house: Unlock The Albuquerque Area's Secret Homes Inventory
- 02/08/16 03:33 AM
As we have often demonstrated in these blogs, not all REALTORS® are cut from the same cloth and you really do need to closely examine what they can actually offer you in your home sale and/or purchase. Click here for a list of what a top class realtor will do for you. A recurring theme in our articles centers around the willingness of your realtor to go the extra mile for you, in an effort to ensure you achieve your property goals, whether you're looking for the perfect home or the ideal investment. For example, as a Keller Williams agent we have priority access … (0 comments)
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)
house: 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)
house: 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)
house: 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)
house: 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)
house: 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)
house: Low Mortgage Rates - A Great Time to Sell or Buy in the Albuquerque Area
- 02/01/16 11:28 PM
Despite the FED raising its interest rates for the first time in many years... They are still at near historic lows and it's worth bearing in mind they are currently less half what they were in 1990! Despite many predictions to the contrary, the diminution in Federal support for the housing market just hasn't resulted in the anticipated big hike in interest rates. A cocktail of variable economic indicators and uncertain international affairs have certainly contributed to keeping rates at such affordable levels. This is a continuing feel good news story for both buyers and sellers. Home seekers are still finding that the cost of … (1 comments)
The thought of the long term commitment of a mortgage can of course be frightening, but if you're renting, in many ways you're already paying what amounts to a mortgage. Problem is, you are building the equity of your landlord every time you pay your rent. And consider this - if you stay in the home you buy for more than ten years, you could literally save yourself hundreds of thousands of dollars, bearing in mind current interest rates and property value appreciation levels. Still need to be convinced? Well click here and punch in some likely figures into Trulia's Rent vs. Buy calculator and you'll very graphically … (1 comments)
We won't paper over the cracks, choosing a home can be a nightmare - if the process is not handled in an organized and thorough manner. Everest Peak Realty @ Keller Williams exists to make the path to home ownership as smooth as possible, turning a nightmare into a pleasant dream. We're experts in knowing what's available in the Albuquerque area - even if it's unlisted. We also know if the home you're considering is incorrectly priced. We can also guide you through the maze of financing options that may be open to you and negotiate the price and terms you want. At the … (0 comments)
house: 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)
It's plain common sense that homes in fine condition are much more likely to sell quickly, but what you might not already know is that there has been some specific research applied in this regard. According to a survey carried out by Keller Williams, homes in good to excellent condition sold 18 days faster than others. An impressive statistic, made even more meaningful because they also sold for higher prices and with fewer reductions from the original asking price! In this blog, we often talk about correctly staging your home. It would be fair to say, though, that most aspects of staging relate … (0 comments)
house: Is Your Home Perfect for First Time Buyers in the Albuquerque Area?
- 01/25/16 09:38 AM
The majority of home buyers are first time purchasers. This means that if your home fits the likely profile of a rookie home owner's needs, you really should ensure that it is being effectively marketed to this crucial sector. Two thirds of first timers choose a home between 1000 and 2000 square feet, so if your home is in that range we trust that we have your attention. At Everest Peak Realty our standard modus operandi very much lends itself to helping the first time buyer. We forensically examine the buyer's needs and match those to available properties within the appropriate price range. Moreover, by … (0 comments)
house: Six Steps to Buying Your Ideal Albuquerque Area Home
- 01/25/16 09:35 AM
At Everest Peak, we aim to make the entire process easy and enjoyable, using a simple six point plan to get you into the home of your dreams: - 1. Hire Us - We will sit down with you to examine market conditions and what you need from your next home. 2. Secure Financing - We will put you in touch with top Albuquerque home loan professionals, so you can be pre-approved for your mortgage. You'll know how much you can spend and your offer will be taken much more seriously by the seller. 3. Narrow Your Search - It sounds obvious, but many … (0 comments)
house: Albuquerque Area Home Not Selling? - Time to See the Light!
- 01/25/16 09:31 AM
Did you know that Thomas Edison tried and failed no less than 10,000 times to create the light bulb! Imagine where we would all be if he had stopped at Attempt #9,999... The same may perhaps may hold true if you have tried and failed to sell your home recently. What if you gave it just one more shot? We spend a great deal of time on this blog telling you how exceptional real estate market conditions in the Albuquerque area are right now, so how can it be that fine homes remain unsold in such a favorable situation? We also write a lot about … (1 comments)
house: 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)
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