Found 5 blog entries tagged as New Mexico.

Thinking About Selling and Want Full Market Value?​

Selling your home can be a daunting and time-consuming process, especially when you're navigating the traditional real estate market. However, for homeowners in New Mexico, there's a faster, more efficient alternative: receiving immediate multiple cash Market Value offers through services like

CashOffersNM.com​

What Are Immediate Multiple Cash Offers?

Immediate multiple cash offers refer to the process where homeowners receive several purchase offers from cash buyers shortly before or after listing their property. These offers are typically made by investors or companies looking to purchase homes quickly, without the usual contingencies and delays associated with traditional sales.​

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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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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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Foreclosure in New Mexico

To fully understand the Short Sale Process it is important to know the potential process of foreclosure.  These answer's below will help you to understand the difficulties and obstacles in the short sale process.  

How are New Mexico mortgages foreclosed?

In New Mexico, the lenders go to court in what is known as ajudicial foreclosure proceeding where the court must issue a final judgment of foreclosure. The property is then sold as part of a publicly noticed sale. The court with jurisdiction over a foreclosure is known as the District Court in the county in which the property is located. A complaint is filed in this court along with what is known alis pendens. A lis pendens is a recorded document that provides public notice…

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