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Sellers with Vacant Homes Please read this!

by Elite Asset Management Team

Albuquerque and Rio Rancho are seeing a disturbing trend at vacant properties for sale.  Instead of attracting buyers, the empty homes are attracting vandals.  

One of the most recent reports of a vacant home vandalism stated that an individual poured paint on the floors and countertops of the home, as well as destroyed the appliances.  

Vacant properties are very susceptible to property damange and criminal activity.  That's why it's important to not only understand these dangers but to take immediate steps to prevent them.

To help prevent vandalism of your seller's vacant property, encourage your seller to keep in mind the 5 tips below.

  1. Hire a caretaker for the property until it sells.
  2. Ask a trusted neighbor to park his/her car in the driveway.
  3. Install motion-sensor lights and set the interior lights to variable timers.
  4. Ask relatives, friends, or neighbors to look after the property while it's vacant.  This includes collecting mail and regularly inspecting the home for damage.
  5. Ensure the property has the proper insurance coverage.  Insurance coverage can lapse if the home is vacant for more than 30 days.

In the event that your seller's vacant property is vandalized, please follow the steps below.

  • Change the locks on the property immediately.
  • File a police report with the Albuquerque or RR Police Department.

Home Prices Rise - National Housing Report

by Elite Asset Management Team

Pete Veres and Sean Hellmann want to share a bit of good news. We have started to see some positive signs locally here in Albuquerque. RE/MAX CEO Margaret Kelly appeared on CNBC's Street Signs on March 14, 2012 to discuss the RE/MAX National Housing Report, which found that for the first time in 18 months, home prices rose year-over-year in February

Displaying blog entries 1-2 of 2

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Elite Asset Management
RE/MAX Elite
8300 Carmel Ave. NE Ste. 201
Albuquerque NM 87122
(505)362-2005
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