Realtor® – a real estate broker or an associate who holds active membership in a local real estate board that is affiliated with the National Association of REALTORS® Not all real estate agents or licensees are Realtors® – why does that make a difference? A real estate licensee that is not a Realtor® is not […]
Albuquerque Real Estate definitions – TITLE INSURANCE
Title Insurance: Insurance that protects the lender (lender’s policy) or the buyer (owner’s policy) against loss arising from disputes over ownership of the property. In Albuquerque real estate transactions, it is a customary practice that the seller will pay for the owner’s policy on the closing of their Albuquerque home. The interesting part is […]
Albuquerque Real Estate definitions – CLOSING COSTS
We are often asked ‘what are closing costs’ when a buyer is purchasing a home and a seller is selling a home. These typical closing costs vary from market place to market place. In Albuquerque, for example, customary closing costs for sellers are the title fees, and the buyers’ closing costs are typically anything associated […]
Albuquerque real estate definitions – The Acceleration Clause
First in a series of articles regarding ‘real estate words’ that you might encounter in your search for an Albuquerque home or while selling your Albuquerque home. Acceleration clause A provision in a mortgage that gives the lender the right to demand payment of the entire principal balance if a monthly payment is missed, or […]
A bad day fishing….
#7 in a Series of 8 Articles – LANDSCAPING your Albuquerque home
REALTOR® Magazine-Daily News-Three Reasons to Buy a Home Now
Market Statistics for Albuquerque Real Estate – AREAS showing an increase in price
Chart 1: Month over Month increases in Median Sale Price Summary of Chart 1: This chart shows the 10 MLS areas that saw the greatest increase in the median sale prices from the previous year. With 42 Areas reporting 2 or more sales, 19 saw price increases and 23 Areas saw price reductions. Interesting to […]
