Hot market expected to continue into 2021

By: Brittany Bade

Posted: Dec 28, 2020 / 05:30 PM MST / Updated: Dec 29, 2020 / 06:43 AM MST

NEW MEXICO (KRQE) – People on the market for a home in Albuquerque or Santa Fe know that places are not staying on the market for long. Darlene Streit, a realtor in Santa Fe says it’s been busy and some people have even bought remotely without even seeing the home.

“It’s unprecedented. I’ve been in real estate 31 years and I’ve never seen a market quite like this one,” said Sherry Fowler, the President of the Greater Albuquerque Association of Realtors. Real estate is one of the few booming industries in 2020, despite being in the middle of a global pandemic. “It was really crazy we didn’t expect with the

It’s not just whether you pay your bills on time that matters.

Like it or not, your credit score is one of the most important numbers in your life, ranking up there with your Social Security number, date of birth, and wedding anniversary. This three-digit number is your financial report card, except there’s no getting rid of it after college.

Your credit score shows lenders just how trustworthy you are when it comes to managing your finances, and it can either save or cost you thousands of dollars throughout your life. 

If you’re in the dark about just how significantly this number can impact you and the details behind your personal score, here’s an overview of what you need to know before hitting the mortgage application process.

How Your

From finding an inspector to dealing with surprises — this is your guide to getting a house checked out.

The first thing you need to know about home inspection: You’ll feel all the feels.

There’s the excitement — the inspection could be the longest time you’re in the house, after the showing.

Right behind that comes … anxiety. What if the inspector finds something wrong? So wrong you can’t buy the house?

Then there’s impatience. Seriously, is this whole home-buying process over yet?

Not yet. But you’re close. So take a deep breath. Because the most important thing to know about home inspection: It’s just too good for you, as a buyer, to skip. Here’s why.

A Home Inspector Is Your Protector

An inspector helps you make sure a house isn’t

Keep the vintage wallpaper, but upgrade that time- and money-draining retro thermostat to programmable.

What may seem like a good idea, often isn't. 

Here are 17 common mistakes new homeowners often make.

#1 Get Rid of Your Only Tub

If resale value is important to you, don't get rid of your only bathtub no matter how dreamy that walk-in shower looks.

It will make it harder to sell when the time comes. You'll flat-out lose buyers who love a good soak or need a tub to bathe little ones (both human and four-legged).

#2 Leave Cabinet Doors on While Painting

Painting your kitchen cabinets pays off big at resale — it's a small investment for a big "wow." But the job's time-consuming, so it's tempting leave the doors on.

RESIST. At all

Sure-fire ways to spot a fixer-upper that’ll fix you up financially.

A few years ago, Alessandra Pollina and her husband, Ondre, were looking for a property that would need no more than some cosmetic changes and upgrades. But because the price was right, they ended up with the ultimate fixer-upper: a two unit, single-family-style home that was already gutted to the studs.

They were excited about its potential, not to mention the one-half acre of land the house is sitting on. “That's unusual for Boston," Pollina says. “It's the biggest backyard ever."

Four years and many renovations later, Pollina estimates her home in the Dorchester neighborhood is worth (drum roll, please) an epic 56% more than it was when she bought it. Wow, talk about a return

NewMexicoHomeSearch.com is home search and lifestyle website designed specifically with New Mexico homeowners, home buyers and home sellers in mind. By partnering with New Mexico True and MLS’ around the state, we provide the most accurate and extensive source for property listings and value-added advice for living in New Mexico. Through the site, not only will you find the perfect home, you can find a local Realtor that could be your perfect match.

Find homes all around New Mexico! Download the mobile application below!

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Start the search for your dream home today! 

REALTORS® will be showcasing their listed properties in an online open house with virtual tours sponsored by the Silver City Regional Multiple Listing Service from 2 pm on Sunday, June 28 through 2 pm on Tuesday, June 30.​

Make sure to view all the gorgeous properties that Silver City and the surrounding areas have to offer!

Visit www.newmexicoopenhouse.com/ to see the full event details!

The Parade serves to provide New Mexico with a renewed celebration of the great features and exciting new home projects that are available in the Albuquerque area. For the Spring 2020 Parade, we’re excited to present several homes from some amazing home builders! To view the Spring 2020 homes, please click the button below.

The Home Builders Association of Central New Mexico (HBA) is proud to bring you the Spring 2020 Parade of Homes. The Parade showcases many of our area builders as they celebrate the home. We think you’ll enjoy the inspiring designs. We hope everyone who comes out over both weekends of the Spring 2020 Parade enjoys seeing the best that the Albuquerque home builders have to offer.

Event Information

New Feature! Virtual

There are no dumb questions to ask a real estate agent.

Home buying seems simple enough: Find a house you like that’s close to work or school, tell someone you want to buy it, and move in.

But there's more to it than that. You’ll have to find and get approved by a lender who will let you borrow a few hundred thousand dollars, lock in a mortgage rate, figure out how much house you can afford, put in an offer that will entice the seller, get an inspection and an appraisal, pay closing costs and sign a whole bunch of paperwork.

Phew! We need a break just thinking about all the questions to ask when buying a house.

Your real estate agent can help you understand the process. But if you don’t ask questions or get your agent to clarify something you

Resources to help you navigate the new real estate normal.

Technology and good-old-fashioned creativity are helping agents, buyers, and sellers abide by COVID-19 health and safety practices while getting deals done.

Some buyers are touring houses virtually. Others visit in person while remaining at least six feet from their agent. Sellers are hosting open houses on Facebook Live. Appraisers are doing drive-by valuations. Buyers are watching inspections via video call. Masked and gloved notaries are getting signatures on doorsteps.

“We have had to make some adjustments, for sure,” says Brian K. Henson, a REALTOR® with Atlanta Fine Homes / Sotheby’s International Realty in Alpharetta, Ga. “Everyone is trying to minimize face-to-face interactions.