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Buying a Home: What does your Buyers Agent do for you? Part 2

by Elite Asset Management Team

Buying a Home: What does your Buyers Agent do for you? Part 2.

By: Pete Veres, CRS, CLHMS,SRES,ABR - Accredited Buyers Representative

Lets start this update with a quick video.

 

So here is a continuation of Part one: What we do for our buyers.

Educate you on market conditions.

18. We will let you know whether it is a buyers’ market or a sellers’ market.

19. I will go through statistics on what percent of list price the sellers are currently receiving.

20. We always show you the trends including, current average days on market, current absorption rate, and/or current months of

inventory.

We will guide you through making an offer and represent you and your

interests in negotiations.

21. I always prepare a CMA so that you make the proper offer.

22. We show you on what comparable properties are selling for.

23. We will explain the common contract contingencies.

24. We will get the appropriate seller disclosures.

25. Discuss the timing of deadlines.

26. We will work togther to put in place a negotiating strategy.

27. We will all local, state and federally required disclosure forms.

28. Complete the purchase agreement.

29. We will educate you on the contents of the sales contract and specifics to our market.

30. We will ensure that all forms are completed properly.

31. We will help you negotiate the best terms and conditions based on our current market conditions.

5 Steps to picking the right agent to Sell your Home

by Elite Asset Management Team

 Are you thinking of selling your home? Here is a great article that I found on Kiplinger's that discusses how to find the right Real Estate Agent to sell your home. In a quick summary there are 5 steps to selecting the right agent;  

1. Round up good prospects. 

2. Ask Tough Questions. 

3. Find out who the agent is working for.  

4. Make sure your agent has a back up.  

5. Sign the right contract.  

For more details please read the following article on each 5 steps. http://realestate.msn.com/5-steps-to-picking-the-right-agent-to-sell-your-home 

The Spring time is here and if you know anyone that is thinking of selling please contact Sean Hellmann or Pete Veres of the Elite Asset Managment Team with Re/Max Elite. Many of you have had the pleasure to work with us and any referral would be greatly appreciated. You can be assured that your referral will be treated to the same level of service we provided to you. Have a great Spring.

Real Estate is still one of the Best Investments

by Elite Asset Management Team

Pete Veres and Sean Hellmann want to share this quick video. Warren Buffet continues to state that SF homes are the Best Investments. Pete Veres, CIAS - Certified Investment Agent Specialist also wants to add that right now multi family units are providing a great ROI & cash flow as prices are extremely low right now and rental demand is high.

 

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

Top 5 Mistakes Sellers Make When Selling a Home

by Elite Asset Management Team

Pete Veres and Sean Hellmann would like to share with you on how to avoid the 5 Top Mistakes Home Sellers make when selling a home. Choosing to work with a qualified RE/MAX agent can help you avoid costly mistakes such as incorrectly pricing your home, not preparing your home for sale, and ineffective marketing. Choose Wisely. Choose the Elite Asset Management Team with RE/MAX Elite

 

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RE/MAX 2012 Top 10 Real Estate Market Predicitions

by Elite Asset Management Team

Pete Veres and Sean Hellmann would like to share the video with you. RE/MAX Chairman and Co-Founder Dave Liniger reveals his Top 10 Predictionds for the 2012 US Real Estate Market. Some great stats!

Why Buy vs. Rent?

by Elite Asset Management Team

 

Why should you Buy a home vs. rent in the current state of the economy? If you are following the news on the economy it would be enough to scare you into hiding.  Many clients that I work with are always asking why buy instead of rent when the economy and real estate market are experiencing the worst markets in history?  I have some answers that might make you consider that this is the time to Buy in the Albuquerque Real Estate market instead of Rent.

Recently, I was reading some interesting articles that may encourage you that Buying a home and paying a mortgage is one of the best investments still out there.  In a recent Wall Street Journal article: http://online.wsj.com/article/SB10001424052970204774604576629443313035736.html  one of the growing trends around the country and now in the Albuquerque Real Estate market is that a mortgage on a home is becoming more and more affordable compared to renting.  For example, a $250,000 mortgage in the Albuquerque area could cost you $1700 per month and that is assuming you only put down 3.5% and do an FHA loan. Other loan programs could lower that monthly payment.  To rent a comparable home in Albuquerque you would look at spending anywhere between $1600 to $2000 per month.  There are many positives to buying a home and the short list is; tax incentives, building equity and home ownership. Check out this article in Forbes Magazine that discusses some good examples how owning a home and paying a mortgage can improve your retirement: http://www.forbes.com/sites/financialfinesse/2011/10/13/the-next-mortgage-crisis/.

My personal belief is that many buyers are savvy enough to realize that this is one of the best times to buy a home.  The Albuquerque Real Estate market is one of the most affordable markets in the country and with interest rates combined this is a great time to buy.  If you are still wanting to weigh your options feel free to give the Elite Asset Management Team a call.  Our Team would like the opportunity to share some of the best bargains in the marketplace. 

Warm Blessings,

Sean and Pete

 

Displaying blog entries 1-7 of 7

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