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

We chose this home because of the location. We love our neighborhood and the area. The neighborhood is very quiet and family oriented. The views of the Sandia Mountains and the city are incredible! You are able to watch the 4th of July fireworks in the backyard from Balloon Fiesta Park and watch the thousands of balloons float across the city and multiple land in our street during Balloon Fiesta week. Also the house is half a block from protected open space and Petroglyph Park. The area has plenty of grocery stores and not far from Cottonwood mall and shopping with easy access to Paseo Del Norte. Its been a wonderful place to live and I'm confident the next family will also love this house and neighborhood!

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Looking to buy a home in Albuquerque or Rio Rancho NM? We have a team of Buyer Specialist that can help you find your home and navigate the home buying process. It doesn't have to be scary or difficult, let our Buyer Specialist be your guide.

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According to Abodo.com rents rose 10% last month. This is the 5th biggest jump for a city in the country. With rents increasing it should make you consider the possibility of owning a home with a yard and room to grow. Why pay your landlords mortgage and walk away with nothing in the end. You have to live somewhere, why not invest in your own home.

We talk with many renters and they think they cannot afford to buy or qualified enough to secure a mortgage. My response 'you will not know until you try'. The process to find out is painless and only requires a minimal amount of time. At a minimum you get a free credit report and know exactly where you stand with a path to home ownership.

Do it before interest rates go up.  Give us a call at (505)…

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I'm sure you have heard of the recent interest rate increase and the commitment to increase the rate consistently over the next year...

What does this mean for you?

It could me less buying power. As the rate climbs so does your monthly payment and affordability. Home prices will still continue to increase but your buying power will go down or if you choose to buy when the rate is higher, your payment will be higher.

My suggestion is to get out there and start now. A 1% increase in rate can impact your buying power tremendously. See an illustration here.

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It's always fun to look at some amazing luxury Albuquerque homes for sale. Some of these amenities are unbelievable from infinity pools and expansive views to full bars in the game room. I wish I could have some of them in my home, how about you?

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The short answer is Yes!

Of course some of this decision depends on your plans during the holidays.  From my real estate perspective I feel its a great time to buy or sell a home.  For home buyers looking to buy its important to consider that the sellers that have their home on the market are serious and have made a conscious decision to sell during the winter months.

For the sellers looking to sell a home in Albuquerque or Rio Rancho those buyers have made that same decision to house hunt and are very serious to be moving during the holidays and winter months. 

This makes for a great scenario in negotiating for both seller and buyer as they have both made a commitment to sell or buy.  If you are interested in getting started in this process…

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