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The Difference Between Preapproval and Prequalification

Friday, September 3, 2021
by Sandi Pressley

Buying a home in Albuquerque brings you in contact with two terms, both related to getting a loan. Mortgage prequalification and preapproval are two methods. They may seem interchangeable, but they are actually quite different.

It's crucial for you to understand these terms so that you'll know what you can afford when looking for a home, and so that you'll demonstrate to a seller that you're serious.

Prequalification and preapproval are both steps to getting a mortgage, but if you have preapproval, you may not need a prequalification.

What is Prequalification?

Prequalification involves providing a lender with personal financial information. The goal is to help provide you an estimate of how much you can afford when you’re buying a home.

Prequalification information is usually self-reported. Your credit report is usually not verified during this process. You don't have to ding your credit report with a hard pull to get prequalified.

The prequalification letter shows you can afford the property. Having it will be helpful to your agent and sellers, but not quite as much as a preapproval.

What is Preapproval?

When it comes to buying a home, a preapproval carries a lot of weight. In order to get preapproved, you submit your finances and the lender verifies the information you provide by checking your credit report, your job and income, and your assets and liabilities.

When applying for a preapproval, you'll need details like your total monthly expenses, your W2s and pay stubs, and perhaps a copy of your mortgage statement if you own an existing home.

You receive a preapproval letter after submitting all the necessary documents. A lender will use this letter to explain how much you're approved for, along with types of loans they will give you and their terms.

Preapproval serves as an offer by the lender to you, which applies for a limited period of time. For example, you might have 90 days to buy a home based on your preapproval.

How Do You Get a Mortgage Preapproval?

To obtain a mortgage preapproval, follow these steps:

  • Get your own credit score. The higher the score, the better. A score of at least 740 is ideal for the best offers.
  • Check your credit report for errors and have any corrected.
  • Calculate your debt-to-income ratio. To buy a home, you should aim to have a ratio of 36% or less. Your DTI is a ratio of your gross monthly income that goes toward paying debt.
  • Gather the documents you’re likely to need to submit, such as your tax forms, employment details, and banking and account information. If you’re self-employed anticipate showing at least two years of income tax returns.

Finally, make sure to shop around for the best offer from lenders. This will help you find the lender that’s right for you so you increase your chances of getting approved, but also so that you can save money on interest with better terms. 

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.

 

HOT HOME LISTING OF THE WEEK!

7416 Blue Holly Court NE, Albuquerque, NM 87113  $695,000

4 Bedrooms / 4 Bathrooms (4 full, 0 half) / 3520 Square Feet

Beautiful family home in La Cueva and North Star distrist. Floorplan features 4 bedrooms and 3 full baths, formal dining, breakfast nook, plus large bonus/game room with wine cooler and loft. Kitchen updated with granite countertops, island, double oven and pantry. Romantic mastersuite with gas fireplace, separate tub and large walk in closest. Tons of out door spaces includes a courtyard, two covered balconies, a covered patio and private parklike backyard with Gazebo that already has water and electric. Mountain views and located on a cul da sac finish out this lovely home.

Contact the Sandi Pressley team for additional details! 

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How to Decide to Pay Off Your Home in Albuquerque or Invest

Thursday, June 13, 2019
by Sandi Pressley

Looking for something to do with extra cash? If you own a home in Albuquerque, you could pay off your mortgage. Or you could invest your money in something else. Which option is better?

There's been no shortage of debate on this matter, with great arguments on either side. But in the end, it's a decision that will have a huge impact on your finances.

Which way should you go?

You need to consider these variables:

  • Your home’s current market value
  • Your mortgage interest rate
  • Home appreciation in your area
  • Your income tax rate
  • Expectations for inflation
  • An assumed rate of investment return

A certified financial planner named Justin Goodbread analyzed these variables by sung national averages in order to compare various scenarios between investing and paying off a mortgage.

As it turned out, the math favored investing. But the math isn’t the only thing you should consider. It also depends on your own situation. Goodbread offered two rules of thumb to decide:

You should pay off your mortgage early if you’re a conservative investor, in a low tax bracket with a high mortgage interest rate.

And you should invest if you’re a more aggressive investor, in a high tax bracket with a low, 30-year, fixed mortgage interest rate, and if you’re younger than 50.

What are some reasons to keep your mortgage?

  • Maintaining liquidity.  Paying off a mortgage will leave you without a cash cushion in an emergency.
  • Your home’s value isn’t affected by a mortgage.  The value of your home will increase over time. But this will not affect how much you owe on your mortgage.
  • Mortgage interest is inexpensive. Your mortgage is secured by your home’s value, and this keeps interest rates much cheaper than credit cards and personal loans. Even better, the interest is tax deductible.

Of course, in the end, the choice of investing vs paying off your mortgage is one you should make carefully.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

17 Juniper Hill Loop NE, Albuquerque, NM 87122  $579,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2770 Square Feet

Heaven in Sandia Heights! Views! Serene, light filled sanctuary, within this spectacular custom built home by Kjell Slaan. This spacious home has soaring ceilings, light filled rooms, walls of windows with magnificent Mountain and city views. Pride of Ownership. Two living areas w/Fireplaces. Nice sized kitchen with breakfast nook, ample cabinet space, island w/cooktop, flows into dining room. Three generous bedrooms. More views from Master suite. Wonderful outdoor entertaining spaces. Membrane roof/2015. Septic ASU advance treatment/2006. Newer Windows. One owner GEM. Nature brings serenity to this home with the Vibrant New Mexico sky. Discover the wildlife such as deer, rabbits, eagles, hummingbirds, & squirrels. Close to shopping, restaurants, trails, mountain biking, tram, I25.
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Heaven in Sandia Heights! Views! Serene, light filled sanctuary, within this spectacular custom built home by Kjell Slaan. This spacious home has soaring ceilings, light filled rooms, walls of windows with magnificent Mountain and city views. Pride of Ownership. Two living areas w/Fireplaces. Nice sized kitchen with breakfast nook, ample cabinet space, island w/cooktop, flows into dining room. Three generous bedrooms. More views from Master suite. Wonderful outdoor entertaining spaces. Membrane roof/2015. Septic ASU advance treatment/2006. Newer Windows. One owner GEM. Nature brings serenity to this home with the Vibrant New Mexico sky. Discover the wildlife such as deer, rabbits, eagles, hummingbirds, & squirrels. Close to shopping, restaurants, trails, mountain biking, tram, I25.

 

Contact the Sandi Pressley team for additional details! 

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Should You Pay Off Your Mortgage or Invest?

Tuesday, May 21, 2019
by Sandi Pressley

If you have some extra cash on hand, what do you do with it? If you plan to make that money work for you, perhaps you've thought about investing or paying off your mortgage.

Which choice yeilds the best return? This has certainly been a heated debate, with passionate responses on both sides of the question.  Either way, it’s a decision that can have serious consequences financially.

Which way should you go?

You need to consider these variables:

  • Your home’s current market value
  • Your mortgage interest rate
  • Home appreciation in your area
  • Your income tax rate
  • Expectations for inflation
  • An assumed rate of investment return

Justin Goodbread, a certified financial planner, analyzed these variables, using national averages for these parameters to compare various scenarios between investing and paying off a mortgage.

As it turned out, the math favored investing. But the math isn’t the only thing you should consider. It also depends on your own situation. Goodbread offered two rules of thumb to decide:

You should pay off your mortgage early if you’re a conservative investor, in a low tax bracket with a high mortgage interest rate.

And you should invest if you’re a more aggressive investor, in a high tax bracket with a low, 30-year, fixed mortgage interest rate, and if you’re younger than 50.

What are some reasons to keep your mortgage?

  • Maintaining liquidity.  Paying off a mortgage will leave you without a cash cushion in an emergency.
  • Your home’s value isn’t affected by a mortgage.  The value of your home will increase over time. But this will not affect how much you owe on your mortgage.
  • Mortgage interest is inexpensive. Your mortgage is secured by your home’s value, and this keeps interest rates much cheaper than credit cards and personal loans. Even better, the interest is tax deductible.

Of course, in the end, the choice of investing vs paying off your mortgage is one you should make carefully. Join us every week for more real estate advice and local Albuquerque articles.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

5000 College Heights Drive NW, Albuquerque, NM 8712  $425,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2850 Square Feet

Casual elegance abounds in this beautiful custom home with private courtyard & dramatic functional floor plan featuring 4BDR/2.5BA/3CG! Oversized great room features coffered ceiling, tile flooring, gas fireplace, 8ft stacking patio doors that open up to the amazing outdoor living space w/wood fireplace & covered patio to entertain or relax & enjoy the best of New Mexico weather! Gourmet kitchen features granite countertops, gas cooktop, pot filler, built-in oven, bkfst bar, pantry, island! REFRIG AIR, central vac, skylights, RV Pad! Incredible mst suite on its own wing featuring backyard patio access, jetted tub, sep shower, built-in cabinets in walk-in closet. Beautifully landscaped & walled for privacy. Close to shopping, parks, Bosque trails, easy access across town Montano, I40!

Contact the Sandi Pressley team for additional details! 

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Tips to Determine How Much Mortgage You Can Afford For Your Home in Albuquerque

Tuesday, March 19, 2019
by Sandi Pressley

Buying a home in Albuquerque should be an investment that gives you safety and security, along with financial security. Before you buy a home in Albuquerque, you should make sure you can afford the mortgage and that it fits in your budget.

Prepare a Detailed Budget

The standard rule of thumb says that you can afford a home that costs 2 to 3 times your gross income for one year. In other words, if you earn $100,000 in a year, you should be able to afford a home between $200k to $300k.

There is one problem with this rule. It doesn't factor in your monthly expenses and debts. If we use our previous example of $100k per year income, and you have $1000 monthly debt payments, this leaves you with less money to pay the mortgage.

You should prepare a family budget that takes into account your ongoing monthly bills for everything — credit cards, car and student loans, lunch at work, day care, date night, vacations, and savings.

Now you can see what's left to cover the costs of owning a home, such as your mortgage, property taxes, insurance, maintenance, utilities, and community association fees, if applicable.

Factor in Your Down Payment

Having enough for a down payment is also an important factor to consider. It's simple: the higher the down payment, the lower your monthly mortgage costs will be. If you put down at least 20% of the home’s cost, you may not have to get private mortgage insurance, which protects the lender if you default and costs hundreds each month. That leaves more money for your mortgage payment.

The lower your down payment, the higher the loan amount you’ll need to qualify for and the higher your monthly mortgage payment.

But, if interest rates and/or home prices are rising and you wait to buy until you accumulate a bigger down payment, you may end up paying more for your home.

Consider Your Overall Debt

Lenders generally follow the 43% rule. Your monthly mortgage payments covering your home loan principal, interest, taxes and insurance, plus all your other bills, like car loans, utilities, and credit cards, shouldn’t exceed 43% of your gross annual income.

Here’s an example of how the 43% calculation works for a home buyer making $100,000 a year before taxes:

  1. Your gross annual income is $100,000.
  2. Multiply $100,000 by 43% to get $43,000 in annual income.
  3. Divide $43,000 by 12 months to convert the annual 43% limit into a monthly upper limit of $3,583.
  4. All your monthly bills including your potential mortgage can’t go above $3,583 per month.

You might find a lender willing to give you a mortgage with a payment that goes above the 43% line, but consider carefully before you take it.

Use Your Rent as a Mortgage Guide

If you currently are renting, then you can use an online calculator to compare the costs of renting vs owning a home to see which makes the most sense for your financial situation.

If you’re struggling to keep up with your rent, buy a home that will give you the same payment rather than going up to a higher monthly payment. You’ll have additional costs for home ownership that your landlord now covers, like property taxes and repairs. If there’s no room in your budget for those extras, you could become financially stressed.

Also consider whether or not you’ll itemize your deductions. If you take the standard deduction, you can’t also deduct mortgage interest payments. Talking to a tax adviser, or using a tax software program to do a “what if” tax return, can help you see your tax situation more clearly.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

7904 Charger Trail NE, Albuquerque, NM 87109  $375,000

4 Bedrooms / 3 Bathrooms (1 full, 2 half) / 2828 Square Feet

NEW ROOF! (2018) NEWER CARPET & PAINT! (2017) Single story 4BDR/3BA/2G with TWO LIVING AREAS, formal dining, oversized eat-in kitchen plus sunroom! .25 ACRE LOT! REFRIGERATED AIR! Skylights! Wet bar and wood burning fireplace in the oversized family room! Large secondary bedrooms, walk-in closets! Master bath has updated wood tile flooring, double sink vanity and sep vanity! Spacious eat-in kitchen features lots of cabinets, newer oven and dishwasher (2017 & 2018). Beautifully landscaped yard with mature trees, grass and shrubs! Conveniently located in Academy Estates neighborhood, close to shopping, Whole Foods, Trader Joe's, Alb Academy, parks, schools & restaurants! Sandia High School district!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

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Everything to Know About the Pre-Approval Process in Albuquerque

Tuesday, February 19, 2019
by Sandi Pressley

No doubt, you've already hear about being "pre-approved" if you're planning on buying a home in Albuquerque. Yet many people don't fully understand the process.

What is Pre-Approval?

In short, being pre-approved for a mortgage means that the lender decides if you're eligible for a loan and how much you can borrow. This decision is based on your finances and credit rating.

Why Do I Need to Get Pre-Approved?

Being pre-approved is necessary for a number of reasons. It gives you clearer picture of how much money you need to complete the buying process. The more you put down, the lower your monthly payments will be. You will also get a better idea of how much you can afford for the total price of the home.

Many people make the mistake of thinking that the loan product that a friend used will work the same for them. Even though that's a possibility, it's not safe to assume so. No two loans are alike, just as no two lives and circumstances are alike.

Loan products also have different costs, such as varying lender origination fees. Your loan officer can work with your to learn the costs of a loan and how the loan process works.  This will give you a good idea of what costs to expect.

Knowing these things will make you more comfortable when deciding on a home to buy. It also shows sellers that you're serious about making an offer, giving you an edge over buyers who haven't been pre-approved.

Getting Pre-Approved is Easy

Pre-approval is an easy process, so there's no reason not to do it. You just need to know how much money you make, assets, and debts.

What Will My Lender Need to Check During Pre-Approval?

  • Your credit score. Yes, your lender will then have to pull your credit. Don’t worry, pulling your score once shouldn’t affect your score. 
  • W2s or 1099s
  • Pay stubs
  • Tax returns
  • Bank statements
  • Account statements
  • Your list of monthly expenses

Gathering all these documents can feel like busy work and is typically the hardest part for you. 

If you want to have an idea of whether you’ll get pre-approved before choosing a lender, a good first step is finding out your debt-to-income ratio, or DTI. Your DTI ratio helps a lender understand how much of your monthly income goes to paying debt and what you have left after those debts are paid. You can calculate the ratio by dividing monthly debt payments by gross monthly income.

The lower your debt-to-income ratio is, the better. A lower DTI will make you seem less risky to lenders.

Although each loan product is different, most lenders would prefer your debt-to-income ratio to be at 36% or lower.

Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1120 Edith Boulevard SE, Albuquerque, NM 87102   $202,000

$499,000

 

3 Bedrooms / 2 Bathrooms (1 full, 1 partial) / 1413 Square Feet

Welcome this one story Hip cottage, bungalow style, built 1908 in the urban South Broadway Neighborhood. Home features 2 covered porches, historic front faces west and east facing back. Over sized lot for the area, and entire property is fenced. Original wood floors. Home offers 3 bedrooms, and 2 baths. 3rd bedroom currently being used as an office. Newer updates include, ROOF, windows, evaporative cooler. This home is not to be missed!

Contact the Sandi Pressley team for additional details! 

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A New Trend to Help First Time Home Buyers

Friday, August 24, 2018
by Sandi Pressley

 

Are you a first time buyer in Dallas/Fort Worth looking for help saving enough for a down payment? You're not the only one. The struggle is real, as they say. But there's been a new trend of young buyers using creative ways to save enough money.  One way is through crowd sourcing, and it's a great and safe way to let friends and relatives help save for this important purchase.
How does it work? Let's say that when a young couple gets married, they invite the wedding gusts to forgo the traditional gift giving and instead contribute to a “Down Payment Fund." Most of the time a newly wed couple already has the items they need for a new home, as they have their own furniture and home items living separately, or together. Now all they need is the perfect present - a new home.
When you break down the math, it makes it even more clear why this is such a great idea. If you have a wedding and invite abut 120 guests who all give gifts of about $186 (the average price), then you would get over $22,000 for your down payment! That would cover a 105 down payment on a $220,000 starter home. Of course this is just an example, and real world result certainly vary.  But it shows how much this can help a new couple on their way to buying their first home.
Services are already in place to make this all happen, such as a company called HomeFundMe. Friends and family can easily and safely contribute to the fund.  Plus the ones contributing can decide if their gift is  ‘conditional’ or ‘non-conditional’ on the beneficiary buying a home.
According to a recent Wall Street Journal article report, “about 400 borrowers have used HomeFundMe to help buy homes since the program launched in October and on average, they raise about $2,500.” The article goes on to show that these funds are used by the borrower along with their own savings to help them reach the down payment.
Add to this the fact that many first time buyers can take advantage of programs from Fannie Mae and Freddie Mac that lets them put down as little as 3%.  Also, FHA programs require as little as 3.5%, and VA Loans are often approved with 0% down!
Gone are the days when you had to come up with a whopping 20% down. And with this creative solution, now even more first-time buyers can make owning a home a dream come true.

 

Many first time buyers struggle with saving enough for a down payment. But one creative way to save that money is gaining traction - crowd sourcing. It's a great way to let friends and relatives help you buy your first home.


Here's how it works. When a young couple gets married, they will invite the wedding guests to skip the usual gifts and instead contribute to a “Down Payment Fund." Usually a newly wed couple already has the items they need for a new home, as they have their own furniture and home items. Now all they need is the new home.


When you see the math, it makes it even more clear why this is such a great idea. For example, if you have a wedding have 120 guests who all give gifts of about $186 (the average price), then you would have over $22,000 for your down payment! That would cover a 10% down payment on a $220,000 starter home. Not bad! This is just an example, and real world result certainly vary.  But it shows how much this can help a new couple on their way to buying their first home.


Services are already in place to make this all happen, such as a company called HomeFundMe. Friends and family can easily and safely contribute to the fund.  Plus the ones contributing can decide if their gift is  ‘conditional’ or ‘non-conditional’ on the beneficiary buying a home.


According to a recent Wall Street Journal article report, “about 400 borrowers have used HomeFundMe to help buy homes since the program launched in October and on average, they raise about $2,500.” The article goes on to show that these funds are used by the borrower along with their own savings to help them reach the down payment.


Another thing that helps first time home buyers is that they can take advantage of programs from Fannie Mae and Freddie Mac that lets them put down as little as 3%.  Also, FHA programs require as little as 3.5%, and VA Loans are often approved with 0% down!


Gone are the days when you had to come up with a whopping 20% down. And with this creative solution, now even more first-time buyers can make owning a home a dream come true.

HOT HOME LISTING OF THE WEEK!

2228 Cebolla Creek Way NW, Albuquerque, NM  $397,000

3 Bedrooms/ 2 Bathrooms (1 full, 1 partial) / 2345 Square Feet

Fantastic Del Webb gated community! Premium lot, wood tile flooring, plantation shutters, garage door screens, artistic landscaping, upgraded light fixtures & appliances, private courtyard w/OJstom gate & stucco wall are just a few!!

Contact the Sandi Pressley team for additional details! 

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Should You Go With a 15-Year Mortgage?

Tuesday, June 5, 2018
by Sandi Pressley

If you’re planning to buy a home in Albuquerque and can afford a higher payment, then a 15-year mortgage is an ideal way to pay off your mortgage faster and save thousands of dollars in interest. Of course, to make it work you need to have enough income to cover the payments, along with your other expenses. Despite the advantages of a 15-year mortgage, many home buyers tend to stay away from them when they realize the payments are about 50% higher than a 30-year mortgage.

As with any mortgage, there’s pros and cons.  What are the pros and cons of a 15-year mortgage?

Pros

  • Owning your home faster. Knowing that your home is paid off gives you security.
  • Builds equity. Since you’re paying off the principal balance faster, you can build more equity.
  • Save money. 15-year loans have a lower interest rate, since there’s fewer years of risk for the lender. You also save money on interest because the loan term is shorter.

Cons

  • Higher payments. You have to make sure that you can handle the higher payment, along with taxes and other expenses for the entire 15-year term. 
  • Locked up equity. The equity you’re building is locked up in the home. The only way to use it is to sell the home or refinancing.
  • Missing other opportunities. Higher payments means you may not have enough money to take advantage of other financial opportunities, such as investments or matching your employers contribution to a retirement account.
  • Lower quality home.  Since you aren’t stretching your payments over 30-years, you won’t qualify for as high of an amount as you would with a 30-year loan.

To sum up, a 15-year loan is an ideal way for those who can afford the higher payments to save money and own their home more quickly. But if you’re not entirely sure your finances are stable, then you should avoid a 15-year mortgage.

Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1625 Los Alamos Avenue SW, Albuquerque, NM  $489,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 2775 Square Feet

Beautifully situated in Coveted Albuquerque COUNTRY CLUB NEIGHBORHOOD! Near parks and bike paths, and just blocks from downtown. Warmth and Charm exudes thru-out. Don't miss out on this one! 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

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What Can Affect Your Mortgage Rate?

Tuesday, August 8, 2017
by Sandi Pressley

You see advertisements for mortgage rates all over the media and internet.  But how can you be sure that you’re getting the best rate possible? Even if you compare rates, they probably aren’t realistic. Here are some factors to take into consideration.

 

  • Economy – The global economy drives all interest rates, including mortgage rates
  • Property location – Lender costs can go up or down depending on state laws
  • Lender pipeline – How much business a lender is currently processing
  • Property type – Single family, multi-family, condo, mobile, co-op, etc.
  • Loan-to-value – Lower values get a better rate
  • Home use – Is this home being used for personal use, rental, or vacation?
  • Credit score – The higher the score, the better the rate
  • Points – Overall, the higher the costs, the lower the rate
  • Loan features – Term, documentation, rate adjustment, interest-only payments, etc.
  • Loan amount – If the loan amount is very high or very low, this can mean higher rates

 

Mortgage Rates Always Change 

It’s true. In fact, rates can change in minutes!  Even politics can affect the rate.  As an example, when the President disbanded his business council, it sent rates into a tailspin within 20 minutes! So that means the rate you were quoted before and after that situation would have been much different.

The good news is that current mortgage rates are as low as they've been in 2017. But home prices are soaring in much of the US. To get a low rate and make your home as affordable as possible, you need to get several custom quotes from competing mortgage lenders.

 

HOT HOME LISTING OF THE WEEK!

996 Lynx Loop NE, Albuquerque, NM  $595,000

3 Bedrooms/ 3 Bathrooms (2 full, 1 partial) / 3215 Square Feet

Custom Home features INCREDIBLE VIEWS of the Sandia Mountains, Tram & City lights from large balconies and decks. Master Suite features cozy fireplace, tranquil balcony, mountain views, complimented by the Spa-like Master Bath.

Contact the Sandi Pressley team for additional details! 

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The Sandi Pressley Team
Coldwell Banker Legacy
10400 Academy Rd. NE Suite 100
Albuquerque NM 87111
505-980-2999
505-263-2173 / 505 293-3700
Fax: 505-212-0729
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Quick links to this site are also SandiSells.net or SandiSellsHomes.com