GOOD TIME TO BUY A HOUSE

We’ve all experienced that “If only I would have” moment in our lives and with out a doubt we are at the threshold of another of another one of those times with respect to home ownership. We are seeing home prices at levels not seen for more than 12 years. Foreclosures are the primary driver for this phenomenon and the banks are accepting offers at $50 to $60 dollars per sq ft all over town. With out a doubt Now is the time to buy to avoid another “If only” moment. Give us a call 505-220-9193 or start your search on our website.

Garden To-Do List

With the nice weather this last week, weren't you tempted to go and buy flowers to plant? After that freeze we had, we are all ready for Spring! But last night it dropped again below freezing so what can we really do to get ready for Spring? For one, we can water once a week. Next we can do a final cleanup on our garden beds and replant any volunteer seedlings that are shooting up. It's so nice to see the green shoots coming up through the winter dead plants. We can amend the soil especially with iron. Personally, I need to fillin the holes my dog dug burying bones in the winter lawn. I keep her off the lawn in the Spring & Summer. She won't be happy but Huskies dig.
Speaking of lawn, the Journal had a good article today about not powerraking to remove thatch. Instead, to aerate by making plugs and leaving them on the lawn. In Africa, we teach our villagers to do the same thing. Maintain the ground cover and make sure the soil surface is broken so that air and water and nutrients can enter. Same principles work here.
Soon we can break out the lawn chairs and barBQ!

Great Bank-Owned Properties to Buy in ABQ

This just in on the real estate stats for the Greater Albuquerque Area:

Listings are down slightly to last year 3.4% but the Federal incentive pumped up those sales.Pendings are down 11.2% which makes sense given the above fact. Closed deals are up 7.3%.
The Average ABQ detached home price was $230,417 15% higher than last year which may be because most of the sales last year at this time were below $150,000 for the first time homebuyers.

But most interesting is this:
Short and Bank owned properties are 28% of total listings, 55% of pendings and 35% of Closed deals. BOTTOMLINE: Great time to get a good deal on a bank owned or short sale property. And rates are still close to 5%. We have buyers who have paid less than the appraised value so walk into the house with equity. Can't beat that!! Call me and we'll go look at some houses. 505-220-9193. On my website you can search for foreclosures. Set up a search and I'll refine it for you and find you something.