The housing market is hot, with prices rising as demand far outpaces supply in almost every region. However, when it comes to luxury real estate, things are quite different. In the upper-end market, inventory is plentiful in most locations. For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, […]
BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?
Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last […]
5 Reasons to Sell This Summer
As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why: 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout […]
I have an offer on my Albuquerque home, now what?
So, you have received an offer, and now you wait for the sale to close. What’s going to happen now? Can I call the moving truck, make an offer on another house, start packing, plan my exit? Hold your horses…. DUE DILIGENCE PERIOD This is called the due diligence phase of the process. Inspections! The […]
What Is Your Albuquerque Home Value? I don’t know yet….and it’s not fair
…and I can’t tell you anything from a postcard. I confess. Our industry has been swamped with ‘automated home values.’ From Zillow, to Trulia, to Market Snapshot….they are everywhere! I have to admit, I have spent a fortune this year on subscribing to these services. You get a really nice postcard from me, and you […]