Featured Posts
Distressed Property Sales in Albuquerque and Rio Rancho
Nationally, in the 2nd Quarter of 2010 (April – June) just slightly over 24% of all home sales were distressed properties. Here in Albuquerque, 18.7% … [Read More...]
First Time Home Buyer Tips
For the first time home buyer, buying your first home is one of the most exciting things you will ever do. If you have spent years living in apartments, … [Read More...]
Real Estate
Distressed Property Sales in Albuquerque and Rio Rancho
Nationally, in the 2nd Quarter of 2010 (April – June) just slightly over 24% of all home sales were distressed properties. Here in Albuquerque, 18.7% of all home sales were distressed which was below the national average. In Rio Rancho, in the 2nd Quarter, 26.2% of all home sales were distressed which was barely above the national average. Distressed properties mean bank owned sales and short sales. But, … [Read More...]
Albuquerque and Rio Rancho – August 2010 Market Stats
The numbers from August 2010 present a mixed message for Albuquerque’s real estate market. The number of new listings in both Albuquerque and Rio Rancho were up in August 2010 over the previous August by 7.4% in Albuquerque to 1,007 and up in Rio Rancho by 22.3% to 241. But the number of houses that went under contract dropped in both cities by a big margin year over year (August to August). The … [Read More...]
Albuquerque and Rio Rancho – 2010 2nd Quarter Market Stats
The real estate market in Albuquerque and Rio Rancho was a bit mixed in the 2nd quarter of 2010. The number of sales was helped by the end of the government first time homebuyer tax credit. In Albuquerque there were 1,564 sales of detached homes in the 2nd quarter which was up 20.3% from the 2nd quarter 2009 but the average price dropped 2.6% to $215,146. In Rio Rancho there were 390 sales of detached … [Read More...]
First Time Home Buyer Tips
For the first time home buyer, buying your first home is one of the most exciting things you will ever do. If you have spent years living in apartments, there is nothing more satisfying than owning your own property. The process can be a little lengthy and you might hit a few bumps in the road to home ownership. The following tips will help the first time homeowner avoid some of the hiccups. Step … [Read More...]
Lessons Learned When Buying Auction Property
I've always been interested in property, having completed studies in interior design and have had a few lucky purchases when it comes to houses. I picked up a bargain with my first house, an ex-local authority end terraced place that I purchased for an absolute snip. After the usual updates eg. new kitchen, bathroom and windows etc, I was able to sell it with a profit margin enough for a decent deposit … [Read More...]
Short Sale Investing: Guidelines on Both a Buyer and a Homeowner’s Perspective
The cost of maintaining a real estate property is indeed treated an expense that must be spread over the asset’s useful life even if it depreciates. In real estate, when you shed a sum for maintenance, repairs, and other property necessities to be used to generate sales, you treat the item as an expense. Let’s put things in a much comprehensible example: let’s say you purchased a van to be used … [Read More...]
Avoid Top Ten Mistakes Made by Real Estate Investors
Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing … [Read More...]
The Truth about Mortgage Rates
The best rumors have the longest staying power, and the untruths about the connection between Bank of Canada interest rate cuts and mortgage rates is a prime example. Why? Well, though Bank of Canada interest rate cuts do affect the financial industry, they do not affect every segment of the financial sector; some segments are directly affected, others are only indirectly effected, and then there … [Read More...]
Guy is an Associate Broker helping his clients buy and sell homes in Albuquerque and Rio Rancho