Daves360's Q&A

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!

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

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!

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. 

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]

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]

As of December, the avg days on mkt for homes in Albuquerque (days it takes to sell) was 83.  You can see much more detail regarding our market stats here:http://www.gaar.com/image ... eport.pdfFeel free to contact me anytime for more data or analysis of data to help you make any decisions. David[Content removed by moderator due to self-promotion]

I'd be happy to email you a list of similar houses and the prices they are selling for, or have sold for over the last 6 mos in your neighborhood.  Just check out my website and contact me if you'd like that (free / no obligation).David Stafford [Content removed by moderator due to self-promotion]

[content removed by moderator for being self promotional] First, you exhaust your lender options for refi - I can refer you to brokers who may be able to get it done.  Second, you negotiate with your bank for a loan modification, which is a good option for you.  Third, you may have to sell your house either on the market or to an investor, [content removed by moderator for being self promotional], to make sure you do not get foreclosed on!  You can control the outcome, but you have to be proactive. [content removed by moderator for being self promotional]

$185k on 6/6/07