The NMWelcomeHome Team Real Estate Blog

Agent: This is a hot property, there are multiple offers on it.

Buyer: Multiple offers! I don't want to get involved in that, let's go find another home.

Agent: I understand however this home meets 8 out of your 10 features that you want in a home. It's worth trying...

This conversation has been had many times over in the past 6 months and with good reason. Inventory is down and there are many buyers looking to buy a home. So how do you win in this real estate market? There are a few options and I will list them below.

First If you see a home you like, call your agent immediately and schedule a showing! And if you love it you should make your offer as strong as possible. This means weighing all the options, working with your agent to review

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Click here to download the complete April 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between April 2018 and April 2019)

  • The median detached home price rose 3.3 percent to $216,000
  • The average detached home price rose 6.2 percent to $259,974
  • Overall inventory of detached homes for sale decreased  27.7  percent to 2,153
  • The number of closed sales for detached homes increased 4.1 percent to 1,127
  • The number of detached homes going under contract rose 18.8  percent to 1,390

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Put us to work! We would love to help you with your home sale or purchase and will work hard to make the process as easy as possible.

5 Star Review The NMWelcomeHome Team

NM Welcome Home Team experience was great! From the knowledge and expertise of our realtor Johnathan Tenorio, we were able to have a successful negotiation and get our dream home. The office staff (Renee Gomez) and the client portal kept us on task for each and every detail from the very beginning through closing. It was a pleasant experience. We will definitely recommend the NM Welcome Home Team to family and friends." lorraineotero29.

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Click here to download the complete March 2019 Local Market Snapshot reports, presented by zip code and MLS area.

Highlights (the highlights are a comparison between March 2018 and March 2019)

  • The median detached home price rose 7.6 percent to $213,000
  • The average detached home price rose 2.9 percent to $248,770
  • Overall inventory of detached homes for sale decreased 27.3 percent to 2,075
  • The number of closed sales for detached homes decreased 8.6 percent to 972
  • The number of detached homes going under contract rose 13.8 percent to 1,359

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Key Takeaways for NEXT Home

  • Borrower does not have to be a first-time homebuyer.
  • 3% grant from program does not have to be repaid.
  • Minimum $500 required from home buyer's fund.
  • Need to sell? Little equity? This will help fill that gap.

Key Takeaways for MFA Down Payment Assistance

  • Exclusively for first time home buyers.
  • Up to $8,000 down payment assistance.
  • Must contribute $500 of own funds.
  • Minimum credit score required.

You will need our expertise to help navigate this process. Call us today at (505) 886-1432 to talk to one of our Buyer Specialist. They will be the best to answer all your questions.

We can answer your mortgage questions!

 

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You must hurry as the real estate market is hot! Be the first to know and call one of our top Buyer Agents with The NMWelcomeHome Team! (505) 886-1432

Welcome to this incredible updated home located just 1.3 miles from The University of New Mexico and UNM Hospital! That is only a 4 minute drive. Recent updates include windows, landscaping in backyard, storage in back, paint, doors, soon to be installed roof & garage doors. This home will be available for showings middle of May 2019 but contact us now for more information (505) 886-1432.

1419 Calle Del Rancho For Sale

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Thinking about buying a home but concerned about your monthly mortgage payment? You might consider owning a multi-unit property. Most mortgage loans allow a borrower to own up to a 4 unit multi-family home and still take advantage of the lower down payment, 2nd home buyer programs or first time home buyer programs.  With the option to live in one and rent the others, it's possible that you could zero out your monthly mortgage payment. This not only makes it a great opportunity to reduce your cost to live but also sets you up for a future investment and an addition to your portfolio. 

As always you can call us at (505) 886-1432.

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The NMWelcomeHome Team is devoted to helping clients with possibly the biggest financial decision they may make in their lifetime. We aim to be a small, close knit, high producing team that focuses on customer care and showing value when buying or selling a home. Our goal is to constantly grow where our agents can create a sustainable and consistent business.

Our motto: We believe in helping each other for the greater good.

When you are ready to make one of the biggest financial decisions of your life please give us the opportunity to work for you.

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