albuquerque: Seven Mistakes To Avoid To Maximize Your Home Sale Price
- 12/31/15 04:27 AM
As we never tire of saying, right now is a fabulous time to sell a home in the Albuquerque area. A glance at our blog last Friday on the latest real estate stats for the area are a fine testiment to that statement! Indeed, with such incredibly positive signs of the health of the market right now, it's tempting to think that you simply cannot go wrong. While there is perhaps a little truth to this, in order to maximize your return on the sale and sell the home in the quickest possible time, there are still some big pitfalls you need … (1 comments)
albuquerque: A 10 Stage Plan To Transform Your Home's Curb Appeal for the New Year!
- 12/31/15 04:20 AM
Want to supercharge your home's selling potential by Monday morning and be ready to sell in the New Year? Given the low inventory levels this winter, you really do need to be making the most of an incredible opportunity to sell your home before the onslaught on new homes in the Spring. One of the easiest ways of fine tuning your home's appearance to potential buyers is to focus on curb appeal. The really good news is that there are some really fast and inexpensive ways you can transform that initial impression viewers get as they drive up and walk into the property. Here … (0 comments)
albuquerque: Why Is Our Home Not Selling In Today's Great Market Conditions?
- 12/31/15 04:16 AM
Readers of our recent blogs cannot fail to have noticed how upbeat we are about home selling conditions right now. With the continuance of very low mortgage rates, more closed sales and increased sale prices, plus low inventory in the Albuquerque area, reducing competition and increasing market visibility, it wouldn't be wide of the mark to suggest that this is about as good a situation as a seller could ever hope for. So why, you ask, has my home not sold if all these conditions are so favorable? Unfortunately, just because the market is in fine shape doesn't automatically mean that every home … (0 comments)
albuquerque: Experts Predicting An Even Tougher Time Ahead for Renters
- 12/31/15 04:13 AM
For renters, however, the past few days have seen widespread press coverage of yet more doom and gloom, following the publication of a report from the Harvard Joint Centre for Housing Studies and Enterprise Community Partners. In "Projecting Trends in Severely Cost-Burdened Renters", the Centre predicts that the number of households that spend half or more of their income on rent is expected to rise by at least 11% from 11.8 million to 13.1 million by 2025! This is further bleak news for renters. Even today, about one in four renters already contributes more than 50% of household income for property rental purposes. Rents … (0 comments)
albuquerque: Selling Your Home on Your Own - Why It's Simply A Bad Idea
- 12/31/15 04:09 AM
So you've decided to sell your home on your own. For whatever reason, you don't want to pay commission to a professional real estate agent and are convinced that by word of mouth with family and friends around the neighborhood and maybe a couple of ads in the local Facebook blog shop, you'll be able to save some money. Talk about a false economy. DIY selling, for want of a better name, still goes on and maybe once in a while someone manages to sell their home by themselves. The odds, however, are most definitely stacked against that happening and for a few … (0 comments)
albuquerque: What Turns Off Home Buyers?
- 12/31/15 04:07 AM
Wouldn't it be useful if you could understand what is most likely to turn off buyers when they view your home? Although the statistics are from Europe, via an online survey commissioned by British insurance company Go Compare, it's totally reasonable to assume that their findings are a series of universal truths, as applicable to us here in America as anywhere else. Let's look at the some of the most off putting aspects that would apply anywhere: - "Damp patches, stained walls and ceilings." - This was actually the #1 objection, with over 70% of those questioned identifying these problems as a turn off. … (0 comments)
albuquerque: Are You Hiring A Full Time Agent?
- 12/31/15 04:04 AM
Looking through the online version of the Albuquerque Journal recently, we came across this very interesting article which tells readers to be sure to hire a full-time real estate agent. Although quite a short piece, as you'll read if you follow the above link, the article does contain some really good advice. In looking at it ourselves, we got to thinking how many people actually even know if their agent is engaged in real estate on a full-time basis? It's a fair question and, we suspect, one that buyers and sellers often fail to ask when interviewing agents to represent them. There are approximately two … (0 comments)
albuquerque: Is it time to downsize your home?
- 12/31/15 04:00 AM
It happens to a lot of homeowners. The kids have left home and suddenly that multi-bedroom, multi-acre home no longer has the appeal that it once did. Sounds like you? Well it could be time to consider downsizing your home. There can be many advantages to doing this, one of the most significant being that selling your home for much more than the amount you'd need to buy a smaller one potentially gives you a nice sum of money to invest in a retirement fund, or maybe to buy that RV you've always dreamt of owning, enabling you to get out and explore … (0 comments)
albuquerque: Why it pays to buy a home as soon as possible in life
- 12/31/15 03:45 AM
2015 will long be remembered as the year when the first time home buyer made a significant return. We've taken up considerable blogging mileage this year explaining the merits of getting on the housing ladder and while it would be overkill to revisit them all again so soon, what we would like to emphasize today is the importance of buying your home as early as possible in your adult life. While your retirement years seem so distant in your early to mid 20's, trust us when we say that they will approach much faster than you can ever imagine and, if you've just … (0 comments)
albuquerque: Five Great Reasons Why Right Now Is A Great Time For Property Investment
- 12/31/15 03:42 AM
However you slice it, the current Albuquerque area real estate market is trending positively in so many ways. We've recently spent a good deal of time explaining to both current and prospective homeowners what a great time it is to either upgrade or get on the ownership ladder. It's equally a superb opportunity to either start or grow a property investment portfolio and here are five key reasons why we say that: Prices are rising - Refer to our recent review of Albuquerque area market conditions and you'll note the healthy growth of average sale prices in recent months. While there is merit in … (0 comments)
albuquerque: Why Being Prepared Always Pays Dividends For First Time Buyers
- 12/31/15 03:38 AM
We never tire of saying what a great time this is for buying a home. With mortgage rates still very low, plus other incentives such as low down payment home loans, it makes total sense to get on the housing ladder right now, before something changes. In reality, of course, and for a wide range of reasons, you simply may not be completely ready to take the big step and are now targeting the New Year for your first foray into home ownership. The good news is that there are things you can start to do now that will help you to achieve … (0 comments)
albuquerque: 2015 - Year in Review 4: Low Inventory
- 12/31/15 03:05 AM
Our look back at the key highlights in Albuquerque area real estate could hardly ignore one of the most defining factors in our local market this past 12 months - low inventory of available homes for sale. Every month in 2015 we've delivered a summary of local market performance and low inventory has been a constant and has never really shown signs of significant recovery. If anything, it's been getting steadily worse, in real terms. Perhaps what has been most surprising is that we've seen excellent growth in demand for homes during the year and yet many sellers have been slow to take … (1 comments)
albuquerque: 2015 - Year In Review 3: 12 Blog Highlights of 2015
- 12/31/15 03:02 AM
It has been a another great year here at Everest Peak Realty. We've again enjoyed bringing real estate news, views and advice to you throughout the year and thought it might be a good idea to go back over the past 12 months and pick out a key blog from each month that maybe you missed and which will be of use to you as a property seller, buyer or investor in 2016. January - 20 Priceless Staging Tips for Albuquerque Area Home Sellers February - 8 Sure Signs That It's Time to Change Realtor March - How to Conduct a Final Home Walk Through April … (0 comments)
albuquerque: 2015 - Year In Review 2: Exceptional Buyer Sentiment
- 12/31/15 02:58 AM
One defining characteristic of 2015 has been the exceptional buyer sentiment that has informed the real estate market right until the very end of the year. Almost exactly 365 days ago, we were predicting that the first time buyer would make a very welcome comeback during this year, and so it has proved. By May, first time purchases were accounting for 32% of all buying activity. By mid-year, we were reflecting on a great start to the year that had seen first mortgages up by no less than 80% in the first quarter of the year, compared with the same time period in 2014. The … (0 comments)
albuquerque: 2015 - Year In Review 1: Mortgage Rates
- 12/31/15 02:56 AM
With just one day of 2015 left, it's time for us to begin our look back on the key influences on Albuquerque area real estate during this year. Given the momentous Federal Reserve announcement of a 0.25% rise in interest rates this week, it seems appropriate that we first reflect on mortgage rates, which have arguably been the single biggest influence on the excellent performance of the housing market in the past 12 months. Although history suggests that a rise in the Federal Funds Rate is not closely tied to the fortunes of mortgage rates, this week's news has nonetheless provided an increased focus on … (0 comments)
albuquerque: Renting: Storm Clouds Ahead Next Year!
- 12/31/15 02:52 AM
Back in early October, we looked at a report from the Harvard Joint Centre for Housing Studies and Enterprise Community Partners that painted a very bleak picture for renters The report predicted that the number of households that spend half or more of their income on rent will rise by at least 11% from 11.8 million to 13.1 million by 2025! As if to give this forecast almost instant credibility, further evidence of even tougher times ahead in the rental sector have arrived today with a CNN Money article that says rents are expected to rise faster than inflation in 2016, increasing by … (0 comments)
albuquerque: Guidelines for the First Time Home Buyer
- 12/29/15 11:39 AM
The first time buyer arguably faces more challenges in the house buying process than any other type of home purchaser. This is largely due to inexperience and the difficulties of predicting the unpredictable in advance. On the basis that forewarned is forearmed, here's a simple guide of what to watch out for on your home buying debut. 1. Make sure you completely understand your finances so you absolutely understand what you can afford, leaving a suitable buffer for unplanned costs. 2. Don't forget that the home buying process also has a number of costs associated with it, including appraisal, credit report, escrow and notary … (1 comments)
albuquerque: Preparation - The Key to Getting Your Home Sold
- 12/29/15 11:09 AM
Attention to detail is vital when selling your home. Remember how closely you looked at every aspect of your own home before buying? - that's the level of scrutiny you can routinely expect from prospective purchasers. The guideline notes below outline a relatively simple series of practical steps you can make to show your home in its absolute best possible light. The better everything looks, the quicker your home will sell and for the best possible price too! First impressions are lasting: The front door greets the prospective buyer. Make sure it is fresh, clean and scrubbed looking. Replace door mats … (1 comments)
albuquerque: The Ability to Repay Rule Explained
- 12/29/15 11:02 AM
On January 14th, 2014 the new Ability to Repay, or Qualified Mortgage (QM), Rule came into force. The Rule states that a borrower can't have a higher debt-to-income ratio than 43%. It also lowers the fee that can be charged by the lender to three percent of the loan's total amount. Given that a lot of the practices the Rule bans have already disappeared from the mortgage market, the immediate impact on borrowers is going to be minimal. It is also very likely that innovative new mortgage products will launch to further ease the situation. For many new borrowers, however, these changes will not have … (2 comments)
albuquerque: What You Should Expect Your Realtor to Do for You
- 12/29/15 08:25 AM
Hiring a Realtor for the critical job of selling your home is a really key decision. Get it wrong and there could be some serious consequences, in terms of a home remaining unsold for longer than you would like and/or not achieving its optimum price in whatever current market conditions happen to be. It would be very accurate to say that not all realtors are operating in an equal way. Not by a long measure. Your search for the right realtor for you will be considerably enhanced if you know exactly what you should be expecting your Realtor to do for you. At the … (4 comments)
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