Home values in Albuquerque have a tendency to be far more consistent than home values in other areas of the country. You won’t see any drastic jumps, as the neighborhoods all tend to offer a similar standard of living. Most of the time, the property values reflect the age of the construction. Older homes go for less, and newer homes go for more. The overall average value is $172,300, though some homeowners can expect significantly more and others can expect significantly less.
The averages of Santa Barbara and Monkbridge Gardens are an accurate representation of what the majority of Albuquerque homeowners can reasonably expect to fetch. Newer construction and renovated homes near Rio Grande Blvd and Huning Castle drastically improve averages, making the statistics somewhat misleading.
Property in Albuquerque is generally inexpensive, which creates a mixed bag of pros and cons. On one hand, affordable property is attractive to first time homeowners and young families. On the other hand, sellers can’t expect to walk away with padded pockets after a sale.
CURRENT MARKET IN ALBUQUERQUE
Though Albuquerque has successfully recovered from the real estate collapse, this isn’t necessarily good news overall. Home values have been steadily rising for the past few years, and are expected to continue their steady ascent. While it’s good for homeowners to know that the values of their properties aren’t in decline, this statistic isn’t backed by remarkable market health.
Albuquerque’s market is drastically underperforming. In fact, it’s in the lower 20% of housing markets in the United States. Surrounding cities in New Mexico are doing a little better, and the majority of people relocating prefer to settle into these areas with more desirable properties and stronger markets. A staggering 27% of properties in Albuquerque sell at a price cut, and they’re hanging around on the market for prolonged periods of time. A disheartening number of properties sell at or even below their previous sale price.
It’s not a good time to sell in Albuquerque, and there’s no way to tell when things will turn around. Climbing values turn out to have little to no affect in a market where over a quarter of homes are selling at a price cut and not able to see the translation of that value during the sale. Things are stagnating, and only the most desirable properties are moving within a reasonable timeframe. If you feel like you’re stuck in Albuquerque’s housing market, you’re certainly not alone.
WHAT IF I CAN'T SELL MY HOUSE?
If you can’t sell your home in Albuquerque, you’re part of an unfortunate majority. Even properties in decent condition aren’t selling in most areas of Albuquerque, and this poses an interesting dilemma for homeowners. There are several ways this dilemma can be approached. One of them takes money and time, and the other involves washing your hands of the situation and selling your home in its present state.
DOES YOUR HOME NEED REPAIRS?
If you have the time and money, you have the option of renovating your home in order to make it more appealing. Great properties at a steal are generally quicker to sell, even in a market that moves at a snail’s pace.
If your home has any major structural defects, such as fire damage, water damage, or a bad roof, buyers are unlikely to consider your home at all. If you have a few thousand dollars to play with, you might want to consider investing it into your home.
If you don’t have a lofty savings account, this may not be an option for you. Considering that some improvements or repairs may not even offer any return on investment, this could wind up becoming a bad move. After all is said and done, your home may not sell. When it does, you might find yourself in the negative.
BYPASSING TRADITIONAL SALES METHODS
The best way to bypass this scenario entirely is by working with a home investor. Rather than spending money you don’t have to perform repairs that might not make a difference, and investor will simply offer a number less the cost of repairs. They’ll handle all the hard work on their own, and purchase your home on the spot.
They don’t care about home damage or a rowdy neighborhood. They have their own plans and the means to accomplish them, and they’ll relieve you of the burden of your unwanted home.
IS AN INVESTOR RIGHT FOR YOU?
If you’re starting to feel desperate or anxious, and investor might be the perfect solution. When you’re actively looking to sell a home in an area where nobody is looking to buy, it’s easy to get frustrated. If you’re seeking a quick and easy sale method, an investor is almost always the answer.
Home Buyers USA is a home investment company that purchases properties that may be difficult to sell on the regular market. We know how a lot of homeowners in Albuquerque feel when they have to renew their listings for the third time, and we want to help them find the light at the end of the tunnel.
Send us an email or give us a call with information about your property. We’d love to prepare a quick cash offer for your home, and help you out of your frustrating situation once and for all.
WHAT HAPPENS NEXT?
When you want us to buy your home, or even if you’re just curious about what we can do for you, there are three easy steps to start the process. We don’t want to make it difficult for you to work with us, and we’ve designed the process with your convenience in mind.
Send Us Your Info
We’re prepared to make an offer as soon as you forward your information to us. On the bottom of this page, you’ll find a short form you can use to submit your details to us. After we receive it, we’ll have one of our professionals review it and draw up your offer.
Get Your Offer
Our offers are always all cash, and we’re prepared to buy your home right now. There’s no need to read between the lines – you aren’t going to run into any hidden costs during any part of the process.
Accept or Decline
We’ll feel honored if you accept our offer. It’s a win-win situation for everyone involved. If you don’t, we still won’t give up on you. We might be able to give you advice or direct you to other resources that may help you out. We want you to find the assistance you deserve.
You’ve more than likely been through a difficult time trying to sell your home. When you accept our offer, that ends here. We’re proud to do everything in our power to make your experience with us a positive one.
Put Down the Paintbrush
We buy homes “as is”. That mean we don’t need you to do anything to prepare the home for us. We’re purchasing it damage and all. We’ll handle the labor ourselves. You can sit back for a while.
We Cover the Paperwork
When you sell a home through an agent, or even on your own, there’s often a lot of paperwork involved. The investment process doesn’t require all of that paperwork. We’re able to handle the bulk of it and let you spend your free time preparing to move to your next home.
No Closing Costs
We pride ourselves on our ability to put homeowners first. We’ll never ask you for closing costs. Our offer reflects our expenses, and we won’t ask for a dollar back. Reputable investors would never require money from homeowners, and we take that very seriously.
No Loans. Only Cash.
When we make you an offer, that offer is all cash. We don’t need to get loan approval from a bank, and this takes a lot of time out of an otherwise lengthy process.
7 Day Closing
Without loans and the involvement of banks, we’re able to close right away. We can wrap up the whole process in a week. We don’t want to waste your time with unnecessarily complicated logistics. Since we’ve got the cash, there’s no reason to wait.
We Respect Your Situation
A lot of homeowners working with investors are going through a hard time. Sometimes they’re liquidating assets, settling an estate, or avoiding foreclosure. It’s not easy, and we know that. We respect your situation, and we’re here to help you bring everything to a satisfactory conclusion.
Would You Like a Free, All-Cash Offer on Your House?