Tuesday, December 20, 2011

Short Sales!!!! Is it worth it?

Now there is a question I hear on a regular basis! Whether you are searching High Desert Homes for Sale or Albuquerque Downtown lofts for sale, of course they are worth it! Sure it may take a little time but if the Listing broker knows what they are doing your answers may come quicker than you expect. Typically the banks are more flexible with their negotiations as the time on the market increases. Remember each type of mortgage has different procedures they follow. Knowing those procedures will help you.

The bottom line is this: use a broker that has been trained in the Short Sale process and your offer will stand a much better chance of success.

The Albuquerque Real Estate Group Brokers are all Certified Distress Property Experts. We would love to help you!

Remember, for more information on this topic or other real estate in Albuquerque questions contact TheAlbuquerqueRealEstateGroup.com

by Tim Fish

Saturday, December 17, 2011

Albuquerque Home Market - No, Seriously..

I really don't care what you have read or what your neighbor or co-worker, who has no idea about the current Albuquerque Real Estate market says - The good homes are selling and they are selling FAST!!!

In the past month I have seen five (5) of my buyers find a home...go home and think about it...call their friends to see what they think...think about it again for a couple days...then decide to make an offer...call me only to find out that the home has been under contract for the past 2 days. If you are serious about buying a home and find it, BUY IT!! Interest rates are crazy low and inventory is high. What else needs to happen??

So, to all you home buyers out there, Albuquerque homes for sale are selling and the good ones are going fast! Our numbers continue to rise month over month. Thats a fact! So buckle down, find your home and buy it, because there are buyers out there who will beat you to it if you drag your feet. So here's some tough love - you can learn your lesson the hard way or you can listen to your real estate agent, get aggressive and buy your new home.

by Tim Fish

Monday, December 5, 2011

Albuquerque homes for sale - What's the Value of a price reduction?

I have been fortunate to have the conversation with several of my peers about the value of a $5,000 price reduction. The conclusion we arrived at really made sense to us and several of our Sellers!

To begin, let me point out that ABQ homes for sale in this market MUST be properly priced or simply should not be offered for sale. With that said, a $5,000 price reduction on an Albuquerque Home for sale would save the buyer a whopping $24 a month! That's equal to a lunch for two! Granted, that's a savings of $288 a year but we felt that there is a much more appealing offer that could be made.

Why not make the home EASIER TO BUY for a buyer by offering to pay $5,000 in Buyer's closing costs? Now this is real money! It could make the difference between a buyer's ability to buy a home now or the buyer having to wait to save an additional $5,000 for closing costs!

If you have any questions regarding this blog topic or real estate for sale, please contact us at:

by Tim Fish

Thursday, December 1, 2011

Albuquerque Homes for Sale - Competitive or Compelling?

I recall a day when sellers were asked to price their homes competitively. That is the seller was expected to price their homes in the range of other similar properties. Well, today the sellers should price their homes compellingly. What's the difference?

This market is the new normal. The fact is it is probable that some homes in your area may not sell! Now that's a new thought! What I'm saying is your home may not sell!

What can a seller do to price their home in Albuquerque for sale? First you must look at your competition. Not just in your neighborhood, but in your area. Find out just how many homes are on the market, how many have sold, and how many did not sell. Look at the low end for the area; can you afford to sell at that number?

Look at your time frame; when must you close in order to accomplish your ultimate goal? Now subtract 30-45 days from that date as this is the time it will take to qualify a buyer. Count the number of days from today til that date, this number represents the days you have to obtain an offer from a qualified buyer. Now look at the average days on the market for you area. Is this number higher or lower than the days you have to receive an acceptable offer. Price your home accordingly so that you don't become one of the homes that did not sell.

A knowledgeable real estate agent should assist you in the process. But remember, you control the price, condition and time it will take to sell your property.

If you have any questions regarding the pricing of your home, or relocating to Albuquerque be sure to contact TheAlbuquerqueRealEstateGroup.com.

Thanks, Tim Fish