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Sellers with Vacant Homes Please read this!

Friday, October 24, 2014

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.

Hire a caretaker for the property until it sells.
Ask a trusted neighbor to park his/her car in the driveway.
Install motion-sensor lights and set the interior lights to variable timers.
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.
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.

Albuquerque Real Estate

10 Reasons That You Maybe Ready to Invest in Real Estate

Monday, October 20, 2014

by Elite Asset Management Team

When it comes to property investment, timing is everything. Ultimately, choosing the right time to enter the market will have a significant impact on the long-term success of your investment.

But how can you as an investor know whether the timing is right? Global property portal Lamudi has compiled a list of 10 tell-tale signs that now is the time to start building your investment portfolio.

1. You are financially ready. You have saved enough for the down payment and you have also established your emergency fund. You have taken into account home maintenance expenses. Your credit history is good and you are able to meet all the financial obligations.

2. You have set your long-term goals. You have a clear picture in your mind of the purpose of your investment and you are flexible enough to adjust to changing circumstances. You are not hesitant and when the timing is right, you are able to adapt to the market needs and the development of technologies.

3. You have done your research. You know the neighborhood of your future property well enough to foresee the coming trends and the possible changes in the community. You have researched all the schools in the area as well as the best commuting means and you are able to predict the next homebuyer's needs.

4. You have chosen a stable economy. The area is financially stable, economic trends are promising and equities are surging. No demographic fluctuation or no irregular variation of population have been recorded in the area.

5. You understand the country’s policies regarding real estate. The policies of the region promote and encourage a positive, innovative environment as well as drive further economic growth. The tax policy in the country is positive for homeowners. Global innovation index is rising in the area.

6. Infrastructure projects are underway and likely to lead to an increase in property values. The infrastructure of the area is being developed with a focus on: transport, energy, solid waste and water management developments.

7. The region is moving toward sustainable development. The region’s awareness of global and local environmental issues is increasing, the demand for eco-friendly homes as well as for sustainable rural and urban development is rising. As more and more people head toward sustainable living, investing in sustainable property will increase its value in the future.

8. The location draws a lot of interest. Whether it is the best travel destination or the hot jobs spot, the location is always on the top of the search engine. It has become a successful startup hub already or is planning to do so in the coming years, driving a lot of job seekers into the area. The number of enrolled students is increasing every year and the area draws interest of international students.

9. You have found a reliable real estate agent. If you are an overseas buyer, it is particularly crucial to make sure you have a good representative on the ground. Your real estate agent is trustworthy and knows the local market well enough to be able to help you make the choice.

10. You have researched local differences in the property market. Whether you plan to invest in a residential property and turn it into a rental or an office space, you are fully aware of all cultural differences that might occur when you deal with a property seller.

September Real Estate Video Market Update

Friday, October 10, 2014

by Elite Asset Management Team

Pete Veres

505.362.2005

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Albuquerque Real Estate Video Market Update

It's Still a Great Time To Buy!

Looks like we are in a strong buyer’s market and the right homes priced well are moving! Here is your market video with the most recent activity for Albuquerque Real Estate Video Market Update! Please click the link above to view and contact me if you have any questions regarding your next real estate transaction I'd love to assist you with your real estate needs.