Zillow Advice RSS: Discussion,All Real Estate Advice Topics,Albuquerque- NM http://www.zillow.com/advice/Albuquerque-NM/all/discussion/ Zillow Advice search results | Zillow Real Estate My listing agent switched brokerages and I want to void our contract http://www.zillow.com/advice-thread/My-listing-agent-switched-brokerages-and-I-want-to-void-our-contract/501163/ <p>My listing agent recently informed me that her brokerage's qualifying agent would be retiring and therefore she would be moving to a new agency. I haven't been impressed at all with her so far, and considering she gave us about 4 days notice before switching agencies, (plus her new agency doesn't even have a website...seemed shady to me), I told her I wanted to part ways.&nbsp;Since our contract was between me and "Agency A" (which doesn't exist anymore). I figure that that the contract is now void, but I wanted clarification.... Do we have to sign any cancellation paperwork? I just want to make sure that If i hire a new agent, I don't have any hang ups or god forbid have to pay double commission! &nbsp;My old realtor isn't very friendly now that I have basically fired her, plus I don't really trust her, but she said we did not need to sign any cancellation papers (for what it's worth).To complicate the matter further, she says that one of the buyers agent who showed our house in the recent weeks (when I was still with my old realtor), is working with their buyers on drafting an offer, and we should see it in the next few days. Who knows if that will actually happen, but if it does am I legally obligated to pay my old realtor commission even though she is with a new agency that I do not have a contract with?<br/></p><br \><br \>4 replies Wed, 10 Jul 2013 14:19:00 GMT http://www.zillow.com/advice-thread/My-listing-agent-switched-brokerages-and-I-want-to-void-our-contract/501163/ 2013-07-10T14:19:00Z Fair Heights neighborhood http://www.zillow.com/advice-thread/Fair-Heights-neighborhood/503671/ Great well established neighborhood.&nbsp; Many homes still occupied by&nbsp;the people&nbsp;who bought or built them in the 1950s&nbsp;or their children.&nbsp; Very convenient to shopping, the university, the hospital the freeway and several parks. Plus, it is right on the bike path!<br \><br \>1 reply Fri, 26 Jul 2013 01:08:00 GMT http://www.zillow.com/advice-thread/Fair-Heights-neighborhood/503671/ 2013-07-26T01:08:00Z I have a rental property underwater---its on a 1 year arm! What would you do? http://www.zillow.com/advice-thread/I-have-a-rental-property-underwater-its-on-a-1-year-arm-What-would-you-do/489811/ Hi folks,<br/><br/>We made a poor decision buying a house with a 1-year arm 3 and a half years ago. We did some remodeling, and really thought a refinance would be possible. But, the value dropped. Now, we had to move from the house (and city) due to our jobs. We have a renter in there, which helps with payments (although does not cover the payments entirely). The 1-year arm rates have adjusted down every year. But, this is not a long-term fix. We eventually need to find a solution here.&nbsp; I'd be real interested to hear what folks think we should do! (Its not an FHA backed loan, so none of the federal programs help us).<br \><br \>0 replies Sat, 27 Apr 2013 19:07:00 GMT http://www.zillow.com/advice-thread/I-have-a-rental-property-underwater-its-on-a-1-year-arm-What-would-you-do/489811/ 2013-04-27T19:07:00Z Lender short sale disclosure responsiblities http://www.zillow.com/advice-thread/Lender-short-sale-disclosure-responsiblities/470674/ I have been waiting on a Lender to negotiate a short sale with me. &nbsp;The Lender has indicated that negotiations can't proceed until a "File Flag" concerning a litigation is removed. &nbsp;The Seller and her Broker are not disclosing anything with regard to litigation. &nbsp;Do Lenders have any obligation to disclose litigation details in New Mexico?&nbsp;<br \><br \>3 replies Fri, 07 Dec 2012 16:03:00 GMT http://www.zillow.com/advice-thread/Lender-short-sale-disclosure-responsiblities/470674/ 2012-12-07T16:03:00Z Help us get our home! http://www.zillow.com/advice-thread/Help-us-get-our-home/453650/ We're so close to realizing our dream. &nbsp;We've scrimped and saved, lived on almost nothing, and lost quite a few pounds in the process. &nbsp;We're so close!<br/><br/><em>[website deleted by Zillow&nbsp; moderator. Please see our Good Neighbor Policy]</em><br/><br/>And yes, the cats are going with us!<br \><br \>2 replies Wed, 01 Aug 2012 19:42:00 GMT http://www.zillow.com/advice-thread/Help-us-get-our-home/453650/ 2012-08-01T19:42:00Z in Albuquerque, the 87120 zip code remains one of the most popular areas to live on the west side. http://www.zillow.com/advice-thread/in-Albuquerque-the-87120-zip-code-remains-one-of-the-most-popular-areas-to-live-on-the-west-side/462013/ Centrally located on the west side of Albuquerque, the 87120 zip code which remains popular for buyers seeking homes because it is so convenient to major commerce centers just north and the I-40 corridor south giving access to downtown ABQ and the University of NM.&nbsp; <br/><br/>Ask me to send you the latest listings in your price range in the NW Heights and Zip Code 87120!<br \><br \>2 replies Sun, 30 Sep 2012 04:58:00 GMT http://www.zillow.com/advice-thread/in-Albuquerque-the-87120-zip-code-remains-one-of-the-most-popular-areas-to-live-on-the-west-side/462013/ 2012-09-30T04:58:00Z Refi on RE contract, fair credit http://www.zillow.com/advice-thread/Refi-on-RE-contract-fair-credit/437114/ My husband and I got a RE contract on a home 2 1/2 years ago. Our contract is up in May. We need to refinance now, or we have to renegotiate the contract, and I don't want to do that. We have enough income through him but his credit's not great.<br/><br/>I have a credit score of about 680, all accounts in good standing, but no job. My husband has a credit score of about 600, maybe more, but he has three collections accounts for credit cards from when he got laid off a few years ago. We have been working on fixing his credit since then. I have one vehicle loan in my name, he has one in both of our names but it will be paid off in 6 months. We owe just about $100,000 on the house, I estimate it's worth to be around $115,000.<br \><br \>1 reply Thu, 29 Mar 2012 18:27:00 GMT http://www.zillow.com/advice-thread/Refi-on-RE-contract-fair-credit/437114/ 2012-03-29T18:27:00Z Safety and Desirability http://www.zillow.com/advice-thread/Safety-and-Desirability/435236/ This area was undergoing revitalization in the early 2000s. Has it taken? Is the area safe? Is it a desirable neighborhood?<br/>Thanks<br \><br \>3 replies Thu, 15 Mar 2012 04:59:00 GMT http://www.zillow.com/advice-thread/Safety-and-Desirability/435236/ 2012-03-15T04:59:00Z I NEED A VALUE OF A HOUSE IN ALBUQUERQUE NM IN 1989 HOW ON ZILLOW CAN I FIND IT OR ELSEWHERE http://www.zillow.com/advice-thread/I-NEED-A-VALUE-OF-A-HOUSE-IN-ALBUQUERQUE-NM-IN-1989-HOW-ON-ZILLOW-CAN-I-FIND-IT-OR-ELSEWHERE/432418/ SIS IS NEEDING VALUE OF HOUSE OWNED WITH HUBBY &nbsp;THEY MARRIED IN 89 AFTER KNOCK UP AND SHE IS DEAF AND GOING BLIND SO TRYING TO HELP OUT PLEASE ADVICE<br \><br \>4 replies Mon, 20 Feb 2012 08:14:00 GMT http://www.zillow.com/advice-thread/I-NEED-A-VALUE-OF-A-HOUSE-IN-ALBUQUERQUE-NM-IN-1989-HOW-ON-ZILLOW-CAN-I-FIND-IT-OR-ELSEWHERE/432418/ 2012-02-20T08:14:00Z What kind of home would you look for in Albuquerque, New Mexico? http://www.zillow.com/advice-thread/What-kind-of-home-would-you-look-for-in-Albuquerque-New-Mexico/430804/ 3 replies Fri, 03 Feb 2012 08:58:00 GMT http://www.zillow.com/advice-thread/What-kind-of-home-would-you-look-for-in-Albuquerque-New-Mexico/430804/ 2012-02-03T08:58:00Z Short Sales & Foreclosures http://www.zillow.com/advice-thread/Short-Sales-Foreclosures/411603/ It seems that as soon as a listing is labelled a Short Sale and Foreclosure they get sold fairly fast. &nbsp;However, those are not always the best priced properties and certainly not the best quality. Remember, someone walked away for a reason, usually because they couldn't sell the property due to lack of demand. &nbsp;I am not saying there are never any good ones out there. &nbsp;However, I recommend to always shop around and do not get in the mind set you need to find foreclosures or short sales for a good deal. &nbsp;There are many sellers with great deals in todays market.<br/>I know of properties selling for below foreclosure rates that are regular sellers.<br \><br \>3 replies Sun, 14 Aug 2011 13:48:00 GMT http://www.zillow.com/advice-thread/Short-Sales-Foreclosures/411603/ 2011-08-14T13:48:00Z How much home can I afford? http://www.zillow.com/advice-thread/How-much-home-can-I-afford/365234/ I am moving to albuquerque in the next 6-8 months and want to buy a home in the mountains.&nbsp; I have a credit rating of 797 and make about 150,000 per year.&nbsp; I only have about $20,000 cash to put down now but can save about $5k a month for a deposit. USAA shows I have to have 10% down and FHA limits are currently lower than the price range I am interested in ($350,000 to $450,000) My Wife also has excellent credit and has been making about 80K a year.&nbsp; What other options are there for funding?&nbsp; I own another home which is currently rented out in positive cash flow and only have one debt a car loan at $600 a month.<br \><br \>6 replies Mon, 06 Sep 2010 11:03:00 GMT http://www.zillow.com/advice-thread/How-much-home-can-I-afford/365234/ 2010-09-06T11:03:00Z partial disclosure state http://www.zillow.com/advice-thread/partial-disclosure-state/392675/ Our state is a partial disclosure state, meaning sales data is only available to the tax assessor or if the house was posted in the MLS.&nbsp; How can Zillow post sales data on FSBOs?<br \><br \>0 replies Mon, 28 Mar 2011 19:57:00 GMT http://www.zillow.com/advice-thread/partial-disclosure-state/392675/ 2011-03-28T19:57:00Z I wish to sell this home immediately by owner @$216,310.00 or first Very Best Offer: 7023262346 http://www.zillow.com/advice-thread/I-wish-to-sell-this-home-immediately-by-owner-216-310-00-or-first-Very-Best-Offer-7023262346/372476/ I need to sell due to numerous employment offers out of state!! I do not want to "rent out". Please, any interest to ngotiate this deal would be considered today or soon! Thank You Very Much.<br \><br \>3 replies Sun, 24 Oct 2010 19:56:00 GMT http://www.zillow.com/advice-thread/I-wish-to-sell-this-home-immediately-by-owner-216-310-00-or-first-Very-Best-Offer-7023262346/372476/ 2010-10-24T19:56:00Z FSBO Security Tips http://www.zillow.com/advice-thread/FSBO-Security-Tips/243066/ <strong>If you intend to sell your home <a href="http://www.zillow.com/for-sale-by-owner/">For Sale By Owner</a> ("FSBO") there are some security factors to take into consideration.</strong><br/><br/><strong>First, understand that you are opening up your home to complete strangers.</strong>&nbsp; How will you know they are who they say they are?&nbsp; The easiest way is to align yourself with a reputable <a href="http://www.zillow.com/mortgage/">mortgage</a> banker.<br/><strong>Your mortgage 'partner' should be willing to screen your potential buyers for no charge to you.</strong>&nbsp; At a minimum they should verify income, <a href="http://www.zillow.com/mortgage-glossary/Assets/">assets</a> and credit scores.&nbsp; This gives you the added benefit of spending time with only those who can truly follow through with a solid offer.&nbsp; Why waste your time showing your home to people who aren't creditworthy?<br/><strong>A good mortgage 'partner' can also provide you with marketing materials to help you sell your home, i.e. fliers listing finance options.</strong><br/><br/><strong>If you prefer to work alone, there are some precautions that should be taken without fail:</strong><br/>1. Never leave any message on your answering machine saying that you are not at home. It will be better to say that you are unavailable to answer at that time.<br/>2. Always get the name and phone number of a person before making an&nbsp; appointment to show your house. Never forget to cross verify the given number.<br/>3. Remove all keys, money and other valuables from the house before you show it or conduct an open house.<br/>4. Have a guest book available and make the visitor sign it with their address and phone number. Note that there is no guaranty that their info is truthful.<br/>5. Ensure all visitors enter and exit through the same door.<br/>6. Always follow the visitor through your home rather than leading them.<br/>7. Never enter a bedroom or other room with a visitor, as there is a possibility of getting you trapped inside.<br/>8. Never be alone with a visitor.<br/><br/>I hope these tips help you sell your home and keep you safe!&nbsp; Good luck ~<br \><br \>9 replies Fri, 05 Jun 2009 22:01:00 GMT http://www.zillow.com/advice-thread/FSBO-Security-Tips/243066/ 2009-06-05T22:01:00Z Would like to sell own home. What is my fee for selling my own home? http://www.zillow.com/advice-thread/Would-like-to-sell-own-home-What-is-my-fee-for-selling-my-own-home/357889/ 3 replies Thu, 15 Jul 2010 04:05:00 GMT http://www.zillow.com/advice-thread/Would-like-to-sell-own-home-What-is-my-fee-for-selling-my-own-home/357889/ 2010-07-15T04:05:00Z lot in albuquerque http://www.zillow.com/advice-thread/lot-in-albuquerque/283847/ we own a lot in the loma linda subdivision, abq, nm..&nbsp; how to decide a fair asking price?&nbsp; the neighborhood is well built up and nice homes around the lot.<br \><br \>1 reply Wed, 30 Sep 2009 16:43:00 GMT http://www.zillow.com/advice-thread/lot-in-albuquerque/283847/ 2009-09-30T16:43:00Z My Full GFE and Closing Costs http://www.zillow.com/advice-thread/My-Full-GFE-and-Closing-Costs/325149/ Zillow has been a great site for me in this <a href="http://www.zillow.com/learnmore/what-zillow-offers-buyers.htm">home buying</a> process and I thought that I would post my <a href="http://www.zillow.com/mortgage-glossary/Good-Faith-Estimate-%28GFE%29/">good faith estimate</a> so others can use the info off if it. Feel free to comment.<br/><br/>This was from a local Credit Union in Albuquerque New Mexico with currently unlocked rate. Keep in mind that the buyer is not responsible for all of these charges. <br/><br/>Loan Amount $417,000 ($263,000 down)<br/>Rate 5%<br/>Initial Monthly Payments $2,238.55<br/>Fixed 30 year, no prepayment<br/>Adjusted Origination Charges $3362.50<br/>All other Charges $10,836.95<br/><strong>Total Closing $14,199</strong><br/><br/>Required Services <br/>Appraisal Fee $550.00<br/>Credit Report $31.50<br/>Tax Service $70.00<br/>Initial Flood Cert $6.00<br/>Life Flood Cert $10.00<br/>Total Required Services $667.50<br/><br/>Title Services and <a href="http://www.zillow.com/directory/lenders/">Lenders</a> Title Insurance $1532.95<br/>Owners Title Insurance $3419.00<br/>Home Inspection $500.00<br/>Government Recording Charges $80.00<br/>Initial Deposit for Escrow Account $1700.00<br/>Daily Interest Charges $1737.50<br/>Homeowner's Insurance $1200.00<br \><br \>9 replies Tue, 16 Feb 2010 03:31:00 GMT http://www.zillow.com/advice-thread/My-Full-GFE-and-Closing-Costs/325149/ 2010-02-16T03:31:00Z For the FIFTH time, I need to know how to delete the "Make Me Move Price". http://www.zillow.com/advice-thread/For-the-FIFTH-time-I-need-to-know-how-to-delete-the-Make-Me-Move-Price/281372/ There is NO option under Tools that allow me to delete or Opt out.&nbsp; The home was sold in April 2009 through a <a href="http://www.zillow.com">Real Estate</a> Contract for $317k.&nbsp; The options listed under Tools are:<br/>1.&nbsp; Post <a href="http://www.zillow.com/homes/">Homes For Sale</a> AND<br/>2.&nbsp; Set a Make Me Move Price<br/><br/>There must be a way to clean this up.&nbsp; Please advise.&nbsp; Your past directions will NOT work.&nbsp; There must be another way.&nbsp; Thank You.<br \><br \>2 replies Tue, 22 Sep 2009 23:26:00 GMT http://www.zillow.com/advice-thread/For-the-FIFTH-time-I-need-to-know-how-to-delete-the-Make-Me-Move-Price/281372/ 2009-09-22T23:26:00Z relocating http://www.zillow.com/advice-thread/relocating/23508/ <p>I plan to relocate to Albuquerque. What neighborhoods should I avoid</p><br \><br \>4 replies Sun, 09 Mar 2008 23:17:00 GMT http://www.zillow.com/advice-thread/relocating/23508/ 2008-03-09T23:17:00Z