Albuquerque, NM Real Estate Podcast with The Venturi Team

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Want to buy a home? Search all homes for sale Want to sell your home?  Get a FREE home value report Today I'd like to give you a detailed look at what's happening in our local market. When you go out and buy or sell homes, I want you to know what's happening in our market.  As you can see in the chart, 5,318 homes have sold in our area this year, and we've seen a 12% increase in home sales over last year. Also, you can see that we're making a nice recovery from when the market tanked in 2008 and 2009.  The next chart shows inventory over the last few years, and as you can see, inventory is historically low right now. We're currently just below six months of supply, and this is making our market favor sellers.  Active homes for sale have also evened out over the years from when the market boomed in 2005 and when it crashed in 2008.  Lastly, the average sale price hasn't fluctuated too much over the years, but it is trending upward right now. We're currently seeing an average sale price of $204,000. Our local market appears to be moving in the right direction. The market is stable, and it's very healthy. It's not moving as fast as some sellers want it to, but I feel very good about this market. If you have any questions or concerns for me, please don't hesitate to reach out to me!

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Want to buy a home? Search all homes for sale Want to sell your home?  Get a FREE home value report Today, we want to give you a quick update on market conditions here in Albuquerque. You've probably seen in the news that interest rates have been inching up as of late. They're still low, but this rise is expected to continue for some time. We're currently seeing low inventory, which is making it hard for the many buyers out there who are looking for the perfect home. If you're thinking about selling, now might be the ideal time to get top dollar for your home and sell quickly! Despite low inventory, we currently have a good assortment of homes available. In some other markets, some homes are getting up to 20 offers within a week of getting listed! Inventory is low but stable in Albuquerque, which means it's not a bad time to be a buyer either! Now is a great time to be a move-up buyer, which is someone looking to move from their $150K-$250K home to buy a home that's around $400K. There are a lot of buyers looking for homes in the $150K-$250K range, and there aren't many buyers to compete with in the higher price ranges.  If you have any questions about where our market is heading, or if you need real estate assistance of any kind, give us call or shoot us an email. We would love to help you take advantage of our healthy market!

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Buying an Albuquerque home?. Get a full home search, Selling your Albuquerque home? Get a free Home Price Evaluation  We're already starting to see signs of springtime here in Albuquerque, and we're not just talking about the weather. Many homeowners are getting ready to buy a home, and have asked us whether they should buy a new or existing home. Today, we want to share the pros of each, so you're prepared by the time the spring real estate season hits! Why buy a new home?Everything is updated: When you buy a new home, it will have the latest and greatest styles and construction methods. Most of the homes now are energy efficient, so your heating and cooling bills will be lower. Builders warranty: Pretty much anything that could possibly go wrong in the first year will be covered by a warranty. If something happens, you simply need to call the builder and they'll come out and address the problem.  Financing packages: When you build a new home there is often a financing package from the builder, where they'll help you with some of the closing costs and other fees. Why buy an existing home?Neighborhood has matured: In an established neighborhood, trees are larger and the chances that you'll have more extravagant landscaping are high.More character: Older homes often have unique touches to them that are hard to find in contemporary homes. Location: You can find older homes throughout the city. From Westside to Rio Rancho, the University to Sandia Heights and more, you'll find preexisting homes everywhere in the Greater Albuquerque area. New homes are in specific areas, so you don't have as much say when it comes to location. So, what's the best decision for you? If you need help deciding or would like to talk it through, come by our office for a buyer consultation. We'll sit down and talk about your comfort level. When you buy an existing house, there are three types to consider: move-in ready, good condition, and the fixer upper. As you can see, once you've made your decision, there is still a whole lot more to figure out before beginning the search. Give us a call or shoot us a quick email if you have any questions. We would love to give you a hand!

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (877) 933-6881 for a FREE home buying or selling consultation to answer any of your real estate questions.  It's hard to believe 2014 is already behind us and the new year is in full swing! Since it all happens so fast, we thought we would take a look back at the last 12 months in real estate and see what it tells us about the coming year. In 2014, we saw just over 10,000 homes sell in the Albuquerque metro area, which was a decrease of about 2% over 2013. Prices, on the other hand, saw a rise of 2%, and the average price of homes increased by about 1%. One thing that many of us got wrong was the direction of interest rates. We expected them to hit 5% by the end of 2014, but they actually continued to fall! What can we expect in 2015? For one, many in the industry are expecting this year to mark the return of the first-time home buyer, as millenials are predicted to come out in droves! We're predicting that the number of homes sold will rise by a healthy amount, and we expect appreciation to continue at its current steady rate. Rumors have it that a large, national home builder will be working in Northeast Heights this year. This is big news for the area, as there haven't been many exciting developments in that area in quite some time. Also, the Petroglyphs area has a master-planned community coming in 2015, so keep an eye out for that. Lending practices have been loosened a bit to allow more people to enter the housing market, which is great news for buyers and sellers alike. Fannie and Freddie have brought back their 3% down payment program for first-time home buyers. On top of that, FHA has decreased their insurance premium, which will allow even more people to qualify for loans!  We think this is going to be a steady, perhaps even "boring," year. By that we mean you aren't going to see erratic swings in the marketplace, which is great news. If you have any questions about what you can expect to see in Albuquerque real estate in the coming year, don't hesitate to give us a call or shoot us an email. We would love to hear from you!

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (877) 933-6881 for a FREE home buying or selling consultation to answer any of your real estate questions. It's important to prepare your home before the winter sets in, so you can protect it from damage that will cost you down the road. Home maintenance isn't something we like to do, but it's something we must do to improve our home's value and keep it looking nice. Today, we have a few tips on what to do to prepare for the cold weather season: Winterize the cooler: If you have an evaporative cooler, make sure you drain it, take the belt out, and ensure the pump is dried out. You want to make sure all the water is off before sealing it up. If you have a damper, make sure you put it between the cooler and the furnace at this time. Check the roof: During home inspections, the roof is typically the one item we see that gets the least amount of maintenance. If you're not comfortable checking the roof, we understand. However, we recommend having a roofing company come out and take a look at it. They'll check the penetrations and make sure everything looks good.Check your gutters and canals: Make sure there is no debris clogging the waterways on your roof. It's important that water is properly diverted to protect your foundation. Sweep your chimney: If you have a wood burning fireplace, be sure to sweep the chimney so it's ready to go when the cold weather sets in.Winterize the gas powered equipment: Make sure you drain the fuel of your lawnmowers, weed whips, and leaf blowers. You can also use stabilizers to protect the motors over the winter season.Change smoke detector batteries: This is just a good habit to get into. They should be changed every six months.Check your fire extinguisher: If you don't have one, you should get one. If you do have one, you should check it - they often go years without being used.Check for air leaks in the house: To maximize energy efficiency, use weather sealing and caulk to keep warm air in the house.Reverse the ceiling fan: This will push warm air down and circulate through the home. This is another easy tip to increase energy efficiency.We hope this checklist will make your winter preparations a bit easier. If you have any questions about these tasks, or would like more advice on how to protect your home, don't hesitate to give us a call or shoot us an email. We would love to help you!

There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (877) 933-6881 for a FREE home buying or selling consultation to answer any of your real estate questions. Most people think down payment and closing cost assistance is for lower income individuals. The truth is if you earn a moderate income, you may still be eligible for these benefits here in Albuquerque. There are a lot of different assistance packages available to those looking to buy a home:Payment$aver: If you qualify, you get a 'soft second' loan that has no interest rate and doesn't require monthly payments.Hero Program: Low- to moderate-income home buyers that are employed in specific occupations - such as teachers, safety workers, healthcare workers, and active armed forces members - can obtain 3% down payment assistance. Mortgage$aver:  Allows first-time home buyers to secure affordable mortgage loans. Helping Hands: Aids individuals with disabilities.Rio Rancho: Community development block grant allows down payment and closing cost assistance in Rio Rancho - up to 50% down payment and closing costs may be covered up to $5000.Greater Albuquerque Housing Partnership: Currently, four neighborhoods in the Albuquerque area are eligible for assistance.To get more details about the many programs available and whether you qualify, visit DownPaymentNM.com. For another great resource on assistance programs, don't hesitate to give us a call or shoot us an email. We work with some great lenders that can give you the helping hand you deserve!

There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (877) 933-6881 for a FREE home buying or selling consultation to answer any of your real estate questions. Today we're going to give you a quick update on the Albuquerque market so you know what to expect when buying or selling in the coming months. Overall, the quarterly report looks good, with the number of home sales holding steady from what we saw last year. Median sale price is also on stable ground, as we've seen a 2% increase. The most interesting part of the report is the difference between what homes are listed for and what they actually sell for - list prices are up 7% as opposed to only a 2% increase in sale price. It appears people are getting ahead of the market. While healthy, it's not quite to the extent homeowners think. As far as foreclosed properties are concerned, we've seen some progress. The number of bank-owned homes on the market has dropped to about 15%, which is the lowest in 3 years. That's a great sign for the market, as working through that inventory will only help with the market's recovery. I hope this bit of information has been helpful in some way. If you have any further questions, don't hesitate to call. We'd love to here from you.

There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (877) 933-6881 for a FREE home buying or selling consultation to answer any of your real estate questions. There are many useful tools on the web that will help you find the estimated value of your Albuquerque home. As convenient as these sites might be, there is something you need to know about them. New Mexico is a non-disclosure state, which means that the sales prices of properties are not publicly disclosed. Online home estimation tools asses value based on what homes are listed at in your county. This value is determined by a unique algorithm. The problem is that homes rarely sell for their listed price. Most of the time there is a 3-6% variation either above or below the asking price. Because of this, websites like Zillow don't have the necessary information required to give an accurate estimate. In fact, Zillow ranks lowest in terms of the accuracy of its estimates. But this doesn't mean it isn't useful. Zillow and other online home estimation tools are a great place to get a basic idea of what your home is worth, a good place to start. Once you have that baseline, contacting a real estate agent is your best option to get more detailed information on market conditions. We have the resources to do a full market analysis, see what other homes have sold for, and give you a full Comparative Market Analysis. So give us a call or shoot us an email and we'll give you a clearer picture of what your home is worth, it's what we do!