Did you know that there are special requirements for this? Renting out your current property doesn’t relieve you of the debt ratio involved in calculating your new loan qualification. Here is some of the requirement: You need to have 25% to 30% equity (depending if the new loan is FHA or Conventional) in the existing […]
Albuquerque Supply and Demand Statistics February 2014
In a world of Perfect Competition, this statistical information shows “If no other homes in the area were put on the market, how long would it take to sell all of them currently on the market” – Find your neighborhood, see how many current listings and current contracts – and see how long it will […]
Del Webb Community coming to Albuquerque’s West side!
How to Buy a House
I’m often asked about how to buy a house; believe it or not in this vast information age, people still don’t know how! It is not driving around looking at homes. It is not calling each agent’s sign and asking how much, how long has it been on the market, and how many bedrooms. Buying […]
Does Marketing Matter?
When trying to market your home for sale, you may hear that marketing doesn’t matter “put it in the MLS and let it sell.” When I have my consulting sessions with my Albuquerque home buyers, I will sit down at my office, in front of my TV monitor, and we go through the Multiple Listing […]