Displaying blog entries 41-48 of 48
Here is a quick video of how we at RE/MAX set ourselves apart form other agents. Please call Pete Veres at 505-362-2005
505-362-2005 for all your real estate requirements.
Pete Veres wants to share the RE/MAX National Housing report. RE/MAX researches 53 major metropolitan markets every month & analyzes the data to get a pulse on the US housing market. Here are some highlights from this months report in the quick video. If you would like to get a copy of our Complete Albuquerque Real Estate Market report please call me at 505-362-2005505-362-2005 or email me at [email protected]. You can also click here to see the September Albuquerque Real Estate Market Update Summary.
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.
Buying a Home: What does your Buyers Agent do for you? Part 1
By: Pete Veres, CRS, ABR - Accredited Buyers Representative
Helps arrange financing.
1. Assist in locating sources of mortgage loans and options
2. He helps you review how much you can afford but how much you may want to spend.
3. He will provides assistance in comparing different financing options.
4. Helps provide information on purchasing incentives that may be available.
Assist in finding the right property.
5. Identify your needs and wants in a property.
6. Find appropriate available properties.
7. Set up an automated e-mail alert system that immediately notifies you of properties that fit
your requirements.
8. Sort through inaccurate information about homes in the area.
9. Provide ready access to all MLS-listed properties.
10. Network with other agents for properties not yet in the MLS
11. When required he can preview properties prior to showing.
12. Help select the proper homes for viewing that meet your needs
13. Aid in narrowing your search until you have identified your top choices.
14. Schedule all appointments to view homes
15. Assist in analyzing the pros and cons of each property.
17. Help you in evaluating properties for suitability, affordability, and resale value.
Mortgage Rates Up A Bit But Remain Below 4%
We have seen about four weeks of decreases in mortgage rates and now the 30-year fixed-rate mortgage moved up a bit this week but stayed near yearly lows under 4 percent as per Freddie Mac's weekly mortgage market survey.
Freddie Mac reported the following national averages with mortgage rates for the week ending Dec. 11:
30-year fixed-rate mortgages averaged 3.93 percent, with an average 0.5 point, rising from last week’s 3.89 percent average. Last year at this time, 30-year rates averaged 4.42 percent.
15-year fixed-rate mortgages averaged 3.20 percent, with an average 0.5 point, rising from last week’s 3.10 percent average. A year ago, 15-year rates averaged 3.43 percent.
5-year hybrid adjustable-rate mortgages averaged 2.98 percent, with an average 0.5 point, rising from last week’s 2.94 percent average. Last year at this time, 5-year ARMs averaged 2.94 percent.
1-year ARMs averaged 2.40 percent, with an average 0.4 point, dropping slightly from last week’s 2.41 percent average. A year ago, 1-year ARMs averaged 2.51 percent.
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.
In the event that your seller's vacant property is vandalized, please follow the steps below.
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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.
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Real Estate Video Tips
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Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal. But as a real estate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual. Our Real Estate team specializes in the Albuquerque Distressed Sale market and we have been helping families with this type of struggle since 2007.
The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing mortgage payments.
Unfortunately, the first stage of grief is denial, and that’s even more the case when the threat of foreclosure is looming. No one wants to talk about or admit financial troubles—even when millions of others have found themselves in a similar spot. It’s completely understandable, but for homeowners who are behind on mortgage payments, decisive action is often the most critical step toward ensuring the best possible solution.
As a real estate professional in the Albuquerque Real Estate market who has sought out the Certified Distressed Property Expert (CDPE) designation, our team helps homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, we help them to get on a path of financial solvency.
If you or someone you care about would like to change the course of a life that’s facing foreclosure, our team gets it and we can help.
Contact Pete or Sean with the Elite Asset Management Team at [email protected] or call Sean at 505-453-3002 or Pete at 505-362-2005.
Our Team is here to help with anyone that is facing foreclosure.
Warm Blessing,
Sean and Pete
Displaying blog entries 41-48 of 48
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