Here’s a chart showing the rise of median sales prices of homes in Albuquerque, New Mexico – bookmark and come back for more information!
Median Sales Price of Homes in Albuquerque, New Mexico
What should I ask the seller to repair ?
A recent article by Inman News highlighted one of the most frustrating parts of a real estate transaction. The repair request. In an Albuquerque real estate transaction, the buyer is able to obtain inspections on the property to satisfy themselves on any condition on the home that is important to them. After these inspections, the […]
When do I get my keys?
In New Mexico, the customary practice is to hand over keys to the buyer upon RECORDING and FUNDING. Closing occurs when both parties sign. The Buyer and Seller will close separately, with separate closing appointments. For the Buyer the paperwork for the loan is signed as well as required disclosures and tax documents. There also […]
Albuquerque Mortgage rates
Today’s Rates: · Conventional 30 year fixed rates currently priced at 3.875%. · Conventional 15 year fixed rates currently priced at 3.25%. · FHA & VA 30 year fixed rates currently priced at 3.75%. · FHA and VA 15 year fixed rates currently priced at 3.625%. · Jumbo 30 year fixed rates currently priced at […]
Albuquerque Real Estate Soup Newsletter
What is an appraisal, and why does it matter?
Does it matter? Is is the final word in real estate? Who owns it, who cares? These are questions often asked about one of the most crucial parts of the real estate selling/buying process. In Albuquerque there are customary practices which are changing with regard to who pays for the appraisal and who gets to […]
Mortage Rates Today
Today’s Rates: Conventional 30 year fixed rates currently priced at 4.125%. Conventional 15 year fixed rates currently priced at 3.25%. FHA & VA 30 year fixed rates currently priced at 3.75%. FHA and VA 15 year fixed rates currently priced at 3.375%. Jumbo 30 year fixed rates currently priced at 4.25%. Jumbo 15 year […]
Where Women Are Closing The Gender Gap in Home Ownership! – Albuquerque wins!
An article came out yesterday in Trulia showing that Albuquerque is leading in closing the gender gap for home ownership and pay! In Albuquerque, NM, the pay gap between men and women decreased by 25% to 2015 from 2008. Meanwhile, women are 1.15 percentage points more likely to have 4 years of college or more. […]
WHAT DID THAT HOME SELL FOR?
Ever wished you had the same information that REALTORS do? Well, here it is – this tool will let you see homes around you (either your own home or a home you are interested in buying) and their sales prices. MARKET SNAPSHOT FOR YOUR HOME You can receive these reports as often as […]
How’s the Market?
Well, let me tell you – the market has shifted suddenly in Albuquerque. I could bore you with a lot of statistics and graphs and such but I judge the market by how hard it is to find a buyer the perfect home. Right now I have buyers looking for homes – 1M+ 5000 square […]