The NMWelcomeHome Team Blog - Rio Rancho

2013 Real Estate Year In Review

Posted by Carlos Martinez on December 27th, 2013

Take a look back at 2013’s dynamic year in real estate. Low mortgage rates, all-cash buyers and bidding wars played a part in the housing market's recovery. In 2013 we saw the housing market recover a lot faster than we anticipated. It was a great year for seller and homeowners who saw their home values appreciate.

Housing Prices Rose Fast
The local average sale price was $191,683 in November 2012 and rose to $198,249 by November 2013 according to gaar.com.

Mortgage Rates
Mortgage rates remained low with a slight increase. Fixed-rate loans were as low as 3.45 percent in December 2012 and rose to 4.49 in September 2013 according to Freddie Mac. Mortgage rates are likely to stay low and perhaps even drop between now and March 2014.

Housing Inventory
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Hear What The Sellers Have to Say - 505 Huron, Rio Rancho, NM, 87124

Posted by Carlos Martinez on December 19th, 2013

Hear What The Sellers Have to Say About 505 Huron...

The reason we picked this home was because it was brand new and had all the bedrooms that we needed. Each room was the perfect size. WE love the three car garage it is perfect for two cars and more. The area we live is quite and safe. Rio Rancho is growing and is close to anything that you need. We love the fact that we have an amazing view can see from Belen to Santa Fe. We have natural wood burning fireplaces one in the master bedroom that is basically at the same height as the bed. We are on one acre so skies the limit.

Extras include:

• Large Lot
• 3 Car Garage
• Spacious Home
• Amazing View
• Beautiful wood floors
• Wood Burning Fireplace

Click here for additional photos and…

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RayLee Homes invites you to take a Picture with Santa at the Saltillo Community

Posted by Carlos Martinez on December 12th, 2013

Take a Picture with Santa at the Saltillo Community, Saturday, December 14, 2013

Model Located at: 6274 Carmona Road NW, Albuquerque, NM 87114

Westside Living at its finest – Saltillo is an easy 3.5 miles west of the cottonwood mall. Saltillo offers oversized lots and nice features with Westside affordability. Kids who live in Saltillo will attend the brand new Tony Hillerman Middle School.

• LOCATION: From the Cottonwood Mall, head west on Ellison (McMahon) past Unser, turn right on Maravillas.

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Down-Payment... It Will Change The Home's Purchase Price & Its Mortgage Amount

Posted by Carlos Martinez on December 5th, 2013

Don't let the down-payment get you down!

Coming up with a down-payment for a home purchase can be a major roadblock for some. This is often the reason for renting, rather than owning, a home. A "down-payment" is the difference between the home's purchase price and its mortgage amount. The down-payment must be paid up-front and can vary by lender, location, and loan program. A higher down-payment generally translates into lower loan interest rate. Down-payments typically come from personal cash savings, but it can also be a borrowed amount secured by assets. Our mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the…

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Tips to Winterize Your Home

Posted by Carlos Martinez on December 1st, 2013

Get ready for winter and read these tips to winterize your home.

Furnace

Call an HVAC professional to inspect your furnace and clean ducts or do it yourself if you know how. Remove all flamable material that surrounds your furnace.

Fireplace

Cap or screen the top of the chimney to keep out rodents and birds. If the chimney hasn't been cleaned for a while, call a chimney sweep to remove soot and creosote. Inspect the fireplace damper for proper opening and closing.

Doors, Windows & Exterior

Inspect exterior for crevice cracks and exposed entry points around pipes; seal them. Use weatherstripping around doors to prevent cold air from entering the home and caulk windows.

Roof, Gutters & Downspouts

Replace worn roof shingles or tiles. Also,…

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I have had a foreclosure or short sale, can I buy a home?

Posted by Carlos Martinez on November 26th, 2013

Yes you can! Please read this blog for additional information or call us at (505) 259-3150

No longer have to wait to get a home loan after a foreclosure, short sale etc...Click Here

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Tired of Apartment Living? Want a Home?

Posted by Carlos Martinez on November 12th, 2013

Tired of Apartment Living?

Are you tired of living in an apartment? You may be tired of the uncertainty of rent increasing and not being able to make the apartment the way you would like.  In addition, the landlord may not make repairs in the way you might wish or ask you to leave. You and your family may need more freedom, privacy and space.   There is a feeling of pride and freedom when you own your own home. It is yours to remodel as much as you would like and you can pass it on to your children or use it to build equity to use in the future. Owning one’s own home is usually a strong goal for many people. If the real estate market goes up, your home can make you money. Every single dollar that you pay in interest for your primary residence is tax…

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Home Search Made Specifically For You and Your Needs

Posted by Carlos Martinez on November 8th, 2013

Time... Who can say they have extra time to constantly search for homes that match thier criteria?

Don't worry! NMWelcomeHome Team can set you up on an electronic home search that will send you the newest listings that match your criteria. Do you need that extra bedroom, bathroom or garage that you just cant find? Are you waiting for that home to go on sale in the area you love? We can make your search specific to your needs. We will send you the information as soon as it pops up.   As your Buyer Specialist, here are just a few things we do to help in your home search:

• Set you up on a home search, which will send you the newest listings that match your search criteria.

• Actively search homes that fit your needs.
• Arrange and schedule…

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You No Longer Need to "Wait" to Buy... FHA Back To Work Program Waives Foreclosure, Bankruptcy, And Short Sale Waiting Period

Posted by Carlos Martinez on November 4th, 2013

What is the FHA Back to Work - Extenuating Circumstances Program?

The Federal Housing Administration (FHA) realizes that credit histories don't always reflect a person's true ability or willingness to pay on a mortgage. The FHA Back To Work - Extenuating Circumstances program can help you apply for an FHA loan and get into a home. Millions of U.S. homeowners who experienced financial difficulty under extenuating circumstances are now eligible to purchase new homes. You no longer need to wait 3 years to apply for an FHA loan after experiencing a foreclosure, short sale or deed-in-lieu. You no longer need to wait two years to apply for an FHA loan after experiencing a Chapter 7 or Chapter 13 bankruptcy. FHA has waived these waiting periods. NMWelcomeHome…

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What Affects My Home Value?

Posted by Carlos Martinez on November 3rd, 2013

There are many things that can affect home value so I made a list of the top items that could have an impact on your home value.  Some of these you can correct and some you cannot.

• Location - Location can affect value especially if zoning changed in the area and now something undesirable is built.
• Lack Up of Updates - You can fix this with a minimal investment. I have see great improvements with paint and replacing all light fixtures. You can obviously go as far as you want but be careful and don't go to far!
• Short Sales and Foreclosure in your area - As the inventory for these sales types continues to go down it will have less of an impact on your home as time goes by. The reason is that appraisers will look at the last 3 months of sold…

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