A lot of home sellers have said some version of this:“We know the carpet is worn, but we’ll just give the buyer an allowance.”It sounds simple. The seller avoids spending money before listing. The buyer gets to choose the flooring they want. Everybody wins.Except, real estate usually does not work that cleanly.A carpet allowance, paint allowance, flooring allowance, or repair allowance can sound like an easy solution, but it often creates more confusion than clarity. The issue is not just whether the seller is willing to help with the cost. The bigger question is how the home presents, how buyers react, how the offer is written, and whether the buyer’s loan will even allow the credit the way everyone imagines.The Buyer Sees the Condition Before They Hear About the CreditThe first challe... 07/09/2026

If you've seen the latest headlines, you've probably heard that Albuquerque home prices reached an all-time high in June.That's true.The median sale price climbed to $393,000, while the average sale price reached $474,000—both new records for the Albuquerque Metropolitan Statistical Area.At first glance, it would be easy to conclude that home values suddenly jumped across every neighborhood.But that's not what the data shows.When I dug deeper into the numbers, one trend stood out above everything else.The Luxury Market Had an Unusually Strong MonthThe biggest story wasn't simply that prices increased.It was which homes sold.Normally, homes priced above $750,000 account for roughly five to six percent of all monthly sales in the Albuquerque area.In June, that changed dramatically.Closed ... 07/07/2026

This one was not inspected!  create delete By Fred Hernden, CMIHome Inspector with Superior Home Inspections - Greater Albuquerque Area InterNACHI 10041206 May 26, 2017 06:54 AMReport The other day I did an inspection on a house that was only two years old. I like those... they usually have very little to no issues. And, that was the case here too! I was starting to wonder if I was going to find anything! That is, until I got into the attic areas. There were two attic areas, one was a small area just above the master bedroom and bathroom, and the other was on the second story. So everything was under the second story roof but the master and bathroom. Well, the upstairs attic areas was fine, looked good, blown in cellulose that calculated out to be R30. Good! The first story attic area a... 09/08/2024

NOTE - This is a re-post of an article I published back in 2016. It was picked up by several websites and distributed around including to Linkedin. I haven't posted here in several years, but have a TON of blogs to check out! ARTICLE: Are elements in your garage posing a fire risk or other dangers to your home and family? My rule of thumb has always been, if you want to park one car in the garage, you need a two-car garage, and two cars needs a three-car garage. Junk, errr... I mean "stuff" is almost always prevalent in most garages. Regardless of how you use your garage, if you use it for items like paint, gas for the lawn equipment, small propane tanks for your barbecue, cleaning solutions, paper or clothes, if a fire starts in your garage, you don't want it to spread to the attached... 08/31/2024

Nestled within the vibrant city of Albuquerque, New Mexico, lies a community that embodies the essence of active adult living—Del Webb Mirehaven. Boasting an array of amenities, picturesque landscapes, and a welcoming atmosphere, Del Webb Mirehaven is more than just a neighborhood; it's a lifestyle. This article delves into what makes this community a coveted destination for those seeking an enriching and fulfilling retirement experience.Located near the Petroglyph National Monument, Del Webb Mirehaven offers residents the perfect blend of natural beauty and urban convenience. Situated just minutes away from downtown Albuquerque, residents can easily access a myriad of cultural attractions, dining options, and recreational activities while still enjoying the tranquility of their serene ... 05/11/2024

Welcome to this fabulous home listed for sale in the coveted Bosque Del Rio Community. Bosque Del Rio is one of Albuquerque’s best-kept secrets and an area with rare opportunities to purchase a home. While the main travel arteries are Coors and Paseo Del Norte, this quiet and peaceful community is tucked away among the massive old-grown Cottonwood Trees. Private access to the Bosque (Cottonwood Forest) and along the Rio Grande is just a short stroll away for cyclists, walkers, and nature lovers. The Bosque Del Rio community also has a private park for its residents. This exceptional Northern New Mexico-style home is at 2708 Bosque Del Rio Lane NW Albuquerque, NM 87120. It has approximately  2368 sq. ft of living space and a three-car garage and is situated on a 0.25-acre lot in a quiet ... 11/15/2023

8044 Bellamah Avenue Northeast Welcome to this fantastic single story floor plan! This home features lots of great space and many rooms for many possibilities. The rooms can be used as a bedroom, workout room, hobby room- there are so many things you can do with this space! The kitchen is very open and offers great light! The main living room has a double sided fireplace and is very open. The backyard is extremely large and offers additional great space to enjoy! This property is conveniently located to shopping, the interstate and restaurants. Now is your chance to make this yours! ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​ 07/28/2021

2020 Abo Canyon Drive Northwest If the large gated and open porch space is not enough to convince you that this home is special, then wait until you walk inside to see the 3 full bedrooms, private office with french doors, the chefs top level kitchen with all upgraded SS appliances, the large master bedroom with expanded window area and a huge master bath. Open floorpan with a separate PPC space for your home office or a place for the kids to do their homework. The fully landscaped backyard includes turf and a large trellis area for entreating year round. The garage has one unique feature too, a full screen door to allow the doors to remain open yet still have fresh air flow thru the 3 car tandem garage. This home is better than new and ready to occupy today. ​Contact Information:Valeri... 06/09/2021

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could offer and still get the home. The asking price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than the list price. It was unthinkable to pay more than what the seller was asking.Today is different.The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some ca... 03/30/2021

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.The Biggest Perk for Buyers: Low Mortgage Rates Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that’s slightly higher than the record-lows from 2020 and earlier this year, it’s still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):This is a huge advantage for buyers and helps to make owning a home... 03/30/2021

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares:“Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.” (See graph below):When buying a home, it’s important to determine a monthly budget so you can plan for and understand what you can afford. However, when you need to stick to your budget, even a small increase in the mortgage rate can make a big difference.According to the National Association of Realtors (NAR), today, the median exis... 03/30/2021

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares:“In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’ predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the pandemic.”With more opportunities to work from home and a growing interest in having extra space for things like virtual school, working out, and cooking more meals, the desire to own a home that can meet these needs cont... 03/30/2021

Look at the decline from July 2018 to February 2021!This is a good visual aid to understand why we are experiencing multiple offer scenarios with our Buyer's. We are experiencing low inventory levels across the country. It's very important you pick a team that has the experience to get that winning offer. In regards to our Seller's, we will make sure your property is priced competitively which will cause your property to sell faster and attract multiple offers. Contact me today!Phillip GonzalesAssociate BrokerJT & AssociatesKeller Williams Realtyphillipnmrealtor@gmail.com(505) 930-1413Homes For Sale Albuquerque 03/28/2021

There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market. With these busted myths in hand, be sure to also work with a trusted real estate advisor so you can decipher local facts from fiction along the way. Here are 5 common misconceptions about today's competitve market. It's better to get pre-approved after you find the perfect home to buy.Reality= You should get pre-approved before you begin your home search, so you know your budget and can act quickly when you're ready to make an offer. It makes your offer stronger to sellers, too. Always start with your lowest offer when buying a home.Reality= ... 03/27/2021

We have been working with numerous buyers looking to purchase a home for sale in Albuquerque. With low inventory levels driven by historic low interest rates and the current forebearance that is in place for home owners, it has become challenging for FHA/VA buyers. Cash buyers and in some cases conventional buyers have more options at their disposal. A big one is the appraisal waiver. This is something FHA/VA can't accomodate. We are seeing this happen in many cases win the deal. If Buyer has money to use for an escalation clause, this may be an option. We must be transparent with buyer when going this route. We never want to create a situation where a Buyer is left with having to cover a 15k difference. This happens in a escalation clause sitution. Other methods we can use is asking fo... 03/26/2021

It's definitely a seller's market. I have buyers, and I must write creative offers. I wake up and have my coffee. I then login to flexmls. I see the low inventory we have. I start reserving showings and that's complicated. Listings getting multiple showings. Buyers are making offers without even looking at the house physically. It's hard to get a tour scheduled. Renters are now realizing they want to buy because of the historic low rates. Sellers are on pause because of the pandemic. Demand is higher than supply. There are times a listing sells for 20k above asking price. We are now using an escalation clause. Maybe even 1k towards sellers closing costs. What are you doing to be creative? 03/01/2021

Albuquerque Housing Market August 2020Albuquerque real estate market experienced huge increases in home prices, average home price is up 15.8 percent, and median home prices increased by 14.2 percent.  This is the direct result of low inventory and strong demand to purchase homes.  It is very difficult to purchase a home for $350,000 or less. There are multiple offers and these homes are selling in a few days. Homeowners in the $200,000 price range are receiving multiple offers in the first 24 hours. Now is a great time to sell if you own a home valued under $350,000.The number of pending sales increased by 32.1 percent, I expect to see home sales increase in September because of this increase in pending sales.This is going to remain a sellers’ market as inventory is low. This won’t cha... 09/14/2020

Albuquerque Housing Market July 2020July's real estate market in Albuquerque has made a shift since June 2020.  Inventory is down by 53.7 percent compared to July last year. Average home prices are up 9.4% and median home prices are up 8.3%. The number of homes sold in July is up an astounding 22.6 percent. It is really surprising to see home sales surge with so little inventory.  It is very difficult to purchase a home for $350,000 or less. There are multiple offers and these homes are selling in a few days. Homeowners in the $200,000 price range are receiving multiple offers in the first 24 hours. Now is a great time to sell if you own a home valued under $350,000.The number of pending sales increased by 20.8 percent, I expect to see home sales increase in August because of this incre... 09/13/2020

Albuquerque Housing Market June 2020June's real estate market in Albuquerque is a little bit more normal. However, inventory is down by 55.2% compared to June last year. The number of homes sold in June is up 1.2%. With inventory so low, it is no surprise home sales increased by only 1.2% It is very difficult to purchase a home for $350,000 or less. There are multiple offers and these homes are selling in a few days. Homeowners in the $200,000 price range are receiving 5 or more offers in the first 24 hours. Now is a great time to sell if you own a home valued under $350,000.  The number of pending sales increased by 34.3%, I expect to see home sales increase because of this increase in pending sales.This is going to remain a sellers’ market as inventory is low. This won’t change until ... 09/13/2020

10648 Neptune Street Northwest A great one story with 3 to 4 bedrooms in the Paradise Skies subdivision with mountain views from the backyard. This home has a convenient office right off living room, or it could be a 4th bedroom if needed. Loads of upgrades, newer windows, kitchen appliances are newer and stainless. With beautiful granite counters and tile backsplash it makes for a kitchen you can cook for thew entire family. New laminate wood floors through out the home. Clean and ready for you. ​Contact Information:Valerie AlmanzarKeller Williams RealtyYour Casa Team 505-923-4670 / 505-897-1100​​ 08/06/2020