Since 2009, the average monthly mortgage principal and interest costs have fallen below average rental rates. Indeed the gap today is wider than it has been at any time in the past 22 years. This means it's probably a better time than ever to consider stop working so hard for your money and to begin making your money work for you by investing in property for rent. With mortgage rates remaining low and defying the predictions of seasoned financial experts, there's arguably not a moment to waste if you have your eye on starting or expanding your own portfolio. Whatever your ultimate investment goals may … (0 comments)
home selling: Want to Get Your Albuquerque Area Home Sold? - Go Green!
- 02/08/16 03:11 AM
With energy bills becoming even more expensive, the importance of energy efficiency has grown exponentially, as a key component of many home buyer's wish lists. This is indeed part of a global trend. In Britain, for example, every home that comes onto the market is required to have its "carbon footprint" measured, as part of the UK's strategy of cutting carbon dioxide emissions. Although there are no signs of the same idea being adopted here, Americans are fast becoming more environmentally aware, especially in terms of how energy saving measures can significantly lower monthly household expenditures. The top three most requested green features buyers are … (0 comments)
home selling: Why Being Pre-Approved Can Give You The Edge
- 02/05/16 11:46 PM
If there is one single piece of advice we always like to give to all prospective buyers it is, quite simply, to get pre-approved for home finance. There are so many benefits to this approach. Crucially, you are going to be very taken seriously by any seller as you are demonstrating your ability to purchase the home in question. Indeed if, as is increasingly happening in the Albuquerque area, you are in competition with other buyers, having pre-approval in your pocket can give you a vital edge. You will also benefit from a potentially more focused home search. Indeed, in many ways pre-approval defines your search … (0 comments)
home selling: Five Weeks and Counting - The Fall and Fall of Mortgage Rates
- 02/05/16 07:08 AM
No one would say that the current turbulence in stock markets is a good thing, however this has given rise to a fresh wave of risk aversion that is undeniably benefiting home buyers and sellers right now. This is the fifth straight week that we have seen falls in mortgage rates, which are now near to 3 year lows for a 30 year home loan (currently around 3.5% according to Zillow). All the turmoil in markets has provoked investors to once more seek safe haven investments with minimal risks. This has made bonds an increasingly popular choice of late and seeing as increases … (1 comments)
When buyers search for homes online, they typically type in a few criteria such as the required number of bedrooms and bathrooms. The resulting search results are invariably grouped in price brackets, often displayed in $10,000 or $25,000 increments. What's crucial to understand here is that these brackets drive what buyers actually see. If your home is priced out of its optimal price bracket, the optimum potential buyer could miss your home among hundreds of others that may be larger, newer and have more features and amenities in comparison to yours. Bottom line: By pricing your home in the next price bracket it could be … (0 comments)
In yesterday's blog, we looked at a number of ways in which your Albuquerque area realtor may, or may not, be going the extra mile for you to sell your home. Another major differentiator that we deploy is to provide a fully branded video tour of your home. We are increasingly finding that this is a tremendously potent method of attracting qualified potential buyers to view your home. A video tour allows them to gain a much deeper understanding of how the rooms in your home flow together, plus a more vivid portrayal of its key features. This gives them much more confidence … (1 comments)
Perception and reality can often be very different. This is especially true in the homes market with a commonly held expectation that first time buyers need to find 20% of the value of their desired residence. Well if that's been your perception, we're so happy to kindly suggest that you think again! A recent survey unveiled that two thirds of first time buyers paid 5% or less!!! As the housing market steadily improves, low down payment mortgages are making a comeback, through a wide range of innovative finance products and well established Government backed programs. Indeed, in certain individual situations it's even possible that you … (0 comments)
At Everest Peak Realty @ Keller Williams, we'd be the first to agree that technology is a wonderful thing for the real estate business. We have a very strong internet presence (this website and blog being a prime example), we send out electronic property flyers and carry out highly targeted email campaigns, in addition to a wide range of other premium marketing activities. Hopefully your current agent will also be doing at least some of the above. Chances are, however, that he or she may not be going that extra mile for you in other ways. We do something most agents don't! While we totally … (0 comments)
home selling: Five Ways To Turbocharge Your Home Purchase
- 02/02/16 05:26 AM
It's February already and doubtless many of you are now more seriously considering either buying a home for the first time, upgrading or even downsizing. Wherever you stand in that equation, today we'd like to make five suggestions that will help you make the best decisions when it comes to defining your choice of where next to reside: Research possible home locations - Knowing where you'd like to live is a great start to looking for a home. The internet is a huge, almost infinite resource in this regard and you can find out almost anything about an area, even down to important considerations … (0 comments)
home selling: Has There Ever Been a Better Time to Own an Albuquerque Area Home?
- 02/02/16 03:47 AM
A lot is always made of how things seem to be more expensive than ever. Well, it's true that the cost of so many of life's essentials has gone up in recent years, but is this a completely true perspective? In 1991 it took almost 60% of the average family's budget to buy a home. Fast forward to today and that figure is just 40%! An interesting statistic, to say the least. So if you're interested in buying a home, there's definitely a strong argument that history is on your side, and that's before you've taken into account what is actually happening right … (0 comments)
home selling: New Quarterly Real Estate Stats Reconfirm Upbeat Market Conditions
- 01/29/16 06:57 AM
Every month, we devote a whole blog to the latest monthly real estate statistics published by the Greater Albuquerque Association of Realtors (click here for the most recent post). Today we'd like to take a somewhbat wider angle view by looking at the findings of the GAAR's recent review of the 4th Quarter of 2015. This has the benefit of smoothing out some of the peaks and troughs of the monthly reports, so we can see key sustaining trends more vividly. There were two distinct highlights of the figures. Detached home sales rose by 12.72% in comparison with Q4 of 2014, while the median sale … (0 comments)
home selling: Choosing the Right Realtor For The 2016 Property Market
- 01/22/16 05:00 AM
In these blogs, we often explain the importance of teaming up with a suitably qualified, experienced and successful realtor very early in your selling or buying process. With 2016 expected to be the best year in real estate for a decade, it's also important that you find a realtor who will be able to maximize your opportunities for you during a very busy period for the industry that will create its own special dynamics and pressures. Here are some important qualities that your chosen agent should be able to demonstrate to you, and why they are even more relevant this year: Organization - With more … (0 comments)
home selling: Winning Strategies for New Home Buyers
- 01/20/16 11:51 PM
In a previous blog, we explored eight great reasons to become an Albuquerque area first time buyer right now. We hope we inspired some would-be house owners to think very seriously about taking the big step of finding a home of their own. Today, we'd like to offer some simple strategies to help you along in that process: Identify your needs - No one has exactly the same requirements from their home, of course. That's why there is never a "cookie cutter" one size fits all solution. Therefore it's really a good first step to sit down and define not only what facilities you need right … (0 comments)
home selling: Five Great Reasons To Invest In Property This Year
- 01/19/16 07:58 AM
With the year now well under way, many property investors will be considering their options for 2016, so here is some food for thought if you're considering either starting or enhancing your portfolio this year:
Property is a great safe haven investment - With the volatile events in the stock market since the beginning of the year and other uncertainties very much in investors' minds, real estate is again being widely viewed as a very solid long term safe haven investment. A real estate investment is currently very likely to make money while you hold it and when you sell it. Rental demand … (0 comments)
Just before you view an existing home, one of the key hopes that's certain to be at the forefront of your mind is that it has been cherished with the sort of care you would lavish on it. At 7201 General Kearney Drive NE Albuquerque, NM 87109, this important box is most definitely ticked, as this wonderful almost 2,500 sq.ft. corner lot home in the Heritage East Subdivision has been meticulously maintained. No matter where you look, there are clear signs of the pride and excellence with which the only family that has owned this 4 bed, 3 full bath property … (4 comments)
Who doesn't want a great deal of living space in an exclusive luxury home setting! Our brand new listing at 1771 Alif Road, NE Rio Rancho provides exactly this and so much more. As you arrive for your private viewing, you will be immediately struck by the amazing curb appeal of this prestigious 4,100 sq.ft. custom built home on 1.8 acres with 5-6 bedrooms and an in-law suite with its own multiple private entrances. Your positive impressions are immediately reinforced on entry to the home, with its expansive great room with superb levels of natural lighting via its … (2 comments)
home selling: Five Home Buying Tips for 2016
- 01/15/16 04:46 AM
We're already at the halfway mark in January and, with the year now getting under full steam, many home buyers are preparing to enter the market. Today we'd like to give you five important tips that will help you optimize your purchase: Don't procrastinate - Right now market conditions are pretty much as good as anyone could hope for them to be. The economy continues to do well, house price inflation is well under control and asking prices are still very realistic and, as we've seen yet again this week, mortgage interest rates are staying below a 4% average for a 30 year loan … (2 comments)
home selling: Fine Albuquerque Area Real Estate Performance Sustaining Through Winter
- 01/12/16 04:40 AM
The latest real estate statistics, just released by the Greater Albuquerque Association Of Realtors, amply demonstrate the continued very strong performance of our local market this winter. The stats show that, in December, detached home sales were up by almost a quarter (23.02%) on the same period in 2014 and, equally impressively, not far off figures posted in October. This is a powerful illustration of the forward progress in the area, especially considering that it is a market snapshot at taken in and around the traditionally slower holiday season. Another significant figure is that the average number of days on the market was … (0 comments)
home selling: The Importance of Dealing in the "Now" in Real Estate
- 01/08/16 03:54 AM
Anyone expecting a quiet news week for most people's return to a full working schedule after the holidays will have been sorely disappointed. Before most of us even started work on Monday, news was already filtering in of a significant fall in the value of Chinese stock markets, with knock-on effects that have been felt throughout the rest of the week here and all over the rest of the world. As if that weren't enough to create instability in markets, Monday also saw Saudi Arabia cutting diplomatic ties with Iran, raising tensions in the Middle East. Wednesday then brought us North Korea's announcement … (0 comments)
home selling: Get Your 2016 Home Selling Plans Right from Day One
- 01/01/16 01:31 AM
2016 is finally here and we’d like to wish you health, wealth and happiness throughout this brand New Year. If you're planning to sell your home this year, here are five suggestions of things you can do right now to make the process go smoothly when the time comes to list. Make a time plan - Decide exactly when is going to be the best moment for you to sell. A number of factors will figure in the timing and some may relate to other plans you may have, such as retirement/job relocation. If you’ve just been generally considering moving up or down … (2 comments)
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