Real Estate Information Archive

Moving to or from Albuquerque, or anywhere, can be expensive. But there are ways to make it more affordable. This blog post will give you tips on how to move smarter and save money during the relocation process. From packing supplies and organizing your belongings, to finding the best moving companies and storage options, these tips will help you make your move as smooth and affordable as possible.

When it comes to moving, being smart and savvy about your expenses can make all the difference. To save money and reduce stress, it's important to plan ahead and look for ways to streamline the process.

Here are a few tips to help you move smarter and save money:

Set a Moving Budget

Moving can be expensive, but when done correctly, it doesn't need to break the bank. With the right budgeting and planning, you can make relocation affordable and still move smart.

Before you start packing, take some time to plan out your budget and make sure you have enough money to cover the expenses that come with moving.

Start by creating a budget that includes expenses like rental trucks, packing supplies, and movers. Estimate how much you'll need to cover the cost of fuel and lodging on the way to your new home. If you have the time, try to look for money-saving opportunities like borrowing packing supplies from friends and family, or renting a truck for a cheaper rate.

As you plan, remember to factor in the cost of moving insurance, storage units, and any other services you may need. Once you've created a budget, you'll be able to make the most of your money, ensuring a smooth and efficient move.

Downsizing Before the Move

Moving can seem like a daunting and expensive experience, but it doesn't have to be. Downsizing before the move is an effective way to save money and make the process less stressful.

Start by sorting through your belongings and eliminating items you no longer need or use. This can be done through donations, consignment, or even a yard sale. By getting rid of unnecessary items, you will be able to reduce the amount of furniture and boxes that need to be transported to your new home.

Additionally, you can save money on packing materials and moving costs. Finally, by downsizing before the move, you can save time, energy, and money on the entire relocation process. So, if you're looking to move smarter and save, downsizing is a great starting point.

DIY Strategies for Relocation Savings

Moving to a new home can be expensive and stressful, but there are plenty of DIY strategies to help keep costs down and make relocation more affordable. Start by scheduling a move during the off-season, when moving companies are less busy and more likely to offer discounts.

You can also save money by packing and unpacking your own boxes, and renting or borrowing a moving truck instead of hiring a professional moving company. When it comes to furniture, consider selling large pieces and buying smaller, more affordable replacements at your new home.

Finally, make sure to research any potential new neighborhoods to make sure you are getting the best deal on rent or a mortgage. With a little planning and research, you can move smarter and save money on your next relocation.

Tips for Finding Affordable Movers or Rental Trucks

Whether you are moving across Albuquerque or across the country, there are ways to save money and make your move more affordable. To start, it's important to plan ahead and compare prices between several different movers or rental truck companies.

One great way to save money is to look for discounts or special offers. You can also save money by packing your items yourself and using your own supplies. Additionally, packing and loading on a weekday can often result in lower rates than weekend rates.

Finally, it's important to research the company you choose and double-check their experience and customer reviews before signing a contract. With a little bit of planning and research, you can move smarter and save money on your relocation.

When it comes to relocating, it can become quite expensive. But there are ways to make the process more affordable. 

HOT ALBUQUERQUE LISTING OF THE WEEK

Phenomenal private North Valley oasis located on one of the most coveted streets in Los Ranchos. Entering this magnificent property will take your breath away. Single level. Elegantly and completely renovated in 2018. The entire home encompasses high end finishes, impeccably done with exquisite taste. Two very large living areas, options for formal and casual dining, tremendous windows with exclusive custom drapery. Kahrs white oak wood floors. Chef's kitchen with massive island, custom cabinetry, quartz counter tops and high end appliances. Each bedroom has its own bath and walk-in closet. Separate office with gorgeous builtins. Grounds are simply stunning. The property is gated and fully fenced. Mature trees, fruit and nut bearing, beautiful grass. 

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

Are you looking to add value to your home? One of the best ways to do this is by making smart home improvements. From energy-efficient appliances to smart home automation systems, there are plenty of ways to upgrade and enhance your home without breaking the bank.

Home improvement projects are a great option for Albuquerque home owners who want to add value to their property. Not only do smart home improvements increase the value of your home, but they can also save you money in the long run. Every penny saved from replacing an old appliance or installing efficient solar paneling can help you out in the long run. Furthermore, an aesthetically pleasing renovation such as adding a room or finishing the basement or attic can draw potential buyers in, adding to the value of your home.

In this blog, we’ll look at smart home improvements that you can make to add value to your home. 

Benefits of Making Smart Home Improvements

Making smart home improvements can have a number of benefits, especially when it comes to making a home more energy efficient. For example, replacing old window frames with new insulated windows can help reduce heating and cooling costs over time.

Additionally, ceiling fans and more efficient lighting options can also help to reduce energy costs.

Homeowners in Albuquerque can also benefit from installing low-flow toilet fixtures, energy-efficient appliances, and even solar energy systems if their budget allows. Taking the time to find ways to make home improvements that are also energy efficient can be well worth the effort in the long run.

Aside from the energy savings, smart home improvements can also help increase the value of a home which can lead to a higher return on investment when it comes time to sell. Installing modern appliances or adding a deck or patio are just two of the ways homeowners can add value to their properties.

Again, renovating a home is not only a great way to save energy and reduce bills, but it can also be a great investment for when it comes time to sell. Home improvement projects, such as adding a deck or upgrading appliances, can help increase the value of the property. By taking the time now to make smart home improvements, Albuquerque homeowners can benefit from more money in their pockets down the road.

How to Add Value to Your Home Through Smart Improvements

One way to add value to your home is to make smart improvements that you can do yourself or hire someone to do, such as replacing old appliances with energy-efficient ones, adding a room or finishing the basement or attic, and installing solar panels.

Another way to add value to your home is to update it with features that appeal to potential buyers, such as remodeling the kitchen and bathrooms, adding a deck or patio for outdoor living space, and making sure the exterior looks clean and inviting.

Home improvements in Albuquerque can be costly, but they are worth the investment in the long run. Not only will potential buyers be attracted to your home, but you can also enjoy a greater level of comfort with updated features. Consider consulting a local expert for advice on the best ways to make improvements that will increase the value of your home. With the right guidance, your home can become a desirable property that stands out in the market.

Finally, consider making improvements that will improve the home’s performance and appeal, such as improving its insulation and air sealing, upgrading the windows and doors, and replacing aging plumbing fixtures. These investments will pay off in the long run with lower utility bills and higher property values.

In conclusion, making smart home improvements can add significant value to your home. From energy-efficient appliances to smart home automation systems, there are plenty of projects that you can undertake yourself or hire a professional to handle. So don’t hesitate—start planning your next smart home improvement project today.

HOT ALBUQUERQUE LISTING OF THE WEEK

45 BROKEN ARROW Place, Sandia Park, NM 87047

Luxurious Custom Home located on a private gated street in the prestigious Paako Ridge Community, situated next to the fairway of hole #1 of the world class Paako Ridge Golf course! Approximately 300K has been invested by current owners in the surrounding environmentally friendly & efficient landscaping that boasts low voltage lighting, stone fountain, drought tolerant trees, shrubs and perennials. Environmentally constructed for optimum energy efficiency, with thoughtful architectural & designer details throughout, this exquisite home will impress the most discerning buyer! Upon entry, the open & bright great room offers a dramatic raised coffered ceiling, custom tile floors, double sided gas log fireplace, & awe-inspiring views of veranda & garden through the windows & French doors.

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

Are you planning to put your Albuquerque house on the market soon? If so, it is essential to figure out how to boost its value. Fortunately, there are many ways that can help you do this - from a fresh coating of paint or new windows to a full-on renovation.

Let's take a look at some of the best and trendiest ways to increase home value.

Update the Interior

For individuals looking to upgrade their home, interior design is usually the first thought that comes to mind.   Appreciated amenities,   energy efficient appliances and creative   designs have the potential to   change a room's overall appeal without having to spend too much money on a whole remodel. And there's no limit to how   creative you can get with your updates! 

Want to make your home more visually appealing? Adding some simple touches like repainting your cabinets and swapping out old light fixtures can instantly give it a more modern look. You can also ask help from an interior designer, your realtor, or even the internet for some inspiration. 

Exterior & Landscaping

Homebuyers have certain expectations when they visit your listing. Is the house inviting? Does the yard look well-maintained? Walkways should be clear of debris.

Many people will not buy a house if the outside and surrounding property look like it will need expensive repair. Remember to take extra consideration for often overlooked aspects of your lawn. There are easy and inexpensive ways to do so, such as:

• Mend wood rot
• No bare grass spots
• Fix any peeling paint
• Add mulch where necessary
• Fix any cracks in the concrete
• Clear your gutters of any debris
• Ensure your front door is in good shape
• No dead, wilted, or dry plants, shrubs, or trees
• Clean the windows inside and out and ensure no screens or blinds are damaged

Ensuring all of these are in good standing will quickly add to the curb appeal of your home.

Make Your Home Energy Efficient

The new energy-efficient appliances will make your home more appealing, because buyers are looking for a home that is environmentally friendly. This can be an added plus, if the house is put on the market or if you live in the home and want to increase its value. 

Energy-efficient windows, doors, and lighting are not only a great way to reduce their carbon footprint and save money, but these energy-efficient building materials and fixtures could also lead to tax breaks. 

Thanks to advances in technology, there are many eco-friendly, energy-efficient options available to you. You can find smart technology, Energy-Star rated appliances, and thermally-broken steel-based doors and windows. Whether you prefer contemporary or more traditional rustic-style homes, there's a solution for you. 

Install New Windows & Doors

Customizing your windows and doors is one of the most effective ways to raise the value of your home. When home buyers look at houses, they pay close attention to how upgraded the doors and windows are. 

Not only are there energy-efficient options to choose from—there are also plenty of stylish colors and fashionable designs to choose from, so there's sure to be something that fits your unique aesthetic perfectly. 

Are you looking for traditional or modern-looking windows and doors that will provide your home with character and a fresh, new look? 

When choosing new doors and windows, keep in mind the dessert climate you live in. Aim to buy windows and doors that hold in warm and cool air accordingly so that you don't end up paying more on energy bills.

Update Your Kitchen & Bathroom

A common project for a home remodeling project is to change the kitchen or bathroom. There are so many things that you can do to add value to these rooms! Installing smart home technology and devices, re-doing a shower or bathtub, or even just a new countertop or backsplash plus a bit of paint goes a long way too. When you want to add value to your home, there’s no shortage of ideas or options! 

If you're thinking of fixing up your home to put it on the market, check what's trending. Get an idea of what might increase a home's value. Then, once you've finished renovating, you can improve the right features and try to make a much nicer profit once you do find a buyer. 

New bathrooms and kitchens, however, are only as good as the pipes that support them. If a home has a lot of old pipes and plumbing, it might be worth updating or replacing them with newer versions. Unfortunately, there's no way around it: Buyers do look at these things. So if it's not up to standard, it can be difficult to find a buyer. 

Focus on Maintenance and Repairs

If your plumbing isn't up to date, you could be facing problems with your home. Plus, no one wants to deal with broken pipes while you're trying to sell! If there are repairs to be made, do it before you put your home on the market. 

Whether you intend to sell the home or not, keeping up with routine preventative maintenance and fix all problems you know already exist helps ensure that the home is in its best possible condition and will attract the most number of buyers. Keep a record of all repairs, installations, and any service done to any part of the house so that you have answers and proof ready for any potential buyer's questions. 

Old houses always come with hidden problems and issues. By getting a Home Inspector in to thoroughly check the house, you'll be saving yourself a lot of headaches and potential costs long term. Regular maintenance and upkeep on a house also saves you money in the long run. 

There are so many ways to increase home value. Just make sure you communicate with your realtor if you're selling the house and research what's trending in the market and with home buyers. Then, find the best ones for your budget and aesthetic goals, and you'll sell the house in no time at all.

HOT ALBUQUERQUE LISTING OF THE WEEK

** $10,000 incentive for points buydown, closing costs or to use on carpet/paint.** This home boasts 5 bedrooms, 4 baths and a spacious 3 car garage! This wonderful corner lot home in the Celebracion at Fiesta Subdivision has 2 living areas and an open concept, perfect for entertaining! Great location close to restaurants, stores and the freeway. There is much to see with this fabulous home, come and look for yourself!

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

The process of buying and selling a home in Albuquerque involves inspections. By doing this, buyers can avoid spending money on expensive repairs later on, and sellers can prepare their properties for a quick sale. Furthermore, regular home inspections help homeowners learn how to maintain, enhance, and increase the value of their properties. 

Here are the things you should know about a home inspection and what to expect from it. 

The Property Will Be Inspected Thoroughly

As the name suggests, a home inspection will cover every nook and cranny of the property, both the interior and exterior. 

You should be present during the inspection if you are the buyer. The inspector will be able to show you firsthand what the inspector is checking, allowing you to determine which areas need repair and how extensive those repairs will be.

Generally, the seller should not attend the home inspection. The seller’s presence will inhibit the success of the inspection because the buyer will not be comfortable conferring with the inspector about the home’s flaws. 

You can find out more about the home inspection process and what it entails by contacting reputable real estate agencies like Hills Direct Real Estate.

It May Take Several Hours

Depending on the size of the house and the number of areas to inspect, a general home inspection can take around two to four hours or even more. In case there are too many major issues with the property, the inspection may be the start of a new process.

Depending on the findings, the report may launch a series of questions and challenges. The seller may agree to make the necessary repairs or give the buyer some money to hire someone to do the repairs before they move in. In some cases, the buyer may cancel the offer to buy the property if it has major safety issues. 

You Need To Hire A Good Home Inspector

Just like in any profession, there are qualified and unqualified home inspectors. However, it can be challenging to distinguish a professional and qualified inspector from someone who’s not. 

Checking the inspector's credentials is essential. A licensed and certified inspector is the best choice. The American Society of Home Inspectors (ASHI) certifies inspectors who have passed an exam and completed a minimum of 250 inspections. An inspector licensed by the state is familiar with the state's home inspection standards. 

Furthermore, you may ask to see the inspector’s sample report. This report should be comprehensive and contain color photos of the home’s problems. 

Inspecting a home is a tedious process. Further evaluation is needed in many areas and aspects. Therefore, hiring a professional home inspector is essential. Also, an incompetent home inspector can jeopardize a transaction.

It Requires You To Invest Some Money

Home inspections can give the buyer peace of mind. It’s beneficial for you to know that the property has been thoroughly checked for any issues. You can be sure that the house you intend to purchase has no hidden problems that might cause you headaches once you start living there. Since no home is perfect, the home inspection can also serve as a guide on home repairs that may be required over time.

It is your responsibility to hire a home inspector as the buyer. When you purchase a property, you should know what a home inspection will cost you so you are prepared for additional costs. There is no set fee for home inspections, however. Home size and location determine the price. 

Typically, the price of a general home inspection costs somewhere between USD$300 and USD$500. Also, the price may increase if you want a more specialized inspection. 

You Will Receive A Home Inspection Report

A copy of the home inspection report will be sent to the buyer within a few days. It’s a usually multi-page document that includes all the details of how the inspection went and the overall condition of the property. 

The report will list the issues that were found during the inspection and corresponding recommendations. Expect to see many photos from different areas that highlight the house’s flaws. 

The inspector will also include in the report the age of appliances and systems in the house based on the information they’ve gathered. 

The best thing about home inspections is that it protects the buyer from acquiring a property with major safety and health issues. You may also use the inspection report as leverage to request the seller to reduce the price or to undertake some repairs. The report itself is valuable because it contains a professional’s unbiased opinion about the issues they managed to uncover and how these can be addressed.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

8519 MENDOCINO Drive NE, Albuquerque, NM 87122

Exceptional Custom Beauty situated in the highly desirable neighborhood of Vineyard Estates! This light, bright, single level home features 2 living areas & a split master floorplan. Featuring raised ceilings, clerestory windows, & skylights optimal for natural light; rich oak wood flooring & wood look tile throughout. The fully remodeled kitchen (2022) boasts gorgeous granite countertops w/waterfall eat at island, new cabinets w/solid brass hardware, SS appliances including 3 ovens, & opens to the welcoming family & dining spaces. The Primary Suite is a true oasis with its own private courtyard & spa like en suite. Oversized Garage w/room for workshop etc. Outdoor entertaining will be a delight under the covered patio & lush landscaped backyard. Close to shopping, park, schools, & more.

Learn More!

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

Get your Morning Inspiration with the Sandi Pressley Team

Albuquerque home sellers sometimes find themselves accepting an offer only to receive an even higher offer shortly afterwards. There can be a lot of strategic juggling involved, but generally, a seller cannot back out without facing legal repercussions. As soon as you agree to a sale, you're bound by the terms drawn up by the real estate agent. The contract is legally binding and often contains terms about what will happen if the sale does not go through.

When a sale does not occur after an agreement has been reached, the buyer's financing is usually the culprit. As a result, the seller may keep some of the deposit funds or even keep the entire deposit. It is also possible for the seller to work with the buyer to resolve any issues that have arisen during the process.

Both parties are protected by these terms against unforeseen problems and challenges during this complex financial transaction. It is not permitted to back out of a contract for personal reasons. When a buyer accepts an offer, they must purchase the home or lose their deposit. Sellers who renege on their agreements risk financial and legal repercussions if they do not sell their property.

Contractual Contingencies Actually Work In Your Favor

It is generally the seller's responsibility to go through with this real estate transaction, but if a better offer comes in, the seller can escape the deal. It is common for a sales agreement to include several contingencies that protect both the buyer and seller from unforeseen issues. Typically, sellers are able to cancel a deal if the buyer requires longer than 30 days to organize the finances with their mortgage lender.

Motivated sellers may be flexible because relisting a property means starting the process all over again if the deal breaks. If you receive a higher offer, however, then allowing the 30 days to expire will allow you to simply accept the new price. Understanding how long the buyer has to organize their finances can help you understand the potential for this financial boost in your contract.

Contrary to this, buyers often include home inspection contingencies in their contracts. By hiring an inspector, the buyer can be confident they are purchasing a structurally sound home. The buyer can impose mandatory updates or repairs on your house if it doesn't meet accepted standards. If you become intransigent over these repairs, the buyer may walk away from the deal without adversely affecting you as the seller.

You May Decide To Accept The New Offer As A Backup

If a new offer has been received on a property, a seller might consider accepting it exclusively as a backup. The sale is not finalized until payment and keys are exchanged. This means that problems can arise at any moment throughout the sales process. Having a backup buyer on the hook can protect you in case of a problem with some part of the agreement.

It's also important to consider the ramifications of accepting a new offer. A second potential buyer might be viewed by many sellers as disingenuous, for example. A buyer will start planning to acquire and use your home once you've agreed to sell it (or any other asset, for that matter). In other words, backing out of a sale can be a minor inconvenience for the buyer or a major disruption to their life plans. As such, you should always consider a second potential buyer's updated offer carefully. Similarly, an updated offer might be only slightly higher than the original, leading to a situation in which pursuing this additional cash is far more trouble than it's worth.

On the whole, it's important to understand the entire picture and consider everyone involved in the transaction upon receiving a second offer on your home after agreeing to terms.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

1910 GOMEZ Drive SW, Los Lunas, NM 87031

Fixer upper! Great Opportunity for an investor or handy person. Large living area with cathedral ceilings, private back yard and spacious rooms. The home is in a great location close shopping, restaurants and easy access to the freeway. With TLC this wold make a great investment /starter home. Being sold as is, seller will not make any repairs, inspection will be for information only.

Learn More!

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

Get your Morning Inspiration with the Sandi Pressley Team

Whether you're looking for the perfect first home or ready to step up to a more custom home, we have you covered with these latest HOT Albuquerque properties. These homes offer plenty of amenities and great locations, so they're sure to sell fast!

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

6412 MOJAVE Street NW, Albuquerque, NM 87120

Wow - this custom gem has all the bells and whistles! Enjoy details that you normally find in Santa Fe here in the heart of the petroglyphs: Diamond plaster walls, brick floors, GORGEOUS Vigas, cathedral ceilings, Solid Wood doors with Brass hardware, Inlaid wood flooring, travertine flooring and more! Relax with the dual living areas featuring 2 Kiva fireplaces. Enjoy cooking in your gourmet chef's kitchen featuring a Sub-Zero wine fridge, 6-burner gas range with Thermador Hood, and ELEGANT granite countertops. Make the Master Suite your retreat with a gas fireplace, separate living area and spa-like master bath featuring skylights, separate shower and jetted tub. All New in 2021: TPO Roof, 2 Refrigerated Air Units, Furnace AND Water Heater.

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87 CAMINO ALTO, Sandia Park, NM 87047

Single owner home situated in the community of Sandia Knolls. Views of the mountains from the back yard with grassy meadow. One story home offers 3 good sized bedrooms, 2 baths, 2 living spaces separate from each other and both have their own entrances. Great flex space for home office or home schooling or hobbie room. Community water and paved roads. Easy commute to ABQ, Santa Fe and Madrid.

Learn More!

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

If it's extra room you're looking for in an Albuquerque home, then you have to take a look at these two amazing homes for sale in Albuquerque. Each offer over 3000 sq feet of spacious luxury. With 4 beds and 3 baths, your family won't be in each other's way as you go about your day.

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

8709 LA SALA DEL CENTRO NE, Albuquerque, NM 87111

North Valley Gem! Look no further for a PRISTINE custom home in theheart of the North Valley. The spetacular kitchen offers granitecountertops, large pantry and beautiful cabinets. This stunning customhome has no carpet, NO HOA, RV access and a spectacular oversizedthree car garage. The roof, stucco and water heater were all replacedJuly 2020. Large lot with TWO gas/log fireplaces. Close to ALL theamazing amenities the North Valley has to offer. Bring your buyerstoday!

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421 MULLEN Road NW, Los Ranchos, NM 87107

North Valley Gem! Look no further for a PRISTINE custom home in theheart of the North Valley. The spetacular kitchen offers granite countertops, large pantry and beautiful cabinets. This stunning custom home has no carpet, NO HOA, RV access and a spectacular oversized three car garage. The roof, stucco and water heater were all replacedJuly 2020. Large lot with TWO gas/log fireplaces. Close to ALL the amazing amenities the North Valley has to offer. Bring your buyers today!

Learn More!

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

Do you know how much your Albuquerque home is worth? It will probably be about the same price as other homes in your neighborhood that have sold recently and are similar to your home.

These homes and their values are known as "comps", or comparable sales. Knowing the value of comps in your area in Albuquerque will give you the best idea of the current estimated value of your home.

Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, comps), sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours.

What makes a good comparable sale?

The ideal comparable sale is a home that is almost the same as your house int he same subdivision. But that kind of scenario isn't as common. Here are other factors to consider:

Location:

The closer to your house the better, but don’t just use any comparable sale within a mile radius. A good comparable sale is a house in your neighborhood, your subdivision, on the same type of street as your house, and in your school district.

Home type:

Try to find comparable sales that are like your home in style, construction material, square footage, number of bedrooms and baths, basement (having one and whether it’s finished), finishes, and yard size.

Amenities and upgrades:

How many upgrades does the comp have? Does it have the same amenities as your home, such as AC, a deck, or a pool? Does the community it's in have similar amenities?

Date of sale:

Home values fluctuate, so you can't use a value from a year ago. In fact, most lenders say that comparable sales can be no older than 90 days.

Agents can help adjust price based on insider knowledge

Of course, it's very difficult to find an exact clone of your home and neighborhood in most cases. That's where the expert advice of your agent comes in. An experienced real estate agent will examine the differences between your home and comps to adjust the value to match your specific home.

Your agent has certainly been in a lot of homes in your neighborhood, so they know all sorts of details about the comps in the area. They read the comments from other agents in the MLS (multiple listing service) and have heard what other realtors, lenders, closing agents, and appraisers said about the comparable sale. You can rely on the experience of Sandi Pressley and her team to get the most accurate estimate of your Albuquerque home possible.

More ways to pick a home listing price

If you’re still having trouble picking out a listing price for your home, look at the current competition. Ask your real estate agent to be honest about your home and the other homes on the market.

Next, put your comparable sales into two piles: more expensive and less expensive. What makes your home more valuable than the cheaper comparable sales and less valuable than the pricier comparable sales?

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

2220 EDNA Avenue NW, Albuquerque, NM 87104

Beautiful North Valley location in the historic old town area. Lot is ready to build on. Water meter is purchased, city water and sewer are hooked up, electric and gas are in the street. Seller has even paid for the curb cut. Seller has spent over $15,000 on improvements to the lot to make it build ready. Enjoy the charm and convenience of the North Valley with close proximity to Old town and sawmill district.

Learn More!

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

Get your Morning Inspiration with the Sandi Pressley Team

What are you looking for in a home in Albuquerque? Whatever it is, chances are these outstanding new listings have it! Take a look at all these latest HOT Albuquerque propeties have to offer. But act fast, as they're sure to sell fast.

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

This gorgeous Roger Smith built home is located in a very private quiet compound in desirable Sandia Heights! Lots of natural light and windows to enjoy the peaceful scenery. This 1800 sf 3 bedroom 2 bath home features a mid century modern vibe with soft clean lines that are timeless in nature, raised T & G wood ceiling, remodeled kitchen and baths, beautiful wood floors in all bedrooms. Private owners suite with spa like bath and access to the inviting backyard. Please see all updates/improvements in documents to many to list. Artistically landscaped yard with mature trees, flowers and plants. Close to Sandia Tram, walking and hiking trails. Home has been meticulously maintained with enormous pride of ownership.

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1011 Puebla Drive, Bernalillo, NM 87004

Immaculate one-story home in the much desired Santiago Subdivision. The natural sunlight from the skylights throughout makes this home bright and open, perfect for entertaining! This home is also handicap accessible with a 36'' wide door frames and 43'' hallway, entrance from the garage into the home with no steps for easy access. Spacious MB and bath featuring double sinks, garden tub, and separate shower with bench. Upgrades to include: Rain gutters, NEW Water Heater (2021), NEW REF A/C Unit (2021), NEW CARPET w/ plush padding (2021), NEW laundry room cabinets, and folding area, (CA Closets). Outside has a covered patio w/ a serene private setting, easy maintenance yard with turf, native plants, and 55 gallon vertical water barrel, and water feature.

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