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Should You FSBO or Hire an Agent When Buying a Home in Albuquerque?

by Sandi Pressley

It may seem to be a bit predictable that a real estate agent would advise you not to sell your house on your own, or FSBO (For Sale by Owner). But it really is in your best interest when selling a home to consider why using an agent to sell your home really will get you more money and sell your home faster.

Selling your home will no doubt be the largest transaction in your life. It's one thing to sell something large like a car on Craigslist or Facebook for a few thousand dollars.  But we're talking about hundreds of thousands of dollars here, possibly millions. Plus there's far more than just exchanging money to consider. There's legal considerations, mortgages, mounds of paperwork, and more than a few people to negotiate with. Also, do you know how much your home is really worth in the market, especially here in the Lowcountry?

The thing to remember is that real estate agents have many years of experience and training in selling homes.  Sellers usually do not have this experience. Your ability to negotiate will determine if you get the best deal for you and your family.

Here is a list of some of the people you must be prepared to negotiate if you decide to FSBO:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling
  • Your bank in the case of a short sale

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1005 Quincy Street SE, Albuquerque, NM 87108  $210,000

3 Bedrooms / 1 Bathrooms (1 full) / 1105 Square Feet

UNM South 3BDRs/1BA/1CG HUGE BACKYARD!!! WOW! Beautifully REMODELED KITCHEN with Quartz countertops, new cabinetry, SS appliances, recessed lighting! NEW ROOF! (2018) Updated windows! Hardwood floors!! Huge backyard features a pergola covered patio, grass, trees & mature landscaping & walled for privacy & plenty of room to entertain family & friends!! Excellent location UNM South, close to parks, schools, shopping, UNM & Nob Hill!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Staging Your Home to Sell in Albuquerque

by Sandi Pressley

Are you getting your home ready to sell in Albuquerque? If so, it’s a busy time for sure, with plenty of preparations to make. One of the things you need to really focus on though is making your home stand out in the Albuquerque real estate market. This is called staging. Many people may feel the need to hire a professional to make their home shine. There’s nothing at all wrong with that idea, but it can get expensive.  You can save money by doing a few basic main tasks. And the best part is that you can save money and raise the potential of selling your home for more.  Here’s what you can do.

De-Clutter & Clean

Who wants to buy a dirty home? Not many, so make sure you go through your house with a fine-tooth comb. Your home needs the deepest clean it’s ever had. Go room by room and clean from top to bottom.  Then sort through all of your possessions and decide what really needs to stay for showings and what you can discard or put in storage.  Doing this kills two birds with one stone. You not only raise the appeal of your home, but it will be easier to move when you sell. Keep in mind that this is no longer going to be your home. Buyers need to see it as their own, so make sure the slate is as clean as possible so that they can envision their own possessions in it.

Be Versatile

Sure, the pink kid’s room may have been cute once. But it may not appeal to everyone. The best thing with rooms is to make them more generic instead of making it seem like they need to be used for the purpose you used them for. You can paint the bedrooms a more gender neutral color and take down posters and other personal items.  If you have a room that you used for something specific, like a sewing room, you may want to turn it into a more general guest room with a desk or table for projects.  Like we mentioned above, buyers need to see this home as their own and be able to see themselves living in it.

Curb Appeal

We all know the saying about first impressions. When it comes to selling a home, that saying rings true. What do people think when they drive by your home? Why not ask your neighbors or friends? The more ideas and input you can get, the better. The fact is that many times buyers will drive by a home before they even schedule a showing. You don’t want that, obviously, so make sure you make the outside of your home appeal to as many buyers as possible.  You should make sure the yard is well cared for.  Add a fresh coat of paint to the siding and trim.  Polish or replace dull hardware.  Clean the walkways and driveway. Also think about investing in new roofing if it’s showing its age.

Other things you can look at in your home are making sure your foyer is clean and clutter free, do a walk through to find areas to focus on, find ways to let in more light, cleaning the fridge and organize the cupboards.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1005 Quincy Street SE, Albuquerque, NM 87108  $210,000

3 Bedrooms / 1 Bathrooms (1 full) / 1105 Square Feet

UNM South 3BDRs/1BA/1CG HUGE BACKYARD!!! WOW! Beautifully REMODELED KITCHEN with Quartz countertops, new cabinetry, SS appliances, recessed lighting! NEW ROOF! (2018) Updated windows! Hardwood floors!! Huge backyard features a pergola covered patio, grass, trees & mature landscaping & walled for privacy & plenty of room to entertain family & friends!! Excellent location UNM South, close to parks, schools, shopping, UNM & Nob Hill!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

What are Appraisal Contingencies?

by Sandi Pressley

Here's the scenario: You're buying a home in Albuquerque, and the seller has accepted your offer.  The contract is signed and you've paid the deposit.  Then you have the home appraised and it turns out that the home is worth less than what you offered. And now the bank won't grant the mortgage.  So how do you avoid this kind of situation? Appraisal contingencies are the answer.

What are appraisal contingencies?  They are conditions that have to be met on a real estate contract before it becomes legally binding.  Most real estate contract include these conditions:

  1. The appraisal contingency: This states that the home has to be appraised at the sale price or higher.  This will help keep the mortgage from falling through.
  2. The finance contingency: This mandates that the deal is based on the bank granting the loan.
  3. The inspection contingency: The home must pass inspection.

These conditions must be met in a specified time.  If they aren't then there's no deal and you get your deposit back.

The appraisal contingency works like this: the bank hires an appraiser to assess the fair market value of the home.  This value is based on similar Albuquerque homes in the area, and is referred to as comparative sales, or comps. The bank will only loan the amount that the home is appraised for.  So if the appraisal is lower than what the seller is asking and they refuse to lower the price, you can walk away from the deal and get your money back.

So you might wonder if this is the same thing as a finance contingency. The finance contingency can sometimes cover the same things. If the bank refuses to write a mortgage based on a lower appraisal, then you can leave the deal.  But the bank may agree to a smaller loan that meets the finance contingency. In that case, the seller can demand that you pay the difference.  So if you don't also have the appraisal contingency, then you're left having to come up with that extra money, or be in breech of contract and possibly lose your deposit. And that's why you should have both the appraisal and finance contingency in a contract.

What if the appraisal is too low and you still want the home?  You can ask the bank for another assessment, as well as present evidence that represents what you believe makes the home worth more.

Should you ever enter a deal without contingencies? In this hot Albuquerque real estate market, sellers can entertain offers from multiple buyers.  The easier the deal is for them, the better chance you have of getting the home.  But you run the risk that you won't get the loan you need. In the end, it's up to you, based on the market and what risks you want to take either way.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1133 Santa Ana Avenue SE, Albuquerque, NM 87123  $499,000

4 Bedrooms / 3 Bathrooms (2 full, 1 partial) / 3550 Square Feet

Oversized .46 Acre Corner Lot! BACKYARD ACCESS! Incredible backyard for entertaining family & friends with the great room & game room opening on to the covered patio, pool area and beautiful landscaping! Separate wings, 4BDRs, 3BATHs, TWO living areas, formal dining and large game room with built-ins, cabinets & wet bar! Refrigerated Air! Pool & electric pool cover! Lots of windows and skylights make it light, bright and open! Kitchen features a built-in oven, gas cooktop, built-in cabs, tile flooring & bkfst nook. Oversized master suite opens on to the covered patio & features a jetted tub, separate shower, double vanity and walk-in closet. Conveniently located close to the golf course, shopping, easy access to KAFB, Sandia Labs, downtown ABQ!!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Save Money the Next Time You Move

by Sandi Pressley

If there's one thing that's always true about moving, is that it's expensive. You can easily rack up thousands of dollars of costs along the way. But it doesn't need to cost as much if you plan ahead and follow these simple suggestions.

1. Timing Your Move

The timing of your move can really affect how much you spend. You can save more by moving during the months between October and April, as this is a less busy time for moving companies. Moving companies also usually charge less during weekdays. If you have flexibility, try to schedule your move during these times.

2. Lighten Your Load

It should come as no surprise that the less items you have to move, the less you'll pay. This applies to either hiring a moving company or renting a truck.

Moving is a perfect time to purge the extra clutter from your life. You can start with the larger items, then work your way to the smaller things. You can have a moving sale to make some extra cash, or donate your items to charity. Some charities will even pick up larger items. You can also write off donations from your taxes.

Reducing the amount of items you move reduces effort and stress as well. And if you have friends and family helping, they'll appreciate that you've done what you can to lighten their load as well.

3. Save on Boxes

If you use boxes from a moving company, they will cost more, as they're sturdier and offer more protection. But you can reduce this cost by buying used boxes sold by many moving companies. They offer the same protection as new boxes.

You can also check post on Facebook Marketplace or Craigslist, along with local stores. Try to find liquor boxes, as they're more sturdy. Just make sure the boxes are in good shape and can be sealed properly.

4. Pack It Yourself

If you use a moving company, you can pack your own boxes to save money. But you should check with them to make sure of their policies on packing your won boxes. They have safety concerns and may make you repack them if not done correctly.

5. Save Your Receipts

Make sure to save all of your receipts of your company or military is reimbursing you.

6. Shop Around

Don;t just go with the first moving company you find. Check around and compare prices. Also make sure to check out ratings on Google. along with the Better Business Bureau.

You can also check with the Federal Motor Carrier Safety Administration, which receives over 4,000 fraud complaints each year related to interstate moves, primarily related to lost items, damage to property, or overcharges. Doing your homework will help you find the best price and select a reputable company.

Moving doesn't have to cost as much if you follow these basic tips.

Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

8309 Rancho Paraiso NW, Albuquerque, NM  $269,000

4 Bedrooms / 3 Bathrooms (2 full, 1 partial) / 2276 Square Feet

 You don't want to miss this picturesque almost 1/4 acre with backyard access. This is a fabulous 4 bedrooms home. Master is on the first floor. Spacious, well appointed kitchen. Light, bright wonderful family home. Pride of ownership is apparent. Balcony with fantastic views upstairs. Sought after neighborhood with easy access to all amenities. Don't wait to see this sensational home! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

From Rental to Your New Home - The Move Out Checklist

by Sandi Pressley

You did it! After all those years of renting and paying someone else's mortgage, you've purchased your own home at last. Now it's time to get ready to move out of your rental and into your dream home. 

But if you've never moved from a rental before, or if it's been a few years, you may have forgot all the things you need to do in order to properly leave your rental so that you get as much back from your deposit as you can. You'll certainly need that money for your new home, so it's a good idea to cover all of your bases when moving out of your rental.

Here's a checklist of the tasks to prioritize so that you can get back your deposit.

Two Months Before the Move: 

Examine Your Lease

As soon as you decide to move, you need to ask your landlord or leasing company about the move-out guidelines in your lease. Check your copy of the lease and go over specifics about how much notice is needed, cleaning responsibility, and other essential items.

Asses Damage 

Check the areas of your rental to see what needs repair before the final inspection. Go over the list with your landlord to see what items they will fix, and what you are responsible for.

 

One Month Before the Move:

Give written notice.

Write a letter to your landlord or leasing company with the exact date of your move. Make sure to give notice according to their rules or you may lose your deposit

Cancel or Change Your Renter’s Insurance.

Contact your insurance company to advise them of your move date.

Gather Supplies

Get together all the supplies you'll need, such as boxes, tape, and packing materials.

 

Three Weeks Before the Move:

Start Decluttering and Packing.

Start organizing and getting rid of things you won't need to move. Sell them, donate them, or give them to other tenants in your complex.

Tie Up Loose Ends

Make sure you get time off work, check into boarding pets, and changing utilities such as phone and internet, electricity, gas, and water to your new home. That will make sure you're not moving in the dark in your new home.

Want more tips on what to do before your move? Check back on our blog later this week for part 2 of this article.

Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

2536 Sarita Avenue NW, Albuquerque, NM 87104  $169,000

3 Bedrooms / 2 Bathrooms (2 full, 0 partial) / 1232 Square Feet

 Convenient location near Old Town & Rio Grande! Wonderful home with tile roof, refrigerated air, great room with fireplace open to kitchen with breakfast bar & pantry. Nice layout featuring master bedroom separate from the 2 additional bedrooms, great covered patio & attached 2 car garage. All appliances stay! Don't miss this turn key property!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

How to Use Our Website to Buy or Sell Your Next Home

by Sandi Pressley

The Sandi Pressley Team has taken great care in making our website, www.albuquerquehomesolutions.com, a useful and powerful tool for anyone looking to buy or sell a home in Albuquerque. Our website is full of useful features and tools that will help you start your home buying or selling journey. If you plan to buy or sell a home soon, why not a take a few moments to see how our website can be a valuable resource.

Here's a few main features to look for on our website.

For Home Buyers

Featured Properties

Our Featured Properties page showcases our own premium listings in the Albuquerque area. You can sort listings by a number of factors, such as price, type, and open houses.

Property Search

This powerful property search tool lets you find the perfect home in Albuquerque that fits your exact needs. You can refine your search using a wide range of parameters, such as price range, sq feet, construction, schools district, and much more. By clicking on the Map Search tab, you can even draw a map around the area you want to search in.  It makes find the right home in Albuquerque even easier!

There is also a list of neighborhoods in the main menu under "Search MLS" which will let you search for homes in that specific neighborhood, along with information about that neighborhood.

Property Detail Pages

Selecting any property in the Featured Properties or Property Search pages will bring you to a comprehensive detaile page for that property. In addition to detailed information about the property itself, you can also view information about local schools, walks scores, and use a convenient mortgage calculator.

Email Listing Alerts

Be the first to know of new homes that meet your search criteria as soon as they hit the Albuquerque real estate market. It's a free, no obligation service that will help you stay in tune with the local real estate market.

Community Pages

Want to learn more about the communities that make up the Albuquerque area? These community real esatet and information pages will give you the run down on each community, along with being able to search homes for sael in those communities.

Buyer's Resources

This section features a number of useful articles to help home buyers with a variety of topics.

For Home Sellers

Home Valuation

Get an instant market valuation for your Albuquerque or surrounding area home. It's free, and no obligation.

Seller Resources

Just like the Buyer's Resoruces section, this section also features a number of useful articles to help home sells with a variety of topics.

These are just a few of the helpful tools and resources avaiable to our current and future clients. If we can offer any additional help in buying or selling your home, please feel free to conatct us.  We're always happy to help.

HOT HOME LISTING OF THE WEEK!

3620 Monte Vista Boulevard NE, Albuquerque, NM  $330,000

3 Bedrooms/ 2 Bathrooms (2 full, 0 partial) / 1590 Square Feet

Vintage beauty in the heart of NOB HILL!! Vintage feel in harmony with modern elements. This updated and remodeled classic home features a versatile floor plan with 3BDRs/2BAs plus two living areas, an office/study, second kitchenette and second entrance. Desirable URBAN location is close to shopping, restaurants, parks, Nob Hill, UNM and transportation!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Can Using Storage Help Your Next Move?

by Sandi Pressley

Selling your home can be challenging and stressful. You're taking on two major tasks at once - getting your home to show to potential buyers and getting ready to move. Will getting a storage unit will help the process go more smoothly? Yes and no, depending on your situation.

When you move, it provides a perfect opportunity to clean the clutter from your life.  You can sell, donate, or dispose of the things you don't need, meaning you'll have less to pack and move.

But you may also not have enough time to go through everything, so you may need to do whatever it takes to get through the process. That's where storing items may be an advantage. What are some things to think about when considering if you should use storage when you move?

Advantages of Using Storage

  1. Pack up all the things you don't need now.
  2. Staging your home will be more simple.
  3. You home will look larger, adding to selling appeal.
  4. Personal items will be out of sight from buyers.
  5. Out of sight, out of mind.
  6. You can sort all your items later.
  7. You can decide what furniture works best in your new home and decide what to keep after you move.

Disadvantages of Using Storage

  1. Another expense.
  2. You'll have to handle everything twice, which is more work.
  3. Not all units guarantee your items will be safe, so you may need additional insurance.
  4. Storing items can lead to delayed decisions about what stays and what goes.
  5. You may end up storing things you don't need, and paying monthly fees for those items.
  6. It's hard to reach items in the back of a full unit.

Portable Storage Units

By now, you've seen people use portable storage unites. PODS was one of the first companies to offer this service, but other companies have caught onto the trend. Portable storage units can either be used for long term storage or to store and move items to your new home. That way, you can keep the storage at your house and pack as you go.  Then the unit is delivered to your new house, or taken to a warehouse for long term storage.

The great thing about portable storage is that you can pack and unpack everything in one go. This way you don't need to haul your things to a storage facility, then back again to the new home.

Moving is hard work for sure.  But with careful planning and good use of storage, you can make the process go more smoothly.

HOT HOME LISTING OF THE WEEK!

5007 Ensenada Place NW, Albuquerque, NM  $325,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 2338 Square Feet

CASUAL ELEGANCE in this newly built custom home in the North Valley!! Close to Rio Grande Nature Center, Farmer's Market, shopping, restaurants and boutiques in the North Valley! Guest BDR with its own full bath! Landscaped yard, large covered patio, walled for privacy and hard to find oversized 3CG!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

4 Reasons to Sell Your Home in Albuquerque This Spring

by Sandi Pressley

4 Reasons to Sell This Spring in Albuquerque

Are you ready to sell your home in Albuquerque? If so, then now is the perfect time to sell. Typically, Spring is usually the best time of year to sell a home. But there are other factors taking place right now that make selling your home this Spring even more advantageous. Here are the 4 reasons you should sell your home now.

1. Strong Demand

The National Association of Realtors Buyer Traffic Report shows that buyer traffic is strong in New Mexico. Buyers are ready and able to buy right now. And the more buyers on the market means that they are competing with each other to buy homes, meaning a bidding war could happen over your home. In the end, that could mean more money in your pocket.

2. Less Competition

Housing inventory has been declining for the past 32 months, remaining under the normal 6-month supply. That means there’s not enough homes for all the buyers. That’s a good thing for you if you’ve built up equity in your home. But this situation may not last long. The average number of years that homeowners stayed in their homes has been around 9-10 years since 2011. This was due to the previous negative equity that kept many homeowners from selling. Now as values are rising, more will be enticed to sell.

3. The Process Will Be Quicker

The competition among buyers has forced them to do what they can to stand out from the market, which includes getting pre-approved for their financing. This speeds up the selling process and makes it simpler, as buyers will be more likely to know how much they can spend.

4. Time to Move Up

If you plan on moving into a more premium or luxury home, now is the ideal time. Higher priced homes are actually selling for less due to a higher inventory at this price range. So if you’re selling a starter home, your home will sell more quickly and you’ll be more likely to find a premium home.Don’t wait to let the best time for the year slip by to sell your home in Albuquerque. Sell now while the time is ripe. Sandi Pressley and her expert team can help you sell your home in record time and find the home of your dreams in Albuquerque. Find out what your home is worth now with our free instant Market Valuation. And make sure to follow us on Facebook for the latest Albuquerque real estate news.

HOT HOME LISTING OF THE WEEK!

5243 Foothills Trail NE, Albuquerque, NM  $798,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3156 Square Feet

Gated community of the Wilderness! Casual elegance abounds in this Scott Patrick Gold Package custom home. Tons of features include Oversized great room w/stacked stone fireplace, wall of windows! Gourmet kitchen has custom island, pantry, gas cooktop, custom cabinetry, Sub Zero fridge, Wolfe double oven. Private Master Suite on its own wing! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Remodeling Your Home in Albuquerque to Get the Most ROI

by Sandi Pressley

If you plan on selling your home in Albuquerque, one important question to ask is if your home is up to date or needs repairs.  A dated or worn down appearance can take away from the resale value.  However, the balance is that you want to avoid spending tons of money that won’t be recouped in the sale.  How do you decide what repairs or improvements are worth the investment? I f you come to the conclusion that your home needs improvements, then you need to pin down which ones will yield the highest returns.

Don’t fool yourself into thinking every improvement will increase the value of your home. Many projects will simply preserve the value, while others will help increase it.  So if you do those projects, the value won't be as adversely affected when you sell your home.

So to get down to it, what are the projects that get the highest ROI?

Outside Projects

Think about curb appeal. First impressions are lasting impressions as they say.  Basically any project that boosts curb appeal is worth the investment. Outside projects that can recoup the most money are garage door replacements, replacing a steel door entry, adding a wood deck, and siding and facade projects. Even if you just focus on the siding, it can improve the value of your home with minimal investment.

Kitchens and Baths

Potential buyers can spend the most time inspecting a kitchen and we all know why.  Many lives center around the kitchen and rely on its appliances. If your kitchen has the old yellow fridge and oven, they need to go. And don’t forget about the bathrooms.   They send a powerful message about your home, so you can expect a high ROI on a bathroom remodel.

The Little Things

Don’t have a lot of money to invest in a major remodel?  No problem. Focusing on the little things can also have a big impact on the resale value of your home. You can give your home a fresh coat of paint, trim trees and bushes, plant new bushes and landscaping. De-cluttering and cleaning your home only costs time. If you have an unfinished basement, you can put gray epoxy on the floor and paint the walls white. Never underestimate the power of improving the little things.

Every home is different, and so is every Albuquerque neighborhood. If you're not sure what improvements would be best to sell your home in Albuquerque, feel free to ask us. We know what sells a home in Albuquerque and what buyers are looking for.

HOT HOME LISTING OF THE WEEK!

5243 Foothills Trail NE, Albuquerque, NM  $798,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3156 Square Feet

Gated community of the Wilderness! Casual elegance abounds in this Scott Patrick Gold Package custom home. Tons of features include Oversized great room w/stacked stone fireplace, wall of windows! Gourmet kitchen has custom island, pantry, gas cooktop, custom cabinetry, Sub Zero fridge, Wolfe double oven. Private Master Suite on its own wing! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Buyer Traffic is Strong in New Mexico

by Sandi Pressley

Everyone knows that the best time to sell anything is when demand is high and supply is low.  The National Association of Realtors (NAR) just released two major reports showing that now continues to be an ideal to sell your home.

REALTORS® CONFIDENCE INDEX

Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” In May the index continued to show that demand for homes outpaced supply.

The map below illustrates buyer demand broken down by state (the darker your state, the stronger the demand is there). As you can in New Mexico, buyer traffic remains strong.

Takeaway: Demand for housing continues to be strong throughout 2017, but supply is struggling to keep up, and this trend is likely to continue into 2018.

If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers that are still out searching for your house.

HOT HOME LISTING OF THE WEEK!

10 Caminito Trail, Placitas   $395,000

3 Bedrooms/ 2 Bathrooms/ 2580 Square Feet

This amazing culdesac property features unobstructed views of the mountains and open floorplans with stunning raised ceilings.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Displaying blog entries 11-20 of 23

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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