Information regarding the Great State of New Mexico. News and Happenings across the State.

Selling Your Home in Today’s Market: Proven Strategies to Get It Sold

The real estate market is constantly evolving, and selling a home today requires a strategic approach. Whether you’re dealing with high interest rates, shifting buyer demand, or increased competition, the right tactics can make all the difference. Our team has the experience and tools to help you navigate the current market and get your home sold for the best price in the shortest time.

Understanding the Market

Before listing your home, it's crucial to understand the local market conditions. Are homes selling quickly, or are they sitting for months? Are buyers looking for move-in-ready properties, or are they willing to take on renovations? Our team provides a comprehensive…

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Reverse Mortgages for Seniors: What You Need to Know

As seniors approach retirement, financial stability becomes a top priority. For those who own their homes, a reverse mortgage can be a tool to unlock equity and provide additional cash flow. But how does it work, and is it the right choice for you?

What Is a Reverse Mortgage?

A reverse mortgage allows homeowners aged 62 and older to convert part of their home equity into cash without selling their home. Unlike a traditional mortgage, where you make monthly payments to the lender, with a reverse mortgage, the lender pays you. The loan is repaid when you sell the home, move out permanently, or pass away.

Key Benefits
Supplement Retirement Income:

The funds can help cover living…

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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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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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JUST LISTED!

Welcome to 517 Espanola St NE, a beautifully updated home located in the heart of Albuquerque, NM 87108. This charming property boasts modern comfort with brand-new mini-split systems for efficient heating and cooling, ensuring year-round comfort. The electrical service has been fully upgraded, offering peace of mind and reliability. Inside, you'll find tastefully updated bathrooms, designed with contemporary finishes that enhance both style and functionality. Whether you're looking for a move-in ready home or a smart investment opportunity, this property is a perfect blend of convenience, quality, and value. Don't miss out on this gem!

517 Espanola St NE For Sale


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