Real Estate Information Archive

Just listed! Whether you're looking for your ideal first home in Albuquerque, or looking to upgrade to a more custom luxurious setting, we have the perfect home for you. Check out all that these fine homes have to offer, then give us a call for your exlusive showing.

Contact the Sandi Pressley Team today for your exclusive showing. You can also check out all of our listings on our Featured Listings page.

Impeccable, One of a kind custom Rutledge home. From the minute you walk thru the front door, you have realized excellence in craftsmanship and design. From the chef's kitchen, custom cabinetry, travertine tile, granite counters , Bosch appliances, incredible master suite, sunroom and a backyard experience to share with family and friend's, outdoor kitchen, hot tub, view deck with unobstructed views....inground gunite pool with new cover and retractor, and don't forget the wonderful outdoor kitchen, fire pit. Lets make new memories in your new home.

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3205 Schumacher Street NW, Albuquerque, NM 87120

Gorgeous Move-in Ready Townhouse! Seller has spent approximately 55K in improvements in the last two years! Refrigerated air & CFA furnace (2022); carpet (2021); blinds & several light fixtures; stainless steel refrigerator & dishwasher (2022); professional xeriscape landscaping, front & back, with 3 French drains, & auto sprinkler system for trees & shrubs; 12K in vinyl fencing (2022). Bright & thoughtful floorplan features a generous great room & three ample bedrooms. Primary suite boasts an adjacent study/office & ample walk-in closet. Large covered & beautifully tiled patio in backyard, plus an open deck with views of the Sandia Mountains. In a convenient location, close to commute, shopping and amenities. Don't miss this opportunity!

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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.

Just listed! These beautiful mid-priced Albuquerque homes are the ideal choice for those looking to expand their living space. These homes offer plenty of room for your family to grow for years to come. And at these prices, they're sure to sell fast, so make sure to schedule your showing today!

Contact the Sandi Pressley Team today for your exclusive showing. You can also check out all of our listings on our Featured Listings page.

VIEWS!! Pleasing, light-filled 5 years young DR Horton, Rose model with a 3 car garage. This spacious home has soaring ceilings, east facing windows to enjoy views of the Sandia Mountains. Open concept floorplan, kitchen, dining, and great room flowing together. Home offers 4 bedrooms, plus an office/craft room/flex space. Kitchen showcases stacked cabinets, pantry, island, room for dining, and ample counter space. Stainless appliances stay! Primary suite is on main floor with a spa like bathroom and attached laundry room. 2nd level welcomes you with a LOFT/2nd living space. 3 more bedrooms, one being a second Primary with private bathroom. Enjoy alfresco dining on the covered patio while gazing out to the Sandi Mountains.

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837 Deming Meadows Drive NE, Rio Rancho, NM 87144

One Owner Gem in Northern Meadows, on an oversized lot lined with Pines, fruit trees, lilac bushes, raised garden beds and blackberry bushes, firepit and a covered patio. Home features 4 bedrooms, 3 baths and a loft. Primary suite is split from other bedrooms. New carpet! Roof replaced 7/2023. Light filled kitchen, with ample counter space, cabinets, pantry, all appliances stay, breakfast nook opens to the Family room with a fireplace. Spacious laundry rm /w cabinets, washer/dry stay! 3 car garage, Move in ready home and a must see! Located in a neighborhood with sidewalks, and parks.

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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.

Our lives are constantly evolving, and what once may have been the perfect home in Albuquerque for you and your family may no longer suit your needs. If you find yourself questioning whether it's time to downsize, this article will explore 6 signs that may indicate it's the right decision for you. From financial considerations to lifestyle changes, these signs will help you evaluate whether downsizing your Albuquerque home is the next step.

1. Overwhelming Maintenance

One of the most common reasons people choose to downsize their homes is the overwhelming maintenance that comes with owning a larger property. As homes age, they require regular upkeep and repairs, which can become physically and financially burdensome. If you find yourself struggling to keep up with the chores required to maintain your property, it may be a sign that it's time to downsize.

While every home requires maintenance, downsizing to a smaller property can significantly reduce the time, effort, and cost associated with keeping a home in good condition. By moving to a smaller space, you can focus on the tasks that matter most to you and enjoy a more manageable living environment.

2. Unused Space

Do you have rooms in your home that are rarely used or filled with items that collect dust? Unused space not only adds to the maintenance burden but also increases your expenses. Heating, cooling, and cleaning these areas can become a financial drain. Downsizing to a smaller home allows you to eliminate the need for unused space and focus on living in a more efficient and cost-effective manner.

By moving to a smaller property, you can optimize your living space and eliminate the unnecessary costs associated with maintaining unused rooms. This can lead to a more streamlined and clutter-free lifestyle.

3. Unsustainable Monthly Expenses

Large homes often come with higher monthly expenses, including mortgage payments, property taxes, and utility bills. If your housing expenses are becoming increasingly unsustainable or are taking up a significant portion of your monthly income, downsizing may be the solution.

A smaller home typically means lower mortgage payments, reduced maintenance costs, and more affordable utility bills. By downsizing, you can free up financial resources and create a more sustainable budget that aligns with your current income and lifestyle.

4. Infrequent Home Occupancy

If you often find yourself away from home due to work, travel, or other commitments, maintaining a large property can feel like a waste of resources. The costs associated with a larger home, such as mortgage interest, taxes, and utility bills, can add up even when you're not there to fully enjoy the space.

Consider whether downsizing or relocating to a more convenient location would better suit your lifestyle. By choosing a smaller home for sale in Albuquerque that better aligns with your occupancy patterns, you can optimize your living arrangements and reduce unnecessary expenses.

5. Unlocking Home Equity

For homeowners whose property values have steadily risen over the years, downsizing can be an opportunity to unlock their home equity and use it to fund other financial goals. Whether you're planning for retirement, looking to cross items off your bucket list, or simply want to invest in other ventures, downsizing can provide the financial boost you need.

Selling a larger home with substantial equity allows you to access the funds tied up in your property and put them to work in ways that align with your current priorities. This can provide you with more financial flexibility and open up new opportunities.

6. Aging in Place Concerns

As we age, our housing needs may change, and the demands of maintaining a larger home can become more challenging. Considerations such as accessibility, mobility, and safety become increasingly important. If your current home is not equipped to support your evolving needs, downsizing to a more accessible and manageable property may be the right move.

Downsizing can provide you with a home that is better suited for aging in place, with features like grab bars in bathrooms, single-level layouts, and wider doorways to accommodate wheelchairs or walkers. By proactively addressing your changing needs, you can ensure a comfortable and safe living environment.

Of course, there are other considerations when deciding if it's time to downsize your Albuquerque home, or to find a home better suited for your needs. Feel free to contact Sandi Pressley and her team to discuss your home buying options in Albuquerque.

HOT ALBUQUERQUE LISTING OF THE WEEK

2707 Desert Garden Lane SW, Albuquerque, NM 87105

Welcome home to this well-maintained Valley Farms charmer! Featuring 3 bedrooms and 2 baths, get ready to feel right at home. Two living areas make for comfortable living, especially when you enjoy the warmth of the wood stove. Eat-in kitchen is open and inviting, with patio doors to the oversized, walled backyard. Also accessible from the master bedroom, the backyard is an oasis amongst the trees and even includes an oversized shed with electrical. With the ease of city water and sewer, and convenient location, come see this one today!

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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

Moving into a new house in Albuquerque? Don't forget about the important tasks that need to be done before settling in. Aside from unpacking, there are a few more things to take care of. Here's a quick list of important tasks to take care of when you buy a new home in Albuquerque.

Change the Locks

Wanting new locks on the doors to your home is not a sign of paranoia, but rather a smart decision. It is difficult to determine how many people may have keys to your home, so it is advisable to take precautions. It is recommended to not only re-key the locks but also replace the hardware. This not only provides a nice update to your home, but also gives you peace of mind.

Don't forget to change your garage door opener code, too.

An In-Depth Home Tour

Yes, it is important to know the location of the water and gas shut-off valves, as well as the electrical box and water heater. Understanding how to use the sprinkler system is also crucial. Familiarizing yourself with these details and ensuring that other household members are aware can prevent potential disasters.

Seal off Rooms You Don't Use

This one may sound a bit odd. You just bought your new home, so why would you seal off any rooms? If you can, it may be a way to save some money. In the first few months of living in a new home, there are various financial challenges to consider. Moving expenses, purchasing new furniture, potential renovations, and the costs associated with activating utilities can all add up quickly. To mitigate some of these expenses, it is advisable to seal off rooms that won't be in use for a while, as this can help reduce heating and cooling costs.

Meet the Neighbors

It is advisable to proactively reach out to your new neighbors before they have a chance to do so. This can potentially lead to forming new friendships, especially beneficial for your children. Being friendly and sociable from the beginning helps establish a positive rapport.

Additionally, having welcoming neighbors can aid in your adjustment to the neighborhood, as they can provide information on local news, recommend the best coffee shops, and guide you to the most convenient routes to the elementary school.

Clean Your Carpets

When sellers move out of a home, a thorough cleaning should have been done, as it may be stipulated in the contract. However, unless specific cleaning tasks are specified, the house may not be as clean as desired. Even if the house appears tidy, the sellers may have overlooked cleaning the carpets. A proper cleaning of the carpets can extend their lifespan, enhance air quality, and eliminate allergens.

"Little do most of us realize that what we are seeing is only a tiny fraction of the soil that a carpet contains," said the National Carpet Cleaners Association(NCCA). "The visible grime we notice is only the tip of the iceberg; up to 85 per cent of the dirt the carpet holds is buried deep within the pile. And when you consider that a carpet can eventually trap its own weight or more in soil - as much as 150 pounds for an average-sized living-room - you'll agree it's no trivial matter."

Wipe out Drawers and Cabinets

This task is often overlooked, but it can result in the presence of germs or crumbs.

Change Fire Alarm Batteries

The U.S. Fire Administration (USFA) advises changing fire alarm batteries twice a year. To ensure you're not caught off guard, it's recommended to change them when you move into a new place. This way, you can avoid being startled by a loud alarm in the middle of the night shortly after moving in.

HOT ALBUQUERQUE LISTING OF THE WEEK

Gorgeous, Restored, Nob Hill Adobe Home with top to bottom updates in 2020/2021! Some updates include TPO roof, stucco, windows, interior texture & paint, hardware & fixtures! Plus, remodeled designer kitchen features granite counters w/glass tile back splash, beautiful cabinets & hardware, SS appliances. Main living area includes original wood floors, a cozy fireplace & opens to dining, kitchen, & remodeled full bath. The spacious finished, heated & cooled basement is an ideal flex space that includes a full bathroom, utility/laundry room, & an electric fireplace, & surely to be a favorite gathering space. Enjoy the addition of a walk out deck, turf lawn, backyard side fences, & raised cinderblock walls out back.

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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 looking to expanding your living space or the perfect place to build your dream home, we have just what you're looking for! These outstanding Albuquerque properties have recently hit the market, so make sure you don't let these opportunities get away! 

Contact the Sandi Pressley Team today for your exclusive showing. You can also check out all of our listings on our Featured Listings page.

Gorgeous, Restored, Nob Hill Adobe Home with top to bottom updates in 2020/2021! Some updates include TPO roof, stucco, windows, interior texture & paint, hardware & fixtures! Plus, remodeled designer kitchen features granite counters w/glass tile back splash, beautiful cabinets & hardware, SS appliances. Main living area includes original wood floors, a cozy fireplace & opens to dining, kitchen, & remodeled full bath. The spacious finished, heated & cooled basement is an ideal flex space that includes a full bathroom, utility/laundry room, & an electric fireplace, & surely to be a favorite gathering space. Enjoy the addition of a walk out deck, turf lawn, backyard side fences, & raised cinderblock walls out back.

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6451 Isleta Boulevard SW, Albuquerque, NM 87105

Yours to own, part of the green belt of Valley Farms area. 2.17 acres of agricultural land with irrigation well and water rights. Build your dream home, farm the land. Horses allowed. This is a rare opportunity to have land available.

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6412 Kalgan Road NE, Rio Rancho, NM 87144

Welcome home to this incredible Kim Brooks beauty! Enter the foyer to see soaring ceilings and a fabulous floorplan (4th bedroom large enough to be used as a living area or bedroom). This beauty features a gas, diamond-plaster kiva fireplace, porcelain tile, wood-laminate floors, and incredible custom finishes including hand skip troweled walls and lighted niches. Gourmet kitchen includes gas range, SS appliances, and a long bar for all your seating needs! Enjoy the natural light pouring in through the skylights, and relax in the oversized master suite complete with en suite showcasing a separate garden tub, dual copper sinks, and tons of closet space. Outdoor space is an oasis on a 1/2 acre complete with mountain views, RV front-to-back drive, gas stub-out, desert landscaping & MORE

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

If you’re a first-time homebuyer in Albuquerque, you’re no doubt already aware that buying a home involves more than just a mortgage payment. There are other costs included in the process of buying a home. It's important to be aware of those costs in advance so that you can make the best decisions during the process. 

Here's a helpful overview of what costs to expect when buying a home in Albuquerque.

1. Closing Costs

Closing on a mortgage is the last step in the process, often overlooked by homebuyers in terms of cost. At this stage, the loan is approved, the inspection is completed, and you are on the verge of receiving the keys to your new home.

When you complete your purchase, you will have a closing meeting where you will sign all the necessary paperwork and make payments for various costs.

The costs associated with purchasing a home encompass various elements. These include mortgage interest payments, taxes and insurance escrow payments, legal fees, lender application fees, recording fees, and title insurance.

Closing costs can average between 3-4% of the price of the home.

2. Property Taxes

When you own a home in Albuquerque, you pay property taxes. The bank doesn’t determine these. Instead, the county of Bernalillo does.

The county of Bernalillo's average effective property tax rate is 1.18% of the assessed value of your home. So for a home that costs $205,500, you would pay $2,419 per year.

3. HOA or Condo Fees

Homeowners in homeowners' associations or condo associations are required to pay a monthly or quarterly fee. This fee is used to cover various neighborhood services, including garbage collection.

The fees of an HOA can fluctuate due to potential increases or assessments for large projects, resulting in unpredictable costs.

4. Insurance

Homeowners insurance is a requirement for obtaining a mortgage loan. Typically, the premiums are already included in your monthly mortgage payment and are paid from your escrow account. This is similar to how property taxes are handled in many cases.

Premiums for homeowners insurance can increase each year, and it's important to note that standard policies usually often do not provide coverage for acts of God. Therefore, it is advisable to obtain additional insurance specifically for natural disasters.

5. Utilities

The cost of your utilities can be as much as your property taxes. In Albuquerque, the average monthly electric bill for residential customers is $144/month.

6. Appliances

When purchasing new construction or some used homes, it is important to note that appliances may not be included. This means that you will need to budget and plan accordingly to purchase these necessary items for your home.

When purchasing a new home, it is important to consider the appliances that may need to be purchased. While the seller may leave behind the dishwasher, refrigerator, stove, and possibly the microwave, it is not guaranteed. Therefore, it is advisable to budget for the purchase of a washer and dryer at the very least.

7. Landscaping

Managing your landscaping requires both time and investment in lawn equipment. However, there will inevitably be tasks that you cannot handle alone, such as removing hanging tree limbs or dead trees.

Hiring a professional for regular lawn care services transitions the expense from an occasional occurrence to a recurring monthly cost.

8. Maintenance

When you own a home, you take on the responsibility of all the maintenance tasks, which is a significant change from being a renter.

From the plumbing to the electrical wiring, a home is filled with numerous systems that require regular maintenance, occasional repairs, and, in some cases, replacement.

When purchasing an older house, it is important to consider the potential increase in maintenance costs compared to new construction. This includes maintaining the electrical system, HVAC system, roof, and plumbing.

All things considered, buying your first home in Albuquerque is the best decision you can make for your future. Making sure you have all the costs involved lined up will help make your dream a reality.

HOT ALBUQUERQUE LISTING OF THE WEEK

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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

It’s National Home Buyer’s Month and today we’re going to look at the top features buyers are looking for in a home right now. As homeowners look to update or improve their homes, possible for a sale down the road, it’s important to not only look at your current needs, but what will be a selling point to home buyers. It’s what will ‘add value’ to your home at the sale. Below are the Top 10 Features most wanted today:

1. Laundry Room- 87% of today’s buyers put this at the top of their list. Even if you have a small space, a fresh coat of paint, shelves & a hanging unit, along with a folding table can create a lovely area.
2. Exterior Lighting- Maximizing our outdoor living space is a natural extension of our overall square footage, and a beautiful way to incorporate our stunning outdoor landscape. The use of great exterior lighting not only beautifies the area but gives way to greater hours being spent outdoors. PLUS, what a way to accent the area for buyers!!
3. Energy-Star Windows- More and more home buyers are putting the focus on energy savings. Investing in Energy efficient windows is one of the best returns on your investment you can make. Whether YOU plan to live in the home for years to come, or you’re looking to sell, this is a GREAT investment.
4. Patio- Whether you have a small or large yard, home buyers look for a yard with a patio and this is one investment that will not only pay off, but does add that outdoor living space to your home as well. This doesn’t just need to be a cement patio either…have some fun!  Patio’s today come in all shapes, sizes, and elements. They can become a true work of art in your yard.
5. Walk-in Pantry- I don’t know about you, but I think this is every homeowner’s and buyers’ dream. An organized pantry for food, oversized countertop appliances, stock-up food purchases, wine fridge and more. The time it saves each and every day from looking for items to putting things away is worth it on its own. Personally, I’d put this at the top of my list!
6. Side-by-Side Kitchen Sink- Are you surprised? Most people are ready for that statement to say Farmhouse kitchen sink, however, most buyers are looking for side by side’s as they feel they are far more functional.
7. Energy Star Appliances- This really goes without saying. As we are all conscience about money saving, and the effect of our choices on the environment, we look for energy-saving appliances wherever and whenever possible. Upgrading these in your home is an excellent return on investment if you plan to convey the appliances with the sale of your home.
8. Full Bath on the main living area. Many floor plans include a half bath on the main floor/living area. Today’s home buyers are actually looking for a full bath on the main level, making it much easier and accessible for overnight guests.  If you are looking to update your home, considering a full bath on the main level could be a game changer when it comes time to sell. It would certainly separate your home from others on the market.
9. Hardwood Flooring- Not surprising at all. This has been, and remains, one of the highly-sought-after flooring elements in a home and a home buyer top 10 for a long time. One big tip- buyers like the real deal. Laminate and vinyl varieties won’t garner the same reaction that actual hardwood will. While they are more durable and lasting, actual hardwood is still the gold standard.

10.Full front porch! Who says the days of sitting on your front porch and chatting with the neighbors is in the past?!  Today’s home buyers are still yearning for the wonderful front porch nostalgia of yesteryear. Now we’re not talking about the ‘old-time’ façade, although we still love that era, todays front porch is functional, beautiful in design, and has stunning curb appeal. Plus, it gives you another natural extension of your living space and neighborhood entertainment area.

Excited to get started on your HOME BUYING journey? We’re excited to partner with you!  Call or email us today to get started.

HOT PROPERTY OF THE WEEK!

12 DUSTIN COURT, PLACITAS, NM

Magnificent VIEWS of the mountains & mesas!! Featuring an IN-LAW/GUEST SUITE! Lower-level walk-out game room/media room! Lots of natural light, wood beam ceilings, open plan, separate study/office. NEW HVAC (2021)! SILICONE ROOF RESTORATION (2022)! The living room features cozy Kiva fireplace & wall of windows with mountain views! Formal dining room & butler pantry. Beautiful kitchen has Southwest style cabinets, island, built-in oven, gas cooktop, breakfast bar & nook with banco. The primary suite features a sitting room/office, fireplace, sauna, tub, separate shower, huge walk-in closet & covered patio with views! Secondary bedrooms with Jack-N-Jill bath! 3 car garage. Paved driveway & cul-de-sac location. Natural landscape, 2 waterfalls, covered portals & private courtyard!

GET YOUR MORNING INSPIRATION WITH THE Sandi Pressley TEAM!

Location is the name of the game with these latest HOT properties from the Sandi Pressley Team! Whether you're looking for a truly uniques property or a home close to UNM, restaurants, shopping and more, these listings are the perfect match. 

Contact the Sandi Pressley Team today for your exclusive showing. You can also check out all of our listings on our Featured Listings page.

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2115 Lead Avenue SE, Albuquerque, NM 87106

Location, Location, Location! You don't want to miss this charmer close to UNM, restaurants, shopping and more. Beautifully maintained wood floors greet you in this light-filled beauty. Enjoy the open kitchen with lots of cabinet storage and gas cooktop. Home features 2 bedrooms plus a study and a freshly renovated bathroom. This oversized lot gives you tons of options and includes both a water feature and garage. Stucco done in 2011 and all pipes and sewer line replaced in 2015. Come see today!

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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.

When obtaining a home loan in Albuquerque, selecting a lender is the first step. A lender can refer to all parties involved in the loan process from the borrower's perspective, but in actuality, they do not handle all aspects.

Mortgage servicers may take over the loan after closing and handle day-to-day administration until it is paid off. Mortgage lenders can be a group of investors or a financial institution that provides funds to borrowers for purchasing or refinancing homes.

Some lenders service their loans, but most are too small to make a profit doing so, which is where a loan servicing company becomes part of the situation.

The Role of a Mortgage Lender

Mortgage lenders are responsible for the origination of loans. This process involves working with homeowners to select a loan, taking their application, and processing the loan. Additionally, the origination process includes underwriting the loan, creating the necessary documents, funding the mortgage, and ultimately closing it.

After your loan closes, the administration is needed on an ongoing basis until it’s paid off. This administration is known as servicing.

When you obtain a mortgage, the lender may transfer it to another company for loan servicing. This transfer may occur without prior notification, but the loan documents should indicate whether it will occur.

What Is a Mortgage Servicer?

Mortgage servicers are responsible for taking over tasks that lenders may leave unfinished. As a borrower, it is important to note that the servicing of a loan includes payment processing, which means that you are paying the servicer directly. Additionally, mortgage servicing involves keeping track of loan balances and interest payments. It is worth noting that your servicer will provide you with tax forms that show how much interest you have paid each year.

The servicer is responsible for managing your escrow accounts, which includes collecting and paying your homeowners' insurance and property taxes. In the event of a loan default, the servicer initiates the foreclosure process.

Additionally, servicers can provide loss mitigation services to help borrowers avoid foreclosure. If you wish to cancel your mortgage insurance and have a loan servicer, you must go through them to make the request.

Mortgage servicers can report the payment history on loans to credit bureaus, so if you think there’s been an error, you will contact this company rather than your lender.

Finding the Servicer on Your Mortgage

It's common to have multiple servicers throughout the life of a home loan. To find out who your servicer is, check your mortgage statement or contact your original lender. Another option is to use the Mortgage Electronic Registration System (MERS), which allows you to search for your loan online using your property address, name, or Social Security number.

When a mortgage is transferred to a servicer, the terms of the loan remain the same. The only difference is that you may receive a new account number and your payments will be sent to a different entity than your original lender.

When it comes to mortgages, your servicer can greatly impact your experience as a borrower. A good servicer will have reliable customer service and be easily accessible for any questions or concerns you may have. Unfortunately, you don't have the option to choose your servicer or switch to a different one. Your only option is to file a complaint with the Consumer Financial Protection Bureau or work with a lender that services its own loans if you're unhappy with your servicer.

Finally, when applying for a mortgage, lenders must provide a Mortgage Servicing Disclosure Statement. This statement informs you whether the lender plans to service the loan themselves or transfer it. It is a legal requirement for lenders to provide this information.

HOT ALBUQUERQUE LISTING OF THE WEEK

Learn More!

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 looking to increase your Albuquerque property value and appetite of potential buyers, investing in a quality kitchen design is the perfect way to do so. It's important to spend money on what appeals to the majority - doing so can truly make all the difference in transforming a house into a home.

Investing in high-quality, symmetrical cabinetry can greatly enhance the value of a home. Thoughtful color selection and layout are also key factors to look for when selecting kitchen cabinets. Attention to these four elements will ensure buyers appreciate the appeal of your property.

1. Quality

Do: Choose quality hinges and runners, including soft-close drawers, and custom-made cabinetry.

Don't: Go for large fillers and ill-fitted modular cabinetry.

Creating a modern kitchen design without breaking the bank can be achieved by minimizing the number of cabinets throughout. An open layout featuring ample natural light lets you maximize on both style and cost savings for your kitchen remodel. Keep your cabinet count to a minimum when designing your dream space and stay within budget.

Note: When renovating your home for resale, it's important to consider the cost and value of each addition. While internal organizers can be a great addition to your kitchen for personal use, they may not be the best investment if you're solely focused on increasing your property's value. The cost of these accessories can add up quickly, and you may not see a return on your investment when it's time to sell. Keep this in mind when making renovation decisions.

2. Symmetry

When renovating your kitchen to sell, it's important to keep in mind that simplicity is key. The eye is naturally drawn to appreciate symmetry and repetition, so it's best to keep your cabinetry simple and appealing. Elegance has a way of being understated, and this will appeal to the majority of buyers.

Do: Keep the wall cabinetry sizes the same where possible. Drawers look nice when they are large and expansive - if you have multiple sets, keep them the same size, with the same proportion of drawers.

Don't: Add multiple cabinets in varying sizes. Try to keep the look and feel consistent in the whole space.

3. Light, Bright Spaces

When it comes to buying a home in Albuquerque, many buyers are looking for an open and airy space. A white kitchen is a popular choice because it creates the illusion of a larger space. Additionally, white is a universally appealing color that allows buyers to easily reimagine the space to fit their own personal style.

Do: To create an open and bright space, opt for white cabinetry and a darker bench top for contrast. Keep backsplashes neutral and introduce texture instead of color. A neutral and elegant space will attract more potential buyers.

Don't: Darker cabinetry can make the space feel closed, which may not be desirable for potential buyers. While a strong color may suit personal taste, it may not be appealing to everyone. To attract more potential buyers, white cabinetry is the most popular choice, even though it may not be the most daring option.

4. An Open Layout

Designing your kitchen to have a sensible and open layout is pivotal to increasing property value when you're renovating to sell. 

Do: Have a large open-plan space with a kitchen island if possible. Buyers often want to multitask in the kitchen. They want to cook, have their kids do their homework and socialize in it.

Don't: Place your kitchen in a small and poky room. The kitchen is now often the hub of the house, and buyers want to see a kitchen that is interactive and sociable.

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