The next inevitable step after buying or selling a home is packing and moving. When preparing for a move there are several things to consider and it can become overwhelming. Where do we get boxes and packing materials? What furniture to keep? Should we get rid of old items? Should we rent moving trucks? Who will help us move? and sometimes the big question is "What about hiring movers?". Our friends from A & C Brothers Moving and Storage in Phoenix have shared some vital information on how to prepare … [Read more...]
3 Ways Realtors® Elevate Your Home Buying Experience
In a poll of 1,000 home buyers, just over half found the loan process simple, but nearly 25% said they would rather gain 10 lbs than go through the lending process again and 13% would rather spend 24 hours with the person they dislike the most; some even said they'd prefer a root canal or a night in prison! Lack of confidence and uncertainty while making major financial decisions can can be a stressful and emotional ordeal. When you have a competent and ethical team in your corner, buying a home can be one of … [Read more...]
Tips For Buying Senior-Accessible Housing
Seniors are increasingly choosing to live in a home outside of senior or assisted living. This process of aging in place is preferable for some older adults for several reasons. Living at home provides independence and avoids the fear that some seniors have about being put away in a nursing home. Even those who need daily assistance may still be able to maintain the dignity of living in their own home. Many senior-appropriate houses are available in today’s real estate market. Real estate professionals understand … [Read more...]
Purchasing Ability for Buying a Home
It is often hard for buyers, particularly first time home buyers, to understand the implications a higher interest rate has on their purchasing power, but this graphic, provided by Chris Juarez of Academy Mortgage does an excellent job at illustrating exactly what effects a 1% increase in interest rate does to a buyer's purchasing power. As illustrated in the image below, a 1% increase in interest rates reduces a buyers purchasing power by almost $40,000. Stated in another way, a buyer will still pay the same … [Read more...]
Thinking Of Selling? Now Is The Perfect Time
Q Realty® agents have known that the Greater Albuquerque Real Estate market has remained steady for the past few years. Homes are continuously selling year round but this blog has highlighted the importance of starting the marketing process now. Meeting with your agent during the first few months of the year will help prepare your home for the upcoming spring season. Your agent can help with staging ideas or home improvement or repair ideas to help you get the most value for your home. By KCM Blog It is … [Read more...]
What Is The Cost Of Waiting Until Next Year To Buy?
In Albuquerque, we have noticed that the trend seems to be up, for example the last market report from the Greater Albuquerque Association of Realtors shows the listing inventory is UP 7% and days on the markets are also DOWN 15%. Closed sales are UP 16%. The median sales price is $199,450 which is UP 6% from the previous year. Q Realty would really like to show you the benefits of selling your home or buying your first home or an upgrade/downgrade. By the KCM Blog We recently shared that over … [Read more...]
Multigenerational Households May Be The Answer To Price Increases
By KCM Blog Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.” Another report that proves this point is the National Association of … [Read more...]
Buying A Home Can Be Scary… Unless You Know The Facts
By KCM Blog Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts: 40% of millennials who purchased homes this year have put down less than 10%. 76.4% of loan applications were approved last month. The average credit score of approved loans was 724 in September. … [Read more...]
Fed announces third rate hike in 7 months
BY CAROLINE FEENEY, Inman News As anticipated, today the Federal Reserve implemented a quarter-point federal funds rate hike, increasing its benchmark target to between 1 percent and 1.25 percent “in view of realized and expected labor market conditions and inflation,” the Federal Open Market Committee said. The decision marks the fifth hike since December 2015, when the Fed first raised rates post-financial crisis after an eight-year hiatus. In March, the Federal Reserve governors voted to raise interest … [Read more...]