Real Estate Information Archive

It's already a stressful process when you buy a house in Albuquerque. Home inventory is low right now, despite falling prices in many markets and rising interest rates. The shortage of inventory has led some buyers to waive home inspections or use escalation clauses in their contracts, which they wouldn't normally do.

Whatever you do to get your dream home in Albuquerque, don't skip the final walk-through.

You should walk through the house again after making an offer to ensure it is still in good condition. It is your responsibility to ensure that the seller completed the repairs or improvements you negotiated.

Who Comes to the Final Walk-Through?

The final walk-through is usually attended by the buyer and the buyer's agent. Buyers can inspect everything at their pace without feeling pressured by sellers or their agents since they're usually not present.

A builder or contractor may come if the house is new. A walk-through of a new build is primarily intended to identify cosmetic issues. There will be high expectations since the home is brand new.

In cases where issues were discovered during a home inspection that needed to be corrected before closing, the inspector may need to return to make sure everything was done correctly. If you have another inspection, you should schedule that before you do your final walk-through.

Scheduling

Usually, you'll do your final walk-through within 24 hours of closing. Your agent can help you schedule and coordinate access times with the seller's agent.

The final walk-through is often performed the night before or even on the way to the closing. 

It depends on you, your agent, and the house how long a final walk-through takes. If the home is small, it can take 15 minutes. Extra time might be needed if you have a pool or a detached building. If the house is larger, it may take an hour or more.

Do not feel rushed, so take your time. Make sure you check everything.

It’s Not a Home Inspection

It's important to remember that your walk-through isn't an inspection. This is an opportunity to address any issues raised during the inspection.

During the walk-through, your agent should bring documents that provide guidance and confirm everything is as it should be. A seller's disclosure form, inspection report, and repair amendments agreed to by the seller will be included in this documentation.

If the seller made repairs after the inspection, ask for receipts, which they should bring with you to the walk-through.

There’s no fee for a walk-through either—it’s just part of the process.

What If You Find An Issue?

Finding a major issue during a final walk-through can be a serious issue. Approximately 5% of contracts were terminated in January of this year due to non-compliance.

A minor issue doesn't necessarily mean it's a deal breaker. What might end up happening is that you delay your closing a few days to fix the problem or request a credit at closing so you can deal with the repairs needed after you move in.

Negotiations are usually the best way to resolve issues. If it isn't a big deal, your agent might even recommend proceeding with the closing. Unfinished repairs like missing appliances or major property damage cannot be overlooked. At this point, most sellers will want to make things right.

Can You Back Out?

Unless there's a significant change in the property's condition, it's tricky to end your purchase agreement after a final walk-through. It's better to try and work it out so that the seller gives up the money needed to make the repairs if there's something small.

Depending on your real estate contract, you may be able to back out if the property doesn't meet your expectations.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

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.

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

The process of building a new home in Albuquerque can be stressful if you don't plan carefully. Choosing the right layout will depend on your family's needs, as well as your choice of finishes. Custom electronics are also important to consider. Last but not least, your security should be a top priority.

Keep It Simple

You may not be interested in minimalist design, even though simple living is all the rage. However, for busy adults, it is important to design their homes to make life easier.

Are you a fan of outdoor activities, such as lawn-mowing and gardening? Make sure the entrance you'll use the most after these activities is easy to access and that you have a place to dump your muddy shoes. You should ensure that the first stop in from the garage or bus has a sturdy and easy-to-clean floor if you have young children.

Focus on Flow

As soon as you step into your very own home, you'll likely start shedding things. It may be a briefcase or work boots. You'll also want to de-stress as you move into your home.

You may want to design a closet with cubbies and a charging station for electronics. Make sure you have a place for the controllers of your custom home sound or lighting system.

For those who like to entertain, it's critical to have plenty of kitchen space for people to gather. An open floor plan is a wonderful way to invite guests into the heart of your home. Plan for an island or a peninsula if you'd like your guests to gather in this crucial workspace.

A Word on Security

These days, security cameras aren't just for your front door. It is crucial to ensure the interior of your home is secure and safe when you're away from home for long periods of time, or if your children will be home alone before you come home from work. It will be necessary to plan for these tools before the walls are erected.

Natural Light for a Healthy Brain

The placement of windows and skylights can go a long way to making your home both happy and healthy. Natural light is critical to good brain health and quality sleep.

You may want to consider installing frosted or textured windows if nearby houses are too close. Additionally, skylights that allow air to circulate are excellent for bringing in fresh air and sunlight.

Not a morning person? Plan your sleeping space away from the rising sun, or avoid a lot of east facing windows. You can enjoy plenty of light with south-facing windows and still sleep in!

Build In Some Decadence

We all deserve a little pampering every now and then. As with keeping things easy, it's different for every one of us. In the laundry room, if you want surround sound, plan it when the walls are open. Now is the time to treat yourself to a giant tub if you've always wanted one.

This should spill over into your yard. If your spouse enjoys grilling, you might want to construct a deck that has plenty of space as well as wiring for a smoker or pellet grill. While few of us will be able to get everything we've ever wanted in our homes, with proper planning, you may be able to get one feature you've always wanted.

Designing a home is fun, but puts a lot of responsibility on the buyer. Work with a designer or architect that is willing to put in the time discussing the things you need and the items you really want.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

10 PINON RIDGE Drive, Placitas, NM 87043

Amazing Hilltop Lot is setting for this Custom Santa Fe style home. Incredible mountain and sunset views. Bright light and open great room floor plan, gorgeous quality windows, with beautiful Saltillo tile floors throughout. High ceilings throughout accented with wood beams and tongue and groove. Dream kitchen with beautiful granite countertops custom cabinets and 2 huge walk-in pantries, kitchen island, & bright sunny breakfast nook. Water is stored in a 1200 gallon tank and is on a water fill system. Water delivered to fill tank by East Mountain water for $150 a month. Exquisite owner suite privately situated from other bedrooms w/Kiva style fireplace and Vigas accents on the high ceilings. Amazing custom shower with glass block accents and cedar lined his and her walk-in closets.

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

62 Calle Monte Aplanado NWAlbuquerque, NM 87120

Do you plan to move to a new home in Albuquerque soon? New environments are exciting, especially if it is your first home. It's intimidating to search for and purchase a home, but the challenge doesn't end there. 

You must move your belongings and family to this new compound, an undertaking that is quite demanding. If you've ever done it before, you know that the stress lasts for several months after you've started planning. Besides the time and energy it takes, you'll also need enough money to ensure that everything goes smoothly.

You should create a budget based on your needs and what you can afford in order to avoid spending aimlessly. We'll discuss a few of the main factors affecting the cost of your move in this article.

Volume

When moving, the volume of your goods will have a huge effect on your moving expenses. It can have a big impact on the size of the truck used by your local mover and the number of extra workers you may need. 

It also matters what kind of items you're transporting. Due to the care required, fragile goods, for example, tend to cost more. Packing materials will be costly. Additionally, most moving companies require their clients to pay for extra insurance just in case anything goes wrong. 

Your belongings can be sorted out to reduce these expenses. Get rid of anything you are no longer using and sell those that still have some value, such as electronics and books. This won’t only cut the volume but also the weight of the goods, which will have a ripple effect on the transportation costs.

Distance

What is the distance between your current location and the new home? When calculating the total expected expenses, it is important to keep this factor in mind. Moving across longer distances requires more funds because, for one thing, the moving company's fees are higher. Additionally, there might be other costs involved, especially if you're crossing state lines. 

Timing

The time of the month when you decide to move may also affect the moving costs. Many people are unaware of this. Picking a more favorable date could result in significant savings. During the last week of the month, most movers are busy, so their prices are higher.

However, you can make use of the low-demand dates between the 5th and 24th of every month. Some companies go the extra mile and offer discounts during this time. Keep in mind, however, that this does not apply to every mover. Do your research and find the moving company that best suits your needs.

In addition to the dates, the season may also affect your moving costs. Summer is a good time to move. But that also means that many people are likely to move during these months, and that gives the movers a reason to raise their prices. It would be wise to postpone this project during other seasons if these costs are a serious deterrent to you.

Extra Costs

A mover's fees for shipping your goods are just part of what you should expect to pay. You need to budget for packaging materials, package labeling tools, and snacks for the day. You should consider paying someone to assist you in packing and unpacking if you have a lot of items to pack. You can reduce these costs if you ask your family for help.

It is exciting and challenging to move to a new home. It can be tedious to pack, sort, and ensure that everything is in the right place. It's recommended to reserve enough money for your moving day so you don't have to worry about financial calculations on your moving day. It's important to consider the volume of goods, the distance to the new home, and the time of year when calculating moving costs. Include all these aspects in your calculations. Of course, you can call the mover in advance and ask them to help you with the estimates.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

6538 DESERT SPIRIT Road NW, Albuquerque, NM 87114

Welcome home to the in-demand Anasazi Ridge neighborhood! This charmer features NEW carpet and an open floorplan. Gas range in the kitchen with a spot for bar-height seating makes this inviting for everyone! The large master bedroom features an oversized walk-in closet and an en suite with both a soaking tub and separate shower. Enjoy the 10' ceilings, beautiful oversized tile floors, and cultured stone exterior accents. This low-maintenance gem features a covered patio with pull-down shades for your outdoor enjoyment. Convenient location makes this one move-in ready!

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

There is a range of emotions that can arise from inheriting a house. Perhaps you feel sad because you have lost someone close to you. Knowing what to do next and the financial impact can also be overwhelming. A house is also a very valuable asset, so it can be exciting as well.

How should you proceed if you inherit a house in Albuquerque?

In this situation, you essentially have three options. Sell it, move into it, or rent it.

Concepts to Consider

You will first need to consider your legal and financial obligations when inheriting a house. A loan, for example, might be owed. Inheriting property may also incur tax responsibilities, such as capital gains and federal estate taxes.

It's not a federal inheritance tax if you inherit a home, but some states have them. In most situations, inheriting property does not automatically result in a tax liability.

An asset, such as a house, can generate capital gains taxes. If you sell the house, you may have to pay capital gains taxes. There are tax implications when a home's fair market value is less than its sale price when it is inherited.

You may be eligible for an exclusion if you keep the home.

Is There Currently a Mortgage?

Having a house that's already paid for means fewer financial considerations.

A property with an open mortgage can be assumed, which means you take over the payments as an heir and pay off the debt based on the original terms of the mortgage.

Reverse mortgages and some other loans become due at the time of the borrower's death or the sale of the property. In such a case, as the heir, you would be required to sell the home and settle the remaining debt if a reverse mortgage is open.

Did You Inherit a House with Your Siblings?

Having several siblings or family members inherit the same house is common and complicating. Therefore, multiple opinions could play a role in the decision on what to do with the property.

A buyout may be an option if there are multiple stakeholders. For whatever reason, one sibling can purchase the other sibling's home if they want to keep the house.

The simplest thing to do is to sell the home and split the profit. The home can also be rented out and the profits split.

You may need to file a lawsuit for partition if you cannot agree on what to do. In this case, the court will order the sale of the home. Due to the legal fees and time involved, you'll receive less than you would have without this step.

Can You Move into the House?

You might want to move into an inherited home if there are no complicating factors or if the people who share ownership agree to it. Again, if there is an outstanding mortgage, you'll need to determine whether or not taking on that debt makes financial sense.

Not only do you have to consider the mortgage payment, but property taxes as well as any other costs associated with owning a home.

Selling your current home and moving in without taking on debt may be possible if you have no obligations.

In order to sell the home you inherited, you have to pay for any needed repairs as well as real estate agent fees and closing costs.

Again, if you fall into a particular tax bracket, you'll have to pay capital gains on the difference between the fair market value of the property when you inherited it and what you sold it for.

When inheriting a home, many things come into play, from whether or not the home is currently debt-free to how many people share it with you. Make sure you research all financial implications before making any decisions.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

917 AVENIDA ESTRELLITA NE, Albuquerque, NM 87110

Nostalgia for the past! Original charm in this 3BDR/2BA mid-century modern style home! ROOF 2021! Refrigerated air, tankless water heater, skylights, updated kitchen, updated windows! Open living/dining room features hardwood floors and a wood fireplace plus a large family room with built-ins! Light, bright & open kitchen. Large utility room with storage cabs. Secondary bath features a walk-in jetted bath! Huge covered patio & open deck for entertaining! Large lot with newly landscaped front yard! Backyard with mature trees, shrubs, and storage shed! Carport/Breeze Way w/storage! Customize your updates to your style! Great location close to Altura Park, UNM, Nob Hill, shopping and restaurants!REQUEST MORE INFORMATION

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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.

Get your Morning Inspiration with the Sandi Pressley Team

Are you in the market for your first home, or looking to upgrade? These latest listings are just what you've been waiting for! But don't wait too long, as they's sure to sell fast in this hot Albuquerque real estate market!

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

Come home to your oasis! Clean, immaculate, and lovingly cared for. Three comfortable bedrooms, 2 baths in a beautiful easy-care community. Enjoy the green grass park, gazebo, and community pool to cool you off in summer. A completely private and secure flagstone, adobe-walled patio accessed by a lovely concrete-stamped breezeway. Plenty of New Mexican charm, and upgrades galore! Relax knowing the townhome comes with MANY updates: kitchen, TPO roof, refrigerated air, windows, wood flooring, and bathrooms. TONS of storage in this family home. Convenient location near the center of town. 10 minutes to the zoo, botanic gardens, UNM, CNM, theaters, and old town! Must see to believe!

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9628 ENTRADA VISTA Avenue NW, Albuquerque, NM 87120

Beautiful 3BDR/3BA/2CG DR Horton Build Green NM-Silver home in Prima Entrada! Lots of living space in the great room! Large loft/recreation area & laundry room located upstairs for convenience! Light, bright & open kitchen features a walk-in pantry, breakfast nook and bar, tile flooring & gas range! Refrigerated air & tankless water heater! Private master suite features his & her walk-in closets, raised dual sink vanity and garden tub! Landscaped front and backyard! Views! Enjoy the outdoor living space with your morning coffee under the gazebo and relax and entertain family & friends for Summer BBQs!! Close to the Petroglyphs, easy access to I-40 for KAFB, Alb International Sunport, UNM, downtown!

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.

Are you thinking about ditching the rental and owning your own home in Albuquerque? An important component of becoming a homeowner is the down payment. When you want to buy a home, saving for a down payment is likely to be the biggest obstacle.

Down payments are the cash you put down when making a large purchase. You would need $35,000 in cash to buy a $350,000 house with a 10% down payment.

Ultimately, your mortgage lender will provide the rest of the money to buy the home, and you will repay your lender over time. Down payments are generally required by lenders, with a few exceptions, such as VA loans.

Putting down 20% is recommended if you're buying a house, but that can be a lot of money.

What can you do if you live paycheck to paycheck? While it may be possible, you may also need to change your routine.

Take the First Step

Although it might seem impossible to save money when you're barely making ends meet, make one first step towards your goal. Taking that small step is the best way to begin, even if it seems symbolic.

Start by opening a savings account that will be used exclusively for the down payment. It will accrue interest over time, which will help.

Create a Budget

It may be that you are living paycheck to paycheck, but that does not have to be the case.

When you look at what's going out versus what's coming in, you may find that you can still save some money even with your current income.

If you are not being honest with yourself about your income and spending, you might not realize how much you are spending on unnecessary items. Nevertheless, being honest is worthwhile.

Include in your budget the amount that you will set aside every week or month for your down payment.

Even small contributions do add up over time if you’re consistent and patient.

Many financial professionals recommend following the 50/30/20 rule when creating your budget. Rent, for example, would take up 50% of your income. A third of the budget goes toward lifestyle expenses such as eating out. Savings or debt repayment should account for the other 20%.

Cut Out Subscriptions

Regularly evaluating your subscription fees and cutting them out is one of the best things you can do for your finances. Despite the simple concept, the average person in the United States spends $237 a month on subscriptions. It's a lot of money that could be used somewhere else.

Go Over Every Bill Carefully

Because your income is relatively low in comparison to your expenses, you should go through every single bill and transaction carefully.

There are several reasons for this.

The first thing you need to do is make sure you aren't paying for mistakes. You may also be able to find cheaper options. It may be possible to negotiate a lower interest rate on your credit cards if you make on-time payments in the past, or you might be able to get discounted car insurance rates if you are a good driver.

If you know where to look and are willing to ask, you can save money on your bills.

Add Income

As a last step, add extra income to your life once your budget is in order. It can be done in so many ways. Perhaps you deliver groceries or work for a rideshare service when you are not working your full-time job.

Adding another source of income puts you that much closer to your down payment, regardless of what it is.

Your secondary income should go directly into your down payment savings account so you won't be tempted to spend it elsewhere.

As you can see, with a few adjustments in your life, you can find the money you need to save for a down payment on your next home in Albuquerque.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

616 LA VETA Drive NE, Albuquerque, NM 87108

Fantastic, 3 bedroom home now available with 2 spacious living areas, cozy fireplace and lots of natural light. Kitchen features stainless steel appliances, granite counters and all appliances stay! Modern bathrooms and updated kitchen make this home a gem. Beautiful hardwood floors and tile throughout. Large bedrooms. Front has lovely flagstone patio with rose bushes ready to bloom! Backyard is blank canvas for your dreams to become realized. Come see this home today, it wont last!

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

Finding the home of your dreams in Albuquerque can be an amazing experience. You can fall head over heels for a home the second you step into the living room, and just fall more and more in love as you walk through the rest of it. This can make you overlook some major flaws that you wouldn’t have if you hadn’t been blinded by your love of the home. While the house might be perfect on the surface, it might not be the house for you. Here are some tips on picking a home that you’ll love and is right for you.

Shop Within Your Budget

Speak to your lender and get a price limit that you can comfortably afford based on your income and current debts. Then only look at homes that are within that price range. This will keep you from falling in love that would overextend you and put the bank’s investment at risk.

Work With a Real Estate Professional

When you look on the internet, you run the risk of finding a home way out of your league. You’re more than welcome to look online, just make sure to stay in your price range. If you look at homes that are more expensive than you can afford you’re going to fall in love with the extras and space you’ll find there. Share your wish list with a real estate professional and let them preview homes for you.

Shop for the Size You Need

Buying a home that’s too big is a common mistake buyers make. While you might think that buying a home with the most space with the money you have is a good idea, remember the operating costs of heating and cooling and the hassle of keeping all those rooms clean. Plan out how many rooms you’ll need and stick to a home with that many rooms.

Shop for Your Lifestyle

Consider your lifestyle. If you’re single and travel often, you probably don’t want a home with lots of land to maintain, you’d probably want a condo or something on a smaller lot in a gated community. If you have kids, you’ll probably want something in a nice neighborhood with lots of parks nearby.

Keep Your Commute in Mind

While they offer the most comforts and space, many of the newest homes are built on cheaper land that’s farther from city centers. Keep the commute to work in mind when you’re picking a home or neighborhood.

Remember You Have to Live in the House

A home can look absolutely perfect on the surface, but be completely impossible to function in. Is there space for a table to put your keys? Is there a place where the kids can drop their backpacks after school? Does your office have enough space to work in? Are there enough bathrooms for everyone to use during that morning rush?

Don’t Let a Home’s Look Fool You

Affordable homes are often older or need a little work. You can often turn a so-so home into the perfect home with some minor cosmetic updates. No home is perfect, so don’t worry about by ugly wallpaper or paint, as it can be easily changed. The right house for you might not be the biggest, prettiest, newest house on the block, but it should be the house that fits the many needs of your household. When comparing homes remember to keep your wish list, price range, number of bedrooms needed, space and amenities that are needed, in mind. Once you move in you’ll see that that the perfect home is the one that suits you and your needs best.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

616 LA VETA Drive NE, Albuquerque, NM 87108

Fantastic, 3 bedroom home now available with 2 spacious living areas, cozy fireplace and lots of natural light. Kitchen features stainless steel appliances, granite counters and all appliances stay! Modern bathrooms and updated kitchen make this home a gem. Beautiful hardwood floors and tile throughout. Large bedrooms. Front has lovely flagstone patio with rose bushes ready to bloom! Backyard is blank canvas for your dreams to become realized. Come see this home today, it wont last!

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

When it comes to selling and buying real estate in Albuquerque, reputation is everything. You need to know that you can count on your Realtor to make the best deal and take care of your needs from start to finish. Thanks to the internet, we can read the esperiences of many of the people that have had the pleasure of buying and selling a home with Sandi Pressley and her team. They have been so kind as to share thier experiences working with us. Here are just a few of the reviews that show why Sandi and her team have been the top real estate agents in New Mexico for decades.

mang64on Zillow | 2 months ago

"This is the second time we have worked with Tori as our realtor. I can't recommend her enough. She was very responsive to our questions and requests, she explains what is happening in every step of the process, and is very easy to communicate with in general. Everything she or her team does is timely and efficient and they all work well together so everyone knows what is happening and the process is seamless."

zuser20161009171930614on Zillow | 2 months ago

"We can’t speak highly enough of Sandi! We loved our house and needed to find a realtor who could also be passionate about our house in a way we did. We contacted a couple of realtors and we were thrilled to choose her!!! Home selling and moving process were super stressful but Sandi made what could have been a difficult process as seamless as could be. Sandi really listened to our concerns. Her professionalism, knowledge, honesty, integrity and hard work ethics (literally she calls you back in few min even at night) are very much appreciated and respected. She is super delightful and FUN but detail oriented, honest, and natural with people making it the perfect fit for our home selling journey."

RobertSpeakeon Zillow | 5 months ago

"Sandi's team did an exceptional job of selling my property, from listing to closing. A special shout-out to Becca Moore who did the all-important job of finding the right buyer for my unusual property with 2 houses on it. She understood that it could be sold to both investors and homeowners and promoted it in both markets. Another shout-out to Althea Beecher, who worked out my buyer's allowances with the buyer's agent so that they were affordable for me. The entire process took 5 months, which was reasonable for an unusual property like mine. Thanks, Sandi and your great team!"

efaria71on Zillow | 5 months ago

"Tori is extremely knowledgeable in the current market and is always available for questions. She works rigorously to full-fill her clients needs and requirements. She is extremely kind and patient and will go the extra mile. Tori communicates well and is focused on detail. She is a professional in her field and is a master when it comes to closing the deal. It was a pleasure to work with Tori throughout the entire real estate purchase process. I highly recommend her services to anyone!"

Karen Ungaron Facebook | a year ago

"We had the pleasure of working with Sandi and her team to sell our home in Albuquerque. We interviewed four top realtors and she won our confidence hands down. We are so happy we did so as she has never disappointed us. She created a beautiful photo presentation online and gave us a slick brochure to pass out. Sandi and her team pay very close attention to detail and presented us with a weekly report of viewings. We were always in the loop of the current status and plan, and never had to wonder what was going on. Her "dream team" is knowledgeable, eficient, thorough and very tenacious. They encountered a long list of obstacles over an extended escrow period, and overcame each one of them. It is easy to see why Sandi has been Number 1 for many years."

Contact us today to start your own extraordinary experience buying or selling a home in Albuquerque!

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

6500 PONDEROSA Avenue NE, Albuquerque, NM 87110

Gorgeous backyard featuring a POOL and large deck for lots of outdoor living space for relaxing weekends, swimming, gardening, summer BBQs, and entertaining family & friends! Traditional Mossman home 4BDR/3BA tri-level featuring hardwood floors, built-in bookcase, wood burning fireplace, formal dining & living room plus a separate family room overlooking the deck and backyard! Light, bright & open kitchen has nostalgia charm, well kept with lots of cabinets, Quartz countertops and sunny bkfst nook. Updated baths! Updated evaporative cooler, sliding door & some windows! New carpet! Beautiful backyard oasis with grass, trees & shrubs! Great location close to schools, parks, parks, shopping, Whole Foods, transportation, and easy access to Uptown and Downtown!!!

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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.

Get your Morning Inspiration with the Sandi Pressley Team

Whether you're looking for the perfect entry level home or want to step into the perfect mid-priced home, these HOT new Albuquerque listings are ready for you to move in.  Our homes sell fast, so act now to see these fantatic listings!

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

6500 PONDEROSA Avenue NE, Albuquerque, NM 87110

Gorgeous backyard featuring a POOL and large deck for lots of outdoor living space for relaxing weekends, swimming, gardening, summer BBQs, and entertaining family & friends! Traditional Mossman home 4BDR/3BA tri-level featuring hardwood floors, built-in bookcase, wood burning fireplace, formal dining & living room plus a separate family room overlooking the deck and backyard! Light, bright & open kitchen has nostalgia charm, well kept with lots of cabinets, Quartz countertops and sunny bkfst nook. Updated baths! Updated evaporative cooler, sliding door & some windows! New carpet! Beautiful backyard oasis with grass, trees & shrubs! Great location close to schools, parks, parks, shopping, Whole Foods, transportation, and easy access to Uptown and Downtown!!!

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1129 WALKER Drive NE, Albuquerque, NM

Darling and updated!! Fantastic NE location!! Newer electrical, plumbing, insulation, sheetrock, floors, cabinets, fixtures, appliances, furnace/combo unit, refrigerated air, windows, water heater, stucco and metal roof! Basically a cute newer house! Backyard access with the Tandem garage. Huge fenced yard for kids or animals. nothing needs to be done to this house to move in. Easy maintenance, lock and leave.

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.

Overpaying for a home is an issue Albuquerque home buyers are experiencing right now. Markets across the city and country are incredibly hot. Housing supply is low, and demand is high. In many cases, buyers find themselves in bidding wars when they attempt to buy a house.

You are more likely to overpay for a house if you are involved in a bidding war.

You'll spend more on everything if you overpay for a house, including the down payment, closing costs, and the interest you pay over the years.

How do you know if you may be overpaying? You must pay attention to the following red flags and signs when making a decision, regardless of your emotions.

The Listing Price Is Different From Comps in the Area

It's a possible red flag if the listing price of the home you're interested in is out of line with the sales of comparable properties in the area.

Perhaps the seller priced their home according to the values of neighboring houses rather than based on what they're selling for.

The services of an experienced real estate agent, like Sandi Pressley and her team, who understands the current market can be very helpful in this situation.

There is more to a house than its value. In addition to considering the community and school district, there are many other things to consider. Ideally, your realtor should already be aware of these factors and will be able to negotiate on your behalf.

Homes in the same neighborhood should have similar prices. Although there may be differences based on factors like size, the features should be similar enough that you can use comparables as a guide.

Online Estimates Are Lower

Over the past few years, online valuation tools have become much more accurate.

You could be in danger of overpaying if you find online tools that value a home lower than the list price.

Keep in mind that everything needs to be viewed in context, so if the kitchen has been recently renovated, then the home could have a bit more value.

The Listing Price is Similar to Homes No Longer on the Market

This red flag can take a little more research to figure out but if you’re looking at a home with comps similar to sellers who have taken theirs off the market, keep this in mind.

Homes that have been removed from the market will be available to an agent. If the asking price on these unsold homes is similar to what you’re looking at, it could be overpriced.

It’s Been on the Market for a Long Time

If a home has been on the market a long time, you could be at risk of overpaying. A home that’s priced too high doesn’t get showings or interest and then doesn’t get offers. You need to think carefully about why other people might be passing on the home.

Of course, if you’re in the situation where you’re in a bidding war, it can be different. You might be at risk of overpaying simply because you’re caught up in the emotion and the competitive element. If you’re going well beyond your budget simply because you end up in a bidding war, it’s probably time to take a step back and reassess.

No matter the value of a home, if you pay more than what you can comfortably afford, then you’ve ultimately overpaid.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

7113 NAPOLEON Road NE, Rio Rancho, NM 87144

Welcome to this beautiful Twilight home in the heart of highly desirable Lomas Encantadas! This 3-bedroom, 2-bath gem has so much to offer. Enjoy the Chef's Kitchen with upgraded Kitchen-Aid appliances plus a gourmet Wolf gas range and convection oven and beautiful granite. The backyard oasis has incredible mountain views, a fire pit, and extended covered patio with custom pull-down shades. A NEW Tankless Water Heater (2022), refrigerated air, tile roof and xeriscaping keep this one low maintenance! Relax in your oversized master suite, cozy up by the gas fireplace, or just enjoy the views. This one is ready for you!

Learn More!

 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