Strategies For Home Buyers In Today’s Market

 Buying a home in today's real estate market is all about strategy. Sure, it may not be an ideal time to buy a home thanks to high home prices, low inventory, and interest rates higher than we're used to seeing, but if you can afford to buy a home today, you absolutely should. Trying to time the market will ultimately cost you time and money that you could have been gaining equity and enjoying a home that is all your own.  


So, how should you approach buying a home in today's market? We have some ideas.


The market has slowed down

Interest rates and inflation have made it more difficult for most people to purchase a home, leading to a slowdown in the real estate market. However, if you are in a…

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Everything You Need To Know About The New Mexico Balloon Fiesta

It’s that time of year – the New Mexico Balloon Fiesta in Albuquerque, NM, is back! We expect
thousands of people from all over the world to attend this nine-day festival that features live
entertainment, food and drink vendors, and, of course, the world-famous balloons. 
If you’re in the area, this is an event you must attend at least once. If you’re from out of town,
put this on your bucket list – yes, it’s that incredible! Here’s everything you need to know about
the 51st annual New Mexico Balloon Fiesta.

What it is

The New Mexico Balloon Fiesta began in and is now the biggest ballooning event in the world!
During the nine-day event, 500 balloons will take flight in the beautiful New…

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Benefits of Buying New

 Having a home built may be long process, but there are many benefits. Instead of dealing with bidding wars and low inventory, many home buyers are choosing to purchase new construction directly from a builder. Let’s take a look at some of the benefits of buying new.

 Location

Home builders do a lot of research when deciding where to build a new home development. These new communities are typically found in upcoming markets where tremendous growth is expected. Typically these areas have plans for not just residential growth but also commercial and industrial growth that will stimulate the local economy.  

 Buying in a new build community will give you access to high-quality amenities. Schools and hospitals are also…

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How’s The Market?

A Look At The Real Estate Market In Albuquerque, NM

 

Like most of the country, Albuquerque’s real estate market has been red hot in the last couple of years. We have seen some colossal home value appreciation, bidding wars, and record low inventory.

 

Now, things are beginning to shift for a few reasons. First, you’ve probably heard that interest rates have increased significantly since the start of 2022. This increase, coupled with fears of an economic recession, has slowed the market down a bit. So what does that mean if you’re considering buying or selling a home in Albuquerque? Let’s take a look. 

 

It’s Still A Seller’s Market

Despite what you may have heard on the news, we are still in a seller’s market,…

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Rio Rancho’s Real Estate Market Continues To Grow

Rio Rancho is the fastest-growing community in New Mexico and a great place to call home! The city has been recognized as one of the safest and best places to raise kids in the country. If you’ve been thinking about buying a home in Rio Rancho, it’s a great idea to do so. Let’s discuss the real estate market in Rio Rancho so you can understand what to expect.

 How’s The Market?

The real estate market in Rio Rancho has been hot for years and does not seem to be cooling down. Sellers still have the upper hand when it comes to negotiations, but homes do sit on the market a bit longer than they do in other parts of the state – the average number of days on the market is 35. This is good news for…

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It's that time of year again — the Albuquerque International Balloon Fiesta, the world's largest hot air balloon festival will take place from October 1 to October 9, 2016. This vibrant, globally renowned event attracts thousands of people every year, and for good reason. Situated in the gorgeous Balloon Fiesta Park which offers panoramic mountain views, the festivities can draw in more than 80,000 spectators to the friendly atmosphere.

The fresh fall air, the aroma of warm food, and the celebratory ambiance fills the park as guests wait for these amazing shows. What can you expect? Well, that depends on your ticket. The Chasers' Club ticket is an upgraded experience that offers you special seating in an exclusive, alfresco patio right in front of the…

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Athletes from all over the world will come together to participate in the 2015 USA Roller Sports event.  This event will be three weeks long from July 11-August 1, 2015, and take place at the Albuquerque Convention Center. This event will feature inline speed skating, rink hockey and roller figure skating. This is a great event for the entire family to attend. Entry is $10 for general admission, Military is free with a valid ID, and discounts will apply for NM residents with a valid ID and groups. Event details are listed below.

If you are visitor to our beautiful State from out of town to take part is the great event “Bienvenidos”, that’s welcome in Spanish, and you need some ideas to fill up some free time. Below is a list of Restaurants, and…

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NM Home Team New Home - Albuquerque

When it comes to buying a new home, there are a lot of options. Whether you are looking to relocate for a new job, or simply need a bigger house because of your growing family: NM Home Team has you covered! 

Take a look at the options for sale in the Albuquerque area, by following the link to our website here: NM Home Team | Albuquerque Homes

If you need further assistance and would like a few pointers, we are here to help!

Contact us via phone anytime at (505) 450-3779, or chat with us LIVE on the website: NM Home Team Main Page

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Starter homes are great for a small family, newlyweds or a couple without children.  As your family begins to grow, you may feel that the smaller "starter" home you bought may not be the best fit for your family.  

Here are five signs that you may have outgrown your home and it may be time to upgrade.  

1. Your family has grown.  As your children get older or you have more children, you may find that spaces are beginning to get cramped.  Toys fill the bedrooms, living room and have began to take over the kitchen and other common areas. 

2. You've gotten older.  You don't necessarily need a larger home, you may just need a home that meets your needs better.  As your children get older and move on, you may find your home is no longer suiting your…

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When you are buying your first home, it might be a little overwhelming knowing where to start and what comes next.  I remember being confused, not knowing where to start or if we were even ready to buy a home.  

Here are 5 things to think about when you start considering that home ownership might be in your future.  

1. Think about what you can afford.  What are you currently paying for rent?  Could you afford to pay anymore than you already are?  Do you have any money saved that you could put down to help lower your mortgage payment?  Once you know what type of payment you can afford, you are able to figure a price range of the homes to begin looking at.  You don't want to have a budget of $200,000 but fall in love with a home that is $400,00.  

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