Rich Cederberg's Albuquerque Real Estate Blog

Buying Your First Albuquerque Home is as Easy as 1-2-3!

Buying your first Albuquerque home is as easy as 1-2-3!

  1. Meet with a lender. Not all lenders are the same, pick someone that is friendly, helpful and will take the time to answer all your questions. Once you find that person you'll need your last two years tax returns, paycheck stubs and W-2's, so start looking for those things now. Be sure to ask them about the MFA loans that require as little as $500 to get into a home.
  2. Shop for homes. Find a buyer's broker who knows how to help you with all the latest internet tools   like the Albuquerque MLS Client Portal. Identify homes you want to see online, then go see them with a buyer's broker. 
  3. Make an offer and get ready to close.Once you find the home you want, make an offer, then let your Realtor help you get to the closing table 30-45 days later.


Oh yeah, step four? Get the keys and start moving in! Search the Albuquerque MLS 

If you're a first time home buyer the process can seem complicated, but really it's as easy as 1-2-3. To make it go even smoother make sure you find your own Realtor to represent you. You wouldn't go to court without your own lawyer and you shouldn't buy a home without your own Realtor! The one with the sign in the yard is working for the seller-not for you!

Read my Albuquerque First Time Home Buyer Guide

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Albuquerque Realtor Rich Cederberg works for RE/MAX Finest in Albuquerque New Mexico. Previously Rich worked for RE/MAX Elite and the Vaughn Company Realtors for 5 years. He specializes in Albuquerque Real Estate, Northwest Albuquerque Real Estate, Rio Rancho Real Estate and Los Lunas Real Estate.  He especially enjoys working with First Time Home Buyers. Call 505.803.5012 or email Rich Cederberg if you need a Albuquerque REMAX agent.

2 comments • Rich Cederberg- Albuquerque RE/MAX Finest Agent • July 11 2010 01:56AM

I'm Dead Tired/Market's Almost Balanced

Mummy

 

I'm dead tired from showing houses in Albuquerque and Rio Rancho. After a 30 day lull from November 15 to December 15 I have been incredibly busy.

Buyers have been coming out of the woodwork. In all price ranges and areas.

Homes that are priced appropriately for the market are being snatched up fast. And if they're not short sales they will actually close in time for those buyers who want to cash in on the First Time Home Buyers Credit.

The latest market report from the Greater Albuquerque Association of Realtors shows that home inventory in Albuquerque/Rio Rancho is quickly moving towards a balanced market. According to the National Association of Realtors, a 6 month inventory of homes is a balanced market and is not a buyers market or a sellers market.

In June of 2009 there was a 9.55 month supply of inventory. In December of 2009 that number was down to a 7.70 month supply of inventory.

If the trend continues, and it's sure to continue until the expiration (will it really expire?) of the First Time Home Buyer Tax Credit on April 30, then we could be in a balanced market as soon as April 2010.

Albuquerque and Rio Rancho Buyers better get off the fence and think seriously about purchasing now, or you'll look like this mummy when you ealize the opportunity you just missed!

 


               Start your Albuquerque Home Search at www.SearchAlbuquerqueHouses.com

 

 

 

 

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Albuquerque Realtor Rich Cederberg works for RE/MAX Finest in Albuquerque New Mexico. Previously Rich worked for RE/MAX Elite and the Vaughn Company Realtors for 5 years. He specializes in Albuquerque Real Estate, Northwest Albuquerque Real Estate, Rio Rancho Real Estate and Los Lunas Real Estate.  He especially enjoys working with First Time Home Buyers. Call 505.803.5012 or email Rich Cederberg if you need a Albuquerque REMAX agent.

19 comments • Rich Cederberg- Albuquerque RE/MAX Finest Agent • January 17 2010 12:17AM