The current real estate market conditions continue to improve in Albuquerque so its a great time to buy or sell a home. Interest rates are at an all time low and there are plenty of priced right options for new home buyers. With plenty of properties on the market, low interest rates and even lower prices, there may not be a better time
Foreclosed homes can be a great deal for home buyers. When searching for a foreclosure, look for "Bank Owned" or "REO" because these properties have already gone through the foreclosure process and are ready for immediate sale. Homes still in the foreclosure process can still be sold as a "Short Sale" but can take anywhere from three to six months for the bank to approve the sale. Request a free list of active foreclosures...
The foreclosure market is fast moving and very competitive with sellers preferring to work with a buyer who has already secured financing and is ready to go. So before you start looking for a home, it is best to contact a lender to get pre-approved so that you can make sure your credit qualifies for financing and you know what you can afford based on your income.
Foreclosures are not for everybody. Keep in mind that some foreclosures need a lot of work and most banks sell these properties "as is" with no warranties. This means even though you may get a great deal on one, you may have to put out more money for repairs. Sometimes a newer more expensive home may be better because all the work is done for you and is usually warrantied for up to a year. Search the Albuquerque real estate market for free!
Albuquerque, otherwise known as the land of enchantment is a great place to live and is ranked among the top 10 cities to live in by Hotwire. Albuquerque also has spectacular weather which makes for perfect outdoor activities.