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All About New Mexico Real Estate

By Fred Hernden, CMI, Albuquerque area Master Inspector
(Superior Home Inspections - Greater Albuquerque Area)
This one was not inspected!  create delete By Fred Hernden, CMIHome Inspector with Superior Home Inspections - Greater Albuquerque Area InterNACHI 10041206 May 26, 2017 06:54 AMReport The other day I did an inspection on a house that was only two years old. I like those... they usually have very little to no issues. And, that was the case here too! I was starting to wonder if I was going to find anything! That is, until I got into the attic areas. There were two attic areas, one was a small area just above the master bedroom and bathroom, and the other was on the second story. So everything was under the second story roof but the master and bathroom. Well, the upstairs attic areas was fine, looked good, blown in cellulose that calculated out to be R30. Good! The first story attic area a...
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By Fred Hernden, CMI, Albuquerque area Master Inspector
(Superior Home Inspections - Greater Albuquerque Area)
Have you ever told a client they shouldn't buy this home?  create delete By Fred Hernden, CMIHome Inspections with Superior Home Inspections - Greater Albuquerque Area InterNACHI 10041206 September 26, 2017 05:53 PMReport A re-post from 2017, was a Featured Post, still struggle with this a bit... As Home Inspectors, it is our job to tell the condition of the home we are inspecting, on that particular day of the inspection. It is not our job to tell them to buy or not to buy, although sometimes it is hard not to! Have you ever had a client ask you if they should buy it? "What do you think... is this a good home to buy?" Been asked that a multitude of times! Always the generic answer, "I cannot tell you whether you should buy it or not. My job is to tell you the condition of it so you and...
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By Fred Hernden, CMI, Albuquerque area Master Inspector
(Superior Home Inspections - Greater Albuquerque Area)
NOTE - This is a re-post of an article I published back in 2016. It was picked up by several websites and distributed around including to Linkedin. I haven't posted here in several years, but have a TON of blogs to check out! ARTICLE: Are elements in your garage posing a fire risk or other dangers to your home and family? My rule of thumb has always been, if you want to park one car in the garage, you need a two-car garage, and two cars needs a three-car garage. Junk, errr... I mean "stuff" is almost always prevalent in most garages. Regardless of how you use your garage, if you use it for items like paint, gas for the lawn equipment, small propane tanks for your barbecue, cleaning solutions, paper or clothes, if a fire starts in your garage, you don't want it to spread to the attached...
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By Myers & Myers Real Estate, Your Trusted Real Estate Advisors
(Myers & Myers Real Estate)
Nestled within the vibrant city of Albuquerque, New Mexico, lies a community that embodies the essence of active adult living—Del Webb Mirehaven. Boasting an array of amenities, picturesque landscapes, and a welcoming atmosphere, Del Webb Mirehaven is more than just a neighborhood; it's a lifestyle. This article delves into what makes this community a coveted destination for those seeking an enriching and fulfilling retirement experience.Located near the Petroglyph National Monument, Del Webb Mirehaven offers residents the perfect blend of natural beauty and urban convenience. Situated just minutes away from downtown Albuquerque, residents can easily access a myriad of cultural attractions, dining options, and recreational activities while still enjoying the tranquility of their serene ...
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By John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me!
(Albuquerque Homes Realty)
Welcome to this fabulous home listed for sale in the coveted Bosque Del Rio Community. Bosque Del Rio is one of Albuquerque’s best-kept secrets and an area with rare opportunities to purchase a home. While the main travel arteries are Coors and Paseo Del Norte, this quiet and peaceful community is tucked away among the massive old-grown Cottonwood Trees. Private access to the Bosque (Cottonwood Forest) and along the Rio Grande is just a short stroll away for cyclists, walkers, and nature lovers. The Bosque Del Rio community also has a private park for its residents. This exceptional Northern New Mexico-style home is at 2708 Bosque Del Rio Lane NW Albuquerque, NM 87120. It has approximately  2368 sq. ft of living space and a three-car garage and is situated on a 0.25-acre lot in a quiet ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
12 AlamoCreek RealEstimate (realtor.com) CoreLogic @1,765.200; Quantariam @1,668,705  DEAL @$1,625,000!WELCOME to the newly renovated CASA VERDE, a unique custom Santa Fe style home with double adobe walls and 14ft ceilings, flawlessly reimagined into a paradigm of luxury, offering sweeping, unhindered vistas of the serene mountains, punctuated by the awe-inspiring blue sky and drifting clouds, captivating sunrises, vibrant sunsets and pure night sky of wonder. This home's new 2nd driveway (Aug 2023) and flagstone path to the front doors, leaves the former stairs to the main entry obsolete!  More Images Click here.This exquisite residence features a NEW 2nd gravel driveway and flagstone walkway to the main entry making the former stairs OBSOLETE!  This home showcases an open, inviting f...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Yes, land like this is not made anymore, even in Santa Fe, New Mexico.This 12.83 acre residential lot with WATER, panoramic vistas of the mountains and Galisteo Basin is under contract as active contingent! This could be your land of opportunity! Click on this link for the rest of the story. Click here for more images.Maybe this opportunity if not exactly right for you. You still love this area that Michael McGarrity made famous along with Amtrak's Southwest Sky Chief. And maybe your dream is to live here, but not sure about building a dream home. So...Interested in homes and land too on the market in this popular Lamy, New Mexico community only 20 minutes to the Santa Fe Plaza (by car), then click here.Now, if you are on the move, then let's have a conversation about opportunities read...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
A homeowner's decision to sell their home begins with a lot of  concerns often causing a homeowner to stress and certainly procrastinate. You may begin by thinking selling "AS IS" is faster, easier and can avoid other issues that accompnay seeling a home. From a seller's standpoint, "as is" means the buyer will purchase the home in its current condition without asking for any repairs.  While it is convenient for the seller to take this approach, the normal trade out is the property will not result in the highest possible sales price.Regardless of how the home is sold, the New Mexico home seller is required to disclose all defects which include repair history, condition of systems and appliances, water damage, pest infestation, radon, and other things that affect the value and livability...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Dear Homeowner, I want to let you know that 2404 Maclovia Circle located in the much sought-after Casa Alegra Santa Fe neighborhood JUST SOLD!Are you aware that home sales over the last 12 or even 6 months within 2 miles of your Santa Fe NM home AFFECT your home's value? If you have any questions about your home's value after you or are even wondering about selling you home, for your instant home value at no cost or obligation click here.Or if you want to see current market statistics for the 87505 zip code then click here and enter the zip code. Stats may include valuable information such as average listing price, price reductions, new listings, etc. Instantly view the current report and subscribe to receive monthly updates to stay current on changes to the areas.PS. You can get more i...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Yes, spring has arrived in Santa Fe NM with gorgeouos blue skies!  Along with our Spring winds come the buyers. But with recent shifts in real estate financing, this year’s spring housing market may be different from the frenzy of the past several years. However, due to low inventory, you may be blessed with competitive offers. In order to sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips: 1. Make Sure You Give Buyers Access One of the biggest mistakes you can make as a seller is limiting the days and times when buyers have access to view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ access to view it. If it’s not accessible, it could cost you by sitting on the market ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Emily Medvec knows Santa Fe real estate and when it is time to Buy, Sell or Hold.If you’ve ever been in a Monopoly game after most of the properties have been purchased and developed, it can be a relief to land on Free Parking, knowing the dice must rotate to the next player giving you a respite from paying rent. Like the game, in real life, it would be nice to avoid paying rent and even better to have people paying you rent for property you own. Learn more about affordability vs rent here with one click.Winning in the game of Monopoly is all about investing. If you travel around the board, trying to buy the ultimate property and pass Go to get another $200, you’re missing the opportunity to purchase good properties along the way that could lead to upgrading into your dream home. Search...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
 Dear Homeowner, I want to let you know that 320 Calle Estado located in the Loma Encantada northside neighborhood JUST SOLD!Are you aware that home sales over the last 12 or even 6 months within 2 miles of your Santa Fe NM home AFFECT your home's value? If you have any questions about your home's value after you or are even wondering about selling you home, for your instant home value at no cost or obligation click here.Or if you want to see current market statistics for the 87501 zip code then click here. Stats may include valuable information such as average listing price, price reductions, new listings, etc. Instantly view the current report and subscribe to receive monthly updates to stay current on changes to the areas.PS. You can get more info about this Sold Home at 320 Calle Es...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
1405 Second Street, Santa Fe, NM Get Directions Click Here Description Photos Real Estate Reports for Home Owners, Sellers & Buyers! Maps & Local Schools Print $ Click for current price 2 BEDROOMS | 1 ¾ Bath BATHROOMS | 1400 SqFt This fine contemporary Santa Fe home is new on the market for the lst time! It is more than a home. It is a live/work or a easy to short term rental property as well. It is a professionally designed Santa Fe contemporary home, once featured in the Santa Fean magazine in 2008. Its open concept is designed for living and working and entertaining. It features a chef’s kitchen with stainless steel appliances, open dining area, spacious light-filled great room, high ceilings, concrete, tile and bamboo flooring, radiant in floor heating, separate primary bedroom, on...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Mortgage Interest Rates continue to vary from day to day as both Buyer and Sellers adjust to the mortgage rate shock begun in 2022. Here is a general interest rate update for your information and home buying plans as of today. Program                                                  Rate                                 APRConforming 30 Year Fixed                     6.5%                                  6.567%Conforming 15  Year Fixed                     5.500%                              5.608%Jumbo 30 Year Fixed                               6.250%                              6.280%Jumbo 15 Year Fixed                                6.250%                              6.406%FHA 30 Year Fixed                                    6.250%                               7.333%VA 30 Year Fixe...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Today's housing market in Santa Fe, New Mexico is absolutely nothing like it was 15 years ago --- both in Santa Fe and nationwise. There’s no doubt today’s housing market is very different than the frenzied buying and selling of real esatate in the pandemiic housing boom. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences. In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle: Looking at the those facts, it’s ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Mortgage Interest Rates continue to vary from day to day as both Buyer and Sellers adjust to the mortgage rate shock begun in 2022. Here is a general interest rate update for your information and home buying plans as of today. Program                                                         Rate                                     APRConforming 30 Year Fixed                         6.625%                                 6.07%Conforming 15  Year Fixed                         6.000%                                6.128%Jumbo 30 Year Fixed                                  6.375%                                  6.417%Jumbo 15 Year Fixed                                   6.375%                                  6.551%FHA 30 Year Fixed                                       6.250%              ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
Avoid the Santa Fe Rental Trap in 2023Are you a renter in Santa Fe, New Mexico? If so, you likely face an important decision this year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward, especially in our rental market. Here a 2BD 2BA apartment rental in one of the new buildings that popped up over Santa Fe during the pandemic ranges from $1800 to $2200 a month! In the past year, both current renters and new renters have seen their rent go up based on information from realtor.com: “Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increase. The strain from recent rent hikes isn’t exclusive to ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
What's happening in Santa Fe, New Mexico as this 2023 New Year begins. There are many events and performances to enjoy after a day at Ski Santa Fe which is located only 16  miles north of the Historic Plaza. As we roll into 2023, here is what to look forward to in  our city in January: Pink Martini, R.E.S.P.E.C.T, Aaron Diehl Trio and Jason Marsalis, The Modern Jazz Quartet, Mireya Ramos, Danish String Quartet, The New Mexico Hip Hop Awards, An Evening With Lyle Lovett and more. Learn more and get tickets here at Santa Fe's Lensic Theater. Leaving the Santa Fe Ski Basin just before sunset you can expect to see one of these sunsets which seem to be a regular gift to all those who live and live Santa Fe over nearly every early evening. Now if you know you love Santa Fe and want to see the...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
            6113 Vuelta Ventura Santa Fe NM 87507 FOR SALE - Imagine This Deal! 4 BD 2 BA 1430 Sq Ft w/one car garage conversion on .1 ac lot with easy access to everything important in Santa Fe from Presbyterian Hospital, Restaurants, Shopping, Local Businesses, Santa Fe Community College and More. Home Features include: Evaporative Cooling, Skylights, Large Kitchen with gas range, Remodeled Bathrooms, Tile and Wood (Laminate) Flooring and MORE                           Easy Access to 599 for commute to Los Alamos Lab                        Seller Credit Offered To Help Buyer Lower Mortgage Rates Virtual Tour News Flash: Santa Fe market cooling off in recent weeks. This destination remains an opportunity for investors and buyers alike. This week the median list price for Santa Fe, New ...
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By Emily Medvec, Broker | Realtor | Serving Santa Fe & Northern NM
(eXp Realty LLC)
This 2022 holiday season, if you’re a Santa Fe, New Mexico homeowner, odds are your equity has grown significantly during the pandemic housing boom as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the average borrower with a home loan has almost $300,000 in equity right now. As you weigh your options, especially in the face of inflation and talk of a recession, it’s important to understand your assets and how you can leverage them. This article is a resource to help you understand how much home equity you have and advise you on some of the ways you can use it.  Here are a few examples. 1. Buy a Home That Fits Your Needs If you no long...
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