Real Estate Information Archive

Pete Veres and Sean Hellmann want to share a bit of good news. We have started to see some positive signs locally here in Albuquerque. RE/MAX CEO Margaret Kelly appeared on CNBC's Street Signs on March 14, 2012 to discuss the RE/MAX National Housing Report, which found that for the first time in 18 months, home prices rose year-over-year in February

So what are Amercians Buying? Here is a quick summary of what Americans are buying. Pete Veres and Sean Hellmann want to share these latest stats.

Wonder if it is still a good time to buy in the Albuquerque Real Estate Market?  The great news for Buyers this year is current interest rates continue to tumble week by week.  This is also good news for Sellers as more buyers are jumping on these historic low interest rates.  For more information on the continued trend of low mortgage rates please ready this article found on MSNBC: http://www.msnbc.msn.com/id/38770102/ns/business-real_estate/t/mortgage-rates-tumble-record-low/

If you are thinking about buying or know someone that is considering taking advantage of the low interest rates please contact Sean Hellmann or Pete Veres with Re/Max Elite and the Elite Asset Management Team.

We have excellent resourses for great loan programs to include First Time Buyer loan programs, investor loans, conventional loans and VA Loans.  We are ready to help you at anytime in this great Albuquerque Real Estate Market.

Pete Veres and Sean Hellmann would like to share with you on how to avoid the 5 Top Mistakes Home Sellers make when selling a home. Choosing to work with a qualified RE/MAX agent can help you avoid costly mistakes such as incorrectly pricing your home, not preparing your home for sale, and ineffective marketing. Choose Wisely. Choose the Elite Asset Management Team with RE/MAX Elite

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Pete Veres and Sean Hellmann would like to share the video with you. RE/MAX Chairman and Co-Founder Dave Liniger reveals his Top 10 Predictionds for the 2012 US Real Estate Market. Some great stats!

Often the Elite Asset Management Team is asked how the Albuquerque Real Estate Market is doing?  As an expert the Elite Team researches the market and reads articles to keep us informed on the latest market trends.  I found this interesting article in DS News that discusses the current market and the road to recovery.  Read the article here: http://www.dsnews.com/articles/housing-market-strengthening-but-long-road-to-recovery-lies-ahead-2011-12-23

Many of the statements within this article I find true in the local Albuquerque Real Estate Market.  The inventory of homes in the Month of December was at its lowest point that our team has seen in years.  There are many factors for this, but all signs point to a healthier inventory of  homes based on demand.  It is true that distressed sales are on the rise in the local area, but many of those properties will require some investment to improve those properties in order to move into or to attain them as investment properties.  Non-distressed properties are still selling and the decline of price is not as significant as many people may think.  Non-distressed properties are great options for many buyers because they simply do not want to invest the money or time into fixing up a property.

Our team hope you enjoy this article and hope it brings you some insight to how our market will evolve during 2012.

If you have any Real Estate needs feel free to contact Sean or Pete with the Elite Asset Management Team.

Happy New Year!

Sean and Pete

Why should you Buy a home vs. rent in the current state of the economy? If you are following the news on the economy it would be enough to scare you into hiding.  Many clients that I work with are always asking why buy instead of rent when the economy and real estate market are experiencing the worst markets in history?  I have some answers that might make you consider that this is the time to Buy in the Albuquerque Real Estate market instead of Rent.

Recently, I was reading some interesting articles that may encourage you that Buying a home and paying a mortgage is one of the best investments still out there.  In a recent Wall Street Journal article: http://online.wsj.com/article/SB10001424052970204774604576629443313035736.html  one of the growing trends around the country and now in the Albuquerque Real Estate market is that a mortgage on a home is becoming more and more affordable compared to renting.  For example, a $250,000 mortgage in the Albuquerque area could cost you $1700 per month and that is assuming you only put down 3.5% and do an FHA loan. Other loan programs could lower that monthly payment.  To rent a comparable home in Albuquerque you would look at spending anywhere between $1600 to $2000 per month.  There are many positives to buying a home and the short list is; tax incentives, building equity and home ownership. Check out this article in Forbes Magazine that discusses some good examples how owning a home and paying a mortgage can improve your retirement: http://www.forbes.com/sites/financialfinesse/2011/10/13/the-next-mortgage-crisis/.

My personal belief is that many buyers are savvy enough to realize that this is one of the best times to buy a home.  The Albuquerque Real Estate market is one of the most affordable markets in the country and with interest rates combined this is a great time to buy.  If you are still wanting to weigh your options feel free to give the Elite Asset Management Team a call.  Our Team would like the opportunity to share some of the best bargains in the marketplace. 

Warm Blessings,

Sean and Pete

Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal. But as a real estate professional who is in the trenches with financially stressed homeowners every day, it never for a second feels to me like business-as-usual. Our Real Estate team specializes in the Albuquerque Distressed Sale market and we have been helping families with this type of struggle since 2007.

The prospect of losing ones home is right up there among the major sources of grief, and often, it goes hand in hand with other tragic setbacks such as the loss of a job, a divorce, death of a loved one, mounting medical bills or skyrocketing mortgage payments.

Unfortunately, the first stage of grief is denial, and that’s even more the case when the threat of foreclosure is looming. No one wants to talk about or admit financial troubles—even when millions of others have found themselves in a similar spot.  It’s completely understandable, but for homeowners who are behind on mortgage payments, decisive action is often the most critical step toward ensuring the best possible solution.

As a real estate professional in the Albuquerque Real Estate market who has sought out the Certified Distressed Property Expert (CDPE) designation, our team helps homeowners to deal with every aspect of the grief and uncertainty that accompanies a mortgage which is no longer manageable. In the process, we help them to get on a path of financial solvency.

If you or someone you care about would like to change the course of a life that’s facing foreclosure, our team gets it and we can help.

Contact Pete or Sean with the Elite Asset Management Team at [email protected] or call Sean at 505-453-3002 or Pete at 505-362-2005.

Our Team is here to help with anyone that is facing foreclosure.

Warm Blessing,

Sean and Pete

The Elite Asset Management Team is pleased to announce the release of our new website www.EliteAssetMgtTeam.com!  We are very excited because this website features many new features for Buyers to search for properties in the Albuquerque and Rio Rancho area.  There are many Buyer Reports and tools to help educate the buying process and also easy search features when looking at Albuquerque Real Estate.  In addition, we have some tools and reports for Sellers to utilize.  There is a Home Values button at the top of the website that helps Sellers request a Free Market Analysis.

Other great features is the Listings By email that Buyers can sign up for and receive on a daily basis.  This search is also specific to the Buyers search criteria and you can select what criteria you want when searching for Albuquerque Real Estate. Buyers can also select the Bank Owned button that allows buyers to search for Bank Owned property in a specific price range. Past clients and current clients can sign up to receive our Monthly Newsletter that will be updated monthly and will have some great Real Estate information ranging from topics about home mortgages, Albuquerque Area Foreclosures, Short Sales, and updates on the Albuquerque Real Estate Market.

In you know anyone that can benefit from using our website please pass the link on to your friends and family. The biggest compliment we can receive is a referral and we will provide that same level of service you experienced with us in the past.  We look forward to hearing from you soon and please let us know your thoughts about our new website.

Warm Regards,

Sean and Pete, #1 Re/Max Elite Team

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.