Real Estate Information

Homes are selling fast in Albuquerque, so we're excited to bring you these latest HOT listings! But there's no time to waste, so make sure you arrange to see these fabulous homes in person.

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.

6320 BOBCAT HILL Place NE, Albuquerque, NM 87111

Highly sought after gated community in High Desert. situated on a PREMIUM VIEW LOT! Plus, take in the mountain views from the Wall of Windows in the great room, featuring soaring ceilings, a beautiful fireplace with built-in's and adjoining dining room. Owner's suite is on main level. Bright, sunny eat in Kitchen with breakfast nook, granite counter tops and Stainless Steel appliances. Spacious loft/office plus two bright and light bedrooms upstairs plus full bath. Loft could be a 4th bedroom if you enclosed it. New TPO roof in 2020; new hot water heater-60 gallon tank in 2018; new furnace & refrigerated air 2018 with high ratings for its efficiency; new carpet 2019; and so much more! View decks/balconies to take in the breathtaking city & sunset views! Near amazing hiking and biking trail

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8535 OLD COTTONWOOD Avenue SW, Albuquerque, NM 87121

ACROSS FROM THE PARK!! 4BDR/3BA/2CG featuring 3 living areas; family room, living room and loft/rec area! Beautifully updated with tile flooring & tile surround at gas fireplace, interior paint, SOLAR system! Light, bright floor plan features an open kitchen with island, bkfst bar, gas stove, built-in micro, pantry, sunny bkfst nook open to the large living room with gas fireplace! Master suite features a walk-in closet, sep shower & garden tub. Huge loft can be used as rec room/playroom/office! Sep utility room! Beautiful backyard has open patio, easy care rock landscape and is walled for privacy. Great location across from the park, close to shopping restaurants and easy access to I-40!

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 you’ve been in the market to buy a home in Albuquerque, you’ve no doubt come across the concept of cash buying. Usually, it’s a tactic meant to sweeten the deal. But there are, as always, pros and cons of buying a home with cash.

It’s Less Common

Not as many home buyers are buying with cash these days. It’s just not as possible for most people with median home prices at around $300,000. According to the National Association of Realtors, around 87% of home buyers used financing when purchasing a home.

Buying with cash doesn’t mean you’re showing up to the closing with a briefcase full of cash. It just means you’re not using financing. You might pay for the home with savings, selling another property, or investments.

The Pros of Paying Cash

Paying with cash has some great benefits, such as:

• With stiff competition in the home buying market in Albuquerque, you’ll be more attractive to sellers. When it comes down to bidding wars, the cash offer will give you an edge over other buyers. Financing can fall through and delay the sale. Cash transactions usually close faster.
• You don’t have to deal with mortgage payments and the added cost of interest.
• Lower closing costs because you don’t have to pay lender and loan originating fees.
• Faster closing.
• The home is yours. You won’t fear losing it if you can’t make the mortgage payments.

The Downsides of Paying Cash

There are a few cons of paying cash for a home that you do have to think about as well.

• If you use all your money to buy the home, you won’t have access to it later if needed.
• There may be better ways to invest your money than to put it all in a home.
• You won’t be able to claim mortgage tax deductions, which allow you to deduct the interest on the first $750,000 of your mortgage.

If you’re still wondering if buying a home with cash is a good idea for your situation, talk to a financial professional. They can go over your finances to help you decide what the best course of action is. And of course, we can also help you weigh the pros and cons as well to fit your specific real estate needs.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

4501 ATHERTON Way NW, Albuquerque, NM 87120

Exquisite custom Tuscan home-in the gated community of Oxbow North. Impeccable hand crafted cabinetry throughout, travertine tile with inlay, gourmet kitchen with Wolf Appliances and Sub-Zero Refrigerator. Commercial grade radiant heating system (plus central forced air).Two master suites, 3 custom fireplaces, tiled balcony with breathtaking views of the city and mountains. Surround sound in great room and loft area, 4 car tandem garage..and so much more. Enjoy your next memorable home.

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.

During the current Coronavirus outbreak, one of the only islands you're likely to see is the island in your Albuquerque kitchen, so why not make that island great?

You might be dreaming of having a kitchen island that is spacious and functional. Therefore, if you're planning to design an island or just playing around with the idea in your mind, the following tips can be of use.

Which Appliances Should Be in Your Island?

It's probably a good idea to put at least a few of the more functional items in your kitchen island. Besides saving space, it also makes things easier as you design the rest of the kitchen. 

A sink on the island is probably a good place to start. While it isn't exactly an appliance, you certainly use it all the time when you're in the kitchen. Your island should have a sink if you plan to prepare a lot of food there. 

Having your sink next to your dishwasher is a good idea, so you might want to include your dishwasher in your island. An island should have a wine or beverage cooler as well as a microwave. Pull-out refrigerator drawers are also available on some islands. 

It's possible to add your cooktop to your island, but you'll need to consider venting, so some people prefer not to do that.

How Much Storage Do You Want?

Once you know what appliances will go in your island, you can start thinking about storage. You should at least have a few pull-out drawers in an island that will be used for food preparation, as well as a place to store cutting boards.

Counter Height

Consider who will sit at the counter and how they will sit when deciding the counter height. If you intend to have barstools, they will probably be 36 or 42 inches tall. A two-level island can also be designed. One level might be higher for barstools, and the other might be lower so you can do prep.

If you have a 36-inch bar, it’s seating that’s somewhere between a typical barstool and a table.

Island Size

You need to think about not only what you want the island to achieve, but also the surrounding open space when choosing its size. The ends of the island should have at least three feet of floor space. At least 42 inches of space should be available on the sides for working and seating.

Usually, three feet is the ideal width for an island if you have enough room. When designing an island, proportion is crucial. Making sure that it flows well with the rest of your kitchen is important.

Once all the basic elements have been covered, you can move on to the fun parts. Which countertop material should you use, for instance? An island with a waterfall countertop, with stone or another solid surface cascading seamlessly from one end to the other, can be very beautiful. 

Consider lighting as well. You can make a statement above your island with pendant lights. When you have an open-concept layout, the design of your island is even more important since it is likely to be the focal point of your entire living space. Make it practical, but also fun.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

7509 MCNERNEY Avenue NE, Albuquerque, NM 87110

Wonderful Mossman home in the desirable Uptown area. Beautiful refinished original hardwood floors. Renovated kitchen, with satin finished granite countertops, ample cabinets and island. Two open living spaces, a generous sized dining room, 3 bedrooms. Both bathrooms have been updated. Separate laundry room. Designer Paint colors throughout the home. oversized 2 car garage, room for storage or workshop. Large backyard. Refrigerated Air. Roof replaced in 10/2020. This home is a true Gem.

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.

When you get a mortgage to buy a home in Albuquerque, you are taking out a long-term loan. Mortgages are used to finance the purchase of a home. As well as repaying your principal, you make interest payments to your lender. Your house and land serve as collateral for the loan. A mortgage consists of two basic components: principal and interest. The following sections describe what they are and how they impact you as a borrower.

What is a Principal Payment?

As a borrower, you will initially borrow a certain amount of money, which is called the principal. You calculate your principal by subtracting the final selling price of your home from your down payment. Your budget and how much home you can afford are determined largely by your principal. 

As soon as you borrow money, interest begins to accrue. Mortgages are typically paid in monthly installments over a 15- or 30-year period. The outstanding principal on your mortgage refers to how much you still owe.

Interest on a Mortgage

Mortgages don't just require you to pay the principal each month. You also pay interest. A lender charges you interest to let you borrow money. The interest rate is determined by a percentage. The money you pay each month goes toward your principal and interest, and the two are combined into a single payment to your lender.

Does Your Mortgage Principal Change?

With most home loans, your monthly payments don't change despite paying down your principal over time. However, you will end up paying less interest over time. 3% of a smaller remaining principal, for example, is going to cost you less than 3% of your entire principal when your loan is processed. Even though your payments remain the same, you're putting more toward your principal. 

Payment changes could occur on rare occasions. Getting an adjustable-rate mortgage is one example. Home loans come in two varieties. The first is adjustable-rate and the second is fixed-rate. Your interest rate will remain the same throughout the term of your loan if you take out a fixed-rate loan. A variable-rate mortgage has periodic rate changes. If the rate goes up, so do your monthly payments.

After you get enough equity in your home, your lender will cancel your private mortgage insurance, so your payment may change.

Refinancing means replacing your old mortgage with a new one. Therefore, you'll have a new interest rate, monthly payment, and term length on the new one. When you refinance, your principal could change, but it doesn't have to.

Last but not least, you can pay more toward your mortgage than the minimum. You can either make a monthly payment or a lump sum payment. When you make extra payments, you reduce your principal, so you can pay less in interest every month.

When you reduce how much you pay in interest, you get lower monthly payments.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

7509 MCNERNEY Avenue NE, Albuquerque, NM 87110

Wonderful Mossman home in the desirable Uptown area. Beautiful refinished original hardwood floors. Renovated kitchen, with satin finished granite countertops, ample cabinets and island. Two open living spaces, a generous sized dining room, 3 bedrooms. Both bathrooms have been updated. Separate laundry room. Designer Paint colors throughout the home. oversized 2 car garage, room for storage or workshop. Large backyard. Refrigerated Air. Roof replaced in 10/2020. This home is a true Gem.

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.

When homes like this hit the market in Albuquerque, there's no time to waste! These hot listings are prices to sell fast, so make sure you act now to get into the ideal home for your family in Albuquerque.

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.

515 IRON Avenue SW, Albuquerque, NM 87102

PRIME DOWNTOWN LOCATION READY FOR AN INVESTOR'S TLC....SOLD AS-IS....PRICED TO MOVE. HOME WAS SEPARATED INTO 2 UNITS, BUT COULD EASILY BE MADE BACK INTO ONE. INTERIOR DOOR SEPARATES FRONT UNIT FROM BACK UNIT. ALL OFFERS TO BE REVIEWED SATURDAY AT 5 PM

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545 PINON CREEK Road SE, Albuquerque, NM 87123

Views! Views! Views! Enjoy the views & wildlife all around in this natural setting nestled in the foothills!! Open floor plan with lots of natural light! Two balconies & front porch deck!! New roof in 2021! 3 new patio doors in 2021! 2BDR/2BA/2CG plus approx 1033 sf of unfinished bonus storage area on lower level. Large foyer! Skylights! Living/dining room features raised ceilings, clerestory windows, fireplace & balcony with views! Master suite features a fireplace, dual sink vanity, sep shower & sep tub, & balcony with views! Make your own updates with your style in this light, bright & open townhome! Great location close to foothill trails, shopping, parks, easy access to I-40 to KAFB, Sandia Labs, airport, 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.

Just becasue the holidays are over doesn't mean the fun times have to be. There's always something going on in Albuquerque! Why not start off the new year with one of these exciting events coming soon.

Albuquerque Comic Con

Fri, Jan 14, 3 PM – Sun, Jan 16, 5 PM
Albuquerque Convention Center
401 2nd St NW, Albuquerque, NM

The Albuquerque Comic Con will be held on January 14-16, 2022, at the Albuquerque Convention Center, located at 402 2nd Street NW in Albuquerque, New Mexico.

Celebrity guests include Michael Pare (Eddie and the Cruisers), Maile Flanagan and Maurice LaMarche (Naruto), Bai Ling (Crank: High Voltage), Alan Ritchson (Titans), Sam Jones III (Smallville), Ellyn Stern (Bleach), Austin St. John and Johnny Yong Bosch (Power Rangers), Rob Paulsen (Teenage Mutant Ninja Turtles), Naomi Grossman (American Horror Story), and several others.

Macbeth

Sun, Mar 20, 3 – 8 PM
Popejoy Hall
203 Cornell Dr, Albuquerque, NM

The Tragedy of Macbeth begins on a deserted, mist-covered moor, as a battle-weary warrior encounters three witches who deliver a chilling prophecy: he will be crowned king. Macbeth immediately gains a new title one step removed from the throne. Armed now with a growing ambition, further fueled by his wife, Macbeth’s lust for a power ultimately consumes him. He and Lady Macbeth succumb to paranoid visions, terrifying phantoms, and fragmenting sanity. Aquila Theatre breathes new life and vigorous dramatic fire into this wickedly famous work.

Hamilton

Thu, Jan 27, 7:30 PM – Sun, Jan 30, 10:30 AM
Popejoy Hall
203 Cornell Dr, Albuquerque, NM

HAMILTON is the story of America then, told by America now. Featuring a score that blends hip-hop, jazz, R&B, and Broadway, HAMILTON has taken the story of American founding father Alexander HAMILTON and created a revolutionary moment in theatre—a musical that has had a profound impact on culture, politics, and education.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

Palm Road NE, Rio Rancho, NM 87144

Sweeping Views of the Sandia Mountains, ready to build your custom home.

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.

You are no doubt going to have a number of showings to potential buyers when you sell your home in Albuquerque. Unfortunately, this can lead to a lack of security for your possessions. It’s not uncommon for thieves to take advantage of home showings and open houses in order to get their hands on valuables.

Here are some tips to keep your home and valuables safe.

Get a few cameras

You can buy a few cheap cameras and install them in plain sight throughout your home. This way, you will be able to identify theft if it does occur. The obvious place to put these is at the front door to the home, as well as in places like the bedroom closet and the home office, where thieves tend to hide. If you don’t have the budget for a security system, you can even place some dummy cameras around the house, which can be bought at many dollar stores.

Remove temptations

Your stuff will be much harder for thieves to steal if they don't have easy access to it. It is a good idea to remove high-value items when strangers are going to be around, even if you cannot get rid of everything of value (TVs can stay). Therefore, jewellery, expensive collectibles, or important documents should not be left lying around. Be sure not to leave bank statements or any other financial information out, and make sure important items like passports and keys are not visible. Don’t hide anything in your top dresser drawer (a go-to spot for thieves).

Watch the medicine

Another important step is to examine medicine cabinets. Thieves have been known to target open houses to find prescription drugs.

Watch the kids

You can’t stop people from bringing their kids to open houses (nor would you want to if you’re in a family area), but that doesn’t mean you have to be thrilled about them traipsing through your house. Children who are unsupervised will probably touch items, especially if toys are accessible. Keeping access to toys or games limited will help, as will putting out a toy or game specifically for the purpose of attracting little hands.

Make sure you’re insured

As a precaution, it's wise to check with your insurance agent to make sure you're covered should something happen during an open house or showing. Working from room to room and taking pictures can help you provide documentation should you need it.

Showing your home to buyers in Albuquerque is a necessary part of the process of selling your home. But with some common sense and preparation, you can make the experience safer for all involved.

HOT ALBUQUERQUE PROPERTY OF THE WEEK!

Palm Road NE, Rio Rancho, NM 87144

Sweeping Views of the Sandia Mountains, ready to build your custom home.

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.

There is no one way to buy a house, and everyone experiences it differently. One element of buying a home in Albuquerque may be challenging for you while another element may be more challenging for another. In general, a lot of people say the following things are the most challenging when buying a house.

Home Price

Since the pandemic, home prices have risen sharply. Even after they've been able to purchase a property, homeowners say the most challenging aspect of the process was the price.

There are major bidding wars going on, particularly for starter homes, as well as for properties in all price ranges. There is a limited number of homes on the market, people are afraid to sell because they aren't sure if they'll find something else to buy, and mortgage rates are at record lows. All of these factors can make it feel impossible to buy a home.

The Paperwork

One of the most challenging parts of buying a home is the paperwork, although how difficult this is depends on your job and financial situation as well as the type of loan you're applying for.

Self-employed people may have a harder time with paperwork and the loan process itself. Just to get started, you'll need to show several years of tax returns and bank statements. During the waiting period before the loan is finalized, you may feel a lot of anxiety. Loans are usually not finalized until just before closing. You have to wait in limbo until the last moment, and you may not have a clear idea of what’s happening with it during this time of uncertainty. 

The Emotions

Before you start the process, you may not realize how emotionally draining buying a home can be. For example, you might fall in love with a house that's way out of your budget and end up overspending. When you work with an experienced realtor like Sandi Pressley, they can help you stay objective so you don't put yourself in a precarious financial situation. 

It’s easy to start to feel overwhelmed and discouraged when you lose out on a house as well.

During the home-buying process, you should learn how to manage your expectations. You have to prioritize the most important things and be ready to walk away if something like a bad inspection happens.

Saving for a Down Payment

One of the biggest hurdles to buying a home is the down payment, which is determined by the cost of the home. When you're already paying rent, it can be incredibly challenging to save for a significant down payment.

Agreeing

If you're buying your first home with your partner, deciding might be the toughest part.

You may have a completely different idea of what the ideal home is than they do. You may fall in love with something that your partner flatly rejects. It can be challenging, but you can void some of these pitfalls by having in-depth discussions about what you both want early on.

A real estate agent can assist you with many other aspects of buying a home; their job is to make things easier on you and provide their expertise to an otherwise stressful process. You can count on Sandi Pressley and her experienced team to make the home buying process as easy and stress-free as possible.

"It is never too late to be what you might have been."

The Sandi Pressley Team would like to wish all of our family, friends, and clients the very best in the coming year. 2022 is a time for new beginnings. Here are a few goals to help you start the new year right.

• Exercise more
• Lose weight
• Get organized
• Learn a new skill or hobby
• Live life to the fullest
• Save more money / spend less money
• Quit smoking
• Spend more time with family and friends
• Travel more
• Read more

Here's to making 2022 the best year ever!

Happy New Year!

It's hard to believe another year has come and gone. But now it's time to welcome the new year 2022 in Albuquerque! Here are some New Year Celebrations in Albuquerque the whole family can enjoy.

New Year's Eve Before Dark

Friday, December 31, 2021 | 10 a.m.-2 p.m.
Albuquerque Museum
2000 Mountain Rd NW, Albuquerque, NM

Celebrate New Year’s Eve with the entire family at Albuquerque Museum! Create a new-year-inspired artwork. Tour the Museum galleries. Free admission.

New Year's Eve Masquerade

Crowne Plaza Albuquerque, an IHG Hotel
1901 University Blvd NE, Albuquerque, NM

The biggest party in town will be the “new year's eve masquerade” at crowne plaza. Celebrate in style with a champagne toast, party favors, balloon drop at midnight, and make memories in the photo booth. Dance all night with music from dj big worm; plus you could win a trip to vegas or thousands in prizes.

New Year’s Eve Before Dark at the Balloon Museum!

Anderson Abruzzo Albuquerque International Balloon Museum
9201 Balloon Museum Dr NE, Albuquerque, NM

Celebrate New Year’s Eve Before Dark at the Balloon Museum - a great venue and opportunity for families to celebrate the New Year at a fun and safe learning environment! Visitors can explore the Balloon Museum; learn about the history, science, sport, and art of ballooning; receive prizes and take fun photos together!

Visitors can participate in a scavenger hunt to get to know the various exhibitions at the Balloon Museum. When completed, visitors can turn in the Scavenger Hunt to receive a prize.

"Noon" Years Eve Party

Fri, Dec 31, 11 AM – 12 PM MST
Erna Fergusson Public Library
3700 San Mateo Blvd NE, Albuquerque, NM