In the ever-evolving tapestry of our society, few industries stand as a testament to resilience, complexity, and unwavering patriotism quite like the real estate sector. It is an industry that mirrors the dynamic shifts of our economy, reflects the diverse needs of our communities, and upholds the essence of what it means to pursue the American dream. As we navigate through a period of flux within the real estate market, we extend our deepest appreciation to you, our valued clients and customers, for your continued trust and support. Real estate is, without a doubt, a complex business ..read more

In March 2024, a significant development occurred in the real estate industry involving the National Association of Realtors (NAR) and several major real estate brokerages. A landmark $418 million settlement was reached with NAR to resolve claims in four antitrust class actions. These class actions challenged the rules requiring home sellers to pay buyer broker fees in addition to their own broker’s commissions. This settlement is part of a larger series of settlements totaling $684.5 million, when including settlements with Anywhere Real Estate, RE/MAX, Keller Williams, and Compass ([Cohen Mi ..read more

Real estate is especially vulnerable to fraud because data is readily available about property listings via MLS and county records; transactions involve large sums of money; and up to 10 different parties could be involved in and sharing information about the closing* A REPORT IN REALTOR.COM MAGAZINE The world of real estate offers a plethora of opportunities for investors, homeowners, and renters alike. However, with these opportunities come individuals and entities looking to exploit the unwary. Understanding the various scams that pervade the real estate market is crucial in safeguarding yo ..read more

The world of real estate is as fascinating as it is complex, brimming with opportunities for both seasoned investors and first-time buyers. However, the abundance of information surrounding this field often leads to more questions than answers. As someone deeply passionate about real estate, I find joy in demystifying this domain for those who share my curiosity. While I may not claim expertise in every nook and cranny of real estate, my experiences have equipped me with insights that I’m eager to share. Let’s dive into some of the most frequently asked questions about real estate and shed lig ..read more

**January Home Maintenance Tips for Albuquerque Homeowners!**   **Happy New Year, Albuquerque Homeowners!** As we welcome 2024, let’s start the year off right by taking care of our homes. Here’s your January Home Maintenance Checklist to keep your home in top shape!   1⃣ **Inspect Heating Systems:** With our chilly January nights, ensure your furnace or heating system is running efficiently. Consider scheduling a professional inspection if needed.   2⃣ **Check Insulation:** Keep the warmth in and the cold out! Inspect your attic and walls for proper insulation. Don’t forget ..read more

**For Sale:** In a market where homes are scarce, finding your dream house requires strategy and patience.   **Stay Prepared:** Have your finances in order and be ready to act quickly. Pre-approval for a mortgage will give you a competitive edge.   **Buyer Broker Contract:** Partnering with a real estate professional through a buyer broker contract ensures dedicated support. Your broker’s expertise is focused solely on your interests, providing tailored advice and access to the best listings.   **Be Decisive:** When you find a home that meets your needs, be ready to make a s ..read more

Happy New Year 2024! The City of Albuquerque continues to offer an exciting opportunity for residents: free casita construction plans, available on their Planning Department website. These plans, created by Ron Montoya Designs Inc., come in various sizes and fully comply with building codes. Whether you want to expand your living space or embark on a new project, these plans provide a great starting point. Start your 2024 with a creative venture by checking out the [City of Albuquerque’s Free Casita Construction Plans] (https://www.cabq.gov/planning/accessory-dwelling-unit/free-casita-construc ..read more

The real estate market in Albuquerque is a unique blend of historic charm and modern allure. From the adobe-style homes in Old Town to the contemporary properties in bustling neighborhoods, the city caters to a wide spectrum of preferences and lifestyles. However, this rich variety can make the buying or selling process overwhelming. Pricing intricacies, neighborhood dynamics, legal formalities, and market fluctuations can swiftly turn a seemingly simple transaction into a daunting challenge. This is where a professional REALTOR® becomes an indispensable ally. The Role of a Professional REALTO ..read more

Why is this important? This has deep-down data to explain the confidence markers for the market around the country. The real estate market has seen fluctuations lately but all in all, it is still a healthy place to put your investments! I hope you had a Thanksgiving to remember, and let’s gear up for the New Year!  Is a new Albuquerque home for you in 2024?  Do you need to sell your present home or a family member‘s home? Call on me anytime to assist, and I’ll be glad to help. The post REALTOR CONFIDENCE INDEX SURVEY first appeared on Real Estate in Albuquerque ..read more

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008. One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening. Housing supply comes from three main so ..read more