Albuquerque real estate sales increase....
That's good isn't it?

You bet that is good, because that means there are buyers out there looking at purchasing homes! But let's take a look at some of the facts:

According to the Albuquerque Journal, home prices have not been this low since 2004. The median home price was $163,808!

But prices of Albuquerque real estate do not tell the whole story. In our opinion the numbers of units pended (under contract) and closed units (actually closed transaction) reveal more interesting facts. These numbers represent the actual number of legitimate purchasers in the marketplace. These numbers indicate that there is a real estate market in Albuquerque. A "slow" market perhaps, but certainly not  a "dead" market!

Inventories continue to grow and buyers have plenty to choose from.

Take these numbers and combine them with the notification today that interest rates are below 4% - equals opportunities that have not existed for decades! Investors are beginning to buy again!

Can you say "buy  a house today"? This is the time when many will begin to build their wealth through the purchase of residential homes in Albuquerque NM.

We suspect some of you are thinking,
"OK, I'd like to build some wealth! How does this apply to me?"
Follow these steps to build your future:

1. Contact the Albuquerque Real Estate Group
2. Ask to be referred to a Mortgage Professional to be qualified for a mortgage
3. Decide your time frame
4. Decide your investment requirements
5. Begin your home search
6. When you find an investment that fits your requirements, Write an offer!

It is extremely important to develop a team approach to the transaction. What we mean is, each person on the team has a clear understanding of what they must do. The mortgage banker provides the best mortgage product for your specific needs. The Realtor clearly understands what type of investment property best fits your needs, and the requirements of the mortgage broker.

You must be ready to write the offer when the opportunity presents itself. Each person works together toward a common goal: Your Financial Future!

These are important decisions. Investment property is long term. Flipping homes is not long term; it is speculation. You must know the difference between the two.

Whether you have the ability to purchase now or in the future, the Albuquerque Real Estate Group is here to help. Contact us now so together we can begin to build your financial future in real property today.

We want to be YOUR source for Albuquerque real estate.

 

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