New Mexico 
Information regarding the Great State of New Mexico. News and Happenings across the State.
There are currently 21 blog entries related to this category.
What does 'Additional Information' on listing displays mean?
Tuesday, April 17th, 2012 at 8:42pm. 116 Views, 0 Comments.
Some basic information that may help you in your quest for more information on a home listing.
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If you notice the information located in the 'Additional Information' section of a MLS Listing Display. This information will be available for all listings and is typically located at the bottom right hand side of the display.
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The 'Additional Information' will also let you know if the home is a Short Sale or Bank Owned Home. This can be useful if you are or are not interested in short sale's or foreclosures. If it does not specifically have RE/Bank Owned or Short Sale then it is just a regular sale.
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So here are some quick definitions for financing:
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Mortgage Insurance Rates Increase FHA
Thursday, March 8th, 2012 at 12:32pm. 184 Views, 1 Comments.
Beginning April 1st, 2012 FHA will be raising their upfront Mortgage Insurance. You may be asking yourself 'how does this effect me'?
Here is a scenario:
Your current loan approval amount $150,000 FHA
Old Monthly MI = 1.15% = $143.75 Monthly MI
New Monthly MI = $1.25% = $156.25 Monthly MI
Old Upfront MI = 1% or $1500 based on above loan amount (added to loan amount)
New Upfront MI = 1.75% or $2625 based on above loan amount (added to loan amount)
This means that you would qualify for about $5,000 less on your mortgage with the new increase beginning April. Your loan amount would decrease to $145,000.
This reduction may be signficant to a buyer trying to max out their purchase, which happens all the time, by the way. If you feel…
Come Visit Us @ The ABQ Home Expo
Tuesday, February 7th, 2012 at 12:51pm. 202 Views, 0 Comments.
We would love to see you at The ABQ Home Expo. Vist booth 307 for a FREE Instant Market Analysis, Foreclosure Listings and learn how to enter for a chance to WIN a day at the Spa!
Show is February Saturday 18th 10am-6pm and Sunday 19th 10am-5pm.
Why Zillow is not good for New Mexico
Thursday, October 13th, 2011 at 7:25am. 220 Views, 0 Comments.
I have many clients use Zillow as an estimator for the home they are selling or the home they are buying. What Zillow does not explain to the unkowning customer is that:
- Zillow pulls their information on active listings from our private MLS - They don't get all the data but about 90% of it.
- Zillow does NOT have access to sold prices in NM because New Mexico is a non-disclosure State and does not record and make public what a home has sold for. They only show the mortgage amount.
- Zillow has no solid data to estimate value on any home.
- Another national site, Trulia will send you properties that have been off the market for 2 years just to get you back to the site. Trulia keeps listings in their system and never deletes it. Means old out-dated…
When you need a reliable, up to date...
Thursday, October 6th, 2011 at 8:35am. 336 Views, 0 Comments.
When you need a reliable, up to date home search website visit www.NMWelcomeHome.com. Serving Albuquerque and Surrounding Area, Rio Rancho, Santa Fe and Surrounding Area.
Many details are available about the listing, including Virtual Tours, Map, Birdseye View, Days on Market, Short Sale, Bankowned, Financing, and all the basic information you may desire. Contact Us for additional information on ANY listing.
Many different search options to suite your need. Search by Address, MLS#, City, School, Area, Zip Code, Map, and Subdivision.
Search Homes Now
Easy to read details and the ability to increase to large color photos. |
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Full details about the listing |
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Ability to increase to large color… |
Xeriscaping vs. Zero-scaping
Thursday, September 23rd, 2010 at 12:57pm. 431 Views, 0 Comments.
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Many people confuse xeriscaping with "zero-scaping." While both of these landscapes use less water than the traditional, turf-dominated approach, they are totally different in appearance and appeal.Sandoval County - Tax Records Online - FINALLY
Wednesday, August 4th, 2010 at 9:48am. 1654 Views, 0 Comments.
Over the past few years if you needed any information regarding tax records in Sandoval County, which includes Rio Rancho and Bernalillo, you had to call in during business hours. Also for us Realtors who needed a tax estimate to provide to our buyers we had to fax in and wait to receive a response and fax back. This may not be available on the site yet but I'm sure it is schedule to launch soon. Why wouldn't it be, right?
This will make our life much easier when accessing this information. No more waiting on hold and having to call back multiple times to the county. YEAH!
Here is the link http://etweb.sandovalcountynm.gov/Treasurer/web/
Search Rio Rancho Homes in Sandoval County
Video - This Month In Real Estate July
Wednesday, July 7th, 2010 at 1:21pm. 124 Views, 0 Comments.
General Information regarding current national sales, FHA loans, Rehab Loans, and Buying a Home in Today's Market. Still a Great Time To Buy! Search Homes Now
Video - Presbyterian - Rio Rancho Update July 2010
Friday, July 2nd, 2010 at 10:10am. 217 Views, 0 Comments.
I was driving by the Presbyterian development in Rio Rancho and surprised at the progess they have made. Starting to look like a building. I took a quick video for anyone who does not get out that way to often. This hospital will create many jobs and help the economy both in Rio Rancho and Albuquerque.