Real Estate Information

Offering a strong job market and ever-growing economy, with a great blend of cultural diversity and gorgeous landscapes, the housing market is flourishing in Albuquerque. While many parts of the country experienced a slowdown, Albuquerque continues to be competitive and fast paced. Here are the current stats for our area:

MEDIAN SALES PRICE:  $338,000.

MED PRICE PER SQ/FT:  $194

UP 3/2% (YoY)

SALES TO LIST PRICE RATIO: 100%

**There has been a steady rise in home values over the past year with the average home vale now at $310,836. - up 5/2%.

This healthy market shows homes selling quickly in an average of 22 days, with an average of 2 offers per home and many others with multiples. The supply of homes in Albuquerque is still below the need of buyers searching for homes, which means Sellers…it’s a GREAT time to list your home!

If you live in the Albuquerque area you already know how special it is and why it is an awesome place to call HOME! If you’re looking for an amazing city and community to live, let me tell you, you’ll find nothing like our city! Fantastic landscapes and natural playground for outdoor enthusiasts, cultural dining experiences that are second to none, excellent schools, arts and culture, and entertainment galore.

How can we assist you with your real estate goals? Whether you’re buying or selling, put the experience, knowledge, and expertise of the Sandi Pressley team to work for you!

All of us here at the Sandi Pressley Team adore the abundance of delicious restaurants available to us in the Albuquerque area. We sure are blessed with a diverse mix of ethnicities and amazing chefs that continually whip up the most delectable dishes around. Many of us have had the opportunity to travel around the country and many different parts of the world and we can tell you…Albuquerque can stand tall when it comes to our restaurant & dining scene.

This week, we wanted to highlight some of our favorites and restaurants that are near and dear to many in Albuquerque as they have stood the test of time and are still ranked at the very top as the Best of the Best of what our great community has to offer. If you haven’t tried any of these, we hope you are able to do so soon.

ANTIQUITY RESTAURANT

This is an Old Town Steakhouse that has preserved fine dining at its BEST! A classic style of dining with black tablecloths and a menu that consists of oysters Rockefeller, and bacon-wrapped filet mignon crowned with bearnaise sauce, beef carpaccio, Chateaubriand for Two and so much more. Plus, the desserts are second to none! You never know what celebrities you may spot here; it is a ‘go-to’ place for many for special occasions.

CAMPO AT LOS PABLANOS

Locally sourced ingredients with their wood-fired dishes and some huge attention from the James Beard Foundation has earned Campo at Los Pablanos a spot at the top of the Albuquerque restaurant scene…and rightly so. Set among their historic inn and organic farm, you’ll experience a stunning setting while enjoying a scrumptious menu that is seasonal curated and never disappoints. This is a MUST on your list of dinner destinations.

FARM AND TABLE

We know you’ve heard the term ‘farm to table’ quite a bit lately as it seems to be a buzz word many restaurants like to use, Farm and Table true to its name. For over 16 years owner Cherie Montoya, has served up a fusion of incredible of harvest plates and meat that has been sourced right from their sustainable community farm. The food is amazing and their vision and care for the people and community is truly inspiring. Another must visit on your quest for great food choices in Albuquerque.

We hope you like our assortment of choices. We’ll continue to share favorites around the Albuquerque area and highlight our local friends and businesses. Do you have a topic you’d like us to explore and share with you? Please let us know. You can send us your comments here.

The natural beauty, friendly people, strong local economy and wonderful amenities keep Albuquerque at the top of the lists of great places to live! Are you looking to buy or sell in the Albuquerque area? Reach out to the Sandi Pressley Team and put our team of local experts to work for you!

HOT LISTING OF THE WEEK!

12 DUSTIN COURT, placitas, nm 87043

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

LEARN MORE HERE.

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

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

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2115 Lead Avenue SE, Albuquerque, NM 87106

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

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

Selling a home can be challenging, especially if you decide to sell your home in Albuquerque on your own, otherwise known as a For Sale By Owner or FSBO. Yet now more than ever, enlisting the help of an agent to help sell your home is critical to the success of the sale, as well as your safety.

Here are a few reasons why you should use an experienced real estate agent when selling your home in Albuquerque.

1. Safety

Real estate agents in Albuquerque, such as Sandi Pressley and her team, are particularly aware of safety issues when selling a home during this pandemic. Not only will they take precautions to protect your health, but to also protect your belongings. They can regulate the number of people who view your home at one time, as well as assure sanitation before and after the showing. If needed they can arrange virtual tours. The National Association of Realtors (NAR) has issued standards that agents will follow to make sure your home sale is as safe as possible.

2. Powerful Online Marketing

Studies are showing that after the COVID-19 outbreak, the number of people who searched for homes online rose to 93%, and that number keeps growing. Your listing is networked through multiple online resources, making your home for sale visible to anyone in the world. Do you have that capability?

3. Negotiations

If you sell your home in Albuquerque on your own, you will have to negotiate with various individuals to complete the sale, including the buyer, the buyer's agent, inspectors, the appraiser, and more. Real estate agents are experts at negotiating with these individuals. They make sure that those negotiations result in a smooth and fair transaction.

4. Is the Buyer Qualified for a Mortgage?

When a buyer is interested in your home, the first important step is to make sure they can afford it. If you sell your home as a FSBO, you can't tell if a buyer is pre-approved for a mortgage, unless they tell you. Real estate agents are experienced in asking the right questions and making sure that you are presented with a buyer who's ready to make deal.

Also, keep in mind that the mortgage market is changing rapidly, with so many families out of work. What a person qualifies for in regards to mortgages can change daily. You need an agent who works with lenders daily and can make sure your buyer can complete the sale.

5. FSBOing is More Difficult Legally

Are you familiar with all of the mandatory disclosures and regulations that are needed to complete a home sale in Albuquerque? Again, your agent deals with legal issues daily and can help you avoid your own legal issues.

6. You Net More Money When Using an Agent

You might think you'll save money by not using an agent to sell your home. But in reality, the opposite is true in most cases. In fact, studies show that you may make less money selling your home as a FSBO. Your agent will also bring more buyers to the table, which can end up in a bidding war and netting even more.

In the end, it just doesn't add up to sell your home on your own. You can rely on Sandi Pressley and her experienced team to make sure that your home sells quickly and for the best price possible. Contact us today to discuss your options.

HOT ALBUQUERQUE LISTING OF THE WEEK

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

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When you sell your home in Albuquerque, of course you have the right to be involved in every aspect of the sale. But you also need to be careful not to get in your own way.

Real estate professionals know all the ins and outs of selling a house and how to deal with buyers. Most home sellers understandably do not have that experience. It's very easy as a home seller to sabotage your own efforts without even knowing it.

Here are three of the more common mistakes that home sellers make, and how to avoid them.

Making showings difficult

There's a simple rule as home seller when it comes to showing a home - stand back and let the pros handle it.

Oh yes, you lived in that house for years and know every little nook and cranny, and every story about your home as well. But your insight is not what's going to sell your home. The agent you hired will use their years of experience and training to sell your home. After all, this is what they do and how they get paid. They want to sell your home just as much or more than you do.

In fact, you should not be present at all during a showing. Your presence alone is a distraction to the buyer. When a showing is scheduled, have a plan to leave your home during the showing.

And when it comes to scheduling showing, do your best not to turn down a showing appointment. You may think the buyer will just come at another time, but usually that's no the case. Every appointment you turn down is an opportunity to sell your home. Don't turn down an appointment unless it's absolutely unavoidable.

Keeping a mess

Is your home clean? Ask your agent and follow their advice. This may mean making some real effort to make sure your home is ready to show to buyers in Albuquerque. You may have to hire cleaners, or clean it yourself. Make sure you clean your home to the level it takes to sell. No matter how much effort you put into cleaning your home, it will be worth it when your home sells faster and for more money.

Failing to make repairs

If you are told by a real estate professional to make repairs on your home, do it. Sure, you may not want to shell out a lot of money on a home you won't be living in anymore, but you also have to make your home desirable to home buyers in Albuquerque.

The fact is that most buyers don't want to buy a home with issues. Moving into a new home is hard enough without having to deal with immediate repairs. And if your home needs too many repairs, you may get lower offers. In the end, it's easier for you to take care of any repairs before you put the house up for sale.

There are many things you might do as a seller to get in the way of selling your home. In the end, if you closely follow the advice of your agent, you should do just fine staying out of your own way.

HOT ALBUQUERQUE LISTING OF THE WEEK

Learn More!

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

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Mother's Day is coming up next week! Have you planned the perfect day to spend with mom in Albuquerque? If not, here are some great events coming up that will make this a special day for everyone.

Mother’s Day in Old Town

Sun, May 14, 1 – 5 PM
Old Town, Albuquerque, NM

This free event that celebrates Mom on her special day in Old Town features food, shopping, music and more. Bring the family to Historic Old Town and honor the mom in your life. The Gazebo will be surrounded with Old Town Merchants and have local entertainment from Levi Dean and the Mesa Rats, Fiesta Mexicana, and Son Como Son. Eat, dance, and celebrate Mom!

May Amilonga - Tango at High and Dry Brewing

Sun, May 14, 12 PM
529 Adams St NE, Albuquerque, NM

Celebrate Mother's Day in style with Amilonga and don't miss out on an afternoon of dancing, drinks, food, and laughter. We'll be taking over High and Dry's 15x15 wooden dance floor for some tango fun.

Enjoy delicious food from the Artisan Gourmet Food Truck in their lot and check out High and Dry's drinks menu for a refreshing beverage.

Mother’s Day at the Zoo

Sun, May 14, 3 – 11 AM
903 10th St SW, Albuquerque, NM

All moms will be celebrated during this special day whether they have toes, paws, hooves or claws. Attendees will enjoy music and learn more about how the animals raise their young at the Zoo. There will be yummy snack from one of the stands around the facility or you can have a picnic!

Mother's Day Paint & SIP

Cottonwood Mall, 10000 Coors Bypass NW, Albuquerque

Let's have a FABULOUS time this Mother's Day! Attend to enjoy free glasses from Sheehan winery, follow our paint Instructor Suki from Sargent Art Academy, who will be assisting you to paint our very special Mother's Day flower painting with your loved one, jam to music, take sentimental Mother's Day pictures Infront of our beautifully decorated marquis letters, and take home a memorable painting with our Cottonwood Mall Mother's Day Giveaway Swag Bag.

Have a Happy Mother's Day!

HOT ALBUQUERQUE LISTING OF THE WEEK

Learn More!

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

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When you plan to sell your home in Albuquerque, one thing that can't be overlooked is curb appeal. First impressions are critical when selling a home. If it looks good outside, it will probably look good inside as well, inviting buyers to give it a closer look. What are some easy, sure-fire ways to enhance your home's curb appeal? Here are 6 ideas that you can do yoursef.

Paint Your Front Door

To make a great first impression on potential buyers, start with your front door. Choosing the right front door color can enhance your home's style and completely transform its appearance. Whether you opt for a classic black or charcoal, or a bold hue like bright red or yellow, a fresh coat of paint can refresh your home and make it stand out. Don't overlook the impact of a beautiful front door when it comes to selling your home.

Replace Your Mailbox

If your mailbox is rusty or unstable, it's time to replace it. Choose a color that complements your house and remember to position it 6-8 inches from the curb. Details matter.

Update Street Numbers and Door Hardware

Swapping out old street numbers and upgrading door hardware can have a transformative impact. It only takes 15 minutes and costs around $15. This simple upgrade can make a big difference in the overall appearance of your home.

Give Garage Doors a Lift
 
Garage doors often lack detail and depth, dominating the view from the street. A simple solution is to add temporary or magnetic decorative hardware such as handles, hasps, and faux window panels. These accessories add interest and remain secure. DIY expert Jenna Shaughnessy suggests trying magnetic hinges and handles, available for $14 at homedepot.com. Another option is to paint the garage door to match the siding or opt for a contrasting shade, which can have a huge impact.

This can be a weekend project if you use fast-drying exterior semigloss paint, like Sherwin-Williams SnapDry Door & Trim Paint. ($91, sherwinwilliams.com). Some door finishes may require a coat of primer first; ask at the store if you're not sure. Save this project for mild, dry weather—not humid or rainy—so the paint can dry properly.

Create a Grand Entrance

To enhance your home's curb appeal, consider adding structures such as an arbor, trellis, gate or columns with planters at the beginning of the path to your front door. This will frame your entrance and make it more inviting. A display of hydrangeas can add a fresh and lively touch, creating a welcoming atmosphere that entices visitors to explore.

Do a Thorough Cleaning

Cleaning your home's outdoor living space, like the porch and patio, can also do wonders for your curb appeal. Power-wash or hose down your exterior, driveway, and sidewalk. Sponge down your porch furniture with warm water and a little dish soap.

With just a bit of effort, you home will be ready to hit the Albuquerque market and make a great impression on buyers.

HOT ALBUQUERQUE LISTING OF THE WEEK

Learn More!

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

Get your Morning Inspiration with the Sandi Pressley Team

Whether you're in the market for a mid-priced home packed with features, or a condo in a quiet neighborhood, we have the perfect homes for you. These outstanding homes are ready to move in and are 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.

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3301 Monroe Street NE, Albuquerque, NM 87110

A great home in a great location at a great price! Super cute condo tucked away in a quiet neighborhood yet centrally located right in the heart of the city. Recently refreshed with NEW carpet and paint in neutral tones, new commodes, and new upstairs baseboards. Complete with washer and dryer, this home is move-in ready. TWO primary suites upstairs as each bedroom has its own bathroom, with a guest bath downstairs. Lovely fenced outdoor patio with covered designated parking directly behind. Light and bright with big south-facing windows upstairs and down. HOA covers exterior, roof, front and common area landscaping, and water. Laminate and tile flooring downstairs with extra under-stair storage. Easy living, and your pet can come too!

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.

Here's a fun fact: Albuquerque is one of the oldest cities in America. Even though it was founded in 1706, the Native Americans called this place home for thousands of years. How do we know? Because the Albuquerque area is filled with amazing carvings and relics of the past, such as the ancient rock carvings at Petroglyph National Monument.

Yet it's not only the distant past that makes Albuquerque so interesting. You can see the more recent past as well displayed in the vintage neon signs along Route 66, or the historic Old Town Plaza.

How can explore the rich history of Albuquerque for yourself? There are plenty of ways to discover the distant and recent past of the area through the landmarks and historic sites of the area. Here's a few of the best historic sites in Albuquerque to take you on your own personal journey back in time.

New Mexico Steam Locomotive and Railroad Historical Society

This is a working restoration operation staffed with skilled volunteer welders, pipe-fitters, mechanics and many other trades. Free tours are available to visitors on Wednesdays and Saturdays.

Petroglyph National Monument

Petroglyph National Monument stretches 17 miles (27 km) along Albuquerque, New Mexico's West Mesa, a volcanic basalt escarpment that dominates the city's western horizon. Authorized June 27, 1990, the 7,236 acre (29.28 km2) monument is cooperatively managed by the National Park Service and the City of Albuquerque. The western boundary of the monument features a chain of dormant fissure volcanoes. Beginning in the northwest corner, Butte volcano is followed to its south by Bond, Vulcan, Black and JA volcanoes.

Albuquerque Old Town

Old Town is the historic original town site of Albuquerque, New Mexico, for the provincial kingdom of Santa Fe de Nuevo México, established in 1706 by New Mexico governor Francisco Cuervo y Valdés. It is listed on the New Mexico State Register of Cultural Properties as the Old Albuquerque Historic District, and is protected by a special historic zoning designation by the city. The present-day district contains about ten blocks of historic adobe buildings surrounding Old Town Plaza. On the plaza's north side stands San Felipe de Neri Church, a Spanish colonial church constructed in 1793.

Trinity Site

The exact spot where the first atomic bomb was detonated. Trinity was the code name of the first detonation of a nuclear weapon. It was conducted by the United States Army at 5:29 a.m. on July 16, 1945, as part of the Manhattan Project. The test was conducted in the Jornada del Muerto desert about 35 miles (56 km) southeast of Socorro, New Mexico, on what was then the Alamogordo Bombing and Gunnery Range, now part of White Sands Missile Range.

Gutierrez Hubbell House

The Gutierrez-Hubbell House is a cultural and agricultural learning center developed to document, research and preserve history, maintain open spaces, protect wildlife and teach agricultural heritage.

HOT ALBUQUERQUE LISTING OF THE WEEK

Learn More!

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

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

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

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

The Role of a Mortgage Lender

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

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

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

What Is a Mortgage Servicer?

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

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

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

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

Finding the Servicer on Your Mortgage

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

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

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

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

HOT ALBUQUERQUE LISTING OF THE WEEK

Learn More!

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

Get your Morning Inspiration with the Sandi Pressley Team