Sellers

This blog is written to bring to your attention some often-problematic issues with selling/buying a house, specifically existing leases.

SOLAR AND SECURITY LEASES:

Did you realize there are leases that can create issues during the purchase and sale of a house?  These can include the solar system leases, and less thought of, the security system leases.  Pre-existing leases should always be disclosed in a property disclosure by the seller, and need to be dealt with in order to prevent delayed closings and even potentially failed transactions.  When a lease exists, there are some options:

1- the seller can try to terminate the lease early and potentially pay any penalties involved, as well as have the system removed prior to closing, ideally prior to

Thinking of selling your home and worried you’ll regret it? Here’s how to cope.

Selling your house can be scary: It's been your home, where you've lived and made memories. Chances are good it's your most important asset and your biggest investment so far. Wrestling with the emotional heft of putting your home on the market is a difficult byproduct of real estate -- but once a closing date has been set, the hard work is done. Right?

Actually, it's not uncommon for sellers to feel pangs of regret when a buyer gets serious. If you're feeling remorse for your soon-to-be-former home, don't panic: You're far from alone.

“When you're selling a house, you're not selling an object," says Bill Primavera, a REALTOR® in Westchester County, N.Y., and

Public Improvement Districts (PIDS)

Public Improvement Districts (PIDs) are created to help developers finance infrastructure in new communities such as roads, parks and other amenities.

Bonds are sold to finance these improvements and property owners are each assessed a portion of the bonds. This assessment is added to an owner's property tax bill and paid off over time.

New Mexico state law requires that sellers of homes within PIDS disclose certain information to the buyer before accepting offers. There are currently 11 PIDs in the Greater Albuquerque Area.

Selling your first house is a big deal. Learn how to sell a house and navigate the process, from setting a price to closing the deal.

Hire an Agent

Yes, you need an agent. Selling a house involves some strategy and know-how. An agent knows how to sell your house. He or she will help you set a price, market it, and make repairs, guiding you through the inspection, negotiating with buyers, and helping you navigate the closing.  

They'll also help you plan your timeline, and a really good one will help you through the emotional parts of selling a home you've loved.

Find the right agent by interviewing the ones -- at least three — you learned about through research and recommendations. Go with one who knows the specific ins and outs of your

Selling a home has its moments of joy and frustration. Here’s your emotional road map.

Source: "9 Powerful Feelings You’ll Probably Have When You Sell"

1. You Need A Large Down Payment

The first step to buy a home in Albuquerque NM for many home buyers is to get pre-qualified or pre-approved for a mortgage. Home buyers need a good lender to understand the different home loans they may be qualified.

There are many different types of loans and all different down payment requirements:

• In Albuquerque, there is a first time home buyers program that allows first time home buyers to buy a home with an out of pocket payment of $500 to $1000.
• There is another home loan called the Next Home, this home allows home buyers to purchase a home for as little as 0.50% down payment.
• Federal Housing Administration (FHA) loans require a down payment of only 3.5%.
• If you

Ugh. Mold. It’s ugly. It’s tenacious. It’s the uninvited guest that keeps visiting — no matter how rude you are to it. But, unwittingly, you may be setting up the perfect conditions for mold’s return: a food source, lots of moisture, and a pleasant temperature.

“You’ve got to eliminate one of those three legs of the stool so mold won’t grow,” says Pete Duncanson, director of system development for ServiceMaster Restore. “And it’s always easier to prevent than to remediate.”

Assuming you like warm showers and a comfy thermostat setting, there’s not much you can do about the temperature mold loves. But you can get rid of mold — and permanently prevent it — by controlling the other two factors: food and moisture. Here’s how.

Starve It Out

Mold is

The day will come — and it will be a wonderful, joyous, do-a-happy-dance day — when you receive an offer, or multiple offers, for your home.

And on that day, you’re going to face a question you may not have previously considered: How do you know if an offer is the best one for you?

Your listing agent will be a big help here. They will understand and help you suss out the merits and faults  of an offer because — believe it or not — it’s not always about price.

One buyer’s beautifully high offer might not look so good anymore, for example, if you discover that it’s contingent upon you moving out a month earlier than planned. Or, conversely, you may prefer speed over price, particularly if you’re moving to a new city. 

Your listing agent will

June is National Homeownership Month.  Fair housing laws make our communities stronger and more diverse.  Understand your fair housing rights and share the guide below with your clients.

Source:  "A HOMEOWNER AND BUYER’S GUIDE TO FAIR HOUSING"

If you want to get the full value for your green home when it comes time to sell, use a green real estate agent and a green MLS.

You’ve upgraded your home with the latest green features and there’s an eco-friendly buyer out there looking for a green home. How can the two of you connect?

Choose a green real estate agent

Hire a real estate agent who knows as much about green homes as you do. About 5,000 REALTORS® nationwide have earned the NATIONAL ASSOCIATION OF REALTORS® Green Designation by taking classes in green building, sustainable business practices, and green home marketing. A private company offers the EcoBroker designation.

Questions to ask a REALTOR® who specializes in green homes:

• Have you had special training in selling green