The City of Albuquerque offers a great online resource to make it easier to find art and attractions in Albuquerque. The Albuquerque Art map is an interactive map where you can click on marked points of interest that give you a brief description of the piece as well as it’s location. You can find the interactive Albuquerque Art Map here.
A real estate contract is known by several different names including: seller financing, owner financing, land contract, or contract for deed (to name a few). In owner financing, the seller acts like a bank to the buyer. A traditional financial institution is not involved in a real estate contract. To see a full handbook on real estate contracts published by Security Escrow Corporation (one of the premier escrow companies in Albuquerque), click the following link http://www.securityescrow.com/RECsinNM/book/RECsinNM.pdf .
Here is a small sample list of benefits of a real estate contract:
- Potentially quicker sale.
- Potentially higher sales price.
- Monthly interest income.
- Spread out taxes over the time-frame of the real estate contract.
- If buyer defaults you can sell it again (and receive another down payment)
- Source of cash flow.
- A higher return or interest rate compared with CDs, bonds, or treasury notes.
- Ability to purchase a property with damaged credit.
- Flexible time-frame and terms.
- Build up your credit over time as you pay.
- Gain equitable title.
- Easier process of purchasing property than securing a mortgage.
- Fast closings.
If you want to find out more details about real estate contracts in New Mexico, please contact us today!
Albuquerque Home Sales continue to break records
Albuquerque Home Sales in July finished the month with 1,013 detached sales, a 23.1% jump from July 2014 and an increase of 3.0% from last month. The number of pending sales for the month also rose 17.3% compared to the same month last year.
The Greater Albuquerque market added 1,618 detached homes for sale in the month of July. This is down slightly from last month’s addition of 1,629 new home listings. At 4,067 units for sale, the inventory level is still 18.12% lower when compared to July last year.
Due to a spike in the number of detached homes sold in the middle price ranges of $120,000 to $249,000, there was an overall drop in the median and average sales price for the month of July. The median sale price of detached homes was $185,000, a 2.6% decrease from July 2014. The average sales price for July was $212,345.
U.S. Home Foreclosures Activity Increases 7% in July as Bank Repossessions Reach 30-Month High
RealtyTrac®, the nation’s leading source for comprehensive housing data, released its July 2015 U.S. Home Foreclosures Market Report™, which shows a total of 124,910 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in July, up 7% from the previous month and up 14% from a year ago. July was the fifth consecutive month with a year-over-year increase in overall foreclosure activity following 53 consecutive months of decreases.
Planning to Relocate? Consider Hybrid Moving
A New Trend in Finding Affordable Movers
Moving is often associated with friends and family pulling together. But when relocating to a new town, you may not have that luxury waiting for you when you arrive at the new place. And, unless you are made of money, the idea of hiring full-service movers with a truck is nice, but possibly out of budget.
For those needing the extra help, hybrid moving might be the answer.
The way it works? You are responsible for the renting of the truck or shipping container. Separately, you hire a specific number of labor-only movers for the hours you need them. The result is a move that combines the budget-friendliness of a DIY move with the ease of a full-service move.
There, you can compare the movers by consumer review and/or price. You also learn what licenses and credentials each moving company holds. HireAHelper pulls the top movers for each area it’s movers works in. In the case of Albuquerque, MetroMovers and Bellhops are the highest rated companies in the area.
Ready to learn more about the different kinds of moving? Check out the Moving 101 guide to learn more about prices, time investments, pros/cons, and more!
Albuquerque Multifamily Market Trend
Asking Prices for Albuquerque Multifamily Properties have been trending up over the last year. There are still plenty of properties available that show value. It’s all about the numbers and positive cash flow is what you must look for.
I would be happy to help you analyze your Albuquerque Multifamily property!
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!