Albuquerque Real Estate Blog

Want To Sell Your House Faster? Don't Forget to Stage!!!

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.

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Buying a House This Summer? Be Prepared for Bidding Wars.

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different!

Buyers have already been out in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition for the homes that are available.

A recent ...

Why Should You Use a Professional to Sell Your Home?

When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed a buyer’s behavior during the home buying process. According to the National Association of Realtors’ ...

Getting PreApproved Should Always be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended...

Just How Important is a Bathtub for Resale

Realtor Magazine
FEBRUARY 2018 | BY BARBARA BALLINGER
It's long been believed that every home needs at least one bathtub to attract the widest group of buyers. But with increased interest in big, well equipped, walk-in showers, does a tub really matter that much?
bathtub

Bathrooms reflect trends as much as any room in a house does. Back in...

What Impact Will the New Tax Code Have on Home Values?

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

What Impact Will the New Tax Code Have on Home Values? | MyKCM

As we can see, CoreLogic projects...

Tax Reform & Housing: A Reference Guide

When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:

  • Changing the requirements for the exclusion of gain on the sale of a principal residence
  • The reduction on the limit of the Mortgage Interest Deduction (MID)
  • The elimination of the State and Local Tax deduction (SALT) which includes property taxes

Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market.

1. Exclusion of gain on sale of a principal residence

Original Proposal: Owners would need to live in their house for at least 5 out of the last 8 years to claim this exemption. Under the former tax framework, a typical owner, who has lived in their house for at least 2 years out of the last 5 years, would pay nothing in...

Downtown, public arts scene helps ABQ top Sunset Magazine’s list of best places to live

By Adrian Gomez / Journal Arts and Entertainment Editor
Published: Wednesday, January 3rd, 2018 at 2:58pm
Updated: Wednesday, January 3rd, 2018 at 11:34pm

Albuquerque is known for many good things.

A burgeoning film industry.

An arts scene that grows exponentially each year.

Dozens of nature trails.

And what’s not to love about more than 300 days of sunshine annually?

All of these examples were noted by Sunset Magazine in its list of “20 Game-Changers That Are Redefining the West” in the February issue.

The city ranked at the No. 1 spot beating out Taos, Flagstaff and Tempe, Ariz. for the honor in the Southwest.

“The West was founded by pioneers and continues to evolve thanks to that same pioneering spirit as forward-thinking...

Four Tips for Deep Cleaning Your Home BEFORE You Move In

So, you’ve closed on your house and it’s time to figure out what the next step is. Don’t load up the moving van just yet — this is the perfect time to do a real deep clean on your new home! After all, you have no idea when the last time the place was cleaned or what the prior owners may have done inside or what residues remain. Without furniture or boxes in the way, deep cleaning will be a cinch, so let’s get to it.

Deep Cleaning an Empty House: Begin at the Beginning

It can feel overwhelming to deep clean an empty house that’s brand new to you. You have no real sense of the space or how the whole thing fits together just yet, but that’s ok, start by making a list. Walk through the house and note everything that’s going to need a good wipe down or scrubbing. For example, your living room might have a ceiling fan, a fireplace,...