Do you wonder what the difference would be owning a home vs. renting a home in the Albuquerque or Rio Rancho NM area?Albuquerque Home Appreciation

Think about this. When you rent a home for $1,000 per month and leave the home in 5 years you paid $60,000 to a landlord. You did not receive any tax break for the interest deduction. You get nothing back but maybe your deposit.

On the other hand if you bought a home for $200,000 and had a 4% appreciation rate over that 5 years you would gain roughly $40,000 in equity, not to mention you paid down your mortgage say $20,000 and took the interest deduction which saved you money on your income taxes. Now you have a home worth $240,000 and owe $180,000.  Look at what you have accomplished! You have built net worth rather than having paid…

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Stay up to date on all the recent price reductions. Maybe this means a motivated seller or now the price is right and you are ready to make an offer. Either way this updates every 15 minutes so you will see the latest North East Albuquerque price reduced homes for sale. Contact us by Clicking Here.

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With the home market moving so fast you need to be the first to see a home for sale. The below Albuquerque home listings are updated every 15 minutes so you can be sure to see it first. We can set you up on an Instant Alert if you choose just let us know by Clicking Here. Otherwise feel free to bookmark this page and visit when you can, it is always up-to-date.

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