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Daves360's Advice

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  • 17 Contributions
  • 0 Best Answers
  • 1 Helpful

Daves360 wrote:

What are the best quality residential neighborhood in Albuquerque

Answer
That is an open ended question that depends a lot on what is important to yyou, which may differ from someone else.  It also depends on value and what general parts of town you are considering.  In general, from an investment perspective, the northeast, uptown, UNM, and north valley areas tend to have higher values (sales prices and $/sqft) and tend to hold their values better, but this is a big generalization.  Respond with a little more detail and I can provide a more valuable and helpful answer.
July 04 2012
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Safety and Desirability

Response
You can look up crime statistics for most Albuquerque areas here:http://www.cabq.gov/onlinesvcs/crimestats/Lots of "revitalization" and redevelopment across the country has been delayed since about 2007 (or cancelled).  Some has begun to re-start again, like Winrock in Albuquerque.  I do not know about the status of Barelas.Barelas is a neat area in my opinion, but you will need to decide for yourself if you consider it desirable, given your own wants and needs.Best of luck in your search, Albuquerque is a wonderful place! Let me know if I can be of further assistance anytime.
March 15 2012
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I NEED A VALUE OF A HOUSE IN ALBUQUERQUE NM IN 1989 HOW ON ZILLOW CAN I FIND IT OR ELSEWHERE

Response
I am an Albuquerque broker and can gladly help you figure this out quickly.  Just call or email me directly please.
February 20 2012
(0)

debt to income

Answer
Hi Leigh, I am also a vet in NM, and a real estate broker.  I buy properties all the time as "sole & separate" from my wife, and then add her on to deed upon closing.  I have never run into a situation where a lender counted my wife's (small) debts against me.  The only reason I do this is to manage our credit score separately to keep them independant and strong, something everyone might want to consider in today's economy.  Anyhow, feel free to contact me to discuss in more detail any time. Best of luck!
February 22 2011
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I live in New Mexico. I have been told NM is a non-public disclosure state in terms of real estate

Answer
We do not have a public database of home data, prices sold, #BR, size, etc. The MLS is the closest thing, and Zillow now taps into MLS through broker permissions, so they are trying to build some historical data in areas to get more and more accurate, but they are just not there yet, and as a result, tend to be off in many areas in New Mexico.  Feel free to contact me for an accurate valuation of your home.  Best of luck to you!  -_ David
January 31 2011
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Crime in the Fair Heights area

Answer
I used to live in this area and it seemed like there was a spike in crimes aaround state fair time, but I still own two homes near there and because it is between UNM and Uptown, it is a great area from an investment standpoint.  I also love the character of some of those old homes, always pleasant surprise to my buyers.  I recommend the area and know of some very interesting homes available now.  You can also learn all about the area from the awesome active neighborhood association on their own website here: http://fairheights.org/Happy house hunting!
September 14 2010
(1)

How much home can I afford?

Response
There are some areas in our metro area that you can still do 5% down conventional with some lenders.  I would be happy to recommend a local mortgage broker who can tell you exactly where you can still do 5% down and what you can afford.  I would also be happy to provide details regarding different areast in the east mountains, as they do differ, for example where you can and can not find water.  Your math suggests that you will be able to do the 10% down: if you move here in 6 mos and can save even $4k/mo, you will have $24k + $20k you have now for $44k, which should cover 10% down on a $400k home with another $4k for closing costs.  Also, I suggest you look for a local broker who knows the area, actively invests in the area, and offers an incentive that can save you thousands.  Happy house hunting!
September 06 2010
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Can I qualify for a fha or any loan while on a fixed disability income? I have excellent credit.

Answer
Yes, and I would be happy to refer you to some excellent loan officers to make it happen for you right here in Albuquerque.  It would also be my pleasure to assist you in finding a home here, if you haven't already. 
April 12 2010
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Can I get a 1st time buyer credit when I am currently an out of state buyer?

Answer
Absolutely, as long as you are moving into it.  The tax credit details from the IRS are found here:http://www.irs.gov/newsro ... 1,00.htmlI would be happy to help you find the right place, and even add to your rebate by offering a buyer rebate, which can save you thousands!  Feel free to contact me or see my website for further details:[Content removed by moderator due to self-promotion]
March 12 2010
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what is the average days on the market?

Answer
Ron makes an excellent point.  The key to selling is being the best value compared to competing homes for sale.  The art of pricing strives to acheive the right price that attracts interest and sells the home in less than the avg time, while not leaving money on the table.  Also, keep in mind that it can be statistically proven that homes that are overpriced from the start typically pay a penalty and sell for less than those that price right from the start.  The best thing to do is to go see the competing homes firsthand and then price yours so that it will be perceived as one of the best values out there.  I can gladly get you in to see your competitors if your goal is to sell your home.David[Content removed by moderator due to self-promotion]
January 19 2010
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