Sellers

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

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Timing is everything, especially when it comes to selling your house. Historically, the milder weather and longer days of spring signal the start of the peak selling season. However, the 2020 selling season brings more than open houses and eager buyers with it – it also brings the threat and uncertainty of the coronavirus (COVID-19). This health concern has sellers and REALTORS® rethinking traditional marketing techniques and looking for responsible ways to sell during the coronavirus pandemic.

Delaying your home sale is not necessary or required because there are work-arounds that will keep your family safe during the process. REALTORS® are taking the safety of their clients very seriously during the

With these tips and tricks, your house will be swoon-worthy in no time.

All the world’s a stage, said the Bard.

That includes your house. Which is for sale. And thus needs to look bee-yoo-tee-ful.

Staging entails hiring experts with a flair for interior design. They reimagine your living space and give your house a makeover (with temporary decor and furnishings) so that it gets “oohs” and “aahs” from the buying masses. 

Great staging isn’t an insurance policy — there’s no guarantee it will bring in more money when you sell your home — but it’s an important marketing tool. It presents your house in a flattering light and helps you compete at a favorable price. (In that sense, staging is like dressing your house for the price you want, and

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

REALTORS® are community leaders – That’s Who We Are®. You shape and help build neighborhoods that thrive. By promoting diversity and inclusion you unlock access to opportunities that transform lives and boost business. Thriving communities mean:

• A strong economy = more jobs, more income, more business
• Healthier people
• A cleaner environment
• Higher-achieving students
• Safer streets

Fair Housing Month is Here. So is Coronavirus.

April is upon us. This time of year is usually a flurry of spring market activity. It’s also a time when we reflect on the ways people are shut out of the housing market, and commit to expanding housing opportunity, with our annual observation of Fair Housing Month. This year is different. Because of

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