rock bottom price.

It is possible that your home did not do well on the market for any number of reasons. You can ask a knowledgeable agent what changes to make for your next attempt. A good agent will always provide you with a better return than a cash buyer.

In the same vein, cash buyers go after people in situations that require a fast sale. A few examples include:

• Divorcing sellers
• Bankruptcy
• Foreclosure
• Employment change
• Probate sales

Often these buyers are called "opportunity investors". Their goal is to earn some serious cash. Opportunities are often found in other people's misfortune.

Benefits

The fact that they can sell their home quickly, however, may seem like a blessing to some people in these situations. A fast sale would take care of their problem of not getting enough return on their investment.

Cash buyers are also quick to close. 

It typically takes about 30 days to close a financed purchase. In most cases, it's the lender who drags out the process by requiring appraisals and other paperwork and procedures before approving the funds release.

This is not an issue for cash buyers. It's quite common for them to visit your home within two days after you contact them. You may receive an offer on the spot or within the next few days. Most of the time, titles are cleared by a title company that they have on-hand. 

Also, a home inspection can slow down the transaction. Usually, buyers request them before closing the sale, and may even request repairs to be made.

This is not what cash buyers do. As a rule, they buy the house "as is" and do the repairs later.

You will hand over the keys in only a few days, and the house will be sold.

Negatives

This sounds really good, doesn't it? Where's the catch?

Your profits and equity will most likely disappear. A cash buyer's offer is often just enough to pay off your mortgage. Generally, you will only receive 50-80% of the market value. 

To save on the hassle of conventional marketing, 80% of the market value might seem attractive. Yet the average is about 65% of the market value. Alternatives exist, as well, such as iBuyers such as Opendoor, which offer a more convenient and speedy buying process.

These types of companies should also be treated with extreme caution. They are scammers in some cases. Buying a home, but not paying for the mortgage, is a common scheme. There have been a number of instances where sellers who no longer owned the property found themselves still responsible for paying the mortgage.

Make sure you do your research before selling your home to a cash buyer. Selling a property to get rid of it is not the only option. Alternatives are available that are more lucrative.

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!

4704 SILVER HAIR Road NW, Albuquerque, NM 87114   $325,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2370 Square Feet

**Updated & Meticulously Maintained** This beautiful home with an open & light filled floorplan offers two living areas for both formal & informal gatherings; Updated/remodeled kitchen appointed w/gorgeous granite cntrs; glass/stone backsplash; SS appliances; & sunny breakfast nook. Master retreat features view balcony w/composite decking; updated spa like en suite; & huge walk-in closet! Two additional bedrooms upstairs + updated full bath! Fourth bedroom/study & updated 3/4 guest bath on main level. Interior professionally painted May 2021; Upgraded Evap cooler; Extra large 2 car garage w/storage cabinets/shelves. Relax out back in the hot tub that will convey; covered & open patio areas; shrubs, flowers, trees. Close to shopping, the bosque, & schools. See Seller's Feature page for more!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Have you heard about Opendoor? If you plan to sell your home in Albuquerque, perhaps this company has crossed your path. Opendoor is capitalizing on the popularity of iBuyer technology. The term iBuyer refers to an instant buyer. IBuyers theoretically make the process of selling a home easier, faster, and sometimes cheaper.

What Is an iBuyer?

As was touched on, Opendoor is characterized as an iBuyer. Using technology, iBuyer companies offer instant offers on properties. Data and advanced algorithms are used by an iBuyer company to estimate the value of a property. Based on that information, they make an offer.

Traditionally, sellers do not have to market and sell their homes. iBuyer then takes ownership of the home, makes any necessary repairs or changes, markets it, and eventually sells it on.

Occasionally, the terms iBuyer and flipper are used interchangeably, but there often appears to be differences between the models. Flippers typically buy foreclosure homes or homes near foreclosure that need extensive renovations. The work will be done and then sold for a profit.

IBuyers tend to search for homes in good condition, and they'll likely pay fair market value. Repairs might be made, but most renovations are minor.

Where do they make their money?

Opendoor is a fee-based service. The iBuyers try to charge a commission fee that is comparable to that of a real estate agent. Fees are based on the time required to sell a property.

What Is Opendoor Specifically?

Opendoor is one of the largest iBuyers at the moment. A lot of credit goes to them for starting iBuying. Opendoor charges its customers a service fee.

When someone submits an offer request, Opendoor will provide the seller with all-cash offers within 24 hours. After entering your address, you can choose the features of your home and any upgrades you've made. After you accept the offer from Opendoor, they'll send a team out to conduct a walkthrough.

They deduct the costs of repairs if they believe they are necessary. You only need to choose a closing date if you agree to the offer and terms.

What Are the Pros of Opendoor?

There are definitely some upsides to Opendoor. To begin with, it is simple. That’s the biggest benefit. Traditional methods of selling a house can be time-consuming and frustrating. An inspection, closing, and selling a house can take months. It is really possible to get an offer within 24 hours on Opendoor, and they also pay for the inspection.

What Are the Cons of Opendoor?

Opendoor has its downsides, as with anything.

First of all, it helps if you have some idea about the local Albuquerque real estate market. Selling a home requires you to make smart decisions that lead to a competitive offer from Opendoor. You might be better off working with a realtor in the traditional sense if you do not have this knowledge and experience.

It's also possible that you won't make as much money selling your home as you would if you sold it traditionally, especially if you live in a seller's market right now.

Also, Opendoor charges at least 7.5% for using the service, which is more than the usual commission paid to real estate agents. There is also a disclaimer that they could charge as much as 14%, whereas real estate agents usually charge just 6%. Fees are determined by how long it takes to sell your home, its features, as well as comparable homes in your area.

Furthermore, Opendoor determines the cost of any repairs based on its own inspection. You can negotiate repair costs if you sell your home conventionally.

Opendoor and other platforms like it may seem as if they're the future of real estate, but it's more likely to be a component of it. But working with a real estate agent will also remain a popular choice for buyers and sellers.

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

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

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

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

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

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

4) Water supply pipes.

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

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

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

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

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

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

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

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

HOT HOME LISTING OF THE WEEK!

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

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

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

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team