Looking For That 1st Investment Property?

Located at 1516 Spence Ave SE Albuquerque, NM 87106 | 2 Bedrooms | 1 Bathroom | 806 sqft.

Fixer-Upper Opportunity with Possible Owner Financing! Owner willing to work with buyer on terms. Make an offer and let's make a deal! Looking for a long-term investment in a thriving area? This property, located just south of UNM, could be your next project. The neighborhood has seen significant development in recent years, including major businesses like Chick-fil-A, Starbucks, Subway, Dion's, and Chili's, all within half a mile. According to the owner, the property features a newer roof (installed within the last five years) and an updated sewer line. It's being sold as-is, where-is, with no repairs provided.…

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November 2024 Market Statistics

Highlights (the highlights are a comparison between November 2023 and November 2024

  • Median detached home price increased 5.7 percent to $368,945
  • Average detached home price increased 6.8 percent to $422,967
  • Overall inventory of detached homes for sales increased 17.1 percent to 1,770

Additional Reports:

  • November 2024 Showings Report
  • November 2024 Local Market Snapshot Reports (by zip code & MLS Area)

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Investment Property SOLD!

Real estate has been my passion and profession for the past 24 years. Over this time, I’ve had the privilege of building a portfolio of multi-unit and single-family properties, each with its own story, challenges, and successes. This journey has taught me invaluable lessons about the market, the importance of due diligence, and the rewards of smart, strategic investing.

One of the most fulfilling aspects of my career is helping others embark on their own real estate investing journeys. Recently, I had the pleasure of assisting a young couple in purchasing their very first investment property. From analyzing the numbers to negotiating the deal, we worked together to ensure their investment was both sound and profitable. By…

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August 2024 Market Statistics

Highlights (the highlights are a comparison between August 2023 and August 2024)

  • Median detached home price increased 0.9 percent to $361,000
  • Average detached home price increased 0.5 percent to $421,495
  • Overall inventory of detached homes for sales increased 28.7 percent to 1751

Additional Reports:

August 2024 Showings Report August 2024

Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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September 2024 Market Statistics

Highlights (the highlights are a comparison between September2023 and September2024)

  • Median detached home price increased 1.1 percent to $359,000
  • Average detached home price decreased 0.7 percent to $406,273
  • Overall inventory of detached homes for sales increased 24.0 percent to 1841

Additional Reports

  • September 2024 Showings Report September 2024
  • Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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October 2024 Market Statistics

Highlights (the highlights are a comparison between October 2023 and October2024)

  • Median detached home price increased 7.2 percent to $370,000
  • Average detached home price increased 5.9 percent to $417,995
  • Overall inventory of detached homes for sales increased 20.5 percent to 1850

Additional Reports:

  • October 2024 Showings Report October 2024
  • Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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July 2024 Market Statistics

Highlights (the highlights are a comparison between July 2023 and July2024)

  • Median detached home price increased 5.8 percent to $370,305
  • Average detached home price increased 6.0 percent to $434,146
  • Overall inventory of detached homes for sales increased 23.7 percent to 1623

Additional Reports

  • July 2024 Showings Report
  • July 2024 Local Market Snapshot Reports (by zip code & MLS Area)

Credit GAAR.com

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This is How...

The current absorption (marketing time) to sell a home now is 2.84 months. Home inventory is rising and interest rates have not fallen as expected, yet I was able to put this home on the market and get it sold! If you would like to have your home sell fast, give me a call to see how my marketing plan can work for you. Here is how I did it!

Initial Steps:

  • Sign a Listing Agreement
  • Take professional photos w/3D Tour and floor plan
  • Secure all details regarding the property
  • List in 'Coming Soon' status - This is a pre-MLS listing status that allows agents to share with their clients.
  • Put up a sign and lockbox
  • Create a 'Coming Soon' social media ad
  • Once Active initiate the below and send out to all agents using…

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Solar System Inspections

Over the years, solar energy systems have become increasingly popular, but as they age, several issues can arise. Some systemsmay have been improperly installed, the original installer may have gone out of business, or the solar panel type may no longer be accepted by PNM. Additionally, problems such as insufficient energy output, compromised panels, or faulty wiring can affect system performance. This is why it's crucial to consider having your solar setup inspected by a professional solar inspection company. A comprehensive inspection provides a detailed 15-page report, which covers:

  • System Type
  • Number of Panels
  • Manuracturer
  • Warranty status on panesl
  • Condition and size of batteries
  • Warranty Info
  • …

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