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Elite Asset Management Team's Blog

Elite Asset Management Team

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Displaying blog entries 191-200 of 240

Save money on gifts and decorations this holiday season!

by Elite Asset Management Team

Don’t throw your budget out the window this holiday season! There are many ways to save money while spreading holiday cheer to your loved ones and friends.

This month, I’m sending information that offers ten tips to save money during the holidays. While page one delves into five ways to save money on gifts for the people on your shopping list, page two provides five ways to help you decorate your home for less.

Pass this information along to your family and friends to help them save money as well.  

Oh, by the way®... if you know of someone who would appreciate the level of service I provide, please call me with their name and business number. I'll be happy to follow up and take great care of them.

 


RE/MAX National Housing Report Nov 2015

by Elite Asset Management Team

Pete Veres wants to share the RE/MAX National Housing report. RE/MAX researches 53 major metropolitan markets every month & analyzes the data to get a pulse on the US housing market. Here are some highlights from this months report in the quick video. If you would like to get a copy of our Complete Albuquerque Real Estate Market report please call me at 505-362-2005505-362-2005  or email me at [email protected]. You can also click here to see the October Albuquerque Real Estate Market Update Summary.

 


What You Need to Know About Credit Reports if You’re a Home Buyer

by Elite Asset Management Team

 

Knowing your credit is probably the best way to fix your credit.

Your credit report shows you details about your payment history, unpaid debts and current balances. It is a record of your credit history from a number of sources, including banks, credit card companies, collection agencies, and governments.

Understanding your credit can help you plan or fix your credit. Here is a list of what you need to know about credit reports if you’re a home buyer.

 1.   Getting a Free Credit Report

You are entitled to get a free credit report from the three major credit reporting bureaus, namely Trans Union, Experian and Equifax, once a year. It is a federal law and you have the right to get one from each of them.

Getting a free credit report is easy. Just go to annualcreditreport.com and get an individual report or get all three of them from the three bureaus.

It is wise, however, to just get one report every four months so that you can periodically check your credit.

 

 2.   Credit Score Not Included

FICO credit scores are not included in credit reports. FICO scores are used by lenders to evaluate your credit-worthiness when you borrow.

There are companies that provide services that will allow you to see your credit score in exchange for a fee.

 

 3.   Paying for your Credit Score

You can pay to see your FICO scores by visiting the websites of Equifax, Experian and Trans Union. You could also visit myfico.com and get a free 10-day trial using your credit card. You must cancel the subscription before the end of the 10-day trial period or you will be charged with a three month subscription.

Visit these websites of the three credit reporting bureaus for updated prices:

Your credit score isn’t as useful as your credit report, though. So purchasing your credit score may not be needed because the information that you would need is in the credit report which you can get for free.

If you’re planning on getting a home loan, your lender may get your credit score in connection with your home loan application and you are entitled to learn your score.

 

 4.   Errors on Credit Reports

Errors on credit reports are, unfortunately, common. Some are just minor errors like misspelled names or addresses, but some of the errors have resulted in denial of credit. This is a serious issue and even though you had no fault in it, you are still held responsible.

If errors are found, it is advised to contact the reporting agencies and creditors in writing immediately. Be sure to provide documentation, explain the error and make a request for an adjustment or have it removed. Make sure you follow up regularly to check the status as this is a very important matter and is detrimental to your credit.

 

 


The Sign of a REMAX Agent

by Elite Asset Management Team

Here is a quick video of how we at RE/MAX set ourselves apart form other agents. Please call Pete Veres at 505-362-2005505-362-2005  for all your real estate requirements.

RE/MAX National Housing Report Oct 2015

by Elite Asset Management Team

Pete Veres wants to share the RE/MAX National Housing report. RE/MAX researches 53 major metropolitan markets every month & analyzes the data to get a pulse on the US housing market. Here are some highlights from this months report in the quick video. If you would like to get a copy of our Complete Albuquerque Real Estate Market report please call me at 505-362-2005505-362-2005  or email me at [email protected]. You can also click here to see the September Albuquerque Real Estate Market Update Summary.

 

SRES Market Place September 2015 Newsletter

by Elite Asset Management Team

Check out oue new addition to our Real Resources Site for our Maturing Homes Sellers and Buyers. Please click here to see the latest news for our Seniors Real Esate News:  SRES Market Place September 2015 Newsletter.

Remax National Housing Report August 2015

by Elite Asset Management Team

Pete Veres want to share the following video market update.

If you would like the complete local Albquerque Market Report please email to: [email protected] or call me at 505-362-2005. You can also track the homes for sale and sold in your area by going to www.AbqMarketinfo.com

National Market Update: 91% of Properties Now Have Equity

by Elite Asset Management Team

91% of Properties Now Have Equity

Some good news in the Real Estate Market, about 759,000 properties at the national level regained equity in the second quarter, bringing the total number of residential mortgages that are lower than their property's value to about 45.9 million. That equates to about 91 percent of all mortgaged properties. Borrower equity has risen year-over-year by $691 billion, according to CoreLogic’s second quarter equity report.

“For much of the country, the negative equity epidemic is getting better,” says Anand Nallathambi, CoreLogic’s CEO and president. “The main reason for this improvement has been the increased rise in home prices over the past 3 years.

CoreLogic predicts home prices to rise an additional 4.7 percent over the next year on the national level, and if that prediction holds true, 800,000 home owners could regain positive equity by July 2016. At this point we are not sure what the local Albuquerque Area Market will do. If you want to track the prices of homes selling in your area go to www.AbqMarketinfo.com. You will receive regular market updates for free.

The majority of positive equity is centered on the high-end housing market. CoreLogic’s report finds that 95 percent of homes valued at more than $200,000 have equity, compared with 87 percent of homes valued at less than $200,000.

Still, the total number of mortgaged residential properties with negative equity remains elevated at 4.4 million – or 8.7 percent of all properties with a mortgage, according to CoreLogic’s report. Negative equity refers to a home owner who is “upside down,” owing more on their mortgage than their home is currently worth.

Find out the 10 places where foreclosure is still a big problem for the market.

Of the more than 50 million residential properties with a mortgage, about 9 million or 17.8 percent have less than 20 percent of equity and 1.1 million – or 2.3 percent – have less than 5 percent equity.

“Borrowers who are ‘under-equity’ may have a more difficult time refinancing their existing homes or obtaining a new loan to sell and buy another home due to underwriting constraints,” CoreLogic notes. These borrowers are also more at risk of moving to negative equity if home prices fall.

Five states alone accounted for nearly 32 percent of negative equity in the United States. The states with the highest percentage of mortgaged residential properties in negative equity are Nevada (20.6%), Florida (18.5%), Arizona (15.4%), Rhode Island (13.8%), and Illinois (13.1%). By large metro area, Tampa-St. Petersburg-Clearwater, Fla., had the highest percentage of residential properties in negative equity territory at 20.2 percent, followed by Phoenix-Mesa-Scottsdale, Ariz. (15.4%), Chicago-Naperville-Arlington Heights, Ill. (15.3%), Riverside-San Bernardino-Ontario, Calif. (12.3%), and Warren-Troy Farmington Hills, Mich. (11.8%).

On the other hand, the states with the highest percentage of mortgaged residential properties in positive equity are Texas (97.9%), Alaska (97.6%), Hawaii (97.5%), Montana (97.2%), and Colorado (96.7%). Of large metro areas, Houston-The Woodlands-Sugar Land, Texas had the highest percentage of properties with positive equity at 98.1 percent, followed by Portland-Vancouver-Hillsboro, Ore./Wash. (97.8%), Dallas-Plano-Irving, Texas (97.8%), Anaheim-Santa Ana-Irvine, Calif. (97.5%) and Denver-Aurora-Lakewood, Colo. (97.5%). We are seeing people from these markets starting to move to Albuquerque to capitalize on local market conditions.

Info from Daily Real Estate News Wednesday, September 16, 2015

Sandia Heights Home Tour

by Elite Asset Management Team

Realtor Tour in Sandia Heights
Monday, June 15th From 4:00 pm to 6:00 pm

Nine Homes in Distinctive Sandia Heights!

Our Featured listing will be:

1027 Tramway Lane NE
1027TramwayLaneNE
 
MLS # 837532
$850,000
4,315 SF
5 Bedrooms, 4 Baths, 3 Car Garage

Directions: North on Tramway from Academy to San Bernardino. Right on San Bernardino to Tramway Lanne. Right to Tramway lane past Red Oaks Loop. Home is on right just past Red Oaks Loop.

Listing Member: A. Peter Veres
Phone: 505-362-2005
Email: [email protected]

To see the complete tour click on Sandia Realtor tour.

RE/MAX National Housing Report May 2015

by Elite Asset Management Team

Pete Veres wants to share this quick video: The latest National Housing Report May 2015

RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. Home sales in April were greater than in any other April since the RE/MAX National Housing Report began in 2008. This continued a three-month trend in which sales were higher than both the previous month and the same month in the previous year.  Here are some highlights from this months report. For a Local Market Report Please contact Pete Veres at 505-362-2005505-362-2005 email: [email protected]

Displaying blog entries 191-200 of 240

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Elite Asset Management
RE/MAX SELECT
8300 Carmel Ave. NE Ste. 203
Albuquerque NM 87122
(505)362-2005

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