These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 05/31/2008 at 2:00 p.m. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.
For Albuquerque real estate information contact:
Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty
This weekend there are 58 open houses in Albuquerque listed in the MLS. 13 of those homes are luxury homes and there are six homes with a pool open this weekend.
Whether you’re looking for a $200,000 house or a $2,000,000 luxury home, be sure to consult with a mortgage professional to make sure you are pre-qualified for your new home. This way, you will be in a far better position when it comes time to make an offer.
Also, make sure you have your own representation with a qualified buyers agent who will have your best interests in mind.
There is much more than the purchase price to consider when determining how much house you can afford to buy.
Let’s say you feel $2,400 a month is a comfortable house payment and you qualify for a 6% interest rate. You might think a $400,000 house is the right price to be looking at. Unfortunately, you need to take into account taxes, home owner’s insurance, private mortgage insurance, maintenance, and possibly, HOA fees. These expenses could add hundreds of dollars to your monthly home ownership cost. Also, make sure you factor in your down payment as this will reduce your monthly payment.
For example, taxes on a $400,000 house in Albuquerque can run approximately $2,750 a year. Insurance can add another $1,200 a year. And maintenance costs could run into thousands of dollars a year. Most experts recommend setting aside one to three percent of the value of your home per year for maintenance cost. Remember, a dishwasher can be purchased for a few hundred dollars, but a new roof can easily run $5,000 to $10,000.
Whether you’re looking for a $200,000 house or a $2,000,000 luxury home, speaking with a mortgage professional or real estate consultant about all the costs associated with your new home will assure that you can afford that dream home.
For Albuquerque real estate information contact:
Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty
See the most up-to-date list of Southeast Heights homes for sale. If you are looking to buy or sell a home in Southeast Heights, please contact me today. The Southeast Heights area is bounded by Tramway to San Mateo and Central to Kirtland Air Force Base.
These statistics were compiled from the Greater Albuquerque Association of REALTORS® data on 05/28/2008 at 2:00 p.m. This data is reflective of homes which were listed on the MLS; private sales are not included. Information was obtained from sources deemed reliable but not guaranteed. This information should not be used to determine the value of any property. Photos are for illustration purposes only and do not necessarily represent current or past listings.
For Albuquerque real estate information contact:
Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty
When you are starting your home search, visiting open houses is a good way to see what you can get for your money. You may realize that you have to make adjustments in size, features, or location.
Visiting open houses can also help you visualize the type of home you want, particularly if you are relocating to Albuquerque and are unfamiliar with its unique SW Homes and features.
I would be happy to provide you with additional information on any home you see while touring the Albuquerque real estate market.
When you are ready to purchase, please contact me and I will be happy to assist you with your home search.
For Albuquerque real estate information contact:
Ashley Drake Gephart, Associate Broker, REALTOR®
Keller Williams Realty
Albuquerque MLS Search - No registration required. Search by area, address, or MLS number. Free Daily Updates! Now YOU can get the NEWEST House and Condo listings right in your Email Box! Simply sign up for my MLS Updates.
Click here to sign up for this FREE service!
Weekend of May 30th 2008
