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

Sell Your Home Albuquerque and Rio RanchoYou may need to Sell your home in order to Buy. We are very successful with helping a current home owner negotiate a purchase on a new home and getting their current home sold, in a reasonable amount of time.

Often, owners are are unsure about the value of their home which is the most critical piece of information when trying to make the decision to sell and buy. This is where we can hlep with our no obligation consultation and a FREE Market Evaluation of your home.

Not only will we tell you what your home is worth but we also tell you how much you will net on the sale of your home. Knowing how much you will make when you sell your home, is in my opinion, the 2nd most important piece of information when deciding to sell.

In addition to our Powerful…

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FHA will be raising their monthly premiums April 2013 and will remain for the entire life of the loan!  Premiums currently would drop off once it reaches less than 78% of the original principal balance. SOON THAT WILL CHANGE! The ONLY thing you can do right now is buy a home before this goes into effect.

Start your home search here.

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NMWelcomeHome MobileThats right, we are now mobile! With our new mobile friendly internet version of www.NMWelcomeHome.com you will be able to search ALL homes in the Albuquerque and Rio Rancho area easily.

Use the 'Properties Near Me' function to help you locate homes within the neighborhood you want to live in. Or try the 'Advanced Search' to set search criteria for the perfect home. You can also see all my listings by clicking on the 'Featured Listings' button.

With couple of other fun tools you can put in the 'City, Neighborhood, Zip or MLS Number' to quickly pull listings to view.

Once you pull up a listing you want to view, click on the 'More Photos' to view all photos avaialble, see the quick specs and description right below that. You can also see 'Additional…

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FHA will be raising there monthly premiums sometime 2013 and will remain for the entire life of the loan!  Premiums currently would drop off once it reaches less than 78% of the original principal balance. SOON THAT WILL CHANGE! The only thing you can do right now is buy a home before this goes into effect.

Start your home search here.

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This property at 8111 Cutler Ave NE is an investor special. All brick home behind Uptown near Coronado and Winrock Mall
I would like to invite you to view the property on Friday 8/17 from 11:30 - 12:30 PM.
List Price $115,000 - 2150 Sq Ft 3 BR 2 BA
We will take offers and respond to Highest and Best by 8/21/2012
***Seller Financing Available***
Please let me know if you plan on attending

Map to property
Remarks:
Consider this a rare opportunity for a NE home with a clean slate and ready for your vision. If you know the area, it is no secret that this home is in a prime location near all the major and exciting amenities NE Albuquerque has to offer. Neighbors are wonderful and looking forward to the…

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Some basic information that may help you in your quest for more information on a home listing.

If you notice the information located in the 'Additional Information' section of a MLS Listing Display. This information will be available for all listings and is typically located at the bottom right hand side of the display.

 

 

 

The 'Additional Information' will also let you know if the home is a Short Sale or Bank Owned Home.  This can be useful if you are or are not interested in short sale's or foreclosures.  If it does not specifically have RE/Bank Owned or Short Sale then it is just a regular sale.

 

 

So here are some quick definitions for financing:

  • Conventional - This is a common type of financing with a…

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Beginning April 1st, 2012 FHA will be raising their upfront Mortgage Insurance. You may be asking yourself 'how does this effect me'?

Here is a scenario:

Your current loan approval amount $150,000 FHA

Old Monthly MI = 1.15% = $143.75 Monthly MI

New Monthly MI = $1.25% = $156.25 Monthly MI

Old Upfront MI = 1% or $1500 based on above loan amount (added to loan amount)

New Upfront MI = 1.75% or $2625 based on above loan amount (added to loan amount)

This means that you would qualify for about $5,000 less on your mortgage with the new increase beginning April. Your loan amount would decrease to $145,000.

This reduction may be signficant to a buyer trying to max out their purchase, which happens all the time, by the way. If you feel you this…

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We would love to see you at The ABQ Home Expo. Vist booth 307 for a FREE Instant Market Analysis, Foreclosure Listings and learn how to enter for a chance to WIN a day at the Spa!

Show is February Saturday 18th 10am-6pm and Sunday 19th 10am-5pm.

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I have many clients use Zillow as an estimator for the home they are selling or the home they are buying. What Zillow does not explain to the unkowning customer is that:

  1. Zillow pulls their information on active listings from our private MLS - They don't get all the data but about 90% of it.
  2. Zillow does NOT have access to sold prices in NM because New Mexico is a non-disclosure State and does not record and make public what a home has sold for. They only show the mortgage amount.
  3. Zillow has no solid data to estimate value on any home.
  4. Another national site, Trulia will send you properties that have been off the market for 2 years just to get you back to the site. Trulia keeps listings in their system and never deletes it. Means old out-dated…

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