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How Much Do You Need To Make To Buy A Home In New Mexico

by Sandi Pressley

When it comes to buying a home in Albuquerque, the biggest factor in whether or not it’s possible boils down to income.  And of course, depending on where you live, income and cost of living can vary drastically.  A new study by GOBankingRates endeavored to reveal what the minimum salary would be needed to buy a medium priced home in each state.

The great news is that New Mexico, and by extension Albuquerque, came out as one of the most affordable states to buy a home. GOBankingRates arrived at this conclusion based on the average mortgage payment for each state along with the average APR on a 30-year fixed-rate mortgage.  They then assumed that no more than 30% of monthly income would be spent on housing.  For New Mexico, that figure came out to only $40,960!

Other neighboring states turned out to be quite a bit higher.  You would need to make $55,680 a year to own a home in Nevada. Arizona is higher as well with $50,880.  If you bought a home in Colorado, you would need to make at least $73,600. So it really goes to show that if you plan on buying a house in the Southwest, your dollar goes farther in Albuquerque.

GoBankingRates has this advice,

“Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment. To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income.”

Historically, Americans have spent 21% of their income to own a medium priced home.  Today that figure is down to 15%! This all demonstrates that now is a great time to own a home in Albuquerque.

If you're looking to buy a home in the Albuquerque area, feel free to contact us to help you find the right home for your budget and income. You can also search for your dream home now using our convenient home search tool. And make sure to follow us on Facebook for the latest real estate updates for Albuquerque and the surrounding areas.

HOT HOME LISTING OF THE WEEK!

15 Calle Cobre, Placitas, NM  $498,000

5 Bedrooms/ 3 Bathrooms (3 full, 0 partial) / 3200 Square Feet

Exquisite Placitas property nestled on 2.25 AC w/stunning views. Custom home offers functional open floorplan w/radiant heat, soaring ceiling w/viga& latillas, kiva FP, nichos&surround sound thru-out main floor. Back yard offers large deck w/breathtaking views-Perfect for entertaining. 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

The Best Mexican Cuisine is in Albuquerque

by Sandi Pressley

The Best Mexican Cuisine is in Albuquerque

There’s one thing you should expect to find in a Southwest city like Albuquerque – amazing Mexican cuisine. Not only will you find some of the best Mexican dishes anywhere, but the best flavors the Southwest has to offer as well.  The epicenter of the explosion of flavors in Albuquerque’s restaurant scene is definitely the many great Mexican restaurants to be found here – over 200 of them to be discovered. 

To get you started on your journey through Mexico’s finest flavors, here’s the top 4 places to enjoy Mexican and Southwest cuisine in Albuquerque.

Padilla's Mexican Kitchen

A staple for Mexican cuisine lovers in Albuquerque for decades, Padilla’s authentic Mexican dishes are certain to please any pallet.  It may always be busy, but the service is fast and friendly.  All dishes are home made, including their mouth watering tacos, enchiladas, tamales, and fresh made Sopailla’s.

The Range Cafe

If not everyone in your party is in the mood for Mexican food, then The Range Café is the perfect solution.  Their motto is “ordinary food done extraordinarily well,” and that motto has been demonstrated since 1992 with an outstanding menu selection from both sides of the border.

Monroe's Restaurant

Another great restaurant in Albuquerque for those who like both Mexican and American dishes, Monroe’s even offers dishes for those watching their carbs and gluten intake.  They also offer a great selection of beverages including the unique agave wine margarita. Also make sure to try their famous chile.

Cocina Azul

Family owned since 2009, Cocina Azul has become of the best new Mexican restaurants and catering businesses in Albuquerque. Created from scratch, their recipes have been handed down through the generations.  Owner Frank Barela, Sr. has recreated all of the dishes he learned to cook as a child in his family kitchen.  You also delight in their award winning chile made only from green chile grown in Hatch, New Mexico.

Join us twice a week on our blog for more great reasons to buy a home in Albuquerque and the surrounding area. And follow us on Facebook for the latest Albuquerque real estate updates.

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

What is Private Mortgage Insurance?

by Sandi Pressley

If you’re getting ready to buy a home in Albuquerque, you need to know as much as you can.  If you’re looking for a mortgage that lets you put down less than 20%, you’ll notice a lot of programs out there that lets buyers purchase homes with less than 20% down. But do you know about Private Mortgage Insurance? Not everyone knows about this insurance policy called Private Mortgage Insurance (PMI). What exactly is this policy and how can it protect you when buying a home in Albuquerque?

Freddie Mac defines PMI as:

“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.

Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”

As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that:

“The cost of PMI varies based on your loan-to-value ratio – the amount you owe on your mortgage compared to its value – and credit score, but you can expect to pay between $30 and $70 per month for every $100,000 borrowed.” 

According to the National Association of Realtors (NAR), the average down payment last for all home buyers across the nation was 10% and 5% for first time buyers. The average for repeat buyers was 14%. That means that Private Mortgage Insurance didn't stop many home buyers from buying homes.

Here’s an example of the cost of a mortgage on a $200,000 home with a 5% down payment & PMI, compared to a 20% down payment without PMI:

What is Private Mortgage Insurance?

The larger the down payment, the lower your monthly housing cost will be, but Freddie Mac has this advice:

“It’s no doubt an added cost, but it’s enabling you to buy now and begin building equity versus waiting 5 to 10 years to build enough savings for a 20% down payment.”

If you're looking to buy a home in the Albuquerque area and have questions about buying now or saving for a larger down payment, feel free to contact us to help you decide what works best for your situation. You can also search for your dream home now using our convenient home search tool. And make sure to follow us on Facebook for the latest real estate updates for Albuquerque and the surrounding areas.

HOT HOME LISTING OF THE WEEK!

8520 Hawk Eye Road NW, Albuquerque, NM  $260,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3486 Square Feet

Incredible back yard perfect for entertaining family & friends, with Outdoor kitchen, built in grill, tile bar, flagstone open & covered patios, pergola, hot tub, fire pit, garden area, trees, and shrubs! Exceptional home with many custom upgrades including stacked stone accents, light fixtures, wrought iron stairway! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Stage Your Home to Sell

by Sandi Pressley

Selling your home in Albuquerque can be a challenge. Many home sellers decide to hire a pro to help them stage their home to attract more buyers.  But if you don’t want to spend that extra money, there’s certainly some helpful tips from the pros that you can do on your own to help your home sell more quickly and maybe even get more money in the sale. Here’s a few tips that can help.

De-Clutter

Having a spotless home - it may seem like a simple concept. But it is so essential to make sure that your home is free from clutter.  Don’t just get rid of daily clutter. Get rid of items you haven’t used in years.  This serves both the purpose of making your home clean, but it will also help the moving process once your home is sold. Your home has to be cleaner than it’s ever been, so make sure you clean with prejudice.  And if you can’t bear to throw certain things away, think about storing them in an outside storage unit (not in the garage or shed as they need to see those clean as well).

Curb Appeal

What do buyers see first when they look at your home? Of course it’s the outside. They say you can’t judge a book by its cover, but when it comes to real estate, that’s not always true. Many times, the outside reflects the inside. Some buyers will just drive on by if the outside looks bad.  So make sure the yard is clean and maintained.  Add a fresh coat of paint to the siding and trim.  Gleaming hardware and a few potted plants also help. Power wash the walkways and driveway. Also think about investing in new roofing if it’s showing its age.

Do a Walk-Through

Try to see your home with new eyes by doing a walk-through from the buyer’s perspective.  You can see not only what needs cleaning, but things that need to be changed. What could be removed to make the room look bigger? Could you change a solid door with a French door to let in more light? Do the kitchen cabinets need new hardware? Even simple changes can make a huge difference.

Other things you can look at in your home are making sure your foyer is clean and clutter free, making the rooms more generic and versatile, find ways to let in more light, cleaning the fridge and organize the cupboards.

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

The Perfect Pizza Is Waiting in Albuquerque

by Sandi Pressley

If there’s one thing among many that people love about Albuquerque is all the great flavors to be found here.  Usually you think of Southwest or Mexican dishes when you think of New Mexico. But what about pizza? The fact is that Albuquerque has over 100 places to get a delicious pie, along with other Italian dishes and brews.  So get ready for an unforgettable pizza night in Albuquerque! Here’s the top 4 places to get pizza to start you off on your journey to flavorville.

Golden Crown Bakery

If you want more than just great pizza, Golden Crown combines a bakery to offer sandwiches and other baked goods. Being primarily a bakery means that your pizza crust is sure to be amazing, and the reviews prove it. Over the years, Goldne Crown has been featured in magazines such as Gourmet, Condé Naste Traveller, Budget Travel, Alibi, USA Western, IQ, Guia Azul, and Su Casa. They also feature espresso drinks and a variety of brews.

Saggio's

Family owned and operated, Saggio’s prides themselves on their upbeat nostalgic atmosphere that appeals to young and old, along with gourmet pizzas, calzones, sandwiches, salads, pastas and desserts. They also offer a great selection of beer and wine. Your dollar also goes farther at Saggio’s with their huge portions. It’s the perfect place for a large family pizza night.

Farina

Named the #17 Best Pizza Joint in the Nation by TimeOut Magazine, Farina offers a more trendy and hip environment for your next pizza outing. You’ll keep coming back for their artisan pizzas, house-made pastas, and fresh salads. Local art from some of Albuquerque’s best artists adds to the atmosphere. They also stay committed to using only fresh locally sourced ingredients as much as possible.

Old Town Pizza Parlor

Located in old town Albuquerque, the name certainly applies, as they’ve been an Albuquerque fixture since the late 1930’s. Today’s Old Town Pizza is a melding of traditions and a modern vibe, offering the perfect setting for your next pizza night.

Join us twice a week on our blog for more great reasons to buy a home in Albuquerque and the surrounding area. And follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

10465 Chandler Drive NW, Albuquerque, NM  $260,000

3 Bedrooms/ 4 Bathrooms (2 full, 2 partial) / 2200 Square Feet

Pride of Ownership shows thru-out in this meticulously cared for beautifully kept home. 3 bedroom home features 2 master bedrooms each with a full bath. Beautiful backyard with backyard access and rv pad.

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

What to Look For When Buying a Home

by Sandi Pressley

You’re buying your first home in Albuquerque and the excitement abounds.  But you have to be careful that all the excitement doesn’t cloud your vision.  It’s easy to see the exterior of a home and how much you like (or dislike it).  But you need to see the inside as well.  How was it maintained? What issues will come up when you buy the home? If you know these things in advance, you can save on expensive repairs in the future.

This is even more important as a first time buyer. First time buyers usually don’t have the experience to know what warning signs to look for in a home.  Hiring a home inspector will definitely help in this regard.  Here’s a list of warning signs to look for.

Foundation  

  • Look for cracks in the driveway, walls and sidewalks                                                                  
  • Are the floors, windows and doorways crooked or not level?                                                        
  • Are there large trees with roots near the foundation?
  • Do the inside doors jam or have gaps on the top of them?

Electrical

  • Are there any exposed wires?
  • Do the lights flicker?
  • Are outlets warm to the touch?
  • Are there any visible signs of electrical tape?
  • Look for flash burns near socket covers.

Roof

  • Look for missing or cracked shingles and significant wear and tear.
  • Are there mismatched materials or curled or warped shingles?

Plumbing

  • Do the faucets leak?
  • Are there water stains under the sinks or around toilet or tub
  • Check how the bath and sinks drain.
  • Do you smell foul odors near sinks?
  • Check the water pressure in sinks and bath.

Mold

  • Do you see any water stains on walls?
  • Is any mold visible?
  • Is there a musty smell?
  • Check for rotted wood around doors and windows.
  • Is the paint peeling?

Insects or Pests

  • Are there signs of termites and carpenter ants?
  • Are there ways for rodents to enter the house?
  • Is any exposed interior wood damaged?

Poor Workmanship

  • Do repairs look professional?
  • Do renovations look armature?
  • Are any tasks uncompleted?

Checking these items can go a long way to making sure you pay the right price for your first home and know more fully what you’re buying. Check back on our blog twice a week for more real estate advice and for local Albuquerque topics. 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!

8520 Hawk Eye Road NW, Albuquerque, NM  $260,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3486 Square Feet

Incredible back yard perfect for entertaining family & friends, with Outdoor kitchen, built in grill, tile bar, flagstone open & covered patios, pergola, hot tub, fire pit, garden area, trees, and shrubs! Exceptional home with many custom upgrades including stacked stone accents, light fixtures, wrought iron stairway! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Celebrate Easter in Albuquerque With Sunday Brunch

by Sandi Pressley

Easter Brunch Specials in Albuquerque

Easter is coming up soon, so that means it time to think about how to spend the day on Sunday, April 1.  Why not start out the special day with a delicious brunch? The flavors of the Southwest are a great way to start a Sunday, even if you don’t celebrate the holiday. And many restaurants in Albuquerque are offering brunch specials for the holiday.  Here’s a few of the many great deals you’ll find for Easter Sunday brunch in Albuquerque. Make sure to make reservations as soon as possible as tables can fill up fast.

Council Room

Come to the Sandia Resort and Casino in Albuquerque for brunch favorites like French toast BLAST, pan-seared chicken breast, green chile meatloaf sandwich, grilled ham steak, salmon fillet, and prime rib au jus. You’ll start out the special brunch with garlic shrimp skewers, short ribs street tacos, and duck confit.

El Pinto

If local flavors are your idea of a great Sunday brunch, then El Pinto has a great brunch lined up for you. The brunch menu features Eggs Benedict with eggs and pork loin on a green chile biscuit with a red hollandaise sauce.  Or enjoy green chile cheese biscuits smothered in green chile white gravy with a side of chorizo.

Hotel Andaluz

In addition to a delicious brunch featuring pastries and muffins, fresh fruit, a paella station, steak and eggs, huevos Benedictos, crab, a crepe station, and goat cheesecake, you can have fun with an egg hunt and music from a New Mexico Marimba Band.

Pueblo Harvest Cafe

For you late risers, Pueblo Harvest Café is serving an all-day breakfast that includes scrambled eggs and bacon or sausage, along with entrees such as Pepper boneless short ribs, cod filets, slow-roasted pork loin, or carne adovada, along with a carving station with glazed ham, roast beef and assorted mustards and chutneys.

These are just a few of the many great ways you can spend Easter Sunday in Albuquerque.  Here’s a list of other restaurants offering Sunday brunch specials. Be sure to check back on our blog every week for more great reasons to buy a home in Albuquerque. And follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

5005 General Bradley Street NE, Albuquerque, NM  $309,000

4 Bedrooms/ 2 Bathrooms (1 full, 1 partial) / 2400 Square Feet

Fantastic NE Heights Location! Exceptionally well cared for home with great curb appeal, back yard pool, and views of the Sandias. Formal living room and a cozy Den that includes a wood burning stove insert, large eat-in kitchen includes NEW Stainless Steel appliances, plus a separate formal dining for those special occasions. Lots of built in storage throughout. 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

11 Steps to Buying Your First Home in Albuquerque

by Sandi Pressley

Are you ready to buy your first home in Albuquerque? Obviously, buying a home for the first time is a major life decision.  You will be investing a large amount of money and time in this adventure.  Do you know all the steps involved in the home buying process? It's important to know the steps along the journey and what tools are available.  You also need to forge relationships with experts in Albuquerque who can help you along the way.

Here are the 11 steps to living the dream of owning your first home.

  1. Do Your Homework
    Any large purchase requires planning, and that is particularly true with buying a home in Albuquerque. Factors such as price, housing type, neighborhood, school districts, and more need to be considered. Here's a worksheet that can help you pin down what you're really looking for. Fill it out with your partner (if you're not single) and your agent.  That way everyone is one the same page - literally.

  2. Start Shopping For Homes in Albuquerque
    Now that you know what you're looking for, start looking for listings online.  Here's a great tool for finding the ideal home in Albuquerque and surrounding communities.

  3. Find a Great Agent
    We're ready to help you find the perfect first home and help you through the process.

  4. Choose a Lender
    After you find the right agent, we can help you find the right mortgage lender. This is an important step as your lender will be working closely with you throughout the process.

  5. Pick a Loan
    Your lender will work with you to determine the right mortgage to fit your financial needs.  You'll need to provide proof of income, employment, and other details.

  6. Look at Homes
    Now comes the fun part! Your agent will help you find homes in in Albuquerque and the surrounding areas in New Mexico that fit your budget and the needs you determined in step 1.

  7. Make an Offer
    When you find the ideal home, then you make the offer.  Your agent will help you decide how much you want to pay, along with contingencies that both parties can agree on.

  8. Negotiate, Negotiate, Negotiate
    Now comes the time where you work out the deal for your new home in in Albuquerque.  It can be an emotional time, especially if you really want the house. Some sellers may just accept your offer, but some may make a counter-offer.  Your agent will work with you to decide what to do.

  9. Inspect the Home
    When an offer is accepted, then you'll sign a contract that will no doubt include a home inspection contingency.  At this point you'll hire a licensed home inspector to look for needed repairs. If major repairs are needed, then the seller will be asked to make those repairs.

  10. Appraisal
    Your lender needs to determine if the home is worth enough to cover the mortgage.

  11. Close the Deal
    The home is close to being yours! You just need to sign the final paperwork to finish the deal.  Then it's time to show off your new home to all your family and friends!

The Sandi Pressley Team has been helping people buy their first home in in Albuquerque for years. They can help you through all of these steps to guide you to owning your first home in in Albuquerque. You can call them at 505-980-2999. Your first home is only a few steps away!

Don't forget to follow us on Facebook!

HOT HOME LISTING OF THE WEEK!

210 Tornasol Lane NE, Albuquerque, NM  $450,000

3 Bedrooms/ 2 Bathrooms (2 full, 0 partial) / 2573 Square Feet

The charms of North Valley country living only with a NE address! Impeccably maintained, one owner, custom built,TRUE Southwestern adobe home on 1/2 acre with RV parking! Escape to the beautiful backyard with raised bed garden with plum trees, shade trees, roses, solar wall and fire pit.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

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Photo of The Sandi Pressley Team Real Estate
The Sandi Pressley Team
Coldwell Banker Legacy
10400 Academy Rd. NE Suite 100
Albuquerque NM 87111
505-980-2999
505-263-2173 / 505 293-3700
Fax: 505-212-0729

Quick links to this site are also SandiSells.net or SandiSellsHomes.com