Home inventory is down 30% from this same time last year. What does this mean to you? This means prices have gone up simply due to demand and we are flooded with buyers needing to find a home.

The market has changed dramatically in the last 6 months so you may have more equity than you think. If you have thought about buying or selling this may be the best it gets for a while and you should start by calling me for a FREE market analysis of you home to determine value. This is the first step in determining if you should sell or stay.

Best contact number is (505) 259-3150

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FINANCING

Today I want to talk about mortgage financing. This is the first and most important step you will take in starting your home buying journey. This step is best taken in advance of your home purchase to make sure there are no unforseen issues on your credit report.

What is a mortgage?

A mortgage is a legal instrument to secure financing for a home with a  promise to pay the loan back. Its just like any other loan but much better because of the tax benefits, such as the mortgage interest deduction which can save you money on your taxes.

So how do you get a mortgage?

The only way to truly know if you qualify for a loan is to talk to a lender.

They will pull your credit and ask you questions about your income and debt.

You will then…

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Looking for your first home in Albuquerque or Rio Rancho? Want to take advantage of a First Time Home Buyer Program? We can help...Start looking today and call us at (505) 886-1432 to get in touch with on of our Buyer Specialist.

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Below are some key facts for the home buying process. There are many more details when buying a home. I am experienced and will work hard making sure12 Most Important Things To Consider When Buying A Home your home buying purchase is a great one.

Speak to a lender and get Pre-Approved – I cannot stress the importance of this

         What you will learn:

  • How much you are qualified for
  • Monthly Payment
  • Fees/Cost involved

          Real Estate Agent will help you with...

  • Typical timeframe to close on a home is 30-45 days from date of offer acceptance.
  • Go over all disclosures and inspections available
  • Evaluate Home and List Price to determine offer price.
  • Write Purchase Offer and negotiate – could take several days.
  • You will be required to write a check for an Earnest…

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